（文章来源：21世纪经济报道） 同时值得一提的是，在费率方面，创业板新能源ETF华夏（159368）管理费率为0.15%，托管费率为 0.05%，合计仅为0.2%。低费率助力投资者"一键上车"新能源发展投资机遇。 长江证券表示，新能源板块龙头价值凸显。当前贸易环境下，重视风险反应充分及一季报良好的主线超 跌标的，特别是储能、电力设备及锂电的出海方向。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 4月22日，市场午后震荡回升，新能源概念跌幅收窄。热门ETF中，创业板新能源ETF华夏（159368） 截至发稿跌幅收窄至0.12%，日内一度下跌0.70%。成分股方面，特锐德、湖南裕能涨超2%，国米技 术、宁德时代、晶盛机电、中科电气、道氏技术等多股涨超1%。 创业板新能源ETF华夏（159368）是全市场唯一跟踪创业板新能源指数的ETF基金，该指数主要涵盖新 能源和新能源汽车产业，包含新能源产业中的太阳能、风能、生物质能、核能；新能源汽车产业中的动 力电池、电池材料、充电设施、整车、电机和电控等。 光伏：当前板块情绪面底部明确，美国对等关税利空落地，东南亚输美 ...

每经记者 任飞 每经编辑 彭水萍 近日，广发基金旗下知名基金经理刘格菘管理的6只基金公布今年一季报。从持仓分布来看，依然重点配置在新能源车、电子、锂电、光伏、军工等领域。 值得注意的是，刘格菘本季度调仓幅度较大，各只基金前十大重仓股普遍有所调整，且多数环比去年年底有所减持。 赛力斯、亿纬锂能、北方华创遭减持明显，部分基金新进了天合光能、广东宏大、振华科技等个股。刘格菘总结称，A股市场仍向着技术创新引领的逻辑在 演绎，在行业自律、政策补贴、科技扶持等多方面的支持引导下，行业基本面会回暖向好，市场风格也会逐渐转向业绩驱动。 近日，广发基金旗下知名基金经理刘格菘管理的6只基金公布了今年一季报。总体来看，重仓股普遍遭遇减持，有的环比减持幅度较大，但在配置的方向上 依然延续此前的思路，在新能源车、电子、锂电、光伏、军工等领域布局广泛。 赛力斯、亿纬锂能、北方华创等个股是刘格菘季内主要减持的一些标的。以广发小盘成长为例，Wind统计显示，今年一季度末，亿纬锂能持仓数量为392.45 万股，这一数据比去年年底减少约53.28%。 类似的大比例减仓还有广发双擎升级，北方华创在一季度末的持仓数量降至30.39万股，相比去年年底 ...

摘要 良率问题阻碍复合集流体产业化。 铜价持续震荡， 安全性要求的提升 推动着复合集流体产业化，与此同时，随着近年来复合集流体技术攻关，复合集流体产业化项目接连落地。 今年 3 月，近百亿元复合集流体项目落地内蒙古鄂尔多斯；今年 1 月，包含 BOPP 复合集流体项目的 10 亿元新型材料项目落户新会江睦新能源双 碳产业园；另外，国泰真空复合集流体研发生产基地预计今年 5 月竣工。 除了项目方面的落地， 复合集流体领域的投融资也在持续进行。 今年 3 月份，以复合集流体研发、生产、制造为主业的安迈特获得了数亿元的 B1 轮融资；此前，主营复合集流体技术的纳力新材也获得了近 10 亿 元 A+ 轮融资 。 从产业链来看，复合集流体的大规模使用仍需要一定的时间， 但在 2025 年，复合集流体已处于初步放量阶段。 根据英联股份此前公告的内容， U&S ENERGY 将于 2025 年采购英联股份 200 万平方米复合铝箔和 100 万平方米复合铜箔；金美新材料方面也在 快速推进复合集流体量产，其已建成重庆綦江示范基地年产能 1 亿平方米。 复合集流体作为箔材领域的一项革命性材料，以其突出的安全性、减重特征、去金属 ...

