作为锂电装备领域的代表性企业，深圳市赢合科技（300457）股份有限公司(证券简称：赢合科技；证 券代码：300457)深度参与大会交流。公司董事、总裁何爱彬受邀在开幕式发表题为《拥抱变局，协同 共赢——装备助力共创全球新能源行业供应链区域化新生态》的主旨演讲，系统阐述了装备企业在全球 新能源供应链区域化浪潮中的角色定位、技术方向与产业使命。 从"装备提供商"走向"产业链协同伙伴" 当前，全球新能源产业链正经历深刻的变革，呈现出从以全球化为主逐步走向多元化、区域化发展的趋 势。地缘政治、贸易壁垒及技术标准分化，使得供应链安全、本土化运营成为新的行业关键词。 面对产业格局重塑，锂电装备行业迎来新的历史性角色转变——从传统的设备与解决方案供应商，转向 全球生产体系的"协同构建者"。在此过程中，区域化供应链的稳定性与竞争力重要性凸显，这也要求锂 电装备企业具备更强的技术韧性、更好的跨区域适配能力与更全面的全生命周期服务体系以适配新的竞 争格局。 依托多年沉淀的国际项目管理体系与全链条高效协同能力，赢合科技从贴合区域生产需求的技术方案个 性化适配，到贯穿生产全环节的严苛品控标准，再到跨国交付中的无缝衔接与全周期服务， ...

Core Viewpoint - The competition in the lithium battery equipment industry is shifting towards a global market, advanced technology, and intelligent manufacturing, with key factors including achieving a tenfold efficiency leap in core processes like laser cutting, establishing localized service systems globally, and positioning for next-generation solid-state batteries and AI manufacturing [2] Company Overview - HaiMoxing, as a representative of equipment companies focusing on laser technology, is leading the efficiency revolution and globalization in lithium battery manufacturing [3] - Dr. Zhao Shengyu, Chairman of HaiMoxing, emphasizes the company's strategic determination to prioritize customer interests despite challenges [5] Technological Advancements - The company is accelerating its layout in next-generation technologies, having secured over 400 million yuan in orders for a 2GWh production line from Xinjie Energy and delivered trial line equipment to top global clients [6] - In terms of intelligent manufacturing, the company is promoting large-scale implementation of AI, adopting a cross-disciplinary approach of "micro-nano and semiconductor" to tackle future challenges [7] Upcoming Conference Insights - Dr. Zhao will present a systematic overview of HaiMoxing's perspective on the "new order of global lithium battery equipment" at the upcoming conference [8] - Key areas of focus include: - Policy direction shifting from "subsidy-driven" to "rule-guided" [9] - Market dynamics evolving from "single-pole driven" to "multi-pole explosion" [10] - Technological evolution transitioning from "parallel exploration" to "convergent breakthroughs" [11] Strategic Initiatives - The company is addressing the critical question of how equipment firms can position themselves in the multi-route parallel landscape of the "post-lithium battery era" to avoid misdirection in technology investments [12] - HaiMoxing is advancing a "three localization" strategy (organization, service, innovation) which will be fully presented at the conference [13]

Core Insights - The lithium battery industry has evolved over 15 years, with equipment companies transitioning from followers to leaders in the sector [2] - The 2025 High-Performance Lithium Battery Annual Conference will take place from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen [3] - The conference will feature a 15th-anniversary celebration and the High-Performance Golden Ball Awards ceremony, along with the release of a blue paper and industry-focused thematic sessions [8] Industry Developments - Leading intelligent companies have achieved concentrated delivery of dry-process equipment for all-solid-state batteries, with mechanical speeds reaching up to 100m/min, capable of meeting production demands of 5-8 GWh per single line [2] - The domestic lithium battery industry is entering a new phase of capacity expansion, with GGII estimating that equipment bidding capacity will exceed 250 GWh in 2025 and potentially surpass 350 GWh in 2026 [6] - Leading intelligent companies have secured substantial orders amid this wave of lithium battery capacity expansion [6] Event Highlights - Wang Yanqing, Chairman of Leading Intelligent, will deliver a keynote speech during the conference [4] - The event is organized by GGII and features various sponsors, including Hai Moxing Laser and Dazhu Lithium Battery [1]

