摘要：全固态电池技术推动新能源材料革命，2026–2030年全球设备市场年复合增长率近80%。检测设备因技术壁垒高、定制化强，成为产业链布局重 点，贯穿材料、电芯到产线全生命周期，支撑工艺定义与安全验证。 随着全固态电池技术从实验室走向中试乃至量产，新能源产业正迎来一场深刻的材料革命。华泰证券最新研报预测，2026年至2030年，全球全固态电池设 备市场空间将从28亿元飙升至277亿元，年复合增长率接近80%。而相较于传统的卷绕、涂布设备，检测设备环节正因其技术壁垒高、定制化属性强，成 为产业链上下游争相布局的"必争之地"。 工艺变革倒逼检测升级：从"可选"到"必选" 与传统液态电池相比，全固态电池的"干-胶-叠-压-压"五大工艺变革，对检测设备提出了颠覆性的新要求。 在液态电池时代，检测的核心在于电化学性能的筛选。而在固态电池时代，"固-固界面"接触问题是影响电池性能和安全的"生死门"。由于固态电解质不 具备液态电解液的浸润性，电极与电解质层之间的物理接触一旦失效，将直接导致离子传输中断。 这种物理特性的改变，直接体现在了化成工艺上。固态电池在高压化成环节需要60-80吨的压力环境（液态电池仅需3-10吨） ...

Group 1: Haitong Development - Haitong Development achieved a revenue of 1.8 billion in the first half of 2025, representing a year-on-year growth of 6.74%, but the net profit attributable to shareholders declined by 64% to 87 million, primarily due to a decrease in market freight rates and ship repair impacts [1] - The company plans to expand its fleet to 100 vessels by 2028-2029, adding approximately 15 vessels annually, covering various ship types [1] - Haitong Development maintains an optimistic outlook for the dry bulk market in the second half of the year and the coming years, supported by favorable supply and demand factors [1] Group 2: Xingyun Co., Ltd. - Xingyun Co., Ltd. focused on improving operational quality and enhancing its core business, resulting in a continuous improvement in gross profit margin and a reduction in expenses in the first half of 2025 [2] - The company completed a private placement of shares to introduce new investors to support future development, benefiting from the overall positive growth in the lithium battery industry [2] - Xingyun is actively expanding into European and Southeast Asian markets, collaborating with major automotive manufacturers, testing companies, and energy storage and charging operation clients [2]

Core Viewpoint - The company has indicated that its equipment can support the testing of solid-state and semi-solid-state batteries, but the technological breakthroughs and practical applications of these batteries are still in the early stages, which minimally impacts the revenue scale from the company's battery testing and formation equipment [1] Group 1 - The company's equipment is capable of supporting the detection of both solid-state and semi-solid-state batteries [1] - The current technological advancements and practical applications of semi-solid and solid-state batteries are at an early stage [1] - The impact on the company's revenue from battery testing and formation equipment is currently very small due to the early stage of these technologies [1]