2025 年 06 月 30 日 充电模块领先企业，探索新兴应用领域 —优优绿能（301590.SZ）公司动态研究报告 买入(首次) 投资要点 | 分析师：张涵 | S1050521110008 | | --- | --- | | zhanghan3@cfsc.com.cn | | | 联系人：罗笛箫 | S1050122110005 | | luodx@cfsc.com.cn | | | 基本数据 | 2 0 2 5-0 6-2 7 | | --- | --- | | 当前股价（元） | 160.66 | | 总市值（亿元） | 67 | | 总股本（百万股） | 42 | | 流通股本（百万股） | 8 | | 52 周价格范围（元） | 150.38-168.5 | | 日均成交额（百万元） | 462.2 | 市场表现 资料来源：Wind，华鑫证券研究 -20 0 20 40 60 80 100 (%) 优优绿能 沪深300 相关研究 ▌充电模块领先企业，探索新兴应用领域 公司已推出 15/20/30/40kW 充电模块，是行业内较早提出上 述功率产品的一线充电模块厂商。目前，20/30KW 充电模块 ...

Core Viewpoint - The construction of charging stations in Europe is lagging behind the rapid growth of electric vehicles, leading to a potential "charging station crisis" by 2030 if current trends continue [3][4]. Group 1: Current Status of Charging Infrastructure - Norway leads Europe with over 27,000 public charging stations, equating to nearly 500 stations per 100,000 people, while the UK has only 89 stations per 100,000 people despite having a population 12 times larger [2]. - The overall car-to-charging station ratio in Europe is over 15:1, while China's ratio is approximately 3:1 [2]. - The European Automobile Manufacturers Association (ACEA) warns that by 2030, the EU will need about 8.8 million charging stations, but only 1.6 million are expected to be built at the current pace [3][4]. Group 2: Challenges in Charging Station Development - The slow progress in charging station construction is attributed to complex policies, outdated electrical grid infrastructure, and uneven investment distribution [5][6][7]. - Different countries and regions have their own regulations and approval processes, leading to lengthy delays in project implementation [5]. - Many areas face outdated electrical grids that cannot support the demand for charging stations, necessitating costly and time-consuming upgrades [6]. Group 3: Investment and Infrastructure Disparities - Investment in charging infrastructure is currently fragmented, lacking sufficient funding for large-scale development [7]. - Approximately 70% of public charging stations in the EU are concentrated in a few countries like the Netherlands, Germany, and France, leaving other regions underserved [7]. Group 4: Efforts to Address the Challenges - European governments are increasing policy support and funding for charging station construction, with initiatives like the Alternative Fuels Infrastructure Regulation (AFIR) [8]. - Germany plans to increase its number of charging stations fourteenfold within three years, while the UK aims to expand its network tenfold by 2030 [8]. - Technological advancements in fast charging and the exploration of wireless charging are being pursued to enhance user experience and reduce charging times [9]. Group 5: Future Outlook - The ongoing policy support and innovative business models are expected to attract more private investment, potentially accelerating the construction of charging stations [10]. - Industry experts believe that despite current challenges, the future of charging station development in Europe remains promising as various strategies are implemented [10].

Group 1 - The article discusses the implementation of a service-oriented law enforcement model by market regulatory authorities, focusing on prevention, light penalties for minor violations, and strict penalties for serious violations [1] - The model aims to unify discretion and ensure proportional penalties, enhancing political, legal, and social outcomes [1] Group 2 - The case of Shandong Mimeng Intelligent Equipment Co., Ltd. involved the illegal bundling of a paid service with charging fees for electric bicycles, resulting in a total illegal revenue of approximately 105.35 thousand yuan from 1,170,572 transactions [2] - The company voluntarily ceased the default bundling practice and refunded all collected fees, benefiting over 150,000 consumers [3] Group 3 - The case of Qingdao Lilang Wine Co., Ltd. involved the production of sparkling wine labeled with "CHAMPAGNE," leading to the seizure of 129 boxes of infringing products and a fine of 20,000 yuan [4][6] - The enforcement agency provided guidance for the company to apply for its own trademarks, resulting in the successful registration of five trademarks [5][6] Group 4 - The case of a candy stall in Liuzhou, Guangxi, highlighted the importance of compliance with food safety regulations, where the stall was found selling bulk food without a license but was not penalized due to the minor nature of the violation [7][8] - The regulatory body provided educational support and guidance for the stall to obtain the necessary food business license [8] Group 5 - The case in Dazhou, Sichuan, involved a significant crackdown on illegal meat products, leading to the seizure of approximately 8 tons of unlicensed frozen meat valued at around 600,000 yuan [9][10] - The operation resulted in the arrest of 15 suspects and the dismantling of two cold storage warehouses, with the case now in prosecution [9][10]

