格隆汇11月12日丨海博思创(688411.SH)公布，公司与宁德时代新能源科技股份有限公司(以下简称"宁德 时代")签订《战略合作协议》(以下简称"本协议")，在2026年1月1日至2035年12月31日合作期内，双方 应于每年度末(12月1日前)就未来三年的合作目标进行滚动式更新，并签署相应年限的合作备忘录予以 确认。其中2026年1月1日至2028年12月31日，公司采购电量累计不低于200GWh，宁德时代确保按公司 需求量纲供应。 ...

公司与宁德时代签署战略合作协议有利于双方建立长期、稳定的战略合作关系，打造协同竞争优势，促 进双方资源高效配置与共赢。本次合作符合公司的发展战略，有利于提升公司供应链的稳定性，保持行 业领先地位，提高公司整体竞争力和盈利能力，促进公司高质量发展。 智通财经APP讯，海博思创(688411.SH)发布公告，公司与宁德时代新能源科技股份有限公司(简称"宁德 时代")签订《战略合作协议》，在2026年1月1日至2035年12月31日合作期内，双方应于每年度末(12月1 日前)就未来三年的合作目标进行滚动式更新，并签署相应年限的合作备忘录予以确认。其中2026年1月 1日至2028年12月31日，公司采购电量累计不低于200GWh，宁德时代确保按公司需求量纲供应。 ...

格隆汇11月12日丨海博思创(688411.SH)公布，公司与宁德时代新能源科技股份有限公司(以下简称"宁德 时代")签订《战略合作协议》(以下简称"本协议")，在2026年1月1日至2035年12月31日合作期内，双方 应于每年度末(12月1日前)就未来三年的合作目标进行滚动式更新，并签署相应年限的合作备忘录予以 确认。其中2026年1月1日至2028年12月31日，公司采购电量累计不低于200GWh，宁德时代确保按公司 需求量纲供应。 ...

海博思创(688411.SH)发布公告，公司与宁德时代（300750）新能源科技股份有限公司(简称"宁德时代") 签订《战略合作协议》，在2026年1月1日至2035年12月31日合作期内，双方应于每年度末(12月1日前) 就未来三年的合作目标进行滚动式更新，并签署相应年限的合作备忘录予以确认。其中2026年1月1日至 2028年12月31日，公司采购电量累计不低于200GWh，宁德时代确保按公司需求量纲供应。 公司与宁德时代签署战略合作协议有利于双方建立长期、稳定的战略合作关系，打造协同竞争优势，促 进双方资源高效配置与共赢。本次合作符合公司的发展战略，有利于提升公司供应链的稳定性，保持行 业领先地位，提高公司整体竞争力和盈利能力，促进公司高质量发展。 ...

每经AI快讯，11月12日，海博思创(688411.SH)公告称，公司与宁德时代（300750）签订《战略合作协 议》，在2026年1月1日至2035年12月31日合作期内，双方应于每年度末就未来三年的合作目标进行滚动 式更新，并签署相应年限的合作备忘录予以确认。其中2026年1月1日至2028年12月31日，公司采购电量 累计不低于200GWh，宁德时代确保按公司需求量纲供应。本协议不会对公司2025年度经营业绩产生重 大影响，对公司未来经营业绩的影响需视具体项目的推进和实施情况而定。 ...

Core Insights - The collaboration between Haibo Sichuang and Zhuhai Technology Industry Group, along with Gaojing Solar, has led to the establishment of a 28.5MW/100MWh energy storage project in Zhuhai, which utilizes innovative models like "peak shaving and valley filling" and "photovoltaic consumption" [1][2] - The project employs advanced liquid cooling energy storage systems to reduce electricity costs for Gaojing Solar, featuring high charging and discharging efficiency, long battery life, and customized designs for harsh environmental conditions [1] - Haibo Sichuang's AI cloud-based intelligent operation and maintenance platform enables health monitoring and early fault warning for the entire system, enhancing operational efficiency [1] Industry Trends - The energy usage logic in high-energy-consuming industries is undergoing fundamental changes, with peak-shifting electricity usage evolving from a flexible choice to a rigid necessity [2] - The company plans to deepen its customized "energy storage + X" strategy to optimize energy utilization efficiency and operational costs for enterprises [2]

11月12日，海博思创涨5.05%，截至发稿，报314.78元/股，成交15.41亿元，换手率13.55%，总市值 566.90亿元。 资料显示，北京海博思创科技股份有限公司位于北京市海淀区丰豪东路9号院2号楼12层，成立日期2011 年11月4日，上市日期2025年1月27日，公司主营业务涉及专注于电化学储能系统的研发、生产、销售, 为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链条行业客户提供全系列储能系统 产品,提供储能系统一站式整体解决方案。主营业务收入构成为：储能系统99.77%，新能源车租赁 0.10%，其他(补充)0.07%，技术服务0.06%。 景顺长城新兴产业混合A（023632）基金经理为农冰立。 截至发稿，农冰立累计任职时间7年146天，现任基金资产总规模167.71亿元，任职期间最佳基金回报 169.54%， 任职期间最差基金回报-1.57%。 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。 责任编辑：小浪快报 从基金十大重仓股角 ...