据"遂宁发布"消息，4月15日，射洪市人民政府与四川富临实业集团（以下简称：富临集团）合作项目签约仪式在遂宁举行。 签约项目为 锂电正极材料生产项目，计划总投资约56亿元。 此前，富临集团已在遂宁连续投资建设3个项目。其中磷酸铁锂一、二期两个项 目已完成投资18.6亿元， 建成投产磷酸铁锂产能11万吨 ，2024年实现产值61.18亿元。 富临董事长安舟表示，富临集团创立于1995年12月，现有职工7000余人，总资产近200亿元，拥有全资、控股公司50余家，旗下富临精工 （300432）为深交所上市公司、国家级高新技术企业。从2021年年产5万吨磷酸铁锂正极材料项目到今天签约的项目，富临集团在射洪实现 了令人瞩目的"四连投"，标志着企地双方在深度合作上迈出了坚实一步。 据起点锂电了解， 富临精工已发展成为磷酸铁锂行业头部企业，目前与宁德时代等头部企业保持良好合作。 比如在3月10日， 富临精工 发布多条公告显示，控股子公司江西升华将以增资扩股方式引入战略投资者宁德时代，同时公司及江西升华与宁 德时代三方签署了《战略合作协议》。 扫码加川编进群 理吧 全球领先的锂电产业智库 台 务 服 F- B 容 品牌服务 ...

Group 1 - Liu Gesong's funds reported a total scale of 32.171 billion yuan at the end of Q1, a decrease of approximately 2 billion yuan compared to the previous quarter [2] - The main sectors for investment include new energy vehicles, electronics, lithium batteries, photovoltaics, and military industry [2] - The flagship fund, Guangfa Shuangqing Upgrade, has a year-to-date return of -3.89%, underperforming its benchmark [2] Group 2 - The concentration of the top ten holdings in Guangfa Shuangqing Upgrade decreased to 71.21% from 81.76% in the previous quarter, a decline of about 10% [2] - Six out of the top ten holdings were reduced, with the largest reduction in Beifang Huachuang, which saw a decrease of 33.83% in shares held [2][3] - New entrants to the top ten holdings include Zhenhua Technology and Fenzhong Media, while Tianhe Energy and AVIC Optoelectronics exited [3] Group 3 - Guangfa Industry Fund's latest scale is 6.38 billion yuan, down by approximately 400 million yuan [4] - New top ten holdings include Xiaomi Group-W and Alibaba-W, with Tencent Holdings seeing over a 20% increase in shares held [4] Group 4 - Guangfa Technology Pioneer Fund reduced its holdings in Seris by 10.76%, with a latest holding of 6.67 million shares valued at 840 million yuan [6] - Guangfa Small Cap Growth Fund significantly reduced its holdings in EVE Energy by 53%, with a latest holding of 3.92 million shares [7] Group 5 - Liu Gesong anticipates a steady recovery in the domestic economy, driven by government policies focusing on livelihood, consumption, and real estate [8] - The technology growth sector is expected to perform independently of economic cycles, with a higher probability of a prosperous market [9] - Liu maintains an optimistic outlook for the overall economic environment in 2024, expecting a gradual recovery of internal economic momentum [9]

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Investment Rating - The report maintains a "Positive" investment rating for the industry [3]. Core Insights - The report highlights the prominence of leading companies and the ongoing push towards new directions in the industry [1]. Summary by Sections 1. Weekly Review of the Electric New Energy Sector - The CJ Electric New Energy Index fell by 0.41% this week, with the first half of the week seeing a rebound following the broader market, while the latter half was dragged down by photovoltaic and energy storage sectors due to significant tariff impacts [9]. - Wind power, lithium batteries, and electric power equipment showed stronger performance compared to other sectors [9]. 2. Important Events Review and Outlook - The distributed photovoltaic market demand continues to weaken, leading major manufacturers to lower photovoltaic module prices by 0.01-0.03 RMB/W. However, centralized bidding project scales have recently seen a significant increase [11]. - Key contracts and agreements were signed, including a sales framework agreement for battery cells and successful bids for photovoltaic component procurement [11]. - The report notes a 4.8% year-on-year increase in total electricity consumption in March, with a cumulative increase of 2.5% for the first quarter [11]. 3. Sector Strategy Summary and Core Recommendations - The report emphasizes the importance of focusing on undervalued stocks with good quarterly reports, particularly in the energy storage, electric power equipment, and lithium battery sectors, while also keeping an eye on themes like robotics and AI [14]. - For photovoltaic, the report suggests monitoring price changes in the supply chain and production schedules for May, with specific recommendations for companies like Longi Green Energy and Tongwei Co [14]. - In the energy storage sector, the report anticipates a recovery as negative tariff impacts are priced in, recommending leading companies like Sungrow Power Supply and Dewei Co [15]. - The lithium battery sector is viewed as being at a bottom stage, with recommendations for companies like CATL and Hunan YN Energy [15]. - Wind power is expected to see increased activity in offshore projects, with recommendations for companies like Orient Cable and Mingyang Smart Energy [15]. - The electric power equipment sector is advised to focus on domestic demand and potential export opportunities, with recommendations for companies like State Grid Corporation and Mingyang Electric [15]. 4. Photovoltaic Sector Analysis - The photovoltaic module prices are under downward pressure due to weak demand in the distributed market, while centralized bidding projects are increasing [20]. - The report highlights the positive progress in new technologies, including the development of high-efficiency cells and the expansion of production capacity for new battery technologies [20][36]. - The overall sentiment in the photovoltaic sector is cautious, with expectations of a recovery in the second half of the year driven by overseas demand and supply policies [36].

