证券日报网2月6日讯，厦钨新能在接受调研者提问时表示，公司采用相对比较特殊的金属冶炼方法进行 硫化锂生产，生产的硫化锂具备纯度和成本上的优势，在客户端测试良好，所采用的生产工艺适合产业 化，未来将根据市场情况及客户需求进行扩产。 ...

证券日报网2月6日讯 ，厦钨新能在接受调研者提问时表示，公司是全球用钴量较大的厂商，与上游企 业保持长期紧密的合作，公司钴原料供应稳定。在3C消费领域，客户对钴酸锂性能更为关注，因此钴 原料价格上涨对公司经营的负面影响较小。在库存管理方面，公司坚持"低库存，快周转"的经营策略， 构建稳健的原料供应保障链。 （文章来源：证券日报） ...

科创新能源ETF（588830）业绩比较基准为上证科创板新能源指数收益率，管理人为鹏华基金管理有限 公司，基金经理为闫冬，成立（2024-07-31）以来回报为73.85%，近一个月回报为18.90%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 来源：新浪基金∞工作室 2月5日，科创新能源ETF（588830）开盘跌3.04%，报1.689元。科创新能源ETF（588830）重仓股方 面，晶科能源开盘跌7.14%，阿特斯跌2.76%，天合光能跌4.03%，容百科技涨0.10%，大全能源跌 1.90%，厦钨新能跌1.02%，嘉元科技跌1.24%，天奈科技跌0.54%，孚能科技跌0.90%，固德威跌 1.75%。 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688148 | 芳源股份 | 8.20 | -6.29% | 20.26万 | 1.70亿 | | 300919 | 中伟新材 | 51.59 | -5.81% | 23.33万 | 12.32 Z | | 301662 | 宏 科技 | 164.73 | -5.73% | ● 1.10万 | 1.86 亿 | | 002340 | 格林美 | 8.45 | -5.69% | 266.90万 | 23.05亿 | | 688339 | 亿华通 | 29.25 | -5.43% | 5.74万 | 1.72亿 | | 688778 | 厦钨新能 | 81.84 | -5.17% | 5.75万 | 4.81亿 | | 300769 | 德方纳米 | 39.30 | -5.07% | 13.77万 | 5.53亿 | | 688275 | 万润新能 | 73.10 | -5.02% | 4.20万 | 3.16亿 | | 301217 | 铜冠铜箔 ...

电力设备及新能源周报 20260201 航空级固态电池实现量产，两部门加快建立可靠容量补偿机制 glmszqdatemark 本周（20260126-20260130）板块行情 电力设备与新能源板块：本周下跌 5.10%，涨跌幅排名第 30，弱于上证指数。本周锂 电池指数跌幅最小，核电指数跌幅最大。锂电池指数下跌 1.03%，风力发电指数下跌 2.49%，储能指数下跌 4.33%，新能源汽车指数下跌 4.72%，工控自动化指数下跌 5.55%，太阳能指数下跌 6.89%，核电指数下跌 8.96%。 新能源车：欣旺达正式披露航空级固态电池量产成果 欣旺达已实现航空级固态电池量产，产品线覆盖多场景需求。Gen1（320Wh/kg）面 向轻型无人机，具备高性价比；Gen2（380Wh/kg）适配载人 eVTOL，支持 10 分钟 快充与 320km 续航，并通过针刺等安全测试。公司采用自主研制的低成本固态电解 质，配合一体化温控系统，保障电池高安全性与航空级标准。 新能源发电：构建可靠容量补偿机制，推动电力系统高质量转型 国家发展改革委、国家能源局发布《关于完善发电侧容量电价机制的通知》（发改价格 〔2026〕11 ...

Investment Rating - The report maintains a "Recommended" rating for key companies in the electric equipment and new energy sector, including Ningde Times, Kodali, and others [6][7]. Core Insights - The electric equipment and new energy sector experienced a decline of 5.10% in the past week, underperforming the Shanghai Composite Index. The lithium battery index saw the smallest drop at 1.03%, while the nuclear power index faced the largest decline at 8.96% [1]. - A significant development is the mass production of aviation-grade solid-state batteries by XWANDA, which includes two product lines with energy densities of 320Wh/kg and 380Wh/kg, targeting various applications including eVTOLs [2][15]. - The National Development and Reform Commission and the National Energy Administration have announced a new capacity compensation mechanism for power generation, aiming to create a more market-oriented and unified system [3][37]. Summary by Sections New Energy Vehicles - XWANDA has achieved mass production of aviation-grade solid-state batteries, with Gen1 (320Wh/kg) for lightweight drones and Gen2 (380Wh/kg) for eVTOLs, featuring fast charging and high safety standards [2][15][19]. - The company plans to introduce Gen3 batteries with over 400Wh/kg energy density by 2026 and 500Wh/kg full solid-state batteries by 2027 [15][21]. New Energy Generation - The new capacity compensation mechanism expands the scope to include coal and gas power, as well as independent storage resources, promoting a more scientific and market-driven approach [3][38]. - The mechanism aims to unify compensation standards based on actual peak output capabilities rather than installed capacity, enhancing the reliability of power supply [38][39]. Electric Equipment and Industrial Control - Hunan Province plans to invest 45.2 billion yuan in 2026 to accelerate the construction of 24 key energy projects, including high-voltage transmission projects [4]. - The China Electric Power Research Institute has successfully scaled up the application of high-performance transformer protection technology in major power projects [4]. Commercial Aerospace - SpaceX is seeking to deploy a constellation of up to 1 million satellites to create an orbital AI data center, indicating a significant advancement in commercial aerospace [5]. Market Performance - The report highlights key companies to watch, including Ningde Times, Kodali, and others, as they navigate the current market dynamics [12].

