11月26日，隆基绿能（601012.SH）在英国伦敦举行储能产品解决方案发布会，副总裁佘海峰首次面向全球系统阐述隆基绿能储能战略，并重磅推出储能一 站式解决方案。 从11月13日收购精控能源进军储能市场消息被证实，到储能产品解决方案发布会，隆基绿能仅仅用了13天就完成了从全球光伏领导者向"光储氢一体化"综合 能源解决方案提供商的战略升级。 此外，有经销商近期透露，隆基绿能已经在国内开始拓展渠道，有经销商已经与其签订了两台别墅储能设备的合同。 在发布会上，佘海峰首次提出以光伏、储能、氢能为核心的"稳定三角"能源架构。佘海峰称，"光伏是清洁能源的创造者，储能是电力系统的稳定器，氢能 则是平衡能源系统的调节器""三者的协同将构建真正广普及、高韧性、可负担的零碳能源体系"。 此外，在发布会上隆基绿能还正式宣布在欧洲设立首个光储技术创新中心。该中心将整合项目咨询、技术培训、运维支持与备件服务等核心职能。此举旨在 致力于为欧洲客户提供快速响应、覆盖全生命周期的本地化专业服务，全方位保障光储一体化资产的安全性、可靠性与长期收益。 佘海峰表示，"欧洲能源转型的迫切需求与成熟的市场机制，为'光储氢一体化'解决方案提供了理想的 ...

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 ...

格隆汇11月28日｜长城证券研报指出，隆基绿能前三季度实现归母净利润-34.03亿元，亏损程度同比继 续收窄，Q3实现归母净利润-8.34亿元，环比减亏2.99亿元。业绩持续减亏，切入储能赛道。Q3单季度 BC二代组件在BC组件出货中的占比已超过95%，进一步构筑公司以高价值、场景化解决方案为核心的 差异化竞争优势。收购精控能源，切入储能赛道。11月13日，陕西省市场监督管理局发布公示，隆基绿 能拟通过收购股权、增资入股、表决权委托的形式取得苏州精控能源科技股份有限公司约62%的表决 权，交易完成后，隆基绿能将单独控制精控能源。在储能领域，精控能源业务已覆盖中国大陆、欧洲、 北美、澳洲等多个关键地区， 海外产能和服务网络已实现全球布局，全球自有产能31GWh，通过与区 域伙伴的紧密合作已成功落地执行多个大型智慧能源项目，全球并网量10GWh+。隆基绿能自身已在全 球新能源领域积累沉淀多年的品牌、渠道优势，通过此次收并购强势入局储能行业有望实现光储业务的 高度协同，打开新的增长空间。维持"买入"评级。 ...

Core Insights - The company reported a revenue of 50.915 billion yuan for the first three quarters of 2025, a year-on-year decrease of 13.10%, with a net profit attributable to shareholders of -3.403 billion yuan, showing a reduction in losses compared to the previous year [1] - The company is acquiring a controlling stake in Suzhou Jingkong Energy Technology Co., Ltd., which specializes in lithium-ion battery energy storage systems, indicating a strategic move into the energy storage sector [2] - The photovoltaic industry is experiencing a "de-involution" trend, which is expected to improve pricing and profitability across the supply chain [2] Financial Performance - For Q3 2025, the company achieved a revenue of 18.101 billion yuan, down 9.78% year-on-year and 5.53% quarter-on-quarter, with a net profit of -0.834 billion yuan, showing significant reduction in losses compared to the previous quarter [1] - The company sold 11.26 GW, 13.46 GW, and 13.43 GW of silicon wafers in the first three quarters, and 16.93 GW, 24.92 GW, and 21.58 GW of battery modules, indicating stable sales performance [1] Strategic Moves - The acquisition of approximately 61.9998% voting rights in Jingkong Energy will allow the company to control the energy storage business, enhancing its product offerings in this growing market [2] - A significant launch event for energy storage solutions was held in London, showcasing the company's strategic direction in energy storage [2] Industry Outlook - The ongoing "de-involution" policies in the photovoltaic industry are expected to stabilize prices and improve profitability, which could benefit the company [2] - The company is projected to see revenue growth from 65.434 billion yuan in 2025 to 96.332 billion yuan in 2027, with net profits expected to turn positive by 2026 [3]

