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 - The acquisition of a 41% stake in Hunan Meite New Materials Co., Ltd. by Xue Tian Salt Industry is a strategic move to enhance its "Salt + New Energy" dual-driven strategy, aiming to capitalize on opportunities in the sodium battery cathode materials sector [1][2]. Group 1: Acquisition Details - Xue Tian Salt Industry plans to acquire a 41% controlling stake in Meite New Materials for approximately 261 million yuan, increasing its total ownership to 61% [1]. - The market reacted positively to the announcement, with Xue Tian Salt's stock price rising by 2.11% to 6.28 yuan on December 3 [1]. Group 2: Strategic Implications - This acquisition is part of Xue Tian Salt's long-term strategic planning and aims to leverage its resource focus and industrial strengths to support Meite New Materials in cost control and supply chain security [2]. - The integration is expected to facilitate Xue Tian Salt's transition from traditional salt and chemical sectors to high-tech, high-value new energy materials, aligning with national policies on new energy development [2]. Group 3: Performance of Meite New Materials - Meite New Materials has shown significant improvement in profitability and asset growth, with revenues reaching 640 million yuan in the first nine months of 2025, surpassing the total revenue of 630 million yuan for 2024 [3]. - The net profit for Meite New Materials in the first nine months of 2025 was 35.61 million yuan, a substantial increase from just 3.6 million yuan in 2024 [3]. Group 4: Product Development - In 2023, Meite New Materials launched four sodium battery cathode materials, enhancing its market presence, particularly in the e-cigarette battery segment, where it achieved a 30% market share [4]. - The company successfully established a pilot line for sodium ion battery cathode materials and commenced production on a lithium cobalt oxide expansion project, reaching an annual capacity of 7,500 tons [4]. Group 5: Future Directions - Xue Tian Salt is expanding its footprint in the new energy materials sector, including the establishment of a fiber research institute in collaboration with a prominent academic team, focusing on advanced fiber materials [6][7]. - The fiber research institute aims to develop smart fiber materials and optimize production processes, serving as a technological bridge for Xue Tian Salt's diversification into energy-related businesses [7].