“隔膜老三”正式完成并购重组！

Core Viewpoint - The article discusses the successful merger and acquisition of JINLI New Energy Technology Co., Ltd. by FOSUN Technology, marking a significant consolidation in the lithium battery separator industry, with a total transaction value of 5.08 billion yuan [5][10]. Group 1: Merger and Acquisition Details - The acquisition was executed through a combination of issuing shares and cash payment, with FOSUN Technology acquiring 100% of JINLI's shares [4]. - The total transaction price was set at 5.08 billion yuan, with 400 million yuan paid in cash and the remaining 4.68 billion yuan settled through share issuance [5]. - The merger process began in 2023 and was completed with the approval of the China Securities Regulatory Commission in January 2026 [9][10]. Group 2: JINLI's Market Position - JINLI has established itself as a leading player in the lithium battery separator market, focusing on the research, production, and sales of wet and coated separators since its founding in 2010 [11]. - The company has a diverse shareholder base, including major industry players like BYD and Xiaomi, which enhances its market competitiveness [11]. - JINLI's production capacity reached 5.9 billion square meters by June 2025, with 42 production lines operational, positioning it among the top in the industry [14]. Group 3: Product and Technology Development - JINLI is committed to high-end and diversified product development, utilizing ultra-high molecular weight polyethylene (UHMWPE) for its separator products [11]. - The company has successfully entered the solid-state battery market, launching semi-solid and solid electrolyte coating membranes, which have been recognized in the market [17][21]. - JINLI's solid-state products are now being supplied to major battery manufacturers, establishing it as a key partner in the solid-state battery supply chain [22].