Investment Rating - The report does not provide specific investment ratings for the industry sectors mentioned [2]. Core Insights - The overall industry strategy focuses on the simultaneous rise in energy storage volume and price, with ongoing themes in space and AI [3]. - The new energy vehicle supply chain is entering an upward cycle, benefiting companies like CATL and EVE Energy due to the electrification upgrade and optimization of energy storage patterns [3]. - By the end of December 2025, China's electric vehicle charging infrastructure is expected to reach 20.092 million units, a year-on-year increase of 49.7% [3]. - Global energy storage battery shipments are projected to reach 640 GWh in 2025, a year-on-year increase of 82.9%, with CATL maintaining a leading position [3][25]. - The solid-state battery sector is entering a critical phase of engineering and industrialization, with companies like Xiamen Tungsten and Peking University Technology benefiting [4]. Summary by Sections Energy Storage and New Energy - The energy storage trend continues to improve, with companies like Sungrow Power and Huaneng Power benefiting from a significant increase in domestic procurement, which exceeded 100 GWh for the first time [5]. - The average price of lithium battery storage systems has rebounded by 6.39% to 0.5226 yuan/Wh [5]. - AI expansion and global grid upgrades are driving demand for power equipment, benefiting companies like TBEA and Sanyuan Electric [5]. Lithium Carbonate and Battery Materials - The supply and demand for lithium carbonate are exceeding expectations, with companies like Salt Lake Potash and Hunan Youneng benefiting from favorable market conditions [4]. - The cost of phosphoric iron lithium cathode materials has increased, with processing fees rising by 318.7 yuan/ton compared to November averages [4][27]. AI and Robotics in New Energy - The integration of AI and humanoid robots in the new energy sector is gaining traction, with companies like Zhejiang Rongtai and Keda Li benefiting from advancements in robotics [7]. - Tesla's shift towards becoming a robotics company is expected to create new growth cycles, with significant implications for the automotive industry [7][26]. Market Trends and Projections - The report highlights that the global energy storage battery shipment is expected to reach 1,090 GWh in 2026, a year-on-year increase of 70% [25]. - The market for commercial energy storage products is evolving, with larger capacity batteries becoming mainstream and driving innovation in the sector [29].

分行业看，业绩增幅预计翻倍股主要集中在基础化工、电力设备、机械设备等行业，分别有7只、5只、 4只个股上榜。 138家创业板公司2025年度业绩预告亮相，业绩预增公司有68家，占比49.28%。 证券时报·数据宝统计显示，截至1月23日，138家创业板公司公布了2025年业绩预告。按业绩预告类型 进行统计，预增公司有68家，预盈16家，合计报喜公司比例为60.87%；业绩预降、预亏、减亏公司分 别有17家、24家、10家。 业绩预喜公司中，以预计净利润增幅中值统计，共有42家公司净利润增幅超100%；净利润增幅在 50%~100%之间的有19家。具体来看，回盛生物预计净利润增幅最高。公司预计2025年度实现净利润增 幅中值为1355.24%；中泰股份、合康新能预计净利润同比增幅中值分别为677.22%、507.03%，增幅位 列第二、第三。 | 300809 | 华辰装 | 2026.01.20 | 217.84 | 42.24 | 10.95 | 机械设 | | --- | --- | --- | --- | --- | --- | --- | | | 备 | | | | | 备 | | 300796 | ...

Core Viewpoint - The performance forecasts for 2025 from eight listed companies in the energy storage sector show a clear divergence, with four companies expecting losses while four anticipate profits or significant profit growth. Despite overall performance pressure, advancements in energy storage business are highlighted as a common positive aspect among these companies [2][4]. Group 1: Companies Expecting Losses - Trina Solar expects a net loss of 6.5 billion to 7.5 billion yuan, an increase from a loss of 3.443 billion yuan in the same period last year, primarily due to rising costs of key raw materials [5][6]. - Longi Green Energy forecasts a net loss of 6 billion to 6.5 billion yuan, a decrease from a loss of 8.592 billion yuan last year, citing a challenging operating environment in the photovoltaic industry [9]. - JinkoSolar anticipates a net loss of 5.9 billion to 6.9 billion yuan, shifting from a profit of 98.9276 million yuan last year, due to intensified price fluctuations and trade protection policies [10]. - JA Solar predicts a net loss of 4.5 billion to 4.8 billion yuan, slightly widening from a loss of 4.656 billion yuan last year, impacted by increased competition and declining sales prices [12]. Group 2: Companies Expecting Profits - Kstar Science expects a net profit of 600 million to 660 million yuan, a year-on-year increase of 52.21% to 67.43%, driven by a recovery in the European energy storage market [14]. - Penghui Energy forecasts a net profit of 170 million to 230 million yuan, recovering from a loss of 252 million yuan last year, attributed to increased sales orders and revenue growth [16]. - Hekang New Energy anticipates a net profit of 50 million to 75 million yuan, a significant increase of 385.62% to 628.43% compared to last year, focusing on green energy solutions and expanding its household energy storage business [18]. - Tongfei Co. expects a net profit of 240 million to 268 million yuan, a growth of 56.43% to 74.68% year-on-year, with significant contributions from its energy storage temperature control business [19][20].

