Group 1 - Tianqi Lithium's stock price increased by 2.03% on September 24, reaching 43.69 CNY per share, with a trading volume of 1.209 billion CNY and a market capitalization of 71.705 billion CNY [1] - Year-to-date, Tianqi Lithium's stock price has risen by 32.39%, with a recent decline of 2.46% over the last five trading days [1] - The company has appeared on the trading leaderboard twice this year, with the most recent net purchase of 381 million CNY on August 11 [1] Group 2 - Tianqi Lithium's main business includes the production and sales of lithium concentrate products and lithium compounds, with revenue composition of 50.54% from lithium compounds and derivatives, and 49.25% from lithium ore [1] - As of June 30, 2025, Tianqi Lithium reported a revenue of 4.833 billion CNY, a year-on-year decrease of 24.71%, while net profit attributable to shareholders increased by 101.62% to 84.41 million CNY [2] - The company has distributed a total of 7.868 billion CNY in dividends since its A-share listing, with 7.137 billion CNY distributed in the last three years [3] Group 3 - Tianqi Lithium is classified under the non-ferrous metals sector, specifically in energy metals and lithium, with involvement in various concept sectors including fertilizers, lithium extraction from salt lakes, solid-state batteries, lithium batteries, and battery recycling [2] - As of June 30, 2025, the number of shareholders decreased to 270,800, with an average of 5,451 circulating shares per person, an increase of 6.45% [2] - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from several ETFs [3]

Core Viewpoint - JinkoSolar (02945) shares surged over 60%, currently up 58.21% at HKD 6.17, with a trading volume of HKD 106 million due to the announcement of its stock split and inclusion in the Hong Kong Stock Connect list effective September 23, 2025 [1] Group 1 - The Shanghai and Shenzhen Stock Exchanges announced the adjustment of the Hong Kong Stock Connect securities list, which includes JinkoSolar (01783) due to its stock split [1] - The Hong Kong government is promoting the establishment of the first large-scale electric vehicle battery recycling facility, which is expected to enhance the industry landscape [1] - JinkoSolar's project, the first power battery processing facility in Hong Kong, is set to commence construction in June 2024, with basic infrastructure already completed and operations expected to start in 2026 [1]

Core Viewpoint - The stock of Dangsheng Technology has shown significant growth in 2023, with a year-to-date increase of 46.28%, driven by strong revenue and profit growth in the first half of the year [1][2]. Financial Performance - For the first half of 2025, Dangsheng Technology reported a revenue of 4.432 billion yuan, representing a year-on-year growth of 25.17% [2]. - The net profit attributable to shareholders for the same period was 311 million yuan, reflecting an increase of 8.47% compared to the previous year [2]. Stock Market Activity - As of September 23, the stock price of Dangsheng Technology reached 58.63 yuan per share, with a trading volume of 365 million yuan and a turnover rate of 1.26% [1]. - The company’s market capitalization stood at 31.912 billion yuan [1]. - The stock has experienced a 6.37% increase over the last five trading days and a 33.01% increase over the last 20 days [1]. Shareholder Information - As of June 30, the number of shareholders increased to 86,700, with an average of 5,834 circulating shares per person, a decrease of 2.13% [2]. - The top ten circulating shareholders include major ETFs, with notable changes in holdings among them [3]. Business Overview - Dangsheng Technology specializes in the research, production, and sales of lithium-ion battery cathode materials and high-end intelligent equipment [1]. - The revenue composition includes multi-materials (60.83%), lithium iron phosphate and sodium battery cathode materials (29.37%), lithium cobalt oxide (7.44%), and intelligent equipment (1.55%) [1].

