同日，据智通财经报道，其自知情人士处获悉，本次会议召集了16家企业，包括13家动力电池与储能电 池企业：宁德时代（300750）、比亚迪（002594）、中创新航、国轩高科（002074）、亿纬锂能 （300014）、欣旺达（300207）、蜂巢能源、瑞浦兰钧、鹏辉能源（300438）、海辰储能、正力新能、 浙江吉曜通行能源科技、楚能新能源。另有3家系统集成商：中车株洲所、海博思创、天合储能。 1月8日，据"工信微报"消息，工信部、国家发展改革委、市场监管总局、国家能源局于1月7日联合召开 动力和储能电池行业座谈会，研究部署进一步规范动力和储能电池产业竞争秩序工作。 ...

Market Overview - On January 8, 2026, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 3888.60 points, up 0.34%, and the Shenzhen Component Index at 12984.08 points, up 0.85% [1] - The Hong Kong stock market declined, with the Hang Seng Index falling 1.17% to 26149.31 points, and the Hang Seng Tech Index down 1.05% to 5678.34 points [1] - In the U.S. stock market, the Dow Jones Industrial Average rose by 270.03 points, or 0.55%, closing at 49266.11 points, while the Nasdaq Composite fell by 104.26 points, or 0.44% [1] Corporate News - On January 8, 2026, the State-owned Assets Supervision and Administration Commission announced the restructuring of China Petroleum & Chemical Corporation (Sinopec) and China National Aviation Fuel Group [2] - China Aviation Fuel is recognized as Asia's largest provider of aviation fuel services, while Sinopec is the world's largest refining company and China's top aviation fuel producer [2] Industry Developments - On January 8, 2026, the Ministry of Industry and Information Technology (MIIT) led a meeting to address irrational competition in the lithium battery industry, involving 16 major companies including CATL and BYD [3] - The meeting aimed to promote self-regulation within the industry, with participation from industry associations [3] Regional Initiatives - Guangzhou has issued a plan to accelerate the construction of advanced manufacturing, supporting market-driven intelligent computing infrastructure and telecom companies in building smart computing centers [4] - The plan aims to integrate artificial intelligence across various sectors by 2035, fostering over 1000 AI industry models and creating numerous application scenarios in fields such as manufacturing and healthcare [4]

2026年开年，A股公司"南下"热潮持续涌动，多家公司向H股发起冲刺。 ◎记者 孔令仪 2026年开年这一波冲刺H股的A股公司，大多为科技企业。例如：聚辰股份是一家全球化的芯片设计高 新技术企业；景旺电子是全球领先的印制电路板及高端电子材料企业；鹏辉能源以科技创新驱动发展， 聚焦于电池产品及储能系统领域；德赛西威则是国际领先的移动出行科技公司之一，致力于实现智慧出 行的全球共享。 生物医药行业A股公司赴港上市意愿也颇为强烈。益方生物聚焦于肿瘤、自身免疫性疾病及代谢类疾病 等重大疾病领域，所有产品均为自主研发。资料显示，公司已成功推动两款创新药获批上市，并有三个 候选药物处于临床试验阶段。 据上海证券报记者初步梳理，2026年1月1日至1月8日，已有聚辰股份、鹏辉能源、正泰电器、德赛西 威、兴业银锡、华盛锂电等6家A股公司发布了筹划H股上市公告；景旺电子、益方生物、亿纬锂能、天 下秀等4家A股公司已向港交所递交招股书；先导智能申请发行H股并在港交所主板挂牌上市获得证监会 备案。 此外，道通科技于1月2日在港交所发布公告，新增海通国际证券为公司委任的整体协调人，澜起科技于 1月5日在港交所披露聆讯后资料集，距离" ...

