智通财经APP获悉，中航创新(03931)再涨超6%，月内累计涨幅接近40%。截至发稿，涨4.27%，报31.26 港元，成交额3.7亿港元。 消息面上，中创新航动力电池装车量自第二季度起保持强劲增长，首六个月装车量达到21.8GWh，高于 市场统计的19.5GWh。根据市场调查，集团7月份表现保持强劲，单月市占率进一步上升至8.4%。在储 能方面，中创新航上半财年取得强劲的成长，除国内更多元化的客户外，集团也于欧洲取得新的订单。 伴随未来更多产能释放、新客户及直供比例的增加，储能业务预计能够保持较高的增速，有望实现全年 45GWh的全年出货目标，并于明年达到约70GWh的水平，同时利润率亦预计得到改善。集团上调明年 出货量预测。 美银证券发布研报称，中国储能市场持续强劲，8月国内储能中标规模达26GW/69GWh，同比增长超 500%。报告预计，2025-2030年间中国储能电池需求将保持稳定增长，发改委及国家能源局宣布2027年 新型储能装机目标容量达180GW，而在全球储能大会上，专家预计2030年有望进一步增至240GW。而 中创新航作为港股动力电池第一股，将受益于订单集中化趋势，预计2025至202 ...

Core Viewpoint - Nanshan Holdings experienced a decline in stock price, with a year-to-date increase of 18.07% but a recent drop of 8.47% over the last five trading days [1] Group 1: Company Overview - Nanshan Holdings, established on April 30, 2001, and listed on December 3, 2009, is based in Shenzhen, Guangdong Province [2] - The company’s main business segments include real estate (58.87%), manufacturing (20.54%), warehousing and logistics (15.83%), urban development (3.58%), and other businesses (1.19%) [2] - The company operates in the real estate development sector, specifically residential development, and is associated with concepts such as low price, unified market, small plate, energy storage, and the Belt and Road Initiative [2] Group 2: Financial Performance - For the first half of 2025, Nanshan Holdings reported revenue of 5.78 billion yuan, a year-on-year increase of 112.29%, and a net profit attributable to shareholders of 91.53 million yuan, up 177.44% year-on-year [2] - The company has distributed a total of 1.50 billion yuan in dividends since its A-share listing, with 100 million yuan distributed over the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, Nanshan Holdings had 51,400 shareholders, a decrease of 8.71% from the previous period, with an average of 26,019 circulating shares per shareholder, an increase of 9.54% [2] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 10.12 million shares, and several ETFs that have also increased their stakes [3]

Company Overview - Jiyou Co., Ltd. is located in Taihu County Economic Development Zone, Anqing City, Anhui Province, established on September 15, 1998, and listed on January 24, 2017. The company specializes in the research, production, and sales of cigarette packaging paper, sealing paper, cigarette labels, and aluminum foil products. The main business revenue composition is 96.85% from packaging printing products and 3.15% from others [1]. Stock Performance - On September 25, Jiyou's stock price increased by 2.03%, reaching 13.55 CNY per share, with a trading volume of 161 million CNY and a turnover rate of 2.30%, resulting in a total market capitalization of 7.107 billion CNY [1]. - Year-to-date, Jiyou's stock price has risen by 116.45%, with a 19.28% increase over the last five trading days, 37.84% over the last 20 days, and 44.15% over the last 60 days [1]. - The company has appeared on the daily trading leaderboard seven times this year, with the most recent appearance on September 22, where it recorded a net purchase of 4.642 million CNY [1]. Financial Performance - For the first half of 2025, Jiyou reported an operating income of 10.4 million CNY, a year-on-year decrease of 63.38%. The net profit attributable to shareholders was -1.3871 million CNY, showing a year-on-year increase of 97.99% [2]. - Since its A-share listing, Jiyou has distributed a total of 325 million CNY in dividends, with 75.3878 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, Jiyou had 14,400 shareholders, a decrease of 4.94% from the previous period, with an average of 36,435 circulating shares per shareholder, an increase of 5.20% [2].

