刚刚过去的11月，光伏与能源领域迎来两大里程碑事件。 先是11月26日，全球太阳能科技领导者隆基绿能（601012.SH）在英国伦敦重磅发布储能战略，正式进 军储能领域，完成从光伏领导者向 "光储氢一体化" 综合能源解决方案提供商的战略升级。紧接着月 底，在第二十一届中国太阳级硅及光伏发电研讨会（21st CSPV）上，隆基绿能展示的突破性HPBC 2.0 技术引发行业广泛关注。 可以说，从光伏技术的持续突破到储能领域的全新布局，隆基绿能正以全方位的技术创新与战略远见， 推动全球能源转型从 "效率竞争"迈向"价值发电"新阶段，为行业发展注入强劲动力。 HPBC 2.0技术，引领光伏 "价值发电" 新变革 在光伏产业发展进程中，技术路线的迭代始终是推动行业进步的核心动力。 长期以来，光伏行业竞争焦点高度集中在电池与组件的转换效率上，企业纷纷投入巨资冲击实验室效率 纪录。然而，随着技术路径逐渐收敛、市场应用日益成熟，单纯追求效率数字已难以全面体现光伏系统 的综合竞争力。在此背景下，隆基绿能率先提出从"效率优先"转向"价值为王"的发展理念，而 HPBC 2.0技术的产业化突破，正是这一理念的生动实践。 HPBC 2 ...

隆基绿能致力于成为全球最具价值的太阳能科技公司，以"善用太阳光芒，创造绿能世界"为使命， 秉承"稳健可靠、科技引领"的品牌定位，聚焦科技创新，构建了单晶硅片、电池组件、分布式光伏解决 方案、地面光伏解决方案、氢能装备等业务板块，形成了支撑全球零碳发展的"绿电"+"绿氢"产品矩阵 和综合解决方案。本次科技创新绿色公司债券的成功发行，是隆基绿能落实国家科技金融、绿色金融战 略部署的重要举措，体现了资本市场对民营企业融资的大力支持。 近日，隆基绿能科技股份有限公司（下称"隆基绿能"）在上海证券交易所发行2025年面向专业投资 者公开发行科技创新绿色公司债券（高成长产业债）（第一期）（债券简称：GK隆基01），国信证券 担任牵头主承销商、簿记管理人和受托管理人。本期债券发行规模14.8亿元，期限为3+2年，票面利率 2.89%，为民企科技创新绿色公司债券。 本期债券亦属于高成长产业债。为保护投资者权益和促进债券交易，隆基绿能在信息披露增强条 款、投资者保护特别条款等方面均作出了特别安排，充分体现了高成长产业债"更可靠的信息披露""更 活跃的市场交易""更有效的市场定价""更畅通的投融交流"和"更多元的投资者结构"五大 ...

Core Insights - The article discusses the strategic moves of leading companies in the energy storage sector, particularly focusing on the European market and the upcoming release of a comprehensive report on energy storage and digitalization [2][18]. Group 1: Industry Trends - The energy storage market in Europe is expected to experience significant growth, with a projected increase in installed capacity of 35.3 GWh by 2025, representing a year-on-year growth of over 75% [18]. - The European Photovoltaic Industry Association aims to increase total energy storage capacity from the current 50 GWh to between 500 GWh and 780 GWh by 2030, indicating a potential tenfold increase [18]. - Commercial and industrial (C&I) energy storage capacity in Europe is anticipated to grow thirteenfold from 2025 to 2034, reaching 33 GW/77 GWh [19]. Group 2: Company Strategies - Longi Green Energy has entered the energy storage market by acquiring a 61.9998% voting power in Precision Energy, marking its strategic shift towards energy storage [3]. - Longi's energy storage strategy emphasizes a "photovoltaic-storage-hydrogen integration" approach, aiming to create a stable energy framework [14][21]. - Sungrow Power Supply has launched the PowerKeeper series, a modular and integrated energy storage solution, targeting the commercial sector in Europe [6][12]. Group 3: Competitive Landscape - The simultaneous strategic moves by Longi Green Energy and Sungrow Power Supply in Europe indicate a competitive landscape where both companies are vying for market share, albeit with different approaches [20][22]. - Longi focuses on integrating photovoltaic, storage, and hydrogen technologies, while Sungrow emphasizes modularity and intelligent solutions for commercial applications [21]. - The European market is becoming a battleground for global energy storage leaders, where competition extends beyond products to include solutions, business models, and localized service capabilities [22].

