市场人士王章亮认为，若量能不足，后续或回踩10日均线3430点。具体板块方面，关注半导体设备 龙头及材料环节。AI硬件与消费电子也可关注，苹果折叠屏研发催化产业链，叠加15%的AI眼镜补 主力资金早间净流入计算机、基础化工等板块，净流出银行、电子等板块。 具体到个股来看，华峰超纤、海联金汇、华银电力获净流入8.46亿元、7.97亿元、7.95亿元。 净流出方面，贵州茅台、宁德时代、中国神华遭抛售6.29亿元、4.03亿元、3.69亿元。 机构观点 2025.07. 07 作者 | 一财资讯 截至午盘，沪指报3465.05点，跌0.21%，深成指报10434.83点，跌0.7%，创业板指报2129.34 点，跌1.25%。 盘面上，跨境支付、稳定币概念股走强，电力股表现活跃，中船系、多元金融、房地产、足球概念涨 幅居前；CPO、机器人、消费电子、创新药等板块走弱。 全市场近3000股上涨。 | 板块名称 | 老人都是 | | | --- | --- | --- | | 中船系 | +3.30% | +0.12% | | 2025中报"网博 | +2.64% | +0.04% | | 电力 | +2.54% | ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - On July 5th, the current-month contracts of the four major stock index futures showed mixed performance. IF rose 0.44%, IH rose 0.61%, IC fell 0.01%, and IM fell 0.29%. The total trading volume of stock index futures rebounded, indicating increased trading enthusiasm among investors. The trend intensities of IF and IH are 1, and those of IC and IM are also 1. There are important news including the resumption of product exports from the US to China and local measures for population development. The three major stock indices showed a pattern of rising and then falling [1][2][6] Group 3: Summary According to Related Catalogs 3.1 Stock Index Futures Data Tracking - **IF Contracts**: The closing prices of IF2507, IF2508, IF2509, and IF2512 all rose, with increases of 0.44%, 0.40%, 0.46%, and 0.47% respectively. The trading volumes and open interests of these contracts also increased. For example, the trading volume of IF2509 increased by 28,804, and the open interest increased by 14,488 [1] - **IH Contracts**: The closing prices of IH2507, IH2508, IH2509, and IH2512 all rose, with increases of 0.61%, 0.58%, 0.62%, and 0.59% respectively. The trading volumes and open interests also increased. For instance, the trading volume of IH2509 increased by 19,867, and the open interest increased by 9,229 [1] - **IC Contracts**: The closing prices of IC2507, IC2508, IC2509, and IC2512 all fell slightly, with decreases of 0.01%, 0.01%, 0.08%, and 0.04% respectively. The trading volumes and open interests increased. For example, the trading volume of IC2509 increased by 13,772, and the open interest increased by 6,230 [1] - **IM Contracts**: The closing prices of IM2507, IM2508, IM2509, and IM2512 all fell, with decreases of 0.29%, 0.36%, 0.43%, and 0.47% respectively. The trading volumes and open interests increased. For instance, the trading volume of IM2509 increased by 55,982, and the open interest increased by 16,019 [1] 3.2 Changes in the Top 20 Member Positions of Stock Index Futures - For most contracts, the long and short positions of the top 20 members showed increases. For example, in the IF2509 contract, the long positions increased by 11,728, and the short positions increased by 11,807 [5] 3.3 Important Driving Factors - There are reports that the US has resumed exports of products such as EDA software, ethane, and aircraft engines to China. Relevant departments in multiple regions are about to introduce measures for population development. The three major stock indices had a performance of rising and then falling, with some sectors showing strong performance and others weakening [6]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ -广告- Lyten 首席执行官兼联合创始人丹・库克在一份声明中表示："我们计划立即重启波兰工厂的运营，并履行现有及新的客户订单。" 这座位于波兰格但斯克、面积达 25，000 平方米（269，000 平方英尺）的电池储能系统生产及研发设施于 2023 年投入使用。 Lyten 在声明中称，该设施配备的设备可实现高达 6 吉瓦时的储能生产能力，且未来有扩至 10 吉瓦时的空间。此外，该公司已获得延续至 2026 年的合同订单。 这笔交易预计将在第三季度完成，其财务条款尚未披露。 2025（第三届）中国固态电池 技 术 发 展 与 市 场 展 望 高 峰 论 坛 本文来源：企业公告 美国硅谷初创企业 Lyten 周二表示，将全面收购 Northvolt Dwa ESS—— 这座欧洲最大的储能系统工厂，此举旨在扩大其产品线。 Northvolt 于今年 3 月申请破产，这是瑞典规模最大的企业破产案之一，实际上也让欧洲打造能与中国电池制造商抗衡的竞争对手的最大希望化为泡影。该公司去 年 11 月宣布关闭这座工厂。在胡润研究院 ...

