（编辑 王雪儿） 证券日报网讯 华宝新能8月27日在互动平台回答投资者提问时表示，公司深化消费级全场景光伏储能解 决方案品牌战略，以产品创新迭代为核心驱动力，推动核心市场市占率大幅提升与新兴市场实现突破。 2025年上半年，北美市场营收同比增长42.86%，亚洲市场（不含中国）同比增长31.92%，欧洲市场同 比增长106.42%。为强化全球市场渗透，公司持续构建"官网独立站+第三方电商平台+线下零售"三位一 体的全球渠道网络，业务已覆盖50多个国家和地区。展望三季度，叠加三、四季度消费旺季的行业特 性，公司业绩具备一定增长支撑。从近期市场表现看，7月亚马逊"Prime Day"大促中，Jackery 品牌产品 表现亮眼：美国市场户外电源品类市占率位居第一，销量同比增长173%；日本市场斩获工具大类与电 源小类双类目榜首，销售额同比翻倍；欧洲市场销量同比大幅增长150%，其中英国站在电源类目排名 中位列第一，为三季度业绩奠定坚实基础。 ...

8月22日晚，华宝新能（301327）披露2025年度中报，在报告期内公司上半年营收16.37亿，同比激增43.32%，净利润1.23亿同比增速达68.31%，利润增速 跑赢营收25个百分点。值得关注的是，海外市场结构化突破――欧洲市场以106.42%的同比增幅成为核心引擎，北美、亚洲(除中国)分别贡献42.86%与 31.92%增长。 这份成绩单背后，是M2C直销模式对传统分销体系的降维打击，是家庭储能场景从备用电源向能源中枢的进化，也是中国技术品牌在全球能源转型中的 战略卡位。当多数企业还在价格战中内卷，华宝新能已用技术创新在绿色能源的万亿赛道上划出一条陡峭的增长曲线。 消费级光伏储能的需求被远远低估 经历过两年的新能源寒冬后，资本市场似乎远远低估了对消费级光伏储能的需求的预判。该行业2024年627亿美元的市场规模较上年增长73%，这一数据 足够引人注目。此外，驱动增长的核心动力也在发生结构性转变。传统认知中，储能市场长期被视为政策导向型领域，然而当前数据显示，消费者自发需 求与技术迭代形成的共振效应，正在重塑市场格局。 欧洲市场极具代表性。2022年能源危机后，德国、法国等国居民电费激增40%以上，直 ...

转自：中国证券报·中证网 中证报中证网讯（王珞）8月22日晚，华宝新能披露2025年半年度报告，上半年公司实现营业收入16.37 亿元，同比增长43.32%；净利润1.23亿元，同比增长68.31%。华宝新能表示，业绩增长得益于公司聚焦 消费级全场景光伏储能解决方案，积极拓展全球市场成效显著。 根据报告，在市场拓展方面，北美地区作为华宝新能核心市场营收同比增长42.86%，保持了稳健的增 长态势。在新兴市场中，欧洲市场表现尤为突出，营收同比增长106.42%，亚洲市场（不含中国）也实 现了31.92%的同比增长。 华宝新能称，取得上述成绩得益于公司构建的"官网独立站+第三方电商平台+线下零售"三位一体的全 球渠道网络：品牌官网独立站营收同比增长55.25%，占总营收的比重达29.41%；线下渠道与Costco、 Lowe's、Home Depot、Best Buy等全球知名零售商展开深度合作，产品入驻超1万家店铺，营收同比增 长45.85%，品牌的市场渗透率与话语权持续提升。截至报告期末，公司产品累计销量近600万台，稳居 行业前列。 报告中提到，在研发创新方面，今年上半年，公司研发投入达7616.38万元， ...

