（来源：起点锂电） 今年IPO通道开始放宽，多家有实力的企业重新开启上市之路。 面对如今火爆的储能行业，公司也精准切入储能热管理赛道，其液冷方案成功进入宁德时代、阳光电源 等企业供应链。 01 今年宁德时代多家供应商IPO更新 纳百川是今年继宏工科技后第二家上市的宁德时代供应商，起点锂电经过不完全统计，有以下宁德时代 供应商在今年寻求资本协助。 宏工科技 今年4月17日宏工科技登陆创业板，发行价26.6元/股，股份数量为2000万股，上市首日以72.20元/股高 开，涨幅171.43%，公司于2022年6月获受理，2023年5月12日通过上市委会议，但到了2024年12月才提 交注册，今年4月开启新股申购，本次IPO募集资金总额5.32亿元。 起点锂电获悉，宁德时代供应商纳百川宣布今日在深交所创业板上市，公开发行2791.74万股，发行价 格22.63元，上市首日开盘价60元。 纳百川自成立以来一直深耕热管理技术2011年切入动力电池热管理产品研发，逐步成长为该赛道TOP级 别企业，核心产品电池液冷板收入占比约八成，随着锂电池行业的爆发，公司也依靠锂电池行业实现年 复合增长率18.17%，相关的研发费用也逐渐 ...

Core Insights - The energy storage industry is experiencing a robust growth phase driven by strong demand both domestically and internationally, with leading battery companies operating at full capacity and battery prices continuing to rise [1][2]. Group 1: Demand Dynamics - Global energy storage installations are on the rise, with China being the largest market. In 2024, global new energy storage installations are expected to reach 74 GW, a 62.5% increase year-on-year [2]. - In China, new energy storage installations are projected to reach 43.7 GW and 109.8 GWh in 2024, marking a year-on-year growth of 103% and 136%, respectively, and accounting for 59% of global new installations [2]. Group 2: Policy Developments - The release of the "136 Document" in February 2025 marks a significant policy shift, ending the mandatory energy storage requirement for renewable energy projects, thus allowing energy storage to compete independently in the electricity market [3]. - The "Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)" aims for a national energy storage capacity of over 180 million kilowatts by 2027, promoting diverse revenue channels for energy storage [3]. Group 3: Market Performance - In the first half of 2025, new energy storage projects in China added 23.0 GW and 56.1 GWh, representing a year-on-year increase of 68% [4]. - By November 2025, domestic energy storage tenders reached 190 GWh, a 138% increase, with a total of 175 GWh awarded, reflecting a 99% year-on-year growth [4]. Group 4: International Trends - In the U.S., the rapid growth of AI data centers is reshaping energy demand, with projections indicating that by 2030, AI data centers could account for over 20% of electricity demand [5]. - The European market is also expanding, with expected energy storage installations of 20 GWh in 2025, a 131% increase, and 42 GWh in 2026, a 109% increase [6]. Group 5: Pricing Trends - The energy storage market is witnessing a price recovery, with the average price for 2-hour storage systems rising to 0.64 CNY/Wh in September 2025, a 31% increase from the previous month [7]. - The shift away from forced storage policies is expected to enhance the economic viability of energy storage, leading to improved pricing and demand [7]. Group 6: Industry Landscape - Major players in the energy storage sector, including CATL and BYD, are gaining significant market share, with CATL securing over 56 GWh in overseas contracts by Q3 2025 [8][9]. - The energy storage narrative is intertwined with policy, technology, and the future of energy security, indicating a promising trajectory for the industry [9].

