ST逸飞（688646.SH）12月19日在投资者互动平台表示，公司与松山湖材料实验室联合开发新型结构化 极片与激光微加工技术，进一步探索锂电池新材料新工艺的产业化应用路径，目前进展顺利，已开发相 应设备处于推广和验证阶段。公司在固态电池激光应用与制造装备方面均有技术储备，公司电芯装配设 备、模组PACK设备以及整厂智慧物流系统等核心设备与相关技术可应用于半/全固态电池制造领域，并 开发了激光刻槽设备、固态电池极片激光表面处理设备等新产品，可用于固态电池极片制片环节。敬请 注意投资风险。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：2024年10月，松山湖材料实验室与公司签署协议，双 方将在固态电池电极工艺和装备领域协力合作。松山湖材料实验室副主任黄学杰等参加了仪式。近日， 黄学杰团队开发出一种阴离子调控技术，解决了全固态金属锂电池中电解质和锂电极之间难以紧密接触 的难题。请问：公司与松山湖材料实验室在固态电池领域合作进展情况？近日黄学杰团队的研发成果对 公司全固态电池业务是否有积极作用？目前公司在固态电池领域的技术、产品、订单情况？ ...

格隆汇12月19日丨ST逸飞(688646.SH)在互动平台表示，公司与松山湖材料实验室联合开发新型结构化 极片与激光微加工技术，进一步探索锂电池新材料新工艺的产业化应用路径，目前进展顺利，已开发相 应设备处于推广和验证阶段。公司在固态电池激光应用与制造装备方面均有技术储备，公司电芯装配设 备、模组PACK设备以及整厂智慧物流系统等核心设备与相关技术可应用于半/全固态电池制造领域，并 开发了激光刻槽设备、固态电池极片激光表面处理设备等新产品，可用于固态电池极片制片环节。 ...

Core Viewpoint - ST Yifei (688646.SH) has established technological reserves in solid-state battery laser applications and manufacturing equipment, indicating potential growth in the solid-state battery sector [1] Group 1: Technological Capabilities - The company possesses core equipment and related technologies applicable to the manufacturing of semi/fully solid-state batteries, including cell assembly equipment, module PACK equipment, and smart logistics systems for entire factories [1] - New products have been developed, such as laser groove equipment and laser surface treatment equipment for solid-state battery electrode sheets, which can be utilized in the electrode sheet production process [1]

Core Viewpoint - ST Yifei (688646.SH) has established technological reserves in solid-state battery laser applications and manufacturing equipment, indicating potential growth in the solid-state battery sector [1] Group 1: Technological Capabilities - The company possesses core equipment and related technologies applicable to the manufacturing of semi/fully solid-state batteries, including cell assembly equipment, module PACK equipment, and smart logistics systems for entire factories [1] - New products have been developed, such as laser groove equipment and laser surface treatment equipment for solid-state battery electrode sheets, which can be utilized in the electrode sheet production process [1]

Core Insights - The company reported a revenue of 575 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 7.55% [1] - Total assets reached 2.884 billion yuan, an increase of 2.18% compared to the end of the previous year, indicating robust growth and resilience in operations [1] Industry Recovery and R&D Investment - The global energy transition and electrification have led to a resurgence in the lithium battery industry, with increased demand for lithium battery equipment [2] - The company's contract liabilities rose to nearly 400 million yuan, a growth of over 30% from the previous year, while inventory increased by 34% to 780 million yuan, signaling a recovery in industry demand [2] - R&D investment for the first three quarters of 2025 reached 76.1 million yuan, a year-on-year increase of 25.67%, accounting for 13.23% of revenue, reinforcing the company's technological edge [2] Global Expansion Strategy - The company has deepened its global strategy, delivering fully automated energy storage container assembly lines to overseas clients, marking international recognition of its comprehensive energy storage solutions [3] - New customer acquisitions include markets in Japan, South Korea, the UK, Germany, and India, with a strategic partnership established with Indian automotive parts manufacturer Endurance [3] - Recent establishment of subsidiaries in Singapore and Hong Kong aims to enhance overseas after-sales service capabilities [3] Diversification into Emerging Businesses - The company is actively expanding into solid-state batteries, perovskite solar cells, and robotics, aiming to build long-term competitiveness [4] - In the solid-state battery sector, the company has developed complete line equipment capabilities and has successfully delivered the first batch of all-solid-state lithium metal cylindrical batteries to international clients [4] - Investments in humanoid robotics and core components through partnerships and joint ventures are intended to enhance the intelligence and flexibility of professional equipment [4] Future Growth Prospects - With the ongoing recovery in the lithium battery industry and accelerated industrialization in emerging fields, the company is positioned to leverage its technological innovations and strategic industry layout for diversified growth [5]

Core Viewpoint - ST Yifei (688646.SH) is actively developing technologies and equipment applicable to solid-state battery manufacturing, indicating a strategic focus on this emerging market [1] Group 1: Equipment and Technology Development - The company has core equipment and related technologies, including battery cell assembly equipment, module PACK equipment, and smart logistics systems, that can be utilized in solid-state battery production [1] - ST Yifei has developed laser ultrafast processing equipment and laser groove processing equipment for the production of solid-state battery electrodes, with some products already sold and delivered [1] Group 2: Robotics Investment - The company has invested in establishing a humanoid robot company, with its joint venture, Wuyi Technology, holding a 29.75% stake, while ST Yifei directly holds 5% [1]

Core Viewpoint - ST Yifei Laser Co., Ltd. reported a revenue of 432 million yuan, a year-on-year increase of 23.90%, and a net profit attributable to shareholders of 18.15 million yuan for the first half of 2025, highlighting its focus on core business and innovation in technology and products [1] Group 1: R&D Investment and Product Development - The company increased its R&D expenditure to 51.39 million yuan, a growth of 51.59% year-on-year, and has accumulated 677 intellectual property rights, including 117 invention patents [2] - New products launched include intelligent laser systems and high-speed assembly lines for cylindrical batteries, with significant advancements in the production of large cylindrical batteries [2][3] - In the solid-state battery sector, the company applied new laser processing technologies to enhance production efficiency and quality, contributing to the development of solid-state battery technology [3] Group 2: Overseas Expansion and Strategic Partnerships - ST Yifei has made significant strides in overseas markets, delivering automated energy storage container assembly lines and establishing a wholly-owned subsidiary in Singapore to enhance local service capabilities [4] - The company has expanded its customer base in countries such as the UK, Japan, and Germany, achieving a 59.48% year-on-year increase in orders, totaling 1.327 billion yuan by the end of 2024 [4] - A strategic cooperation agreement was signed with Indian automotive parts manufacturer Endurance to focus on advanced battery technologies and local service systems in the Indian market [4] Group 3: Emerging Business Initiatives - The company is collaborating with Wuhan Innovation Institute to establish a "Laser Application and High-end Equipment Innovation Hub," focusing on next-generation battery equipment and semiconductor packaging [5] - The first benchmark project, a humanoid robot initiative, has been successfully industrialized in collaboration with academic institutions and local government [5] - In the perovskite sector, the company has introduced a series of high-end laser equipment for solar energy applications, with some equipment already delivered to clients [5] Group 4: Overall Business Outlook - With a recovery in core business and the gradual realization of emerging business initiatives, ST Yifei is positioned for a development pattern characterized by short-term support, mid-term highlights, and long-term foundations [6] - The company aims to enhance performance through continuous technological innovation, product upgrades, cost reduction, efficiency improvement, and market expansion [6]