格隆汇12月10日丨ST合纵(300477.SZ)在互动平台表示，公司控股湖南雅城主要是锂电池正极材料前驱 体的研发、生产和销售。固态电池正极可依旧沿用现在的磷酸铁锂、三元锂、锰酸锂等体系。目前公司 尚未涉及固态电池业务。 ...

每经AI快讯，有投资者在投资者互动平台提问：雅城新能源上榜2024年度宁乡经开区工业企业"规模50 强"。这个公司主要干嘛的呢？ ST合纵（300477.SZ）12月10日在投资者互动平台表示，公司控股公司湖南雅城主要是锂电池正极材料 前驱体的研发、生产和销售。 （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：贵司的固态电池材料中试到了哪一步了？ ST合纵（300477.SZ）12月10日在投资者互动平台表示，公司控股湖南雅城主要是锂电池正极材料前驱 体的研发、生产和销售。固态电池正极可依旧沿用现在的磷酸铁锂、三元锂、锰酸锂等体系。目前公司 尚未涉及固态电池业务。 （记者 胡玲） ...

人民财讯12月10日电，ST合纵（300477）12月10日在互动平台表示，公司控股公司湖南雅城主要是做 锂电池正极材料前驱体的研发、生产和销售。 ...

Core Viewpoint - The three companies, Hunan Yacheng Liyuan New Materials Co., Ltd., Hunan Yacheng Hengyuan New Energy Co., Ltd., and Hunan Yacheng Lithium Battery New Materials Co., Ltd., are subsidiaries of ST Hezhong (300477.SZ) and primarily engage in the business of lithium battery cathode material precursors [1]. Company Overview - Hunan Yacheng Liyuan New Materials Co., Ltd. is involved in the production of lithium battery cathode material precursors [1]. - Hunan Yacheng Hengyuan New Energy Co., Ltd. focuses on similar activities related to lithium battery materials [1]. - Hunan Yacheng Lithium Battery New Materials Co., Ltd. also operates in the lithium battery precursor sector [1].

Core Viewpoint - Zhongwei New Materials Co., Ltd. is entering the final stage of its IPO in Hong Kong, having completed the offering of 104.2254 million H-shares at a price range of HKD 34 to HKD 37.8, aiming to raise up to HKD 3.94 billion [1][3]. Group 1: IPO Details - The IPO consists of 10% for public offering in Hong Kong and 90% for international placement [1]. - The cornerstone investors include nine institutions that collectively subscribed for nearly HKD 1.659 billion worth of shares, accounting for approximately 44.3% of the total offering [2][4]. Group 2: Investment Appeal - Zhongwei New Materials has established a strong competitive edge in the lithium battery precursor materials sector, with a comprehensive integrated industrial chain from resource development to recycling, which is attractive to investors [4][17]. - The scarcity of quality investment targets in the Hong Kong market for new energy materials, with Zhongwei being the second company to achieve A+H listing, enhances its appeal to global capital [4][5]. - The company has received an AA rating in the MSCI ESG domain, making it attractive to investors focused on ESG principles [5][14]. Group 3: Institutional Support - The cornerstone investors include local government industrial support funds, industry partners, and well-known domestic and foreign investment institutions, indicating strong institutional confidence in Zhongwei's future [8][12]. - The Guizhou New Industrialization Fund's participation reflects local government support for Zhongwei's sustainable development [9][11]. Group 4: Future Growth Prospects - Analysts predict that Zhongwei's net profit will grow significantly from 2025 to 2027, driven by the recovery of nickel prices and increasing demand for ternary precursors [16][17]. - The company has built a diversified product matrix and a global development framework, positioning itself to capitalize on the booming new energy battery market [17].

Group 1 - The core point of the article highlights the performance of Zhongwei Co., Ltd., which saw a stock increase of 5.17% to 48.20 CNY per share, with a total market capitalization of 45.213 billion CNY as of November 7 [1] - Zhongwei Co., Ltd. is primarily engaged in the research, production, processing, and sales of lithium battery cathode material precursors, with its main business revenue composition being 45.17% from battery materials, 43.49% from new energy metals, and 11.34% from other sources [1] Group 2 - From the perspective of the top circulating shareholders, E Fund's ETF (159915) reduced its holdings by 1.4414 million shares in the third quarter, now holding 8.9949 million shares, which represents 0.99% of the circulating shares [2] - The E Fund's ETF has achieved a year-to-date return of 52.52% and a one-year return of 44.11%, ranking 545 out of 4216 and 653 out of 3913 respectively in its category [2] Group 3 - The fund managers of E Fund's ETF are Cheng Xi and Liu Shurong, with Cheng having a tenure of 9 years and 187 days and a total fund asset size of 250.121 billion CNY, while Liu has a tenure of 8 years and 115 days with a total fund asset size of 141.127 billion CNY [3]

