Core Insights - Xinjie Energy has successfully launched its first batch of high-energy lithium metal solid-state cylindrical batteries, marking a significant step towards the commercialization of solid-state battery technology [1] - The project has a total planned capacity of 10GWh, with the first phase producing 2GWh aimed at high-end consumer electronics, while the second phase will focus on eVTOL, humanoid robots, and electric vehicles [1][3] - Tian Tie Technology's subsidiary has invested 300 million yuan for a 5.7692% stake in Xinjie Energy, indicating a strategic move into the solid-state battery sector [2] Company Developments - Xinjie Energy, established in 2020, is recognized as a high-tech enterprise and specializes in the research and production of high-energy and high-safety lithium metal solid-state batteries [1] - The company’s solid-state cylindrical battery cells have shown a capacity increase of 20%-50% and a continuous discharge capability exceeding traditional batteries by over 30% [3] - The first phase of production is progressing rapidly, with plans for the second phase already in place, indicating strong growth potential [3] Market Trends - Solid-state batteries are recognized for their high energy density, safety, and long cycle life, positioning them as a promising next-generation battery technology [3][4] - The collaboration between Xinjie Energy and Tian Tie Technology is expected to create a synergistic effect, enhancing their competitive edge in the solid-state battery market [4] - The demand for solid-state batteries is anticipated to grow in emerging fields such as drones, energy storage, and humanoid robots, contributing to market expansion [3]

视觉中国供图 全固态钠离子电池（以下简称"全固态钠电"）因高安全性和高能量密度被视为下一代储能技术的核 心，而钠基材料凭借钠资源丰富、成本低廉的优势，成为平衡性能与经济性的优选方向。但固态电解质 与电极间的界面问题，长期以来像一道无形的墙，阻挡着技术落地的脚步。 中国科学院大连化学物理研究所（以下简称"大连化物所"）能源催化转化全国重点实验室团队近日 在《自然·通讯》上发表的一项重要成果，如同在这道墙上打开了一扇门。他们研发的电诱导加速聚合 界面修复技术，成功让Ah级全固态软包电池在无外部加压的条件下稳定循环超1000圈，使得全固态电 池向产业化迈出关键一步，为低成本储能技术的规模化应用扫清了核心障碍。 固态电池的界面困境 "就像两块干燥的玻璃，叠放再紧密也会存在缝隙，这就是固态电池的界面困境。"大连化物所动力 电池与系统研究部访问学者杨庭舟点出了全固态电池产业化的核心痛点。作为全固态电池的"心脏瓣 膜"，固态电解质承担着传输钠离子的关键作用，而氧化物电解质因高离子电导率和化学稳定性，成为 科研界的重点攻关方向。但氧化物电解质的固有脆性使其从制备到使用的每一步都极易受损。 在大连化物所能源催化转化全国重点实验 ...

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index narrowly maintaining a nine-day winning streak, closing at 3965.28 points, up 0.04% [5] - The total trading volume across both exchanges exceeded 2 trillion yuan, indicating increased market activity [5][10] - The market's recent upward trend is attributed to multiple factors, including alleviated global liquidity concerns, favorable policies, and improved exchange rates [9][10] Sector Performance - The oil sector saw gains due to U.S. sanctions on Venezuelan oil tankers, suggesting potential opportunities in industry-leading companies [6] - The commercial aerospace sector remained active, driven by recent policy clarifications and the establishment of a dedicated regulatory body, which enhances the industry's growth prospects [6] - The robotics sector showed significant growth, with notable increases in stock prices since early January, supported by strong internal growth dynamics and favorable government policies [7] Investment Strategy - The report suggests maintaining a consistent investment approach, focusing on sectors with strong earnings support, including technology growth (semiconductors, AI, robotics), cyclical industries (solar, batteries, chemicals), and dividend stocks (banks, utilities) [2][9] - Investors are advised to avoid high-valuation stocks lacking earnings support, emphasizing the importance of selecting fundamentally sound companies for low-cost entry [2][9]

编者荐语： 摘要 上证指数收获八连阳，再叠加放量，跨年行情似乎正在蓄势待发； 2026 年关注反内卷和科技创新两大主线。 转载自申万宏源上海分公司，仅供参考。本周市场强势上涨，上证指数涨1.88%，从风格来看，科技成长表现优异，中小盘风格活跃。板块来看，海南板 块、有色金属及电池、商业航天、谷歌链等均涨幅较高，形成了范围较广的赚钱效应。 以下文章来源于申万宏源证券上海分公司 ，作者司伟杰 申万宏源证券上海分公司 . 申万宏源证券上海分公司官微，能为您提供账户开立、软件下载、研究所及投顾资讯等综合服务，为您的财富保驾护航。 市场回顾 本周市场强势上涨，上证指数涨 1.88% ，创业板涨 3.90% ，科创 50 涨幅 2.85% ，从风格来看，科技成长表现优异，中小盘风格活 跃。板块来看，海南板块、有色金属及电池、商业航天、谷歌链等均涨幅较高，形成了范围较广的赚钱效应，在此带动下，成交量也摆脱 了 1.8 万亿附近的震荡区间，周五全市场成交量突破 2.1 万亿。上证指数收获八连阳再叠加放量，跨年行情似乎正在蓄势待发。 行业复盘：有色金属为何那么强？ 从今年申万一级行业来看，有色金属涨幅超过 80% ，排名第一， ...

