Ge Long Hui A P P·2025-11-13 03:57Core Viewpoint - The solid-state battery sector is experiencing significant growth, driven by unexpected demand, leading to substantial stock price increases among key companies in the battery industry [1] Group 1: Market Performance - As of November 13, major companies such as Upstream Electric, New Energy, and Yiwei Lithium Energy saw stock price increases of over 10%, with Upstream Electric hitting a 20% limit up [1] - The Battery ETF (561910) surged by 6.62%, reaching a nearly three-year high with a half-day trading volume of 434 million yuan, surpassing the previous day's total [1] - The year-to-date increase of the Battery ETF's underlying index, the CSI Battery Theme Index, stands at 73.44% [1] Group 2: Demand and Growth Projections - Dongwu Securities' analyst, Yuan Qiaoyan, highlighted that the primary driver of the current battery price surge is demand exceeding expectations [1] - Future projections indicate that the industry could see a growth rate of 25%-30% due to multiple drivers, including energy storage, power batteries, and AI data centers [1] - Leading companies are currently valued at a price-to-earnings ratio of only 20 times their expected earnings for next year, suggesting significant potential for upward valuation adjustments [1] Group 3: ETF Composition and Trading Activity - The Battery ETF (561910) has seen a remarkable 634.89% increase in its share volume this year, with an average daily trading volume exceeding 150 million yuan [1] - The ETF's composition includes nearly 40% solid-state battery materials and about 60% energy storage, covering leading companies in solid-state battery materials, packaging, and equipment [1] - The ETF encompasses the entire battery industry chain, including power, energy storage, and consumer electronics sectors [1]