王老师18911725159 北极星储能网讯：近日，欣旺达314Ah储能电芯正式通过EPD International环境产品声明认证，成为全球首例电池行业通过该体系认证的产品。本次认证由 国际权威机构必维集团执行，标志着欣旺达在储能电芯全生命周期管理和绿色低碳制造方面达到国际领先水平。 314Ah储能电芯是目前欣旺达储能电芯家族的核心产品，凭借卓越的安全性、高能量密度和超长循环寿命，量产以来持续获得海内外客户的高度认可，并 在2025年助力公司跻身中国储能电芯全球出货量前十。此次顺利通过EPD认证，进一步印证了其在技术实力与绿色制造方面的综合竞争力。 本次认证严格遵循EPD International体系认可的PCR（产品类别规则），覆盖产品从原材料获取、生产制造、运输安装、使用阶段到生命周期末端（EoL） 的全流程环境影响。依托科学、严谨、可验证的数据体系，欣旺达系统呈现了314Ah电芯的全生命周期环境足迹，以高度透明的环境声明向全球客户展示 产品卓越的环境绩效。 2026年中国储能技术创新应用研讨会2026/1/28 此次认证不仅是对314Ah产品实力的认可，也是欣旺达践行ESG理念的重要成果。目前，欣 ...

Global Market Overview - The Hang Seng Index closed at 25,434, down 1.29% for the day but up 26.79% year-to-date [1] - The S&P 500 Index in the US closed at 6,841, down 0.09% for the day and up 16.30% year-to-date [1] - The Japanese Nikkei 225 saw a slight increase of 0.14%, with a year-to-date increase of 26.97% [1] Hong Kong Stock Performance - The Hang Seng Financial Index closed at 46,622, down 0.49% for the day and up 32.69% year-to-date [2] - The Hang Seng Real Estate Index decreased by 1.56%, with a year-to-date increase of 19.58% [2] Chinese Stock Market Insights - The Chinese stock market experienced a pullback, with Hong Kong stocks declining more than A-shares, particularly in materials, energy, and real estate sectors [3] - The net buying from southbound trading was HKD 530 million, with Tencent, Xiaomi, and Alibaba seeing the most net buying [3] - The forecast for global and Chinese energy storage battery shipments is optimistic, with an expected growth rate exceeding 80% this year [3] Industry Analysis: Internet Sector - The year 2026 is projected to be crucial for capturing user attention in the AI era, focusing on lowering usage barriers and enhancing decision-making efficiency [4] - Companies with stable cash flows supporting AI investments and strong operational capabilities are expected to have higher long-term investment value [4] - Recommended stocks include Tencent, Alibaba, and Kuaishou for their AI-related growth potential [4] Consumer Sector Insights - The e-commerce sector is expected to benefit from national subsidies, with experience-based consumption (like travel and gaming) projected to grow faster than physical goods [5] - The competition in the local lifestyle sector is intensifying, but the online travel agency (OTA) sector shows resilience [5] Technology Sector Outlook - The AI industry is expected to see intensified competition and increased application monetization in 2026, with a focus on enhancing model capabilities [6][7] - Companies like Microsoft, Google, and Amazon are recommended for their potential in AI-driven revenue growth [8] Cloud Services Growth - Cloud service revenue growth is accelerating, with a significant increase in capital expenditures driven by demand [9] - AI investments are expected to enhance profit margins and create new revenue opportunities [9] AI Monetization Opportunities - The global AI spending is projected to grow by 37% to USD 2 trillion in 2026, with a focus on AI applications in various sectors [10] - Key areas for investment include AI applications in programming, creative generation, and enterprise intelligence [10]

广东珠海，一家生产储能电池的龙头企业受制于工艺堵点，广招行业精英一起攻关，推动技术创新、产 品革新；山东科技大市场从专利库"筛"出匹配项，给企业和实验室牵线做"红娘"，实现技术落地、产品 升级。 "要看'卷'什么。怕同质'卷'价格，不怕创新'卷'技术。就研发来说，和友商之间的合作远远大于竞 争。"一家企业工作人员给出的回答，颇具启示。 竞合，是市场运行的常态。从垂直细分领域来看，一些企业难免"狭路相逢"，技术上要较高下，份额上 也要争高低。但是换个角度看，在技术前沿攻关和全球市场重塑等方面，昔日的竞争对手，也可以 是"同一个战壕"里的"战友"。 这不是"一厢情愿"，恰恰是循时而动、顺势而为。在海尔、歌尔等公司的展厅，不约而同都陈列着一辆 国产新能源汽车。工作人员介绍，从智能座舱的配置，到智慧互联的应用，均指向"汽车生活场景""车 家联动生态"的行业新蓝海，这其中，几家青岛企业都在错位竞争中找到了一席之地。 今天，谁能把握大数据、人工智能等新技术发展的机遇，谁就把准了时代脉搏。赛道相近的背后，往往 蕴含"英雄所见略同"的前瞻性思考，照见方兴未艾的发展大势、行业趋势。 看"脚下的路"，势必要登高望远，眼界宽一点、 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：中汽新能官微 会议主办：鑫椤资讯 会议时间：2026年3月19-20日 会议地点：江苏·常州 会议咨询： 13248122922(微信同） 鑫椤报告预售： 作为欧洲电池制造领域的领军企业，比利时AVESTA公司已构建起"研发-制造-回收"全产业链闭环生 态，核心业务聚焦下一代固态电池的研发与规模化生产，技术实力与行业影响力广受认可。2025年8 月，该公司正式签约落户中国江苏省常州市金坛经济开发区，此举成为其布局亚洲市场的关键落子，为 此次跨国合作奠定了坚实基础。 此次2GWh储能项目的达成，既是AVESTA公司深耕新能源储能板块的重要战略布局，更彰显了其对中 汽新能在技术研发、产品可靠性及市场服务能力上的高度认可和信赖。 双方一致表示，将以此次签约为起点，构建长期稳定、互惠共赢的战略合作伙伴关系，携手开拓国际储 能市场新空间，为全球碳中和目标的实现贡献产业力量。 如想了解更多关于全球储能电池行业信息，欢 迎订购《2025-2029年全球储能市场运行趋势及竞争 策略研究报告 》，订购电话：1896400137 ...

