Core Viewpoint - EVE Energy has officially launched its solid-state battery production base in Chengdu, with the "Longquan No. 2" solid-state battery successfully rolling off the production line, marking a significant advancement in battery technology [1] Group 1: Production Capacity - The Chengdu production base will have an annual production capacity of nearly 500,000 battery cells once fully operational [1] - The base is being constructed in two phases, with the first phase expected to be completed by December 2025, featuring a manufacturing capability for 60Ah batteries [1] - The second phase aims to achieve an annual production capacity of 100MWh by December 2026 [1] Group 2: Product Specifications - The "Longquan No. 2" battery is a 10Ah solid-state battery with an energy density of 300Wh/kg and a volumetric energy density of 700Wh/L [1] - This battery is primarily targeted at high-end applications such as humanoid robots, low-altitude flying vehicles, and AI technologies [1]

中国储能网8月发文称，2024年还在产能过剩的储能电芯市场，最近突然进入了"加价也排不到货"的状 态，这种供需反转的速度超出了所有人的预期。宁德时代（300750）、亿纬锂能（300014）、瑞浦兰 钧、远景储能等企业的产线持续满负荷运转，订单量激增至需排队等候，有企业表示"客户加价也排不 了单"。 多位产业界人士对记者表示，海外订单激增和国内政策变化，是供需扭转的两大主要原因。其中，海外 市场的爆发式增长推动了国内储能企业订单激增，尤以新兴市场更为明显。 经济观察网据证券时报网消息，近日，证券时报记者实地走访海辰储能重庆基地发现，该工厂正在开足 马力生产。海辰储能制造板块负责人对记者表示，今年3月至今，海辰厦门和重庆工厂一直处于满产状 态，目前订单已经排到10月。 ...

Core Insights - The battery and energy storage sectors showed strong performance in the market, with significant gains for companies like Sungrow Power and Yiwei Lithium Energy [1] - The Chinese government is implementing policies to address "involution" competition, aiming to stabilize the market and promote industry consolidation [1][2] - The commercialization of solid-state batteries is accelerating, with several companies announcing advancements and production timelines [1][3] Industry Dynamics - The Chinese lithium battery production is expected to increase by 7.5% month-on-month in September 2025, with a year-on-year growth of 57.5% in the first seven months of 2025 [3] - The solid-state battery technology is advancing, with multiple automakers planning to adopt full solid-state batteries around 2027 [3] - Major lithium battery equipment manufacturers reported significant profit growth, indicating a positive outlook for the sector [3] Policy Impact - The initiative to maintain a healthy and orderly development of the lithium iron phosphate materials industry is expected to stabilize market order and alleviate pressure on companies [2] - The comprehensive rectification of involution competition is anticipated to enhance the global competitiveness of China's new energy vehicles and lithium battery industry [2] ETF Performance - The Storage Battery ETF (Guangfa 159305) rose nearly 5%, indicating active market trading and strong performance from major stocks like Sungrow Power and Yiwei Lithium Energy [2][4] - The Battery ETF (159755) also showed a significant increase, with a notable rise in major holdings, reflecting positive investor sentiment [2][4]

Demand Side - The leading battery manufacturers are projecting a shipment growth of 30-50% for 2026, exceeding the market's expectation of over 20% growth, driven by independent energy storage in China and overseas large-scale storage demand [1] - In China, the cancellation of mandatory distribution in Document No. 136 has led to a significant downward adjustment in market demand expectations, yet from January to July 2025, domestic energy storage bids reached 202 GWh, a year-on-year increase of 146%, indicating a successful commercial model for independent storage [1] - The internal rate of return (IRR) for independent storage in several provinces can reach 6%-10% or more, with expectations for continued demand growth as more provinces improve their policies by 2026 [1] Supply Side - Major battery manufacturers are maintaining tight production capacity, with companies like CATL, EVE, and Haicheng operating at full capacity, while others like Ruipu and AVIC are also significantly increasing their utilization rates [2] - Positive price signals have emerged in the domestic market, with energy storage cells experiencing consecutive price increases in June and July, and the average price for 314/280Ah cells rising to 0.295 yuan/Wh [2] - The price of PCS (Power Conversion System) has also seen an increase, with a rise of 0.005 yuan/W to 0.07 yuan/W in July 2024, indicating a clear trend of price stability in the system segment, which is expected to improve profitability across the industry chain [2] Market Performance - As of September 3, 2025, the ChiNext New Energy Index surged by 3.98%, with significant gains in constituent stocks such as Shangneng Electric (+20.01%) and Sungrow Power (+15.91%) [3] - The ChiNext New Energy ETF closely tracks the performance of the ChiNext New Energy Index, reflecting the operational characteristics of listed companies in the new energy sector [3] - The top ten weighted stocks in the ChiNext New Energy Index account for 64.15% of the total index, with major players including CATL, Sungrow Power, and EVE Energy [3]