Group 1 - The core viewpoint of the news is that New Zhonggang's stock has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 32.53% [1] - As of September 25, New Zhonggang's stock price is 8.76 yuan per share, with a total market capitalization of 3.509 billion yuan [1] - The company has seen a net outflow of 2.4276 million yuan in principal funds, with significant selling activity [1] Group 2 - New Zhonggang operates in the public utility sector, specifically in power and heat services, with a primary business model based on cogeneration [2] - For the first half of 2025, New Zhonggang reported a revenue of 364 million yuan, a year-on-year decrease of 17.74%, and a net profit attributable to shareholders of 61.81 million yuan, down 4.62% [2] - The company has a total of 20,400 shareholders as of June 30, with a decrease of 4.18% from the previous period [2] Group 3 - Since its A-share listing, New Zhonggang has distributed a total of 344 million yuan in dividends, with 204 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint is that lithium carbonate inventory serves as a "barometer" for market supply and demand, with a strong negative correlation between lithium carbonate prices and inventory levels [1] - Current lithium carbonate inventory is experiencing a continuous reduction, but the pace of inventory depletion is slower compared to the same period last year [1] - Analysts observe a significant transfer of inventory from upstream to downstream, indicating a robust supply-demand situation, with buyers showing increased willingness to purchase due to rising demand [1] Group 2 - The introduction of lithium carbonate futures provides an effective price discovery mechanism, helping companies manage price risks and reducing irrational price fluctuations in the spot market [2] - Recent policy announcements regarding new energy storage capacity targets may lead to temporary market fluctuations, but the actual impact on lithium carbonate prices is expected to be limited [2] - Market reactions to policy information often exhibit phase characteristics, initially causing emotional volatility but eventually stabilizing based on fundamental factors [2] Group 3 - Short-term news may cause localized disturbances in the lithium carbonate market, but long-term price trends depend on the development speed of the global new energy industry and supply-demand balance across the industry chain [3] - Investors should analyze actual data from the upstream and downstream of the industry chain to avoid irrational decisions based on single pieces of information [3] - It is essential to monitor inventory depletion rates, inventory transfers, price volatility, and long-term agreements to make informed investment decisions [3]

Core Viewpoint - Jinzhitech has shown a significant increase in stock price and trading activity, indicating positive market sentiment and potential growth opportunities in the automation and smart technology sectors [1][2]. Company Overview - Jinzhitech, established on November 10, 1995, and listed on December 8, 2006, is located in Nanjing, Jiangsu Province. The company specializes in the application research of automation, information technology, and smart technology in the fields of smart energy and smart cities [2]. - The company's revenue composition includes: 25.55% from distribution automation devices and systems, 21.09% from power plant electrical automation devices and systems, 20.09% from substation comprehensive automation devices and systems, 14.80% from IT services, 13.37% from intelligent products and services, 4.86% from power design and integrated operation and maintenance, 0.23% from leasing, and 0.01% from new energy generation [2]. - Jinzhitech belongs to the Shenwan industry classification of electric power equipment, specifically in grid equipment and grid automation devices. It is associated with concepts such as power IoT, energy storage, solar energy, energy conservation and environmental protection, and battery swapping [2]. Financial Performance - As of September 19, 2023, Jinzhitech had 49,600 shareholders, a decrease of 5.79% from the previous period, with an average of 7,983 circulating shares per person, an increase of 6.15% [2]. - For the first half of 2025, Jinzhitech reported operating revenue of 656 million yuan, a year-on-year decrease of 7.58%, while the net profit attributable to the parent company was 31.43 million yuan, a year-on-year increase of 11.32% [2]. Stock Performance - On September 25, 2023, Jinzhitech's stock price rose by 2.05%, reaching 11.43 yuan per share, with a trading volume of 75.68 million yuan and a turnover rate of 1.69%, resulting in a total market capitalization of 4.579 billion yuan [1]. - Year-to-date, Jinzhitech's stock price has increased by 29.67%, with a 5-day increase of 5.30%, a 20-day increase of 12.67%, and a 60-day increase of 18.75% [1]. - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on January 23, 2023, where it recorded a net purchase of 53.29 million yuan [1]. Dividend Information - Since its A-share listing, Jinzhitech has distributed a total of 452 million yuan in dividends, with cumulative distributions of 66.10 million yuan over the past three years [3].

Market Overview - A-shares experienced a "low open high walk" scenario, with all three major indices closing in the green, particularly the ChiNext and Sci-Tech 50 reaching new highs [2] - The rise in Shenzhen's stock market occurred despite the city implementing a "five-stop" mode due to an approaching typhoon, leading to speculation that people were more focused on trading while staying at home [2] Semiconductor Sector - The semiconductor sector saw significant gains, with over 20 stocks hitting the daily limit up, driven by strong performance from leading companies like Shengong Co. and Zhangjiang Hi-Tech [4] - Key signals for the semiconductor rally include: 1. 86% of global semiconductor companies expect revenue growth by 2025, with AI chips as a core driver 2. A recovery in global IC packaging and testing orders, indicating a shift from inventory destocking to restocking 3. Rumors of price increases for TSMC's 2nm process, highlighting the scarcity of advanced processes [4] Investment Strategy - Short-term prospects for the semiconductor sector appear positive, with a focus on advanced packaging and equipment materials, while caution is advised for purely speculative stocks [5] - Long-term trends indicate a push for domestic semiconductor production, but volatility is expected, suggesting a dollar-cost averaging approach for investments [5] Other Sectors - The tourism and banking sectors faced declines, with Yunnan Tourism hitting the daily limit down [6] - In the new energy vehicle sector, Q2 global sales increased by 26%, led by BYD and Geely, but intense domestic price competition has negatively impacted Tesla, which saw a 13% drop in sales [8] - The liquor sector is experiencing challenges, with Goldman Sachs predicting a 5%-27% year-on-year decline in third-quarter performance due to weak sales during the Mid-Autumn Festival [9] Market Sentiment - The overall market sentiment shows a preference for technology (semiconductors, AI applications) and high-end manufacturing (robotics), but caution is advised due to insufficient trading volume [10] - Investors are encouraged to maintain core positions in policy-supported technology and consumer leaders while cautiously exploring new opportunities [10]

