Core Viewpoint - The major shareholder, Wuxu No. 15 Fund, has completed its share reduction plan, selling a total of 4.4994 million shares, which represents 2.6459% of the total share capital [1] Group 1: Shareholder Actions - Wuxu No. 15 Fund reduced its holdings from 9.3561 million shares (6.20%) to 4.8567 million shares (2.86%) [1] - The reduction was executed through centralized bidding and block trading, with 1.5004 million shares and 2.999 million shares sold respectively [1] Group 2: Impact on Company - The share reduction did not exceed the planned amount and will not lead to a change in company control [1] - There is no significant impact on the company's operations as a result of this share reduction [1]

证券代码：300473 证券简称：德尔股份 公告编号：2026-003 阜新德尔汽车部件股份有限公司 关于股东股份减持计划实施完成的公告 公司股东上海戊戌资产管理有限公司-戊戌价值15号私募证券投资基金保证 向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 2、本次实际减持股份 4,499,400 股，减持股数不超过本次减持计划数量（450 万股），实际减持 比例为 2.6459%，减持比例不超过本次减持计划中占公司总股本比例（2.98%），本次减持计划实施完毕。 3、表中数值若出现总数与各分项数值之和尾数不符的情况，均为四舍五入原因造成。 （二）股东本次减持前后持股情况 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 阜新德尔汽车部件股份有限公司（以下简称"公司"）于 2025 年 12 月 4 日 披露了《关于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-080）， 公司持股 5%以上的股东上海戊戌资产管理有限公司-戊戌价值 15 号私募证券投 资基金（以下简称"戊戌 15 号基金"）计划自减持预披露公告之日起 15 个交易 日后的三个月内 ...

1月21日，德尔股份大宗交易成交30.5万股，成交额799.1万元，占当日总成交额的4.58%，成交价26.2 元，较市场收盘价33.32元折价21.37%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2026-01-21 | 300473 | 德尔股份 | 26.20 | 10.00 | 262.00 中信证券股份有限 | 国泰海通证券股份 | | | | | | | 公司常熟演师北路 | 有限公司上海浦东 | | | | | | | 证券营业部 | 新区东省路证券营 | | | | | | | | 业部 | | 2026-01-21 | 300473 | 德尔股份 | 26.20 | 20.50 | 537.10 中国中金财富证券 | 国泰海通证券股份 | | | | | | | 有限公司杭州江河 | 有限公司上海浦东 | | | | | | | 汇证券营业部 | 新区东育路证券 ...

Summary of Key Points Core Viewpoint - On January 20, Del Shares conducted a block trade of 890,000 shares, amounting to 23.407 million yuan, which represented 11.18% of the total trading volume for the day. The transaction price was 26.3 yuan, reflecting a discount of 19.67% compared to the market closing price of 32.74 yuan [1]. Group 1: Transaction Details - The block trade involved a total of 890,000 shares at a price of 26.3 yuan per share [2]. - The total transaction value was 23.407 million yuan [1]. - The transaction price was significantly lower than the market closing price, indicating a discount of 19.67% [1]. Group 2: Trading Volume and Participants - The trading volume for the block trade was 789,000 shares from Guotai Junan Securities, with additional volumes from other firms such as China International Capital Corporation and Haitong Securities [2]. - The block trade included multiple transactions with various brokerage firms, indicating a diverse participation in the trade [2].

证券日报网讯 1月19日，德尔股份发布公告称，公司第五届董事会第十八次会议审议通过《关于公司发 行股份募集配套资金相关授权的议案》《关于开立募集资金专项账户并授权签订募集资金监管协议的议 案》。 （编辑 袁冠琳） ...

