香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站(http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 江西贛鋒鋰業集團股份有限公司 董事長 李良彬 中國‧ 江 西 二 零 二 六 年 三 月 三 十 一 日 江西赣锋锂业集团股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 公 ...

Group 1: Fuel Cell Vehicles - The Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission aim for a national fuel cell vehicle ownership of 100,000 units by 2030, doubling the number from 2025 [2] Group 2: Trade Relations - The Ministry of Commerce criticized the U.S. for misusing the 301 investigation procedure, which disrupts global supply chain stability and violates WTO rules [3] Group 3: Transportation Data - From March 9 to March 15, the national highway truck traffic reached 52.803 million vehicles, a 14.75% increase compared to the previous week [4] Group 4: Lithium Battery Recycling Standards - Hainan Province is seeking public opinion on new local standards for lithium battery recycling, requiring a minimum processing capacity of 20,000 tons per year and a recovery rate of over 98% for nickel, cobalt, and manganese [5] Group 5: Autonomous Driving - Uber and Motional launched a commercial autonomous taxi service in Las Vegas, allowing users to call self-driving electric vehicles for free through the app, with full autonomous service expected by the end of 2026 [7] Group 6: Electric Vehicle Developments - Lucid Group announced a new Midsize platform with three models, starting at under $50,000, as part of its strategy to scale operations and achieve profitability [8] Group 7: Battery Supply Contracts - Samsung SDI signed a contract worth 1.5 trillion KRW for energy storage system batteries, with production set to take place at a joint venture facility in Indiana, USA [9] - POSCO Future M signed a supply agreement for artificial graphite anode materials for lithium-ion batteries, valued at approximately $675 million, with a contract period extending to 2032 [10] Group 8: Corporate Changes - Foton Motor announced the recommendation of Lu Zhenghua as the new general manager, replacing Wu Xibin [11] Group 9: Strategic Collaborations - Mercedes-Benz is in preliminary discussions with Geely to deepen cooperation, focusing on next-generation electric vehicle projects in China [12] Group 10: Financial Performance - GAC Group reported a projected negative gross margin for 2025, citing a 22.83% decline in sales of its self-owned brand vehicles and increased promotional expenses [13] Group 11: New Product Launch - Xiaomi announced the launch of the new generation SU7 on March 19, featuring significant improvements in safety, control, and luxury [14] Group 12: Strategic Partnerships in Autonomous Vehicles - Hesai Technology will deepen its strategic partnership with Neolix, supplying high-performance lidar solutions for their new generation of autonomous delivery vehicles [16] Group 13: Funding in Flying Cars - XPeng Huitian secured nearly $200 million in a new round of equity financing, bringing its total funding in the flying car sector to approximately $1 billion [17]

Group 1 - The company has approved an investment proposal to establish a subsidiary, Changzhou Baili Powder Integration System Co., Ltd., focusing on solid-state battery materials production and lithium battery recycling equipment systems [1] - The registered capital of the subsidiary is 20 million RMB, with the company contributing 19.8 million RMB, holding a 99% stake [1] - The subsidiary has completed its business registration and obtained a business license from the Changzhou Market Supervision Administration, with the establishment date being January 30, 2026 [1] Group 2 - The subsidiary's business scope includes intelligent control system integration, material handling equipment manufacturing and sales, and various engineering and technical services [1] - The legal representative of the subsidiary is Lei Lihua, and it is located at No. 2, Tenglong Road, Building 8, Xitaihu Science and Technology Industrial Park, Changzhou [1]

