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中国动储产业年度十大排行榜|深度
24潮· 2025-05-13 23:04
一切迹象与数据似乎都在佐证,中国动储产业还处于洗牌与博弈深水区。 为了让读者朋友对锂电产业趋势与变化有一个更为清晰、直观的了解,24潮产业研究院 (TTIR) 根据108家动储上市/IPO公司2024年财报中营收、预收款、归母净利润、对外投资、经营与筹资 现金流、总负债、资金净值、应收账款于存货等核心数据制作了十大排行榜。 24潮产业研究院 (TTIR) 统计数据显示,当前动储产业形势确实不容乐观:2024年108家动储公司 整体营业收入同比下降11.87%,增速较2023年同期下降了11个百分点;归母净利润整体同比下降 67.27%,已经连续2年巨幅下降 (2023年降幅为47.69%) ;客户预收款规模已经连续两年下 降;产业造血力 (经营净现金流) 也同比下降18.38%,增速较去年同期下降了61.01个百分点; 净筹资规模更是同比下降了81.91%,资金净值也下降了20.32%,等等。 | 核心指标 | 2024年合计 | 同比上一年增长 | 2023年同期增速 | | --- | --- | --- | --- | | 总资产 | 29,092.41 | 6.17% | 12.65% | | 总负债 ...
国泰海通|24年报和25年一季报总结(二)
国泰海通证券研究· 2025-05-13 13:11
Group 1: Mechanical Industry - The mechanical industry is expected to see a recovery in prosperity from 2024 to Q1 2025, with revenue and profit growth in semiconductor equipment, engineering machinery, and robotics [1][2] - In 2024, the mechanical industry is projected to achieve a revenue of 2.3 trillion yuan, a year-on-year increase of 4.9%, and a net profit of 123.24 billion yuan, a year-on-year decrease of 11.1% [1] - By Q1 2025, the total revenue is expected to reach 522.08 billion yuan, with a year-on-year increase of 8.8%, and a net profit of 38.33 billion yuan, a year-on-year increase of 20.1% [1] Group 2: Robotics and Semiconductor Equipment - The humanoid robot sector is anticipated to see significant profit growth, particularly in force sensors, bearings, and tendon drive components [2][3] - The transition from "multi-sensor fusion" to "body intelligence" in humanoid robots will create new demands for hardware and software technologies [3] - The semiconductor equipment sector is benefiting from domestic substitution and capital expenditure, with significant room for improvement in self-sufficiency due to geopolitical influences [3][4] Group 3: Engineering Machinery - The engineering machinery sector is expected to maintain high prosperity levels, driven by domestic demand and supportive fiscal policies [4] - Domestic sales of excavators are projected to continue increasing, despite some trade friction risks in exports [4] Group 4: Game Industry - The gaming industry is experiencing a recovery, with revenue growth starting from Q2 2024 and a significant increase in profits by Q1 2025 [6][8] - In 2024, the total revenue for the gaming industry reached 93.434 billion yuan, a year-on-year increase of 7.4%, while net profit decreased by 50% due to a drop in profit margins [7] - By Q1 2025, the gaming industry revenue is expected to reach 26.719 billion yuan, a year-on-year increase of 21.6%, with net profit reaching 3.482 billion yuan, reflecting a strong recovery [8] Group 5: Lithium Battery Industry - The lithium battery sector is seeing significant profit concentration among leading battery manufacturers, with overall revenue in 2024 reaching 1.755 trillion yuan, a year-on-year increase of 4.9% [11][12] - By Q1 2025, the lithium battery sector is projected to achieve a revenue of 414.084 billion yuan, a year-on-year increase of 22.75%, with net profit reaching 28.717 billion yuan, a year-on-year increase of 51.11% [13] Group 6: Home Appliance Industry - The home appliance sector is expected to show strong performance, with overall revenue and net profit in 2024 increasing by 6% and 9%, respectively [15] - By Q1 2025, revenue and net profit are projected to increase by 14% and 22%, respectively, driven by domestic demand and export opportunities [15][16] Group 7: Pharmaceutical Industry - The pharmaceutical sector is experiencing a divergence in performance, with innovative drugs driving growth in the pharmaceutical