Core Viewpoint - Xue Tian Salt Industry Group Co., Ltd. plans to acquire a 41% stake in Hunan Meter New Materials Co., Ltd., increasing its total ownership to 61%, thereby becoming the controlling shareholder, which aligns with its strategy to focus on resources and expand into the new energy sector [2][3]. Group 1: Acquisition and Strategic Intent - The acquisition of Meter New Materials is a key move for Xue Tian Salt Industry to enter the new energy sector, particularly in sodium battery anode materials [2][3]. - This strategic integration aims to leverage the synergy between Xue Tian Salt Industry's salt chemical industry and Meter New Materials' capabilities, enhancing cost control and supply chain security [4][6]. Group 2: Financial Performance of Meter New Materials - Meter New Materials reported a revenue of 640 million yuan for the first three quarters of 2025, surpassing its total revenue of 630 million yuan for 2024, with a net profit of 35.61 million yuan, significantly up from 3.6 million yuan in 2024 [3]. - The net assets of Meter New Materials increased from 410 million yuan at the end of 2024 to 446 million yuan by September 2025, marking an 8.68% growth, while total assets rose from 859 million yuan to 1.111 billion yuan, a 29.36% increase [3]. Group 3: Technological Advancements and Future Plans - Xue Tian Salt Industry is not limited to sodium batteries; it has established a fiber research institute in collaboration with academic experts to innovate in smart fiber materials, extending its "salt + new energy" strategy [5][6]. - The fiber research institute aims to develop mass production processes and optimize core technologies for smart fiber materials, facilitating the company's transition from traditional salt chemicals to new energy applications [5][6]. Group 4: Industry Position and Future Outlook - As a significant player in the salt and salt chemical industry, Xue Tian Salt Industry is positioned to achieve a transformation from a single salt product focus to a diversified portfolio including new energy materials and smart fibers [6]. - The company's dual-driven strategy of "salt + new energy" is expected to create a differentiated competitive advantage in the new energy sector, contributing to its high-quality development [6].

Core Viewpoint - Xue Tian Salt Industry is advancing its "Salt + New Energy" strategy by acquiring a 41% stake in Hunan Meter New Materials Technology Co., Ltd., increasing its ownership to 61% and becoming the controlling shareholder, which is expected to enhance its revenue and profit scale while capturing opportunities in the sodium battery materials sector [1][2]. Group 1: Acquisition Details - The company plans to acquire the stake for 261 million yuan, which will allow it to consolidate its position in the new energy materials market [1]. - Previously, Xue Tian Salt held a 20% stake in Meter New Materials, and this acquisition reflects its commitment to expanding in the new energy sector [1]. Group 2: Business Performance and Strategy - Meter New Materials has been actively developing sodium battery materials, launching four new products in 2023, and achieving a 30% market share in the e-cigarette battery segment [2]. - The financial performance of Meter New Materials is on an upward trend, with projected revenue of 629 million yuan and a net profit of 3.6 million yuan for 2024, while the revenue for the first three quarters of this year has already surpassed the total for the previous year [2]. Group 3: Industry Positioning - Xue Tian Salt Industry is enhancing its full industry chain from raw materials to applications, focusing on new energy sectors alongside its traditional salt and chemical business [3]. - The company is also collaborating with academic institutions to develop smart fiber materials, indicating a broader commitment to innovation and technology in its product offerings [3].

Core Insights - The collaboration between Xue Tian Salt Industry and Fudan University to establish the Future Fiber Research Institute highlights the strategic shift of a traditional salt company into the advanced fiber electronics sector, indicating a recognition of the significant value of smart fiber materials as a key enabling technology for the future [1][11] Industry Overview - Fiber electronics are defined as a disruptive technology platform that integrates multiple functions such as power generation, energy storage, sensing, computing, and communication into a single fiber, moving beyond traditional textiles [2] - The concept of "fiber as function" represents a major leap towards highly integrated, flexible, and intelligent materials [2] Application Prospects - The potential applications of fiber electronics are vast, with implications for various industries: - In the renewable energy sector, fiber lithium batteries can provide flexible energy storage and supply solutions for wearable devices and flexible display clothing [3] - In the humanoid robotics industry, fiber sensors and detectors serve as the "nervous system" and "skin" of robots, enhancing their dexterity and environmental interaction capabilities [3] - In healthcare, fiber devices are expected to enable new generations of long-term, non-invasive physiological monitoring and treatment methods due to their portability, high sensitivity, and biocompatibility [3] - Fiber electronic systems also offer unique advantages in extreme environments such as space exploration [4] Strategic Transformation - Xue Tian Salt Industry's investment reflects a strategic choice in response to industry transformation, aiming to establish a collaborative innovation platform involving government, industry, academia, and research [6] - The company aims to seize future opportunities by recognizing smart fiber materials as fertile ground for new productive forces, positioning itself upstream in the high-tech industry value chain [6] - Collaborating with a top university allows for rapid entry into the high-tech fiber electronics field, leveraging academic research capabilities for breakthrough developments [6] - The research institute has defined eight key directions for development and plans to accelerate the establishment of pilot production lines, indicating a focus on transforming laboratory results into market-ready products [6] Challenges and Opportunities - Despite the promising outlook, the path to large-scale industrialization of fiber electronics faces challenges such as: - Technical maturity, including material stability, production yield, and cost control [8] - Integration of the supply chain, requiring the construction of a new ecosystem from key materials to specialized equipment and downstream applications [9] - Establishing standards and certification, particularly in critical applications like healthcare [10] - However, the potential market impact is substantial, with fiber electronics poised to become a foundational technology akin to semiconductors, permeating various aspects of the economy and daily life [10] Conclusion - The investment by Xue Tian Salt Industry in the Future Fiber Research Institute is a landmark event in the new materials sector, reflecting a growing consensus in the industry regarding the core role of smart fiber materials as a new productive force [11] - With the global competition in fiber electronics research intensifying, China's collaborative innovation mechanism and active industrial capital position it favorably in this frontier sector [11] - Future breakthroughs in material synthesis, device integration, and scalable manufacturing will determine who holds the competitive edge in the upcoming flexible intelligent era [11]