2025.12.16 本文字数：885，阅读时长大约1分钟 作者 |一财阿驴 智能驾驶概念逆势拉升，浙江世宝、索菱股份、北汽蓝谷等10余股涨停。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 920092 次鑫科技 | | +29.99% | 39.75 | | 300552 万集科技 | | +20.02% | 28.06 | | 300516 | 久之洋 | +20.00% | 67.21 | | 9060Z6 | 舜宇精工 | +19.94% | 31.88 | | 300771 | 智莱科技 | +15.71% | 16.72 | | 300342 | 天银机电 | +10.10% | 26.92 | | 603528 | 多伦科技 | +10.04% | 10.41 | | 002703 | 浙江世宝 | +10.04% | 13.15 | | 603123 | 密微股份 | +10.03% | 12.84 | | 600733 | 北汽蓝谷 | +10.01% | 8.24 | | 002813 | 路畅科技 | +10.01% | 28.4 ...

【主力资金监控：阳光电源净卖出超17亿】智通财经12月16日电，智通财经星矿数据显示，今日主力资 金净流入商贸零售、汽车整车、纺服行业等板块，净流出电新行业、电子、机械设备等板块，其中电新 行业净流出超129亿元。个股方面，永辉超市资金净买入26.04亿元位居首位，N昂瑞-UW、恒宝股份 （维权）、北汽蓝谷主力资金净流入居前；阳光电源遭净卖出超17亿元位居首位，中际旭创、新易盛、 中国铀业主力资金净流出额居前。 转自：智通财经 ...

Investment Rating - The report rates the industry as "stronger than the market" [2] Core Insights - The report highlights a significant increase in the bidding scale for new energy storage in November, indicating a sustained high demand for energy storage cells [1][5] - The production of photovoltaic (PV) modules in China decreased by 2.43% month-on-month in November, while energy storage demand remains robust [2][5] - The report suggests focusing on companies related to solar and storage sectors, recommending specific stocks such as Sunshine Power, Nandu Power, and others [2] Summary by Sections Production - In December 2025, the production forecast for China's market of power, storage, and consumer batteries is 220 GWh, a month-on-month increase of 5.3%, with energy storage cells accounting for approximately 35.3% [2][9] - The global production forecast for the same categories is 235 GWh, reflecting a month-on-month growth of 3.1% [2] Prices - As of December 10, 2025, the price of polysilicon remains stable at 52.00 CNY/kg, while the average price for lithium iron phosphate battery storage systems is 0.5721 CNY/Wh, showing a month-on-month decrease of 6.4% [2][10] Domestic Demand - In October 2025, the domestic PV installation reached 12.6 GW, a month-on-month increase of 30.4%, with a cumulative installation of 252.87 GW year-on-year growth of 39.5% [2][19] - The bidding scale for EPC/PC and energy storage systems in November reached 21.8 GW and 64 GWh, marking a month-on-month increase of 65% [2][21] Overseas Demand - In October 2025, the export value of PV modules was approximately 2.258 billion USD, a year-on-year increase of 4.39% but a month-on-month decrease of 19.34% [2][26] - The report notes a significant growth potential in emerging markets, particularly in Australia, where inverter exports have seen a year-on-year increase exceeding 200% [2][29]

