Core Points - The Shanghai Composite Index closed at 3914.01 points, above the six-month moving average, with an increase of 0.65% [1] - The total trading volume of A-shares reached 1,889.449 billion yuan [1] - A total of 209 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Guanghetong (300638) saw a price increase of 20.01% with a deviation rate of 15.61% from the six-month moving average [1] - Haosheng Electronics (920701) increased by 29.97%, with a deviation rate of 13.15% [1] - Rongda Photoelectric (300576) rose by 17.86%, with a deviation rate of 10.61% [1] Trading Metrics - The trading turnover rate for Guanghetong was 27.35% [1] - Haosheng Electronics had a turnover rate of 15.75% [1] - Rongda Photoelectric's turnover rate was 28.88% [1] Additional Notable Stocks - Chaoyang Technology (002981) increased by 10.00% with a deviation rate of 9.28% [1] - Xingye Stock (603928) rose by 9.99% with a deviation rate of 8.35% [1] - Tianjian Stock (301383) increased by 19.91% with a deviation rate of 8.08% [1]

Core Insights - The report highlights strong growth in China's new energy vehicle (NEV) production and sales, with October figures showing a year-on-year increase of 21.1% in production and 20% in sales. Cumulatively, from January to October, production and sales reached 13.015 million and 12.943 million units, reflecting growth of 33.1% and 32.7% respectively [1][2]. Industry Overview - The supply side is characterized by continuous new product launches from battery and main engine manufacturers, while demand feedback remains positive. Government policies are also increasingly supportive [2]. - The industry has experienced significant price declines, but the supply-demand balance is improving, with companies actively optimizing capacity and supply to stabilize prices and protect profitability [2]. - Overall, the industry is at a price bottom, with signs of stabilization and recovery. Certain segments, such as lithium carbonate and lithium hexafluorophosphate, are seeing strong demand and tight supply, leading to price increases [2]. Investment Strategy - The report maintains a "recommended" rating for the NEV industry, emphasizing the continued support from policies and marginal improvements in supply-demand structure. It anticipates a price recovery in the industry chain by 2025 [2]. - The focus is on selecting high-quality companies that are expected to deliver excess returns, particularly in areas such as robotics, solid-state batteries, battery materials, and liquid cooling technologies [2]. Key Companies and Directions - Key materials include companies like CATL, Shangtai Technology, and Hunan Youneng [3]. - New directions for investment include robotics (Zhejiang Rongtai), liquid cooling (Qiangrui Technology, Shenling Environment, Feirongda, Jieban Technology), solid-state batteries (Shenzhen Xinxing, Haopeng Technology, Nakanor, Liyuanheng), and autonomous driving (Ruiming Technology) [3]. Market Performance - The NEV index, lithium battery index, fuel cell index, charging pile index, and energy storage index saw weekly changes of +3.31%, +5.18%, +4.41%, +4.80%, and +4.79% respectively [4]. - Notable company performances include Haike New Energy, Penghui Energy, and Jinyinhai, which saw increases of 48.6%, 23.0%, and 22.1% respectively. Conversely, companies like Shen Zhonghua A and Haimeixing experienced declines of 16.5% and 6.5% [4]. Price Dynamics - Lithium prices have shown upward trends, with lithium carbonate priced at 93,800 CNY/ton (up 1.5%), lithium hydroxide at 82,100 CNY/ton (up 1.0%), and LME nickel at $14,700/ton (up 2.7%) [5]. - Other materials such as lithium iron phosphate and various battery components have also seen price increases, indicating a tightening supply situation [5]. Industry Developments - A significant development includes GAC's establishment of China's first large-capacity all-solid-state battery production line, marking a milestone in the industry [6].

（文章来源：证券日报） 证券日报网讯 11月28日晚间，豪鹏科技发布公告称，深圳市豪鹏科技股份有限公司（以下简称"公 司"）股东珠海安豪科技合伙企业（有限合伙）（以下简称"珠海安豪"或"本企业"）持有本公司股份2， 400，000股（截至本公告披露日，占公司总股本99，943，067股的2.40%，占剔除公司回购专用证券账 户中股份数量后总股本99，123，511股的2.42%），计划自本公告披露之日起15个交易日后的3个月 内，以集中竞价交易或大宗交易方式合计减持不超过315，000股股份（截至本公告披露日，占公司总股 本的0.32%，占剔除公司回购专用证券账户中股份数量后总股本的0.32%）。 ...

人民财讯11月28日电，豪鹏科技（001283）11月28日公告，持股2.4%的珠海安豪科技合伙企业(有限合 伙)(简称"珠海安豪")计划以集中竞价交易或大宗交易方式合计减持不超过31.5万股股份，占截至本公告 披露日公司总股本的0.32%。珠海安豪为公司员工持股平台。 ...

格隆汇11月28日丨豪鹏科技(001283.SZ)公布，股东珠海安豪科技合伙企业（有限合伙）（简称"珠海安 豪"或"本企业"）持有本公司股份2,400,000股（截至本公告披露日，占公司总股本99,943,067股的 2.40%，占剔除公司回购专用证券账户中股份数量后总股本99,123,511股的2.42%），计划自本公告披露 之日起15个交易日后的3个月内，以集中竞价交易或大宗交易方式合计减持不超过315,000股股份（截至 本公告披露日，占公司总股本的0.32%，占剔除公司回购专用证券账户中股份数量后总股本的 0.32%）。 ...

