消息面上，有媒体称，在政策支持及全球对电网稳定设备和人工智能驱动数据中心供电设备的需求推动下，储能系统正加速普及。电池产业与太阳能、电动车共同构成中国工业增长战略的核心。 A股市场储能板块走强，其中，海博思创涨超13%，艾罗能源涨超9%，科陆电子涨超7%，南都电源涨超5%，派能科技涨超4%，科士达涨超3%，科华数据涨超2%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 688411 | 海博思创 | + | 13.55 | 506亿 | 1371.45 | | 688717 | 艾罗能源 | + | 9.15 | 122亿 | 63.71 | | 002121 | 科陆电子 | + | 7.84 | 148亿 | 105.52 | | 300068 | 南都电源 | + | 5.56 | 170亿 | 17.53 | | 688063 | 派能科技 | 家 | 4.29 | 160亿 | 64.89 | | 002518 | 科士达 | + | 3.92 | 259亿 | 99.84 | | 00 ...

证券代码：601311 证券简称：骆驼股份 公告编号：2025-046 骆驼集团股份有限公司 高级管理人员减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 高级管理人员持股的基本情况 截至 2025 年 10 月 28 日，骆驼集团股份有限公司（以下简称"公司"）副总 裁刘科先生持有公司股份 26,100,000 股，占公司总股本的 2.22%；刘科先生的 一致行动人刘方女士持有公司股份 34,796,667 股，占公司总股本的 2.97%；刘 科先生及其一致行动人刘方女士合计持有公司股份 60,896,667 股，占公司总股 本的 5.19%。 减持计划的实施结果情况 公司于 2025 年 7 月 7 日在上海证券交易所网站（www.sse.com.cn）披露了 《骆驼股份高级管理人员减持股份计划公告》（公告编号：2025-030）。自减持计 划公告披露之日起 15 个交易日后的 3 个月内（窗口期不减持），刘科先生拟通过 集中竞价、大宗交易方式减持不超过 8,699,100 股，不 ...

电池 25Q3 营收稳步增长，利润短期承压 骆驼股份（601311.SH） 证券研究报告/公司点评报告 2025 年 10 月 28 日 请务必阅读正文之后的重要声明部分 | 评级： | 买入（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 指标 | | 2023A | 2024A | 2025E | 2026E | 2027E | | 分析师：何俊艺 | | 营业收入（百万元） | | 14,079 | 15,592 | 17,933 | 20,168 | 22,694 | | | | 增长率 yoy% | | 5% | 11% | 15% | 12% | 13% | | 执业证书编号：S0740523020004 | | 归母净利润（百万元） | | 572 | 614 | 934 | 1,144 | 1,324 | | Email：hejy02@zts.com.cn | | 增长率 yoy% | | 22% | 7% | 52% | 23% | 16% | | | | ...

Market Overview - The battery sector increased by 0.29% compared to the previous trading day, with Fangyuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Gainers in the Battery Sector - Fangyuan Co., Ltd. (688148) closed at 8.01, up 12.50% with a trading volume of 641,600 shares and a transaction value of 506 million [1] - Xinde New Materials (301349) closed at 45.00, up 11.94% with a trading volume of 112,600 shares and a transaction value of 501 million [1] - Hunan YN (301358) closed at 61.58, up 8.99% with a trading volume of 319,400 shares and a transaction value of 1.986 billion [1] - Other notable gainers include Jinyinhe (300619), Wanrun New Energy (688275), and Guoxuan High-Tech (002074) with respective increases of 7.20%, 6.57%, and 6.00% [1] Top Losers in the Battery Sector - Yinghe Technology (300457) closed at 29.49, down 7.96% with a trading volume of 507,100 shares and a transaction value of 1.52 billion [2] - Camel Group (601311) closed at 10.14, down 6.02% with a trading volume of 834,600 shares and a transaction value of 850 million [2] - Other significant decliners include Jia Yuan Technology (688388) and Huaneng Technology (688353) with decreases of 4.44% and 4.34% respectively [2] Capital Flow Analysis - The battery sector experienced a net outflow of 1.738 billion from institutional investors, while retail investors saw a net inflow of 864 million [2][3] - Notable stocks with significant net inflows from retail investors include Guoxuan High-Tech (002074) with a net inflow of 155 million [3] - The capital flow data indicates a mixed sentiment among different investor types within the battery sector [3]

Core Viewpoint - Camel Group Co., Ltd. experienced a 5.38% decline in stock price, closing at 10.21 CNY per share, with a trading volume of 147 million CNY and a turnover rate of 1.23%, resulting in a total market capitalization of 11.978 billion CNY [1] Company Overview - Camel Group Co., Ltd. is located in Xiangyang, Hubei Province, and was established on July 2, 1994, with its listing date on June 2, 2011 [1] - The company's main business includes low-voltage automotive battery operations, recycling, and energy storage [1] - Revenue composition is as follows: low-voltage lead-acid batteries account for 79.06%, recycled lead 14.65%, lithium batteries 4.41%, and others 1.88% [1] Fund Holdings - According to data, one fund under Dacheng Fund has a significant holding in Camel Group [2] - Dacheng Strategy Return Mixed A (090007) reduced its holdings by 1.1931 million shares in the second quarter, maintaining 8.7512 million shares, which represents 1.95% of the fund's net value, ranking as the tenth largest holding [2] - The estimated floating loss for today is approximately 5.0757 million CNY [2] Fund Performance - Dacheng Strategy Return Mixed A (090007) was established on November 26, 2008, with a latest scale of 3.533 billion CNY [2] - Year-to-date return is 13.67%, ranking 5344 out of 8226 in its category; the one-year return is 18.8%, ranking 4363 out of 8099; and since inception, the return is 871.65% [2] - The fund manager, Xu Yan, has a tenure of 13 years and has managed assets totaling 19.367 billion CNY, with the best return during the tenure being 152.72% and the worst being -0.45% [2]

