9月3日，A市场全天震荡分化，三大指数涨跌不一。从板块来看，光伏概念股午后走强，上能电气与科 新机电均20cm涨停，阳光电源涨超15%，春兴精工、鹿山新材、通润装备多只个股涨停。 国金证券研报表示，光伏产业链价格7月出现明显回暖，短期仍以平稳为主。截至8月下旬，国内多晶硅 致密料成交价较上月底略有上涨，单晶硅片、太阳能电池价格小幅反弹，组件价格保持平稳。行业基本 面出现积极变化，底部特征显现。 0:00 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） ...

Core Viewpoint - The overall performance of companies listed on the ChiNext board shows strong growth in revenue and net profit for the first half of 2025, leading the A-share market [3][4]. Financial Performance - A total of 1,384 ChiNext companies reported a combined revenue of 2.05 trillion yuan, with an average revenue of 1.48 billion yuan, representing a year-on-year growth of 9.03% [3]. - The net profit for these companies reached 150.54 billion yuan, with an average of 109 million yuan, marking a year-on-year increase of 11.18% [3]. - The net profit excluding non-recurring items was 130.93 billion yuan, with an average of 95 million yuan, reflecting a growth of 11.80% year-on-year [3]. Profitability and Growth - Over 70% of the listed companies achieved profitability, with more than half reporting a year-on-year increase in net profit [5][6]. - Specifically, 1,028 companies were profitable, accounting for 74.28%, and 728 companies saw a net profit growth, representing 52.6% [6]. - In key sectors such as advanced manufacturing, digital economy, and green low-carbon, over 800 companies generated a combined revenue of 1.34 trillion yuan, with a net profit of 113.92 billion yuan, showing growth rates of 9.87% and 15.90% respectively [6]. Sector Performance - In the green low-carbon sector, over 190 companies achieved a revenue of 507.35 billion yuan, growing by 10.85%, and a net profit of 49.70 billion yuan, increasing by 25.55% [6]. - The new energy vehicle industry saw a revenue growth of 11.45% and a net profit increase of 23.38% [7]. - The digital economy sector, comprising over 300 companies, reported a revenue of 370.95 billion yuan, up 8.66%, and a net profit of 29.22 billion yuan, up 40.03% [7]. Investment and R&D - Companies on the ChiNext board showed a significant recovery in investment expansion, with long-term asset investments totaling 182.23 billion yuan, a year-on-year increase of 9.43% [13]. - R&D expenditures across ChiNext companies reached 94.99 billion yuan, growing by 5.35% year-on-year, with 188 companies spending over 100 million yuan on R&D [12][13]. - The second quarter of 2025 saw a notable increase in R&D spending, with 49.87 billion yuan invested, reflecting a quarter-on-quarter growth of 10.51% [12].

Core Viewpoint - The A-share market is experiencing a correction after a series of highs, with many popular stocks retreating, leading to a collective pullback in the three major stock indices [2][3]. Market Performance - As of the market close, the Shanghai Composite Index fell by 1.16%, the Shenzhen Component Index decreased by 0.65%, while the ChiNext Index rose by 0.95%. The trading volume in the Shanghai and Shenzhen markets was 23,641 billion, a significant decrease of 5,109 billion compared to the previous day [3]. - The market is adjusting with a shift towards previously low-performing sectors, particularly in solar energy, energy storage, and solid-state battery sectors, which showed strong performance [3]. Solid-State Battery Sector - On September 3, solid-state battery concept stocks surged, with companies like Haibo Technology and Tahe Technology seeing increases of 20% and nearly 10%, respectively [4]. - The solid-state battery ETF (561910) saw a significant increase of 4.01% today, with a year-to-date rise of 32.99%, outperforming the CSI 300 Index [8]. Industry Developments - The China Automotive Engineering Society will hold a review meeting for solid-state battery standards in September 2025, indicating ongoing industry standardization efforts [10]. - Companies like EVE Lithium Energy and Guoxuan High-Tech are making significant advancements in solid-state battery technology, with production lines and high yield rates being reported [11][12]. Market Trends - The lithium battery industry is entering a peak installation season, driven by new product releases in consumer electronics and automotive sectors, leading to improved industry sentiment [13]. - The top lithium battery companies are increasing their market share, with a notable rise in orders for equipment manufacturers [14][22]. Competitive Landscape - Domestic battery companies are enhancing their global competitiveness, with the six major domestic power battery companies capturing 68.9% of the global market share, an increase of 4.2 percentage points year-on-year [20]. - CATL and BYD are leading the market, with significant growth rates in their production volumes and market shares [21]. Future Outlook - The solid-state battery market is expected to see substantial growth, with projections indicating that global shipments will exceed 10 GWh by 2025 and 600 GWh by 2030, with a market size surpassing 250 billion [30]. - Upcoming industry events in September to November 2025 are anticipated to catalyze market activity and investor interest in the solid-state battery sector [32]. Investment Trends - The battery ETF (561910) has seen significant inflows, with a notable increase in shares and trading volume, indicating strong investor interest in the sector [33][34].

