证券代码：832522 证券简称：纳科诺尔 公告编号：2025-093 邢台纳科诺尔精轧科技股份有限公司 关于开立募集资金现金管理专用结算账户的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 邢台纳科诺尔精轧科技股份有限公司（以下简称"公司"）于2025年3月11 日召开第四届董事会第九次会议、第四届监事会第八次会议，于2025年3月27日 召开2025年第二次临时股东会，审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，在确保资金安全、不影响募集资金投资项目建设的前提下，公 司拟使用额度不超过人民币20,000万元的闲置募集资金进行现金管理。在上述额 度内，资金可循环滚动使用，拟投资的期限最长不超过12个月。使用闲置募集资 金进行现金管理的品种应满足安全性高、流动性好、可以保障投资本金安全等要 求，包括但不限于保本型银行理财产品、定期存款、结构性存款、协定存款、可 转让大额存单等，且购买的产品不得抵押，不用作其他用途，不影响募集资金投 资计划正常进行。具体内容详见公司在北京证券交易所信 ...

Group 1 - In the past month, 66 companies listed on the Beijing Stock Exchange (BSE) received institutional research, with Naconor being the most popular, attracting 114 participating institutions [1] - The types of institutions conducting research include 65 brokerages, 52 funds, 49 private equity firms, 36 insurance companies, and 8 overseas institutions [1] - The companies that received the most attention after Naconor are Kelong New Materials, Tonghui Electronics, and Jianbang Technology, with 67, 65, and 62 participating institutions respectively [1] Group 2 - Kelong New Materials, Tongli Co., and Mingyang Technology had the highest frequency of institutional research, each receiving two rounds of research [2] - Companies that received institutional research saw an average stock price increase of 11.63% over the past month, with 51 stocks rising, including Haineng Technology, Zhuozhao Adhesive, and Better Ray, which increased by 58.09%, 54.93%, and 46.75% respectively [2] - The average market capitalization of all BSE companies is 3.455 billion yuan, while the average market capitalization of companies that received research is 4.323 billion yuan, with Better Ray, Tiangong Co., and Naconor leading in market capitalization [2] Group 3 - A detailed list of companies that received institutional research includes Naconor, Kelong New Materials, Tonghui Electronics, and others, with their respective number of participating institutions, research frequency, latest closing prices, and percentage changes [3][4] - The highest daily turnover rates among researched companies were recorded for Zhuozhao Adhesive, Tiangong Co., and Gais Food, with average daily turnover rates of 13.07%, 12.82%, and 12.66% respectively [2]

Market Overview - On September 5, the total trading volume of stocks on the Beijing Stock Exchange reached 1.905 billion shares, with a total transaction value of 44.069 billion yuan, an increase of 6.094 billion yuan compared to the previous trading day [1] - Among the tradable stocks, 252 stocks closed higher, accounting for 92.31% of the total, while 20 stocks closed lower [1] Stock Performance - Notable gainers included Naconor, Bettery, and Yuanhang Precision, with increases of 19.64%, 19.03%, and 14.31% respectively [1] - The stocks that experienced the largest declines were Hongzhi Technology, Hengjin Induction, and Taihu Snow, with decreases of 15.47%, 6.84%, and 4.30% respectively [1] Trading Activity - A total of 160 stocks had transaction values exceeding 10 million yuan, with Bettery, Naconor, and Derui Lithium leading at 1.501 billion yuan, 0.951 billion yuan, and 0.703 billion yuan respectively [1] - The trading activity was high, with 97 stocks having a turnover rate exceeding 10%, and 24 stocks exceeding 20% [1] Notable Stocks - Bettery (code: 835185) closed at 32.96 yuan with a rise of 19.03% and a turnover rate of 4.41% [1] - Naconor (code: 832522) closed at 72.14 yuan with a rise of 19.64% and a turnover rate of 11.10% [1] - Derui Lithium (code: 833523) closed at 36.99 yuan with a rise of 5.14% and a turnover rate of 24.09% [1]

Core Insights - The North Stock Exchange 50 Index experienced a significant intraday increase of over 4% [1] - Companies such as Better Ray (贝特瑞) saw their stock prices rise by more than 19% [1] - Naconor (纳科诺尔) and Andar Technology (安达科技) also reported substantial gains, with increases of over 14% and 11% respectively [1]

