| 成交量 （万 | 成交金额 | 成交价 格 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | （万元） | （元） | 折溢价（%） | | | | 19.72 | 6213.38 | 315.08 | -19.58 | 招商证券股份有限公司成 都人民南路证券营业部 | 招商证券股份有限公司成 都人民中路证券营业部 | | 5.84 | 2289.68 | 391.80 | 0.00 | 机构专用 | 机构专用 | | 2.43 | 950.90 | 391.80 | 0.00 | 机构专用 | 机构专用 | | 0.68 | 266.03 | 391.80 | 0.00 | 机构专用 | 机构专用 | 宁德时代12月12日大宗交易平台共发生4笔成交，合计成交量28.67万股，成交金额9719.99万元。以折溢 价进行统计，今日有1笔为折价交易，折价率最高达19.58%。从参与大宗交易营业部来看，机构专用席 位共出现在3笔成交的买方或卖方营业部中，合计成交金额为3506.61万元。 （文章来源：证券时报网） 进一 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 文丨惠凯 公开信息显示，宁德时代近几年负债率持续下降。Wind显示，宁德时代2021年末资产负债率为69.9%， 至2024年末时已降至65.24%，今年9月末的最新资产负债率为61.27%。资产负债率的持续下降，为宁德 时代的发债融资提供了空间。 编辑丨承承 近年来，宁德时代大额融资不断，通过港股IPO和发行债券等多种方式加快现金储备和偿还债务等，账 面货币资金持续走高，用于购买理财的额度高达800亿元。 港股IPO半年后 宁德时代计划发债100亿元 12月10日，宁德时代（300750.SZ）公告称，拟注册发行不超过人民币100亿元的债券，用于项目建设、 补充营运资金、偿还有息负债等。债券期限不超过5年（含5年）。公司董事会还提请股东会授权总经理 等全权办理本次债券发行的工作事宜。这是公司今年港股IPO募资356.6亿港元以来，在融资方面的又一 重大举措。 联合资信在今年4月底发布的2025年度跟踪评级报告中指出，宁德时代"在建项目尚需投资规模大，存在 一定的资本支出需求和产能消化风险"，截至2024年底，宁德时代在建项目计划总投资 ...

Overview - The report highlights that the energy storage lithium battery industry is entering a new profit cycle, driven by strong demand and improved supply dynamics [1][17]. Energy Storage - The energy storage sector is experiencing a global high prosperity, with significant policy and market support leading to rapid development [5][19]. - As of September 2025, China's wind and solar power accounted for 46% of installed power capacity, while new energy storage only represented 3% and 6% of total installed capacity and new energy capacity, respectively, indicating substantial growth potential [5][28]. - The exit of mandatory storage policies has allowed independent storage to emerge as a profitable asset, with improved pricing mechanisms and market conditions [5][36]. - Domestic energy storage projects have seen a significant increase, with new installations reaching 43.7 GW in 2024, a year-on-year growth of 103% [20][24]. Lithium Batteries - The lithium battery sector is benefiting from the growth in energy storage demand, with the industry moving out of a price decline cycle and entering a phase of volume and profit recovery [15][17]. - The demand for energy storage batteries is rising, and the sales of power batteries remain robust, contributing to a healthy growth outlook [15][17]. - The supply side is improving, with many companies still operating at a loss or minimal profit, leading to a strong desire to increase prices amid high demand [5][15]. Solid-State Batteries - Solid-state batteries are seen as a key technology to overcome the performance limitations of lithium batteries, with ongoing industrialization efforts supported by policy and market participants [5][17]. - The demand for solid-state batteries is expected to grow in applications requiring high energy density and safety, such as low-altitude flying vehicles and humanoid robots [5][17]. - Key materials and equipment for solid-state battery production are making progress, with significant technological barriers that favor advanced participants in the industry [5][17]. Investment Recommendations - The report maintains a "stronger than market" rating for the energy storage and lithium battery sectors, recommending investments in leading companies such as Sungrow Power Supply, Haimo Technologies, and CATL [8][12]. - The solid-state battery sector is also highlighted for its growth potential, with recommendations to focus on companies involved in key materials and equipment [8][12].