Group 1 - The core point of the news is that Haopeng Technology (SZ 001283) announced a plan for a major shareholder to reduce their stake by up to approximately 320,000 shares within three months, which represents 0.32% of the total share capital [1] - As of the announcement, Haopeng Technology's market capitalization is 7 billion yuan [2] - The company's revenue composition for the first half of 2025 is entirely from batteries, with a 100% share [1]

南财智讯11月28日电，豪鹏科技公告，股东珠海安豪科技合伙企业（有限合伙）持有公司股份240万 股，占公司总股本的2.40%。珠海安豪因自身资金需求，计划自公告披露之日起15个交易日后的3个月 内，通过集中竞价交易或大宗交易方式合计减持不超过315,000股股份，占公司总股本的0.32%。本次减 持股份来源于首发前取得的股份，减持价格不低于50.98元/股。本次减持计划不会导致公司控制权发生 变更，亦不会对公司治理结构及持续经营产生影响。 ...

证券代码：001283 证券简称：豪鹏科技 公告编号：2025-109 深圳市豪鹏科技股份有限公司 关于股东减持股份的预披露公告 股东珠海安豪科技合伙企业（有限合伙）保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 1、深圳市豪鹏科技股份有限公司（以下简称"公司"）股东珠海安豪科技 合伙企业（有限合伙）（以下简称"珠海安豪"或"本企业"）持有本公司股份 2,400,000 股（截至本公告披露日，占公司总股本 99,943,067 股的 2.40%，占剔 除公司回购专用证券账户中股份数量后总股本 99,123,511 股的 2.42%），计划 自本公告披露之日起 15 个交易日后的 3 个月内，以集中竞价交易或大宗交易方 式合计减持不超过 315,000 股股份（截至本公告披露日，占公司总股本的 0.32%， 占剔除公司回购专用证券账户中股份数量后总股本的 0.32%）。 年 10 月 17 日自动解除。 2、截至本公告披露日，公司剔除回购专用证券账户中股份 819,556 股后总股本为 99,1 ...

Core Viewpoint - The A-share market is experiencing a strong performance in robotics concept stocks, with several companies showing significant gains in their stock prices [1] Company Performance - Xidi has seen a rise of over 15% - Lixing shares increased by nearly 15% - Changying Precision rose by over 13% - Bukexin shares grew by nearly 12% - Haon Automotive Electric increased by over 10% - Several companies, including Galaxy Electronics, Jinzhi Technology, Youa Shares, Sichuan Jinding, GAC Group, and Yuhuan CNC, reached the 10% daily limit increase - Haichang New Materials rose by over 8% - Fenglong shares and Huazi Technology increased by over 7% - Bozhong Precision, Jingzhida, Xinmeixing, Meihu Shares, and Haozhi Electromechanical rose by over 6% - Jingsong Intelligent and Zhongrun Optics increased by over 5% - Jiangbolong rose by over 3% [1]

Investment Rating - The investment rating for the company is "Buy (First Coverage)" [3] Core Views - The company is positioned to benefit from the AI hardware-driven innovation in battery technology, with strong growth engines initiated [1] - The integration of battery cells and packs, along with competitive advantages in wearable technology and strategic customer resources, shapes the core competitiveness of the company [2] - The company is focusing on the mainstream consumer sector, leveraging its one-stop service advantages in lithium-ion and nickel-hydride products to meet the evolving demands of global brand clients [2][4] - The company has established a differentiated competitive advantage in the AI sector, with its AI-related business expected to continue growing as AI penetration increases in various consumer electronics [4][6] Summary by Sections Financial Data and Valuation - Projected revenues for 2025 to 2027 are expected to be 60.41 billion, 70.77 billion, and 81.25 billion yuan, with growth rates of 18.2%, 17.2%, and 14.8% respectively [6][7] - The net profit attributable to shareholders is forecasted to be 2.41 billion, 3.62 billion, and 4.57 billion yuan for the same period, with growth rates of 164.3%, 49.9%, and 26.4% respectively [6][7] - The company’s P/E ratios are projected to be 27.4, 18.3, and 14.4 for 2025, 2026, and 2027 respectively [6][7] Market Dynamics - The global lithium-ion battery market is expected to see significant growth, with a projected total shipment volume of 1,899.3 GWh by 2025 and 5,127.3 GWh by 2030 [14][16] - The demand for consumer electronics, particularly AI PCs and smartphones, is anticipated to drive battery demand, with AI PC shipments expected to reach 1.54 million units in Q4 2024 [17][22] - The wearable product market, including TWS earbuds and smart glasses, is also expected to grow, with AI glasses projected to see a 135% increase in sales from 2024 to 2025 [30][34] Technological Innovations - The company is focusing on technological upgrades and product innovations, particularly in solid-state batteries and high-silicon anodes, which are expected to enhance battery safety and energy density [5][6] - The integration of AI technology into battery products is reshaping the company's profitability model, with a higher willingness from clients to pay for breakthrough solutions [2][5] - The company has successfully developed semi-solid batteries with a volumetric energy density of 950 Wh/L and is advancing solid-state battery technology [5][6]