年尾将至，物流运输全面进入年度高峰期。对于每日奔波在路上的卡友们而言，驾驶室早已不仅是一辆 车，更是他们的"移动之家"。无论是驻车休息时的空调、电热毯，还是烧水做饭、影音娱乐，稳定的电 力供应都是支撑这份生活与工作的基础。 一块稳定、耐用的电池，既决定了运输效率，也影响着卡友们的舒适度。骆驼铠甲驻车空调电池系列， 正是为高强度运输场景量身打造的可靠选择。 技术升级：更强续航，更耐高负荷 骆驼铠甲电池采用独有的Duralife技术，结合高强度合金材料与高导电性碳配方，显著提升耐用性与导 电性能。优化后的槽体结构让电池容量提升约15%，在同等负载下可多支撑约1小时驻车用电，为卡友 们带来更长久的空调与取暖体验。 在这个以速度和可靠性为核心的物流旺季，骆驼铠甲驻车空调电池，以更强续航、更快充电、更稳性 能，为全国卡友的"移动之家"持续供能，助力他们在繁忙运输中稳健前行。 同时，"超导电解液技术"的加入，有效抑制电解液分层，使充电效率提升20%。车辆行驶3-4小时即可 快速恢复电量，不耽误运输行程，也让频繁启停的旺季更从容。 品质与服务：双重保障更安心 面对长途、高震动、昼夜连续运行等极端工况，骆驼铠甲K系列在抗振等 ...

骆驼股份（601311.SH）12月12日在投资者互动平台表示，针对储能业务，公司基于内外部环境，稳健 经营；在此基础上，开展了电芯、BMS/EMS开发、系统集成及国内外渠道布局等相关工作。大储产品 主要面向电力企业等客户，小储产品主要销往海外。前三季度，公司聚焦汽车低压电源主业，实现净利 润约6.22亿元，同比增长约22.7%。 每经AI快讯，有投资者在投资者互动平台提问：公司近四年的年报中一直有重点宣传公司储能业务板 块的布局，今年全球市场储能大爆发，怎么不见公司储能业绩有一丝丝起色，请问号称投资几十亿元的 储能板块布局是不是已经失败了？请积极回应股民提问！ （记者 王晓波） ...

Core Insights - The company has reported a significant increase in low-voltage lithium battery sales, with a year-on-year revenue growth of 196% in the first half of the year [1] - The company confirmed that low-voltage lithium battery orders continued to increase in the third quarter, indicating strong demand [1] - The company has secured project approvals from multiple mainstream automotive manufacturers, maintaining a high capacity utilization rate [1]

Group 1 - The company is focusing on expanding its overseas mainframe supporting business in Thailand [1] - The company is leveraging its base in Malaysia to extend its operations to Malaysia, Indonesia, and Thailand [1]

Core Viewpoint - The renewable energy industry is undergoing a significant pressure test due to drastic fluctuations in upstream raw material prices, particularly polysilicon, which has seen a dramatic price drop followed by a rapid rebound, leading to a survival competition among companies focused on risk management [1][2]. Group 1: Price Fluctuations and Industry Impact - Polysilicon prices fell from 56,000 yuan/ton at the beginning of 2025 to 34,400 yuan/ton by the end of June, a decline of nearly 40%, resulting in six consecutive quarters of deep losses for the industry [1]. - Following a policy push for healthy competition, prices rebounded sharply, increasing by 36.9% within a month, with futures prices reaching a new high in September [1]. Group 2: Increased Reliance on Hedging Tools - Major companies in the renewable energy sector are significantly increasing their hedging limits, indicating a strong commitment to risk mitigation [2]. - JinkoSolar announced an increase in its futures hedging margin limit from 660 million yuan to 1.5 billion yuan, with a maximum contract value of 10.3 billion yuan [2]. - EVE Energy raised its commodity hedging margin and premium limits from 350 million yuan to 1 billion yuan, with maximum contract values increasing from 3.5 billion yuan to 8.5 billion yuan [2]. Group 3: Broader Market Trends - The trend of embracing futures markets is not limited to the renewable energy sector but is becoming a consensus among listed companies in China, with 458 companies announcing hedging activities in October 2025, a 2.3-fold increase from the previous year [3]. - A total of 1,737 A-share listed companies participated in hedging activities in the first ten months of the year, a year-on-year increase of 15.6% [3]. - Manufacturing sectors such as electronics, basic chemicals, and power equipment are the main participants, with over 50% participation from industries like non-ferrous metals and home appliances [3].

Core Insights - Camel Group Co., Ltd. experienced a stock decline of 2.27% on November 17, with a trading volume of 398 million yuan [1] - The company reported a net financing outflow of 24.71 million yuan on the same day, with a total financing and securities balance of 674 million yuan [1][2] - For the period from January to September 2025, Camel Group achieved a revenue of 12.142 billion yuan, representing a year-on-year growth of 7.14%, and a net profit of 619 million yuan, up 26.95% year-on-year [2] Financing and Securities - On November 17, Camel Group had a financing buy-in amount of 38.37 million yuan, with a current financing balance of 672 million yuan, accounting for 5.79% of its market capitalization [1] - The financing balance is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - In terms of securities lending, the company had a securities lending balance of 1.8512 million yuan, also exceeding the 90th percentile level over the past year [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders increased to 71,600, a rise of 38%, while the average circulating shares per person decreased by 27.54% to 16,391 shares [2] - Since its A-share listing, Camel Group has distributed a total of 2.522 billion yuan in dividends, with 892 million yuan distributed over the past three years [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 15.462 million shares, a decrease of 6.5137 million shares from the previous period [2]

