证券日报网讯 12月25日，海博思创在互动平台回答投资者提问时表示，公司股价波动受市场环境、行 业政策等多重因素影响，目前不存在应披露未披露的信息。公司始终重视股东利益，将持续通过技术创 新和市场拓展提升核心竞争力，为投资者创造长期价值。 （文章来源：证券日报） ...

申万宏源研究指出，海博思创聚焦储能，系统集成领先企业。公司作为具备先发优势的储能系统集成领 跑者，目前业务已战略聚焦于储能系统集成及核心装备。2022-2024公司营收CAGR为77%，归母净利 CAGR为91%；2025 Q1-Q3实现营业收入79.13亿元，同比增长52.2%。储能系统业务是公司的业务核 心，未来增长将主要由该业务驱动。公司受益于全球储能市场的加速放量，储能业务有望迎来高速发 展。首次覆盖给予公司"买入"评级。 ...

在全球能源转型的浪潮中，中国储能产业正处在转型升级的关键节点。当前，海外订单呈现爆发式增 长，中国企业凭借全产业链优势抢占全球市场。与此同时，被视为下一代电池技术的固态电池也从实验 室加速迈向产业化前端。中国锂电产业的主导地位能否延续？未来增长的动力何在？ 近日，海博思创创始人、董事长、首席执行官张剑辉受邀做客央视《对话》节目，与多位储能产业领军 人物及行业专家一起，探讨中国锂电的进化路径，共话行业未来发展新图景。 转折出现在2025年136号文的出台，政策推动储能市场实现从价格导向到价值导向的根本性变革。张剑 辉表示，今年6月起，更多独立储能电站进入市场化投资行列，市场主体从原来的配储订单主导，向以 盈利为目标的储能电站运营模式转变。"投资者不再单纯关注前端设备价格，而是更看重储能电站的核 心品质——效率、寿命与可靠性，企业需要依靠储能设备实现持续盈利，商业模式发生了深刻转变。" 拓展全球蓝海，加速储能价值链闭环 近几年，储能行业的海外需求爆发。张剑辉提到，"走出去"已成为中国锂电及储能行业的集体共识，海 外市场正成为承载行业增长的重要蓝海。中国储能市场装机规模约占全球40%，但中国企业生产的储能 电池及储 ...

本报讯(记者向炎涛)在全球能源转型的浪潮中，中国储能产业正处在转型升级的关键节点。当前，海外 订单呈现爆发式增长，中国企业凭借全产业链优势抢占全球市场。与此同时，被视为下一代电池技术的 固态电池也从实验室加速迈向产业化前端。中国锂电产业的主导地位能否延续？未来增长的动力何在？ 近日，北京海博思创科技股份有限公司(以下简称"海博思创")创始人、董事长、首席执行官张剑辉受邀 做客央视《对话》节目，与多位储能产业领军人物及行业专家一起，探讨中国锂电的进化路径，共话行 业未来发展新图景。 "绿电加储能，或许是未来终极能源解决方式之一"，张剑辉指出，绿色低碳的发展，已成为社会进步的 标志。清洁能源替代化石能源成为不可逆转的行业发展方向，而风电、光伏等绿电作为清洁能源的关键 主体，其不稳定性与不连续性，制约了大规模应用。在此背景下，储能技术的重要性愈发凸显，其稳定 功率输出、平滑电力波动的作用，让绿电能够更可靠地满足各类用电需求，成为绿电并网过程中不可或 缺的"稳定器"。 张剑辉指出，半固态电池作为全固态电池的过渡技术，已率先实现产业化应用："我们与卫蓝新能源合 作的半固态电池储能产品，已开始批量投入实际场景，有效提升了 ...

