❗️[Tianfeng New Energy & Auto] Key Points from Last Night and This Morning-0730

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### ❗️[Tianfeng New Energy & Auto] Key Points from Last Night and This Morning-0730 Time: 2026-07-30 10:22:24 Content: ❗️[Tianfeng New Energy & Auto] Key Points from Last Night and This Morning-0730 ———————————— 1. Copper foil - [Hailiang Co., Ltd.] Plans to acquire 18.69% of its copper foil subsidiary Gansu Hailiang for 970 million yuan, increasing its stake in Gansu Hailiang to 67.3%. Gansu Hailiang (copper foil business): net profit of 2.56e for Jan-May 2026, shipments of 3.5-3.6wt, corresponding to per-ton profit of over 7k; June per-ton profit even more impressive at 8k+. Going forward, 1) watch the ramp-up pace of HVLP; 2) the increased equity stake raises confidence in next year's 40e+ profit, currently corresponding to 10X PE. Key recommendation. 2. SOFC expert meeting - Core: technological paths are diverse, but the key is SOFC's transition from non-mainstream to mainstream. BE is mainly supported by diaphragm, first-generation technology, with advantages of stability, current cost of $1,800/KW, limit of $600-700; ...