Event Overview - The CINE2025 Solid-State Battery Exhibition and CINE2025 Sodium Battery Exhibition will take place from November 6 to November 8, 2025, at the Guangzhou Nansha International Convention Center [1][2] - The event will feature over 200 exhibitors and 20,000 professional attendees [2] Forum and Awards - Concurrent forums include the 2025 Starting Point Sodium Battery Annual Conference and the Sodium Battery Golden Ding Award Ceremony on November 6-7, 2025, and the 2025 Starting Point Solid-State Battery Annual Conference and Solid-State Battery Golden Ding Award Ceremony on November 8, 2025 [1][2] Exhibitor and Sponsor Information - The first batch of exhibitors and sponsors includes companies such as JinNa Technology, Weike Technology, and Rongjie Energy among others [1] Registration and Fees - Exhibition booth fees range from 15,000 RMB for a 9 square meter standard booth to 48,000 RMB for a 36 square meter special booth [6] - Conference registration fees are 2,888 RMB per person for the Sodium Battery Annual Conference and 1,688 RMB per person for the Solid-State Battery Annual Conference [6] Contact Information - For inquiries regarding exhibition and sponsorship, contact Mr. Qiu at 18938023176 [7] - For media cooperation, contact Ms. Huang at 18938906714 [8]

Investment Rating - The report maintains a "Buy" rating for Rongbai Technology [1] Core Views - The company is expected to see a significant increase in new product output, particularly in the ternary materials segment, with new products set to launch in 2026 [8] - Despite a challenging Q3 performance, the company is projected to recover profitability as new products ramp up production and operational efficiency improves [8] - The report highlights the company's advancements in lithium iron phosphate and sodium-ion battery technologies, which are expected to contribute to revenue growth in the coming years [8] Financial Performance Summary - For 2023, total revenue is projected at 22.657 billion yuan, a decrease of 24.78% year-on-year, with a net profit of approximately 580.91 million yuan, down 57.07% [1] - The forecast for 2025 indicates a total revenue of 12.433 billion yuan, with a net loss of 188.80 million yuan, reflecting a significant decline in profitability [1] - By 2027, revenue is expected to rebound to 29.125 billion yuan, with net profit projected at 806.18 million yuan, indicating a recovery trend [1] Sales and Production Insights - Ternary material sales for Q1-Q3 2025 were approximately 71,000 tons, down about 20% year-on-year, with Q3 sales at around 21,000 tons, a decrease of 15% from the previous quarter [8] - The company anticipates ternary material shipments to reach 100,000 tons in 2025, with a potential increase to 140,000 tons in 2026 as new products are introduced [8] Cost and Expense Analysis - The gross margin for Q3 2025 was reported at 4.3%, down 6.8 percentage points year-on-year, indicating pressure on profitability [8] - Operating expenses increased to 10.9% in Q3 2025, reflecting a rise in costs associated with new business initiatives [8] Future Outlook - The report projects a gradual recovery in profitability starting in 2026, with net profit expected to reach 453 million yuan, followed by 806 million yuan in 2027 [8] - The company is expected to benefit from its overseas expansion and the competitive advantages of its new business segments [8]

Group 1 - The CINE Solid-State Battery Exhibition and CINE Sodium Battery Exhibition is the first professional exhibition focusing on the entire industry chain of new battery technologies, scheduled for November 6-8, 2025, in Guangzhou, with over 200 exhibitors and 20,000 professional attendees expected [2] - The event will feature a new battery technology forum with nine specialized sessions and the prestigious Solid-State Battery Golden Ding Award ceremony [2] - Hunan Jidian Technology Co., Ltd. will showcase its latest products at the CINE Solid-State Battery Exhibition, with booth number B01 [3] Group 2 - Hunan Jidian Technology Co., Ltd. is a high-tech enterprise focused on the research, production, and industrialization of energy carbon materials, led by a top professor team from Hunan University [6] - The company employs advanced technologies in hard carbon and porous carbon to promote the battery industrialization process, providing high-performance, low-cost, and sustainable solutions for the global new energy industry [6] Group 3 - The company's product JD-1 has a specific capacity of 299 mAh/g and a first efficiency of 89.5%, suitable for large-scale energy storage [9] - The JD-2 model has a specific capacity of 302 mAh/g and a first efficiency of 90.1%, designed for start-stop power sources and two-wheeled electric vehicles [11] - The JD-3 high-Q model features a specific capacity of 305 mAh/g and a first efficiency of 90.3%, intended for power batteries [15]

