先导智能2个月涨超130%，宁德时代“痛失”资本盛宴

Core Viewpoint - The stock price of XianDao Intelligent has surged significantly, recovering from previous declines, driven by a strong performance in the lithium battery equipment sector and increasing orders from downstream battery manufacturers [1][2][3]. Financial Performance - XianDao Intelligent reported a revenue of 66.1 billion yuan for the first half of 2025, a year-on-year increase of 14.92%, with a net profit of 7.4 billion yuan, up 61.19% [3]. - In Q2, the company achieved a revenue of 35.12 billion yuan, representing a substantial growth of 43.85% year-on-year, and a net profit of 3.75 billion yuan, which is a remarkable increase of 456.29% [3]. Market Dynamics - The stock price increased by nearly 94% over seven trading days, reaching 57.39 yuan on September 8, with a market capitalization of 898.8 billion yuan [1][2]. - The financing balance for XianDao Intelligent surged from 1.324 billion yuan to 3.466 billion yuan between August 28 and September 5, indicating strong investor interest [2]. Industry Trends - The lithium battery industry is experiencing significant growth, with China's total lithium battery shipments reaching 776 GWh in the first half of 2025, a year-on-year increase of 68% [5]. - The solid-state battery sector is advancing rapidly, with major companies like Ningde Times and Yiwei Lithium Energy making significant progress in production [6]. Order Backlog - As of the end of June, XianDao Intelligent had a contract liability of 13 billion yuan, reflecting a growth of over 10% since the beginning of the year [4]. Strategic Partnerships - XianDao Intelligent has maintained a strategic partnership with Ningde Times, which has committed to prioritizing the purchase of core production equipment from XianDao Intelligent [11][12].