工业富联总市值突破万亿元。 8月29日早盘，工业富联低开高走，午间收盘前15分钟翻红，涨幅达到3.74%，股价续创历史新高，总市值达到10082.65亿元，成为TMT板块首只总市值突 破万亿元的个股。 工业富联半年报显示，上半年实现归母净利润121.13亿元，同比增长38.61%，续创上市以来同期新高。公司核心业务盈利能力彰显强劲增长动能，云计算 业务方面，产品结构持续优化，AI服务器在云计算业务中的占比稳步扩大。第二季度公司整体服务器营收增长超50%，云服务商服务器营收同比增长超 150%，AI服务器营收同比增长超60%。GB200系列产品实现量产爬坡，良率持续改善，出货量逐季攀升。 宁德时代创近三年新高 早盘，宁德时代平开高走，盘中最高上涨14.15%，股价重回300元上方，创近三年新高，收盘上涨11.45%，早盘成交额达到168.95亿元，环比显著放量。 在龙头带动下，锂电板块早盘集体上涨，先导智能、杭可科技"20cm"涨停，国轩高科、璞泰来涨停，赢合科技、盟固利、中科电气等上涨超10%。 上半年多只锂电板块龙头业绩表现亮眼，数据显示，总市值居前的锂电板块个股中，中材科技、华友钴业、先导智能上半年归母净 ...

近日，必和必拓宣布分别与宁德时代和比亚迪旗下弗迪电池签署谅解备忘录（MOU），围绕矿区电动 化、电池系统开发、闪充基础设施与回收技术展开全链条合作。这场横跨中澳、融合资源与新能源的联 合行动，不只是全球矿业碳减排目标加速落实的选择，更标志着中国动力电池企业正与全球资源巨头一 道，进入联合定义绿色开采范式的新阶段。 "宁王"权重超18%的创业板指随之走强，截至2025年8月29日 10:50，创业板指数强势上涨3.55%，成分 股先导智能20CM涨停，宁德时代上涨13.01%，亿纬锂能（维权）上涨9.84%，天孚通信，当升科技等 个股跟涨。 场内ETF方面，截至目前，创业板ETF广发(159952)上涨3.44%，盘中一度涨超3.5%，最新价报1.77元。 拉长时间看，截至2025年8月28日，创业板ETF广发近1周累计上涨9.04%。 规模方面，创业板ETF广发最新规模达133.38亿元，创近1年新高；份额方面，创业板ETF广发近1周份 额增长3.50亿份，实现显著增长。规模与新增份额均位居同类基金前列。 消息面上，8月27日晚，华域汽车发布公告称，拟以2.06亿元收购公司控股股东上汽集团持有的上海上 汽清陶 ...

6 三、欣旺达：第三代全固态电池已完成 400Wh/kg 产品方案和工艺验证。欣旺达在 电话会议上表示，公司第一代半固态电池已经完成开发，能量密度>300Wh/kg；第 二代半固态电池电芯样品已开始进行中试试验；第三代全固态电池已完成 400Wh/kg 产品方案和工艺验证。欣旺达在半固态电池、固态电池领域路线图清晰、 节奏加快。欣旺达第三代全固态电池技术取得突破性进展的消息是当前新能源和 动力电池行业持续高景气度的强有力信号。 风险提示： 对上述事件发展趋势的点评，存在由于经济增长、行业竞争、销售不及预期等变 化，而不如预期的可能。 证券研究报告 点评报告 2025 年 8 月 29 日 晨会纪要 核[心Ta观bl点e_：Summary] 第一创业证券研究所 一、先进制造组： 一、8 月 28 日，知名企业追觅科技正式官宣造车，首款超豪华纯电产品对标布加 迪威龙，计划在 2027 年亮相。这表明，公司将正式从扫地机等智能硬件领域，杀 向汽车领域。公司向记者透露，将持续长期投入汽车领域，目前该项目已组建了 近千人的造车团队，且在持续扩张。追觅科技官宣造车，体现了新能源汽车领域 较高的景气度，也反映出中国新能源汽 ...