Core Viewpoint - Solid-state batteries are expected to become the next generation of lithium battery technology due to their high safety and energy density, with significant investment opportunities arising from technological breakthroughs and industrial transformation [2][4]. Group 1: Market Demand and Projections - The commercialization of solid-state batteries is accelerating due to policy support, market demand, and technological breakthroughs, with a projected global shipment of 808 GWh by 2030 [4][10]. - By 2030, the demand for semi-solid-state batteries is expected to exceed 650 GWh, with specific demands from power, energy storage, EVTOL, and consumer electronics at 466 GWh, 90 GWh, 60 GWh, and 36 GWh respectively [10]. - Full solid-state batteries are anticipated to achieve small-scale production by 2027 and commercial production by 2030, with a demand forecast of over 150 GWh [10]. Group 2: Material Innovations - The solid-state battery technology is converging towards the sulfide electrolyte route, which currently has high costs but significant cost reduction potential with scale [5][12]. - The long-term focus for anode materials is shifting towards lithium metal due to its high capacity and low electrode potential, with ongoing advancements in production methods [25][27]. - The cathode materials are expected to transition from high-nickel ternary materials to lithium-rich manganese-based materials, which offer high capacity and lower costs [23]. Group 3: Equipment and Manufacturing Processes - The value of equipment for solid-state batteries is significantly increasing due to the introduction of new processes and equipment in both the front and mid-stages of production [6][29]. - The front-end production requires dry electrode processes that are more compatible with sulfide electrolytes, enhancing production efficiency and reducing costs [30][32]. - The mid-stage production will replace winding with stacking processes, necessitating new equipment such as glue frame printing and isostatic pressing to ensure tight contact between solid electrolyte and electrodes [31][39]. Group 4: Competitive Landscape - Various companies are advancing their production capabilities for solid-state battery components, including sulfide and halide electrolytes, with significant investments in R&D and production lines [22][20]. - Companies like Ganfeng Lithium and Tianqi Lithium are focusing on lithium metal anodes, while others are developing advanced manufacturing techniques for solid-state batteries [27][26]. - The industry is witnessing a shift towards more efficient and cost-effective production methods, with several firms already implementing dry processing technologies [36][41].

Group 1 - The article provides a ranking of open-end funds based on their net asset value growth as of September 4, 2025, highlighting the top 10 funds with the highest growth rates [2][3] - The top-performing funds include Tongtai Kaitai Mixed C, Tongtai Kaitai Mixed A, Xinghua Jingcheng Mixed A, and others, with notable net values such as 1.0556 for Tongtai Kaitai Mixed C and 1.2152 for Xinghua Jingcheng Mixed A [2] - Conversely, the bottom-performing funds include Nordex New Trend C and E Fund Rui Xiang Mixed I, with significant declines in net values, such as 0.9604 for Nordex New Trend C and 5.4929 for E Fund Rui Xiang Mixed I [4] Group 2 - The market analysis indicates a downward trend in the Shanghai Composite Index and a significant drop in the ChiNext Index, with a total trading volume of 2.58 trillion yuan and a decline in the number of rising stocks compared to falling stocks [6] - Leading sectors include tourism and daily chemicals, which saw increases of over 2%, while semiconductor and communication equipment sectors experienced declines of over 4% [6] - The fund with the fastest net value growth is identified as Tongtai Kaitai Mixed C, while the fund with the poorest performance is Nordex New Trend C [6]

Market Overview - On September 4, the total trading volume of stocks on the Beijing Stock Exchange reached 1.67 billion shares, with a total transaction value of 37.974 billion yuan, an increase of 5.949 billion yuan compared to the previous trading day [1] - A total of 191 stocks closed higher, accounting for 69.96% of the tradable stocks, with notable gainers including Hongzhi Technology, Gaisi Food, and Zhongke Meiling, which rose by 21.92%, 16.36%, and 15.85% respectively [1] Stock Performance - Among the stocks with significant trading volume, Beitri, Derui Lithium, and Naconoer had transaction values of 793 million yuan, 755 million yuan, and 614 million yuan respectively [1] - The trading activity showed that 128 stocks had transaction values exceeding 10 million yuan, indicating a robust trading environment [1] Trading Metrics - The turnover rate for stocks on the exchange was notably high, with 74 stocks having a turnover rate exceeding 10%, and 20 stocks exceeding 20% [1] - The stocks with the highest turnover rates included Zhongke Meiling at 54.90%, Gaisi Food at 43.43%, and Wuhan Land Electric at 37.18% [1] Notable Stock Movements - Stocks that experienced significant price changes included: - Beitri: Closed at 27.69 yuan, up 1.24% with a turnover rate of 2.54% [1] - Derui Lithium: Closed at 35.18 yuan, up 3.47% with a turnover rate of 25.73% [1] - Naconoer: Closed at 60.30 yuan, down 3.30% with a turnover rate of 7.51% [1] - Hongzhi Technology: Closed at 28.37 yuan, up 21.92% with a turnover rate of 20.90% [1] - Gaisi Food: Closed at 15.36 yuan, up 16.36% with a turnover rate of 43.43% [1]