电池产业链盘初下探，天际股份触及跌停，海科新源、恩捷股份、华盛锂电、天赐材料纷纷下跌。 ...

Group 1 - The A-share market experienced fluctuations and adjustments, with the Shanghai Composite Index achieving a nine-day winning streak, indicating strong market enthusiasm for buying [1] - Institutional reallocation demand and capital inflow are expected to improve market liquidity and boost trading activity as the year-end approaches [1] - The focus in the short term is on the selection of the new Federal Reserve chair and the implementation of domestic monetary and fiscal policies [1] Group 2 - The A-share market faced resistance after a rise, with sectors such as banking, petrochemicals, wind power equipment, and software development performing well, while energy metals, pharmaceutical commerce, batteries, and electricity lagged [2] - The domestic monetary policy is expected to maintain a stance of "moderate easing," and there is a general expectation that the Federal Reserve will continue its rate-cutting cycle into 2026, leading to a more accommodative global liquidity environment [2] - The recent strengthening of the RMB has enhanced the attractiveness of RMB assets, which is beneficial for attracting capital inflow [2]

每经AI快讯，有投资者在投资者互动平台提问：12月中旬英伟达掌门黄仁勋在闭门会议提到储能将大 量采用钠离子电池。 请问公司在钠离子电池方面有哪些领先优势？ （文章来源：每日经济新闻） 同兴科技（003027.SZ）12月30日在投资者互动平台表示，目前，公司研发的钠电正极材料已通过公司 中试线试生产，具有低比表面积、高加工性能、高电化学性能、高安全性等综合优势，但目前暂未大规 模量产，请投资者注意风险。 ...

Group 1: Target Price Increases - On December 29, 2023, several companies received target price increases from brokers, with notable increases for Jingpin Special Equipment, Huaxu Electronics, and Anker Innovation, showing target price increases of 43.02%, 35.06%, and 30.02% respectively, primarily in the military electronics and consumer electronics sectors [1][2] - The highest target prices and their respective increases are as follows: Jingpin Special Equipment (114.00 CNY, 43.02%), Huaxu Electronics (39.60 CNY, 35.06%), and Anker Innovation (145.00 CNY, 30.02%) [2] Group 2: Broker Recommendations - A total of 27 listed companies received broker recommendations on December 29, with companies like Hailan Home, Huachuang Cloud, and Guiguan Electric receiving one recommendation each [2] - The companies with the highest target price increases also reflect strong broker interest, indicating potential investment opportunities in these sectors [1][2] Group 3: First-Time Coverage - On December 29, brokers initiated coverage on eight companies, including Shangfeng Cement and Aisolar, both receiving "Increase" ratings, while Libat and Zhuhai Guanyu received "Buy" ratings from Guosheng Securities [3][4] - Other companies receiving first-time coverage include Baolong Chuangyuan and Xincheng Technology, indicating a growing interest in sectors such as cement, photovoltaic equipment, and battery technology [3][4]

资料显示，山东圣阳电源股份有限公司位于山东省曲阜市圣阳路1号，成立日期1998年8月20日，上市日 期2011年5月6日，公司主营业务涉及通信备用电源、电力备用电源、新能源储能电源、动力电源、光伏 系统集成等系统方案的设计、开发和经营。主营业务收入构成为：通信42.03%，数据/算力中心 24.75%，储能及电力16.86%，其他场景16.36%。 截至12月19日，圣阳股份股东户数6.01万，较上期减少1.65%；人均流通股7521股，较上期增加1.67%。 2025年1月-9月，圣阳股份实现营业收入26.02亿元，同比增长15.43%；归母净利润1.60亿元，同比减少 3.70%。 分红方面，圣阳股份A股上市后累计派现1.29亿元。近三年，累计派现5264.88万元。 机构持仓方面，截止2025年9月30日，圣阳股份十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股269.75万股，相比上期增加129.49万股。 12月29日，圣阳股份跌0.79%，成交额7677.31万元。两融数据显示，当日圣阳股份获融资买入额750.38 万元，融资偿还830.89万元，融资净买入-80.51万元。截至12 ...

全固态钠离子电池（以下简称"全固态钠电"）因高安全性和高能量密度被视为下一代储能技术的核心， 而钠基材料凭借钠资源丰富、成本低廉的优势，成为平衡性能与经济性的优选方向。但固态电解质与电 极间的界面问题，长期以来像一道无形的墙，阻挡着技术落地的脚步。 中国科学院大连化学物理研究所（以下简称"大连化物所"）能源催化转化全国重点实验室团队近日在 《自然·通讯》上发表的一项重要成果，如同在这道墙上打开了一扇门。他们研发的电诱导加速聚合界 面修复技术，成功让Ah级全固态软包电池在无外部加压的条件下稳定循环超1000圈，使得全固态电池 向产业化迈出关键一步，为低成本储能技术的规模化应用扫清了核心障碍。 固态电池的界面困境 "就像两块干燥的玻璃，叠放再紧密也会存在缝隙，这就是固态电池的界面困境。"大连化物所动力电池 与系统研究部访问学者杨庭舟点出了全固态电池产业化的核心痛点。作为全固态电池的"心脏瓣膜"，固 态电解质承担着传输钠离子的关键作用，而氧化物电解质因高离子电导率和化学稳定性，成为科研界的 重点攻关方向。但氧化物电解质的固有脆性使其从制备到使用的每一步都极易受损。 在大连化物所能源催化转化全国重点实验室里，该实验室 ...