E A S T 当"碳达峰、碳中和"目标成为高质量发展的核心驱动力，全球能源转型进入攻坚阶段，可持续发展已从企业的可选题升级为必答题。易事特集团是数字能 源产品及风光储充解决方案优秀上市公司，聚焦"AI+新能源"领域，深耕UPS电源、数据算力中心、"新能源+储能"三大战略板块，始终将"为全球用户提 供优质的绿色能源"的使命深植于发展基因中，在技术创新、场景落地与生态共建中，开辟了一条兼具产业价值与环境责任的可持续发展之路。 根据国家能源局数据，截至2025年3月，我国风电与光伏发电总装机容量达14.82亿千瓦，首次超越火电装机，非化石能源发电量占比跃升至35.9%。能源 转型的"加速度"背后，离不开核心技术的强力支撑。集团以持续研发投入筑牢技术根基，近几年研发费用均超亿元，2024年研发投入占营业收入比例达 7.92%，重点攻关钠离子电池、液冷储能等前沿领域，累计获得授权专利及软件著作权逾千项。 技术创新价值最终需通过场景落地转化为减排实效。《2024年度可持续发展暨ESG报告》显示，自持有地面光伏电站、分布式光伏电站及风力发电站累计 贡献的清洁能源发电量达到67,116.2176万千瓦时，相当于为我国约16 ...

Core Insights - The Shenzhen International Energy Storage Technology Exhibition 2026 will take place from August 26 to 28, 2026, at the Shenzhen International Convention and Exhibition Center, focusing on the energy storage industry and its advancements [1][9]. Industry Overview - China, as the world's largest energy producer and consumer, has established a comprehensive clean energy equipment manufacturing industry chain, including hydropower, nuclear power, wind power, and solar energy, leading to unprecedented opportunities for the energy storage sector [1]. - According to the National Energy Administration, by the first half of 2024, the cumulative installed capacity of new energy storage projects in China reached 44.44 million kilowatts (99.06 million kilowatt-hours), representing a growth of over 40% compared to the end of 2023 [1]. Exhibition Details - The exhibition will showcase a wide range of energy storage technologies and materials, energy storage power stations, EPC engineering related facilities, liquid cooling technology, grid dispatch and automation control, and intelligent metering and electricity management systems [2]. - Over 800 leading global suppliers from the energy storage industry are expected to participate, with an exhibition area exceeding 40,000 square meters, making it the largest and most professional international energy storage event in South China [2]. Exhibition Scope - The exhibition will include various sections such as energy storage technology, energy storage systems and solutions, battery technology, battery materials and components, and hydrogen energy and fuel cell industries [6][7]. - Specific areas will feature different types of energy storage batteries, systems, and equipment, including lithium-ion batteries, sodium-sulfur batteries, supercapacitors, and various energy management systems [6][7].

2026年中国储能技术创新应用研讨会2026/1/28 王老师18911725159 文丨北极星储能网 北极星储能网讯：12月8日晚间，易事特发布公告，公司控股股东及实际控制人拟发生变更。湖北荆江 实业投资集团有限公司（下称"荆江实业"）将通过协议受让方式，以24.37亿元总价取得公司18.66%股 份，成为新任控股股东，荆州市国资委将由此成为上市公司实际控制人。 根据公告，2025年12月8日，易事特股东荆江实业与广东恒锐股权投资合伙企业（有限合伙）（下称"广 东恒锐"）、扬州东方集团有限公司（下称"东方集团"）及其实控人何思模签署系列协议，交易包含三 个核心安排： 其一，广东恒锐将其持有的4.18亿股（占总股本17.93%）协议转让给荆江实业，转让价5.61元/股，对价 23.43亿元。东方集团同时将质押给广东恒锐的1686万股（占总股本0.72%）一并转让，交易总价合计 24.37亿元。 其二，东方集团不可撤销地放弃其持有的全部7.22亿股（占总股本31.01%）的表决权，弃权期限自交易 完成之日起满五年。此举意味着，尽管东方集团仍保留第一大股东身份，但将彻底退出公司经营决策。 其三，东方集团需就本次交 ...

