来源：新浪证券-红岸工作室 12月31日，华宝新能跌1.84%，成交额1.05亿元，换手率2.38%，总市值100.57亿元。 异动分析 钠离子电池+锂电池概念+BC电池+储能+人民币贬值受益 1、2023年7月11日互动易：公司与中比新能源达成战略合作，将依托双方的行业技术优势，共同开发钠 离子电池，探索钠离子电池在终端产品的应用。 2、公司主要从事锂电池储能类产品及其配套产品的研发、 生产及销售， 属于锂电池储能行业。 3、2023年9月8日互动易：公司便携太阳能产品均使用BC类电池，目前采用全球最先进的IBC电池技 术，拥有行业领先的高达25%的转换效率。 4、自2011年成立以来，公司一直聚焦于锂电池储能领域。在设立之初，公司以充电宝的ODM业务为 主，随着业务的持续发展，公司在锂电池电源管理、工业设计、结构设计等方面的技术积累不断加深， 并积累了松下、LG化学、比克电池、安富利等高质量的供应商资源，拓展了包括特斯拉、宝马、超霸 电池、DSG、ClasOhlson等知名客户，产供销体系日益完善，公司实力逐步增强。 5、根据2024年年报，公司海外营收占比为95.09%，受益于人民币贬值。 (免责声明： ...

Investment Rating - The investment rating for the company is "Buy" and it is maintained [6]. Core Insights - On December 29, 2025, the company successfully delivered its first pure electric mining dump truck LK220E and signed a procurement contract for electric mining trucks with Tibet Giant Dragon Copper [2][4]. - The electric mining truck's total lifecycle cost is significantly better than traditional fuel mining trucks, helping reduce carbon emissions and operational costs for Zijin Mining [2]. - The company is entering a performance acceleration period in green electricity starting from Q2, with good sales in energy storage and stable flue gas order scale, while actively expanding into new areas such as sodium-ion batteries [2]. Summary by Relevant Sections Event Description - The first pure electric mining dump truck LK220E was delivered on December 29, 2025, and a procurement contract was signed with Tibet Giant Dragon Copper [4]. Business Performance - The electric mining truck can reduce carbon emissions by over 120 tons annually per unit and lower the cost per ton-kilometer by over 30% compared to traditional fuel trucks, providing both environmental and economic benefits [10]. - The green electricity business reported a net profit of nearly 170 million yuan in the first three quarters, with stable operations in various projects [10]. - The company has a stable order scale in flue gas treatment, with new orders amounting to 7.626 billion yuan in the first three quarters, showing a year-on-year increase of 1.09% [10]. Financial Forecast and Valuation - The company is expected to achieve net profits attributable to shareholders of 1.103 billion yuan, 1.408 billion yuan, and 1.705 billion yuan for the years 2025 to 2027, representing year-on-year growth rates of 32.8%, 27.7%, and 21.0% respectively [10]. - The corresponding PE valuations are projected to be 18.7x, 14.6x, and 12.1x for the same years [10].

12月30日，华宝新能涨0.00%，成交额1.55亿元，换手率3.48%，总市值102.45亿元。 来源：新浪证券-红岸工作室 区间今日近3日近5日近10日近20日主力净流入-410.71万1129.34万474.40万923.72万-990.33万 异动分析 钠离子电池+锂电池概念+BC电池+储能+人民币贬值受益 1、2023年7月11日互动易：公司与中比新能源达成战略合作，将依托双方的行业技术优势，共同开发钠 离子电池，探索钠离子电池在终端产品的应用。 2、公司主要从事锂电池储能类产品及其配套产品的研发、 生产及销售， 属于锂电池储能行业。 3、2023年9月8日互动易：公司便携太阳能产品均使用BC类电池，目前采用全球最先进的IBC电池技 术，拥有行业领先的高达25%的转换效率。 4、自2011年成立以来，公司一直聚焦于锂电池储能领域。在设立之初，公司以充电宝的ODM业务为 主，随着业务的持续发展，公司在锂电池电源管理、工业设计、结构设计等方面的技术积累不断加深， 并积累了松下、LG化学、比克电池、安富利等高质量的供应商资源，拓展了包括特斯拉、宝马、超霸 电池、DSG、ClasOhlson等知名客户，产供 ...