Industry Background - The market for large cylindrical batteries and all-tab batteries is expected to explode by 2025, with China's cylindrical battery shipments projected to grow by over 15%, and large cylindrical batteries expected to exceed 40% growth [3] - Major companies such as EVE Energy, Molicel, and others are facing supply shortages due to high demand, with continued rapid growth anticipated in 2026 [3] - New growth points and market spaces are emerging from the combination of all-tab, high nickel, silicon-carbon, and sodium batteries with cylindrical batteries [3] Event Overview - The 2026 (Second) Qidian Lithium Battery Cylindrical Battery Technology Forum and the release of the Top 20 Rankings for Cylindrical Batteries will take place on April 10, 2026, in Shenzhen [6] - The event will feature discussions on cutting-edge technologies, processes, and materials related to cylindrical batteries, providing a platform for industry leaders to share insights [3][6] Agenda Highlights - The forum will include sessions on high-power cylindrical battery technology, innovations in household and portable energy storage, and the development of next-generation large cylindrical batteries [7][8] - Roundtable discussions will focus on overcoming barriers to overseas market entry and identifying emerging application markets for rapidly growing cylindrical batteries [7][8] Participating Companies - Notable cylindrical battery companies include EVE Energy, Molicel, BYD, and LG Energy, among others, with a wide range of downstream application companies also participating [10] - The event will also attract companies from the cylindrical battery equipment sector and various testing and certification institutions [10] Registration Information - Different registration options are available, including SVIP and VIP tickets, with early bird discounts offered [11][12] - Free registration is also available with conditions, emphasizing the importance of pre-registration for attendance [13]

Core Viewpoint - The trend of A+H listings is expected to continue in 2026, with multiple A-share companies planning to issue H-shares and list on the Hong Kong Stock Exchange, indicating a significant increase in internationalization efforts among Chinese firms [1][2][3]. Group 1: Company Developments - Guangzhou Penghui Energy Technology Co., Ltd. and Huizhou Desay SV Automotive Electronics Co., Ltd. are among the A-share companies planning to issue H-shares to enhance their international presence and competitiveness [2][3]. - Desay SV aims to improve its brand influence and accelerate overseas business expansion through the issuance of H-shares [2]. - Penghui Energy's product matrix includes energy storage batteries, consumer batteries, and power batteries, with sales in over 50 countries, highlighting its global reach [3]. Group 2: Market Trends - In 2025, 19 A-share companies, including CATL and others, are expected to raise approximately HKD 139.99 billion through H-share listings, a 533% increase from 2024 [1]. - The A+H listing trend is driven by policy support and the increasing number of companies opting for this model, which enhances the interconnectivity between mainland and Hong Kong capital markets [4]. - The liquidity of the Hong Kong market is expected to improve significantly in 2025, attracting international funds and reducing valuation discount concerns for companies [4]. Group 3: Strategic Insights - The A+H model is seen as a long-term strategy that requires companies to align with international governance and disclosure standards, facilitating cross-border mergers and global equity incentives [5]. - The Hong Kong platform serves as a core for offshore financing, allowing companies to utilize raised funds for overseas expansion and technology acquisition [4]. - Companies are encouraged to adopt a long-term perspective, focusing on enhancing competitiveness through technology upgrades and market expansion rather than short-term speculative gains [5].

一、本次持续督导培训的基本情况 中信证券股份有限公司 关于广州鹏辉能源科技股份有限公司2025年度持续督导培 训情况的报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》对广州鹏辉能源科技 股份有限公司（以下简称"鹏辉能源"、"公司"）进行了 2025 年度持续督导培训， 报告如下： （八）培训内容：本次培训通过结合《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 以及其他最新的法律法规和处罚案例，对上市公司募集资金管理、信息披露、股 票交易、关联交易及相关案例等事项进行培训。 务》的有关要求，对鹏辉能源进行了 2025 年度持续督导培训。 中信证券认为：通过本次培训，公司董事、高级管理人员及相关人员对上市 公司募集资金管理、信息披露、股票交易、关联交易及相关案例等有了更全面的 了解。本次持续督导培训总体上提高了公司及其董事、高级管理人员和相关人员 的规范运作意识及对资本市场的理解，有助于提高公司的规范运作和信息披露水 平。 2 保荐机构本次持续督导 ...

Core Viewpoint - Penghui Energy plans to list on the Hong Kong Stock Exchange to enhance its global strategy and international market competitiveness [2] Company Overview - Established in 2001, Penghui Energy was listed on the Shenzhen Stock Exchange in 2015, focusing on the research, production, and sales of lithium-ion batteries, primary batteries, and sodium-ion batteries [2] - The company ranks ninth globally in energy storage cell shipments for the first three quarters of 2025 [2] Financial Performance - In the first half of 2025, Penghui Energy reported a revenue of 75.81 billion yuan, a year-on-year increase of 34.23%, and a net profit of 1.15 billion yuan, up 89.33% [5] - The company's overseas sales revenue accounted for over 30% of its total revenue during the same period, with overseas revenue reaching 662 million yuan, representing 15.39% of total revenue [2][5] - Contract liabilities increased by 131.03% year-on-year, indicating a significant rise in new orders due to strong downstream customer demand [5] Market Trends - The lithium battery market continues to grow, particularly in the overseas energy storage sector, which has shown a significant recovery [2][3] - The global battery production is estimated to reach 2900-3000 GWh in 2026, with a year-on-year growth of 26%-30%, driven mainly by the energy storage market [3] Challenges - Despite optimistic market prospects, Penghui Energy faces financial challenges, including a significant decline in net profit in 2023 and a projected loss in 2024 [5] - The company has experienced negative cash flow from operating activities since 2024, with a net cash flow of -12 million yuan as of the third quarter of 2025 [6] - The asset-liability ratio reached 73.62%, significantly higher than the industry average of 51.64% [6]

