Core Viewpoint - Shanghai PAI Neng Energy Technology Co., Ltd. has announced a change in its continuous supervision sponsor representatives due to the work transfer of the original representative, Luo Guijun [1][2]. Group 1: Change of Sponsor Representatives - Luo Guijun will no longer serve as the continuous supervision sponsor representative for the company's initial public offering (IPO) and the 2022 private placement of A-shares due to a work change [2]. - Yang Enliang has been appointed to replace Luo Guijun as the sponsor representative for the IPO, while Wang Qiuyun will take over for the 2022 private placement [2]. - After the change, the sponsor representatives for the IPO will be Liu Jianliang and Yang Enliang, while for the 2022 private placement, they will be Yang Enliang and Wang Qiuyun [2]. Group 2: Acknowledgment of Previous Representative - The company's board of directors expressed sincere gratitude for the work done by Luo Guijun during his tenure as the sponsor representative [3]. Group 3: Background of New Representatives - Yang Enliang holds a master's degree in finance and is currently a senior vice president at CITIC Securities Investment Banking Business Management Committee, with experience in various IPO and refinancing projects [5]. - Wang Qiuyun also holds a master's degree in finance and serves as a senior vice president at CITIC Securities Investment Banking Business Management Committee, with a background in similar projects [6].

公司董事会对罗贵均先生在担任公司保荐代表人期间所做的工作表示衷心 感谢。 附件 2：王秋韵先生简历 特此公告。 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。 附件：保荐代表人简历 附件 1：杨恩亮先生简历 上海派能能源科技股份有限公司（以下简称"公司"）于近日收到中信建投 证券股份有限公司（以下简称"中信建投"）出具的《关于变更上海派能能源科 技股份有限公司持续督导保荐代表人的函》，作为公司首次公开发行股票并在科 创板上市项目（以下简称"首发项目"）及 2022 年度向特定对象发行 A 股股票 （以下简称"定增项目"）的保荐人，中信建投原委派罗贵均、刘建亮为公司首 发项目持续督导保荐代表人，罗贵均、杨恩亮为公司定增项目的持续督导保荐代 表人。 保荐代表人，金融硕士，现任中信建投证券投资银行业务管理委员会高级副 总裁。曾主持或参与的项目有：威尔药业、东岳硅材、派能科技、通则康威等公 司 IPO 项目，光莆股份、锦泓集团、派能科技等再融资项目，以及多个拟 IPO 项目的改制辅导、上市公司的资本运作等工作。 原保荐代表人罗贵均 ...

Investment Rating - The report maintains a recommendation for the solar industry [6] Core Viewpoints - August silicon material production is expected to increase month-on-month, while module production may see a slight decrease [12][13] - The price of silicon materials has shown a narrowing increase, with N-type recycled material averaging 47,100 CNY/ton, up 0.64% month-on-month, and N-type granular silicon at 44,300 CNY/ton, up 0.68% month-on-month [12][13] - The solar glass inventory has decreased, leading to expectations of price increases for new orders in August [14] Summary by Sections 1. August Production Expectations - Silicon material production is projected to increase by approximately 16% month-on-month, reaching around 125,000 tons [12] - Module production is expected to slightly decline due to cost pressures and cautious sentiment from downstream enterprises [13] 2. Market Review - The industry experienced a 0.46% decline in the comprehensive index, with the electric equipment sector down 2.62% [18] - The top-performing sectors included pharmaceuticals and communications, while real estate and metals faced significant declines [18] 3. Price Trends in the Solar Industry - Silicon material prices: Dense silicon at 44.00 CNY/kg, up 4.76% month-on-month; granular silicon remains stable [42] - Silicon wafer prices: N-type wafers range from 1.20 to 1.55 CNY/piece, with increases of 6.9% to 9.1% month-on-month [42] - Battery prices: TOPCon battery prices increased by 5.6% to 7.4% month-on-month, with current prices at 0.285 to 0.290 CNY/W [47] - Module prices: TOPCon dual-glass modules priced at 0.685 CNY/W, with a slight increase of 0.7% month-on-month [47] - Solar glass prices remain stable, with 3.2mm coated glass priced at 18-19 CNY/m² [55] 4. Industry Valuation - The current PE (TTM) for the electric equipment sector is 26x, with the solar equipment sector at 19x [30][33] - The valuation percentile for the electric equipment sector is 25.3%, while the solar equipment sector is at 17.8% [34][39]

