Core Viewpoint - Suzhou Corun New Materials Co., Ltd. (referred to as "Corun New Materials") has initiated the process for listing on the Science and Technology Innovation Board, marking a significant step in its growth as a leading domestic enterprise in proton exchange membrane materials [1][2]. Group 1: Company Overview - Corun New Materials has 16 years of experience in the research and manufacturing of proton exchange membranes and is one of the earliest companies in China to achieve the industrialization of perfluorosulfonic acid proton exchange membranes [1]. - The company operates three main manufacturing facilities located in Fujian, Huai'an, and Suzhou [1]. - Corun New Materials has resolved critical material challenges in the fields of vanadium flow batteries and hydrogen fuel cells, achieving domestic self-sufficiency in perfluorosulfonic acid proton membranes [1]. Group 2: Industry Position and Achievements - Corun New Materials is currently the only company in China capable of mass-producing and supplying perfluorosulfonic acid proton exchange membranes for vanadium flow batteries and is among the few that can do so for hydrogen fuel cells [1]. - The company has established a complete industrial chain layout from resin synthesis to membrane preparation and application development, leading the domestic market in the shipment volume of perfluorosulfonic acid proton (ion) membranes for three consecutive years [1]. - Corun New Materials holds over 100 patents related to proton membranes and has participated in the formulation of more than 10 national industry standards [2]. Group 3: Research and Development - The company has developed five major laboratories focusing on raw material selection, membrane liquid preparation, membrane production, performance testing, and application testing [2]. - Corun New Materials collaborates with prestigious institutions such as the Chinese Academy of Sciences and Xiamen University to maintain its technological competitiveness [2]. Group 4: Financial and Investment Highlights - Corun New Materials has completed multiple rounds of financing, attracting investments from notable firms including Sinopec Capital, Sequoia, and others [2]. - In August 2024, the company completed the second batch of financing in its C+ round, raising over 400 million yuan, with Sinopec Capital as the lead investor [2]. Group 5: Ownership Structure - The actual controller of Corun New Materials is Yang Dawei, who holds a 27.47% stake in the company [3].

证券代码：838402 证券简称：硅烷科技 公告编号：2025-060 河南硅烷科技发展股份有限公司 投资者关系活动记录表 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。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 22 日 活动地点：全景•路演天下（https://rs.p5w.net） 参会单位及人员：通过网络方式参与河南辖区上市公司 2025 年投资者网上 集体接待日的投资者 上市公司接待人员：董事会秘书石增辉先生 三、 投资者关系活动主要内容 问题 1、公司纯度为 7N 的硅烷气有哪些应用场景，8N 的硅烷气有哪些应用 场景？ 回答：公司 7N 及以上纯度的硅烷气能运用于高端液晶面板、半导体等材料。 问题 2、2024 年年度报告中提到加快电子级多晶硅下游客户认证及销售， 请问进展如何，是否进展顺利。 回答：区熔级多晶硅的认证门槛较高，在认证过程中呈现出来 ...

Core Viewpoint - The forum on "Opportunities and Challenges of Hydrogen Energy" highlighted the global development path and cooperation opportunities in the hydrogen energy industry, emphasizing the importance of hydrogen in energy transition and the need for collaboration among various stakeholders [1][3]. Group 1: Industry Development - Hydrogen energy is transitioning from technological exploration to large-scale application, with Hong Kong leveraging over 160 years of experience in hydrogen gas operations to develop demonstration projects in transportation and construction power generation [3]. - The high cost of green hydrogen and immature storage and transportation technologies are significant challenges, necessitating coordinated policies from various countries to promote technology implementation [5]. - The Hong Kong government is focusing on safety in hydrogen energy promotion, having established operational standards for hydrogen vehicles and refueling stations, and is planning to create a hydrogen energy testing platform with mainland technology [6]. Group 2: Investment and Collaboration - A company plans to invest $30 billion over the next five years to build low-carbon hydrogen and ammonia plants, aiming to reduce hydrogen's carbon intensity through carbon capture technology [7]. - There are complementary advantages between China and Australia in the hydrogen sector, with potential collaboration in hydrogen steelmaking and green ammonia trade, positioning Hong Kong as a technology showcase to facilitate international orders [7]. - The forum concluded with a call for global efforts to standardize hydrogen technology, coordinate industrial chains, and innovate policies to overcome storage, transportation, and cost barriers in the hydrogen energy sector [9].

