格隆汇12月19日丨骆驼股份(601311.SH)在投资者互动平台表示，公司目前没有开展新能源汽车动力电 池业务。 ...

骆驼股份（601311.SH）12月19日在投资者互动平台表示，公司已完成低空飞行器低压电源的技术储备 及电池模块分析体系建设等工作，该业务与现有汽车低压电源业务具有协同效应。后续公司将视市场情 况，加快相关产品的市场化工作。 （记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：如今无人机发展迅速，而无人机需要电池，贵公司是 电池龙头企业，是否有研发无人机所需要的电池设备？ ...

Core Viewpoint - The China Securities 1000 Value ETF (562530) opened down 1.00% at 1.286 yuan, reflecting market volatility and performance of its underlying assets [1] Group 1: ETF Performance - The China Securities 1000 Value ETF (562530) has a performance benchmark based on the China Securities Intelligent Selection 1000 Value Steady Strategy Index [1] - Since its inception on July 28, 2022, the fund has achieved a return of 29.92% [1] - The fund's return over the past month has been -2.91% [1] Group 2: Top Holdings - Key holdings in the ETF include: - Shangfeng Cement, which opened up 0.82% [1] - Mingtai Aluminum, which decreased by 0.07% [1] - Camel Group, which increased by 0.56% [1] - Oriental Tower, which rose by 0.06% [1] - CIMC Vehicles, which fell by 0.48% [1] - Yingqu Technology, which gained 1.12% [1] - Changjiang Media, which decreased by 0.11% [1] - Sifang Holdings, which increased by 1.34% [1] - Mulinsen, which fell by 0.22% [1] - Jiahua Energy, which rose by 0.24% [1]

Core Viewpoint - The logistics transportation industry is entering its peak season, highlighting the importance of reliable battery systems for truck drivers, who rely on stable power supply for comfort and efficiency in their mobile homes [1]. Group 1: Product Features - The Camel Armor battery series is designed specifically for high-intensity transportation scenarios, providing a reliable power source for truck drivers [1]. - The Duralife technology used in Camel Armor batteries enhances durability and conductivity, resulting in a 15% increase in battery capacity, allowing for approximately 1 additional hour of power under the same load [2]. - The introduction of "super conductive electrolyte technology" improves charging efficiency by 20%, enabling quick recovery of battery power after 3-4 hours of vehicle operation [2]. Group 2: Quality and Service - The Camel Armor K series meets the European V4 standard for vibration resistance, ensuring stable performance under extreme conditions such as long-distance travel and continuous operation [4]. - The company offers nationwide support through over 110,000 service locations, ensuring convenient after-sales service and timely responses regardless of the vehicle's location [4]. - The Camel Armor battery series aims to provide enhanced endurance, faster charging, and stable performance, supporting truck drivers during the busy logistics season [4].

Group 1 - The company has been promoting its energy storage business for the past four years, but there has been no noticeable improvement in performance despite significant investment [1] - The company stated that it is operating steadily based on internal and external environments and has been developing battery cells, BMS/EMS, system integration, and domestic and international channel layouts [1] - The large storage products are primarily targeted at power companies, while small storage products are mainly sold overseas [1] Group 2 - In the first three quarters, the company focused on its core business of low-voltage power sources for vehicles, achieving a net profit of approximately 622 million yuan, representing a year-on-year increase of about 22.7% [1]

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].