| 证券代 | 证券简称 | 主力资金净流出 | 主力资金净流出金额 | 主力资金净流出比例 | 累计涨跌幅 | | --- | --- | --- | --- | --- | --- | | 码 | | 天数 | （亿元） | （%） | （%） | | 300059 | 东方财富 | 12 | 52.10 | 9.05 | -8.12 | | 300058 | 蓝色光标 | 5 | 31.25 | 6.02 | -4.28 | | 601012 | 隆基绿能 | 8 | 24.51 | 9.27 | -11.56 | | 000617 | 中油资本 | 23 | 24.51 | 13.92 | -15.60 | | 600021 | 上海电力 | 8 | 22.92 | 14.10 | -14.49 | | 601606 | 长城军工 | 5 | 15.60 | 7.95 | -9.07 | | 002400 | 省广集团 | 5 | 14.08 | 8.21 | -5.03 | | 300015 | 爱尔眼科 | 15 | 13.19 | 14.58 | -7.22 | | 300339 | 润和软件 ...

ed t 0.03 ful annual R 2 11,200 ", " " n ER H N 000 000 100 x C F SH l @ " with ITS . E V ND U U y Y 22 n . 12 A.B ICL and 2 2025年11月22日至23日，江苏泰州、河南郑州、浙江义乌三地接连发生火灾，官方通报显示其中两起事故源头直指光伏组件。尤为触目惊心的是，某动物园 鸟语林20平米光伏设施的被毁，竟源于一片被引燃的落叶。 从实验室报告到户外实证，全行业共同见证 频发的火灾事故，让光伏组件安全性再度成为全行业关注的焦点。11月28日，来自产业链各环节的代表——包括电站业主、经销商、技术专家和权威媒体， 再次齐聚银川国家光伏质检中心（CPVT）全球最大的户外实证基地。他们的目标明确而一致：共同见证两个月前隆基获颁的行业首张"三防"检测证书，能 否经得起实证的严苛检验，以及其在真实环境下的性能表现到底怎么样。 "报告再漂亮，不如实地看一看。"隆基分布式中国区总裁牛燕燕的开场致辞，为这场实证活动定下了务实基调。她强调，在光伏行业面临挑战的当下，隆基 选择用创新回应质疑，用实证建立信任。而这 ...

上市企业：隆基绿能（601012）,通威股份（600438）,阳光电源（300274）,晶澳科技（002459）,天合光 能（688599）,特变电工（600089）,正泰电器（601877）,TCL中环（002129）,林洋能源（601222）,上 能电气（300827） 相关报告：智研咨询发布的《2025-2031年中国太阳能发电站行业市场行情监测及投资前景研判报告》 根据国家统计局数据显示：2025年9月中国太阳能发电量产量为465亿千瓦时，同比增长21.1%；2025年 1-9月中国太阳能发电量累计产量为4362.8亿千瓦时，累计增长24.2%。 2020-2025年1-9月中国太阳能发电量产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - The global photovoltaic industry is experiencing rapid expansion, but currently faces overcapacity, subsidy reductions, and trade barriers, leading to industry-wide losses. A recovery is anticipated by 2025, but third-quarter financial reports do not confirm a reversal yet. Despite this, A-share related stocks have shown more gains than losses in 2025 [5][11]. Group 1: Industry Overview - The photovoltaic industry is projected to reach 2000 GW of installed capacity by 2030, surpassing thermal power as the largest energy source [5]. - The three major companies in the industry—LONGi Green Energy, Tongwei, and TCL Zhonghuan—are navigating through challenging times, with varying strategies of integration and specialization [6][8]. Group 2: Financial Performance - In 2022, revenues for Tongwei, LONGi, and TCL Zhonghuan were 142.2 billion, 129 billion, and 67 billion respectively. By 2023, revenues showed slight declines, with LONGi being the most resilient [8][9]. - For the first three quarters of 2025, revenues continued to decline, but the rate of decline is expected to stabilize [11]. - In terms of net profit, TCL Zhonghuan faced the most significant drop, with a net profit of only 25.7 billion in 2023, down from 64.8 billion in 2022 [12][14]. Group 3: Business Strategies - LONGi has adopted an integrated strategy, significantly increasing its downstream component and battery business, which now constitutes a larger portion of its revenue compared to upstream silicon products [28][30]. - TCL Zhonghuan has been more reluctant to embrace integration, focusing primarily on its silicon wafer business, which has led to substantial losses in recent years [19][26]. - Tongwei has successfully expanded into the component business, achieving significant revenue growth, but still faces challenges in maintaining profitability due to declining prices [42][46]. Group 4: Market Dynamics - The photovoltaic industry is divided into five segments: silicon materials, silicon wafers, cells, modules, and power generation. The silicon wafer segment has the highest technical barriers [18]. - The debate between integration and specialization continues, with evidence suggesting that integrated companies may have better resilience during downturns compared to specialized firms [50].

