10月16日，亿纬锂能（维权）盘中上涨2.02%，截至10:09，报82.87元/股，成交13.81亿元，换手率 0.91%，总市值1695.30亿元。 资金流向方面，主力资金净流入3654.02万元，特大单买入1.55亿元，占比11.26%，卖出1.21亿元，占比 8.74%；大单买入3.54亿元，占比25.63%，卖出3.52亿元，占比25.49%。 亿纬锂能今年以来股价涨80.16%，近5个交易日跌8.20%，近20日涨18.54%，近60日涨88.92%。 分红方面，亿纬锂能A股上市后累计派现36.43亿元。近三年，累计派现28.66亿元。 机构持仓方面，截止2025年6月30日，亿纬锂能十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股8128.92万股，相比上期减少334.21万股。易方达创业板ETF（159915）位居第三大流通股 东，持股3141.96万股，相比上期减少80.47万股。华泰柏瑞沪深300ETF（510300）位居第五大流通股 东，持股2184.57万股，相比上期增加172.24万股。广发科技先锋混合（008903）位居第八大流通股东， 持股1705.02万股，相比上 ...

Investment Rating - The report maintains an "Overweight" rating for the lithium battery industry, expecting the industry index to outperform the market index by over 10% in the next six months [5]. Core Insights - In September 2025, the production and sales of new energy vehicles (NEVs) reached historical highs, with production and sales of 1.617 million and 1.604 million units respectively, representing year-on-year growth of 23.7% and 24.6%, and month-on-month growth of 16.25% and 14.98% [4]. - The penetration rate of NEVs in September was 49.7%, up 0.9 percentage points month-on-month, while the year-to-date penetration rate was 46.1% [4]. - Battery sales also saw significant growth, with total battery production reaching 151.2 GWh in September, a month-on-month increase of 8.3% and a year-on-year increase of 35.4% [4]. - The report highlights strong demand for energy storage in both domestic and international markets, with leading battery companies operating at full capacity [4]. Summary by Sections New Energy Vehicle Market - In September 2025, NEV sales reached 1.604 million units, with pure electric vehicle sales at 1.058 million units, showing a year-on-year increase of 36.4% [4]. - Year-to-date NEV sales totaled 11.224 million units, with pure electric vehicles accounting for 7.22 million units, reflecting a year-on-year growth of 44.7% [4]. Battery Production and Sales - In September, the total battery sales were 146.5 GWh, with power batteries accounting for 110.5 GWh, representing 75.5% of total sales [4]. - The report notes that the export of batteries in September was 26.7 GWh, with power batteries making up 17.6 GWh of that total [4]. Investment Recommendations - The report suggests focusing on leading companies in the lithium battery supply chain, particularly those with technological and production advantages in solid-state electrolytes and new materials [4]. - Key companies to watch include CATL, EVE Energy, and others that are actively developing solid-state battery technologies [4].

Core Insights - The article highlights the continuous growth of China's power battery and other battery industries in the first three quarters of 2025, with significant increases in production, sales, and exports [4][14][26]. Production and Sales - In the first three quarters of 2025, the production and sales of power and other batteries reached 1121.9 GWh and 1067.2 GWh, respectively, representing year-on-year growth of 51.4% and 55.8% [4]. - In September 2025, the total production of power and other batteries was 151.2 GWh, with a month-on-month increase of 8.3% and a year-on-year increase of 35.4% [9][12]. - The cumulative sales of power and other batteries from January to September 2025 reached 1067.2 GWh, with a year-on-year growth of 55.8% [14]. Export Performance - Cumulative exports of power and other batteries in the first three quarters of 2025 amounted to 199.9 GWh, reflecting a year-on-year increase of 45.5% [4][26]. - In September 2025, the export volume of power batteries was 17.6 GWh, with a year-on-year growth of 50.9% [27][40]. Market Segmentation - In September 2025, the share of pure electric trucks in the total installation volume reached 16.0%, showing a significant year-on-year increase of 156.5% [4]. - The cumulative installation volume of power batteries from January to September 2025 was 493.9 GWh, with a year-on-year growth of 42.5% [47]. Material Types - In September 2025, the production of lithium iron phosphate batteries accounted for 79.0% of the total battery production, with a year-on-year increase of 65.4% [9]. - The sales of power batteries in September 2025 reached 110.5 GWh, with a year-on-year growth of 44.4% [20]. Company Rankings - In September 2025, the top ten companies in power battery sales included CATL, BYD, and others, with significant year-on-year growth rates [32][34]. - The cumulative sales of power batteries from January to September 2025 showed that CATL and BYD maintained their leading positions in the market [39]. Installation Concentration - In September 2025, the top two companies accounted for 63.8% of the total installation volume, indicating a slight decrease in market concentration compared to the previous year [62]. - The average installation volume per vehicle in September 2025 was 55.0 kWh, reflecting a month-on-month increase of 2.0% [63].

