Group 1 - The company's stock experienced abnormal trading fluctuations, with a cumulative price deviation exceeding 30% over three consecutive trading days from July 7 to July 9, 2025 [1] - The company conducted a thorough verification of the situation, confirming no undisclosed significant matters that could impact stock prices [2][3] - The board of directors has ensured that all necessary disclosures have been made in accordance with relevant regulations, and there are no pending significant matters that require disclosure [2]

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the copper foil sector, particularly in relation to electric heavy trucks, commercial vehicles, energy storage, and the recovery of demand for new energy vehicles in Europe. [1][2] Key Points and Arguments 1. **Market Demand Recovery**: The demand for electric heavy trucks, commercial vehicles, and energy storage is showing signs of recovery, with preliminary production in July increasing by single digits month-over-month, confirming strong end-user demand. [2][3] 2. **Legislative Impact**: The details of the U.S. "Inflation Reduction Act" may lead to a rush in orders in the second half of 2025, as restrictions on foreign sensitive materials aid may come into effect starting in 2026. [2][3] 3. **Solid-State Battery Catalysts**: The second half of the year presents multiple catalysts for the solid-state battery sector, with a focus on dry electrode equipment manufacturers and advancements in lithium sulfide and current collector materials. [1][4] 4. **AI Demand Influence**: High-end copper foil is benefiting from AI demand, with expectations for increased domestic production rates as AI server and switch upgrades drive product enhancements. [1][4][5] 5. **Company Acquisitions**: Defu's acquisition of Luxembourg-based CFL enhances its competitiveness in the high-end electronic circuit copper foil market, with CFL having a production capacity of 16,800 tons of electronic circuit copper foil. [1][6][10] 6. **Production and Sales Forecast**: Defu anticipates a monthly shipment of 100-200 tons for RTF and HVLP products in Q2 2025, with an annual total of approximately 2,000 tons. [9][11] 7. **Profitability Outlook**: Defu aims to capture a 30% market share in the RTF and HVLP sectors, projecting around 800 million yuan in profits. [11][12] 8. **Challenges in Solid-State Technology**: The solid-state battery sector faces challenges with traditional current collectors being susceptible to corrosion, necessitating strict anti-corrosion treatments. [17] Additional Important Information - **Consumer Electronics Recovery**: The recovery in the consumer electronics sector has led to improved gross and net profit margins for companies, with significant contributions expected from recent acquisitions. [16] - **Dragon Electronics Progress**: Dragon Electronics is advancing its HVLP fifth-generation products, with plans for mass production by Q4 2025. [15] - **Future Development Expectations**: Companies are optimistic about profit growth over the next three years, driven by new product launches and market recovery. [16] This summary encapsulates the key insights and developments discussed in the conference call, highlighting the copper foil industry's dynamics, legislative influences, and company-specific strategies and forecasts.

Group 1 - The article discusses various financial metrics and projections for different companies and sectors in China, highlighting significant figures and trends in revenue and costs [1][2][3] - It mentions the expected financial performance for the year 2024, with specific attention to projected revenues and expenses across various industries [2][3] - The data includes detailed figures such as 84,412.86 for agricultural regulations and 46,182.94 for data services, indicating the scale of operations in these sectors [1][2] Group 2 - The report outlines the anticipated changes in contract values and payment structures, with a focus on the percentage of expected payments, such as 40% for certain contracts [2][3] - It highlights the importance of compliance with regulations and the impact of these on financial performance, particularly in sectors like agriculture and technology [1][2] - The document also provides insights into the expected market conditions and operational challenges that companies may face in the upcoming fiscal year [2][3]

Group 1 - The Chinese government emphasizes the importance of maintaining security and stability in the Persian Gulf region, which is crucial for international trade and energy supply [2] - The International Atomic Energy Agency (IAEA) reports significant damage to Iran's Fordow underground nuclear facility due to U.S. strikes, indicating severe impacts on the facility's operational capacity [2] - The Shenzhen Securities Information Company announces plans to release several indices related to the ChiNext market by June 2025 [3] Group 2 - The China Securities Regulatory Commission (CSRC) has received applications for new ETFs from E Fund and Huaxia Fund, coinciding with the implementation of the optimized Shanghai 380 Index [3] - The Ministry of Industry and Information Technology outlines a plan for the high-quality development of the gold industry, targeting a 5%-10% increase in gold resource volume and over 5% growth in gold and silver production by 2027 [3] - The National Federation of Industry and Commerce's Automotive Dealers Chamber calls for manufacturers to optimize rebate policies and shorten the rebate payment period to no more than 30 days [3] Group 3 - Guangzhou's government releases a three-year action plan to promote the development of smart connected new energy vehicles, aiming for significant industry transformation by 2027 [4] - Nord Technology reports that its copper foil business, used in solid-state batteries, currently contributes less than 1% to total revenue [6] - Xingye Co. states that its phenolic resin for semiconductor photoresists is still in the sample testing phase and does not currently impact performance [7] Group 4 - JinkoSolar achieves third-party certification for its high-efficiency N-type monocrystalline solar cells and N-type TOPCon photovoltaic modules [8] - Guotou Zhonglu plans a major asset restructuring, leading to a stock suspension starting June 24 [9] - Chang'an Automobile announces a change in its controlling shareholder to "Chengzhi Automotive Technology Group Co., Ltd." [10] Group 5 - China Securities firms are focusing on sectors with improving mid-year performance forecasts, particularly in electronics, machinery, pharmaceuticals, defense, and metals [12] - Zhongyuan Securities suggests three strategies for investing in the brokerage sector, emphasizing leading firms and those with significant performance elasticity [13] - Ping An Securities notes that the real estate market is in a phase of adjustment, with potential recovery in core areas and quality properties [14]

