转自：新华财经 新华财经香港2月26日电（记者林迎楠）26日，港股主要指数高开低走，截至收盘，恒生指数下跌 1.44%至26381.02点，恒生科技指数下跌2.87%至5109.33点，国企指数下跌2.44%至8814.29点。 当日恒指高开254.02点，开报27019.74点，开盘走势向下，早盘盘中窄幅整理，午后跌幅扩大，最终恒 指跌384.70点，主板成交超2592亿港元。当日，港股通（南向）净流出超73亿港元。 整体来看，风电、光通讯、影视等股多为上涨，银行、航空、港口运输等股有涨有跌，新消费、黄金、 有色金属、商业航天、生物医药、新能源车企、科网、券商、石油与天然气等股多有下跌。 个股方面，小米集团跌1.18%，中国平安跌4.64%，长飞光纤光缆涨2.97%，中芯国际跌3.22%，香港交 易所涨0.78%，美团跌2.72%，快手跌4.14%，天数智芯涨20.27%，中电控股跌2.20%，东方电气涨 15.52%，建设银行跌1.60%，宁德时代跌6.49%，耀才证券金融跌4.17%，中国银行跌0.64%。 成交额前三的个股中，阿里巴巴跌3.57%，成交超143亿港元；腾讯控股跌2.01%，成交超132 ...

（文/观察者网 张家栋 编辑/高莘） 2月25日至2月26日，德国总理默茨正式开启就任以来的首次访华之旅，在全球经济格局动荡、产业链重 构与地缘政治不确定性上升的背景下，这被外界视为一次具有风向标意义的访问。 第二点是，三家企业对中国角色的定位发生变化。在外企高管眼中，中国不再仅仅是"全球最大汽车市 场"，而是被明确定位为技术创新策源地与产业标准塑造者。 德国总理默茨 联合日报 双方会晤中，中方表示，双方应做相互支持的可靠伙伴，坚持互尊互信、开放合作；要做开放互利的创 新伙伴，加强发展战略对接，支持人才、知识与技术双向流动，在人工智能等前沿领域深化对话合作， 共同维护产业链供应链稳定畅通；还要做相知相亲的人文伙伴。 德方表示，作为全球三大经济体中的两个，中德贸易不仅关系两国繁荣，也惠及世界，双方机遇与风险 并存，应在维护自身利益基础上加强伙伴关系，在多领域实现互利共赢。 在双方达成共识的政治与贸易新局面下，汽车产业的重要性进一步凸显。作为中德经贸往来最具规模与 技术含量的支柱产业之一，该行业既承载着双边贸易体量，也连接着电动化、智能化与绿色转型等前沿 议题，成为双方深化创新合作与稳定产业链供应链的关键抓手。 ...

Group 1: Nvidia Financial Performance - Nvidia's Q4 revenue reached $68.1 billion, representing a 20% quarter-over-quarter increase and a 73% year-over-year increase [1] - For the fiscal year 2026, Nvidia's total revenue is projected to be $215.9 billion, a 65% year-over-year growth [1] - The GAAP and non-GAAP gross margins for Q4 were 75.0% and 75.2%, respectively, while for the entire fiscal year 2026, they are expected to be 71.1% and 71.3% [1] - The diluted earnings per share (EPS) for Q4 were $1.76 (GAAP) and $1.62 (non-GAAP), with full-year EPS for 2026 projected at $4.90 (GAAP) and $4.77 (non-GAAP) [1] - Nvidia returned $41.1 billion to shareholders through stock buybacks and cash dividends during the fiscal year 2026, with $58.5 billion in stock buyback capacity remaining as of the end of Q4 [1] Group 2: Indian Market Regulation - India's market regulator has allowed actively managed equity funds, totaling $384 billion, to allocate more funds to gold and silver, enhancing flexibility amid rising global demand for hard assets [3] - According to the revised rules by the Securities and Exchange Board of India (SEBI), equity funds can invest up to 35% of their remaining assets in gold, silver, and infrastructure investment trusts (InvITs) [3] - This regulatory change is expected to create new demand sources for gold and silver, attracting strong investor interest during the current bullish market [3] Group 3: A-Share Market Performance - The Shenzhen Composite Index rose by 0.28% in the morning session, while the Shanghai Composite Index fell by 0.08% [4] - The total trading volume in the Shanghai and Shenzhen markets reached 1.6498 trillion yuan, an increase of 117.6 billion yuan compared to the previous day [4] - AI hardware stocks, including CPO, liquid cooling servers, and PCB, saw significant gains following Nvidia's positive earnings report, with several stocks reaching historical highs [4]

