本报讯(记者矫月)近日，开鑫充(杭州)管理咨询合伙企业(有限合伙)(以下简称"开鑫充有限合伙")宣布完 成2100万元A轮融资。本轮融资由深圳市卓领投资发展有限公司投资。融资资金将主要用于充电网络扩 建、运营系统升级及团队专业化建设，标志着资本市场对公司在新能源基础设施领域独特商业模式与投 资价值的高度认可。 开鑫充有限合伙不同于传统的充电桩运营商，其创新性地采用了"投资+建设+运营"一体化的发展模 式，构建了完整的产业服务链条。作为专注于新能源汽车充电设施领域的专业化投资平台，公司以资本 为纽带，深度整合产业链上下游资源，致力于打造中国领先的绿色能源基础设施投资与运营管理平台。 在业务模式上，开鑫充有限合伙形成了独特的竞争优势：通过专业的投资决策机制，筛选优质充电场站 建设项目；依托成熟的建设管理体系，确保项目高效落地；凭借精细化的运营能力，提升单站盈利能 力。这种全周期服务能力使其在快速发展的充电基础设施市场中占据了差异化竞争位置。 卓领投资发展有限公司相关负责人表示："我们看好开鑫充有限合伙团队在新能源基础设施领域的专业 投资能力和丰富的产业资源。其独特的'投资-建设-运营'一体化模式，能够有效提升资金 ...

证券代码：301607 证券简称：富特科技 公告编号：2025-018 浙江富特科技股份有限公司投资者关系活动记录表 投资者关系活 动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 __ 时间 2025 年 11 月 25 日 地点 公司会议室 参与单位名称 中邮证券、山西证券、国联民生证券、中信资管、平安资管、 光大资管、上海錾义、军璐投资、同花顺 上市公司接待 人员姓名 董事会秘书 李岩 证券事务代表 张佳意 投资者关系活 动主要内容介 绍 1、如何看待车载电源第三方供应商的竞争格局？ 国内市场看，车载电源领域主要有两大类供应商，第一类 是以主机厂自研为主，如比亚迪、特斯拉，第二类就是给整车 企业提供完整解决方案的第三方独立供应商。就第三方统计数 据看，大部分车企的车载电源产品还是以第三方独立供应商配 套为主，此外，车载电源产品整体毛利率不高，且前期研发投 入较大，具有一定技术壁垒，当前也较少有其他行业公司进入 该领域，所以近几年竞争格局趋于稳定。 2、公司能进入车载电源行业头部地位的关键要素是什么？ 目前公司国内市占率在第三方车载电源细分领域中 ...

（原标题：星星充电李宏庆：我们完成了"从一辆车到整个能源生态"的链接） 21世纪经济报道记者何煦阳 报道 11月20日，在由南方财经全媒体集团指导、21世纪经济报道主办的2025新汽车年度盛典上，星星充电 CEO李宏庆表示： "就新能源汽车和充电行业来说，我认为它应该是'相伴相生'的一个发展过程，在电动化的过程中，下 一步将会是智能化，进一步会迈向具身智能。同时在充电技术的这个过程中间，我们传统的家庭场景、 公共的这种场景，向越来越多的智慧家庭的场景、大功率超充的场景来快速地演进。在电力替代燃油的 过程中，算法也将会进一步替代掉我们大部分司机所从事的这种工作。在发展的过程中间，我想我们完 成了'从一辆车到整个能源生态'的链接，因为我们原来汽车的应用对于能源的消耗是单向的，但对于一 个家庭的用车来说，它可能会从原来的交通向能源融合、向智能高效V2G的绿色随行和极致安全来发 展。" （视频编辑：许婷婷，实习生崔晓韵） ...

Group 1: Customer Position and Market Strategy - The company has established stable partnerships with leading domestic automakers such as GAC, NIO, Great Wall, Xiaomi, Xpeng, and others, positioning itself as a core supplier in their supply chains [1] - The company has not received specific annual reduction requests from clients for the upcoming year but is preparing for potential reductions by optimizing production processes and enhancing bargaining power [1][2] Group 2: Overseas Business Development - In 2024, the company began bulk supply of overseas projects, achieving approximately 6.8% revenue from exports in the first year [3] - By the first half of 2025, the revenue share from overseas projects exceeded 17%, marking a significant step in international expansion [3] - The company faces competition from global suppliers like Bosch, Valeo, and Continental but believes its domestic market experience and rapid response capabilities provide a competitive edge [4] Group 3: Production Capacity and Efficiency - The core production bases are the Anji Plant 1 and Plant 2, with Plant 1 having a designed capacity of 1.2 million units and currently operating at full capacity [5] - Plant 2 was successfully launched earlier this year, with ongoing efforts to enhance production capacity through technological upgrades and process optimization [5] - The company emphasizes asset efficiency to avoid resource idleness while integrating smart logistics and warehousing into its long-term development plans [5] Group 4: Future Outlook and Innovations - The company is optimistic about the growth of its overseas market share, expecting a steady increase based on current project developments [6] - Progress has been made in the overseas V2G (Vehicle-to-Grid) business, with products under development that support bidirectional charging, which is seen as crucial for stabilizing and optimizing overseas power grids [7]