Core Viewpoint - The recent regulations from the Civil Aviation Administration of China (CAAC) regarding power banks without 3C certification or those that have been recalled are causing significant industry turmoil, with over one million units recalled due to safety concerns related to battery cells and materials [1][2]. Group 1: Industry Impact - The safety issues surrounding power banks have escalated from internal industry concerns to public safety issues, prompting a potential industry reshuffle where some companies may exit the market [1]. - The crisis is seen as a turning point for the power bank industry, shifting from chaotic price competition to a focus on quality, with safety becoming a fundamental industry standard rather than a marketing point [1][5]. - The low-price competition has led to manufacturers compromising on safety by using inferior materials, which has resulted in product recalls and safety risks [4][5]. Group 2: Regulatory Changes - Starting August 1, 2023, China will implement mandatory 3C certification for lithium-ion batteries and power banks, with non-compliant products banned from production, sale, or import after August 1, 2024 [2]. - The CAAC's new regulations prohibit travelers from carrying power banks without clear 3C certification or those that have been recalled on domestic flights, highlighting the urgency of addressing safety concerns [2][6]. Group 3: Market Response - Companies are rapidly adjusting their strategies in response to the crisis, with some terminating partnerships with problematic battery suppliers and seeking collaborations with reputable manufacturers [6]. - The crisis is expected to lead to an increase in the average price of compliant products, as new suppliers may charge higher costs, thus restructuring the pricing landscape of the industry [6]. - There is a growing concern about the potential extension of these regulations to other battery-operated devices, such as cameras and drones, although no immediate changes have been announced [7].

Core Viewpoint - The article discusses the recent safety issues surrounding the power banks produced by Romoss and Anker, primarily linked to faulty battery cells supplied by Amperes, leading to recalls and safety concerns in the industry [3][7][9]. Group 1: Incident Overview - Romoss has recalled 490,000 power banks due to safety hazards, with nearly all of its 3C certifications revoked [7]. - Anker also announced a recall of 710,000 power banks, indicating a broader issue within the industry [9]. - The root cause of these recalls is traced back to Amperes, which outsourced battery cell production to a factory that violated material standards, resulting in a risk of thermal runaway and explosions [9][10]. Group 2: Industry Implications - The incident highlights systemic issues within the power bank industry, where intense competition leads to cost-cutting measures that compromise safety [40][42]. - The article emphasizes that brands like OPPO and Huawei can afford to prioritize safety over cost, unlike many power bank manufacturers [44]. - The quality of battery cells is critical, and the article suggests that lower-priced products often correlate with higher risks of failure [47]. Group 3: Regulatory Response - Following the incidents, the Civil Aviation Administration of China issued a notice banning nearly all power banks released before August 2024 that lack 3C certification from being taken on flights [29]. - The enforcement of this regulation has led to confusion and inconsistency in how different airports and transport systems handle power bank inspections [39][40]. Group 4: Consumer Awareness - Consumers are advised to check the models of their power banks and inquire about any recall announcements, as the risk extends beyond just Romoss products [14][15]. - The article suggests that the industry must adopt stricter oversight and ethical practices to prevent future incidents and protect consumer safety [48][50].

1.马斯克切脑全场震撼，插脑只要1.5秒，26年治愈失明 最近，马斯克带着脑机接口Neuralink团队，开了1小时发布会，整个过程亮点满满，Neuralink宣布，目前全 球已经有七人植入了设备。通过「心灵感应」产品，他们重获跟物理世界交互的能力，可以用大脑玩马里 奥赛车、使命召唤，甚至可以控制机械臂写字了。 2.克莱斯勒在美召回超25万辆汽车 6月28日，据美国国家公路交通安全管理局（NHTSA）披露，由于左右侧帘式安全气囊可能因接缝密封不当 而导致压力保持力不足，克莱斯勒召回部分2022-2025年款Pacifica和Voyager汽车，共计250,651辆。 3.特斯拉首辆全自动驾驶汽车交付，雷军：确实了不起，我们继续学习 据新浪财经，特斯拉副总裁陶琳发微博称，历史上首次车辆自己交付到车主手中。全程没有驾驶员、没有 远程操控，最高时速达到115公里，平安来到客户家门口。这是一台焕新Model Y。小米创办人，董事长兼 CEO雷军转发其博文称，特斯拉确实了不起，在很多领域引领行业趋势，尤其是FSD。"我们还要继续学 习。" 点评：特斯拉领跑智驾赛道，雷军谦逊致敬显格局。科技竞速，中国力量正加速追赶。 4 ...

