以产业与市场化LP为主。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 苏州基金再次作为基石投资人加码朝希，产业 LP包括迈为股份、阿特斯、正泰电器等上市公司及海 辰储能等产业集团，新增中方财团、东吴创投、中信建投资本等知名投资平台。另有数家产业与市场 化LP正在推动决策进程，以参与基金后续扩募，其中多家也为复投LP。 在新老 LP的共同支持下， 朝希二期主基金将专注于能源与科技两大赛道，沿新型材料、高端装 备、终端产品、创新服务及应用场景全产业链布局，着力培育具备极强技术创新实力与产业化能力的 未来龙头企业。 朝希资本认为，能源是科技创新的动力，科技是能源发展的催化剂。全球零碳共识推动能源转型，能 源、电力及电子等产业发展催化更多科技场景的打开，并为现代科技范式创新带来深远影响；而 AI、空天等更多颠覆式产业的蓬勃发展，除重视其自身各要素的突破进展之外，朝希资本也尤其关注 科技为能源产业带来的新机。 延续朝希的产业投资方法论，打法上，朝希资本基于能源与科技的双重视角，以判断市场需求为原 点，结合突破性创新技术和产业化应用拐点，前瞻布局、精准出击；投资阶段上，朝希资 ...

Group 1 - The core viewpoint of the article is that the global energy storage industry is experiencing significant growth, with a projected increase in integrated shipment volumes from 418.3 GWh in 2024 to 550 GWh in 2025, representing a year-on-year growth of 92.7% [1][6]. Group 2 - In 2024, the top 30 companies in global energy storage system integration by shipment volume include Tesla, Sungrow, CRRC Zhuzhou Institute, CATL, Fluence, BYD, Envision Energy, Powin, Nextera, Guoxuan High-Tech, and others [4][5]. - The concentration ratio (CR10) for the top 10 companies in the energy storage system integration market is 64%, indicating a relatively low industry concentration due to the rapid growth phase and the influx of new entrants from various sectors such as photovoltaics, wind power, batteries, and traditional energy [6][8].

Core Insights - The global energy storage industry is experiencing rapid growth, with a projected shipment volume of 418.3 GWh in 2024, representing a year-on-year increase of 92.7%. The forecast for 2025 is set at 550 GWh [1]. Group 1: Market Overview - The top 30 companies in global energy storage system shipments for 2024 include Tesla, Sungrow, CRRC Zhuzhou Institute, CATL, Fluence, BYD, Envision Energy, Powin, Nextera, Guoxuan High-Tech, and others [4][5]. - The concentration ratio (CR10) for the global energy storage system integration market is 64%, indicating a relatively low level of market concentration. This is attributed to the high growth phase of the energy storage integration segment, which is a key battleground for new entrants from various sectors including solar, wind, batteries, and traditional energy [6]. Group 2: Industry Dynamics - The energy storage industry is characterized by intense competition, with numerous new entrants emerging as the market expands. This competitive landscape is expected to intensify in the future [6].

Group 1 - The company disclosed its investor relations activities, including participation in performance briefings and roadshows, with significant interest from institutions regarding its energy storage business progress [1] - For Q2 2025, the company expects module shipments to be between 7.5-8.0 GW, with an annual forecast of 25-30 GW, balancing price and volume considerations [1] - The company anticipates energy storage system shipments of 2.4-2.6 GWh for Q2 2025, with an annual estimate of 7.0-9.0 GWh, adjusting expectations due to uncertainties in tariffs [1] Group 2 - The company has approximately 91 GWh of energy storage system orders as of March 31, 2025, with a signed contract value of $3.2 billion, indicating strong future order support [2] - The company noted that the current tariff policies have eased, allowing for better order arrangements and normal shipment levels in markets outside the U.S. [2] - The company highlighted that the profitability of large-scale energy storage is influenced by upstream cell prices and downstream demand, with healthy margins in markets like the U.S., Canada, and the EU [2] Group 3 - The company recognizes high entry barriers in system integration compared to hardware sales, emphasizing the need for localized technical support and long-term service capabilities [3] - The company is cautious about domestic capacity expansion in the current photovoltaic market, focusing on optimizing capacity structure towards energy storage and high-profit overseas markets [3] - The company continues to invest in R&D for various technology routes, prioritizing commercial value during the industry's consolidation phase [3]

