Group 1: Photovoltaic Silicon Material Industry - The photovoltaic silicon material industry is expected to accelerate capacity consolidation, with the Ministry of Industry and Information Technology emphasizing the need for high-quality development in the solar industry [1] - By 2027, the industry is projected to enter a stable development phase, with significant advantages in the silicon material segment due to differences in capacity costs and financial strength among companies [1] - Key companies to watch include GCL-Poly Energy, Xinte Energy, Tongwei Co., and TBEA [1] Group 2: Solid-State Battery Industry - The solid-state battery industry is witnessing continuous advancements, with equipment from Winbond Technology successfully delivered to major domestic clients [2] - Material production is ramping up, with significant capacity in oxide electrolytes and expectations for sulfide electrolytes to achieve ton-level shipments by 2025 [2] - Companies of interest in this sector include Xiamen Tungsten, Tianqi Lithium, and others involved in the solid-state battery supply chain [2] Group 3: Offshore Wind Power Development - The central government is promoting the orderly development of offshore wind power, with a focus on enhancing the marine economy and encouraging private investment [3] - Goldwind Technology has secured over 7.7GW of international orders for 2024, with significant revenue growth reported for its international subsidiary [3] - Key players in the wind power sector include Goldwind Technology, Oriental Cable, and Dajin Heavy Industry [3] Group 4: Data Center Investment - Global data center investments are accelerating, with Amazon planning to invest AUD 20 billion (approximately USD 13.1 billion) in Australia and SK Telecom collaborating with Amazon Web Services for a significant data center project in South Korea [4] - The deployment of NVIDIA's GB300 AI systems is underway, indicating a growing demand for AI computing resources [4] - Companies to monitor in the AIDC power equipment sector include Jinpan Technology, Xinte Electric, and others [4] Group 5: Key Company Earnings Forecasts - The report provides earnings forecasts and investment ratings for several companies, with Goldwind Technology rated "Outperform" and projected to have an EPS of 1.28 in 2025 [5] - Jinpan Technology and other companies also received "Outperform" ratings, indicating positive market sentiment [5] Group 6: Industry Performance Overview - The electric power equipment sector outperformed the market in June, with a 6.68% increase compared to a 2.5% rise in the CSI 300 index [13] - The sector's PE ratio at the end of June was 30.3, reflecting a slight recovery in valuations [13] - The report highlights that the electric power equipment industry has shown strong performance across various sub-sectors, including lithium battery materials and wind power [23]

2025 年 07 月 10 日 开源晨会 0710 晨会纪要 ——晨会纪要 晨 会 纪 -16% 0% 16% 32% 48% 64% 2024-07 2024-11 2025-03 沪深300 创业板指 数据来源：聚源 昨日涨跌幅前五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 传媒 | 1.347 | | 农林牧渔 | 0.654 | | 商贸零售 | 0.480 | | 医药生物 | 0.430 | | 社会服务 | 0.424 | | 数据来源：聚源 | | 昨日涨跌幅后五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 有色金属 | -2.261 | | 基础化工 | -0.854 | | 电子 | -0.819 | | 国防军工 | -0.731 | | 家用电器 | -0.636 | | 数据来源：聚源 | | 吴梦迪（分析师） wumengdi@kysec.cn 证书编号：S0790521070001 观点精粹 总量视角 【宏观经济】PPI 同比或已见底——宏观经济点评-20250709 事件：6 月 CPI 同比+0.1%，预期 0%，前 ...

趋势方向 54.84分综合得分 较强 金博股份688598 时间: 2025年7月9日星期三 元 主力成本分析 25.15 元 当日主力成本 25.10 元 5日主力成本 24.22 20日主力成本 24.83 元 60日主力成本 周期内涨跌停 过去一年内该股 涨停 0次 24.63 短期支撑位 25.62 中期压力位 次 北向资金数据 持股量265.61万股 占流通比1.29% 昨日净买入-42.16万股 昨日增仓比-0.206% 5日增仓比-0.32% 20日增仓比-0.681% 跌停 0 技术面分析 25.62 短期压力位 22.62 中期支撑位 目前短线趋势不慎明朗，静待主力资金选择方向； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 暂无特殊形态 资金流数据 2025年07月09日的资金流向数据方面 主力资金净流出1090.81万元 占总成交额-11% 超大单净流出334.62万元 大单净流出756.20万元 散户资金净流入5.36万 关联行业/概念板块 光伏设备 -0.14%、固态电池 -0.94%、锂电池 -0.60%、新材料 -0.86%等 （以上内容为自选股写手差分机完成，仅作为用户 ...

