格隆汇11月25日丨雄韬股份(002733.SZ)在投资者互动平台表示，公司湖北京山锂电工厂目前一期、二 期已投入使用。 ...

每经AI快讯，有投资者在投资者互动平台提问：能介绍一下公司和中广核的项目合作情况么？ 雄韬股份（002733.SZ）11月25日在投资者互动平台表示，公司中标中广核研究院有限公司的氢气SOFC 发电系统测试服务采购项目，将对中广核研发的氢气SOFC发电系统关键指标进行全方位测试。通过不 同工况的模拟，精准评估该系统的发电效率、寿命与耐久性、环境适应性及安全可靠性，为中广核研究 院提供科学、可靠的测试数据。 （文章来源：每日经济新闻） ...

雄韬股份（002733.SZ）11月25日在投资者互动平台表示，公司湖北京山锂电工厂目前一期、二期已投 入使用。公司参股的钠电公司——盘古新能源公司发展不错。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司前期105亿投资的锂电钠产业园项目目前进展如 何，是否已经投产？ ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司氢能源项目目前产品营收如何？ 雄韬股份（002733.SZ）11月25日在投资者互动平台表示，公司氢能源项目产品营收占比不高，有很大 的上升空间。 ...

Core Viewpoint - The company acknowledges that its hydrogen energy project currently has low revenue contribution but sees significant growth potential in the future, especially with supportive government policies during the 14th Five-Year Plan period [1]. Company Summary - The company's hydrogen energy project revenue is currently low but has substantial room for growth [1]. - The company is actively communicating and collaborating with relevant parties to explore new development opportunities in the hydrogen energy sector [1]. - The implementation of favorable policies, such as free highway access for hydrogen vehicles in various provinces, is expected to benefit the company's hydrogen energy business [1]. Industry Summary - The hydrogen energy sector is anticipated to experience a growth surge due to strong national support for hydrogen energy policies during the 14th Five-Year Plan [1]. - The company believes that the hydrogen energy industry is entering a promising phase, with many enterprises poised for development [1].

雄韬股份所属申万行业为：电力设备-电池-蓄电池及其他电池。所属概念板块包括：氢能源、石墨烯、 储能、一带一路、IDC电源等。 截至10月10日，雄韬股份股东户数4.51万，较上期增加0.49%；人均流通股8173股，较上期减少0.49%。 2025年1月-9月，雄韬股份实现营业收入23.80亿元，同比减少9.39%；归母净利润1.06亿元，同比减少 10.40%。 分红方面，雄韬股份A股上市后累计派现4.75亿元。近三年，累计派现1.33亿元。 机构持仓方面，截止2025年9月30日，雄韬股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1619.53万股，相比上期增加1178.52万股。华商信用增强债券A（001751）位居第九大流 通股东，持股203.79万股，为新进股东。 11月25日，雄韬股份盘中上涨2.05%，截至10:28，报20.44元/股，成交8268.96万元，换手率1.11%，总 市值78.53亿元。 资金流向方面，主力资金净流入232.95万元，特大单买入0.00元，占比0.00%，卖出105.37万元，占比 1.27%；大单买入1733.10万元，占比20.96%，卖出 ...

Core Viewpoint - The stock of Xiongtao Co., Ltd. has experienced fluctuations, with a year-to-date increase of 61.91% but a recent decline of 3.47% over the past five trading days [1] Group 1: Stock Performance - As of November 17, Xiongtao's stock price was 22.25 CNY per share, with a market capitalization of 8.549 billion CNY [1] - The stock has seen a trading volume of 1.35 billion CNY and a turnover rate of 1.63% [1] - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent net purchase of 79.294 million CNY on November 11 [1] Group 2: Financial Performance - For the period from January to September 2025, Xiongtao reported a revenue of 2.38 billion CNY, a year-on-year decrease of 9.39%, and a net profit attributable to shareholders of 106 million CNY, down 10.40% year-on-year [2] - The company's main business revenue composition includes 60.26% from batteries and materials, 39.58% from lithium batteries, and minimal contributions from fuel cells [2] Group 3: Shareholder Information - As of October 10, the number of shareholders for Xiongtao was 45,100, an increase of 0.49% from the previous period [2] - The average circulating shares per person decreased by 0.49% to 8,173 shares [2] - The company has distributed a total of 475 million CNY in dividends since its A-share listing, with 133 million CNY distributed over the last three years [3]

