Group 1 - The core viewpoint of the article is that the company, 当升科技, has executed a stock buyback plan, acquiring a total of 552,300 shares, which represents 0.1% of the company's total equity, at an average price of 56.50 yuan per share, amounting to a total investment of 31.2046 million yuan [1] Group 2 - The stock buyback plan was conducted through a trust managed by 云南国际信托有限公司, specifically for the sixth phase of employee stock ownership [1] - The funding for the stock purchase comes from the legal salaries and other lawful means of the participating employees [1] - The lock-up period for the stock buyback plan is set for 12 months, starting from the date of the last stock purchase transfer to the plan's name, which will be from February 11, 2026, to February 10, 2027 [1]

北京当升材料科技股份有限公司 关于 2025 年管理层与核心骨干股权增持计划完成购买的公告 截至本公告披露日，公司股权增持计划已通过"云南国际信托有限公司－云 南信托－与奋斗者同行当升科技员工持股第六期管理服务信托"从二级市场以 市价累计买入了公司股票合计 552,300 股，占公司总股本的 0.1%，成交均价为 56.50 元/股，成交总金额为 31,204,618.62 元。 本次股权增持计划实际认购份额未超过股东会审议通过的拟认购份额上限， 资金来源为参加对象的合法薪酬及其他合法方式自筹资金。公司股权增持计划的 锁定期为 12 个月，自公司公告最后一笔标的股票买入过户至股权增持计划名下 之日起算，即 2026 年 2 月 11 日-2027 年 2 月 10 日。 证券代码：300073 证券简称：当升科技 公告编号：2026-005 北京当升材料科技股份有限公司 关于 2025 年管理层与核心骨干股权增持计划 完成购买的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 北京当升材料科技股份有限公司（以下称"当升科技"或"公司"）2025 年第三次临 ...

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].

Group 1 - The European Central Bank (ECB) President Lagarde will discuss the EU economic situation and ECB activities on February 9, with Eurozone January CPI falling to 1.7% and core CPI to 2.2%, both below the ECB's 2% medium-term target [1] - The demand for electronic storage and CPU orders is surging, with capital expenditure and orders in the computing sector maintaining high growth, indicating a sustained improvement in industry conditions [1][15] Group 2 - The Shanghai Composite Index closed at 4123.09 points, up 1.41%, while the Shenzhen Component Index rose 2.17% to 14208.44 points, and the ChiNext Index increased by 2.98% to 3332.77 points, with total trading volume reaching 2.25 trillion [2] - The retail sector is experiencing a full recovery in travel demand during the Spring Festival, with flight bookings up 10% and hotel bookings increasing by over 15% [3] Group 3 - The beverage sales during the Spring Festival are strong, with notable growth in various brands, indicating a robust demand across food and beverage categories [5] - The high-end liquor market is stable, with significant growth in premium brands, while the real estate liquor segment is expected to see a turning point mid-year [6] Group 4 - The coal supply is tightening due to reduced export quotas from Indonesia, leading to a rapid increase in coal prices, which have rebounded from a low of $38 to $49.27 [6] - The high-end consumer market is gradually recovering, with a target of double-digit growth set for 2026, particularly in luxury and soft luxury segments [7] Group 5 - The new RWA regulations in Hong Kong clarify the non-monetary nature of virtual assets and define the path for RWA, with expectations for the secondary market to open in 2026 [8][9] - The home appliance market shows significant differentiation in sales performance, with black electronics and washing machines growing, while air conditioning and refrigerators decline [10][11] Group 6 - The demand for new energy sectors is increasing, with lithium carbonate prices at 130,000, and significant growth expected in sodium battery applications and wind power orders [13] - The computing-related industry is making significant progress, with Nvidia's quartz glass substrate samples being delivered and expected improvements in production efficiency [14] Group 7 - The overseas AI capital expenditure is surging, with major companies like AWS and Google significantly increasing their capital spending, driving demand across the AI supply chain [16][17] - The optical module market is experiencing rapid growth, with demand expected to double by 2026, particularly in data centers [20]

Core Viewpoint - The article discusses the strategic collaboration between Dangsheng Technology and Huineng Technology to advance the mass production of solid-state batteries, highlighting the potential for investment and procurement of battery materials [1]. Group 1: Strategic Collaboration - Dangsheng Technology signed a strategic cooperation framework agreement with Huineng Technology to enhance collaboration in the solid-state battery and new energy sectors [1]. - The agreement includes discussions on equity investment in Huineng Technology and the validation of Dangsheng's battery materials for use in Huineng's solid-state batteries, with a commitment for priority procurement if the materials meet production timelines [1]. Group 2: Technological Advancements - Dangsheng Technology's ultra-high nickel multi-element materials for solid-state batteries are nearing the performance levels of liquid batteries, achieving energy density requirements exceeding 400Wh/kg [2]. - The company has developed a new type of sulfide electrolyte that maintains high ionic conductivity while significantly reducing interfacial pressure, addressing solid-solid interface contact challenges [2]. Group 3: Financial Performance - Dangsheng Technology expects a net profit attributable to shareholders of 600 million to 650 million yuan for 2025, representing a year-on-year growth of 27.16% to 37.76% [3]. - The increase in performance is attributed to the company's ability to capitalize on opportunities in the power, energy storage, and consumer markets, with significant growth in product sales [3]. Group 4: Production Capacity and Market Demand - The company has a planned production capacity of 300,000 tons for lithium iron phosphate (LiFePO4) materials, with the first phase already operational at 120,000 tons per year [4]. - Due to strong demand in the energy storage market, Dangsheng Technology is facing capacity constraints and is actively planning expansions in the southwestern region of China [4].

