内容概要：光储充一体化即光伏+储能+充电模式，其核心是由光伏、储能、充电桩等元素通过电力电 子技术集成一体、互相协调支撑形成的新型"源网荷储"电力系统。随着新能源汽车保有量、车桩比的提 升以及超级快充的普及，对充电设施的供电容量要求越来越高，对现有充电网体系也带来了很大挑战。 当大量电动汽车同时充电时，会对电网造成较大的负荷压力，可能导致电压波动、供电不稳定等问题。 光储充一体化充电站"即发、即用、即储"的模式可以降低充电损耗，推广建设之后不仅可以解决电车用 户充电难、充电久的问题，还进一步降低了在交通领域的碳排放，赋能新能源汽车更多的绿色价值。近 年来，光储充一体化电站建设迎来热潮，城市充电站、高速公路服务区、工业园区等应用场景持续落 地，为电动汽车提供清洁、高效的充电服务。光储充一体化解决方案行业正处于快速发展阶段，数据显 示，2024年中国光储充一体化解决方案市场规模约57.8亿元，占全球市场规模的51%。。未来，随着技 术的不断进步和市场的不断成熟，光储充一体化超充站有望迎来更广泛的应用。 上市企业：阳光电源 (300274)、宁德时代（300750）、特锐德（300001）、比亚迪(002594)、 ...

Investment Rating - The industry investment rating is "Overweight" [3][30]. Core Viewpoints - The humanoid robot industry is expected to see significant growth, with a projected cumulative demand of approximately 2 million units by 2030, indicating a critical breakthrough phase from 0 to 1 [6][24]. - The report highlights key companies to watch in the humanoid robot supply chain, including Tier 1 suppliers and core component manufacturers [6][24]. - The report emphasizes the importance of technological advancements in various sectors, including photovoltaic equipment, energy storage, semiconductor equipment, automation, and hydrogen energy, suggesting a favorable outlook for leading companies in these areas [6][25][26]. Summary by Sections Humanoid Robots - Recent developments include the launch of the first domestic AI-powered exoskeleton robot by Zhiyuan, which features advanced technology for various applications [7]. - The first batch of 220 humanoid robots was delivered by Chery, showcasing their capabilities in customer service and sales guidance [17]. - The World Humanoid Robot Sports Competition is set to take place in August, highlighting the growing interest and innovation in the humanoid robotics field [23]. Photovoltaic Equipment - The penetration rate of N-type photovoltaic technology is accelerating, strengthening the competitive edge of leading companies [25]. - The report suggests focusing on companies that are innovating in cost-reduction technologies and expanding production capacity [25]. Energy Storage - Favorable policies are expected to drive growth in both generation-side and user-side energy storage [25]. - Companies like Xingyun Co. are positioned to benefit from strategic partnerships in the energy storage sector [25]. Semiconductor Equipment - The semiconductor equipment market is projected to reach $140 billion by 2030, with a focus on domestic alternatives due to low current localization rates [26]. - The report recommends monitoring companies that are well-positioned to capitalize on this trend [26]. Automation - The market for industrial tools is expected to grow from approximately 40 billion to 55.7 billion by 2026, with opportunities for leading companies to gain market share through increased concentration and import substitution [26]. Hydrogen Energy - The report highlights the potential of green hydrogen in achieving carbon neutrality, with a focus on companies that integrate the hydrogen supply chain [25].

证券简称：星云股份 证券代码：300648 3.高管您好，能否请您介绍一下本期行业整体和行业内其 他主要企业的业绩表现？谢谢。 福建星云电子股份有限公司 2024年度业绩说明会 投资者活动关系记录表 编号：2025-002 答：感谢您的关注，本期行业整体情况可参阅公司披露的 《2024 年年度报告》"第三节 一、报告期内公司所处行 业情况" ，行业内其他企业的业绩表现可查阅其他上市 公司披露的定期报告。 4.您好，请问公司再融资项目完成了吗？ 答：感谢您的关注，公司已完成再融资项目，详情请查阅 公司已披露的公告。 5.高管您好，请问贵公司未来盈利增长的主要驱动因素有 哪些？谢谢。 | 投资者关系活动类别 | 特定对象调研 分析师会议 媒体采访 | | | --- | --- | --- | | | □路演活动 业绩说明会 | □新闻发布会 | | | □现场参观 其他 | | | 参与单位名称 | 星云股份2024年度业绩说明会采用网络远程方式进行，面 | | | 及人员姓名 | 向全体投资者 | | | 时间 | 2025年4月30日15:00-17:00 | | | 地点 | 深圳证券交易所"互 ...