【导读】尾盘突然跳水，3500点得而复失 中国基金报记者 泰勒 兄弟姐妹们啊， 一起看看今天发生了什么事情。 7月9日，市场尾盘跳水，三大指数涨跌互现，沪指3500点得而复失。截至 收盘沪指跌0.13%，深成指跌0.06%，创业板指涨 0.16%。 两市共1856只个股上涨，61只个股涨停，3327只个股下跌。 | 880005 涨跌家 到 | | | --- | --- | | 其中 涨停 | 61 | | 涨幅 > 7% | 87 | | 涨幅 5-7% | 63 | | 涨幅 3-5% | 132 | | 涨幅 0-3% | 1574 | | 跌幅 0-3% | 3120 | | 跌幅 3-5% | 173 | | 跌幅 5-7% | 24 | | 跌幅 > 7% | 10 | | 其中 跌停 | 6 | | 上涨家数 | 1856 | | 下跌家数 | 3327 | | 平盘停牌 | 236 | | 总品种数 | 5419 | | 总成交额 | 15274.20亿 | | 总成交量 | 123707.8 / | | 涨家增减 | -854 | | 涨家增幅 | -31.51% | | 指数量比 | 1 ...

午评：沪指半日涨0.29%站上3500点 大金融股集体走强 智通财经7月9日电，市场早盘延续升势，三大指数小幅上涨，沪指站上3500点。沪深两市半日成交额 9553亿，较上个交易日放量823亿。盘面上热点较为杂乱，个股跌多涨少，全市场超3000只个股下跌。 从板块来看，大金融股震荡走强，工商银行等再创历史新高，南华期货等涨停。短剧概念股表现活跃， 欢瑞世纪涨停。水泥、电力等周期股一度冲高，福建水泥涨停。下跌方面，固态电池概念股展开调整， 宝明科技接近跌停。板块方面，多元金融、托育服务、短剧游戏、银行等板块涨幅居前，有机硅、存储 芯片、稀土永磁、固态电池等板块跌幅居前。截至收盘，沪指涨0.29%，深成指涨0.36%，创业板指涨 0.8%。 ...

摘要 全固态电池行业正从研发转向产线建设，重点是车规级电芯产线，多家 企业预计年底完成中试产线建设，并启动吉瓦时级别产线，部分企业选 择改造现有产线以保留原有设备。 当前全固态电池大规模放量的核心瓶颈是成本问题，技术上虽有突破， 但经济可行性仍需提升，同时能量密度、续航能力及循环寿命等性能指 标需进一步提高以超越液态电池。 海外企业如三星、丰田等在全固态电池技术和产业链布局方面具有先发 优势，尤其在原材料和专利布局上，但国内企业在设备制造领域，如干 法制备和等静压机等方面进展迅速。 国内厂商已成为全球全固态电池设备领域的重要领导者，尤其在干法制 备工艺及等静压机制造领域取得突破，拥有完备的锂离子电池生产设备 产业链。 固态电池未来发展的关键在于提升能量密度、续航能力及循环寿命，降 低生产成本，并加强国际合作与专利布局，加速新材料、新工艺研发。 Q&A 当前固态电池的产业化进展如何？预计何时能够实现大规模产业化？ 目前，固态电池的产业化主要集中在原材料供应和产线建设两个方面。上半年 （2025 年）及去年（2024 年），行业重点关注的是硫化锂和氧化物电解质表 面的改性等原材料供应问题。从今年下半年至明年上半年 ...

铜箔板块更新和标的推荐 20250708 摘要 受益于电动重卡、商用车、储能及欧洲新能源车需求回暖，产业链排产 环比增长验证终端需求。美国《大而美法案》细则或致 2025 年下半年 出现抢装，主链贝塔修复可期，关注中报业绩较强的电池、材料及零部 件公司。 固态电池领域，下半年催化因素多，关注干法电极设备商如宏工纳克， 以及联赢激光等。材料环节关注硫化锂和集流体方向，如天赐材料、华 盛锂电在硫化锂降本量产上的进展。 AI 和固态双轮驱动铜箔板块，高端铜箔受益于 AI 需求拉动，高端 PCB 景气度超预期。AI 服务器及交换机升级推动铜箔产品升级，对铜箔的表 面光滑度提出更高要求，看好 AI 高端铜箔国产化率提升。 德福收购卢森堡电子路铜箔有限公司 CFL，增强其在高端电子路用铜领 域竞争力，CFL 拥有 1.68 万吨电子路用铜箔产能，其中 RTF 和 HVLP 铜占比七八成，还有 700 万平载体铜产能，有望推动其在全球市场份额 提升。 Q&A 今年下半年锂电板块的整体策略是什么？ 当前我们非常看好锂电板块的贝塔加阿尔法机会。从贝塔来看，此前受到国补 退坡和 136 号文取消新能源强配的影响，市场对三季度国内 ...

