固态电解质领域，容百科技的硫化物固体电解质已经可实现从微米到纳米级的均匀粒径分布，利用其制 备的超薄、高离子导电解质膜，已匹配高镍正极实现了能量密度的重大突破。目前，中试产线建设正在 快速推进，为未来规模化量产奠定坚实基础。容百科技卤化物电解质在1000圈循环后容量维持率依旧稳 定，目前已具备公斤级的稳定制备与送样能力。 李琮熙介绍，容百科技在固态正极材料方面"双线并举"。超高镍体系通过独特的预氧化、高熵掺杂与快 离子导体原位构筑技术，成功解决了固—固界面接触不稳定的行业共性难题。目前，8系高镍固态正极 材料已实现10吨级出货，9系固态正极材料实现吨级出货，在量产能力和实用性方面都获得了市场认 可。 更高能量密度的富锂锰基正极方面，容百科技通过技术攻关，凭借精细调控层状相与富锂相结构，实现 在高电压下的高容量输出，且已获得头部电芯企业认可。 同时，容百科技已开发出多款适用于硫化物全固态体系的新型粘结剂，并获得国内主流客户认可并送样 验证。硫化锂材料方面，也通过创新工艺与供应链优化大幅降低了生产成本，建成全自动量产线并实现 高纯度、高一致性的稳定供应。 在全球电池产业向高安全、高能量密度转型的关键期，容百科技( ...

Core Viewpoint - Tianji Co., Ltd. (002759) announced on November 13 that its stock price has deviated by a cumulative increase of 20.94% over three consecutive trading days, indicating abnormal trading fluctuations [1] Company Operations - The company confirmed that there are no corrections or supplements needed for previously disclosed information, and its production and operations are normal [1] - The internal and external operating environment has not undergone significant changes [1] Project Development - The company is advancing the industrialization of its lithium sulfide material preparation patent; however, this project is still in the early stages and carries risks of underperformance in industrialization and commercialization [1] Disclosure Status - The company, its controlling shareholders, and actual controllers have no undisclosed significant matters that require disclosure [1]

天际股份11月13日发布公告， 公司股票连续三个交易日收盘价格涨幅累计偏离20.94%，属于股票交易 异常波动情况。经核实，公司前期披露的信息无需要更正、补充之处，生产经营正常，内外部经营环境 未发生重大变化。公司正在推动硫化锂材料制备专利的产业化，但该项目仍处于早期阶段，存在产业 化、商用化不及预期的风险。公司、控股股东和实际控制人不存在应披露而未披露的重大事项。 ...

Core Viewpoint - Multiple companies, including HeFu China, Tianji Co., Zhejiang Dongri, and Dongbai Group, have issued risk warnings regarding their stock trading due to significant price fluctuations and potential irrational market behavior [1][3][5]. Group 1: HeFu China - HeFu China reported a stock price increase of 200.75% from October 28 to November 12, with 11 out of 12 trading days closing at the涨停 price, indicating a significant deviation from its fundamentals [3]. - The company is currently in a loss position, and the stock price surge is attributed to market sentiment and irrational speculation, posing a risk of rapid decline [3]. Group 2: Tianji Co. - Tianji Co. announced a cumulative stock price increase of 215.24% over 28 trading days, indicating severe abnormal trading fluctuations [3]. - The controlling shareholder sold 8.4 million shares during this period, while the actual controller did not engage in any buying or selling of shares [3][4]. Group 3: Zhejiang Dongri - Zhejiang Dongri warned of potential market sentiment overheating and irrational speculation, as its stock price closed at 58.60 yuan per share, reflecting a significant short-term increase [4]. - The company operates in the agricultural product wholesale market and does not engage in "brain-computer interface" business [4]. Group 4: Dongbai Group - Dongbai Group's stock price has seen significant short-term increases, with static and rolling P/E ratios of 181.82 and 171.58, respectively, which are substantially higher than the retail industry averages [5]. - The company reassured that its business operations remain normal and have not undergone significant changes [5]. Group 5: Other Companies - San Yuan Co. reported a cumulative price deviation of over 20% across three trading days, indicating abnormal trading conditions [6]. - A notice from ST Zhongdi indicated a stock price increase of 153.19% from October 16 to November 12, leading to a suspension for investigation due to significant price volatility [7][9]. - ST Zhongdi's valuation metrics, including a static P/E ratio of -12.83, show a considerable deviation from industry averages, raising concerns about its financial health [9][10].

