9月26日晚间，鸿富瀚（301086）发布拟对外投资设立境外公司及建设光伏储能电站项目的公告。 项目定位方面，鸿富瀚表示，该投资项目主要为满足刚果(金)卡莫阿一卡库拉铜矿区域的电力供应需 求，推动该矿业能源电力系统建设，搭配储能解决其电力短缺的困境，结合公司海外业务拓展的长期战 略规划，投资设立合资公司，并主导建设KAMOA光伏储能电站项目，是公司海外能源业务的重要切入 点。 "本项目既是顺应全球能源转型与矿业绿色发展趋势的战略选择，也是依托自身资源与能力解决实际需 求的关键举措。从行业布局来看，'光储一体化'模式已成为高耗能产业能源配套的优选方案，本项目通 过布局刚果(金)优质太阳能资源，既能抢占非洲新兴清洁能源市场，又能为矿业企业提供定制化能源解 决方案，形成差异化竞争优势。"公司表示。 对于上市公司本身而言，鸿富瀚认为，本次对外投资事项是公司海外发展战略的重要组成部分，有利于 进一步拓展国际市场，提高公司的海外业务拓展能力及服务水平，更好地满足海外客户的多方面需求。 鸿富瀚主要从事精密功能性组件、自动化设备、散热解决方案及新材料的研发、设计、生产和销售，产 品广泛应用于智能手机、平板电脑、笔记本电脑、智 ...

Core Viewpoint - The article discusses the upcoming energy storage project in Egypt, led by Sungrow Power Supply Co., which aims to establish a 10GW battery factory, significantly contributing to the country's energy transition and localizing the renewable energy industry chain [2][3]. Group 1: Project Overview - Sungrow Power's chairman met with Egypt's President Sisi to propose a large-scale energy storage project, which is expected to support Egypt's renewable energy goals [2]. - Scatec, a Norwegian company, has already invested $3.6 billion in various renewable energy projects in Egypt, including solar power and battery storage systems [3]. - The Egyptian government is committed to supporting the project, indicating a favorable policy environment for renewable energy development [3]. Group 2: Company Performance - Sungrow Power has been active in international markets, securing projects in Japan (500MWh), Finland (100MWh), Chile (1GWh), and Africa (612MWh) [3]. - The company has a long history in the energy storage sector, having established a dedicated division in 2006 and formed a joint venture with Samsung SDI in 2014 [4]. - The energy storage segment has seen explosive growth, with revenues reaching approximately 17.8 billion yuan in the first half of the year, doubling year-on-year and surpassing the inverter business to account for about 41% of total revenue [7]. Group 3: Market Dynamics - The surge in energy storage has positively impacted related photovoltaic companies, with Sungrow Power reporting a net profit of 7.8 billion yuan in the first half of 2025, despite challenges in the broader photovoltaic supply chain [5][6]. - The integration of solar and storage technologies is becoming a reality, with storage inverters emerging as a key growth area for manufacturers [8]. - Sungrow Power has significantly invested in R&D, with a team of 7,120 people and R&D expenditure reaching 2.037 billion yuan, a 37.08% increase year-on-year [8].

◎记者 王文嫣 通威股份子公司通威新能源金堂独立共享储能电站项目正式开工，隆基绿能被传已入股储能类企业…… 储能行业研究人士认为，近期频出的产业政策为储能产业发展提供坚实支撑。通过加快光储一体化项目 布局，相关企业或进一步挖掘产业链协同潜力，进一步降本增效。 竞相步入储能领域 依托"绿色能源"及"绿色农业"双主业协同发展优势，通威股份持续聚焦"渔光一体"光伏电站项目开发与 建设。截至今年6月30日，完成新增并网规模112.76MW，累计并网装机规模达4.79GW，上半年结算电 量23.49亿度，实现碳减排126.04万吨。 隆基绿能2025年半年报显示，公司依然聚焦BC电池技术，也提到绿氢装备业务板块，对储能领域几乎 没有描述。在展望BC技术前景时，隆基绿能提到，随着建筑光伏、海光、阳台光伏等多元应用场景蓬 勃发展，以及光储融合、零碳园区等新型业态不断丰富，行业发展逐步走向精细化、多样化，围绕场景 的产品创新将为企业打开差异化发展空间。在我国光伏治沙、绿电直连供应、超充电站等政策的落地支 持下，光伏应用将加速向更广阔的新领域扩展。 已有企业吃到储能红利 近日，国家发展改革委、国家能源局印发的《新型储能规模化建 ...