Company Overview - Tianli Lithium Energy is located in Xinxiang City, Henan Province, and was established on March 5, 2009. The company was listed on August 29, 2022. Its main business involves the research, production, and sales of lithium battery ternary materials and their precursors [1][2]. Financial Performance - For the first half of 2025, Tianli Lithium Energy achieved operating revenue of 966 million yuan, representing a year-on-year growth of 1.30%. The net profit attributable to the parent company was -60.89 million yuan, showing a year-on-year increase of 25.23% [2]. - Since its A-share listing, the company has distributed a total of 36.59 million yuan in dividends [3]. Stock Performance - As of September 22, Tianli Lithium Energy's stock price decreased by 2.01%, trading at 26.81 yuan per share, with a total market capitalization of 3.183 billion yuan. The stock has declined by 18.39% year-to-date, with a 5-day drop of 8.84%, a 20-day drop of 6.32%, and a 60-day drop of 8.37% [1]. - The company experienced a net outflow of main funds amounting to 1.0542 million yuan, with large single purchases totaling 7.25 million yuan (11.57% of total) and sales of 8.3042 million yuan (13.25% of total) [1]. Shareholder Information - As of July 31, the number of shareholders for Tianli Lithium Energy was 17,000, a decrease of 6.86% from the previous period. The average number of circulating shares per person increased by 7.36% to 4,172 shares [2]. Business Segmentation - The company's main business revenue composition includes ternary materials (82.29%), lithium iron phosphate (11.38%), lithium carbonate (4.12%), and others (2.20%) [1]. - Tianli Lithium Energy is categorized under the Shenwan industry classification of electric power equipment - batteries - battery chemicals, and is involved in various concept sectors such as solid-state batteries, ternary lithium batteries, battery recycling, lithium iron phosphate, and sodium batteries [1].

Company Overview - Zhongwei Co., Ltd. is located in Tongren City, Guizhou Province, and specializes in the research, production, processing, and sales of lithium battery cathode material precursors [1] - The company was established on September 15, 2014, and went public on December 23, 2020 [1] - Main business revenue composition: battery materials 45.17%, new energy metals 43.49%, and others 11.34% [1] Financial Performance - For the first half of 2025, Zhongwei Co., Ltd. achieved operating revenue of 21.32 billion yuan, a year-on-year increase of 6.16% [2] - The net profit attributable to shareholders was 733 million yuan, a year-on-year decrease of 15.20% [2] - Cumulative cash dividends since the A-share listing amount to 1.68 billion yuan, with 1.53 billion yuan distributed over the past three years [3] Stock Market Activity - As of September 22, Zhongwei's stock price was 43.10 yuan per share, with a market capitalization of 40.43 billion yuan [1] - Year-to-date stock price increase is 20.50%, with a recent 5-day decline of 0.92% and a 20-day increase of 19.92% [1] - Major shareholder changes include Hong Kong Central Clearing Limited as the fourth largest shareholder, increasing its holdings by 1.29 million shares [3] Investor Sentiment - On September 22, there was a net outflow of 29.19 million yuan in main funds, with large orders showing a buy of 125 million yuan and a sell of 148 million yuan [1] - The stock's turnover rate was 1.17% with a total transaction volume of 465 million yuan [1]

Core Viewpoint - Camel Group Co., Ltd. has experienced fluctuations in stock price and trading volume, with a notable increase in revenue and net profit year-on-year, indicating potential growth in the battery and recycling sectors [1][2]. Financial Performance - As of June 30, 2025, Camel Group achieved a revenue of 7.995 billion yuan, representing a year-on-year growth of 6.22% [2]. - The net profit attributable to shareholders for the same period was 532 million yuan, showing a significant increase of 69.46% year-on-year [2]. Stock Market Activity - On September 22, 2023, Camel Group's stock price fell by 2.01% to 10.71 yuan per share, with a trading volume of 277 million yuan and a turnover rate of 2.18% [1]. - The company’s stock has increased by 33.88% year-to-date, but has seen a decline of 5.89% over the last five trading days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Camel Group was 51,900, a slight decrease of 0.12% from the previous period [2]. - The average number of circulating shares per shareholder increased by 0.12% to 22,620 shares [2]. Dividend Distribution - Camel Group has distributed a total of 2.522 billion yuan in dividends since its A-share listing, with 892 million yuan distributed over the last three years [3]. Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited was the sixth-largest circulating shareholder, holding 21.976 million shares, a decrease of 10.636 million shares from the previous period [3]. - Other notable shareholders include Dachen Strategy Return Mixed A and Dachen Ruixiang Mixed A, which also saw reductions in their holdings [3].

