中信建投电力设备及新能源首席分析师朱玥表示，持续看多锂电、储能。储能增长的核心逻辑是新能源 渗透率提升和储能系统成本下降的共振。目前国内储能市场需求强劲，锂电池排产旺盛，储能电池出现 涨价迹象；5.31后淡季不淡，项目招标高增。原因主要可分为两点，一是多省推出容量补偿、容量租赁 等政策提升储能项目收益确定性；二是新能源全面入市背景下峰谷价差拉大。目前山东等省市场化程度 高，储能电站经济性好；蒙西限电较为严重，配储比例有很大提升空间。海外来看，美国关税、法案等 扰动因素已逐步消除，欧洲、澳洲、拉美、东南亚等地需求良好。 对于锂电板块，朱玥称，已经兑现2025年市场需求超预期，当前核心矛盾为2026年需求预期是否继续上 修，后续持续关注储能招标及装机数据、2026年指引置信度、2026年汽车以旧换新等政策延续情况以及 锂电排产信息等。 消息面上，第一财经记者了解到，周末券商分析师热推宁德时代。有券商分析师对宁德时代2026年的排 产指引预测达到了1.1TWh，同比增长超40%，正式进入TWh时代；对于今年的排产情况，截至上周 中，宁德时代全年排产达750GWh，超出市场预期。 基于电池板块头部聚拢效应显现，储能需 ...

Core Viewpoint - The A-share market showed a collective rise on September 10, with major indices experiencing slight gains, indicating a stable market environment despite a decrease in trading volume [3][4]. Market Performance - The Shanghai Composite Index closed at 3812.22 points, up 0.13%, while the Shenzhen Component Index rose 0.38% to 12557.68 points, and the ChiNext Index increased by 1.27% to 2904.27 points [3][4]. - The total trading volume in the Shanghai and Shenzhen markets was 1.98 trillion yuan, a decrease of 140.4 billion yuan from the previous trading day [3]. Sector Performance - The film, oil and gas, and communication engineering sectors led the gains, while energy metals, organic silicon, and battery sectors showed weakness [6]. - Specific sector performances included: - Oil and gas extraction and services rose by 3.64% with a net inflow of 377 million yuan [7]. - The film and cinema sector increased by 3.13%, attracting 753 million yuan [8]. - The energy metals sector declined by 1.88%, with a net outflow of 910 million yuan [9]. Individual Stock Highlights - Notable stock performances included: - Tongyuan Petroleum surged over 14%, and Keli Co. rose over 10% [6]. - Victory Technology had a trading volume of nearly 25 billion yuan, increasing by over 12% [9]. - Dongshan Precision hit a new high, closing at 72.22 yuan per share [9]. Capital Flow - Main capital inflows were observed in the electronics, communication, and computer sectors, while outflows were noted in power equipment, basic chemicals, and non-ferrous metals [11]. - Specific net inflows included: - Industrial Fulian with 3.98 billion yuan, Leo Group with 1.64 billion yuan, and China Unicom with 1.325 billion yuan [12]. - Notable net outflows included: - Ningde Times with 949 million yuan, Northern Rare Earth with 761 million yuan, and Wolong Electric with 692 million yuan [13]. Institutional Insights - Dongfang Securities indicated that the market is currently experiencing a phase of risk aversion due to overseas recession risks and dollar depreciation, suggesting a focus on low-position sectors and high-growth technology tracks for long-term investment [15]. - Guotai Junan Securities noted a shift within technology stocks, with lagging stocks expected to catch up [16].

Group 1 - The lithium battery sector has experienced a significant decline, and investors are advised against blindly bottom-fishing or increasing their positions [1] - After electric vehicle sales surpass 50% market share, the ceiling for electric vehicle sales is becoming apparent, indicating that the explosive growth period for electric vehicles and the lithium sector will shorten [1]

（文章来源：第一财经） 银河证券周健表示，在电车销售占比超过50%以后，电车销售的天花板渐渐显现，未来电车乃至锂电板 块业绩爆发式增长的红利期将缩短。 巨丰投资首席投资顾问张翠霞表示，锂电池板块大幅下挫，勿盲目抄底或加码。 ...