9月12日，瑞浦兰钧(00666)于香港举行投资者推介会。公司董事长曹辉、非执行董事项阳阳、执行董事 兼董事会秘书吴艳军、执行董事兼财务总监黄洁华等管理层代表出席会议。 会上，公司董事长曹辉指出，在"双碳"政策推动下，全球新能源汽车与储能市场呈现强劲增长。瑞浦兰 钧上半年锂离子电池总销量同比增长100.2%，其中储能电池出货量增长119.3%，动力电池增长78.5%。 公司在全球储能电芯出货量排名第五，户用储能出货量位列全球第一，国内重卡及换电重卡装机量排名 第二。 曹辉强调，公司以技术创新为核心竞争力，在动力电池领域与多家国内外知名车企建立稳定合作，在储 能领域通过电芯结构创新与安全测试实现市场突破。未来，公司将依托"问顶技术"持续研发下一代储能 电芯，深化产业链协同，保障原材料供应，加速全球化布局，提升品牌影响力，支撑全球高性能电池需 求。 在动力电池方面，区分乘用车与商用车，覆盖纯电与混动场景，电芯能量密度突破200Wh/kg，乘用车 循环寿命超4000周，商用车达6000-8000周。产品序列覆盖54Ah-230Ah，适配A级车至重卡等全场景;电 池系统通过先进热管理技术支持6C以上快充，高压安全性能 ...

会上，公司董事长曹辉指出，在"双碳"政策推动下，全球新能源汽车与储能市场呈现强劲增长。瑞浦兰 钧上半年锂离子电池总销量同比增长100.2%，其中储能电池出货量增长119.3%，动力电池增长78.5%。 公司在全球储能电芯出货量排名第五，户用储能出货量位列全球第一，国内重卡及换电重卡装机量排名 第二。 曹辉强调，公司以技术创新为核心竞争力，在动力电池领域与多家国内外知名车企建立稳定合作，在储 能领域通过电芯结构创新与安全测试实现市场突破。未来，公司将依托"问顶技术"持续研发下一代储能 电芯，深化产业链协同，保障原材料供应，加速全球化布局，提升品牌影响力，支撑全球高性能电池需 求。 智通财经APP获悉，9月12日，瑞浦兰钧(00666)于香港举行投资者推介会。公司董事长曹辉、非执行董 事项阳阳、执行董事兼董事会秘书吴艳军、执行董事兼财务总监黄洁华等管理层代表出席会议。 技术层面，公司依托"问顶技术""高传导固液技术""内循环自均衡技术"等六大核心技术，支撑产品高比 能、快充、长寿命、高安全等特性。量产磷酸铁锂能量密度200Wh/kg(在研230Wh/kg+)，三元量产 280Wh/kg(在研300+Wh/kg); ...

国家能源局最新发布内地储能政策显示，2025至2027年间将新增100吉瓦储能装机容量，相当于300吉瓦 时，当局估算将在3年内带动2,500亿元人民币投资规模。该行认为政策具有重大意义，表明中国将在未 来能源发展中持续推进储能建设，缓解了市场自今年初取消可再生能源项目强制配储政策以来的忧虑。 另外，中创新航(03931)作为全球第四大电动车与储能电池制造商，该行料2025至2027年的盈利年均复 合增长率达76%，予目标价38港元及跑赢大市评级。至于瑞浦兰钧(00666)为全球第五大储能电池制造 商，该行认为公司正处于复苏轨道，目标价14港元，予"跑赢大市"评级。 里昂发布研报称，部分内地电池企业将受惠于政策利好，当中宁德时代（300750）(03750)作为全球电 动车与储能电池制造龙头，预期公司今年盈利增速将加快至同比增长37%;现予H股目标价535港元及"跑 赢大市"评级，A股(300750.SZ)目标价390元人民币及高度确信跑赢大市评级。 ...