Core Viewpoint - The announcement reveals that Liu Changlai, the chairman of Camel Group (601311.SH), plans to reduce his shareholding due to personal financial needs, intending to sell up to 7,200,000 shares within three months after the announcement [1]. Shareholding Structure - Liu Changlai currently holds 28,888,694 shares, representing 2.46% of the total share capital of Camel Group [1]. - The total shares held by the controlling shareholder, Sun Jie, and associated parties amount to 404,050,706 shares, which is 34.44% of the total share capital [1][2]. - The shareholding breakdown includes Sun Hao with 208,780,003 shares (17.80%), Tuo Feng Investment with 150,382,009 shares (12.82%), and Ruiyi Fund with 16,000,000 shares (1.36%) [2]. Historical Share Reduction - Liu Changlai has a history of share reductions, having sold a total of 12,319,000 shares since August 6, 2014, resulting in approximately 166.26 million yuan in cash [2][3]. - The average selling prices and amounts for previous reductions indicate a consistent pattern of divestment over the years [3].

Economic Information - The price of upstream storage chips has surged, leading several smartphone manufacturers, including Xiaomi, OPPO, and vivo, to suspend their storage chip purchases for the current quarter. Many manufacturers have inventory levels below two months, with some DRAM inventories dropping to less than three weeks. They are hesitant to accept price quotes from original manufacturers (Micron, Samsung, SK Hynix) that approach a 50% increase. The demand for storage chips has surged due to the AI model wave, with data centers willing to pay higher prices for procurement, often exceeding prices offered to smartphone manufacturers by over 30% for the same products [2][8]. - The Ningbo Shipping Exchange reported that the Ningbo Export Container Freight Index (NCFI) closed at 999.7 points, down 5.1% from the previous week. Among 21 shipping routes, 6 saw an increase in freight index, while 14 experienced a decline, and 1 remained stable. In major ports along the "Maritime Silk Road," 5 ports saw an increase in freight index, while 11 ports saw a decrease [2][8]. Company Alerts - China Fortune Land Development has seen a cumulative increase of 256% over 14 trading days, significantly higher than the industry and Shanghai Composite Index, and is now under suspension for verification [4]. - Contemporary Amperex Technology Co., Ltd. (CATL) has its third-largest shareholder, Huang Shilin, planning to transfer 1% of shares, valued at approximately 18.4 billion yuan [4]. - Other companies, including Baida Group, Chahua Co., and Yifeng Pharmacy, have announced plans for share reductions by various stakeholders, with reductions ranging from 0.0176% to 3% [4][8]. Overseas Alerts - The U.S. stock market saw mixed results last Friday, with the Dow Jones down 0.65%, S&P 500 down 0.05%, and Nasdaq up 0.13%. Notable tech stocks had varied performances, with Oracle rising over 2% and Netflix dropping over 3% [5]. - The Chinese Ministry of Foreign Affairs issued a travel advisory, warning citizens to avoid traveling to Japan due to deteriorating safety conditions and recent incidents involving Chinese nationals [5].

Core Viewpoint - Camel Group Co., Ltd. is actively managing its financial strategies by engaging in wealth management and hedging activities to enhance capital efficiency and mitigate risks associated with commodity price fluctuations and foreign exchange rates [1][2][3]. Trading Information Summary - On November 14, 2025, Camel Group's stock closed at 10.13 yuan, down 2.6%, with a turnover rate of 3.26%, trading volume of 382,300 shares, and a transaction value of 391 million yuan [1]. - The net outflow of main funds was 7.774 million yuan, accounting for 1.99% of the total transaction value; meanwhile, retail funds saw a net inflow of 27.5807 million yuan, representing 7.05% of the total transaction value [1]. Company Announcements Summary - The board of directors approved a proposal to use idle self-owned funds for wealth management, with a maximum daily balance of 1.8 billion yuan allocated for low-risk financial products from qualified financial institutions [1][3]. - The company plans to engage in commodity futures, options, and foreign exchange hedging, with a maximum margin of 90 million yuan for commodities and 10 million USD for foreign exchange [2][3]. - Chairman Liu Changle announced a plan to reduce his shareholding by up to 7.2 million shares, which is no more than 0.6137% of the total share capital, between December 8, 2025, and March 6, 2026 [2][3]. Risk Management and Compliance - Camel Group has established a hedging business management system to regulate futures and derivatives trading, emphasizing risk prevention and control, with clear guidelines on the purpose, scope, and approval processes for hedging activities [3][4].

Core Viewpoint - Camel Group (骆驼股份) is actively managing its financial resources and risk exposure through various financial instruments, including investments in low-risk financial products and hedging activities in commodities and foreign exchange [1][2]. Company Announcements - Camel Group's board of directors approved several key proposals, including the use of up to 1.8 billion yuan of idle funds for low-risk financial products, with a rolling authorization period of 12 months [1][4]. - The company plans to engage in commodity hedging with a maximum margin of 90 million yuan and foreign exchange hedging with a maximum margin of 10 million USD, both with a 12-month authorization period [2][4]. - Chairman Liu Changle intends to reduce his shareholding by up to 7.2 million shares, representing no more than 0.6137% of the total share capital, between December 8, 2025, and March 6, 2026 [2][4]. Financial Performance - As of November 14, 2025, Camel Group's stock price closed at 10.13 yuan, down 0.69% from the previous week, with a market capitalization of 11.884 billion yuan, ranking 53rd in the battery sector [1].