Group 1 - The stock price of Haibo Sichuang as of August 19, 2025, is 107.90 yuan, down 1.00% from the previous trading day [1] - The opening price for the day was 108.48 yuan, with a high of 109.50 yuan and a low of 106.60 yuan, and the trading volume reached 14,534 hands with a transaction amount of 1.56 billion yuan [1] - Haibo Sichuang operates in the power equipment industry, focusing on energy storage system integration, including the research and manufacturing of energy storage battery DC systems, inverter boost systems, and energy management systems [1] Group 2 - In the first half of 2025, Haibo Sichuang ranked second among domestic energy storage system integrators in terms of shipment volume and third globally [1] - In the domestic market, the company is second only to CRRC Zhuzhou Institute, while in the global market, it ranks above companies like Envision Energy [1] - The company participated in large-scale procurement and framework procurement, achieving a bidding scale that ranks among the top in the industry [1] Group 3 - On August 19, 2025, the net inflow of main funds into Haibo Sichuang was 24.5769 million yuan, accounting for 0.6% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow reached 120 million yuan, representing 2.94% of the circulating market value [1]

行家说储能 继海辰储能中标沙特1GW/4GWh储能项目（ 点这里 ）后，多家储能企业宣布中标信息。 有2个均为800MWh构网型储能系统采购中标公示，其中新疆阿凡提粤水电200MW/800MWh的项目中， 地方国企转型储能系统集成商首次中标。另外还有 2家上市公司公布中标消息，合同额共计5.37亿元。 据悉，该项目招标人为阿瓦提县粤水电能源有限公司，资金来源为企业自筹资金。采购内容为阿瓦提粤水电200MW/800MWh构网型储能项目所有设备采 购，主要包括主变；GIS组合开关；SVG无功补偿设备；高低压开关柜；综合自动化；磷酸铁锂电池储能系统等。 值得注意的是，新疆粤水电 储能是 广东粤水电装备集团有限公司（持股55%）与南方电网电力科技股份有限公司（45%）成立的合资公司。 而广东粤水电 装备集团有限公司为 广东省建筑工程集团股份有限公司（广东建工）的全资子公司，此前广东建工主要作为投资业主参与储能项目的投资与开发，进行公开 招投标采购。此次新疆粤水电储能以储能系统集成商入围储能项目，标志着广东建工已正式进军储能系统集成领域。 ▋ 3企 预 中标中国核建800MWh储能系统采购 8月18日，中国核建中核二四 ...

Group 1 - Sunshine Power has signed a strategic cooperation agreement with SUNOTEC to provide a total of 2.4 GWh of battery energy storage systems (BESS) for multiple solar projects in Europe, focusing on Southeast European countries like Bulgaria [1] - The agreement includes the provision of the next-generation liquid-cooled storage system PowerTitan 2.0, with some projects adopting a "photovoltaic + storage" hybrid configuration, supported by SG350HX-20 string inverters and integrated medium-voltage turnkey systems [1] - Several projects are included in Bulgaria's RESTORE national support program, receiving special funding support to accelerate progress and establish industry benchmarks [1] Group 2 - Sunshine Power aims for a global energy storage shipment target of 40 to 50 GWh by 2025, with over 4 GWh of new overseas storage orders signed this year and domestic new orders exceeding 35 GWh [2] - Major domestic orders include 12 GWh from China National Nuclear Corporation and 16 GWh from China Power Construction Corporation, primarily from central state-owned enterprise framework procurement and commercial projects [2]

Group 1 - The company disclosed its investor relations activities, including participation in performance briefings and roadshows, with significant interest from institutions regarding its energy storage business progress [1] - For Q2 2025, the company expects module shipments to be between 7.5-8.0 GW, with an annual forecast of 25-30 GW, balancing price and volume considerations [1] - The company anticipates energy storage system shipments of 2.4-2.6 GWh for Q2 2025, with an annual estimate of 7.0-9.0 GWh, adjusting expectations due to uncertainties in tariffs [1] Group 2 - The company has approximately 91 GWh of energy storage system orders as of March 31, 2025, with a signed contract value of $3.2 billion, indicating strong future order support [2] - The company noted that the current tariff policies have eased, allowing for better order arrangements and normal shipment levels in markets outside the U.S. [2] - The company highlighted that the profitability of large-scale energy storage is influenced by upstream cell prices and downstream demand, with healthy margins in markets like the U.S., Canada, and the EU [2] Group 3 - The company recognizes high entry barriers in system integration compared to hardware sales, emphasizing the need for localized technical support and long-term service capabilities [3] - The company is cautious about domestic capacity expansion in the current photovoltaic market, focusing on optimizing capacity structure towards energy storage and high-profit overseas markets [3] - The company continues to invest in R&D for various technology routes, prioritizing commercial value during the industry's consolidation phase [3]

