2月26日，天能股份大宗交易成交12万股，成交额384.48万元，占当日总成交额的5.6%，成交价32.04 元，较市场收盘价34.07元折价5.96%。 | 交易日期 | | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | 卖出营业部 是否为专场 | | --- | --- | --- | --- | --- | --- | | 026-02-26 | 天能殷母 | 688819 | 32.04 3.84.48 12 | 去筒攝霧劈毀高限 | 有限量配资等奖 190 | ...

来源：新浪基金∞工作室 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。 2月11日，科创价值ETF华夏（589550）开盘跌0.45%，报1.322元。科创价值ETF华夏（589550）重仓股 方面，中芯国际开盘跌1.89%，寒武纪跌1.09%，海光信息跌1.54%，时代电气涨0.32%，澜起科技跌 1.46%，天能股份涨0.40%，中微公司跌0.71%，华润微跌0.34%，威胜信息跌0.10%，奥特维涨0.67%。 科创价值ETF华夏（589550）业绩比较基准为上证智选科创板价值50策略指数收益率，管理人为华夏基 金管理有限公司，基金经理为杨斯琪，成立（2025-07-16）以来回报为32.87%，近一个月回报为 2.15%。 ...

Core Viewpoint - The competition among lithium battery companies in the two-wheeler market is focusing on product upgrades and channel restructuring as they adapt to the new national standards for electric bicycles [3][4]. Product Upgrades - The introduction of the new national standards has led to a significant decline in lithium battery applications, with lead-acid battery usage surging by 13.4% in Q3 and over 90% in Q4 [3]. - Both lead-acid and lithium battery companies are launching higher capacity and lighter batteries, targeting consumer demands for power, fast charging, and safety [3][4]. - The safety upgrades for lithium batteries include the implementation of Battery Management Systems (BMS) and reduced plastic usage, enhancing overall safety and performance [6][9]. - New lithium battery products are generally offering capacities of 24Ah, 30Ah, or more, significantly improving the range of electric bicycles to meet consumer commuting needs [10][11]. Channel Restructuring - Major lithium battery companies like BYD and Guoxuan High-Tech are actively establishing direct sales stores and online channels to counter traditional dealer monopolies [5][12]. - As of now, 31 companies in the electric bicycle industry have obtained 748 new national standard CCC certificates, with over 276 new models available for consumers [5]. - The establishment of direct sales and authorized stores allows battery companies to maintain control over product sales and improve after-sales service, which is crucial for consumer trust and battery recycling [14].

中国经济网北京1月26日讯 天能股份（688819.SH）今日股价收报35.76元，跌幅4.05%。该股目前 处于破发状态。 天能股份于2021年1月18日在上交所科创板上市，发行价格为41.79元/股，发行数量为1.17亿股，保 荐机构为中信证券股份有限公司，保荐代表人为金波、肖云都。 上市当日，天能股份盘中最高报80.16元，创上市以来股价最高点。 天能股份上市募集资金总额为48.73亿元，扣除发行费用后，募集资金净额为47.30亿元。天能股份 最终募集资金净额较原计划多11.35亿元。天能股份于2021年1月11日披露的招股说明书显示，公司拟募 集资金35.95亿元，分别用于绿色智能制造技改项目、高能动力锂电池电芯及PACK项目、大容量高可靠 性起动启停电池建设项目、全面数字化支撑平台建设项目、国家级技术中心创新能力提升项目、补充流 动资金。 天能股份上市发行费用为1.43亿元，其中保荐机构中信证券股份有限公司获得承销保荐费用1.14亿 元。 (责任编辑：何潇) ...

