Core Viewpoint - The article highlights the successful commissioning of the 100MW/400MWh energy storage power station in Shenzhou, Hebei, constructed by Jiangsu Lingchu YN Technology Co., a subsidiary of YN Technology, showcasing the company's strength in large-scale energy storage projects and its role in promoting regional green development [2][4]. Project Overview - The Shenzhou Kunteng energy storage station has a total installed capacity of 100MW/400MWh, utilizing 80 self-developed Ocean 5000L energy storage modules and an EMS system, enhancing safety and efficiency through advanced design and management strategies [5][7]. - The project is expected to reduce coal consumption by approximately 31,000 tons annually, equivalent to a reduction of 82,000 tons of CO2 emissions, significantly contributing to low-carbon transformation and environmental protection in the region [7]. Technological Advancements - The Kunteng energy storage station employs a modular distributed energy storage system, which features adaptive temperature control strategies and a dual-driven health state estimation method to enhance reliability and safety [9]. - The project offers flexible energy storage capacity leasing services, providing a strong guarantee for power supply stability and grid safety during peak demand periods [11]. Strategic Development - The energy storage station represents a significant achievement for Lingchu YN in enhancing its capabilities in large-scale energy storage project development and operation, aligning with YN Technology's strategy to build a dual-driven development system [13][15]. - The successful delivery of this project serves as a benchmark for expanding the commercial energy storage market, enhancing the brand's credibility and competitiveness in the sector [13][15].

Core Viewpoint - The article highlights the successful listing of Guoxia Technology on the Hong Kong Stock Exchange, marking a significant step towards global expansion in the "AI+" energy storage and renewable energy solutions sector [3]. Summary by Sections - **Company Listing and Fundraising** Guoxia Technology officially listed 33.8529 million shares at an issue price of HKD 20.1 per share, raising approximately HKD 605.6 million in net proceeds [5]. This fundraising is seen as a testament to the capital market's confidence in the company's long-term value in the "AI+" energy storage sector [6]. - **Business Strategy and Market Positioning** The company employs a dual-track strategy that combines large-scale and distributed energy storage, leveraging both its domestic brand "Guoxia Technology" and the overseas brand "HANCHU ESS" [6]. In the domestic market, the company focuses on large-scale energy storage projects, while internationally, it has successfully entered several mature markets with its residential and commercial energy storage products [6]. - **Revenue Growth and Commitment to Value Creation** Guoxia Technology has experienced rapid revenue growth over the past three years, emphasizing its commitment to creating sustainable long-term value for customers, partners, and society through innovative products and services [6].

文 | 中关村储能产业技术联盟 穿越37年周期，科华数能凭借其在UPS领域的深厚积累，将其对"稳定"的追求，无缝平移至风起云涌的新型电力系统。面对AI算力与 新能源的双重挑战，这家企业将会交出怎样一份答卷？ 2025年12月4日，由中关村储能产业技术联盟主办，科华数能等单位联合主办的 "2025中国储能CEO峰会" 在厦门隆重召开。作为主 题分论坛二的首个分享报告， 厦门科华数能科技有限公司高级储能解决方案专家林金水 带来了关于构网型储能实践的深度分享。 在台下掌声渐歇的间隙， 我们对刚走下演讲台的林金水进行了专访 。透过他的一线视角，我们试图探寻科华应对时代挑战的解题思 路。 软件决定"身份"，硬件定义"体能" 当"构网型储能"突然成为行业热词，甚至被视为新型电力系统的"入场券"时，市场充满了躁动。 概念满天飞，但标准却模糊不清。 所有的目光都聚焦在同一个问题上： 到底什么是构网？为什么要构网？ 随着新能源大规模接入挤占常规机组发电空间，电力系统正面临前所未有的挑战：系统转动惯量降低；频率越限风险增加；动态无功支 撑不足威胁电压稳定；甚至在多个省份的风电汇集区相继出现了宽频振荡现象。大比例光伏在白天出力，夜 ...

对此， 长期深耕数字技术应用的弘正储能给出了自己的思路："工商业储能收益逻辑的转变既体现在表前及表后用户侧的价值重构，也依赖于技术创新的硬核支 撑。储能本质为调节性资源，数字化技术是其提升调节效能的关键支撑，更是保障安全运行与经济性的核心。" 新型储能产业如何把握电力市场改革与数智化机遇？行家说储能正联合 中车株洲所、弘正储能、海辰储能、为恒智能、融和元储 等头部企业， 编撰 《2025电力市场与数智化储能调研报告》，该报告将于1月8日行家说储能峰会上发布。欢迎更多企业参与，共抓产业风口。 2025年临近尾声，站在十四五收官与十五五开局的交汇点上回望，作为国内最早步入市场化的储能细分领域，工商业储能自2022年起维持高速增长态势，其盈利模 式始终高度依赖峰谷电价差。 回顾2025年， 在电力市场化改革深化与新能源消纳需求升级的双重驱动下，多地分时电价调整政策密集落地，整体呈现多维度收紧趋势： 江苏峰谷价差缩窄约 25%；浙江收缩夏冬高峰时段并将午间低谷延长至 3 小时，投资回报率下滑超 30%；冀北的电价调整使得春秋季无法实现 "两充两放"，峰谷套利收益缩水。 随着价差红利逐渐消退，工商业储能传统收益模式亟待 ...

