12月22日，四川长虹电子控股集团有限公司旗下四川长虹新能源科技股份有限公司（泰国）公司在泰国东部经济走廊（EEC）春武里府工业 园正式投产，四川长虹新能源科技股份有限公司的全球化布局迈出关键一步，其板块地图进一步扩充至东南亚地区。 此次投产的工厂专注于高性能碱性电池研发与生产，项目总投资2.46亿元。首期规划总建筑面积3.8万平方米，5条高端碱性电池智能生产 线，涵盖AA、AAA、C、D、9V等全系列碱性电池产品。 随着长虹能源泰国工厂的投产，长虹能源正式形成"中泰智造+全球销售"的国际化运营格局。 未来，长虹能源将以此次投产为新起点，持续深化全球布局，加大在新型材料、高能比电池、智能电源管理及电池回收技术等领域的研发投 入，推动传统一次电池向"高性能、长寿命、可追溯、可回收"方向升级。 往 期 回 顾 | 01 | ｜ | 爆单满产！业绩暴涨！鹏辉能源排产已至2026上半年 | | | --- | --- | --- | --- | | ｜ | 02 | 创年内新高！锂价突破12万元! | | | 03 | ｜ | 上市公司募资18.8亿元押注锂电项目！ | | | ｜ | 2026起点锂电两轮车换电大会 ...

本报讯 （记者舒娅疆）12月22日，四川长虹电子控股集团有限公司（以下简称"长虹控股集团"）旗下 四川长虹新能源科技股份有限公司（泰国）公司在泰国东部经济走廊（EEC）春武里府工业园正式投 产，四川长虹新能源科技股份有限公司（以下简称"长虹能源"）的全球化布局迈出关键一步，其板块地 图进一步扩充至东南亚地区，同时，这也是长虹控股集团践行"一带一路"倡议，中国高端制造"走出 去"的又一重要成就。 随着长虹能源泰国工厂的投产，长虹能源正式形成"中泰智造+全球销售"的国际化运营格局。 未来，长虹能源将以此次投产为新起点，持续深化全球布局，加大在新型材料、高能比电池、智能电源 管理及电池回收技术等领域的研发投入，推动传统一次电池向"高性能、长寿命、可追溯、可回收"方向 升级。同时，作为中国制造业的代表，长虹控股集团将始终以技术创新为核心驱动力，不断拓展国际版 图，讲好中国品牌故事，为世界贡献更多"中国智造"的智慧与力量。 （编辑 郭之宸） 此次投产的工厂专注于高性能碱性电池研发与生产，项目总投资2.46亿元。首期规划总建筑面积3.8万平 方米，5条高端碱性电池智能生产线，涵盖AA、AAA、C、D、9V等全系列碱性电池 ...

证券日报网讯 12月23日，长虹能源发布公告称，公司第四届董事会第四次会议审议通过《关于新增 2025年日常性关联交易的议案》。 （文章来源：证券日报） ...

国别研究 [table_Header]2025.12.18 | [Table_Authors] | | | --- | --- | | | 李俊(分析师) | | | 021-23154149 | | | lijun8@gtht.com | | 登记编号 | S0880525040063 | | | 王祎婕(分析师) | | | 021-23185687 | | | wangyijie@gtht.com | | 登记编号 | S0880525040089 | | | 汪立亭(分析师) | | | 021-23219399 | | | wangliting@gtht.com | | 登记编号 | S0880525040004 | [Table_Report] 往期回顾 印尼内外需稳健——东南亚国别观察 2025 第 7 期 2025.11.30 企业出海合规要点与案例指南——印尼篇 2025.11.21 越南经济高增——东南亚国别观察 2025 第 6 期 2025.10.30 阿联酋投资洞察：石油王国到转型典范——中东 国别研究专题系列报告二 2025.09.17 出口保持高增长——东南亚国别观察 2025 ...

