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先导智能20250605
2025-06-06 02:37
从整个锂电周期复盘来看,呈现出明显的周期特征。2019 年至 2021 年,新 能源车的渗透率从 5%迅速提升至 20%,甚至达到 30%的水平。这一快速提 升带来了动力电池装机需求的增长,下游动力电池厂纷纷扩产,包括宁德时代、 比亚迪等一线厂商,以及蜂巢能源、中创新航、国轩高科等二三线厂商,甚至 日韩的 LG、SK、三星和松下等海外厂商也积极扩产。伴随着动力电池厂的扩 展,锂电设备商的新签订单也进入了快速增长阶段。然而,从 2022 年至 2024 年前三季度,由于新能源车销量放缓,导致电池厂资本开支下降,设备 商的新签订单增长迟滞甚至下滑。 先导智能 20250605 摘要 锂电设备行业在未来的发展前景如何? 新能源汽车渗透率提升及政策推动,锂电设备行业自 2024 年三季度起 迎来新增长,头部电池厂如宁德时代重启扩产,产能利用率显著提升。 宁德时代计划至 2029 年总产能扩张至 1,200GWh,重点布局海外产能, 包括匈牙利、德国、西班牙、印尼等地工厂,以配套宝马、奔驰等主机 厂。 比亚迪亦有较大扩产计划,预计 2025 年销量同比增长 35%至接近 50%,并将在泰国、印尼、匈牙利和巴西等地进行完 ...
LEAD Unveils Its Inaugural Climate Action White Paper
Globenewswire· 2025-06-05 14:32
WUXI, China, June 05, 2025 (GLOBE NEWSWIRE) -- On June 5, 2025, coinciding with the 54th World Environment Day, Wuxi Lead Intelligent Equipment Co., Ltd. (hereinafter referred to as "LEAD") launched its first White Paper on Climate Action—a significant milestone in China's new energy equipment sector. This report, aligned with the TCFD (Task Force on Climate-related Financial Disclosures) framework, outlines LEAD's climate initiatives and proposes a replicable model for global low-carbon transformation. Co ...
固态电池产业化加速推进,电池ETF基金(562880)上涨1.27%
Sou Hu Cai Jing· 2025-06-04 03:51
规模方面,电池ETF基金近1年规模增长4781.50万元,实现显著增长,新增规模位居可比基金前2。份额方面,电池ETF基金近3月份额增长1050.00万份,实 现显著增长,新增份额位居可比基金第一。 值得注意的是,该基金跟踪的中证电池主题指数估值处于历史低位,最新市净率PB为2.82倍,低于指数近5年84.79%以上的时间,估值性价比突出。 截至2025年6月4日 11:13,中证电池主题指数强势上涨1.48%,成分股派能科技上涨4.09%,湖南裕能上涨3.91%,银轮股份上涨3.48%,富临精工、国轩高科 等个股跟涨。电池ETF基金(562880)上涨1.27%。 流动性方面,电池ETF基金盘中成交181.08万元。拉长时间看,截至6月3日,电池ETF基金近1年日均成交805.58万元。 消息面方面,德尔股份公告称,公司与浙江省湖州市吴兴区织里镇人民政府签订《投资合作协议》,在织里镇投资建设新型锂电池中试及产业化项目、智能 电机产业化项目,项目计划投资总额约3亿元。 国信证券发布研报显示,固态电池产业化加速推进:应用端,宝马、奔驰、奇瑞等车企已经开始进行全固态电池样车路测,金龙羽已与客户签署无人机固态 电池 ...
先导智能:看好国内龙头扩产重启&海外整车厂入局,龙头设备商充分受益-20250603
Soochow Securities· 2025-06-03 06:23
买入(维持) | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 16,628 | 11,855 | 13,200 | 17,000 | 20,100 | | 同比(%) | 19.35 | (28.71) | 11.34 | 28.79 | 18.24 | | 归母净利润(百万元) | 1,774.57 | 286.10 | 1,056.93 | 1,702.00 | 2,227.97 | | 同比(%) | (23.45) | (83.88) | 269.42 | 61.03 | 30.90 | | EPS-最新摊薄(元/股) | 1.13 | 0.18 | 0.67 | 1.09 | 1.42 | | P/E(现价&最新摊薄) | 17.15 | 106.36 | 28.79 | 17.88 | 13.66 | [Table_Tag] [Table_Summary] 投资要点 2025 年 06 月 03 日 证券分析师 周 ...