Core Viewpoint - Longi Green Energy has launched a one-stop energy storage solution, emphasizing the integration of photovoltaic, energy storage, and hydrogen energy to create a comprehensive, resilient, and affordable zero-carbon energy system [1] Group 1: Company Strategy - Longi's Vice President, She Haifeng, outlined the company's energy storage strategy, highlighting its leading technologies in photovoltaic and hydrogen energy, including a HIBC battery efficiency of 27.81% and the world's largest ALK electrolyzer production capacity [1] - The launch of the energy storage business signifies the further enhancement of Longi's "photovoltaic-storage-hydrogen" full value chain strategy [1] Group 2: Industry Insights - The current development stage of the energy storage industry is likened to the early days of photovoltaic technology, characterized by confidence-driven rapid growth but also disordered competition [1] - Future competition in the energy storage sector will shift from "availability of technology" to "reliability of value," with safety, reliability, and robustness being key metrics for evaluating energy storage solutions [1] Group 3: Market Expansion - Longi Green Energy announced the establishment of a solar-storage technology innovation center in Europe, which will integrate project consulting, technical training, operational support, and spare parts services [1] - The energy storage solutions will initially be implemented in key markets such as the UK, Germany, Italy, and Spain, capitalizing on Europe's urgent energy transition needs and mature market mechanisms [1]

Core Insights - The report emphasizes that the photovoltaic industry is entering a continuous capacity clearance cycle, driven by anti-involution policies and market dynamics, which will gradually improve the performance of existing photovoltaic companies [4][22][50] - The investment recommendation maintains a "stronger than market" rating, suggesting a focus on leading companies in niche sectors such as energy storage inverters, polysilicon materials, photovoltaic glass, and integrated component manufacturers [4][36][50] Group 1: 2025 Review and 2026 Outlook - In 2025, the photovoltaic sector saw a significant increase in installed capacity, with a total of 240.27 GW added, representing a year-on-year growth of 64.73% [4][36] - The report notes a bifurcation in stock performance, with the photovoltaic industry index yielding a return of 21.53% from January to November 2025, outperforming the Shanghai and Shenzhen 300 index, which returned 13.18% [14][20] - The outlook for 2026 indicates a slowdown in new installations, with expectations of stable demand and a focus on improving the quality of the industry through capacity reduction and consolidation [4][36][50] Group 2: Investment Recommendations - The report suggests that the energy storage inverter sector will benefit from a global upturn in energy storage demand, with significant growth expected in the market [4][36] - For polysilicon, the report highlights that anti-involution measures are likely to reverse the industry's challenges, recommending a focus on leading companies with performance elasticity [5][9] - The photovoltaic glass market is entering a phase of capacity optimization, with a recommendation to focus on leading companies that possess cost advantages [9][10] Group 3: Market Dynamics - The report indicates that the traditional markets in Europe and the U.S. are experiencing sluggish growth, while demand in Asia-Pacific and Africa remains robust, with imports of components continuing to grow rapidly [4][41][42] - The report outlines that the U.S. market is facing challenges due to the expiration of investment tax credits, which is expected to impact new installations negatively [45][46] - In contrast, the Middle East and Africa are emerging as hotspots for photovoltaic demand due to their energy transition needs and favorable market conditions [41][47]

