Core Viewpoint - The article highlights the successful collaboration of Haibo Sichuang Technology Co., Ltd. with several companies in the U.S. for energy storage projects, marking a significant milestone in the company's international strategy in the Americas [1][2]. Group 1: Project Details - Haibo Sichuang's U.S. subsidiary has partnered with a well-known independent power producer and other enterprises to provide energy storage system solutions for projects in California and Georgia [1]. - The total supply of products for the project has exceeded 420 MWh, with all deliveries completed on schedule [1]. - The deployed HyperBlock III 5MWh liquid-cooled energy storage system will focus on energy dispatch needs for grid storage stations, providing peak shaving and frequency regulation services [1]. Group 2: Operational Impact - The project aims to alleviate local grid supply-demand fluctuations and optimize the efficiency of renewable energy consumption, ensuring power supply for nearly 20,000 households daily [1]. - After entering the commercial operation phase, Haibo Sichuang will continue to provide long-term quality assurance and localized after-sales services, ensuring ongoing performance optimization and stable operation of the project [1]. Group 3: Company Positioning and Future Outlook - As a global leader in the energy storage industry, Haibo Sichuang has participated in over 400 energy storage projects, achieving a cumulative scale of over 45 GWh [2]. - The company has established a localized service network across continents, providing 24/7 support and lifecycle technical assurance to ensure stable and efficient operation of energy storage projects [2]. - Looking ahead, Haibo Sichuang aims to leverage its technological research and global operations to deepen international cooperation and accelerate the layout of comprehensive energy services, contributing to the transition to a green and low-carbon energy structure [2].

Core Viewpoint - Longi Green Energy reported a net profit attributable to shareholders of -3.403 billion yuan for the first three quarters, with a continued narrowing of losses year-on-year, and a Q3 net profit of -834 million yuan, reducing losses by 299 million yuan quarter-on-quarter [1] Financial Performance - The company has shown a continuous reduction in losses, with Q3 results indicating a significant improvement compared to previous quarters [1] - The proportion of BC second-generation modules in total BC module shipments exceeded 95% in Q3, enhancing the company's competitive advantage through high-value, scenario-based solutions [1] Strategic Moves - Longi Green Energy is entering the energy storage sector by acquiring a controlling stake in Suzhou Precision Control Energy Technology Co., Ltd., aiming for approximately 62% of voting rights [1] - The acquisition is expected to leverage Longi's established brand and channel advantages in the global renewable energy sector, facilitating synergy in the solar-storage business and opening new growth opportunities [1] Market Position - Precision Control Energy has a global presence with operations in key regions including mainland China, Europe, North America, and Australia, boasting a global production capacity of 31 GWh and over 10 GWh of grid-connected capacity [1]

Core Viewpoint - The company is actively monitoring and moderately advancing its development in the energy storage business [1] Company Summary - Hengdian East Magnetic (002056.SZ) has expressed interest in the energy storage sector through its interactions on investor platforms [1]

Economic Outlook - China's economy is expected to grow at 4.9% in 2026, with infrastructure investment accelerating and manufacturing investment maintaining at 6%[11] - CPI is projected to have a slight positive growth of 0.5%, while PPI's decline is expected to narrow to -0.9%[12] - Fiscal policy will remain expansionary, with an increase of 620 billion yuan in incremental funds compared to 2025[13] Asset Allocation - The overall preference for asset allocation is ranked as follows: stocks > commodities (industrial) > gold > currency > bonds[7] - 10-year bond yields are expected to fluctuate between 1.70%-2.0%, while 30-year yields are projected to be in the range of 1.90%-2.30%[32] - The RMB is anticipated to gradually appreciate, potentially reaching around 6.80 by the end of 2026, with annualized volatility maintained at 3.0%-4.0%[35] Stock Market Insights - A-shares are entering the next phase of an "innovation bull market," driven by inflation recovery and liquidity supporting valuation increases[3] - The overall A-share market has seen a 73.4% increase from February 2024 to November 2025, with valuation recovery being a significant driver[51] - A-share earnings are expected to rise significantly in 2026, supported by improved PPI and the implementation of "anti-involution" policies[52] Commodity Market Trends - Commodities like copper and aluminum are expected to benefit from increased demand driven by AI and new energy sectors, indicating a long-term price increase[39] - The "green inflation" narrative is expected to continue, with supply constraints and demand from new economic sectors driving prices higher[43] - The "anti-involution" policy is anticipated to stabilize commodity markets by addressing overcapacity in certain industries[41] Gold Market Outlook - Gold prices are projected to oscillate between $4,000-$4,200 per ounce through the end of 2025, with an upward trend expected in 2026 due to liquidity easing[50] - The historical bull market in gold has been supported by central bank purchases and a weakening of global sovereign currency credit[44]