segment [19][20] - In 2024, the overall revenue for the pharmaceutical sector is expected to decline by 1.5%, while net profit is projected to decrease by 12.5% [20][21] Group 8: Real Estate Industry - The real estate sector is witnessing a decline in profitability, with gross margins reaching a historical low of 13.8% in 2024 [25][26] - The sector is expected to stabilize in 2025, with improvements in gross margins as land acquisition costs decrease [25][27] Group 9: Coal Industry - The coal sector is facing significant pressure, with prices expected to reach a turning point in May 2025 [32][34] - The average selling price of self-produced coal is projected to decline by 10.9% in Q1 2025 compared to 2024, impacting overall profitability [33] Group 10: ETF Holdings - Institutional investors have significantly increased their holdings in ETFs, with a 38.8% year-on-year growth, reaching 1.54 trillion yuan by the end of 2024 [36][37] - The proportion of state-owned funds in ETF holdings has also increased, indicating a shift in investment strategies [36][37]
冠通每日交易策略-20250513
Guan Tong Qi Huo· 2025-05-13 11:20
地址:北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层(100020) 总机:010-8535 6666 冠通每日交易策略 制作日期:2025 年 5 月 13 日 热点品种 塑料: 裕龙石化 1 线 HDPE 等检修装置重启开车,塑料开工率上涨至 85%左右,目前开 工率处于中性水平。PE 下游开工率环比下降 0.20 个百分点,农膜原料库存和农 膜订单继续下降,农膜逐步进入淡季,包装膜订单继续小幅下降,整体 PE 下游 开工率仍处于近年同期偏低位水平。上周末累库幅度较大,工作日正常去库,石 化库存处于近年同期偏低水平。美国加征关税不利于塑料下游制品出口同时聚乙 烯上游乙烷进口受限。宏观情绪提振叠加地缘风险增加,原油价格触底反弹。供 应上,新增产能山东新时代线性、惠州埃克森美孚一期线性新近投产,新增部分 检修装置,不过榆林化工等检修装置计划开车,下游还未完全恢复,以前期订单 生产为主,地膜逐步进入淡季,下游其他需求一般,目前新单跟进缓慢,下游开 工有所下降,不过中美贸易谈判提振市场情绪,现货交投好转,建议塑料空单逐 步止盈离场。 碳酸锂: 今日碳酸锂盘面开盘后低位震运行荡,收盘价 63727.6 ...
云南“首富”李晓明,家族财富四年蒸发625亿
商业洞察· 2025-05-13 09:24
Core Viewpoint - The lithium battery industry is currently facing significant challenges, with overcapacity and price wars impacting profitability, as exemplified by the recent financial performance of leading companies like Enjie [2][4][15]. Financial Performance Summary - Enjie reported Q1 2025 revenue of 2.73 billion yuan, a year-on-year increase of 17.23%, but net profit fell to 25.99 million yuan, down 83.57% year-on-year [2][3]. - The company's cash flow from operating activities decreased by 72.73%, indicating severe financial strain [3]. - The decline in net profit is primarily attributed to a drop in separator prices, highlighting ongoing price competition in the industry [4][15]. Industry Dynamics - The lithium battery sector has shifted from a supply shortage to oversupply due to aggressive capacity expansion by companies during previous growth phases [4]. - Major players are either ignoring the overcapacity issue or slowly exiting the market, while some are pursuing international expansion to mitigate challenges [5][15]. - Enjie is investing in new production facilities in Malaysia and Hungary, with planned capacities of 1 billion square meters and 800 million square meters per year, respectively [5]. Market Challenges - The industry is experiencing a downturn, with Enjie's revenue projected to decline by 15.60% to 10.16 billion yuan in 2024, and a net loss of 556 million yuan, reflecting a 122.02% year-on-year decrease [15]. - The company attributes its losses to intensified competition and the need to write down asset values, which have significantly impacted its financial results [15]. Strategic Responses - Enjie is pursuing a dual strategy of international expansion and transformation, including plans to advance solid-state battery technologies [15]. - Despite current challenges, there are signs of stabilization in revenue, suggesting potential for recovery in the future [15].
