证券日报网讯湖南裕能（301358）12月1日发布公告，在公司回答调研者提问时表示，在储能领域，随 着大电芯技术应用进一步提升储能系统经济性，电力市场化改革及容量电价补偿等政策支持，AI数据 中心等新兴应用场景对配储需求增强，叠加海外储能需求快速提升等，多重积极因素共同推动储能市场 进入高速发展通道。同时，动力电池市场有望继续保持增长。磷酸盐正极材料作为锂电产业链的关键环 节，有望在下游需求的驱动下延续增长态势。 ...

宜昌富豪代德明，下了张大订单。 记者丨杨松 鄢子为 编辑丨鄢子为 11月下旬，公告称，其实控的楚能新能源三家子公司，与龙蟠科技签署《生产材料采购合作协议》。 作为买方，2025-2030年期间，楚能将向龙蟠科技采购130万吨磷酸铁锂正极材料，具体单价由双方逐月确定，预估总金额超450亿元。 今年以来，这位低调的能源商人，出货节奏迅猛提速。 据《21CBR》记者不完全统计，楚能共向龙蟠科技等四家供应商，签下超680亿元的供货订单。 "储能出货量饱满。"加电联盟创始人王观林向《21CBR》透露，其本周刚为楚能介绍一位客户，相关方回复称，估计要年后交付了，现在不缺订单。 同步发力储能、动力电池，代德明和楚能，正在闷声狂飙。 密集下单 代德明大批量采购的，是磷酸铁锂正极材料，占储能电芯约20%成本。 5月，在湖北孝感总部，楚能与龙蟠科技签署50亿元采购合同。11月，双方合作升级，订单金额提升至450亿元。 来源：龙蟠科技 其计划，在五年内，向江苏瑞德丰采购约2.5亿套结构件，累计金额约30亿元；又与科达利、杉杉科技，分别达成超百亿元电池精密结构件、负极材料长 期合作。 "从零开始，大胆投入。" 代德明入行偏晚，于20 ...

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 501.59 CNY [6]. Core Insights - The report highlights strong demand for lithium batteries since Q3, with the company's production capacity utilization reaching saturation. It is expected that demand for dynamic storage will remain positive through 2026, and with capacity expansion, the current shortage may ease. Consequently, the earnings forecasts for 2025-2027 have been revised upward [2][12]. Financial Summary - Total revenue for 2023 is projected at 400,917 million CNY, with a year-on-year growth of 22.0%. However, a decline of 9.7% is expected in 2024, followed by a recovery with growth rates of 11.4%, 22.8%, and 20.6% for 2025, 2026, and 2027 respectively [4]. - Net profit attributable to the parent company is forecasted to be 44,121 million CNY in 2023, with a significant increase of 43.6%. The net profit is expected to grow to 68,005 million CNY in 2025, 88,026 million CNY in 2026, and 109,297 million CNY in 2027, reflecting growth rates of 34.0%, 29.4%, and 24.2% respectively [4]. - Earnings per share (EPS) are projected to be 9.67 CNY in 2023, increasing to 14.90 CNY in 2025, 19.29 CNY in 2026, and 23.95 CNY in 2027 [4]. Market Performance - The company's stock has a 52-week price range of 211.39 CNY to 409.89 CNY, with a total market capitalization of 1,715,177 million CNY [7]. - The stock has shown an absolute increase of 2% over the last month, 35% over the last three months, and 53% over the last year [11]. Production and Capacity - The company is experiencing tight production capacity, with utilization rates at 89.86% in the first half of 2025. The third quarter is expected to remain saturated, but new capacity is being developed, which is anticipated to positively impact market share in 2026 [12]. - The report mentions that the company plans to release 100 GWh of 587Ah large battery cell capacity in Shandong by 2026, with an overseas factory in Hungary expected to commence production by the end of 2025 [12]. Industry Outlook - The report indicates a robust outlook for the energy storage market, driven by the introduction of supportive policies and the growing demand for energy storage solutions globally. The company is accelerating the mass production of its 587Ah energy storage cells, which are expected to meet high safety and longevity standards [12].

2024年，楚能新能源超20GWh的出货量，不仅使其顺利进入国内储能电池出货量前十，而且 助其在全球储能市场占据一席之地。 进入2025，楚能新能源延续上年发展态势，一季度表现亮眼，放量提速，实现"储能+动力"双 驾马车狂奔。2025年出货量超60GWh将成事实。 01 储能端：中标/入围/签约多个大项目 据不完全统计，今年一季度，楚能新能源连续开单，中标/入围/签约中国电建、中核汇能、中 车青岛四方所、特隆美储能等多个企业项目。 具体来看：3月21日，中能建储能6GWh储能电芯框采中标公示，楚能新能源等8家企业入围， 其中楚能新能源中标的是标段一（采购容量5GWh），投标报价13.5亿元。 3月19日，中车发布2025年度储能电芯框架协议采购中标候选人。项目拟采购314Ah的储能 电芯，采购数量为2995200块，总规模约3GWh，楚能新能源以第一中标候选人入围。 3月15日，楚能新能源与特隆美储能在楚能全球总部签署5GWh储能电芯战略合作协议。楚能 新能源将为特隆美全球储能项目供应5GWh自主研发的314Ah储能电芯产品。 2月13日，中国电建集团（股份）公司2025-2026年度储能系统设备框架入围集中 ...