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北交所科技成长产业跟踪第三十二期：铁镍集流体或将推动硫化物固态电池量产落地，关注远航精密等北交所固态电池产业链企业
Hua Yuan Zheng Quan·2025-06-29 15:27
  1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Multiple automakers and battery manufacturers, including BYD and CATL, have chosen the sulfide route for solid-state batteries. Iron-nickel current collectors may facilitate the mass production of sulfide solid-state batteries [3][10][12]. - The global composite current collector market is expected to reach nearly 30 billion yuan in 2025. Iron-based current collectors may emerge as a new route [3][16]. - From June 23 to June 27, 2025, most of the technology growth stocks on the Beijing Stock Exchange (BSE) rose, with a median increase of 7.38%. The weekly increase rates of the BSE 50, CSI 300, STAR 50, and ChiNext Index were 6.84%, 1.95%, 3.17%, and 5.69% respectively [3][36]. - In various industries on the BSE, the price-to-earnings ratio (P/E) and market value of enterprises have changed to different degrees. For example, the median P/E ratio of the automotive industry increased by 7.63% to 33.1X [3][40][57]. - Several companies have announced significant events, such as Qiangong Cable winning bids worth 831.24 million yuan from the State Grid, and Kaiter Co., Ltd. planning to invest in establishing Wuhan Kaiter Embodied Intelligent Equipment Co., Ltd. [3][67] 3. Summary According to the Table of Contents 3.1 Iron-nickel Current Collectors May Facilitate the Mass Production of Sulfide Solid-State Batteries - Multiple Automakers and Battery Manufacturers Choose the Sulfide Route: Solid-state battery technology can be divided into sulfide, oxide, and polymer routes. Many automakers and battery manufacturers have selected the sulfide route. For example, BYD and CATL are expected to achieve small-scale production of solid-state batteries in 2027 [10][12][15]. - Expected Growth of the Global Composite Current Collector Market: The global composite current collector market reached 1.8 billion yuan in 2023 and is expected to approach 30 billion yuan in 2025. Composite current collectors can improve the performance of power and energy storage batteries. Iron-based current collectors may be a new solution to address corrosion and expansion issues [3][16][28]. - Solid-State Battery Industry Chain Enterprises on the BSE: There are 13 solid-state battery industry chain enterprises on the BSE, including 7 on the material side and 6 on the equipment side [32]. 3.2 Total: Median Increase of 7.38% in the Stock Price of BSE Technology Growth Stocks - From June 23 to June 27, 2025, most of the technology growth stocks on the BSE rose, with a median increase of 7.38%. Among them, 141 companies (96%) increased. The top five gainers were Guangdao Digital (+48.68%), Tonghui Information (+44.14%), Guoyuan Technology (+43.37%), Liandi Information (+40.11%), and Xingchen Technology (+31.63%) [36]. 3.3 Industry: Median P/E Ratio of the Automotive Industry Increased by 7.63% to 33.1X - Electronics Equipment Industry: The median P/E ratio increased from 58.9X to 63.1X, and the total market value rose from 132.83 billion yuan to 143.88 billion yuan. The median market value increased from 23.5 billion yuan to 25.7 billion yuan. Xingchen Technology, Yabaoxuan, and Haineng Technology had the highest market value increases [40][41]. - Machinery Equipment Industry: The median P/E ratio decreased from 62.3X to 60.8X, and the total market value rose from 104.94 billion yuan to 109.27 billion yuan. The median market value increased from 21.6 billion yuan to 22.6 billion yuan. Youji Co., Ltd., Sanyou Technology, and Kunbo Seiko had the highest market value increases [45][47]. - Information Technology Industry: The median P/E ratio increased from 97.2X to 104.2X, and the total market value rose from 86.19 billion yuan to 96.84 billion yuan. The median market value increased from 25.8 billion yuan to 28.3 billion yuan. Guangdao Digital, Tonghui Information, and Guoyuan Technology had the highest market value increases [52][53]. - Automotive Industry: The median P/E ratio increased from 30.7X to 33.1X, and the total market value rose from 52.53 billion yuan to 56.29 billion yuan. The median market value increased from 19.8 billion yuan to 21.2 billion yuan. Jiezong Technology, Tongxin Transmission, and Tianming Technology had the highest market value increases [57][61]. - New Energy Industry: The median P/E ratio increased from 36.3X to 38.4X, and the total market value rose from 45.95 billion yuan to 49.81 billion yuan. The median market value increased from 21.2 billion yuan to 23.1 billion yuan. Changhong Energy, Lijia Technology, and Derui Lithium had the highest market value increases [62][63]. 3.4 Announcements - Qiangong Cable won bids worth 831.24 million yuan (tax included) from the State Grid and its affiliated companies [67]. - Kaiter Co., Ltd. plans to invest in establishing Wuhan Kaiter Embodied Intelligent Equipment Co., Ltd. with a registered capital of 5 million yuan [67]. - Several companies, including Jianbang Technology, Weimao Electronics, and Shunyu Seiko, received invention patent certificates [67]. - Keda Automation plans to acquire 51% of the shares of Changzhou Haitu Information Technology Co., Ltd. for business expansion [68][70].