【导读】万亿宁德时代今日港股上市，曾毓群强调零碳科技公司定位 中国基金报记者邱德坤 5月20日，宁德时代在港交所主板上市，开盘价为296港元/股，较发行价上涨12.55%；截至发稿，涨幅超17%。 | HK 宁德时代 | | --- | | 03750 L2 ▼ | | 207 800 今井 296.000 最高 308.000 最低 291.000 | | 17.03% 44.800 换手 13.38% 总量1814万股 金额 53.50亿 | | 总值201.31万亿 市盈 23.42 市净 4.78 曲家 | | A股报价: 263.96 1.52% 2 (H/A)比价=1.08 > | | 分时 五日 間K 目K 申务▼ | | 均价: 294.928 最新: 307.800 44.800 17.03% | | 47 140/ 324 309 600 1300(12) 308.000 卖8 309.400 600 (4) | | 雪7 309.200 600 (4) 卖6 309.000 5.9 万 (49) | | 卖5 308.800 4700(19) | | 卖4 308.600 ૨૦૦ (૨) ...

《每日经济新闻》记者在宁德时代港股上市现场看到，宁德时代董事长、CEO曾毓群和副董事长周佳共同敲锣。 曾毓群在发言时表示，全球零碳交通是一个万亿元级的市场，正在爆发。当前全球交通体系正在重构，新能源汽车以及换电生态正进入爆发阶段，低空经 济、电动船舶等领域方兴未艾。而零碳电力体系迎来了前所未有的机遇，也面临巨大挑战。众所周知，今年4月发生的西班牙大停电暴露了当前电网柔性调 控能力较弱、储能配备不足，尤其是缺乏构网型支撑等普遍问题。"我们正在全力以赴地研究零碳电网技术，包括电力电子柔性调控虚拟电厂的技术，要打 造出新型的零碳电力系统，让零碳科技惠及千家万户。" 曾毓群提到，全球产业新能源化是零碳经济的最大增量，今年宁德时代所有的电池工厂将实现碳中和，同时宁德时代也对外输出了技术和解决方案，推动钢 铁、水泥、化工等传统产业的新能源化。 每经记者｜黄婉银 每经编辑｜陈俊杰 5月20日，全球领先的动力电池和储能电池企业宁德时代正式在香港联交所主板挂牌上市。此次宁德时代港股IPO（首次公开募股）的发行价格为每股263.00 港元，共发行1.356亿股，每手100股。截至发稿，宁德时代股价涨幅为14.60%，报301.6 ...

5月17日，国轩高科在2025全球科技大会上一下子发布了六大新品，包含业界期待已久的全固态电池， 目前已进入预量产阶段。 在2025中国全固态电池产学研协同创新平台年会上，中国科学院院士、中国电动汽车百人会副理事长欧 阳明高预计，全固态电池2027年开始装车验证，真正形成规模可能需要5年到10年时间，预计2030年实 现量产。 对比液态电池，固态电池的安全性、能量密度、使用寿命均有所提升。 中国电动汽车百人会旗下车百智库最新调研报告《全固态电池有望引领新一轮电池革命》指出，当前液 态锂离子电池能量密度已接近上限（约350Wh/kg），而全固态电池能量密度有望突破500Wh/kg，在产 品性能上具备"技术颠覆"的潜力。 因此，长期以来，固态电池也被各大动力电池厂商、新能源车企被视为下一代电池的重要开发方向。 在一次论坛中，清陶能源总经理李峥表示，今年年底可供装车的全固态电池将下线，2027年实现批量交 付。资料显示，清陶能源是一家全固态电池创业公司，公司与合作车企上汽集团在一年前宣布了上述全 固态电池量产计划。李峥称，这一目标当前进展顺利。 其中，金石全固态电池首条实验线正式贯通，设计产能达0.2GWh，良品率 ...

【导读】A股高位股跳水，"宁王"登陆港股大涨13% 中国基金报记者 安曼 5月20日早盘，央行如期下调LPR，A股、港股开盘直线拉升，获利盘趁机了结，A股冲高回落，深证成指和创业板指数一度翻绿。 不过，截至发稿，三大指数全部上涨，全市场超3000只个股上涨，其中，北证50指数盘中涨近1%，创历史新高。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3372.82 | 10203.77 | 1467.80 | | | +5.24 +0.16% +32.68 +0.32% +11.61 +0.80% | | | 科创50 | 创业板指 | 万得全A | | 998.76 | 2040.64 | 5135.36 | | +3.51 +0.35% | +7.88 +0.39% | +18.84 +0.37% | 港股表现更为强劲，三大指数涨近1%。 盘面上，继昨日集体上涨后，A股市场并购重组概念股今日再度集体走强，天汽模、滨海能源等相继涨停；隔夜国际金价大幅反弹，黄金概念集体走强， 珠宝首饰方向领涨，莱绅通灵、济高发展涨停，潮宏基、曼卡龙、特力A、赤峰黄金等涨幅靠前。 高位 ...

