来源：市场资讯 （来源：储能早知道） 提示：点点关注不迷路，每天分享储能热点。 编者按：大家中秋节快乐，今天带给大家一则阳光电源正式冲刺港股IPO的消息。近日，全球光储行业 领军企业阳光电源，正式向香港联交所递交主板上市申请，A+H双平台布局为其全球化战略再添强劲 引擎。 据港交所10月5日披露，A股光伏逆变器龙头阳光电源(300274.SZ)已正式向港交所主板提交上市申请 书，拟发行3.38亿股，募资约9.87亿港元，独家保荐人为中金公司。 这标志着总市值超3300亿元的A股光储"一哥"正式开启港股上市征程。 阳光电源成立于1997年，如今已发展成为全球领先的清洁能源科技公司。根据弗若斯特沙利文的数据， 其光伏逆变器出货量已连续十年稳坐全球第一的宝座。 01 行业霸主 提交上市申请文件显示，阳光电源在光储领域的全球市场地位十分稳固。 以2024年出货量计算，阳光电源光伏逆变器全球市占率高达25.2%。 截至2025年6月30日，公司储能系统累计出货量达70GWh，同样处于全球领先地位。 在风电领域，阳光电源2024年风电变流器出货量44GW，市场占有率提升至39%，连续两年位居全球第 一。 公司的产品及服务 ...

Core Insights - The increasing role of technological research and development (R&D) in driving economic growth is highlighted, with regional innovation being a crucial component for achieving innovation-driven development and addressing economic challenges [2] R&D Funding Overview - In 2024, total R&D funding in China reached 36,326.8 billion yuan, an increase of 2,969.7 billion yuan from the previous year, representing an 8.9% growth [2] - The R&D funding intensity, measured as a percentage of GDP, is 2.69%, up by 0.11 percentage points from the previous year [2] Regional R&D Investment - Six provinces (or municipalities) invested over 2,000 billion yuan in R&D: Guangdong (5,099.6 billion yuan), Jiangsu (4,597.5 billion yuan), Beijing (3,278.4 billion yuan), Zhejiang (2,901.4 billion yuan), Shandong (2,597.3 billion yuan), and Shanghai (2,343.7 billion yuan) [4] - Seven provinces (or municipalities) exceeded the national average R&D funding intensity: Beijing (6.58%), Shanghai (4.35%), Guangdong (3.60%), Tianjin (3.44%), Jiangsu (3.36%), Zhejiang (3.22%), and Anhui (2.76%) [2][4] Guangdong's R&D Leadership - Guangdong's R&D funding surpassed 5,000 billion yuan for the first time, maintaining its position as the top province for R&D investment for nine consecutive years [5] - The province's GDP reached 14.16 trillion yuan, accounting for 10.5% of the national economy, and it continues to lead in various economic indicators [5] Jiangsu's R&D Strength - Jiangsu ranks second in R&D funding with 4,597.5 billion yuan, supported by rich educational resources and a strong industrial base [6] Growth in R&D Funding - Twelve provinces (or municipalities) had R&D funding exceeding 1,000 billion yuan in 2024, consistent with the previous year [7] - R&D funding has increased by 179% from 2014, with the highest growth rates observed in provinces such as Hainan, Jiangxi, and Yunnan [7] Emerging Industries in Anhui - Anhui's new industries, including electric vehicles and integrated circuits, are experiencing significant growth, with electric vehicle production increasing by 94.5% to 1.684 million units [8] - The province is attracting talent and population inflow due to the rapid development of high-end manufacturing and emerging industries [8]

记者梳理发现，从最早预披露减持到宣布提前终止减持，该公司的股价接近翻番（增长93.49%）。 据最新公告信息，本次提前终止股份减持计划的原因是"避免短线交易"。这四位高管的职位均为副总裁级别以上，分别是副董事长、高级副总裁顾亦 磊，董事、高级副总裁吴家貌，副总裁邓德军和副总裁汪雷。 | 股东名称 | 职务 | 直接持有公司股份数量 (股) | 持股数量占目前公司总股本比例 | | --- | --- | --- | --- | | 顾亦磊 | 副董事长、 高级副总裁 | 700,000 | 0.0341% | | 吴家貌 | 董事、高级副总裁 | 577,500 | 0.0281% | | 邓德军 | 副总裁 | 559,551 | 0.0273% | | 汪霊 | 副总裁 | 72,800 | 0.0035% | | 合计 | | 1,909,851 | 0.0930% | 此次公司部分管理层减持股份的预披露公告最早可回溯到7月11日。根据彼时公告，上述高管可在2025年8月4日至2025年11月3日以集中竞价或大宗交易 方式减持该部分股份（占公司总股本的0.0207%）。据彼时的口径，高管减持的原因是"个 ...

