Core Viewpoint - The collaboration between Beijing Haibosichuang Technology Co., Ltd. and LEAG Clean Energy Co., Ltd. aims to establish a large-scale energy storage project in Germany, with a capacity of 1.6GWh, positioning it among Europe's significant battery storage facilities [3][5]. Group 1: Project Overview - The project, named "GigaBattery Boxberg 400," is a crucial part of LEAG's "Giga Factory" strategy, which integrates photovoltaic, wind power generation, energy storage, and hydrogen-compatible power plants [5]. - The Boxberg project will utilize Haibosichuang's 4-hour energy storage system solution, based on the proven HyperBlock III product, known for its excellent environmental adaptability and advanced cooling technology [5][6]. Group 2: Strategic Importance - The project supports the regional integration of renewable energy and provides essential grid services such as peak shaving and frequency regulation, thereby enhancing energy supply security in Germany [6]. - LEAG's CEO emphasized that the project will accelerate the "Giga Factory" strategy and contribute to a carbon-neutral energy system, highlighting the indispensable role of battery storage in stabilizing renewable energy supply [6][9]. Group 3: Company Experience and Commitment - Haibosichuang has extensive experience in large-scale storage and commercial storage, having deployed over 45GWh of storage systems across more than 400 projects globally [6][7]. - The company will provide a comprehensive "turnkey" service covering project design, core equipment supply, commissioning, and long-term operational support to ensure high-quality project delivery [6][7]. Group 4: Market Context - The collaboration aligns with Germany's strategic direction to expand large-scale storage capacity, with the government recognizing storage systems as a core component of a secure, economical, and sustainable power system [7]. - The partnership is seen as a benchmark for battery storage deployment in Europe, showcasing the importance of global collaboration in advancing energy transition [9].

Core Insights - The partnership between Haibosichuang International and LEAG Clean Energy aims to develop a large-scale energy storage project in Germany, named "GigaBattery Boxberg 400," with a capacity of 1.6 GWh, positioning it among Europe's major battery storage facilities [1][2] - The project is a key component of LEAG's "Giga Factory" strategy, which focuses on creating a reliable, sustainable, and secure energy supply system in Germany [1][2] - Haibosichuang will implement its 4-hour energy storage system solution, based on the HyperBlock III product, which is designed to operate efficiently under various climate conditions and meets European grid-level storage requirements [1][2] Company and Industry Summary - LEAG's CEO emphasized that the project will accelerate the "Giga Factory" strategy and support the transition to a carbon-neutral energy system, highlighting the essential role of battery storage in stabilizing renewable energy supply [2] - Haibosichuang, a Tier 1 energy storage system solution provider, has established its EMEA headquarters in Frankfurt, Germany, and has deployed over 45 GWh of storage systems across more than 400 projects globally, gaining significant recognition in the international market [2] - The collaboration will provide a comprehensive "turnkey" service covering project design, core equipment supply, commissioning, and long-term operational support, ensuring high-quality project execution [2]

Market Overview - The other power equipment sector experienced a decline of 0.91% on the trading day, with Youyou Green Energy leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - HaLu Heavy Industry (002255) saw a significant increase of 10.04%, closing at 13.92 with a trading volume of 1.48 million shares and a transaction value of 2.02 billion [1] - China Power (600482) increased by 2.11%, closing at 20.82 with a transaction value of 844 million [1] - Youyou Green Energy (301590) led the declines with a drop of 5.84%, closing at 171.88 with a transaction value of 146 million [2] Capital Flow - The other power equipment sector had a net inflow of 206 million from institutional investors, while retail investors experienced a net outflow of approximately 89.9 million [2] - Major stocks like HaLu Heavy Industry and China Power attracted significant institutional investment, while Youyou Green Energy and others saw substantial retail outflows [3]

