| 投资集略 | 1273001233001236000元環短且生产利润为负近 历 负 。印尼山EP 高水第一体化产硫酸湯月度生产成本为11500 21000元 膜和生产利润为正 使中国硫酸原归生产料润为正 使中国硫酸棉母生产1进口量或环比增加减少; 侧果金周20日 | | --- | --- | | | 超暂停出口4个月并考虑实施出口面额、使中国在中国周边上要较上周下降目其中却能消息使上市体为20100元吨和润滑负。引导电解法面凝锥宽化铝似量化压压AF产量或机比增加减少增加增加。使 | | | 中国成题的月生产量或称忆减少，中国进口矿价格震荡超降免到效中国酒口最优矿政策创造，库存量较上同减少减少、减少，中国电解二届48活厨房合格生产成本为1.89-1.0万吨目录的为证，使中国电 | | | 牌，氧化温强塑型6月生产出口 量环比较少增加、减少，中国强腾的月生产量或队比增加，中国三面测的月度加工费项比有所下降。外采碳带一厂箱钢体有原生产动体为0300元吨目生产利润为0.00元吨目生产利润为0.0 | | | 三方前列体内生中量或坏比较少，中国模擬法及CM三元期限体存出且量或不比增加；中国三元材料目度加工重环化官 ...

Core Insights - The report highlights a positive outlook for the communication and media sectors, with A-shares showing a slight upward trend amidst a stable economic recovery in China [5][9][10] - The report indicates that the average P/E ratios for the Shanghai Composite Index and the ChiNext Index are at 13.95 and 37.13 respectively, suggesting a favorable environment for medium to long-term investments [8][10] - The report emphasizes the importance of monitoring policy changes, market liquidity, and external market conditions as key factors influencing investment strategies [5][9] Domestic Market Performance - The Shanghai Composite Index closed at 3,402.66 with a slight increase of 0.01%, while the Shenzhen Component Index closed at 10,234.33, down by 0.11% [3] - The A-share market has shown a mixed performance with various sectors experiencing fluctuations, particularly in telecommunications, media, and banking [5][9][10] International Market Performance - The Dow Jones closed at 30,772.79, down by 0.67%, while the S&P 500 and Nasdaq also experienced declines of 0.45% and 0.15% respectively [4] - The report notes that international market conditions are impacting domestic investment sentiment, particularly in technology and communication sectors [5][9] Industry Analysis - The telecommunications sector has shown a recovery in revenue growth, with a 1.0% year-on-year increase in telecom business revenue for the first four months of 2025, totaling 598.5 billion yuan [15][17] - The report indicates a significant increase in domestic 5G mobile phone shipments, which rose by 5.6% year-on-year, reflecting strong demand in the telecommunications market [18] - The photovoltaic industry has seen a substantial increase in installed capacity, with April's new installations reaching 45.22 GW, a year-on-year growth of 214.68% [29][30] Investment Recommendations - The report suggests focusing on sectors such as telecommunications, media, and electric power for short-term investment opportunities due to their strong performance and growth potential [5][9][10] - In the photovoltaic sector, the report recommends monitoring companies involved in silicon materials and innovative technologies like perovskite solar cells, which are expected to drive future growth [30][31]

新元肇启-电新行业投资观点 长江证券研究所电力设备与新能源研究小组 2025-06-12 %% %% %% %% %% %% research.95579.com 1 证券研究报告 • 证券研究报告 • 评级 看好 维持 分析师及联系人 | 分析师 邬博华 分析师 曹海花 | 分析师 叶之楠 | 分析师 司鸿历 | | --- | --- | --- | | SAC执业证书编号：S0490522030001 | SAC执业证书编号：S0490520090003 | SAC执业证书编号：S0490520080002 | | | | SFC执业证书编号：BUD284 | | 分析师 王耀 | 分析师 任佳惠 | 分析师 周圣钧 | | SAC执业证书编号：S0490524120006 | SAC执业证书编号：S0490524070005 | SAC执业证书编号：S0490524120003 | | SAC执业证书编号：S0490514040001 SFC执业证书编号：BQK482 分析师 袁澎 SAC执业证书编号：S0490524010001 | | | %% %% research.95579.com 2 01 ...

