8月21日晚，万里扬（002434）披露2025年半年报。今年上半年，公司实现营业收入28.12亿元，同比增 长2.69%；实现归母净利润2.77亿元，同比增长50.24%；经营活动产生的现金流量净额为2.9亿元，同比 增长220.35%；基本每股收益0.21元。 万里扬主要业务为汽车零部件业务和新型储能业务。今年上半年，公司汽车变速器及配件，实现营业收 入25.2亿元，同比增长5.34%；储能及电力交易业务实现营业收入1.27亿元，同比增长96.27%。 据悉，万里扬是国内首家实现产品覆盖商用车、乘用车两大市场，已实现了手动变速器和自动变速器研 发、生产的企业。目前，公司已形成年产110万台商用车变速器、130万台乘用车变速器和35万台新能源 纯电动汽车EV减速器的综合能力。公司CVT产品被评为"中国十佳变速器"和"世界十佳变速器"。 近年来，为应对新能源汽车快速发展的大趋势，万里扬还着力推动EV减速器、"三合一"和"多合一"电 驱动系统、ECVT电驱动系统、乘用车DHT混动系统、商用车混动系统和电驱动系统等新能源汽车传/驱 动系统产品的研发和产业化。同时，重点布局发展非公路传/驱动系统产品，以进一步扩大业 ...

上海派能能源科技股份有限公司 关于 2025 年度"提质增效重回报"行动方 案的半年度评估报告 为深入贯彻落实《关于深化科创板改革服务科技创新和新质生产力发展的八 条措施》精神，基于对公司行业前景与未来发展的信心和对公司长期投资价值的 认可，上海派能能源科技股份有限公司（以下简称"派能科技""公司"）在全面评 估 2024 年度"提质增效重回报"行动方案落实成效的基础上，制定并于 2025 年 4 月 12 日披露了《2025 年度"提质增效重回报"行动方案》 （以下简称《行动方案》）。 对性开展相关工作。为进一步提升行动质效，公司对各项工作的执行情况进行了 半年度评估，具体报告如下： 一、 提升经营质量，夯实发展基础 公司是行业领先的储能系统提供商，通过长期自主研发掌握磷酸铁锂电芯、 模组、电池管理系统、储能系统集成等全产业链核心技术。公司产品综合性能优 异，具有循环寿命长、安全可靠性高等技术优势，贴合电化学储能应用场景的核 心需求。此外，公司产品具有模块化设计和灵活配置的技术优势，能够支持为各 类复杂应用场景打造一站式储能解决方案，满足各种储能应用场景的使用需求。 破、产能运营升级、人才团队建设及品牌价值 ...

Group 1 - The core viewpoint of the article highlights the recent contracts and developments in the energy storage sector, particularly focusing on the achievements of Zhiguang Electric and Kelu Electronics in securing significant procurement contracts [2][3][4][5][6]. Group 2 - Zhiguang Electric's subsidiary signed a procurement contract worth 186 million yuan for a high-voltage cascade grid-connected energy storage system [3]. - In addition to the recent contract, Zhiguang Electric's subsidiary also secured a sales contract valued at 204 million yuan for energy storage system equipment, totaling 390 million yuan in contracts within ten days [4]. - The company has signed large-scale energy storage projects across various regions, with a total project scale exceeding 4.4 GWh, including over 2.7 GWh for cascade high-voltage direct-connected storage projects [4]. Group 3 - Kelu Electronics has won multiple energy storage project bids, including framework procurement for 350 MWh and 200 MWh systems, and is expanding into international markets such as Greece, Czech Republic, and Poland [5][6]. - The company's energy storage business generated revenue of 1.282 billion yuan in the first half of the year, accounting for 49.83% of total revenue, with a gross margin of 32.95% [6]. - Kelu Electronics is constructing a storage production base in Indonesia with an initial planned capacity of 3 GWh, expected to commence production in 2026 [6]. Group 4 - The energy storage industry is transitioning from policy-driven to market-driven growth, necessitating a focus on technology development, cost control, and service quality [7]. - Emerging markets in the Middle East, Latin America, and Africa are expected to become growth points for energy storage, driven by energy transition and reliability needs [7].