面对每天上千份上市公司公告该看哪些？重大事项公告动辄几十页几百页重点是啥？公告里 一堆专业术语不知道算利好还是利空？请看智通财经公司新闻部《速读公告》栏目，我们派 驻全国的记者们将于公告当晚为您带来准确、快速、专业的解读。 不过，在2020年7月，交易方案调整为东方集团、何思模向广东恒锐协议转让18%无限售流通股，并且 东方集团不可撤销地放弃剩余股份表决权，公司也在交易完成后变更为无控股股东、无实控人状态。 2022年12月，广东恒锐拟将17.94%股份转让给广物集团，广物集团将取得公司控制权，但该事项历经 近3年最终再次按下终止键。 作为国资"青睐"的标的，ST易事特聚焦新能源+储能等核心业务，重点关注通信和算力数据中心建设的 市场机会，并持续在储能、风电、光伏三大核心板块加强发力。财报显示，自2024年以来，公司归母净 利润持续处于同比下滑态势。其中，今年前三季度公司实现总营收24.61亿元，同比增长6.52%；实现归 母净利润9426.81万元，同比下滑54.25%。 公司方面表示，此次交易完成后，各方将"结合各股东的资源优势及业务布局，继续聚焦主营业务，深 耕智慧电源、数据中心和新能源三大战略业务板块 ...

Market Overview - On November 7, A-shares experienced a slight decline, with the Shanghai Composite Index down by 0.25%, the Shenzhen Component Index down by 0.36%, and the ChiNext Index down by 0.51% [1] - The total market turnover was 19,990.53 billion RMB, a decrease of 561.94 billion from the previous trading day [1] - Over 2,100 stocks in the market rose, indicating some underlying strength despite the overall decline [1] Index Performance - The North China 50 Index increased by 0.19% and has risen 46.73% year-to-date [2] - The ChiNext Index has seen a year-to-date increase of 49.80%, while the Shenzhen Component Index has increased by 28.70% [2] - The Hang Seng China Enterprises Index rose by 0.05%, while the Hang Seng Index fell by 0.92% [3] Sector Performance - The basic chemical sector led gains with an increase of 2.39%, followed by the comprehensive sector at 1.45% and the oil and petrochemical sector at 1.38% [6] - The technology sector faced significant pressure, with declines in the computer sector (-1.83%), electronics (-1.34%), and home appliances (-1.17%) [6] Fund Flow Analysis - No large-scale net inflows exceeding 1 billion RMB were recorded in the previous trading day [7] - The strategy-focused dividend fund saw a net inflow of 6.12 billion RMB, while the innovation drug sector and securities also attracted significant inflows [7] - The CSI 300 Index experienced a net outflow of 14.68 billion RMB, indicating a trend of capital leaving large-cap indices [7][8] New Energy Sector Insights - The new energy sector received multiple favorable policies, including guidelines for integrating coal and new energy development [9] - The installed capacity for wind and solar power exceeded 1.69 billion kilowatts by the end of August, with non-fossil energy consumption expected to increase by nearly 1 percentage point annually from 2020 to 2024 [9] - The sales volume of new energy vehicles grew by 52.6% in the first three quarters, with expectations for a consumption peak following tax adjustments [10] Banking Sector Developments - As of the end of October, the scale of the bank wealth management market reached 31.6 trillion RMB, with some products offering annualized returns exceeding 10% [11] - The banking sector is expected to maintain growth, supported by stable interest margins and potential regulatory changes favoring bank stocks [11] Robotics and Semiconductor Updates - Tesla has begun trial production of humanoid robots, with expectations for cost reductions to around 20,000 USD per unit [12] - NAND flash memory prices have surged by 50%, indicating strong demand driven by AI applications, with expectations for continued supply-demand imbalance until 2026 [13]