Group 1 - Jinwei Co., Ltd. plans to acquire 100% equity of Fusheng Mining for 210 million yuan, which will become a wholly-owned subsidiary and included in the consolidated financial statements [2] - Mengguli intends to invest 929 million yuan to build a project with an annual production capacity of 30,000 tons of lithium-ion battery cathode materials, expected to produce 5,000 tons of high-voltage cobalt acid lithium, 10,000 tons of NCA materials, and 15,000 tons of ultra-high nickel ternary materials [2] - Xiamen Tungsten plans to acquire 39% equity of Jiujiang Dadi Mining, which will help increase mineral resource reserves and improve raw material self-sufficiency [3] Group 2 - Andavil's subsidiary received EASA certification for its aviation kitchen plug-in products, marking compliance with European aviation safety standards [2] - CIMC Vehicles disclosed that the US ITC made a preliminary ruling on anti-subsidy and anti-dumping investigations regarding Van-Type Trailers, indicating potential damage to the US domestic industry [4] - Source Technology plans to invest approximately 1.251 billion yuan to build a second phase project for the R&D and production of optoelectronic communication semiconductor chips and devices [9] Group 3 - Zhongmin Energy intends to acquire 51% equity of Mintou Pumped Storage for 864 million yuan, with the transaction price based on asset evaluation [10] - Ningbo Yunsheng plans to publicly issue H-shares and apply for listing on the Hong Kong Stock Exchange [11] - Wenkai Co., Ltd. won a bid for a landscape project worth 50.8162 million yuan [12] Group 4 - China Merchants Shekou achieved a signed sales amount of 7.674 billion yuan in January 2026 [16] - AVIC Optoelectronics reported a net profit of 2.124 billion yuan for 2025, a year-on-year decrease of 36.69% [17] - Tiankang Bio reported a sales revenue of 392 million yuan from pig sales in January 2026, with a month-on-month increase of 6.23% [18] Group 5 - Poly Developments reported a signed amount of 15.617 billion yuan in January 2026, a year-on-year decrease of 13.31% [19] - Chengtou Holdings reported a net profit of 290 million yuan for 2025, a year-on-year increase of 19.67% [20] - Qianjin Pharmaceutical reported a net profit of 288 million yuan for 2025, a year-on-year increase of 24.74% [21]

Core Viewpoint - The announcement highlights a strategic partnership between the company and Huineng Technology Co., Ltd. aimed at enhancing collaboration in the solid-state battery and new energy sectors [1] Group 1: Strategic Collaboration - The company and Huineng Technology signed a Strategic Cooperation Framework Agreement on February 6, 2026, to strengthen cooperation in the solid-state battery and new energy industries [1] - The partnership will focus on leveraging each other's technological advantages and establishing a comprehensive strategic partnership in areas such as equity investment, battery materials collaboration, and product mass production and supply [1] - Both parties agree to conduct business exchanges under the principles of mutual benefit and win-win cooperation, aiming to deepen their development in solid-state batteries and the new energy sector [1]

Core Viewpoint - The announcement highlights a strategic partnership between 当升科技 and 辉能科技 aimed at enhancing collaboration in the solid-state battery and new energy sectors, focusing on mutual benefits and long-term cooperation [1] Group 1: Strategic Cooperation - The two companies signed a Strategic Cooperation Framework Agreement on February 6, 2026 [1] - They plan to strengthen cooperation in the solid-state battery and new energy industries, leveraging each other's technological advantages [1] - The partnership will encompass equity investment, battery material collaboration, and product mass production and supply [1] Group 2: Long-term Relationship - Both companies agree to explore and evaluate the possibility of establishing a long-term strategic cooperation relationship [1] - The collaboration is based on principles of mutual benefit and win-win cooperation [1] - The aim is to deepen development in solid-state batteries and the new energy sector, enhancing their proprietary technological advantages and market competitiveness [1]

2月9日，当升科技公告称，公司与辉能科技于2月6日签署《策略合作框架协议书》，双方拟在固态电池 与新能源产业领域加强合作，充分发挥各自技术优势，在股权投资、电池材料合作、产品量产与供应等 方面建立全方位的战略合作伙伴关系。 当升科技在公告指出，本次与辉能科技签订策略合作框架协议，双方将共同发挥技术与资源优势，有利 于加速公司固态电池材料产品的导入及性能优化，推动公司深度融入全球固态电池先进供应链，与下游 客户形成紧密协同、互利共赢的产业生态，共同推进全固态电池产业量产进程。 （企业公告） 公告显示，当升科技作为新能源正极材料供应商，在固态电池材料领域拥有丰富的技术积累和完整的产 品布局，全方位涵盖硫化物、氧化物、卤化物等不同技术路线，已成功开发出具有良好界面浸润性的氯 碘复合硫化物固态电解质等新型固态电解质，以及全固态电池用超高镍多元材料和超高容量富锂锰基材 料。 根据公开资料，辉能科技成立于2006年，专注于固态锂陶瓷电池的研发、生产和销售。 ...

