Core Insights - The company, Nandu Power (300068), anticipates that its revenue from lithium batteries for data centers will double next year compared to this year [1] Company Overview - Nandu Power's primary customers in North America are major internet companies in the United States [1]

公司始终坚持技术创新引领企业发展，坚持研发一代储备一代。 1994 年成立，即是国内率先以国产替代进口的新能源电池企业；2001 年进军锂电产业，同年，作为创始股东开始进行氢燃料电池的布局与 研发；2010 年起进行储能电池及系统开发，完成国内外 100 余个示范 项目的投运；2016 年起率先在国内推进储能商业化应用；2017 年开始 全固态锂电池的研制，2024 年项目通过浙江省科技厅重点研发项目验 收公司设有行业内首个国家认可实验室、国家级博士后科研工作站、 浙江省级院士专家工作站、浙江省装备电子重点企业研究院等先进的 研发平台，覆盖锂电、铅电、储能系统、电控及新材料等关键领域， 实现了从材料到系统集成的全栈自研。 公司自 2020 年开始战略转型，历经几年基本完成业务结构、产能 结构的整体转型及调整。2024 年底公司转型已经基本完成，无论从客 户结构还是产品结构，乃至行业的布局，都可以看到公司的转型的成 绩。加之公司有着三十年行业深耕积累的广泛渠道和品牌影响力，未 来，公司的经营质量将会大幅改善。 证券代码:300068 证券简称:南都电源 浙江南都电源动力股份有限公司 2025 年 9 月 8 日 ...

Group 1 - The core viewpoint of the article highlights that Nandu Power (300068) has provided insights into its lithium and lead battery production capacity utilization rates for the first half of 2025, which are 70.4% and 62.5% respectively [1] - The company currently has an unfulfilled order backlog of 7.8 GWh for large storage systems, with 2.3 GWh of this backlog coming from overseas markets [1] - Key overseas markets for the company include Australia, Europe, the United Kingdom, and the Middle East [1]

证券日报网讯南都电源（300068）9月8日在互动平台回答投资者提问时表示，公司目前有全固态、半固 态等固态电池相关技术及产品研发储备。其中，半固态产品已中标2.8GWh新型电力储能项目，主要建 设地在深圳和汕尾，将有效缓解粤港澳大湾区电力供需矛盾，该订单标志着公司固态储能电池技术的商 业化应用。20Ah、30Ah全固态电池目前较匹配的应用场景为低空飞行器、无人机、机器人等。全固态 电池产品对2025年度业绩不产生较大影响。 ...

Core Viewpoint - Nandu Power (300068.SZ) is advancing its solid-state battery technology, with significant developments in both all-solid-state and semi-solid-state batteries, indicating a move towards commercial application in energy storage solutions [1] Group 1: Technology and Product Development - The company has ongoing research and development in all-solid-state and semi-solid-state battery technologies [1] - Semi-solid-state products have secured a bid for a 2.8 GWh new energy storage project, primarily located in Shenzhen and Shanwei, which will help alleviate power supply and demand issues in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The 20Ah and 30Ah all-solid-state batteries are currently suited for applications in low-altitude aircraft, drones, and robots [1] Group 2: Financial Impact - The all-solid-state battery products are not expected to have a significant impact on the company's performance for the year 2025 [1]

Group 1 - The two-wheeler concept sector rose by 5.52%, ranking fifth among concept sectors, with 60 stocks increasing in value [1] - Notable stocks in the sector include Huayang Racing and Tianhong Lithium, both reaching a 30% limit up, while Boshijie increased by 20% and Zhongheng Electric hit the limit up [1] - Major gainers also included Yiwei Lithium Energy and XWANDA, which rose by 16.59% and 16.16% respectively [1] Group 2 - The two-wheeler concept sector saw a net inflow of 2.696 billion yuan, with 33 stocks receiving net inflows, and 6 stocks exceeding 100 million yuan in net inflow [1] - XWANDA led the net inflow with 880 million yuan, followed by Yiwei Lithium Energy, Guoxuan High-Tech, and Nandu Power with net inflows of 440 million yuan, 437 million yuan, and 370 million yuan respectively [1] - In terms of net inflow ratios, Zhongheng Electric, Nandu Power, and Xingyun Co. ranked highest with 22.40%, 11.51%, and 11.37% respectively [2]

Core Viewpoint - The energy storage sector in the A-share market is experiencing strong performance, with several stocks showing significant gains, indicating a potential investment opportunity in this rapidly growing industry [1] Industry Summary - Energy storage is identified as one of the fastest-growing and most cost-effective sectors within the new energy industry, despite recent average market performance [1] - The market's expectations are tempered by concerns over the sustainability of rapid project releases in regions like the Middle East and a slowdown in global photovoltaic installation growth, which may impact energy storage growth [1] - However, the sector is expected to establish its own growth trajectory, with independent storage solutions emerging, suggesting that energy storage will exceed expectations [1] Company Summary - Notable stock performances include: - Haibo Sichuang: +12.76%, market cap of 31.8 billion, YTD gain of 825.38% [2] - Huayu New Energy: +6.54%, market cap of 12.4 billion, YTD gain of 32.07% [2] - Kelu Electronics: +4.90%, market cap of 12.8 billion, YTD gain of 77.01% [2] - Nandu Power: +4.88%, market cap of 16.2 billion, YTD gain of 11.83% [2] - Pioneering Technology: +4.75%, market cap of 15.3 billion, YTD gain of 56.82% [2] - Wanli Co.: +4.04%, market cap of 1.735 billion, YTD gain of 39.75% [2] - Camel Group: +3.78%, market cap of 12.2 billion, YTD gain of 30.11% [2] - Shengyang Group: +3.40%, market cap of 7.035 billion, YTD gain of 83.30% [2]