Group 1 - TianNeng Co., Ltd. experienced a 5.1% increase in stock price, reaching 36.68 CNY per share, with a trading volume of 1.23 billion CNY and a turnover rate of 0.35%, resulting in a total market capitalization of 35.657 billion CNY [1] - The company, established on March 13, 2003, and listed on January 18, 2021, specializes in the research, production, and sales of various types of batteries, including electric vehicle batteries, energy storage batteries, and backup batteries [1] - The main revenue composition of TianNeng includes 91.56% from lead-acid batteries, 5.86% from other sources, and 2.58% from lithium batteries [1] Group 2 - E Fund's ETF, the E Fund SSE STAR 50 ETF (588080), is among the top ten circulating shareholders of TianNeng, having reduced its holdings by 715,400 shares to 4.9182 million shares, representing 0.51% of circulating shares [2] - The E Fund SSE STAR 50 ETF has a current scale of 70.597 billion CNY, with a year-to-date return of 14.68% and a one-year return of 58.84%, ranking 359 out of 5,546 and 819 out of 4,261 in its category, respectively [2] Group 3 - The fund managers of E Fund SSE STAR 50 ETF are Lin Weibin and Cheng Xi, with Lin having a tenure of 12 years and 327 days and a total fund size of 119.408 billion CNY, achieving a best return of 80.11% during his tenure [3] - Cheng Xi has a tenure of 9 years and 264 days, managing a fund size of 236.954 billion CNY, with a best return of 131.04% during his tenure [3]

Core Viewpoint - The article reports on the results of the 2025 quality supervision inspection for portable dry powder fire extinguishers and other products conducted by the Heze Market Supervision Administration, revealing compliance and non-compliance rates among various products [4]. Group 1: Inspection Results - A total of 84 batches of products, including portable dry powder fire extinguishers, were inspected [4]. - Specific products that failed the inspection include ceramic core faucets and certain types of copper nozzles, while products like high-performance car tires and various models of portable fire extinguishers passed [4][5]. - The inspection results indicate a mix of compliance, with several products deemed qualified, including multiple models of portable fire extinguishers and safety helmets [5][6]. Group 2: Product Compliance - Among the inspected products, 10 portable dry powder fire extinguishers from different manufacturers were found to be compliant [5]. - Other compliant products include PE septic tanks and various types of safety helmets, indicating a generally positive compliance rate for these categories [5][6]. - Non-compliant products were primarily from smaller manufacturers, highlighting potential quality control issues within certain segments of the market [4][5].

Core Viewpoint - TianNeng Co., Ltd. plans to use up to RMB 12 billion of temporarily idle self-owned funds for entrusted wealth management, ensuring that daily operational funding needs and the safety of self-owned funds are not affected [1][2]. Group 1: Wealth Management Plan - The company and its subsidiaries will invest in low to medium-risk financial products with high safety and liquidity, including but not limited to bond investments, money market funds, and entrusted financial products [1]. - The investment period is valid for 12 months from the date of approval by the board of directors [1]. Group 2: Company Background - TianNeng Co., Ltd. was listed on the Sci-Tech Innovation Board on January 18, 2021, with an issuance price of RMB 41.79 per share and a total issuance of 117 million shares [2]. - The company raised a total of RMB 4.873 billion, with a net amount of RMB 4.730 billion after deducting issuance costs, which was RMB 1.135 billion more than the original plan [3]. Group 3: Use of Funds - The raised funds are intended for various projects, including green intelligent manufacturing upgrades, high-energy power lithium battery projects, and the establishment of a national-level technology center [3]. - The issuance costs amounted to RMB 143 million, with the underwriting institution CITIC Securities receiving RMB 114 million in fees [4].

Industry News - China Petroleum and Chemical Corporation (Sinopec) and China National Aviation Fuel Group (CNAF) are undergoing a restructuring process approved by the State Council [5] - The State Administration for Market Regulation has reportedly interviewed six leading photovoltaic companies and industry associations regarding monopoly risks, emphasizing that they must not agree on production capacity, utilization rates, sales volumes, or pricing [5] - The Ministry of Industry and Information Technology, along with three other departments, held a meeting to discuss the competitive order in the power and energy storage battery industry, gathering 16 companies for this purpose [5] - Nestlé has initiated a precautionary recall of specific batches of infant formula in several European countries, with the Chinese subsidiary also complying with the recall requirements [5] Company News - Vanke A announced that Yu Liang has resigned from his positions as director and executive vice president due to retirement [7] - Industrial Fulian announced a cash dividend distribution of 6.55 billion yuan (including tax) for the first half of 2025, with the record date set for January 15, 2026 [8] - Jinli Permanent Magnet has forecasted a net profit increase of 127%-161% year-on-year for 2025, with small batch deliveries of robotic motor rotors and magnetic materials already underway [9] - Puni Testing announced significant stock trading fluctuations, expecting a loss of 200 million to 250 million yuan for the 2025 fiscal year [10] - Changhong Technology reported that its subsidiary has secured over half of the procurement share from a major domestic wafer factory for semiconductor consumables [10] - Pairui Co. signed a framework agreement for bulk procurement of IGBT chips, with a projected total supply amount of approximately 1.3 to 1.4 billion yuan for the years 2028, 2029, and 2030 [11] - Allxin Co. plans to issue convertible bonds to raise no more than 312 million yuan for the production of integrated communication products for commercial aviation [11] - Tian Sheng New Materials announced that its largest shareholder is planning a significant matter that may lead to a change in control, resulting in a stock suspension [12] - Aimei Ke announced that its exclusively distributed injectable botulinum toxin product has received drug registration certification [12] - Guangdong Electric Power A reported that the expansion project for units 5 and 6 at the Huilai Power Plant has been completed, with a total investment of 8.05 billion yuan [12]

