技术攻坚是李晓明布局的核心抓手，也筑牢了企业发展根基。20世纪90年代，他毅然归国投身实业，从 包装材料领域稳健起步，凭借对技术创新的不懈追求，积累了扎实的实业运营经验与深厚的技术沉淀。 2010年，在精准洞察新能源产业的广阔蓝海后，李晓明果断带领企业跨界进军隔膜赛道。在行业发展初 期，他顶住市场波动压力持续加码研发投入，带领技术团队攻克超薄基膜、在线涂布等一系列核心技术 难关，成功打破外资主导的行业技术壁垒，实现国产化替代的关键突破。 全球化的前瞻布局，成为企业穿越行业周期的重要支撑。伴随中国锂电企业海外建厂的热潮，隔膜行业 出海模式已从单纯产品出口升级为本地化生产布局。李晓明主导恩捷率先发力海外核心市场，目前海外 生产基地已顺利实现投产出货，后续海外建厂项目正按规划稳步推进。海外订单的持续落地与基地布局 的逐步完善，让中国隔膜技术在国际舞台上持续彰显核心竞争力。 从技术突围到全球领航，恩捷的发展轨迹深刻印证了长期主义的深厚价值。未来，在李晓明的战略引领 下，企业将继续聚焦核心技术迭代升级，持续深化全球化产能布局，以不懈创新铸就行业标杆，为全球 新能源产业高质量发展注入源源不断的中国动能。 在新能源产业跨越 ...

Core Viewpoint - The lithium battery supply chain has experienced significant price increases from 2020 to 2022, driven by strong demand and a smooth transmission of price hikes across the industry [2][3]. Group 1: Price Trends - Electrolyte prices started at 70,000 CNY/ton in September 2020, rising to 100,000 CNY/ton by the end of the year, and reaching a peak of 580,000 CNY/ton in February 2022, with long-term contract prices stabilizing between 200,000 to 300,000 CNY/ton [2][3]. - Iron lithium cathode prices, including phosphoric acid iron and processing fees, doubled in 2021, peaking at over 40,000 CNY/ton by the end of that year [2][3]. - Anode prices began to rise in Q3 2021 due to graphite production constraints, increasing from 12,000 CNY/ton to a high of 25,000 to 28,000 CNY/ton by Q2 2022 [2][3]. Group 2: Supply Chain Dynamics - Lithium carbonate prices rebounded from a low of 40,000 CNY/ton at the end of 2020 to 50,000 CNY/ton in early 2021, and surged to 300,000 CNY/ton by the end of 2021, eventually reaching 520,000 CNY/ton by February 2022 [2][3]. - The battery sector has effectively transmitted raw material price increases, with battery prices rising by 1 cent/wh in Q1 2021 and accelerating to 2-3 cents/wh in Q1 and Q2 of 2022, reaching over 1 CNY/wh [2][3]. Group 3: Future Outlook - Current market conditions resemble Q4 2020, with expectations for continued price increases due to strong demand and low profitability levels compared to previous years [3]. - The industry's expansion willingness is significantly lower than in 2021, with limited new supply expected by 2026, suggesting a more stable price environment [3]. - The anticipated price increases are not expected to be as dramatic as in 2021, with supply-demand tightness projected to be lower, particularly for hexafluorophosphate and lithium carbonate [3]. Group 4: Investment Recommendations - The current valuation of leading companies is considered reasonable, with expected industry growth of 20% in 2027, suggesting potential for investment in the battery sector, including companies like CATL, Yiwei Lithium Energy, and others [4]. - Material leaders such as Keda Lithium and others are also highlighted as strong investment opportunities, alongside companies in the lithium carbonate sector [4]. - The solid-state battery sector is recommended for investment, particularly with catalysts expected to materialize in Q4 2025 [4].

一、股东部分股份质押展期的基本情况 ■ 注：本公告中所述的总股本均指公司截至2026年2月6日总股本；本公告中所涉数据的尾数如有差异或不 符系四舍五入所致。 证券代码：002812股票简称：恩捷股份 公告编号：2026-015 云南恩捷新材料（集团）股份有限公司 关于股东部分股份质押展期的公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 云南恩捷新材料（集团）股份有限公司（以下简称"公司"）于近日接到公司持股5%以上股东玉溪合益 投资有限公司（以下简称"合益投资"）的通知，获悉合益投资将其持有的部分公司股份办理了质押展期 手续，具体事项如下： 公司目前经营一切正常，合益投资及其一致行动人对公司发展充满信心。合益投资及其一致行动人资信 状况良好，具备良好的资金偿还能力，其质押的股份目前不存在平仓风险，质押风险可控。上述质押行 为，不会导致公司实际控制权发生变更、不会对公司生产经营和公司治理产生影响。若出现平仓风险， 合益投资及其一致行动人将采取补充质押、提前购回被质押股份等措施应对风险。 四、备查文件 1、中国证券登记结算有限责任公司出具的《证券质押及司法冻结明细表 ...