Core Viewpoint - Chongqing Sanxia Paint Co., Ltd. (referred to as "Yuzhong Sanxia A") has experienced significant stock price fluctuations, with a recent decline following a period of rapid increases, prompting multiple announcements regarding trading anomalies [1][3]. Group 1: Stock Price Movement - Yuzhong Sanxia A's stock price rose sharply from approximately 5.15 yuan on April 24 to a peak of 14.01 yuan on May 16, achieving nine trading limit-ups in 13 trading days [2][3]. - Following this surge, the stock price began to decline, with a drop of 6.71% on May 19 and a subsequent limit-down on May 20, closing at 11.76 yuan [3][4]. Group 2: Company Announcements and Responses - The company issued multiple announcements to address the stock price volatility, confirming that there were no undisclosed significant matters affecting the stock price [1][3]. - Yuzhong Sanxia A has released five announcements regarding stock trading anomalies since late April, with the first four related to price increases [3][4]. Group 3: Business Operations and Financial Performance - In 2023, Yuzhong Sanxia A reported a net loss of 35 million yuan, marking its first loss since 2012, despite a 6.69% increase in revenue from its main paint business [7][9]. - The decline in investment income significantly impacted the company's financial performance, particularly due to losses from its associate company, Xinjiang Xinhui Clean Energy Co., Ltd. [7][9]. - The company has been involved in restructuring efforts, including the cancellation of a subsidiary and the planned sale of a stake in another company, which some market participants interpret as preparation for a larger reorganization [4][6].

一、事件：国际氢能与燃料电池汽车大会 第九届国际氢能与燃料电池汽车大会暨展览会（FCVC2025）将于6月18日至20日在上海召开。 经过八年的积累，FCVC技术展览已经发展成为国内氢能与燃料电池汽车全产业链综合性最强、规模最大、专业度及国际化程度最高且最具影响力的活动 之一。 本次大会将以"凝聚共识、攻坚克难，共促产业规模化发展"为主题，共设1场开幕式、2场主论坛、多场专题论坛及行业交流会，同期包括3天专业技术和 设备展览，涵盖技术参观、新品发布等在内的多场活动。具体议程如下： | 日期 | 时间 | 内容 | | --- | --- | --- | | 6月18日 | 09:00-12:00 | 专题论坛：燃料电池全链条耐久技术开发与应用突破 | | | 09:00-12:00 | 专题论坛：氢能平价之路：产业趋势、技术实现路径与 | | | | 投资机会 | | | 09:00-11:30 | 国际氢能燃料电池协会理事会(仅限邀请) | | | 11:30-12:30 | 国际氢能燃料电池协会标准化工作委员会会议(仅限邀请) | | | 13:30-17:30 | 主论坛:推进产业跨入规模化发展新阶段 ...

Core Viewpoint - Hydrogen fuel cell technology is rapidly developing with strong support from national policies, showcasing advantages such as low pollution, high efficiency, quick refueling, and long range, leading to its increasing application in the electric motorcycle sector [1][15]. Group 1: Market Overview - The global hydrogen motorcycle market is projected to reach approximately $0.9 million in 2024, with expectations to grow to $2 million by 2030 [1][15]. - In 2024, China's hydrogen production and consumption scale is expected to exceed 36.5 million tons, ranking first in the world [6]. Group 2: Industry Dynamics - Companies such as Zongshen, Tailg, and Ninebot have launched hydrogen fuel cell electric motorcycles, with some already moving beyond the concept stage to market introduction [1][17]. - Ninebot's Segway APEX H2 hybrid motorcycle was announced in April 2021 with a pre-sale price of 69,999 yuan, but it faced technical issues that prevented mass production [1][17]. Group 3: Technological Advantages - Hydrogen motorcycles offer significant advantages over traditional electric vehicles, including energy efficiency, convenience in refueling, and enhanced safety due to the use of solid-state hydrogen storage [2][4]. - The hydrogen fuel cell process generates energy without emitting pollutants, making it an environmentally friendly option [2]. Group 4: Policy Support - The Chinese government is enhancing its hydrogen energy policy framework, aiming to establish a comprehensive development environment for the hydrogen industry by 2025 [12][14]. - The introduction of standards for hydrogen fuel cell motorcycles is expected to lower R&D costs and accelerate technological advancements [14]. Group 5: Future Trends - The market acceptance of hydrogen motorcycles is anticipated to increase as production capacity expands and technology evolves, with a growing number of high-end consumers in addition to B2B clients [1][19]. - Local governments are increasingly willing to open road rights for hydrogen motorcycles, which will facilitate market order growth [19].

