Core Viewpoint - The company, GoodWe, has shown significant stock performance and financial growth, with a notable increase in revenue and net profit year-over-year, indicating strong market positioning in the photovoltaic inverter sector. Group 1: Stock Performance - On January 20, GoodWe's stock price decreased by 2.00% to 73.33 CNY per share, with a trading volume of 242 million CNY and a turnover rate of 1.33%, resulting in a total market capitalization of 17.819 billion CNY [1] - Year-to-date, GoodWe's stock has increased by 18.03%, with a 3.34% rise over the last five trading days, 24.63% over the last 20 days, and 31.51% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, GoodWe achieved a revenue of 6.194 billion CNY, representing a year-over-year growth of 25.30%, while the net profit attributable to shareholders was 811.198 million CNY, reflecting a substantial increase of 837.57% [2] Group 3: Shareholder Information - As of September 30, 2025, GoodWe had 18,700 shareholders, an increase of 17.17% from the previous period, with an average of 12,972 circulating shares per shareholder, down by 14.59% [2] - Since its A-share listing, GoodWe has distributed a total of 538 million CNY in dividends, with 327 million CNY distributed over the past three years [3] - The top ten circulating shareholders include notable funds, with some experiencing a decrease in holdings, such as HSBC Jintrust Low Carbon Pioneer Stock A and Hong Kong Central Clearing Limited [3]

Core Viewpoint - The company has established stable business channels in major overseas markets, particularly in Europe, and is focused on enhancing its international operations and customer service capabilities [1] Group 1: International Expansion - The company has set up subsidiaries in Germany, the UK, the Netherlands, Poland, and Spain to strengthen its marketing and service capabilities in the European market [1] - The company is planning service points in other countries and regions based on local industry laws, regulations, and market needs [1] Group 2: Sales Strategy - The company's sales strategy combines direct sales and distribution channels to optimize its market reach [1] - The European business revenue accounts for approximately 14% of the company's total operating income, as disclosed in the 2024 annual report [1]

Core Viewpoint - Technological innovation is a crucial driving force for the sustainable development of the energy storage industry, impacting various sectors such as large-scale battery cells, long-duration energy storage, and grid-connected energy storage [2]. Group 1: Technological Innovation in Energy Storage - China's investment in energy storage technology and talent has been steadily increasing, with R&D spending expected to reach nearly 100 billion yuan by 2025, nearly doubling from five years ago [2]. - The number of R&D personnel has surpassed 200,000, and the number of patents has exceeded 100,000, indicating a growing foundation and strength in technological innovation [2]. - The competitive landscape is characterized by intense price wars, which may hinder R&D investments and innovation momentum in the technology sector [2]. Group 2: Future Competitiveness of Enterprises - The 24潮产业研究院 (TTIR) emphasizes that only companies with global layout capabilities, strong market expansion, financial health, and significant brand influence will have the potential for sustainable growth [3]. - Starting in 2026, TTIR will release a ranking of the top 10 Chinese energy storage companies based on their technological innovation capabilities across seven primary dimensions and 20 secondary dimensions [3]. Group 3: Ranking of Technological Innovation - The ranking will assess companies based on R&D investment, foundational strength, innovation outcomes, commercial promotion capabilities, product competitiveness, achievements, and leading layouts [4]. - The scoring breakdown for the ranking includes 45% for R&D investment, 15% for foundational strength, 10% for innovation outcomes, and various other dimensions [4]. Group 4: Top 10 Energy Storage Companies by Innovation - The top-ranked companies for technological innovation include BYD, CATL, and Sungrow, with scores reflecting their R&D investment, innovation outcomes, and product competitiveness [7]. - BYD scored 87.49, followed by CATL with 81.90, and Sungrow with 81.00, showcasing their leadership in the energy storage sector [7]. Group 5: Detailed Scoring Metrics - The detailed scoring metrics for R&D investment show that BYD leads with a score of 95.42, while CATL and Sungrow follow with scores of 83.12 and 78.33, respectively [9]. - In terms of innovation outcomes, Sungrow leads with a score of 86.88, followed closely by BYD and CATL [11]. - The foundational strength scores indicate that Sungrow also leads in R&D personnel metrics, highlighting its commitment to innovation [13].