Core Insights - The event "Lithium Fire Spring Gathering" was successfully held in Shanghai, attracting over 200 representatives from the lithium battery industry chain, trading companies, and financial institutions to discuss lithium resource supply and demand, lithium carbonate price trends, and the application of futures tools in risk management [1][4] - The importance of lithium resources as a core raw material for the new energy industry was emphasized, with price fluctuations directly impacting the stability of the industry chain [1] - Various industry experts provided insights on the macroeconomic outlook for 2025 and the lithium carbonate industry chain, highlighting strategic opportunities and challenges in the context of global energy transition [3] Group 1 - The event was supported by the Guangzhou Futures Exchange and organized by CITIC Futures, with collaboration from various financial institutions [1] - Keynote speeches included analyses of carbon lithium demand resilience and supply-demand balance changes, as well as innovative applications of carbon lithium options in price risk management [3] - A roundtable discussion featured representatives from various companies debating the impact of lithium extraction costs on carbon lithium prices, contributing to high-quality development in the lithium battery industry [3][4] Group 2 - The conference included participation from over 40 leading lithium battery companies and more than 30 investment institutions, providing a platform for industry elites to exchange ideas [4] - The event aimed to offer systematic solutions for the lithium battery industry to cope with price fluctuations and optimize resource allocation [4]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The price of the lithium carbonate futures 2505 contract dropped 0.4% to 70,500 yuan/ton yesterday. The average price of battery - grade lithium carbonate remained at 71,550 yuan/ton, and the industrial - grade lithium carbonate remained at 69,650 yuan/ton. The price of battery - grade lithium hydroxide (coarse particles) decreased by 50 yuan/ton to 68,900 yuan/ton, and the battery - grade lithium hydroxide (micropowder) decreased by 50 yuan/ton to 74,025 yuan/ton. The warehouse receipt inventory remained at 29,262 tons [3]. - On the supply side, the weekly output of lithium carbonate decreased by 574 tons to 17,388 tons, mainly from spodumene - based lithium extraction. The expected output in April is nearly 80,000 tons, and the daily average output increased by 4% month - on - month. On the demand side, the output of ternary materials increased significantly month - on - month, the output of lithium iron phosphate remained the same month - on - month, and the daily average consumption of lithium carbonate increased by about 5% month - on - month. The inventory turnover days of ternary cathode materials increased slightly, and the inventory of lithium iron phosphate decreased slightly. The weekly inventory increased by 585 tons to 131,605 tons, with a decrease in other aspects and an increase in both upstream and downstream [3]. - The price is expected to fluctuate around 70,000 yuan/ton. In the short term, attention should be paid to the upstream production suspension and reduction, warehouse receipt inventory, and lithium ore price trends. In the medium term, the equilibrium price center will move down, the market purchasing activity is average, and the downstream finished product inventory pressure is relatively large [3]. 3. Summary by Relevant Catalogs 3.1 Daily Data Monitoring - Futures: The closing price of the main contract and the continuous contract of lithium carbonate futures was 70,500 yuan/ton, up 80 yuan from the previous day. The price of spodumene concentrate (6%, CIF China) remained at 809 US dollars/ton. The prices of various types of lithium mica and phospho - lithium - aluminum stone decreased to varying degrees. The average price of battery - grade lithium carbonate and industrial - grade lithium carbonate remained unchanged, while the prices of various types of lithium hydroxide decreased by 50 yuan/ton, except for the CIF price of battery - grade lithium hydroxide in China, Japan, and South Korea, which remained unchanged. The price of lithium hexafluorophosphate remained at 58,500 yuan/ton [5]. - Price differences: The price difference between battery - grade lithium carbonate and industrial - grade lithium carbonate remained at 1,900 yuan/ton. The price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased by 50 yuan/ton to - 2,650 yuan/ton. The difference between the CIF price of battery - grade lithium hydroxide in China, Japan, and South Korea and the SMM battery - grade lithium hydroxide price increased by 6 yuan/ton [5]. - Precursor and cathode materials: The prices of most ternary precursors and cathode materials remained unchanged, except for the prices of ternary material 622 (polycrystalline/consumer type) which decreased by 50 yuan/ton and ternary material 811 (power type) which decreased by 20 yuan/ton. The prices of various types of lithium iron phosphate, manganese acid lithium, and cobalt acid lithium remained unchanged [5]. - Cells and batteries: The price of 523 square ternary cells increased by 0.002 yuan/Wh, the price of 523 cylindrical ternary batteries increased by 0.02 yuan/piece, the price of square lithium iron phosphate cells decreased by 0.003 yuan/Wh, and the price of cobalt acid lithium cells increased by 0.05 yuan/Ah. The prices of other cells and batteries remained unchanged [5]. 3.2 Chart Analysis - Ore prices: There are charts showing the price trends of spodumene concentrate (6%, CIF), lithium mica (1.5% - 2.0%), lithium mica (2.0% - 2.5%), and phospho - lithium - aluminum stone (6% - 7%) from 2024 to 2025 [6][8]. - Lithium and lithium salt prices: There are charts showing the price trends of metallic lithium, average price of battery - grade lithium carbonate, average price of industrial - grade lithium carbonate, and price of battery - grade lithium hydroxide from 2024 to 2025 [9][11]. - Price differences: There are charts showing the price differences between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade lithium carbonate and industrial - grade lithium carbonate, CIF battery - grade lithium hydroxide in China, Japan, and South Korea and domestic battery - grade lithium hydroxide, and the basis from 2024 to 2025 [16][19]. - Precursor and cathode materials: There are charts showing the price trends of ternary precursors and ternary materials, lithium iron phosphate, manganese acid lithium, and cobalt acid lithium from 2024 to 2025 [20][26]. - Lithium battery prices: There are charts showing the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2025 [29][32]. - Inventory: There are charts showing the inventory trends of downstream, smelters, and other links from August 15, 2024, to April 3, 2025 [34][36]. - Production cost: There is a chart showing the production profit trends of lithium carbonate from different raw materials such as外购三元极片黑粉, 外购磷酸铁锂极片黑粉, lithium mica concentrate, and spodumene concentrate from 2024 to 2025 [38][39]. 3.3 Research Team Introduction - Zhan Dapeng, a master of science, is the director of non - ferrous research at Everbright Futures Research Institute, a senior researcher of precious metals, a gold intermediate investment analyst, an excellent metal analyst of the Shanghai Futures Exchange, and the best industrial product futures analyst of Futures Daily and Securities Times. He has more than ten years of commodity research experience, serves many leading spot enterprises, and has published dozens of professional articles in public newspapers and magazines. He is often interviewed by multiple media. His team has won many awards [42]. - Wang Heng, a master of finance from the University of Adelaide in Australia, is a non - ferrous researcher at Everbright Futures Research Institute, mainly researching aluminum and silicon. He focuses on the domestic non - ferrous industry research, tracks the dynamics of the new energy industry chain, and provides timely hot - spot and policy interpretations for customers [43]. - Zhu Xi, a master of science from the University of Warwick in the UK, is a non - ferrous researcher at Everbright Futures Research Institute, mainly researching lithium and nickel. She focuses on the integration of non - ferrous metals and new energy, tracks the dynamics of the new energy industry chain, and provides timely hot - spot and policy interpretations for customers [43].

