Core Viewpoint - Penghui Energy (300438.SZ) announced an investment of 1.2 billion yuan to establish a production project for 587Ah and 120Ah batteries in Yicheng District, Zhumadian City, aimed at optimizing capacity layout and enhancing business influence and competitiveness [1] Group 1 - The total planned investment for the battery production project is 1.2 billion yuan [1] - The investment aligns with the company's strategic development plan to optimize capacity layout and enhance business influence [1] - The project is expected to support future business development and market expansion, having a positive and far-reaching impact on the company's industrial layout and future growth [1]

格隆汇2月12日丨鹏辉能源(300438.SZ)公布，为进一步优化公司产能布局，增强公司业务的影响力和综 合竞争力，公司拟在河南省正阳县投资建设年120Ah电芯生产项目，计划总投资金额21亿元。项目拟建 设4条120Ah电池生产线，生产线聚焦高性能电池产品的研发与生产。 ...

Group 1 - Fuda Alloy's controlling shareholder Wang Dawu plans to reduce his stake by up to 3% of the company's total shares, amounting to a maximum of 406.34 million shares, due to personal funding needs [1] - ST Songfa's subsidiary signed contracts for the construction of 17 vessels, with a total contract value between 1.6 billion to 1.8 billion USD [2] - Pairui Co. signed a technical cooperation agreement with a university to develop large-capacity power semiconductor devices and related power electronic modules, effective for three years [3] Group 2 - Shuangliang Energy indirectly participates in commercial aerospace projects, supplying heat exchangers for SpaceX's fuel production system, with orders totaling approximately 1.39 million CNY [4] - Hangya Technology plans to issue convertible bonds to raise up to 600 million CNY for various projects, including an intelligent manufacturing base in Malaysia [5] - Yuhua Development is publicly selling assets with a base price of 251 million CNY for residential properties [6] Group 3 - Penghui Energy plans to invest 2.1 billion CNY in a new battery production project in Zhengyang County, Henan Province, focusing on high-performance battery products [7] - Haige Communication's shareholder Yang Haizhou intends to reduce his stake by up to 0.1624% of the company's total shares [8] - Yaoshi Technology's controlling shareholder pledged 5.13% of shares to repay loans, with a pledge period from February 10, 2026, to February 2, 2027 [9][10] Group 4 - Hanyu Pharmaceutical received FDA approval for its drug Acetate Glatiramer Injection, used for treating relapsing multiple sclerosis [11] - Baiyao Tai's GoliMab Injection received EMA approval for various indications, including rheumatoid arthritis and ulcerative colitis [12] - Jiangxi Tungsten Equipment plans to issue A-shares to raise up to 1.882 billion CNY for acquisitions [13] Group 5 - Hesong New Materials expects to recognize asset impairment provisions between 23.6 million to 28.5 million CNY for 2025 [14] - ST Meichen's subsidiary is involved in two major lawsuits with a total amount of approximately 31.9 million CNY [15] - China Coal Energy reported a 7.3% year-on-year decline in coal sales for January 2026, with total sales of 20.05 million tons [16] Group 6 - Yida Co. plans to adjust its epoxy propylene derivative project, reducing the total investment from 845 million CNY to 642 million CNY [17] - Fosun Pharma's subsidiary received approval for a clinical trial of HLX15-SC for multiple myeloma treatment [18][19] - Yinfeng Communication's board members and executives have terminated their share reduction plan [20] Group 7 - Huazhong High-tech has waived its preferential purchase rights for a fund, extending the investment period from three to four years [21] - Warner Pharmaceuticals plans to participate in a national drug procurement program, with expected sales of 176 million CNY [22] - Changling Hydraulic announced a tender offer to acquire 12% of its shares at a price of 35.82 CNY per share [23] Group 8 - ST Chuan Zhi's stock may face delisting due to financial data falling below regulatory thresholds [24] - Tian Pharmaceutical and its subsidiaries are participating in a national drug procurement program, with expected sales of 323 million CNY [25] - China Metallurgical Group signed new contracts worth 73.65 billion CNY in January 2026 [26] Group 9 - Torus plans to invest 21.2 million CNY in a venture capital fund focused on artificial intelligence [27] - Shangwei Co. received a government subsidy of 1.764 million CNY, representing 10.79% of its net profit for 2024 [28] - Hanghua Co. reported a 21.97% decline in net profit for 2025, with total revenue of 1.249 billion CNY [29] Group 10 - Huaxia Bank reported a 1.72% decline in net profit for 2025, with total revenue of 91.914 billion CNY [30] - Guotou Fengle plans to transfer 51% of its stake in Hubei Fengle Ecological Fertilizer to optimize management [31] - Huaru Technology is co-investing in a fund with a total commitment of 20 million CNY [32] Group 11 - Jindike reported a loss of 173 million CNY for 2025, despite a 40.13% increase in revenue [33] - Zhenong Co. announced a 0.52% increase in shares held by a major shareholder [34] - Maike Audi plans to recognize asset impairment provisions of approximately 52.55 million CNY [35] Group 12 - Fuan Pharmaceutical's subsidiary is expected to be selected for a national drug procurement program, with projected sales of 680 million CNY [36] - Rundu Co. is participating in a national drug procurement program, with some products expected to be selected [37] - Changqing Co. has postponed its large-scale die-casting project to March 2027 due to customer requirements [38] Group 13 - Pan Asia Micro透 received a patent for a graphene-based automotive headlight defogging device [39] - Luan An Huan Neng reported a 17.1% increase in raw coal production for January 2026, totaling 5 million tons [40] - Guangji Pharmaceutical received a drug registration certificate for Mecobalamin Tablets [41] Group 14 - Ruifeng New Materials announced the resignation of its deputy general manager for personal reasons [42] - Zhiguang Electric's subsidiary signed a procurement contract for energy storage equipment worth 210.4 million CNY [43] - Youyan Powder Materials reported a 19.41% increase in net profit for 2025 [44] Group 15 - Jincheng reported a 22.2% increase in net profit for 2025, with total revenue of 253 million CNY [46]