证券代码：688390 证券简称：固德威 公告编号：2026-007 固德威技术股份有限公司董事会薪酬与考核委员会 关于公司 2026 年限制性股票激励计划首次授予部分 激励对象名单的公示情况说明及核查意见 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。 固德威技术股份有限公司（以下简称"公司"）于 2026 年 1 月 7 日召开了 第四届董事会第二次会议，审议通过了《关于公司<2026 年限制性股票激励计划 （草案）>及其摘要的议案》等相关议案。根据《上市公司股权激励管理办法》 （以下简称"《管理办法》"）的相关规定，公司对 2026 年限制性股票激励计 划首次授予部分激励对象名单在公司内部进行了公示。公司董事会薪酬与考核委 员会结合公示情况对拟激励对象进行了核查。 一、公示情况及核查方式 1、公司对激励对象的公示情况 公司于 2026 年 1 月 8 日在上海证券交易所网站（www.sse.com.cn）上披露 了公司《2026 年限制性股票激励计划（草案）》（以下简称"《激励计划（草 案）》"）及其摘要、《2026 ...

固德威今年以来股价涨16.56%，近5个交易日跌5.52%，近20日涨23.90%，近60日涨34.48%。 1月14日，固德威盘中上涨2.06%，截至10:00，报72.42元/股，成交2.36亿元，换手率1.35%，总市值 175.98亿元。 资金流向方面，主力资金净流入3319.77万元，特大单买入4528.80万元，占比19.22%，卖出2158.87万 元，占比9.16%；大单买入4955.70万元，占比21.03%，卖出4005.86万元，占比17.00%。 责任编辑：小浪快报 资料显示，固德威技术股份有限公司位于江苏省苏州市高新区塔园路93号，成立日期2010年11月5日， 上市日期2020年9月4日，公司主营业务涉及光伏逆变器等产品的研发、生产、销售。主营业务收入构成 为：户用系统销售45.41%，光伏并网逆变器32.91%，其他产品7.05%，储能电池7.02%，光伏储能逆变 器6.85%，其他(补充)0.76%。 固德威所属申万行业为：电力设备-光伏设备-逆变器。所属概念板块包括：融资融券、中盘、光伏玻 璃、基金重仓、太阳能等。 截至9月30日，固德威股东户数1.87万，较上期增加17.1 ...

Group 1 - The core point of the news is that GCL-Poly Energy Holdings Limited has experienced a decline in stock price, dropping 1.5% to 70.96 CNY per share, with a total market capitalization of 17.243 billion CNY and a cumulative drop of 7.42% over the last four days [1] - GCL-Poly's main business includes the research, production, and sales of photovoltaic inverters, with revenue composition as follows: 45.41% from household systems, 32.91% from grid-connected inverters, 7.05% from other products, 7.02% from energy storage batteries, 6.85% from photovoltaic energy storage inverters, and 0.76% from other sources [1] Group 2 - According to data from the top ten holdings of funds, one fund under Jiao Yin Schroder has a significant position in GCL-Poly, with 6,026 shares held, accounting for 0.49% of the fund's net value, ranking as the sixth largest holding [2] - The fund, Jiao Yin Stable Growth Six-Month Holding Period Mixed A (018198), has a current scale of 57.2692 million CNY and has reported a year-to-date return of 0.68%, ranking 7,882 out of 8,836 in its category [2]

Core Insights - On January 8, 2023, brokerage firms provided target prices for listed companies, with notable increases for GCL-Poly Energy, Haiguang Information, and China Pacific Insurance, showing target price increases of 49.60%, 40.27%, and 29.61% respectively, across the photovoltaic equipment, semiconductor, and insurance industries [1][2]. Group 1: Target Price Increases - GCL-Poly Energy (688390) received a target price of 111.00 yuan, reflecting a 49.60% increase from the latest closing price [2]. - Haiguang Information (688041) has a target price of 339.00 yuan, indicating a 40.27% increase [2]. - China Pacific Insurance (601601) has a target price of 60.85 yuan, showing a 29.61% increase [2]. Group 2: Brokerage Recommendations - On January 8, 30 listed companies received brokerage recommendations, with Jinggong Steel Structure, Helen Zhe, and China Chemical each receiving one recommendation [2]. - One company, Allwinner Technology (300458), had its rating upgraded from "Hold" to "Buy" by Zhongyou Securities [3]. Group 3: Rating Downgrades - Two companies experienced rating downgrades: Haixia Co. (002320) was downgraded from "Buy" to "Hold" by Tianfeng Securities, and Sanhua Intelligent Control (002050) was downgraded from "Buy" to "Hold" by Northeast Securities [4]. Group 4: First-Time Coverage - Seven companies received first-time coverage on January 8, including Jieli Rigging (002342) rated "Hold" by Northeast Securities, and Shenchi Electromechanical (603109) rated "Buy" by CITIC Securities [5]. - Other companies receiving first-time ratings include Chenguang Co. (603899) with a "Recommended" rating, and Jinhua New Materials (920015) with a "Hold" rating [5].

