CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-09-15 07:28Core Viewpoint - Ningde Times (300750.SZ) has seen a significant stock price increase, reaching a historical high since December 2021, driven by strong market performance and favorable analyst reports [1][2]. Company Performance - Ningde Times' stock price hit 371.52 yuan, with a market capitalization exceeding 1.6 trillion yuan, closing at 354.70 yuan, reflecting a 9.14% increase [1]. - The stock has risen nearly 40% year-to-date, positively impacting related battery storage stocks [1]. - The company reported a 33.33% year-on-year increase in net profit for the mid-year period [3]. Analyst Support - Analysts from Morgan Stanley highlighted Ningde Times' competitive advantage in the European market and the challenges faced by smaller competitors, suggesting that its valuation is attractive compared to peers [2]. - Several domestic brokerages have issued "buy" ratings for Ningde Times, citing its improving profitability and innovative product upgrades [2]. Industry Trends - The National Development and Reform Commission and the National Energy Administration have launched a plan aiming for a new energy storage capacity of over 180 GW by 2027, with an investment of approximately 250 billion yuan [2]. - The primary technology for new energy storage is expected to remain lithium-ion batteries [2]. Market Context - The divergence between Ningde Times and Longi Green Energy illustrates the microcosm of the structural bull market in A-shares, with Ningde Times maintaining robust growth while Longi faces challenges [3][4]. - The concept of "low valuation traps" and "high growth traps" is discussed, emphasizing the importance of sustained performance through innovation and market expansion [4].