证券之星消息，11月28日光伏设备板块较上一交易日上涨1.32%，微导纳米领涨。当日上证指数报收于 3888.6，上涨0.34%。深证成指报收于12984.08，上涨0.85%。光伏设备板块个股涨跌见下表： 从资金流向上来看，当日光伏设备板块主力资金净流入5.28亿元，游资资金净流出3.1亿元，散户资金净 流出2.19亿元。光伏设备板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300274 阳光电源 | | 3.33 Z | 3.55% | -1.65 Z | -1.76% | -1.68 Z | -1.79% | | 300827 | 上能电气 | 1.95 Z | 12.69% | -1562.22万 | -1.01% | -1.80 Z | -11.68% | | 600151 | 航天机电 | 1.77 Z | 24.94% | -1.02 Z | -14.36% | -7504. ...

11月28日，上能电气涨5.05%，截至发稿，报38.24元/股，成交8.91亿元，换手率6.20%，总市值192.81 亿元。 截至发稿，程彧累计任职时间9年21天，现任基金资产总规模2.58亿元，任职期间最佳基金回报 71.49%， 任职期间最差基金回报9.1%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，安联基金旗下1只基金重仓上能电气。安联中国精选混合A（021981）三季度持有股数21.98 万股，占基金净值比例为3.12%，位居第九大重仓股。根据测算，今日浮盈赚取约40.44万元。 安联中国精选混合A（021981）成立日期2024年9月3日，最新规模1.86亿。今年以来收益45.18%，同类 排名981/8127；近一年收益35.89%，同类排名1597/8059；成立以来收益71.6%。 安联中国精选混合A（021981）基金经理为程彧。 资料显示，上能电气股份有限公司位于江苏省无锡市惠山区和惠路6号，成立日期2012年 ...

Core Viewpoint - The company, Shangneng Electric (300827), primarily focuses on products such as photovoltaic inverters, bidirectional converters for energy storage, and power quality management solutions, while also providing integrated services for photovoltaic and energy storage systems [1] Group 1 - The main products of the company include photovoltaic inverters [1] - The company offers bidirectional converters for energy storage [1] - The company provides power quality management products [1] Group 2 - The company is involved in the integration of photovoltaic power generation systems [1] - The company also integrates energy storage systems [1]

资金流入方面，光伏ETF(159857)近18个交易日合计"吸金"1.90亿元。 【产品亮点】 截至2025年11月27日午间收盘，光伏ETF(159857)换手4.63%，成交1.14亿元。跟踪的中证光伏产业指数 (931151)一度涨超2%，冲击3连涨，成分股迈为股份(300751)上涨8.62%，上能电气(300827)上涨2.24%，美 畅股份(300861)上涨2.09%，正泰电器(601877)上涨2.00%，聚和材料(688503)上涨1.78%。 截至11月26日，光伏ETF(159857)近3月规模增长1.55亿元，实现显著增长。 截至2025/11/26，交易所数据显示，光伏ETF(159857)最新份额和规模分别为30.08亿份和24.19亿元，是目 前深市仅有的规模达20亿级的光伏主题ETF。 【相关产品】 光伏ETF(159857)，对应场外指数基金（A：011102；C：011103）。 【热点事件】 1、10月全国新增光伏装机容量环比暴涨30%！ 11月24日，国家能源局公布的最新数据显示，截至10月底，全国累计发电装机容量37.5亿千瓦，同比增长 17.3%。其中，太阳能发电装 ...

Core Viewpoint - The new energy storage market is experiencing strong demand, with over 230 GWh of storage orders disclosed by companies in November alone, driving rapid capacity expansion both domestically and internationally [1]. Domestic Market Developments - Domestic new energy storage companies are focusing on expanding production capacity for storage cells and PCS, as well as scaling up advanced storage technologies like sodium-ion batteries [2]. - The production capacity of storage PCS is expected to see a price increase of 10%-20% by the end of 2025, with delivery times extending to 2026 due to demand outpacing supply [5]. Company-Specific Updates - **Sungrow Power Supply Co., Ltd.**: Announced a fundraising plan to issue up to 107,866,570 A-shares, raising approximately 1.65 billion yuan, primarily for the production of 25 GW string inverters and 15 GW storage inverters [3][4]. - **Qingna Technology**: Signed a contract for a 20 GWh sodium-ion battery production project in Suining, with a total investment of 6 billion yuan, aiming to produce batteries for various applications [6][7]. - **Fluence Energy**: Plans to establish a battery storage system manufacturing base in India, aiming to produce key storage system components for both the Indian and broader Asia-Pacific markets [8][9]. - **NeoVolta**: Collaborated with Infinite Grid Capital to secure $13 million in private financing for a 2 GWh battery storage system manufacturing project in Georgia, expected to commence production in 2026 [10][11].

