Core Viewpoint - The company, Dingsheng Technology, has signed an investment cooperation agreement to establish a joint venture focused on the green recycling of used lithium-ion batteries in Pizhou, Jiangsu Province [1] Group 1: Joint Venture Details - The joint venture will be named Beikang Resource Technology (Jiangsu) Co., Ltd. and will focus on the green recycling of used lithium-ion power batteries [1] - The registered capital of the joint venture is set at 788 million yuan, with Dingsheng Technology contributing 78.8 million yuan, representing a 10% equity stake in the joint venture [1]

当升科技公告，公司与北京北矿资环科技有限公司、邳州市循环经济产业园开发建设有限公司、诚通科 创投资基金（北京）合伙企业（有限合伙）于2025年10月16日签订《投资合作协议》，拟以共同投资方 式在江苏省邳州市设立合资公司北矿资环科技（江苏）有限公司。合资公司注册资本为人民币7.88亿 元，其中，公司拟以货币方式认缴出资7880万元，持有合资公司10%股权。合资公司成立后将投资新 建"废旧锂离子动力电池绿色循环利用项目"，项目分两期建设，一期拟建规模包括电池包拆解破碎能力 为1万吨/年，三元黑粉处理量为3.2万吨/年，废催化剂处理量为1500吨/年，生产三元前驱体1.1万吨/ 年，碳酸锂5460.5吨/年。 ...

Group 1: Company Listings and Filings - Five companies submitted listing counseling reports for approval in the domestic market from September 15 to September 21 [2] - Benyuan Quantum Computing Technology (Hefei) Co., Ltd. focuses on quantum computing and has received a total of 9 rounds of financing since 2017, with a valuation of 7.1 billion [3][4] - Beijing Weina Star Technology Co., Ltd. specializes in satellite manufacturing and has successfully launched 27 satellites, with a valuation of 1 billion [5][6] - Shenzhen Car Cool Technology Co., Ltd. is a multifunctional automotive emergency power supply provider and has completed 5 rounds of financing since 2021 [7][9] - Qingdao Haishenlin Hair Products Group Co., Ltd. focuses on high-end wig production and has completed 4 rounds of financing since 2021 [10][11] - Zhejiang Weibang Sports Technology Group Co., Ltd. specializes in outdoor sports products and has submitted a listing counseling report [12] Group 2: Industry Trends - The commercial aerospace sector is experiencing a listing boom, with several unicorn companies entering the counseling or application stages for public offerings [7] - Three companies passed the counseling acceptance from September 11 to September 21, indicating a positive trend in the market [15][16] - Five companies had their listing counseling terminated during the same period, reflecting the dynamic nature of the market [22] Group 3: Company Profiles and Financing - Anshi Biotechnology Co., Ltd. focuses on targeted cancer drug development and has completed 4 rounds of financing since 2021 [16][17] - Guangdong Zhongsu New Materials Co., Ltd. specializes in modified engineering plastics and has undergone 2 rounds of financing in 2022 [18][19] - Zhuzhou Times Huaxin New Materials Technology Co., Ltd. is involved in the research and production of polymer materials and has completed 6 rounds of financing since 2019 [20][21]

Core Viewpoint - The company is establishing itself as a leader in the waste lithium battery recycling industry through innovative technology and increased production capacity [1][2][3]. Group 1: Company Operations - The company has two production lines operating at full capacity, with a quarterly revenue exceeding 50 million yuan and an expected annual revenue of 200 million yuan [1]. - The company plans to complete a lithium battery recycling project by 2024, capable of processing 10,000 tons of various lithium batteries and 20,000 tons of electrode sheets annually, making it one of the largest physical dismantling production lines in the country [1]. - The company is expanding its production capacity with a 50,000-ton project already installed and in testing, alongside a 150,000-ton lithium battery recycling project that will increase annual processing capacity to 200,000 tons and generate 5 billion yuan in annual revenue [3]. Group 2: Technological Innovation - The company has developed an automated dismantling line for electric vehicle battery packs and power tool battery modules, utilizing a nitrogen protection system for low-temperature crushing without prior discharge [2]. - The company has filed for 6 invention patents and 16 utility model patents, with plans to add 5 more invention patents this year, focusing on converting technological advantages into product advantages [2]. - The company's nitrogen protection crushing system addresses safety production challenges in the industry, achieving a product recovery rate of over 98% with its advanced sorting system [2].