智通财经APP获悉，港股恒生指数涨0.29%，涨75点，报26463点；恒生科技指数涨1.11%。港股早盘成 交1620亿港元。 云锋金融(00376)再涨超19%，月内股价实现翻倍，云锋证券近日获批提供虚拟资产交易服务。 瑞浦兰钧(00666)再涨近2%，多家头部电芯厂商产线持续满负荷运转，公司储能电池出货量高增。 沪上阿姨(02589)涨超8%，公司近期获纳入港股通名单，上半年门店数量平稳增长。 脑动极光-B(06681)一度大涨83%创新高，早盘收涨36%，入通以来股价累涨超1.3倍。9月8日起，脑动 极光正式获纳入港股通名单。据悉，脑动极光是国内首家开发出针对认知障碍的医疗级数字疗法产品的 公司。 内房股集体走低，世茂集团(00813)跌近5%，中梁控股(02772)跌超3%。 CRO概念股早盘走高，康龙化成(03759)涨超8%，创新药临床试验审评审批再提速。康龙化成 （03759）涨7.95%；昭衍新药(06127)涨7%；药明生物(02269)涨5.5%；凯莱英(06821)涨4.2%。 药捷安康(02617)再涨超33%，药捷安康被调入港股通标的名单，自9月8日起生效。 锂电池板块涨幅居前，大 ...

消息面上，上海证券报记者近期调研发现，亿纬锂能（300014）、欣旺达（300207）、瑞浦兰钧、南都 电源（300068）等企业的储能电芯订单需求激增，产线持续满负荷运转。上半年，瑞浦兰钧的储能电池 及动力电池的销量均高于去年同期，其中动力电池出货量为13.53GWh，同比增长78.5%；储能电池出货 量为18.87GWh，同比增长119.3%，且储能电池的营业收入占比已达58.4%，成为公司第一大收入来 源。 瑞浦兰钧(00666)再涨近7%，截至发稿，涨4.69%，报13.62港元，成交额1.59亿港元。 中信证券发布研报称，储能产业近期市场关注度较高，源于海外需求景气，价格回升，拐点信号兑现， 以及新型储能"倍增计划"为装机提供持续保障。中期来看，在电改进程加速推进之下，储能正由成本项 转为盈利项，且容量补偿机制的不断完善进一步为储能提供盈利"安全垫"。长期来看，容量市场机制的 建设将对包含储能在内的各类市场参与主体的装机进行有效规划，明确收益预期，或成为电改的下一重 点方向。该行认为，容量市场作为电力交易体系的有效补充，应当未雨绸缪。 ...

智通财经APP获悉，瑞浦兰钧(00666)再涨近7%，截至发稿，涨4.69%，报13.62港元，成交额1.59亿港 元。 中信证券发布研报称，储能产业近期市场关注度较高，源于海外需求景气，价格回升，拐点信号兑现， 以及新型储能"倍增计划"为装机提供持续保障。中期来看，在电改进程加速推进之下，储能正由成本项 转为盈利项，且容量补偿机制的不断完善进一步为储能提供盈利"安全垫"。长期来看，容量市场机制的 建设将对包含储能在内的各类市场参与主体的装机进行有效规划，明确收益预期，或成为电改的下一重 点方向。该行认为，容量市场作为电力交易体系的有效补充，应当未雨绸缪。 消息面上，上海证券报记者近期调研发现，亿纬锂能、欣旺达、瑞浦兰钧、南都电源等企业的储能电芯 订单需求激增，产线持续满负荷运转。上半年，瑞浦兰钧的储能电池及动力电池的销量均高于去年同 期，其中动力电池出货量为13.53GWh，同比增长78.5%；储能电池出货量为18.87GWh，同比增长 119.3%，且储能电池的营业收入占比已达58.4%，成为公司第一大收入来源。 ...

Core Insights - The solid-state battery industry is entering a critical phase of industrialization, driven by technological advancements and increasing market demand [5][6] - The electrolyte segment is highlighted as a key area for value creation, with significant market potential estimated at 240 billion [3] - Companies that successfully develop solid-state battery technologies are expected to see substantial market valuation increases [3][4] Material Sector - Eight battery manufacturers have established pilot lines with a capacity of 0.3 GWh, indicating progress in overcoming scientific challenges related to sulfide electrolytes [1] - The value of electrolytes for a 1 GWh solid-state battery is projected at 600 million, even after potential cost reductions [3] - Two main processes for sulfide electrolytes are recognized: wet method and gas-solid separation, with companies like Huasheng Lithium and Tianqi Materials leading in the wet method [3] Positive Signals in Cathode Materials - A significant development in cathode materials is indicated by Rongbai Technology's announcement of using lithium-rich manganese-based cathodes by the end of 2026, which could enhance voltage and reduce costs [4] - The combination of sulfide electrolytes and lithium-rich cathodes positions certain companies as strong candidates in the solid-state battery market [4] Equipment Sector - Equipment manufacturers are experiencing a premium due to the urgent demand for production expansion, particularly in fiberization equipment [5] - Companies like Macro Technology and Delong Laser are noted for their advanced capabilities in equipment for solid-state battery production [5] - The solid-state battery sector is expected to benefit significantly from policy support and technological advancements, leading to rapid market growth [5] Related Companies in the Solid-State Battery Sector - Key players in the solid-state battery industry include CATL, Ganfeng Lithium, Tianqi Lithium, and BYD, among others [6]