Group 1 - A-shares' three major indices closed in the green on December 23, with the energy metals, battery, fiberglass, electronic chemicals, and precious metals sectors leading the gains, while tourism, education, real estate services, aerospace, and software development sectors saw declines [1] - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 32.218 billion yuan, with six industries receiving net inflows, led by the power equipment industry with a net inflow of 3.656 billion yuan [1] - The defense and military industry, along with the electronics sector, saw the largest net outflows, each exceeding 5 billion yuan, while the communications, computer, and automotive sectors also faced significant outflows [1] Group 2 - Eight stocks received net inflows exceeding 500 million yuan, with Duofuduo leading at 1.248 billion yuan, benefiting from the strong performance of lithium battery concepts [2][3] - The price of battery-grade lithium carbonate rose significantly in November, with an increase of 13.58% from 81,000 yuan/ton to 92,000 yuan/ton, and futures contracts saw a rise of 17.19% [2] - The stock N Nabachuan, which debuted on the same day, saw a remarkable increase of 408.17% and focuses on thermal management products for electric vehicle batteries and fuel vehicles [5] Group 3 - The top stocks with net inflows included Duofuduo, Yingweike, and Ningde Times, with respective inflows of 1.248 billion yuan, 1.035 billion yuan, and 884 million yuan [3] - The stocks with the highest net outflows included Shanzigaoke, Shanghai Hanxun, and Lingyizhi, with outflows of 1.134 billion yuan, 1.062 billion yuan, and 941 million yuan respectively [4] - The tail-end trading session saw significant net inflows in the power equipment sector, with notable inflows from Aerospace Development and Baobian Electric [6][7]

Market Overview - The Shanghai Composite Index closed at 3919.98 points, up 0.07%, with a trading volume of 806.9 billion yuan [1] - The Shenzhen Component Index closed at 13368.99 points, up 0.27%, with a trading volume of 1092.987 billion yuan [1] - The ChiNext Index closed at 3205.01 points, up 0.41%, with a trading volume of 498.642 billion yuan [1] - The STAR Market 50 Index closed at 1340.02 points, up 0.36%, with a trading volume of 52.8 billion yuan [1] - The total trading volume of the Shanghai and Shenzhen markets was 1899.887 billion yuan, an increase of 37.904 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included construction materials, electric equipment, electronics, banks, and insurance [2] - Active concepts included fluorine chemicals, liquid cooling, organic silicon, composite flow batteries, and lithium mining [2] - Weak sectors included education, national defense, beauty care, retail, computing, automotive, real estate, and telecommunications [2] Individual Stock Performance - A total of 1479 stocks rose, while 3603 stocks fell, with 82 stocks remaining flat and 14 stocks suspended [2] - Among the stocks that hit the daily limit, 68 stocks rose to the limit, while 16 stocks fell to the limit [2] - Notable stocks with consecutive limit-ups included Victory Energy with 8 consecutive limit-ups, and several others with 5, 4, and 3 consecutive limit-ups [3] Capital Flow - The net outflow of main funds in the Shanghai and Shenzhen markets was 32.218 billion yuan, with the ChiNext seeing a net outflow of 8.934 billion yuan [4] - The electric equipment sector had the highest net inflow of main funds at 3.656 billion yuan, followed by chemicals and construction materials [4] - The defense industry saw the largest net outflow of main funds at 5.769 billion yuan, followed by electronics and telecommunications [4] Major Stocks with Fund Inflows - A total of 2141 stocks saw net inflows, with 78 stocks receiving over 1 billion yuan in net inflows [8] - The stock with the highest net inflow was Multi-Fluorine with 1.248 billion yuan, followed by Invech and CATL [8][9] Major Stocks with Fund Outflows - A total of 3016 stocks experienced net outflows, with 145 stocks seeing over 1 billion yuan in net outflows [11] - The stock with the highest net outflow was Shanzigaoke with 1.134 billion yuan, followed by Shanghai Hanxun and Lingyi Zhizao [11][12] Institutional Trading - Institutional investors had a net buy of approximately 528 million yuan, with Multi-Fluorine being the top net buy stock at about 210 million yuan [14] - The stocks with the highest net sell by institutions included Meie Technology and Xihua Technology [14]

