Core Viewpoint - The article discusses a collaboration agreement between Jiemai Technology and CATL for the joint development of lithium battery composite current collectors, highlighting the production capacity commitments for the coming years [5]. Group 1: Agreement Details - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology, has signed a cooperation development framework agreement with CATL for the joint design and development of lithium battery composite current collectors [5]. - The agreement includes customized development, sample delivery, and mass production supply based on CATL's requirements [5]. Group 2: Production Capacity Commitments - The agreement stipulates that during CATL's mass production phase, Rouzhen Technology will prioritize ensuring a production capacity of no less than 1 million m² in 2025, 5 million m² in 2026, and 30 million m² in 2027 [5]. Group 3: Company Background - CATL is a leading player in lithium battery research, production, and sales, with a strong focus on soft-pack and digital lithium batteries, widely used in consumer electronics, new energy vehicles, and energy storage [5].

Core Viewpoint - The article discusses the strategic partnership between Jiemai Technology and ATL, focusing on the development and production of lithium battery composite current collectors, which is expected to enhance both companies' competitive positions in the lithium battery industry [7][9]. Event Information - The 2025 Lithium Battery Industry Annual Conference and the Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Royal Hotel in Shenzhen, with an expected attendance of over 1,200 in-person participants and 30,000 online viewers [3][19]. Partnership Details - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology, signed a cooperation framework agreement with ATL to develop composite current collectors for lithium batteries, with production capacity commitments of 1 million m² in 2025, 5 million m² in 2026, and 30 million m² in 2027 [7][9]. - ATL, with a registered capital of $159.2 million, is a leading player in the lithium battery sector, focusing on R&D, production, and sales, particularly in soft-pack and digital lithium batteries [8]. Impact Analysis - The partnership is expected to significantly enhance the product competitiveness of both Jiemai Technology and Rouzhen Technology, leveraging their respective technological and resource advantages [9]. - The agreement is seen as a strategic move to boost the commercialization capabilities and market share of Rouzhen Technology's composite current collector products in mainstream lithium battery applications [9]. Production Capacity Expansion - Jiemai Technology plans to expand production lines for composite aluminum and copper foils in 2025, with a total of 11 customer agreements signed and a year-on-year order increase of over 40% [10].

Core Viewpoint - Jiemai Technology (002859.SZ) announced a collaboration with CATL for the joint development of lithium battery composite current collectors, indicating a strategic partnership in the growing battery technology sector [1] Group 1: Partnership Details - Jiemai's subsidiary, Ruzhen Technology, signed a framework agreement with CATL to develop lithium battery composite current collectors [1] - Ruzhen Technology will customize and mass-produce according to CATL's requirements [1] Group 2: Production Capacity - The agreement outlines production capacity guarantees of 1 million, 5 million, and 30 million square meters for the years 2025, 2026, and 2027 respectively [1]

Market Overview - On November 18, the A-share market experienced fluctuations, with the Shanghai Composite Index and Shenzhen Component Index both dropping over 1% during the day. The Shanghai Composite Index closed down 0.81% at 3939.81 points, while the Shenzhen Component Index fell 0.92% to 13080.49 points, and the ChiNext Index decreased by 1.16% to 3069.22 points [2][3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.93 trillion yuan, an increase of 15.3 billion yuan compared to the previous trading day [2] Sector Performance - The market showed mixed performance across sectors, with over 4100 stocks declining. Notably, AI application concepts rose against the trend, while semiconductor and robotics sectors showed active performance. Conversely, popular themes recently faced corrections, with the Fujian sector experiencing significant declines and the lithium battery sector showing weakness [2] - Sectors with notable gains included AI applications and software development, while battery, coal, and steel sectors faced the largest declines [2] International Market - On the same day, U.S. stock indices collectively fell, with the Dow Jones down 1.07%, the S&P 500 down 0.83%, and the Nasdaq down 1.21%. Major tech stocks like Amazon and AMD dropped over 4%, while Microsoft and Nvidia fell more than 2% [4][5] - European markets also saw declines, with the FTSE 100 down 1.27%, the CAC 40 down 1.86%, and the DAX down 1.74% [4][5] - International oil prices increased, with WTI crude oil rising by 1.39% to $60.74 per barrel [4][5] Policy and Development Initiatives - The Ministry of Industry and Information Technology aims to establish around 200 high-standard digital parks by 2027, focusing on digital transformation and management improvements for industrial enterprises [7] - The National Development and Reform Commission approved five inter-regional power mutual assistance projects, with a total investment of 24.4 billion yuan, enhancing cross-regional power supply capabilities [9][10] - Beijing plans to incubate 3,000 technology-based enterprises and 600 specialized and innovative enterprises by 2027, aiming to form a robust technology transfer system [11] Company Announcements - Several companies reported significant developments, including: - Furi Shares' third-largest shareholder transferring 6.36% of shares [15] - Xianhui Technology receiving contracts worth approximately 796 million yuan from CATL [15] - Jiemai Technology signing a cooperation agreement with CATL for lithium battery composite materials [15] - Hongbo Shares won an arbitration case, receiving over 243 million yuan in compensation [16] Fund Flow Analysis - The internet services sector saw a net inflow of 4.186 billion yuan, while the battery sector experienced a significant net outflow of 10.625 billion yuan [17] - Notable stocks with net inflows included Liou Shares and N Hengkun, while Sunshine Power and CATL faced substantial net outflows [17]

