（记者 张明双） 每经AI快讯，先导智能1月25日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润15亿元 ~18亿元，同比增长424.29%~529.15%；业绩变动主要原因是，2025年全球动力电池市场持续回暖，储 能领域需求强劲增长，行业整体需求持续复苏，公司在新能源智能装备领域的龙头地位进一步巩固。随 着国内头部电池企业开工率提升、扩产节奏有序加快，公司订单规模同比快速回升，订单交付与项目验 收节奏同步提速，推动了公司经营业绩的筑底回升与快速增长，整体盈利能力明显提升。 每经头条（nbdtoutiao）——丹麦士兵荷枪实弹上岛，准备战斗！反击特朗普夺岛图谋，美最大债主3.6 万亿美元"金融核弹"可随时引爆，格陵兰风云骤起 ...

每经AI快讯，1月25日，先导智能(300450.SZ)发布2025年度业绩预告，预计归属于上市公司股东的净利 润为15亿元~18亿元，比上年同期增长424.29%~529.15%。业绩变动原因：全球动力电池市场回暖，储 能需求强劲增长，公司龙头地位巩固，订单规模与交付验收节奏加快，叠加新技术研发与数字化降本增 效，盈利能力明显提升。 ...

人民财讯1月25日电，先导智能（300450）1月25日发布业绩预告，预计2025年归母净利润15亿元—18亿 元，同比增长424.29%—529.15%。2025年全球动力电池市场持续回暖，储能领域需求强劲增长，行业 整体需求持续复苏。随着国内头部电池企业开工率提升、扩产节奏有序加快，公司订单规模同比快速回 升，订单交付与项目验收节奏同步提速，推动了公司经营业绩的筑底回升与快速增长，整体盈利能力明 显提升。 ...

先导智能公告，预计2025年度净利润为15亿元—18亿元，同比增长424.29%—529.15%。2025年全球动 力电池市场持续回暖，储能领域需求强劲增长，行业整体需求持续复苏，公司在新能源智能装备领域的 龙头地位进一步巩固。随着国内头部电池企业开工率提升、扩产节奏有序加快，公司订单规模同比快速 回升，订单交付与项目验收节奏同步提速，推动了公司经营业绩的筑底回升与快速增长，整体盈利能力 明显提升。 ...

无锡先导智能装备股份有限公司 2025 年度业绩预告 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、误导性陈述或者重大遗漏。 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、预计的业绩：扭亏为盈 同向上升 同向下降 | 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：150,000 | 万元 | — | 180,000 | 万元 | 盈利：28,610.08 | 万元 | | | 比上年同期增长：424.29% | | | — | 529.15% | | | | 扣除非经常性损 | 盈利：148,000 | 万元 | — | 178,000 | 万元 | 盈利：36,024.50 | 万元 | | 益后的净利润 | 比上年同期增长：310.83% | | | — | 394.11% | | | 证券代码：300450 证券简称：先导智能 公告编号：2026-003 三、 ...

無錫先導智能裝備股份有限公司 香港聯合交易所有限公司及證券及期貨事務監察委員會對本聆訊後資料集的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本聆訊後資料集全部或任何部分內容而產生或依賴該等內 容而引致的任何損失承擔任何責任。 WUXI LEAD INTELLIGENT EQUIPMENT CO., LTD. （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的 要求而刊發，僅用作提供資訊予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代 表 閣下知悉、接納並向無錫先導智能裝備股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）、 本公司的聯席保薦人、整體協調人、顧問及包銷團成員表示同意： 本聆訊後資料集不會向於美國的人士刊發或分發，當中所述證券並無亦不會根據1933年美國證券法登 記，且在根據1933年美國證券法辦理登記手續或取得豁免前不得於美國發售或出售。不會於美國公開發 售證券。 本聆訊後資料集及當中所載資料 ...

1月23日，市场交投氛围活跃，日成交额重返3万亿元上方，近4000只个股收涨。航空航天、营销服务、电源设备领涨，大消费依旧疲软。微盘股与蓝筹股 分化明显，主要指数涨幅温和，北证50却飙升近4%。 受访人士表示，风险偏好持续修复，资金"弃高就低"轮动。权重股暂歇，中小盘及高景气细分赛道成主攻方向。被套投资者应结合板块属性与基本面，差 异化操作，忌一刀切加仓或割肉；新资金宜逢回调分批建仓，谨慎追高，聚焦估值与业绩匹配的品种。 量能放大逾4000亿元 1月23日，市场喜气洋洋，指数、板块、个股上涨居多，量能放大逾4000亿元，日成交额跃升至3.12万亿元。杠杆资金持续回流，截至1月22日，沪深京两 融余额已升至2.72万亿元。 盘面来看，指数全天走高，但涨幅温和：沪指收报4136.16点，涨0.33%；创业板指报3349.5点，涨0.63%；深证成指涨0.79%。沪深300、上证50微跌，科 创50微涨，北证50收涨3.82%。 盘面上分化明显，天基互联、BC电池、HIT电池、卫星应用大涨，电源设备、营销服务也表现不错。算力概念、天然气、CPO概念、英伟达概念、F5G概 念、光通信模块、航空机场下跌。 | 名称 | ...

