摘要 共同指向"下一轮需求曲线的信心程度"。 12月进入第二周，锂电产业链的节奏再次出现加速切换。 同时，行业媒体和机构在过去两个月的调研中已多次提到"储能电芯悄然涨价"： 在国内外需求叠加、"一芯难求"的背景下，主流厂商储能电芯价格环比上涨0.02–0.03元/Wh，部分企业甚至暂停接单，优先保障既有长单。 电池端开始"敢涨价"，而产业龙头在资本层面加了一道杠杆。 12月10日晚，宁德时代公告称，为满足生产经营和业务发展需求、优化债务结构、降低融资成本，公司拟注册发行不超过100亿元、期限不超过5年的公司 债，可一次或分次在银行间或交易所市场公开发行，由承销机构余额包销。 几乎同一时间，固态电池企业北京卫蓝新能源科技股份有限公司出现在证监会辅导备案名单中。 卫蓝已于12月10日正式启动首次公开发行股票并上市辅导，中信建投证券担任辅导机构。 三件事落在一条时间线上的含义，或许比各自单看更值得琢磨： 在一个可能重启的周期入口，锂电行业正在同时动用价格权、债务杠杆和股权融资三种工具，重新排布未来几年的筹码。 12月9日，苏州德加能源通过公告通知客户，自12月16日起，其电池系列产品售价将在现行目录价基础上统一上调 ...

（来源：淘金ETF） 【现象级爆发】数字翻倍的背后： A股正经历从"规模溢价"到"技术溢价"的底层重构 2025年，百元股阵营的"狂飙突进"无疑是最引人注目的风景线。从年初的70只激增至如今的150只，不 仅仅是一个数字的翻倍，更是一场深刻的市场生态重塑。电子、计算机、机械设备三大行业贡献了超六 成的百元股，中际旭创600元、北方华创450元、寒武纪挑战茅台。这种结构性的爆发，表面看是资金的 狂热追逐，实则是资本市场对"中国智造"核心资产的一次集体重估。股价的数字跳动，本质上是产业变 迁的晴雨表，当市场的定价锚从"规模溢价"转向"技术溢价"，百元股的扩容就是时代给出的必然答案。 【真伪之辨】飞沃科技的逆袭样本： 当政策春风转化为盈利夏雨，高估值才落地生根 这波行情究竟是价值重估的起点，还是短期炒作的虚火？飞沃科技的逆袭或许能提供最真实的感受。这 家企业凭借风电业务深度受益于沙漠、戈壁新能源基地建设，销量暴涨75%；更前瞻性地布局商业航 天，业务占比突破15%，上半年营收激增120%，成功实现从亏损到盈利的质变。这背后，是"十五 五"规划预期下，政策红利向实体业绩的实质性传导。半导体、AI、高端制造等领域的扶持 ...

摘要 共同指向"下一轮需求曲线的信心程度"。 12 月 进入第二周 ，锂电产业链 的节奏再次出现加速切换 。 12 月 9 日，苏州德加能源通过公告通知客户，自 12 月 16 日起，其电池系列产品售价将在现行目录价基础上统一上调 15% ， 12 月 15 日前确 认的订单仍按原价执行。 公司将调价原因直接归因于 " 锂电池原材料价格大幅上涨导致生产成本提高 " ，并表示会根据市场供需和成本变化动态优化价格体系。 同一天，软包电池企业孚能科技在互动平台回应投资者提问时表示，公司已建立价格联动机制， " 因部分原材料价格上涨，且市场需求持续扩大， 锂电池价格上涨是行业趋势，部分产品已实现涨价 " ，同时正在与客户积极沟通其他产品的提价。 同时， 行业媒体和机构在过去两个月的调研中已多次提到 " 储能电芯悄然涨价 " ： 在国内外需求叠加、 " 一芯难求 " 的背景下，主流厂商储能电芯价格环比上涨 0.02–0.03 元 /Wh ，部分企业甚至暂停接单，优先保障既有长 单。 电池端开始 " 敢涨价 " ， 而 产业龙头在资本层面加了一道杠杆。 12 月 10 日晚，宁德时代公告称，为满足生产经营和业务发展需求、 ...

