（文章来源：证券日报） 证券日报网讯国轩高科8月13日在互动平台回答投资者提问时表示，公司旗下有多家子公司被认定为专 精特新企业。 ...

Niki：快手在中午的時候，跌幅比較急，成交額排行在港股市場榜首的位置。消息方面，市場有消息指出"快手-W(01024.HK)旗下快手本地生活近日在「團 購」頁面上線獨立「外賣」入口，可連接到「外賣省心購」的頁面，商品覆蓋漢堡披薩、咖啡奶茶、速食便當等品類，品牌包括肯德基、麥當勞、瑞幸及星 巴克等。"大家都比較關注市場競爭的情況。市場對於這個消息的反應，從股價也看的出來，比較負面一些。今日看到有投資者參與快手的認沽證產品，其 中中銀認沽證17484，行使價50元，槓桿2-3倍，明年12月到期，如果認為快手沒有調整完的話，都可以繼續關注這只產品。認購證方面，中銀認購證 17442，行使價88.93元，槓桿4倍，明年7月到期。 Simon：今日很高興再次邀請中銀國際的董事朱紅Niki做客我們的專欄，分享港股市場，不如先看看指數的情況？ Niki：感謝邀請。近期指數在25000點上上落落。今日曾經上過25000樓上，最終收市24969位置。指數走的比較牛皮，觀察後市能否企穩25000之上？目前恆 指的牛熊證街貨分佈顯示，投資者主流買入牛證。差不多65%資金買入牛證，大概有35%資金買入熊證淡倉，與上周情況一樣，沒有 ...

Core Viewpoint - The electricization of the construction machinery industry in China is accelerating, driven by major projects and market demand, leading to significant growth in lithium battery demand for electric construction machinery [4][11][18]. Group 1: Market Overview - The construction machinery industry in China has maintained stable development, with a total sales of 968,900 units in the first half of 2025, a year-on-year increase of 4.58% [7]. - The electricization rate of major construction machinery products is increasing significantly, with electric loaders seeing a sales increase of 172.8% year-on-year, reaching a penetration rate of 21.5% [7][11]. - GGII predicts that by 2030, the overall electricization penetration rate of the construction machinery industry in China will exceed 50% [8]. Group 2: Lithium Battery Demand - The demand for lithium batteries in construction machinery is expected to grow rapidly, with a shipment volume of over 11 GWh in the first half of 2025, representing a year-on-year growth of over 60% [11]. - The electric loader segment is the fastest-growing, with a year-on-year growth rate exceeding 170% [11]. - GGII estimates that by 2030, the shipment volume of lithium batteries for construction machinery in China will reach over 100 GWh, with a compound annual growth rate exceeding 36% from 2025 to 2030 [11]. Group 3: Major Projects and Opportunities - The launch of the Yarlung Zangbo River downstream hydropower project is expected to generate a demand for construction machinery equipment worth 1200-1800 billion yuan, with lithium batteries accounting for approximately 480-720 billion yuan of this cost [4]. - The project is anticipated to drive the electricization of construction machinery, benefiting leading battery manufacturers such as CATL and Eve Energy [4][11]. Group 4: Competitive Landscape - Leading lithium battery companies, including CATL and Eve Energy, are actively engaging in the electric construction machinery market, with CATL holding a market share exceeding 55% in this sector [14][15]. - Eve Energy has launched specific products for the construction machinery market, addressing key industry pain points such as battery size and lifespan [15][16]. - Other companies like BYD and Guoxuan High-Tech are also developing diverse technological routes to capture market share in the electric construction machinery segment [16].

