Core Viewpoint - The article discusses the accelerating exploration of mass production in all-solid-state battery technology, highlighting the emerging demand for new processes and equipment to address unique manufacturing challenges [2][6]. Group 1: Event Overview - The 2025 (15th) High-tech Lithium Battery Annual Conference will be held from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen [2]. - The event will celebrate the 15th anniversary and include the High-tech Golden Ball Award ceremony [2]. Group 2: Manufacturing Challenges and Solutions - All-solid-state batteries face unique challenges during manufacturing, such as deformation and internal short circuits due to the absence of traditional separators and the need for high-pressure preparation [2]. - The introduction of the electrode frame printing process aims to support and insulate the battery, preventing direct contact between the positive and negative electrodes [2]. Group 3: Technology Routes for Frame Printing - Various frame printing technologies are being evaluated for yield, efficiency, and precision, including: - Screen printing, which offers high precision and fast production cycles, with single-piece printing times under 2 seconds [3]. - Pre-fabricated frame transfer, which improves uniformity but faces challenges with transfer yield [3]. - Dispensing technology, which has lower equipment costs but poorer size precision and lower production efficiency due to long curing times [3]. - UV printing, a new non-contact technology, is slower and requires further validation of process stability [3]. Group 4: Equipment Manufacturers' Strategies - Equipment manufacturers are betting on different technological paths: - Liyuanheng recommends screen printing for its high throughput and precision control [4]. - High-energy Digital integrates 3D frame printing with electrolyte printing to enhance production efficiency [4]. - Delong Laser and Matsui Co. are adopting UV printing technology, with Delong's laser groove-making and Matsui's production-level UV printing project [5]. Group 5: Laser Technology Applications - Laser technology is increasingly applied in solid-state battery manufacturing, including: - Laser drying, which is more efficient than traditional oven drying, saving 80% space and 50% energy [6]. - Laser cutting as a replacement for traditional tools and online cleaning of roller presses, enhancing the value of laser equipment in production lines [6]. - The transition from material research to production processes and equipment standardization in all-solid-state batteries opens new growth opportunities for upstream equipment manufacturers, particularly in high-precision printing and advanced laser applications [6].

Core Insights - The company, Appotronics, reported a significant decline in net profit for 2024, with a decrease of 72.91% year-on-year, while achieving a revenue of 2.41857 billion yuan, with over 600 million yuan coming from automotive business [1][3] - In Q1 2025, the company experienced a slight revenue growth of 3.67% year-on-year, totaling approximately 461.38 million yuan, but reported a net loss of approximately 21.36 million yuan, a decline of 147.95% year-on-year [2][3] - The company has been focusing on R&D, with a total investment of 248 million yuan in 2024, representing 10.24% of its revenue, and a further increase in R&D spending in Q1 2025 [4][5] Financial Performance - For 2024, the company reported a net profit of approximately 27.95 million yuan, down 72.91% year-on-year, with a basic earnings per share of 0.06 yuan, a decrease of 73.91% [1][3] - In Q1 2025, the company recorded a net loss of approximately 21.36 million yuan, with basic and diluted earnings per share both at -0.05 yuan, reflecting a 150% decline [2][3] - The operating cash flow for Q1 2025 was approximately 64.13 million yuan, showing a significant increase of 424.57% year-on-year [2][3] Business Developments - The automotive optical business has shown promising growth, achieving revenue of approximately 78.78 million yuan in Q1 2025, a year-on-year increase of 64.03% [2][3] - The company launched innovative products, including the "Lingjing" intelligent automotive optical system, which allows for various projection capabilities and AI voice control [2][4] - Appotronics has been actively participating in international exhibitions, showcasing its technology and products, including a new laser engraving machine and a compact AR light engine [4][5] ESG and Corporate Governance - In 2024, the company emphasized its commitment to environmental responsibility, reporting energy savings of approximately 6.82 billion kWh and a reduction of 586,800 tons of CO2 emissions through its ALPD® technology [5] - The company has a strong focus on employee development, providing over 16,824 hours of training and promoting diverse career paths [5] - Appotronics has established a transparent governance structure with multiple specialized committees to ensure effective decision-making [5]