Major Events - Lanke Technology (06809) will conduct an IPO from January 30 to February 4, with an expected listing on February 9 [1] - Aixin Yuanzhi (00600) will conduct an IPO from January 30 to February 5, with an expected listing on February 10 [1] - Lexin Outdoor (02720) will conduct an IPO from January 31 to February 5, raising HKD 130 million from Horizon Capital and Huangshan Dejun [1] - Dongpeng Beverage (09980) sets the offer price at HKD 248 per share [1] - Zhonghui Biotech-B (02627) received approval from the National Medical Products Administration for a trivalent influenza virus subunit vaccine [1] - Kangzheng Pharmaceutical (00867) received approval for the first and only targeted drug for vitiligo treatment in China [1] - Shishi Pharmaceutical Group (02005) received production registration for Propafenone Hydrochloride Injection from the National Medical Products Administration [1] - China Aluminum (02600) plans to jointly acquire 68.6% of Brazilian Aluminum from Rio Tinto and will initiate a mandatory offer [1] - Yanzhou Coal Mining (01171) plans to transfer 100% equity of Inner Mongolia Xintai Coal [1] - Botai Car Union (02889) plans to collaborate with Ping An Property & Casualty to reconstruct the smart travel insurance ecosystem [1] - Jin Jing New Energy (01783) signed a strategic framework agreement with Tianqi Grand for lithium battery recycling and precious metal extraction [1] - Guangdong-Hong Kong-Macau Holdings (01396) subsidiary Hongce Data introduces Fudian Capital as a strategic investor for 40% equity [1] - China Mobile (00941), China Unicom (00762), and China Telecom (00728) will adjust the applicable scope of value-added tax for telecom services [1] Operating Performance - BYD Company (01211) sold approximately 210,000 new energy vehicles in January [2] - Geely Automobile (00175) reported total vehicle sales of 270,200 units in January, a year-on-year increase of about 1% [2] - Chery Automobile (09973) saw total sales of 191,500 vehicles in January, a year-on-year decrease of about 10.7% [2] - Seres (09927) reported total vehicle sales of 45,900 units in January, a year-on-year increase of 104.85% [2] - Great Wall Motors (02333) sold approximately 90,300 vehicles in January, a year-on-year increase of 11.59% [2] - Li Auto-W (02015) delivered 27,668 new vehicles in January, a year-on-year decrease of 7.5% [2] - NIO-SW (09866) delivered 27,182 vehicles in January, a year-on-year increase of 96.1% [2] - GAC Group (02238) reported vehicle sales of 116,600 units in January, a year-on-year increase of 18.47% [2] - Great Wall Motors (02333) released a preliminary report indicating a net profit attributable to shareholders of 9.912 billion yuan for 2025, a year-on-year decrease of 21.71% [2] - Shandong Gold (01787) expects a net profit attributable to shareholders of approximately 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% [2] Earnings Forecast - SF Express (09699) expects a year-on-year profit increase of no less than 80% for 2025 [3] - China International Capital Corporation (03908) anticipates a net profit attributable to shareholders of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% [3] - China Shenhua (01088) expects a year-on-year decline in net profit for 2025 [3] - Datang Power (00991) anticipates a net profit of approximately 6.8 billion to 7.8 billion yuan for 2025, a year-on-year increase of about 51% to 73% [3] - China Southern Airlines (01055) expects a net profit attributable to shareholders of 800 million to 1 billion yuan for 2025, turning a profit [3] - Air China (00753) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.9 billion yuan for 2025 [3] - China Eastern Airlines (00670) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.8 billion yuan for 2025 [3] - GAC Group (02238) expects a net loss attributable to shareholders of 8 billion to 9 billion yuan for 2025 [3] - Ansteel (00347) warns of a net loss attributable to shareholders of approximately 4.077 billion yuan for 2025, a year-on-year narrowing of 42.75% [3] - Junshi Biosciences (01877) warns of a net loss attributable to shareholders of approximately 873 million yuan for 2025, a year-on-year decrease of about 31.85% [3]

