一、沪深股通前十大成交 今日沪股通总成交金额为1093. 79亿，深股通总成交金额为1193 .03亿。 | | 沪股道( | 11月5日 | ) | | | --- | --- | --- | --- | --- | | 排名 | 股票代码 | 股票名称 | | 成交金额(亿元) | | 1 | 601138 | 工 /富联 | | 22.74 | | 2 | 601899 | 三十四年来 | | 15.81 | | 3 | 688256 | 寒武纪 | | 13.81 | | 4 | 600519 | 贵州茅台 | | 10.99 | | 5 | 601012 | 降泉绿能 | | 9.58 | | 6 | 603259 | 药明康德 | | 8.96 | | 7 | 600089 | 特变电] | | 8.84 | | 8 | 603993 | 溶阳铝业 | | 8.53 | | 9 | 600036 | 招商银行 | | 8.27 | | 10 | 688041 | 海光信息 | | 8.08 | | | 深股道( | 11月5日 | ) | | | 报 | 股票代码 | 股票名称 | | 成交金额( ...

今日，新能源板块强势领涨，光伏逆变器、电池、储能等概念涨幅居前，截至收盘，中证光伏产业指数上涨4.3%，国证新能源电池指数上涨4.2%，中证新 能源指数上涨3.2%，中证上海环交所碳中和指数上涨1.7%，储能电池ETF（159566）全天净申购近1亿份。Wind数据显示，该ETF此前连续4个交易日获资金 净流入，合计约1.6亿元。 | 该指数聚焦的光伏是代表 | 令日 | 该指数 | 该指数自20 | | --- | --- | --- | --- | | 性较强的未来能源之一, | 该指数涨跌 | 市净率 | 发布以来估( | | 由50只产业链上、中、下 | | | | | 游具有代表性的公司股票 | 4.3% | 2.6倍 | 50.49 | | 组成。 | | | | 每日经济新闻 ...

Market Overview - The Shanghai Composite Index closed at 3969.25 points, up 0.23%, with a trading volume of 827.1 billion yuan [1] - The Shenzhen Component Index closed at 13223.56 points, up 0.37%, with a trading volume of 10452.08 billion yuan [1] - The ChiNext Index closed at 3166.23 points, up 1.03%, with a trading volume of 477.38 billion yuan [1] - The STAR Market 50 Index closed at 1390.39 points, up 0.23%, with a trading volume of 62.7 billion yuan [1] - Total trading volume for both markets was 18723.08 billion yuan, a decrease of 43.41 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included electric power equipment, coal, retail, environmental protection, light industry manufacturing, building materials, chemicals, and non-ferrous metals [3] - Active concepts included ultra-high voltage, titanium dioxide, virtual power plants, Hainan free trade, duty-free, energy storage, vanadium batteries, and phosphorus chemicals [3] - Weak sectors included computers, insurance, food and beverage, media, and telecommunications [3] Stock Performance - A total of 3198 stocks rose, while 1811 stocks fell, with 146 stocks remaining flat and 10 stocks suspended [3] - 82 stocks hit the daily limit up, while 9 stocks hit the daily limit down [3] Fund Flow - The net outflow of main funds from the Shanghai and Shenzhen markets was 13.415 billion yuan, with the ChiNext experiencing a net outflow of 3.769 billion yuan [6] - The electric power equipment sector saw the highest net inflow of main funds, amounting to 10.052 billion yuan [6] - Other sectors with net inflows included retail, coal, and chemicals, with net inflows of 0.45 billion yuan, 0.284 billion yuan, and 0.256 billion yuan respectively [6] Individual Stock Highlights - 79 stocks received net inflows exceeding 1 billion yuan, with Yangguang Electric Power leading at 1.509 billion yuan [9] - Other notable stocks with significant net inflows included Ningde Times, Yiwei Lithium Energy, and Tianqi Lithium, with inflows of 1.02 billion yuan, 0.561 billion yuan, and 0.55 billion yuan respectively [9][10] - 89 stocks experienced net outflows exceeding 1 billion yuan, with BYD leading the outflow at 0.793 billion yuan [13] - Other stocks with significant outflows included ZTE, Pingtan Development, and Yue Media, with outflows of 0.551 billion yuan, 0.545 billion yuan, and 0.528 billion yuan respectively [13][14] Institutional Activity - Institutional net buying totaled approximately 0.495 billion yuan, with the highest net buying in Zhongtung High-tech at 0.168 billion yuan [17] - Other stocks with significant institutional net buying included Sifang Co., Dawi Co., and Igor, with net buying amounts of 0.132 billion yuan, 0.093 billion yuan, and 0.081 billion yuan respectively [17][18]

