Group 1 - The 2025 China Solid-State Battery Industry Golden Award is being organized by Qidian Solid-State Battery and Qidian Research Institute SPIR, with BASF Shanshan participating in the "2025 China All-Solid-State Battery Material Technology Innovation Award" category [2][6] - BASF Shanshan Battery Materials Co., Ltd. is a joint venture established in 2021, with BASF holding 51% and Shanshan holding 49%. The company has a production capacity of approximately 100,000 tons per year and focuses on battery cathode materials [3][4] - The company has developed a high-nickel product for semi-solid batteries, enhancing energy density and cycle life, which has already been mass-produced and delivered to customers [5] Group 2 - The Golden Award aims to encourage innovation in the solid-state battery industry and recognize leading and innovative companies that have made significant contributions [6] - The evaluation process includes self-recommendation or recommendation by Qidian Solid-State Battery and Qidian Research Institute SPIR, followed by candidate data review, committee voting, and public announcement of results [7] - The application period for the award is from July 28, 2025, to September 20, 2025, with the award ceremony scheduled for November 8, 2025, in Guangzhou [8]

Core Viewpoint - The report evaluates the implementation of the "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for the first half of 2025, highlighting significant progress in operational performance and strategic initiatives aimed at enhancing competitiveness and governance [1][2][3][4][5][6] Group 1: Operational Performance - The company has focused on its core business strategy, resulting in a 59.31% year-on-year reduction in operating losses, indicating a steady improvement in operational conditions [1] - The sales volume of lithium iron phosphate products increased by 217.53% year-on-year, with successful upgrades and stable mass production of third-generation products [1] - The company has entered the mass production phase for high-voltage ternary single crystal series products and has initiated trial production of new-generation nickel-rich ternary products [1] Group 2: Research and Development - The company has strengthened its R&D capabilities by expanding its talent pool and focusing on technological innovation, which has led to the selection of its solid-state battery interface mechanism research as one of the "Top Ten Basic Scientific Issues" in the materials field by the State-owned Assets Supervision and Administration Commission [2] - A joint investment was made with partners to establish a new company focused on the recycling and reuse of power battery resources, with the project currently in the feasibility study phase [2] Group 3: Quality Management - The company has implemented a three-dimensional quality control system to enhance product quality, emphasizing a culture of quality awareness among all employees and establishing a comprehensive quality supervision mechanism [3] - A strict accountability mechanism for major quality incidents has been established to ensure responsibility at all levels [3] Group 4: Governance and Compliance - The company has developed a modern governance structure and internal control system to enhance operational efficiency and risk management capabilities [4] - A new market value management system has been established to improve overall corporate value and market competitiveness [4] Group 5: Investor Relations - The company has established a multi-channel communication platform with investors, including investor hotlines and performance briefings, to ensure transparency and address market concerns [5] - The company has achieved an AA rating in the ESG assessment, reflecting its commitment to sustainable development practices [5] Group 6: Regulatory Compliance - The company has implemented a dynamic regulatory response mechanism to stay updated on new regulations and enhance compliance culture among key stakeholders [6]