国泰海通证券股份有限公司 关于深圳市首航新能源股份有限公司 首次公开发行部分限售股上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为深圳 市首航新能源股份有限公司（以下简称"首航新能"或"公司"）首次公开发行股票 并在创业板上市及持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自律监管指 引第 13 号——保荐业务》等法律法规的相关规定，对首航新能首次公开发行部 分限售股上市流通事项进行了核查，核查情况及核查意见如下： 一、本次上市流通的限售股类型 中国证券监督管理委员会于 2025 年 2 月 11 日出具《关于同意深圳市首航 新能源股份有限公司首次公开发行股票注册的批复》（证监许可〔2025〕273 号）， 同意公司首次公开发行股票的注册申请。深圳市首航新能源股份有限公司首次向 社会公开发行人民币普通股（A 股）4,123.7114 万股，并于 2025 年 4 月 2 日在 深圳证券交易所创业板上市交易，发行完成后总股本为 ...

证券代码：301658 证券简称：首航新能 公告编号：2026-003 深圳市首航新能源股份有限公司 关于首次公开发行前已发行股份上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次上市流通的限售股份为深圳市首航新能源股份有限公司（以下简称 "公司"、"首航新能"）首次公开发行前已发行股份。 2、本次解除限售的股东户数共计 17 户，解除限售的股份数量合计为 56,179,567 股，占公司总股本的 13.62%，限售期为自公司股票首次公开发行并 在深圳证券交易所上市之日起 12 个月。 3、本次解除限售股份上市流通日期为 2026 年 4 月 2 日（星期四）。 二、申请解除股份限售股东履行承诺情况 本次申请解除限售的股东在公司《首次公开发行股票并在创业板上市招股说 明书》和《首次公开发行股票并在创业板上市之上市公告书》中就其所持股份的 流通限制及自愿锁定作出一致的承诺: | 承诺方 | 承诺内容 | | --- | --- | | 深圳市创新投资集团有限公司、吉林省长久 实业集团有限公司、宁波梅山保税港区问鼎 | 自取 ...

证券代码：301658 证券简称：首航新能 公告编号：2026-002 深圳市首航新能源股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的具体情况 深圳市首航新能源股份有限公司（以下简称"公司"）股票交易连续 3 个交 易日内（2026 年 3 月 19 日、2026 年 3 月 20 日、2026 年 3 月 23 日）日收盘价 格涨幅偏离值累计达到 32.50%（超过 30%），根据《深圳证券交易所交易规则》 的有关规定，属于股票交易异常波动的情形。 1、公司未发现前期披露的信息存在需要更正、补充之处。 2、公司未发现近期公共媒体报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息。 3、公司目前的经营情况正常，近期公司经营情况及内外部经营环境未发生 重大变化。 4、经核查，公司、控股股东和实际控制人不存在关于公司的应披露而未披 露的重大事项，或处于筹划阶段的重大事项。 5、经核查，公司控股股东、实际控制人在股票交易异常波动期间不存在买 卖公司股票的情形。 6、公司不存在违反公平信息披露 ...

Market Overview - The photovoltaic and optical communication sectors experienced a significant rise, contributing to a rebound in the A-share market, with the ChiNext Index surging by 3.3% [2] - As of the morning close, the Shanghai Composite Index rose by 0.16%, the Shenzhen Component Index increased by 1.57%, and the Sci-Tech Innovation Index gained 0.78% [2][3] Optical Communication Sector - The optical communication industry chain saw a strong performance, with stocks like Yuanjie Technology hitting a peak increase of 20%, closing up 19.83% at 1138.42 yuan, marking a cumulative rise of over 1100% since April 9, 2025 [3][5] - Major players in the optical module sector, including Zhongji Xuchuang, Tianfu Communication, and Xinyi Sheng, also showed robust growth, reflecting a market consensus shift following the OFC (Optical Fiber Communication Conference) [5][6] - Analysts noted that the optical communication industry is transitioning from "cyclical fluctuations" to a "main rising channel driven by AI computing power demand," with significant changes in supply and demand dynamics compared to previous cycles [5][6] Investment Opportunities in Optical Communication - The investment approach in the optical communication sector is evolving, focusing on new technologies such as CPO, NPO, and OCS, which are on the verge of explosive growth, presenting historical opportunities [6] - The demand for optical modules is expected to surge due to AI advancements, with a shift from 400G to 800G and rapid progression towards 1.6T, indicating a strong market for high-end specifications [6] Photovoltaic Equipment Sector - The photovoltaic equipment sector experienced a notable increase, with companies like Shangneng Electric, Shouhang New Energy, and Airo Energy seeing significant stock price rises [8][9] - The photovoltaic equipment index rose by 5.14%, with key stocks achieving substantial gains, such as Shangneng Electric up by 20.01% and Shouhang New Energy also hitting a 20% increase [9] Tesla's Solar Initiative - Tesla plans to procure $2.9 billion worth of solar panels and battery manufacturing equipment from Chinese suppliers to achieve a target of 100 GW of solar capacity in the U.S. by the end of 2028 [10] - The ongoing power shortages in North America are expected to drive demand for solar products, potentially leading to a revaluation of related domestic materials and equipment companies [10]

