中证2000ETF增强（159556）业绩比较基准为中证2000指数收益率，管理人为平安基金管理有限公司， 基金经理为李严，成立（2023-12-27）以来回报为16.09%，近一个月回报为-3.86%。 12月17日，中证2000ETF增强（159556）开盘跌0.94%，报1.154元。中证2000ETF增强（159556）重仓 股方面，华建集团开盘涨0.00%，德科立涨0.06%，旭光电子跌0.06%，北化股份涨0.43%，电气风电跌 0.19%，鑫科材料跌1.25%，嘉元科技涨0.82%，宏景科技涨0.00%，永鼎股份涨1.48%，福日电子涨 0.00%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 ...

Investment Ratings - The report maintains a "Buy" rating for both the power equipment and environmental protection sectors [1]. Core Views - The Central Economic Work Conference emphasizes the application of green electricity and promotes the development of hydrogen, ammonia, methanol, and energy storage, indicating a positive outlook for investment opportunities in green energy sectors in 2026 [3]. - Domestic energy storage saw significant growth in November, with newly installed capacity reaching 4.51GW/13.03GWh, reflecting a month-on-month increase of 57.14% in power and 74.66% in capacity [3][7]. - The report highlights the importance of hydrogen and green fuels as new growth points, with expectations for increased investment in these areas due to supportive policies and market conditions [4]. Summary by Sections Energy Storage - Domestic energy storage is experiencing a boom, with November's new installations showing a 45.95% year-on-year increase in power and a 49.6% increase in capacity [3][7]. - The report anticipates that independent energy storage tenders will maintain a good level in 2026, supported by a complete revenue model through energy markets and auxiliary services [3]. Hydrogen and Green Fuels - The report suggests that hydrogen and methanol will play a crucial role in the non-electric applications of green electricity, with significant investment expected in these areas [4]. - The development of zero-carbon parks and factories is also highlighted as a key initiative for 2026 [3]. Wind Power - The report notes that in 2024, onshore wind power installations are expected to reach 75.8GW, a year-on-year increase of 9.68%, while offshore wind installations are projected to be 4.0GW, a decrease of 40.85% [8]. - The bidding capacity for wind power equipment in 2024 is expected to be 164.1GW, a 90% increase year-on-year [13]. Lithium Battery - The report indicates that the demand for lithium batteries remains strong, with December's retail sales of new energy vehicles expected to show a bright performance despite a year-on-year decline of 17% [19]. - The supply chain for lithium batteries is expected to stabilize, with ongoing negotiations for long-term contracts and price adjustments [22][23].

Core Viewpoint - The lithium battery industry is experiencing significant price increases and supply chain adjustments due to rising raw material costs and strong demand, particularly in the energy storage and electric vehicle sectors [3][4][5]. Industry Trends - Dejia Energy announced a 15% price increase for its battery products starting December 16 due to rising production costs from upstream raw materials [3]. - Contemporary Amperex Technology Co., Ltd. (CATL) and other leading companies are securing long-term agreements to lock in upstream capacity and supply chains, emphasizing the importance of capacity acquisition for future growth [3][4]. - The lithium battery supply chain is currently characterized by a "full production and sales" state, with companies like Penghui Energy and Tianji Co. reporting strong demand and rising prices for their products [4]. Market Demand - Global power battery installation reached 811.7 GWh in the first three quarters of this year, a 34.7% increase from the previous year, while the energy storage market saw a 90.7% year-on-year growth [5]. - The rapid growth in renewable energy installations and the expansion of AI data centers are driving increased demand for energy storage solutions [5]. Long-term Contracts - The industry is witnessing a surge in long-term contracts, with significant agreements such as a 10-year strategic partnership between Haibosi and CATL for a minimum of 200 GWh of procurement [6]. - Other notable contracts include a collaboration between Hicharge Energy and CRRC Zhuzhou Electric Locomotive Research Institute for at least 120 GWh of energy storage products [6]. Price Dynamics - The price of battery-grade lithium carbonate has surged to 92,750 RMB per ton, a 23% increase from the previous month, while the price of lithium hexafluorophosphate has exceeded 180,000 RMB per ton [4]. - The tight supply and high demand have led to longer delivery times, with some companies reporting that delivery schedules extend into the first half of next year [4]. Technological Advancements - The industry is undergoing a "quality upgrade" driven by technological advancements, with companies like CATL launching fifth-generation lithium iron phosphate batteries that improve energy density and cycle life [9][10]. - High-density lithium iron phosphate products are becoming a focus, with expectations that their market share will increase significantly by 2026 [9]. Capacity Expansion - Companies are accelerating capacity expansion to meet growing demand, with Fulin Precision Engineering planning to invest 4 billion RMB to build a new production line for lithium iron phosphate [8]. - Dragon Power Technology is also raising funds to expand production capacity in response to customer needs [8]. Globalization Efforts - Leading companies are pursuing global expansion strategies, with firms like Hunan YN planning production capacity in Spain and Dragon Power Technology nearing full production at its Indonesian facility [10]. - The industry is shifting from scale competition to value competition, aiming for high-quality development as new products are launched and recycling systems are improved [10].