对于格陵兰岛，特朗普表示，格陵兰岛是北美的一部分，这是美国的领土。它是国家战略安全所必需的，寻 求立即谈判收购格陵兰岛，不会动用武力夺取格陵兰岛。 特朗普最新演讲！谈及多个热门话题 当地时间1月21日，美国总统特朗普在瑞士达沃斯发表演讲。他在演讲中提及美联储主席、格陵兰岛等多个热 门话题。 对于新任美联储主席候选人，特朗普表示，美联储主席鲍威尔在利率问题上行动太迟了，在不久的将来宣布 新的美联储主席人选。 第 803 期 2026-01-22 焦点事件 特朗普：已就格陵兰岛未来合作制定框架，暂时不会加征关税 美国总统特朗普21日在社交媒体发文称，他已经同北约秘书长吕特就未来达成有关格陵兰岛的协议制定了框 架，因此不会实施原定于2月1日生效、对欧洲8国加征关税的措施。 两大央企换帅！涉及7家上市公司 1月21日，国务院国资委公布了7户中央企业14名领导人员职务任免情况。 两家央企集团旗下共有七家上市公司。其中保利集团境内外控股上市公司5家，分别为：保利发展、保利置业 集团、中国海诚、保利联合、保利物业；中盐集团旗下上市公司分别为中盐化工和红四方。 其中，申兆军任中国盐业集团有限公司党委书记、董事长；免去李耀强的 ...

二是户用储能业务仍处于培育阶段，公司持续聚焦产品研发与市场能力建设，并加速拓展海外销售网络。 合康新能于1月21日发布了2025年度业绩预告，预计2025年归属于上市公司股东的净利润为5,000万元至7,500万元，较上年同期的1,029.61万元大幅增长 385.62%至628.43%。扣除非经常性损益后的净利润预计为800万元至1,200万元，较上年同期的763.72万元增长4.75%至57.17%。 此外，公司2025年的非经常性损益对净利润的影响金额约为5,000万元。 对于业绩大幅增长，公司说明主要原因包括： te CHANGE THE CHANGE THE WATER FEATURE THE WATER 一是报告期内，公司依托自身资源与行业经验，加大光伏EPC业务布局与市场拓展，推动该业务实现快速增长，带动营业收入及利润攀升； ...

证券日报网讯 1月21日，合康新能发布公告称，公司预计2025年1月1日至2025年12月31日归属于上市公 司股东的净利润为5，000万元至7，500万元，比上年同期1，029.61万元增长385.62%至628.43%，扣除 非经常性损益后的净利润为800万元至1，200万元，比上年同期763.72万元增长4.75%至57.13%。 （文章来源：证券日报） ...

Core Viewpoint - Several companies are projected to experience significant growth in net profit for 2025, with increases ranging from over 16% to more than 1400% compared to the previous year [1] Group 1: Company Projections - Nanfang Precision is expected to see a net profit increase of 1130% to 1417% in 2025 [1] - Jin'an Guoji anticipates a net profit growth of 655.53% to 871.4% for 2025 [1] - Limin Co. forecasts a net profit rise of 471.55% to 514.57% in 2025 [1] - Hekang New Energy projects a net profit increase of 386% to 628% for 2025 [1] - Baiao Intelligent expects a net profit growth of 228.34% to 337.79% in 2025 [1] - Dajin Heavy Industry anticipates a net profit increase of 121.58% to 153.23% for 2025 [1] - Yinhui Technology projects a net profit rise of 114% to 133% in 2025 [1] - Demingli expects a net profit increase of 85% to 128% for 2025 [1] - Juhua Co. forecasts a net profit growth of 80% to 101% in 2025 [1] - Ganli Pharmaceutical anticipates a net profit increase of 78.96% to 95.23% for 2025 [1] - Tongfei Co. projects a net profit rise of 56.43% to 74.68% in 2025 [1] - Jiajia Yue expects a net profit increase of 50.06% to 72.79% for 2025 [1] - Tianfu Communication anticipates a net profit growth of 40% to 60% in 2025 [1] - Shunke Zhilian projects a net profit increase of 34.94% to 59.47% for 2025 [1] - Feilihua expects a net profit rise of 31.12% to 50.22% in 2025 [1] - Hailide anticipates a net profit increase of 21.78% to 31.53% for 2025 [1] - Ligao Food projects a net profit growth of 16.06% to 23.52% in 2025 [1]

对于业绩变动原因，合康新能给出了三点解释，一是报告期内，公司依托自身资源积淀与行业经验，加 大光伏EPC业务布局与市场拓展，推动该业务实现快速增长，营业收入及利润攀升。二是报告期内，户 储业务仍处于培育阶段，公司聚焦产品研发与市场能力建设，持续加大户储业务研发投入，加速拓展海 外销售网络。三是公司2025年的非经常性损益对净利润的影响金额约为5000万元。 北京商报讯（记者 马换换 李佳雪）1月21日晚间，合康新能（300048）披露公告称，公司预计2025年实 现归属净利润为5000万元至7500万元，同比增长385.62%至628.43%。 ...

