Group 1 - Jiangte Electric announced a suspension of trading due to potential changes in its actual control, as notified by its actual controllers Zhu Jun and Lu Shunmin [1] - The company's stock closed at 7.74 yuan per share, with a total market value of approximately 13.21 billion yuan [1] - Jiangte Electric's controlling shareholder is Jiangxi Jiangte Electric Group Co., Ltd., which holds 14.12% of the company's shares [1] Group 2 - Jiangte Electric has faced significant operational challenges, with revenues of 2.799 billion yuan and 2.103 billion yuan in the past two years, and net losses of 397 million yuan and 319 million yuan respectively [2] - The company has accumulated losses exceeding 1 billion yuan after deducting non-recurring items [2] - The lithium mining segment is projected to have a gross margin of -22% in 2024, while the intelligent motor segment has a gross margin of 21% [2] Group 3 - To address its financial difficulties, Jiangte Electric's subsidiary Yichun Yinli New Energy Co., Ltd. will undergo a 26-day production halt for equipment maintenance starting July 25 [3] - The maintenance aims to reduce production costs across all lithium salt production lines [3]

2025年7月22日，A股三大指数集体翻红，宁德时代涨超3%，创业板新能源ETF华夏（159368）上 涨1.32%。 每日经济新闻 （责任编辑：董萍萍 ） 消息面，沪深两市已披露业绩预告的23家锂电概念相关上市公司中，超八成企业净利润预计实现同 比增长，业绩"预喜"成为主旋律。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 中原证券认为，结合行业政策、业绩增长预期及估值水平，维持锂电池行业"强于大市"投资评级。 2025年建议重点关注三条投资主线：一是碳酸锂相关材料价格总体仍承压，下游锂电池企业及部分材料 企业将相对受益，关注长期注重研发投入和规模优势企业；二是细分领域龙头，市场占比在细分市场中 持续提升，且具备成本优势的优质标的；三是固态电池领域的主题性投资机会。 创业板新能源ETF华夏（159368）是全市场首只上市跟踪创业板新能源指数的ETF基金，该指数主 要涵盖新能源和新能源汽车产业，包含新能 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [5] Core Insights - The report highlights the ongoing price increases in the photovoltaic industry chain, with significant price adjustments for silicon wafers and battery cells, indicating a recovery in market sentiment for solid-state batteries [9][15] - The report emphasizes the importance of monitoring price changes in the industry chain, as well as the progress of mergers and acquisitions in the silicon material sector [15][36] Summary by Sections Photovoltaic - The prices of silicon materials have risen to approximately 47-49 CNY/kg, with silicon wafer prices for 183N, 210RN, and 210N reaching 1.45, 1.65, and 1.93 CNY per piece respectively [21][24] - The report notes that the photovoltaic industry is experiencing a reduction in low-price competition, with a focus on orderly exit of backward production capacity [16][36] - Key recommendations include investing in companies benefiting from this trend, such as Tongwei Co., GCL-Poly Energy, LONGi Green Energy, and Aiko Solar [36] Energy Storage - The introduction of capacity pricing for energy storage in Gansu province strengthens the logic for independent energy storage in China, with a capacity price set at 330 CNY/KW per year for the first two years [41][42] - The report indicates that the domestic energy storage market is expected to see continued growth, driven by favorable policies and increasing demand [39][50] - Recommended companies in this sector include Sungrow Power Supply and Deye Technology, with a focus on large-scale energy storage projects [36] Lithium Battery - The report notes a stable upward trend in the lithium battery sector, with a focus on companies with strong profitability and stable market positions, such as CATL and other quality second-tier companies [16][36] - The sentiment around solid-state batteries is improving, with significant advancements expected in materials and technology [16][39] Wind Power - The report highlights the acceleration of offshore wind projects in China, with expectations for increased profitability in the second half of the year as project deliveries ramp up [16][36] - Recommended companies include Mingyang Smart Energy and Zhongji Innolight, which are well-positioned to benefit from this trend [36] Power Equipment - The report emphasizes the importance of high-voltage direct current (HVDC) projects and the expected approval of new projects in the second half of the year [16][36] - Recommended companies in this sector include Sifang Co. and State Grid Information & Communication, which are expected to benefit from these developments [36] New Directions - The report discusses the potential of humanoid robots and advancements in solid-state battery technology, indicating a positive outlook for companies involved in these areas [16][36]