【文/观察者网 潘昱辰 编辑/高莘】5月20日，宁德时代在香港联合交易所主板挂牌上市（股票代码为03750.HK）。截至20日中午，宁德时代股价大涨 14.07%，报300港元。 | 宇德时代 | | 3750.HKHK | | | | | --- | --- | --- | --- | --- | --- | | 300.000 市值 300.000 2 ਵਿੰ 291.000 | | | 流通 | 1.4万亿 405亿 | 量比 换 | | 37.000 14.07% 开 296.000 PE " | | | | 23.10 | 额 | | A股 300750.SZ 260.38 0.15% | | | | 溢价率(A/H) -5.8 | | | 分时 围K | 日K | | 目K | 五日 | 臣之 | | 均价:293.571 最新:300.000 37.000 14.068% | | | | | | | 800.000 | | | | 14.07% 卖1 | 300 | | | | | | | 299 星1 | | | | | | | 明显 | | | | | | | 11:02 299 | | | ...

Group 1 - The article emphasizes the importance of "precision" in manufacturing, highlighting that mastering precision is key to technological competitiveness [2][3] - New quality productivity represents a profound transformation from quantitative to qualitative changes, requiring faster speeds and updated fields while focusing on meticulous technological refinement [1][3] - The semiconductor industry showcases advancements in chip technology, with transistor density increasing significantly from 14nm to 3nm processes, demonstrating the industry's push for higher precision [1][2] Group 2 - China is making strides in fine-tuned innovation across various industries, such as the photovoltaic sector, where Longi Green Energy's adoption of diamond wire cutting technology has drastically reduced costs and improved efficiency [3][5] - In the battery industry, CATL implements over 6,800 quality control points in its production process, ensuring rigorous testing and data tracking for each battery cell [3][5] - The logistics sector is also innovating, with Cainiao's automated warehouse in Guangzhou achieving double the storage efficiency and ten times the outbound efficiency compared to traditional warehouses [3][5] Group 3 - The configuration of resources is becoming more refined, as seen in the Suzhou Industrial Park, which integrates education, technology, and talent to enhance new quality productivity [4][5] - The development of new quality productivity is described as a micro-level revolution, emphasizing the need to embed precision into every aspect of industrial innovation to transition from a follower to a leader in global competition [5]

Economic Growth and Industrial Performance - In April, China's industrial added value above designated size grew by 6.1% year-on-year, marking a relatively fast growth rate for 2024 [1] - The service production index increased by 6% year-on-year, with information and business services showing stable growth, outpacing the overall service sector [1] Domestic Demand and Consumption - Social retail sales of consumer goods rose by 5.1% year-on-year in April, driven by the effects of the old-for-new consumption policy, which contributed 1.4 percentage points to the total growth [2] - Fixed asset investment grew by 4% year-on-year from January to April, with equipment and tool purchases increasing by 18.2%, contributing 64.5% to the overall investment growth [2] High-tech Manufacturing and New Production Capacity - The added value of high-tech manufacturing above designated size increased by 10% year-on-year, outpacing the overall industrial growth by 3.9 percentage points [4] - Key sectors such as aerospace equipment manufacturing and integrated circuit manufacturing saw significant growth, with increases of 21.4% and 21.3% respectively [4] Digital and Green Transformation - The added value of digital product manufacturing grew by 10% in April, with smart device manufacturing and electronic components experiencing accelerated growth [6] - New energy vehicles and lithium-ion batteries for vehicles showed remarkable production increases of 38.9% and 61.8% respectively [6] Consumer Market Trends - The retail sales of household appliances and audio-visual equipment surged by 38.8%, while furniture and communication equipment also saw significant growth [10] - Online retail sales of physical goods increased by 5.8% year-on-year, reflecting a growing trend in e-commerce [10] Policy Impact on Consumption - The implementation of the old-for-new consumption policy and improvements in the consumption environment have significantly boosted the consumer market [12] - The demand for green and upgraded consumption continues to rise, contributing to the stability and recovery of the consumer market [12]