Core Viewpoint - The article discusses the growth and competitive landscape of the home energy storage and portable energy storage markets, highlighting significant trends, forecasts, and the upcoming 2025 forum focused on battery technology and safety [3][4][6]. Home Energy Storage - In 2024, the global home energy storage shipment is projected to reach 27.8 GWh, marking a 19% year-on-year increase, with Chinese companies accounting for 75% of the shipments [3]. - The leading regions for home energy storage consumption include Europe, the USA, Ukraine, Japan, Australia, Africa, the Middle East, ASEAN, and Russia, with Europe being the largest and most mature market. However, growth rates are slowing due to declining electricity prices, while the USA, Ukraine, Australia, South Africa, Nigeria, and Brazil are expected to see faster growth in 2024 [3]. - SPIR forecasts that the global home energy storage market will reach 180 GWh by 2030, representing a 547% increase from 2024 [3]. - The top 10 companies in global home energy storage shipments include Huawei, BYD, Airo Energy, Pylon Technologies, Maidian Energy, Deye, Wotai Energy, Shouhang New Energy, Anker Innovations, and Sanjing Co., Ltd. [3]. Portable Energy Storage - The global portable energy storage shipment is expected to reach 11 million units in 2024, reflecting a 90% year-on-year increase [4]. - The leading regions for portable energy storage consumption are the USA, Europe, Japan, and Ukraine, with the USA being the largest and most mature market due to its outdoor sports culture and developed RV market [4]. - The fastest-growing market in 2024 is Ukraine, driven by energy shortages caused by the Russia-Ukraine conflict, increasing the demand for emergency power solutions [4]. - SPIR predicts that the global portable energy storage market will reach 28 million units by 2030, a 156% increase from 2024, primarily driven by outdoor economy growth, increased penetration of portable power sources, and emergency power needs due to conflicts and extreme weather [4]. - The top 10 companies in global portable energy storage shipments include EcoFlow, BLUETTI, Jackery, Anker, DJI, Goal Zero, Marbero, Bull, Newsmy, and UGREEN [5]. Industry Trends and Challenges - The article notes the emergence of new technologies and materials in battery technology, such as fast charging, solid-state, sodium batteries, and full-tab designs, while also highlighting ongoing safety challenges, particularly concerning power bank safety [5]. - The upcoming forum will focus on high safety standards and building a new ecosystem for home and portable energy storage, bringing together various stakeholders to discuss technical pain points and share innovative solutions [6][10]. Forum Details - The 2025 Peak Forum on Home and Portable Energy Storage Battery Technology will be held on September 26, 2025, in Shenzhen, focusing on high safety and ecosystem building [6][11]. - The forum will feature discussions on various topics, including the design and practice of multi-level safety protection systems for home energy storage, trends in battery technology, and strategies for companies expanding into Southeast Asia and the Middle East [9][10].

