比亚迪第二代电池闪充技术的供应商呈多环节、多龙头格局，核心上市供应商按环节梳理如下。 一、电池本体（闪充核心载体） 1. 正极材料（最核心） 丰元股份（002805）：与比亚迪签，为闪充电池提供专属高压实磷酸铁锂，联合研发且独家适配，是本次闪 充电池。 德方纳米（300769）：磷酸锰铁锂核心供应商，支撑二代刀片高倍率与能量密度提升。 < 比亚迪第二代电池闪充技术的供应商呈多环节、多龙头格局，核心上市供应商按环节梳理如下。 一、电池本体（闪充核心载体） 1. 正极材料（最核心） 丰元股份（002805）：与比亚迪签，为闪充电池提供专属高压实磷酸铁锂，联合研发且独家适配，是本次闪 充电池。 德方纳米（300769）：磷酸锰铁锂核心供应商，支撑二代刀片高倍率与能量密度提升。 湖南裕能（301358）：磷酸铁锂正极龙头，深度配套比亚迪，受益于闪充电池放量。 2. 电解液与隔膜 天赐材料（002709）：高倍率电解液龙头，LiFSI 技术降低内阻，适配闪充需求。 恩捷股份（002812）：超薄湿法隔膜（4μm），高孔隙率提升离子导电率，保障快充稳定性。 3. 结构件与设备 科达利（002850）：刀片电池壳体核心供应 ...

【方正电新】北美科技巨头签署自主供电承诺，北美电网基建有望加速 当地时间周三，谷歌、微软、Meta、亚马逊等签署"纳税人保护承诺"，通过建设、引入或购买新电力来支持数据 中心供电，以防止居民端电费上涨。 #多家AI巨头签署承诺书、承担电网升级及新增发电成本来缓解电费上涨担忧。 当地时间周三，谷歌、微软、Meta、亚马逊等签署"纳税人保护承诺"，通过建设、引入或购买新电力来支持数据 中心供电，以防止居民端电费上涨。 协议有望促使头部AI厂商加快电力基础设施建设以支撑数据中心的快速增长，国内电力设备出海企业有望受益。 【方正电新】北美科技巨头签署自主供电承诺，北美电网基建有望加速 #多家AI巨头签署承诺书、承担电网升级及新增发电成本来缓解电费上涨担忧。 截止25年十月中旬，美国数据中心项目规划容量达245GW，其中25Q3备案容量达45GW，而24年初累计备案数量 仅为50GW左右，美国数据中心项目备案规模迅速增长。 23年美国数据中心耗电量为176TWh，占总体用电量占比约为4.4%，而乐观情况下28年美国数据中心耗电量将达到 580TWh，占总体用电量比例约为12%，数据中心将成为美国耗电增长的主要驱动因素。 ...

证券代码：300693 证券简称：盛弘股份 公告编号：2026-004 深圳市盛弘电气股份有限公司 关于特定股东、董事及高级管理人员减持股份计划期 限届满的公告 公司股东肖学礼先生、魏晓亮先生、杨柳女士、胡天舜先生保证 信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 本公司及董事会全体成员保证公告内容与信息披露人提供的信 息一致。 3、持有公司股份 119,743 股（占剔除回购专用账户股份后公司总股本的 0.0384%）的董事、副总经理、财务总监杨柳女士，计划自减持预披露公告之日 起 15 个交易日后的 3 个月内以集中竞价方式减持公司股份合计不超过 29,900 股 （占剔除回购专用账户股份后公司总股本的 0.0096%） 4、持有公司股份 67,354 股（占剔除回购专用账户股份后公司总股本的 证券代码：300693 证券简称：盛弘股份 公告编号：2026-004 0.0216%）的董事会秘书胡天舜先生，计划自减持预披露公告之日起 15 个交易日 后的 3 个月内以集中竞价方式减持公司股份合计不超过 16,800 股（占剔除回购 专用账户股份后公司总股本的 0.0054%）。 截 ...

晨会速递 2026 年 3 月 2 日 分析师点评 市场数据 总量研究 【宏观】如何看待"HALO 交易"？——《光大投资时钟》第三十篇 近期美股迎来一轮"HALO 交易"，从追逐"成长性"转向拥抱"确定性"和"稀缺 性"。在 AI 技术持续迭代趋势下，真正稀缺的是支撑算力的能源和电力体系以及维 持社会运行的基础设施。而中国拥有全球最完备的供应链体系，在新能源、电力设备、 战略金属、化工材料、造船等行业具备全球领先优势，将成为 AI 时代的硬资产。在 全球供应链重构和法币贬值背景下，其战略价值或迎来系统性重估。 【策略】节后表现值得期待——2026 年 3 月 A 股及港股月度金股组合 2026 年 3 月 A 股金股组合：中际旭创、科大讯飞、盛弘股份、杰瑞股份、南京银行、 华菱钢铁、川恒股份、中国巨石、太阳纸业、海尔智家。 2026 年 3 月港股金股组合： 鸿腾精密、汇聚科技、中石化油服。 【债券】中东局势紧张，转债如何应对？——2026 年 3 月 1 日可转债观察 中长期看 A 股市场稳中向好，短期看风险可控，近期中东局势的紧张甚至还会给一些 板块带来投资机会。例如，军工、航运、油汽、煤化工、黄金、战 ...

