AI基金工银新材料新能源股票（001158）披露2025年四季报，第四季度基金利润1.17亿元，加权平均基金份额本期利润0.1539元。报告期内，基金净值增长 率为8.96%，截至四季度末，基金规模为13.42亿元。 该基金属于标准股票型基金。截至1月22日，单位净值为2.07元。基金经理是张剑峰，目前管理的2只基金近一年均为正收益。其中，截至1月22日，工银新 材料新能源股票近一年复权单位净值增长率最高，达63.38%；工银优质成长混合A最低，为54.45%。 基金管理人在四季报中表示，大国博弈以及全球政治格局不确定性的增强，使得以有色为代表的资源受到越来越多的市场关注。美国货币政策的宽松加之 AI 算力投资带来的电力需求的大幅增长，使得美国国内相关的电力投资需求旺盛，我们仍看好有色金属，尤其是铜等相关品种的需求增长。 截至1月22日，工银新材料新能源股票近三个月复权单位净值增长率为23.29%，位于同类可比基金1/58；近半年复权单位净值增长率为53.45%，位于同类可 比基金3/58；近一年复权单位净值增长率为63.38%，位于同类可比基金10/57；近三年复权单位净值增长率为37.36%，位于同类可比 ...

兴业证券作为公司2022年度向特定对象发行A股股票项目的保荐机构及主承销商，原指定王亚娟女士、 周倩女士为该项目的签字保荐代表人，负责保荐工作及持续督导工作，法定持续督导期至2024年12月31 日。鉴于公司该项目募集资金尚未使用完毕，兴业证券在持续督导期满后继续就公司募集资金存放与使 用情况履行持续督导义务。 现因原保荐代表人王亚娟女士工作变动，不再担任公司的持续督导保荐代表人。为保证公司持续督导工 作的有序进行，兴业证券现指定赖雨宸女士（简历详见附件）接替王亚娟女士，继续履行持续督导义 务。 本次保荐代表人变更后，公司2022年度向特定对象发行A股股票项目的持续督导保荐代表人为周倩女 士、赖雨宸女士。公司及董事会对王亚娟女士在公司2022年度向特定对象发行A股股票项目及持续督导 期间所做的工作表示衷心的感谢！ 证券代码：688778 证券简称：厦钨新能 公告编号：2026-002 厦门厦钨新能源材料股份有限公司关于变更持续督导保荐代表人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 厦门厦钨新能源材料股份有限公 ...

（文章来源：证券日报） 证券日报网讯 1月20日，厦钨新能发布公告称，兴业证券作为公司2022年度向特定对象发行A股股票项 目的保荐机构及主承销商，原指定王亚娟女士、周倩女士为该项目的签字保荐代表人，负责保荐工作及 持续督导工作，法定持续督导期至2024年12月31日。鉴于公司该项目募集资金尚未使用完毕，兴业证券 在持续督导期满后继续就公司募集资金存放与使用情况履行持续督导义务。现因原保荐代表人王亚娟女 士工作变动，不再担任公司的持续督导保荐代表人。为保证公司持续督导工作的有序进行，兴业证券现 指定赖雨宸女士接替王亚娟女士，继续履行持续督导义务。 ...

兴业证券作为公司 2022 年度向特定对象发行 A 股股票项目的保荐机构及主 承销商，原指定王亚娟女士、周倩女士为该项目的签字保荐代表人，负责保荐工 作及持续督导工作，法定持续督导期至 2024 年 12 月 31 日。鉴于公司该项目募 集资金尚未使用完毕，兴业证券在持续督导期满后继续就公司募集资金存放与使 用情况履行持续督导义务。 证券代码：688778 证券简称：厦钨新能 公告编号：2026-002 厦门厦钨新能源材料股份有限公司 关于变更持续督导保荐代表人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 厦门厦钨新能源材料股份有限公司（以下简称"公司"）于近日收到持续督 导机构兴业证券股份有限公司（以下简称"兴业证券"）出具的《关于变更厦门 厦钨新能源材料股份有限公司持续督导保荐代表人的函》。 附件： 赖雨宸女士简历： 现因原保荐代表人王亚娟女士工作变动，不再担任公司的持续督导保荐代表 人。为保证公司持续督导工作的有序进行，兴业证券现指定赖雨宸女士（简历详 见附件）接替王亚娟女士，继续履行持续督导义务。 赖雨宸 ...

Core Insights - Xiamen Tungsten New Energy has achieved comprehensive breakthroughs during the 14th Five-Year Plan period, establishing a complete industrial chain system from battery recycling to precursor and cathode materials [1][4] - The company has reported significant financial growth, with a cumulative sales of over 422,400 tons of cathode materials in the past five years and a revenue of 13.059 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 29.80% [1] - The company has expanded its market presence with five major production bases and a total of 15 holding companies and subsidiaries [1] Financial Performance - In the first three quarters of 2025, Xiamen Tungsten New Energy achieved a net profit attributable to shareholders of 552 million yuan, reflecting a year-on-year growth of 41.54% [1] - The company has invested a total of 2.502 billion yuan in R&D over the past five years, indicating a strong commitment to innovation [2] Market Position - Xiamen Tungsten New Energy holds the leading global market share in lithium cobalt oxide and ranks among the top tier in the ternary materials sector [4] - The company maintains a leading position in hydrogen energy materials, holding the top market share in the automotive sector and ranking among the top three in the civilian market [4] International Expansion - The company established a wholly-owned subsidiary in Germany in 2022 and formed a joint venture with France's Orano Group in 2024, enhancing its global resource allocation capabilities [2] Innovation and R&D - Xiamen Tungsten New Energy has developed 288 authorized patents, including 137 invention patents, with several technologies reaching international leading levels [2] - The company is actively exploring cutting-edge fields such as cathode lithium supplement materials and solid-state battery materials to maintain its industry leadership [2]