Group 1 - The lithium battery sector is experiencing strong performance, with notable stock increases for companies such as Ruipu Lanjun (up 7.24%), Zhongchuang Xinhang (up 6.72%), Tianqi Lithium (up 6.1%), and CATL (up 2.33%) [1] - The lithium battery industry is entering a traditional peak season, leading to a significant increase in production schedules across the supply chain, with independent energy storage expected to see explosive growth following policy optimization, projecting an annual growth rate close to 30% [1] - Financial performance for major lithium battery manufacturers has improved significantly, with CATL reporting a net profit of 30.485 billion yuan for the first half of the year, a year-on-year increase of 33.33% [1] Group 2 - Ruipu Lanjun reported a year-on-year increase of approximately 119.3% in energy storage battery shipments, significantly outpacing the 78.5% growth in power battery shipments, with energy storage revenue accounting for over half of its total revenue [1] - The demand for power systems and liquid cooling technology is significantly increasing due to the accelerated global AI infrastructure development and the surge in AIDC data center requirements [1] - The solid-state battery industry is advancing faster than expected, with a substantial increase in order volumes for equipment manufacturers, indicating a continued acceleration in the industrialization process [1]

Core Viewpoint - The lithium battery sector is experiencing strong performance, driven by increased production and rising prices in the energy storage segment, alongside significant financial improvements among leading companies in the industry [1] Industry Summary - Leading lithium battery companies are seeing robust stock performance, with notable increases: Ruipu Lanjun (00666) up 7.24% to HKD 13.63, Zhongxin Innovation (03931) up 6.72% to HKD 26.38, Tianqi Lithium (002466) up 6.1% to HKD 41.7, and CATL (300750) up 2.33% to HKD 429.8 [1] - The lithium battery industry is entering a traditional peak season, with significant increases in production schedules across the supply chain, and independent energy storage is expected to see explosive growth following policy optimizations, with an annual growth rate projected to approach 30% [1] - The acceleration of global AI infrastructure development is driving a surge in demand for data center support, leading to heightened requirements for power systems and liquid cooling technologies [1] - Progress in solid-state battery technology is exceeding expectations, resulting in a substantial increase in order volumes for equipment manufacturers and a continued acceleration of the industrialization process [1] Company Performance Summary - Financial performance among major lithium battery manufacturers has shown significant improvement, with CATL reporting a net profit attributable to shareholders of CNY 30.485 billion for the first half of the year, reflecting a year-on-year increase of 33.33% [1] - Zhongxin Innovation, Ruipu Lanjun, and Zhengli New Energy have also reported strong interim results, with Ruipu Lanjun announcing a 119.3% year-on-year increase in energy storage battery shipments, significantly outpacing the 78.5% growth in power battery shipments [1] - Energy storage revenue now accounts for over half of Ruipu Lanjun's total revenue, and the company leads global shipments of household energy storage cells [1]

Group 1 - The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry 2025-2026," targeting an average growth rate of around 7% for the computer, communication, and other electronic equipment manufacturing industries from 2025 to 2026 [1] - The electronic information manufacturing industry, including lithium battery, photovoltaic, and component manufacturing, is expected to achieve an annual revenue growth rate of over 5% [1] - Major lithium battery equipment companies in the A-share market have shown signs of order recovery in the first half of the year, with leading companies like XianDao Intelligent, LiYuanHeng, and others reporting positive news regarding orders across key lithium battery production processes [1] Group 2 - Dongwu Securities research indicates that orders for CATL in 2025 are expected to return to the scale seen in 2020-2021, driven by domestic market demands for production line upgrades and expansions from leading battery companies [2] - The overseas market is experiencing a resurgence in demand for power batteries and energy storage installations, driven by energy transition policies, with overseas battery manufacturers restarting expansion efforts [3] - New entrants and automotive manufacturers are accelerating their layout in the battery industry, increasing the demand for complete line equipment, which is expected to enhance the value of equipment in 2025 [4] Group 3 - Related companies in the lithium battery equipment industry listed in Hong Kong include CATL, BYD, Zhongchuang Xinhang, and Ruipu Lanjun [5]