CATL(SZ:300750) Sou Hu Cai Jing·2025-08-14 09:57Market Overview - On August 14, the A-share market saw over 4,000 stocks decline, with a significant trading volume, and the Shanghai Composite Index closed down by 0.46% [1] - The Battery 50 ETF (159796), which is among the leading in scale and lowest in fees, narrowed its decline to 1.4% by the end of the trading session [1] Battery 50 ETF Performance - The closing price of Battery 50 ETF (159796) was 0.633, reflecting a decrease of 1.4% (-0.009) [2] - The ETF's trading volume was 69.13 million, with a turnover rate of 3.95% [2] - The ETF's net asset value was 0.6406, with a discount rate of -1.19% [2] Component Stocks Analysis - Most component stocks of the Battery 50 ETF experienced declines, with notable exceptions like Ningde Times, which rose over 2% [2][5] - Key declines included companies such as Xinnengda and Tianci Materials, both dropping over 2% [2] Ningde Times Dividend Announcement - Ningde Times announced a mid-year dividend plan for 2025, distributing 10.07 yuan per 10 shares, totaling 4.411 billion yuan [5] - The record date for the dividend is August 19, with the ex-dividend date and cash dividend payment date set for August 20 [5] Industry Trends - The China Chemical and Physical Power Industry Association released a draft proposal aimed at maintaining fair competition and promoting healthy development in the energy storage industry [5] - The proposal encourages companies to base market participation on technology, service, reputation, and performance capabilities, avoiding irrational low pricing behaviors [5] Storage Industry Insights - Guosen Securities highlighted that the "anti-involution" policy is expected to improve profitability for energy storage companies amid increasing competition [6] - The report indicates that market concentration is likely to increase, benefiting leading companies with cost and technology advantages [6] Demand for Energy Storage - The energy storage project bidding continued to see significant growth, with June 2025's bidding capacity reaching a record high of 62.8 GWh, a 228% increase from June 2024 [7] - The demand for energy storage remains strong due to the increasing penetration of renewable energy sources [7]