主力资金净流出的行业有17个，电子行业主力资金净流出规模居首，全天净流出资金37.03亿元，其次 是计算机行业，净流出资金为25.01亿元，净流出资金较多的还有基础化工、商贸零售、医药生物等行 业。 电力设备行业今日上涨1.42%，全天主力资金净流入28.05亿元，该行业所属的个股共364只，今日上涨 的有263只，涨停的有19只；下跌的有95只，跌停的有1只。以资金流向数据进行统计，该行业资金净流 入的个股有182只，其中，净流入资金超亿元的有24只，净流入资金居首的是中国西电，今日净流入资 金6.21亿元，紧随其后的是东方电气、特变电工，净流入资金分别为5.81亿元、5.43亿元。电力设备行 业资金净流出个股中，资金净流出超亿元的有12只，净流出资金居前的有阳光电源、天赐材料、金风科 技，净流出资金分别为20.58亿元、4.37亿元、2.97亿元。（数据宝） 沪指12月12日上涨0.41%，申万所属行业中，今日上涨的有21个，涨幅居前的行业为有色金属、电子， 涨幅分别为1.50%、1.46%。电力设备行业位居今日涨幅榜第三。跌幅居前的行业为商贸零售、综合， 跌幅分别为1.28%、1.18%。 资金面上看， ...

进一步统计，近3个月内该股累计发生11笔大宗交易，合计成交金额为1.58亿元。 阳光电源12月12日大宗交易平台共发生3笔成交，合计成交量22.12万股，成交金额3872.30万元。成交价 格均为174.98元。从参与大宗交易营业部来看，机构专用席位共出现在3笔成交的买方或卖方营业部 中，合计成交金额为3872.30万元。 证券时报·数据宝统计显示，阳光电源今日收盘价为174.98元，上涨0.53%，日换手率为5.13%，成交额 为141.57亿元，全天主力资金净流出20.58亿元，近5日该股累计下跌3.86%，近5日资金合计净流出45.79 亿元。 两融数据显示，该股最新融资余额为134.29亿元，近5日增加3.05亿元，增幅为2.33%。 | 成交量（万 | 成交金额（万 | 成交价格 | | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | | （%） | 部 | 部 | | 9.58 | 1677.04 | 174.98 | 0.00 | | 机构专用 | 机构专用 | | 9 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2][48]. Core Viewpoints - The Central Economic Work Conference emphasized the need to deepen the rectification of "involution" competition, particularly in the photovoltaic industry, which is expected to accelerate the exit of backward production capacity and promote the recovery of industry profit margins [4][43]. - The report suggests focusing on leading new energy companies that excel in technology and scale [4][43]. Market Review - As of December 11, 2025, the Shenwan Power Equipment industry rose by 1.32% over the past two weeks, outperforming the CSI 300 index by 0.51 percentage points, ranking 12th among 31 industries [11]. - Year-to-date, the Shenwan Power Equipment sector has increased by 40.05%, surpassing the CSI 300 index by 24.36 percentage points, ranking 5th among 31 industries [11]. - The wind power equipment sector increased by 5.79%, while the photovoltaic equipment sector decreased by 0.82% in the last two weeks [16]. Valuation and Industry Data - As of December 11, 2025, the price-to-earnings (PE) ratio for the power equipment sector is 32.90 times [24]. - The PE ratios for sub-sectors are as follows: Electric Motor II at 56.45 times, Other Power Equipment II at 51.83 times, Photovoltaic Equipment at 30.06 times, Wind Power Equipment at 33.63 times, Battery at 32.83 times, and Grid Equipment at 28.49 times [24]. Company Announcements - The report highlights significant projects and developments, including the approval of the Zhejiang UHV AC Ring Network Project with a total investment of 29.3 billion yuan, which is the highest for a single UHV AC project in China [38][39]. - The report also notes various company announcements regarding share repurchases and changes in control, indicating active corporate governance within the sector [42][43]. Weekly Perspective - The report reiterates the importance of adhering to the "dual carbon" goals and promoting a comprehensive green transition, with a focus on energy efficiency and carbon reduction in key industries [4][43]. - It emphasizes the need for technological innovation and quality improvement in the photovoltaic sector, moving away from mere scale expansion [4][43].