Core Viewpoint - CATL is establishing the largest battery factory in Hungary, aiming to strengthen its position in the European market, which is currently unstable for the company [2][3]. Group 1: Market Position and Opportunities - CATL's market share in Europe has increased from 17% in 2021 to 38% in 2024, surpassing LG Energy to become the market leader [3][10]. - The bankruptcy of Northvolt, which had a valuation of 143 billion yuan before its collapse, presents a significant market opportunity for CATL [3]. - CATL's IPO in May 2025 raised 41 billion HKD, with 90% of the funds allocated for the construction of its factories in Hungary [3][15]. Group 2: European Market Dynamics - European automakers are under pressure to electrify their fleets, with plans to achieve over 50% electric vehicle production by 2030 [5]. - The inability of local battery manufacturers to meet production demands has led to the bankruptcy of around 10 European battery companies in recent years [5][6]. - CATL and LG Energy dominate approximately 70% of the European battery market, with CATL currently holding a 38% share [10]. Group 3: Investment and Production Capacity - CATL has invested over 13 billion euros in European battery factories, with plans for a total production capacity of 164 GWh across its facilities in Germany, Hungary, and Spain [14][15]. - The Hungarian factory is expected to have an initial capacity of nearly 20 GWh and is strategically located near major automotive clients [15]. Group 4: Challenges and Competition - CATL faces labor shortages in Hungary due to a high demand for skilled workers as multiple Chinese companies establish operations in the region [20][22]. - Compliance with European regulations poses challenges, including lengthy approval processes and the need for safety certifications [23]. - Despite CATL's leading position, competitors like LG Energy and SK On are also expanding their production capacities in Europe [16]. Group 5: Product Development and Market Adaptation - CATL is developing battery products tailored for the European market, focusing on safety features that align with local consumer preferences [16][17]. - The company is also working on establishing a recycling system for batteries to comply with the new European Battery Regulation [17][18].

Core Viewpoint - GEM has signed a Memorandum of Understanding (MOU) with ASCEND ELEMENTS, INC. to leverage their strengths in various aspects to build a leading lithium battery recycling industry system in Europe [1] Group 1: Partnership and Collaboration - The collaboration aims to combine geographical relationships, resources, capital, technology, and operational management [1] - The partnership will focus on establishing a leading lithium battery recycling system, disassembly and black powder manufacturing system, and resource recovery and remanufacturing of lithium, nickel, and cobalt [1] Group 2: Industry Development - The initiative will serve the development of the entire lifecycle value chain of new energy in Europe [1] - There are plans to explore potential cooperation in the United States for lithium-ion battery recycling and engineering battery material production [1] Group 3: Environmental Impact - The collaboration aims to promote the implementation of a global battery passport and the green development of new energy [1]

Core Viewpoint - The company GEM has signed a Memorandum of Understanding (MOU) with ASCEND ELEMENTS, INC. to develop a leading lithium battery recycling industry system in Europe, leveraging their respective advantages in various areas [1] Group 1: Partnership and Collaboration - GEM and ASCEND ELEMENTS, INC. aim to combine their strengths in geography, resources, capital, technology, and operational management [1] - The collaboration will focus on establishing a leading lithium battery recycling system in Europe, including dismantling and black powder manufacturing systems, as well as resource recovery and remanufacturing of lithium, nickel, and cobalt [1] Group 2: Industry Development and Goals - The partnership will serve the development of the entire lifecycle value chain of new energy in Europe [1] - Both companies will actively explore possibilities for collaboration in the United States to advance lithium-ion battery recycling and the production of engineered battery materials [1] - The initiative aims to promote the implementation of a global battery passport and support the green development of new energy [1]

Core Viewpoint - Changjiu Logistics experienced a stock price decline of 2.09% on September 17, with a current price of 9.37 CNY per share and a market capitalization of 5.655 billion CNY [1] Financial Performance - For the first half of 2025, Changjiu Logistics reported revenue of 2.326 billion CNY, representing a year-on-year growth of 27.54%. However, the net profit attributable to shareholders decreased by 80.66% to 10.1688 million CNY [2] - The company has distributed a total of 747 million CNY in dividends since its A-share listing, with 72.4181 million CNY distributed over the past three years [3] Stock Market Activity - As of September 17, 2023, Changjiu Logistics' stock has increased by 26.79% year-to-date, but has seen a decline of 6.39% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on May 14, where it recorded a net purchase of 35.1985 million CNY [1] Shareholder Information - As of June 30, 2025, the number of shareholders for Changjiu Logistics increased by 12.47% to 31,300, while the average circulating shares per person decreased by 11.09% to 19,267 shares [2] - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund, which holds 1.28 million shares, a decrease of 6.58% from the previous period [3]