预订电话：18964001371（微信同） 1月7日，全球领先的特种化学品和高性能材料制造商卡博特公司（纽约证券交易所代码：CBT）宣 布，已与欧洲领军的电动汽车电池OEM PowerCo SE公司签署一项多年供应协议。 根据协议， 卡博特公司将为PowerCo SE供应先进的导电炭黑及导电浆料，应用于电动汽车电池电 极。 该高性能导电剂解决方案专为提升电池导电性和效率而设计，能够助力电池实现更高的能量密 度、更快的充电能力以及更长的循环寿命，从而有效提升锂离子电池性能，为下一代电动汽车的发展提 供关键支撑。 鑫椤报告预售： 2025-2029年全球锂电池应用市场运行趋势及竞争策略研究报告 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业官微 鑫椤会议： 会议主办：鑫椤资讯 会议时间：2026年3月19-20日 会议地点：江苏·常州 会议咨询： 13248122922(微信同） END ...

数据显示，去年1-11月，5个大市、20个县（市、区）分别对全省增长贡献率达到58.5%、52.6%，真正发挥了勇挑大梁的担当。 勇挑大梁 工业经济是经济发展的"压舱石"，工业大市大县（市、区）则是发展工业经济的核心力量。 截至目前，浙江共有45个工业大县（市、区），刚好是全省90个县（市、区）的一半。 在中国，经济大省挑大梁；在浙江，则是工业大市大县挑大梁。 记者从省经信厅了解到，通过对11个设区市、45个工业大县的综合评价，分别选出5个大市、20个县（市、区），上榜年度"勇挑大梁"。 浙江省委书记王浩曾多次调研工业大市大县，还在去年10月召开的县（市、区）委书记工作交流会上强调，推动工业稳进增效，抓好工业大市大县和重点 行业企业，持续推进"415X"先进制造业集群建设，做好企业梯度培育和提升发展工作，切实发挥好工业"压舱石"作用。 过去一年，工业大市大县发展成效如何？1月8日，浙江省经信厅发布了2025年度"工业大市大县挑大梁"典型案例，分为"勇挑大梁""创新发展""多作贡 献"三个评价维度。"榜上有名"都有谁，记者和您一起看个究竟。 除了大市，记者还注意到，20个上榜的工业大县（市、区）中，有8个地区规 ...

Core Viewpoint - Tian Nai Technology (688116.SH) announced a share reduction plan involving major shareholders and executives, which will not affect the company's control or stable operations significantly [1][4]. Share Reduction Plan - The plan involves a total reduction of up to 9,163,300 shares, accounting for no more than 2.5% of the company's total share capital, with a maximum of 3,665,320 shares through centralized bidding and 5,497,980 shares through block trading [1][2]. - The estimated cash-out from the share reduction is approximately 438,463,905 yuan based on the last closing price of 47.85 yuan per share [2]. Shareholding Structure - As of the announcement date, the actual controller and major shareholder TAO ZHENG holds 31,829,562 shares (8.6840% of total shares), while MEIJIE ZHANG holds 6,500,671 shares (1.7736%) [2]. - Other major shareholders include Xin Nai Gong Cheng (13,270,250 shares, 3.6205%), Xin Nai Zhi Hui (11,772,959 shares, 3.2120%), and Xin Nai Zhong Cheng (3,959,971 shares, 1.0804%) [2][3]. Consistent Action Agreement - The major shareholders and executives have signed a Consistent Action Agreement, indicating they will act in concert regarding their shareholdings, collectively holding 71,698,829 shares (19.5614% of total shares) [3]. Company Background - Tian Nai Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 25, 2019, with an initial issuance of 57,964,529 shares at a price of 16.00 yuan per share [4]. - The total funds raised during the IPO amounted to 927.43 million yuan, with a net amount of 829.00 million yuan after deducting issuance costs [5].