28个交易日收盘价格涨幅累计偏离215.24%，天际股份（002759）股价距离前高已"近在咫尺"。然而，就在这波股价疯狂上涨的期间，公司控股股东汕头 天际在股票交易严重异常波动期间卖出公司股票840万股，结果还"卖飞了"。 支撑这场股价狂欢的，除了一路上涨的六氟磷酸锂价格之外，或许还有仅投入500万元且尚处早期阶段的硫化锂材料研发项目。 28个交易日收盘价格涨幅累计偏离215.24% 六氟磷酸锂是当前锂电产业链中"当红"的中游材料，产品价格进入10月份一路狂飙。若按六氟磷酸锂在7月18日的年内低点4.98万元/吨测算，相对于11月 12日的12.58万元/吨，已上涨153%。 记者通过公开资料获悉，国内A股头部六氟磷酸锂企业产能基本满产满销，并对明年第一季度的需求有乐观预期。针对投资者问及的12月份排产情况，天 际股份在业绩说明会上表示"很满"，并预计明年第一季度大概率可能"淡季不淡"。 六氟磷酸锂良好的产业预期之下，国内A股六氟磷酸锂公司股价普遍表现不凡。在最近28个交易日中，天际股份上涨187%、多氟多股价上涨94%、天赐材 料股价上涨26%。 固态电解质概念的"拱火" 天际股份的六氟磷酸锂产能在国内次 ...

Core Viewpoint - The stock price of Tianji Co., Ltd. has experienced a significant increase, with a cumulative rise of 215.24% over 28 trading days, driven by the soaring price of lithium hexafluorophosphate and early-stage research projects in lithium sulfide materials [1][3][4]. Group 1: Stock Performance - Tianji Co., Ltd. reported a cumulative stock price increase of 215.24% over 28 trading days from September 26, 2025, to November 12, 2025, indicating severe abnormal trading fluctuations [1]. - The stock price of Tianji Co., Ltd. reached a closing price of 46.71 yuan per share on November 12, 2025, compared to a peak price of 21.69 yuan per share on October 9, 2025, during the reduction period [8]. Group 2: Business Operations - The main products of Tianji Co., Ltd. include lithium hexafluorophosphate and related fluorochemical products, with lithium hexafluorophosphate accounting for 67% of total revenue as per the 2025 semi-annual report [3]. - The company expects a shipment volume of lithium hexafluorophosphate between 35,000 to 38,000 tons for the year, with a new production capacity of 15,000 tons expected to be operational by September next year [3]. Group 3: Market Trends - The price of lithium hexafluorophosphate has surged from 49,800 yuan per ton on July 18, 2025, to 125,800 yuan per ton on November 12, 2025, marking a 153% increase [3]. - Domestic A-share companies in the lithium hexafluorophosphate sector have shown strong stock performance, with Tianji Co., Ltd. rising 187% and other competitors like Dufluor and Tianci Materials also experiencing significant gains [4]. Group 4: Research and Development - Tianji Co., Ltd. is advancing the industrialization of a lithium sulfide material preparation patent, with approximately 5 million yuan invested in the early-stage research project [5]. - The company is currently in the early stages of technology development, requiring extensive optimization and validation processes before achieving stable, mass production of commercial products [5]. Group 5: Shareholder Activity - During the period of significant stock price fluctuations, the controlling shareholder of Tianji Co., Ltd. sold 8.4 million shares, potentially at a suboptimal price [6][8]. - The controlling shareholder and associated parties planned to reduce their holdings by up to 14.75 million shares, representing 3% of the total share capital, during the period from July 24 to October 9, 2025 [7].

Core Viewpoint - Tianji Co., Ltd. (002759.SZ) announced that its stock trading has experienced significant abnormal fluctuations, but the company's production and operational conditions remain normal, with no major changes in the internal and external operating environment [1] Group 1: Project Development - The company is advancing the industrialization of its lithium sulfide material preparation patent (Patent No. ZL202411448897.4), which involves a team of 7 researchers, including 3 core R&D personnel [1] - Approximately 5 million yuan has been invested in the R&D of this project, which has successfully passed small-scale testing [1] - The company plans to conduct scaling tests to analyze the cost and industrial feasibility of candidate processes, determine the seed process, and then enter the pilot test phase to further validate production stability and equipment compatibility [1] Group 2: Commercialization Risks - The technical development process is still in the early stages, and transitioning from patent to stable, mass-produced commercial products will require a lengthy process of process optimization and validation [1] - If superior and lower-cost solid electrolyte technology routes emerge in the future, they may undermine the competitive advantage of lithium sulfide technology [1] - There are risks associated with the industrialization and commercialization of the project, as successful laboratory formulations and processes often face issues related to product consistency and stability during pilot testing [1]

