新周期 新技术 新生态！ 12月19日， 由起点锂电、起点储能、起点研究院SPIR主办的 2025起点用户侧储能及电池技术论坛 （ 同期： 2025 （第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼&起点研究十周年庆典）在深圳市维纳斯皇家酒店正式举办！现场 800+嘉宾参会，聚焦工 商业储能、便携式储能、户用储能、AIDC储能电池等核心议题，前瞻解析技术突破、破题安全挑战与价值链重构。 在下午的 工商储及电池技术专场 ， 弘正储能 广东公司营销总监 王睛武 发表了以《 工商业储能在华南地区的应用趋势 》为主题的演讲！ 图： 弘正储能 广东公司营销总监 王睛武 以下为现场速记内容： 在座的各位领导，各位嘉宾，各位行业同仁们 ！ 大家下午好！ 我是来自弘正储能的王睛武，很荣幸在这里和行业精英一同探讨工商业储能在华南地区的应用趋势。 说起趋势，核心的驱动力有两点，一方面是市场，另一方面是政策。政策方面，国家今年 136 号文件，宣告了新能源全面市场化定价时代的到 来。也意味着，原来单一的套利模式、单一盈利模式已经终结。以前的收益，现在来看确定性没有那么高。与此同时， 1192 号文件，也把储 能配置的必要性进一步提高 ...

A股又一上市公司拟更换实控人！ 12月15日晚，琏升科技（300051.SZ）披露公告称，公司控股股东海南琏升科技有限公司（以下简称"海南琏升"）股东海南星煜宸科技有限公司（以下简 称"星煜宸"）、四川天府新鸿兴科技有限公司（以下简称"新鸿兴科技"）、福建水华星辰企业管理咨询中心（有限合伙）（以下简称"水华星辰"）与四川 巨星企业集团有限公司（以下简称"四川巨星"）签署了《关于海南琏升科技有限公司之股权转让协议》，对海南琏升股权结构进行调整。 同时，万久根与海南琏升签署《解约协议》，约定提前解除其与海南琏升之间签署的《表决权委托协议》。 琏升科技在公告中指出，"上述股权转让同时，为支持上市公司持续发展并巩固实际控制人地位，公司拟向海南琏升定向发行A股股票。" 12月16日，时代财经就股权转让一事联系琏升科技并提交采访问题。 琏升科技相关人士对时代财经表示，"王新先生基于对上市公司所处行业、内在价值及发展前景的高度认可，拟通过本次权益变动取得上市公司的控制权 并巩固控股股东、实际控制人地位。本次权益变动完成后，王新将充分利用其在实业经营、产业投资、资源整合等方面的优势，专注为上市公司业务发展 赋能，提高上市公司 ...

Core Insights - The 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Qidian Research 10th Anniversary Celebration will be held on December 18-19 in Shenzhen, focusing on over 35 hot topics in lithium batteries and energy storage [2] - The event will feature five specialized sessions discussing core issues such as lithium battery technology, materials, equipment, commercial energy storage, portable storage, and household storage [2] Event Sponsorship and Participation - Bluejing New Energy (Jiaxing) Co., Ltd. will be the exclusive sponsor for the photo wall at this year's conference, highlighting its support for the event [3] - Industry professionals are encouraged to register for participation and on-site networking [3] Company Overview - Bluejing New Energy was established in 2021 and is located in Jiaxing, Zhejiang Province, recognized as a national high-tech enterprise [5] - The company focuses on the development, production, and sales of "non-flammable, fast-charging, and high investment efficiency" full-tab cylindrical power and energy storage batteries, targeting applications in automotive power, various energy storage solutions, and emerging scenarios like low-altitude flying vehicles and intelligent robots [5] Keynote Speakers - Notable speakers at the conference include: - Ma Jinpeng, President of New Energy Storage Business for China, who will deliver a keynote speech [7] - Liu Shilei, Director of Yiwei Lithium Energy, who will also present [7] - Dr. Guo Chuntai, Chairman of Bluejing New Energy, confirmed to attend and give a speech [7] - Other industry leaders from companies like Haicheng Energy, Guoxuan High-Tech, and more will also present on various topics related to lithium battery technology and energy storage [7]