为确保本次发行的顺利进行，董事会同意在本次发行过程中，如按照竞价程 序簿记建档后确定的发行股数未达到认购邀请文件中拟发行股票数量的 70%，授 权公司董事长及其授权的指定人员经与主承销商协商一致后，可以在不低于发行 底价的前提下，对簿记建档形成的发行价格进行调整，直至满足最终发行股数达 到认购邀请文件中拟发行股票数量的 70%；公司和主承销商有权按照经公司董事 长及其授权的指定人员调整后的发行价格向经确定的发行对象按照相关配售原 则进行配售；如果有效申购不足，可以决定是否启动追加认购及相关程序。 审议结果：7 票同意；0 票反对；0 票弃权，通过。 证券代码：300473 证券简称：德尔股份 公告编号：2026-002 阜新德尔汽车部件股份有限公司 第五届董事会第十八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 阜新德尔汽车部件股份有限公司（以下简称"公司"）于 2026 年 1 月 19 日 在公司会议室以现场及通讯表决的方式召开了第五届董事会第十八次会议，公司 于 2026 年 1 月 16 日以邮件的方式通知了全 ...

Group 1 - The core viewpoint of the news is that Del Shares has seen a significant increase in stock price, rising by 5.22% to 33.45 CNY per share, with a trading volume of 262 million CNY and a turnover rate of 5.30%, resulting in a total market capitalization of 5.688 billion CNY [1] - Del Shares, established on November 12, 2004, and listed on June 12, 2015, specializes in the research, production, and sales of automotive components, including steering pumps, gear pumps, automatic transmission oil pumps, electric power steering system (EPS) motors, hydraulic pumps, and keyless entry and start systems [1] - The main business revenue composition includes noise reduction, thermal insulation, and lightweight products at 73.77%, motors, pumps, and mechanical pumps at 24.42%, electronic control and automotive electronics at 1.07%, and others at 0.73% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under China Merchants Fund, specifically the China Merchants Quantitative Selected Stock A (001917), has entered the top ten circulating shareholders with 970,000 shares, accounting for 0.64% of the circulating shares, and has made an estimated profit of approximately 1.6102 million CNY today [2] - The China Merchants Quantitative Selected Stock A fund was established on March 15, 2016, with a latest scale of 3.663 billion CNY, achieving a year-to-date return of 4.74%, ranking 2889 out of 5531 in its category, and a one-year return of 49.46%, ranking 1367 out of 4215 [2]

Core Viewpoint - The solid-state battery sector is experiencing significant growth, driven by favorable policies and technological advancements, positioning it as a key focus area in the market. Group 1: Market Performance - The battery and solid-state battery sectors are leading the market, with notable stock performances from companies like Xianhui Technology, which rose by 11.59%, and Huayou Cobalt, which increased by over 7% [1][2]. - Key companies in the industry, including CATL and Yiwei Lithium Energy, also saw upward movements, indicating a strong response across the supply chain [1]. Group 2: Policy Support - The Ministry of Industry and Information Technology emphasizes accelerating breakthroughs in solid-state battery technology, highlighting a collaborative effort between national and local governments to enhance the supply chain's self-sufficiency [3]. - Local governments are integrating solid-state batteries into their industrial strategies, with regions like Jiangxi and Chongqing focusing on advancing core technologies in this field [3]. Group 3: Technological Advancements - Companies are rapidly advancing their solid-state battery technologies, with Weichai Power announcing successful laboratory research on sulfide solid-state batteries and plans for industrialization [4]. - Jinlongyu is investing 1.2 billion yuan to establish a production line for solid-state batteries, while Haopeng Technology aims for mass production of solid-state batteries by 2025 [4]. Group 4: Market Potential - Solid-state batteries are expected to penetrate various sectors, including electric vehicles, energy storage, aerospace, and consumer electronics, due to their performance advantages over traditional lithium-ion batteries [6]. - TrendForce forecasts that the global demand for solid-state batteries will exceed 206 GWh by 2030 and further expand to over 740 GWh by 2035, indicating a transition to large-scale applications [6]. Group 5: Industry Growth Outlook - Analysts are optimistic about the growth potential of the solid-state battery supply chain, with expectations of high demand driven by the increasing sales of electric vehicles [6][7]. - The period from 2027 to 2030 is identified as a critical window for the industrialization of solid-state battery technologies, with equipment manufacturers likely to benefit first from this growth [7].

