Core Viewpoint - The lithium battery industry is experiencing a high growth trend, but many related projects are facing delays and adjustments due to changes in the internal and external environment [2][8][13]. Group 1: Event Announcement - The 2025 (10th) Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Hall, Shenzhen [2]. - The event is organized by Qidian Lithium Battery, Qidian Energy Storage, and Qidian Research Institute, celebrating the 10th anniversary of Qidian Research [2]. Group 2: Company Updates - Kaisheng New Materials announced a delay in the implementation of its public offering of convertible bonds for a new lithium salt project, which was initially planned to produce 10,000 tons per year [3][8]. - The company raised a total of 650 million yuan (approximately 6.5 billion yuan) through the issuance of convertible bonds, with a net amount of 637.9 million yuan after deducting issuance costs [4]. - As of November 30, the new lithium salt project had not commenced construction, and only 100 million yuan had been allocated to supplement working capital [5][6]. Group 3: Financial Performance - For the first three quarters of 2025, Kaisheng New Materials reported a revenue of 774 million yuan, representing a year-on-year increase of 11.22%, and a net profit attributable to shareholders of 116 million yuan, up 121.56% year-on-year [9]. Group 4: Industry Trends - Other companies in the lithium battery supply chain, such as Tianci Materials and Mingguan New Materials, have also announced project delays, indicating a broader trend of cautious project management in the industry [13][14]. - The adjustments are attributed to rapid technological updates in lithium battery technology and the need to avoid overcapacity, suggesting a shift towards more mature and prudent business strategies [15].

Core Viewpoint - The company has decided to postpone the implementation of its 10,000 tons/year lithium battery new-type lithium salt project, originally planned to raise 550 million yuan, due to the current adjustment period in the new energy industry and frequent technological updates in lithium batteries [1] Group 1 - The project has not commenced construction as of November 30, 2025, with zero funds raised [1] - The decision to delay the project is based on careful consideration of the macroeconomic and industry environment changes, as well as the company's operational situation [1] - The company emphasizes that this postponement will not significantly impact its current operations and is aimed at optimizing resource allocation and reducing investment risks in the long term [1] Group 2 - The company will monitor market trends and operational conditions to appropriately schedule the project in the future [1] - It will also keep a close watch on industry policies and market environment changes to ensure effective use of raised funds and sustainable development [1]

Core Viewpoint - The company has decided to re-evaluate and temporarily suspend the implementation of its convertible bond fundraising project for a new lithium salt project aimed at producing 10,000 tons per year for lithium batteries, while ensuring that the project's implementation主体,方式,用途, and规模 remain unchanged [1] Group 1 - The fourth meeting of the fourth board of directors approved the proposal to re-evaluate and temporarily suspend the implementation of the convertible bond fundraising project [1] - The project involves a public issuance of convertible bonds for a lithium salt project with an annual capacity of 10,000 tons for lithium batteries [1] - The sponsor institution has provided verification opinions, confirming that the re-evaluation and suspension of the fundraising project fall within the board's approval authority and do not require submission to the shareholders' meeting for approval [1]