Group 1 - The company is focusing on expanding its overseas mainframe supporting business in Thailand [1] - The company is leveraging its base in Malaysia to extend its operations to Malaysia, Indonesia, and Thailand [1]

格隆汇11月19日丨紫建电子(301121.SZ)在互动平台表示，公司一直致力于固态电池技术方面的研发工 作，并取得了"一种满足高倍率充放电的固态电池"实用新型专利等系列技术成果；目前，公司的半固态 电池已向客户送样，积极推进与相关方的交流和合作；另外，公司也在继续跟进固态电池的研究、应用 开发及产品测试等各项工作。 ...

Core Viewpoint - The company is actively developing solid-state battery technology and has completed the R&D phase for semi-solid batteries, which are now in customer testing stages [1] Group 1: Company Developments - The company’s subsidiary, Guoguang Electronics, is focusing on the solid-state battery sector and has fully developed semi-solid batteries with core intellectual property [1] - The semi-solid batteries demonstrate technical advantages in safety performance and temperature resilience, making them applicable to most current product systems [1] - The company is coordinating with customers for mass production based on the testing of end products and will provide updates to investors as progress is made [1]

宁德时代 自今年5月在香港上市以来已上涨92%，不过基石投资者限售股于周三解禁，其股价迎来关键 考验。"基石投资者的持股比例很高，宁德时代股价可能会面临一些压力，" 光大证券 国际策略师 Kenny Ng表示。"此外，宁德时代上市后的股价涨幅相当显著，而且H股相对于A股存在溢价。从资本 角度来看，我认为投资者可能会倾向于早早卖出锁定利润。" ...

Group 1 - The company Zhejiang Hengwei Battery Co., Ltd. held its first extraordinary general meeting of shareholders on September 15, 2025, where several resolutions were passed, including changes to the purpose of share repurchase and the adjustment of the organizational structure and board seats [2] - The company has completed the registration and filing procedures for changes in business registration and has obtained a new business license from the Zhejiang Provincial Market Supervision Administration, with a registered capital of 102.416 million yuan [2] - The company’s business scope includes battery manufacturing and sales, household appliance manufacturing and sales, production and sales of battery accessories, and research and development of electronic materials and new materials [2] Group 2 - The company made adjustments to certain provisions of its Articles of Association as required by the Zhejiang Provincial Market Supervision Administration, which do not differ materially from the content approved at the first extraordinary general meeting of shareholders [3] - The company has disclosed the full text of the revised Articles of Association on the Giant Tide Information Network [3] - The company’s board of directors announced the completion of the registration and filing of the revised Articles of Association [5]

据公告，本次询价转让收到有效报价单共55份，涵盖基金管理公司、合格境外机构投资者、保险公司、 证券公司、私募基金管理人等专业机构投资者。参与本次询价转让报价的机构投资者合计有效认购股份 数量约1.47亿股，对应的有效认购倍数为3.2倍。 公开资料显示，黄世霖为宁德时代联合创始人。宁德时代2025年三季报显示，黄世霖为公司第三大股 东。按转让价376.12元/股计算，黄世霖本次询价转让套现约172亿元。 【深圳商报讯】（记者 钟国斌）宁德时代（300750）创始股东拟减持转让价出炉。11月17日晚，宁德 时代发布公告称，经向机构投资者询价后，初步确定的转让价格为376.12元/股，本次询价转让价格较 17日收盘价折价3.8%。拟转让股份已获全额认购，初步确定受让方为16家机构投资者，拟受让股份总 数为4563.24万股。 11月14日，宁德时代发布公告称，公司股东黄世霖因自身资金需求拟参与询价转让，转让股份总数为 4563.24万股，占公司总股本的比例为1%。截至11月13日，黄世霖持有宁德时代股份4.66亿股，占公司 总股本的10.21%。 宁德时代公告指出，本次询价转让为非公开转让，不通过集中竞价交易或大宗 ...