Group 1: Chemical Industry Overview - The construction project growth rate in the basic chemical sector has turned negative, indicating a potential turning point for the industry [1] - The fixed asset growth rate is a leading indicator for supply growth, and the current negative trend in construction projects suggests that the chemical sector is approaching a new upward cycle [1][10] - The overall chemical sector requires multiple factors to resonate for the next upward cycle to begin, with oil prices being a key pricing anchor for most chemical products [1] Group 2: AI for Science (AI4S) in Chemical R&D - AI for Science represents a new paradigm in materials science research, with the potential to grow into a trillion-dollar market, significantly enhancing research efficiency through literature learning, AI model calculations, and automated laboratories [2] - The application of AI4S in the pharmaceutical sector is accelerating, with successful models for drug discovery and solid-state research being established [2] - China is positioned to lead in the AI4S market due to its comprehensive chemical manufacturing industry and supply chain, with key companies like 泰控股 and 志特新材 emerging as leaders [2][46] Group 3: Investment Opportunities in New Industries - The AI hardware sector, particularly in light connections, power supplies, and liquid cooling, presents significant investment opportunities, with companies like 东阳光 recommended for attention [3] - The solid-state battery market is expected to undergo transformation driven by demand from emerging sectors, with large-scale commercialization anticipated from 2026 onwards [3] - The robotics sector, particularly with tendon-driven systems, is gaining traction, with significant market potential as the technology matures [3][50] Group 4: Supply and Demand Dynamics - The supply side of the chemical industry is currently in a downward trend, with construction project growth rates at historically low levels [9][10] - Demand for chemical products has been affected by various external factors, including trade tensions and geopolitical events, but the overall demand is stabilizing as tariff disturbances recede [13] - The global chemical product sales accounted for 45% of the total market, indicating a strong position in the global supply chain [13] Group 5: Oil Market Impact - The oil market is facing increasing supply pressures, with predictions of excess supply in 2025, leading to a potential decline in oil prices [17][20] - Geopolitical tensions, particularly in the Middle East, continue to create uncertainty in oil prices, which directly impacts the profitability of the chemical sector [28][32] - The OPEC+ group is expected to increase production, further exacerbating the supply-demand imbalance in the oil market [25]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 2）风电：风电整机价格趋于稳定，但也会受益于"防内卷"政策；且风电整机环节业绩弹性较大，机组大型化 及零部件降本将推动整机环节26年盈利持续改善。136号文重塑新能源装机逻辑，因风电出力曲线较优，风电 开发及电站销售有望回暖。短期内风电招标及2季度业绩或将承压，我们认为市场已逐步消化以上问题，后续 相关指标改善的预期正逐步形成。 报告摘要 发布日期： 2025-07-06 整体观点： 免责声明 1、6月29日，人民日报发文评论光伏、储能、新能源车三大行业陷入"内卷式竞争"；7月1日，中央财经委员会 第六次会议中强调：依法依规治理企业低价无序竞争，推动落后产能有序退出；7月3日，工信部与光伏行业产 业链负责人进行了座谈。从政策密度看，"防 ...

摘要 国内人形机器人产业持续推进，均普智能与智能制造公司签订 2,800 万 人民币订单，麦迪科技与上海机器人产业研究院战略合作，赵威机电发 布两款新灵巧手，表明国内厂商在不断优化和提升机器人性能。 传感器、灵巧手等垂直应用领域在具身智能方面取得进展，17 个自由度 灵巧手京东售价达 12.8 万元，表明产品可与各种形态产品结合，实现 具身智能，建议关注奥比中光、永创智能等标的。 固态电池行业关注工信部中期验收后的补贴或新项目，设备需求需提前 两三年准备。仙岛固态电池订单大幅增加，单个 G 瓦价值量从液态电池 1-1.5 亿增长至约 5 亿，毛利率超 50%，主要客户为欧美日韩头部企业。 固态电池战略储备方面，国内宁德时代和国轩高科积极，海外客户更重 视战略选择。设备端前道设备逐步淘汰，后道设备需求增加，化成分容 环节压力提升，设备价值量增加 50%，量产阶段价值量预计为液态电池 的 2.5 倍。 Q&A 人形机器人关注传感器等结构性机会，机械出口链有望边 际改善 20250706 特斯拉近期对人形机器人技术细节的调整对国内供应链有何影响？ 特斯拉近期对人形机器人技术细节的调整，可能会影响国内供应链上的订单。 ...