Core Viewpoint - The article highlights the growth and strategic positioning of Shenzhen Keri Technology Co., Ltd. in the lithium battery equipment sector, emphasizing its focus on mid-to-late stage equipment and its robust performance in the face of industry challenges [4][5][6]. Company Performance - In the first three quarters of 2025, Keri Technology reported impressive results: revenue of 1.761 billion yuan and a net profit of 247 million yuan, marking a year-on-year growth of 49.79%. The company's focus on mid-to-late stage lithium battery equipment contributed 434 million yuan in sales, becoming a core support for its growth [4][5]. Strategic Development - Keri Technology's development is characterized by a commitment to "persistence and adaptation." The company began its journey in 2007, initially focusing on consumer batteries and later transitioning to new energy equipment as the demand for power batteries surged post-2010 [6][7]. - The establishment of a new energy sub-brand and the acquisition of Huizhou Dingli Intelligent in 2021 allowed Keri Technology to enhance its comprehensive solutions for battery cell assembly, meeting customer demands for integrated services [7][8]. Customer Focus and Competitive Advantage - Keri Technology aims to create a differentiated competitive advantage by deeply binding with leading industry customers and focusing on customized equipment development to meet their specific needs [9][10]. - The company's ability to adapt its equipment to meet the evolving demands of major clients has resulted in stable long-term partnerships, driven by a responsive R&D team [12][13]. Global Expansion - As domestic battery companies expand overseas, Keri Technology is strategically building a global network, establishing offices and production bases in regions like the U.S., Singapore, and Vietnam to support local delivery and maintenance [14][15]. - The company conducts thorough research on local policies and supply chains before entering new markets, ensuring compliance with regional standards and optimizing its offerings accordingly [15][17]. Long-term Vision - Keri Technology is committed to remaining a provider of mid-to-late stage lithium battery solutions, focusing on enhancing existing products and addressing technical bottlenecks without blindly expanding its business scope [18][19]. - The core objectives for the next 3-5 years include improving business stability and customer satisfaction, with the Huizhou New Energy Industrial Park set to enhance delivery efficiency and service experience [19][20].

Core Viewpoint - The 2025 (15th) Gaogong Lithium Battery Annual Conference will focus on the high-quality development of the lithium battery industry, emphasizing the importance of intelligent equipment and digital solutions in driving industry transformation [2][4]. Group 1: Event Details - The conference will take place from November 18 to 20, 2025, at the JW Marriott Hotel in Shenzhen Qianhai Huacheng [2]. - Key sponsors include Hai Moxing Laser, Dazhu Lithium Battery, and several other companies in the lithium battery sector [2]. Group 2: Company Insights - Liyuanheng, represented by Vice Chairman Lu Miao, aims to drive lithium battery manufacturing upgrades and empower global green energy through a comprehensive industrial model that includes core technology R&D, intelligent equipment manufacturing, and full-process digital services [2][3]. - The company focuses on long-term capabilities rather than short-term revenue, emphasizing the importance of strong and precise intelligent equipment to empower extreme manufacturing in the technology industry [3]. Group 3: Industry Outlook - The lithium battery industry has seen significant advancements in technology, talent, and product quality over the past 15 years, supported by national strategic guidance, leading to a complete industrial ecosystem [3]. - The vast Chinese market and the abundance of engineering talent present significant opportunities for the equipment industry, indicating that the sector still has considerable potential for growth [3].

Core Viewpoint - The article highlights the rapid development of China's lithium battery industry, emphasizing the successful domestic replacement of foreign monopolies, particularly in the production of key components like cathode rollers, which are crucial for copper foil manufacturing [1]. Group 1: Industry Development - Over the past two decades, China's lithium battery sector has evolved from non-existence to a leading global position, with many high-quality industry leaders emerging [1]. - The domestic production of cathode rollers has surpassed 90% due to technological advancements, breaking the long-standing Japanese monopoly [1][5]. - Xi'an Aerospace New Energy Equipment Technology Co., Ltd. has become a key player in this field, recognized as an "invisible leader" in domestic equipment manufacturing [1]. Group 2: Technological Advancements - The quality of cathode rollers significantly impacts the quality of copper foil, affecting key indicators such as thickness uniformity and mechanical properties [5]. - Xi'an Aerospace New Energy has developed a 2.7-meter cathode roller that has set new domestic standards, with subsequent innovations leading to a 36% increase in production efficiency with a 3.6-meter roller [6][10]. - The company has delivered over 2,100 cathode rollers in the past five years, maintaining the highest domestic market share [10]. Group 3: Addressing Industry Challenges - The production of ultra-thin copper foil requires cathode rollers with extremely low surface roughness and uniform grain size, which has been a challenge for domestic manufacturers [13][14]. - Xi'an Aerospace New Energy has focused on solving these issues through advanced manufacturing techniques and collaborations with research institutions [14][15]. - The company has developed new technologies that enhance the quality and performance of its products, addressing critical pain points in the industry [15]. Group 4: Global Market Expansion - The demand for high-end electrolytic copper foil is expected to grow, driven by emerging industries such as 5G, AI, and new energy vehicles [17]. - Chinese copper foil manufacturers are accelerating overseas expansion and setting international testing standards, necessitating upgrades in equipment technology [19]. - Xi'an Aerospace New Energy has successfully entered international markets, securing orders from countries like South Korea and Hungary, showcasing its technological prowess [20].

