Core Viewpoint - The 2025 Solid-State Battery Industry Annual Conference and the Golden Ding Award Ceremony will focus on new technologies and building a new ecosystem in the solid-state battery sector, highlighting advancements and innovations in the industry [4][6]. Event Overview - The event will take place on November 8, 2025, at the Guangzhou Nansha International Convention and Exhibition Center, featuring a main forum and various specialized sessions [4][5]. - The forum is organized by Qidian Solid-State Battery, Qidian Lithium Battery, and the SSBA All-Solid-State Battery Alliance, with over 1000 participants expected [2][4]. Forum Agenda - The agenda includes a series of presentations and discussions on solid-state battery technologies, materials, and manufacturing processes, featuring industry leaders and experts [6][7]. - Key topics will cover advancements in solid-state battery technology, challenges in manufacturing, and innovations in materials such as sulfide and halide solid electrolytes [6][7]. Awards and Recognition - The event will also host the 2025 Golden Ding Award Ceremony, recognizing outstanding contributions in various categories related to solid-state batteries, including technology innovation and investment value [7][8]. - Specific awards include the 2025 China All-Solid-State Battery Industrial Pioneer Award and the 2025 China Solid-State Battery Most Investable Award [7]. Participation and Sponsorship - Registration fees for attendees are set at 1688 RMB per person, which includes access to the conference, lunch, and the award ceremony [10]. - Various sponsorship and exhibition options are available, with prices ranging from 15,000 RMB for a standard booth to 48,000 RMB for a custom-designed space [10].

Core Viewpoint - Tianji Co., Ltd. (002759.SZ) has experienced significant stock price fluctuations, with a cumulative increase of over 20% during the trading days of September 26 and September 29, 2025, indicating abnormal trading activity [1] Group 1: Company Developments - The company is advancing the industrialization of its lithium sulfide material preparation patent (Patent No. ZL202411448897.4), supported by a team of 7 researchers, including 3 core R&D personnel, with approximately 5 million yuan invested in R&D so far [1] - The project has successfully passed small-scale testing and will proceed to larger-scale trials to analyze cost and industrial feasibility before entering the pilot test phase to further validate production stability and equipment compatibility [1] Group 2: Risks and Challenges - The technology development is still in its early stages, and transitioning from patent to stable, mass-produced commercial products will require extensive process optimization and validation [1] - There is a potential risk that superior and lower-cost solid electrolyte technologies may undermine the competitive advantage of lithium sulfide technology in the future [1] - The industrialization process may face challenges such as consistency and stability issues during the pilot testing phase, which could lead to underperformance in commercialization [1] Group 3: Shareholder Activity - During the abnormal trading period, the controlling shareholder, Shantou Tianji, reduced its stake by selling 4.5 million shares through block trading, with the reduction plan still ongoing as of the announcement date [2] - The actual controller did not engage in buying or selling company shares during the abnormal trading period [2]

Group 1 - The company is currently in the early stages of technology development, transitioning from patents to stable, mass-produced commercial products [1] - The process of industrialization involves lengthy optimization and verification, which may lead to inconsistencies and stability issues during pilot testing [1] - There is a potential risk that superior and lower-cost solid electrolyte technologies could undermine the competitive advantage of lithium sulfide technology in the future [1]

人民财讯9月29日电，天际股份（002759）9月29日发布股票交易异常波动的公告，公司正在推动硫化锂 材料制备专利的产业化，该项目由7名研发人员组成，其中核心研发人员3名，目前已投入研发费用约 500万元。该项目现已基本通过小型试验，后续公司还需先进行放大试验对候选工艺进行成本、工业难 易程度分析，以确定种子工艺，再进入中试阶段对种子工艺进一步放大，全面验证生产过程的稳定性、 设备的适配性，并完成客户送样。目前公司技术开发过程仍处于早期阶段，从专利到稳定、批量生产的 商业化产品，需要经历漫长的工艺优化和验证过程。如果未来出现更优越、成本更低的固态电解质技术 路线，可能会削弱硫化锂技术的竞争优势。 ...

Group 1: Guocera Materials - The company is developing both oxide and sulfide solid electrolyte technologies and has established a joint venture focused on sulfide [1] - The honeycomb ceramic products have shown steady growth, covering domestic automotive brands and entering the supply chains of international leading car manufacturers [1] - The subsidiary Guocera Saichuang has mass-produced and sold ceramic substrates for optical modules, with plans for increased investment after the completion of the second-phase factory [1] - The company is expanding its market share in automotive and server MLCCs, with limited impact from rare earth regulations [1] Group 2: Rabbit Baby - The distribution channels for decorative materials are composed of 38.5% from distributors, 49.6% from furniture factories, 8.1% from home decoration companies, and 3.8% from engineering [2] - The company has seen growth in rural channels, with 847 new stores opened and 600,000 sales of decorative boards in the first half of the year [2] - Gross margins in the decorative materials business have improved due to cost control measures and a 9.9% increase in auxiliary material sales [2] - The custom home business has shown stable growth, with a 46.5% year-on-year increase in sales through home decoration company channels [2] Group 3: Meihua Medical - In the first half of 2025, the company achieved revenue of 733 million yuan and a net profit of 114 million yuan, with adjusted net profit of 129 million yuan [3] - The company has increased R&D investment, with home and consumer electronics components revenue growing by 35.69% and other medical product components by 54.41% [3] - The company is advancing its investment and acquisition efforts while focusing on risk control [3] - The company has begun mass deliveries of injection pens and CGM products, and is exploring the humanoid robot industry [3]

Group 1 - Star Stone Investment recently conducted research on Guoci Materials, focusing on its dual solid electrolyte technology routes: oxide and sulfide [1] - Guoci Materials has established a joint venture to specialize in sulfide technology, with products currently undergoing customer validation [1] - The company's honeycomb ceramic products have shown steady growth in the first half of the year, covering domestic automotive brands and entering the supply chains of international leading car manufacturers [1] - Guoci Materials is preparing for the National Seven and Euro Seven product standards [1] - The subsidiary Guoci Saichuang has developed ceramic substrates for optical modules, which are now in mass production and small-scale sales, with plans for increased investment after the completion of the second-phase factory [1] - The impact of rare earth regulations on MLCC sales is limited, with sales growth and adjustments made to the prices of some older products to expand market share in automotive and server MLCCs [1] - Guoci Kanglitai maintains stable revenue while developing high-end functional ceramic inks and digital glazes, expanding into overseas markets and creating new textile ink products [1] Group 2 - Star Stone Investment, established in 2007, is one of China's top private equity investment management companies and a pioneer in the private equity sector [2] - The company has received numerous awards, including the first Chinese private equity to win the Morningstar China Hedge Fund Award and to be included in the MSCI Global Hedge Fund Index [2] - Star Stone Investment focuses on long/short equity strategies and has a strong research team of 40 professionals, employing a multi-faceted driving factor investment approach [2] - The investment decision-making process is led by a committee, with nine fund managers collaboratively managing all products to identify high-quality investment targets [2] - The company emphasizes talent development through a model of nurturing elite graduates, ensuring a stable and high-performing research team [2] - Star Stone Investment has established a comprehensive company structure that includes investment research, market services, back-office operations, and compliance risk control [2] - The firm is recognized for its investment capabilities and has been included in the "private equity whitelist" of major commercial banks, collaborating with various financial institutions [2]