中国光伏行业协会拟于2025年9月18日-19日在安徽省滁州市举办"光伏储能产业创新成果对接会"。会议 主题为"光储融合应用筑就零碳未来"，将汇聚光储行业龙头企业高管、技术专家等共同探讨行业发展。 2025年8月21日主力资金净流出62146.80万元，近五日主力资金净流出125283.94万元。 截至2025年8月21日15时10分，阳光电源股价为92.49元，较前一交易日收盘价下跌2.79元，跌幅为 2.93%。当日开盘价为94.46元，最高价94.66元，最低价92.05元，成交量为498125手，成交额46.38亿 元。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 阳光电源主营业务为光伏逆变器、储能系统等新能源电力电子设备的研发、生产和销售。公司产品广泛 应用于光伏发电、储能电站等领域。 ...

2025 年 8 月 21 日 公司研究 Q2 费用率环比下降，盈利超预期 ——英威腾（002334.SZ）2025 年半年度报告点评 要点 事件：公司发布 2025 年半年度报告：2025H1，公司实现营业收入 20.39 亿元， 同比减少 3.51%；归母净利润 1.23 亿元，同比增加 13.01%；扣非归母净利润 1.06 亿元，同比减少 9.81%。其中，2025Q2 实现营业收入 11.99 亿元，同比增 长 2.99%；归母净利润 0.88 亿元，同比增加 43.27%；扣非归母净利润 0.79 亿 元，同比增加 4.75%。 点评： 工业自动化业务稳健发展：2025H1，公司工业自动化业务实现营业收入 13.57 亿元，同比增长 6.69%；毛利率为 36.67%，同比减少 0.04pct。2025H1，公司 紧抓国产替代深化期机遇，通过技术攻坚、行业团队作战、生态协同升级三维发 力，实现工业自动化业务持续稳定增长。 网络能源、光伏储能及新能源汽车业务营收均同比下滑，但毛利率均有所提升： 2025H1，网络能源业务营业收入为 3.28 亿元，同比减少 13.67%；光伏储能业 务营业收入为 0 ...

Core Insights - "China Green Port" is positioned as a key hub for green energy in Hangzhou, integrating wind power equipment, energy-efficient equipment, and future industries like solid-state batteries, aiming to create a trillion-level green energy ecosystem [1][3] - The zero-carbon demonstration park, Reeling SPACE, is the first private low-carbon industrial demonstration park in Zhejiang, utilizing distributed photovoltaics, energy-saving renovations, and carbon credits to achieve a 63.2% share of green energy and a 59% reduction in carbon emissions per industrial output [1][2] - By 2024, the total output value of green energy enterprises in Linping District is projected to reach 53.182 billion yuan, with long-term goals to establish it as a new landmark for green energy in China and achieve over 100 billion yuan in industrial output by 2030 [3] Project Highlights - The Reeling SPACE project is self-funded by Hangzhou Jieneng Technology Company, designed for easy replication and scalability, with a payback period of approximately six years [2] - The project emphasizes improving energy management systems and optimizing end-use efficiency to support the green and low-carbon transformation of industries, contributing to China's dual carbon goals [2] Future Goals - The Linping District aims to lead in green energy innovation with over 16 provincial-level R&D projects and more than 15 national-level green factories by 2030, establishing a comprehensive green energy industrial ecosystem [3]

Group 1 - "China Green Port" is located in Linping District, Hangzhou, serving as a bridgehead for integration into the Yangtze River Delta, with key industries including wind power equipment and energy-efficient equipment, and a focus on future industries like solid-state batteries [1] - The construction of the "China Green Port" has led to the implementation of seven green low-carbon projects, including the VOCs waste gas treatment project by Jili Insulation Materials, and three projects selected as top ten low-carbon application scenarios in Hangzhou [1][2] - The zero-carbon demonstration park at the Cocoon SPACE industrial park is the first private low-carbon industrial demonstration park in Zhejiang, featuring a model that combines distributed photovoltaics, energy-saving renovations, and carbon credit purchases [1][2] Group 2 - The Cocoon SPACE industrial park project is funded and managed by Hangzhou Jieneng Technology Company, with a payback period of approximately six years, generating sustainable cash flow without increasing the company's burden [2] - The project utilizes commonly available technologies, making it replicable and adaptable for various industrial parks, showcasing a mixed-use model of office and production [2] - The zero-carbon industrial park is considered a minimal implementation unit for China's "3060" dual carbon goals, emphasizing the need for numerous zero-carbon parks to support the overall objectives [2] Group 3 - In 2024, the total output value of green energy enterprises in Linping District is projected to reach 53.182 billion yuan, with future goals to establish "China Green Port" as a new landmark for green energy industry in China and a new model for low-carbon applications in the Yangtze River Delta [3] - By 2030, the aim is to lead over 16 provincial-level R&D projects and establish more than 15 national-level green factories, with the green energy industrial ecosystem's output value exceeding 100 billion yuan [3]