12月2日-12月5日，聚焦"2025第三届具身智能人形机器人场景应用生态年会"与"第八届移动机器人行业发展年会"两大前沿领域的年度盛会于合肥召开， 长虹能源作为移动机器人及人形机器人领域理事单位受邀参会，并荣获"偃师·核心部件匠心奖"。 "偃师·核心部件匠心奖"面向具身人形机器人核心零部件企业。旨在表彰人形机器人产业链最深处的"隐形英雄"——为关节提供力量、为感知提供精度、 为算力提供底座、为整机的稳定性、可靠性与可量产性提供关键支撑。 长虹能源相关负责人在相关论坛发言时指出，机器人的智能化与普及化正推动其"心脏"——动力系统进入全新发展阶段。电池已不仅是能量存储单元，更 是影响机器人性能、可靠性、运营效率及安全的核心部件。公司基于在高安全、高可靠、长寿命新能源电池领域的深厚技术积累，正致力于开发更贴合机 器人多样化、动态化作业需求的智能能源解决方案，助力产业突破动力瓶颈。 此次合肥之行，长虹能源充分展示了其作为理事单位的担当与引领作用。通过主旨发言、深度交流与荣誉加持，公司不仅强化了"长虹能源"在专业领域的 品牌形象，更精准把握了行业脉搏与客户需求。未来，长虹能源将以更智能、更高效、更定制化的能源动力解决 ...

12月2日-12月5日，聚焦"2025第三届具身智能人形机器人场景应用生态年会"与"第八届移动机器人行业 发展年会"两大前沿领域的年度盛会于合肥召开，长虹能源作为移动机器人及人形机器人领域理事单位 受邀参会，并荣获"偃师·核心部件匠心奖"。 "偃师·核心部件匠心奖"面向具身人形机器人核心零部件企业。旨在表彰人形机器人产业链最深处的"隐 形英雄"——为关节提供力量、为感知提供精度、为算力提供底座、为整机的稳定性、可靠性与可量产 性提供关键支撑。 长虹能源相关负责人在相关论坛发言时指出，机器人的智能化与普及化正推动其"心脏"——动力系统进 入全新发展阶段。电池已不仅是能量存储单元，更是影响机器人性能、可靠性、运营效率及安全的核心 部件。公司基于在高安全、高可靠、长寿命新能源电池领域的深厚技术积累，正致力于开发更贴合机器 人多样化、动态化作业需求的智能能源解决方案，助力产业突破动力瓶颈。 长虹能源团队在会议期间与多家产业链重点企业相关人员进行了深入交流。客户普遍对"长虹"品牌持有 高度信任，并对"长虹能源"针对性布局机器人赛道表现出浓厚兴趣与合作期待。 此次合肥之行，长虹能源充分展示了其作为理事单位的担当与引领作用 ...

Core Insights - The A-share market has seen a decline in the power equipment sector, with significant drops in stock prices for several companies [1] Summary by Category Stock Performance - Tonghe Technology (300491) experienced a decline of 14.43%, with a total market capitalization of 5.167 billion [2] - Hongyuan Green Energy (603185) fell by 6.70%, with a market cap of 20.3 billion [2] - Sunshine Power (300274) decreased by 5.47%, with a market value of 26.068 billion [2] - Haibo Sichuang (688411) saw a drop of 4.81%, with a market capitalization of 48.8 billion [2] - Shuangyi Technology (300690) declined by 4.70%, with a market cap of 5.225 billion [2] - Yiyuan Lithium Energy (300014) fell by 4.69%, with a market value of 162.7 billion [2] - Changhong Energy (920239) decreased by 4.48%, with a market capitalization of 6.635 billion [2] - Daqian Energy (688303) saw a decline of 4.35%, with a market cap of 63.3 billion [2] - Zhongheng Electric (002364) dropped by 4.33%, with a market value of 1.39 billion [2] - Liwang Co. (920627) fell by 4.11%, with a market cap of 2.513 billion [2] - Boliview (688345) decreased by 4.05%, with a market capitalization of 3.596 billion [2] - Koweil (688551) saw a drop of 4.04%, with a market value of 3.394 billion [2] - Haitai New Energy (920985) declined by 3.83%, with a market cap of 2.801 billion [2] - Guosheng Technology (603778) fell by 3.61%, with a market value of 3.152 billion [2] - Jiejia Weichuang (300724) decreased by 3.81%, with a market capitalization of 31.7 billion [2] Year-to-Date Performance - Despite the recent declines, some companies have shown significant year-to-date gains, such as: - Tonghe Technology with an 85.85% increase [2] - Hongyuan Green Energy with an 84.31% increase [2] - Sunshine Power with a 161.42% increase [2] - Haibo Sichuang with a remarkable 1319.42% increase [2] - Zhongheng Electric with a 130.72% increase [2]