Core Viewpoint - The 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will focus on the themes of "New Cycle, New Technology, New Ecology," aiming to summarize the past decade of the lithium battery industry and explore future development opportunities [1][4]. Event Background and Introduction - The Qidian Lithium Battery Industry Annual Conference is a significant event that has been held annually for nine consecutive years, gathering participants from the entire lithium battery supply chain, including materials, equipment, cells, and downstream applications [1]. - The 2025 event marks the 10th anniversary of both Qidian Lithium Battery and Qidian Research, providing a platform for in-depth discussions on new materials, processes, technologies, and industry ecology [1][4]. Event Details - **Event Name**: 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony - **Theme**: New Cycle, New Technology, New Ecology - **Date**: December 18-19, 2025 - **Location**: Venus Royal Hotel, Shenzhen [1][4]. Agenda Highlights - The conference will feature various sessions, including: - Keynote speeches on global lithium battery industry trends and new standards for cylindrical batteries [4][5]. - Discussions on innovations in battery technology and new materials [5][6]. - Roundtable dialogues addressing future market trends and technological advancements in energy storage [6][7]. Special Guests and Sponsors - Notable sponsors and speakers include companies such as CATL, BASF, and various other industry leaders, indicating strong industry support and participation [3][20]. - The event will also feature a special dinner to celebrate the 10th anniversary of Qidian Research, highlighting the importance of collaboration within the industry [7][14]. Award Ceremony - The Lithium Battery Golden Ding Award aims to recognize outstanding contributions to the lithium battery industry, promoting innovation and sustainable development [13][19].

Core Viewpoint - The recent price increase of lithium iron phosphate (LFP) materials is driven by multiple factors, including rising upstream raw material costs and the ongoing losses in the industry, prompting several LFP manufacturers to negotiate price hikes with downstream battery manufacturers [1][5]. Group 1: Price Increase Dynamics - Multiple LFP companies have proposed price increases to downstream battery manufacturers, with one company planning to raise processing fees by 3,000 yuan per ton starting January 1, 2026 [3]. - The cost structure of LFP batteries shows that cathode materials account for over 40% of the total cost, indicating that price hikes from LFP manufacturers could significantly impact downstream battery and new energy vehicle sectors [3][5]. - Some battery manufacturers, such as Funeng Technology, have acknowledged the trend of rising battery prices due to increased raw material costs and expanding market demand [3][5]. Group 2: Market Conditions and Trends - The price of LFP materials has seen a significant decline from 173,000 yuan per ton at the end of 2022 to 34,000 yuan per ton in August 2025, a drop of 80.2%, leading to over 36 months of continuous losses in the industry [5]. - As of December 10, 2023, the average market price for LFP batteries has stabilized at 41,000 yuan per ton for power-type, 37,800 yuan per ton for energy storage-type, and 25,400 yuan per ton for repair-type [5]. - The domestic power battery installation volume reached 578.0 GWh from January to October 2023, with LFP batteries accounting for 470.2 GWh, representing 81.3% of the total and a year-on-year growth of 59.7% [6]. Group 3: Industry Sentiment and Future Outlook - The rapid growth of the downstream new energy vehicle and energy storage markets has provided LFP manufacturers with confidence to pursue collective price increases [7]. - Many leading LFP companies have their orders booked through the first half of the next year, operating at near full capacity [7]. - The upcoming reduction in vehicle purchase tax for new energy vehicles is intensifying competition among car manufacturers for battery supply, further complicating the supply chain dynamics [9].

每日经济新闻：12月5日，记者来到位于江西宜春的万载时代新能源材料有限公司（简称万载时代），公司工作人员表示，原计划12月5日要举行的点火复产 仪式尚未能举行。万载时代是宁德时代（SZ300750）旗下公司，主营业务是生产、销售碳酸锂。原材料主要来自宜春时代新能源矿业公司（简称时代矿 业），上述工作人员表示，万载时代没有点火，则时代矿业枧下窝锂矿也没有复工。 作者：英大期货康天杰，从业资格号：F03096601；投资咨询从业证书号：Z0020247。 【投资有风险，入市需谨慎，观点仅供参考，不作为买卖依据】 碳酸锂连续两个交易日上涨，主力lc2605合约收盘于98880元/吨，涨幅3.97%；成交量744190手，较昨日全天成交量增加12.3万手；持仓量634283手，增仓 28830手。宁德时代枧下窝矿12月5日未能如期点火复产，动力电池和储能领域双轮驱动，供需紧平衡，价格重心逐渐上移。 据Mysteel，12月11日优质碳酸锂市场价格区间在94800-9500元/吨，行情较上一个工作上涨2100元；电池级碳酸锂市场价格区间在93600-95000元/吨，行情较 上一个工作日上涨2100元；工业级碳酸锂市场 ...

此次发行的债券期限不超过5年，具体发行期限将根据公司实际资金需求和发行时市场情况等最终确 定，可以是单一期限品种，也可以是多种期限品种的组合。债券将在全国银行间债券市场或交易所市场 公开发行且由承销机构以余额包销的方式承销，根据公司实际资金需求以及市场环境在注册额度和有效 期内可一次或分次择机发行。 宁德时代三季报显示，第三季度，公司实现营收1041.9亿元，同比增长12.9%；归母净利润185.5亿元， 同比增长41.21%。今年前三季度，公司实现营收2830.7亿元，同比增长9.28%；归母净利润为490.3亿 元，同比增长36.2%。 12月10日晚，宁德时代发布公告称，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，公司拟注册发行不超过100亿元（含100亿元）的债券。 图片来源：公司公告 募集资金用于项目建设等 公告显示，此次债券发行对象为全国银行间债券市场或交易所市场的投资者。募集资金主要用于项目建 设、补充营运资金、偿还有息负债等。 另外，宁德时代日前公告称，截至11月30日，公司已累计耗资约43.86亿元回购A股股份，完成此前披露 回购计划上限（80亿元）的54.82%。 加快 ...

