[Review of Anode Material Shipments in H1 2025] In the first half of 2025, Shanshan Technology stood out in the artificial graphite sector, with shipments firmly ranking among the top in the industry, accounting for 21% of the total anode industry shipments. BTR closely followed, maintaining a strong momentum in artificial graphite shipments. Facing industry dynamics, enterprises such as Hunan Zhongke Shinzoom Co., Ltd., Shangtai Technology, and Kaijin New Energy accurately grasped market trends and achieved a significant increase in market share compared to the same period last year by reasonably adjusting production plans and shipment rhythms. It is worth noting that although Jiangxi Zichen experienced a slight decline in production and sales rankings, its overall anode business has shown a positive trend, with steady improvement in operational quality achieved through optimized adjustments to its customer base.