10月以后，市场震荡加剧，普遍承压。而储能国内迎来盈利能力改善需求爆发，海外受益于人工智能建设浪潮以及"北美缺电"等刺激，储能产业链受到资金 关注。 11月5日储能再次带动锂电池板块低开高走，并且带动指数翻红，与指数共振从AI变成了储能。拉长时间看，中证储能产业指数近三月累计涨幅近60%，远 超同期沪深300指数。 图：中证储能指数与沪深300走势对比 数据来源：wind，截至2025.11.4 一、国内方面：储能盈利能力大幅改善 2025年136号文出台、取消新能源强制配储，一度令市场担忧，但电力市场化改革反而激发了储能经济性。 随着越来越多的省份出台容量电价与峰谷套利等政策，储能IRR收益率普遍达到6%-12%，部分地区甚至更高，项目建设热情持续高涨，行业需求持续高度 景气，甚至带动上游电芯环节涨价。（数据来源：WIND） 据国家能源局及第三方机构数据显示，2025年前三季度全球锂电储能装机量已突破170GWh，较去年同期大幅增长68%，市场整体延续高速发展态势 当前储能累计渗透率尚不足10%，海外最大的机会来自数据中心带来的储能需求，龙头企业已有大量订单。储能将带动锂电需求明年增速超过30%。 数据截至 ...

Core Insights - The A-share market demonstrates resilience despite a general decline, with strong performance in the new energy sector, particularly in energy storage and battery ETFs [1][2] - The energy storage and battery industry is undergoing a historic revaluation, transitioning from a cyclical industry to a core asset with long-term strategic value due to its essential role in AI power support and energy security [4] Industry Performance - Energy storage battery ETF (159566) increased by 4.74%, while the new energy ETF (516090) rose by 3.2%. Year-to-date, the energy storage battery ETF has surged by 66.79%, and the new energy ETF has grown by 51.04% [2] - The global energy storage market is experiencing explosive growth, with lithium battery storage installations reaching 170 GWh in the first three quarters of 2025, a year-on-year increase of 68% [5] AI and Energy Demand - The demand for energy storage systems is becoming critical for the stability of AI data centers, with projections indicating that by 2026, AI data centers will contribute an additional 34 GWh of demand to the U.S. energy storage market [5] - The energy consumption of global data centers is expected to rise significantly, with estimates of 1,800 TWh in 2025 and potentially reaching 2,800 TWh by 2030 [5] Policy and Market Support - China's government is actively promoting the integration of AI and energy, with clear goals set for the development of "AI + energy" until 2030 [6] - The new "14th Five-Year Plan" includes new energy storage as a strategic emerging industry, targeting an installed capacity of approximately 150 GW by 2030, indicating a compound annual growth rate of over 25% [13] Company Performance - Leading companies in the energy storage sector, such as Sungrow Power Supply and CATL, are experiencing significant growth, with Sungrow's revenue reaching 66.402 billion yuan, a year-on-year increase of 32.05% [10] - CATL's energy storage battery revenue has increased significantly, with a gross margin higher than that of power batteries, reflecting the sector's robust performance [10] Investment Trends - There is a noticeable shift in market focus from pure AI concepts to tangible AI infrastructure, with energy storage becoming a key area of investment [10] - Public funds have increased their allocation to the energy storage sector, with a net inflow of 5.39 billion yuan into the energy storage battery ETF over the past 20 days [11] Valuation and Growth Potential - The energy storage sector is characterized by higher certainty and clearer business models compared to other emerging tech sectors, with current P/E ratios ranging from 20 to 25 times [16][18] - The average PEG ratio for the energy storage sector is approximately 0.8-1.2, indicating attractive valuation levels compared to the AI computing sector [18] Conclusion - The new energy and energy storage industries are at a historic turning point, benefiting from both the energy revolution and the digital revolution, which provides them with unique growth certainty [19][20] - Regardless of the future evolution of AI, the demand for reliable power will remain, positioning new energy and storage companies as key players in the future energy landscape [21]

Core Viewpoint - The A-share market showed a slight upward trend today, with the power equipment sector leading gains, while overall market activity saw a decrease in trading volume to 1.89 trillion yuan Market Performance - The A-share market opened lower but closed higher, with the Shanghai Composite Index and Shenzhen Component Index slightly in the green, while the North Stock 50 and Shanghai 50 were slightly in the red [1] - The power equipment sector experienced significant inflows, with over 32.4 billion yuan in net capital inflow, while other sectors like machinery and basic chemicals also saw substantial inflows [1] Sector Highlights - The power equipment industry surged, with the sector index rising over 5%, reaching a 10-year high, and trading volume exceeding 100 billion yuan for the first time in history [2] - Notable stocks in the power equipment sector included Caneng Electric, which hit a 30% limit up, and several others that also saw significant gains [2] ETF Performance - The top 20 ETFs by growth were all related to the power equipment sector, with the leading solar power ETF, grid equipment ETF, and innovative energy ETF all showing gains exceeding 5% [4] Industry Insights - The International Energy Agency (IEA) estimates that electricity consumption by data centers will double by 2030, with Goldman Sachs projecting a 160% increase in global data center electricity usage [4] - The State Grid Corporation of China reported fixed asset investments exceeding 420 billion yuan from January to September this year, marking an 8.1% year-on-year increase, with expectations for total investments to surpass 650 billion yuan for the year [4] Financial Performance - The power equipment sector reported a net profit of 38.213 billion yuan for the first three quarters, reflecting a year-on-year growth of 16.03%, with the third quarter alone showing a 20.1% increase [5] - Citic Securities highlighted that policies are reinforcing long-term opportunities in areas such as ultra-high voltage and smart grid technologies, with structural demand continuing to show resilience [5]