Summary of the Equity Research Report on China Energy Storage Equities Industry Overview - The report focuses on the Energy Storage System (ESS) industry, particularly in China and the global market dynamics affecting it [2][12]. Key Insights - **Global ESS Installation Forecasts**: The global ESS installation forecasts for 2026 and 2027 have been raised to 430 GWh and 516 GWh, respectively, from previous estimates of 401 GWh and 487 GWh. This adjustment reflects stronger-than-expected global ESS battery shipments, which increased by 93% year-over-year in Q3 2025 [3][12]. - **Drivers of Growth**: The increase in battery shipments is attributed to supportive policies in China and front-loaded installations in the US due to upcoming foreign entity of concern (FEOC) requirements [3][12]. - **AI Data Centers (AIDC) Impact**: AIDC is expected to contribute significantly to ESS demand, with an estimated annual demand of 25 GWh in 2026, potentially rising to 32 GWh by 2035 [3][15]. Company Analysis - **Eve Energy and Sungrow**: Both companies are rated as "Buy." Eve Energy is the second-largest ESS battery supplier globally with a 16% market share, while Sungrow is the second-largest ESS integrator with a 14% market share [4][16]. - **Price Forecasts**: Target prices for Eve Energy have been raised to RMB 111.00 from RMB 100.00, and for Sungrow to RMB 226.00 from RMB 168.00. Earnings forecasts for Sungrow have been increased by 26-39% for 2025-2027, while Eve's forecasts have been adjusted by 1-3% [5][6]. Financial Metrics - **Earnings Estimates**: - Sungrow's 2025-2027 earnings forecasts have been increased due to higher ESS shipment forecasts and ASP (average selling price) adjustments [5]. - Eve's administrative expenses have been reduced, leading to a slight increase in earnings forecasts [5]. Market Dynamics - **China's ESS Market**: China accounted for approximately 60% of global ESS demand in 2024. The market is expected to grow significantly due to new policies and a reduction in ESS prices, which have halved since 2023 [35][38]. - **US Market Conditions**: The US market is anticipated to see a surge in ESS installations due to the FEOC requirements, which will limit the Chinese content in ESS projects starting in 2026 [14][45]. - **Middle East and Europe**: The Middle East is projected to be a significant market for ESS, driven by green initiatives, while Europe is expected to see strong growth due to supportive policies [51][52]. Risks and Considerations - **Tariff Implications**: The upcoming tariff hikes on Chinese ESS batteries may impact pricing and demand dynamics, although the report suggests that domestic production in Southeast Asia could mitigate some risks [14][31]. - **Quality Control**: New regulations in China aim to improve the quality of ESS products, which may benefit higher-quality suppliers while disadvantaging lower-standard products [13][38]. Conclusion - The ESS market is poised for significant growth driven by technological advancements, supportive policies, and increasing demand from sectors like AIDC. Companies like Eve Energy and Sungrow are well-positioned to capitalize on these trends, although they must navigate potential risks related to tariffs and market competition [16][42].

个股方面，25只个股获融资净买入额超1亿元。航天电子获融资净买入额居首，净买入7.78亿元；融资净买入金额居前的还有中国平安、胜宏科技、阳光电 源、寒武纪、通宇通讯、新易盛、菲利华、摩尔线程、中科曙光等。 | 序号 | | | | | | --- | --- | --- | --- | --- | | | 证券代码 ◆ | 证券简称 = | 交易日期 ◆ | 融资净买入额(万元) ◆ | | 1 | 600879.SH | 航天电子 | 2025-12-15 | 77,847.53 | | 2 | 601318.SH | 中国平安 | 2025-12-15 | 66,889.42 | | 3 | 300476.SZ | 胜宏科技 | 2025-12-15 | 62,443.30 | | 4 | 300274.SZ | 阳光电源 | 2025-12-15 | 53,735.38 | | 5 | 688256.SH | 寒武纪 | 2025-12-15 | 45,796.87 | | 6 | 002792.SZ | 通宇通讯 | 2025-12-15 | 39,164.11 | | 7 | 300502.SZ | ...

（原标题：主力资金丨3股尾盘获主力资金重点出击） 国防军工行业主力资金净流入15.73亿元，远超其他行业。 A股三大指数今日（12月15日）集体回调。行业板块涨跌互现，保险、商业百货、食品饮料、化纤行 业、贵金属板块涨幅居前，船舶制造、能源金属、半导体、生物制品、消费电子板块跌幅居前。 据证券时报·数据宝统计，今日沪深两市主力资金净流出360.27亿元。从行业来看，申万一级行业中有9 个行业主力资金净流入，其中国防军工行业主力资金净流入15.73亿元，远超其他行业；商贸零售、食 品饮料、房地产、纺织服饰行业主力资金净流入金额分别为7.63亿元、5.92亿元、1.64亿元、1.47亿元。 22个主力资金净流出的行业中，电子行业主力资金净流出金额居首，为102.58亿元；有色金属、电力设 备行业主力资金净流出金额均超40亿元；通信、机械设备、计算机、传媒行业主力资金净流出金额均超 20亿元。 商业航天概念股获主力资金抢筹 从个股来看，60股主力资金净流入超1亿元，其中11股净流入金额在3亿元及以上。 商业航天概念股雷科防务、三维通信、通宇通讯主力资金分别净流入14.12亿元、7.08亿元、5.9亿元， 排名前三位 ...