盛弘股份 20260227 公司早年以 APF（有源滤波）起家，产品应用以工业场景为主而非电网场景， 工业端龙头地位相对明确。2010 年到 2016 年期间，公司快速延伸至电动汽 车产线、储能微网及电池化成分容相关业务，逐步形成四大核心支柱板块； 2017 年在创业板上市。近几年公司推进多业务、多生产基地布局：早期主要 产线位于深圳，后续逐步向苏州、惠州转移，目前深圳以总部为主，大部分生 产线已搬迁至惠州，形成苏州与惠州两大核心生产基地；同时在西安建立西北 区域的研发制造基地，但体量相对较小。 在电能质量及相关电力电子产品层面，公司产品矩阵覆盖哪些品类，与 UPS 及 HVDC 研发能力的关联逻辑是什么？ 公司电能质量产品并非仅有 APF，还覆盖 SVG（无功发生器）、UPS（不间断 电源）及其他电力电子产品，并长期具备 UPS 业务能力。基于 UPS 在功率变 换与系统稳定性方面的技术积累，公司具备向 HVDC 方向进行研发延伸的基础， 这也是公司能够相对快速推进 HVDC 研发的重要原因之一。 公司业务多元，充电桩与储能占比约 40%和 30%，传统电能质量约 20%，电池化成分容约 10%。受益于新能 ...

电力设备及新能源周报 20260301 本周（20260224-20260227）板块行情 电力设备与新能源板块：本周上涨 1.89%，涨跌幅排名第 16，弱于上证指数。本周风 力发电指数涨幅最大，锂电池指数跌幅最大。风力发电指数上涨 5.73%，核电指数上 涨 5.29%，储能指数上涨 4.64%，新能源汽车指数上涨 3.61%，工控自动化指数上涨 2.08%，太阳能指数上涨 1.25%，锂电池指数下跌 4.74%。 新能源车：26 年 1 月欧洲车市大众领跑但显疲态，中国新势力竞争力增强 2026 年 1 月，欧洲汽车市场混合动力车（HEV）占比最高，达 38.5%；纯电动车（BEV） 占比 19.7%。中资车企表现亮眼：上汽集团当月销量 1.93 万辆，市场份额 2.0%；比 亚迪销量 1.82 万辆，与上汽共同超越特斯拉。大众集团以 26.7%的份额、25.67 万辆 销量位居榜首，但同比下滑 3.8%。整体来看，中国品牌在欧洲新能源市场竞争力显著 增强。 新能源发电：光伏龙头筹划收购，行业破除"内卷"信号明显 通威股份筹划收购丽豪清能 100%股权，成为 2026 年多晶硅行业首例市场化整合， 是本 ...

2026 年 3 月 1 日 电力设备新能源、环保 看好 Token 出海背景下电力运营商价值重估 ——电新环保行业周报 20260301 电力设备新能源 买入（维持） 环保 买入（维持） 作者 分析师：殷中枢 执业证书编号：S0930518040004 010-58452071 yinzs@ebscn.com 分析师：郝骞 执业证书编号：S0930520050001 021-52523827 haoqian@ebscn.com 分析师：陈无忌 执业证书编号：S0930522070001 021-52523693 chenwuji@ebscn.com 分析师：和霖 执业证书编号：S0930523070006 021-52523853 helin@ebscn.com 分析师：邓怡亮 执业证书编号：S0930525070003 021-52523802 dengyiliang@ebscn.com 行业与沪深 300 指数对比图 -40% -20% 0% 20% 40% 60% 2025/2/27 2025/6/29 2025/10/29 2026/2/28 电力设备(申万) 环保(申万) 沪深300 资料来源：i ...