公司报告 | 首次覆盖报告 盐湖股份（000792） 证券研究报告 五矿入主带来新动能，钾锂双龙头再出发 依托盐湖优势资源，成就钾锂双龙头。公司前身察尔汗钾肥厂成立于 1958 年，历史底蕴丰厚，资源端依托青海察尔汗盐湖，成为钾、锂业务领先的 双龙头。公司现有氯化钾和碳酸锂产能分别为 500 万吨/4 万吨，并且在锂 盐端持续布局，新建的 4 万吨碳酸锂项目在 6 月进入试生产阶段。往后看， 公司锂盐产能有望至 20 万吨以上，公司钾锂地位有望持续稳固。 经营端重大变化值得高度重视——五矿入主带来新动能。公司曾于 2019 年破产重组，出清亏损的镁及 PVC 部门，目前已连续五年盈利。2025 年， 公司实控人已变更为五矿集团，集团计划在 2025 年内完成整合优化，并且 到 2030 年完成规模扩张，规划锂盐产能扩张至 20 万吨，使公司成为盐湖 提锂绝对龙头。 锂行业：供需格局逐步改善，中长期核心资源属性凸显。供给端，高成本 产能已陆续开始出清，国内环保及合规整治力度加大，更重要的是，资本 开支已出现明显放缓趋势，供应端中长期增量有限。需求侧，短期海内外 储能放量提供底部支撑，中长期电力化改革的大背景下锂 ...

行业资金方面，截至收盘，电网设备、光伏设备、电池等净流入排名靠前，其中电网设备净流入63.10亿。 A股三大指数今日集体上涨，截至收盘，沪指涨0.23%，收报3969.25点；深证成指涨0.37%，收报13223.56点；创业板指涨 1.03%，收报3166.23点。沪深两市成交额18723亿，较昨日缩量434亿。 行业板块多数收涨，电网设备、电池、光伏设备、风电设备、电源设备、煤炭行业、化肥行业涨幅居前，保险、软件开发板 块跌幅居前。 个股方面，上涨股票数量接近3400只，逾80只股票涨停。电网设备板块掀起涨停潮，双杰电气（300444）、众智科技 （301361）、金冠电气、中能电气（300062）20cm涨停。海南板块再度走强，海马汽车（000572）等多股涨停。福建板块 反复活跃，厦工股份（600815）2连板。泛消费概念股集体走强，凯撒旅业（000796）、安记食品（603696）等多股涨停。 储能板块率先走强，通润装备（002150）涨停创阶段新高，阿特斯20cm涨停。 净流出方面，软件开发、半导体、互联网服务等净流出排名靠前，其中软件开发净流出46.75亿元。 来源市场信息 ...

11月5日，两市股指午后发力拉升，创业板指涨逾1%，场内近3400股飘红，全A成交额连续两日维持在 2万亿元下方。 盘面上看，煤炭、电力、石油、钢铁、化工等板块拉升，储能、风电、光伏概念集体走高，海南自贸、 智能电网概念等活跃。 东莞证券表示，近日沪指一度站上4000点关口后，A股市场博弈开始加剧，资金分歧逐步显现，部分获 利盘了结导致短期市场出现技术性震荡调整，需警惕资金转向稳健审慎，操作上建议投资者灵活控制仓 位，避免盲目追高，并结合景气度与估值积极优化持仓结构。配置方面，金融、煤炭等防御性板块与食 品饮料等低位板块值得关注，此外重视"十五五"规划受益行业等。 （文章来源：证券时报网） 截至收盘，沪指涨0.23%报3969.25点，深证成指涨0.37%报13223.56点，创业板指涨1.03%报3166.23点， 沪深北三市合计成交18945亿元。 ...

来源：新浪证券-红岸工作室 11月5日，禾迈股份涨2.76%，成交额1.89亿元，换手率1.40%，总市值136.54亿元。 今日主力净流入760.53万，占比0.04%，行业排名30/70，该股当前无连续增减仓现象，主力趋势不明 显；所属行业主力净流入39.90亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入760.53万322.32万-842.01万-1105.86万-8041.15万 异动分析 光伏概念+储能+专精特新+人民币贬值受益+回购增持再贷款概念 1、杭州禾迈电力电子股份有限公司主营业务是光伏逆变器相关产品、储能相关产品、电气成套设备及 相关产品的研发、制造与销售业务。主要产品有微型逆变器及监控设备、分布式光伏发电系统、模块化 逆变器及其他电力变换设备、电气成套设备及元器件。 2、杭州禾迈电力电子股份有限公司的主营业务是光伏逆变器相关产品、储能相关产品、电气成套设备 及相关产品的研发、制造与销售业务。公司的主要产品是微型逆变器及监控设备、关断系统、组串式逆 变器、光伏发电系统、储能逆变器、储能系统。 3、专精特新"小巨人"企业是全国中小企业评定工作中最高 ...