"我们的生产优势，本质上是'技术卡位、智能提效、链上赋能'的三维协同，既是企业深耕新能源领域 的底气，更是临沂新能源产业迈向全球价值链中高端的缩影。"欧达光电有限公司董事长助理、中国区 业务总监孟祥陆介绍。 在技术引领上，该公司前瞻性布局先进TOPCon光伏组件技术路线，相比传统技术，光电转换效率更 高、长期衰减率更低、低温发电性能更优，这不仅让产品能满足欧美、中东等全球不同市场对"高效清 洁能源"的严苛需求，更以技术突破推动行业从"规模扩张"向"质量升级" 转型，让"临沂智造"在全球光 伏技术竞赛中占据关键一席。 齐鲁晚报·齐鲁壹点 高松 作为临沂新能源产业链"走出去"的代表企业，山东欧圣达近年来在国际舞台上持续突破，用硬实力擦 亮"中国光伏"名片：连续 2 年斩获全球权威机构 EUPD 认证的"顶级光伏品牌"称号，品牌影响力已跻身 全球第一梯队；在竞争激烈的全球光伏组件市场中，连续多年稳居拉美市场出货量前十，凭借稳定的产 能供给与高效的产品性能，让"临沂制造"在全球新能源产业链中占据重要一席。 目前，其光伏产品全面通过近20项国际权威认证，从欧洲的严苛标准到美洲的技术规范，从实用的应用 场景到极端的气候适 ...

Group 1 - Australian Prime Minister Jacinta Allan met with Trina Solar to discuss a 500MW energy storage project in Australia, highlighting China's role as a clean energy superpower and the potential for cost reduction and job creation through collaboration [2][4]. - The 500MW battery storage system being developed by Trina Solar near the Degraves terminal is expected to power 172,000 households in Victoria annually and will create approximately 80 construction jobs and 6 ongoing positions, with a project cost of $453 million [4][5]. - Trina Solar has a pipeline of over 4.2GWh for energy storage projects in Western Australia and is also collaborating with Pacific Green on a 250MW/500MWh storage project in South Australia [5]. Group 2 - JinkoSolar announced discussions with the InvestBulgaria Agency and the Bulgarian Consulate in Shanghai regarding cooperation on energy storage projects in Bulgaria [6]. - JinkoSolar's CEO expressed commitment to exploring new opportunities in energy storage collaboration, leveraging its TOPCon technology and local service capabilities to provide efficient and reliable integrated solutions [8]. - Bulgaria is becoming an attractive investment destination, with predictions that its energy storage capacity will reach 8-10GWh by 2025, representing a growth of over 50 times compared to 2024, making it one of the fastest-growing markets in Europe [9].

Group 1: Acquisition Overview - The acquisition of Youteli is expected to achieve a net profit of approximately 65 million RMB by the end of 2025, with cumulative profit commitments of no less than 13.5 million RMB over three years [2] - Youteli's revenue for 2024 is projected at 662 million RMB, with 274 million RMB achieved from January to May 2025 [4] - The acquisition is anticipated to be completed by Q1 2026, pending shareholder approval on September 26, 2025 [10] Group 2: Strategic Focus - The company plans to continue focusing on consumer electronics and AI hardware post-acquisition, deepening partnerships with major brands like Lenovo, Dell, HP, and Xiaomi [3][4] - Youteli specializes in lithium-ion battery modules for laptops and has a strong presence in the consumer electronics sector, with 220 authorized patents [9][7] Group 3: Market Position and Competitive Advantage - The merger is expected to enhance the company's competitive edge in the laptop battery module market, leveraging Youteli's technology and customer base [11][12] - The combined entity will benefit from shared expertise in smart manufacturing, potentially improving production efficiency and reducing costs [12][13] Group 4: Financial Impact and Future Prospects - The acquisition is projected to increase the company's revenue and profit, enhancing its sustainable profitability [6][11] - The company aims to expand its market presence in the energy storage sector, utilizing Youteli's technology to develop integrated solar storage products [13]

Group 1 - The core viewpoint of the article is that Zhongli Group (002309.SZ) has announced its capability to undertake integrated solar and energy storage projects, providing supporting services [1] - The company has a technological reserve that covers core energy storage equipment, including battery packs and PCS, as well as system integration technologies such as BMS and EMS [1] - Zhongli Group has launched a series of standardized energy storage products [1]

