通过天眼查大数据分析，北京海博思创科技股份有限公司共对外投资了34家企业，参与招投标项目312 次，知识产权方面有商标信息72条，专利信息371条，此外企业还拥有行政许可5个。 来源：金融界 资金流向方面，今日主力资金净流出2251.67万元，占比成交额10.36%。其中，超大单净流出885.08万 元、占成交额4.07%，大单净流出1366.58万元、占成交额6.29%，中单净流出流入1402.75万元、占成交 额6.45%，小单净流入848.91万元、占成交额3.91%。 海博思创最新一期业绩显示，截至2025一季报，公司营业总收入15.48亿元、同比增长14.86%，归属净 利润9385.72万元，同比减少40.62%，扣非净利润7849.47万元，同比减少51.45%，流动比率1.418、速动 比率1.237、资产负债率64.61%。 金融界消息 截至2025年8月11日收盘，海博思创（688411）报收于92.81元，上涨4.87%，换手率 6.15%，成交量2.33万手，成交金额2.17亿元。 天眼查商业履历信息显示，北京海博思创科技股份有限公司，成立于2011年，位于北京市，是一家以从 事计算机 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [1] Core Insights - The domestic large storage enterprises are consolidating their global market position, with the launch of bidding for Shandong Document No. 136 [1] - The wind power index increased by 2.89%, outperforming the CSI 300 index by 1.66 percentage points [4][11] - The overall price-to-earnings ratio (PE TTM) for the wind power index is currently 21.24 times [4][11] Summary by Sections Wind Power - The U.S. has paused all new offshore wind power project developments, affecting over 3.5 million acres of previously designated areas [5][10] - The GWEC predicts a 48% reduction in the forecast for new offshore wind installations in the U.S. from 2025 to 2029, now estimated at 5.8 GW [5][10] - Domestic demand for wind power remains high, improving overall supply-demand conditions and corporate profitability [6] Solar Power - The Shandong Development and Reform Commission has initiated bidding for new energy pricing mechanisms, with a total scale of 9.467 billion kWh for wind and solar projects [5][6] - The solar power segment's overall PE ratio is approximately 34.33 times [4] Energy Storage & Hydrogen - Tesla leads the global battery energy storage system integrators with a 15% market share, followed closely by Sungrow with 14% [6] - The report highlights the growing competitiveness of Chinese enterprises in the global energy storage market [6] - Investment opportunities are identified in overseas non-U.S. large storage markets, particularly for companies like Sungrow and Haibo [6] Investment Recommendations - For wind power, focus on domestic demand growth and potential breakthroughs in offshore wind technology, recommending companies like Mingyang Smart Energy and Goldwind [6] - In solar power, structural opportunities are suggested, with recommended stocks including Dier Laser and LONGi Green Energy [6] - For energy storage, companies with strong global competitiveness and low valuations are recommended, such as Sungrow and Haibo [6] - In hydrogen, companies involved in green hydrogen project investments are highlighted, with a focus on Jidian [6]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the listed companies in the other power equipment industry, the total salary for secretaries amounted to 23.7069 million yuan, with an average salary of 817,500 yuan [1] - The highest-paid company secretary in the industry is Gao Shuqing from Haibo Sichuang, earning 2.95 million yuan, significantly surpassing the second-highest, Lin Tao from Kehua Data, who earns 1.39 million yuan, making Gao's salary 3.6 times the industry average [1] Industry Summary - The report includes data on 29 listed companies in the other power equipment sector, detailing their secretaries' salaries and educational backgrounds [2] - The salary changes for key company secretaries in the sector show significant variations, with some experiencing substantial increases, such as Feng Zhiyong from Tonghe Technology, whose salary rose by 53.47% to 1.1507 million yuan [2] - Other notable salaries include Wang Tao from Maigemi Te at 1.1426 million yuan and Hu Tianshun from Shenghong Co. at 1.1 million yuan, with both showing modest salary changes [2]

Group 1 - The establishment of Xinbochuang (Beijing) International Holdings Co., Ltd. has been reported, with a registered capital of 20 million yuan [1] - The company’s business scope includes information system integration services, IoT technology services, energy-efficient technology research and development in the power industry, and big data services [1] - The company is jointly owned by Hainan Xinbochuang Energy Technology Co., Ltd. and Hebei Xiong'an Huichu Energy Technology Co., Ltd., a wholly-owned subsidiary of Haibo Sichuang (688411) [1]

