Core Insights - Yongzhen Technology Co., Ltd. reported a revenue of 9.049 billion yuan and a net profit of 2.1906 million yuan for the first three quarters of 2025, indicating a decline in net profit due to multiple industry factors [1] - As a leading manufacturer of photovoltaic frames globally, Yongzhen continues to capture market share and solidify its leadership position through advantages in cost, capital, and capacity layout [1] - The company has set ambitious shipment targets for its frame products, aiming for no less than 600,000 tons, 800,000 tons, and 1 million tons from 2025 to 2027 [1] Business Expansion - Yongzhen has entered the liquid cooling technology sector through the acquisition of Zhejiang Jienowei Automotive Lightweight Technology Co., Ltd., marking the beginning of a second growth curve [1] - Jienowei's "flat extrusion" technology allows for the production of liquid cooling plates with higher internal flow channel precision, meeting the cooling needs of high power density battery cells, validated by major companies like BYD and Huawei [1] - Jienowei aims to achieve a production capacity of 100,000 tons by the end of 2026, with some production lines expected to commence in October to November of this year, and projected shipments of 30,000 to 40,000 tons in 2026 [1] Strategic Initiatives - The energy storage business is a key part of Yongzhen's strategic transformation and is steadily progressing to contribute to performance growth [2] - In June, Yongzhen announced a planned investment of 1.31 billion yuan to construct a 1.8GWh new energy storage power station and a supporting 220KV booster station in Baotou, Inner Mongolia, with the project entering a substantive advancement phase after completing filing in September [2]

Core Insights - BASF's subsidiary, BASF Shanshan Battery Materials Co., Ltd., has launched a new 40MW/80MWh smart energy storage station in collaboration with China Gas Holdings Limited, marking a significant step in energy transition and sustainability efforts [1][3]. Group 1: Project Overview - The energy storage station is a large-scale user-side facility in Hunan Province, utilizing mature electrochemical storage technology and an intelligent energy management system to ensure stable power supply and optimize energy usage [3]. - The facility consists of 16 energy storage battery units and 8 power conversion systems, capable of storing a total capacity of 80MWh, equivalent to the daily electricity consumption of approximately 10,000 households [3][5]. Group 2: Strategic Importance - The operation of the energy storage station will enhance the grid regulation capacity of the Changsha base, improve power supply reliability, and support BASF's goal of achieving net-zero emissions by 2050 [3][5]. - The collaboration between BASF and China Gas represents a milestone in their partnership, showcasing a new model for energy storage cooperation that can be replicated and promoted within the industry [5]. Group 3: Leadership Statements - BASF Shanshan's CEO emphasized that the energy storage station is a milestone in the company's commitment to green manufacturing, enhancing operational electricity security and clean energy efficiency [5]. - The Chairman and President of China Gas expressed satisfaction with the collaboration, highlighting the innovative cooperation model that contributes to the development of renewable energy [5].

Demand Side - Domestic energy storage installation in 2025 reached 2.84 GW and 8.19 GWh, with a bidding scale of 11.7 GW and 42.6 GWh in September, showing a year-on-year increase of 161%[5][19] - India's energy storage installation is expected to exceed 1.7 GWh for the entire year, with a bidding capacity of 43.28 GWh for standalone storage projects[5][37] - Germany's energy storage installation in August was 346 MWh, with a year-on-year decrease of 17.7%[5] Supply Side - The average bidding price for 2-hour and 4-hour energy storage systems in September 2025 was 0.641 and 0.464 CNY/Wh, respectively, representing a month-on-month increase of 31% and 8%[4] - The average EPC price for 2-hour and 4-hour energy storage systems was 1.062 and 0.904 CNY/Wh[4] - The cumulative bidding scale for domestic energy storage from January to September 2025 reached 91.6 GW and 342.6 GWh, surpassing the total for 2024[19] Market Trends - The average storage duration in China is expected to reach 3 hours by 2026, with the current average at 2.15 hours in 2023 and 2.39 hours in 2024[13] - The independent energy storage projects are rapidly increasing, with over 85% of the bidding volume post-531 policy being independent storage[23] - The 2027 target for new energy storage installations in China is set at 180 GW, with a current gap of approximately 110 GW[25]

Core Viewpoint - The company, Sungrow Power Supply Co., Ltd., reported a revenue of 3.565 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 16.15%, and a net profit of 311 million yuan, up 2.99% year-on-year, reflecting strong market demand in the low-carbon transition and energy structure adjustment [1][2] Group 1: Company Performance - For the first three quarters of 2025, the company achieved a revenue of 35.65 billion yuan, representing a 16.15% increase year-on-year [1] - The net profit attributable to shareholders was 3.11 billion yuan, showing a year-on-year growth of 2.99% [1] - The company has established a strong presence in overseas markets, signing significant supply agreements, including a 500MW storage product framework supply agreement in Turkey and a 150MW/300MWh storage project in Egypt [1][2] Group 2: Industry Trends - The global energy storage and photovoltaic industry is experiencing high demand, with inverter exports from China reaching 48.5 billion yuan in the first three quarters of 2025, an increase of 8% year-on-year [1] - The global energy storage market is expected to grow significantly, driven by supportive policies and increasing renewable energy installations, particularly in Europe and emerging markets in Asia, Africa, and Latin America [2] - The company is positioned to benefit from the dual strategy of "technological innovation + globalization," aiming to create long-term stable value for investors through the execution of benchmark projects [2]

证券日报网讯 科士达10月28日发布公告，在公司回答调研者提问时表示，新能源业务是公司业绩的弹 性点。2025年以来，欧洲储能市场需求持续恢复，公司户储大客户订单持续交付，东南亚、中东、非 洲、南美等新兴市场需求增长提速，公司储能业务发展重回高增态势，成为公司今年增速最高的业务板 块。中长期来看，公司依然看好全球范围内储能市场的发展，该板块依然是近几年公司重点开拓的业务 方向。 （编辑 袁冠琳） ...