Industry Investment Rating - The investment rating for the electric equipment industry is "Outperform the Market" and is maintained [1] Core Viewpoints - The report highlights the issuance of the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facilities" by six departments, aiming to establish 28 million charging facilities by the end of 2027, providing over 300 million kilowatts of public charging capacity to meet the needs of more than 80 million electric vehicles [4][5] - The current public charging capacity is insufficient to meet demand during holidays and in popular areas, with a total of 17.348 million charging facilities as of August 2025, reflecting a year-on-year growth of 53.5% [5] - The report emphasizes the potential of Vehicle-to-Grid (V2G) technology to enhance the national unified electricity market, with plans to expand the pilot application of V2G facilities to over 5,000 by the end of 2027 [5] Summary by Relevant Sections Industry Overview - The closing index for the electric equipment sector is 9930.59, with a 52-week high of 10428.72 and a low of 6107.84 [1] Investment Highlights - The report suggests that public charging stations will progress towards higher power levels, which will require further enhancements to the distribution network [6] - Recommended companies for investment include Shenghong Co., Ltd. and Youyou Green Energy for charging equipment, and Teruid and Wanma Co., Ltd. for operators [6] Market Performance - The relative performance of the electric equipment sector shows a significant upward trend, with a projected increase of 27% to 55% from October 2024 to October 2025 compared to the CSI 300 index [3]

Core Viewpoint - The article highlights the launch of the largest V2G (Vehicle-to-Grid) microgrid project in China, marking a significant advancement in the integration of electric vehicles with the power grid [2][3]. Group 1: V2G Microgrid Project - The V2G microgrid project launched at GAC Aion Park is the largest of its kind in China and the first centralized V2G system integrated with a 10kV medium voltage grid [2]. - The project builds on the successful inclusion of a 124-pile V2G microgrid energy station in April, which laid a solid foundation for this large-scale initiative [3]. - GAC Group's V2G demonstration center offers users a discharge revenue of 3 yuan per kilowatt-hour during the activity period, indicating potential financial benefits for electric vehicle owners [3]. Group 2: Industry Development and Events - The 14th International Energy Storage Summit and Exhibition (ESIE 2026) will focus on the development needs of energy integration fields, including V2G and integrated energy stations, creating a comprehensive platform for industry participants [3]. - The summit will invite representatives from national energy authorities, grid companies, charging and swapping enterprises, and research institutions to discuss key topics such as the charging and swapping industry ecosystem, business models, overseas development, and technological innovation [4]. - Various companies, including Star Charging and Bull, will showcase their charging pile products and services at the summit, highlighting industry innovations and helping participants grasp the development pulse of the charging and swapping industry [4].

Core Viewpoint - The Guangzhou government has issued a work plan for the pilot city of national vehicle-to-grid (V2G) interactive applications from 2025 to 2027, emphasizing the importance of collaboration between the automotive and power sectors [1] Group 1: Project Responsibilities - The leading units of the V2G pilot projects are required to fulfill their primary responsibilities in the construction of these projects [1] - The plan includes the implementation of the "automobile + electricity" dual-chain collaborative V2G pilot project and the establishment of a benchmark demonstration area for V2G in Baiyun District [1] Group 2: Support and Infrastructure - The Guangzhou Power Supply Bureau is tasked with promoting smart and orderly charging pilot projects and ensuring the successful implementation of large-scale V2G trials [1] - The bureau will also focus on upgrading the "Yangcheng Charging" platform and the power supply service system to support the V2G pilot projects [1] Group 3: Standards and Innovation - The plan encourages the implementation units of the V2G pilot projects to improve the supporting V2G product and service systems [1] - There is an emphasis on actively participating in the development of V2G product standards, testing, certification, and technological innovation [1]