Core Viewpoint - The article emphasizes the urgent need for standardized transportation regulations for lithium batteries to enhance safety and efficiency in the industry, especially given the rising incidents of transportation-related accidents involving lithium batteries [5]. Group 1: Transportation Safety Incidents - In 2025, the "Morning Midas" cargo ship caught fire while carrying over 3,000 vehicles, including electric and hybrid cars, likely due to a lithium battery system issue [1]. - In 2024, a container with 15 tons of lithium batteries exploded at the Port of Montreal, causing significant damage and requiring extensive firefighting efforts [2]. - Domestic incidents include a truck carrying lithium batteries catching fire in Anhui, resulting in direct economic losses of 501,000 yuan [2]. Group 2: Risks in Lithium Battery Transportation - Lithium batteries pose high risks during transportation due to their chemical properties, with external factors like collision, compression, and high temperatures potentially leading to thermal runaway [3]. - The current lack of standardized transportation protocols exacerbates these risks, with some companies using inadequate packaging and vehicles lacking temperature control [3]. Group 3: Global Dependency and Regulatory Challenges - China accounts for over 60% of global power battery production, with increasing reliance from electric vehicle manufacturers in Europe and Southeast Asia [4]. - The transportation network for lithium batteries has expanded globally, but differing national standards create barriers, such as the EU's stringent requirements on charge status and packaging materials, leading to delivery delays and fines [4]. Group 4: Importance of New National Standards - The upcoming national standard for lithium battery transportation, effective February 1, 2026, aims to address safety and efficiency issues by establishing clear classifications, packaging, and handling requirements [5]. - This standard will facilitate information sharing and documentation across different transportation modes, promoting convenience and efficiency in lithium battery logistics [5]. - From an industry perspective, the new regulations will enhance the global competitiveness of Chinese lithium batteries and support the overall stability of the new energy industry [5].

锂电池股票是当年机构、散户挤破脑袋抢购的一类资产，如今虽不至于沦落为"狗都不买"的地步，但是谁要对股民说锂电池股票多好多好、未来前景多好 多好，那股民肯定要跟他急。 短短几年时间，A股锂电池资产快速走过了概念炒作、估值泡沫、业绩验证几个阶段，特别是在业绩验证阶段，市场一下明白过来，根本要不了那么多的 锂电池产能，很多快速募资上马的项目成了过剩产能。 最近，A股锂电池资产又有点躁动，原因竟然是因为巨头宁德时代旗下锂矿采矿权到期不续，可见市场早已苦锂电池产能过剩久矣。 A股公司赴港IPO实现A+H两地上市，俨然已经成为一种标配。 前些年，A股散户、机构喊了好多年的"A股港股化"，没想到最终竟然是这样的"港股化"。 年内，继宁德时代、亿纬锂能两大锂电池巨头实现A+H后，又有一家锂电池龙头宣布赴港IPO，已经进入提交IPO招股资料阶段，这家公司就是"茂名首 富"王明旺的公司、国内锂电池排名第六的欣旺达。 欣旺达作为国内排名前10的锂电池生产商，从2018年底至2021年底，其二级市场股价一度也曾暴涨近8倍，市值一度也逼近千亿，2021年11月30日市值最 高曾达到910.19亿，这一时期锂电池最大的催化因素就是"双碳 ...

Market Performance - The Hong Kong stock market experienced a significant rally, with the Hang Seng Index rising nearly 650 points to surpass 25,500 points, marking a strong upward trend throughout the day [1] - The Hang Seng Technology Index showed remarkable performance, closing up 3.52%, while the Hang Seng Index and the China Enterprises Index increased by 2.58% and 2.62% respectively [1] Key Stocks and Sectors - Major technology stocks and large financial companies (including banks, insurance, and brokerage firms) contributed to the market's rise, with Alibaba up 6% and Tencent nearly 5%, reaching a four-year high ahead of their earnings announcement [1] - Other notable gainers included Baidu and Meituan, both rising over 4%, along with significant increases in stocks like CITIC Securities, China Bank, Agricultural Bank, and Ping An Insurance [1] - The biopharmaceutical sector remained active, with innovative drug concept stocks collectively strengthening [1] - The ongoing global AI trend led to a broad increase in AI-related stocks, with New Oriental Education Group surging 19.6%, marking the best performance [1] Underperforming Sectors - Conversely, sectors such as gambling stocks, paper industry stocks, and water utilities faced declines, with Morning Paper Industry dropping over 5% and Galaxy Entertainment and Huicai Holdings falling by 2% [1] - The education sector showed weakness, with China Oriental Education leading the decline, while lithium battery stocks experienced a pullback, with Tianqi Lithium down 1.7% [1]