Core Insights - On November 11, brokerages issued target prices for listed companies a total of 21 times, with notable increases in target prices for Century Huatong, ZTE Corporation, and Zhuhai Smelter Group, showing increases of 50.48%, 47.02%, and 34.74% respectively, across the gaming, communication equipment, and industrial metals sectors [1][2]. Target Price Increases - Century Huatong received a target price of 26.50 yuan, reflecting a target price increase of 50.48% [2]. - ZTE Corporation's target price was set at 60.13 yuan, indicating a 47.02% increase [2]. - Zhuhai Smelter Group's target price reached 20.40 yuan, with a 34.74% increase [2]. - Other companies with significant target price increases include Jinlei Co. (30.79%), Changan Automobile (30.29%), and Sanhua Intelligent Control (29.84%) [2]. Brokerage Recommendations - The top companies recommended by brokerages on November 11 include Zhonglian Heavy Industry, Xinbao Co., and Sany Heavy Industry, each receiving two brokerage ratings [3]. - Zhonglian Heavy Industry had a closing price of 8.44 yuan, while Xinbao Co. closed at 15.30 yuan, and Sany Heavy Industry at 20.91 yuan [3]. Rating Adjustments - Nanjing Steel Group's rating was upgraded from "Hold" to "Buy" by Zhongtai Securities on November 11 [4]. - A total of 14 companies received first-time coverage from brokerages, with Zhejiang Energy Power rated "Hold" and Zhonggu Logistics rated "Hold" as well [5]. Newly Covered Companies - Newly covered companies include Zhejiang Energy Power (rated "Hold"), Zhonggu Logistics (rated "Hold"), and Longxin General (rated "Outperform") [5]. - Other companies receiving first-time ratings include Yifeng Pharmacy (rated "Outperform") and Haier Smart Home (rated "Buy") [5].

Market Overview - The average daily trading volume in the A-share market decreased to 2.0 trillion CNY, with the turnover rate declining, indicating reduced market activity[5] - The proportion of stocks rising increased to 54.77%, with the median weekly return for A-share stocks rising to 0.6%[5] Fund Flows - New issuance of equity funds decreased to 21.84 billion CNY, while foreign capital inflow accelerated, with a net inflow of 8.0 million USD as of November 5[6] - The net buying amount of financing decreased to 11.63 billion CNY, accounting for 10.8% of total trading volume[6] Sector Performance - Foreign capital primarily flowed into the electronics sector, with a net inflow of 63.2 million USD, while financing capital mainly flowed into the power equipment sector, with a net inflow of 68.3 billion CNY[7] - The healthcare equipment sector is expected to benefit from policy-driven market recovery, with significant growth in bidding volumes for new medical equipment[17][20] Economic Indicators - The average price of Brent crude oil was 68.17 USD per barrel in Q3 2025, reflecting a year-on-year decrease of 13.40%[44] - The construction sector showed signs of recovery, with new home transaction areas in major cities decreasing by 40.6% week-on-week, indicating ongoing challenges in the real estate market[33] Investment Recommendations - The company recommends an overweight position in A/H shares and industrial commodities, suggesting an equity allocation of 45% and a commodity allocation of 10%[9][10]

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 356.97 CNY [6][13]. Core Insights - The report highlights that the global energy storage market is expected to grow by 40%-50% by 2026, which, combined with the company's increasing share in independent storage and expansion into overseas markets, has led to an upward revision of the company's profit forecasts for 2025-2027 [2][13]. - The company is positioned to benefit significantly from the high demand in the energy storage sector, with a projected EPS of 5.45 CNY for 2025, 13.22 CNY for 2026, and 17.89 CNY for 2027 [13]. - The report notes a substantial increase in the company's revenue and net profit, driven by the booming energy storage industry, with Q3 2025 revenue reaching 3.39 billion CNY, a year-on-year increase of 124.4%, and net profit of 307 million CNY, up 872.24% year-on-year [13]. Financial Summary - Total revenue is projected to grow from 6,982 million CNY in 2023 to 31,981 million CNY in 2027, reflecting a compound annual growth rate (CAGR) of 27.2% [4]. - Net profit attributable to the parent company is expected to rise from 578 million CNY in 2023 to 3,222 million CNY in 2027, indicating a significant growth trajectory [4]. - The company's gross margin is expected to improve, with a Q3 2025 gross margin of 18.64%, up 1.7 percentage points from the previous quarter [13]. Market Position and Trends - The report emphasizes that the company, as a leader in the energy storage sector, is well-positioned to capitalize on the industry's high growth potential, particularly in both domestic and international markets [13]. - The anticipated growth in the global energy storage market is driven by factors such as the development of spot markets, capacity markets, and increasing demand for energy storage solutions in overseas markets [13].