Huan Qiu Lao Hu Cai Jing·2025-09-15 10:00Group 1: Market Performance - The energy storage sector experienced a significant surge, with stocks like CATL rising over 14% to 371.52 yuan and Sungrow increasing over 11% to 149.32 yuan, both reaching historical highs during trading [1] Group 2: Policy Support - The recent explosion in the energy storage sector is strongly supported by government policies, including the National Development and Reform Commission and the National Energy Administration's issuance of the "New Energy Storage Scale Construction Special Action Plan (2025-2027)" [2] - The plan aims for a national new energy storage installed capacity of over 180 GW by 2027, driving direct project investments of approximately 250 billion yuan [2] - The Ministry of Industry and Information Technology and other departments also released a plan targeting 32.3 million vehicle sales in 2025, with a focus on 15.5 million new energy vehicles, reflecting a 20% year-on-year growth [2] Group 3: Company Fundamentals - CATL reported a revenue of 178.886 billion yuan for the first half of 2025, a year-on-year increase of 7.27%, with a net profit of 27.197 billion yuan, up 35.62% [3] - CATL maintained a global market share of 38.1% in power battery usage from January to May 2025, an increase of 0.6 percentage points year-on-year, and ranked first globally in energy storage battery production [3] - Sungrow's energy storage system business achieved a revenue of 17.803 billion yuan in the first half of 2025, a 128% year-on-year increase, with its share of total revenue rising from 25.2% to 40.89% [4]