Group 1 - The core point of the news is that Haibo Sichuang's stock price dropped by 5.25% to 261.50 CNY per share, with a trading volume of 513 million CNY and a turnover rate of 5.09%, resulting in a total market capitalization of 47.094 billion CNY [1] - Haibo Sichuang, established on November 4, 2011, focuses on the research, production, and sales of electrochemical energy storage systems, providing a full range of energy storage system products and one-stop solutions for various industry clients [1] - The company's main business revenue composition is as follows: energy storage systems account for 99.77%, new energy vehicle leasing for 0.10%, other (supplementary) for 0.07%, and technical services for 0.06% [1] Group 2 - From the perspective of fund holdings, Huafu Fund has one fund heavily invested in Haibo Sichuang, specifically the Huafu New Energy Stock Fund A (012445), which held 140,000 shares, representing 3% of the fund's net value, making it the seventh-largest holding [2] - The Huafu New Energy Stock Fund A (012445) was established on June 29, 2021, with a latest scale of 566 million CNY, achieving a year-to-date return of 66.99% and a one-year return of 62.26% [2] - The fund manager of Huafu New Energy Stock Fund A is Shen Cheng, who has been in the position for nearly four years, with the fund's total asset scale at 5.195 billion CNY and a best return of 48.32% during his tenure [3]

长江商报消息 ●长江商报记者 潘瑞冬 上市不到一年，储能龙头海博思创（688411.SH）计划加码产能。 12月23日晚间，海博思创发布公告称，公司全资子公司北京海博思创智造科技有限公司（简称"海博思 创智造"）拟开展"海博思创智能绿色储能工厂项目"，项目投资总额预计20亿元，建设周期约为36个 月，预计2028年12月竣工验收并投产。 长江商报记者注意到，海博思创于2025年初登陆A股，截至三季度末，公司货币资金达30.3亿元。 储能市场快速发展，海博思创业绩表现亮眼。2022年以来的近4年时间，海博思创累计实现归母净利润 20.3亿元。 截至2025年三季度末，海博思创的货币资金达30.3亿元，现金及现金等价物达14.29亿元。 海博思创表示，作为公司完善高端制造产能布局的关键举措，项目建成后将有效补充产能缺口，提升核 心产能供应保障能力与市场响应速度。同时，通过引入先进智能化制造体系，有望实现生产效率提升与 综合成本优化，增强公司产品综合竞争力。公司预计将对公司中长期财务状况和经营成果产生积极影 响，助力巩固行业领先地位。 长江商报记者注意到，11月，海博思创曾与宁德时代签署《战略合作协议》。协议约定的 ...

Core Viewpoint - The other power equipment sector experienced a significant increase of 3.7% on December 24, with Xinle Energy leading the gains, reflecting positive market sentiment in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3940.95, up by 0.53%, while the Shenzhen Component Index closed at 13486.42, up by 0.88% [1]. - Notable stocks in the other power equipment sector included: - Xinfu Energy (300593) with a closing price of 30.24, up by 20.00% and a trading volume of 632,300 shares, totaling a transaction value of 1.83 billion [1]. - Zhongheng Electric (002364) closed at 27.67, up by 10.02% with a trading volume of 547,300 shares [1]. - Jinshi Technology (002951) closed at 15.29, up by 10.00% with a transaction value of 209 million [1]. Group 2: Capital Flow - The other power equipment sector saw a net inflow of 1.933 billion in main funds, while retail investors experienced a net outflow of 762 million [2]. - The capital flow for key stocks included: - Maigemit (002851) had a main fund net inflow of 460 million, but retail funds saw a net outflow of 189 million [3]. - Zhongheng Electric (002364) had a main fund net inflow of 401 million, with retail funds experiencing a net outflow of 210 million [3]. - Shanghai Electric (601727) recorded a main fund net inflow of 83.28 million, while retail funds had a net outflow of 21.53 million [3].