Group 1 - CATL signed a strategic cooperation agreement with the Yunnan provincial government to focus on new energy batteries, green energy, green transportation, and low-altitude economy, planning to build a green lithium battery manufacturing base with construction expected to start in Q1 2026 [3] - BYD and Kim Long Automotive signed a strategic cooperation agreement to establish a new energy battery factory in Vietnam with a total investment of $130 million, aiming for an annual production capacity of 3 GWh in the first phase and 6 GWh in the second phase [6] - Huake New Energy announced a long-term cooperation agreement with BYD to supply at least 100,000 tons of battery materials annually for three years, ensuring stable supply for BYD's Hubei project [7] Group 2 - Chuangneng's 70 GWh lithium battery project in Xiangyang reached a structural topping-out milestone for its first cell workshop, with a total investment of 22 billion yuan [8] - Zhongchu Innovation established a new company in Zigong, Sichuan, focusing on battery manufacturing and sales, with a 51% stake held by Zhongchu Innovation [9] - Far East Group expects to achieve a net profit of 45 million to 65 million yuan in 2025, marking a turnaround from losses in the previous year [10] Group 3 - Sanyuan Technology and Imerys made significant progress in their strategic cooperation, successfully completing the production verification of active negative electrode materials in Switzerland [12] - Dinglong Co. plans to acquire a 70% stake in Shenzhen Haofei New Materials for 630 million yuan, enhancing its position in the lithium battery supply chain [13] - Fengyuan Lithium Energy's project for producing high-energy lithium-ion battery cathode materials has officially started trial production, with an annual capacity of 50,000 tons [14] Group 4 - Jiangxi Fuli New Energy's project for producing 50,000 tons of lithium hexafluorophosphate has received approval, with a total investment of 5.1 billion yuan [15] - Tianci Materials' project for producing 200,000 tons of lithium battery electrolyte and 100,000 tons of battery recycling has been completed and put into production [16][17] - Nord Co. plans to upgrade its 15,000-ton production line for copper foil, with an estimated investment of 168 million yuan [18] Group 5 - Tianjin Aiwo New Energy completed a multi-million angel round financing to support the development of lithium-rich manganese oxide cathode materials [19] - Jiangxi Copper Technology submitted an application for listing on the Hong Kong Stock Exchange, focusing on high-performance electrolytic copper foil [20] - Three companies, Zhongyi Technology, Tongguan Copper Foil, and Jiayuan Technology, expect to turn profitable in 2025, with significant year-on-year profit increases [21] Group 6 - Xian Dao Intelligent expects a net profit increase of 424% to 529% in 2025, with a projected profit of 1.5 billion to 1.8 billion yuan [23] - Lianying Laser has provided all-solid-state battery equipment for two leading clients, indicating its involvement in the solid-state battery sector [24] - Gao Neng Shuzhao completed two rounds of financing to accelerate the development of solid-state battery technology [25] Group 7 - Fujian Green Power Technology's waste lithium battery recycling project is set to be approved, with an annual processing capacity of 5,000 tons [27] - Shaanxi Ankang's waste lithium battery recycling project is planned to be built in two phases, with a total investment of 800 million yuan [28] - Xiaomi's new energy vehicle sales reached 258,200 units in 2025, leading the new energy vehicle market [30]

Group 1 - The company, JinJing New Energy, has entered into a strategic framework agreement with Tianqi GrandVision Energy Limited to enhance collaboration in core R&D areas, particularly in lithium-ion battery recycling technology [1][2] - The agreement includes the establishment of a joint laboratory or project to address key challenges in the full-cycle recycling technology and to jointly apply for research funding in Hong Kong and internationally [1] - The partnership aims to create a capital cooperation relationship through cross-equity investment after completing feasibility studies, focusing on developing closed-loop battery recycling technology and enhancing processing capabilities in Hong Kong [1] Group 2 - The board believes that the agreement will generate strong operational and industrial synergies for both parties, optimizing resource allocation and improving overall recycling efficiency [2] - The collaboration is expected to create higher value throughout the lithium battery lifecycle, thereby enhancing competitiveness and profitability in the evolving battery materials industry [2]