Core Viewpoint - The growth in demand for electric vehicles is driving an increase in sales of power batteries, particularly in the passenger car segment, with the company experiencing a supply-demand imbalance [1] Group 1: Company Performance - The company reported a total shipment volume of 7.8 GWh in the first half of the year, representing a year-on-year increase of 99.2%, with passenger car battery shipments reaching 7.63 GWh, up 110.8% [1] - The company achieved operating revenue of 3.172 billion yuan, a year-on-year growth of 71.9%, and a net profit of 220 million yuan, an increase of 350 million yuan year-on-year [1] - The gross profit margin improved to 17.9%, an increase of 8 percentage points compared to the same period last year [1] Group 2: Production Capacity and Market Position - The company is currently in a supply-demand imbalance and plans to expand production capacity steadily, targeting 25.5 GWh by the end of 2024 and 35.5 GWh by the end of 2025, with a long-term goal of reaching 50.5 GWh by the end of 2026 [2] - The company ranks ninth in the industry for total power battery installation and seventh for passenger car battery installation, with a rise to sixth place in domestic rankings for passenger car battery installation in June [1][2] Group 3: Strategic Partnerships and Innovations - The company has established extensive collaborations with leading enterprises such as FAW Hongqi, Leap Motor, and SAIC Motor, and has secured new project designations from Volkswagen China [2] - The company is also expanding into the aviation battery sector, collaborating with Liaoning Tonghang and Hefei Zero Gravity Industry, with potential applications in various electric aircraft and humanoid robots [3] - The company is advancing in cutting-edge technologies, including solid-state batteries, lithium metal batteries, sodium-ion batteries, and fast-charging batteries, with a pilot line for sulfide solid-state batteries expected to be operational in the first half of next year [3]

Core Insights - The company reported a significant increase in revenue, gross profit, and net profit for the first half of 2025, indicating strong growth in its operations [1] - The company's battery sales revenue and shipment volume both exceeded 80% growth year-on-year, reflecting its strong position in the new energy vehicle market [1] - The company is expanding its production capacity significantly, with new factories set to enhance its output and efficiency [2] Financial Performance - Revenue for the six months ending June 30, 2025, was RMB 3.172 billion, a year-on-year increase of 71.9% [1] - Gross profit reached RMB 569 million, up 210.5% year-on-year [1] - Net profit was RMB 220 million, an increase of RMB 350 million compared to the previous year [1] - Basic and diluted earnings per share were RMB 0.09 [1] - Cash and cash equivalents stood at RMB 2.549 billion as of June 30, 2025 [1] Battery Business Growth - Sales revenue from the battery business was RMB 2.985 billion, with a shipment volume of 7.63 GWh, both showing over 80% year-on-year growth [1] - The company has improved its industry ranking and market share in the new energy passenger vehicle sector [1] - Growth in the battery business is attributed to the mass production of several designated models [1] Production Capacity Expansion - Current production capacity is 25.5 GWh, with a new factory set to begin operations in Q4 this year, adding approximately 10 GWh of annual capacity [2] - A second phase of the new factory is expected to be operational by the end of 2026, adding another 15 GWh, leading to a total capacity of 50.5 GWh [2] - The new production lines will feature advanced technology and equipment aimed at reducing energy consumption and carbon emissions while enhancing automation and intelligence in production [2] - The expanded 10 GWh capacity has already secured additional coverage from major industry clients [2]

Core Insights - The company reported a revenue of RMB 3.172 billion for the six months ending June 30, 2025, representing a year-on-year increase of 71.9% [1] - Shareholder profit reached RMB 220 million, marking a turnaround from a loss to profit [1] - Earnings per share stood at RMB 0.09 [1] Revenue Breakdown - The sales revenue from the power battery business amounted to RMB 2.985 billion, with a shipment volume of 7.63 GWh, both showing over 80% year-on-year growth [1] - The company is actively expanding in the new energy passenger vehicle market, with improvements in battery installation volume ranking and market share [1] Market Position - According to the China Automotive Power Battery Industry Innovation Alliance, the company ranked 7th in battery installation volume for new energy passenger vehicles from January to June 2025 [1] - In June 2025, the company's monthly ranking for battery installation volume in new energy passenger vehicles rose to 6th place nationwide [1]

智通财经APP讯，正力新能(03677)发布截至2025年6月30日止6个月中期业绩，集团收入人民币31.72亿 元，同比增长71.9%;股东应占溢利2.2亿元，同比扭亏为盈;每股盈利0.09元。 2025年上半年，公司动力电池业务销售收入为29.85亿元，出货量为7.63GWh，销售收入和出货量同比 增长均超过80%。公司在新能源乘用车市场持续发力，电池装机量行业排名和市场份额均有所提升。根 据中国汽车动力电池产业创新联盟的数据，2025年1-6月，公司在新能源乘用车装机量排名第7名，其中 6月份新能源乘用车装机量的单月排名已上升至全国第6名。 ...

