[SMM New Energy] State-owned ESS firm debuts on STAR Market, surges ~600% on day one; market cap tops RMB100B

On February 10, Contemporary Amperex Technology Co., Limited (CATL) issued an announcement stating its intention to publicly issue the first tranche of science and technology innovation corporate bonds for 2026 to professional investors, with an issuance scale not exceeding 5 billion yuan (inclusive). After deducting issuance expenses, the funds raised from these bonds will primarily be used for science and technology innovation initiatives aligned with national strategies, including the construction and operation of projects related to power batteries and energy storage batteries.

On February 10, news emerged that Defang Nano disclosed its lithium replenishment enhancer can improve the cycle performance, calendar life, and energy density of various lithium-ion batteries. It also effectively enhances fast-charging performance, boosts cell energy efficiency, improves low-temperature performance, enhances charge-discharge efficiency, and reduces battery self-discharge, giving it first-mover and performance-leading advantages. The company's lithium replenishment enhancer has secured an increasing number of exclusive designated projects and has achieved batch applications in power batteries, energy storage batteries, 3C devices, and semi-solid-state batteries.

Guangdong Jiayuan Technology Co., Ltd. recently elaborated on its core progress and future plans in the lithium battery copper foil business at an investor conference. According to the company's 2025 performance forecast, it expects operating revenue to reach 95 billion to 97.5 billion yuan, representing a year-on-year increase of 45.65% to 49.49%, and to achieve a turnaround from loss to profit. The performance increase is mainly attributed to the continued recovery in demand from the new energy vehicle and energy storage markets, which has driven a significant increase in sales of lithium battery copper foil.