Core Viewpoint - The solid-state battery concept stocks experienced a significant surge on October 30, with multiple companies reaching their daily price limits and others showing substantial gains [1]. Group 1: Stock Performance - Penghui Energy (300438) saw a price increase of 20.00%, reaching 48.59, with a net buying volume of 1.73 million [2]. - Haike New Energy (301292) rose by 14.00%, with a current price of 31.59 and a net buying volume of 3.94 million [2]. - XWANDA (300207) increased by 9.90%, priced at 36.52, with a net buying volume of 0.17 million [2]. - Tianji Co., Ltd. (002759) experienced a 10.00% rise, reaching 28.04, with a net buying volume of 2.87 million [2]. - Shida Shenghua (603026) also increased by 10.00%, with a current price of 63.59 and a net buying volume of 0.74 million [2]. - Other notable performers include Keheng Co., Ltd. (300340) up by 8.67%, Huasheng Lithium Battery (688353) up by 7.97%, and Changhong Energy (920239) up by 7.72% [2].

Core Viewpoint - Changhong Energy reported a revenue increase of 21.73% and a net profit increase of 23.69% for the first three quarters of 2025, maintaining a "buy" rating [1] Financial Performance - Total operating revenue for the first three quarters of 2025 reached 3.249 billion yuan, a year-on-year increase of 21.73% [1] - Net profit attributable to shareholders for the same period was 177 million yuan, reflecting a year-on-year growth of 23.69% [1] - In Q3 2025, the single-quarter net profit attributable to shareholders was 65.47 million yuan, showing a year-on-year increase of 15.90% [1] - Profit forecasts for 2025-2027 are 239 million, 334 million, and 381 million yuan respectively, with corresponding EPS of 1.31, 1.83, and 2.09 yuan, and current PE ratios of 26.7, 19.1, and 16.8 [1] Capacity Expansion - Changhong Energy is focusing on two major capacity expansion projects: the Thai subsidiary and the Sanjie Phase IV project [2] - The Thai subsidiary's registered capital increased from 730 million to 1.13 billion Thai Baht, with an additional monetary investment of 12.5 million yuan and equipment investment of 89 million yuan [2] Market Trends - Lithium carbonate prices have stabilized at low levels, with a slight recovery starting in July 2025, peaking at 86,000 yuan per ton on August 22, 2025 [2] - Changhong Energy has achieved mass production of semi-solid batteries with a capacity of 3000mAh and silicon-carbon anode batteries, along with the completion of a 4.25V drone battery project [2] - The company was recognized as a quality enterprise in the humanoid robot supply chain at the 2024 China Humanoid Robot Technology Application Summit held in Shanghai [2]

Group 1 - The core viewpoint of the article is that Huayuan Securities has given Changhong Energy (920239.SH) an "overweight" rating based on strong growth indicators and market trends in high-rate lithium batteries and polymer lithium batteries [1] Group 2 - Changhong Energy's contract liabilities for Q1 to Q3 of 2025 are expected to increase by 122% year-on-year, indicating robust demand and growth potential [1] - The company is upgrading its production lines and advancing the research and production of high-rate lithium batteries and polymer lithium batteries, which are aligned with market trends [1] - The high-rate lithium battery market is benefiting from the convenience trends in electric tools, while polymer lithium batteries meet the miniaturization requirements of consumer electronics [1]