Key Points - *ST Yuancheng received a notice regarding the proposed termination of its stock listing [1] - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [2] - Baiwei Storage's H-share filing materials have been accepted by the China Securities Regulatory Commission [3] - Mindray Medical has submitted an H-share listing application to the Hong Kong Stock Exchange [4] - Tianji Co. is promoting the industrialization of lithium sulfide material preparation patents [5] - *ST Yuanshang confirmed that there is no undisclosed significant information [6] - Shannon Chip Innovation noted reports of rising storage chip prices but stated that its fundamentals have not changed significantly [7] - Sichuan Jinding clarified that its associate company does not engage in space computing-related businesses [8] - Demingli is planning refinancing, with no significant changes in the operating environment [9] - Chengxing Co. warned of potential irrational speculation risks regarding its stock price [10] - Shandong Gold's wholly-owned subsidiary needs to pay back taxes and late fees amounting to 738 million yuan, expected to impact net profit by 230 million yuan [11] Mergers and Acquisitions - Lingzhi Software intends to acquire 100% of Kaimiride's equity, with stock resuming trading on November 11 [12] - Victory Co. plans to acquire gas-related assets from its controlling shareholder, with stock resuming trading on November 11 [13] Shareholding Changes & Buybacks - *ST Kaixin's actual controller plans to transfer 5% of the company's shares [14] - Litong Electronics' actual controller and executives plan to reduce their holdings by up to 3.03% [15] - Mingchen Health's actual controller and executives plan to reduce their holdings by up to 3.27% [16] - Sanmei Co.'s actual controller plans to reduce holdings by up to 3% [17] - Huayang Intelligent's Fosun Weiying plans to reduce holdings by up to 5% [18] - Huading Co.'s Hangzhou Yuejun plans to reduce holdings by up to 3% [19] Contract Awards - Zhongbei Communication signed a comprehensive service framework agreement worth 1 billion yuan [20] - State Grid Information Technology's subsidiaries collectively won a 1.318 billion yuan procurement project from the State Grid [21] - Digital Government's wholly-owned subsidiary jointly won a 109 million yuan smart water project [22] Other Developments - Shangtai Technology plans to invest 4.07 billion yuan to build a project with an annual production capacity of 200,000 tons of lithium-ion battery anode materials [24] - Chaoying Electronics plans to invest approximately 1.468 billion yuan in Thailand to expand AI computing high-end printed circuit board production [24] - Bojun Technology's wholly-owned subsidiary plans to invest 1 billion yuan to establish an automotive parts production base [24]

Core Viewpoint - Tianji Co., Ltd. has announced the acquisition of a patent for lithium sulfide materials and is advancing its industrialization process, indicating a significant step in its R&D efforts [2] Group 1: Patent and R&D Progress - The company’s subsidiary, Jiangsu Tairui Lanteng Material Technology Co., Ltd., has received a patent for "a lithium sulfide material and its preparation method and application" [2] - The R&D team consists of 7 members, with 3 core researchers, and approximately 5 million yuan has been invested in R&D expenses [2] - The project has successfully passed small-scale tests, and the company plans to conduct further scaling tests to analyze cost and industrial feasibility [2] Group 2: Future Steps and Commercialization - The company is in the early stages of technology development, and the transition from patent to stable, mass-produced commercial products will require extensive process optimization and validation [2] - The next steps include determining the seed process through pilot testing, verifying production stability, equipment compatibility, and completing customer sample submissions [2]

Core Viewpoint - Tianji Co., Ltd. (002759.SZ) announced that its stock price has deviated by a cumulative 20.90% over two consecutive trading days, indicating unusual trading volatility [1] Group 1: Company Developments - The company is advancing the industrialization of its lithium sulfide material preparation patent (Patent No. ZL202411448897.4) with a research team of 7 members, including 3 core researchers, and has invested approximately 5 million yuan in R&D expenses [1] - The project has successfully passed small-scale tests and will proceed to larger-scale trials to analyze cost and industrial feasibility of the candidate processes, aiming to identify a seed process before entering the pilot stage for further validation of production stability and equipment compatibility [1] Group 2: Industry Context and Challenges - The technical development process is still in its early stages, and transitioning from patent to stable, mass-produced commercial products will require extensive process optimization and validation [1] - If superior and lower-cost solid electrolyte technology emerges in the future, it may undermine the competitive advantage of lithium sulfide technology [1] - During the industrialization process, issues related to product consistency and stability often arise when scaling up successful laboratory formulations and processes [1] Group 3: Disclosure and Governance - The company, its controlling shareholders, and actual controllers have no undisclosed significant matters related to the company or any major matters in the planning stage [1]