Summary of Haibo's Conference Call Company Overview - Haibo focuses on energy storage system integration, covering power side, grid side, and user side, with self-developed EMS and operation & maintenance products [2][3] - The company has achieved a revenue growth of 117% over the past four years, with sustained high profit growth [2][3] Core Insights and Arguments - **Market Dynamics**: The domestic energy storage market is transitioning from mandatory to market-based allocation, leading to uncertain demand. However, data since Q3 indicates that energy storage demand will continue to grow through 2025 [2][5] - **Profitability**: Haibo's gross margin for energy storage systems has slightly declined but remains above the industry average, benefiting from a favorable domestic market and expansion into high-margin overseas markets [5][11] - **Independent Storage Growth**: The proportion of independent energy storage has significantly increased, with a gradual formation of a spot trading model and the introduction of capacity pricing policies, providing important revenue models [2][6] - **Strategic Partnerships**: Collaborations with Ningde and Yiwei have enabled Haibo to secure better pricing and rebate mechanisms, contributing to the lowest expense ratio in the industry [3][9] Overseas Market Expansion - Haibo has successfully entered overseas markets, with rapid growth in Europe, the Middle East, Australia, and Latin America. The company has signed supply agreements and received multiple GWh-level project orders [10][11] - Price differences across regions are notable, with gross margins in the U.S. potentially reaching over 35%, while Europe and Australia maintain around 30% [11][12] Future Growth and Profitability - Haibo's domestic profitability is stable at approximately 0.03 CNY per watt. If overseas business reaches 10% of total revenue with a profit of 0.1 CNY per watt, overall profitability could double [12][13] - The company anticipates that by 2026, overseas business will exceed 10% of total revenue, significantly enhancing unit profitability elasticity [13] Additional Important Points - Haibo is actively pursuing excess revenue sharing models and AI collaborations to strengthen its competitive edge [2][6] - The company plans to focus on operation and maintenance services as a key growth area, with overseas operations becoming an important revenue source [8][10] - The stable pricing system and refined management capabilities in the domestic market contribute to Haibo's competitive advantage [9]

Group 1 - The core viewpoint of the collaboration between Paradigm Group and Haibo Technology is to establish a joint venture focusing on the "AI + Energy Storage" sector, marking a significant step in the deep application of AI in energy storage [1][2] - Paradigm Group will leverage its advanced AI capabilities, including AI Agent and world model capabilities, to enhance energy storage systems with unprecedented intelligence, optimizing charging and discharging strategies for maximum economic benefits [1][2] - The partnership aims to integrate Paradigm Group's AI insights with Haibo Technology's energy storage hardware, creating a closed-loop intelligent management system from perception to decision-making and execution [1][2] Group 2 - Haibo Technology will provide comprehensive support for the joint venture, utilizing its expertise in the entire lifecycle management of energy storage systems, which is crucial for the AI-driven energy revolution [2] - The collaboration is not merely a technical addition but a deep synergy aimed at addressing the core challenges that hinder large-scale development in energy storage [2] - The leaders of both companies believe that the integration of energy storage technology and AI algorithms will create a synergistic effect, achieving greater outcomes than the sum of their parts [2][3] Group 3 - Paradigm Group's founder emphasizes that while the new energy industry has vast potential, its natural volatility and system complexity pose significant challenges, which can be addressed through dual-core driving: energy storage as the physical foundation and AI as the digital decision-making hub [3] - The collaboration is viewed as a critical step towards the digitalization of the energy storage industry, with expectations that "AI + Energy Storage" will significantly accelerate the global energy transition process [3]

