行业走势图 数据来源：聚源 -12% 0% 12% 24% 36% 48% 2024-07 2024-11 2025-03 电力设备 沪深300 相关研究报告 《低空经济行业点评（第二十三期）： 中国民航局成立通用航空和低空经济 工作领导小组，顶层设计强化—行业 点评报告》-2025.7.9 《固态电池行业点评（第四期）：上 海洗霸拟参竞拍有研稀土硫化锂相关 资产，多家公司固态铜箔供应 —行业 点评报告》-2025.7.9 《低空经济行业周报（第二十二期）： 民用航空法修订案二审，亿航在印尼 完成首次无人驾驶载人飞行—行业周 报》-2025.6.29 固态电池行业周报（第五期）：全环节产业化加速， 2027 年上车、2030 年规模化节点进一步明确 电力设备 2025 年 07 月 13 日 投资评级：看好（维持） ——行业周报 殷晟路（分析师） yinshenglu@kysec.cn 证书编号：S0790522080001 全环节产业化加速，2027 上车测试/2030 年规模化应用的时间节点进一步明确 （1）正极材料&电解质：7 月 7 日，三祥新材表示锆基卤化物材料目前已向下 游电池企业小批量供货。7 ...

证券研究报告|投资策略周报 [Table_Date] 2025 年 07 月 13 日 [Table_Title] "平准基金"成 A 股稳定器，三主线望走牛 [Table_Title2] 投资策略周报 [Table_Summary] ·市场回顾： 国内市场股债跷跷板效应明显，"反内卷"持续推进和地产重要会议预期发酵等因素，共同驱动市场风险偏好回 升，股市、商品市场上涨，债券市场则受到压制。本周 A 股主要指数普涨，上证指数站上 3500 点，其中房地产、 钢铁、非银金融领涨；银行指数于周四创历史新高后，周五出现调整。国内商品方面，"反内卷"相关板块多晶 硅、焦煤、焦炭领涨；国际商品方面，本周美国宣布对进口铜加征 50%的关税，引发美铜大涨，伦铜下跌。外汇 方面，本周美元指数回升，非美货币则下跌。 ·市场展望："平准基金"成 A 股稳定器，三主线望走牛。沪指年内首次站上 3500 点，大金融、"反内卷"和科技 主题交替轮动上行，股市融资资金和陆股通资金成交占比明显回升，反映赚钱效应推动市场风险偏好回暖。本轮 "623"启动的行情与去年"924"行情不同的是，当前 A 股市场估值已从底部区域回到历史中位数上方， ...

主办方：起点固态电池、SSBA全固态电池联盟、起点研究 SPIR 总冠名: 茹天科技 CATALOGUE 02 03 04 · 1111 01111 | 01 活动背景与意义 | | --- | | 02 核心技术议题 | | 03 议程框架设计 | | 04 活动组织架构 | | 05 宣传推广方案 | CHAPTER 论坛背景与意 · 2121 硫化物全固态电池技术发展现状分 · 能量密度快速提升: 硫化物全固态电池能量密度预计从2025年的350Wh/kg提升至2030年的500Wh/kg，年均复合 增长率达7.4%,显著高于液态锂电池进步速度。 · 商业化节奏加速: 关键节点2026年实现规模化生产（原计划2027年），反映技术突破超预期（如电解质电导率>10 mS/cm、界面稳定性提升）。 · 中日技术路线趋同: 中日企业均聚焦硫化物路线，中国2024年专利申请量达日本三倍，但日本在基础专利仍占全球 40%，显示产业化竞争白热化。 · 政策驱动明确: 国内设定2027年装车节点，企业进度普遍提前半年（如60Ah电芯2025年下线），验证政策与市场双 轮驱动效应。 技术商业化突破的核心价值 2025首 ...