Group 1 - XianDao Intelligent has set the final price for its H-share public offering at HKD 45.8 per share, with expected listing on February 11, 2026 [1] - Jida Communication is a candidate for a project with China Mobile, with an estimated service fee of approximately CNY 51.04 million [2] - Bowei Alloy's controlling shareholder plans to increase holdings by CNY 100 million to 150 million from February 10 to August 9, 2026 [3] Group 2 - Xiamen Airport reported 16,368 aircraft takeoffs and landings in January 2026, a year-on-year decrease of 4.82%, with passenger throughput of 2.38 million, down 3.84% [4] - Yitong Century has won a bid for a project worth CNY 107 million, providing comprehensive maintenance services for China Tower [5] - Huayi Brothers' controlling shareholder's 70 million shares are subject to judicial auction, representing 42.89% of his holdings and 2.52% of the company's total shares [6] Group 3 - Lianhuan Pharmaceutical received approval for the sale of Tadalafil tablets (20mg) in Ghana [7] - Aonong Biological reported a pig sales volume of 166,600 in January 2026, a year-on-year increase of 35.36% [8] - Xiantan Co. achieved chicken product sales revenue of CNY 546 million in January 2026, a year-on-year increase of 54.9% [9] Group 4 - Zhengbang Technology reported a January sales revenue of CNY 816 million from pig sales, a year-on-year increase of 19.69% [10] - Qianjin Pharmaceutical's net profit for 2025 grew by 24.74% to CNY 288 million [11] - Xinhua Pharmaceutical received a drug registration certificate for glucosamine sulfate capsules [12] Group 5 - Yuandong Bio completed the first dosing of its EP-0210 monoclonal antibody in a Phase I clinical trial for inflammatory bowel disease [13] - Jiaokong Technology signed a contract for the Sydney Metro West Line signal system subcontracting project worth AUD 93.53 million [14] - Dangsheng Technology signed a strategic cooperation framework agreement with Huineng Technology in solid-state batteries and the new energy industry [15] Group 6 - Jinhui Co. plans to acquire 100% of Fusheng Mining for CNY 210 million [16] - Cangzhou Mingzhu announced Guangzhou Light Industry as its new controlling shareholder after a share transfer [17] - Dingxin Technology's vice president was fined CNY 120,000 for short-term trading [18][19] Group 7 - China Modern Pharmaceutical's subsidiary passed a GMP compliance inspection for its production line [20] - Chaosheng Electronics plans to increase capital by CNY 400 million in its subsidiary to enhance competitiveness [21] - Lonyu Mountain reported a 25.03% year-on-year increase in pig sales revenue in January 2026 [22] Group 8 - Sanbo Brain Science's chairman has been released from investigation, and the company is operating normally [23] - Hainan Mining is planning to acquire control of Luoyang Fengrui Fluorine Industry and will resume trading on February 10, 2026 [24] - Dongwei Technology's net profit for 2025 increased by 86.81% [25] Group 9 - Yuanjie Technology plans to invest CNY 1.251 billion in a semiconductor chip and device R&D production base [26] - Metro Design signed a contract for an energy management project with Guangzhou Metro Group worth CNY 924 million [27] - Zhongmin Energy intends to acquire 51% of Fujian Yongtai Mintou Pumped Storage Co. for CNY 864 million [28] Group 10 - Dianzhi Technology plans to repurchase shares worth CNY 100 million to 200 million [29] - China Baoan was not selected as a restructuring investor for the Singshan Group [30] - Zhiguang Electric's subsidiary signed a CNY 1.004 billion contract for energy storage systems [31] Group 11 - Zhifei Biological received approval for a clinical trial of its herpes zoster vaccine [32] - KQ Bio received a new veterinary drug registration certificate for a vaccine against porcine circovirus type 2 [33] - Huanxu Electronics reported a 4% year-on-year increase in consolidated revenue for January 2026 [34] Group 12 - Xiangjia Co. reported a 10.42% year-on-year increase in live poultry sales revenue in January 2026 [35] - Kemin Foods' subsidiary reported a 68.29% year-on-year increase in pig sales revenue in January 2026 [36] - Liyuan Technology signed a procurement contract worth CNY 54.98 million [37] Group 13 - Jiuqiang Bio received a medical device registration certificate for a fibrin degradation product detection kit [38] - Zhongguancun's subsidiary passed the consistency evaluation for Tramadol Hydrochloride tablets [39] - Rundou Co. received a drug registration certificate for Candesartan Etil [40]