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

English summary

### ❗[TF New Energy & Auto] Key Points from Last Night and This Morning - 0730 Time: 2026-07-30 09:53:58 Content: ———————————— 1. Copper foil - [Hailiang Co., Ltd.] Plans to acquire 18.69% of its copper foil subsidiary Gansu Hailiang for 970 million yuan, raising its stake to 67.3% upon completion. Gansu Hailiang (copper foil business): Net profit of 256 million yuan for Jan-May 26, shipments of 35,000-36,000 tons, corresponding to a profit of over 7,000 yuan/ton. June per-ton profit was even brighter at 8,000+. Going forward: 1) watch the volume ramp of HVLP; 2) the increase in equity stake adds confidence to next year's profit of 4 billion+, currently at 10X PE, key recommendation. 2. SOFC expert meeting - core: technology paths are diverse, but the key is SOFC transitioning from non-mainstream to mainstream. BE is mainly diaphragm-supported, as the first-generation technology, with advantages of stability. Current cost is $1,800/kW, with a limit of $600-700; ...