Industry Overview - The photovoltaic market is experiencing intensified competition, leading to significant price declines and many companies facing losses upon production commencement due to rapid capacity expansion causing supply-demand mismatches [1][4] - The industry is currently in a deep adjustment phase, with overall operating rates declining and over 140,000 employees laid off across 109 listed photovoltaic companies last year [1] Company Insights - Major companies in the Baotou equipment manufacturing industrial park include Hongyuan New Materials, Baotou Canadian Solar, and Baotou JA Solar, primarily focusing on upstream processes like crystal pulling and slicing [1][5] - Despite claims of maintaining operational rates, some companies report significant reductions in workforce and production lines due to decreased orders, with some factories experiencing shutdowns [1][9] Employee Conditions - Employees report reduced wages and job insecurity, with some stating that salaries have dropped from over 10,000 yuan to as low as 3,000 yuan, reflecting the industry's downturn [2][3] - Workers face strict conditions regarding working hours and pay, with deductions for insufficient attendance, leading to a high turnover rate as employees leave for better opportunities [2][3] Market Dynamics - The operating rates for leading companies in the silicon wafer sector are reported at 50% to 56%, while integrated companies range from 56% to 80%, indicating a general decline in production capacity [5][10] - The overall market demand is expected to decrease, which may lead to further fluctuations in operating rates and continued layoffs in the sector [5][10] Economic Impact - The decline in the photovoltaic industry has adversely affected surrounding businesses, with local commercial areas experiencing reduced foot traffic and sales due to lower employee wages and numbers [12][15] - The ripple effect of production halts is impacting service industries, with many restaurants and shops reporting significant drops in revenue and some even closing down [12][15][16] Future Outlook - Analysts suggest that improving supply-demand dynamics, policy support, and industry self-regulation could help stabilize the industry and employee wages, but short-term solutions remain elusive [16]

21世纪经济报道记者费心懿 上海报道 为出口外向型企业期盼已久的"绿电直连"事项获两部门推出。为中国企业提升出口绿色竞争力、抢占全 球绿色贸易新赛道的战略布局提供基石。 日前，国家发展改革委、国家能源局发布《关于有序推动绿电直连发展有关事项的通知》（下称《通 知》），从国家层面首次明确了绿电直连的定义内涵。 《通知》指出，绿电直连是指风电、太阳能发电、生物质发电等新能源不直接接入公共电网，通过直连 线路向单一电力用户供给绿电，可实现供给电量清晰物理溯源的模式。 填补空白 国家能源局有关负责人在答记者问中表示，出台关于绿电直连的文件是出于三方面的考虑，一是满足新 能源就近消纳需要；二是满足用户绿电消费需求；三是为用户降低用电成本提供更多选择。 值得一提的是，《通知》还特别提到了，绿电直连项目经营投资主体将不含电网企业。 《通知》强调，绿电直连项目的发展目标是满足企业绿色用能需求、提升新能源就近就地消纳水平，将 按照安全优先、绿色友好、权责对等、源荷匹配原则建设运行，公平合理承担安全责任、经济责任与社 会责任。 电力规划设计总院能源政策与市场研究院院长凡鹏飞则指出，自欧盟发布《欧盟电池和废电池法案》及 配套文件《 ...