Group 1: Financial Events and Policies - The 2025 Financial Street Forum Annual Meeting is taking place from October 27 to 30 in Beijing, with key speeches from the Governor of the People's Bank of China, the head of the Financial Regulatory Administration, and the Chairman of the China Securities Regulatory Commission [2][3] - The People's Bank of China will conduct a 900 billion yuan Medium-term Lending Facility (MLF) operation on October 27, with a one-year term [3][5] - The State Council's report on financial work emphasizes the need for a moderately loose monetary policy to support the real economy and create a favorable financial environment [3] Group 2: Company Earnings Reports - WuXi AppTec reported a net profit of 12.076 billion yuan for the first three quarters, a year-on-year increase of 84.84% [4] - Cambridge Technology's net profit for the first three quarters increased by 70.88% year-on-year [5] - Weicai Technology achieved a net profit of 202 million yuan for the first three quarters, marking a 226.41% year-on-year growth [5] - Guosheng Financial Holdings reported a net profit of 242 million yuan for the first three quarters, up 191.21% year-on-year [6] - Shen Shen Fang A's net profit surged by 2791.57% year-on-year for the first three quarters, reaching 14.5 million yuan [6] - Several companies, including Morning Light Biotechnology and Wen Tai Technology, reported significant year-on-year profit increases of 385.3% and 265.09%, respectively [6][12] Group 3: Company Losses and Declines - Jing Sheng Machinery reported a net profit decline of 69.56% for the first three quarters [9] - China Shenhua's net profit decreased by 10% year-on-year, amounting to 39.052 billion yuan [8] - Health Yuan and Ping An Bank experienced net profit declines of 1.83% and 3.5%, respectively, for the first three quarters [8]

Core Viewpoint - The company reported a decline in net profit for the third quarter, primarily due to foreign exchange losses and decreased gross margins in the recycled lead business, as well as reduced fair value gains from investments due to market fluctuations [4]. Financial Data - The financial report for the third quarter is unaudited, and the company emphasizes the accuracy and completeness of the financial information provided [3][9]. - The report indicates that the net profit has decreased compared to the same period last year, influenced by operational losses and non-operational losses [4]. Shareholder Information - The company confirms that there are no changes in the major shareholders or significant fluctuations in shareholding due to stock lending activities [7]. Board Meeting - The board meeting was held on October 24, 2025, with all members present, and the resolution to approve the third-quarter report was passed unanimously [15][17].

Core Viewpoint - Camel Group (骆驼股份) reported a revenue increase in Q3 but faced a significant decline in net profit, indicating challenges in operational performance despite growth in sales [1][2] Group 1: Financial Performance - In Q3, Camel Group achieved a revenue of 4.147 billion yuan, a year-on-year increase of 8.95%, with a cumulative revenue of 12.142 billion yuan, up 7.14% year-on-year [1] - The net profit attributable to shareholders in Q3 was 87 million yuan, down 49.81% year-on-year, while the cumulative net profit reached 619 million yuan, an increase of 26.95% [1] - The decline in Q3 net profit was attributed to both operational and non-operational losses, including reduced exchange gains due to currency fluctuations and a decrease in gross margin for the recycled lead business [1] Group 2: Product Performance - Camel Group's main products, low-voltage lead-acid batteries and lithium batteries, saw an increase in gross margins year-on-year, with stable growth in lead-acid battery sales [2] - The sales of low-voltage lithium batteries doubled by the end of Q3, reflecting a strong growth trend [2] - The company experienced explosive growth in the sales of lithium batteries for parking air conditioning, with a nearly 50-fold increase in demand for commercial vehicle lithium battery products [2]

每经AI快讯，骆驼股份（SH 601311，收盘价：10.79元）10月24日晚间发布公告称，公司第十届第五次 董事会会议于2025年10月24日以现场加通讯方式召开。会议审议了《关于骆驼集团股份有限公司2025年 第三季度报告的议案》等文件。 每经头条（nbdtoutiao）——中国创新药，今年海外授权已卖出800亿美元！对话创东方投资合伙人卢 刚：生物医药二级市场火热，一级市场为何募资遇冷？ （记者 张明双） 截至发稿，骆驼股份市值为127亿元。 2024年1至12月份，骆驼股份的营业收入构成为：铅酸蓄电池占比79.86%，再生铅占比15.75%，锂电池 占比2.59%，其他占比1.79%。 ...

Core Insights - The company reported a revenue of 12.142 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 7.14% [1] - The net profit attributable to shareholders reached 619 million yuan, showing a year-on-year increase of 26.95% [1] - The non-recurring net profit was 478 million yuan, which reflects a slight year-on-year decline of 0.87% [1] - The basic earnings per share stood at 0.53 yuan [1]