Core Viewpoint - The company, Yilian, has launched a fully domestic "SSD M.2 Automation Solution" that significantly enhances manufacturing efficiency, product consistency, and cost-effectiveness in the SSD production process, addressing key pain points in consumer-grade solid-state drive (CSSD) manufacturing [1][2][12]. Group 1: Manufacturing Efficiency - The SSD M.2 Automation Solution achieves a single line UPH (Units Per Hour) of over 480 PCS/H, which is a 50% improvement compared to manual operations [1][7]. - The automation system supports multiple specifications of M.2 SSDs and operates in flexible modes, enhancing production adaptability [4][12]. - The solution has led to a near 100 PPM reduction in product defect rates through comprehensive traceability management [7][12]. Group 2: Cost Reduction - The automation solution reduces labor costs by saving 2 personnel per machine daily, thereby lowering the overall manufacturing cost of SSDs [7][12]. - The system's ability to replace manual labor stabilizes production and reduces training and labor fluctuations, contributing to a continuous decrease in total cost of ownership (TCO) for consumer-grade products [8][12]. Group 3: Quality Improvement - The automated production line has achieved a small batch order pass rate of 99.80%, with first-time pass rates for FT/BI at 98.43% and 99.57% respectively, showcasing significant quality enhancements over manual processes [8][9]. - The integration of a digital brain through the TianGong platform ensures real-time data collection and analysis, facilitating dynamic optimization of testing results [9][12]. Group 4: Industry Impact - Yilian's automation solution addresses the growing demand for high-performance and consistent manufacturing systems in the SSD market, driven by the rise of AI applications [12][13]. - The implementation of this solution has garnered positive feedback from major clients, highlighting its role in accelerating the scale of domestic high-end storage production and breaking traditional manufacturing efficiency bottlenecks [12][13].

Group 1: Photovoltaic Silicon Material Industry - The photovoltaic silicon material industry is expected to accelerate capacity consolidation, with the Ministry of Industry and Information Technology emphasizing the need for high-quality development in the solar industry [1] - By 2027, the industry is projected to enter a stable development phase, with significant advantages in the silicon material segment due to differences in capacity costs and financial strength among companies [1] - Key companies to watch include GCL-Poly Energy, Xinte Energy, Tongwei Co., and TBEA [1] Group 2: Solid-State Battery Industry - The solid-state battery industry is witnessing continuous advancements, with equipment from Winbond Technology successfully delivered to major domestic clients [2] - Material production is ramping up, with significant capacity in oxide electrolytes and expectations for sulfide electrolytes to achieve ton-level shipments by 2025 [2] - Companies of interest in this sector include Xiamen Tungsten, Tianqi Lithium, and others involved in the solid-state battery supply chain [2] Group 3: Offshore Wind Power Development - The central government is promoting the orderly development of offshore wind power, with a focus on enhancing the marine economy and encouraging private investment [3] - Goldwind Technology has secured over 7.7GW of international orders for 2024, with significant revenue growth reported for its international subsidiary [3] - Key players in the wind power sector include Goldwind Technology, Oriental Cable, and Dajin Heavy Industry [3] Group 4: Data Center Investment - Global data center investments are accelerating, with Amazon planning to invest AUD 20 billion (approximately USD 13.1 billion) in Australia and SK Telecom collaborating with Amazon Web Services for a significant data center project in South Korea [4] - The deployment of NVIDIA's GB300 AI systems is underway, indicating a growing demand for AI computing resources [4] - Companies to monitor in the AIDC power equipment sector include Jinpan Technology, Xinte Electric, and others [4] Group 5: Key Company Earnings Forecasts - The report provides earnings forecasts and investment ratings for several companies, with Goldwind Technology rated "Outperform" and projected to have an EPS of 1.28 in 2025 [5] - Jinpan Technology and other companies also received "Outperform" ratings, indicating positive market sentiment [5] Group 6: Industry Performance Overview - The electric power equipment sector outperformed the market in June, with a 6.68% increase compared to a 2.5% rise in the CSI 300 index [13] - The sector's PE ratio at the end of June was 30.3, reflecting a slight recovery in valuations [13] - The report highlights that the electric power equipment industry has shown strong performance across various sub-sectors, including lithium battery materials and wind power [23]

2025 年 07 月 10 日 开源晨会 0710 晨会纪要 ——晨会纪要 晨 会 纪 -16% 0% 16% 32% 48% 64% 2024-07 2024-11 2025-03 沪深300 创业板指 数据来源：聚源 昨日涨跌幅前五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 传媒 | 1.347 | | 农林牧渔 | 0.654 | | 商贸零售 | 0.480 | | 医药生物 | 0.430 | | 社会服务 | 0.424 | | 数据来源：聚源 | | 昨日涨跌幅后五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 有色金属 | -2.261 | | 基础化工 | -0.854 | | 电子 | -0.819 | | 国防军工 | -0.731 | | 家用电器 | -0.636 | | 数据来源：聚源 | | 吴梦迪（分析师） wumengdi@kysec.cn 证书编号：S0790521070001 观点精粹 总量视角 【宏观经济】PPI 同比或已见底——宏观经济点评-20250709 事件：6 月 CPI 同比+0.1%，预期 0%，前 ...