【振幅大】 -今日A股共有6只个股振幅超过20%； -科强股份、天力复合等个股振幅居前； -雷科防务、三维通信、通宇通讯、海马汽车、东方日升主力资金净流入规模居前，分别净流入14.11亿 元、7.08亿元、5.90亿元、5.31亿元、5.30亿元； -长盈精密、立讯精密、阳光电源、航天发展、三花智控主力资金净流出规模居前，分别净流出14.62亿 元、13.27亿元、10.27亿元、7.93亿元、7.22亿元。 -中国铀业、龙洲股份等个股换手率居前； 【主力资金】 -主力资金今日净流入国防军工、商贸零售、食品饮料等板块，净流出电子、有色金属等板块； 【换手率高】 -今日A股共21只个股换手率超30%； ...

电力设备行业今日下跌1.15%，全天主力资金净流出59.19亿元，该行业所属的个股共364只，今日上涨 的有132只，涨停的有8只；下跌的有227只，跌停的有2只。以资金流向数据进行统计，该行业资金净流 入的个股有130只，其中，净流入资金超亿元的有7只，净流入资金居首的是东方日升，今日净流入资金 5.29亿元，紧随其后的是金风科技、德福科技，净流入资金分别为2.99亿元、2.02亿元。电力设备行业 资金净流出个股中，资金净流出超亿元的有22只，净流出资金居前的有阳光电源、特变电工、中国西 电，净流出资金分别为9.31亿元、6.97亿元、4.51亿元。（数据宝） 电力设备行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300118 | 东方日升 | 20.02 | 19.26 | 52921.48 | | 002202 | 金风科技 | 3.06 | 7.68 | 29861.77 | | 301511 | 德福科技 | 7.11 | 15.38 | 20195.28 | | 30 ...

零售表现强势，百大集团、广百股份涨停。 保险板块走强，中国平安涨近5%创4年多新高。 12月15日，市场震荡调整，沪指盘中翻红后再度回落，创业板指低开低走。截至收盘，沪指跌0.55%，深成指跌1.1%，创业板指跌1.77%。 盘面上，市场热点快速轮动，全市场超2900只个股下跌。从板块来看， 大消费方向大涨，其中白酒概念开盘活跃，中锐股份2连板； 乳业概念快速拉升，皇氏集团、阳光乳业涨停； 算力硬件概念走弱，长飞光纤触及跌停。 沪深两市成交额1.77万亿元，较上一个交易日缩量3188亿。 个股方面，南财金融终端数据显示，中际旭创全天成交额超173亿元居首，新易盛成交额超165亿元排名第二，胜宏科技、航天发展、中国平安的成交 额均在100亿元以上。 | 沪深A股 | | | | | | 基金 债券 沪深B股 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 沢深A股 | 上证A股 | 深证A股 | 创业板 科创板 | 风险警示 | | | | | | | | | 代码 | | 名称 | ...

Investment Rating - The report maintains an "Outperform" rating for the industry [1] Core Insights - The establishment of a silicon material storage platform company is seen as a significant step towards addressing the "involution" competition in the photovoltaic industry [5][28] - The development of deep-sea wind power in Guangdong is expected to accelerate, with the establishment of Shenzhen Energy's marine energy company indicating progress in offshore wind project development [5][10] Summary by Sections Wind Power - The establishment of Shenzhen Energy's marine energy company aims to develop 3-5 offshore wind projects in Guangdong, signaling a boost in the region's offshore wind development [5][10] - The wind power index increased by 1.35%, outperforming the CSI 300 index by 1.42 percentage points, with a current PE_TTM valuation of approximately 25.32 times [4][11] Photovoltaics - The newly formed Beijing Guanghe Qiancheng Technology Co., Ltd. has a registered capital of 30 billion yuan, marking the launch of a long-anticipated "polysilicon capacity integration acquisition platform" [5][28] - The establishment of this platform is viewed as a key measure to mitigate the competitive pressures within the photovoltaic sector [5][28] Energy Storage & Hydrogen Energy - Energy storage facilities have been included in the REITs project list, providing a new exit strategy for operators and addressing the challenges of large investment scales and long recovery periods [6] - The report recommends investments in domestic and international large-scale storage, highlighting companies like Sungrow Power Supply and Shanghai Electric Power Equipment [6]