Group 1 - In the past month (from August 5 to September 4), 65 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Naconor being the most popular, receiving attention from 114 institutions [1][2] - The types of institutions conducting the research included 64 brokerages, 50 funds, 47 private equity firms, 35 insurance companies, and 8 overseas institutions [1] - The companies that received the most institutional attention after Naconor were Kelong New Materials, Tonghui Electronics, and Jianbang Technology, with 67, 65, and 62 institutions participating in their investigations, respectively [1] Group 2 - Kelong New Materials, Tongli Co., and Mingyang Technology had the highest frequency of institutional investigations, each receiving two investigations [2] - Companies that were investigated by institutions saw an average stock price increase of 7.63% over the month, with 41 stocks rising, including Haineng Technology, Zhuozhao Point Glue, and Huami New Materials, which increased by 52.93%, 52.37%, and 46.38%, respectively [2] - The average market capitalization of all companies on the BSE was 3.318 billion yuan, while the average market capitalization of the companies that were investigated was 4.078 billion yuan [2] Group 3 - The top companies by the number of institutions investigating them included Naconor (114), Kelong New Materials (67), and Tonghui Electronics (65) [2][3] - The average daily turnover rate for the investigated companies was 6.43%, with the highest turnover rates for Huami New Materials (13.07%), Zhuozhao Point Glue (12.74%), and Tiangong Co. (12.61%) [2] - The companies with the highest market capitalization among those investigated included Better Battery, Tiangong Co., and Tongli Co. [2] Group 4 - The investigation data also highlighted companies like Haineng Technology, which saw a stock price increase of 52.93%, and Zhuozhao Point Glue, which increased by 52.37% [2][3] - Other notable companies included Beitery, which had a stock price increase of 23.95%, and Tiangong Co., which had a stock price increase of 1.50% [3][4] - The report included a detailed list of companies, their respective number of institutional investigations, stock prices, and percentage changes in stock prices [3][4]

Core Viewpoint - The increase in institutional research activity on the Beijing Stock Exchange (BSE) is driven by a favorable A-share market and the recent disclosure of half-year reports by listed companies, leading to heightened interest from various types of investors [1][2]. Group 1: Institutional Research Activity - Since August, 68 listed companies on the BSE have announced a total of 77 research records, with brokerages, funds, private equity firms, and venture capital companies being the main participants [1]. - The high proportion of institutional visits indicates a clear professional and institutional characteristic of the BSE, positioning it as an important allocation direction for institutional investors [1]. Group 2: Company Performance and Focus Areas - Companies in the consumer and high-end manufacturing sectors are particularly favored by research institutions, with Taihu Snow receiving three research visits from over 40 institutions focusing on sales driven by national subsidy policies and online channel strategy adjustments [1]. - Star Technology's servo system reported a 228.42% year-on-year increase in net profit attributable to shareholders in the first half of the year, marking the highest profit level since its listing, driven by growth in the new energy and military sectors [3]. Group 3: Market Trends and Future Outlook - The BSE's deepening reform policies are attracting more institutional investors, with an increasing number of high-quality small and medium-sized enterprises emerging, providing a rich resource for institutional research [2]. - The strong revenue growth and high net profit margins of BSE-listed companies reflect robust growth resilience, particularly in sectors like new energy, new materials, and high-end equipment manufacturing [4]. - The investment value of the BSE is expected to become more prominent as more quality companies list, with a potential for significant differentiation among individual stocks based on technological barriers and strong performance [4].

Core Viewpoint - Solid-state batteries are considered the ultimate form of next-generation power batteries, with significant performance and safety potential attracting global automotive and battery giants to compete in this field. However, a key manufacturing bottleneck exists in achieving a solid-solid interface contact between the electrodes and electrolytes, which is crucial for mass production [2][18]. Group 1: Overview of Isostatic Pressing Technology - Isostatic pressing technology has been successfully applied for over 70 years in various industries, including ceramics and alloy materials [5][8]. - The technology utilizes the incompressibility of fluid media to uniformly apply pressure, facilitating the densification of materials [9][10]. - There are three types of isostatic pressing based on the temperature and forming process: cold, warm, and hot isostatic pressing, each with different applications and performance characteristics [12][13]. Group 2: Application in Solid-State Batteries - The introduction of isostatic pressing in solid-state batteries primarily addresses the densification stage after electrode formation, enhancing the contact quality between the electrolyte and electrodes [18][22]. - Isostatic pressing significantly improves the interface density, reduces internal resistance, and enhances ionic conductivity and cycle performance, making it a core process for achieving high energy density and stability in batteries [25][26]. Group 3: Industry Challenges and Opportunities - Current challenges for isostatic pressing equipment include safety concerns, low production capacity, and high costs, which hinder its integration into high-speed production lines [4][17]. - The global market for isostatic pressing equipment in solid-state battery production is projected to reach 2.9 billion by 2029, driven by the anticipated growth in solid-state battery capacity [47][48]. Group 4: Key Players and Developments - Major players in the isostatic pressing equipment market include Quintus, Xinxin Technology, and domestic manufacturers like Chuanxi Machinery and Baotou Kefa, all of which are advancing their technology for solid-state battery applications [38][39][40]. - Battery manufacturers such as CATL and BYD are actively validating and integrating isostatic pressing technology into their production processes, accelerating the industrialization of solid-state batteries [40][41]. Group 5: Future Prospects - The solid-state battery industry is expected to complete pilot testing by 2025, with small-scale production commencing in 2026-2027, leading to large-scale manufacturing by 2028-2029 [47][48]. - The anticipated increase in global solid-state battery capacity from 17 GWh in 2024 to 190 GWh by 2029 will significantly drive demand for isostatic pressing equipment [47][48].