Overview - The report highlights that the energy storage lithium battery industry is entering a new profit cycle, driven by strong demand and improved supply dynamics [1][17]. Energy Storage - The energy storage sector is experiencing a global high prosperity, with significant policy and market support leading to rapid development [5][19]. - As of September 2025, China's wind and solar power accounted for 46% of installed power capacity, while new energy storage only represented 3% and 6% of total installed capacity and new energy capacity, respectively, indicating substantial growth potential [5][28]. - The exit of mandatory storage policies has allowed independent storage to emerge as a profitable asset, with improved pricing mechanisms and market conditions [5][36]. - Domestic energy storage projects have seen a significant increase, with new installations reaching 43.7 GW in 2024, a year-on-year growth of 103% [20][24]. Lithium Batteries - The lithium battery sector is benefiting from the growth in energy storage demand, with the industry moving out of a price decline cycle and entering a phase of volume and profit recovery [15][17]. - The demand for energy storage batteries is rising, and the sales of power batteries remain robust, contributing to a healthy growth outlook [15][17]. - The supply side is improving, with many companies still operating at a loss or minimal profit, leading to a strong desire to increase prices amid high demand [5][15]. Solid-State Batteries - Solid-state batteries are seen as a key technology to overcome the performance limitations of lithium batteries, with ongoing industrialization efforts supported by policy and market participants [5][17]. - The demand for solid-state batteries is expected to grow in applications requiring high energy density and safety, such as low-altitude flying vehicles and humanoid robots [5][17]. - Key materials and equipment for solid-state battery production are making progress, with significant technological barriers that favor advanced participants in the industry [5][17]. Investment Recommendations - The report maintains a "stronger than market" rating for the energy storage and lithium battery sectors, recommending investments in leading companies such as Sungrow Power Supply, Haimo Technologies, and CATL [8][12]. - The solid-state battery sector is also highlighted for its growth potential, with recommendations to focus on companies involved in key materials and equipment [8][12].

来源：新浪基金∞工作室 12月12日，截止午间收盘，创业50ETF（159682）涨0.48%，报1.475元，成交额2.03亿元。创业50ETF （159682）重仓股方面，宁德时代截止午盘跌0.24%，中际旭创涨0.20%，东方财富涨0.57%，新易盛涨 2.63%，阳光电源跌0.59%，胜宏科技涨1.98%，汇川技术跌0.41%，迈瑞医疗涨1.46%，亿纬锂能涨 0.30%，同花顺跌0.38%。 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46.75%，近一个月回报为2.02%。 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。 ...

阳光电源股份有限公司、中建材信云智联科技有限公司、株洲变流技术国家工程研究中心有限公司、上能电气股份有限公司、厦门科华数能科技有限公司 5家企业入围。 | | 集团2026年光伏逆变器框架集中 | | | --- | --- | --- | | | 北次)中标候选人公示 | | | | 顾目规模 | 中标候选人 | | | (MW) | 阳光电源股份有限公司 | | | | 中建材信云智联科技有限公司 | | 300-400kW组串式逆 | 3000 | 株洲变流技术国家工程研究中心有限 | | 变器及其附属设备 | | 公司 | | | | 上能电气股份有限公司 | | | | 厦门科华数能科技有限公司 | | | | 心公众号 · 光伏资讯 | 12月11日，三峡集团2026年光伏固定支架框架集中采购(第一批次)中标候选人公示，入围企业共计5家：南昌南飞防火设备制造有限公司、苏州聚晟太阳 能科技股份有限公司、江苏国强兴晟能源科技股份有限公司、云南华国科技有限公司、宁夏龙祥新能源科技有限公司。 | 三峡集团2026年光伏固定支架框架集 | | | | --- | --- | --- | | 中采购(第一批次 ...

一、简介 中国质量认证中心（CQC）成立于1984年，是经中央机构编制委员会批准，由市场监管总局设立、国 务院国资委直属的国家级认证机构，现为国内规模最大、服务网络最广的综合性质量服务机构，拥有11 个产品认证分中心和36个管理体系认证分支机构，业务覆盖全球60余国。作为首批国家认监委指定强制 性产品认证机构，CQC在新能源领域主导研制国家标准52项、国际标准11项，建成光伏、储能等国家 级检测重点实验室19个。2018年，CQC获国际电工委员会电工产品互认体系（IECEECB）认可，颁发 证书占全球市场25%，是国内唯一同时具备IECRE（可再生能源）、IECEx（防爆）国际互认资质的机 构。 转自：中国质量报 中国质量认证中心有限公司—— 构网型技术标准助力光伏名企提升质量管理水平打开国际市场 三是降低企业海外合规成本。CQC编制《构网型储能出海合规工具包》，整合国际标准条款、欧盟CE 认证流程、各国海关编码等12类要素，搭建在线数据库，企业输入目标市场即可自动生成定制化合规路 径，平均缩短认证周期40%。阳光电源通过该工具包，从获取CQC认证到签约英国Fidra Energy项目仅 用时11天，较行业平 ...