6月12日，宁德时代董事长兼CEO曾毓群向中国工程院院士、中国科学院物理研究所研究员陈立泉颁 发"卓越贡献奖"，以致敬和感谢陈立泉先生在宁德时代创立、发展过程中做出的决定性贡献。中国科学 院物理研究所供图 中国青年报客户端北京6月12日电（中青报·中青网记者 邱晨辉）很多关注新能源的人，都听闻过宁德时 代和锂电池技术，却很少有人知道这个领域一位名叫陈立泉的奠基者。今天，一场在北京举行的颁奖仪 式，将两者再次联系在了一起。 6月12日，宁德时代新能源科技股份有限公司（简称宁德时代）在北京举行颁奖仪式，授予85岁的中国 工程院院士、中国科学院物理研究所研究员陈立泉"卓越贡献奖"，"以致敬和感谢陈立泉先生在宁德时 代创立、发展过程中做出的决定性贡献"。 陈立泉很早就意识到要想实现中国锂电池崛起，必须凝聚力量发展一批行业龙头企业。1999年，他作为 特别顾问对拟成立的宁德时代公司提出咨询意见，并答应帮忙培养相关人才。面对当时国际同行的压倒 性优势，2009年，陈立泉与宁德新能源科技有限公司（CATL）前身ATL董事长张毓婕先生击掌明 誓："中国锂电突围从CATL（宁德时代）开始"。 如今，以CATL为龙头，一批企业联 ...

分析师：牟国洪 登记编码：S0730513030002 锂电池 mough@ccnew.com 021-50586980 销量持续增长，短期建议关注 ——锂电池行业月报 证券研究报告-行业月报 强于大市(维持) 发布日期：2025 年 06 月 12 日 锂电池相对沪深 300 指数表现 资料来源：中原证券研究所，Wind 相关报告 《锂电池行业专题研究：业绩显著改善，板 块可关注》 2025-05-19 《锂电池行业月报：销量同比高增长，短期 关注》 2025-05-13 《锂电池行业月报：销量持续高增长，短期 适度关注》 2025-04-14 联系人：李智 马嵚琦 5 月锂电池板块指数走势弱于沪深 300 指数。2025 年 5 月，锂电 池指数下跌 0.01%，新能源汽车指数下跌 0.80%，而同期沪深 300 指数上涨 0.83%，锂电池指数走势弱于沪深 300 指数。 风险提示：行业政策执行力度不及预期；细分领域价格大幅波动；新 能源汽车销量不及预期；行业竞争加剧；盐湖提锂进展超预期；系统风 险。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第 1 页 / ...

港股收评：恒指收跌1.36% 阿里概念股尾盘飙升 金十数据6月12日讯，港股今日早盘低开震荡，尾盘加速下跌。港股今早大幅低开，恒指低开143点报 24223点，随后跌幅扩大，最多跌213点低见24153点，随后跌幅收窄，大市午后震荡走软，临近尾盘加 速下跌。截至收盘，恒指收跌1.36%；科指收跌2.2%，恒指大市成交额2444亿元。盘面上，贵金属、生 物医药、医药外包概念股走强，中资券商股、内险股延续涨势，影视娱乐股造好；汽车、航空股走低， 芯片股延续颓势、稀土概念、锂电池股回调。个股方面，中国稀土(00769.HK)跌超14%，小鹏汽车 (09868.HK)、百威亚太(01876.HK)跌超6.5%，云锋金融(00376.HK)涨近56%，中国生物制药(01177.HK) 涨超19%，紫金矿业(02899.HK)涨近5%。 ...

Group 1: Industry Overview - The demand in the supply chain remains strong in Q1 2025, with the battery sector showing signs of recovery in both profitability and revenue [1] - The lithium battery sector is expected to see a rebound in overall prosperity, driven by new technologies like solid-state batteries, which are anticipated to catalyze market growth starting in the second half of 2024 [1] - The industry is projected to experience profit recovery and valuation enhancement from 2025 to 2026 as new technologies are commercialized [1] Group 2: Battery Sector Insights - The current landscape in the lithium battery supply chain is favorable, with stable supply-side changes expected to lead to simultaneous revenue and profit increases [2] - Leading companies with differentiated products and advanced manufacturing capabilities are likely to maintain profitability, while some second-tier manufacturers may capture new customer orders and benefit from the trend of industry globalization [2] - Companies like Guoxuan High-Tech (002074.SZ) and CATL (300750.SZ) are expected to benefit from the upcoming harvest period of production capacity and competitive advantages from differentiated products [2] Group 3: Material Sector Insights - Despite some companies facing declining profit margins and low capacity profitability, the concentration in the lithium battery material sector is expected to increase, leading to a potential recovery in profit levels [2] - The market share of ternary cathode materials is anticipated to rebound due to improved safety performance, with potential applications in semi-solid and sodium batteries [2] - Companies such as Huayou Cobalt (603799.SH) are expected to benefit from the positive outlook on ternary cathode materials [2] Group 4: New Technology Catalysts - Solid-state batteries are entering a rapid growth phase, with companies releasing technology solutions and industrial applications, which may accelerate the commercialization process [3] - Companies with a first-mover advantage in solid-state battery technology are likely to benefit significantly, with Guoxuan High-Tech being highlighted for its leading position [3] - Sodium batteries have reached a critical cost threshold for large-scale applications, particularly in extreme environment energy storage and electric two-wheelers, with companies like CATL and Huayang Co. (600348.SH) expected to benefit from this trend [3]