Financial Data and Key Metrics Changes - KULR Technology Group reported approximately $6.9 million in revenue for Q3 2025, representing a 116% year-over-year growth and a 75% sequential increase from the previous quarter [4] - The company achieved a new trailing 12-month revenue record of $16.7 million, marking the fifth consecutive quarter of revenue growth compared to the prior year [23] - Product revenue grew by 112%, while services revenue declined by 74% [23] - The company has approximately $140 million in cash and digital assets, with no debt following the repayment of an $8 million loan [4] Business Line Data and Key Metrics Changes - The transition from a service-oriented to a product-driven company is evident, with product revenue more than doubling [4] - KULR One Air was launched, resulting in over 150 battery SKUs, positioning the company in a rapidly growing market [5][10] - The company is expanding its KULR One platform into AI data centers and telecom infrastructure, indicating a strategic shift towards high-demand markets [5][6] Market Data and Key Metrics Changes - The UAV and drone battery market is projected to grow from approximately $1.5 billion in 2025 to over $2.4 billion by 2030, driven by increased adoption in various sectors [11] - KULR's KULR One Max platform is positioned to meet the growing energy demands of AI data centers, which are experiencing significant power consumption increases [14] Company Strategy and Development Direction - KULR aims to capitalize on a super growth cycle in energy storage and management, with expectations of tenfold growth over the next three years [5] - The company plans to expand its Texas headquarters to over 100,000 sq ft and scale production from a few thousand to over 50,000 battery packs per month by mid-2026 [6][13] - KULR is focusing on building a domestic, secure battery supply chain, leveraging its Texas-based operations as a strategic advantage [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for advanced energy storage solutions across core markets, including UAVs, drones, and AI data centers [7][8] - The company is committed to maintaining a strong cash position and no debt to navigate market volatility [30][40] - Management anticipates significant revenue growth in 2026, driven by increased customer engagements and market demand [46] Other Important Information - KULR's Bitcoin treasury strategy involves disciplined acquisitions through mining operations, with a current Bitcoin holding valued at approximately $120 million [17][26] - The company is also developing KULR Vibe, a vibration mitigation technology for aviation, which is gaining traction in both civilian and government sectors [19][20] Q&A Session Summary Question: What is KULR's strategic priorities today as a Bitcoin treasury company with operations? - Management emphasized a focus on core energy management and storage business, alongside vibration reduction technologies, which are expected to drive revenue growth for 2026 [28] Question: What is the long-term strategy for the Bitcoin treasury and mining operations? - The strategy includes growing Bitcoin holdings through mining, which aligns with energy storage solutions, while maintaining a strong cash position to buffer against market volatility [29][30] Question: What outcomes have been achieved in terms of institutional participation and market perception since the reverse split? - Institutional ownership has more than doubled since the reverse split in June 2023, and management confirmed there is no basis for considering another reverse split [32] Question: Can management provide updates on partnerships and their contribution to revenue? - Management noted steady progress on partnerships across various sectors, emphasizing the importance of these engagements for long-term product integration [33][35] Question: How is management viewing changes in relation to revenue growth and stock price appreciation? - Management believes that revenue growth will lead to stock price appreciation, supported by a strong balance sheet and increasing market demand [44][46]