Core Viewpoint - The new energy storage market in China is experiencing rapid growth, with installed capacity reaching 94.91 million kilowatts (22.2 billion kilowatt-hours) in the first half of the year, driven by policy support and market demand, indicating a shift towards high-quality development in the industry [1][2]. Group 1: Industry Growth - The installed capacity of new energy storage in China increased by approximately 29% compared to the end of 2024, with over 40% of the global total capacity [2]. - The policy framework for new energy storage has been continuously improved, with several initiatives aimed at guiding the scientific development of the industry [2]. - Various technological routes, including solid-state lithium batteries and sodium batteries, are advancing rapidly, pushing the industry to a higher level [2][3]. Group 2: Profitability and Market Performance - The profitability of new energy storage companies has significantly improved, with five out of eight listed companies forecasting positive earnings, including a projected net profit increase of 810.41% to 1265.61% for Shanshan Co., Ltd. [4]. - The demand for energy storage batteries has led to high capacity utilization rates, with some companies experiencing supply shortages [4]. - Chinese energy storage companies are expanding internationally, with a 246% year-on-year increase in overseas orders, covering over 50 countries [4]. Group 3: Capital Market Engagement - The new energy storage sector has attracted significant attention from the capital market, with 20 companies accelerating their IPO processes and raising over 108.93 billion yuan [5]. Group 4: Transition from Policy to Market Driven - The industry is transitioning from being policy-driven to market-driven, with new regulations removing storage configuration as a prerequisite for new energy projects [6][7]. - The focus is shifting from scale expansion to value cultivation, emphasizing system-level solutions and high-quality development [7]. - Companies are encouraged to enhance their technological capabilities and explore diverse business models to support industry growth [7][8].

"136号文"取消强制配储后，新能源与储能如何协同发展？储能价值如何重构？第十届储能西 部论坛上，来自政府、电网、科研院所及产业链企业的500余位代表就此展开了深度探讨。" 大咖云集 政产学研各界领军人物汇聚 中国能源研究会理事长 史玉波 （线上），国家能源局科技装备司能效与储能处处长 徐 梓铭 ，中国科学院院士、清华大学教授 欧阳明高 ，中国科学院工程热物理研究所所 长、中国能源研究会储能专委会主任委员、中关村储能产业技术联盟理事长 陈海生 ， 内蒙古电力（集团）有限责任公司副总经理 王立新 ，南网储能公司董事长、党委书记 刘国刚 ，内蒙古北宸智库研究中心理事长 蔡常青 ，内蒙古大青山实验室有限公司董事 长 曹斌 ，内蒙古储能产业促进会理事长 郑丽娜 ； 以及中国能源研究会储能专委会专家：南方电网公司储能与新能源大科研团队荣誉主任 委员 郑耀东 ，国网电力调度控制中心原副总工程师 裴哲义 ，中国电力科学研究院资 深专家 来小康 ，内蒙古电力（集团）原副总工程师、国务院特殊津贴专家 岳建华 ； 同时联盟副理事长：中关村储能产业技术联盟常务副理事长 俞振华 ，厦门科华数能科 技有限公司总裁 崔剑 ，华能清洁能源 ...