Group 1 - The company focuses on the rapid expansion of energy storage systems, having shifted its strategy in 2019 to concentrate on energy storage integration, divesting from other businesses to capitalize on the growing demand for renewable energy consumption [1] - From 2021 to 2024, the company's energy storage system sales are projected to reach 0.7, 2.2, 6.2, and 11.8 GWh, indicating a rapid growth in shipment scale, with a strong domestic market share and breakthroughs in overseas markets expected [1] - The company anticipates revenue of 8.27 billion yuan in 2024, representing an 18.4% year-on-year increase, with a gross margin of 18.5% and a net margin of 7.9%, significantly outperforming the industry [1] Group 2 - The domestic market is undergoing a transition from policy-driven to market-driven dynamics, with the cancellation of mandatory storage requirements prompting companies to shift from "low-price bidding" to "value creation" [1] - Globally, the demand for energy storage is expected to grow steadily, with projections of new installations reaching approximately 228, 280, and 366 GWh from 2025 to 2027, reflecting year-on-year growth rates of 18%, 23%, and 31% respectively [2] - The company is leveraging its product and channel advantages to expand both domestically and internationally, establishing partnerships with leading state-owned enterprises and enhancing its presence in overseas markets through collaborations with major international firms [2] Group 3 - As a leading player in the energy storage integration industry, the company is projected to achieve net profits of 889 million, 1.14 billion, and 1.35 billion yuan from 2025 to 2027, with year-on-year growth rates of 37.3%, 28.1%, and 18.9% respectively [3] - The expected earnings per share (EPS) for the same period are forecasted to be 4.94, 6.32, and 7.52 yuan per share, with a reference valuation of 18x PE for 2025, leading to a reasonable value estimate of 88.90 yuan per share [3]

插播 ： 136号、394号文件等多项新政出台，2025工商业储能有何新打法？6月9日-12日，行家说储能联合光亚法兰克福举办"2025年全球用户侧储能产业 价值峰会暨应用示范展"，点击" 阅读原文 "了解详情 昨日，行家说储能报道了阳光电源拿下1GWh智利储能订单（ 点这里 ）， 今日据 RENEWABLE ENERGY MAGAZINE报道，比亚迪储能新签 3.5GWh智利大单。 ■ 比亚迪储能： 拿下3.5GWh储能订单 据了解，比亚迪储能与 Grenergy新签协议，为位于智利北部的阿塔卡马绿洲埃琳娜项目（ Oasis de Atacama）第六阶段供应3.5GWh储能系统 ， 这也是两家公司迄今为止规模最大的储能合作。 根据此 次新协 议，比亚迪储能将向 Grenergy 提供总计 6,240台MC Cube-T 模组（相当于624个集装箱 ）， 用于Elena光储电站。该MC Cube-T BESS采用CTS（电芯直接到系统）超级集成技术，将刀片电池直接集成到储能系统，空间利用率大幅提升98%，Vcts（电芯与系统体积 比）指标超33%。 据了解， 位于智利的Oasis de Atacama项目分 ...