海得工业交换机采用工业级设计，符合工业现场的苛刻环境要求，如环境温 度、电池干扰、现场振动以及通讯协议和实时通信要求，该产品具备强大的兼容 性和稳定性，可确保在机器人设备满足各类工业生产关键实时系统的严苛要求， 助力企业实现智能制造转型；海得第二代PLC（EControl Studio）用Linux + RT 实时操作系统，兼具Linux开源性与实时性优势，可显著提升控制精度与响应速 度，在电子半导体、水处理泵站、交通隧道、管廊、制药等相关行业具有广阔的 发展前景；工业AI控制器的AI功能开发将深度整合神经网络运行时与机器学习 框架，重点突破传统工业控制器在复杂工况下的策略控制和预测性维护的技术课 题。 证券简称：海得控制 证券代码：002184 2025 年 9 月 24 日投资者关系活动记录表 编号：2025-007 | | ■特定对象调研 □分析师会议 | | | | --- | --- | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | | 类别 | □新闻发布会 □路演活动 | | | | | □现场参观 □其他 | | | | 参与单位名称 及人员姓名 | 平 ...

投资策略 [Table_MainInfo] 流动性增量过程延续，关注政策及产业亮点 ——A 股市场 2025 年四季度投资策略报告 | 究 | 分析师： | 宋亦威 | | SAC NO： S1150514080001 年 9 月 | 日 | 2025 | 24 | | --- | --- | --- | --- | --- | --- | --- | --- | | | [Table_Analysis] 证券分析师 | | | [Table_Summary] | | | | | | | | | 投资要点： | | | | | | 宋亦威 | |  | 宏观方面，伴随基数的走高和前期"抢出口/转口效应"所带来的需求前置 | | | | | | 022-23861608 | | | 等影响，外需面临边际回落压力，贸易环境依然存在不确定、不稳定因 | | | | | | songyw@bhzq.com | | | | | | | | | | | | 素，令出口端难以成为基本面的有效支撑。内需方面，国内市场供强需 | | | | | | [Table_Author] 严佩佩 | | | 弱的特征仍在，在消费与投资 ...

Core Viewpoint - The company, Huabao New Energy, has shown significant growth in its stock performance and financial metrics, driven by advancements in battery technology and strategic partnerships in the energy storage sector [1][2][3]. Company Overview - Huabao New Energy, established in 2011, focuses on the research, development, production, and sales of lithium battery storage products, with portable energy storage products as its core offering [7]. - The company has a revenue composition where portable energy storage products account for 77.46%, solar photovoltaic panels for 20.84%, and other products for 1.37% [7]. - As of June 30, 2025, Huabao New Energy reported a revenue of 1.637 billion yuan, representing a year-on-year growth of 43.32%, and a net profit of 123 million yuan, up 68.31% year-on-year [7]. Strategic Partnerships and Technology - The company utilizes advanced IBC battery technology in its portable solar products, achieving a conversion efficiency of up to 25% [2]. - A strategic partnership with Zhongbi New Energy was established to jointly develop sodium-ion batteries, exploring their application in end products [2]. Market Position and Financial Performance - As of the latest report, 95.09% of the company's revenue comes from overseas markets, benefiting from the depreciation of the Chinese yuan [3]. - The stock has seen a recent increase of 7.55%, with a trading volume of 318 million yuan and a market capitalization of 12.526 billion yuan [1]. Shareholder Composition - As of June 30, 2025, the number of shareholders increased by 15.49% to 13,400, with an average of 3,580 shares held per shareholder, up 20.37% [7]. - Notable institutional shareholders include Guangfa High-end Manufacturing Stock A and Hong Kong Central Clearing Limited, with significant increases in holdings [8].