Company News - *ST Yazhen's stock experienced a significant deviation with a cumulative increase of 12% over three consecutive trading days, leading to a suspension of trading starting August 7, 2025, for a maximum of 10 trading days for verification [2] - BeiGene reported a 45.8% year-on-year increase in product revenue for the first half of 2025, totaling 17.36 billion yuan, with total revenue of 17.52 billion yuan, up 46.0% year-on-year, and a net profit of 450 million yuan, marking a return to profitability [2] - Xianhe Co. plans to invest approximately 11 billion yuan in a new integrated high-performance paper-based material project, with the first phase investment of about 5.5 billion yuan expected to generate an annual output value of approximately 5.15 billion yuan [3] - Tianyang Technology is planning to acquire a stake in Shanghai Tonglian Financial Services Co., with key transaction details yet to be determined, and it is not expected to constitute a major asset restructuring [3] - Shiyun Circuit's products have entered the supply chain of NVIDIA and AMD through OEM [4] - Defu Technology has developed ultra-thin high-strength copper foil products for applications in solid-state batteries and drones, with bulk supply already achieved [4] - Funeng Technology has completed sample delivery of sulfide all-solid-state batteries to a leading humanoid robot client and is in discussions with other major clients regarding solid-state battery needs [4] Industry Highlights - The national power grid has seen record-high electricity loads due to extreme weather, with the maximum load reaching 1.233 billion kilowatts, an increase of 53 million kilowatts compared to last year's peak [5] - The South Korean government will implement a temporary visa waiver policy for Chinese group tourists starting September 29, 2025, lasting until June 2026 [6] - The U.S. government has canceled a $500 million mRNA vaccine development project, which is seen as a significant move away from mRNA vaccine research [7] - Jingtai Holdings announced a collaboration worth approximately 47 billion HKD (about 5.99 billion USD) in the AI drug discovery field, marking one of the largest public collaborations in this sector globally [8] - The V2G industry is expected to grow significantly with the increasing number of electric vehicles, aiming for large-scale commercial application by 2030 [9][10] - The convertible bond market is experiencing a "strong redemption wave," with over 90 convertible bonds announced to exit the market due to rising stock prices [11] - CITIC Construction believes that China's commercial aerospace industry is entering a rapid development phase, with increased satellite launch frequencies and the initiation of bidding for the Qianfan constellation [12] - Huatai Securities indicates that the foundation for a long-term stabilization in the real estate sector is being established, with a focus on stabilizing price expectations and activating housing demand [13] - Tianfeng Securities warns that the risk of "re-inflation" in the U.S. remains, influenced by tariffs and consumer price levels [14]

Group 1 - The company has developed V2G (Vehicle-to-Grid) technology and products, including an integrated V2G DC charging and discharging machine and a fully liquid-cooled flexible charging and discharging system [2] - The fully liquid-cooled flexible charging and discharging system features an integrated design with charging and discharging capabilities, achieving power levels above megawatt [2] - The products support multiple charging and discharging outputs and can be applied in integrated photovoltaic energy storage charging and discharging stations as well as V2G vehicle-grid interaction demonstration projects [2]

Core Viewpoint - Guangju Energy is transitioning from a traditional oil supplier to a comprehensive energy service provider, marked by the launch of the "Juyin Nan Comprehensive Energy Demonstration Station" project, which integrates multiple energy services and enhances operational efficiency [1][2][3] Group 1: Project Overview - The Juyin Nan Comprehensive Energy Station occupies 2,260 square meters and features 33 charging terminals, allowing simultaneous charging for 33 vehicles [1] - The energy supply includes two 600kW liquid-cooled supercharging piles, enabling a 300 km range with just 5 minutes of charging, alongside 15 250kW fast-charging piles and one 30kW V2G terminal [1] - The station is equipped with 168 high-efficiency solar panels, generating an annual output of 15.2 million kWh, and a 215kWh energy storage system, contributing to a carbon reduction of approximately 120 tons per year [1] Group 2: Business Model and Services - The station features a 24-hour convenience store, an aesthetic café, and a tunnel car wash, creating an ecological loop for customers [2] - The project represents a significant step in Guangju Energy's transformation, combining traditional oil services with green energy solutions, thus mitigating energy price volatility and enhancing revenue from non-oil businesses [2][3] - The integration of V2G technology allows for participation in grid peak shaving, providing stable service fees and improving the company's brand image as a green energy service provider [2] Group 3: Strategic Implications - The project aligns with national policies promoting the scientific planning and construction of high-power charging facilities, positioning it as a city-level demonstration project [2] - Guangju Energy aims to replicate this model across its existing gas stations, utilizing modular solutions to shorten construction times and accelerate the transformation process [3] - The acquisition of 100% equity in Aerospace Ouhua for 55.18 million yuan is expected to create synergies in traditional trade operations, further supporting the company's business transformation [3]