此次公司部分管理层减持股份的预披露公告最早可回溯到7月11日。根据彼时公告，上述高管可在2025 年8月4日至2025年11月3日以集中竞价或大宗交易方式减持该部分股份（占公司总股本的0.0207%）。 2025.09.27 本文字数：937，阅读时长大约2分钟 作者 |第一财经 陆如意 超3000亿元市值的阳光电源（300274.SZ）今日突发一则《关于部分董事、高级管理人员股份减持计划 提前终止的公告》。主要内容是，公司的四位高管宣布提前终止减持计划，共涉及不超过424900股。 若按照公司9月26日的收盘价（157.50元/股）计算，这部分被提前终止减持的股票价值不超过6692万 元。 据最新公告信息，本次提前终止股份减持计划的原因是"避免短线交易"。这四位高管的职位均为副总裁 级别以上，分别是副董事长、高级副总裁顾亦磊，董事、高级副总裁吴家貌，副总裁邓德军和副总裁汪 雷。 | 股东名称 | 职务 | 直接持有公司股份数量(股) | 持股数量占目前公司总股本比例 | | --- | --- | --- | --- | | 顾亦磊 | 副董事长、 高级副总裁 | 700,000 | 0.0341% | | ...

记者梳理发现，从最早预披露减持到宣布提前终止减持，该公司的股价接近翻番（增长93.49%）。 | 股东名称 | 职务 | 直接持有公司股份数量(股) | 持股数量占目前公司总股本比例 | | --- | --- | --- | --- | | 顾亦磊 | 副董事长, 高级副总裁 | 700,000 | 0.0341% | | 吴家貌 | 董事、高级副总裁 | 577,500 | 0.0281% | | 邓德军 | 副总裁 | 559,551 | 0.0273% | | 汪雷 | 副总裁 | 72,800 | 0.0035% | | 合计 | | 1,909,851 | 0.0930% | 此次公司部分管理层减持股份的预披露公告最早可回溯到7月11日。根据彼时公告，上述高管可在2025年8月4日至2025年11月3日以集中竞价或大宗交易 方式减持该部分股份（占公司总股本的0.0207%）。据彼时的口径，高管减持的原因是"个人资金需求"。 在发布减持公告之前的很长一段时间内（以2024年7月11日至2025年7月11日来看），阳光电源的收盘价在61元/股至76.16元/股区间波动。截至7月11日收 盘，该公司股价 ...

Core Viewpoint - The article highlights the significant rise in the market value of Sungrow Power Supply Co., Ltd. (阳光电源), which reached 331.4 billion yuan, making it the leading company in the A-share photovoltaic storage sector, with a notable increase of over 100 billion yuan in just one month [3][4]. Financial Performance - As of September 25, 2023, Sungrow's stock price closed at 159.84 yuan per share, marking a new high since its listing in 2011 [3]. - In the first half of the year, Sungrow achieved a revenue of 43.533 billion yuan, representing a year-on-year growth of 40.34%, and a net profit of 7.735 billion yuan, up 55.97% year-on-year [4]. Market Position - Sungrow is the top player in the global energy storage system market, leading in shipment volumes, alongside Tesla and BYD [5]. - The company's market capitalization surpasses the combined market values of its closest competitors, Longi Green Energy and Lead Intelligent Equipment [4]. Growth Prospects - The management of Sungrow is optimistic about the future growth of the energy storage market, projecting a conservative compound annual growth rate (CAGR) of 20% and an optimistic CAGR of 30% over the next few years [5]. - The company has established a new division focused on Artificial Intelligence Data Center (AIDC) power solutions, which is expected to open new growth avenues [6]. Risks and Challenges - Despite strong performance, there are potential risks related to accounts receivable turnover, declining gross margins, and the long repayment cycles associated with new energy project investments [5]. - The company has experienced significant stock price volatility in the past, with a dramatic increase followed by a decline due to high expectations and performance issues [6].

Core Viewpoint - The company, Sunshine Power, has shown strong fundamentals in the first half of the year, with significant growth in market capitalization and revenue, particularly in the energy storage sector [1][2]. Group 1: Market Performance - As of September 25, Sunshine Power's stock price reached 159.84 CNY per share, with a total market capitalization of 331.4 billion CNY, marking a new high since its listing in 2011 [1]. - On August 25, the company's market capitalization was 212.7 billion CNY, making it the only company in the photovoltaic index to exceed 200 billion CNY at that time, with a market value increase of over 100 billion CNY in just one month [1][2]. - Sunshine Power's market capitalization surpasses the combined total of the second and third-ranked companies in the photovoltaic index [2]. Group 2: Financial Performance - In the first half of the year, Sunshine Power achieved operating revenue of 43.533 billion CNY, representing a year-on-year growth of 40.34% [2]. - The net profit attributable to shareholders was 7.735 billion CNY, reflecting a year-on-year increase of 55.97% [2]. - The company's energy storage systems are its primary source of revenue and the most profitable segment, leading in global shipment volumes for energy storage products [2]. Group 3: Market Outlook and Expansion - The management is optimistic about the growth potential in the energy storage market, estimating a conservative compound annual growth rate of 20% and an optimistic estimate of 30% over the next few years [3]. - Sunshine Power has announced plans to enter the Artificial Intelligence Data Center (AIDC) power supply sector, which is seen as a new growth opportunity [3]. - The AIDC business aims to provide power solutions for high-performance computing centers, with a dedicated division established to expedite product development [3]. Group 4: Historical Context - Despite its current market success, Sunshine Power has experienced significant volatility, with a stock price increase of over 20 times from October 2018 to October 2021, followed by a substantial decline due to high expectations and performance issues [4].