Group 1: Company News - Nord Technology has seen its copper foil business applied in solid-state battery fields, contributing less than 1% to total revenue [3] - Anhui Instrument Technology signed a joint laboratory agreement with the Energy Research Institute to establish a research lab for key vacuum measurement devices in nuclear fusion [4] - Xingye Co. is currently in the sample testing phase for phenolic resin used in semiconductor photoresist, which does not yet impact performance [5] - Guotou Zhonglu is planning a major asset restructuring, with stock suspension starting June 24 [5] - Jieqiang Equipment's stock is experiencing significant abnormal trading fluctuations, indicating overheated market sentiment [5] - Zhuhai Guanyu has been designated by Dongfeng Nissan to develop and supply low-voltage lithium batteries for vehicles [5] - Huasheng Co. plans to acquire 100% of Yixin Technology, with stock resuming trading on June 24 [5] - Inspur Information intends to repurchase shares worth 200 million to 300 million yuan [5] - JinkoSolar's 182N-type high-efficiency monocrystalline silicon cells and N-type TOPCon high-efficiency photovoltaic modules have received third-party certification for conversion efficiency [5] - Changan Automobile's controlling shareholder has changed its name to "Chen Zhi Automobile Technology Group Co., Ltd." [5] - Jiuzhang Bio's shareholder, China Pharmaceutical Investment Co., plans to increase its stake in the company by no less than 30 million yuan [5] - Congsheng Co. is set to collaborate with Chongqing Jinggang Transmission on the development of robotic harmonic reducers and intelligent joint technology [5] - Sanhua Intelligent Control's H-shares were listed on the Hong Kong Stock Exchange on June 23 [5] - Tianyi Ma intends to acquire 100% of Xingyun Kaiwu, with stock resuming trading [5] - Zhongda An's controlling shareholder is planning to issue shares to specific objects, with stock continuing to be suspended from June 24 [6] Group 2: Industry Developments - The Guangzhou Municipal Government has issued a three-year action plan to promote the development of the intelligent connected new energy vehicle industry, aiming for significant transformation and upgrades by 2027 [2]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 近日，国家知识产权局发布《关于第二十五届中国专利奖授奖的决定》(国知发运字〔2025〕20号)，广 东嘉元科技股份有限公司（以下简称"公司"）申报的"二次电池用低翘曲电解铜箔、制造方法"及"一种 普强型锂离子电池用极薄电解铜箔的制备方法"共两项发明专利荣获中国专利优秀奖。"一种普强型锂离 子电池用极薄电解铜箔的制备方法"还在2024年获得了广东省专利奖金奖，这是对公司研发创新和知识 产权工作的充分认可，同时也是公司在知识产权领域的新突破。相关专利信息情况如下： ■ 广东嘉元科技股份有限公司 董事会 2025年6月9日 本次获奖是对公司研发创新能力和知识产权管理水平的充分肯定，同时提升了公司在铜箔行业中的影响 力，对加速新材料领域的技术突破和新能源电池产业的进步具有推动作用。未来，公司将继续推动生产 技术研发创新和企业知识产权建设，加快研发成果转化，不断提高企业核心竞争力。 此次获奖事项不会对公司本年度财务状况产生重大影响，敬请广大投资者注意投资风险。 特此公告。 中国专利奖是 ...

Group 1 - Dazhu CNC has submitted an IPO application to the Hong Kong Stock Exchange, positioning itself as a leading provider of PCB production equipment solutions [1] - According to the prospectus, Dazhu CNC is the largest manufacturer of PCB-specific production equipment globally, with a market share of 6.5% based on projected 2024 revenue [1] - Financial data indicates that Dazhu CNC's revenues for 2022, 2023, and 2024 are projected to be 2.786 billion, 1.634 billion, and 3.343 billion respectively, with net profits of 432 million, 148 million, and 452 million [1] Group 2 - Tongguan Copper Foil has successfully exported its electronic circuit copper foil products to Malaysia, expanding its international market presence [2] - The company has achieved a significant milestone with its HVLP series copper foil sales surpassing 1,000 tons, indicating strong market competitiveness [4] - In the first four months of 2025, sales of the HVLP series have already exceeded the total sales for the entire year of 2024, demonstrating continuous growth [4]