东兴证券认为，市场震荡消化后延续慢牛趋势。A股中期核心趋势未改，短期外部冲击影响有限，随着 4000点附近指数震荡消化整理，未来趋势维持上行趋势，流动性和高科技产业发展两大核心逻辑未有实 质性改变。策略上，建议坚定牛市信心，继续看好市场中期上行趋势。大科技板块核心地位不会动摇， 短期中美博弈对涉及海外资产和海外产业链的科技公司可能会有一定扰动作用，投资者可适当调整方 向，建议加大对自主可控板块配置力度。 资料显示，华安创业板50ETF成立于2016年6月30日，业绩比较基准为创业板50指数收益率。该基金成 立以来收益38.38%，今年以来收益44.15%，近一月收益-2.19%，近一年收益43.79%，近三年收益 29.74%。近一年，该基金排名同类853/3857。 基金经理为许之彦。许之彦自2016年6月1日管理（或拟 管理）该基金，任职期内收益44.35%。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 10月15日，A股三大指数集体上涨，截至发稿，创业板50ETF（159949）涨2.75%，成交额24.63亿元。 资金流向方面，近10日获得14.3亿元净申购。 展望后市， ...

Group 1 - The meeting between the Chinese Ministry of Industry and Apple CEO Tim Cook focused on Apple's business development in China and enhancing cooperation in the electronic information sector [1] - The Chinese official emphasized the vast investment and consumption potential of China's large-scale market and complete industrial system, committing to high-level opening-up and creating a favorable business environment for foreign companies like Apple [1] - Tim Cook expressed gratitude for the support from the Ministry and announced plans to increase investment in China, aiming for mutually beneficial development [1] Group 2 - As of October 15, 2025, the CSI Consumer Electronics Theme Index (931494) rose by 1.18%, with notable increases in component stocks such as Xinxin Precision (8.03%) and Shengyi Technology (7.48%) [1] - The CSI Consumer Electronics Theme Index includes 50 listed companies involved in component production and consumer electronics, with the top ten stocks accounting for 55.93% of the index [2] - The top ten weighted stocks in the index include Luxshare Precision (8.06%), SMIC (8.04%), and BOE Technology (6.71%) [4]

Group 1: ETF Performance - The New Energy ETF has seen a turnover rate of 3.23% with a transaction volume of 45.82 million yuan [3] - Over the past month, the New Energy ETF's scale has increased by 279 million yuan, indicating significant growth [3] - In the past week, the ETF's shares grew by 299 million shares, ranking first among comparable funds [3] - The latest net inflow of funds into the New Energy ETF is 12.93 million yuan, with a total of 200 million yuan net inflow over the last four trading days [3] - As of October 14, the New Energy ETF's net value has risen by 55.85% over the past six months, ranking 237 out of 3739 index equity funds, placing it in the top 6.34% [3] - Since its inception, the ETF has achieved a maximum monthly return of 25.07%, with the longest consecutive monthly gains lasting five months and a maximum increase of 62.44% [3] Group 2: Policy and Market Trends - The "Central Budget Investment Special Management Measures for Energy Conservation and Carbon Reduction" has been issued, supporting energy conservation and carbon reduction projects in key industries such as electricity, steel, non-ferrous metals, building materials, petrochemicals, chemicals, and machinery [3] - The new policy encourages energy conservation and carbon reduction transformations in industrial parks and clusters, as well as in infrastructure such as heating and computing power [3] Group 3: Energy Storage Developments - According to the National Energy Administration, by the end of 2024, the cumulative installed capacity of new energy storage projects in China is expected to reach 73.76 million kilowatts, which is approximately 20 times that of the end of the 13th Five-Year Plan, with a growth of over 130% compared to the end of 2023 [4] - The average storage duration is reported to be 2.3 hours, indicating advancements in energy storage capabilities [4] - The implementation of Document No. 136 marks the entry of new energy into a market-oriented trading era, enhancing the economic viability of energy storage [4] Group 4: Stock Performance - As of September 30, 2025, the top ten weighted stocks in the China Securities New Energy Index include CATL, Sungrow Power, EVE Energy, Longi Green Energy, Huayou Cobalt, TBEA, China Nuclear Power, Ganfeng Lithium, Lead Intelligent, and Three Gorges Energy, collectively accounting for 45.2% of the index [6]