Summary of the Conference Call for Jingjin Equipment Company Overview - **Company**: Jingjin Equipment - **Industry**: Filtration and Separation Equipment Key Points Industry and Market Dynamics - Mining revenue accounted for 30% of total revenue in the first half of the year, with good demand for non-ferrous metals and stable coal demand [2][3] - The chemical industry is expected to recover by 2025, with investments in Xinjiang potentially providing support [2] - Product prices are at a low point, with limited room for further decline [2] Financial Performance and Strategies - The company's pricing strategy has significantly impacted gross margins, with expectations of a recovery in gross margins around Q1 or Q2 of 2027 [2][4] - The company has been actively lowering prices to ensure cash flow and secure orders, particularly in sectors with weak demand [3] - The overall gross margin is expected to decline further in 2025 due to the predominance of lower-priced orders [4] Competitive Landscape - The filtration industry is experiencing a clearing of smaller companies, while Jingjin Equipment, as a market leader, continues to maintain profitability [5][6] - Many competitors are facing significant operational pressures due to high accounts receivable and longer payment terms [5][6] Raw Material Costs - Raw material costs, particularly for polypropylene and steel, are stable with no significant upward trends [7] - The company does not have plans to raise prices unless there is a significant increase in raw material costs or a surge in orders [7] Business Segments - The complete equipment business has seen rapid growth, with a revenue increase of approximately 30% in the first half of 2026 [8] - The company aims to provide a diverse range of products and services, focusing on complete production line equipment [8] International Expansion - International business is a key strategic direction, with actual growth exceeding reported figures due to increased orders from domestic clients in countries like Indonesia [9][10] - The company is expanding its number of agents and increasing direct sales to drive international business growth [9][10] - There are no plans for overseas capacity acquisitions [11] Sector-Specific Insights - The mineral processing industry is under close watch, especially in the non-ferrous metals sector for 2026 [12] - The environmental sector is showing signs of recovery, but the extent remains uncertain [13] - The new energy sector is expected to see recovery driven by downstream customer expansions and project implementations, particularly in lithium battery recycling [15][16] Future Outlook and Capital Expenditure - The company plans to invest 200-300 million annually over the next two years in the filtration complete equipment phase three project, which will not affect dividends [20] - The company aims to maintain a stable dividend ratio to continuously reward investors [20] Emerging Opportunities - The filtration equipment is versatile and can adapt to new industries such as new materials and synthetic biology, which may drive future demand [21]

Core Viewpoint - The company, Baile Technology (603959.SH), has approved a proposal to invest in a new subsidiary in Changzhou to diversify its business and enhance product application scenarios [1] Group 1: Investment Details - The company plans to establish a controlling subsidiary named Changzhou Baile Powder Integration System Co., Ltd. to develop solid-state battery material production systems and lithium battery dismantling and recycling equipment systems [1] - This investment does not involve related party transactions and does not constitute a major asset reorganization as defined by the regulations [1] - The proposal does not require submission for shareholder meeting approval [1]

Core Viewpoint - Tianqi Co., Ltd. has achieved a four-day consecutive limit-up in stock trading, indicating strong market interest and investor confidence in the company's recent developments [1] Group 1: Stock Performance - The stock was capped at the limit-up price at 9:38 AM, with a trading volume of 1.554 billion yuan and a turnover rate of 19.18% [1] Group 2: Fundraising and Business Development - The company recently disclosed a plan for a private placement to raise funds, which will be used for the construction of a robotics embodiment intelligence system R&D center aimed at the automotive industry, the establishment of an intelligent manufacturing base for automotive equipment, and to supplement working capital [1] - The robotics business has already established partnerships with several automotive manufacturers, indicating a strategic move to expand its market presence [1] Group 3: Market Trends - The expansion of lithium battery recycling capacity and related business layouts have attracted market attention, suggesting a growing interest in sustainable practices within the industry [1]

Core Viewpoint - Meiteng Technology's lithium battery physical recycling technology focuses on the pre-selection stage, utilizing physical separation methods to achieve purification and separation of positive and negative electrode powders with impurities less than 500 ppm [1] Group 1: Technology and Process - The technology achieves a membrane recovery rate of over 95% and an electrolyte recovery rate of over 90%, validated through experimental lines [1] - The technical route emphasizes short processes and low pollution, with a defined industrialization path and ongoing research and development [1] - The company is also conducting research on the restoration of positive and negative electrode materials, with preliminary results indicating that restored positive materials can achieve over 95% of the capacity performance of primary materials [1] Group 2: Confidentiality and Development - To ensure the confidentiality of technology and the smooth progress of research and development, the company is currently unable to disclose specific information [1]