沪指9月3日下跌1.16%，申万所属行业中，今日上涨的有3个，涨幅居前的行业为综合、通信、电力设 备，涨幅分别为1.64%、1.61%、1.44%。电力设备行业位居今日涨幅榜第三。跌幅居前的行业为国防军 工、非银金融，跌幅分别为5.83%、3.05%。 资金面上看，两市主力资金全天净流出714.26亿元，主力资金净流入的行业仅有3个，电力设备行业净 流入资金29.58亿元；纺织服饰行业净流入资金2.22亿元；综合行业净流入资金310.66万元。 主力资金净流出的行业有28个，非银金融行业主力资金净流出规模居首，全天净流出资金122.10亿元， 其次是国防军工行业，净流出资金为101.31亿元，净流出资金较多的还有电子、计算机、机械设备等行 业。 电力设备行业今日上涨1.44%，全天主力资金净流入29.58亿元，该行业所属的个股共361只，今日上涨 的有111只，涨停的有2只；下跌的有248只。以资金流向数据进行统计，该行业资金净流入的个股有144 只，其中，净流入资金超亿元的有19只，净流入资金居首的是宁德时代，今日净流入资金16.63亿元， 紧随其后的是阳光电源、卧龙电驱，净流入资金分别为11.67亿元、4 ...

证券之星消息，9月3日光伏设备板块较上一交易日上涨3.23%，上能电气领涨。当日上证指数报收于3813.56，下跌1.16%。深证成指报收于 12472.0，下跌0.65%。光伏设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300827 | 上能电气 | 30.11 | 20.01% | 104.51万 | | 28.60亿 | | 688717 | 艾罗能源 | 78.46 | 19.15% | 9.79万 | | - 7.07亿 | | 300274 | 阳光电源 | 114.90 | 15.30% | 142.92万 | | 155.88亿 | | 920167 | 同享科技 | 22.65 | 9.90% | 11.16万 | | 2.45亿 | | 300763 | 锦浪科技 | 73.33 | 7.87% | 39.31万 | | 28.16亿 | | 301658 | 首航新能 | 35.90 | 7.36% | 12.84万 | | 4 ...

储能爆单潮下翻涌的"内卷"暗流 从314Ah、280Ah电芯告急，到100Ah电芯也加入缺货队列，储能行业的"电芯荒"正顺着型号链加速蔓延。 另一边，海外人才争夺同样白热化——从欧洲到美洲，再到拉美、东南亚，有经验的销售负责人成了香饽饽，百万年薪的总包offer接连抛出，行业薪资 水位肉眼可见地往上冲。 连浸淫行业多年的人都觉得不真实： 年初时，多数机构还一边倒地看空储能，既唱衰中国装机量会下滑，也觉得欧洲库存消化遥遥无期。 谁曾想，剧情直接来了个180度反转，把整个行业都打了个措手不及。 更让人摸不着头脑的是，明明需求火到发烫，储能行业的内卷却没半分收敛，价格战该打还是打，半点儿没停，依旧有厂商报出0.38的系统价格，比紧俏 的100Ah电芯都贵。 这场打破预期的爆单潮，切切实实改变了行业里每个人的命运。 01 抢人 "昨天还有一个国内公司的老板找我给他去做欧洲负责人，年薪能给到将近100万。" 电话那头人在德国的Lisa刚刚起床，边吃着早餐边吐槽说，"但他们什么都没有，没法做"。 Lisa出生于西部省份的二线城市，大学学的国际贸易，出国留学后从柴油机外贸做起，后辗转多家大厂，专攻欧洲光伏储能电力市场，至今 ...