1月21日，北京合康新能（300048）科技股份有限公司(以下简称"合康新能")披露2025年业绩预告，预 计归属于上市公司股东的净利润为5000万元至7500万元，同比增长385.62%至628.43%。 合康新能披露业绩增长的原因，一是，报告期内公司依托自身资源积淀与行业经验，加大光伏EPC业务 布局与市场拓展，推动该业务实现快速增长，营业收入及利润攀升；二是，公司聚焦产品研发与市场能 力建设，持续加大户储业务研发投入，加速拓展海外销售网络，但目前公司户储业务仍处于培育阶段； 三是，非经常性损益对净利润的影响金额约为5000万元。 资料显示，合康新能是美的集团（000333）旗下从事新能源与工业自动化领域的科技企业，主要覆盖绿 色能源解决方案、户用储能及光伏并网逆变器、高压变频器三大业务。 2026年1月16日，美的集团董事长兼总裁方洪波向全球员工发表了《我们总有道路，前程崭新》的主题 演讲。其中提到，2025年公司能源业务乘势而上，加速扩张，如合康新能全栈自研户储系统在国内、海 外等市场陆续交付，分布式光伏装机量增长；科陆电子（002121）以全链路自研实现Aqua-C系列大储 产品迭代与规模出货，落地 ...

Group 1: Profit Forecasts - Limin Co. expects a net profit of 465 million to 500 million yuan for 2025, representing a year-on-year increase of 471.55% to 514.57% [1] - Guohui Energy anticipates a net profit of 1.32 billion to 1.47 billion yuan for 2025, reflecting a decline of 50.03% to 55.13% year-on-year [2] - Jiajia Yue forecasts a net profit of 198 million to 228 million yuan for 2025, indicating a growth of 50.06% to 72.79% year-on-year [3] - Xianghe Industry projects a net profit of 120 million to 148 million yuan for 2025, with an expected increase of 59.17% to 96.31% year-on-year [4] - Aojie Technology predicts a net profit of 90 million to 120 million yuan for 2025, showing a growth of 228.34% to 337.79% year-on-year [14] - Shanghai Electric expects a net profit of 1.1 billion to 1.32 billion yuan for 2025, representing an increase of approximately 47% to 76% year-on-year [15] - Tianfu Communication anticipates a net profit of 1.881 billion to 2.15 billion yuan for 2025, reflecting a growth of 40% to 60% year-on-year [16] - Yichang Technology forecasts a net profit of 150 million to 225 million yuan for 2025, indicating a year-on-year increase of 58% to 138% [29] - Shanghai Yizhong expects a net profit of 60 million to 70 million yuan for 2025, representing a significant increase of 760.18% to 903.54% year-on-year [41] Group 2: Loss Forecasts - Kexin Electromechanical anticipates a net profit of 55 million to 70 million yuan for 2025, reflecting a decline of 58.65% to 67.51% year-on-year [11][12] - Kexin Technology expects a net loss of 900 million to 1.2 billion yuan for 2025, which is an increase in loss of 78.67% to 84% year-on-year [10] - Tianyang New Materials forecasts a net loss of 250 million to 180 million yuan for 2025, compared to a loss of 213 million yuan in the previous year [20] - Bo Rui Data anticipates a net loss of 90 million to 100 million yuan for 2025, which is an increase in loss of 15.17 million to 25.17 million yuan year-on-year [19] - Xinlian Integrated expects a net loss of 577 million yuan for 2025, which is a reduction in loss of approximately 40.02% compared to the previous year [40] - Fangshilong forecasts a net loss of 4 million to 6 million yuan for 2025 [30] Group 3: Strategic Developments - Lianlong signed a strategic framework agreement with Runyinglian to enhance the reliability and efficiency of the lubricant additive supply chain in China and the Asia-Pacific region [7] - Han Jian Heshan is planning to acquire a 52.51% stake in Liaoning Xingfu New Materials Co., Ltd., with stock suspension expected for up to 9 trading days [13] - Kai Zhong Precision plans to invest 116 million yuan in a technical transformation and expansion project to meet future capacity demands [34] - Tianfu Communication is expected to engage in clinical trials for its ABA001 injection, which has received approval from the National Medical Products Administration [17]