Investment Rating - The report assigns a "Buy" rating for the company, Haibo Sichuang, as a leading player in the energy storage system integration sector, benefiting from the accelerated global energy storage market growth [8][9]. Core Insights - Haibo Sichuang focuses on energy storage, establishing itself as a leader in system integration with a projected revenue CAGR of 77% from 2022 to 2024 and a net profit CAGR of 91% during the same period. The core business driving future growth is the energy storage system [8][9]. - The global energy storage market is expected to continue its growth trend, with BNEF forecasting an additional installed capacity of 221 GWh by 2025. Key markets include China, the US, Europe, and emerging regions like the Middle East, which are all contributing to a diversified growth landscape [8][9]. - The domestic energy storage market is experiencing high growth, with independent storage accounting for 58% of the market in the first half of 2025, indicating a shift towards market-oriented operations [8][9]. Summary by Sections 1. Company Overview - Haibo Sichuang has transitioned from a battery system origin to a focus on energy storage integration, achieving a cumulative installed capacity of over 20 GWh since 2019 [19]. - The company has a concentrated ownership structure, with a core management team possessing extensive industry experience and technical expertise [1][19]. 2. Energy Storage Market - The global energy storage industry is entering a structural growth phase, with a projected CAGR of approximately 17% from 2024 to 2035 [36]. - The US energy storage market is thriving, with significant growth driven by AI computing demands leading to a power shortage, making energy storage a necessity [38][41]. - The European market is showing structural differentiation, with large-scale and commercial storage growing rapidly, while household storage faces short-term challenges [44]. 3. Competitive Advantages - The company has established a strong technological foundation, with a comprehensive lifecycle technology framework and a significant number of patents [8][9]. - Haibo Sichuang has secured deep partnerships with major state-owned enterprises, ensuring a stable order source while expanding its customer base [8][9]. - The company is accelerating its global expansion, having formed strategic partnerships with international giants like Fluence [8][9]. 4. Financial Forecast and Valuation - The company is expected to achieve revenues of 132.22 billion, 253.00 billion, and 351.49 billion yuan from 2025 to 2027, with corresponding net profits of 10.42 billion, 22.52 billion, and 31.31 billion yuan [7][9]. - The report estimates a target market capitalization of 670 billion yuan for the company, indicating a potential upside of 43.24% from its current market value [9].

Core Viewpoint - The company Haibo Sichuang announced the initiation of the "Haibo Sichuang Intelligent Green Energy Storage Factory Project" with a total investment of 2 billion yuan [1] Group 1: Project Overview - The project will be located in the Beijing High-end Manufacturing Base in Fangshan District, Beijing [1] - The core business of the project includes research, development, manufacturing, and testing of energy storage integration systems [1] - The project aims to establish an integrated energy storage industrial base that includes system integration production lines, R&D testing centers, and supporting facilities [1] Group 2: Strategic Goals - The initiative is designed to enhance the scale and intelligence of high-end energy storage product R&D, manufacturing, and testing capabilities [1]

Core Insights - The announcements highlight various corporate activities including project investments, contract wins, equity acquisitions, share buybacks, and shareholding adjustments across multiple companies in different sectors. Project Investments - Haibo Technology plans to invest 2 billion yuan in the "Haibo Intelligent Green Energy Storage Factory Project" [1] Contract Wins - Baosheng Co., Ltd. has won a contract worth approximately 1.2 billion yuan from the Singapore Power Authority for power cable projects [1] - Qianjiang Water Conservancy has secured a contract for the integrated water supply and drainage project in Qimen County, Huangshan City [1] - Ningbo Construction has won a construction contract worth 428 million yuan as part of a consortium [1] Equity Acquisitions - Shanghai Jianlong intends to acquire a 40% stake in Hanxing Energy for 200 million yuan [1] - Ningbo Port plans to acquire 100% equity of the Comprehensive Bonded Zone Terminal for 706 million yuan to enhance its competitive edge [1] - Jinko Environment aims to acquire 100% equity of Eric for 84.8 million yuan [1] Share Buybacks - Weimais plans to repurchase shares with an investment of 50 million to 100 million yuan [1] Shareholding Adjustments - Yuan Meihe, a shareholder of Oke Yi, plans to reduce his stake by up to 1.89% [2] - Biological Holdings intends to increase its stake by investing between 50 million to 100 million yuan [2] - Chang'an Trust and Zhongbao Investment No. 1 Trust plan to reduce their holdings in Unisplendour by no more than 1% [1]