Investment Rating - The report maintains a recommendation for metals silicon, PBAT, and valine, indicating a positive outlook for these materials in the chemical industry [1]. Core Insights - The new materials sector outperformed the broader market and the basic chemical sector, with a weekly change of 1.37% for the new materials index compared to 1.17% for the basic chemical index and 1.09% for the CSI 300 index [8]. - Price increases were noted for metals silicon (+3.16%), PBAT (+0.51%), and valine (+0.35%), while significant declines were observed in electronic-grade hydrogen peroxide (-3.86%), 6F (-1.01%), and epoxy resin (-0.88%) [8][21]. - The report highlights the importance of the new materials sector, particularly in semiconductor materials, which showed significant gains [8][25]. Industry Updates - The Ministry of Industry and Information Technology held a meeting with photovoltaic companies to address low-price competition and promote the exit of outdated production capacity, aiming for sustainable development in the solar industry [9]. - The easing of trade tensions between China and the U.S. has led to a recovery in trade inquiries and shipping prices, positively impacting chemical prices [10]. - The report emphasizes the potential for growth in the new materials sector, particularly in areas that require domestic production capabilities and have been historically reliant on imports [11]. Trading Data - The Huachuang Chemical Industry Index stood at 73.06, reflecting a decrease of 0.22% week-on-week and a year-on-year decline of 25.03% [17]. - The industry inventory percentile is at 91.12%, indicating a high level of stock relative to the past five years [17].

天力锂能于2022年8月29日在深交所创业板上市，公开发行股票3,050.0000万股，发行价格为57.00 元/股，保荐机构(主承销商)为民生证券股份有限公司(现为国联民生证券股份有限公司)，保荐代表人为 李凯、马腾。 上市首日，天力锂能盘中最高价报82元，为该股上市以来最高价。该股目前处于破发状态。 天力锂能首次公开发行股票募集资金总额为173,850.00万元，募集资金净额为155,033.16万元。天力 锂能最终募集资金净额较原计划多71,387.50万元。天力锂能于2022年8月23日披露的招股说明书显示， 该公司拟募集资金83,645.66万元，计划用于淮北三元正极材料建设项目、新乡三元正极材料建设项目。 天力锂能首次公开发行股票的发行费用总额为18,816.84万元，其中，保荐及承销费用16,315.75万 元。 中国经济网北京7月21日讯 天力锂能(301152.SZ)昨晚披露了关于股东减持股份的预披露公告。 据天力锂能公告，持有公司股份5,400,000股(占公司总股本比例4.55%)的股东河南富德高科新材创 业投资基金合伙企业(有限合伙)(以下简称"富德基金")计划自公告披露之日起15个交 ...

中国银河证券|CGS 拥抱固态浪潮，积极开拓新曲线 星源材质（300568.SH）首次覆盖报告 分析师：曾韬、段尚昌 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 公司深度报告 · 电力设备及新能源行业 拥抱固态浪潮,积极开拓新曲线 星源材质（300568.SZ）首次覆盖报告 2025 年 7 月 21 日 核心观点 主要财务指标预测 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业收入/百万元 | 3541.11 | 4451.79 | 5371.90 | 6788.91 | | 同比 | 17.52% | 25.72% | 20.67% | 26.38% | | 归母净利润/百万元 | 363.83 | 428.39 | 542.75 | 645.60 | | 同比 | -36.87% | 17.74% | 26.70% | 18.95% | | EPS/元 | 0.27 | 0.32 | 0.40 | 0.48 | | PE | 45.18 | ...

星源材质 摘要： 隔膜国产化龙头，积极推进全球化战略。公司20余年深耕隔膜行业，是我国第一家同时拥有干、湿法制备 技术并向海外出口的企业。2024年公司隔膜出货市占率17.6%，连续5年位居国内第二。公司管理层行业 经验丰富，战略能力强，积极开展全球化布局，瑞典一期已投产，马来西亚20亿平产能预计于2025年中期 投产，到2027年总产能将达160亿平方米。公司先后斩获三星、大众等多个隔膜大单，海外市场高盈利特 性支撑未来业绩及盈利能力。 中国银河（601881）证券股份有限公司曾韬,段尚昌近期对星源材质（300568）进行研究并发布了研究报 告《首次覆盖报告：拥抱固态浪潮，积极开拓新曲线》，首次覆盖星源材质给予买入评级，目标价14.58 元。 风险提示：行业竞争加剧，隔膜价格持续下行的风险、固态电池技术路线变化的风险、新增投资领域发展 不及预期的风险等。 最新盈利预测明细如下： | 报告日期 | 机构简称 研究员 | | 近三年业绩 | 研报数 覆盖时长 | | 2025预测 | 2026预测 | 2027预测 | 目标价 | | --- | --- | --- | --- | --- | --- | -- ...