Investment Rating - The industry is rated as "Outperform" compared to the market [2][34]. Core Insights - In March 2026, the production of photovoltaic (PV) modules is expected to increase significantly, with overall production reaching 44-45 GW, a month-on-month increase of approximately 28-29%. Domestic production is projected to be 32-33 GW, while overseas production is expected to rise to 11-12 GW [2]. - The lithium battery production in China is forecasted to reach 219 GWh in March 2026, reflecting a month-on-month increase of 16.5%, indicating a strong recovery in industry capacity [2]. - The prices of polysilicon and silicon wafers have shown a downward trend, with polysilicon prices at 46.50 CNY/kg and N-type silicon wafers at 105 CNY/piece as of March 11, 2026 [2][8]. - The average bidding price for lithium iron phosphate battery energy storage systems has increased by 1.62% month-on-month and 11.69% year-on-year, indicating rising cost pressures in the supply chain [2]. Summary by Sections Production - The production of PV modules is expected to rise significantly in March 2026, with domestic and overseas markets showing varied performance [2][5]. Prices - Polysilicon prices have decreased slightly, while the prices of various PV components have shown mixed trends, with some remaining stable and others declining [2][8]. Domestic Demand - In December 2025, the domestic PV installation capacity reached 40.11 GW, a year-on-year increase of 82.15%, despite a month-on-month decline of 43.40% [2][21]. Overseas Demand - In December 2025, the export value of PV modules was approximately 2.314 billion USD, reflecting a year-on-year growth of 18.22%. The inverter export value also increased significantly, indicating strong overseas demand [2][27].

证券代码：301658 证券简称：首航新能 公告编号：2026-001 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的具体情况 深圳市首航新能源股份有限公司（以下简称"公司"）股票交易连续 2 个交 易日内（2026 年 3 月 11 日、2026 年 3 月 12 日）日收盘价格涨幅偏离值累计达 到 39.40%（超过 30%），根据《深圳证券交易所交易规则》的有关规定，属于股 票交易异常波动的情形。 二、公司关注及核实情况的说明 针对公司股票交易异常波动的情况，公司董事会对公司、控股股东及实际控 制人就相关问题进行了核实，现将有关情况说明如下： 1、公司未发现前期披露的信息存在需要更正、补充之处。 2、公司未发现近期公共媒体报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息。 3、公司目前的经营情况正常，近期公司经营情况及内外部经营环境未发生 重大变化。 4、经核查，公司、控股股东和实际控制人不存在关于公司的应披露而未披 露的重大事项，或处于筹划阶段的重大事项。 深圳市首航新能源股份有限公司 6 ...

Core Viewpoint - The new energy storage sector has gained significant traction in the capital market, with major stocks like Ningde Times and Sunshine Power leading the surge, indicating strong investor interest and potential growth in this industry [1][3]. Market Performance - On March 11, A-share sectors related to new energy, including photovoltaic inverters, storage, and battery stocks, experienced a collective surge, with Ningde Times' market capitalization surpassing 1.8 trillion yuan [1]. - Key stocks such as First航新能, 德业股份, and 正泰电源 hit their daily limit, while other concept stocks like 海博思创 and 艾罗能源 saw gains exceeding 10% [3]. Policy Support - The 2026 government work report emphasized the development of a new power system, accelerating smart grid construction, and expanding green electricity applications, marking the second consecutive year that new energy storage has been highlighted in policy [3]. - The National Development and Reform Commission identified new energy storage as one of six emerging pillar industries, with an estimated output value of nearly 6 trillion yuan by 2025, potentially doubling to over 10 trillion yuan by 2030 [3]. Market Trends - In February, the average procurement price for energy storage rose, indicating a recovery in the industry. A total of 52.7 GWh of orders were completed, with the average price for large-scale procurement exceeding 0.5 yuan/Wh, reflecting a 10% to 18% increase compared to December [4][5]. - The average price for battery cell procurement also increased by 10.3% from December 2025, reaching 0.344 yuan/Wh [5]. Company Performance - Ningde Times reported a record high capacity utilization rate of 96.89% for 2025, with a total capacity of 772 GWh and production of 748 GWh, indicating strong demand in the lithium battery market [5]. - The geopolitical landscape has heightened the demand for energy independence, leading to a surge in distributed energy storage as a critical infrastructure, with significant growth in overseas markets [5].