2024年，锂电产能过剩情绪下，价格战尤为激烈，产业链大部分企业面临业绩下滑压力。其中鹏辉能源出现上市以来首次亏损 。 但到了 2025年第三季度，鹏辉能源业绩暴涨。前三季度实现营业收入75.81亿元，同比增长34.23%；归母净利润实现扭亏1.15亿元，同比 增长89.33%。三季度单季营收约32.8亿元，同比增长约75%； 净利润约 2亿元，同比暴增约977%。 业绩上修的背后得益于储能市场的突破， 鹏辉能源近期表示，公司海外大储订单较往年有较大增量变化。 目前大储产品基本满产，主要产品 排产预计到明年上半年。 据 起点研究院SPIR发布的《2026全球储能行业白皮书》报告显示， 2025年预计储能电池出货量637GWh，同比增长77.93%。其中在 中 国储能电芯出货量TOP20企业中， 鹏辉能源位列行业第九，增长可期。 | | 2025年 | | 中国储能电芯top20 | | | | --- | --- | --- | --- | --- | --- | | 1 | 宁德时代 | | 11 | 赣锋锂电 | | | 2 | 亿纬锂能 | | 12 | 中天储能 | | | 3 | 無理信託 | FI ...

一、全球储能电池出货量分析与预测 近期，起点研究院SPIR发布了《2026全球储能行业白皮书》报告。该报告数据显示， 2024年全球储能电池出货量为358Gwh，2025年预计 储能电池出货量637GWh，同比增长77.93%。到2030年储能电池出货量将达到2380Gwh，储能需求增长的主要原因是： ①发电侧：全球能源结构转型，光伏、风电等绿色新能源电力装机量占比上升，带动储能电池需求增长确定性高。 ②电网侧：电网侧储能的需求也将快速增长，主要源于电力系统对稳定性和灵活性的日益增长的要求，特别是在高比例风电和光伏等可再生能 源大规模接入的背景下。电网侧储能能有效平衡电力供需波动，通过快速充放电参与电网调频、调峰，提升系统稳定性。 资料来源：起点研究院 SPIR 二、2025年全球储能电池竞争格局 起点研究院SPIR数据显示，2025年，储能电芯行业集中度CR6达50%左右，呈现高度集中的"一超多强 +黑马突围"双轨竞争格局。其中，宁 德时代占据第一梯队，依然绝对领先；楚能新能源，4年时间强势进入前五；亿纬锂能、海辰储能、中创新航、瑞浦兰钧继续位居行业前六。 图表 2 ： 2025年 全球储能电芯出货排名 资 ...

证券代码：300438 证券简称：鹏辉能源 公告编号：2026-008 广州鹏辉能源科技股份有限公司 关于 2025 年员工持股计划非交易过户完成的公告 广州鹏辉能源科技股份有限公司（以下简称"公司"）于2025年7月29日召开的第 五届董事会第十四次、第五监事会第十二次会议，于2025年8月15日召开2025年第一次 临时股东大会，审议通过了《关于公司2025年员工持股计划(草案)及其摘要的议案》等 议 案 。 具 体 内 容 详 见 公 司 于 2025 年 7 月 30 日 、 2025 年 8 月 15 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所上市公 司自律监管指引第2号——创业板上市公司规范运作》等相关规定，现将公司2025年员 工持股计划（以下简称"本员工持股计划"）最新实施进展公告如下： 一、本员工持股计划的股份来源及数量 本员工持股计划的股票来源为公司回购专用证券账户中的公司A股普通股股票。 公司于2023年10月25日召开的第五届董事会第三次会议及第五届监事会第三次会 议审议通过了《 ...