Core Viewpoint - The collaboration between Beijing Haibo Science and Technology Co., Ltd. and LEAG Clean Energy Co., Ltd. aims to establish a large-scale energy storage project in Germany, with a capacity of 1.6GWh, positioning it among Europe's significant battery storage facilities [1][3]. Group 1: Project Overview - The project, named "GigaBattery Boxberg 400," is a crucial part of LEAG's "Giga Factory" strategic plan, which integrates photovoltaic, wind power generation, energy storage, and hydrogen compatibility into a comprehensive renewable energy hub [3]. - The Boxberg project will utilize Haibo's 4-hour energy storage system solution, based on the mature HyperBlock III product, which has demonstrated excellent environmental adaptability and stability across various climates [5][6]. Group 2: Strategic Importance - The project will support regional renewable energy integration, providing essential grid services such as peak shaving and frequency regulation, thereby enhancing energy supply security in Germany [6]. - LEAG's CEO emphasized that the project will accelerate the "Giga Factory" strategy and is vital for building a carbon-neutral energy system, highlighting the indispensable role of battery storage in stabilizing renewable energy supply [6]. Group 3: Company Background and Capabilities - Haibo Science and Technology is recognized as a Tier 1 energy storage system solution provider, with its EMEA headquarters in Frankfurt, Germany, and has deployed over 45GWh of storage systems across more than 400 projects globally [8]. - The company will offer a full-chain "turnkey" service for the project, covering design, core equipment supply, commissioning, and long-term operational support to ensure high-quality project delivery [8]. Group 4: Market Alignment and Future Commitment - The collaboration aligns with Germany's strategic direction to expand large-scale storage capacity, supported by favorable government policies aimed at building a secure, economical, and sustainable power system [8]. - Both companies expressed their commitment to driving the energy transition in Europe, with LEAG's CEO noting the complementary strengths of both firms in establishing new benchmarks for battery storage deployment [8][10].

Core Viewpoint - Haibo Sichuang's stock price dropped by 5% to 305.89 CNY per share, with a trading volume of 939 million CNY and a turnover rate of 7.90%, resulting in a total market capitalization of 55.088 billion CNY [1] Group 1: Company Overview - Haibo Sichuang Technology Co., Ltd. was established on November 4, 2011, and is located in Haidian District, Beijing [1] - The company focuses on the research, production, and sales of electrochemical energy storage systems, providing a full range of energy storage system products and one-stop overall solutions for various industry clients [1] - The revenue composition of the company is as follows: energy storage systems account for 99.77%, new energy vehicle leasing 0.10%, other (supplementary) 0.07%, and technical services 0.06% [1] Group 2: Shareholder Information - One of the top circulating shareholders of Haibo Sichuang is the Guangfa Fund, which has a fund named Guangfa High-end Manufacturing Stock A (004997) that entered the top ten circulating shareholders in the third quarter, holding 587,900 shares, representing 1.55% of circulating shares [2] - The estimated floating loss for this fund today is approximately 9.4707 million CNY [2] Group 3: Fund Performance - Guangfa High-end Manufacturing Stock A (004997) was established on September 1, 2017, with a latest scale of 4.424 billion CNY, and has achieved a year-to-date return of 16.29%, ranking 3019 out of 4208 in its category [2] - The fund has a one-year return of 2.33%, ranking 3744 out of 3956, and a cumulative return since inception of 50.12% [2] Group 4: Top Holdings - Guangfa Carbon Neutrality Theme Mixed Initiation A (018418) holds 9,062 shares of Haibo Sichuang, making it the tenth largest holding in the fund, accounting for 4.14% of the fund's net value [4] - The estimated floating loss for this fund today is approximately 146,000 CNY [4] Group 5: Fund Manager Information - The fund manager for both Guangfa High-end Manufacturing Stock A (004997) and Guangfa Carbon Neutrality Theme Mixed Initiation A (018418) is Zheng Chengran, who has a cumulative tenure of 5 years and 185 days [3][5] - The total asset scale managed by Zheng Chengran is 13.877 billion CNY, with the best fund return during his tenure being 83.53% and the worst being -49.93% [3][5]

Group 1 - The core transaction on November 18 involved a block trade of 10,300 shares of Haibo Technology, with a transaction value of 2.9766 million yuan, at a price of 288.99 yuan, representing a discount of 10.25% compared to the closing price of the day [2][3] - The buyer of the block trade was Huatai Securities Co., Ltd. Beijing Branch, while the seller was CITIC Securities Co., Ltd. Beijing Jingxi Branch [2][3] - Over the past three months, Haibo Technology has recorded a total of two block trades, with a cumulative transaction value of 8.834 million yuan [2] Group 2 - The closing price of Haibo Technology on the day of the transaction was 322.00 yuan, reflecting a decline of 10.86%, with a turnover rate of 17.58% and a total trading volume of 2.213 billion yuan [2] - The net outflow of main funds for the day was 348 million yuan, while the stock has seen a cumulative increase of 7.46% over the past five days, with a total net inflow of 34.9729 million yuan [2] - The latest margin financing balance for Haibo Technology is 655 million yuan, which has increased by 48.0124 million yuan over the past five days, representing a growth rate of 7.88% [3]