Core Viewpoint - Jiemai Technology (002859) has signed a cooperation development framework agreement with ATL (Ningde New Energy Technology Co., Ltd.) to jointly develop lithium battery composite current collectors, enhancing both companies' competitive edge in the lithium battery market [2][5][7]. Group 1: Agreement Details - The agreement focuses on the joint design, development, and subsequent production capacity assurance of lithium battery composite current collectors [5]. - Jiemai Technology will prioritize supplying ATL with a minimum production capacity of 1 million m² in 2025, 5 million m² in 2026, and 30 million m² in 2027 [5]. Group 2: Company Profiles - ATL has a registered capital of $159.2 million and is a leading player in lithium battery R&D, production, and sales, with applications in consumer electronics, new energy vehicles, and energy storage [6]. - Jiemai Technology, a leader in the composite current collector industry, has established a robust R&D partnership with Huazhong University of Science and Technology and holds over 130 authorized patents [6]. Group 3: Strategic Implications - The collaboration is expected to significantly enhance the product competitiveness of both companies and establish a sustainable strategic partnership [7]. - This partnership aligns with Jiemai Technology's strategy of focusing on the synergistic development of electronic-grade films and new energy materials, thereby improving overall competitiveness and shareholder value [7]. Group 4: Production Capacity and Market Impact - Prior to the agreement, ATL conducted a factory inspection at Jiemai Technology to confirm production readiness for large-scale manufacturing [8]. - Jiemai Technology plans to expand production lines for composite aluminum and copper foils, with significant increases in production capacity expected by 2025 [8].

Core Viewpoint - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology, has signed a cooperation framework agreement with CATL to jointly develop lithium battery composite current collectors, enhancing both companies' competitive edge in the market [1][2] Group 1: Cooperation Agreement Details - The agreement outlines the basic terms for the joint design and development of products related to lithium battery composite current collectors [1] - CATL will provide design and development ideas, processes, and specifications for the project products, while Rouzhen Technology will collaborate on the design and development as per CATL's requirements [2] Group 2: Production Capacity Commitments - Rouzhen Technology commits to ensuring CATL's production capacity of no less than 1 million meters in 2025, 5 million meters in 2026, and 30 million meters in 2027 [2] Group 3: Technological and Market Position - Rouzhen Technology has established a strong position in the composite current collector industry, with over 130 authorized patents and collaborations with Huazhong University of Science and Technology [2] - The cooperation is expected to enhance the commercialization capabilities and market share of Rouzhen Technology's composite current collector products in mainstream lithium battery applications [2]

Group 1 - Ningde Times announced the cancellation of 111,400 stock options due to some incentive recipients leaving the company, which will not affect the company's share capital or the implementation of the 2021 incentive plan [1] - Xianhui Technology received contracts and notifications from Ningde Times and its subsidiaries totaling approximately 796 million yuan, which is expected to positively impact the company's performance for 2025-2026 [2][3] - The total order amount between Xianhui Technology and Ningde Times reached 2.182 billion yuan over nearly a year [3] Group 2 - Sun Rigu, the third-largest shareholder of Furui Co., transferred 6.36% of the company's shares to his son at a price significantly lower than the market price, which may indicate a lack of confidence in the stock's future performance [4] - China First Heavy Industries' chairman was arrested for bribery, but the company's operations remain normal, with management responsibilities being handled by the executive team [5] - Jiemai Technology's subsidiary signed a cooperation agreement with Ningde New Energy Technology for the joint development of lithium battery composite current collectors, enhancing both companies' competitive edge in the market [6][7] Group 3 - ST Zhengping's stock was suspended for trading due to a significant price increase that deviated from its fundamentals, marking the third suspension in two months [8] - Heshun Petroleum's shareholder acquired 6% of the company's shares through a private transfer, becoming a major shareholder [7] - Meng Tian Home decided to terminate its asset purchase and control change plans, leading to the resumption of its stock trading [9] Group 4 - Aok Shares signed a strategic cooperation agreement with Suzhou Qitian to develop lithium battery electrolyte additives, strengthening its position in the lithium battery materials market [10] - Shengxin Lithium Energy plans to sign a cooperation framework agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt products from 2026 to 2030, enhancing its market competitiveness [11] - Xiamen Tungsten plans to invest 1.525 billion yuan to establish a wholly-owned subsidiary for the production of high-performance low-cobalt battery materials, aligning with industry trends [12] Group 5 - Hongbo Co.'s subsidiary won an arbitration case, resulting in a compensation of over 243 million yuan, which may impact the company's future profits [14] - Ningbo Fangzheng signed a strategic cooperation agreement with Ningbo Huaxiang Qiyuan Technology to enhance collaboration in the production of precision components for robots [15] - Zhongwen Media plans to use 9.5 billion yuan of idle funds to purchase financial products, indicating a strategy to optimize asset management [16] Group 6 - Shuaifeng Electric plans to invest 53 million yuan in a fund that will directly invest in a digital technology company, reflecting a strategy to diversify investments [17] - Shengbang Co. intends to acquire 60% of Wuxi Wok's equity, which is expected to constitute a major asset restructuring, indicating a strategic move in the automotive sector [18]