Market Overview - A-shares showed mixed performance in the morning, with the ChiNext index rising over 2% at one point [1][3] - The Shanghai Composite Index rose by 0.05% to 4125.32, while the Shenzhen Component Index increased by 0.85% to 14476.03 [4] - The ChiNext index closed up 1.74% at 3363.77, and the Sci-Tech Innovation Board index fell by 0.18% to 1788.39 [4] Industry Performance - The new energy sector experienced significant gains, with the Wind New Energy Concept Index rising over 2% [4] - The electric equipment sector saw a surge, with some stocks hitting the daily limit, including Shihang New Energy and Zhongyi Technology, both up by 20% [4][5] - Other leading stocks in the sector, such as Yiwei Lithium Energy and CATL, also saw substantial increases, with Yiwei Lithium Energy rising over 10% and CATL up over 7% [5] Hong Kong Market - The Hong Kong market showed slight fluctuations, with the Hang Seng Index hovering around 26,000 points [7][8] - Health 160 stock surged over 20% during the session, driven by the company's announcement regarding the deployment of AI in healthcare [8][10] Futures Market - European shipping futures saw a significant increase, with main contracts rising by up to 7% [12] - Domestic crude oil futures and fuel futures experienced a sharp decline, with crude oil futures dropping over 10% [13]

Investment Rating - The investment rating for the industry is "Recommended" based on the positive outlook for the sector and expectations that the industry index will outperform the benchmark index [3][21]. Core Insights - The recent Middle East conflict has significantly impacted oil and gas energy markets, leading to a surge in natural gas prices, which is expected to stimulate demand for household energy storage solutions [1][7]. - The global energy supply is under considerable pressure due to the closure of the Strait of Hormuz and disruptions in Qatar's LNG production, which could lead to a new wave of demand for household storage systems [7]. - The household storage industry is entering a new phase, with European markets recovering and new policies in Australia, the UK, and Poland expected to drive demand [7]. - The conflict is likely to create a new surge in household storage demand, particularly in Europe and emerging markets in Southeast Asia [7]. Company Summaries - **Airo Energy**: A leading distributed energy storage company with a strong focus on overseas markets, expected to see significant growth driven by the recovery in household storage demand [15]. - **GoodWe**: A traditional player in household storage with strong channel capabilities and leading technology, benefiting from early market entry in Europe [16]. - **Deye Technology**: Strong competitive position in household storage with a well-established global sales network and cost advantages [17]. - **JinkoSolar**: A leading company in household storage, focusing on battery and commercial storage products, with high market share in overseas commercial sectors [18]. - **Sungrow Power**: A top global player in energy storage with a robust overseas presence, expected to generate significant revenue from energy storage solutions [19]. - Other companies to watch include: Shouhang New Energy, Chint Power, Kstar, Pylon Technologies, and Hekang New Energy [7].

Investment Rating - The industry is rated as "Outperform" compared to the market [3]. Core Insights - The production of photovoltaic modules is expected to be around 34-35 GW in February 2026, with a month-on-month decrease of approximately 12-13%. Domestic production is about 25-26 GW, while overseas production remains stable at around 10 GW [3]. - The lithium battery production in March 2026 is projected to increase by 16.5% month-on-month, with a total production of 219 GWh in China and 232 GWh globally, indicating a strong recovery in industry capacity [3]. - The average price of polysilicon dense material is reported at 52.00 CNY/kg, while the price of TOPCon double-glass modules remains stable at 0.74 CNY/W [3]. - In December 2025, the export value of photovoltaic modules reached approximately 2.314 billion USD, marking an 18.22% year-on-year increase [3]. - The domestic photovoltaic installed capacity in December 2025 was 40.11 GW, showing a year-on-year growth of 82.15% [3]. Summary by Sections Production - The production of lithium batteries is expected to increase in March 2026, with a significant recovery in capacity observed [4][6]. Prices - The prices of photovoltaic components and lithium batteries have shown stability, with specific prices reported for various components [3][7]. Domestic Demand - The domestic photovoltaic installed capacity has seen significant growth, with a total of 315.00 GW added in 2025, reflecting a year-on-year increase of 13.65% [3][19]. Overseas Demand - The export of inverters and photovoltaic modules has shown varied performance, with significant growth in certain regions, particularly Australia [3][24].