Core Viewpoint - Hubei EVE Power Co., Ltd., a subsidiary of EVE Energy Co., Ltd., has signed a strategic cooperation agreement with China Huadian Corporation Hubei Branch to collaborate in five key areas related to new energy projects and development [1] Group 1: Strategic Cooperation Areas - The cooperation will focus on the development of new energy projects and supporting chemical energy storage [1] - The partnership will also involve the construction and development of the electricity market [1] - Integration of energy and power development will be a significant aspect of the collaboration [1] - The agreement includes initiatives for green electricity direct connection and distributed projects [1] - The construction of zero-carbon parks is also a key area of focus in the partnership [1]

Investment Rating - The report rates the energy storage industry as "Outperform the Market" [1][4][5] Core Insights - The energy storage industry is experiencing rapid growth, with significant demand in emerging markets expected to drive future opportunities [2][3][4] - The domestic market in China is seeing a surge in energy storage system and battery shipments, with 110 GWh of systems and 265 GWh of batteries shipped in the first half of 2025, marking year-on-year increases of 101% and 128% respectively [1][3][56][57] - The U.S. market is also showing growth due to the "Inflation Reduction Act," which is expected to boost energy storage demand in the short term [1][27][29] - Emerging markets, particularly in the Middle East, Southeast Asia, and Africa, are anticipated to become significant export destinations for Chinese energy storage companies due to power shortages and supportive government policies [2][4][54] Summary by Sections Domestic Market Performance - In the first half of 2025, China achieved energy storage tenders of 126.3 GWh and winning bids of 189.8 GWh, reflecting year-on-year increases of 101% and 182% respectively [1][44] - The domestic energy storage system shipment reached 110 GWh, nearing the total for 2024, with expectations of over 200 GWh for the full year [56] - The domestic energy storage battery shipments were 265 GWh, with projections of over 500 GWh for the year, indicating a growth rate of nearly 50% [57] International Market Trends - The U.S. energy storage market is projected to grow, with a 30% year-on-year increase in installed capacity in the first half of 2025 [1][27] - In Europe, energy storage demand is also rising, with Germany showing a 130% increase in front-of-the-meter storage installations in the first half of 2025 [1][36] - Emerging markets are expected to see explosive growth in energy storage installations, with projections of 37 GWh in 2025, a year-on-year increase of 256% [2][51] Investment Recommendations - The report suggests focusing on leading companies in the energy storage supply chain, including Yangguang Electric, Ningde Times, and Yiwei Lithium Energy, as they are well-positioned to benefit from the growing demand in both domestic and international markets [4][5][113]

Core Insights - The report highlights a recovery in the profitability margins of the lithium battery industry, driven by strong demand from the electric vehicle (EV) and energy storage sectors, with a significant increase in production and sales volumes [2][3] - The report emphasizes two main investment themes: industry performance recovery and breakthroughs in solid-state battery technology [2][3] Demand Side - The demand for lithium batteries is being driven by the dual forces of electric vehicles and energy storage, with a notable increase in sales and production [3][30] - In the first half of 2025, China's new energy vehicle sales reached 6.94 million units, a year-on-year increase of 40.31%, with a penetration rate of 44.33% [3][22] - Exports of new energy vehicles also saw a remarkable growth of 75.21% year-on-year, indicating strong demand from emerging markets [3][25] Supply Side - The lithium battery industry is experiencing a recovery in profitability, with overall revenue in Q1 2025 reaching 187.11 billion yuan, a year-on-year increase of 14.82% [4][49] - The competitive landscape is improving, with Chinese companies gaining market share in both domestic and international markets, particularly in the production of power and energy storage batteries [4][49] - Capital expenditures in the lithium battery sector are showing signs of recovery, with Q1 2025 marking the first positive growth after seven consecutive quarters of decline [4][49] New Technology - Solid-state battery technology is advancing rapidly, entering a critical phase of technical validation, which is expected to drive upgrades across the industry [9][4] - The report identifies key segments within the solid-state battery supply chain, including battery cells, electrolytes, and materials, where companies with technological advantages are likely to benefit [9][4] Investment Recommendations - The report suggests focusing on leading companies in the lithium battery sector that are poised for performance recovery, as the industry is currently valued at a low point compared to historical averages [2][4] - It also recommends monitoring companies that are leading in the development of solid-state battery technologies, as these advancements are expected to significantly enhance battery performance [9][4]