每经AI快讯，宁德时代(03750.HK)高开近3%，截至发稿，涨2.95%，报523港元，成交额6274.48万港 元。 ...

Core Points - The article discusses the performance of the Chuangye 50 ETF (159682) as of December 12, noting a 0.48% increase, with a trading volume of 203 million yuan [1] - The article highlights the performance of key stocks within the ETF, including declines in stocks like Ningde Times and Sunshine Power, while others like Xinyisheng and Shenghong Technology saw gains [1] - The Chuangye 50 ETF has a performance benchmark of the ChiNext 50 Index, managed by Invesco Great Wall Fund Management, with a return of 46.75% since its inception on December 23, 2022, and a 2.02% return over the past month [1] Stock Performance - As of the midday close, Ningde Times decreased by 0.24%, while Xinyisheng increased by 2.63% [1] - Other notable stock performances include a 1.98% increase for Shenghong Technology and a 0.57% increase for Dongfang Caifu [1] - The ETF's performance reflects mixed results among its top holdings, indicating varying market conditions for these companies [1] Fund Management - The Chuangye 50 ETF is managed by Invesco Great Wall Fund Management, with fund managers Wang Yang and Zhang Xiaonan [1] - The fund's performance since inception and recent monthly returns suggest a strong management strategy, contributing to its overall growth [1]

值得关注的是，近日，宁德时代生态企业峰飞航空科技正式发布全球首个"海空一体低空经济解决方 案"，以"零碳水上机场+eVTOL航空器"的创新组合，首次将低空基础设施延伸至广阔水域，实现基础设 施与应用场景的跨越式突破。此次发布的"海空一体低空经济解决方案"，由"零碳水上机场 + eVTOL航 空器"协同构成。还配备光储充能源保障及智能调度系统。 消息面上，12月10日，宁德时代发布公告，为满足公司生产经营和业务发展需求，优化债务结构，降低 融资成本，董事会同意公司注册发行不超过人民币100亿元(含100亿元)的债券，并提请股东会授权公司 总经理或其授权人士负责全权办理与本次债券注册发行工作的相关事宜。 宁德时代(03750)高开近3%，截至发稿，涨2.95%，报523港元，成交额6274.48万港元。 智通财经APP获悉，宁德时代(03750)高开近3%，截至发稿，涨2.95%，报523港元，成交额6274.48万港 元。 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **Global Energy Storage** industry, focusing on developments in battery technology and electric vehicle (EV) markets across various regions including Europe, China, and North America [1][4]. Key Insights and Arguments Europe - **UK EV Sales**: In November, the UK registered 39,965 new battery electric vehicles (BEVs), marking a growth of 3.6% and a market share of 26.4%, which is 1.5% higher than the previous year. However, this growth is the weakest in two years, with overall registrations falling by 1.6% to 151,154 units due to a 5.5% drop in private demand [2][2]. - **Electrified Vehicles**: Electrified vehicles (including PHEVs and HEVs) now account for 51.4% of registrations, indicating a shift away from petrol and diesel cars [2][2]. China - **Energy Storage Tenders**: In November, China completed tenders for 10GW/29.7GWh energy storage systems, with independent storage projects making up nearly 90%. Inner Mongolia led demand, accounting for nearly 30% of orders [3][3]. - **CATL Developments**: CATL has begun large-scale shipments of next-generation 587-Ah high-capacity battery cells, achieving 2 GWh in shipments and expected to reach 3 GWh this year. The production line reduces costs by 42% and has an energy density of 434 Wh/L, improving performance by 10% over previous models [3][3]. - **LFP Cathode Price Increases**: Chinese lithium iron phosphate (LFP) cathode producers are raising prices due to tightening supply, with processing fee hikes of RMB 3,000 ($420) per ton expected between November 2025 and January 2026 [3][3]. North America - **LG Energy Solution Expansion**: LG Energy Solution is increasing its North American energy storage system (ESS) battery production target to 50 GWh by 2026, up from 30 GWh, with 80% of production to be made and sold locally [5][5]. - **Canadian Solar Reshoring**: Canadian Solar plans to shift manufacturing to North America, acquiring 75.1% of three overseas factories to ensure compliance with U.S. tariffs and restrictions, aiming to secure U.S. market access [5][5]. Additional Important Information - **Environmental Initiatives**: CATL's new factory in Hungary aims to cut emissions by 43% and reduce water and energy use by one-third, with plans to switch to treated wastewater for operations [5][5]. - **Market Dynamics**: The energy storage market is experiencing significant growth driven by demand for renewable energy and data centers, with projections indicating that ESS battery demand may surpass that of electric vehicles [10][10]. - **Price Performance of Key Commodities**: Lithium carbonate (LiCO) spot prices are at $12,940 per tonne, while lithium hydroxide (LiOH) spot prices are at $11,455 per tonne, reflecting the ongoing volatility in the market [6][6]. Conclusion The conference call highlights the evolving landscape of the energy storage and EV markets, with significant developments in technology, production capacity, and market dynamics across key regions. The insights provided indicate both opportunities and challenges for companies operating within this sector, particularly in relation to pricing pressures and regulatory environments.