Group 1 - The stock of Jinbo Co., Ltd. (688598) has a comprehensive score of 54.84, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 25.15 yuan, with a 5-day main cost of 25.10 yuan, a 20-day main cost of 24.83 yuan, and a 60-day main cost of 24.22 yuan [1] - There have been no instances of the stock hitting the upper limit in the past year, and it has also not hit the lower limit [1] Group 2 - The short-term pressure level is at 25.62 yuan, while the short-term support level is at 24.63 yuan [2] - The mid-term pressure level is also at 25.62 yuan, with a mid-term support level of 22.62 yuan [2] - As of July 9, 2025, the net outflow of main funds is 10.91 million yuan, accounting for -11% of the total transaction amount [2] Group 3 - The stock has seen a net outflow of 3.35 million yuan from large orders and 7.56 million yuan from big orders, while retail investors have seen a net inflow of 53,600 yuan [2] - Related industry sectors such as photovoltaic equipment, solid-state batteries, lithium batteries, and new materials have experienced slight declines of -0.14%, -0.94%, -0.60%, and -0.86% respectively [2]

【导读】尾盘突然跳水，3500点得而复失 中国基金报记者 泰勒 兄弟姐妹们啊， 一起看看今天发生了什么事情。 7月9日，市场尾盘跳水，三大指数涨跌互现，沪指3500点得而复失。截至 收盘沪指跌0.13%，深成指跌0.06%，创业板指涨 0.16%。 两市共1856只个股上涨，61只个股涨停，3327只个股下跌。 | 880005 涨跌家 到 | | | --- | --- | | 其中 涨停 | 61 | | 涨幅 > 7% | 87 | | 涨幅 5-7% | 63 | | 涨幅 3-5% | 132 | | 涨幅 0-3% | 1574 | | 跌幅 0-3% | 3120 | | 跌幅 3-5% | 173 | | 跌幅 5-7% | 24 | | 跌幅 > 7% | 10 | | 其中 跌停 | 6 | | 上涨家数 | 1856 | | 下跌家数 | 3327 | | 平盘停牌 | 236 | | 总品种数 | 5419 | | 总成交额 | 15274.20亿 | | 总成交量 | 123707.8 / | | 涨家增减 | -854 | | 涨家增幅 | -31.51% | | 指数量比 | 1 ...

午评：沪指半日涨0.29%站上3500点 大金融股集体走强 智通财经7月9日电，市场早盘延续升势，三大指数小幅上涨，沪指站上3500点。沪深两市半日成交额 9553亿，较上个交易日放量823亿。盘面上热点较为杂乱，个股跌多涨少，全市场超3000只个股下跌。 从板块来看，大金融股震荡走强，工商银行等再创历史新高，南华期货等涨停。短剧概念股表现活跃， 欢瑞世纪涨停。水泥、电力等周期股一度冲高，福建水泥涨停。下跌方面，固态电池概念股展开调整， 宝明科技接近跌停。板块方面，多元金融、托育服务、短剧游戏、银行等板块涨幅居前，有机硅、存储 芯片、稀土永磁、固态电池等板块跌幅居前。截至收盘，沪指涨0.29%，深成指涨0.36%，创业板指涨 0.8%。 ...

摘要 全固态电池行业正从研发转向产线建设，重点是车规级电芯产线，多家 企业预计年底完成中试产线建设，并启动吉瓦时级别产线，部分企业选 择改造现有产线以保留原有设备。 当前全固态电池大规模放量的核心瓶颈是成本问题，技术上虽有突破， 但经济可行性仍需提升，同时能量密度、续航能力及循环寿命等性能指 标需进一步提高以超越液态电池。 海外企业如三星、丰田等在全固态电池技术和产业链布局方面具有先发 优势，尤其在原材料和专利布局上，但国内企业在设备制造领域，如干 法制备和等静压机等方面进展迅速。 国内厂商已成为全球全固态电池设备领域的重要领导者，尤其在干法制 备工艺及等静压机制造领域取得突破，拥有完备的锂离子电池生产设备 产业链。 固态电池未来发展的关键在于提升能量密度、续航能力及循环寿命，降 低生产成本，并加强国际合作与专利布局，加速新材料、新工艺研发。 Q&A 当前固态电池的产业化进展如何？预计何时能够实现大规模产业化？ 目前，固态电池的产业化主要集中在原材料供应和产线建设两个方面。上半年 （2025 年）及去年（2024 年），行业重点关注的是硫化锂和氧化物电解质表 面的改性等原材料供应问题。从今年下半年至明年上半年 ...