Core Insights - The performance of A-share listed companies for 2025 is showing a "polarization" trend, with significant differences in industry prosperity affecting earnings, where some companies achieve substantial profit growth while others, particularly in real estate and photovoltaic sectors, face losses [2][10] Group 1: Earnings Reports - As of January 30, over 70 companies have disclosed their 2025 annual reports, with more than 2200 companies providing earnings forecasts, indicating a clearer market outlook [2][7] - Among the companies that have reported, 51 achieved year-on-year revenue growth, highlighting the resilience of profit growth [3][6] - The top three companies in revenue growth are Shouyao Holdings, Lier Technology, and Xiamen Tungsten, with revenue increases of approximately 120%, 82.97%, and 47.84% respectively [4][5] Group 2: Profit Growth - A total of 47 companies reported year-on-year growth in net profit, with Wohua Pharmaceutical and Lier Chemical showing particularly strong performance, with net profit increases of 162.93% and 122.33% respectively [6] - Wohua Pharmaceutical achieved a revenue of 0.817 billion with a net profit of 0.096 billion, while Lier Chemical reported a revenue of 9.008 billion and a net profit of 0.479 billion [6] Group 3: Earnings Forecasts - Approximately 900 out of 2200 companies that disclosed earnings forecasts are expected to see profit increases, indicating strong growth momentum in the A-share market [7][10] - Notably, over 60 companies anticipate net profit growth exceeding 500%, with 20 companies expecting over 1000% growth, showcasing robust development potential [7][10] - Ningbo Fubang stands out with an expected net profit increase of 3099.59% to 4379.43%, driven by rising silver prices and asset optimization [8][9] Group 4: Loss Predictions - A significant number of companies, particularly in the real estate and photovoltaic sectors, are expected to report losses, with major firms like China Fortune Land Development and Greenland Holdings forecasting losses of 16 billion to 24 billion and 16 billion to 19 billion respectively [10] - The photovoltaic sector is also heavily impacted, with companies like Tongwei and TCL Zhonghuan predicting losses of 9 billion to 10 billion and 8.2 billion to 9.6 billion respectively [10]

经观知道 中关村新型电池技术创新联盟、EVTank等权威平台发布的数据显示，2025年锂电池核心材料出货量均实现同比增长，各细分赛道企业出货量TOP10榜单正 式出炉。当前行业格局呈现明显的头部集中特征，展望2026年，锂电材料行业将正式步入价值竞争新阶段。 正极材料-磷酸铁锂 | 排名 | 企业名称 | | --- | --- | | l | 湖南裕能 | | 2 | 万润能源 | | 3 | 德方纳米 | | 4 | 江西升华 | | 5 | 友山科技 | | 6 | 国轩高科 | | 7 | 龙幡科技 | | 8 | 泰丰先行 | | 9 | 安达科技 | | 10 | 四川协鑫 | 2025年，中国磷酸铁锂正极材料出货量达394.4万吨，同比增长62.5%，占正极材料总出货量的79.1%。该赛道出货量前十企业依次为：湖南裕能、万润能 源、德方纳米、江西升华、友山科技、国轩高科、龙蟠科技、泰丰先行、安达科技、四川协鑫。其中，湖南裕能出货量超100万吨，市占率约29.8%-30%， 稳居行业首位；安达科技、四川协鑫成功突围，跻身前十榜单。 正极材料-三元材料 2025年，全球锂离子电池电解液出货量同比增长 ...

证券研究报告 | 2026年01月30日 | 晨会纪要 | | --- | | 数据日期:2026-01-29 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 4157.98 | 14300.07 | 4753.86 | 15448.61 | 4133.58 | 1507.63 | | 涨跌幅度（%） | 0.16 | -0.29 | 0.76 | -0.85 | -0.84 | -3.03 | | 成交金额（亿元） | 14857.95 | 17442.12 | 9179.66 | 5932.25 | 7895.01 | 985.86 | $$\overline{{{\prod_{p\in\mathbb{R}}\sum_{i=1}^{n}\frac{p_{i}}{p_{i}}}}}$$ 【常规内容】 宏观与策略 固定收益投资策略:2026 年 2 月转债市场研判及"十强转债"组合 策略专题:策略专题研究-哪些领域"反内卷"更值得期待？——202 ...

证券研究报告 | 2026年01月29日 厦钨新能（688778.SH） 优于大市 业绩快速增长，固态电池材料布局持续推进 公司 2025 年预计实现归母净利润 7.55 亿元，同比+42%。公司 2025 年预计 实现营收 200.34 亿元，同比+48%；实现归母净利润 7.55 亿元，同比+42%； 实现扣非归母净利润 7.05 亿元，同比+58%。公司 2025Q4 预计实现营收 69.75 亿元、环比+26%，实现归母净利润 2.03 亿元、环比-17%，实现扣非归母净 利润 1.99 亿元、环比-7%。公司公告 2025 年计提存货跌价损失 1.17 亿元， 其中 Q4 计提 1.19 亿元；计提信用减值损失 0.88 亿元，其中 Q4 计提 0.39 亿元。 公司钴酸锂全球领先地位稳固，盈利能力稳中向好。2025 年公司紧抓国家换 机补贴政策机遇，并顺应 3C 消费设备 AI 化带来的电池电量升级趋势，钴酸 锂销量及份额快速提升。公司 2025 年钴酸锂销量 6.53 万吨，同比+41%；其 中 Q4 销量约为 1.84 万吨，环比+2%，Q4 单吨净利估计超 1 万元、环比稳中 向好。根据鑫椤 ...