Investment Rating - The report maintains an "Outperform" rating for the energy storage industry [5][4][6]. Core Insights - The energy storage industry is experiencing rapid growth, particularly in emerging markets, driven by power shortages and supportive government policies [2][4][54]. - The demand for energy storage systems is expected to remain strong in 2025, with significant increases in both domestic and international markets [1][3][56]. - The "Big and Beautiful" act in the U.S. is anticipated to boost short-term demand for energy storage, although a decline in demand may occur post-2026 [27][29]. Summary by Sections Industry Overview - In the first half of 2025, domestic energy storage system shipments reached 110 GWh, nearly matching the total for 2024, with battery shipments at 265 GWh, a year-on-year increase of 128% [1][56]. - The U.S. saw a 30% year-on-year increase in installed front-of-the-meter storage, reaching 5.65 GW in the first half of 2025 [1][27]. Emerging Markets - Emerging markets are projected to become significant export destinations for domestic energy storage companies, with orders from the Middle East, Australia, and East Asia reaching 35 GWh, 33 GWh, and 24 GWh respectively [2][51]. - The report forecasts a substantial increase in energy storage demand in regions facing power shortages, such as Southeast Asia, South Africa, and India [54][55]. Global Market Outlook - The global energy storage market is expected to see new installed capacity of 221 GWh in 2025, with a projected market value of 1787 billion yuan [3][96]. - Emerging markets are anticipated to achieve a cumulative installed capacity of 40.5 GWh by 2025, reflecting a 293% year-on-year growth [3][96]. Investment Recommendations - The report suggests focusing on leading companies in the energy storage supply chain, including Yangguang Electric, Ningde Times, and Yiwei Lithium Energy, due to their strong market positions and growth potential [4][113].

7月31日，创业50ETF（159682）开盘涨0.29%，报1.043元。创业50ETF（159682）重仓股方面，宁德时 代开盘涨1.34%，东方财富跌0.59%，汇川技术跌0.09%，中际旭创涨4.94%，迈瑞医疗涨0.00%，新易盛 涨4.54%，阳光电源跌0.79%，胜宏科技涨3.00%，亿纬锂能跌0.20%，同花顺跌0.95%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 创业50ETF（159682）业绩比较基准为创业板50指数收益率，管理人为景顺长城基金管理有限公司，基 金经理为汪洋、张晓南，成立（2022-12-23）以来回报为3.99%，近一个月回报为11.03%。 来源：新浪基金∞工作室 ...

Company Performance - As of July 30, 2025, at 15:10, EVE Energy's stock price was 45.99 CNY, down by 1.60 CNY, representing a decline of 3.36% from the previous trading day [1] - The opening price for the day was 47.48 CNY, with a highest price of 47.59 CNY and a lowest price of 45.78 CNY [1] - The trading volume reached 319,300 lots, with a total transaction amount of 1.486 billion CNY [1] Industry Overview - EVE Energy is part of the power equipment industry, which performed poorly on the same day [1] - The industry experienced a net outflow of 8.074 billion CNY in capital [1] - EVE Energy ranked fifth in terms of net capital outflow within the industry, with a net outflow amounting to 287 million CNY [1]

Investment Rating - The industry investment rating is "Overweight" [9][30]. Core Views - The report highlights strong demand for commercial vehicles and favorable conditions for large-scale energy storage in China, leading to a month-on-month increase in lithium battery production in August [1]. - The report anticipates limited price reduction space in the battery and materials segments due to sustained demand growth and improved capacity utilization rates, particularly in Q3 [1]. - The report recommends several companies, including CATL, Yiwei Lithium Energy, and Xinwangda, as well as companies in the 6F and positive electrode materials sectors [1][5]. Summary by Sections Lithium Battery Production - In August, lithium battery production reached 110.3 GWh, a month-on-month increase of 1.5%, with positive and negative electrode production increasing by 2.6% and 2.3%, respectively [1]. - The demand for electric commercial vehicles and large-scale energy storage is driving this growth, indicating a continued upward trend in the lithium battery industry [1]. New Energy Vehicles - In July 2025, domestic retail sales of new energy vehicles reached 1.01 million units, a year-on-year increase of 15%, with a cumulative sales increase of 29.1% for the first seven months [2]. - The penetration rate of new energy heavy trucks in China reached 14.69%, with sales increasing by 186% year-on-year [2]. Energy Storage - The report notes that the profitability model for large-scale energy storage in China is gradually improving, with a significant increase in bidding scale [4]. - In the first half of 2025, the bidding scale for energy storage reached 176.59 GWh, a year-on-year increase of 180.57% [4]. Recommendations - The report recommends the following companies for investment: - CATL (300750 CH) with a target price of 341.24 and a "Buy" rating [7]. - Yiwei Lithium Energy (300014 CH) with a target price of 49.20 and a "Buy" rating [11]. - Xinwangda (300207 CH) with a target price of 23.18 and a "Buy" rating [12]. - Tianci Materials (002709 CH) with a target price of 22.80 and a "Buy" rating [12]. - Fulian Precision (300432 CH) with a target price of 26.77 and a "Buy" rating [14].