Core Viewpoint - The company plans to utilize a maximum of RMB 12 billion of temporarily idle self-owned funds for entrusted wealth management, aiming to enhance fund efficiency and increase returns for the company and its shareholders while ensuring the safety of the funds and not affecting daily operations [1][7]. Investment Overview - **Investment Purpose**: The objective is to improve the efficiency of self-owned funds and increase company returns without impacting daily operational funding needs [3]. - **Investment Amount**: The company intends to use up to RMB 12 billion for low to medium-risk financial products, including but not limited to bond investments and money market funds, within a 12-month period [3][6]. - **Source of Funds**: The funds will come from temporarily idle self-owned capital [3]. Investment Method - **Investment Products**: The company will select low to medium-risk financial products with high safety and liquidity, including bonds and entrusted wealth management products from qualified financial institutions [4][5]. - **Decision Authority**: The board has authorized the chairman to make investment decisions within the specified limits and timeframe [5]. Risk Analysis and Control Measures - **Investment Risks**: The company acknowledges that financial markets are influenced by macroeconomic factors, which may affect investment outcomes [8][28]. - **Risk Control Measures**: The company will adhere to relevant regulations and establish a robust approval and execution process for wealth management investments, ensuring compliance and timely risk assessment [9][29]. Impact on the Company - The planned use of idle funds for wealth management is expected to enhance fund efficiency and increase returns without adversely affecting the company's daily operations or main business activities [10][30].

Group 1: Industry Insights - The Ministry of Industry and Information Technology (MIIT) has warned against irrational competition in the lithium battery industry, convening a meeting with 16 major companies to discuss regulatory measures [1] - The State Administration for Market Regulation (SAMR) has interviewed six leading photovoltaic companies regarding monopoly risks and has mandated corrective actions by January 20 [1] - Guangzhou is accelerating the construction of liquid rocket assembly and testing bases, focusing on reusable rocket technology to enhance national aerospace capabilities [2] Group 2: Company Announcements - MiniMax is set to list on the Hong Kong Stock Exchange on January 9, with a pricing result of HKD 165 per share, and its dark market performance showed a 26.8% increase [3] - Zhong UAV has signed a contract exceeding RMB 100 million for drone systems, which is expected to positively impact its financial performance [4][5] - TianNeng Co. plans to use up to RMB 12 billion of its idle funds for low-risk financial investments, which has been approved by its board [5] - Hu Silicon Industry's major shareholder, the National Integrated Circuit Industry Investment Fund, has reduced its stake by 0.2% [5] - Yongxi Electronics expects a net profit increase of 13.08% to 50.77% for 2025, driven by growth in the semiconductor industry and improved product structure [6] - BiYi Micro has set an initial transfer price of RMB 36.29 per share for its stock, with a subscription multiple of 6.99 times [7] - ZhiXiang JinTai's application for conditional approval of its GR1803 injection has been accepted by the National Medical Products Administration [8] - Zejing Pharmaceutical's injection of human thyroid-stimulating hormone beta has been approved for market entry, enhancing its product line [9] - Mengke Pharmaceutical has received a patent term extension for its core product, significantly improving its market competitiveness [9] - Chip Source Micro has reported a 30% stock price fluctuation, confirming normal business operations [9] - Jiyu Pharmaceutical has completed nearly RMB 2 billion in Series A financing, focusing on innovative drug development [10] - Yiwei Aerospace has completed a million-level angel round financing, aimed at developing space computing systems [10]