Core Viewpoint - The article highlights the strong performance of stocks in the power equipment sector, particularly those benefiting from policy support and technological advancements, with a focus on battery, photovoltaic, and grid equipment industries [3][4]. Group 1: Fund Allocation Trends - Public funds have significantly increased their holdings in the power equipment sector, particularly in batteries, photovoltaics, and grid equipment, with 13 stocks seeing a rise in fund ownership by over 1 percentage point in Q4 [8]. - The most notable increase in fund holdings was observed in Tianhua New Energy (300390.SZ), where the number of funds increased from 5 to 109, and the holding ratio rose from 3.31% to 9% [10]. - Other key stocks in the battery sector that received increased attention include Penghui Energy (300438.SZ), which saw a 4 percentage point increase in fund holdings, and its stock price rose over 30% in Q4 [16]. Group 2: Performance of Key Stocks - Tianhua New Energy's stock price surged nearly 120% in Q4, driven by a significant investment from CATL, which acquired a 26 billion yuan stake, marking a deepening partnership with a core customer [10]. - Penghui Energy is expected to report a net profit of 170 million to 230 million yuan for the full year, a significant turnaround from a loss of 252 million yuan the previous year [12][13]. - Other notable stocks include Tianji Co. (002759.SZ), which is projected to turn profitable in 2025, and has seen a significant increase in fund interest [23][22]. Group 3: Sector Insights - The article emphasizes that the battery sector remains a focal point for institutional investment, with a notable shift towards upstream materials as prices for lithium carbonate and hexafluorophosphate have shown an upward trend [23]. - In the photovoltaic equipment sector, Maimai Co. (300751.SZ) has been highlighted for its significant fund inflow, with a holding ratio increase of 4 percentage points, benefiting from the growing interest in space photovoltaic technology [32]. - The grid equipment sector has also attracted attention, with Jinpan Technology and Sifang Co. being favored by institutional investors, although the increase in holdings was less pronounced compared to battery-related stocks [25].

