研报掘金丨爱建证券：予蔚蓝锂芯“买入”评级，业绩有望持续改善

Core Insights - The report from Aijian Securities highlights that Aiblu Lithium is expanding its presence in the overseas high-end market in collaboration with Molicel, leading to a continuous increase in global market share [1] Company Strategy - The company focuses on three main business areas: lithium batteries, metal logistics, and LED, with a strategic shift towards cylindrical lithium battery production to create differentiated competitive advantages [1] - Aiblu Lithium is actively entering emerging application scenarios, having made early investments in BBU battery cells, achieving small-scale production and shipments [1] Partnerships and Collaborations - The company confirmed a partnership with Taiwan's Molicel in Q3 2025, which has entered the BBU field and received bulk orders, potentially opening up further market opportunities [1] - Aiblu Lithium supplies lithium battery cells to various clients, including Yushu, Yundongchu, and DJI drones, indicating a strong foothold in the robotics and drone sectors [1] Market Trends - The trend towards electrification of power tools is recognized as an industry movement, with the market space gradually expanding [1] - The collaboration with Molicel to explore overseas high-end markets and the development of new application scenarios like BBU and robotics are expected to enhance the company's growth potential [1] Performance Outlook - The company is expected to see continuous improvement in performance due to stable operations across multiple business lines and the orderly release of overseas production capacity [1] - Aijian Securities has given a "buy" rating based on the anticipated growth from the company's strategic initiatives and market expansions [1]