Core Viewpoint - CATL, as a global leader in energy storage batteries, continues to achieve record growth, with its latest market capitalization reaching 1.68 trillion CNY in A-shares and 2.35 trillion HKD in H-shares [3] Group 1: Recent Developments - On September 15, CATL issued a large order of 157,500 tons of lithium iron phosphate materials to Longpan Technology, followed by three major cooperation agreements signed within two days, focusing on project implementation, partnerships with state-owned enterprises, and deepening collaborations with automotive companies [3] - On September 17, 18 projects were signed in Ningde City with a total investment of 24.58 billion CNY, including multiple projects by CATL, amounting to an investment of 8.5 billion CNY [5][6] - The new generation of energy battery production line project will be located in the Jiaoqu District, covering approximately 900 acres, with a planned total investment of 6.5 billion CNY and an annual planned capacity of 40 GWh, expected to achieve an annual output value of approximately 20 billion to 25 billion CNY upon full production [6] Group 2: Strategic Partnerships - On September 17, CATL signed a strategic cooperation agreement with China Huaneng, focusing on product manufacturing, renewable energy, energy storage construction and operation, research innovation, and nuclear power industry [10][11] - China Huaneng, a major state-owned enterprise, has seen its renewable energy installed capacity exceed 95 million kW, with low-carbon clean energy accounting for 51.8% of its total installed capacity [11] - The collaboration aims to integrate nuclear power and battery storage, creating new application scenarios and enhancing energy technology development [12] Group 3: Collaboration with Automotive Industry - On September 18, CATL and Li Auto signed a five-year comprehensive strategic cooperation agreement, focusing on battery safety and ultra-fast charging technology [13] - CATL will provide high-performance battery systems for all Li Auto products, including ternary lithium batteries, M3P batteries, lithium iron phosphate batteries, and sodium-ion batteries [14] - As of now, CATL remains the primary supplier for Li Auto, with over 74% of the installed capacity from January to July being provided by CATL [14]

Core Insights - Guoxuan High-Tech reported a revenue of 19.394 billion yuan for the first half of 2025, a year-on-year increase of 15.48%, and a net profit of 367 million yuan, up 35.22% [1] - The company announced new expansion plans, including a 20GWh lithium-ion battery manufacturing base in Nanjing and a 20GWh new energy battery base in Wuhu, with each project investment not exceeding 4 billion yuan [1] - The company achieved a significant milestone by surpassing 10.338 billion yuan in quarterly revenue for Q2, marking the first time it crossed the 10 billion yuan threshold in a single quarter [1] Financial Performance - The operating cash flow for the first half of 2025 was 325 million yuan, reflecting an 80.35% year-on-year increase, indicating strong cash generation capabilities [1] - The second quarter alone saw a net profit of 266 million yuan, the highest in nearly seven years for that quarter [1] - The revenue from the power battery segment was 14.034 billion yuan, a 19.94% increase year-on-year, accounting for 73.37% of total revenue [1] Market Position - Guoxuan High-Tech's power battery installation volume increased by 85.2% year-on-year, achieving a global market share of 3.6%, up 1 percentage point from the previous year [2] - In the domestic market, the company's power battery market share rose to 5.18%, ranking fourth [2] Product Development - The company ranked seventh globally in energy storage battery shipments for the first half of 2025, with a focus on optimizing its customer base [3] - Guoxuan High-Tech has entered the small power battery sector, signing a cooperation agreement to accelerate innovation and market development in this area [3] - The company maintained a high R&D intensity, with R&D investment of 1.382 billion yuan, a 13.34% increase year-on-year, representing 7.12% of total revenue [3] Technological Advancements - Guoxuan High-Tech launched six new products at the 2025 Global Technology Conference, including second-generation all-solid-state batteries and G-Yuan quasi-solid-state batteries [4] - The first all-solid-state battery pilot line has been established with a design capacity of 0.2GWh, achieving 100% independent development of the production line [4] - The G-Yuan quasi-solid-state battery has an energy density of 300Wh/kg, enhancing the range of electric vehicles to 1000 kilometers [4]

Core Viewpoint - The company has accumulated significant technical experience in liquid cooling system interface materials, sealing devices, and fluid control during the development of thermal management systems for leading enterprises in the new energy sector [1] Group 1 - The company has obtained patents for "phase change insulation film, its preparation method, and liquid cooling plate" [1] - The company's related business is primarily focused on the new energy battery field [1]

Group 1 - The article discusses the recent announcements of two solid-state battery projects in China, highlighting the growing interest and investment in this technology [2] - An important project is initiated by Zhejiang Angote Electric Technology Co., Ltd., with a total investment of 2.12 billion yuan, aiming to establish a production base for solid-state batteries with an annual capacity of 3.5 GWh over five years [3] - The first phase of Angote's project, located in Tonglu Economic Development Zone, will involve an investment of 280 million yuan and is set to collaborate with prestigious universities for the development of the first dry-pressing solid-state battery production line in China, expected to be operational by May 2026 [3] Group 2 - Another project is signed by Jiangxi Shengquan New Energy Technology Co., Ltd., with a total investment of 850 million yuan, focusing on the production of consumer solid-state batteries [4] - The Shengquan project will utilize a standard factory building of approximately 50,000 square meters in Lushan City, Jiangxi Province, and is backed by Shengquan Technology Co., Ltd., a subsidiary of HongKong ShengQuan Holding Limited [4]