Core Viewpoint - Greebo (301260.SZ) demonstrates a strong commitment to investor relations and long-term sustainable development through active engagement on the Interactive Easy platform, addressing key concerns regarding performance, robotics product progress, and strategic layout [1] Group 1: Financial Performance - The company reported pressure on its performance in the first three quarters, primarily due to increased sales and R&D expenses, which are expected to enhance long-term competitiveness and gradually release benefits in the future [1] - Sales expenses have increased due to the expansion of digital marketing channels, enhancement of overseas warehousing and logistics capabilities, and deepening cooperation with core customers to build brand value [1] - R&D expenses have risen as the company focuses on a strategic layout around "robotics + artificial intelligence," driven by increased salaries for R&D personnel [1] Group 2: Product Development and Innovation - The company is advancing its transformation towards embodied intelligence and robotics, with products under development including smart lawn mowers and autonomous commercial lawn mowers, supported by strong technical capabilities in core technologies such as autonomous navigation and environmental perception [2] - The smart lawn mower integrates RTK centimeter-level satellite positioning, visual navigation, and millimeter-wave radar, enabling high-precision path planning and real-time obstacle recognition, which will contribute to revenue growth [2] - The commercial robotics sector has seen the completion of prototype development for autonomous products, with a cleaning robot project in collaboration with Zhejiang Zhiding entering pre-mass production testing [2] Group 3: Strategic Partnerships and Market Expansion - The company recently announced a significant order from a leading U.S. home improvement retail chain for lithium battery outdoor power equipment, with approximately $60 million in product orders to be completed by the end of January 2026, marking a substantial market expansion [1] - The ongoing expansion of overseas channels and the synergy with intelligent and unmanned technologies lay a solid foundation for business growth [1] Group 4: Long-term Vision and Management Confidence - The company has shown a clear long-term development trajectory and performance growth logic amidst short-term pressures, with management's confidence reflected in the announcement of share purchases totaling no less than 11.5 million yuan by the controlling shareholder and some directors and executives within six months [3]

Core Viewpoint - Huabao New Energy is positioned as a global leader in portable energy storage and is expected to become a supplier of household green energy solutions in the future [1] Company Overview - Established in 2011, Huabao New Energy focuses on consumer-grade green energy solutions, covering areas such as portable energy storage, balcony solar storage, and mobile home storage [1] - As of the first half of 2025, the company's business has expanded to over 50 mainstream countries and regions worldwide [1] Financial Performance - From 2014 to 2024, the company's revenue and net profit attributable to shareholders are projected to have a compound annual growth rate (CAGR) of 38.9% and 47.3%, respectively [1] Growth Potential - The introduction of new categories such as mobile home storage and balcony solar storage is expected to initiate a second growth curve for the company [1] - With the growth of market size and continuous product iteration and channel expansion, the portable energy storage business is anticipated to maintain steady development [1] Competitive Positioning - Huabao New Energy is compared with peers such as Deye Co., Ltd., Jinlang Technology, and Goodwe, reinforcing its status as a global leader in portable energy storage [1] - The company's solid foundation in portable energy storage and the rapid potential for new product categories are expected to enhance profitability and sustain long-term growth [1] Investment Rating - The initial coverage of Huabao New Energy has been rated as "Buy" [1]

Core Viewpoint - The report from Changjiang Securities highlights the significant electricity issues in Europe and the US, indicating strong growth momentum for Anker Innovations in the energy storage sector [1] Industry Summary - Electricity costs in Europe and the US are high, with notable price volatility and insufficient stability in supply, which presents ongoing growth opportunities in the energy storage market [1] - The portable energy storage and household storage sectors are expected to see a compound annual growth rate (CAGR) of over 20% in the long term, with particularly favorable conditions for balcony solar storage and household storage in Australia [1] Company Summary - As a pioneer in balcony solar storage, the company is positioned to continuously benefit from the industry's robust growth, supported by its strong product competitiveness [1] - The company's market share in portable energy storage and household storage is expected to remain stable or increase, with projected net profits attributable to shareholders of 2.657 billion, 3.198 billion, and 3.895 billion yuan for the years 2025, 2026, and 2027, respectively [1] - Corresponding price-to-earnings (PE) ratios are forecasted to be 20.80, 17.29, and 14.19 times for the same years, maintaining a "buy" rating for the stock [1]