文 | 中关村储能产业技术联盟 12月28日消息，宁德时代供应商大会在福建宁德举行。宁德时代称，2026年将在换电、乘用车、商用车、 储能等领域大规模应用钠电池 ，有望 形成 "钠锂双星闪耀" 的新趋势。 2025年4月21日，宁德时代发布钠新电池，这是全球首款大规模量产的钠离子电池， 突破了材料本身的性能边界，首次将钠离子电池推向大规模 量产，凭借钠的本征安全和丰富储量，将有效降低对锂资源的依赖。 钠新电池包含两类产品，分别是钠新乘用车动力电池和钠新24V重卡启驻一体蓄电池，均可实现零下40℃至零上70℃的全温域适配，重新定义了 电池的极限温域。 钠新乘用车动力电池的能量密度达175Wh/kg，为当前全球钠电最高，比肩磷酸铁锂电池。宁德时代钠新24V重卡启驻一体蓄电池，使用寿命突破 8年，全生命周期总成本较传统铅酸蓄电池降低61%。 作为备受瞩目的新型储能技术，钠离子电池凭借其独特性能优势，正加速迈向规模化应用。 在2025年召开的" 钠离子电池产业链与标准发展论坛 "上， 中国科学院院士、新基石研究员、清华大学化学系教授 李景虹曾 指出 ，钠离子电池 是绿色能源的重要发展方向，应扬长避短， 充分发挥其功率 ...

每经AI快讯，有投资者在投资者互动平台提问：公司在钠电池领域的市场份额占比、产品丰富程度以 及技术储备如何？ （记者 王晓波） 先导智能（300450.SZ）12月29日在投资者互动平台表示，公司具备钠离子电池智造整线全流程交付能 力，拥有100%自主知识产权，在钠电设备领域份额领先、产品覆盖全形态、技术适配性强，已批量服 务国内外头部企业。 ...

Market Overview - The Hong Kong stock market opened higher on December 29, with the Hang Seng Index rising by 0.43% to 25,928.89 points, the Hang Seng Tech Index increasing by 0.88% to 5,547.79 points, and the China Enterprises Index up by 0.59% to 8,967.79 points [1] - Major technology stocks mostly advanced, with Alibaba up 0.75%, Tencent Holdings up 0.5%, and JD Group up 0.53%. However, Xiaomi Group fell by 1.38% [1] - Automotive stocks showed strong performance, with Xpeng Motors rising over 5% and Li Auto increasing over 4% [1] - Wind power stocks generally rose, with Goldwind Technology increasing over 12% [1] - Semiconductor stocks were strong, with Shanghai Fudan rising by 12.9% [1] Company News - Bank of China completed the issuance of 50 billion yuan in subordinated capital bonds to supplement its Tier 2 capital [2] - Huadian International Power's Longkou Phase IV project has successfully commissioned two 660,000 kW ultra-supercritical units, enhancing the stability of the Shandong power grid and local heating and industrial steam supply [3] - Green Leaf Pharmaceutical granted Enhua exclusive commercialization rights for three long-acting injectable antipsychotic products in mainland China [4] - Hengrui Medicine's SHR-A1904 injection has been included in the list of breakthrough therapeutic varieties by the drug review center [5] - Youzhiyou Biotech's Y225 (Aimeisai monoclonal antibody injection) has received IND approval from NMPA [6] - MicroPort Robotics has achieved over 100 global commercial installations of its Tumi laparoscopic surgical robot [7] - Energy International Investment plans to issue a total of 1.035 billion subscription shares at a discount of approximately 18.33%, raising about 254 million HKD [9] - Tencent Holdings repurchased 1.056 million shares for approximately 636 million HKD at prices between 598 and 604 HKD [10] - Xiaomi Group repurchased 3.8 million shares for approximately 149 million HKD at prices between 39.08 and 39.26 HKD [11] - COSCO Shipping Holdings repurchased 1.96 million shares for approximately 27.225 million HKD at prices between 13.82 and 13.95 HKD [12] - Kuaishou Technology repurchased 464,000 shares for approximately 29.9896 million HKD at prices between 64.05 and 64.9 HKD [13] Institutional Insights - CITIC Securities noted that Hong Kong insurance stocks have performed in line with the market this year, but their fundamentals are significantly better than the overall market, indicating potential for valuation recovery [14] - Zhongyin International highlighted that the core logic driving silver prices has shifted from financial attributes to strong industrial demand driven by green energy transition and AI revolution, suggesting a solid long-term upward basis for silver [15] - Wanlian Securities observed that China's consumption is entering a new phase characterized by a pursuit of cost-effectiveness in mass-market products while consumers are willing to pay a premium for innovative products and services [15] -招商证券 reported that sodium-ion battery costs have rapidly decreased, with expanding applications in various markets, indicating a potential shift towards large-scale adoption [16]

每经AI快讯，有投资者在投资者互动平台提问：同兴皓升（宜宾）新能源科技有限公司一期年产1万吨 钠离子电池正极材料及配套设施项目备案获四川屏山县发改委批复，这个是真的吗？ 同兴科技（003027.SZ）12月29日在投资者互动平台表示，1万吨钠离子电池正极材料及配套设施项目的 项目备案已经获得批复。 （文章来源：每日经济新闻） ...