2024 年营业收入普遍下滑，部分公司出现亏损 ： 大多数公司 2024 年营业收入同比出现 20%-50% 的 降幅， 仅 曼恩斯特、星云股份和纳科诺尔 等少数公司保持正增长。 利润方面， 大多数公司出于谨慎原则计提了较高减值，导致归母净利润同比降幅相较收入降幅扩大， 海 目星、利元亨、金银河和星云股份 等公司出现了亏损。 业绩下滑反映了 2024 年国内锂电下游市场需求 放缓，客户设备验收节奏有所延迟的情况。 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：鑫椤锂电 锂电设备公司已经于近期陆续公布了 2024 年及 2025 年一季度的财报。 #鑫椤锂电 整理了主要锂电设 备公司的营业收入和归母净利润表格如下。 | 公司名称 | | 营业收入 | | | 明母冷却酒 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2024 (亿元) | 同比 | Q125 (1Z7C) | 目比 | 2024 (1770) | 同比 | Q125 (177) | 同比 | | 先导 ...

证券简称：星云股份 证券代码：300648 福建星云电子股份有限公司 答：研发验证测试主要来源于三个方面：一是客户对于新 电池的测试需求，这是占比最高且耗时最长的部分；二是 更换新材料、新配方或新供应商时，需要进行大量的验证 测试；三是为满足客户定制 pack 的需求，即针对不同车 企的独特要求进行专门的定制化测试，这也需要大量的验 证工作。 5. 对于电芯自燃问题，如何通过检测来预防？ 答：通过有效检测手段，可以在电池发生临界状态前预警 以预防自燃等风险。电池性能变化是一个过程，可通过检 测及时发现问题并采取措施，而不是等到电池达到临界点 才进行干预。这样可以有效解决电池安全问题。 | 投资者关系活动类别 | 特定对象调研 分析师会议 媒体采访 | | --- | --- | | | 业绩说明会 □新闻发布会 □路演活动 | | | □现场参观 其他（线上会议） | | | 开源证券、国信证券、长江证券、财通基金、中国国金、 | | 参与单位名称 | 中信建投、国盛证券、华福证券、平安资本、同泰资金、 | | 及人员姓名 | 吉富创业投资、前海中船（深圳）私募、长城财富保险资 | | | 产管理、 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0272 | -0.1868 | 85.44 | -0.2258 | | 每股净资产（元） | 5.18 | 5.65 | -8.32 | 6.95 | | 每股公积金(元) | 4.06 | 4.13 | -1.69 | 4.16 | | 每股未分配利润(元) | -0.11 | 0.29 | -137.93 | 1.57 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 2.29 | 1.88 | 21.81 | 1.57 | | 净利润(亿元) | -0.04 | -0.28 | 85.71 | -0.33 | | 净资产收益率(%) | -0.52 | -3.26 | 84.05 | -3.21 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 3013.76万股，累计占流通 ...

Financial Performance - The company's revenue for Q1 2025 was ¥228,541,091.99, representing a 21.26% increase compared to ¥188,467,749.93 in the same period last year[5]. - The net loss attributable to shareholders decreased to ¥4,022,319.88, an improvement of 85.43% from a loss of ¥27,601,202.70 in the previous year[5]. - Operating profit for the current period was reported at -¥3,383,707.70, an improvement from -¥27,232,966.59 in the previous period[24]. - Net profit for the current period was -¥4,036,710.93, compared to -¥27,992,796.38 in the previous period, indicating a significant reduction in losses[24]. - The total comprehensive income for the period was -3,920,352.81 yuan, compared to -27,954,605.93 yuan in the previous period[25]. Cash Flow - The net cash flow from operating activities was ¥48,061,704.38, a significant increase of 274.73% compared to -¥27,506,023.11 in the same period last year[12]. - Cash received from sales of goods and services was 289,971,501.88 yuan, an increase from 263,742,927.04 yuan in the previous period[27]. - Cash paid for goods and services was 118,789,081.95 yuan, down from 159,773,676.47 yuan in the previous period[28]. - Cash flow from investing activities was -10,636,586.84 yuan, worsening from -5,149,238.52 yuan in the previous period[28]. - Cash flow from financing activities was -8,948,073.46 yuan, compared to a positive 14,642,008.94 yuan in the previous period[28]. - The ending balance of cash and cash equivalents was 116,023,965.84 yuan, down from 139,210,049.71 yuan in the previous period[28]. - The company received 346,797,056.94 yuan in cash from borrowings, up from 249,326,063.11 yuan in the previous period[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,110,337,983.88, showing a slight increase of 0.40% from ¥2,101,842,407.29 at the end of the previous year[5]. - Total liabilities increased to ¥1,344,268,196.78 from ¥1,331,852,267.38, reflecting a rise of 0.9%[21]. - Current assets totaled ¥1,186,374,579.99, a slight increase from ¥1,172,525,820.63[21]. - Long-term borrowings increased significantly by 183.72% to ¥122,000,000.00 from ¥43,000,000.00 at the end of the previous year[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,435[15]. - Major shareholder Li Youcai holds 14.97% of shares, amounting to 22,124,190 shares, with 7,436,192 shares pledged[15]. - Major shareholder Liu Zuobin holds 11.36% of shares, amounting to 16,782,152 shares, with 8,359,192 shares pledged[15]. - The company has not disclosed any changes in the top 10 shareholders due to securities lending activities[16]. - The company plans to extend the agreement between major shareholders Li Youcai and Liu Zuobin until October 2027[15]. Equity and Earnings - The company's basic earnings per share improved to -¥0.0272, an increase of 85.44% from -¥0.1868 in the same period last year[5]. - The total equity attributable to shareholders decreased slightly by 0.51% to ¥765,400,995.81 from ¥769,306,957.57 at the end of the previous year[5]. - The company reported a significant increase in contract liabilities by 83.12% to ¥79,644,679.06, up from ¥43,493,474.34 at the end of the previous year[10]. - The company recorded a substantial increase in other comprehensive income by 316.05% to ¥153,174.87, compared to ¥36,816.75 at the end of the previous year[10]. Research and Development - Research and development expenses were reported at ¥35,300,252.92, down from ¥43,009,719.15, a decrease of 17.9%[24]. Miscellaneous - The company raised a total of RMB 636,999,996.16 from issuing 26,497,504 shares at a price of RMB 24.04 per share, with a net amount of RMB 627,550,798.00 after deducting issuance costs[16]. - The company’s stock issuance to specific investors was officially listed on April 18, 2025[17]. - The company did not undergo an audit for the first quarter report[30].