Group 1 - The core viewpoint of the report indicates that 2024-2025 may represent a bottoming period for profitability in the solar energy storage industry, with performance differentiation among companies signaling potential investment opportunities [1] - The demand for solar energy installations globally is driven by grid parity and energy transition, while the supply side is experiencing losses from old capacities and delays in new projects due to intense competition [1] - The report highlights that each round of demand-driven production increases serves as a critical validation point for the evolution of the industry cycle, with inverters leading the recovery due to higher competitive barriers [1] Group 2 - In August 2025, China's total export value of solar cell modules reached $2.921 billion, a year-on-year increase of 19.8% and a month-on-month increase of 31.4%, with an estimated export volume of 40.42 GW [1] - The export of solar battery modules to Europe in August was 11.61 GW, showing a year-on-year increase of 39.41% and a month-on-month increase of 23.84%, marking two consecutive months of positive growth [1] - Emerging markets are flourishing, with exports of battery modules outside Europe reaching 28.81 GW, a year-on-year increase of 67.77% and a month-on-month increase of 36.54% [1] Group 3 - In August 2025, the total export value of inverters from China was $878 million, with a year-on-year increase of 1.93% but a month-on-month decrease of 3.63% [2] - The export scale of inverters reached 3.8461 million units in August, reflecting a year-on-year decrease of 27.26% and a month-on-month decrease of 16.39% [2] - The report notes that while overseas distribution channels are adjusting, high-priced household and commercial energy storage products remain in demand, particularly in provinces like Zhejiang and Jiangsu [2]

来源：环球网 【环球网双碳与ESG 沈应时】2025年3月，世界气象组织发布题为《2024年全球气候状况》的报告，指 出人类活动导致的气候变化达到新高度，部分后果在数百年甚至数千年内不可逆转。报告记录了温室气 体浓度、温度、海洋热含量等指标变化，并强调极端天气对全球经济和社会的巨大冲击。 在2025年服贸会第四届气象经济主题论坛（以下简称"论坛"）上，世界气象组织主席顾问、世界气象组 织前助理秘书长张文建在视频致辞中表示，"2024年已成为有记录以来最热年份，多项气候关键指标持 续预警。"并强调，能源部门占全球温室气体排放量的四分之三，必须将气候行动作为优先事项，通过 加大可再生能源投资、强化气候服务支撑，共同提升能源系统应对极端天气能力。 "十四五"以来，我国新能源能源装机快速增长。然而，伴随极端天气频发、强度屡超预期，蓬勃发展的 新能源产业不得不直面因气候变化带来的挑战。如何保障新能源在极端气候条件下的安全稳定运行？论 坛期间，环球网专访阳光电源光储集团北京公司解决方案总经理张敏。 构建更有韧性的气候适应型风光电力系统势在必行 电网支撑方面，2024年，阳光电源"干细胞构网技术"获得风光储全场景构网实证报 ...

9月20日下午，徽商引领高端制造业发展对接会在合肥举办。作为2025世界制造业大会重要组成部分， 本次对接会发布了《徽商发展报告2025》（下称《报告》），这是连续第7次发布徽商研究的专题报 告。 在徽商人物方面，徽商比亚迪董事长王传福、联想集团董事长杨元庆、美的集团（000333）董事长方洪 波等51人入选2024年福布斯中国最佳CEO榜单。《中国企业家》杂志发布的2024年度"25位影响力企业 领袖"名单中，奇瑞控股集团董事长尹同跃、蔚来创始人、董事长、CEO李斌等7人入选其中，体现出较 强的企业家精神与行业影响力。 在徽商企业方面，安徽辖区上市企业186家，数量居全国第七；比亚迪（002594）、联想、美的、奇 瑞、铜陵有色（000630）等多家徽商企业跻身204年《财富》世界500强和中国企业500强。 值得一提的是，大会还发布了《徽商回归年度报告（2025）》，这是首次发布徽商回归年度报告。数据 显示，2024年安徽亿元以上在建徽商回归项目777个，实际到位资金超1300亿元，同比增长15.1%。 在徽商制造方面，2024年安徽汽车产量达357辆，其中新能源汽车产量达168.4万辆，居全国第二；根据 ...