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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/11/30 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2024 20 12 | 12 | 日~2025 | 年 | 月 | 日 19 | | 预计回购金额 | 5亿元~10亿元 | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 3,391.22万股 | | | | | | | 累计已回购股数占总股本比例 | 0.92% | | | | | | | 累计已回购金额 | 32,765.06万元 | | | | | | | 实际回购价格区间 | 8.34元/股~11.33元/股 | | | | | | 一、回购股份的基本情况 2024 年 12 月 19 日，公司召 ...

中国经济网北京6月3日讯阿特斯(688472.SH)今日收报8.76元，跌幅1.90%，总市值323.09亿元。目前该 股处于破发状态。 阿特斯于2023年6月9日在上交所科创板上市，超额配售选择权行使前，公开发行股份数量541,058,824 股，占发行后总股本的15.00%；超额配售选择权全额行使后，公开发行股份数量622,217,324股，占发 行后总股本的16.87%。公司上市发行价格为11.10元/股，保荐人(联席主承销商)为中国国际金融股份有 限公司，保荐代表人为魏先勇、薛昊昕；联席主承销商为华泰联合证券有限责任公司、东吴证券股份有 限公司。 阿特斯上市发行募集资金总额为600,575.29万元(行使超额配售选择权之前)；690,661.23万元(全额行使超 额配售选择权之后)。扣除发行费用后，募集资金净额为572,782.43万元(行使超额配售选择权之前)； 662,845.46万元(全额行使超额配售选择权之后)。 阿特斯最终募集资金净额较原计划多172,782.43万元(行使超额配售选择权之前)；262,845.46万元(全额行 使超额配售选择权之后)。2023年6月6日，阿特斯披露的招股说明 ...

地瓜机器人完成 1 亿美元 A 轮融资： 2025 年 5 月 28 日，地平线机 器人-W（9660.HK）旗下地瓜机器人宣布完成 1 亿美元 A 轮融资。本轮融 资获得海内外众多投资机构青睐，由高瓴创投、五源资本、线性资本、和暄 资本、九合创投、Vertex Growth 等投资机构共同参投，为地瓜机器人加速构 建具身智能生态版图注入强劲动力。为加速具身智能机器人落地进程，地瓜 机器人将在 6 月正式发售面向具身智能机器人的 RDK S100 机器人开发套 件。该平台具备百 TOPS 级算力，拥有强大的异构架构设计，是行业首款单 SoC 算控一体计算平台，可实现机器人感知与运控协同计算。 电力设备及新能源 行业周报（202526-20250601） 同步大市-A(维持) 上海成立具身智能数据联盟，硅料价格下行 2025 年 6 月 3 日 行业研究/行业周报 电力设备及新能源行业近一年市场表现 投资要点 资料来源：最闻 | 首选股票 | | 评级 | | --- | --- | --- | | 600732.SH | 爱旭股份 | 买入-B | | 601012.SH | 隆基绿能 | 买入-B | | ...

电力设备及新能源 行业周报（202526-20250601） 同步大市-A(维持) 上海成立具身智能数据联盟，硅料价格下行 2025 年 6 月 3 日 行业研究/行业周报 电力设备及新能源行业近一年市场表现 投资要点 资料来源：最闻 请务必阅读最后股票评级说明和免责声明 1 行业研究/行业周报 | 首选股票 | | 评级 | | --- | --- | --- | | 600732.SH | 爱旭股份 | 买入-B | | 601012.SH | 隆基绿能 | 买入-B | | 601865.SH | 福莱特 | 买入-A | | 002056.SZ | 横店东磁 | 买入-A | | 300274.SZ | 阳光电源 | 买入-A | | 688472.SH | 阿特斯 | 买入-A | | 605117.SH | 德业股份 | 买入-A | 【山证太阳能】智元发布 AI 智能助行外 骨 骼机 器人 ， 光伏 产 业链 价格 下 行 2025.5.7 肖索 执业登记编码：S0760522030006 邮箱：xiaosuo@sxzq.com 贾惠淋 执业登记编码：S0760523070001 邮箱：jiah ...