Core Viewpoint - The article discusses the performance of the Chuangye 50 ETF (159682) as of October 15, highlighting its current price, trading volume, and the performance of its major holdings [1] Group 1: ETF Performance - As of the midday close, the Chuangye 50 ETF (159682) increased by 0.15%, reaching a price of 1.346 yuan, with a trading volume of 2.27 billion yuan [1] - Since its inception on December 23, 2022, the fund has achieved a return of 34.38%, while its return over the past month has been -2.15% [1] Group 2: Major Holdings Performance - Key stocks within the Chuangye 50 ETF include: - Ningde Times increased by 0.18% - Dongfang Fortune rose by 0.32% - Huichuan Technology saw a slight increase of 0.01% - Zhongji Xuchuang decreased by 0.17% - Mindray Medical fell by 0.11% - Xinyi Sheng increased by 0.13% - Sunshine Power surged by 2.64% - Shenghong Technology rose significantly by 4.55% - Yiwei Lithium Energy dropped by 0.63% - Tonghuashun decreased by 0.40% [1]

Flash | 14 Oct 2025 11:21:22 ET │ 14 pages China Battery Materials Key Takeaways from ZE Conference on Battery Value Chain – Varying ESS Demand Expectations CITI'S TAKE We presented at ZE Conference and met with 20+ industry contacts on 13-14th Oct. Mr. Hu Junlong, Founder of ZE Consulting, and Mr. Zhang Weixin, Analyst from China Futures, shared with us their latest view on battery value chain and lithium carbonate. Even though industry consensus is on a rising ESS battery demand to offset tepid EV battery ...

截至10月14日，创业板新能源ETF华夏近6月净值上涨64.88%，指数股票型基金排名90/3739，居于前2.41%。从收益能力看，截至2025年10月14日，创业板 新能源ETF华夏自成立以来，最高单月回报为29.70%，最长连涨月数为5个月，最长连涨涨幅为75.89%，涨跌月数比为5/1，上涨月份平均收益率为12.56%， 月盈利百分比为83.33%，月盈利概率为77.87%，历史持有6个月盈利概率为100.00%。截至2025年10月14日，创业板新能源ETF华夏近6个月超越基准年化收 益为3.68%。 回撤方面，截至2025年10月14日，创业板新能源ETF华夏近半年相对基准回撤0.31%。 费率方面，创业板新能源ETF华夏管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 跟踪精度方面，截至2025年10月14日，创业板新能源ETF华夏近1月跟踪误差为0.010%，在可比基金中跟踪精度最高。 截至2025年10月15日 09:51，创业板新能源ETF华夏(159368)下跌1.27%，最新报价1.4元。拉长时间看，截至2025年10月14日，创业板新能源ETF华夏近1月 累计上涨4 ...

记者丨费心懿 实习生余名伟 编辑丨骆一帆 中国锂电出口管制升级，直指高端材料及关键生产设备。 10月9日，商务部与海关总署联合发布第58号公告，宣布自2025年11月8日起，将对能量密度≥300Wh/kg的锂电池、关键材料及设 备实施出口管制，涉及正负极材料生产工艺等核心技术领域，需通过许可程序出口。 商务部新闻发言人表示，此次列管的相关物项具有明显的军民两用属性，中国依法依规实施出口管制措施，符合国际通行做 法，更好地维护了国家安全和利益，更好地履行了防扩散等国际义务。 相关措施不针对任何国家和地区，对于合法合规的出口申请，中方将在审查后予以许可。 10日当天，宁德时代单日跌幅6.82%；亿纬锂能（维权）跌10.96%；国轩高科、欣旺达等行业二线龙头跌幅均超8%；设备环节 利元亨、先导智能跌幅均超10%；负极材料龙头璞泰来盘中跌幅10%。 此后，申万电池指数连续3个交易日下跌，14日收盘跌超4%。 此次新规一经发布，也引发了市场连锁反应。 多家上市公司回应 申万电池行业指数近5个交易日走势 （来源：Wind） 近日，多家企业就上述事宜作出回应。 先导智能相关人士回应称，该政策对公司整体影响较小，先导目前海外 ...