Investment Rating - The report maintains an "Overweight" rating for the company with a target price of 69.93 RMB [6][4]. Core Insights - The company reported a significant increase in profits for Q3 2025, driven by the end of inventory depletion in Europe and growing demand in emerging markets like Australia [1][2]. - The strong performance in the energy storage inverter and battery businesses is attributed to a substantial increase in shipment volumes, with inverter sales reaching approximately 45,000 units and battery sales around 0.3 GWh, both showing over 80% growth quarter-on-quarter [2][3]. - The company is expected to benefit from the global growth in renewable energy and energy storage demand, particularly in Australia and other emerging markets [2][3]. Summary by Sections Financial Performance - In Q3 2025, the company achieved revenue of 2.108 billion RMB, a year-on-year increase of 17.4%, and a net profit of 98 million RMB, reflecting a year-on-year growth of 200.8% [1]. - The gross margin and net margin were reported at 26.2% and 4.63%, respectively, indicating strong profitability [1]. Business Segments - The energy storage inverter segment generated approximately 400 million RMB in revenue, with a gross margin of 40-45%, while the energy storage battery segment also achieved around 400 million RMB, with a gross margin of about 35% [2]. - The company’s grid-connected inverter business remained stable, with revenue estimated at around 700 million RMB, maintaining a gross margin of 24-25% [3]. Future Outlook - The company is projected to see continued growth in net profit, with estimates of 212 million RMB for 2025, 459 million RMB for 2026, and 569 million RMB for 2027 [4]. - The report anticipates that the company’s overseas expansion will lead to further profit growth and cost reductions due to economies of scale [4].

Core Insights - The National Development and Reform Commission has released a management approach for central budget investments aimed at energy conservation and carbon reduction, supporting new infrastructure like heating and computing power, while emphasizing funding for zero-carbon projects and carbon capture initiatives [1] - The energy storage market is poised for significant growth, driven by the integration of renewable energy and the need for stability in power systems, with the global energy storage market projected to reach $5.12 trillion by 2034, growing at a CAGR of 21.7% from 2025 to 2034 [2][3] Group 1: Energy Storage Market - The energy storage market is entering a critical growth phase, with companies like Dongfang Risen focusing on large-scale energy storage systems and integrated solutions [1][5] - Dongfang Risen's energy storage products, such as the eTron and iCon systems, have achieved significant success in global markets, maintaining a record of zero safety incidents [2] - The company is building a comprehensive operational system for lithium-ion battery storage, providing customized solutions for various energy scenarios [2][3] Group 2: Photovoltaic Industry - The photovoltaic industry is receiving a boost from government funding, which is expected to help leading companies clear out outdated capacities and gain competitive advantages [3] - Dongfang Risen is leveraging its advanced heterojunction technology and experience in solar-storage integration to navigate the industry's pricing pressures and focus on high-growth areas [3][4] - The company's solar power station business is expanding, with a focus on both centralized and residential sectors, and is actively developing distributed solar power projects [4][5] Group 3: Financial Performance - Dongfang Risen reported a 29.49% year-on-year increase in net profit for the first half of 2025, with a 39.69% increase in the second quarter [3] - The company's revenue from solar power station EPC and transfer business surged by 127.85% year-on-year, becoming a key driver of performance improvement [3]

Core Insights - Tibet has successfully initiated its first cross-regional green electricity transaction with Shanghai, delivering 7.85 million kilowatt-hours, which is expected to reduce coal consumption by 24,100 tons and cut CO2 emissions by 60,100 tons [1] - The development of renewable energy in Tibet has accelerated, with a target for renewable energy capacity to exceed 50% by the end of 2024, establishing a clean energy system dominated by renewables [1] Renewable Energy Development - Since the 14th Five-Year Plan, Tibet has focused on developing hydropower, solar, and wind energy, effectively alleviating electricity shortages during winter and spring [1] - The Batong Hydropower Station, with a total capacity of 750,000 kilowatts, has an average annual generation of 3.375 billion kilowatt-hours, sufficient to power 1.75 million households for a year [2] - The largest solar-storage power station in Tibet, Huaneng Jiawa Phase I, has a capacity of 250,000 kilowatts and a storage system that can output 200,000 kilowatt-hours for 4 hours at night [2] Wind Power Projects - The Huadian Qusong Duosui Wind Power Project has a total capacity of 40 megawatts and is expected to reduce CO2 emissions by approximately 74,400 tons annually [3] - The Aizhu 100-megawatt wind power project, located at an average altitude of 5,050 meters, aims to meet the electricity needs of about 230,000 people annually [3] Grid Infrastructure and Reliability - The completion of the Ali interconnected project in December 2020 has improved the reliability of electricity supply in Tibet to 99.6% [4] - The 500 kV transmission and transformation project in Lhasa, set to be operational by December 2024, will enhance the high-voltage grid structure [5] - The Qinghai-Tibet DC Phase II expansion has doubled the transmission capacity between Qinghai and Tibet to 1.2 million kilowatts, addressing winter electricity shortages [5] Electricity Consumption Growth - In the first seven months of 2025, Tibet's total electricity consumption reached 9.773 billion kilowatt-hours, marking a year-on-year increase of 13.33%, the highest growth rate in the country [5]