证券代码：688063 证券简称：派能科技 公告编号：2025-052 上海派能能源科技股份有限公司 关于变更持续督导保荐代表人的公告 附件：保荐代表人简历 附件 1：杨恩亮先生简历 保荐代表人，金融硕士，现任中信建投证券投资银行业务管理委员会高级副 总裁。曾主持或参与的项目有：威尔药业、东岳硅材、派能科技、通则康威等公 司 IPO 项目，光莆股份、锦泓集团、派能科技等再融资项目，以及多个拟 IPO 项目的改制辅导、上市公司的资本运作等工作。 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。 附件 2：王秋韵先生简历 上海派能能源科技股份有限公司（以下简称"公司"）于近日收到中信建投 证券股份有限公司（以下简称"中信建投"）出具的《关于变更上海派能能源科 技股份有限公司持续督导保荐代表人的函》，作为公司首次公开发行股票并在科 创板上市项目（以下简称"首发项目"）及 2022 年度向特定对象发行 A 股股票 （以下简称"定增项目"）的保荐人，中信建投原委派罗贵均、刘建亮为公司首 发项目持续督导保荐代表人，罗贵均、杨恩亮为公司定 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [5] Core Viewpoints - The report emphasizes the ongoing "anti-involution" trend in the photovoltaic industry, which is expected to drive price increases and improve profitability across the supply chain [16][36] - The energy storage sector is experiencing sustained demand growth, with significant project developments and favorable policy support [39][44] - The lithium battery segment shows stable demand, with advancements in solid-state technology and materials innovation [39][44] - The wind power sector is benefiting from increased offshore project activity and recovery in profitability [39][44] - The power equipment sector is seeing positive developments from high-voltage projects and international demand [39][44] - New directions in AI and robotics are highlighted as emerging investment opportunities, particularly in the context of increased capital expenditure from major manufacturers [39][44] Summary by Sections Photovoltaic - The photovoltaic industry is witnessing a price increase in key materials, with polysilicon prices rising to 49-55 CNY/kg and silicon wafer prices increasing by approximately 0.1 CNY per piece [22][25] - The government is pushing for the elimination of low-price competition and the orderly exit of outdated production capacity, with mergers and acquisitions in the polysilicon sector expected to progress in Q3 [16][36] - Recommended stocks include Tongwei Co., GCL-Poly, LONGi Green Energy, and Aiko Solar [16][36] Energy Storage - In H1 2025, major energy storage projects across 21 regions reached a total capacity of 124 GWh, with significant contributions from Inner Mongolia, Shandong, and Guangdong [41][42] - The report highlights the increasing stability of the energy storage market, with a positive outlook for domestic demand and pricing [39][44] - Recommended stocks include Sungrow Power Supply and Deye Technology [39][44] Lithium Batteries - The lithium battery sector is characterized by stable demand and a focus on solid-state battery technology, with companies like CATL and other second-tier players expected to benefit [39][44] - The report notes the importance of material innovations such as lithium metal anodes and nickel-iron current collectors [39][44] - Recommended stocks include CATL, Xiamen Tungsten, and Putailai [39][44] Wind Power - The offshore wind sector is accelerating project construction, with expectations for increased profitability in the second half of the year [39][44] - Recommended stocks include Mingyang Smart Energy and Zhongji Lingnan [39][44] Power Equipment - The report indicates that high-voltage projects have been approved, with overseas demand expected to rise [39][44] - Recommended stocks include Pinggao Electric and XJ Electric [39][44] New Directions - The report highlights advancements in humanoid robotics and AI applications, with significant capital expenditure from major companies [39][44] - Recommended stocks include Sanhua Intelligent Controls and Zhejiang Rongtai [39][44]

Group 1 - The core viewpoint of the article emphasizes the growth and potential of the home energy storage and portable energy storage markets, highlighting significant increases in shipment volumes and market forecasts for 2024 and beyond [3][4][10] - The global home energy storage shipment volume is projected to reach 27.8 GWh in 2024, with a year-on-year growth of 19%, and China accounting for 75% of this market [3] - The competitive landscape for home energy storage systems is dominated by Chinese companies, with the top 10 global players including Huawei, BYD, and Aier Energy [3] Group 2 - The portable energy storage market is expected to ship 11 million units in 2024, reflecting a remarkable 90% year-on-year growth, with the U.S. being the largest and most mature market [4] - The fastest-growing markets for portable energy storage in 2024 include Ukraine, driven by energy shortages due to the ongoing conflict [4] - The top 10 global portable energy storage companies include EcoFlow, BLUETTI, and Jackery, with significant market presence in the U.S. and Europe [5] Group 3 - The upcoming 2025 Peak Forum on Home and Portable Energy Storage Battery Technology will focus on high safety standards and building a new ecosystem for the industry [6][8] - The forum will feature discussions on various topics, including safety systems for home energy storage and the application of solid-state batteries in portable storage [9][10] - The event is expected to attract over 600 decision-makers from key enterprises and reach more than 20,000 professionals online [10][11]

