2 1 Shi Ji Jing Ji Bao Dao·2025-11-04 01:49Group 1 - The core viewpoint of the articles indicates that the energy storage sector is driving a new cycle in the battery industry, with expectations for a significant storage cycle from 2025 to 2027 due to global energy transition [1][2] - The lithium battery industry has experienced a downturn due to oversupply and price wars, but signs of recovery are emerging as lithium hexafluorophosphate prices have started to rebound since mid-September [1][2] - The performance of the battery sector has been validated by the third-quarter reports, with the China Securities Battery Theme Index showing a V-shaped recovery in earnings, particularly with net profits rising steadily above 20% for three consecutive quarters [1] Group 2 - Among the top ten constituents of the China Securities Battery Theme Index, 90% reported positive year-on-year growth in revenue and net profit, with notable increases from leading companies such as Yangguang Electric (56%), CATL (36%), and Sanhua Intelligent Control (40%) [2] - The market is recovering, driven by a significant trend in global energy storage, with domestic storage reaching an economic inflection point and projected new installations in China to reach 300 GWh next year [2] - The battery ETF (561910) tracks an index with nearly 40% solid-state battery content and 60% energy storage content, including major players like Yangguang Electric and CATL, covering the entire battery industry chain from power, storage, to consumer electronics [2]