Summary of TianNai Technology Conference Call Industry Overview - Solid-state battery technology primarily includes three routes: sulfide, oxide, and polymer. Sulfide systems have high ionic conductivity but are costly and pose safety risks. Oxide and polymer systems offer advantages in cost and mechanical performance, with domestic commercialization favoring oxide systems. [2][3][4] Key Points - **Market Forecast**: It is expected that all-solid-state batteries will achieve large-scale commercial application by 2030, with oxide and polymer processes likely becoming mainstream due to safety and cost factors in the next five years. Sulfide systems may face challenges. [2][4] - **Technological Advancements**: TianNai Technology enhances the electronic conductivity of liquid lithium-ion batteries using carbon nanotubes and is developing dry processing techniques and composite current collectors. These innovations are significant for the development of solid or semi-solid lithium-ion power systems. [2][3][5] - **Composite Current Collectors**: The introduction of carbon nanotubes as fiber reinforcements in polymer membranes significantly improves strength and conductivity, achieving electronic conduction levels comparable to pure metal current collectors. [6] - **Demand for Single-Walled Carbon Nanotubes**: The demand for single-walled carbon nanotubes is expected to increase significantly in 2026 due to the poor intrinsic electronic conductivity of high-nickel cathode materials and the need for more conductive additives in dry processing. [8] Financial and Operational Insights - **Production Facilities**: TianNai Technology's U.S. factory is expected to commence operations by the end of 2025, while the German factory will start in three months. The U.S. investment tax policy is anticipated to accelerate equipment production. [3][18] - **Collaborations**: The company collaborates with major battery firms like Panasonic and LG, with plans for significant orders from LG in the future, particularly for lithium iron phosphate batteries. [20] Challenges and Risks - **Safety and Cost Issues**: Solid-state battery technology faces challenges related to safety and cost, particularly with sulfide systems. The commercial viability of solid-state systems requires breakthroughs in key materials and processes. [10][16] - **Market Dynamics**: The introduction of porous copper foil and composite current collectors is limited by cost factors, which may hinder widespread adoption until prices become acceptable. [9] Future Outlook - **Growth Projections**: Significant growth in shipment volumes is expected in 2025 and 2026, particularly for high-end products driven by fast-charging technology. Current monthly production capacity is about four tons, with projections of 30,000 tons for single-walled and multi-walled carbon nanotubes by 2026. [22] - **New Cathode Materials**: Progress in new cathode materials is promising, with fast-charging certifications underway. These materials outperform existing products in low-temperature conditions. [23] Competitive Landscape - **Technological Edge**: TianNai Technology possesses a strong technological advantage in fast-charging technology and focuses on continuous R&D to maintain its competitive edge. [25][26] - **Talent Importance**: The company emphasizes the significance of talent in driving technological advancements and achieving a leading position in the industry. [27]

