Core Viewpoint - Xue Tian Salt Industry Group Co., Ltd. plans to acquire a 41% stake in Hunan Meter New Materials Co., Ltd., increasing its total ownership to 61%, thereby becoming the controlling shareholder, which aligns with its strategy to focus on resources and expand into the new energy sector [2][3]. Group 1: Acquisition and Strategic Intent - The acquisition of Meter New Materials is a key move for Xue Tian Salt Industry to enter the new energy sector, particularly in sodium battery anode materials [2][3]. - This strategic integration aims to leverage the synergy between Xue Tian Salt Industry's salt chemical industry and Meter New Materials' capabilities, enhancing cost control and supply chain security [4][6]. Group 2: Financial Performance of Meter New Materials - Meter New Materials reported a revenue of 640 million yuan for the first three quarters of 2025, surpassing its total revenue of 630 million yuan for 2024, with a net profit of 35.61 million yuan, significantly up from 3.6 million yuan in 2024 [3]. - The net assets of Meter New Materials increased from 410 million yuan at the end of 2024 to 446 million yuan by September 2025, marking an 8.68% growth, while total assets rose from 859 million yuan to 1.111 billion yuan, a 29.36% increase [3]. Group 3: Technological Advancements and Future Plans - Xue Tian Salt Industry is not limited to sodium batteries; it has established a fiber research institute in collaboration with academic experts to innovate in smart fiber materials, extending its "salt + new energy" strategy [5][6]. - The fiber research institute aims to develop mass production processes and optimize core technologies for smart fiber materials, facilitating the company's transition from traditional salt chemicals to new energy applications [5][6]. Group 4: Industry Position and Future Outlook - As a significant player in the salt and salt chemical industry, Xue Tian Salt Industry is positioned to achieve a transformation from a single salt product focus to a diversified portfolio including new energy materials and smart fibers [6]. - The company's dual-driven strategy of "salt + new energy" is expected to create a differentiated competitive advantage in the new energy sector, contributing to its high-quality development [6].

Core Insights - The collaboration between Xue Tian Salt Industry Group and Fudan University marks a significant step in the company's strategic transformation into the smart fiber new materials sector, with an initial investment of 51 million yuan for a 51% stake in the newly established "Intelligent Fiber New Energy Materials Research Institute" [1][2] - This partnership is not merely a traditional business expansion but a strategic move to deepen and extend the value chain of the salt industry, leveraging existing technological and resource advantages [1][3] Company Strategy - Xue Tian Salt Industry is transitioning from a traditional salt business to a dual-driven development model of "Salt Industry + New Energy," indicating a proactive approach to innovation and market adaptation [1][3] - The company has previously established a foothold in the new energy materials sector, with its subsidiary, Meite New Materials, holding a 30% market share in the electronic cigarette battery segment and preparing for mass production of high-voltage positive materials for solid-state batteries [1][2] Research and Development - The research institute's core technology is supported by a top-tier research team led by Academician Peng Huisheng, known for developing multifunctional fiber devices that integrate power generation, energy storage, and sensing capabilities [2] - The collaboration involves a comprehensive strategic partnership with government entities, focusing on research transformation, platform construction, resource sharing, and talent cultivation across eight major research directions [2] Industry Impact - The strategic significance of this initiative extends beyond the company's transformation, as smart fibers are expected to reshape multiple industries, including flexible energy storage devices in the new energy sector and advanced sensing solutions in healthcare [3] - By holding a 51% stake, Xue Tian Salt Industry demonstrates its commitment to seizing innovation leadership, providing a reference model for similar traditional enterprises facing development bottlenecks [3]