[Solid-state battery: Doubts remain over GHTECH's launch of lithium sulfide products]
[Solid-state battery: Doubts over GHTECH's claim of launching lithium sulfide products to market] On October 16, 2026, GHTECH (002741.SZ) stated on the Shenzhen Stock Exchange's Easy Interaction platform, in response to an investor's question about "whether lithium sulfide has begun small-batch production and supply," that its lithium sulfide products have been launched to the market, with capacity, validation, and orders progressing steadily as planned. Revenue in the first three quarters reached 3.575 billion yuan, up 74.89% YoY; net profit attributable to the parent company was 129 million yuan, up 42.29% YoY; and net profit excluding non-recurring items was 124 million yuan, up 40.44% YoY. However, SMM has not yet identified which electrolyte enterprises are using GHTECH's lithium sulfide products.