Core Viewpoint - The article discusses the strategic cooperation agreement signed between Xiamen Tungsten New Energy and Greeenme, aimed at enhancing their partnership in the supply chain of battery materials to meet the growing global demand for high-energy-density battery materials [1][4]. Group 1: Strategic Cooperation Agreement - On October 25, Xiamen Tungsten New Energy announced the signing of a strategic cooperation framework agreement with Greeenme [1]. - The agreement focuses on leveraging both companies' strengths in key metal resource recycling, raw material supply, technology research and development, and market expansion [1]. - The goal is to address global market challenges and enhance corporate efficiency through long-term stable cooperation [1]. Group 2: Product Supply Collaboration - Both companies agreed to establish a long-term partnership for the supply chain of battery materials used in various sectors, including consumer electronics, power, low-altitude aircraft, eVTOL, AI, and robotics [1]. - The materials involved include ternary materials for lithium batteries, lithium cobalt oxide, solid-state lithium battery materials, semi-solid lithium battery materials, and lithium-rich manganese-based products [1]. Group 3: Supply Volume and Forecast - From 2026 to 2028, Greeenme is expected to supply Xiamen Tungsten New Energy with 150,000 tons of various battery raw materials and products annually [4]. - This includes approximately 36,000 tons/year of cobalt chloride, 36,000 tons/year of nickel sulfate, 18,000 tons/year of cobalt oxide, 36,000 tons/year of ternary precursors, and 24,000 tons/year of lithium carbonate/lithium phosphate, all including recycled materials [4]. - The total supply over three years is projected to be 450,000 tons [4].

Group 1 - Yinglian Co., Ltd. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531% to 1673% [1] - China CNR Corporation signed major contracts totaling approximately 54.34 billion yuan, accounting for 22% of its expected revenue for 2024 [1] - Shengmei Shanghai reported a total order amount of 9.072 billion yuan, a year-on-year increase of 34.1% [2] Group 2 - Fulian Precision plans to increase capital in its subsidiary Jiangxi Shenghua with a total investment of 35.63 billion yuan, which is expected to constitute a major asset restructuring [3] - Aimeike has obtained a drug registration certificate for Minoxidil topical solution, which is used for treating male pattern baldness [4] - Guolin Technology is planning to acquire 91.07% of Kailianjie’s equity for cash, which is expected to constitute a major asset restructuring [5] Group 3 - Baicheng Co. plans to purchase 55% of Shanghai Canxi Engineering Equipment Co. and will suspend trading of its stock starting September 30, 2025 [6][7] - Diaowei is planning to acquire equity in Rongpai Semiconductor and has suspended trading of its stock [8] - Xiatun New Energy signed a strategic cooperation framework agreement with Zhongwei Co. to establish a long-term partnership in the supply chain for solid-state lithium battery materials [9] Group 4 - Lingyi Zhi Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [10] - Baicheng Pharmaceutical received clinical trial approval for its innovative drug BIOS-0623-Z4, which targets cancer pain treatment [11] - Weide Information announced a preliminary transfer price of 40.33 yuan per share, representing a 26% discount to its closing price [12] Group 5 - Huayou Cobalt's subsidiary signed contracts with LGES for the supply of 76,000 tons of ternary precursor materials and 88,000 tons of ternary cathode materials from 2026 to 2030 [13] - Hubei Energy signed a cooperation agreement with the Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy projects [14]

Group 1 - The core viewpoint of the news is the strategic partnership established between Xiamen Tungsten Co., Ltd. (厦钨新能) and Zhongwei New Materials Co., Ltd. (中伟股份) to enhance collaboration in product supply, resource development, and research [1][2] - The strategic cooperation framework agreement was signed on September 29, 2025, and is set to last until September 30, 2028, focusing on various product categories including cobalt oxide, ternary precursors, lithium carbonate, and recycled materials [1][2] - The estimated annual supply and demand for the products are approximately 40,000 tons for cobalt oxide, 50,000 tons for ternary precursors, 15,000 tons for lithium carbonate/lithium phosphate, and 10,000 tons for recycled materials [1] Group 2 - Zhongwei New Materials is a comprehensive service provider in lithium battery new materials, primarily engaged in the research, production, processing, and sales of lithium battery cathode material precursors, aligning with national strategic emerging industries [2] - The collaboration is expected to create a long-term and stable strategic partnership, enhancing business synergy and improving supply chain stability for both companies [2] - The impact of this agreement on the company's performance in 2025 is expected to be minimal, indicating a focus on long-term benefits rather than immediate financial gains [2]

Core Viewpoint - The strategic cooperation between Zhongwei Co., Ltd. and Xiamen Xatong New Energy Materials Co., Ltd. focuses on the supply chain of key battery materials in emerging fields such as consumer electronics, power batteries, low-altitude economy, AI, and robotics, aiming for mutual benefits through resource integration and technological collaboration [1][2] Group 1 - The partnership will cover high-growth products including ternary materials, lithium cobalt oxide, solid-state/semi-solid-state lithium materials, and lithium-rich manganese-based materials, extending to precursors, recycling, lithium products, and global resource development [1] - Over the next three years, the expected cooperation volume in products such as ternary precursors, cobalt oxide, solid-state precursors, and lithium products is projected to reach approximately 115,000 tons per year, totaling around 345,000 tons over three years [1] Group 2 - The collaboration emphasizes cutting-edge technologies like solid-state batteries, integrating R&D resources to accelerate breakthroughs in new material development and shorten product development cycles [2] - The partnership aims to ensure stable supply of key resources such as nickel, cobalt, and manganese through mineral resource development and global capacity cooperation [2] - This cooperation not only strengthens and expands the company's supply capabilities in diverse materials for power, energy storage, consumer electronics, and low-altitude fields but also positions the company to enter high-end application scenarios in AI, autonomous driving, and robotics, seizing market opportunities in emerging markets [2]

Core Viewpoint - The company, Xiamen Tungsten Co., Ltd. (688778.SH), has signed a strategic cooperation framework agreement with Zhongwei New Materials Co., Ltd. to establish a partnership in various areas including product supply, mineral resource development, product research and development, and information cooperation [1] Group 1: Strategic Cooperation Agreement - The agreement was signed on September 29, 2025, and is set to last until September 30, 2028 [1] - The expected annual supply and demand for various products are as follows: - Cobalt Tetraoxide: approximately 40,000 tons - Nickel Cobalt Manganese (NCM) precursor: approximately 50,000 tons - Lithium Carbonate/Lithium Phosphate: approximately 15,000 tons - Recycled materials: approximately 10,000 tons [1] - The quantities mentioned are based on current market conditions and may be adjusted according to future industry policies and market supply-demand situations [1]

Core Viewpoint - The company has established a strategic partnership with Zhongwei Co., focusing on product supply, resource development, R&D, and information sharing, which is expected to enhance supply chain stability [1] Group 1: Strategic Cooperation Agreement - The strategic cooperation framework agreement was signed on September 29, 2025, and will be effective until September 30, 2028 [1] - The estimated annual supply and demand for various products are as follows: 40,000 tons for cobalt tetroxide, 50,000 tons for ternary precursors, 15,000 tons for lithium carbonate/lithium phosphate, and 10,000 tons for recycled materials [1] - These estimates are based on current market conditions and may be adjusted according to actual circumstances [1] Group 2: Impact on Company Performance - The agreement is expected to have a minor impact on the company's performance in 2025 [1]