消息面上，12月10日，宁德时代发布公告，为满足公司生产经营和业务发展需求，优化债务结构，降低 融资成本，董事会同意公司注册发行不超过人民币100亿元(含100亿元)的债券，并提请股东会授权公司 总经理或其授权人士负责全权办理与本次债券注册发行工作的相关事宜。 值得关注的是，近日，宁德时代生态企业峰飞航空科技正式发布全球首个"海空一体低空经济解决方 案"，以"零碳水上机场+eVTOL航空器"的创新组合，首次将低空基础设施延伸至广阔水域，实现基础设 施与应用场景的跨越式突破。此次发布的"海空一体低空经济解决方案"，由"零碳水上机场 + eVTOL航 空器"协同构成。还配备光储充能源保障及智能调度系统。 智通财经APP获悉，宁德时代(03750)高开近3%，截至发稿，涨2.95%，报523港元，成交额6274.48万港 元。 ...

恒生指数高开0.9%，恒生科技指数涨1.02%。盘面上，黄金等有色金属股高开，招金矿业涨约2%，紫金 矿业涨超3%；锂电池板块活跃，宁德时代涨近3%，赣锋锂业涨超2%。 本文转载自"腾讯自选股"，智通财经编辑：徐文强。 关于港股后市 光大证券认为，与往年牛市相比，当前指数仍然有相当大的上涨空间，但是在国家对于"慢牛"的政策指 引之下，牛市持续的时间或许要比涨幅更加重要。不过短期来看，市场可能缺乏强力催化，叠加年末部 分投资者在行为上可能趋于稳健，股市短期或以震荡蓄势为主。 国信证券表示，港股短期调整为2026年市场上涨打开空间。从资金面上看，11月南向资金净流入港股市 场超1100亿元人民币。今年南向资金在港股下跌时依然逆向加仓，这既体现了内地资金的充裕流动性， 也彰显了其低位布局港股的强烈意愿。该机构预测，港股2026年有望在30000-32000点之间运行。 中信证券认为，2026年港股将迎来第二轮估值修复，第二轮估值修复的核心逻辑，在于内外因素的共振 发力。对于2026年港股配置，需紧扣"业绩确定性+估值弹性"主线，在科技、医药、资源品与必选消费 四大赛道中寻找机会。 ...

宁德时代（300750）(03750)高开近3%，截至发稿，涨2.95%，报523港元，成交额6274.48万港元。 消息面上，12月10日，宁德时代发布公告，为满足公司生产经营和业务发展需求，优化债务结构，降低 融资成本，董事会同意公司注册发行不超过人民币100亿元(含100亿元)的债券，并提请股东会授权公司 总经理或其授权人士负责全权办理与本次债券注册发行工作的相关事宜。 值得关注的是，近日，宁德时代生态企业峰飞航空科技正式发布全球首个"海空一体低空经济解决方 案"，以"零碳水上机场+eVTOL航空器"的创新组合，首次将低空基础设施延伸至广阔水域，实现基础设 施与应用场景的跨越式突破。此次发布的"海空一体低空经济解决方案"，由"零碳水上机场+eVTOL航空 器"协同构成。还配备光储充能源保障及智能调度系统。 ...