Core Viewpoint - The recent bidding wars for lithium mining rights in Sichuan Province have resulted in record-high prices, indicating a strong demand for lithium resources despite a declining trend in lithium carbonate prices [1][2][5]. Group 1: Bidding Wars and Prices - The bidding for the lithium exploration rights at the Jiada Lithium Mine in Maerkang, Sichuan, concluded with a highest bid of 4.206 billion yuan, representing an increase of over 1317 times from the starting price of 3.19 million yuan [1]. - The bidding for the Lijiagou North Lithium Mine in Jinchuan ended with a highest bid of 1.01 billion yuan, up from a starting price of 570,000 yuan, marking an increase of over 1771 times [1][2]. - The competitive nature of these bids is attributed to the simultaneous auctioning of two lithium mines, both fetching ten-digit prices [2]. Group 2: Company Involvement - Sichuan Energy Investment Holding Co., Ltd. won the bidding for the Lijiagou North Lithium Mine, indicating its strategy to further invest in lithium resources [3]. - Sichuan Energy Investment is a large state-owned capital investment company with assets exceeding 260 billion yuan and annual revenue nearing 100 billion yuan [3]. - The company’s subsidiary, Sichuan Dexin Mining Resources Co., Ltd., is already involved in lithium mining operations in the region, further solidifying its position in the lithium market [3]. Group 3: Market Dynamics - Despite the intense bidding for lithium resources, lithium carbonate prices have been on a downward trend, with the average price dropping from 314,000 yuan per ton in June to 244,000 yuan per ton by August 11 [5][6]. - The decline in lithium carbonate prices is attributed to various factors, including an oversupply in the battery industry and a decrease in demand due to the price drop of electric vehicles [7]. - Analysts suggest that the current "mining frenzy" and the falling prices of lithium carbonate are independent phenomena, with the lithium resource sector facing pressures from market restructuring and environmental compliance [5][7].

Group 1: Industry Events - The 2025 High-Performance Lithium Battery Annual Conference will be held from November 18-20, 2025, at JW Marriott Hotel in Shenzhen, celebrating its 15th anniversary and featuring the Golden Ball Award ceremony [1] Group 2: Battery Developments - SAIC's new MG4 model featuring a semi-solid-state battery is set for mass delivery within the year, with a pre-sale price ranging from 73,800 to 105,800 yuan. The 70kWh battery has an energy density of 180Wh/kg and a CLTC range of 537 kilometers, showing a 13.8% improvement in low-temperature endurance compared to traditional lithium iron phosphate batteries [2] - Camel Group has launched a new low-voltage lithium starter battery, designed for excellent low-temperature starting capabilities and equipped with a smart battery management system (BMS). The battery has passed IP67 certification and is compatible with various passenger and commercial vehicle models [3] - Wuhu Fudi Battery Co., Ltd. is planning to expand production with a new project investment of 2.4 billion yuan, aiming for an annual production capacity of 184,800 lithium iron phosphate battery packs [6] - A new partnership has been established between Jiangsu Yinglian Composite Fluid Co., Ltd. and a well-known cylindrical battery company to enhance the performance of composite fluid battery materials [10] - Enjie has released a 5μm ultra-thin high-strength separator with a puncture strength of 560gf, achieving a 16.7% increase in strength and a 20.9% reduction in internal resistance compared to 7μm separators [11]

Core Viewpoint - The Fourth Solid-State Battery Conference and Silicon-Based Anode Industry Innovation Conference aims to promote industry chain upgrades and accelerate commercialization [1]. Event Details - The conference will take place from July 3 to July 5 in Ningbo, China [3]. - The venue is the Sheraton Ningbo Donggang Hotel, located at No. 50, Rainbow North Road, Yinzhou District, Ningbo [5][8]. - Registration and check-in will occur on July 3 from 13:00 to 20:00 [6]. Agenda Overview - The conference includes a series of presentations and discussions focused on solid-state batteries and silicon-based anodes [12]. - Key sessions include: - Opening ceremony and keynote speeches on July 4 [12]. - Parallel sessions on solid-state battery technology and silicon-based anode industry on July 4 and 5 [12]. Notable Presentations - Topics include high-performance solid-state electrochemical batteries, the advantages of adding single-walled carbon nanotubes, and advancements in silicon-carbon anode materials [15][17]. - Notable speakers include professors from Nanjing University and Peking University, as well as executives from leading companies in the battery industry [15][17]. Participating Companies - A diverse range of companies will participate, including BYD, Gotion High-Tech, and various universities and research institutions [18][19][20].