Core Viewpoint - The article discusses the recent developments in the sodium-ion battery industry, particularly focusing on Xinsen Carbon Industry's IPO and its role in producing hard carbon materials, which are crucial for sodium-ion batteries [2]. Group 1: Company Overview - Xinsen Carbon Industry has submitted its IPO application, with its main business being the research, production, and sales of high-performance porous carbon materials [2]. - The company’s hard carbon products are designed to meet the performance standards of imported products from Japan, utilizing raw materials such as palm shells, bamboo, coconut shells, and fruit shells sourced from multiple bases in Fujian and Jiangxi [2]. Group 2: Market Position and Collaborations - Hard carbon accounts for 97.5% of the total production in the sodium-ion battery sector, indicating its dominance as a negative electrode technology [2]. - Xinsen Carbon has signed a strategic cooperation agreement with Zhongna Energy for the mass production of sodium-ion battery negative materials [2]. Group 3: Industry Trends and Challenges - The sodium-ion battery industry is facing engineering challenges, particularly in the development of negative materials, which are considered a significant technical bottleneck [2]. - Current raw material sourcing for sodium-ion negative materials is heavily reliant on coconut shells, which is affected by overseas imports. The industry is exploring alternatives such as bamboo carbon and coal-based materials [2]. Group 4: Production Capacity and Developments - Domestic high-capacity hard carbon has reached a specific capacity of 300-330 mAh/g, nearing international levels, with production capacity rapidly increasing from thousands of tons to tens of thousands of tons [2]. - In March, the first phase of a project by Baisige to produce 20,000 tons of sodium-ion hard carbon negative materials commenced trial production [3]. Group 5: Future Prospects - By 2025, Baisige has secured nearly 100,000 tons of cooperation orders for sodium-ion hard carbon negative materials, including a significant order from Chaowei for over 30,000 tons [4]. - The production capacity planning for sodium-ion negative materials has exceeded several hundred thousand tons, with new projects being initiated, such as a 50,000-ton capacity facility in Guangxi [5]. Group 6: Technological Developments - The acceleration of sodium-ion negative material industrialization is not in conflict with the emerging anode-free technology, as both can complement each other in advancing sodium battery technology [6].

12月24日，鼎胜新材盘中下跌2.07%，截至10:55，报13.74元/股，成交2.74亿元，换手率2.12%，总市值 127.68亿元。 资金流向方面，主力资金净流出2800.10万元，特大单买入338.29万元，占比1.23%，卖出1585.61万元， 占比5.79%；大单买入4173.06万元，占比15.23%，卖出5725.84万元，占比20.89%。 责任编辑：小浪快报 截至12月20日，鼎胜新材股东户数4.28万，较上期减少16.89%；人均流通股21711股，较上期增加 20.33%。2025年1月-9月，鼎胜新材实现营业收入196.04亿元，同比增长11.29%；归母净利润3.07亿元， 同比增长36.61%。 分红方面，鼎胜新材A股上市后累计派现9.47亿元。近三年，累计派现7.20亿元。 机构持仓方面，截止2025年9月30日，鼎胜新材十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持股1069.03万股，相比上期增加184.21万股。 鼎胜新材今年以来股价涨57.03%，近5个交易日涨9.31%，近20日涨3.62%，近60日涨31.74%。 今年以来鼎胜新材已经1次登上龙虎 ...

12月24日，派能科技盘中上涨2.01%，截至10:38，报58.28元/股，成交1.42亿元，换手率1.00%，总市值 143.00亿元。 资金流向方面，主力资金净流入311.71万元，特大单买入1247.69万元，占比8.78%，卖出1516.48万元， 占比10.67%；大单买入3709.09万元，占比26.10%，卖出3128.59万元，占比22.01%。 派能科技今年以来股价涨47.13%，近5个交易日涨3.30%，近20日涨1.15%，近60日涨0.69%。 今年以来派能科技已经1次登上龙虎榜，最近一次登上龙虎榜为9月30日，当日龙虎榜净买入1.11亿元； 买入总计3.31亿元 ，占总成交额比18.63%；卖出总计2.21亿元 ，占总成交额比12.40%。 截至9月30日，派能科技股东户数2.65万，较上期增加30.29%；人均流通股9272股，较上期减少 23.25%。2025年1月-9月，派能科技实现营业收入20.13亿元，同比增长42.52%；归母净利润4785.15万 元，同比增长28.05%。 分红方面，派能科技A股上市后累计派现8.53亿元。近三年，累计派现6.72亿元。 机构持仓方面 ...