Core Viewpoint - CATL, the world's largest power battery manufacturer, is set to go public in Hong Kong, marking the largest IPO in the Hong Kong market in four years, with a share price set at HKD 263 [1][3]. Financial Performance - CATL forecasts revenue of CNY 356-366 billion and net profit of CNY 49-53 billion for 2024, indicating strong financial health [3][4]. - The company's cash flow from operations for 2022, 2023, and the first three quarters of 2024 was CNY 61.2 billion, CNY 92.8 billion, and CNY 67.4 billion respectively, with cash and equivalents reaching CNY 235 billion [3][4]. Purpose of Fundraising - The funds raised from the IPO will primarily be used for overseas capacity expansion, international business development, and working capital support, aligning with CATL's long-term internationalization strategy [4][6]. Market Position and Competition - Despite being the market leader, CATL's domestic market share is projected to increase slightly to 45.08% in 2024, down from 52.1% in 2021, indicating a narrowing competitive advantage [7][14]. - The company faces increasing competition from domestic battery manufacturers and automotive companies, which are expanding their own battery production capabilities [7][14]. Strategic Expansion - CATL is actively pursuing expansion through partnerships and acquisitions, including potential investments in NIO's battery swap business, to diversify its business lines [9][11]. - The company has established six R&D centers and thirteen manufacturing bases globally, with ongoing projects in Germany, Hungary, Spain, and Indonesia [6][11]. Financial Strategy and Risks - CATL has maintained a high debt-to-asset ratio, often exceeding 60%, indicating a reliance on debt financing and a relatively aggressive financial strategy [16]. - The company's market capitalization has been volatile, influenced by competition and fluctuating raw material prices, particularly lithium carbonate [14][16]. Conclusion - While CATL remains a leader in the battery industry with promising future prospects, the current IPO pricing and low discount rate may deter ordinary investors, suggesting a cautious approach is advisable [17].

Core Viewpoint - CATL's recent IPO in Hong Kong marks a significant milestone, raising funds for international expansion amid increasing competition and market share pressures in the battery industry [1][2][3] Group 1: IPO Details - CATL officially listed on the Hong Kong Stock Exchange on May 20, with an opening increase of 12.55%, reaching HKD 296, compared to the issue price of HKD 263 [1] - The total market capitalization of CATL reached HKD 1.34 trillion, making it one of the largest IPOs in Hong Kong in recent years and potentially the largest globally for the year [1] - The IPO involved a global offering of 118 million shares, with a unique pricing strategy that set a price ceiling without discounting [1][4] Group 2: Investor Participation - The IPO attracted 23 cornerstone investors, including major entities like Sinopec and the Kuwait Investment Authority, with investments ranging from USD 30 million to USD 500 million [5] - The cornerstone investors collectively hold 57.13% of the shares offered in the IPO, indicating strong institutional interest [5] Group 3: Market Challenges - CATL faces increasing competition in the battery market, with its domestic market share declining from a peak of 52.1% in 2021 to 44.5% in 2023 [6][7] - The company's revenue growth has also slowed, with projections showing a decline in growth rates from 159% in 2021 to -9.7% in 2024 [7] - Automakers are diversifying their supply chains, reducing reliance on CATL, as seen with companies like BYD and Tesla seeking alternative suppliers [7][8] Group 4: Strategic Initiatives - CATL is exploring new growth avenues, including sodium-ion batteries and battery swapping models, to adapt to market changes [10][11] - The company aims to establish a network of battery swapping stations, with a target of 1,000 stations by 2025 and up to 40,000 in the long term [11] - The funds raised from the IPO will primarily support the construction of production facilities in Hungary, enhancing CATL's local supply capabilities in Europe [13][14] Group 5: Global Expansion and Localization - CATL's international strategy focuses on localizing operations to mitigate policy barriers and leverage local resources [14] - The company anticipates challenges in navigating EU regulations and geopolitical factors that may impact its overseas projects [12][14] - The success of CATL's international expansion, particularly in Hungary, will be crucial for maintaining its competitive edge in the global market [14]

以下文章来源于天天IPO ，作者刘博 天天IPO . 投资界（PEdaily.cn）旗下，专注IPO动态 欢迎加入投资界读者群 2 0 11年，43岁的曾毓群回到老家创立宁德时代，历经十余年时间，打造了全球动力电池 的绝对龙头。如今，曾毓群又带着宁德时代赴港上市，开启出海征程。 这也是中国新能源扬帆出海的一抹缩影——光伏、锂电池、新能源汽车，已成为中国外 贸"新三大件"。我们可以看到，越来越多的中国新能源军团正登上全球舞台，用来自中 国的科技创新影响世界。 57岁曾毓群 一手缔造万亿市值 作为宁德时代掌门人，曾毓群的故事堪称传奇。 1 9 6 8年，曾毓群出生在福建宁德一个农民家庭，后来考入上海交通大学船舶工程系。毕 业后，他被分配到福建一家国企工作。仅仅干了三个月后，他便辞去了铁饭碗，跑到东莞 新科磁电厂做一名工程师，一干就是10年。 直到19 9 9年，新科公司的高管陈棠华和梁少康找到曾毓群，希望能一起做一个电池创业 项目。经过一番沟通后，身为新科最年轻工程总监的曾毓群最终答应了。于是，新能源科 技有限公司（下称"ATL"）在香港注册成立。对于当时去做电池的决定，曾毓群曾回忆 道，"这完全是一种冲动。" ...