智通财经APP获悉，华安证券发布研报称，美国储能装机稳步增长，2025年有望实现52.5GWh装机。储 能是在美国电网速度慢、容量紧的前提下，少数能在1-3年时间尺度内大规模部署、既能提升数据中心 供电可靠性，又能改善电网整体韧性和经济性的核心技术路径，预计储能将成为2030年之前美国数据中 心缺电的核心解法之一。未来5年将是本轮数据中心扩张核心窗口期，数据中心缺电逻辑将持续演绎。 华安证券主要观点如下： 美国储能现状分析 美国储能装机稳步增长，2025年有望实现52.5GWh装机。美国25年1-11月实现新增大储装机 36.23GWh，除德州加州基本盘外，亚利桑那等新兴州贡献增量。 真正卡的是5年以上的并网排队+输电建设，而不是美国整体发电能力不足。能绕开大并网队列、接在 配电网或BTM的方案，才是真正有速度价值的解决方案。储能在速度+成本+战略灵活性三个维度上均 具备比较优势。 预计数据中心缺电将刺激美国2027年储能装机超110GWh。未来5年将是本轮数据中心扩张核心窗口 期，数据中心缺电逻辑将持续演绎。在所有可行方案中，储能是少数能同时满足经济性+建设快+灵活 性高+有助于24/7 绿电的技术路径，北 ...

Group 1 - GuoXia Technology (02655) saw its stock price increase by 3.97%, reaching HKD 57.60, with a trading volume of HKD 23.72 million [1][5] - A strategic cooperation agreement was signed between ShangNeng Electric and GuoXia Technology, focusing on enhancing collaboration in the energy storage sector for market expansion and project promotion [1][5] - The Hong Kong Stock Connect is set for a new round of adjustments, with results expected to be announced on February 20 and effective from March 9, with GuoXia Technology likely to be included in the list of eligible stocks [1][5]

消息面上，近日，上能电气（300827）与果下科技在上能电气总部签署战略合作协议。根据协议，双方 在过往合作的基础上进一步发挥各自优势，围绕储能领域在市场开拓与项目推广方面深化合作，共同提 升全球范围内的品牌影响力，助推全球能源结构向更绿色、可持续方向转型。 果下科技(02655)早盘涨超4%，截至发稿，涨4.24%，报57.75港元，成交额1653.54万港元。 值得注意的是，港股通标的名单即将迎来新一轮调整。本次调整结果预计将于2月20日公布，自3月9日 起正式生效。兴业证券发布研报称，预计这次调整中将有48只港股被纳入港股通标的范围。其中，果下 科技有望进入港股通名单。 ...

值得注意的是，港股通标的名单即将迎来新一轮调整。本次调整结果预计将于2月20日公布，自3月9日 起正式生效。兴业证券发布研报称，预计这次调整中将有48只港股被纳入港股通标的范围。其中，果下 科技有望进入港股通名单。 智通财经APP获悉，果下科技(02655)早盘涨超4%，截至发稿，涨4.24%，报57.75港元，成交额1653.54 万港元。 消息面上，近日，上能电气与果下科技在上能电气总部签署战略合作协议。根据协议，双方在过往合作 的基础上进一步发挥各自优势，围绕储能领域在市场开拓与项目推广方面深化合作，共同提升全球范围 内的品牌影响力，助推全球能源结构向更绿色、可持续方向转型。 ...

Group 1 - On January 21, a total of 4 companies in the A-share market announced plans related to private placements, with 2 companies disclosing new private placement proposals and 2 companies having their proposals approved by the exchange [1] - The highest proposed fundraising amounts from the newly disclosed private placement plans are from Jinma Amusement and Jincai Internet, with proposed amounts not exceeding 1.053 billion yuan and 570 million yuan, respectively [1] - Since the beginning of the year, 9 companies have announced completed private placement plans, with 4 companies raising over 1 billion yuan. Specifically, the highest fundraising amounts were from Shanggong Electric, Shensangda A, and Taisheng Wind Energy, raising 1.649 billion yuan, 1.2 billion yuan, and 1.176 billion yuan, respectively [1]