Core Viewpoint - The hydrogen energy sector is accelerating globally, with China enhancing its strategic layout as hydrogen energy is included in the central government's five-year planning recommendations [2][3] Group 1: Hydrogen Energy Policy and Market Dynamics - Various countries are developing comprehensive hydrogen energy policy frameworks, and international trade cooperation is advancing [2] - During the 14th Five-Year Plan period, expanding non-electric applications of renewable energy and increasing hydrogen energy consumption are expected to be key focuses [2] - The construction of wind, solar, hydrogen, and methanol bases is expected to alleviate critical supply-demand bottlenecks in the hydrogen energy sector [2] Group 2: Hydrogen Production and Consumption - The hydrogen production chain is primarily dominated by fossil fuel-based hydrogen, while electrolysis projects are increasing in China [3] - In 2024, China's electrolysis water hydrogen production is projected to reach approximately 320,000 tons, reflecting a year-on-year growth of about 3.6% [3] - Synthetic methanol and ammonia account for the largest shares of hydrogen consumption, at 27% and 26% respectively [3] Group 3: Electrolyzer Demand and Market Competition - The demand for electrolyzers is expected to grow rapidly, with a projected public tender demand of over 2,369 MW for electrolysis water equipment in China in 2024, representing a year-on-year increase of 39.7% [4] - Alkaline and PEM electrolyzers are anticipated to dominate the market, with alkaline electrolyzers' demand increasing from 95.5% in 2023 to 98.6% in 2024 [4] - Global electrolyzer capacity is expected to grow significantly, with China's share exceeding 50% of the total installed capacity by the end of 2024 [4] Group 4: Investment Recommendations - Companies with cost advantages in electrolyzers and green methanol production are recommended for investment, including Longi Green Energy and Sungrow Power Supply [5] - Other companies to watch include Huaguang Huaneng, China Huadian Corporation, and Shuangliang Eco-Energy [5] - For green methanol, recommended companies include Goldwind Technology, with additional attention to Jiazhe New Energy and Jidian Co., Ltd. [5]

Core Insights - Longi Green Energy has achieved a significant breakthrough in silicon-based tandem solar cell technology, with a certified efficiency of 29.8%, marking the first authoritative record for this type of cell globally [1][2] - The development of flexible silicon-perovskite tandem solar cells is expected to facilitate commercial applications in lightweight, high-power photovoltaic scenarios such as space and automotive solar energy [1][2] Group 1: Technological Advancements - The research team has successfully reduced the thickness of silicon wafers to 60 micrometers, allowing for flexibility without breaking at a bending radius of less than 2 centimeters [2] - An innovative "loose and dense" dual-layer buffer structure has been developed to address the challenges of mechanical stress and efficient charge transfer, enhancing the performance of the tandem cells [2] - Laboratory tests have shown that the small-area devices of the ultra-thin silicon-perovskite tandem solar cells have achieved an efficiency of 33.4%, certified by the National Renewable Energy Laboratory (NREL) [2] Group 2: Market Implications - The achievement of 30% efficiency is seen as a critical point for the large-scale commercialization of automotive solar energy, potentially transforming vehicles from energy consumers to mobile power stations [3] - Automotive companies like BYD and Changan are actively promoting solar energy integration in vehicles, with BYD's solar roof technology achieving a conversion efficiency of 23.18% and Changan's transparent solar body technology providing daily energy replenishment [4] - The collaboration between Longi Green Energy and academic institutions is expected to accelerate the commercialization of vehicle-mounted solar energy, with projections for widespread applications in logistics, cold chain, and emergency power supply [5]

Core Insights - The signing of the 180,000-ton green methanol project in Lianyungang's Ganyu District is a significant development in the region's chemical industry [1] - The project is a collaboration between Longi Green Energy Technology Co., Ltd., Zhongsheng Technology (Jiangsu) Group Co., Ltd., and Lianyungang Port Group Co., Ltd., with a total planned investment of 3 billion yuan [1] - This project is notable as it is Jiangsu's first gasification-based green methanol project, focusing on integrated raw material processing and power generation [1] Investment and Economic Impact - The project aims to utilize local resources such as straw through biomass gasification to produce synthesis gas, which will then be converted into methanol [1] - It is expected to enhance the port's distribution capabilities and contribute to the establishment of a green chemical demonstration park and a 10 billion yuan-level green industry [1]