证券代码：300438 证券简称：鹏辉能源 公告编号：2026-011 广州鹏辉能源科技股份有限公司 2025年度业绩预告 | 项目 | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | | 归属于上市公司股东 的净利润 | 盈利：17,000 | 万元–23,000 | 万元 亏损：25,245.57 | 万元 | | 扣除非经常性损益后 的净利润 | 盈利：8,000 | 万元–11,000 万元 | 亏损：32,237.54 | 万元 | 二、与会计师事务所沟通情况 本次业绩预告数据是经公司财务部门初步测算的结果，未经审计机构审计。公司就 业绩预告有关事项已与会计师事务所进行预沟通，公司与会计师事务所关于本次业绩预 告事项不存在分歧。 三、业绩变动原因说明 报告期内，公司业绩变动的主要原因是行业向好，公司产品产销两旺，销售订单增 加，营业收入增长。 四、其他相关说明 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日 2、业绩 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鹏辉能源 ICC 鑫椤资讯年终盘点： 2025年碳酸锂市场盘点： 2025年电解液市场盘点： 2025年铜箔市场盘点： 2025年钴酸锂市场盘点： 2025年三元材料市场盘点： 2025年磷酸铁锂市场盘点： 2025年三元前驱体市场盘点： 2025年六氟磷酸锂市场盘点： 2025年磷酸铁市场盘点： 2025年添加剂VC市场盘点： 2025年钠离子电池市场盘点： 2025年储能电池市场盘点： 2025年储能系统市场盘点： 1月16 日， 鹏辉能源 携手 四川中孚 打造的 全国最大用户侧储能项目 正式并网投运！ 该项目规模 107.12MW/428.48MWh，亦是 电解铝行业首个大型用户侧储能项目 ， 并网投运后，将助力园区显著降低用电 成本、提高供电可靠性， 为四川广元乃至全国高耗能产业绿色低碳转型树立标杆案例。 2025年新型锂盐LIFSI市场盘点： 2025年隔膜市场盘点： 2025年锂电池市场盘点： 2025年铝箔市场盘点： 该 用户侧储能项目中， 鹏辉能源为项目建构 了 可靠耐用、智慧高效的储能电站整 ...

Group 1: Overview of Guangdong's Manufacturing Industry - Guangdong's manufacturing industry is supported by trillion-level industrial clusters, with nine major clusters established, including new-generation electronic information and new energy vehicles [2] - In 2022, the automotive industry in Guangdong achieved revenue exceeding 1 trillion yuan, marking it as the eighth trillion-level industry, with the new energy industry expected to follow in 2024 [2] - The ultra-high-definition video display industry is projected to surpass 900 billion yuan in revenue by 2024, positioning it as a potential candidate for the next trillion-level industry [2] Group 2: Strategic Importance of Trillion-Level Clusters - The development of trillion-level industrial clusters is a strategic focus for Guangdong to adapt to global economic changes and technological revolutions, aiming to build a modern industrial system [3] - The existing trillion-level clusters are predominantly traditional industries, indicating a need for increased representation of strategic emerging industries [3] - Trillion-level clusters are characterized by significant scale effects, strong innovation capabilities, and resilient supply chains, serving as key drivers for economic growth [3] Group 3: Policy Support and Development Plans - The success of the new energy industry in Guangdong is attributed to strategic policies and frameworks established since 2020, aiming to develop it into a strategic emerging industry cluster [5] - The "Guangdong Province Action Plan for the Development of Ultra-High-Definition Video Industry" aims for the industry to achieve over 1 trillion yuan in revenue by 2025 [8] - The semiconductor and integrated circuit industry is a focus area, with plans to enhance its scale and capabilities, targeting over 4 trillion yuan in revenue by 2025 [10][12] Group 4: Emerging Industries and Growth Projections - The new energy storage industry is expected to reach 600 billion yuan in revenue by 2025, with an annual growth rate exceeding 50% [13] - The low-altitude economy is projected to become a trillion-level industry, with significant market potential and a comprehensive policy framework to support its development [18] - The ultra-high-definition video industry has shown remarkable growth, with a revenue of 900 billion yuan in 2024 and a significant increase in 4K program production [9] Group 5: Infrastructure and Market Development - Guangdong has established a robust infrastructure for the low-altitude economy, including numerous general airports and drone flight routes, facilitating industry growth [21][22] - The new energy storage sector has seen rapid advancements, with major projects being launched and significant increases in installed capacity [17] - The semiconductor industry in Guangdong is experiencing rapid growth, with a projected revenue of over 320 billion yuan in 2024 and a clear path towards achieving 400 billion yuan by 2025 [11]