Core Viewpoint - The lithium battery industry is experiencing a positive trend, driven by strong demand for energy storage and solid-state batteries, with significant investments and advancements in technology [2][5][10]. Industry Events - The CINE2025 Solid-State Battery Exhibition and Annual Conference will be held from November 6-8, 2025, in Guangzhou, with over 200 exhibitors and 20,000 professional attendees expected [1]. - The "New Energy Storage Scale Construction Special Action Plan" was released, aiming for a new energy storage installation capacity of over 180 million kilowatts by 2027, which has positively impacted stock prices of several storage companies [7][8]. Market Performance - A-shares and Hong Kong stocks related to lithium batteries are showing strong performance, with notable increases in stock prices for companies like Zhongchuang and Tianneng, with Zhongchuang reaching a peak increase of 10.67% [2][5]. - The demand for lithium batteries is expected to rise as the year-end approaches, with significant orders for energy storage and long-term contracts for lithium iron phosphate [5][6]. Technological Advancements - Recent developments in solid-state batteries include breakthroughs in polymer electrolytes by Tsinghua University, enhancing conductivity and interface stability [11][12]. - New products such as the 588Ah energy storage cell from Chuangneng New Energy and the 628Ah large battery from Yiwei Lithium Energy have been launched, indicating a trend towards larger capacity cells [9][12]. Material Market Trends - The demand for battery materials is recovering, with positive news in the cathode materials sector, particularly for lithium iron phosphate, as companies like Longpan Technology secure significant contracts [14][15]. - The electrolyte segment is also seeing growth, with companies like Tianci Materials signing long-term contracts and expanding production capacity [15][16]. - The anode materials sector is experiencing a turnaround, with many companies reporting positive revenue growth compared to the previous year [16].

Core Viewpoint - The article emphasizes the rapid development of new energy storage technologies in China, highlighting the significant growth in installed capacity and the importance of energy storage in supporting the new power system [2][4]. Group 1: Installed Capacity Growth - As of mid-2023, China's new energy storage installed capacity reached approximately 95 million kilowatts, marking a nearly 30-fold increase over five years, positioning China as the world leader in this sector [4]. Group 2: Technological Development - The article notes a diverse range of new energy storage technologies, including large-capacity lithium-ion batteries, compressed air storage, lead-carbon batteries, and flow batteries, with lithium battery technology achieving international leadership [5]. Group 3: Industry Structure - China has established a comprehensive new energy storage industry system with a wide variety of products and complete supporting facilities, covering independent storage, shared storage, and renewable energy storage, indicating vast development potential [5]. Group 4: Company Initiatives - China Huaneng Group is committed to green and low-carbon transformation, focusing on technological innovation and optimizing energy structure. The company has made significant advancements in energy storage technology and its integration with the new power system [7]. Group 5: Demonstration Projects - China Huaneng has implemented several demonstration projects, including a 55 MW compressed air storage project in Jiangsu and a 30,000 kW molten salt storage project in Shandong, showcasing the commercial application of innovative storage solutions [7][8]. Group 6: Technological Breakthroughs - The company has overcome key technical challenges in compressed air storage and developed critical technologies for energy management systems, significantly improving system response times [8]. Group 7: Integrated Services - China Huaneng is exploring integrated development models that combine renewable energy and storage, enhancing the stability and consumption capacity of renewable energy generation [8].