铜价在前一日创下历史新高后跳水。数据显示，截至12月9日下午，LME铜期货价格跌逾1%，沪铜主力 合约跌1.46%，收盘价报9.11万元/吨。铜产业指数跌2.41%，江西铜业（600362）跌6.06%，精艺股份 （002295）跌5.43%，铜陵有色（000630）跌5.03%，云南铜业（000878）、西部矿业（601168）、白 银有色（601212）均跌超4%。 11月28日以来，铜价再度走强，不断创下历史新高，带动A股相关概念板块表现活跃。截至12月9日， 11月28日以来盛屯矿业（600711）累计上涨17.36%，江西铜业累计上涨13.96%，精艺股份累计上涨 13.87%，西部矿业累计上涨10.53%，嘉元科技累计上涨10.21%，紫金矿业（601899）累计上涨6.29%。 供应端持续偏紧是推动铜价上涨的核心因素。华鑫证券分析称，多家矿企下调中期产量预期，LME库 存周内出现大量注销仓单请求。在亚洲铜业周上，智利国家铜业公司(Codelco)向中国部分买家提出2026 年度长单阴极铜升水335美元/-350美元/吨的合同报价，较2025年度大幅上涨，显示全球铜供应紧张预期 持续升温。与此同时 ...

12月7日，由上海证券报·中国证券网主办的2025上证（巢湖）上市公司高质量发展大会在安徽合肥举行。会议期间进行了2025"上证鹰·金质量"颁奖仪式。 嘉元科技董事长廖平元荣获2025"上证鹰·金质量"卓越企业家奖。 上证报中国证券网讯（李子健 记者 周亮）12月7日，由上海证券报·中国证券网主办的2025上证（巢湖）上市公司高质量发展大会在安徽合肥举行。会议 期间进行了2025"上证鹰·金质量"颁奖仪式。嘉元科技董事长廖平元荣获2025"上证鹰·金质量"卓越企业家奖。 "上证鹰·金质量"奖是国内上市公司领域最具权威和影响力的奖项之一。本次评选通过聚焦在高质量发展上勇于担当的市场经营主体，表彰业绩突出的上 市公司与管理者，进一步助力中国资本市场高质量发展。 公开资料显示，嘉元科技坚持实体经济为本，制造业当家，全力推动企业发展，目前公司拥有6个铜箔生产基地，产能达到13万吨，2025年前三季度营收 65.40亿元，同比增长50.71%。 ...

两融数据显示，该股最新融资余额为9.45亿元，近5日减少2959.63万元，降幅为3.04%。（数据宝） 12月8日嘉元科技大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 13.00 | 390.00 | 30.00 | -22.82 | 红塔证券股份有限公司 | 中信证券（山东）有限责任 | | | | | | 郑州未来路证券营业部 | 公司郑州黄河路证券营业部 | （文章来源：证券时报网） 嘉元科技12月8日大宗交易平台出现一笔成交，成交量13.00万股，成交金额390.00万元，大宗交易成交 价为30.00元，相对今日收盘价折价22.82%。该笔交易的买方营业部为红塔证券股份有限公司郑州未来 路证券营业部，卖方营业部为中信证券（山东）有限责任公司郑州黄河路证券营业部。 进一步统计，近3个月内该股累计发生4笔大宗交易，合计成交金额为1109.70万元。 证券时报·数据 ...

