ENERGY TECHNOLOGY(SZ:002812)2025-09-17 01:34Group 1: Company Advantages in Overseas Markets - The company has established overseas production capacity and has numerous international clients and orders, along with a robust intellectual property (IP) framework [2] - The company is one of the earliest in China's lithium battery industry to expand overseas, with a 400 million square meter production capacity project in Hungary initiated in 2020 and a 700 million square meter coating film production project in the U.S. announced in January 2024 [2] - The company maintains long-term partnerships with globally recognized battery manufacturers, enhancing its global market share and leadership in the separator industry [3] Group 2: Market Demand and Supply Dynamics - The company currently operates at a high capacity utilization rate, leading the industry, with expectations of increased demand in the second half of the year [4] - The separator industry is experiencing a slowdown in new capacity additions, which, combined with stable demand growth, is expected to lead to a balance in supply and demand in the future [4] Group 3: Order Status and Production Capacity - The company has a robust order backlog and high capacity utilization, with stable growth in downstream customer demand and orders, particularly in the energy storage sector [5] - Domestic production bases include multiple locations such as Shanghai, Zhuhai, Wuxi, and others, with a dry separator base in Jiangxi having an annual capacity of 1 billion square meters [6] Group 4: Solid-State Material Development - The company is actively developing semi-solid battery separator capabilities through its subsidiary Jiangsu Sanhe Battery Material Technology Co., Ltd., which has the capacity for mass production [7] - In the all-solid-state battery materials sector, the company’s subsidiary Hunan Enjie Frontier New Materials Technology Co., Ltd. focuses on high-purity lithium sulfide and solid electrolyte products, with a pilot line for high-purity lithium sulfide already established [7]