-广告- ——The End—— 本文来源： 新能源CEO驿站 。 本公众号所发表内容注明来源的，版权归原出处所有（无法查证版权的或未注 明出处的均来源于网络搜集），如有侵权请及时联系删除。转载内容只以信息传播为目的，仅供参考，不代表 本号认同其观点和立场。内容的真实性、准确性和合法性由原作者负责。 鑫椤资讯成立于2010年，主要服务于炭素、锂电、电炉钢3大行业，是中国专业产业研究和顾问公司。鑫椤资 讯以研究为中心，提供数据库、产业前瞻预测、战略咨询和媒体宣传等服务。 4 月 10 日，LGES详细披露了其固态电池的开发进展。LGES 首席执行官 Son Kwon-nam 表 示，公司计划开发包括固态电池在内的下一代电池，并将在 2030 年前推出成熟产品。 Son Kwon-nam 指出，当前开发的关键任务是提升固体电解质的离子电导率，使其达到液体电 解质的水平。他透露，LGES 新开发的 argyrodites 型（硫银锗矿）硫化物基固体电解质已在内 部测试中展现出高离子电导率，目前该材料已进入大规模生产的工艺开发阶段。 这意味着 LGES 在固态电池核心材料的研发上取得重要突破，距离商业化应用又近一步。 ...