Core Viewpoint - Wanshun New Materials announced the sale of 51% equity in Shenzhen Yuqiang New Materials Co., Ltd. for 40.8 million yuan, resulting in the latter's exit from Wanshun's consolidated financial statements [2] Group 1: Transaction Details - Jiangsu Zhongji New Energy Technology Group Co., Ltd. will transfer its 51% stake in Shenzhen Yuqiang to Guangxi Aluminum Industry Investment Fund and Li Ke, with a unit price of 12.5 yuan per registered capital [2] - Guangxi Aluminum will acquire 49% for 39.2 million yuan, while Li Ke will acquire 2% for 1.6 million yuan, making him the controlling shareholder [2] - The transaction will be settled in two phases, with the first payment covering 51% and the second covering 49%, both to be completed within 10 working days after conditions are met [3] Group 2: Financial Performance of Shenzhen Yuqiang - Shenzhen Yuqiang, established in October 2014, has a registered capital of 6.4 million yuan, focusing on the R&D, production, and sales of coated aluminum foil, coated copper foil, and conductive paste [2] - For 2024, the company is projected to have a consolidated revenue of 55.271 million yuan and a net loss of 994,800 yuan; for the first nine months of 2025, revenue is expected to be 47.7151 million yuan with a net loss of 286,600 yuan [2] - As of September 30, 2025, Shenzhen Yuqiang's total assets amounted to 74.3572 million yuan, with a net asset value of 35.197 million yuan [2]

Core Viewpoint - The IPO application of Suzhou Beteli Polymer Materials Co., Ltd. has entered the "inquiry" stage, aiming to raise 793 million yuan for capacity expansion, R&D, marketing center construction, and working capital supplementation [4][5]. Group 1: Company Overview - Beteli specializes in electronic materials and new chemical materials, with products including conductive materials, organic silicon materials, and coating materials [9]. - The company has a diverse client base, including photovoltaic companies like Shanghai Silver Paste and Dike Co., as well as consumer electronics brands such as Huawei and Xiaomi [9]. Group 2: Financial Performance - Beteli's revenue increased significantly from 622 million yuan to 2.518 billion yuan from 2022 to 2024, driven by a surge in sales of silver powder, which rose from 60 million yuan to 1.682 billion yuan [9][10]. - Despite the revenue growth, the company has faced negative operating cash flow, with net cash flow of -375 million yuan and -1.64 billion yuan in the last two years of the reporting period [12]. Group 3: IPO Fund Utilization - The IPO proceeds of 793 million yuan will be allocated as follows: 510 million yuan for expanding operational scale, 183 million yuan for the construction of a R&D and marketing center in Wuxi, and 100 million yuan for working capital [11]. - The necessity for fundraising is underscored by the company's cash flow challenges, with a significant portion of funds tied up in accounts receivable and concentrated supplier relationships [12][13]. Group 4: Market Challenges - Beteli's silver powder business faces pressure from technological iterations in the photovoltaic industry, as companies explore silver reduction techniques [10]. - The gross margin for silver powder is low, with a revenue of 1.682 billion yuan but a gross profit of only 30.6 million yuan, resulting in a gross margin of 1.8% [10].

Core Viewpoint - Beteli's IPO application has been accepted, aiming to raise 793 million yuan for special conductive materials and expansion projects, despite significant growth in revenue and net profit, underlying risks remain unrecognized by the market [1][2]. Financial Performance - Revenue increased from 635 million yuan in 2022 to 2.521 billion yuan in 2024, while net profit rose from 16.53 million yuan to 97.50 million yuan [1][2]. - Silver powder business saw revenue surge from 60 million yuan in 2022 to 1.682 billion yuan in 2024, constituting 66.79% of main business income [2][4]. Business Structure and Risks - The company's reliance on silver powder has increased significantly, with low gross margins of 1.75% and 1.82% in 2023 and 2024 respectively, indicating vulnerability [4][5]. - The share of high-margin organic silicon materials has decreased from 57.86% to 19.68%, leading to a halving of overall gross margin from 20.32% to 10.92% [4][6]. Customer and Supplier Concentration - Customer concentration risk is notable, with the top five customers accounting for 72.25% and 68.32% of sales in 2023 and 2024, respectively [7][8]. - Major customers are also competitors in the conductive paste market, creating potential instability in long-term partnerships [9]. - Supplier concentration is high, with over 93% of purchases from the top five precious metal suppliers, limiting bargaining power [9][11]. Cash Flow Issues - Despite profit growth, operating cash flow has deteriorated, with net cash outflows of 37.51 million yuan in 2023 and 164 million yuan in 2024 [12][14]. - Accounts receivable and inventory have risen significantly, indicating potential liquidity issues [14][15]. Technological Risks - The silver powder business faces risks from technological advancements in the photovoltaic industry, particularly the shift towards copper plating processes that may replace silver [18][26]. - Sales volume of silver powder decreased by 11.99% in 2024, contrasting with competitors' growth [18][19]. Governance and Human Resources - The ownership structure raises concerns, with the controlling shareholder holding 37.26% and a special agreement affecting decision-making [20][22]. - Employee education levels are low, with 58.29% holding only a diploma or lower, which may impact innovation capabilities [23][24]. Regulatory Scrutiny - Regulatory inquiries focus on industry growth potential, competitive landscape, and the company's ability to sustain profitability, indicating concerns about future performance [27][28].