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

上能电气（300827.SZ）2024年营业收入为47.73亿元，营业收入增长率为-3.23%，归属母公司净利润为 4.19亿元，归属母公司净利润增长率为46.49%，净资产收益率为21.45%。 2025年上半年公司营业收入为21.84亿元，营业收入增长率为13.42%，归属母公司净利润为2.01亿元， 归属母公司净利润增长率为24.78%。 目前公司属于工业行业，主要产品类型为变电设备，2024年报主营构成为光伏逆变器:57.62%;储能双向 变流器及储能系统集成产品:40.4%;备件及技术服务:0.94%;电能质量治理产品:0.92%;其他业务:0.13%。 同壁财经讯，企查查数据显示，根据《炉霍20MW光伏电站逆变器技术升级改造项目中标结果公示》， 上能电气股份有限公司于2026年1月16日公告中标北京京能国际控股有限公司采购项目，中标金额为 240.16万元。 同壁财经讯，企查查数据显示，根据《炉霍20MW光伏电站逆变器技术升级改造项目中标结果公示》， 上能电气股份有限公司于2026年1月16日公告中标北京京能国际控股有限公司采购项目，中标金额为 240.16万元。 相关上市公司：上能电气(3008 ...

Core Viewpoint - The successful commissioning of the 100MW/200MWh Nalang Energy Storage Power Station marks a significant milestone for the region, enhancing grid flexibility and establishing a reliable profit mechanism through innovative frequency regulation services [2]. Group 1: Project Overview - The Nalang Energy Storage Power Station is the first large-scale independent energy storage project connected to the grid in Zhongshan City, contributing to the regional grid's flexibility [2]. - The project is invested and constructed by Shenan Electric Xiwai Energy (Zhongshan) Co., Ltd., with core equipment provided by the company, featuring a 1250kW centralized energy storage PCS [3]. Group 2: Technical Advantages - The energy storage PCS utilizes the second-generation enhanced hybrid grid technology and incorporates leading global IGBT drive technology and intelligent control algorithms, demonstrating significant advantages in response rate, command delay, and control precision [3]. - The energy storage system has achieved a maximum adjustment rate of 50Pn/s, with a response time of less than 5ms and an adjustment accuracy error of no more than 0.5%, significantly improving the stability and reliability of electricity supply for households [5]. Group 3: Industry Engagement - The company has confirmed its participation in the 14th International Energy Storage Summit and Exhibition (ESIE 2026), inviting industry peers to join this global energy storage event [6]. - The event is scheduled to take place from March 31 to April 3, 2026, at the Capital International Exhibition Center in Beijing [7].

兴业证券股份有限公司 关于 上能电气股份有限公司 2023 年度向特定对象发行股票 之 上市保荐书 保荐机构（主承销商） （福州市湖东路 268 号） 在本上市保荐书中，除上下文另有所指，释义与《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》相同。 1 二零二六年一月 上能电气股份有限公司 上市保荐书 保荐机构及保荐代表人声明 兴业证券股份有限公司（以下简称"兴业证券"、"保荐人"或"保荐机 构"）及其保荐代表人已根据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）等法律法规和中国证监会及 深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规 则和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 | 保荐机构及保荐代表人声明 1 | | --- | | 目 录 2 | | 一、发行人基本情况 3 | | 二、发行人本次发行情况 10 | | 三、本次证券发行上市的保荐代表人、协办人及项目组其他成员情况 14 | | 四、保荐机构与发行人关联关系的说明 15 | | 五、保荐机构承诺事项 16 | | 六、保荐机 ...

证券代码：300827 证券简称：上能电气 公告编号：2026-003 3、本次权益变动不会导致公司控股股东、实际控制人发生变化。 公司控股股东、实际控制人吴强先生认购本次发行的 1,587,301 股，导致控 股股东、实际控制人吴强及其一致行动人朔弘投资合计持有的公司股份数量增加 至 145,200,069 股。本次权益变动后，公司控股股东、实际控制人吴强及其一致 行动人朔弘投资合计持股比例由 29.1166%降至 26.0827%（剔除公司回购专用账 户股份数量后,持股比例由 29.1166%被动稀释至 26.2111%），触及 1%的整数倍。 具体权益变动情况如下： 上能电气股份有限公司 关于控股股东、实际控制人及其一致行动人持股比例 被动稀释触及 1%整数倍的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次权益变动系上能电气股份有限公司（以下简称"公司"）控股股东、 实际控制人吴强先生认购公司 2023 年度向特定对象发行股票（以下简称"本次 发行"），导致其持有公司股份数量增加，但鉴于公司总股本因可转债转股、2022 年度限 ...