Core Viewpoint - Zhejiang Jiemai Electronic Technology Co., Ltd. (referred to as "Jiemai Technology") announced a cooperation framework agreement with Contemporary Amperex Technology Co., Limited (referred to as "ATL") to jointly develop "lithium battery composite current collectors" [1][2] Group 1: Cooperation Details - Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology Co., Ltd. (referred to as "Rouzhen Technology"), will customize development, sample delivery, and mass production supply based on ATL's requirements [1] - The collaboration aims to promote the industrial application of composite current collectors in the lithium battery sector, leveraging both parties' technological and resource advantages [2] Group 2: Company Background and Position - ATL is a leading player in the lithium battery industry, focusing on research, production, and sales, with a strong presence in soft-pack and digital lithium batteries [1][2] - Rouzhen Technology has established a solid intellectual property barrier with over 130 authorized patents and has been recognized as a national technology-based small and medium-sized enterprise [2] Group 3: Strategic Implications - The partnership is expected to enhance the competitiveness of both companies' products and establish a sustainable strategic partnership [2] - This collaboration aligns with Jiemai Technology's strategic focus on the synergistic development of electronic-grade films and new energy materials, thereby improving overall competitiveness and safeguarding shareholder interests [2]

Core Viewpoint - The announcement highlights a strategic partnership between Jiemai Technology's subsidiary, Zhejiang Rouzhen Technology Co., Ltd., and Contemporary Amperex Technology Co., Ltd. (ATL) for the joint development of lithium battery composite current collectors, aiming for mutual benefits and industrial application in the lithium battery sector [1]. Group 1 - The cooperation framework agreement was signed on November 18, 2025, focusing on the joint design, development, and subsequent production capacity assurance of composite current collectors for lithium batteries [1]. - Rouzhen Technology will customize development and supply samples and mass production based on ATL's requirements, indicating a tailored approach to meet specific industry needs [1]. - The agreement is related to the daily operations of the company's subsidiary and does not constitute a related party transaction, thus simplifying the approval process as it does not require board or shareholder review [1].

Group 1: Resumption of Trading - Meng Tian Home has terminated the plan to acquire assets through the issuance of shares and cash payment, and the actual controller has also terminated the plan for control transfer, leading to the resumption of trading [1] Group 2: Mergers and Acquisitions - Sheng Bang Co., Ltd. plans to acquire 60% equity of Wuxi Woke, which is expected to constitute a major asset restructuring; Wuxi Woke is primarily engaged in the R&D and production of automotive interior and exterior plastic products, engine, and electric drive motor components [2] Group 3: Equity Transfer and Buyback - He Shun Petroleum's actual controller, Chen Wanyi, has agreed to acquire 10.3144 million shares of the company, accounting for 6% [3] - Hai Da Group plans to repurchase company shares with an amount between 1 billion to 1.6 billion [3] Group 4: Daily Operations and External Investments - Shengxin Lithium Energy intends to sign a cooperation framework agreement with Huayou Holding Group to supply 221,400 tons of lithium salt from 2026 to 2030 [4] - Xiamen Tungsten New Energy plans to invest 600 million to establish a wholly-owned subsidiary, Xiamen Canghai New Energy Materials, for a project with an annual production capacity of 50,000 tons of high-performance battery materials, with a total investment of 1.525 billion [4][4] - Jiemai Technology's subsidiary, Rouzhen Technology, has signed a cooperation development framework agreement with Ningde Times New Energy Technology for joint design and development of "lithium battery composite current collectors" [4] - Ningbo Fangzheng has signed a strategic cooperation agreement with Ningbo Huaxiang Qiyuan Technology to collaborate on the development and mass production of precision components and joint modules for Huaxiang Qiyuan's robotic products [4] - Aok Shares has signed a strategic cooperation framework agreement with Suzhou Qitian New Materials to collaborate on lithium battery electrolyte additives derived from ethylene oxide [4] - Xianghe Industrial plans to acquire 5% equity of Hezhixiang [4] - Funeng Technology has increased the implementation entity for its all-solid-state battery project [5] - Xianhui Technology has signed nearly 800 million in sales contracts from August to November, strengthening deep cooperation with Ningde Times [6]