Core Insights - The conference theme "Paddling in the Middle Stream" reflects the industry's recognition of deep changes in the primary market, emphasizing the need to accumulate strength for future progress [3] - The event gathered influential figures from various sectors, highlighting the importance of cross-capital collaboration and the evolving landscape of investment opportunities [3] Group 1: Market Trends and Insights - The CEO of 投中信息, Yang Xiaolei, indicated that the industry is at a turning point with improved sentiment and data, but it is unlikely to return to previous highs. He noted that state-owned capital now constitutes 75%-80% of market funding, acting as a stabilizing force [6] - Guo Xinyu, Chief Economist at Guo Xin Securities, discussed the transition period of China's economy, facing challenges like deflation and insufficient domestic demand, while policy support is aiding market recovery. He predicts that by 2026, multiple driving forces, especially in technology, will enhance market returns [8] - Qiu Zhongwei, Chairman of Taikang China, highlighted the growth potential of China's M&A funds, which focus on cash flow and operational management, and are expected to increase their market share to international levels [10] Group 2: Sector-Specific Developments - Jie Xiaoyong, President of Industrial Investment at Sunshine Power, emphasized the long-term potential of the renewable energy sector, particularly in solar and storage, and the importance of industrial mergers for competitive growth [12] - Xu Yirong, Vice President of Shanghai Guotou, discussed the company's innovative fund management practices and its focus on supporting long-term projects through a comprehensive fund matrix [14] - Lu Shengdong from ICBC Investment shared insights on AIC's investments in hard technology and strategic emerging industries, emphasizing a long-term and value-driven investment approach [16] Group 3: Historical Context and Future Directions - The conference featured discussions on the newly published book "History of Venture Capital in China," which chronicles the evolution of the venture capital industry over the past two decades, providing insights into key institutions and events that shaped the market [22] - The "2025 Annual Limited Partner List" was released, showcasing significant awards and rankings that reflect the dynamics of China's private equity market, serving as a reference for institutional positioning and strategy [23] - The event concluded with a call for continued collaboration and innovation in the private equity sector, aiming to drive sustainable growth and value creation in the future [24]

Core Viewpoint - The signing of a large-scale energy storage industry project between Haibo Sichuang and Xining Economic and Technological Development Zone marks a significant step towards long-term cooperation in the energy storage sector in Xining [1] Group 1: Project Overview - The signed project includes two main components: energy storage system integration production and energy storage station construction, which is a key initiative for the company's strategy in the northwest market [1] - The company plans to establish a new intelligent manufacturing base in the Nanchuan Industrial Park in Xining, focusing on green and intelligent development, aiming to create a green factory, zero-carbon factory, and digital factory [1] Group 2: Future Plans and Goals - Haibo Sichuang aims to use the Xining Development Zone as a core to radiate throughout Qinghai Province, promoting the construction of large-scale energy storage stations [1] - During the 14th Five-Year Plan period, the company plans to implement several independent energy storage projects in Qinghai Province, contributing to the province's clean energy demonstration and supporting the construction of an integrated new power system [1] - The company intends to leverage its industrial advantages to help Xining become a significant new energy storage industry base in the country, promoting the large-scale and clustered development of the energy storage industry [1]

Core Insights - The seventh Future Energy Conference's "Global CTO Forum" focused on technology-driven reconstruction of future energy systems, emphasizing cutting-edge innovations and engineering practices [1] Group 1: Safety Challenges in Energy Storage - The energy storage industry faces significant safety challenges, with a total of 167 safety incidents reported globally by May 2025, primarily due to inadequate thermal management [1] - Early cooling technologies, such as air cooling, have low thermal efficiency, while liquid cooling has limitations as energy density increases beyond 6 MWh, failing to meet safety requirements [1] Group 2: Immersion Cooling Technology - The immersion cooling system innovatively applies over 70 years of transformer oil cooling technology to electrochemical energy storage, revolutionizing thermal management [2] - Key breakthroughs of immersion cooling include significantly improved heat dissipation efficiency, enhanced safety through the use of environmentally friendly GTL synthetic oil, and extended system lifespan by over 20% due to precise temperature control [2] Group 3: Validation and Application - The safety and performance of the immersion cooling system have been validated through extensive testing, demonstrating rapid temperature recovery and self-extinguishing capabilities in fire scenarios [2] - The system has been successfully implemented in various locations, including Jinan Supercharging Station and Shanxi Coal Mine backup power, maintaining stable operational status [2] Group 4: Future Directions and Industry Standards - "High safety" is becoming a core competitive barrier in the energy storage industry, especially in emerging applications like large storage and AI data centers, where safety redundancy and stability are paramount [3] - The company plans to continue developing immersion cooling technology while optimizing solutions for increased storage capacity and power, aiming to lower operational costs and promote industry safety standards [3]