Summary of Solid-State Battery Industry Conference Call Industry Overview - The solid-state battery sector is expected to show growth momentum after 2026, driven by major manufacturers' tenders and automotive road tests, with clearer technical solutions and cost reduction paths, supported by policies from the Ministry of Industry and Information Technology [1][3] - The commercialization of hybrid solid-liquid batteries is progressing positively, with companies like Delong and Hongqi collaborating, and Jinlongyu planning to establish a 2GWh production line targeting clients in drones and energy storage [1][4] - Pure solid-state batteries are currently focused on road testing and detection, with an emphasis on the demand expansion and value enhancement of materials such as lithium sulfide and lithium metal anodes [1][4] Key Developments - The solid-state battery sector has transitioned from speculative trading to policy-driven growth since Q2 2025, forming a more certain market space [3] - Significant developments include the Ministry of Industry and Information Technology emphasizing breakthroughs in solid-state battery technology in its 14th Five-Year Plan, and advancements in electrolyte technology reducing costs by over 95% [3] - Major automotive manufacturers are advancing high-energy products testing, and lithium sulfide production capacity is ramping up, clarifying technical and cost pathways [3] Commercialization Progress - The commercialization of hybrid solid-state batteries is expected to become clearer in 2026, with companies like Delong and Jinlongyu making significant strides [4] - The lithium sulfide supply chain has seen multiple companies establish production lines exceeding 100 tons, entering cost reduction phases [4] Electrolyte Development - The electrolyte segment has seen several companies establish production lines exceeding 100 tons, with traditional lithium battery leaders also exploring this area [5] - This segment is viewed as having significant potential for investment, given its value-doubling materials and alignment with long-term solid-state battery development [5] Anode-Free Solutions - Anode-free solutions are gaining attention, with companies like Zhongyin Technology and Hailiang collaborating with major clients to reserve production capacity [6] - The low-cost solutions being developed by the team from the University of Science and Technology of China may present investment opportunities [7] Material Segments to Watch - Other material segments worth monitoring include cathode materials, aluminum-plastic films, and nickel-iron current collectors, which are expected to gain traction during the new technology iteration cycle [8] - Companies like Shanghai Xiba and Xiamen Tungsten New Energy are well-positioned in the lithium sulfide sector, and those with strong client relationships, such as Guoci Dangsheng, are also recommended for investment [8] Industry Expansion Forecast - The lithium battery industry's expansion forecast for 2026 is significantly higher than previous estimates, with actual production expected to exceed 1,000GWh, up from earlier predictions of around 700GWh for 2025 [9] Equipment Company Performance - Lithium battery equipment companies are currently experiencing full order books, with many increasing their workforce to meet demand [10] - Some companies are raising prepayment and shipping ratios, with some orders reaching 70% to 80% prepayment, indicating high industry prosperity [10][11] Impact on Traditional Lithium Equipment Companies - The development of solid-state batteries presents valuation enhancement opportunities for traditional lithium equipment companies, which are involved in the construction of solid-state pilot lines [12] - Key segments include complete lines, dry processes, and isostatic pressing, with companies like Xian Dao Intelligent and Naco showing strong performance [12][13] Future Outlook for Equipment Companies - By 2026, it is expected that most lithium equipment companies will see increases in both order volume and net profit, with solid-state technology advancements likely to further enhance valuations [14]

Group 1 - The core viewpoint of the article highlights that Del Shares has achieved stable growth in performance, aligning with its development strategy and operational goals [2] - For the first three quarters of 2025, the company reported an operating income of 3.642 billion yuan, representing a year-on-year increase of 7.67% [2] - The net profit attributable to the parent company reached 79.2304 million yuan, showing a significant year-on-year growth of 228.13% [2]