温馨提示： 投稿/合作/找圈，请联系hjs-Cindy，13609002797 今日（16日），天合光能发布公告称，旗下子公司天合储能斩获北美一个1.4GWh的储能订单。 据了解，该项目将采用Elementa 2 Pro 液冷储能系统，搭配新一代 PCS，构建 4 小时独立并网型储能解决方案，并集成北美当地软件供应商提供的全套软 硬件 EMS，形成完整的AC侧一体化解决方案。项目计划在 2027 年底前完成交付并网。 值得一提的是，日前天合光能刚宣布其 扩大与美国领先的储能系统开发商、所有者和运营商Lightshift Energy的战略合作伙伴关系。双方计划合作在美国各 地打造超过1GWh的储能项目组合。 而在12月的业绩说明会上， 天合光能 董事长高纪凡指出，截至2025年三季度末，天合储能的海外在手订单已超过10GWh，且仅在第三季度后就连续签下 多个GWh级别大单。在目标规划上，公司设定2025年储能出货目标为8-10GWh，2026年增速预计将超50%。 项目组合同样将采用天合光能的Elementa 2 Pro储能解决方案。并且此前天合储能和Lightshift此前已有成功的合作，包括2024年在马 ...

温馨提示： 投稿/合作/找圈，请联系hjs-Cindy，13609002797 2025年，新型储能行业在延续装机量高速增长的同时，正步入一场更为深刻的范式转移。增长背后，驱动逻辑从政策转向市场，竞争维度从价格竞争转向价 值竞争。这一切，都围绕着两条主线展开： 电力市场的全面深化 ，与 数智化的全面融合 。 行业共识正在形成，但前路依然充满博弈： 其一，市场是确定的战场，但能力是不确定的胜负手。 随着"强制配储"退场以及全国统一电力市场加速建设，十五五期间，新型储能将逐步构建电能量+电容量为主、其他市场收益为辅的收益模式。深度理解并适 应电力市场规则、构建电力市场需求下的设备核心能力、助力用户提升储能价值，或将成为储能企业未来发展的核心竞争力与市场胜负手。 其二，数智化是确定的趋势，但路径是不确定的考题。 AI、物联网与大数据不再仅是"加持"，而是重构储能系统价值的核心。虚拟电厂、智能微网等新业态、新风口持续涌现。那么，如何将技术能力嵌入不同省 份的电力市场规则中，设计出可复制、可盈利的 商业化闭环 ？数智化如何从"技术亮点"真正走向"盈利支点"呢？ 当下，我们正站在储能作为"电力系统关键单元"的新起点上。面 ...

12月16日，港股市场全线下跌。截至收盘，恒生指数跌1.54%报25235.41点，恒生国企指数跌1.79%报8757.93点，恒生科技指数跌1.74%报5402.51点。 近期，港股市场波动加剧，自12月1日以来，恒生科技指数累计跌逾4%，恒生指数累计跌逾3%。港股板块全线下跌，黄金及贵金属、软件服务、保险、 零售领跌，仅部分中资券商股、汽配股、食品饮料股逆势活跃。果下科技今日港股上市，盘中一度涨超145%。腾讯控股今日跌1.08%，盘中股价跌破600 港元/股。 亚太市场今日开盘不久后均急速下挫。截至收盘，日经225指数跌1.56%，韩国综合指数跌2.24%。 业内人士认为，近期美联储降息预期降温引发全球流动性担忧，以及市场对人工智能泡沫的争论造成了港股下挫。此外，资金面上，年末内地资金流入港 股放缓、港股解禁潮带来的技术性卖压，也是港股市场下跌原因。 消息面上，12月11日，据新华社报道，分析人士认为，美联储内部围绕是否进一步降息分歧加剧，因此有人猜测，在明年5月美联储主席鲍威尔卸任前可 能不会再降息。下一任美联储主席预计将推动进一步降息，但受制于通胀压力依然较高等因素，降息空间或有限。 科技股回撤较大 ...

