截至本公告披露日，公司在芜湖投资建设的由芜湖隔膜负责实施的"年产2亿平方米湿法锂离子电池隔膜 项目"中的一条生产线已经投产，该条生产线年设计产能1亿平方米；公司在沧州投资建设的由明珠锂电 负责实施的"年产5亿平方米干法锂离子电池隔膜项目"中的两条生产线已经投产，两条生产线年设计产 能2亿平方米。上述BOPA薄膜及锂离子电池隔膜生产线的投产将提高公司BOPA薄膜和锂离子电池隔膜 产品的产能，进一步提升产品市场占有率和产品竞争力。 格隆汇11月3日丨沧州明珠(002108.SZ)公布，截至2025年10月31日，由东鸿制膜负责实施的"年产38,000 吨高阻隔尼龙薄膜项目"两条BOPA薄膜生产线相关设备调试完毕，完成了试生产，现已开始正式投产, 两条生产线年设计产能38,000吨。至此，公司募集资金投资项目已全部投产。 ...

Core Insights - Cangzhou Mingzhu announced on November 3 that several investment projects have been completed and officially put into production [2] Group 1: Production Projects - The "Annual Production of 38,000 Tons High Barrier Nylon Film Project" implemented by Cangzhou Donghong Membrane Technology Co., Ltd. has completed equipment debugging and trial production, with two BOPA film production lines officially in operation as of October 31, 2025 [2] - All fundraising investment projects related to the company have now been put into production [2] Group 2: Lithium Battery Separator Expansion - The "Annual Production of 200 Million Square Meters Wet Lithium-Ion Battery Separator Project" by subsidiary Wuhu Mingzhu Separator Technology Co., Ltd. has seen one production line with an annual design capacity of 100 million square meters put into operation [2] - The "Annual Production of 500 Million Square Meters Dry Lithium-Ion Battery Separator Project" by subsidiary Cangzhou Mingzhu Lithium Separator Co., Ltd. has two production lines with a combined annual design capacity of 200 million square meters now in operation [2] - The launch of the BOPA film and lithium-ion battery separator production lines will significantly enhance the company's production capacity, helping to further increase market share and overall competitiveness [2]

Core Viewpoint - The company has successfully launched new production lines for BOPA film and lithium-ion battery separators, with stable production and increased sales in the first half of the year [2]. Group 1: Production Capacity - The newly launched production capacity includes an annual output of 38,000 tons for the BOPA film project and 200 million square meters for the wet-process lithium-ion battery separator project [2]. - The company is currently implementing expansion projects for wet-process and dry-process separators in Cangzhou, with plans for gradual trial production [2]. Group 2: Sales Performance - The sales volume of RTP pipes in the first half of the year has increased compared to the same period last year [2]. - The new 1600mm large-diameter pipeline in Cangzhou has not yet commenced production or sales [2].

Core Viewpoint - The company has successfully launched its expansion projects in Wuhu, including a BOPA film production line with an annual capacity of 38,000 tons and a wet lithium-ion battery separator production line with an annual capacity of 200 million square meters [1] Group 1 - The BOPA film project and the lithium-ion battery separator project are now in production and operating stably [1] - The sales volume of RTP pipes has increased compared to the same period last year [1] - Detailed financial data will be available in the company's semi-annual report [1]

Group 1 - The core viewpoint of the articles highlights the trend of local state-owned enterprises accelerating the divestiture of technology and industrial assets to enhance focus on core responsibilities and facilitate regional industrial upgrades and high-quality development [1][2][4] - The announcement from Shaoxing Binhai New Area Development Group indicates the transfer of various technology-related assets to Shaoxing Binhai New Area Technology Industry Development Co., which includes stakes in companies involved in new energy technology and talent development [2][5] - The divestiture of assets is seen as a means to improve the management efficiency of state-owned assets and broaden financing channels through new entities capable of issuing technology innovation bonds [2][3] Group 2 - Since May, 25 state-owned enterprises have announced asset transfers, covering multiple provinces, indicating a widespread trend in asset divestiture across the country [4] - Specific examples include the transfer of 100% equity stakes in various subsidiaries by local investment groups, demonstrating a pattern of capital operation among city investment companies [4][5] - The asset transfers often involve a variety of entities, including parent companies, local finance departments, and newly established investment companies, reflecting a diverse approach to asset management [5][6] Group 3 - Industry experts suggest that traditional city investment companies, while historically focused on infrastructure, are now exploring paths for technological innovation and the development of emerging industries [6][7] - The emphasis is on building investment and operational capabilities for technology innovation projects and leveraging state-owned enterprises' financial strength to establish industry investment guiding funds, particularly for technology innovation [7]