先导智能(300450):看好国内龙头扩产重启、海外整车厂入局,龙头设备商充分受益
Soochow Securities· 2025-06-03 05:01
证券研究报告·公司深度研究·电池 先导智能(300450) 看好国内龙头扩产重启&海外整车厂入局, 龙头设备商充分受益 买入(维持) | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 16,628 | 11,855 | 13,200 | 17,000 | 20,100 | | 同比(%) | 19.35 | (28.71) | 11.34 | 28.79 | 18.24 | | 归母净利润(百万元) | 1,774.57 | 286.10 | 1,056.93 | 1,702.00 | 2,227.97 | | 同比(%) | (23.45) | (83.88) | 269.42 | 61.03 | 30.90 | | EPS-最新摊薄(元/股) | 1.13 | 0.18 | 0.67 | 1.09 | 1.42 | | P/E(现价&最新摊薄) | 17.15 | 106.36 | 28.79 | 17.88 | 13.66 ...
先导智能:海内外扩产共振,锂电设备龙头拐点已至-20250528
Soochow Securities· 2025-05-28 08:23
证券研究报告·公司点评报告·电池 先导智能(300450) 海内外扩产共振,锂电设备龙头拐点已至 2025 年 05 月 28 日 买入(维持) | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 16,628 | 11,855 | 13,200 | 17,000 | 20,100 | | 同比(%) | 19.35 | (28.71) | 11.34 | 28.79 | 18.24 | | 归母净利润(百万元) | 1,774.57 | 286.10 | 1,056.93 | 1,702.00 | 2,227.97 | | 同比(%) | (23.45) | (83.88) | 269.42 | 61.03 | 30.90 | | EPS-最新摊薄(元/股) | 1.13 | 0.18 | 0.67 | 1.09 | 1.42 | | P/E(现价&最新摊薄) | 18.31 | 113.59 | 30.75 | 19.09 | ...
先导智能(300450):海内外扩产共振,锂电设备龙头拐点已至
Soochow Securities· 2025-05-28 07:01
证券研究报告·公司点评报告·电池 先导智能(300450) 海内外扩产共振,锂电设备龙头拐点已至 2025 年 05 月 28 日 买入(维持) | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 16,628 | 11,855 | 13,200 | 17,000 | 20,100 | | 同比(%) | 19.35 | (28.71) | 11.34 | 28.79 | 18.24 | | 归母净利润(百万元) | 1,774.57 | 286.10 | 1,056.93 | 1,702.00 | 2,227.97 | | 同比(%) | (23.45) | (83.88) | 269.42 | 61.03 | 30.90 | | EPS-最新摊薄(元/股) | 1.13 | 0.18 | 0.67 | 1.09 | 1.42 | | P/E(现价&最新摊薄) | 18.31 | 113.59 | 30.75 | 19.09 | ...