新华财经上海7月21日电近期，韩国证券存托结算院（KSD）发布的最新数据显示，截至7月15日，韩国 投资者2025年年内对中国内地及香港股市的累计交易额超54亿美元，中国市场成为其第二大海外投资目 的地，仅次于美国市场。 数据显示，相较于偏好核心资产的欧美机构资金，韩国投资者紧跟市场热点，对港股热情高涨。截至7 月15日，韩国股民最为青睐小米集团，今年以来累计净买入金额约为1.7亿美元；比亚迪和宁德时代也 受到韩国股民青睐，分别吸引9310万美元和6089万美元的资金流入。泡泡玛特和老铺黄金等新消费概念 也获得追捧元。A股市场中，华夏中证机器人ETF成为韩国投资者配置中国机器人产业的重要通道。 韩国投资者短线大举扫货中国资产，是全球资本配置转变的一个缩影。随着中国经济基本面韧性凸显， 科技企业在人工智能等领域取得一系列重大突破，多家外资机构用"真金白银"加码中国市场。 此外，随着政策持续发力，"反内卷"风潮席卷各行各业，朱良认为，此次涉及的领域不仅包括钢铁、水 泥等传统产业，还涉及民企占比较高的光伏、新能源汽车、锂电池等新兴产业。 2025年初以来，得益于DeepSeek、新消费和创新药等新叙事的不断涌现，港 ...

从收益能力看，截至2025年7月18日，新能源ETF自成立以来，最高单月回报为25.07%，最长连涨月数为2个月，最长连涨涨幅为38.44%，上涨月份平均收益 率为7.76%。截至2025年7月18日，新能源ETF近3个月超越基准年化收益为6.57%。 截至2025年7月21日 13:04，中证新能源指数上涨0.95%，成分股雅化集团10cm涨停，中材科技上涨7.35%，特变电工上涨4.63%，孚能科技上涨3.30%，福莱 特上涨2.86%。新能源ETF(159875)上涨0.85%， 冲击3连涨。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300750 | 宁德时代 | 2.56% | 9.72% | | 300274 | 阳光电源 | 0.01% | 5.57% | | 601012 | 降基绿能 | 1.18% | 5.18% | | 601982 | 中国核电 | 0.11% | 4.36% | | 600905 | 三峡能源 | 1.40% | 3.46% | | 600089 | 特变电工 | 4.63% | 3.43% | | ...

AI基金嘉实新能源新材料股票A（003984）披露2025年二季报，第二季度基金利润470.57万元，加权平均基金份额本期利润0.004元。报告期内，基金净值增 长率为0.46%，截至二季度末，基金规模为20.59亿元。 该基金属于标准股票型基金，长期投资于先进制造股票。截至7月18日，单位净值为1.802元。基金经理是姚志鹏和熊昱洲，目前共同管理2只基金近一年均 为正收益。其中，截至7月18日，嘉实产业先锋混合A近一年复权单位净值增长率最高，达48.83%；嘉实新能源新材料股票A最低，为33.18%。 基金管理人在二季报中表示，目前企业盈利修复非常类似于历史上相似的周期时刻，由于企业资本开支的压抑，未来很多行业的盈利修复有可能超越预期。 当下市场仍然对于企业盈利能否持续修复存在分歧，这也是过去三年市场下跌带来的悲观惯性，一旦修复后续持续，市场的估值修复空间也大概率超越市场 的预期。 二季度市场先跌后涨，随着二季度市场企稳，我们围绕企业利润改善和估值氛围重点配置在以新能源锂电池和智能驾驶相关资产，并随着市场的 波动动态平衡组合的基本面和估值的分位。 截至7月18日，基金近三年最大回撤为63.37%，同类可比基 ...