Core Viewpoint - The sodium battery industry in China is entering a commercialization phase, with annual shipments expected to exceed 3.7 GWh by 2025, marking a significant milestone despite being far behind lithium battery giants [1][2]. Industry Overview - The sodium battery industry is poised for growth, driven by rising lithium carbonate prices, which have surged to as high as 179,000 yuan/ton, prompting interest in sodium batteries as a cost-effective alternative [3][5]. - The industry is characterized by a dual structure, with established lithium battery leaders like CATL and BYD alongside emerging sodium battery companies such as Zhongke Haina and Sodium Innovation Energy [3][7]. Market Dynamics - The year 2026 is being marked as the "year of sodium battery industrialization," with companies ramping up production lines and securing orders in response to market demand [3][5]. - The sodium battery's advantages include abundant raw materials, stable pricing of sodium carbonate, and superior low-temperature performance and safety features compared to lithium batteries [1][3]. Challenges and Pressures - The sodium battery industry faces significant challenges, including capacity bottlenecks, performance gaps compared to lithium batteries, and an immature supply chain [3][9]. - Current sodium battery energy densities range from 100 to 160 Wh/kg, while lithium iron phosphate batteries achieve 160 to 200 Wh/kg, indicating a need for technological advancements [9]. Standardization Efforts - The establishment of a comprehensive standardization framework is underway, with the Ministry of Industry and Information Technology guiding the development of national and industry standards for sodium batteries [4][15]. - Existing standards are insufficient, particularly in areas such as safety, performance requirements, and testing methods for specific sodium battery applications [14][16]. Future Outlook - The sodium battery industry is expected to see increased investment and development, with major players like CATL and BYD committing to large-scale applications in various sectors [7][8]. - The industry's growth will depend on overcoming current challenges, including production capacity, cost competitiveness, and the establishment of a robust standardization system [9][12].

Group 1 - The largest user-side energy storage project in China has been officially put into operation, developed by Penghui Energy in collaboration with Sichuan Zhongfu [1] - The project has a scale of 107.12 MW/428.48 MWh, marking it as the first large-scale user-side energy storage project in the electrolytic aluminum industry [1]

Core Viewpoint - Penghui Energy has launched the largest user-side energy storage project in the country in collaboration with Sichuan Zhongfu, marking a significant milestone in the energy storage sector and the aluminum industry [1] Group 1 - The project has a scale of 107.12 MW/428.48 MWh, making it the first large-scale user-side energy storage project in the electrolytic aluminum industry [1]

Core Viewpoint - The collaboration between Penghui Energy and Zhongfu Industry on a 107.12MW/428.48MWh green hydropower aluminum user-side energy storage project marks a significant step in the green energy transition in the Sichuan region, aiming to reduce electricity costs and carbon emissions in the aluminum production sector [2][4]. Group 1 - The energy storage project is designed to directly serve the electrolytic aluminum production system, utilizing peak and valley electricity price differences to lower costs [5]. - It is estimated that the project will reduce electricity costs for electrolytic aluminum by approximately 140 yuan per ton, leading to annual savings exceeding 60 million yuan [5]. - The project is expected to decrease carbon dioxide emissions by about 52,000 tons annually, addressing the high electricity costs and carbon reduction pressures faced by high-energy-consuming industries [5]. Group 2 - The project is a key initiative for the green energy transition in northern Sichuan and serves as a benchmark for the integration of "source-network-load-storage" in high-energy industries [4]. - Future plans include the construction of a "zero-carbon park" in the Guangyuan aluminum industry, incorporating advanced intelligent technologies to create a virtual power plant (VPP) for participation in electricity market trading and grid scheduling [5]. - During the 14th Five-Year Plan period, the project will expand into photovoltaic, wind power, green electricity direct connection, and intelligent microgrid layouts, ultimately establishing a regionally intelligent microgrid dominated by renewable energy [5].

