Group 1 - The core viewpoint of the news is that Haibo Sichuang's stock has seen a significant increase, with a rise of 5.16% to 232.33 CNY per share, and a total market capitalization of 41.841 billion CNY [1] - Haibo Sichuang focuses on the research, production, and sales of electrochemical energy storage systems, providing a full range of energy storage system products and solutions for various sectors including traditional power generation, renewable energy, smart grids, and end power users [1] - The company's main business revenue composition is as follows: energy storage systems account for 99.77%, new energy vehicle leasing 0.10%, other (supplementary) 0.07%, and technical services 0.06% [1] Group 2 - From the perspective of fund holdings, Haibo Sichuang is a significant investment for the Huibaichuan Fund, with the Huibaichuan Yuanhang Mixed A Fund holding 6,797 shares, representing 1.48% of the fund's net value, making it the eighth largest holding [2] - The Huibaichuan Yuanhang Mixed A Fund has achieved a year-to-date return of 14.45%, ranking 741 out of 8,889 in its category, and a one-year return of 32%, ranking 2,874 out of 8,136 [2] - The fund managers, Wu Yubin and Liu Xinyu, have both been in their positions for 1 year and 196 days, with the fund's total asset size at 115 million CNY, and the best and worst returns during their tenure being 63.92% and 62.67% respectively [3]

（来源：中国改革报） 转自：中国改革报 广西南宁抽水蓄能电站库区 新华社记者 周华 摄 尤其值得关注的是，114号文首次提出建立电网侧独立新型储能容量电价机制——对服务于电力系统安 全运行、未参与配储的电网侧独立新型储能电站，各地可给予容量电价。对于长期缺乏稳定收益预期的 独立储能行业而言，此番政策"正名"无异于为其发放了一份"保底工资"，彻底破解了行业发展的收益痛 点。 从行业发展态势看，这一制度安排恰逢其时。一方面，独立储能规模已形成产业规模。国家能源局数据 显示，截至2025年底，全国新型储能累计装机达1.36亿千瓦/3.51亿千瓦时，其中独立储能占比为 51.2%，已成为电力系统调节的重要力量。另一方面，独立储能的系统价值已得到验证。2025年，国家 电网经营区新型储能最大放电电力达4453万千瓦，晚高峰平均顶峰时长2.4小时，在电力供需紧张时刻 展现出可靠的支撑能力，其系统调节价值得到充分印证。 尽管发展势头良好，但独立储能仍面临"成长的烦恼"。在《关于深化新能源上网电价市场化改革促进新 能源高质量发展的通知》（以下简称"136号文"）发布前，独立储能的收入包括容量租赁、电能量交 易、辅助服务，以及 ...

Core Viewpoint - The collaboration between Haibo Sichuang Technology Co., Ltd. and Kunlun Financial Leasing Co., Ltd. aims to enhance the development of green energy assets, particularly in energy storage and oilfield support, through a synergistic "industry + finance" model [1][3]. Group 1: Collaboration Details - The partnership will leverage the strengths of both companies to explore comprehensive cooperation in areas such as project financing, equipment leasing, industrial chain finance, and green financial innovation [3]. - The collaboration is seen as a deep integration of finance and industrial technology, with both parties committed to facilitating the efficient consumption of new energy [3][4]. Group 2: Industry Context - The energy storage industry is entering a critical phase of large-scale and high-quality development, necessitating stable and professional financial support to drive deep integration between industry and finance [3]. - The rapid growth of the energy storage sector is recognized as a key component of future green power development, supported by ongoing national policies encouraging industry growth [3]. Group 3: Future Outlook - The signing of the cooperation agreement is viewed as a starting point for both companies to promote the upgrade of the energy storage industry and explore large-scale applications of storage technology [6]. - The collaboration aims to contribute significantly to building a clean, low-carbon, safe, and efficient energy system, reinforcing national energy security [6].