合资公司的成立标志着"AI+储能"技术融合将在该集团和海博思创的共同努力下迈向新的高度，在技 术、应用场景及产业生态等方面实现深度探索与创新性突破。依托海博思创在储能系统研发、生产及全 生命周期管理领域的技术实践，结合集团在AI Agent+世界模型、机器学习平台以及智慧能源领域的领 先技术，该集团与海博思创将在电力交易、储能电站资产运营管理等领域推进合作，针对多场景应用展 开探索，共同推动储能领域人工智能技术的全面应用，通过"AI+储能"的深度融合，助力储能系统全流 程全周期智能化升级。 本文源自：智通财经网 智通财经获悉，第四范式(06682)早盘涨近4%，截至发稿，涨2.95%，报55.8港元，成交额1.92亿港元。 消息面上，第四范式发布公告，于2025年8月4日，该公司与北京海博思创科技股份有限公司(海博思创) 订立合资协议，内容有关(其中包括)成立合资公司。建议合资公司名称为能量晶体(北京)科技有限公司 (暂定名，最终以市场监督管理局审核为准)。合资公司将主要从事电力交易方向的AI技术服务。于成立 时，该公司将持有合资公司19%的股权，其财务业绩将不会并入该集团综合财务报表中。该公司和海博 思创将 ...

本文源自：财华网 【财华社讯】第四范式(06682.HK)公布，于2025年8月4日，公司与海博思创订立合资协议，双方拟将成 立合资公司。建议合资公司名称为能量晶体(北京)科技有限公司(暂定名，最终以市场监督管理局审核为 准)。合资公司将主要从事电力交易方向的AI技术服务。合资公司的成立标志着AI+储能;技术融合将在 集团和海博思创的共同努力下迈向新的高度，在技术、应用场景及产业生态等方面实现深度探索与创新 性突破。 公司将持有合资公司19%的股权，其财务业绩将不会并入集团综合财务报表中。公司和海博思创将于可 行情况下尽快成立合资公司。 ...

消息面上，第四范式发布公告，于2025年8月4日，该公司与北京海博思创科技股份有限公司(海博思创) 订立合资协议，内容有关(其中包括)成立合资公司。建议合资公司名称为能量晶体(北京)科技有限公司 (暂定名，最终以市场监督管理局审核为准)。合资公司将主要从事电力交易方向的AI技术服务。于成立 时，该公司将持有合资公司19%的股权，其财务业绩将不会并入该集团综合财务报表中。该公司和海博 思创将于可行情况下尽快成立合资公司。 合资公司的成立标志着"AI+储能"技术融合将在该集团和海博思创的共同努力下迈向新的高度，在技 术、应用场景及产业生态等方面实现深度探索与创新性突破。依托海博思创在储能系统研发、生产及全 生命周期管理领域的技术实践，结合集团在AI Agent+世界模型、机器学习平台以及智慧能源领域的领 先技术，该集团与海博思创将在电力交易、储能电站资产运营管理等领域推进合作，针对多场景应用展 开探索，共同推动储能领域人工智能技术的全面应用，通过"AI+储能"的深度融合，助力储能系统全流 程全周期智能化升级。 第四范式(06682)早盘涨近4%，截至发稿，涨2.95%，报55.8港元，成交额1.92亿港元。 ...

合资公司的成立标志着「AI+储能」技术融合将在本集团和海博思创的共同努力下迈向新的高度，在技术、应用场景及产业生态等方面实现深度探索与创新 性突破。 依托海博思创在储能系统研发、生产及全生命周期管理领域的技术实践，结合第四范式在AI Agent+世界模型、机器学习平台以及智慧能源领域的领先技 术，第四范式与海博思创将在电力交易、储能电站资产运营管理等领域推进合作，针对多场景应用展开探索，共同推动储能领域人工智能技术的全面应用， 通过「AI+储能」的深度融合，助力储能系统全流程全周期智能化升级。 随着第四范式与海博思创之间合作的推进，双方将携手探索「AI+储能」的科技边界，为储能全业务链注入高度智能化能力，为全球能源可持续发展提供 「中国方案」。综上所述，第四范式认为，合资协议的条款及其项下拟进行之交易乃按正常商业条款进行，属公平合理，且符合本公司及本公司股东之整体 利益。 8月4日，第四范式发布公告称，当日公司与北京海博思创科技股份有限公司（海博思创）订立合资协议，内容有关成立合资公司。建议合资公司名称为能量 晶体（北京）科技有限公司（暂定名）。 合资公司将主要从事电力交易方向的AI技术服务。于成立时，第四范 ...