碳酸锂日报-20250513
Guang Da Qi Huo· 2025-05-13 06:36
碳酸锂日报 碳酸锂日报(2025 年 5 月 13 日) 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 二、日度数据监测 | | | 锂电产业链产品价格 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 指 标 | 单 位 | 2025-05-12 | 2025-05-09 | 涨 跌 | | | 期 货 | 主力合约收盘价 | 元/吨 | 64040 | 63020 | 1020 | | | | 连续合约收盘价 | 元/吨 | 64160 | 63040 | 1120 | | | | 锂辉石精矿(6%,CIF中国) | 美元/吨 | 719 | 725 | - 6 | | | | 锂云母(Li2O:1.5%-2.0%) | 元/吨 | 770 | 770 | 0 | | | 锂 矿 | 锂云母(Li2O:2.0%-2.5%) | 元/吨 | 1375 | 1385 | -10 | | | | 磷锂铝石(Li2O:6%-7%) | 元/吨 | 6375 | 6400 | -25 | | | ...
周度销量 | 5.5-5.11
数说新能源· 2025-05-13 03:37
CATL :储能 市场增长高于动力 加入社群 往期推荐 主机厂电芯采购:兼顾性能和成本 比亚迪出海:发力东南亚 添加半仙微信,备注"进群",邀请你加入锂电行业社群,获得行业最新动态、行业干货 报告和精准人脉。 本公众号基于分享的目的转载,转载文章的版权归原作者或原公众号所有,如有涉及侵权请及时告知,我们将予以核实并删除 ...
定了!宁德时代5月20日港股上市
起点锂电· 2025-05-12 09:53
Group 1 - The core viewpoint of the article highlights that CATL's IPO in Hong Kong is set to be one of the largest in recent years, with a planned issuance of 118 million shares at a maximum price of 263 HKD per share, potentially raising between 4 to 5 billion USD [1][2] - The IPO has attracted significant cornerstone investors, including major energy companies and sovereign wealth funds, with total investments exceeding 2.6 billion USD [1][2] - CATL's market leadership and its role in empowering the global renewable energy industry are recognized as key factors for its record-setting IPO [2] Group 2 - CATL plans to use 90% of the funds raised from the IPO to support the construction of its factories in Hungary, which will enhance its local production capacity in Europe [2] - The Hungarian project, with a total investment of up to 7.34 billion EUR, aims to establish a 100 GWh battery production line, with phases one and two expected to have capacities of 34 GWh and 38 GWh respectively [2] - The company's overseas revenue is projected to increase significantly as it expands its international operations, which are seen as a major growth driver [2] Group 3 - In 2024, CATL is expected to achieve a revenue of 362.01 billion RMB and a net profit of 50.75 billion RMB, marking a year-on-year growth of 15.01% [3] - The company's overseas revenue accounted for 30.48% of total revenue, with a gross margin of 29.45%, reflecting a year-on-year increase of 9.88% [3] - In Q1 2025, CATL reported a revenue of 84.71 billion RMB and a net profit of 13.96 billion RMB, showing a year-on-year growth of 32.85% [3]
中使馆否认“比亚迪和青山放弃智利锂投资项目”
起点锂电· 2025-05-12 09:53
| 01 | | 一周锂电新闻汇总 | | --- | --- | | 02 | | 2GWh储能电池项目落地黑龙江 | | 03 | | 宁德时代9MWh储能系统解决方案问世 | | 04 | | 2025起点轻型动力电池及两轮车换电大会7月10-11日无锡 | | | 举办 | 点击阅读原文,即可报名参会! 中国驻智利大使馆5月9日发布声明称,关于近期有关"比亚迪和青山控股退出在智利锂电产业化投资项目"的相关报道,经向两家公司核实, 两家公司从未声明终止在智利投资,愿同智利有关部门继续对话。 驻智利使馆表示,中智两国经济互补性强,合作基础坚实,在绿色经济、能源转型等领域存在诸多契合点和广阔机遇,许多中企愿意通过多种 形式参与智利国家锂战略,使馆将继续鼓励和支持中企在智利投资、挖掘更大潜力。 此前,智利当地报纸Diario Financiero报道称,比亚迪与青山已决定不再推进把碳酸锂加工为电池正极材料的项目。智利政府发言人Aisen Etcheverry等官员证实了该报道,称这两家中国公司在锂价暴跌后已中止投资意向。 ( 来源:界面新闻 ) 往 期 回 顾 ...