Core Viewpoint - The deep integration of financial capital and the energy storage industry is becoming a core driving force for industry development during the critical phase of constructing a new power system [1][3]. Group 1: Industry Trends - The energy storage industry is entering a new development stage, transitioning from policy-driven to value-driven, influenced by the implementation of documents 136 and 114, which promote market-oriented reforms and capacity pricing policies [3]. - The national goal for wind and solar power generation capacity by 2035 has created a new blueprint for renewable energy development, marking a significant opportunity for the energy storage sector [3][4]. Group 2: Company Collaboration - The partnership between Haibo Sichuang and Bank of China Financial Leasing aims to achieve a multiplier effect through the integration of industry and finance, focusing on the "energy storage + finance" model [3][6]. - Both companies will explore innovative leasing models such as operating leasing, joint leasing, and cross-border leasing to enhance market share and industry influence [4][6]. Group 3: Future Directions - The collaboration is expected to leverage the strengths of both parties in technology and financial capital to explore new models and paths for the deep integration of energy storage assets and financial innovation [6].

文 | 中国改革报 郭兴 张小宝 政策"拐杖"被移开，中国储能产业是否还能跑出加速度？ 近日， 中关村储能产业技术联盟组织召开的CNESA Data Link 2025年度储能数据发布会 （以下简称"发布会"）揭晓了答案。发布会上， 中关 村储能产业技术联盟理事长陈海生 全面总结了2025年新型储能产业发展情况，并展望了2026年发展趋势。 陈海生介绍，在强制配储政策退出的背景下，2025年，中国新型储能产业逆势而上， 交出了一份新增投运66.43吉瓦/189.48吉瓦时的亮眼成绩 单。 截至2025年末，中国电力储能累计装机达213.3吉瓦，其中新型储能累计装机首次突破100吉瓦大关，达到144.7吉瓦，历史性地占据总装机 容量的2/3以上。据了解， 这一规模是"十三五"末期的45倍。 "更为深刻的变革在于结构性的跨越。"陈海生表示，在政策"拐杖"被移开之后， 新型储能产业不仅没有失速，反而凭借内生的市场与技术动力 ，跑出了更稳健、更高质量的加速度。 技术自立与场景迁移 "十三五"与"十四五"这10年，是电力市场改革的关键期，更是新型储能技术路线从"陪衬"走向"主角"的进化期。10年间，我国不仅新型电力系统 ...

Core Insights - The Chinese energy storage industry has shown remarkable growth in 2025, achieving an additional installed capacity of 66.43 GW and 189.48 GWh, with total installed capacity surpassing 100 GW for the first time, accounting for over two-thirds of the total capacity [4][6][8] Group 1: Industry Growth and Trends - The new energy storage industry in China has experienced a significant transformation, moving from "demonstration application" to "scale development" during the "13th Five-Year Plan" and "14th Five-Year Plan" periods [5][6] - By the end of 2025, the cumulative installed capacity of new energy storage reached 144.7 GW, which is 45 times larger than at the end of the "13th Five-Year Plan" [4][6] - The market dynamics have shifted, with independent storage becoming the main battlefield, as evidenced by a 59% year-on-year increase in newly added independent storage capacity [5][6] Group 2: Policy Changes and Market Dynamics - The removal of mandatory storage policies has not cooled the market; instead, it has led to increased activity, with over 5,000 new projects and more than 1,800 operational projects in 2025 [6][7] - The investment landscape has changed, with local state-owned enterprises and private companies becoming key players in independent storage investments, reflecting a shift from "I have to install" to "I want to install" [6][7] Group 3: Future Projections and Market Adaptation - The growth rate of new energy storage installations is expected to slow down as the industry transitions from explosive growth to high-quality value creation, with a projected cumulative installed capacity of 370 million kW by 2030 [8][9] - The revenue structure is anticipated to change, with auxiliary service income declining and capacity revenue becoming a significant supplement, indicating a shift towards a multi-market revenue model [8][9] - New application scenarios such as green electricity direct connection and zero-carbon parks are expected to drive future growth, necessitating companies to enhance their technological integration capabilities [8][9]