透视财报：解读储能企业的业绩"含金量" （一）收入与净利润：行业规模效应显著，头部带动能力强 根据CNESA Datalink全球储能数据库不完全统计 ， 2025年第三季度新增装机 9.45GW/26.56GWh，同比+13%/+30%。 前三季度新增 装机规模达去年全年新增装机的 78%，2025 年新增装机有望超过去年。这充分表明， 尽管136号文的出台曾引发市场对增速放缓的担忧， 但储能电池行业凭借强劲的内生需求，依然展现出极高的发展 韧性与活力，实际装机表现持续向好。 | 公司 | 前三季度营收 | 前三季度净利润 | | --- | --- | --- | | | (亿元) | (亿元) | | 宇德时代 | 2831 | 490.3 | | 比亚迪 | 5662.66 | 233.33 | | 亿纬锂能 | 450 | Illianc 28.16 | | 欣旺达 | 435.3 | 14.05 | | 国轩高科 | 295.10 | 25.33 | | 鹏辉能源 | 75.81 | 1.15 | | 派能科技 | 20.13 | 0.48 | | 赣锋锂业 | 146.25 | 0.26 | | ...

Market Overview - A-shares and Hong Kong stocks remained stable, with the ChiNext index retreating after approaching the 60-day moving average, indicating a cautious market sentiment and reduced trading volume [1] - The overall market sentiment is positive, with more favorable news than negative, leading to a structural market where investors focus on sectors rather than indices [1] Positive Factors - Positive news includes the delay of U.S. tariffs on China until 2026 and the near certainty of a Federal Reserve rate cut in December [1] - The Federal Reserve's rate cut is expected to benefit cyclical resource stocks, suggesting opportunities for short-term positioning around this event [1] Negative Factors - Minor external issues, such as tensions with a certain country, and internal concerns like the decline in Vanke's bonds, are noted [1] - The decline in Vanke's bonds may be a deliberate market action, with the external negative factors largely priced in [1] Real Estate Market Dynamics - The real estate market is undergoing a "soft landing" approach, with gradual price reductions to prevent a significant drop in housing prices [3] - The strategy involves both soft and hard landing methods, with the former focusing on state-owned enterprises acquiring existing housing stock and the latter on the liquidation of real estate companies [3] Investment Recommendations - Investors are advised to avoid real estate and focus on sectors such as semiconductor chips, AI and internet leaders, innovative pharmaceuticals, new consumption, industrial robots, energy storage batteries, and photovoltaics [6] - The policy direction indicates a focus on creating three trillion-yuan industries and ten hundred-billion-yuan industries, with consumer electronics, home appliances, and automotive manufacturing expected to benefit [6]

Core Insights - The article highlights the significant growth in the Chinese new energy vehicle (NEV) market, with production and sales reaching 1.772 million and 1.715 million units in October, representing year-on-year increases of 21.1% and 20% respectively [2] - The penetration of new energy vehicles in total vehicle sales has reached 51.6% in October, indicating a strong market trend [2] - Cumulative sales from January to October show a total of 13.015 million NEVs sold, with a year-on-year growth of 33.1% [2] NEV Market Performance - In October, domestic sales of NEVs were 1.459 million units, with a month-on-month increase of 5.6% and a year-on-year increase of 12.1% [2] - The breakdown of sales includes 1.377 million passenger NEVs (up 6% month-on-month, 10.3% year-on-year) and 82,000 commercial NEVs (down 0.5% month-on-month, up 52.4% year-on-year) [2] - Cumulative domestic sales for the first ten months reached 10.929 million units, with passenger NEVs at 10.28 million (up 24%) and commercial NEVs at 649,000 (up 60.2%) [2] Battery Industry Insights - In October, the domestic power battery installation volume was 84.1 GWh, showing a year-on-year growth of 42.1% [5] - The share of ternary batteries was 19.7% of the total installation, while lithium iron phosphate batteries accounted for 80.3% [5] - Cumulative power battery installation from January to October reached 578.0 GWh, with a year-on-year increase of 42.4% [5] Energy Storage Market - The domestic energy storage battery shipment in October was 59.9 GWh, reflecting a year-on-year growth of 67.6% [7] 3C Digital Market - In September, the domestic smartphone shipment was 27.931 million units, with a year-on-year increase of 10%, including 24.106 million 5G smartphones [9] Electric Tools Market - In October, the production of domestic electric tools reached 15.233 million units, with a year-on-year decrease of 8.87% [11] Future Market Trends - The Chinese NEV market is expected to maintain a certain level of growth, while the U.S. market may see a decline in electric vehicle penetration due to subsidy cancellations [14] - The European market is gradually increasing its penetration rate with the introduction of new models, and global energy storage demand is exceeding expectations, positively impacting battery and material sectors [14]