Current Strategy Viewpoints - The capital market experienced fluctuations in early February but rebounded later in the month, primarily due to reduced trading activity before the Spring Festival and short-term policy guidance [1] - The market is expected to enter a phase of economic data and policy verification, with a seasonal increase in trading activity post-Spring Festival, laying a foundation for future market performance [1] - Upcoming economic and corporate profit data, along with the National People's Congress in March, will be crucial for setting the annual policy tone and economic targets, which are significant for the capital market [1] Sector Focus - Short-term focus on safe-haven assets and resource products due to tensions in the Middle East, including precious metals and oil sectors [2] - Long-term focus on growth and cyclical sectors, with particular attention to small-cap stocks that typically perform well in spring [2] - Key sectors to watch include humanoid robots, computing, and AI, benefiting from sustained industry enthusiasm and increased risk appetite among investors [2] Macro Overview - The upcoming National People's Congress will set the tone for the annual economy, with GDP growth targets expected to be set between 4.5% and 5% [8] - Fiscal policy is anticipated to include a deficit rate of 4.0% and new special bonds totaling 5 trillion yuan, indicating a significant increase in fiscal deficit compared to last year [8] Financial Engineering - The A-share market has seen a rise in industry crowding, particularly in media and resource sectors, with the media sector showing a crowding degree of 98.25% [12][14] - The resource sector continues to perform well, with price fluctuations leading to a decrease in crowding indicators, suggesting a potential for continued upward movement [13] Electronic Communication Industry - The upcoming GTC conference is expected to showcase new chip developments from NVIDIA, reinforcing AI as a core investment theme [24] - The demand for storage products is projected to rise significantly, driven by strong AI customer needs and price increases in the DRAM market [25] Computer Industry - The rapid iteration of domestic AI large models is expected to drive significant growth in computing power investments, with a focus on world model technology advancements [28] - The demand for AI-driven applications is anticipated to increase, leading to a surge in computing needs and infrastructure investments [29] New Energy Industry - Focus on hydrogen and ammonia projects, with government support for integrated energy bases expected to drive growth in this sector [32] - The electric power equipment sector is poised for growth due to ongoing global energy demands and potential easing of import restrictions in India [32] High-end Manufacturing Industry - The humanoid robot sector is entering a phase of mass production, with significant advancements showcased during the Spring Festival [35] - The North American AI supply chain remains robust, with ongoing demand for advanced equipment and materials expected to drive growth [36]

加储能群/咨询合作 ，请联系行家说Cindy：15989092696（微信同号） 近日，多家储能相关企业密集发布2025年度业绩快报，包括海博思创、派能科技、天合光能、阿特斯、盛弘股份、新风光、固德威、博力威、海希通讯、派 诺科技。 整体来看，受益于国内储能市场的快速发展以及海外需求回暖， 共有7家 企业营收实现 增长 ，其中海博思创营收突破百亿，派能科技、固德威等企业增幅显 著。然而，受行业竞争加剧、价格承压及政策变动等因素影响，企业净利润表现出现明显分化： 4家实现增长，2家实现同比扭亏，4家下滑。 值得注意的是，储能业务普遍成为各企业的增长亮点，无论是系统集成、电池制造还是核心部件供应商，均在加速拓展全球市场、优化产品结构，储能业务出货 量、海外订单占比等关键指标持续向好，展现出强劲的发展韧性。 | 企业 | 营收 | 同比增减 | 净利润 | 同比增减 | | --- | --- | --- | --- | --- | | 海博思创 | 116.04亿元 | 40.32% | 9.49亿元 | 46.49% | | 派能科技 | 31.58亿元 | 57.53% | 8412.07万元 | 104.6 ...

Investment Rating - Investment rating: Positive (maintained) [1] Core Viewpoints - The report indicates that the European electric vehicle market is expected to continue growing, driven by the resumption of subsidies in Germany and Sweden, as well as the continuation of subsidy policies in the UK, France, Italy, and Spain. This growth is further supported by a new round of vehicle cycles [7][14][38] - The EU's proposal to adjust the 2035 emission reduction targets is not expected to impact the long-term trend of electrification in Europe. Instead, it introduces incentives for small electric vehicles and imposes requirements on zero-emission models for corporate fleets, which will further promote electric vehicle sales [7][38] Summary by Sections Electric Vehicle Sales in Europe - In January 2026, the sales of new energy vehicles in nine European countries reached 207,000 units, a year-on-year increase of 23.1%, with a penetration rate of 29.5%, up by 6.1 percentage points [5][14] - Germany's BEV sales in January 2026 were 43,000 units, up 23.8% year-on-year, with the resumption of electric vehicle subsidies [19] - The UK saw BEV sales of 30,000 units in January 2026, a slight increase of 0.1% year-on-year, while PHEV sales rose by 47.3% [21] - France's BEV sales reached 30,000 units in January 2026, marking a significant year-on-year increase of 52.1% [23] - Sweden's BEV sales were 7,000 units in January 2026, up 18.6% year-on-year, with new subsidies starting in 2026 [25] - In Italy, BEV sales were 9,000 units in January 2026, a year-on-year increase of 40.4% [29] - Spain's BEV sales reached 6,000 units in January 2026, up 29.1% year-on-year [34] Investment Recommendations - Lithium Batteries: Recommended companies include CATL, Yiwei Lithium Energy, and Xinwangda, with beneficiaries including Zhongxin Innovation and Guoxuan High-Tech [7][38] - Lithium Materials: Recommended companies include Hunan Youneng and Tianci Materials, with beneficiaries including Fulian Precision and Wanrun New Energy [7][38] - Lithium Battery Structural Components: Recommended companies include Minglida and Minshi Group, with beneficiaries including Kodali and Hesheng Co [40] - Power/Electric Drive Systems: Recommended companies include Weimaisi and Futec Technology, with beneficiaries including Xinrui Technology and Huangshan Gujie [40] - Charging Stations and Modules: Recommended companies include Youyou Green Energy and Tonghe Technology, with beneficiaries including Shenghong Co [40]