Analysis of Xianhui Technology (688155)'s Strong Performance: Driven by Favorable All-Solid-State Battery Policies

Xianhui Technology (688155.SH) performed strongly on January 15, 2026, entering the Strong Stock Pool with an increase of over 10%. This rally is mainly driven by the favorable policy released at the Interministerial Joint Conference on the Development of Energy-Saving and New Energy Vehicle Industry held on January 13, 2026, where the conference clearly emphasized “accelerating the breakthrough of all-solid-state battery and other technologies”. As a solid-state battery equipment supplier, Xianhui Technology has in-depth cooperation with Qingtao Energy and holds a first-mover advantage in the field of core dry electrode equipment. The company’s current market capitalization is approximately RMB 7.643 billion, and it belongs to the intelligent equipment manufacturing sector on the STAR Market. In the short term, the event-driven feature is obvious, and its sustainability requires attention to the subsequent policy implementation and the company’s order verification.

On January 13, 2026, the 2026 annual work conference of the Interministerial Joint Conference on the Development of Energy-Saving and New Energy Vehicle Industry was held in Beijing, presided over by Li Lecheng, Minister of the Ministry of Industry and Information Technology [1]. The conference clearly proposed to “accelerate the breakthrough of all-solid-state battery and other technologies, implement a new round of high-quality development actions for key industrial chains, and strengthen the research and development layout of landmark products, basic materials, tool software, etc.” This top-level policy signal directly ignited investment enthusiasm in the solid-state battery sector, and Xianhui Technology, as a solid-state battery equipment supplier, was among the first to benefit.

All-solid-state batteries are widely regarded as the core direction of next-generation battery technology, and have advantages such as higher safety, greater energy density, and longer cycle life compared to traditional liquid lithium batteries. Strong policy support provides clear development guidelines and confidence support for industrial chain enterprises.

Stimulated by favorable policies, solid-state battery concept stocks rose across the board against the market in the early trading session. Xianhui Technology, Liwang Co., Ltd., and Keheng Co., Ltd. all rose by more than 10%, while concept stocks such as Zhongwei New Materials, Huayou Cobalt, Honggong Technology, and Xiamen Tungsten New Energy also rose in sync [1]. The sector as a whole showed a strong upward trend with obvious capital inflows, indicating high market recognition of the solid-state battery track.

Xianhui Technology (Shanghai Xianhui Automation Technology Co., Ltd.) is an important enterprise in China’s intelligent equipment manufacturing field, with its main business covering new energy vehicle intelligent equipment, lithium battery equipment, solid-state battery production equipment, and automated system integration [2][3]. The company’s layout in the solid-state battery equipment field has a significant first-mover advantage:

, Xianhui Technology has established in-depth cooperation with Qingtao Energy, and the jointly developed core dry electrode equipment has been successfully delivered and is currently in the fine debugging stage [2]. Dry electrode technology is one of the key processes in solid-state battery production. Compared with the traditional wet process, it has advantages such as environmental protection, energy saving, and cost reduction, and is an important technical route for large-scale mass production of solid-state batteries in the future.

, Xianhui Technology’s packaging line equipment has been adapted to the special structure of solid-state batteries, enabling automated integration to meet the strict requirements of solid-state batteries for packaging processes [2].

In-depth cooperation with leading solid-state battery enterprises such as Qingtao Energy has enabled Xianhui Technology to occupy a scarce market position in the solid-state battery equipment field, with strong technical accumulation and customer resource barriers.

According to industry research data, Xianhui Technology’s revenue and net profit showed a stable growth trend from 2020 to 2025 [3]. As a lithium battery equipment/solid-state battery equipment supplier, the company benefits from the continuous development of the new energy vehicle industry and the accelerated breakthrough of solid-state battery technology.

, Xianhui Technology occupies an important position in China’s intelligent equipment manufacturing field, with customers covering leading new energy vehicle enterprises and lithium/solid-state battery manufacturers. The company has established a relatively complete system in technical research and development, product delivery, and customer service.

, as of December 31, 2025, the company’s total market capitalization is approximately RMB 7.643 billion [0], which belongs to the category of small and medium-cap growth stocks. STAR Market enterprises are characterized by high R&D investment and strong growth, but also accompanied by high volatility and uncertainty.

, the in-depth cooperation with leading solid-state battery enterprises such as Qingtao Energy is one of the company’s core competitive advantages, and its delivery capability of core dry electrode equipment for solid-state batteries is a scarce resource in the industry [2].

Currently, the market’s attention to the solid-state battery concept is at a high level, with the main driving factors including:

Driving Factor	Specific Performance
Policy Driver	All-solid-state batteries are included in the national key research and development technologies, with unprecedented policy support
Industry Prospect	Solid-state batteries are regarded as the next-generation battery technology with huge market potential
Capital Attention	Entered the Strong Stock Pool today, with obvious increase in turnover rate and trading volume
Institutional Research	Solid-state battery concept stocks are frequently researched by institutions, and attention continues to increase [1]

However, market sentiment is highly volatile, and concept stocks are prone to sharp fluctuations due to capital sentiment, so investors need to pay close attention to the sustainability of capital inflows.

The strong performance of Xianhui Technology reflects the linkage effect of the new energy vehicle industry chain. The policy emphasis on all-solid-state batteries not only benefits battery manufacturing enterprises, but also directly transmits to upstream equipment suppliers. Equipment enterprises often benefit earlier than battery enterprises from the confirmation of technical routes and policy promotion, because equipment investment is a prerequisite for industrialization.