Core Viewpoint - Daoshi Technology is making a significant overseas investment of approximately 1.183 billion yuan to establish a copper wet smelting plant in the Democratic Republic of the Congo, aimed at expanding production capacity and securing resource supply [1][2][3]. Investment and Expansion - The company plans to invest in a project that will produce 30,000 tons of cathode copper and 2,710 tons of cobalt intermediates, with a project cycle of 18 months [2][3]. - This investment is part of Daoshi Technology's long-term strategic layout in the Congo, a region rich in copper and cobalt resources, which will enhance the stability and security of raw material supply [2][3]. Production Capacity and Growth - Daoshi Technology's cathode copper production is projected to reach 40,900 tons in 2024, representing a year-on-year increase of approximately 32%, marking a historical high [1][3]. - The company is also expected to produce 1,743 tons of cobalt intermediates in 2024, with a year-on-year growth of about 227% [3]. Financial Performance - In 2024, Daoshi Technology reported a revenue of 7.752 billion yuan, a year-on-year increase of 6.25%, and a net profit of 157 million yuan, up 662.33%, ending two consecutive years of profit decline [5]. - The company has seen a significant increase in overseas market revenue, which grew 3.82 times over the past three years, with the revenue share rising from 16.13% to 65.8% [6]. Research and Development - Daoshi Technology has invested over 1.228 billion yuan in R&D from 2020 to 2024, resulting in accelerated technology transformation [6]. - As of the end of 2024, the company holds 64 patents in carbon materials, 222 in lithium battery materials, and 104 in ceramic materials [6].

转自：安徽经济网 7月4日，安徽安瓦新能源科技有限公司宣布，其自主研发的新型固态电池全球首条GWh产线首批工程 样件成功下线，标志着首台（套）重大固态电池技术生产装备取得新的突破和进展。 安徽安瓦新能源科技有限公司创立于2020年6月，是安徽省、芜湖市和经济技术开发区重点项目企业。 作为一家全球化的新能源创新型公司，安瓦新能源在省、市、区和奇瑞集团的指导下，与美国24M等全 球战略伙伴合作，致力于新型固态电池的技术创新与产业化。公司汇聚了全球顶尖的材料科学家、电化 学专家和工程师，开发出具备国际先进水平的新型固态电池产品，创新性地开创了新型固态电池新型的 结构设计体系、智能装备和生产制造平台体系、新型固态电池封装技术体系、隔膜技术体系、电解液技 术体系、绿色可循环材料回收技术体系、超薄锂金属制备及应用技术、超高等静压连续生产工艺及装备 应技术。其产品在安全性能、能量密度、绿色环保及低成本等诸多方面优势显著，处于行业领先水平， 符合欧美等国新一代电池的标准要求，推动绿色可持续发展。 安徽安瓦新能源科技有限公司总经理张志伟表示："首批工程样件成功下线是安瓦发展史上的重要里程 碑，更是全球新能源产业迈向更高安全、更 ...

Investment Rating - The report gives a "Buy" rating for the company [14]. Core Views - The company is a leader in ultrasonic equipment in China, gradually expanding its application fields and is optimistic about its platform-based layout and new business increments [2][8]. - The company has a comprehensive product matrix that covers various industry needs, with battery business as a cornerstone and rapid growth in harness, semiconductor, and consumable businesses [2][8]. Summary by Sections Company Overview - Established in 2007, the company initially focused on ultrasonic cutting for rubber tires and has since expanded into the new energy battery sector, non-woven fabrics, harnesses, and semiconductors [2][8]. - The company has developed a complete ultrasonic technology platform, providing solutions across various industries, including new energy batteries, rubber tires, non-woven fabrics, automotive harnesses, and power semiconductors [25][31]. Financial Performance - The company is expected to achieve revenue of 585 million yuan in 2024, representing a year-on-year increase of 11.30%, with significant growth in harness, semiconductor, and consumable businesses [8][41]. - The gross profit margin for Q1 2025 is reported at 64.91%, an increase of 9.30 percentage points year-on-year [8]. Business Segments - **Battery Segment**: The ultrasonic welding technology is crucial for the ear welding stage in lithium batteries, with increasing demand driven by the growth of new energy vehicle sales [9][52]. - **Semiconductor Segment**: The company has secured bulk orders in the semiconductor field, particularly for advanced packaging and testing ultrasonic equipment, benefiting from the rapid growth of IGBT [10][41]. - **Harness Segment**: The demand for high-voltage harnesses in electric vehicles has opened up the welding market, with the company leading in market share and technology [11][41]. Research and Development - The company invests heavily in R&D, with a research expense ratio exceeding 20%, and has developed six core self-researched technologies that meet international standards [12][41]. - The high-margin consumable business is growing rapidly, providing stable cash flow for the company [12][41]. Market Position - The company is positioned as a market leader with strong customer resources and has established partnerships with major players in the industry [12][41]. - The competitive landscape shows the company gradually increasing its market share against domestic competitors [9][10].