Core Viewpoint - The company's market value is influenced by multiple factors including market environment, industry policies, and operational performance [1] Group 1 - The company will continue to focus on its core business development [1] - The company aims to enhance its core competitiveness through technological innovation, market expansion, and global layout [1] - The company is committed to creating long-term value for its shareholders [1]

Core Points - The Sci-Tech Innovation Board (STAR Market) index rose by 0.29% to close at 1357.93 points, with a total trading volume of 4.06 billion shares and a turnover of 186.88 billion yuan, resulting in an average turnover rate of 2.12% [1] - Among the tradable stocks on the STAR Market, 219 stocks closed higher, with 5 stocks rising over 10%, including Longxun Co. and Guangyun Technology, which hit the daily limit [1] - The highest turnover rate was recorded by C Hengkong, a newly listed stock, which surged by 310.61% with a turnover rate of 81.36% and a trading volume of 2.27 billion yuan, attracting a net inflow of 899 million yuan [1][2] Trading Performance - In the high turnover stocks, C Hengkong, which was newly listed, saw a significant increase of 310.61%, while other notable gainers included Longxun Co. and Guangyun Technology, which rose by 20.00% and 19.99% respectively [2] - The sectors with the most high turnover stocks included electronics with 22 stocks, followed by power equipment and computers with 15 and 11 stocks respectively [2] - Among high turnover stocks, 31 experienced net inflows from main funds, with C Hengkong, Dongxin Co., and Jingchen Co. leading with net inflows of 899 million yuan, 411 million yuan, and 255 million yuan respectively [2] Leverage Fund Movements - A total of 38 stocks in the high turnover category received net purchases from leveraged funds, with notable increases in financing balances for Bawei Storage, Huasheng Lithium, and Wukuang New Energy, which saw increases of 264 million yuan, 246 million yuan, and 184 million yuan respectively [3] - Conversely, stocks like Huahong Company, Tengjing Technology, and Jingzhida experienced significant reductions in financing balances, decreasing by 305 million yuan, 172 million yuan, and 107 million yuan respectively [3]

Market Overview - The other power equipment sector declined by 1.59% on the previous trading day, with Haibosi leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Keda (002518) saw a closing price of 46.89 with an increase of 3.49% and a trading volume of 175,200 shares, totaling 825 million yuan [1] - Hu塑科技 (301157) closed at 53.10, up 3.27%, with a trading volume of 17,200 shares, amounting to 90.99 million yuan [1] - Other notable performances include Yingjie Electric (300820) at 58.29, up 0.50%, and Youyou Green Energy (301590) at 182.55, up 0.41% [1] - Conversely, Haibosi (688411) experienced a significant drop of 10.86%, closing at 322.00 with a trading volume of 66,700 shares, totaling 2.213 billion yuan [2] - Other stocks like Hailu Chading (002255) and Aotexun (002227) also faced declines of 9.96% and 5.61%, respectively [2] Capital Flow Analysis - The other power equipment sector experienced a net outflow of 1.08 billion yuan from main funds, while retail investors saw a net inflow of 472 million yuan [2][3] - Notable net inflows from retail investors were observed in stocks like Jintai Technology (002951) with 704.14 million yuan, while Keda (002518) saw a net outflow of 732.7 million yuan from retail investors [3] - The main funds showed a net inflow in stocks like Magmet (002851) with 96.64 million yuan, while other stocks like Shenghong Co. (300693) had a net outflow of 68.73 million yuan from main funds [3]

中国经济网北京11月18日讯海博思创(688411.SH)今日收报322.00元，跌幅10.86%。 11月16日，东吴证券股份有限公司研究员曾朵红、郭亚男、胡隽颖发布研报《海博思创(688411)：与宁 德签订3年200GWH电芯供应强强联合继续看好国内独储+海外突破逻辑！》称，维持25~27年盈利预 测，预计25~27年归母净利润分别为9.1/19.0/30.9亿元，同比+41%/+109%/+63%，对应PE75/36/22倍，维 持"买入"评级。 ...