12日香港三大指数飙升 恒生科技指数收涨5.16%
Sou Hu Cai Jing· 2025-05-12 09:00
央广网北京5月12日消息(记者 樊瑞)今日港股三大指数集体高开,在中美日内瓦经贸会谈联合声明发 布后,港股尾盘继续飙升。12日收盘时,香港恒生指数收涨2.98%,报23549.46点,创3月27日以来收盘 新高。恒生科技指数涨5.16%。恒生中国企业指数涨3.01%。全日大市成交额3224亿港元,较前一交易 日大幅上升。南向资金净卖出额185.28亿港元,单日净卖出额创2021年2月以来新高。 其中,舜宇光学科技涨超14%,小鹏汽车涨超10%,阿里巴巴涨超6%,腾讯控股涨超4%。 据Wind数据,黄金概念股随金价下挫,灵宝黄金、赤峰黄金跌超11%,山东黄金跌超6%。医药股疲 软,百济神州跌近9%,翰森制药、先声药业、三生制药跌超7%。消息面上,特朗普称寻求大幅降低药 品价格。 港股其他涨跌幅较大个股方面,龙蟠科技暴涨41.4%,成交10.65亿港元,锂电业务再获新订单,合同总 销售额预计超50亿元。金利来集团私有化计划已告失效,股价复牌暴跌超33%,成交2265.86万港元。 沪上阿姨上市第三日跌超12%。 此外,5月12日,美股盘前行情显示,三大股指期货集体大涨,纳斯达克100期货小型涨3.43%,道琼斯 ...
电力设备与新能源行业研究:省级新能源市场化政策开始落地,浙江深远海风启动招标
SINOLINK SECURITIES· 2025-05-11 14:23
光伏&储能:山东省发布新能源上网电价市场化方案及机制电价竞价细则(136 号文首份省级承接政策),发布时间早、 内容全面、细节友好;同时 5 月组件排产环比基本持平好于预期,有望共同促进市场对"抢装后"需求预期的修复。 欧洲逆变器市场或生变,关注潜在受益公司。 子行业周度核心观点: 风电:浙江深远海风机招标预审启动,年内开工可能性持续提升,国内海风景气度加速向上;英国海风招标改革初步 落地,相关措施或有望加速英国项目需求释放,建议关注英国 AR7 海风招标进展及国内相关受益标的。 电网:1)陇东-山东特高压直流投产,Q2 哈密-重庆、金上-湖北、宁夏-湖南三条特高压直流也有望密集投产,看好 25 年特高压相关公司业绩弹性持续兑现;2)25 年南网配网设备第一批框架招标金额达 54 亿元,同比维持高位,南 网近年重点投入五省区主网架优化和城乡配电网升级,高投资强度预计将持续带动配网设备、计量产品需求增长。 新能源车:本周理想召开第二次 AI TALK 并官宣 L 系列智能焕新版正式上市,我们对公司维持原有观点,智驾最终还 是要回落给产品。智驾在目前的市场中只是整车产品性价比的一部分,最终还是要评判产品的综合素质 ...