【环球网财经综合报道】日前，民航局发布"3C禁令"，禁止携带无3C标识及被召回的充电宝上境内航班，收紧了对充 电宝的航空安全管控，国内多地机场已明确将按此规定实施。这一禁令"击中"充电宝主要使用场景，影响重大。 我国自2023年8月1日起对充电宝实施3C认证管理，2024年8月1日起，未获认证证书和标注认证标志的不得出厂、销 售、进口或用于其他经营活动。但目前市面上和消费者手中的充电宝，仍有相当数量未取得3C认证，美团等主流共享 充电宝平台也存在无3C认证标识产品。 充电宝召回事件持续发酵，此前安克创新等厂商宣布与相关电芯供应商终止合作，罗马仕、绿联科技等品牌的3C认证 也有暂停。此次安全危机根源在于低价内卷，部分品牌为压缩成本，外包生产并使用低价电芯、简化隔膜结构，削弱 了产品安全冗余。据统计，售价200元以下机型中，起火、爆炸事故集中爆发，电芯不过关等是主要诱因。 此次风波中，安普瑞斯作为曾占充电宝电芯领域超90%市场份额的供应商，受影响较大。安克创新已终止与涉事电芯供 应商合作，并与宁德时代旗下宁德新能源ATL签署合作协议；倍思自查未使用风险批次电芯；李为所在公司已与亿纬锂 能等电芯厂商合作。 销售端， ...

文｜娱乐资本论 陈曦 机场从未在短时间内扣留过如此多的充电宝。 从社交平台上广为流传的图片中可以看到，在机场安检区，一筐筐被扣留的充电宝，正在堆叠成一座座小山，各种品 牌、型号毫无区别的以一种极其杂乱的方式挤在一起。每一个被扣留的充电宝背后，都是一个旅客的糟心出行体验。 机场内被扣留的充电宝们 图源：小红书 一位博主晒出了几张自己拍摄的机场扣留充电宝图片，评论区吸引了一大波人前来认领，有人说，"那个磁吸款是我 的！"还有人卷出了一个型号后评论，"这个跟我的是同款！" 不少人还会上传自己的充电宝细节图，询问网友，"我的充电宝，可以通过安检吗？" 在这些被扣留的充电宝中，钟华（化名）占了两个位置。她在新疆旅游完准备回上海，到达机场时距离起飞只有一个多 小时，她一路小跑，追赶时间。但在托运时，却被告知自己的两个罗马仕充电宝要被扣留。既不能寄快递，短时间内又 不能找人来拿，最后只能遗弃。 作为重度手机成瘾者，她已经习惯了一天24小时，手机不离身，充电宝满格电，"这样才有安全感"。但如今，不仅"安 全感"被没收，自己还损失了近300元，"两个充电宝都刚买没多久，还很新"。 出差回来的段小新（化名）同样如此。出差前，他特 ...

Core Viewpoint - The construction of rural public charging stations in Ruian, Zhejiang, aims to enhance green travel, improve living service facilities, and promote low-carbon development through a "village-enterprise joint construction" model [1][2][3] Group 1: Infrastructure Development - The Ruian government and a state-owned construction company have initiated the construction of public charging stations in rural areas, addressing the low utilization of charging infrastructure and the challenges in attracting investment [1] - In 2023, the state-owned enterprise established 10 charging stations with 38 charging guns in Caocun Town, extending urban charging services to rural areas [1] - Currently, 27 charging stations with 135 charging guns have been built in collaboration with 27 villages across six townships in Ruian [1] Group 2: Economic Impact - The "village-enterprise joint construction" model allows for the utilization of idle or abandoned land for charging stations, with village collectives providing land for free and enterprises handling construction and operation [2] - Approximately 1,900 square meters of collective land have been revitalized, with an expected annual revenue of about 200,000 yuan from the charging stations [2] - The operation of these charging stations has also stimulated tourism-related consumption, benefiting local businesses such as farmhouses, homestays, and agricultural picking [2] Group 3: Strategic Goals - The initiative aligns with the rural revitalization strategy, focusing on scientific planning of the new energy charging network and directing investments towards remote areas [2] - The project aims to create a replicable energy solution for rural development while fostering mutual benefits between villages and enterprises [3]

IT之家 6 月 28 日消息，今年以来，旅客携带的充电宝等锂电池产品机上起火冒烟事件多发。近期多个头部品牌充电宝厂家因电芯存在安全风险对多批次产 品实施召回。 参考民航局通知，自今天起旅客禁止携带没有 3C 标识、3C 标识不清晰、被召回型号或批次的充电宝乘坐境内航班。不过后续有网友发现，电商平台有商 家正在售卖"CCC 贴纸""3C 贴纸"，标价低至 0.91 元 1260 枚。 ▲ 昨日二手平台相应关键词搜索结果 目前，IT之家检索发现，多个电商平台针对"3C 贴纸"等关键词已设置屏蔽词，相应内容已无法被搜索到。二手交易平台上也基本搜索不到相应内容。 公开信息显示，3C 认证（China Compulsory Certification，中国强制性产品认证）始于 2002 年 5 月 1 日，是我国为统一产品安全标准、替代原"长城认 证""CCIB 认证"等分散认证体系而推行的强制性制度。 其核心法律依据为《强制性产品认证管理规定》，旨在通过统一技术规范、标准和合格评定程序，防范不合格产品（如漏电电器、易燃玩具）对消费者人身 安全、国家安全及环境造成风险。 3C 认证是《中华人民共和国认证认可条例》明确 ...