Core Insights - The high electricity costs and instability in Europe and the US are driving demand for energy storage products, with the company positioned to benefit from this trend [1][5] - The company has diversified its energy storage product matrix, including home backup, mobile storage, outdoor camping, balcony solar storage, and household storage series [1] - The company is expected to achieve significant revenue growth in its energy storage business, with projected revenue of 3.02 billion yuan in 2024, representing a year-on-year increase of 184% [1] Energy Storage Market Trends - Portable energy storage products are expanding from outdoor use to emergency scenarios and home backup needs, with global sales expected to reach 9.2 million units and revenue of 3.8 billion USD in 2024 [2] - The compound annual growth rate (CAGR) for portable energy storage products is projected at 17.3% for sales and 20.6% for revenue from 2024 to 2029 [2] - Key players in the market include Zhenghao, Huabao, and Anker, with market shares of 26%, 12%, and 12% respectively in 2024 [2] Balcony Solar Storage - Balcony solar storage offers economic advantages over traditional home storage, including cost savings and ease of use, supported by policies like Germany's "Solarpaket1" [3] - In 2024, approximately 222,000 balcony solar storage units are expected to be installed in Germany, a 97% increase year-on-year [3] - The company holds a significant market share in Germany for balcony solar storage, with estimated shares of 75% in 2023 and 55% in 2024 [3] Regional Market Dynamics - The US and European markets are experiencing short-term disruptions due to policy changes, while the Australian market is thriving under the "Cheap Home Batteries" subsidy plan [4] - In July, Australia's solar battery installations reached nearly a quarter of the total expected for 2024 [4] - The company’s Anker Solix X1 product is noted for its superior features compared to competitors like Tesla Powerwall 3 [4] Investment Outlook - The energy storage sector is expected to continue growing, with both portable and household storage industries projected to have long-term compound growth rates exceeding 20% [5] - The company, as a pioneer in balcony solar storage, is well-positioned to benefit from industry growth, with projected net profits of 2.657 billion, 3.198 billion, and 3.895 billion yuan from 2025 to 2027 [5]

Core Viewpoint - Greebo (301260) is actively engaged in the energy storage sector, focusing on portable, mobile, and commercial energy storage solutions, with a commitment to advancing inverter technology towards intelligence and high reliability [1] Group 1: Business Segments - The company currently operates three main business segments in energy storage: portable energy storage, mobile energy storage, and commercial energy storage [1] - In the portable and mobile energy storage segments, the inverters used are at the forefront of the industry [1] Group 2: Future Outlook - The company plans to continue its investment in cutting-edge fields, emphasizing technological iteration and talent acquisition to maintain its leading position in the market [1]

Core Insights - The company is actively engaged in three main areas of energy storage: portable storage, mobile storage, and commercial/industrial storage [1] - The inverters used in the portable and mobile storage segments are at the forefront of the industry, indicating a strong technological position [1] - Future developments in inverter technology are expected to focus on intelligence and high reliability, with the company committed to continuous innovation and talent development to maintain its leading position [1] Summary by Categories Energy Storage Projects - The company has established a presence in portable storage, mobile storage, and commercial/industrial storage [1] - The current inverter technology used in portable and mobile storage is considered industry-leading [1] Technological Advancements - The company plans to advance inverter technology towards smarter and more reliable solutions [1] - There is a commitment to ongoing technological iteration and talent acquisition to strengthen the company's competitive edge [1]

Group 1: New Energy Vehicles - The overall holding in the new energy vehicle sector increased, with upstream lithium mines, midstream, core components, and new technologies rising, while holdings in complete vehicles and charging piles decreased [2][3] - The holding proportion of the new energy vehicle sector in Q3 2025 is 5.28%, up 1.13 percentage points from the previous quarter [2][3] - Upstream lithium mine holdings rose by 1.24 percentage points to 2.86% in Q3 2025; midstream holdings increased by 0.69 percentage points to 8.92% [2][3] Group 2: Renewable Energy - The photovoltaic sector's holding proportion in Q3 2025 increased to 4.18%, up 1.43 percentage points from the previous quarter [3] - In the photovoltaic sector, silicon materials, silicon wafers, components, and inverters saw a decline in holdings, while battery holdings increased [3] - The wind power sector's holding proportion rose to 3.46%, with increases in the complete machine, tower & sea pile, and submarine cable segments [3] Group 3: Nuclear Power - The nuclear power sector's holding proportion decreased to 0.73%, down 0.05 percentage points from the previous quarter [4] Group 4: Industrial Control & Power Equipment - The overall holding in the industrial control and power electronics sector in Q3 2025 is 6.21%, up 1.06 percentage points from the previous quarter [6] - The power equipment sector's holding proportion increased to 1.81%, up 0.33 percentage points from the previous quarter [6] Group 5: Energy Storage - The overall holding in the energy storage sector decreased to 5.60%, down 2.20 percentage points from the previous quarter [6] - Energy storage batteries saw an increase in holdings by 2.04 percentage points to 7.97% in Q3 2025, while PCS holdings decreased slightly [6]