央视网消息：海南自贸港从蓝图绘就到成型起势，是开放中国的生动缩影。新时代以来，我国锚定自贸试验区与自由贸易港建设，破除制 度壁垒、降低贸易成本、畅通要素流动，为全球经济带来新机遇。接下来，就让我们循着时间的足迹，见证中国从未停歇的开放步伐。 上午8点多，洋浦港已是一派繁忙。东南亚的椰子、南美的木材等货物正陆续卸船，它们一部分将直运内地，一部分则会在岛内加工后发 往全国。看似如常的作业背后，一个新变化却即将发生，在距离岸边两公里外的洋浦海关，工作人员正紧锣密鼓忙碌着。 洋浦海关综合业务处工作人员符贞坤称："这几天很忙，自贸港的政策陆陆续续已经在发布了，有越来越多的享惠主体，现在做的就是审 核企业的享惠主体资质，在12月18日封关之后就可以进口'零关税'货物。为了保证企业在第一时间能够享受政策红利，我们把工作做在前 面。" 海南自贸港封关在即，进口"零关税"商品覆盖范围将从目前的1900个税目扩大到约6600个税目……符贞坤的主要工作就是负责加工增值免 关税相关业务的审核，这一系列政策对于他所在辖区内的企业也带来了更多利好。 从2020年6月《海南自由贸易港建设总体方案》正式发布，到如今海南全岛封关运作的历史一刻 ...

Core Viewpoint - Guoxia Technology Co., Ltd. (stock code: 02655.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 38.00 and closing at HKD 43.80, marking a significant increase of 117.91% by the end of the trading day [1]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued was 38,930,800, with 3,385,300 shares allocated for public offering and 35,545,500 shares for international offering [2]. - The final offer price was set at HKD 20.10, resulting in total proceeds of HKD 782.51 million, with net proceeds amounting to HKD 700.55 million after deducting estimated listing expenses of HKD 81.96 million [4][5]. Key Investors - The cornerstone investors include Huikai Hong Kong Economic Development Co., Ltd., Dream'ee (Hong Kong) Open-ended Fund Company, and Wusong Capital Limited, with a lock-up period ending on June 15, 2026 [6]. Business Overview - Guoxia Technology is a provider of renewable energy solutions and products in China's energy storage industry. The raised funds will enhance R&D capabilities, build an overseas operational network, expand production capacity for large-scale energy storage systems, commercial energy storage systems, and household energy storage systems, and support general corporate purposes [6]. Financial Performance - Revenue figures for Guoxia Technology from 2022 to 2025 (first half) are as follows: RMB 141.83 million (2022), RMB 314.31 million (2023), RMB 1.026 billion (2024), and RMB 691.37 million (2025) [7][8]. - Profit figures for the same periods are: RMB 24.28 million (2022), RMB 28.15 million (2023), RMB 49.12 million (2024), and RMB 5.58 million (2025) [7][8]. - The gross profit margins for 2022, 2023, 2024, and the first half of 2025 were 25.1%, 26.7%, 15.1%, and 12.5%, respectively [9]. Cash Flow Analysis - The net cash flow from operating activities for 2022, 2023, and the first half of 2025 were RMB -30.32 million, RMB -72.91 million, and RMB -204.91 million, respectively [10]. - The net cash flow from financing activities was positive across the years, indicating reliance on external financing [10].

Core Viewpoint - Guoxia Technology Co., Ltd. (stock code: 02655.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 38.00 with a rise of 89.05%, and closing at HKD 43.80, marking a total increase of 117.91% by the end of the trading day [1]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued was 38,930,800, with 3,385,300 shares allocated for public offering and 35,545,500 shares for international offering [2]. - The final offer price was HKD 20.10, resulting in total proceeds of HKD 782.51 million, with net proceeds amounting to HKD 700.55 million after deducting estimated listing expenses of HKD 81.96 million [4][5]. Key Investors - The cornerstone investors include Huikai Hong Kong Economic Development Co., Ltd., Dream'ee (Hong Kong) Open-ended Fund Company, and Wusong Capital Co., Ltd. [5]. Financial Performance - Guoxia Technology's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 141.83 million, RMB 314.31 million, RMB 1.026 billion, and RMB 691.37 million respectively, with corresponding profits of RMB 24.28 million, RMB 28.15 million, RMB 49.12 million, and RMB 5.58 million [7][8]. - The gross profit margins for the same periods were 25.1%, 26.7%, 15.1%, and 12.5% [9]. Cash Flow and Financial Health - The net cash flow from operating activities for 2022, 2023, and the first half of 2025 were RMB -30.32 million, RMB -72.91 million, and RMB -204.91 million respectively, indicating a negative cash flow trend [10]. - The company experienced a significant drop in net profit margin from 17.1% in 2022 to 0.8% in the first half of 2023, reflecting volatility in profitability [10].