先导智能焊接设备出货北美,引领行业全球化新高度
Cai Fu Zai Xian· 2025-05-26 01:26
Core Insights - The photovoltaic industry is experiencing a new round of technological upgrades and capacity expansion amid the global energy transition, with Chinese photovoltaic equipment manufacturers making significant technological breakthroughs and entering high-end markets in Europe and America [1][6]. Group 1: Technological Advancements - The photovoltaic industry is evolving towards higher efficiency and lower costs, necessitating improved performance and technology levels in production equipment [3]. - The newly delivered welding equipment by the company integrates advanced processes such as non-destructive scribing, screen printing, and stacking, setting a new benchmark in the industry [3]. - The equipment achieves a production capacity efficiency of over 4,000 pieces per hour, significantly enhancing unit area productivity to support large-scale industrial production [3][4]. Group 2: Precision and Compatibility - The equipment employs a dual-process innovation of screen printing and stacking, achieving a printing precision of ±0.1mm and a process stability index (CPK) of ≥1.33, surpassing industry averages [3][4]. - It features strong compatibility, allowing for quick switching between different specifications and types of battery cells, and can adapt to future technological upgrades [4]. Group 3: Service Excellence - The company demonstrated exceptional service levels during the equipment delivery process, which is crucial for competitiveness in the international market [5]. - A professional team was assembled to follow the project closely, ensuring customized solutions and strict quality control throughout the production process [5]. - The company provided comprehensive post-delivery services, including installation, debugging, and technical training, to ensure seamless integration into the client's production line [5]. Group 4: Market Expansion and Future Outlook - The successful delivery to a top global electric vehicle and clean energy company is a strong recognition of the company's technological capabilities and lays the groundwork for further expansion in the North American photovoltaic market [6]. - The company aims to continue deepening its focus on intelligent manufacturing in the renewable energy sector, enhancing technological innovation, and contributing to the global renewable energy industry's development [6].
全固态电池新标准出台 机构称全固态电池产业化进程加速
华西证券表示,固态电池具备诸多优势,包括更高的安全性、能量密度、循环寿命、机械强度,更宽的 温度适应性和材料选择性等,其中高安全和高容量为固态电池核心优势。受益标的:1)材料端:宁德时 代(300750)、比亚迪(002594)、亿纬锂能(300014)、鹏辉能源(300438)、天奈科技 (688116)、厦钨新能(688778)、当升科技(300073)、容百科技(688005)、三祥新材 (603663)、东方锆业(002167)、恩捷股份(002812)、星源材质(300568)、元力股份 (300174)、上海洗霸(603200)、天赐材料(002709)、中科电气(300035)、翔丰华、璞泰来 (603659)、金博股份等。2)设备端:纳科诺尔、曼恩斯特等。 国海证券认为,全固态电池产业化进程加速,材料端重点关注硫化物路线,设备端核心增量在 于"干""压""叠"。1)前段:变化最为明显,干法电极设备及固态电解质干法成膜设备有望逐步替代传统 湿法设备,主要包括:纤维化设备、辊压机;2)中段:仅可用叠片机(搭配软包),且对叠片机的精度和 稳定性要求提升,此外无需注液机,新增等静压机核心致密化设备;3 ...
碳中和ETF基金(159885)涨超1.3%冲击3连涨,两岸碳中和大会在福州举办
Xin Lang Cai Jing· 2025-05-21 06:51
Group 1 - The core theme of the news revolves around the rising interest and investment in low-carbon economy initiatives, highlighted by the performance of the China Securities Low-Carbon Economy Theme Index and related ETFs [1][2][3] - The China Securities Low-Carbon Economy Theme Index (000977) saw a strong increase of 1.21%, with significant gains in constituent stocks such as Guoxuan High-Tech (up 9.99%) and Ningde Times (up 4.41%) [1] - The Carbon Neutrality ETF (159885) has experienced a 1.39% increase, marking its third consecutive rise, indicating growing investor confidence in carbon neutrality initiatives [2] Group 2 - The 2025 (Third Cross-Strait Carbon Neutrality Conference) held in Fuzhou focused on sustainable development opportunities and cooperation between the two sides, with over 200 experts and industry leaders participating [2] - The conference resulted in the "Cross-Strait Enterprises Carbon Neutral Green Action Fuzhou Initiative," urging enterprises to commit to green practices and contribute to global climate governance [2] - A report from Dongwu Securities emphasized the importance of achieving carbon peak and carbon neutrality by 2030, with a focus on establishing zero-carbon parks and factories, and expanding the national carbon trading market [2][3] Group 3 - CITIC Securities highlighted that achieving carbon neutrality by 2060 is crucial for China to integrate into the new global industrial chain and build a community with a shared future [3] - Non-fossil energy is expected to be the main driver of energy growth, with policies focusing on energy consumption control, carbon trading, and green finance [3] - The top ten weighted stocks in the China Securities Low-Carbon Economy Theme Index account for 62.79% of the index, indicating a concentrated investment in key sectors such as clean energy and storage [3]