Core Insights - Longi Green Energy has transitioned from a global photovoltaic leader to a comprehensive energy solution provider focusing on "photovoltaic-storage-hydrogen integration" within just 13 days following the acquisition of Jingkong Energy [4] - The company introduced a one-stop energy storage solution at a product launch event in London, emphasizing a "stable triangle" energy architecture centered on photovoltaic, energy storage, and hydrogen energy [4] - Longi Green Energy announced the establishment of its first photovoltaic-storage technology innovation center in Europe, aimed at providing localized professional services to enhance the safety, reliability, and long-term returns of integrated energy storage assets [4] Company Strategy - The acquisition of Jingkong Energy is a strategic move to quickly enter the energy storage market, leveraging Jingkong's mature system integration experience and strong global capacity [5] - Longi Green Energy is expanding its domestic channels, with reports of contracts signed for residential energy storage systems [4] - The company plans to implement its energy storage solutions primarily in key European markets such as the UK, Germany, Italy, and Spain, capitalizing on the urgent demand for energy transition in Europe [4]

11月27日晚，华灯初上，一艘"飞碟"造型的游船缓慢行驶在大唐芙蓉园的湖面上。游客乘坐其中， 悠然欣赏着美景。 "这艘船搭载了全球首款L4级无人驾驶技术，可自主完成巡航、避障等操作。"陕西欧卡电子智能科 技有限公司副总裁吴桐说，公司推出的无人驾驶环保船、智能载人游船、智舶系统已在13个国家投用。 在陕西，一大批像陕西欧卡电子智能科技有限公司这样的高科技企业不断涌现。飞秒激光，雕 刻"大国重器"；太阳能电池，比A4纸还薄；一块液晶电视，从零件到成品仅需8秒……传统与创新在这 里交织。 近年来，陕西立足自身产业基础和资源禀赋，以"链长制"为抓手，不断扬优补短、聚链强群，夯实 现代化产业体系的"四梁八柱"。 强龙头 锻造"西引力" 11月25日，在吉利汽车西安制造基地，目之所及，机器人成为生产制造中的绝对"主角"。在这 里，"超级大脑"全流程指挥调度，60秒就能下线一辆汽车。 作为浙江吉利控股集团目前占地面积最大、投资最多、产品最高端、工艺最先进、智能化程度最高 的4.0工厂，吉利汽车西安制造基地日产量稳定在1200台以上，总产值突破750亿元。 2024年，陕西工业34条重点产业链实现产值2.25万亿元，占全省规 ...

证券时报·数据宝统计，截至11月28日收盘，沪深两市共343只个股连续5日或5日以上主力资金净流出。 从净流出持续时间来看，万泰生物等连续23日主力资金净流出，排名第一；中油资本连续22日主力资金 净流出，位列第二。从主力资金净流出总规模来看，中芯国际主力资金净流出金额最大，连续11天累计 净流出43.59亿元，东方财富紧随其后，11天累计净流出41.89亿元。从主力资金净流出占成交金额的比 例来看，*ST东易占比排名居首，该股近8日下跌26.44%。 | 601618 | 中国中冶 | 7 | 1.75 | 5.63 | -3.64 | | --- | --- | --- | --- | --- | --- | | 300627 | 华测导航 | 1 1 | 1.75 | 5.53 | -4.12 | | 600255 | 鑫科材料 | 1 1 | 1.74 | 10.64 | -8.25 | | 688258 | 卓易信息 | 5 | 1.74 | 7.82 | 9.20 | | 300933 | 中辰股份 | 17 | 1.73 | 7.88 | -13.99 | | 000525 | 红太阳 | 14 ...