1月26日，北京海博思创科技股份有限公司与大同市政府正式签署合作协议。双方将围绕智 能制造、独立储能电站等重点领域，开展全方位、深层次的合作，共同推动大同市新能源 产业结构优化与提升，助力区域能源转型与可持续发展。 自2023年海博思创储能装备产业园落户大同以来，双方合作持续深化，结出累累硕果。 海博思创 大同智能制造基地2025年实现产值跨越式增长，二期建设稳步推进，相关储能电站项目也取得阶 段性重要进展，充分体现"大同速度"与"大同服务"的高效与温度。 展望未来，海博思创将充分发挥作为储能行业龙头企业的带动作用，推动更多优质项目、先进技 展望未来，海博思创将充分发挥作为储能行 龙头企 的带动作用，推动更多优质项目、先进技 术与创新模式落地大同。海博思创将与大同市同频共振，携手构建储能产业生态圈，集聚产业链 上下游优质企业协同发展，全力将大同打造成储能产业发展的高地。 签约仪式上，大同市委副书记、市长刘俊义表示，近年来，大同始终锚定能源赛道，以构建新型 能源体系为目标，以深化项目建设为重要抓手，多措并举扎实推动能源转型。 海博思创项目与大 同市产业发展规划高度契合，希望双方以此次签约为新起点，在制造基地、储 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为90,205,722股。 ● 除首发限售股份外，本次其他股票上市类型为首发战略配售股份（限售期12个月）；股票认购方式为 网下，上市股数为4,435,000股。本公司确认，上市流通数量等于该限售期的全部战略配售股份数量。 本次股票上市流通总数为94,640,722股。 ● 本次股票上市流通日期为2026年1月27日。 一、本次上市流通的限售股类型 登录新浪财经APP 搜索【信披】查看更多考评等级 根据中国证券监督管理委员会于2024年12月19日出具的《关于同意北京海博思创科技股份有限公司首次 公开发行股票注册的批复》(证监许可〔2024〕1869号），北京海博思创科技股份有限公司（以下简 称"公司"）首次公开发行人民币普通股44,432,537股，并于2025年1月27日在上海证券交易所科创板上 市。公司首次公开发行股票完成后，总股本为177,730,148股，其中有限售条件流通股142,08 ...

Group 1 - Haibo Sichuang Technology Co., Ltd. has been awarded five honors, including the 2025 Beijing Top 100 Enterprises and the 2025 Beijing Manufacturing Industry Top 100 [2] - The "2025 Beijing Top 100 Enterprises" list evaluates companies based on scale, efficiency, innovation, and social contribution, highlighting Haibo Sichuang's leading position among capital enterprises [2] - The evaluation was organized by the Beijing Enterprise Federation and the Beijing Entrepreneurs Association, ensuring high credibility and social influence [2] Group 2 - In 2025, Haibo Sichuang aims for high-quality development driven by innovation and strategic upgrades, having been recognized as a national enterprise technology center [3] - The company has implemented its "Energy Storage + X" strategy, achieving breakthroughs in various sectors such as independent energy storage stations and data centers, with a global presence in over 20 countries across five continents [3] - Haibo Sichuang is committed to deepening energy storage technology innovation and expanding application scenarios to contribute to the national "dual carbon" goals [3]

Core Viewpoint - Beijing Haibo Sichuang Technology Co., Ltd. and Beijing Haibo Sichuang Engineering Technology Co., Ltd. have achieved significant recognition by being included in five prestigious rankings, showcasing their leadership and influence in the industry [1][3]. Group 1: Awards and Recognition - The company has been recognized in the "2025 Beijing Top 100 Enterprises," "2025 Beijing Manufacturing Enterprises Top 100," "2025 Beijing High-Precision and Cutting-Edge Enterprises Top 100," "2025 Beijing Specialized, Refined, Characteristic, and Innovative Enterprises Top 100," and "2025 Beijing-Tianjin-Hebei Manufacturing Enterprises Top 100" [1][3]. - This recognition reflects the company's strong overall strength and its critical role in promoting energy structure transformation and supporting green economic development [3]. Group 2: Innovation and Strategic Development - In 2025, the company aims to accelerate high-quality development driven by innovation and strategic upgrades, having been selected as a national enterprise technology center [4]. - The "Energy Storage + X" strategy has been fully implemented, achieving breakthroughs in various scenarios such as independent energy storage stations, data centers, oil fields, and mining, with a global business presence in over 20 countries across five continents [4]. - The company has deepened collaborations with industry leaders like Huawei Digital Energy and CATL, exploring innovative financing models that combine energy storage assets with specialized operations and comprehensive financial solutions [4]. Group 3: Future Outlook - The company is committed to continuing its focus on technology-driven innovation, expanding application scenarios, and promoting intelligent manufacturing and green operations, contributing to the collaborative development of the Beijing-Tianjin-Hebei region and the national "dual carbon" goals [4].