Group 1 - Longi Green Energy's BC battery production capacity is rapidly increasing, with a sales target exceeding 10GW in Q4, and an expected rise in market share in Europe, benefiting solar technology upgrades [1] - In regions like Shandong, energy storage yields have significantly improved, with expanded peak-valley price differences stimulating demand, benefiting battery manufacturers such as Sungrow Power and EVE Energy [1] - The acceleration of new energy subsidies has led to increased receivables for companies like Jinkai New Energy, enhancing expectations for cash flow improvement in the industry [1] Group 2 - The energy storage industry has entered a rapid development phase since 2020, with electrochemical storage experiencing high growth driven by factors such as declining lithium battery costs, increased renewable energy share, home storage market expansion, and policy support [2] - Under the backdrop of intensified AI application policies, Nvidia's raised capital expenditure expectations may drive AI energy demand, creating opportunities in the power equipment and new energy sectors [2] - Both institutions analyze the development momentum in the new energy sector from the perspectives of technological evolution and market drivers [2] Group 3 - Related products include the ChiNext New Energy ETF Penghua (159261) and the Photovoltaic ETF Fund (159863) [3] - Related stocks include CATL (300750), Sungrow Power (300274), Huichuan Technology (300124), EVE Energy (300014), Lead Intelligent (300450), Xinwanda (300207), Jiejia Weichuang (300724), Robotech (300757), Jinli Permanent Magnet (300748), and New Zobang (300037) [3]

Group 1 - The energy storage sector experienced a strong rebound on September 3, with several companies reaching their daily price limits [1] - Notable performers included Tongrun Equipment and Baoxin Technology, which both hit the upper limit, while Haibo Sichuang, Yiwei Lithium Energy, Sunshine Power, and Shangneng Electric all surged over 10% [1] - Other companies such as Chunxing Precision and Shijia Technology also saw significant gains, indicating a broader positive trend in the energy storage market [1] Group 2 - Specific stock performance data showed Haibo Sichuang rising by 16.69% to 144.00, while Sunshine Power increased by 12.90% to 112.50 [2] - Yiwei Lithium Energy and Shangneng Electric also reported increases of 12.83% and 12.08%, respectively, highlighting strong investor interest [2] - Additional companies like Chunxing Precision and Tongrun Equipment saw gains of 10.10% and 10.01%, respectively, further emphasizing the sector's upward momentum [2]

Core Viewpoint - The semiconductor industry and new energy sectors are showing strong performance, with significant stock price increases for leading companies, while the overall market indices are experiencing slight declines [2][4]. Semiconductor Industry - Semiconductor stocks, including Chengdu Huamei and Yuanjie Technology, saw substantial gains, contributing to a recovery in the technology sector [2]. - The overall market performance showed the Shanghai Composite Index down by 0.96%, Shenzhen Component Index down by 0.63%, and the ChiNext Index close to flat [3]. New Energy Sector - Leading companies in the new energy sector, such as CATL, Sungrow Power, and EVE Energy, experienced notable stock price increases, with EVE Energy rising by 11.05% [4]. - EVE Energy announced the establishment of its solid-state battery production base, with the "Longquan No. 2" solid-state battery achieving an energy density of 300Wh/kg and a volume energy density of 700Wh/L, targeting high-end applications [4]. Cultural and Media Sector - The cultural media sector showed active performance, particularly in the gaming segment, with companies like Giant Network and Shenzhou Taiyue leading the gains [6][8]. - The gaming industry is transitioning from a "license recovery" phase to a dual-driven model of "supply increase + AI implementation," with a focus on content quality and operational efficiency [8]. Market Trends in Gaming - The domestic gaming market's actual sales revenue reached 168 billion yuan in the first half of the year, reflecting a year-on-year growth of 14.08% [8]. - Analysts highlight that the gaming industry is entering a favorable cycle, with increasing trends in paid mini-game platforms and innovations in gameplay [9].

