Group 1 - The core point of the article is that Jiuri New Materials (688199.SH) has announced that its affiliated company, Tianjin Plana Nano Technology Co., Ltd., is conducting research and development related to solid-state batteries [1] Group 2 - The company is actively involved in the emerging field of solid-state battery technology, which is significant for advancements in energy storage solutions [1]

Group 1 - The core point of the article is that Jiuri New Materials (688199.SH) has announced that its affiliated company, Tianjin Plana Nano Technology Co., Ltd., is engaged in research and development related to solid-state batteries [1]

Summary of Solid-State Battery and UV Adhesive Market Outlook Industry Overview - The focus is on the solid-state battery industry, particularly in China, with comparisons to Japan's Toyota [1][2] - The development of solid-state batteries in China is primarily in semi-solid or solid-liquid hybrid forms, indicating a gap in technology compared to global leaders [1][2] Key Points and Arguments - **R&D Investment and Policy Support**: There is a need for increased R&D investment and policy support to catch up with international competitors, particularly Toyota, which has already achieved installation conditions for solid-state batteries [1][2] - **Production Timeline**: Large-scale production of solid-state batteries is expected to begin after 2030, with installation validation planned between 2027 and 2030 [1][2] - **UV Adhesive Usage**: UV adhesive is being explored as a replacement for blue film in solid-state battery cathode materials, despite challenges related to cost, environmental impact, and long-term performance validation [1][4] - **Material Estimates**: The estimated usage of materials for solid-state batteries is between 1,500 to 1,800 tons per MWh, accounting for less than 5% of total usage, with a value estimate of approximately 144 million yuan per MWh based on a material price of 80,000 yuan per ton [1][6] - **Collaboration with Companies**: The company collaborates with Matsui, Company C, and Deno Laser in solid-state battery R&D, utilizing laser grooving technology combined with UV adhesive for improved precision and reliability [1][7] Technical Challenges - **Scientific and Technical Issues**: While scientific questions have been resolved, technical challenges such as sulfide preparation, interface stability, and performance metrics like cycle life and fast charging still need to be addressed [2][3][15] - **Production Capacity**: Current production capacity for UV adhesive is limited, with only three production lines capable of producing 2-4 GWh each [4][5] Market Dynamics - **Cost Comparison**: Solid-state batteries are projected to cost at least twice as much as conventional liquid batteries, with a 15%-20% premium even after scaling up production [2][16] - **Initial Applications**: Initial applications for solid-state batteries may include humanoid robots and aircraft, where performance is prioritized over cost [18] Competitive Landscape - **Leading Companies**: Companies like Toyota, Qingtai, NIO, and others are noted as leaders in the solid-state battery space, with specific mention of startups excelling in sulfide solid-state technology [2][13][21] - **Supplier Relationships**: The company has established relationships with suppliers for UV adhesive, including domestic and some overseas manufacturers, with a focus on high-end automotive applications [14] Future Outlook - **Performance Expectations**: Solid-state batteries are not expected to surpass other battery types within the next three years due to limitations in cycle life and fast charging capabilities [17] - **Collaborative Efforts**: Ongoing collaborations with Tesla and other companies are aimed at developing customized solutions to meet specific performance and design requirements [19][20]

证券日报网讯宁德时代（300750）7月31日发布公告，在公司回答调研者提问时表示，公司非常重视固 态电池，在固态电池领域已有10余年的研发积累，目前已组建了业内领先的研发团队，加大固态电池领 域的投入，技术始终处于行业领先地位。目前，固态电池行业的科学问题已经基本解决，还有一些工程 问题，离包括供应链在内的商业化还有一段距离。 ...

Core Viewpoint - Ningde Times reported strong financial performance in the first half of 2025, with significant growth in revenue and net profit, while also highlighting advancements in solid-state battery technology and ongoing global expansion efforts [2][7]. Financial Performance - The company achieved a total revenue of 178.9 billion RMB, representing a year-on-year increase of over 7.2% [7]. - Net profit reached 30.5 billion RMB, showing a year-on-year growth of over 33% [7]. - The gross profit margin exceeded 25.0%, an increase of 1.8 percentage points compared to the previous year [7]. - Operating cash flow amounted to 58.69 billion RMB [7]. Market Position - Ningde Times maintained a leading position in the global power battery and energy storage battery markets, with a market share of 38.1% in the power battery sector for the first five months of 2025, an increase of 0.6 percentage points from the same period in 2024 [7]. - In the energy storage sector, the company ranked first globally in production volume for the first half of 2025 [7]. - The company has cumulatively installed approximately 20 million power batteries and applied energy storage batteries in over 2,000 projects globally [7]. Shareholder Returns - The company announced a mid-year dividend plan, distributing 10.07 RMB per 10 shares (including tax), totaling approximately 4.573 billion RMB [8]. Research and Development - Ningde Times has established six major R&D centers globally, with a research team exceeding 21,000 members [10]. - The company has applied for nearly 50,000 patents, with 29,709 in China and 19,638 overseas [10]. - Significant breakthroughs include the second-generation "Shenxing" battery, which offers over 800 km range and peak charging capability, and the sodium-ion battery, which is the first to be mass-produced [10]. Strategic Initiatives - The company is advancing its battery swapping solutions, with over 300 battery swap stations built in the first half of 2025 [11]. - Strategic partnerships with Sinopec and NIO are being leveraged to create an efficient national energy supplement network [11]. - Ningde Times is also progressing on overseas projects in Hungary, Spain, and Indonesia to meet increasing global demand [12][13]. Sustainability Efforts - The company is committed to a "zero carbon" strategy, having reduced carbon emissions by 51,000 tons of CO2 equivalent during the reporting period [13]. - The German facility has achieved carbon neutrality, increasing the total number of zero-carbon factories to 10 [13].

Core Viewpoint - The significant change in the controlling stake of Funeng Technology (孚能科技) has occurred, with Guangzhou Industrial Investment Holding Group becoming the new controlling shareholder, indicating a shift towards state-owned enterprise support for the company [1][5]. Shareholder Changes - Funeng Technology's share transfer agreement has been completed, resulting in Guangzhou Industrial Investment Holding Group and its affiliates holding a total of 172 million shares, accounting for 14.1550% of the company's total equity [2]. - The transfer involved a total of 61.105 million shares, representing a 5% stake, from Hong Kong Funeng and its affiliates to Guangzhou Industrial Investment Holding Group and its affiliates [2]. Company Background - Founded in 2009 in Ganzhou, Funeng Technology is a leading manufacturer of soft-pack power and energy storage batteries in China, recognized as one of the first companies to achieve mass production of ternary soft-pack power batteries [4]. - The company has faced significant financial challenges since its IPO in 2020, accumulating losses of 4 billion yuan over four years, with a current stock price around 12.4 yuan per share [4][8]. Financial Performance - Funeng Technology's revenue increased from 3.5 billion yuan in 2021 to 16.436 billion yuan in 2023, but net profits have consistently declined, with losses of 9.53 billion yuan in 2021, 9.27 billion yuan in 2022, and 18.68 billion yuan in 2023 [8]. - In the first three quarters of 2024, the company reported revenue of 9.212 billion yuan, a year-on-year decrease of 17.98%, while net losses narrowed to 304 million yuan, a year-on-year increase of 80.57% [8]. Future Prospects - With the entry of state-owned capital, there is potential for Funeng Technology to revitalize its operations, particularly in solid-state battery research and development, which may receive new funding support [9]. - The collaboration with Guangzhou Industrial Investment Holding Group could enhance synergies across the electric vehicle supply chain, potentially facilitating Funeng Technology's international expansion [9].