Group 1 - The core viewpoint of the article emphasizes the growth and potential of the home energy storage and portable energy storage markets, highlighting significant increases in shipment volumes and market forecasts for 2024 and beyond [3][4][10] - The global home energy storage shipment volume is projected to reach 27.8 GWh in 2024, with a year-on-year growth of 19%, and China accounting for 75% of the shipments [3] - The global portable energy storage shipment volume is expected to reach 11 million units in 2024, reflecting a remarkable year-on-year growth of 90% [4] Group 2 - The article outlines the competitive landscape, identifying the top 10 companies in the home energy storage sector, which include Huawei, BYD, and Airo Energy, among others [3] - For portable energy storage, the leading companies include EcoFlow, BLUETTI, and Jackery, with a strong presence in the US and European markets [5] - The article discusses the technological advancements in battery safety and new materials, indicating that the industry faces challenges related to battery safety, prompting the implementation of new national standards for portable power sources [5][6] Group 3 - The upcoming 2025 Peak Forum on Home and Portable Energy Storage Battery Technology will focus on high safety and building a new ecosystem, gathering industry leaders to discuss technological pain points and share innovative results [6][10] - The forum will feature over 30 core topics, including safety challenges and value chain restructuring, with participation from more than 600 key decision-makers and online outreach to over 20,000 professionals [10][11] - The event will take place on September 26, 2025, in Shenzhen, organized by Qidian Lithium Battery and Qidian Research Institute SPIR [11]

Group 1 - The core viewpoint of the article emphasizes the growth and potential of the home energy storage and portable energy storage markets, highlighting significant increases in shipment volumes and market forecasts for 2024 and beyond [3][4][10] - The global home energy storage shipment volume is projected to reach 27.8 GWh in 2024, with a year-on-year growth of 19%, and China accounting for 75% of this market [3] - The global portable energy storage shipment volume is expected to reach 11 million units in 2024, reflecting a remarkable year-on-year growth of 90% [4] Group 2 - The article outlines that by 2030, the global home energy storage market is anticipated to grow to 180 GWh, representing a 547% increase from 2024 [3] - The competitive landscape for home energy storage systems is dominated by Chinese companies, with the top 10 global players including Huawei, BYD, and Airo Energy [3] - The portable energy storage market is also projected to grow significantly, reaching 28 million units by 2030, which is a 156% increase from 2024, driven by outdoor economy development and emergency power needs [4] Group 3 - The upcoming 2025 Peak Forum on Home and Portable Energy Storage Battery Technology will focus on high safety standards and building a new ecosystem for the industry [6][8] - The forum will gather over 600 key decision-makers from the industry, discussing over 30 core topics related to technological breakthroughs and safety challenges [10][11] - The event will feature discussions on the latest trends in battery technology, safety standards, and market strategies for both home and portable energy storage systems [9][10]

| 代码 | 简称 | 今日涨跌 | 今日换手 | 5日均线 | 10日均线 | 5日较10日均线 | 最新价 | 较10日均线乖 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （%） | 率（%） | （元） | （元） | 距离（%） | （元） | 离率（%） | | 002052 | 同洲 | -0.77 | 2.45 | 10.71 | 10.85 | -1.25 | 10.32 | -4.85 | | | 电子 | | | | | | | | | 002989 | 中天 | -0.77 | 2.14 | 32.36 | 32.71 | -1.07 | 31.12 | -4.87 | | | 精装 | | | | | | | | | 603983 | 丸美 生物 | -2.64 | 0.70 | 39.79 | 40.17 | -0.93 | 38.69 | -3.68 | | | 格科 | | | | | | | | | 688728 | 微 | 0.46 | 0.48 | 15.71 | 15.82 | -0.68 ...