（记者 曾健辉） 每经AI快讯，恩捷股份2月9日晚间发布公告称，截至本公告日，合益投资累计质押股数约为6753万 股，占其所持股份比例为56.53%。李晓华累计质押股数为3947万股，占其所持股份比例为48.88%。 Paul Xiaoming Lee累计质押股数为6500万股，占其所持股份比例为50.61%。 Sherry Lee累计质押股数为 655万股，占其所持股份比例为9.19%。 Jerry Yang Li累计质押股数约为1474万股，占其所持股份比例为 100%。 每经头条（nbdtoutiao）——美国名校毕业刚回国，26岁"金少"空降成董事长和总经理，父母隐退！A股 多位"00后"执掌要职，"不负投资者"成重大考验 ...

一、股东部分股份质押展期的基本情况 | | 是否为控股股东 | 本次质押 | 占其所 | 占公司 | 是否 | 是否为 | 原质押 | | 展期后质押 | | 质权人 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 或第一大股东及 | 展期股份 | 持股份 | 总股本 | 为限 | 补充质 | 到期日 | | 到期日 | | | 用途 | | | 其一致行动人 | 数量（股） | 比例 | 比例 | 售股 | 押 | | | | | | | | 合益投资 | 是 | 6,691,100 | 5.60% | 0.68% | 否 | 否 | 2026 年 2 | 月 | 2026 年 月 | 8 | 国泰海通证券 | 质押 | | | | 1,008,900 | 0.84% | 0.10% | 否 | 否 | 日 6 | | 日 4 | | 股份有限公司 | 展期 | 证券代码：002812 股票简称：恩捷股份 公告编号：2026-015 云南恩捷新材料（集团）股份有限公司 关 ...

Core Viewpoint - The announcement from Enjie Co., Ltd. indicates that a major shareholder, Heyi Investment, has extended the pledge of part of its shares, which reflects ongoing financial management and stability within the company [1] Group 1: Shareholder Actions - Heyi Investment has pledged 6.6911 million shares, representing 5.60% of its holdings, and an additional 1.0089 million shares, accounting for 0.84% of its holdings [1] - The original pledge expiration date was February 6, 2026, which has now been extended to August 4, 2026 [1] - The pledge is secured by Guotai Junan Securities, indicating a structured financial arrangement [1] Group 2: Shareholding Structure - As of the announcement date, Heyi Investment and its concerted parties hold a total of 415 million shares, which is 42.22% of the total share capital [1] - The cumulative pledged shares amount to 19.3 million, which is 46.61% of Heyi Investment's total holdings [1] Group 3: Company Operations - The company asserts that its operations are currently normal and that the risks associated with the pledges are manageable [1] - There is no indication that these developments will lead to a change in the actual control of the company [1]

Investment Rating - The report maintains an "Overweight" rating for the electric power equipment industry [6] Core Insights - The report highlights significant developments in the lithium battery sector, including Elon Musk's announcement of the large-scale production of dry electrodes and CATL securing a 10GWh energy storage project [8][14][15] - The energy storage market shows strong demand, with January's procurement reaching 36.3GWh and a 42% increase in the average price of 4-hour storage systems over the past six months [25][26] - The report emphasizes the potential for performance and valuation improvements in the lithium battery and energy storage sectors, suggesting a favorable medium-term investment outlook [8] Summary by Sections Lithium Battery Sector - The battery industry index rose by 3.24%, outperforming the CSI 300 by 4.57 percentage points, with key stocks like Enjie and Wanrun New Energy showing significant gains [12] - Major events include the announcement of dry electrode mass production by Tesla and strategic partnerships in solid-state battery technology [14][16][18] Energy Storage Sector - January saw a procurement of 36.3GWh in energy storage, with a notable 42% increase in the average price of 4-hour systems [25][26] - The report notes strong demand in regions like Ningxia, which completed a procurement scale of 7.76GWh, the highest in the country [25] - The report identifies key companies in the energy storage sector, including Haibo Sichuang and Sungrow Power [8] Electric Power Equipment Sector - The report discusses the approval of significant high-voltage projects, including the "Mont Electricity into Shanghai" project, marking the start of substantial construction [29][30] - It highlights the ambitious "six AC and six DC" plan in Inner Mongolia, which aims to add 48 million kilowatts of high-voltage transmission capacity [30] Photovoltaic Sector - The report tracks the stability in silicon material prices and the decline in silicon wafer prices, indicating a cautious market outlook [33][36] - It notes the recent interest from Musk's team in Chinese photovoltaic companies, focusing on potential collaborations in solar technology [39] Wind Power Sector - The report outlines progress in offshore wind projects across various regions, with significant approvals and tenders being announced [42][44] - It emphasizes the expected growth in offshore wind capacity and the importance of supply chain developments in the sector [51][52]

公司向招商银行股份有限公司苏州分行（以下简称"招行苏州分行"）出具《最高额不可撤销担保书》 （编号：512XY260126T00000211），对下属子公司苏州捷力向招行苏州分行申请的额度为人民币 20,000.00万元的综合授信提供连带责任保证担保。 公司与邦银金融租赁股份有限公司（以下简称"邦银金租"）签订《保证合同》（合同编号： BYMHZ20260022-BZ-01），对控股子公司上海恩捷新材料科技有限公司（以下简称"上海恩捷"）向邦 银金租申请的额度为人民币5,000.00万元的融资租赁提供连带责任保证担保。 三、担保合同的主要内容 单位：如无特殊说明，为人民币万元 ■ 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 一、担保情况概述 云南恩捷新材料（集团）股份有限公司（以下简称"公司"）于2025年12月30日召开第五届董事会第五十 一次会议，审议通过了《关于公司2026年度合并报表范围内担保额度的议案》，详见公司于2025年12月 31日在指定信息披露媒体《证券时报》《证券日报》《上海证券报》《中国证券报》和巨潮资讯网 （www.cninfo.com.cn ...