证券代码：300648 证券简称：星云股份 公告编号：2025-038 福建星云电子股份有限公司 关于注销部分募集资金专项账户的公告 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。 州五一支行、中国民生银行股份有限公司福州闽都支行、招商银行股份有限公司 福州分行营业部、中信银行股份有限公司福州分行签订了《募集资金三方监管协 议》，明确了各方的权利和义务，上述《募集资金三方监管协议》与深圳证券交 易所的《募集资金三方监管协议》范本不存在重大差异。公司在使用募集资金的 时候，严格履行相应的申请和审批手续，同时及时知会保荐机构，随时接受保荐 代表人的监督。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意福建星云电子股份有限公司向特定对 象发行股票注册的批复》（证监许可﹝2020﹞2642号）同意注册，福建星云电子 股份有限公司（以下简称公司）向特定对象发行人民币普通股（A股）12,383,896 股，每股面值为1.00元（人民币，币种下同），发行价格为32.30元/股，募集资金 总额为399,999,840.80元，扣除与发行相关的费用（不含税）11,59 ...

福建星云电子股份有限公司 关于 2025 年第一季度报告披露的提示性公告 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。 2025 年 4 月 24 日，福建星云电子股份有限公司（以下简称公司）召开第四 届董事会第十六次会议，审议通过了《关于<2025 年第一季度报告>的议案》。公 司《2025 年第一季度报告》于 2025 年 4 月 26 日在中国证券监督管理委员会指 定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬请 投资者注意查阅。 证券代码：300648 证券简称：星云股份 公告编号：2025-036 福建星云电子股份有限公司 特此公告。 董 事 会 二〇二五年四月二十六日 ...

插播 ：储能荣耀之战，优质项目值得被看见！2024-2025用户侧储能项目TOP10榜单征集进行时，点击 阅读原文 进行申报 近期，又有4大储能产能类项目更新进度，涉及投资金额超23亿元。 其中，星云股份拟使用募资不超过3.5亿推动储能相关项目，星辰新能超10亿的绍兴总部基地封顶；同时东芝、 Shinsung ST计划在美国扩大储能 产能以应对特朗普关税。 ■ 星云股份：拟使用募资3.52亿加码储能 4月23日，星云股份发布关于使用募集资金向全资子公司提供借款以实施募投项目的公告，提到，公司决定使用募集资金向全资子公司——宁德星 云电子提供借款以实施募投项目"星云储能系统及电池关键部件制造和检测中心项目"，并将按照募投项目进度实施借款。 根据公告， 公司本次募集资金投资项目"星云储能系统及电池关键部件制造和检测中心项目"的实施主体为公司全资子公司宁德星云电子。为顺利推 进公司募投项目建设，公司计划使用 募集资金不超过3.52亿元 向全资子公司宁德星云电子提供无息借款以实施募投项目。 | | | | 单位: 万元 | | --- | --- | --- | --- | | 00 | 0000 | 0000 | ...