创业板指冲高大涨，还能入吗？ 前两周略微调整后，创业板指这周不仅连涨三天，今天更是蓄力冲高，单日涨超3%，直逼去年高点。慢牛趋势正在确认。 近期行情复盘：为什么略微调整后就冲高？ 我们7月31日发布点评时就和大家分享过，创业板指的略微调整，主要还是基于偏短期冲高、获利盘兑现的压力，基本面方面并没有大的变化。 而之所以本周加速冲高，或和创业板权重板块——光伏的反内卷进度有关。 8月11日，宁德时代在互动平台表示，公司在宜春项目采矿许可证8月9日到期后已暂停了开采作业，这条消息一出，市场预期供需关系改善，当日开盘碳酸 锂期货直接涨停，价格超过8万元/吨，两个锂矿巨头，赣锋锂业和天齐锂业的股价双双涨停，带着创业板直接冲高，也带动了整个市场的情绪。 第二就是，美国降息预期升温。近期公布的7月消费者价格指数显示，整体通胀压力有所缓解，但核心通胀仍保持在相对较高水平。劳动力市场数据疲软进 一步强化了货币政策转向的预期。美联储副主席鲍曼公开表态支持年内降息三次，并建议9月启动降息进程。市场对美联储9月降息的预期概率已攀升至 91.5%。 创业板投资价值究竟怎么样？ 再往后看，创业板指的核心投资价值依旧突出，所以近期能感受到 ...

摩根士丹利发布研报指出，宁德时代（300750）(03750)江西锂矿据报停产至少3个月;大摩曾预计该矿在 2025年的产量约占全球供应量的4%，因此，若长时间中断，将削弱其所预测的供应盈余。不过，从长 期来看，供需平衡仍面临挑战。 大摩曾预计今年宁德时代江西宜春"枧下窝"锂矿的产量为5.85万吨，约占全球产量的4%。报道称，此次 停产预计至少持续3个月，这将进一步削减大摩目前对2025年6万吨的小幅过剩预期。短期内这给锂价带 来了上行风险，不过长期来看供需平衡仍具挑战性。 锂供应中断 随着宁德时代引发的最新一轮锂供应中断，加上近期在低价环境下其他供应端表现出的自律(例如，四 川一家5万吨锂盐生产商因利润率低而停产)，锂市场有望逐渐恢复平衡，从而支撑当前价格。不过，库 存仍处于高位，大摩注意到，如果价格反弹过快，其他供应源可能会受到激励而加快增产，这将给2026 年及以后带来挑战。 平衡本已趋紧 在最近的价格报告中，大摩指出锂价可能暂时触底，2025年供应和需求将以相同的速度增长。大摩预计 2024年结转的小幅过剩60千吨，但如果没有进一步的供应纪律，预计到2026年将增加至170千吨。取决 于建新煤矿停电的 ...

Core Viewpoint - RuiPu LanJun (00666) reported strong mid-term performance with significant revenue and profit growth, leading to a notable increase in stock price [1] Financial Performance - The company achieved a revenue of approximately 9.491 billion HKD, representing a year-on-year growth of 24.9% [1] - Gross profit reached around 829 million HKD, showing a substantial increase of 177.8% compared to the previous year [1] Product Sales - The total sales of lithium battery products amounted to 32.4 GWh, which is a remarkable growth of 100.2% year-on-year [1] - Energy storage battery shipments were 18.87 GWh, reflecting a year-on-year increase of approximately 119.3% [1] - Power battery shipments totaled 13.53 GWh, marking a year-on-year growth of 78.5% [1] Analyst Insights - According to a report from CMB International, the company's profitability is expected to continue improving due to economies of scale and refined management [1] - The firm has adjusted its gross margin forecast for 2025-2027 upwards by 2-4 percentage points and revised the net profit estimates accordingly [1] - The expectation for the company's net loss is projected to narrow to 130 million HKD in 2025, with a potential net profit of 280 million HKD in 2026 [1]

8月13日，A股三大指数震荡走强，沪指轻松突破924行情高点！"反内卷"主题持续发酵，截至14:09，同类规模领先，费率最低档的电池50ETF （159796）涨1.75%；同样费率最低档的光伏龙头ETF（516290）涨1.3%！ 电池50ETF（159796）标的指数成分股多数冲高，固德威涨超7%，银轮股份、科华数据等涨超6%，均胜电子涨超5%，宁德时代、国轩高科等 涨超3%，阳光电源、亿纬锂能等涨幅居前。 【电池50ETF（159796）标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 成交额 | 估算权重▽ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 300274 | 阳光电源 | 电力设备 | 0.45% | 48.13 Z | 12.70% | | 2 | 300750 | 宁德时代 | 电力设备 | 3.70% | 89.00 Z | 8.43% | | 3 | 002050 | 三花智控 | 家用电器 | 2.56% | 19.04亿 | 6.03% | | 4 | 300014 | 亿纬锂能 | ...