问 ：海博思创是一家专注于什么领域的公司 ，其市场定位如何？对于海博思创的首次覆盖报告 中有哪些主要观点 ？ 答 ：海博思创是一家专注于储能系统集成赛道的企业 ，主要做储能系统 ， 国内市场是其主要市 场 ， 同时也开始在国外市场 进行拓展。 2023年，公司在全球储能系统集成出货量排名第五 ，在亚太市场 排名第二 ，并在国内市场处于领先地位。 ，尽管 今年国内市场存在一定的冲击 ，但国内储能市 场的长期需求和价值不变。短期冲击下 ， 由 于政策支持和业主企业的积极探索 ，增速虽会放缓 ，但不会 出现严重下跌情况。海外市场方面 ，虽然存在竞争加剧风险 ，但 公司在欧洲和澳洲等市场的开拓进 展顺 利 ，需求情况良好。 问 ：海博思创的基本情况和业务布局是怎样的 ？ 答 海博思创成立于 2011年，今年1 月份在上海证券交易所科创板上市，是一家专注于储能 系统研发、生产、销售与服务的专 精特新小巨人企业。公司自成立以来就专注于储能系统业务 ，逐步剥 离动力电池系统和新能源车租赁等非储能业务 ， 目前主 要销售功率型和能量 型储能系统 ，用户侧也有一 定布局。从财务表现看 ， 2021至2023年营业收入有强劲增速 ...

电力设备及新能源 2025 年 4 月 17 日 海博思创（688411.SH） 储能集成"小巨人"，国内外业务进展可期 推荐（首次） 4 月 15 日：68.75 元 主要数据 | 行业 | 电力设备及新能源 | | --- | --- | | 公司网址 | www.hy perstrong.com.cn | | 大股东/持股 | 张剑辉/20.31% | | 实际控制人 | 张剑辉，徐锐 | | 总股本(百万股) | 178 | | 流通 A 股(百万股) | 36 | | 流通 B/H 股(百万股) | | | 总市值（亿元） | 122 | | 流通 A 股市值(亿元) | 25 | | 每股净资产(元) | 15.72 | | 资产负债率(%) | 70.0 | 行情走势图 -20% 0% 20% 40% 60% 2025-01-27 2025-02-27 2025-03-27 沪深300指数 海博思创 证券分析师 张之尧 投资咨询资格编号 S1060524070005 zhangzhiy ao757@pingan.com.cn 皮秀 投资咨询资格编号 S1060517070004 PIXIU809 ...

Core Viewpoint - The energy storage industry is experiencing rapid growth, with global new energy storage installations reaching 177.8 GWh in 2024, a year-on-year increase of 62%. In China, new installations exceeded 100 GWh, marking a 136% growth and capturing 62% of the global market share by energy scale [2]. Group 1: Industry Trends - Trend 1: Large-scale energy storage cells are evolving from 300 Ah+ to 500 Ah+, 600 Ah+, and even exceeding 1000 Ah [3]. - Trend 2: Grid-connected energy storage is gaining traction, serving as a stable bridge between fluctuating renewable energy sources and the need for grid stability [3]. - Trend 3: Energy storage systems are entering the 6 MWh+ era, with continuous upgrades in system capacity and integrated technology solutions becoming key competitive factors [4]. - Trend 4: The industry is transitioning from "scale" to "value," with digital intelligence becoming a crucial driver for value transformation in the energy storage sector [4]. Group 2: Upcoming Events - The 13th Energy Storage International Conference and Expo (ESIE 2025) will feature a dedicated forum on energy storage design and solutions, covering topics such as battery technology, grid-connected storage, system integration, and digital intelligence [4][9]. - The event will take place from April 10 to April 12, 2025, at the Capital International Exhibition & Convention Center in Beijing [17].

2021年至2023年储能系统收入复合年增长225.62%。 成立于2011年的海博思创作为一家电化学储能系统解决方案与技术服务提供商，专注于电化学储能 系统的研发、生产、销售，为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链 条行业客户提供全系列储能系统产品，提供储能系统一站式整体解决方案。同时，海博思创还为新能 源工程机械和新能源汽车领域的客户提供动力电池系统产品。 截至2023年12月末，海博思创以储能设备提供商的角色已完成和正在参与多个大型储能项目，其中 包括数个单体超500MWh 的大型储能项目、数十个单体超200MWh的储能项目，应用场景涵盖共享 储能电站项目、光伏电站项目和风力发电项目。 根据CNESA统计，海博思创在2023年中国储能系统集成商出货量排行榜中位列第二名(海博思创出 货量数据未包含销售给新源智储的出货量)；另 根据国际知名咨询机构伍德麦肯兹发布的《全球电池 储能系统集成商排名》，2023年全球排名前五的电池储能系统集成商分别是Telsa、阳光电源、中 车株洲所、Fluence和海博思创。 财务数据方面。2021年至2023年，海博思创的营收分别为8.38亿元、2 ...