具体至各领域来看，公司各业务不断规模化上量。其中，乘用车市场实现全球前三大车企集团全面进 入，并顺利推进小鹏、乐道、零跑、奥迪、北汽等多个车型的电池量产准备，为下半年销量打下了坚实 基础。据悉，公司高比能固液混合电池即将装车应用，全固态电池研发取得突破，全固态电池生产线贯 通投用；商用车市场方面，公司快速布局新车型，实现各领域车型全面覆盖，上半年新车公告230款余 款，同比增长33%；储能市场则以领先的技术实力进入多家头部开发商和电网公司的供货商名录，并成 功配套拉美和南非最大电站项目；同时，作为行业内首家通过eVTOL动力电池制造符合性审查的公 司，中创新航积极探索新兴市场，上半年已实现低空飞行市场实现规模交付。 此外，中创新航将围绕全球领先的战略目标，构建跨领域、跨场景的动储产品矩阵，同时持续开拓轨道 交通、矿山矿用、低空飞行、人形机器人等新兴市场，提供高安全、高可靠、高性能的产品解决方案， 引领行业发展新高度。 本报讯(记者刘晓一)8月27日晚间，港股动力电池企业中创新航科技集团股份有限公司(以下简称"中创新 航")发布2025年中期业绩公告。上半年，得益于领先技术产品在乘用车、商用、储能及船舶等领域的 ...

Group 1 - The company reported a revenue of 16.419 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 31.68% [1] - The profit attributable to shareholders reached 466 million RMB, an increase of 87.14% year-on-year, with basic earnings per share at 0.2629 RMB [1] - The company achieved a battery installation volume of 21.8 GWh in the first half of 2025, a year-on-year growth of 22.7%, ranking fourth globally and third domestically [1] Group 2 - In the passenger vehicle market, the company's market share reached a record high, with a monthly market share of 7.4% in June 2025 and 8.25% in July 2025 [1] - The company successfully entered partnerships with the top three global automotive groups and accelerated its global market layout through multiple next-generation platform projects [1] - In the commercial vehicle market, the company saw a 310% year-on-year increase in domestic installation volume, with monthly commercial vehicle installations ranking among the top three in the industry [1] Group 3 - The company experienced significant growth in energy storage cell shipments, ranking fourth globally [1] - The company achieved domestic leadership in power station operation efficiency and revenue, with successful overseas projects in Latin America and South Africa [2] - The company delivered the first hybrid vessel project for the world's largest oil company and secured international orders for megawatt-level marine battery systems [2]

Core Viewpoint - The Chongqing Intellectual Property Office is advancing the mid-term implementation of the industrial patent navigation project to provide intellectual property services for the "33618" modern manufacturing cluster [1] Group 1: Patent Navigation Project - A meeting was held to discuss the mid-term report on patent navigation for ten key industrial chains, including power batteries and autonomous driving [1] - Project units presented detailed data analyses, showcasing patent search results, technology development trends, and industry bottlenecks, along with differentiated development suggestions based on patent layout [1] Group 2: Innovation and Collaboration - Chongqing is actively building an analytical system using a three-dimensional analysis framework of "industry demand - technology evolution - patent layout" to create an industrial patent ecosystem [1] - The city is integrating innovation resources and establishing a collaborative mechanism led by the government, with enterprises as the main body and research support [1] Group 3: Quality Control and Economic Development - The Chongqing Intellectual Property Office is implementing strict quality standards and full-process quality control [1] - The next steps include utilizing the patent navigation standard system and precision indicators, along with a dual management mechanism of "special class scheduling + project evaluation" to support high-quality regional economic development [1]