Core Viewpoint - The energy storage industry is undergoing significant transformation, moving from "scale construction" to "high-quality development" by 2026, with a focus on market-driven mechanisms and technological advancements [3][20]. Industry Overview - In 2025, the global solar-storage industry continued to grow rapidly, with new solar installations exceeding 500 GW and cumulative energy storage installations surpassing 300 GWh, reflecting a nearly 70% year-on-year growth [8]. - The shift from administrative pricing to market pricing is reshaping the energy storage landscape, with peak-valley price differences transitioning from nominal expansion to actual contraction [3][19]. Technological Advancements - AI and energy revolution are closely intertwined, with the need for companies to embrace AI to remain competitive [11][12]. - The integration of AI and energy solutions is expected to drive innovation and operational efficiency in the energy sector [11][12]. Market Dynamics - The cancellation of mandatory energy storage requirements for new renewable energy projects marks a significant shift in market logic, emphasizing operational profitability over policy-driven growth [22]. - The energy storage market is expected to see a transition from short-term arbitrage to long-term, diversified revenue streams, necessitating a focus on comprehensive service capabilities [18][19]. Company Strategies - Companies like Ronghe Yuanshu are emphasizing the long-term operational value of energy storage assets, focusing on data-driven approaches and ecosystem development [16]. - Hai Bo Si Chuang has achieved significant milestones with large-scale energy storage projects and strategic partnerships, aiming to break industry barriers through innovation [17]. - Penghui Energy highlights the importance of profitability as a key determinant for project viability, shifting the focus from policy mandates to market demand [20]. Future Outlook - The energy storage industry is expected to face three main challenges: the AI technology revolution, the third energy revolution driven by energy security, and geopolitical uncertainties affecting supply chains [11][14]. - Companies are urged to adapt to the evolving market by enhancing their operational capabilities and focusing on long-term value creation rather than short-term gains [21][27].

Core Viewpoint - Penghui Energy (300438.SZ) announced plans to invest in a new battery production project in Yicheng District, Zhumadian City, with a total investment of 1.2 billion yuan, aimed at optimizing production capacity and enhancing business competitiveness [1] Group 1 - The company plans to construct a production project for 587Ah and 120Ah batteries [1] - The investment aligns with the company's strategic development plan to optimize production capacity and enhance business influence [1] - The project is expected to support future business development and market expansion, having a positive and far-reaching impact on the company's industrial layout and future growth [1]

本次投资符合公司的战略发展规划，为进一步优化公司产能布局，增强公司业务的影响力和综合竞争 力，满足公司未来业务发展和市场拓展的需要，对公司的产业布局及未来发展具有积极作用和深远意 义。 智通财经APP讯，鹏辉能源(300438.SZ)发布公告，为进一步优化公司产能布局，增强公司业务的影响力 和综合竞争力，公司拟在河南省正阳县投资建设年120Ah电芯生产项目，计划总投资金额21亿元。 ...

【鹏辉能源：拟投资12亿元建设587Ah及120Ah电池生产项目】智通财经2月12日电，鹏辉能源 (300438.SZ)公告称，公司拟在驻马店市驿城区投资建设587Ah电池及120Ah电池生产项目，总投资金额 12亿元。项目建设主体为公司全资子公司河南省鹏辉电源有限公司，建设内容为1条587Ah电池生产线 和1条120Ah电池生产线。项目资金来源为公司自有或自筹资金，预计将通过股债结合的方式筹集。项 目投资符合公司战略发展规划，有助于优化产能布局和增强市场竞争力，但存在资金筹集、政策和市场 环境变化等风险。 转自：智通财经 ...

（记者 张明双） 每经AI快讯，鹏辉能源2月12日晚间发布公告称，公司第五届第二十一次董事会会议于2026年2月12日 在公司会议室以现场与通讯结合方式召开。会议审议了《关于在河南省正阳县投资建设120Ah电芯生产 项目的议案》等文件。 每经头条（nbdtoutiao）——打造百万元级尊界的江淮，迎来葛卫东、方文艳联手投资：两人各掏10亿 元，公司股价应声大涨！复盘历史：牛散参与定增有赚也有亏 ...

证券代码：300438 证券简称：鹏辉能源 公告编号：2026-018 广州鹏辉能源科技股份有限公司 第五届董事会第二十一次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、会议召开情况 本次投资不构成关联交易，不构成《上市公司重大资产重组管理办法》规定的重大 资产重组，本议案无需提交股东大会审议。董事会授权公司董事长或其授权人在授权范 围内组织实施、签署投资相关具体合同及其它相关法律文件。 具 体 内 容 详 见 中 国 证 监 会 指 定 的 创 业 板 信 息 披 露 网 站 （ 巨 潮 资 讯 网 www.cninfo.com.cn）上的相关公告。 2、审议通过了《关于在河南省正阳县投资建设 120Ah 电芯生产项目的议案》（该项 议案经表决：同意票 9 票，反对票 0 票，弃权票 0 票） 为进一步优化公司产能布局，增强公司业务的影响力和综合竞争力，公司拟在河南 省市正阳县投资建设 120Ah 电芯生产项目，计划总投资金额 21 亿元。 本次投资不构成关联交易，不构成《上市公司重大资产重组管理办法》规定的重大 资产重组，本议案无需提 ...