-广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 亿纬锂能储能欧洲区销售总监叶坤燕表示："Vimab BESS AB拥有专业的项目运营能力、丰富的 运营经验，本次携手是进一步深化合作的结果，更体现了双方发挥各自优势，共同为欧洲绿色能源 发展助力的信心与决心。我们期待后续持续深耕本土化服务，为全球能源转型贡献力量。" 以产品力、服务力筑牢欧洲本地化根基 欧洲气候、地理环境复杂多样，对储能系统的性能稳定性、环境适应性及安全可靠性提出严苛要 求。亿纬锂能以技术创新为核心，提供采用高能量密度、高安全性、高可靠性储能电池技术的产 品，配备智能BMS系统，保障极端环境下稳定运行。同时，公司将为Vimab BESS AB提供全链路 支持，覆盖产品交付至后期运维的全流程服务。 当前，亿纬锂能正通过战略性本土合作加速欧洲布局，依托德国办公室持续完善本地化销售团队、 工程及售后服务体系，确保为客户提供快速响应、全场景解决方案与服务保障。此次与Vimab BESS AB的合作，正是本地化战略落地的关键实践——以本土伙伴的资源优势为依托，精准地匹 配欧洲市场需求。 本文来源：亿纬锂 ...

Core Insights - The company reported a revenue of 50.915 billion yuan for the first three quarters of 2025, a year-on-year decrease of 13.10%, with a net profit attributable to shareholders of -3.403 billion yuan, showing a reduction in losses compared to the previous year [1] - The company is acquiring a controlling stake in Suzhou Jingkong Energy Technology Co., Ltd., which specializes in lithium-ion battery energy storage systems, indicating a strategic move into the energy storage sector [2] - The photovoltaic industry is experiencing a "de-involution" trend, which is expected to improve pricing and profitability across the supply chain [2] Financial Performance - For Q3 2025, the company achieved a revenue of 18.101 billion yuan, down 9.78% year-on-year and 5.53% quarter-on-quarter, with a net profit of -0.834 billion yuan, showing significant reduction in losses compared to the previous quarter [1] - The company sold 11.26 GW, 13.46 GW, and 13.43 GW of silicon wafers in the first three quarters, and 16.93 GW, 24.92 GW, and 21.58 GW of battery modules, indicating stable sales performance [1] Strategic Moves - The acquisition of approximately 61.9998% voting rights in Jingkong Energy will allow the company to control the energy storage business, enhancing its product offerings in this growing market [2] - A significant launch event for energy storage solutions was held in London, showcasing the company's strategic direction in energy storage [2] Industry Outlook - The ongoing "de-involution" policies in the photovoltaic industry are expected to stabilize prices and improve profitability, which could benefit the company [2] - The company is projected to see revenue growth from 65.434 billion yuan in 2025 to 96.332 billion yuan in 2027, with net profits expected to turn positive by 2026 [3]

Core Insights - EVE Energy has signed a three-year memorandum of understanding with Swedish energy storage system integrator Vimab BESS AB to jointly promote a 1.48 GWh energy storage project in Northern Europe [1] Group 1: Partnership and Project Details - The agreement designates EVE Energy as the core supplier for Vimab BESS AB, providing high-performance energy storage batteries, storage system products, and technical support [1] - The first batch of orders is scheduled for shipment in December [1] Group 2: Technical Capabilities and Support - EVE Energy focuses on technological innovation, offering products with high energy density, safety, and reliability, equipped with intelligent BMS systems to ensure stable operation in extreme environments [1] - The company will provide comprehensive support to Vimab BESS AB, covering the entire process from product delivery to post-operation maintenance [1]