Gelonghui reported on November 22 that Anhui Zhongyuan New Materials (603527.SH) announced that on November 22, 2024, the company's stocks hit the upper limit again. From November 19, 2024, to November 22, 2024, the cumulative increase in the trading price of the company's stocks reached 46.44%. The recent sharp increase in stock prices may pose a risk of decline after a significant short-term rise. So far, the company's main business has not changed, internal production and operation activities are normal, and there have been no significant adjustments in the market environment and industry policies.
The company has observed that the solid state battery concept has recently garnered high market attention, particularly regarding the first GWh new solid state battery production line of Anhui Anwa New Energy Technology Co., Ltd. (hereinafter referred to as "Anhui Anwa"). The company's wholly-owned subsidiary, Anhui Zhongyuan New Materials Investment Co., Ltd., invested in Anhui Anwa in February 2021 and currently holds 0.91% of its shares. So far, apart from the structural part samples provided by the company's holding subsidiary Anhui Zhongyuan New Energy Technology Co., Ltd. for testing by Anhui Anwa, the company has not engaged in other business activities with Anhui Anwa, and the operational development of Anhui Anwa has limited impact on the company's short-term performance.