Core Viewpoint - Guolian Minsheng's recent report highlights that Dongfang Risen is optimizing its product structure and accelerating the iteration of N-type high-efficiency capacity, which is expected to enhance its core competitiveness by mid-2025 [1] Company Summary - As of August 27, 2025, Dongfang Risen's HJT cell conversion efficiency has surpassed 26.60%, while HJT module conversion efficiency has exceeded 24.70%. The non-silicon cost of HJT cells has been reduced to 0.15 yuan/W [1] - Dongfang Risen's energy storage system business is advancing in tandem with its photovoltaic power station operations, focusing on large-scale energy storage systems primarily targeting key markets in Europe and the United States, maintaining a global record of zero safety incidents [1] - The company is actively expanding its commercial distributed photovoltaic power station business, with integrated solutions for "solar storage" and "solar storage charging," as well as smart microgrid solutions that have achieved commercial application [1] Industry Outlook - The report suggests that Dongfang Risen is a leading player in the HJT sector, with superior technology research and capacity reserves compared to the industry, and is expected to gradually recover its performance as the fundamentals of the photovoltaic industry improve, warranting attention [1]

来源：市场资讯 （来源：行家说储能） 据最新消息，继首次向港交所递交的招股书失效不到一个月，思格新能源于9月8日再次递交申请，更新 招股书，二度冲击港股上市。 据行家说储能了解，在华为任职23年的许映童所创立的思格新能源，自诞生以来便备受业界关注，并凭 借爆款产品迅速崛起，成为海外光储领域的黑马。在其更新的招股书中，2025年前4个月其经营业绩， 同比增长达22.8倍，黑马之姿仍在延续。 然而，出色的业绩表现只是企业成功上市因素之一，唯有在技术实力、产能布局、产品竞争力以及未来 前景等多维度具备扎实基础的企业，或许才能真正具备冲刺资本市场的底气与实力。 ▋收入增长22.8倍，毛利率达50.9% 自2022年成立以来，思格新能源收入呈指数型增长。招股书显示：由2022年的零（并未进行商业化生产 及销售）增至2023年的人民币5830万元，并于2024年进一步增至人民币13.298亿元，增长幅度达22.8 倍。 2025年（前4个月），思格新能源同比营收增长更是接近10倍，达12.064亿元，距离2024年全年营收仅 有1亿的差距。 值得注意的是，思格新能源的毛利率也在增长，从2023年的31.3%，增长至202 ...

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating challenges in the solar energy market and increased competition [1][4]. Group 1: Financial Performance - In H1 2025, the company achieved operating revenue of 7.44 billion yuan, a year-on-year decrease of 28.8%, and a net profit attributable to shareholders of -680 million yuan, an improvement from -960 million yuan in the same period last year [1]. - For Q2 2025, the company reported operating revenue of 4.45 billion yuan, a year-on-year decrease of 19.4%, but a quarter-on-quarter increase of 48.9%, with a net profit of -410 million yuan [1]. - The gross profit margin for H1 2025 was 3.1%, down 5.9 percentage points year-on-year, while Q2's gross profit margin was 1.5%, down 8.3 percentage points year-on-year and 3.9 percentage points quarter-on-quarter [1]. Group 2: Business Segments - The solar cell and module business generated revenue of 3.81 billion yuan in H1 2025, a year-on-year decrease of 54.0%, with a gross margin of -4.5%, down 11.5 percentage points [2]. - The module business alone accounted for 3.75 billion yuan in revenue, also down 54.1% year-on-year, with sales volume of 5.7 GW, a decrease of 28% [2]. - The company is a leader in the HJT sector, optimizing product structure and accelerating the iteration of N-type high-efficiency capacity, achieving a cell conversion efficiency of over 26.60% and module efficiency of over 24.70% by August 27, 2025 [2]. Group 3: Energy Storage and Photovoltaic Integration - The energy storage system, lighting, and auxiliary photovoltaic products generated revenue of 480 million yuan in H1 2025, a year-on-year increase of 0.3%, with a gross margin of 18.2%, down 8.0 percentage points [3]. - The energy storage integration business focuses on large-scale systems primarily targeting the European and American markets, maintaining a record of zero safety incidents globally [3]. - The company is actively developing commercial distributed photovoltaic power station businesses, with integrated "solar-storage" and "solar-storage-charging" solutions already commercialized [3]. Group 4: Profit Forecast and Investment Suggestions - The company faces intensified industry competition, impacting shipment scale and profitability, with projected revenues of 16.19 billion yuan, 21.53 billion yuan, and 28.20 billion yuan for 2025-2027, reflecting year-on-year growth rates of -20.0%, 33.0%, and 31.0% respectively [4]. - Expected net profits for the same period are -830 million yuan, 430 million yuan, and 1.20 billion yuan, indicating a narrowing loss, a return to profitability, and a growth rate of 176.2% [4]. - The company is positioned as a leading HJT enterprise with advanced R&D and capacity reserves, likely to benefit from improvements in the photovoltaic industry fundamentals [4].