Core Viewpoint - The news highlights the proactive measures taken by the State Grid Jining Power Supply Company to support the rapid recovery and growth of various industries in Jining, emphasizing the importance of reliable electricity supply in driving economic development and enhancing productivity across sectors. Group 1: Industrial Recovery and Growth - Jining is focusing on the "one trillion, five-fold increase" goal set by local government, with the power supply as a core element to support the development of key industries like new energy and high-end equipment [1] - The flexible collaborative robots in the Luoshi Robot Industrial Park are operating at full capacity, with a 40% increase in electricity consumption compared to the previous year due to a surge in orders [2] - The Ningde Times new energy battery project is a key part of Jining's 200 billion yuan new energy industry cluster, with the power company providing tailored support to ensure stable operations and rapid production [3] Group 2: Power Supply and Efficiency - The State Grid Jining Power Supply Company is implementing "electricity equipment health checks" and energy efficiency diagnostics to help companies reduce costs and improve efficiency [4] - In the Xihu Precision Company, there has been a 55% increase in orders post-holiday, with daily electricity consumption rising by 42%, showcasing the demand for precision manufacturing [4] - The company has established a dedicated power service team to monitor and optimize electricity supply for precision processing, ensuring stable operations [4] Group 3: Support for New Energy Logistics - The logistics sector is experiencing a revival with the resumption of new energy heavy-duty trucks, leading to a significant increase in electricity demand at charging stations, from 7,980 kWh to 24,190 kWh [5] - The power company has initiated a special power supply plan to ensure the safe and efficient operation of charging facilities, supporting the smooth flow of goods and economic activity [5] Group 4: Agricultural Development and Rural Revitalization - The agricultural sector is also benefiting from reliable electricity supply, with smart greenhouse technologies enhancing the production of seasonal fruits in Qufu City [7] - The power company is actively engaging with agricultural producers to ensure stable electricity supply for temperature control and irrigation systems, which are critical for crop quality [7] - The proactive service approach by the power company is fostering confidence among farmers, contributing to rural revitalization and income generation [7]

公开资料显示，作为此次并购的核心标的，旭升集团在新能源汽车轻量化领域具有行业领先地位。公司 长期从事精密铝合金零部件的研发、生产与销售，并专注于为客户提供轻量化的解决方案，是汽车精密 铝合金零部件龙头企业之一，早在2013年就进入特斯拉供应链，成为其一级供应商。 旭升集团发布的2025年半年度报告显示，其是目前行业内少有的同时掌握压铸、锻造、挤压三大铝合金 成型工艺的企业，并将相关领域的优势逐步延伸至储能、机器人等新兴领域。 将旭升集团收入囊中，是广州工控集团布局新能源汽车产业链的又一落子。南都湾财社此前报道，2025 年5月，主要从事新能源产业链动力电池研发应用的上市公司孚能科技控股股东变更为广州工控集团， 由广州工控集团提名的非独立董事谢勇出任孚能科技董事长。 据悉，广州工控集团正纵深推进"并购2.0"战略，重点聚焦现代高端装备、新能源汽车零部件、金属 （化工）新材料等领域，引导集团控股上市公司开展战略性并购，取得或巩固产业链"链主"地位。此前 广州工控集团曾披露，至2025年前三季度，已立项并购项目4个，除汽车轻量化外，还涉及干线物流服 务等领域。 目前，广州工控集团控股7家上市公司（广日股份、润邦股份 ...