Core Viewpoint - The trading volumes of the Shanghai and Shenzhen Stock Connects indicate significant investor activity, with notable inflows and outflows in various sectors and stocks, reflecting market sentiment and investment trends. Trading Volume Summary - The total trading amount for the Shanghai Stock Connect was 134.14 billion, while the Shenzhen Stock Connect reached 153.30 billion [1]. Top Stocks by Trading Volume Shanghai Stock Connect - The top traded stocks included: - Kweichow Moutai (28.75 billion) - Zijin Mining (26.79 billion) - Industrial Fulian (20.01 billion) [2]. Shenzhen Stock Connect - The leading stocks were: - CATL (59.16 billion) - Tianfu Communication (43.66 billion) - Zhongji Xuchuang (36.11 billion) [3]. Sector Performance - Sectors such as oil and gas, batteries, and chemicals showed strong performance, while consumer sectors experienced declines [4]. Major Fund Inflows and Outflows Fund Inflows - The top sectors with net inflows included: - New Energy (51.65 billion, 1.97%) - Basic Chemicals (37.74 billion, 3.09%) [5]. Fund Outflows - The sectors with the highest net outflows were: - Defense and Military (50.28 billion, -5.27%) - Cultural Media (42.94 billion, -4.62%) [6]. Individual Stock Fund Monitoring Net Inflows - The stocks with the highest net inflows included: - Wuzhou Xinchun (11.85 billion, 30.31%) - Daji Shares (10.68 billion, 35.91%) [7]. Net Outflows - The stocks with the highest net outflows included: - Xinyi Sheng (29.11 billion, -17.14%) - Zhongbiao Xuchuang (15.56 billion, -8.69%) [8]. ETF Trading Summary Top ETFs by Trading Volume - The leading ETFs by trading amount included: - Gold ETF (19.03 billion, -5.10%) - A500 ETF Fund (14.96 billion, -4.58%) [9]. ETFs with Highest Growth in Trading Volume - The ETFs with the highest growth in trading volume included: - Brazil ETF (19.82 billion, 298.93%) - Hang Seng Dividend Low Volatility ETF (4.25 billion, 178.74%) [10]. Futures Positioning - Among the four major futures contracts, both long and short positions were reduced, with the IM futures contract seeing a significant increase in short positions, indicating heightened bearish sentiment [11]. Institutional Activity Buying Activity - Notable institutional buying included: - Enjie Shares (10.00%, 180 million) - Red Treasure (1.94%, 113 million) [12]. Selling Activity - Significant selling activity was observed in: - Jieli Suojun (2.79 billion) [13]. Retail and Quantitative Fund Activity Retail Activity - Retail investors showed reduced activity, with notable purchases in: - Jieli Suojun (1.63 billion) [14]. Quantitative Fund Activity - Quantitative funds were active, with significant purchases in: - Enjie Shares (1.07 billion) [15].

Core Viewpoint - The article discusses the strategic moves of Enjie Co., Ltd. in the solid-state battery sector, highlighting its partnerships and developments in high-performance electrolyte membranes and solid electrolyte materials [2][3]. Group 1: Strategic Partnerships - Enjie has signed a strategic cooperation agreement with Enli Power to jointly develop high-performance electrolyte membranes suitable for solid-state batteries, establishing a collaborative mechanism for process synergy and product application [2]. - A subsequent agreement with Guoxuan High-Tech focuses on technical collaboration for key materials like membranes and solid electrolytes, aiming to advance applications such as zero-carbon factories and intelligent mobile energy storage charging stations [2][3]. Group 2: Material Development - Enjie is extending its focus beyond membranes to include key materials in the sulfide system for solid-state batteries, with plans for high-purity lithium sulfide and solid electrolyte membranes [4]. - The company has initiated batch shipments from its pilot line for high-purity lithium sulfide and is constructing a pilot project for solid electrolytes with a target capacity of thousands of tons [4]. Group 3: Order and Supply Framework - Enjie has established a procurement framework agreement with Beijing Weilan New Energy, expecting orders for at least 300 million square meters of semi-solid and solid-state battery electrolyte membranes and a minimum of 100 tons of solid-state battery electrolytes from 2025 to 2030 [5]. - The framework supply agreement indicates a strategy to leverage traditional manufacturing advantages in the new solid-state material landscape, enhancing bargaining power and entry barriers in the solid-state supply chain [5].