Market Overview - The market experienced fluctuations with mixed performance across the three major indices, resulting in over 4,600 stocks declining in the Shanghai and Shenzhen markets [1] - Gold stocks continued to show strength, with Western Gold hitting the daily limit, while the military industry sector faced collective adjustments, with several stocks dropping over 10% [1] Daily Highlights Energy Storage - The energy storage sector saw significant gains, with multiple stocks such as Baoxin Technology and Tongrun Equipment hitting the daily limit, and Sunshine Power rising over 15% [3] - Reports indicate that Haitian Energy's factories have been operating at full capacity since March, with orders extending into October [3] - The energy cell market is experiencing a sudden shift from oversupply to a situation where orders cannot be fulfilled even with price increases [3] Domestic Chips - The domestic chip sector remained active, with Tianpu Co. achieving nine consecutive trading limits, and other companies like Taihe Technology and Shenghui Integration also hitting the daily limit [6] - TSMC announced that starting next year, the U.S. government will revoke the exemption for shipping critical equipment to its factories in mainland China [7] Gold - The gold sector continued to perform well, with Western Gold achieving three consecutive trading limits and spot gold reaching a historical high of $3,546.96 per ounce [9] - Morgan Stanley set a target price of $3,800 per ounce for gold in Q4 2025, while Bridgewater's founder noted a shift from U.S. Treasury bonds to gold among international investors [9] Sector Performance - The energy storage sector is expected to see a substantial increase in demand due to power shortages in emerging markets, with significant government support policies anticipated [5] - The global battery energy storage system installation reached 86.7 GWh in the first half of 2025, marking a 54% year-on-year increase, with expectations for continued growth [5] - The domestic chip sector is likely to accelerate as chip design companies shift towards local foundries, and domestic semiconductor equipment continues to improve [8]

政策层面，今年2月，国家发改委与能源局联合印发《关于深化新能源上网电价市场化改革促进新能源 高质量发展的通知》(下称"136号文")，要求新能源项目上网电量原则上全部进入电力市场，上网电价 通过市场交易形成。 在利好驱动下，地方配套性政策也陆续出台，储能行业市场化盈利模式逐步完善。2025年7月，国内共 发布储能相关政策84项，其中国家层面发布9项，地方层面四川、山西、上海等32个地区发布产业相关 政策，涉及电价政策、低碳发展、电力市场等方面。 2025年是新型储能由商业化初期向规模化发展的关键时期。据中关村储能产业技术联盟统计，今年1-6 月，我国新型储能新增装机规模达42.6吉瓦时，同比增长27.5%。上半年，全球电池储能系统装机总量 达86.7吉瓦时，同比增长54%。如此迅猛的增长速度远超行业预期，标志着储能市场正步入加速扩张的 新阶段，也助推应用场景不断拓展。 国信证券研报称，中东、东南亚、南非、印度、拉美等新兴市场多地存在电力紧缺问题，各国政府扶持 政策频出，储能装机需求有望大幅度提升，因而新兴市场有望成为中国储能企业出口重要方向。 9月3日，储能概念全线爆发，海博思创、上能电气（300827）20 ...

Group 1 - The core point of the news is that Zhongji Xuchuang has surpassed Dongfang Caifu to become the second largest company by market capitalization in the ChiNext board, with a total market value exceeding 470 billion yuan [1] - Zhongji Xuchuang's stock price has increased by over 10% today, reaching a historical high, and has accumulated a year-to-date increase of 246% [1][2] - The current market capitalization of Zhongji Xuchuang is reported at 473.5 billion yuan, while Dongfang Caifu's market capitalization is 420.9 billion yuan, reflecting a decline of 4.38% year-to-date [2] Group 2 - The top company by market capitalization in the ChiNext board is Ningde Times, with a market value of 1,408.8 billion yuan and a year-to-date increase of 19.49% [2] - Other notable companies in the ChiNext board include Xinyi Sheng with a market capitalization of 367.4 billion yuan and a year-to-date increase of 349.64%, and Shenghong Technology with a market capitalization of 233.2 billion yuan and an impressive year-to-date increase of 544.83% [2]

Market Overview - The market experienced fluctuations with mixed performance across the three major indices, where the Shanghai Composite Index fell by 1.16%, the Shenzhen Component Index decreased by 0.65%, while the ChiNext Index rose by 0.95% [1] - A total of over 4,500 stocks declined, indicating a broad market weakness [1] Sector Performance - The photovoltaic and energy storage sectors showed strength, with companies like Shangneng Electric hitting the daily limit up [1] - CPO concept stocks saw a partial rebound, with Zhongji Xuchuang reaching a historical high [1] - Innovative drug concept stocks surged, with Baihua Pharmaceutical hitting the daily limit up [1] Stock Performance - Brokerage stocks collectively adjusted, with Guosheng Financial Holdings dropping over 5% [2] - The total trading volume in the Shanghai and Shenzhen markets was 2.36 trillion yuan, a decrease of 510.9 billion yuan compared to the previous trading day [2] - Zhongji Xuchuang led individual stock trading with a transaction volume exceeding 28.7 billion yuan [2] Notable Stocks - Zhongji Xuchuang: +10.99%, trading volume 28.717 billion yuan [3] - New Yisheng: +3.21%, trading volume 26.5394 billion yuan [3] - Dongfang Caifu: -4.38%, trading volume 21.7374 billion yuan [3] - Hanwujing: -5.07%, trading volume 19.901 billion yuan [3] - Ningde Times: +2.02%, trading volume 15.641 billion yuan [3] - Yangguang Electric: +15.30%, trading volume 15.588 billion yuan [3]