出品：新浪财经上市公司研究院 2022年6月，上能电气再次发行可转债，募资4.2亿，用于年产5GW储能变流器及储能系统集成建设项目，扩建研发中心，并再次补充流动资金。 然而，即便连续融资，上能电气的负债率仍超70%，长期高于阳光电源、锦浪科技、德业股份等可比公司。 值得注意的是，此次定增前后，上能电气部分主要产品的产能利用率将出现剧烈波动。 作者：昊 11月23日， 上能电气发布公告，公司向特定对象发行股票的注册申请获批。此次定增拟募资16.5亿，用于年产25GW组串式光伏逆变器 产业化建设项目和年产15GW储能 变流器产业化建设项 相比此前的方案，上能电气此次定增募资额从25.5亿下调至16.5亿，募投项目也有所缩减，但扩产后分布式组串、储能变流器等主要产品的产能利用率从536%和272%大幅降至50%以下，融资 同时，在IPO和可转债融资后，上能电气负债率仍长期高于可比公司，被市场质疑 "名为融资扩产，实则补充流动资金降负债"。 不仅如此，上能电气毛利率长期低于可比公司，叠加销售费用、财务费用、信用减值损失等拖累，今年前三季度增收不增利。 此外，公司存货跌价准备的计提比例却明显偏低，产品竞争力不足又激进扩 ...

Core Viewpoint - The company, Sungrow Power Supply Co., Ltd., has received approval for a private placement to raise 1.65 billion yuan, which will be used for the industrialization of photovoltaic inverters and energy storage converters, but the reduction in fundraising and project scope raises concerns about the rationality of the expansion plan [1][5][12]. Financial Performance - In the first three quarters of the year, the company reported a revenue of 3.565 billion yuan, a year-on-year increase of 16.15%, while the net profit attributable to shareholders was 311 million yuan, up 2.99%, indicating a significant slowdown in profit growth compared to revenue [13]. - The third quarter alone saw revenue of 1.38 billion yuan, with a year-on-year decline in net profit of 21.88% [13]. Debt and Financing Concerns - Despite multiple rounds of financing, the company's debt ratio remains above 70%, significantly higher than comparable companies, leading to skepticism about the true purpose of the fundraising efforts [2][8][12]. - The recent fundraising amount was reduced from 2.55 billion yuan to 1.65 billion yuan, a decrease of 35%, and the scope of the projects was also narrowed [5][12]. Production Capacity and Utilization - The company's production capacity utilization rates for distributed string inverters and energy storage converters are projected to drop dramatically from over 500% to below 50% after the expansion, indicating a potential oversupply situation [10][11]. - The planned capacity utilization rates for 2024 and the first half of 2025 are expected to be 370.53% and 536.55% for distributed string inverters, and 666.26% and 272.79% for energy storage converters, respectively [10]. Cost and Margin Issues - The company's gross margin is consistently lower than that of comparable firms, and rising sales and financial expenses, along with credit impairment losses, have negatively impacted profitability [3][15]. - The inventory impairment provision has been notably low, raising concerns about product competitiveness and the economic viability of the expansion projects [4][16].

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 《上能电气股份有限公司2023年度向特定对象发行股票募集说明书（注册稿》 《关于向特定对象发行股票申请获得中国证监会同意注册批复的公告》 截至2025年11月24日收盘，上能电气（300827）报收于37.58元，较前一交易日下跌0.66%，最新总市值 为189.48亿元。该股当日开盘38.16元，最高38.7元，最低37.0元，成交额达12.14亿元，换手率为 8.36%。 公司近日发布公告称，已收到中国证监会出具的《关于同意上能电气股份有限公司向特定对象发行股票 注册的批复》（证监许可〔2025〕2546号），核准公司向特定对象发行股票的注册申请。批复自同意注 册之日起12个月内有效。公司需严格按照报送深圳证券交易所的申报文件和发行方案实施发行，并在发 生重大事项时及时报告。董事会将根据批复要求及股东会授权，在规定期限内办理相关事宜并履行信息 披露义务。 最新公告列表 ...

一、同意你公司向特定对象发行股票的注册申请。二、你公司本次发行应严格按照报送深圳证券交易所 的申报文件和发行方案实施。三、本批复自同意注册日起12个月内有效。四、自同意注册日起至本次发 行结束前，你公司如发生重大事项，应及时报告深圳证券交易所并按有关规定处理。 格隆汇11月23日丨上能电气(300827.SZ)公告，上能电气股份有限公司(以下简称"公司")于近日收到中国 证券监督管理委员会(以下简称"中国证监会")出具的《关于同意上能电气股份有限公司向特定对象发行 股票注册的批复》(证监许可〔2025〕2546号)，批复的主要内容如下： ...

上能电气(300827)11月23日公告，公司于近日收到中国证监会批复，同意公司向特定对象发行股票的注 册申请。 ...