Core Viewpoint - On January 8, 2023, brokerage firms provided target prices for listed companies, with notable increases in target prices for companies in the photovoltaic equipment, semiconductor, and insurance industries, specifically GCL-Poly Energy, Haiguang Information, and China Pacific Insurance, with target price increases of 49.60%, 40.27%, and 29.61% respectively [1][2]. Group 1: Target Price Increases - GCL-Poly Energy (688390) received a target price of 111.00 yuan, reflecting a target price increase of 49.60% from Dongwu Securities [2]. - Haiguang Information (688041) has a target price of 339.00 yuan, with a target price increase of 40.27% from CITIC Securities [2]. - China Pacific Insurance (601601) has a target price of 60.85 yuan, showing a target price increase of 29.61% from Zheshang Securities [2]. Group 2: Brokerage Recommendations - On January 8, 30 listed companies received brokerage recommendations, with Jinggong Steel Structure, Helen Zhe, and China Chemical each receiving one recommendation [2]. - One company, Allwinner Technology (300458), had its rating upgraded from "Hold" to "Buy" by Zhongyou Securities [3]. Group 3: Rating Downgrades - Two companies experienced rating downgrades: Haixia Co., Ltd. (002320) had its rating lowered from "Buy" to "Hold" by Tianfeng Securities, and Sanhua Intelligent Control (002050) had its rating lowered from "Buy" to "Hold" by Northeast Securities [4]. Group 4: First Coverage - Seven companies received initial coverage on January 8, including Jieli Rigging (002342) rated "Hold" by Northeast Securities, Shenchi Electromechanical (603109) rated "Buy" by CITIC Securities, and Chenguang Co., Ltd. (603899) rated "Recommended" by Ping An Securities [5].

Group 1 - On January 8, a total of 9 stocks received buy ratings from brokerages, with 1 stock announcing a target price [1] - Based on the highest target price, Gotion High-Tech ranked first with a potential increase of 49.6% [1] - Among the stocks with buy ratings, 7 maintained their ratings, 1 stock had an upgraded rating, and 1 stock received its first rating [1] Group 2 - The sectors with the highest number of stocks receiving buy ratings include semiconductors and semiconductor production equipment, automotive and automotive parts, and software and services, with 2, 2, and 1 stocks respectively [1]

Core Viewpoint - The National Energy Administration has announced the first batch of pilot projects for enhancing the construction capacity of a new power system, supporting 43 projects across 10 cities to explore new technologies and models in the energy sector [2][11]. Group 1: Pilot Project Directions - The 43 pilot projects cover seven directions: - 4 system-friendly new energy power station projects - 8 grid-structured technology application projects - 7 smart microgrid projects - 2 computing power and electricity collaboration projects - 13 virtual power plant projects - 1 large-scale high-proportion renewable energy delivery project - 8 new-generation coal power projects [2][11]. Group 2: Pilot Project Details - **Grid-Structured Technology Application Projects**: - Includes 8 projects such as the grid-structured energy storage project in Baotou, Inner Mongolia, and the flexible DC transmission project in Zhoushan, Zhejiang [3][13]. - **Smart Microgrid Projects**: - Comprises 7 projects including the smart microgrid project in Jilin Oilfield, Jilin, and the integrated charging and swapping smart microgrid project in Yichang, Hubei [4][14]. - **Computing Power and Electricity Collaboration Projects**: - Features 2 projects, namely the computing power center project in Haidian District, Beijing, and the data center project in Wuhu, Anhui [5][6]. - **Virtual Power Plant Projects**: - Encompasses 13 projects such as the controllable resource adjustment project in Hebei and the virtual power plant project in Suzhou, Jiangsu [7][15]. - **System-Friendly New Energy Power Station Projects**: - Includes 4 projects like the wind-solar-thermal storage integrated system-friendly new energy power station in Huainan, Anhui [8][12]. - **Large-Scale High-Proportion Renewable Energy Delivery Project**: - Involves the ±800 kV UHV DC transmission project from southeastern Tibet to the Guangdong-Hong Kong-Macao Greater Bay Area [9][16]. - **New-Generation Coal Power Projects**: - Comprises 8 projects including the coal power unit projects in Shanxi, Jiangsu, and Hubei [9][15].