Investment Rating - The report maintains an "Overweight" rating for the lithium battery industry, expecting the industry index to outperform the market index by over 10% in the next six months [47]. Core Insights - Global energy storage battery shipments are projected to grow by over 80% year-on-year in 2025, with significant contributions from both the automotive and energy storage sectors [40]. - The lithium battery index has seen a decline of 5.75% over the past two weeks, underperforming the CSI 300 index by 5.46 percentage points [12]. - The report highlights a positive outlook for the lithium battery market, driven by strong demand in the energy storage sector and supportive government policies [43]. Summary by Sections Market Review - As of January 22, 2026, the lithium battery index has decreased by 4.84% year-to-date, lagging behind the CSI 300 index by 6.87 percentage points [12]. - The report notes a recent upward trend in lithium carbonate and lithium hydroxide prices, with increases of 19.84% and 17.19% respectively over the past two weeks [24][5]. Price Changes in the Lithium Battery Supply Chain - Prices for battery-grade lithium carbonate averaged 166,100 CNY/ton, while lithium hydroxide (LiOH 56.5%) was priced at 160,200 CNY/ton as of January 22, 2026 [24]. - Positive price movements were observed in cathode materials, with lithium iron phosphate and NCM materials seeing increases of 16.60% and 12.35% respectively [27][22]. Industry News - By the end of 2025, China's new energy storage capacity is expected to reach 144.7 GW, marking an 85% increase year-on-year [40]. - The global lithium battery production is projected to reach 3,092 GWh in 2026, reflecting a year-on-year growth of 34.6% [40]. Company Announcements - Companies such as Penghui Energy and Defu Technology have reported significant expected profit increases for 2025, indicating a positive trend in the industry [42]. - CATL has introduced a new sodium battery solution, showcasing innovation in the battery technology space [40]. Weekly Perspective - The report emphasizes that while the demand for power batteries may weaken in the short term due to seasonal factors, the energy storage market continues to grow rapidly, supported by favorable policies [43].

Core Viewpoint - The AI Fund Huashang New Energy Vehicle Mixed A (013886) reported a profit of 28.387 million yuan for Q4 2025, with a weighted average profit per fund share of 0.0407 yuan. The fund's net value growth rate was 6.86%, and its total size reached 448 million yuan by the end of Q4 2025 [2][15]. Fund Performance - As of January 22, the unit net value of the fund was 0.659 yuan. The fund manager, Chen Xiaoqiong, oversees three funds, all of which have shown positive returns over the past year. The highest growth rate among these funds was 105.95% for Huashang High-end Equipment Manufacturing Stock A, while the lowest was 56.95% for Huashang New Energy Vehicle Mixed A [2][3]. Market Overview - In Q4 2025, the A-share market experienced fluctuations, with the Shanghai Composite Index oscillating between 3,800 and 4,030 points, briefly surpassing the 4,000-point mark in October. The Shanghai Composite Index, CSI 300, ChiNext Index, and STAR Market Index saw respective changes of 2.22%, -0.23%, -1.08%, and 10.1% [3]. Investment Strategy - The fund's investment strategy focuses on two main themes: growth and quality. Growth investments are centered around sectors such as lithium batteries, energy storage, solid-state batteries, and AIDC power equipment, with an emphasis on tracking industry developments and selective stock picking. The quality investments are directed towards assets with strong competitive advantages and sustainable profitability [3]. Fund Rankings - As of January 22, the fund's performance over various time frames ranked as follows among comparable funds: 20.14% growth over the last three months (40/621), 51.01% over the last six months (54/621), 56.95% over the last year (141/613), and -24.00% over the last three years (524/535) [3]. Risk Metrics - The fund's Sharpe ratio over the last three years was 0.0231, ranking 495 out of 526 comparable funds. The maximum drawdown during this period was 60.46%, with the largest single-quarter drawdown occurring in Q1 2024 at 32.7% [9][11]. Portfolio Composition - The average stock position of the fund over the last three years was 87.3%, slightly above the comparable average of 85.83%. The fund reached its highest stock position of 92.85% at the end of Q3 2025 and its lowest of 74.26% at the end of H1 2024 [14]. Top Holdings - As of the end of Q4 2025, the fund's top ten holdings included Ningde Times, Sunshine Power, Tianci Materials, Duofluor, Huasheng Lithium, Huayou Cobalt, Guocheng Mining, Xian Dao Intelligent, Penghui Energy, and Nord Shares [18].

格隆汇1月23日丨先导智能(300450.SZ)公布，公司正在进行申请发行境外上市股份（H股）并在香港联 合交易所有限公司（简称"香港联交所"）主板挂牌上市的相关工作。香港联交所上市委员会于2026年1 月22日举行上市聆讯，审议公司本次发行上市的申请。公司本次发行上市的联席保荐人已于2026年1月 23日收到香港联交所向其发出的信函，其中指出香港联交所上市委员会已审阅公司的上市申请，但该信 函不构成正式的上市批准，香港联交所仍有对公司的上市申请提出进一步意见的权力。 ...