新三板动态： ——北交所策略周报（20250630-20250706） 本周策略观点： 本周市场行情： 2025 年 07 月 06 日 两新股注册成功，"高质量"扩容基 调未变 北交所新股： ⚫ 本周新挂牌 0 家，摘牌 1 家，周新增计划融资 15.30 亿元，完成融资 2.32 亿元。 风险提示： ⚫ 个股业绩季度波动过大风险，宏观经济波动的风险。 证 券 研 究 报 证券分析师 刘靖 A0230512070005 liujing@swsresearch.com 王雨晴 A0230522010003 wangyq@swsresearch.com 研究支持 郑菁华 A0230525060001 zhengjh@swsresearch.com 汪秉涵 A0230123090006 wangbh@swsresearch.com 吕靖华 A0230124070002 lvjh@swsresearch.com 联系人 吕靖华 (8621)23297818× lvjh@swsresearch.com 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 f 新 三 板 研 究 ...

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [1]. Core Insights - The photovoltaic supply-side reform is ongoing, with a focus on improving product quality and eliminating low-price competition [1][2]. - In June, the wholesale sales of new energy passenger vehicles in China reached 1.26 million units, a year-on-year increase of 29% [1][2]. - The demand for batteries and materials is expected to grow as new models of electric vehicles are launched in the second half of the year, with projections indicating high growth in domestic sales of new energy vehicles by 2025 [1]. - The solid-state battery industrialization trend is clear, with attention on related materials and equipment companies [1]. - In May, China's photovoltaic installed capacity reached 92.92 GW, a year-on-year increase of 388%, which may suppress demand for photovoltaic installations in the near term [1]. - The hydrogen energy sector is being driven by policies promoting industrialization, with a focus on companies with cost and technological advantages in electrolyzer production and hydrogen infrastructure [1]. Summary by Sections Industry Performance - The electric equipment and new energy sector rose by 1.99% this week, outperforming the Shanghai Composite Index, which increased by 1.4% [10]. - The photovoltaic sector saw a significant increase of 6.80%, while the lithium battery index rose by 3.84% [2][13]. New Energy Vehicles - Major players in the new energy vehicle market reported varying delivery figures for June, with BYD delivering 383,600 units (up 11.98% year-on-year) and Li Auto experiencing a decline of 24% [2][27]. - The report highlights the expected growth in new energy vehicle sales, driven by the introduction of new models [1][2]. Photovoltaic Sector - The central economic work conference emphasized the need to regulate low-price competition and improve product quality in the photovoltaic industry [1][2]. - The report notes the significant increase in installed capacity and the potential impact on future demand [1]. Hydrogen Energy - The approval of a large-scale green hydrogen pipeline project indicates ongoing support for the hydrogen energy sector [1][27]. Company Developments - Companies like EVE Energy and Xinwanda are planning to issue H-shares for overseas listings, indicating growth strategies in the electric equipment sector [2][28].

证券研究报告·行业跟踪周报·电力设备 电力设备行业跟踪周报 固态产业化进度加快，锂电龙头旺季提前 2025 年 07 月 06 日 增持（维持） [Table_Tag] [Table_Summary] 投资要点 证券分析师 曾朵红 执业证书：S0600516080001 021-60199793 zengdh@dwzq.com.cn 证券分析师 阮巧燕 执业证书：S0600517120002 021-60199793 ruanqy@dwzq.com.cn 研究助理 许钧赫 执业证书：S0600123070121 xujunhe@dwzq.com.cn 行业走势 -8% -3% 2% 7% 12% 17% 22% 27% 32% 37% 42% 2024-7-5 2024-11-3 2025-3-4 2025-7-3 电力设备 沪深300 相关研究 《效率持续提升、GW 线逐步落地， 钙钛矿产业曙光渐近》 2025-07-02 《锂电排产旺季将临，固态技术迭代 加速 》 2025-06-30 东吴证券研究所 1 / 46 请务必阅读正文之后的免责声明部分 ◼ 电气设备 7107 上涨 1.99%，表现强于大盘。 ...