Group 1 - The new energy sector showed localized activity in the afternoon, with lithium battery electrolyte and solid-state battery concepts leading the way. The China Securities New Energy Index rose by 0.6%, while the National Securities New Energy Battery Index increased by 0.1%. Conversely, the China Securities Shanghai Carbon Neutrality Index fell by 0.8%, and the China Securities Photovoltaic Industry Index decreased by 1.3%. The Energy Storage Battery ETF (159566) saw a net subscription of nearly 100 million units throughout the day. According to Wind data, the Energy Storage Battery ETF (159566) experienced a net inflow of over 900 million yuan in the month leading up to the last trading day [1][4][5] - Huatai Securities indicated that the "14th Five-Year Plan" emphasizes accelerating the construction of a new energy system, which includes significant development of new energy storage and expedited smart grid construction. The firm remains optimistic about the two core themes of new energy development and the increase in electrification rates, suggesting that companies in the energy storage, wind power, and grid sectors are likely to continue benefiting [1][4][5] Group 2 - The Carbon Neutrality ETF by E Fund tracks the China Securities Shanghai Carbon Neutrality Index, which focuses on the carbon neutrality sector. This index is composed of 100 stocks with significant market capitalization in low-carbon fields such as clean energy and energy storage, as well as high-carbon reduction potential in sectors like thermal power and steel. The index has seen a decline of 0.8% recently, with a rolling market rate of 25.3 times and a valuation percentile of 87.6% since its inception in 2021 [4]

Group 1 - The China Securities New Energy Index decreased by 0.1%, the National Securities New Energy Battery Index fell by 0.6%, the China Securities Shanghai Carbon Neutrality Index dropped by 1.0%, and the China Securities Photovoltaic Industry Index declined by 2.0% as of midday closing [1][5] - The Energy Storage Battery ETF (159566) saw a net subscription exceeding 20 million units during the half-day session [1] Group 2 - The index focuses on the energy storage sector, consisting of 50 companies involved in battery manufacturing, energy storage battery inverters, energy storage battery system integration, and battery temperature control and fire protection, which are expected to benefit from future energy development opportunities [3] - The Photovoltaic ETF managed by E Fund tracks the China Securities Photovoltaic Industry Index, which is composed of 50 representative companies across the upstream, midstream, and downstream of the photovoltaic industry chain [5] - The Carbon Neutrality ETF managed by E Fund tracks the China Securities Shanghai Carbon Neutrality Index [6]

Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Insights - The company achieved a revenue of 476 million yuan in the first three quarters of 2025, representing a year-on-year growth of 12.09%. The third quarter alone saw a revenue increase of 26.05% year-on-year, indicating strong expansion in its core business [3] - The net profit attributable to the parent company for the first three quarters of 2025 was -59.8 million yuan, an improvement compared to -11.2 million yuan in the same period of 2024. The profit forecasts for 2025, 2026, and 2027 have been adjusted to -35 million, 155 million, and 277 million yuan respectively, with corresponding EPS of -0.31, 1.39, and 2.48 yuan [3][5] - The company has commenced mass production of its lead-carbon battery production line in Luliang, Yunnan, marking a significant breakthrough in its manufacturing capabilities. The project has invested 423 million yuan as of the first half of 2025 [3] Financial Summary - For 2025, the company expects revenues to reach 734 million yuan, with a year-on-year growth of 18.7%. By 2026, revenues are projected to soar to 2.43 billion yuan, reflecting a growth rate of 231.5% [5][7] - The gross margin is expected to decline to 9.8% in 2025 but is projected to recover to 16.5% in 2026 and 16.1% in 2027 [5][8] - The company’s total assets are forecasted to grow from 1.65 billion yuan in 2025 to 2.58 billion yuan in 2027, while total liabilities are expected to increase from 1.24 billion yuan in 2025 to 1.69 billion yuan in 2027 [7] Industry Insights - Lead-carbon batteries are noted for their safety, low cost, and maturity in technology, making them particularly suitable for household energy storage in regions with unstable power supply [4] - The integration of carbon materials in lead-acid batteries enhances their lifespan and performance, making them a viable alternative to lithium batteries in residential settings [4]