近日，惠州亿纬锂能股份有限公司发布关于筹划发行H股股票并在香港联合交易所有限公司上 市的提示性公告。公告显示，为提升资本实力与综合竞争力，满足国际业务发展需求，深入推 进全球化战略，公司拟发行H股股票，并在香港联合交易所有限公司主板挂牌上市。 2025年6月7日，亿纬锂能召开了第六届董事会第五十三次会议和第六届监事会第五十次会 议，审议通过了《关于公司发行H股股票并在香港联合交易所有限公司上市的议案》《关于公 司发行H股股票并在香港联合交易所有限公司上市方案的议案》等与本次发行上市相关的议 案。 截至目前，亿纬锂能正积极与相关中介机构就本次发行上市的相关工作进行商讨，除公司第六 届董事会第五十三次会议审议通过的相关议案外，其他关于本次发行上市的具体细节尚未确 定。 根据相关规定，公司本次发行上市尚需提交公司股东大会审议，并需要取得中国证券监督管理 委员会和香港联交所等相关政府机关、监管机构、证券交易所批准、核准或备案，本次发行上 市能否通过审议、备案和审核程序并最终实施具有重大不确定性。公司将依据相关法规的规 定，根据本次发行上市的后续进展情1/2况及时履行信息披露义务。敬请广大投资者关注后续 公告，注意投资 ...

Core Viewpoint - EVE Energy plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength, competitiveness, and international brand image, aligning with its global strategy [1] Group 1: IPO and Market Position - EVE Energy aims to issue no more than 10% of its total share capital in H-shares, with an option for an additional 15% in oversubscription [1] - If successful, EVE Energy will become the second lithium battery company to achieve A+H dual listing, following CATL's recent listing that raised HKD 40.76 billion [1] Group 2: Global Strategy and Production Capacity - EVE Energy is advancing its "global manufacturing, global delivery, global cooperation" strategy, focusing on local operations and customer responsiveness [1] - The company is making significant progress in establishing manufacturing bases in Malaysia, Hungary, and the United States [1][2] - The battery project in Hungary is expected to enhance delivery capabilities in Europe, with production set to commence in 2026 [2] - The Malaysian factory aims to produce 680 million small cylindrical batteries annually, with mass production expected in early 2025 [2] Group 3: Sales Performance and Market Share - In 2024, EVE Energy's energy storage battery shipments reached 50.45 GWh, a year-on-year increase of 91.9%, while power battery shipments were 30.29 GWh, up 7.87% [3] - EVE Energy ranked second globally in energy storage cell shipments, following CATL, and held a 12.15% market share in China's commercial vehicle battery sector [3] Group 4: Stock Market Performance - As of June 11, EVE Energy's total market capitalization was CNY 89.83 billion, with shares closing at CNY 43.91, a decrease of 2.5% from the previous close [4]

近日，四川省绵阳市盐亭县绵阳锂源年产1200万支锂离子储能电芯项目获批，盐亭县生态环境局 对项目环评文件予以公示。 盐亭县绵阳锂源年产1200万支锂离子储能电芯项目建设单位为绵阳锂源新能源有限公司，项目投 资5000万元，在原有厂房内，购置全自动搅拌机、全自动涂布机、全自动卷耳机、全自动装配 线、注液机等智能设备100余台套，形成年产1200万支锂离子储能电芯能力。 -广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ ——The End—— 本文来源： 盐亭县生态环境局 。 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。 ...