Core Viewpoint - The 2025 High-Performance Lithium Battery Annual Conference will focus on the collaboration between equipment manufacturers and battery companies to enhance technological innovation and meet production demands in the lithium battery industry [1][2]. Group 1: Event Details - The 2025 High-Performance Lithium Battery Annual Conference will take place from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen Qianhai [2]. - The event will feature the 15th anniversary celebration and the High-Performance Golden Ball Award ceremony, along with the release of a blue paper and themed sessions addressing industry concerns [7]. Group 2: Industry Trends - In 2023, lithium battery companies have seen a significant increase in production scheduling, with most of the top 10 battery companies achieving a capacity utilization rate exceeding 80% in September, and the top 20 battery manufacturers experiencing a month-on-month production increase of over 20% in October [5]. - The demand for equipment has surged due to the high production rates of lithium battery companies [5]. Group 3: Company Initiatives - In response to the growing demand, the company Sikeqi is implementing standards focused on "standardization, miniaturization, plug-and-play (P&P), and high reliability" to meet the fast-paced production needs of battery manufacturers [6]. - Sikeqi has developed new products such as collaborative robotic processes, fully automated OHT transportation, online CT detection, laser flying welding, and online X-RAY detection to support efficient delivery in the lithium battery sector [1].

Group 1 - The core viewpoint emphasizes that integrating artificial intelligence into the equipment industry is essential for future breakthroughs and efficiency improvements [2] - The company has a clear plan to advance the application of artificial intelligence in equipment, aiming to ultimately establish fully automated factories [2] Group 2 - The event mentioned is the 15th anniversary celebration of the high-tech lithium battery industry, scheduled for November 18-20, 2025, at the JW Marriott Hotel in Shenzhen [4][6]

Core Viewpoint - The industry has made significant progress over the past 10 to 15 years, addressing practical challenges and achieving exponential advancements in technology, talent, and products, driven by national strategies and a large market in China [2]. Group 1 - The industry has evolved from having no foundational technology to developing it, with a substantial increase in the number of engineers due to years of education [2]. - The products have transitioned from being criticized by end-users and the market to achieving significant improvements [2]. - The large market in China, combined with a strong educational background, provides ample opportunities for equipment companies to thrive [2].

Group 1: Industry Performance Overview - The performance forecast for Q3 2025 shows bright prospects in the electronics and basic chemicals sectors, with over 10 companies expected to achieve a profit growth rate exceeding 30% year-on-year [1] - The electronics sector is benefiting from the AI wave, which is driving new demand and maintaining high growth [1] - The basic chemicals industry is experiencing structural improvement due to supply constraints and demand support, with some sectors already showing signs of recovery [1] Group 2: Market Trends and Signals - The market has shifted from an upward trend to a volatile pattern, influenced by ongoing US-China trade conflicts, which negatively affect market risk appetite [2] - Technical indicators suggest a potential market rebound, with a recommendation to reduce positions to a neutral level while waiting for volume signals [2] - The industry allocation model indicates that dividend assets and sectors benefiting from policy support, such as photovoltaics and chemicals, remain worthy of attention [2] Group 3: Medical Equipment Sector Insights - The medical equipment sector reported a decline in revenue and net profit for H1 2025, with revenues down 7.3% and net profits down 27% year-on-year [6] - There is a significant recovery in bidding activities, with a 64% year-on-year increase in the total amount of domestic medical equipment bids in H1 2025 [6] - Companies like Yingli Medical and Mindray are seeing growth in overseas revenues, indicating a trend towards globalization [7] Group 4: Debt Market Analysis - The debt market is currently influenced by risk aversion, with a mixed performance observed due to trade tensions and equity market behavior [4] - The focus is on interest rate spreads and the potential for short-term trading opportunities, particularly around the upcoming 20th Central Committee meeting [4] Group 5: Future Growth Projections - The company is expected to achieve significant revenue growth in the coming years, with projected revenues of 46.45 billion, 56.84 billion, and 71.74 billion yuan from 2025 to 2027 [12] - The lithium battery equipment sector is anticipated to see a compound annual growth rate (CAGR) of 34% in overseas revenue from 2020 to 2024, indicating strong international demand [14] - The new drug development sector is expected to grow steadily, with projected revenues of 5.04 billion, 6.08 billion, and 7.39 billion yuan from 2025 to 2027 [17]