北京市京师律师事务所矿产资源法律事务部主任曹旭升告诉记者，这是众多办证流程中的正常审批环节之一， 若想正常开采，后续还需办理 一系列申请、审查、备案、审批等手续。 据悉，枧下窝矿区是宜春地区重要的锂云母矿，采矿许可证8月9日到期后已暂停了开采作业，正按相关规定尽快办理采矿证延续申请。当 前，宁德时代已向江西省宜春市自然资源局提交了采矿权延续申请。 宁德时代宜春枧下窝锂矿复产又有新的进展！ 日前，江西省宜春招标网发布《江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目环境影响评价第一次环评信息公示》（下称《公示》），对 宜春时代新能源矿业有限公司的江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目进行第一次环评信息公示。 资料显示，宁德时代旗下宜春时代新能源矿业有限公司，拥有的宜丰县圳口里—奉新县枧下窝矿区陶瓷土（含锂）采矿权始于2022年8月9 日，于2025年8月9日到期。 在2022年旧《矿产资源法实施细则》下，锂云母矿未单独列名，常归类为"其他有色金属矿原矿"或"陶瓷土矿伴生资源"。枧下窝矿区以"陶 瓷土（含锂）"名称出让探矿权，开发时锂作为伴生矿，影响资源税计算。若按陶瓷土矿申报，税率仅3.25%-6.5%（低品 ...

今年 IPO 通道开始放宽，多家有实力的企业重新开启上市之路。 起点锂电获悉， 宁德时代供应商纳百川宣布今日在深交所创业板上市，公开发行 2791.74 万股，发行价格 22.63 元 ，上市首日开盘价 60 元。 纳百川自成立以来 一直深耕 热管理技术 2011 年 切入 动力电池热管理产品研发，逐步成长 为该赛道 TOP 级别企业， 核心产品电池液冷 板收入占比 约八成 ， 随着锂电池行业的爆发， 公司 也依靠锂电池行业实现 年复合增长率 18.17% ，相关的 研发费用 也逐渐提升。 纳百川是今年继宏工科技后第二家上市的宁德时代供应商， 起点锂电经过不完全统计，有以下宁德时代供应商在今年寻求资本协助。 宏工科技 面对如今火爆的储能行业， 公司 也 精准切入储能热管理 赛道，其 液冷方案成功进入宁德时代、阳光电源等企业供应链。 01 今年宁德时代多家供应商 IPO 更新 今年 4 月 17 日宏工科技登陆创业板，发行价 26.6 元 / 股，股份数量为 2000 万股，上市首日 以 72.20 元 / 股高开，涨幅 171.43% ， 公司 于 2022 年 6 月获受理， 2023 年 5 月 12 日 ...

Group 1: Innovation in Hydrogen Energy - Fujian has prioritized the development of the hydrogen energy industry, establishing innovation laboratories and conducting forward-looking research since 2019 [2][3] - Fuzhou University has made significant breakthroughs in hydrogen storage and transportation, creating a new low-temperature catalyst for ammonia decomposition, which represents a disruptive innovation in hydrogen storage methods [2] - The establishment of Fujian University Zijin Hydrogen Energy Technology Co., Ltd. marks the first major industrial innovation platform for "ammonia-hydrogen" energy in China, successfully developing the country's first ammonia-hydrogen fuel cell power station and a hydrogen fuel cell bus [2] Group 2: Support for Technological Innovation Platforms - Fujian supports the establishment of high-level technological innovation platforms led by private enterprises, addressing the shortage of such platforms and promoting deeper integration of industry and academia [4] - The provincial government offers a one-time reward of up to 10 million yuan for approved national-level technological innovation platforms, fostering continuous industry innovation [4] - The rapid development of new products by CATL, such as the world's first sodium battery and a 9MWh energy storage system, is attributed to the establishment of the CATL Innovation Laboratory in collaboration with the local government [5] Group 3: Development of the Biopharmaceutical Industry - Fujian has focused on the biopharmaceutical industry, recently launching the first domestically developed nine-valent HPV vaccine, significantly improving vaccine accessibility [6][7] - The establishment of the Xiang'an Innovation Laboratory aims to accelerate the transformation of biopharmaceutical innovations into practical applications, enhancing the success rate of technology transfer from early research to production [7] - The Fujian Provincial Science and Technology Department plans to optimize the organization of major technological innovations and strengthen the supply of high-quality technology to promote the transformation of scientific achievements into productive forces [7]