12月8日，嘉元科技大宗交易成交13万股，成交额390万元，占当日总成交额的0.5%，成交价30元，较 市场收盘价38.87元折价22.82%。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额[万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 025-12-08 | 墓元科技 | 688388 | 0 390 30 | 13 | 公開產品美貿露 | 甜静,漫画 | | ya | ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-104 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于公司非独立董事离任暨选举职工代表董事 及聘任副总裁的公告 本公司董事会及全体董事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、准确性和完整性依法承担法律责任。 一、董事离任情况 （一）提前离任的基本情况 广东嘉元科技股份有限公司（以下简称"公司"）第五届董事会于近日收到 公司非独立董事叶敬敏先生提交的书面辞职报告，因公司治理结构调整需要，叶 敬敏先生申请辞去公司非独立董事职务，辞去上述职务后将继续在公司担任副总 裁职务，其辞职报告自送达公司董事会之日生效。具体情况如下： | | 离任职 | | | 原定任期 | | | 是否继续在上 | 具体职 | 是否存在未 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 务 | 离任时间 | | 到期日 | | 离任原因 | 市公司 ...

今年以来嘉元科技已经1次登上龙虎榜，最近一次登上龙虎榜为9月10日，当日龙虎榜净买入1.73亿元； 买入总计4.60亿元 ，占总成交额比16.73%；卖出总计2.87亿元 ，占总成交额比10.45%。 12月2日，嘉元科技盘中上涨2.06%，截至09:54，报35.70元/股，成交6986.19万元，换手率0.47%，总市 值152.17亿元。 资金流向方面，主力资金净流入55.35万元，特大单买入424.88万元，占比6.08%，卖出422.80万元，占 比6.05%；大单买入1408.65万元，占比20.16%，卖出1355.37万元，占比19.40%。 嘉元科技今年以来股价涨142.36%，近5个交易日涨1.08%，近20日跌10.39%，近60日涨26.82%。 分红方面，嘉元科技A股上市后累计派现4.96亿元。近三年，累计派现1.74亿元。 机构持仓方面，截止2025年9月30日，嘉元科技十大流通股东中，香港中央结算有限公司位居第九大流 通股东，持股341.73万股，相比上期减少659.18万股。 责任编辑：小浪快报 资料显示，广东嘉元科技股份有限公司位于广东省梅州市梅县区雁洋镇文社村，成立日期20 ...

Core Viewpoint - The report highlights the challenges faced by the lithium battery industry due to intense competition leading to price declines that have surpassed cash costs for many companies [1][2]. Industry Overview - The lithium battery supply chain has seen significant expansion, with market shares for domestic anode, cathode, electrolyte, and separator materials projected to reach 90%, 97%, 85%, and 83% respectively by the end of 2024 [1][2]. - Financially, the net profit margins for various materials in Q4 2024 are concerning, with cathode materials at -2.2%, anode materials at 1.9%, separators at -22%, electrolytes at 0.6%, and copper foil at -4.2%, indicating widespread losses across the industry [2]. Government and Industry Response - The Ministry of Industry and Information Technology (MIIT) has organized discussions to address irrational competition in the battery sector, emphasizing the need for policy measures to regulate capacity and enhance product quality [1][3]. - Industry associations have held multiple meetings to combat internal competition, fostering a consensus among companies to improve the situation [3]. Market Outlook - There is optimism for price increases and performance recovery, as processing fees for key materials have risen significantly, with increases of 215% for lithium hexafluorophosphate and 245% for vinyl carbonate since the second half of the year [3]. - The production of battery cells and materials has shown a positive trend, with a 7% month-on-month increase in November for cell production and a 2-3% increase for material production, driven by demand recovery [3]. Investment Recommendations - The report suggests a positive outlook for the industry, recommending investments in segments with strong certainty and potential for growth, particularly in electrolytes, additives, copper foil, and lithium iron phosphate [4]. - Specific companies to watch include Huasheng Lithium Battery, Jiayuan Technology, Putailai, and others, indicating a focus on firms positioned to benefit from the anticipated recovery [4].