Core Viewpoint - The company, Nord Co., has announced a stock option incentive plan aimed at enhancing its competitive edge in the copper foil industry, which is facing talent shortages and a need for technological advancement [1][2]. Group 1: Stock Option Incentive Plan - The total number of stock options to be granted under the incentive plan is 35 million, accounting for 2.02% of the company's total share capital of 1,735.18 million shares [1]. - The exercise price for the stock options is set at 3.41 yuan per share [1]. - The first and reserved grant's performance targets for 2025 require either a 30% increase in copper foil sales volume or a 30% increase in revenue compared to 2024 [1]. - The second grant's performance targets for 2026 also require a 30% increase in sales volume or revenue compared to 2025 [1]. - A total of 124 individuals, including directors, senior management, and key technical and business personnel, are included as incentive recipients [1]. Group 2: Industry Context and Implications - The copper foil industry is characterized by intense competition for talent and a scarcity of individuals with core technical and management expertise [2]. - The introduction of the stock option plan is expected to create a long-term incentive mechanism that enhances internal cohesion and supports business growth [2]. - The exercise price being close to the current stock price reflects the company's confidence in its long-term development [2]. - The industry has been experiencing a slowdown in new capacity construction due to consecutive losses, leading to the elimination of some smaller firms and accelerating industry consolidation [2]. - The performance of Nord Co. in Q1 2025 showed a significant year-on-year increase in net profit by 60.1%, indicating a potential industry turning point [3]. - Other copper foil manufacturers, such as Jiayuan Technology and Defu Technology, have also reported varying degrees of growth, suggesting an overall improvement in the industry [3].

超薄电子铜箔指厚度≤12微米的铜箔材料，因其轻薄化特性被广泛应用于储能电池（如锂离子电池、钠 离子电池）及高速印刷电路板（PCB）领域。在储能场景中，超薄铜箔主要作为负极集流体，承担活性 物质载体与电子传输功能，其厚度直接影响电池的能量密度、成本及安全性。 从产品分类看，储能用超薄电子铜箔主要按厚度（常规8-12μm、主流6-8μm、高端≤6μm）、工艺（电 解法主导、压延法高端）、表面处理（光面降内阻、毛面强附着力）和应用场景（动力/储能/固态电池 差异化需求）分类，其中6-8μm电解铜箔凭借性价比主导储能市场，而极薄化（≤4.5μm）和复合集流体 成为技术突破方向，中国企业在中端市场优势明显，但高端产品仍面临日韩竞争。 内容概要：在"双碳"战略目标引领下，我国新型储能产业迎来爆发式增长，这一快速发展态势直接带动 储能电池用超薄电子铜箔需求激增。数据显示，2024年我国超薄电子铜箔总产能已突破25万吨，其中储 能专用铜箔产能占比达40%，约10万吨规模。随着新型电力系统建设加速推进，预计2025年中国储能电 池用铜箔需求量将超过40万吨。在市场前景方面，受益于下游需求放量和产品结构升级，预计2025年中 国 ...

Core Viewpoint - The company, Jia Yuan Technology, has shown significant financial recovery and growth in the copper foil industry, indicating a turning point in the market driven by high-end technology breakthroughs and increasing demand from sectors like electric vehicles and energy storage [1][2][4]. Financial Performance - In 2024, Jia Yuan Technology achieved a revenue of 6.522 billion yuan, a year-on-year increase of 31.27% [1] - The first quarter of 2025 saw a revenue of 1.981 billion yuan, representing a remarkable year-on-year growth of 113%, with a net profit of 24.46 million yuan, marking a turnaround from previous losses [1][2]. Industry Trends - The copper foil industry is emerging from a cyclical low, with leading companies reporting profit rebounds through capacity restoration and technological upgrades [1][2]. - Demand for copper foil is recovering due to increased orders from the electric vehicle and energy storage sectors, alongside growth in PCB and semiconductor packaging [2]. Technological Advancements - Jia Yuan Technology has made significant strides in developing high-performance copper foil products, including RTF, FCF, HTE, HVLP, and ultra-thin copper foil for IC packaging [3]. - The company has invested 274 million yuan in R&D, a 16.44% increase year-on-year, and holds 422 authorized patents, including 198 invention patents [3]. Market Position and Strategy - Jia Yuan Technology has an annual copper foil production capacity exceeding 110,000 tons, with a production volume of 67,000 tons in 2024, a 15.57% increase from the previous year [5]. - The company is positioned as a leader in the industry, particularly in the production of ultra-thin lithium battery copper foil, and is expected to benefit from improving supply-demand dynamics [5]. Long-term Outlook - The company is seen as a key player in the lithium battery materials sector, poised for growth amid the global push for carbon neutrality and technological innovation [4][5]. - Jia Yuan Technology's current stock price reflects a significant disconnect from its technological premium and production scarcity, suggesting a favorable investment opportunity [4].