Investment Rating - The report maintains a "Recommended" rating for several key companies in the power equipment and new energy sectors, including Ningde Times, Kodali, and others [5][6]. Core Insights - The power equipment and new energy sector saw a weekly increase of 0.79%, outperforming the Shanghai Composite Index, with the energy storage index showing the highest growth at 1.81% [1]. - The National Energy Administration projects a total electricity consumption of 10,368.2 billion kWh by 2025, representing a year-on-year growth of 5.0% [4][56]. - TCL Zhonghuan's strategic investment in a new energy company aims to enhance vertical integration in the photovoltaic industry, reducing costs and improving efficiency [3][37]. Summary by Sections 1. New Energy Vehicles - Hive Energy showcased three core technological breakthroughs at its sixth Battery Day, focusing on semi-solid technology, Dragon Scale 3.0 technology, and ion oscillation fast charging technology, all aimed at enhancing safety and performance [2][13][21]. 2. New Energy Generation - TCL Zhonghuan's acquisition of a new energy company is expected to optimize resources and enhance business synergy, facilitating a shift from low-level competition to value co-creation in the photovoltaic sector [3][37]. 3. Power Equipment and Industrial Control - The National Grid's "14th Five-Year Plan" anticipates a fixed asset investment of 4 trillion yuan, a 40% increase from the previous plan, to support the development of a new power system [4][56]. - The report highlights significant growth in electricity consumption across various sectors, with the service industry and residential electricity usage contributing 50% to the overall growth [4][56]. 4. Commercial Aerospace - Trina Solar set a new world record with a 886W per 3.1 m² perovskite/silicon tandem module, reinforcing its leadership in high-efficiency energy technology [5]. 5. Weekly Sector Performance - The energy storage index led the sector with a 1.81% increase, while the nuclear power index experienced the largest decline at 6.39% [1].

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

Group 1 - The core viewpoint of the news highlights the significant growth in the new energy sector, particularly in the electric vehicle (EV) market, with a notable increase in production and sales figures for December 2025 [1] - The China Association of Automobile Manufacturers reported that in December 2025, the production and sales of new energy vehicles reached 1.718 million and 1.71 million units, respectively, representing year-on-year growth of 12.3% and 7.2%, with new energy vehicle sales accounting for 52.3% of total new car sales [1] - The solid-state battery industry is accelerating its industrialization process, with 2026 being a critical year for production line construction and supply chain establishment, as key technological routes and supply patterns remain uncertain [1] Group 2 - In the photovoltaic sector, starting from April 1, 2026, China will eliminate the value-added tax export rebate for photovoltaic products and gradually reduce the export rebate rate for battery products to zero, aiming to shift the industry from reliance on fiscal subsidies to technology premium and cost competitiveness [1] - This policy adjustment is expected to compress profit margins for outdated production capacities, leading to increased industry concentration, with leading companies possessing global layouts and technological advantages likely to emerge as winners in the competition [1] - As of December 31, 2025, the top ten weighted stocks in the China New Energy Index include CATL, Sungrow Power, TBEA, LONGi Green Energy, Huayou Cobalt, EVE Energy, China National Nuclear Power, Ganfeng Lithium, Tianci Materials, and Three Gorges Energy, collectively accounting for 43.23% of the index [2]

Group 1 - The core viewpoint of the news highlights the strong performance of the battery sector, particularly the solid-state battery technology, which is expected to see significant advancements and applications by 2028 [1][2] - The China Securities Battery Theme Index has risen by 1.61%, with notable increases in stocks such as Weixin Materials (up 8.92%) and Xiamen Tungsten (up 7.99%) [1] - The EIA reports a projected increase in wholesale electricity prices in the U.S., with a 23% rise in 2025 and an additional 8.5% in 2026, indicating a growing demand for energy solutions [1] Group 2 - Tianfeng Securities forecasts that the demand for power and energy storage batteries will reach 1,872 GWh in 2025 and 2,236 GWh in 2026, representing year-on-year increases of 45% and 25% respectively [2] - The top ten weighted stocks in the China Securities Battery Theme Index account for 51.77% of the index, with leading companies including CATL and Sungrow Power [2] - The solid-state battery production line and supply chain establishment are expected to be critical in 2026, with equipment and core materials showing significant growth potential [1]

厦钨新能股价创出历史新高，截至10:36，该股上涨8.54%，股价报96.60元，成交量570.13万股，成交金 额5.37亿元，换手率1.13%，该股最新A股总市值达487.53亿元，该股A股流通市值487.53亿元。 证券时报·数据宝统计显示，厦钨新能所属的电力设备行业，目前整体涨幅为0.43%，行业内，目前股价 上涨的有200只，涨幅居前的有宏工科技、力王股份、先惠技术等，涨幅分别为12.67%、12.53%、 12.36%。股价下跌的有190只，跌幅居前的有红相股份、和顺电气、金风科技等，跌幅分别为12.18%、 11.41%、10.01%。 两融数据显示，该股最新（1月14日）两融余额为3.91亿元，其中，融资余额为3.79亿元，近10日减少 8112.19万元，环比下降17.64%。 公司发布的三季报数据显示，前三季度公司共实现营业收入130.59亿元，同比增长29.80%，实现净利润 5.52亿元，同比增长41.54%，基本每股收益为1.1000元，加权平均净资产收益率6.12%。（数据宝） （文章来源：证券时报网） ...