MACD金叉信号形成，这些股涨势不错！ 格隆汇9月5日｜A股市场储能概念股走强，其中，海博思创涨超12%，华宝新能涨超6%，科陆电子、南 都电源、派能科技、万里股份涨超4%，骆驼股份、圣阳股份涨超3%。 | 代码 | 名称 | | 涨幅%↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688411 | 海博思创 | + | 12.76 | 318亿 | 825.38 | | 301327 | 华宇新能 | 家 | 6.54 | 124亿 | 32.07 | | 002121 | 科陆电子 | 1 | 4.90 | 128亿 | 77.01 | | 300068 | 南都电源 | 章 | 4.88 | 162亿 | 11.83 | | 688063 | 派能科技 | + | 4.75 | 153亿 | 56.82 | | 600847 | 万里股份 | | 4.04 | 17.35亿 | 39.75 | | 601311 | 骆驼股份 | 1 | 3.78 | 122亿 | 30.11 | | 002580 | 圣阳股份 | | 3.40 ...

Core Insights - The energy storage industry is experiencing a significant surge in demand, leading to a shortage of battery cells across various specifications, including 314Ah, 280Ah, and now even 100Ah cells [1][2] - The competition for talent in the energy storage sector has intensified, with companies offering high salaries to attract experienced professionals, reflecting a shift in market dynamics [3][4] - Despite the booming demand, the industry is facing internal competition and price wars, with some manufacturers still quoting prices that exceed the cost of the sought-after battery cells [1][2] Group 1: Talent Acquisition - The surge in demand for energy storage has led to a "talent grab," with companies offering salaries nearing $1 million for experienced roles in Europe [3][4] - Experienced professionals are being targeted by companies looking to expand their operations in overseas markets, but many firms lack the necessary infrastructure and project experience to capitalize on this demand [5][6] - The need for local teams to provide 24/7 support and installation guidance in Europe poses a significant challenge for smaller companies [11] Group 2: Order Surge - The first half of the year saw a dramatic increase in global energy storage demand, resulting in a wave of orders for Chinese energy storage companies, with new overseas orders exceeding 144GWh, a 436.27% increase year-on-year [8][7] - Major markets for these orders include the Middle East (33.95GWh), Australia (30.17GWh), and Europe (21.1GWh) [10] - However, smaller companies are struggling to secure orders, as larger firms dominate the market [10][14] Group 3: Supply Chain Challenges - The shortage of battery cells is causing significant challenges for second and third-tier energy storage manufacturers, with some unable to secure supplies even when willing to pay higher prices [14][17] - The rising cost of battery cells is impacting profit margins, with prices increasing by 3 cents per watt-hour, while market prices remain stagnant [17] - The industry is entering a phase of consolidation, where companies lacking technological advantages and scale may be forced out of the market [17][22] Group 4: Price Competition - The ongoing price war in the domestic market is leading to unsustainable practices, with about one-third of system integrators selling below cost [21] - This trend is expected to extend to international markets, potentially harming the industry's long-term health and innovation [22] - The industry faces a paradox where, despite high demand, irrational pricing strategies threaten profitability and market stability [23][24]

Group 1 - The core viewpoint of the news is that Zhejiang Nandu Power Supply Co., Ltd. is actively engaging in the energy storage market, showcasing its advancements in lithium-ion and lead-acid battery technologies, and emphasizing its commitment to innovation and global expansion [1][2] - Nandu Power has over 30 years of experience in energy storage, starting from communication storage and now focusing on various applications, including new energy storage, communication and data center storage, and residential storage [1] - The company ranks third in global market shipments of energy storage systems (DC side) in 2024 and second among Chinese companies in shipments of batteries for base stations and data centers [1] Group 2 - In the data center business, Nandu Power generated approximately 850 million yuan from lead-acid products and about 500 million yuan from lithium products in the first half of the year [2] - The company has established long-term partnerships with major domestic internet companies, operators, and financial institutions, and has collaborated with large integrators to promote high-power lithium battery systems for data centers [2] - Nandu Power achieved profitability in the second quarter, driven by high-margin orders in key global energy storage markets and rapid growth in the data center market with a diversified customer base [2] Group 3 - Nandu Power has made progress in solid-state battery technology, achieving commercial application in a global gigawatt-level energy storage project, with energy density reaching 350 Wh/kg [2] - The company's development strategy focuses on a dual-driven model of "technology research and development + market expansion," aiming for differentiated competition and continuous advancement in lithium battery-related businesses [2]