Core Viewpoint - Plug Power's stock has seen a significant decline of over 62% since the beginning of 2025, indicating bearish sentiment among investors [1] - Despite the negative market outlook, the CFO of Plug Power, Paul Middleton, has made a substantial stock purchase, suggesting a belief in the company's future prospects [2][4] Financial Performance - Plug Power reported a year-over-year revenue growth of 11.1% in Q1 2025, with a net loss narrowing to $196.9 million from $295.8 million in Q1 2024 [8] - The company's cash burn improved, with cash used from operations decreasing from $167.7 million in Q1 2024 to $105.6 million in Q1 2025 [8] Insider Activity - Paul Middleton purchased 350,000 shares of Plug stock for approximately $250,000, increasing his total holdings to 1,908,064 shares, representing 0.32% of the company's outstanding shares [5] - This purchase is notable as it is the only open market buy by an insider in over six years, which typically signals confidence in the company's future [5][6] Market Sentiment - Insiders' stock purchases are generally viewed positively by investors, but Middleton's public announcement may be seen as an attempt to bolster confidence following the company's recent financial results [6][7] - Despite the CFO's assertions of financial strength, concerns remain regarding the company's ability to achieve consistent profitability and reliance on equity issuance for capital [9][12]

第九届金砖国家工业部长会议在巴西利亚召开 智通财经5月22日电，第九届金砖国家工业部长会议当地时间5月21日在巴西首都巴西利亚召开，金砖各 国工业主管部门及联合国工业发展组织代表围绕产业数字化转型、智能制造和机器人、中小企业、人工 智能等议题深入交流。中国工业和信息化部副部长熊继军表示，中方愿同金砖伙伴一道，团结合作，共 谋发展，构建更加全面、紧密、务实的伙伴关系。一是加强新兴领域合作，拓展人工智能、智能制造、 生物医药产业发展新空间，构建充满活力的伙伴关系。二是促进可持续发展，鼓励新能源汽车、光伏、 风电、氢能等领域合作，共同开发绿色技术和优质产品，构建绿色发展的伙伴关系。三是夯实工业能力 根基，发挥金砖国家工业能力中心作用，推动经验分享、技术推广、标准协调、人才培养，构建更具韧 性的伙伴关系。四是维护产业链供应链稳定，推动形成互利共赢的产业生态，构建开放团结的伙伴关 系。 ...

Core Viewpoint - The announcement of major shareholders and executives of Nar Holdings planning to reduce their stakes has led to a significant drop in the company's stock price, reflecting ongoing volatility in its performance and investor sentiment [1][3][11]. Shareholder Reduction - Two major shareholders, Wang Shuming and Yang Jiantang, plan to reduce their holdings by a combined total of up to 5.66% of the company's shares, with Wang intending to sell up to 10 million shares (2.97% of total shares) and Yang up to 9 million shares (2.67% of total shares) [3][6]. - Vice General Manager Shen Weifeng also plans to reduce his stake by up to 73,000 shares (0.02% of total shares) [3][6]. Financial Performance - Nar Holdings has experienced significant fluctuations in its financial performance, with 2021 revenues of 1.76 billion yuan, a 40.28% increase, but a net profit decline of 35.64% to 61.67 million yuan [7][9]. - In 2023, the company reported revenues of 1.49 billion yuan, an 8.09% decrease, and a net profit of 100.19 million yuan, down 71.54% from the previous year [8][9]. - The company showed signs of recovery in 2024, with projected revenues of 1.9 billion yuan, a 27.73% increase, and a net profit of 126 million yuan, up 26.09% [9][10]. Business Transition Challenges - Nar Holdings has been attempting to diversify into the hydrogen energy sector since 2021, establishing a subsidiary focused on fuel cell membrane electrode production [10]. - However, progress in the hydrogen energy project has been slow, with the company indicating that it is still in the research and trial production stages as of September 2024 [10][11]. Governance Issues - The company has faced internal governance issues, including a warning from the Shanghai Securities Regulatory Bureau regarding short-term trading by a former supervisor, which has raised concerns about its management practices [6][11].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 5月21日， 由 大兴国际氢能示范区、势银（ TrendBank）主办，探索 "氢能+"，打开氢能应 用新思路为主题 的 "氢能+"产业新生态研讨会 在北京大兴国际氢能示范区 1号楼国际氢能交 流中心氢之舞成功召开。 会议现场 添加文末微信，加 绿氢 群 ▼ 左右滑动查看更多 刘华东： 当前，示范区全力打造"标杆氢区、绿色氢区、全球氢区"。构建以加氢示范站、国际 氢能交流中心、科技园区为载体，产业基金、企业联盟、专项政策、试验基地为支撑 的"3+N"氢能产业生态体系。 雷浩： 风冷燃料电池有着众多应用场景，凭借 能量 密度高、续航长、重量轻、补能快 ，以及 规模量产后 成本下降 快等优势，可以应用到 工业无人机、两轮车、移动电源、军工、小型游 船、 UPS 、无人快递车、机器人、 AGV 等众多场景。 李明： 我国城市轨道交通行业已经进入高质量运营的新发展阶段 ...