Core Viewpoint - The article emphasizes the importance of green low-carbon development in the manufacturing industry as a core engine for industrial upgrading and the construction of new productive forces, highlighting the recognition of Haibo Sichuang's Zhuhai Intelligent Manufacturing Base as a provincial-level green factory in Guangdong [1][3]. Group 1: Green Manufacturing Recognition - The selection of green factories in Guangdong is a significant measure to implement carbon neutrality goals in the industrial sector and to establish a green manufacturing system, aiming to identify benchmark enterprises for industrial green transformation [3]. - Haibo Sichuang's Zhuhai Intelligent Manufacturing Base has been recognized as a provincial-level green factory, showcasing the company's achievements in green low-carbon development [1][3]. Group 2: Sustainable Development Practices - Haibo Sichuang integrates green development concepts throughout its production and operation chain, utilizing advanced technologies such as electrification and intelligence for refined management of the entire production lifecycle, achieving significant results in energy efficiency and pollutant reduction [3][5]. - The company has established a sustainable development management system covering strategic planning, organizational transformation, and data governance, with a carbon management system that includes emission assessments and carbon footprint certification for key products [5]. Group 3: Future Directions - Haibo Sichuang plans to continue adhering to green development principles, leveraging the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area to deepen innovations in green production technology, contributing to the green low-carbon transformation of the national manufacturing industry [5].

Core Insights - Tesla's Shanghai Gigafactory has installed solar panels on its roof, generating 11 million kWh of electricity annually and reducing carbon emissions by 4,600 tons [1] - The adjacent Shanghai energy storage facility is also adding solar panels, expected to generate an additional 6 million kWh and reduce carbon emissions by 2,500 tons per year [1] - Tesla's stores and supercharging stations are also working towards self-generation of electricity, with the Shanghai Kangqiao direct sales body shop contributing 400,000 kWh of green electricity annually, reducing carbon emissions by 170 tons [1]

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~ 根据ICC鑫椤储能数据库不完全统计，10.20~10.26周招标数据11条，EPC、 PC及储能系统招标规模3.7GWh，中标数据20条，EPC、PC及储能系统招标 规模8.2GWh。 招标部分 招标项目统计 | 招标日期 | 分类 | 项目类型 | 投资方 | 招标项目名称 | | | 装机功车 装机容里 配箱时长 项目分类 省份 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 010 | (THE) | (H) | | | | 2025/10/24 | 电网侧 | 独立储能 | 中城大有新能源(南京)有限公司 | 中城大有六合龙袍5OMW/10ONWh储能申站项目-EPC | 50 | 100 | 2 | EPC | 江苏 | | | | | | 原承包 | | | | | | | 2025/10/24 | 电网则 | 独立储能 | 汕尾唐兴新能源有限责任公司 | 广东汕尾市200MW/200MW/200 ...

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~ 近日，天合储能再获海外GWh级储能大单，将携手全球领先的可再生能源开发商Atlas Renewable Energy在智利联合开发233MW/1003MWh构网型储能项目。该项目紧随 Atlas Renewable Energy近期4.75亿美元融资完成之后，将用于建设这一大型光伏+储 能综合体，旨在为智利矿业提供清洁能源，同时增强国家电网的韧性。 目前，我们在智利、阿根廷及中美洲市场进展显著，2025 年已实现 1.2GWh 出货量，且 2026 年已 签署合同总量更突破 2.5GWh。" 为更好服务拉美市场，天合储能始终坚持本地化战略，依托当地专业团队与高效响应机制，确保项目在 设计标准、电网适配、交付周期等各环节均满足当地监管与运营要求。未来，天合储能将持续深化构网 型技术的全球应用布局，推动储能系统从"能量支撑"迈向"电网支撑"，为更多国家实现电力系统稳定 与能源转型提供核心动力。 ——The End—— 本文来源：天合储能 。 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 ...

Company Overview - Xiamen Hichain Energy Technology Co., Ltd. submitted an updated IPO application in Hong Kong, indicating strong growth momentum expected to continue into 2025 [2] - The company achieved revenue of 6.97 billion yuan (approximately 980 million USD) in the first half of the year, a year-on-year increase of 224.6% [2] - Gross profit surged over tenfold to 916 million yuan [2] Business Model and Market Position - Founded in 2019, the company is one of the leading manufacturers of energy storage systems (ESS) and complete equipment globally [2] - Hichain Energy offers customized energy storage products and solutions for diverse application scenarios, covering the entire industry chain from energy storage cells to integrated energy storage systems and end-to-end solutions [2] - The company is positioned to benefit from the explosive growth in energy storage demand and is the first Chinese enterprise to produce energy storage systems in the U.S. [2] Financial Performance - The company has achieved adjusted profitability since last year, with an adjusted net profit of 247 million yuan in the first half of this year, rapidly moving towards a positive net profit for the full year [2] Competitive Advantage - Hichain Energy has established a significant competitive edge through differentiated technology, particularly in the long-duration energy storage sector, where it holds a substantial lead [2] - The company emphasizes that it is the first globally to launch energy storage batteries with a capacity exceeding 1,000 ampere-hours [2] - Its large-scale production includes energy storage cells of 587 ampere-hours and 1,175 ampere-hours, forming a product matrix suitable for power and commercial scenarios [2] - Hichain Energy is also the first in the industry to achieve mass production of 314 ampere-hour energy storage batteries [2]