超级赛道突传大消息。 今日A股盘中，固态电池概念股逆势走强，泰和科技强势录得20%涨停，亿纬锂能一度大涨超14%。消息面上，亿纬锂能今日发布消息称，9月2 日，亿纬锂能固态电池研究院成都量产基地正式揭牌，"龙泉二号"全固态电池成功下线。 有券商机构分析称，随着电池技术的成熟以及产业链配套的完善，固态相关新产品有望陆续发布、产能建设不断落地、终端性能预计持续获得验 证，固态电池的产业化进程加速。 集体拉升 9月3日，A股固态电池概念股集体拉升，亿纬锂能一度大涨超14%，截至午间收盘，涨幅达11.05%，泰和科技斩获20cm涨停，海博思创大涨超 13%，宁新新材涨超12%，德瑞锂电、道氏技术涨超6%，赢合科技、联得装备、美利信涨超5%，派能科技涨超4%，国轩高科、德新科技涨超3%。 9月3日，亿纬锂能微信公众号发布消息称，9月2日，亿纬锂能固态电池研究院成都量产基地正式揭牌，"龙泉二号"全固态电池成功下线。 亿纬锂能中央研究院院长赵瑞瑞介绍，成都基地总面积约11000平方米，全面投产后年产能近50万颗电芯。基地分两期建设，一期将于2025年12月 建成，具备60Ah电池制造能力；二期计划于2026年12月实现10 ...

Semiconductor and New Energy Sector - The semiconductor industry chain experienced a significant surge, positively impacting technology stocks, with companies like Chengdu Huayi and Yuanjie Technology seeing substantial gains [1] - The new energy sector was also active, with leading stocks such as CATL, Sungrow Power, and EVE Energy rising [1] Historical Highs in Leading Stocks - Several leading stocks, including Seres, Zijin Mining, Fuyao Glass, and Shandong Gold, reached historical highs during the trading session, each with a market capitalization exceeding 100 billion [2] Clinical Trials and Stock Performance - Hengrui Medicine's stock price reached a new stage high, increasing by 4.33% after announcing the approval for clinical trials of HRS-7172 tablets and SHR-A2009 injections [3] - EVE Energy's stock surged by 11.05%, following the announcement of the official unveiling of its solid-state battery production base in Chengdu, with the "Longquan No. 2" solid-state battery achieving an energy density of 300Wh/kg [3] Cultural and Media Sector - The cultural media sector showed strong performance, particularly in the gaming segment, with companies like Giant Network and Shenzhou Taiyue leading the gains [4] Gaming Sector Dynamics - The gaming sector is transitioning from a "license recovery" phase to a dual-driven model of "supply increase + AI implementation," focusing on content quality and operational efficiency [7] - The domestic gaming market's actual sales revenue reached 168 billion yuan in the first half of the year, reflecting a year-on-year growth of 14.08% [7] Industry Trends and Innovations - The gaming industry is entering a favorable cycle, with increasing trends in paid mini-game platforms and innovations in gameplay, particularly in SLG (simulation games) [8] - The potential consumer demographic, especially among female users, presents new opportunities for growth in the gaming sector [8]

Market Overview - The market experienced fluctuations with the Shanghai Composite Index leading the decline, closing down by 0.96% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.45 trillion, a decrease of 456.7 billion from the previous trading day [1] - Over 4,300 stocks fell, with notable declines in brokerage stocks, while chip stocks showed strength [1] Film and Entertainment Sector - The film box office for the summer season (June 1 to August 31, 2025) reached 11.966 billion, with a year-on-year increase of 2.76% [3][14] - Domestic films accounted for 76.21% of the box office, surpassing the same period last year [3][14] - Key stocks in the film sector included Jin Yi Film, which rose by 10.04%, and Ji Shi Media, which increased by 9.94% [2][15] Semiconductor Industry - Semiconductor equipment stocks saw significant movements, with companies like Kai Mei Te Qi and Su Da Wei Ge experiencing gains of 10% and 14.3% respectively [4] - The domestic semiconductor market is expected to grow at a compound annual growth rate of 15%-20% from 2025 to 2027, with equipment and materials segments projected to exceed 25% growth [4] Solid-State Battery Sector - Solid-state battery stocks were active, with Tai He Technology and Lu Shan New Materials both hitting the daily limit up [5][13] - The China Automotive Engineering Society will hold a review meeting for solid-state battery standards in September 2025, indicating a push towards commercialization [7][12] - Predictions suggest that the penetration rate of solid-state batteries could reach 4% by 2030 and 9% by 2035 [7] Investment Grade Bonds - The global market saw at least $90 billion in investment-grade bonds issued, nearing record highs [20] - In the U.S., 27 companies issued high-grade bonds, with total debt sales reaching $43.3 billion, marking the third-highest scale in history [20]