摘要 超充生态协同升级。 800V 高压平台正逐渐从过去的高端配置成为主流标配。 从一组数据来看，相关机构测算 800V 高压平台车型在 2025 年的渗透率已超过 10% ，销量接近 150 万辆，预测在 2026 年实现 15% 的渗 透。 800V 高压平台电车渗透率上扬的同时，电池、超充桩等相关配套也迎来了同步升级。 电池方面 ， 800V 高压平台下选用的主流电池为 5C 电池。小鹏 G9 Max 、蔚来 ET9 、理想 MEGA 、极氪 007/009 、小米 SU7 ultral/YU7 等都搭载了 5C 电池，供应商主要为宁德时代、中创新航、亿纬锂能等头部企业。 进入 2025 年，越来越多的更多主机厂发布 800V 及以上车型。其中， 理想 i6 的爆单，将 5C 超充电池成功切入 20-30 万价格区间纯电 SUV 最大用户画像，也荡起了 5C 超充电池使用磷酸铁锂材料的涟漪。 过去，超充电池为实现更高的倍率，一般采用三元材料体系 。此前，宁德时代三元 6C 电池此前已实现上车、中创新航、亿纬锂能则带来了高镍 6C 大圆柱电池、蜂巢能源则带来了 6C 短刀电池。 如今，随着 3.5-4 代 ...

Core Viewpoint - The article highlights significant trading activities in the Shanghai and Shenzhen stock markets, with a focus on major stocks and sectors that attracted substantial capital inflows and outflows, indicating potential investment opportunities and market trends [1][5]. Group 1: Trading Volume and Major Stocks - The total trading volume for the Shanghai and Shenzhen Stock Connect reached 316.85 billion, with Cambricon Technologies and CATL leading in trading volume for the Shanghai and Shenzhen markets, respectively [1][2]. - The top ten stocks by trading volume in the Shanghai market included Cambricon Technologies (2.32 billion), followed by Zhaoyi Innovation (1.78 billion) and Industrial Fulian (1.62 billion) [3]. - In the Shenzhen market, CATL topped the list with a trading volume of 5.45 billion, followed by Tianfu Communication (3.73 billion) and Shenghong Technology (3.18 billion) [4]. Group 2: Sector Performance - The electronic sector saw the highest net capital inflow of 6.03 billion, indicating strong investor interest [6]. - Other sectors with notable capital inflows included communication (4.66 billion) and machinery equipment (2.69 billion) [6]. - Conversely, the non-ferrous metals sector experienced the largest net outflow of 11.48 billion, followed by the new energy sector (6.60 billion) and cultural media (6.19 billion) [7]. Group 3: Individual Stock Capital Flows - The top stocks with net capital inflows included Huadian Technology (1.58 billion), Shenghong Technology (1.39 billion), and Zhuotong Optoelectronics (1.09 billion) [9]. - On the other hand, the stocks with the highest net outflows were Sunshine Power (-1.99 billion), CATL (-1.91 billion), and Northern Rare Earth (-1.51 billion) [10]. Group 4: ETF Trading Activity - The A500 ETF Fund (512050) had the highest trading volume at 10.70 billion, with a slight increase of 0.50% from the previous trading day [13]. - The Invesco Nasdaq Technology ETF (159509) saw a remarkable trading volume increase of 138.02%, reaching 5.37 billion [14]. Group 5: Institutional and Retail Trading - Institutional trading was notably active, with Huadian Technology experiencing a strong surge, attracting 384 million from three institutions, while CATL faced significant selling pressure with 370 million sold by three institutions [16][17]. - Retail trading also showed high activity, particularly in Huadian Technology, which received 292 million from a prominent retail investor [19].

