Core Insights - Yada Co., Ltd. (雅达股份) reported a net financing purchase of 44.95 million yuan on October 13, 2025, with a total financing balance of 2389.53 million yuan, indicating a positive investor sentiment towards the stock [1][2][3] Financing Activity Summary - On October 13, 2025, the net financing purchase was 44.95 million yuan, with a financing balance of 2389.53 million yuan, representing 1.87% of the circulating market value [2] - Over the past three trading days, the cumulative net financing purchase reached 567.83 million yuan, showing a consistent buying trend [1] - The financing balance increased by 1.92% compared to the previous day, reflecting a growing interest from investors [3] Historical Financing Data - The financing balance on October 10, 2025, was 2344.58 million yuan, with a significant increase of 414.09 million yuan (21.45%) from the previous day [3] - On October 9, 2025, the financing balance was 1930.49 million yuan, with a net purchase of 108.79 million yuan, indicating a steady upward trend in financing activity [3] - The financing balance on September 30, 2025, was 1821.70 million yuan, marking the beginning of this upward trend [3]

Investment Rating - The report indicates a positive outlook for the energy storage industry, particularly focusing on lithium-ion battery technologies and their advancements [1][2]. Core Insights - The research highlights significant progress in solid-state lithium batteries, particularly in solid-solid interface contact, which is crucial for their engineering applications [6][7]. - The electrochemical energy storage sector is experiencing rapid growth, with a notable increase in installed capacity and technological diversification [10][11]. - As of June 2025, the total operational energy storage capacity reached 75.79 GW/175.12 GWh, with lithium-ion batteries dominating the market [25][36]. Summary by Sections 1. Rapid Development of Electrochemical Energy Storage Technologies - The report emphasizes the advancements in solid-state lithium batteries, which are seen as the next generation of energy storage devices due to their high safety and energy density [6][7]. - The energy storage technology landscape is diversifying, with lithium-ion batteries maintaining a dominant position, accounting for 97.34% of the total operational energy storage capacity as of June 2025 [36][19]. 2. Market Performance of North Exchange Technology Growth Stocks - The median price change for North Exchange technology growth stocks was +0.11% from October 9 to October 10, 2025, with 80 companies (52%) experiencing an increase [42][44]. - Notable performers included Changfu Co., Ltd. (+29.89%) and Lingge Technology (+29.82%) [45]. 3. Industry Valuation Metrics - The median TTM price-to-earnings ratio for the new energy industry increased by 1.70% to 38.7X, indicating a positive valuation trend [46]. - The electronic equipment sector's median TTM P/E ratio rose from 57.8X to 58.6X, reflecting a stable market environment [46]. 4. Company Announcements - Tianhong Lithium Battery and Shaanxi Hongda Electric Power Engineering Co., Ltd. plan to jointly establish a holding subsidiary with a registered capital of RMB 50 million [4]. 5. Energy Storage Industry Overview - The report identifies 24 companies within the energy storage industry chain on the North Exchange, categorized into upstream (materials & production equipment), midstream (manufacturing & integration), and downstream (systems & operations) sectors [37][39]. - The report notes that large-scale energy storage projects (over 100 MW) are becoming increasingly prevalent, with a significant portion of new installations focusing on independent energy storage systems [33][30].