Market Overview - The battery sector experienced a decline of 1.38% on the previous trading day, with Penghui Energy leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Key stocks in the battery sector showed varied performance, with Kexin Co. rising by 4.21% to close at 13.85, and Penghui Energy falling by 9.32% to close at 46.10 [1][2] - Notable gainers included Wukuang New Energy (+3.12%) and Hunan Youneng (+2.77%), while significant losers included Enjie Co. (-8.28%) and Huazi Technology (-8.12%) [2] Trading Volume and Capital Flow - The trading volume for Kexin Co. was 250,000 shares, with a transaction value of 338 million yuan, while Penghui Energy had a trading volume of 446,700 shares and a transaction value of 2.125 billion yuan [1][2] - The battery sector saw a net outflow of 4.833 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.836 billion yuan [2][3] Individual Stock Capital Flow - Ningde Times had a net inflow of 2.83 billion yuan from institutional investors, while it faced a net outflow of 2.86 billion yuan from speculative funds [3] - Hunan Youneng experienced a net inflow of 2.73 billion yuan from institutional investors, but also saw a significant outflow from retail investors [3]

Core Viewpoint - The article discusses the advancements and production timelines of solid-state batteries from various companies, highlighting the competitive landscape and technological progress leading up to 2026 and beyond [4]. Group 1: Company Developments - CATL launched the world's first sulfide solid-state battery pilot line in Hefei in May 2025, achieving an energy density of 450Wh/kg, with plans to expand production capacity to 50GWh by 2026 [6]. - Guoxuan High-Tech introduced its "Guan" quasi-solid-state square aluminum shell cell with an energy density greater than 300Wh/kg and initiated a pilot line with a 90% yield rate in May 2025 [8]. - EVE Energy's solid-state battery, "Longquan No. 2," achieved an energy density of 300Wh/kg and is aimed at high-end applications like humanoid robots and low-altitude aircraft [8]. - Aoxin Technology plans to launch its polymer solid-state battery with an energy density of 400Wh/kg by the end of 2025, targeting high-end new energy vehicles [8]. - Ganfeng Lithium announced the mass production of lithium sulfide, completing the last link in the solid-state battery ecosystem, with plans to launch solid-state batteries by the end of 2025 [9]. Group 2: Industry Trends - The solid-state battery industry is expected to enter a critical year in 2026, with many companies racing to achieve mass production [4]. - The article outlines the competitive landscape, with over 30 companies making significant strides in solid-state battery technology, indicating a robust growth trajectory in the sector [4]. - The anticipated commercialization of solid-state batteries is projected for around 2030, as supply chains mature and production processes are refined [6].

Core Viewpoint - The successful commissioning of the 107.12MW/428.48MWh green hydropower aluminum user-side energy storage project marks a significant step in the transformation of the green energy sector in Guangyuan, aiming to establish it as "China's Green Aluminum Capital" [2] Group 1: Project Overview - The energy storage project is a collaboration between leading companies Penghui Energy and Zhongfu Industrial, with Sichuan Zefeng Power Design Co., Ltd. responsible for the EPC contracting [2] - The project commenced construction on July 30, 2025, and was completed within a hundred days, overcoming challenges such as soft geological conditions and continuous rainfall [2] Group 2: Technical Specifications - The energy storage station has a charging and discharging power of 107.12 MW and a maximum storage capacity of 428.48 MWh, supplying all stored electricity directly to the Sichuan Zhongfu aluminum production system [3] - The project is expected to reduce electricity costs for Sichuan Zhongfu by approximately 140 RMB per ton of electrolytic aluminum, leading to annual savings of over 60 million RMB [3] Group 3: Economic and Environmental Benefits - The energy storage station enhances the operational efficiency and stability of the regional power system, ensuring a balance between electricity supply and demand [3] - It is projected to save approximately 19,700 tons of standard coal and reduce carbon dioxide emissions by about 52,000 tons annually, setting a benchmark for low-carbon transformation in high-energy industries [3] Group 4: Future Plans - Penghui Energy plans to deepen collaboration with enterprises in the Guangyuan aluminum industry, focusing on the construction of a "zero-carbon park" during the 14th Five-Year Plan period [4] - The company aims to invest in projects such as photovoltaic power generation, wind power, charging and swapping stations, energy storage stations, smart microgrids, and green electricity direct connections [4] - The ultimate goal is to establish a regional intelligent microgrid characterized by clean, low-carbon, safe, controllable, flexible, efficient, and friendly interactions, contributing to the national new power system construction [4]