Core Viewpoint - The new energy storage industry in China has experienced significant growth, with the cumulative installed capacity surpassing 100GW for the first time by mid-2025, reflecting a year-on-year increase of 110% and a 32-fold increase compared to the end of the 13th Five-Year Plan period [11][12][22]. Group 1: New Energy Storage Project Scale - As of mid-2025, China's cumulative installed capacity of new energy storage reached 101.3GW, with a year-on-year growth of 110% [11]. - The total installed capacity of electric power storage in China reached 164.3GW, showing a year-on-year increase of 59% [12]. - The market share of pumped storage has dropped below 40% for the first time, while lithium-ion batteries have seen exponential growth, indicating a shift towards diversification in technology routes [12][22]. Group 2: New Energy Storage Bidding Market - The bidding market for new energy storage has shown remarkable growth, particularly in the storage system bidding scale, which increased by 264% year-on-year to reach 86.2GWh [34]. - The collective procurement and framework procurement bidding scale surged by 618%, accounting for a significant portion of the total bidding market [34][44]. - The number of new energy storage projects added in the first half of 2025 was 2,797, with a total capacity of 193.5GW [16]. Group 3: New Energy Storage Industry Development - The application structure has shifted from user-side storage (35%) to independent storage (55%), with a notable decline in frequency regulation and user-side applications [13]. - The number of newly operational new energy storage projects increased by 55% year-on-year, with significant growth in projects over 100MW, which rose by 75% [17]. - The first gigawatt-level all-vanadium flow battery storage project has been put into operation, marking a breakthrough in non-lithium storage technology [23]. Group 4: New Energy Storage Policies and Returns - In the first half of 2025, the number of newly released policies remained high, with a focus on power market policies and an increase in management regulations, reflecting a heightened emphasis on safety [85]. - The introduction of the 136 document by the National Development and Reform Commission aims to promote market-driven development of new energy storage, impacting the revenue of independent storage significantly [87][88]. - The policy environment is being shaped to foster a sustainable pricing mechanism and encourage technological and industrial upgrades in the storage sector [91][92]. Group 5: New Energy Storage Market Outlook - The market for new energy storage is expected to continue its rapid growth, with projections indicating that the cumulative installed capacity could exceed 200GW by 2030 [108]. - The industry is anticipated to shift towards high-quality development driven by market demands, with a focus on innovative business models and applications in zero-carbon parks and green electricity connections [91][92]. - The competitive landscape is evolving, with a growing emphasis on the value of storage capacity and collaboration with other regulatory resources [92].

Core Viewpoint - Energy storage is a crucial component for ensuring energy security and achieving the "dual carbon" goals in China, with significant advancements in new energy storage technologies and applications [2][3]. Group 1: Industry Development - By the end of 2024, China's new energy storage installed capacity is expected to account for over 40% of the global total installed capacity, with a steady increase in operational levels supporting the construction of a new power system [2]. - In the first half of this year, the installed capacity of new energy storage reached 94.91 million kilowatts (22.2 billion kilowatt-hours), representing a growth of approximately 29% compared to the end of 2024 [2]. - Key regions such as Inner Mongolia and Xinjiang have installed capacities exceeding 10 million kilowatts, while Shandong, Jiangsu, and Ningxia have capacities exceeding 5 million kilowatts [2]. Group 2: Application and Impact - The application effects of new energy storage are becoming increasingly evident, as demonstrated by the successful operation of a 2000-kilowatt storage project by Zhejiang Yulong Biotechnology Co., which can balance grid load effectively [2]. - The optimization of charging and discharging strategies in energy storage projects is expected to reduce peak demand by approximately 540 megawatt-hours [3]. - New energy storage has played a significant role in ensuring power supply during periods of high electricity demand, particularly during the recent heatwaves [3]. Group 3: Technological Innovation - The development of long-duration energy storage technologies is emphasized as essential for addressing the challenges of energy transition and maximizing the utilization of renewable energy [3][4]. - Companies are focusing on the research and development of long-duration energy storage cells that offer advantages such as high capacity, long lifespan, and low cost, with some products boasting a cycle life exceeding 11,000 times [4]. - The National Energy Administration plans to expand the application scenarios for new energy storage and enhance market mechanisms to promote high-quality development in the industry [4].