Core Viewpoint - The 2025 Shanghai Villa Design and Technology Exhibition showcases innovative products and solutions in the field of green energy and architecture, with a focus on the aesthetic integration of photovoltaic technology in residential buildings [1][2]. Group 1: Event Overview - The Shanghai Villa Exhibition, lasting three days, features over 200 brands focusing on villa design, building materials innovation, and ecological living [1]. - Huabao New Energy, a leader in portable energy storage and green electricity solutions, presents its aesthetic curved photovoltaic tiles, which address compatibility issues on complex roof surfaces [1]. Group 2: Product Innovations - Huabao New Energy's aesthetic curved photovoltaic tiles are designed with a 150° curvature, available in two color schemes that align with new Chinese and European architectural styles, merging power generation efficiency with architectural beauty [1]. - The product has received multiple certifications, including TüV Süd, UL, and CQC, and is the first crystalline curved photovoltaic product in China to obtain an international EPD (Environmental Product Declaration) [1]. Group 3: Industry Insights - At the "Building Green Carbon: Villa Creation Future" forum, experts from various fields discuss breakthroughs in photovoltaic building integration and ecological construction [2]. - Huabao New Energy's chairman highlights the company's comprehensive product matrix, which includes portable photovoltaic products catering to different consumer needs, aiming for widespread adoption in households [2]. Group 4: Strategic Collaborations - Huabao New Energy announces a strategic partnership with the Yellow River Hydropower Company to focus on technological challenges and practical applications, promoting the large-scale use of photovoltaic tiles in high-end residential settings [3].

Group 1 - Recently, Sunshine Power and Cairi Energy signed energy storage orders in the European market, with a total scale exceeding 1.4 GWh [1] - Sunshine Power secured a 1 GWh energy storage order in collaboration with Bulgarian renewable energy developer Sunterra RE, to deploy battery storage systems at the three largest photovoltaic power plants in Bulgaria [1] - The expansion of the photovoltaic energy storage industry overseas is a significant avenue for demand growth, catalyzing a more than 1.0% increase in photovoltaic ETF funds [1] Group 2 - The photovoltaic ETF fund closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 representative listed companies from the upstream, midstream, and downstream sectors of the photovoltaic industry chain [1] - As of July 31, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) include Sunshine Power (300274), Longi Green Energy (601012), TCL Technology (000100), Tebian Electric (600089), Tongwei Co., Ltd. (600438), TCL Zhonghuan (002129), Chint Electric (601877), JA Solar Technology (002459), JinkoSolar (688223), and Trina Solar (688599), with the top ten stocks accounting for 56.16% of the total weight [1]

Group 1 - The core focus of the Hujiayuan Street in Binhai New Area is on urban construction, new energy industry, resource excavation, and rural agriculture, implementing a "specialized empowerment" growth plan to achieve multiple breakthroughs in economic work [1] - The economic development trend in Hujiayuan Street is positive, with significant growth in major economic indicators, including steady increases in industrial output value, fixed asset investment, and real estate sales, reflecting enhanced market confidence and economic resilience [2] - A series of major projects have been signed and initiated, including urban lighting and photovoltaic energy storage facilities, integrated elderly care services, and educational resource optimization, providing strong support for economic growth [3] Group 2 - The innovative "one belt three" model for asset revitalization has been implemented, successfully mobilizing approximately 800 million yuan from idle land resources and supporting the construction of various projects, thereby enhancing the quality of residential supply [6] - Future plans include a targeted approach to expand cooperation and attract more quality projects, ensuring the efficient and steady advancement of high-quality development in Hujiayuan Street [8]