Core Viewpoint - The price of lithium iron phosphate (LFP) is set to increase due to rising costs from upstream raw material suppliers and ongoing discussions between LFP manufacturers and downstream battery producers [1][3]. Group 1: Price Increase Dynamics - Multiple LFP companies have proposed price increases to downstream battery manufacturers, with one company planning to raise processing fees by 3,000 yuan per ton starting January 1, 2026 [3]. - The cost structure of LFP batteries shows that cathode materials account for over 40% of total costs, indicating that price hikes from LFP manufacturers will impact downstream battery and new energy vehicle sectors [3][5]. - Some battery manufacturers, such as Funeng Technology, have already begun to implement price increases due to rising raw material costs and expanding market demand [3][5]. Group 2: Market Trends and Performance - The price of LFP materials has seen a significant decline from 173,000 yuan per ton at the end of 2022 to 34,000 yuan per ton in August 2025, a drop of 80.2%, leading to over 36 months of continuous losses in the industry [5]. - As of December 10, 2023, the average market price for LFP batteries has stabilized at 41,000 yuan per ton for power-type, 37,800 yuan for energy storage-type, and 25,400 yuan for repair-type [5]. - The domestic power battery installation volume reached 578.0 GWh from January to October 2023, a year-on-year increase of 42.4%, with LFP batteries accounting for 470.2 GWh, or 81.3% of the total, marking a 59.7% year-on-year growth [6]. Group 3: Industry Confidence and Challenges - The rapid growth of the downstream new energy vehicle and energy storage markets has provided LFP manufacturers with confidence to pursue collective price increases [7]. - Many leading LFP companies have their orders booked through the first half of the following year, operating at near full capacity [7]. - The upcoming reduction in vehicle purchase tax for new energy vehicles is intensifying competition among car manufacturers for battery supply, leading to challenges in ensuring supply and delivery for battery manufacturers and vehicle producers [9].

Group 1 - The Hong Kong IPO market has raised funds amounting to 2.1 times the total for the entire year of 2024, with expectations for the Hong Kong Stock Exchange to regain the top position in IPO financing by 2025, projecting over HKD 300 billion in IPO fundraising for next year [1] - The trading volume of placement and convertible bond products has significantly increased year-on-year, with major blue-chip companies such as BYD, Xiaomi, Alibaba, China Pacific Insurance, Ping An Insurance, Chow Tai Fook Jewelry, and NIO completing large-scale transactions exceeding USD 1 billion [1] Group 2 - The primary market for Hong Kong stocks is showing a strong recovery, with influential companies actively responding to the national strategy to develop Hong Kong's capital market, leading to the execution of large-scale financing projects [2] - CATL's IPO raised USD 5.3 billion, becoming the largest IPO globally in 2023, and has facilitated other leading companies like Zijin Mining, Sany Heavy Industry, Seres, Hansoh Pharmaceutical, Sanhua Intelligent Controls, Haitian Flavoring and Food, and Chery Automobile to complete financing exceeding USD 1 billion, occupying four spots in the global top ten IPOs [2]

一、简介 中国质量认证中心（CQC）成立于1984年，是经中央机构编制委员会批准，由市场监管总局设立、国 务院国资委直属的国家级认证机构，现为国内规模最大、服务网络最广的综合性质量服务机构，拥有11 个产品认证分中心和36个管理体系认证分支机构，业务覆盖全球60余国。作为首批国家认监委指定强制 性产品认证机构，CQC在新能源领域主导研制国家标准52项、国际标准11项，建成光伏、储能等国家 级检测重点实验室19个。2018年，CQC获国际电工委员会电工产品互认体系（IECEECB）认可，颁发 证书占全球市场25%，是国内唯一同时具备IECRE（可再生能源）、IECEx（防爆）国际互认资质的机 构。 转自：中国质量报 中国质量认证中心有限公司—— 构网型技术标准助力光伏名企提升质量管理水平打开国际市场 三是降低企业海外合规成本。CQC编制《构网型储能出海合规工具包》，整合国际标准条款、欧盟CE 认证流程、各国海关编码等12类要素，搭建在线数据库，企业输入目标市场即可自动生成定制化合规路 径，平均缩短认证周期40%。阳光电源通过该工具包，从获取CQC认证到签约英国Fidra Energy项目仅 用时11天，较行业平 ...