Financial Data and Key Metrics Changes - KULR Technology Group reported approximately $6.9 million in revenue for Q3 2025, representing a 116% year-over-year growth and a 75% sequential increase from the previous quarter [4][23] - The company achieved a new trailing 12-month revenue record of $16.7 million, marking the fifth consecutive quarter of revenue growth compared to the prior year [23] - Product revenue grew by 112%, while services revenue declined by 74%, indicating a strategic shift towards a product-driven business model [23] Business Line Data and Key Metrics Changes - The transition from services to product revenue is evident, with product revenue more than doubling [4] - The launch of KULR One Air has resulted in over 150 battery SKUs, positioning the company in a rapidly growing market segment [5][11] Market Data and Key Metrics Changes - The UAV and drone battery market is projected to grow from approximately $1.5 billion in 2025 to over $2.4 billion by 2030, driven by increased adoption in various sectors [12] - KULR is expanding its KULR One platform into AI data centers and telecom infrastructure, tapping into some of the fastest-growing energy markets globally [5][14] Company Strategy and Development Direction - KULR aims to grow its energy storage and management business tenfold over the next three years, supported by a strong financial foundation and strategic investments [5] - The company plans to expand its Texas headquarters to over 100,000 sq ft and scale production significantly to meet rising demand [6][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering a super growth cycle as demand surges for advanced energy storage solutions across core markets [8] - The company is well-positioned to capitalize on the increasing demand for high-performance energy systems, particularly in the context of AI and telecom infrastructure [9][10] Other Important Information - KULR holds approximately $120 million in Bitcoin, reflecting a disciplined approach to its digital asset strategy [26][34] - The company has no debt and a strong cash position, allowing it to navigate market volatility effectively [34] Q&A Session Summary Question: What is KULR's strategic priorities today as a Bitcoin treasury company with operations? - KULR's priorities are focused on its core energy management and storage business, alongside vibration reduction technologies, both of which are expected to drive strong revenue growth for 2026 [27] Question: What is the long-term strategy for the Bitcoin treasury and mining operations? - The company believes in a favorable long-term pricing outlook for Bitcoin and has shifted to growing its position through mining, which also aligns with its energy storage solutions [29] Question: What outcomes have been achieved in terms of institutional participation and market perception since the reverse split? - Since the reverse split in June 2023, institutional ownership has more than doubled, and there are no plans for another reverse split [30] Question: Can management provide updates on partnerships with government, military, aerospace, and corporate sectors? - KULR is making steady progress on partnerships, which involve multi-stage qualification and certification processes, and these engagements are crucial for establishing long-term pathways for product integration [31] Question: What concrete steps is management taking to stabilize the stock price? - The primary focus is on accelerating revenue growth in core markets, with significant traction in autonomous systems and energy storage solutions [33]

Key Insights - Multiple listed companies disclosed their latest developments in the automotive and battery sectors through various channels on November 18 [1] Automotive - Deep Blue Automotive emphasized that safety is more important than speed for young consumers [1] - Seres is actively expanding into overseas markets and is committed to advancing its high-end smart electric vehicle export strategy [1] Battery - Zhongwei Co. has secured orders for sodium batteries at a thousand-ton level and has achieved rapid mass production of 3/4 generation phosphate materials [1] - Anfu Technology reported a robust order backlog in its battery main business and plans to add 500 million units of production capacity [1] Chips - Xiechuang Data stated that its storage business covers the entire industry chain from storage chip packaging to storage module assembly [1] - Zhaosheng Microelectronics expects that as the utilization rate of its chip production capacity increases, the negative impact of self-produced wafer costs on overall gross margin will gradually diminish [1] - Yintang Zhikong reported a significant year-on-year increase in its storage chip business due to industry demand [1] Other - Sanmu Group clarified that it has not undertaken any projects or investments in Pingtan County [1] - JieJie Microelectronics mentioned that its current relationship with Huawei is indirect cooperation [1] - Liren Lizhuang noted that its prepared dish product line contributes a very low proportion to the overall revenue [1] - Dashengda holds a 5.625% stake in Zhejiang Qusu Technology [1] - Huate Gas has generated sales orders for new products including ethyl silane, hydrogen bromide, and boron trichloride, achieving results in product transformation [1] - Dongrui Co. anticipates supplying approximately 260,000 live pigs to Hong Kong and Macau in 2025 [1] - Qixiang Tengda expects a quarter-on-quarter improvement in the profitability of its main products in the fourth quarter [1]

Core Points - Ningde Times announced the results of the fourth vesting period for its 2021 stock option and restricted stock incentive plan, with a total of 300,382 shares vesting, representing 0.01% of the company's total share capital [1] - A total of 212 individuals received the restricted stock, which was issued through a targeted offering of the company's A-shares [1] - The shares from this vesting will be available for trading starting November 20, 2025 [1]