Core Viewpoint - Zhongwei Co., Ltd. has experienced fluctuations in stock price and trading volume, with a notable increase in revenue but a decrease in net profit year-on-year [1][2]. Financial Performance - As of September 30, Zhongwei Co., Ltd. reported a revenue of 33.297 billion yuan for the first nine months of 2025, representing a year-on-year growth of 10.39% [2]. - The net profit attributable to shareholders for the same period was 1.113 billion yuan, showing a year-on-year decrease of 15.94% [2]. Stock Market Activity - On November 4, Zhongwei's stock price fell by 2.01% to 44.91 yuan per share, with a trading volume of 1.20 billion yuan and a turnover rate of 0.29% [1]. - The stock has increased by 26.51% year-to-date, with a 3.17% rise over the last five trading days, an 8.31% decline over the last 20 days, and a 33.90% increase over the last 60 days [1]. Shareholder Information - As of September 30, the number of shareholders increased by 30.27% to 46,800, while the average number of circulating shares per person decreased by 23.00% to 19,509 shares [2]. - The company has distributed a total of 1.936 billion yuan in dividends since its A-share listing, with 1.789 billion yuan distributed in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 18.5809 million shares, an increase of 2.8208 million shares from the previous period [3]. - E-Fund's ChiNext ETF is the eighth-largest circulating shareholder, holding 8.9949 million shares, a decrease of 1.4414 million shares from the previous period [3].

Group 1 - The core point of the news is that Zhongwei Co., Ltd. has seen a stock price increase of 5.43%, reaching 48.14 CNY per share, with a total market capitalization of 451.57 billion CNY [1] - Zhongwei Co., Ltd. specializes in the research, production, processing, and sales of lithium battery cathode material precursors, with its main business revenue composition being 45.17% from battery materials, 43.49% from new energy metals, and 11.34% from other sources [1] - The company is located in Tongren City, Guizhou Province, and was established on September 15, 2014, with its listing date on December 23, 2020 [1] Group 2 - The Hongyi Yuanfang National Enterprise Transformation and Upgrade Mixed A Fund (006369) holds a significant position in Zhongwei Co., Ltd., having reduced its holdings by 2,100 shares in the third quarter, now holding 20,500 shares, which accounts for 2.47% of the fund's net value [2] - The fund has achieved a year-to-date return of 33.35%, ranking 2739 out of 8154 in its category, and a one-year return of 37.5%, ranking 2005 out of 8046 [2] - The fund manager, Zhang Jin, has a tenure of 19 years and 286 days, with the fund's total asset size currently at 110 million CNY [3]

Core Viewpoint - Zhongwei Co., Ltd. is a leading enterprise in the global ternary precursor market, focusing on the research, production, and sales of lithium battery cathode material precursors, with a fully integrated industrial chain advantage [1] Group 1: Business Performance - In Q3 2025, Zhongwei's revenue reached 33.297 billion yuan, ranking first among 44 companies in the industry, significantly higher than the industry average of 6.52 billion yuan and median of 4.845 billion yuan [2] - The main business composition includes battery materials at 9.632 billion yuan (45.17%), new energy metals at 9.273 billion yuan (43.49%), and other revenues at 2.417 billion yuan (11.34%) [2] - The net profit for the same period was 1.107 billion yuan, ranking fourth in the industry, above the industry average of 198 million yuan and median of 16.084 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongwei's debt-to-asset ratio was 61.31%, up from 59.97% year-on-year and above the industry average of 51.96% [3] - The gross profit margin for Q3 2025 was 12.28%, slightly down from 12.55% year-on-year but higher than the industry average of 10.89% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 30.27% to 46,800, while the average number of circulating A-shares held per account decreased by 23.00% to 19,500 [5] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and E Fund's ChiNext ETF, with notable changes in their holdings [5] Group 4: Production and Sales - In the first half of 2025, the sales volume of nickel, cobalt, phosphorus, and sodium products grew positively, exceeding 188,000 tons, a year-on-year increase of 33.91% [6] - The production capacity utilization rates for ternary precursors, cobalt tetraoxide, and iron phosphate were 60.86%, 84.35%, and 71.78%, respectively [6] Group 5: Leadership Compensation - The chairman and president, Deng Weiming, received a salary of 3.4617 million yuan in 2024, an increase of 916,000 yuan from 2023 [4]