Core Insights - China has established itself as the "world battery factory" due to its comprehensive advantages in technology research and supply chain integration, while facing both short-term challenges and long-term restructuring in the battery new energy industry [1][20] Industry Developments - The 12th China (Suzhou) International Summit Forum on Battery New Energy Industry was held from November 11 to 13, focusing on "Innovation and Adaptation to Reshape Value," gathering over 500 representatives from various sectors to explore development paths and high-quality growth in the industry [3] - The battery new energy industry has transitioned from a phase of scale expansion to a new cycle of value creation, although it is still undergoing deep adjustments with ongoing price wars and uncertainties from international trade barriers and raw material price fluctuations [5][6] Technological Innovations - Solid-state and sodium-ion battery technologies are crucial for overcoming competition and profit pressures in the battery new energy sector, with a focus on technological breakthroughs and strategic innovation [7][20] - Solid-state batteries are recognized for their high safety, energy density, and long cycle life, with demand expected to reach 156 GWh by 2030 as the technology matures and costs decrease [11] - Sodium-ion batteries are gaining traction due to their cost advantages, projected to be 30% lower than lithium batteries, and the growing market for electric two- and three-wheelers in China [20] Market Trends - The battery technology landscape is diversifying, with trends indicating that both ternary and lithium iron phosphate batteries will coexist in the long term, and high energy density batteries will be essential for advanced electric vehicles and eVTOLs [25] - The industry is witnessing a shift towards proactive safety technologies that aim to detect risks early, contrasting with traditional methods that react post-incident [31] Strategic Focus - Companies are urged to prioritize technology, market orientation, supply chain integration, and ecological sustainability to navigate industry challenges and capitalize on new opportunities [31]

Group 1 - The stock of Xiongtao Co., Ltd. reached the daily limit, with a turnover rate of 14.71% and a transaction volume of 1.341 billion yuan, showing a fluctuation of 10.31% [2] - Institutional investors net bought 44.6271 million yuan, while the Shenzhen Stock Connect saw a net purchase of 12.5277 million yuan, with a total net buying from brokerage seats amounting to 22.1394 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to a price deviation of 10.47%, with institutional specialized seats contributing to the majority of net purchases [2] Group 2 - As of November 10, the margin trading balance for the stock was 519 million yuan, with a financing balance of 519 million yuan and a securities lending balance of 744.5 thousand yuan [3] - Over the past five days, the financing balance increased by 5.6234 million yuan, reflecting a growth rate of 1.10%, while the securities lending balance rose by 23.9 thousand yuan, marking a 3.31% increase [3] - The top five brokerage seats for buying and selling on November 11 included significant purchases from Guotai Junan Securities and institutional specialized seats, with total buying amounting to 99.7283 million yuan and selling at 6.36864 million yuan [3]

Market Overview - The battery sector increased by 0.25% compared to the previous trading day, with Fangyuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Top Gainers in the Battery Sector - Fangyuan Co., Ltd. (688148) closed at 12.91, up 19.65% with a trading volume of 1.1317 million shares and a transaction value of 1.384 billion [1] - Haike Xina (301292) closed at 56.65, up 16.80% with a trading volume of 333,400 shares and a transaction value of 1.765 billion [1] - Yishitong (688733) closed at 33.98, up 10.50% with a trading volume of 274,200 shares and a transaction value of 908 million [1] - Xiongtao Co., Ltd. (002733) closed at 25.36, up 10.02% with a trading volume of 542,400 shares and a transaction value of 1.341 billion [1] Top Losers in the Battery Sector - Defu Technology (301511) closed at 31.40, down 6.16% with a trading volume of 345,200 shares and a transaction value of 1.103 billion [2] - Jiayuan Technology (688388) closed at 35.55, down 5.45% with a trading volume of 258,000 shares and a transaction value of 928 million [2] - Tongguan Copper Foil (301217) closed at 31.06, down 4.52% with a trading volume of 286,800 shares and a transaction value of 904 million [2] Capital Flow in the Battery Sector - The main funds in the battery sector experienced a net outflow of 1.388 billion, while retail investors saw a net inflow of 1.108 billion [2][3] - The top stocks with significant capital inflow include Xiongtao Co., Ltd. with a net inflow of 299 million, and Nandu Power with a net inflow of 192 million [3] - Conversely, stocks like Defu Technology and Jiayuan Technology experienced notable net outflows of 1.162 billion and 395.458 million respectively [3]