From the perspective of the industrial chain, breakthroughs in all-solid-state battery technology require advanced equipment. As a supplier of dry electrode and packaging equipment, Xianhui Technology’s technical accumulation and order status can serve as an important window to observe the industrialization process of solid-state batteries.

This favorable policy is of milestone significance. The interministerial joint conference specifically emphasized “accelerating the breakthrough of all-solid-state battery and other technologies”, indicating that all-solid-state batteries have risen to the key research and development direction at the national strategic level. This not only provides policy guarantees for industrial development, but also is expected to drive accelerated industrial investment.

For Xianhui Technology, this means:

1. Enhanced Order Expectations
   : Accelerated industrialization will drive the growth of equipment demand
2. Confirmation of Technical Route
   : Clear policies are conducive to the focus of technical research and development directions
3. Capital Market Attention
   : Policy support enhances the company’s valuation imagination space

Xianhui Technology’s entry into the Strong Stock Pool is a microcosm of the overall strength of the solid-state battery sector. From a more macro perspective, this reflects the evolution of the capital market’s investment logic for the new energy track – shifting from focusing on short-term performance realization to focusing on long-term technological breakthroughs and theme investment opportunities driven by policies.

However, investors should also note that the timeline for large-scale commercialization of solid-state batteries is still uncertain, and performance contributions require time to verify. The current rally mostly reflects the advance pricing of long-term expectations, carrying the risk of valuation overdraft.

Risk Type	Specific Description	Risk Level
Commercialization Progress Risk	The timeline for large-scale commercialization of all-solid-state batteries remains uncertain and may fail to meet expectations	Medium-High
Valuation Risk	STAR Market stocks exhibit high volatility, and concept speculation may lead to future performance overdraw	Medium
Intensified Competition Risk	Fierce competition from peers including Xiandao Intelligence, Liyuanheng, and Yinghe Technology	Medium
Technical Route Risk	The technical route of solid-state batteries has not yet fully converged, and there is a risk of technological substitution	Medium-Low
Market Sentiment Risk	Concept stocks are prone to sharp fluctuations due to market sentiment, so investors need to be wary of rapid pullbacks	Medium

: Favorable policies have just been released, and market sentiment is in the fermentation stage. The popularity of the solid-state battery sector is expected to continue. For short-term investors, they can pay attention on dips but need to enter and exit quickly.

: The technological progress of solid-state batteries in 2026 is worth attention, and the company’s order status and winning bid information may become stock price catalysts. Increased institutional research frequency and research report coverage may also bring incremental capital.

: If all-solid-state battery technology achieves breakthroughs and large-scale mass production, equipment suppliers will be the first to benefit. Xianhui Technology’s technical accumulation in core equipment such as dry electrodes is expected to be transformed into performance growth.

Time Horizon	Focus	Priority
Short-Term (1-2 Weeks)	Sustainability of policy sentiment, capital flow in the sector	High
Medium-Term (1-3 Months)	Company order status, performance forecast	Medium-High
Long-Term (6+ Months)	Technological breakthroughs in solid-state batteries, industrialization process	Medium

: The analysis reveals several noteworthy risk factors. Technically, the timeline for large-scale commercialization of all-solid-state batteries is still uncertain, and the current stock price rally partially reflects the advance pricing of long-term expectations, carrying the risk of valuation overdraft. In terms of the market, STAR Market stocks have high volatility, and concept speculation is prone to rapid pullbacks due to sentiment changes. In terms of competition, the equipment sector faces fierce peer competition, so it is necessary to pay attention to changes in the company’s market share and whether its technological leading edge can be maintained.

Based on this analysis, the key information is summarized as follows:

: Xianhui Technology entered the Strong Stock Pool on January 15, 2026, with an increase of over 10%, mainly driven by favorable policies for all-solid-state batteries. The interministerial joint conference held on January 13, 2026 clearly emphasized “accelerating the breakthrough of all-solid-state battery and other technologies”, which directly ignited the popularity of the solid-state battery sector [1].

: Xianhui Technology is a STAR Market listed company with its main business in intelligent equipment manufacturing, covering lithium battery equipment and solid-state battery equipment. The company has in-depth cooperation with Qingtao Energy and holds a first-mover advantage in the field of core dry electrode equipment [2]. As of December 31, 2025, its total market capitalization is approximately RMB 7.643 billion [0].

: It rose strongly by over 10% today and entered the Strong Stock Pool, with trading volume expected to increase significantly compared to the recent average. The short-term trend has strong linkage with the solid-state battery sector as a whole, so attention needs to be paid to the impact of sector rotation.

: The short-term rise is event-driven, and its sustainability depends on subsequent policy implementation, the company’s order verification, and the progress of solid-state battery technological breakthroughs. In the medium and long term, it is necessary to pay attention to whether performance can meet the current valuation.

: Focus on the 5-day/10-day moving average area for support levels, and the previous high range of approximately RMB 75-80 for resistance levels. Be cautious if it breaks below the 5-day moving average, and do not overweight positions due to high volatility in concept speculation.

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[0] Sina Finance - Xianhui Technology Individual Stock Page

[1] Eastmoney - Solid-State Batteries Perform Actively, These Concept Stocks Are Frequently Researched by Institutions

[2] Comprehensive Review of Solid-State Batteries: 3 Major Directions, 12 Segmented Sectors

[3] Weber Industry Consulting - Solid-State Battery Equipment Report