Core Insights - Jiangsu Yancheng Binhai County Government and CATL signed an investment agreement to establish a green battery manufacturing base, marking the first project from their strategic cooperation initiated in September 2025 [2][6] Group 1: Project Overview - The project will include two main components: the construction of CATL's first "high proportion of green electricity application grid-connected green electricity direct connection system" to significantly reduce carbon emissions during production [2][6] - The base will also create a demonstration production line for export products that meets both "zero-carbon factory" and "lighthouse factory" standards, primarily targeting overseas markets [2][6] Group 2: Location and Resources - The project is located in Yancheng Binhai County, leveraging the area's abundant offshore wind and solar resources [2][6] - Yancheng is recognized as a key hub for renewable energy in Jiangsu, with a projected renewable energy installed capacity exceeding 20 GW by 2025, providing substantial green electricity supply capabilities [2][6] Group 3: Future Plans - The parties plan to use the base as a core to develop a national-level zero-carbon industrial park, attracting upstream and downstream companies in battery materials, structural components, and recycling [3][7] - They will explore integrated operations of "source-grid-load-storage" to enhance green electricity consumption efficiency [3][7] - Although specific investment amounts and production capacities were not disclosed, the project is positioned as a significant export manufacturing node for CATL in East China, with future products likely to supply the European market [3][7]

Core Insights - The National Energy Administration has announced the first batch of pilot projects for enhancing the construction capacity of new power systems, including seven energy storage-related projects primarily focused on grid-structured technology applications [1][2]. Group 1: Pilot Projects Overview - Seven energy storage projects have been selected, with six focusing on grid-structured technology applications, located in Inner Mongolia, Zhejiang, Anhui, Yunnan, Shanxi, and Gansu [1][2]. - Key project units involved include China Energy Construction, State Power Investment Corporation, Huaneng, NARI Technology, Southern Power Grid Energy Storage, Wuqing Economic Cooperation Green Energy Technology Co., Ltd., and Juhua New Energy [1][2]. Group 2: Specific Project Details - The Baotou City dual-good grid-structured energy storage project has a planned total capacity that includes both renewable energy and new energy storage, utilizing low-voltage centralized grid technology with a single unit capacity of 30MW and a total scale of 102,000 kW/408,000 kWh [3][14]. - The Zhejiang Longyou shared energy storage project has a total scale of 80MW/160MWh, featuring a dedicated 10MW/20MWh grid-structured unit, providing flexible and stable shared power services to multiple park enterprises, with a 30% increase in equipment utilization and a cost per kilowatt-hour reduced to below 0.2 yuan [3][15]. - The Yunnan Wenshan Qiubei independent energy storage project leads with a scale of 200MW/400MWh, employing cold plate liquid cooling technology and including a 20MW/40MWh sodium-ion battery system, marking it as the first large-scale lithium-sodium hybrid grid-structured energy storage station in the country [3][15]. - The Shaanxi Wuqing Economic Cooperation grid-structured energy storage project is located in the Loess Plateau at an altitude of 1550-1625 meters, covering approximately 90 acres, and includes 75 integrated boost conversion machines and 150 energy storage battery warehouses [3][15]. - The Gansu Juhua New Energy (Yumen) 1GW wind farm project will cover an area of 15.5620 hectares, with a total installed capacity of 1GW and a supporting energy storage system capacity of 150MW/600MWh [3][15].

日前，蔚来联合创始人、总裁秦力洪公布蔚来和乐道品牌新车规划，按照发布时间排序，分别为乐道L80、蔚来 ES9、全新蔚来ES7以及全新蔚来ES6。 乐道L80预计4月20日前后举办产品技术发布会，5月中旬公布价格并开启交付； 蔚来ES9预计4月10日前后召开产品技术发布会，5月底上市公布价格，并于6月1日开启交付； 全新蔚来ES7预计将于7、8月开启交付； 而全新蔚来ES6预计将于明年下半年正式发布。 动力方面，工信部申报车型搭载了前后双电机，最大功率分别为180kW和340kW，综合功率520kW，综合扭矩 700N·m，与全新ES8保持一致。 电池方面则来自宁德时代。 根据申报信息显示，新车将配备102kWh电池组，纯电续航里程分别为620km、600km、580km。 全新蔚来ES7与蔚来ES6都将基于蔚来最新的三代平台打造，外观设计也将与目前的三代造型全面接轨，并搭载蔚 来最新的世界模型辅助驾驶系统（配图为现款ES6）。 乐道L80即乐道L90五座版，新车售价将高于L60低于L90。 从此前曝光的路试谍照来看，乐道L80虽然还有伪装，但依然能看出继续采用了乐道家族标志性的前脸设计。 时下较为流行的封闭式 ...