Core Viewpoint - The lithium battery sector has rebounded strongly after a two-month correction, with significant inflows of capital and a notable increase in stock prices, indicating a potential new upward trend for the industry [1][5]. Market Performance - As of December 23, the lithium battery concept index rose by 2.07%, with a net inflow of 5 billion in main capital, leading all sectors [1]. - The price of lithium carbonate futures surged by 5.96%, reaching 120,000 yuan/ton, marking a return to the high point seen in March 2024 [3]. Supply and Demand Dynamics - The recent price increase in lithium is attributed to a tight supply-demand balance, with domestic lithium carbonate production decreasing to a three-year low [7]. - In November 2025, domestic production of battery-grade lithium carbonate was approximately 66,000 tons, down 0.2% month-on-month, while imports of lithium carbonate fell by 7.6% [7]. - The demand for lithium remains robust, driven by the growth in the electric vehicle market, with November 2025 seeing production and sales of 1.88 million and 1.823 million units respectively, both up by over 20% year-on-year [7][8]. Price Trends and Industry Recovery - The price of battery-grade lithium carbonate has risen from 81,000 yuan/ton at the beginning of November to 92,000 yuan/ton by the end of the month, reflecting a monthly increase of 13.58% [5]. - The overall profitability of the lithium battery industry is recovering, with the net profit of 118 lithium battery concept stocks in the A-share market reaching 117.196 billion yuan in the first three quarters, a year-on-year increase of 26.97% [14]. Key Players and Financial Performance - Leading companies like Ganfeng Lithium reported a significant revenue increase of 44.1% year-on-year, with net profit soaring by 364.02% in the third quarter [15]. - Other companies such as Tianqi Lithium and Guoxuan High-Tech also reported substantial profit increases, indicating a positive trend across the sector [16]. Future Outlook - The global energy storage market is expected to see explosive growth, with predictions of lithium battery shipments reaching 580 GWh in 2025, a year-on-year increase of 65% [9]. - Major institutions are optimistic about the lithium battery sector, with forecasts suggesting a new upward cycle starting in 2026, driven by strong demand and favorable policies [18][19].

格隆汇12月22日线上举办"科技赋能·资本破局"分享会。备受瞩目的卓越公司评选榜单隆重揭晓。其 中，格隆汇"金格奖"年度卓越公司评选中，宁德时代(300750.SZ/03750.HK)荣获"年度A+H卓越企业 奖"奖项。 "年度A+H卓越企业奖"旨在表彰那些在A+H双平台运作中表现卓越的上市公司。获奖企业不仅在业务成 长、财务稳健与公司治理方面树立标杆，更在价值贯通力、战略引领力等维度展现杰出能力。 ...

截至12月23日收盘，固态电池概念上涨1.19%，位居概念板块涨幅第10，板块内，175股上涨，滨海能 源、多氟多、万润股份等涨停，宏源药业、华自科技、铜冠铜箔等涨幅居前，分别上涨15.12%、 12.80%、12.59%。跌幅居前的有ST福能、高乐股份、通鼎互联等，分别下跌17.01%、5.86%、5.76%。 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 002407 | 多氟多 | 10.02 | 16.22 | 124926.57 | 22.61 | | 002709 | 天赐材 料 | 9.37 | 12.37 | 99619.80 | 12.85 | | 300750 | 宁德时 代 | 1.68 | 0.55 | 86363.43 | 9.73 | | 002759 | 天际股 份 | 10.00 | 17.41 | 76351.69 | 23.95 | | 002466 | 天齐锂 业 | 3.45 | ...