Group 1 - The core viewpoint of the report is that Asian stock markets have risen approximately 25% this year, driven by a revaluation of price-to-earnings ratios, with strong support from a resilient macro environment and robust corporate earnings momentum [1] - The report highlights that South Korea and China maintain strong momentum, while India's stock market continues to reach new highs. Japan remains attractive amid accelerated reforms, and the Australian market shows steady performance [1] - The report anticipates that by mid-2026, the reality of AI returns will be tested, with a peak in the US dollar exchange rate, which will help Asian and emerging markets outperform the broader market [1] Group 2 - In China, strong earnings momentum is expected to drive a 15% upside potential, with a consensus forecast of 16% earnings growth per share by 2026. The private sector and high-tech manufacturing are expected to lead this growth [2] - The report identifies key sectors for 2026, including alternative energy (lithium batteries, solar), automotive, beauty, healthcare, industrial automation, internet technology, and semiconductors, while maintaining a cautious stance on materials and durable consumer goods [2] Group 3 - The report recommends several thematic stocks for 2026, including Tencent, CATL, Sungrow Power Supply, Mindray, Yili, Geely, Galaxy Entertainment, Huahai Pharmaceutical, Yihua Healthcare, and InnoCare Pharma [3]

Summary of Conference Call Notes Industry and Company Overview - The discussion primarily revolves around the Chinese financial market, particularly focusing on monetary and fiscal policies, the bond market, the A-share market, and specific sectors such as AI, renewable energy, non-bank financials, innovative pharmaceuticals, machinery, and commercial aerospace. Key Points and Arguments Monetary and Fiscal Policy - Monetary policy remains accommodative, but the likelihood of further easing in 2026 is low; fiscal policy is actively supportive, focusing on livelihood, consumption, technological innovation, and local government debt resolution, with a projected fiscal deficit exceeding 6 trillion yuan in 2026 [1][2] Bond Market Dynamics - Long-term bond yields have significantly increased, with 1-year, 10-year, and 30-year government bond yields rising by 6.1 BP, 20.1 BP, and 39.6 BP respectively since the second half of the year, driven by reduced expectations for monetary easing, inflation recovery, and increased supply pressure [3] A-Share Market Outlook - The A-share market is expected to continue a slow upward trend, supported by a strong RMB exchange rate and resilient domestic economic fundamentals; the market is anticipated to remain in a consolidation phase without rapid increases or significant declines [4][5] Cross-Year Market Sentiment - The core of the cross-year market sentiment is the expectation of a spring rally in 2026, with recommendations to position for potential market movements in December [6] Sector Focus for 2026 - Key sectors to watch include AI (especially CPO), renewable energy (storage), non-bank financials, innovative pharmaceuticals, machinery, and non-ferrous chemicals; opportunities also exist in Hong Kong's internet sector and commercial aerospace [7][13] Specific Company Insights - **Sungrow Power Supply**: The fundamentals remain solid despite recent price drops; price increases in the storage supply chain are demand-driven and do not pose a significant risk [8][9] - **HiSilicon**: Facing significant unlocking pressure on January 27, which may create short-term challenges; however, opportunities in the renewable energy sector post-unlocking in February are noted [9] AI Industry Prospects - The AI sector, particularly in CPO, shows a clear and high certainty outlook; recent market fluctuations due to asset restructuring in specific companies do not significantly impact the overall AI industry [10] Opportunities in Non-Ferrous Metals - Focus on copper and tin, with additional attention to silver, nickel, and rare metals, which present substantial investment opportunities in the near term [11] Non-Bank Financial Sector - The non-bank financial sector is expected to perform well in 2026, supported by regulatory measures that enhance capital space and leverage limits for quality institutions, potentially increasing ROE [12] Commercial Aerospace Investment - The commercial aerospace sector is highlighted as a significant investment theme for 2026, with ongoing attention and optimism regarding its growth potential [13] Additional Important Insights - The RMB's appreciation historically supports an upward shift in A-share valuations, indicating a positive correlation between currency strength and market performance [4] - The overall sentiment suggests a strategic focus on sectors with high growth potential and favorable market conditions as the year-end approaches [13]

以下文章来源于24潮 ，作者24潮产业研究院 24潮 . 关注全球新能源浪潮，洞见商业与传播价值 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 封面图 | 图虫创意 海外 "GWh级" 储能订单的持续涌现，证明中国储能头部企业的持续进击，正在成为改变全球储能格局的关键力量。 据24潮产业研究院 (TTIR) 不完全统计，2025年至今，10大储能巨头签订海外订单总规模合计达166.26GWh。这已经是2024年海外新 型储能市场新增装机量 (81.5GWh) 的2.04倍。 从地区分布看，澳大利亚以41.16GWh的订单量位列第一，其次是中东的38GWh，第三名是亚洲 （不包含中国） 33.642GWh，其他依 次为欧洲28.897GWh、南美12.646GWh、北美12.501GWh、非洲0.912GWh。 在企业层面，10大储能巨头海外订单量均突破4GWh，6家企业突破10GWh，前三名依次为宁德时代 (52.9GWh) 、海辰储能 (34.01GWh) 和比亚迪 (19.7GWh) 。具体海外订单明细，详见文末附录。 不过需要注意的是，很多海外订单只是意向订 ...