Core Viewpoint - Suzhou Goodwill (002079) is actively managing silver price risks, which are crucial for its conductive paste production, by maintaining a safety stock and monitoring market trends [1][2]. Trading Information Summary - As of October 16, 2025, Suzhou Goodwill's stock closed at 10.4 yuan, down 0.57%, with a turnover rate of 3.9%, trading volume of 315,500 shares, and a transaction value of 332 million yuan [1]. - On the same day, the net inflow of main funds was 2.2503 million yuan, while speculative funds saw a net inflow of 21.9251 million yuan, and retail investors experienced a net outflow of 24.1754 million yuan [4]. Company Announcement Summary - Suzhou Goodwill announced the completion of the cancellation of 226,400 stock options, which included 28,000 options due to the departure of an incentive recipient and 198,400 options that were not exercised by the end of the first exercise period on September 24, 2025 [1][4]. - The cancellation of stock options complies with relevant regulations, is legally valid, does not affect the implementation of the incentive plan, does not change the capital structure, and does not have a significant financial impact [2].

Core Viewpoint - Zhongke Natong has officially become a member of the Zhongguancun Energy Storage Industry Technology Alliance, indicating its commitment to the energy storage sector and enhancing its industry presence [1]. Company Introduction - Zhongke Natong was established in 2012 in Beijing Huairou Science City and is recognized as a "specialized, refined, distinctive, and innovative" enterprise in Beijing, as well as a national high-tech enterprise [3]. - The company focuses on the research and development of polymer conductive materials, with core product lines including conductive pastes, conductive adhesives, and conductive elastomers, serving renowned clients such as Huawei, China Electronics Technology Group, Qualcomm, and BYD [3]. Product Applications - Conductive elastomers are widely used in various fields, including new energy (photovoltaics and energy storage), smart automotive, communication base stations, drones, and emerging smart hardware devices [10][6]. - The company has developed conductive elastic connectors and EMI conductive adhesives, which are essential for electromagnetic interference (EMI) shielding in electronic devices [21][5]. Product Features - Conductive elastomers are characterized by being lightweight, having low contact resistance, and high chemical stability, with temperature resistance ranging from -55°C to 160°C [13]. - The conductive shielding paste is 100% independently developed and possesses core technologies and patented products, ensuring high reliability and long-term cooperation with major clients like Huawei [14]. Product Data - The company offers a range of products with specific performance metrics, such as: - Volume resistivity ≤2 mΩ·cm for various conductive pastes [18]. - EMI shielding effectiveness exceeding 100 dB for FIP conductive nickel-carbon glue [53]. - The products are designed for high flexibility, excellent adhesion to substrates like silicone, and good wear resistance, making them suitable for outdoor applications [19][34]. Customization and Cost Efficiency - Zhongke Natong provides customized development options, allowing for tailored solutions that reduce costs while maintaining high performance, such as using conductive pastes for direct coating, which is more cost-effective than traditional methods [42][44]. - The company emphasizes the ability to offer unique value through customized R&D products and solutions, particularly in the fields of 5G base stations, photovoltaic energy storage, and new energy vehicles [37].