Core Viewpoint - The establishment of Jingmen Yiwei Comprehensive Energy Service Co., Ltd. marks a significant expansion for Yiwei Lithium Energy in Hubei Jingmen, focusing on energy storage and renewable energy services [2][3]. Company Establishment - Jingmen Yiwei Comprehensive Energy Service Co., Ltd. was registered on July 23, with a registered capital of 5 million yuan, and its business scope includes energy storage technology services, energy management services, battery leasing, and power generation services [2][4]. - The company is wholly owned by Hubei Yiwei Power Co., Ltd., which is a subsidiary of Yiwei Lithium Energy, indicating further investment in the region [3]. Production Capacity and Expansion - Yiwei's Jingmen base has rapidly expanded its production capacity from 3 GWh to 169 GWh, with a projected output value exceeding 40 billion yuan in 2024 [5]. - The largest energy storage battery factory in China is under construction at this site, with a total investment of 10.8 billion yuan and a planned annual capacity of 60 GWh [6]. - The total production capacity of the Jingmen base is expected to reach 212 GWh, with an annual output value aiming for 100 billion yuan [7]. Product Development - The MB56 battery, a large-capacity energy storage battery, has been recognized as the first mass-produced 600Ah+ large cell in the industry [8]. - Yiwei Lithium Energy's MB56 battery has received certification under the new national standard for power storage lithium-ion batteries [9]. Market Performance - In 2024, Yiwei Lithium Energy is projected to achieve a revenue of 19.027 billion yuan from energy storage batteries, marking a year-on-year growth of 16.44% [11]. - The company has reported that energy storage battery shipments exceeded those of power batteries in Q1 2025, reaching 12.67 GWh, a year-on-year increase of 80.54% [12]. International Expansion - Yiwei Lithium Energy is planning overseas energy storage projects, including a new battery project in Malaysia with an investment of up to 8.654 billion yuan [13]. - The Malaysian factory is expected to have a capacity of 10 GWh to 15 GWh and aims to support global deliveries by the end of the year [14]. Financial Strategy - Yiwei Lithium Energy is seeking a secondary listing in Hong Kong, which could significantly boost funding for its overseas projects and accelerate its global strategy [15].

广东新能源产业 产值规模已达 1.1万亿元_南方 +_南方plus 绿色低碳产业既 是碳达峰碳中和 战略目标的重要 支撑，也是推动 广东省高质量发 展的新动能，在 全球共同应对气 候变化的大背景 下，战略意义重 大，市场前景广 阔。7月28日-29 日，广东省十四 届人大常委会第 二十次会议在广 州召开。会议审 议了省人民政府 关于发展绿色低 碳产业情况的报 告（下称"报 告"）。报告指 出，广东省政府 及有关部门在省 人大常委会的支 持和指导下，不 断完善绿色低碳 政策体系，强化 低碳领域科技创 新，深化制造业 绿色升级，以重 点领域绿色转型 牵引产业发展， 充分发挥支撑保 障体系作用，推 动新型能源与新 能源产业协同发 展，取得显著成 效。 累计创建国家级 绿色工厂400家 报告显示，在传 统产业绿色转型 方面，广东省累 计创建国家级绿 色工厂400家， 建成国内首套百 万吨级氢基竖炉 项目。 在绿色基建方 面，大力发展智 能建造、绿色建 造和装配式建 筑，全省绿色建 筑总面积已超10 亿平方米，绿色 建筑面积占新建 建筑面积比例超 95%。在绿色能 源方面，形成包 括研发制造、工 程设计、施工安 装、运 ...

近日，证券之星第三届ESG新标杆企业评选结果揭晓，亿纬锂能凭借在环境、社会和治理(ESG)领域的卓越实践，荣获"ESG新标杆企业奖"。 该奖项是由证券之星联合妙盈科技等专业权威机构，在中国首席经济学家论坛等指导下设立的ESG领域权威奖项，旨在挖掘并表彰在环境(如低碳减排、绿色供应链)、社会(如乡村振兴、公益慈 亿纬锂能聚焦质量提升和技术创新，实现了高质量发展。公司致力于"以全场景锂电池方案，加速万物互联"，面向数字化驱动的可持续未来，依托"全球制造、全球合作、全球服务"能力体系， 环境方面，亿纬锂能致力于低碳减排和绿色供应链建设。2024年，公司发布了CREATE碳中和战略，目标是在2030年实现运营碳中和，2040年实现核心价值链碳中和。公司还积极投资和合作推 与此同时，亿纬锂能构建了负责任的绿色供应链，从原材料采购到产品交付的全过程中，严格筛选供应商，确保其符合环境、社会和治理标准；通过与供应商合作，推动绿色制造、绿色运输和资 社会方面，亿纬锂能始终不忘全社会给予的信任与支持，坚持把企业发展与承担社会责任相结合。对内，亿纬锂能正在持续健全人力资源制度，构建和谐、进取、包容的氛围，打造个人与公司共 公司治理 ...