储能是保障能源安全、实现"双碳"目标的关键一环。国家能源局近日发布的《中国新型储能发展报告 （2025）》显示，截至2024年底，我国已建成投运新型储能装机规模占全球总装机比例超40%。新型储 能技术路线"百花齐放"，涵盖全球工程应用的主要技术路线，调度运用水平稳步提高，有力支撑新型电 力系统建设。 在山东菏泽，一座长时储能全产业链一体化零碳产业基地正加快建设。"我们研发生产的长时储能电芯 具有超大容量、超长寿命、超高安全、超低成本等优势，循环寿命超1.1万次。"厦门海辰储能科技股份 有限公司联合创始人、总裁王鹏程表示。 为实现储能行业可持续发展，远景高级副总裁、远景储能总裁田庆军提到，企业要坚守质量底线，关注 产品研发和创新，提升产品质量和安全性。 边广琦表示，国家能源局将进一步拓展新型储能应用场景，提升调度运用水平，加快完善市场机制，推 动新型储能产业高质量发展。 （文章来源：经济日报） 装机规模快速增长的同时，新型储能应用效果逐步显现。近日，在供电公司指导下，浙江宇龙生物科技 股份有限公司2000千瓦储能项目顺利投运。该项目可实现每日2次充放电，高峰时段能持续放电4小时， 可有效平衡电网负荷。 国网嘉兴 ...

智通财经记者｜马悦然 今年上半年，中国新型储能发展迅猛。 8月19日，在内蒙古呼和浩特举办的第十届储能西部论坛上，中关村储能产业技术联盟(CNESA)理事长、中国科学院工程热物理研究所所长陈海生发表《新 型储能产业发展现状及趋势》主旨报告，并发布了2025年上半年储能行业数据。 根据CNESA DataLink全球储能数据库的不完全统计，截至2025年6月底，中国电力储能累计装机规模164.3 GW，同比增长59%。 陈海生在会上称，今年是"十四五"的收官之年，与"十三五"末相比，储能技术路线结构发生显著变化。 其中，抽水蓄能占比首次低于40%，以锂电池为代表的新型储能实现跨越式增长，占比约60%。此外，单一路线向多元路线化加速发展。 值得注意的是，截至2025年上半年，中国新型储能累计装机规模达到101.3 GW，同比增长110%，首次突破100 GW，是"十三五"时期末的32倍，约相当于 4.4个三峡水电站的装机容量。 图片来源：CNESA 中国新型储能累计装机规模 今年上半年，国内新增投运新型储能项目装机规模23.03 GW/56.12 GWh，功率规模和能量规模均同比增长68%。 CNESA Data ...

记者从南方电网储能股份有限公司了解到，截至8月15日，我国首个大型锂钠混合储能站——南方电网 宝池储能站充放电量突破1亿千瓦时，有效发挥新型储能前沿技术对新能源高占比电网的保障作用，为 电力系统迎峰度夏负荷调节和新能源消纳提供有力支撑。 今年5月，占地约50亩的宝池储能站在云南文山投产，规模200兆瓦/400兆瓦时，装有52套可独立接受电 网调度的储能系统。"宝池储能站投产以来充放电量达到1.03亿千瓦时，累计启动272次，长期保持着单 日'两充两放'的高频次调用。特别是迎峰度夏期间，电站每天处于高功率运行状态，助力周边30多个风 电、光伏等新能源厂站发出的绿电稳定接入电网，相当于给电力系统增加了40万台家用空调同时开启的 调节能力。"宝池储能站站长王辉介绍。 作为我国新型储能试点示范项目，宝池储能站不仅首次实现锂、钠两种不同电力储能材料的同站性能对 比，还应用了5种差异化的构网型储能技术路线，创下自主研制应用"全球首套构网型钠离子储能系 统""全球最大单机高压直挂式构网型储能系统"等多项世界第一，推动我国储能新技术加快由试点示范 迈向成熟应用。 "我们把宝池储能站打造为服务新能源并网的'构网储能技术大擂台' ...