9月3日，储能概念盘中逆势走强，上能电气、阳光电源涨超10%，派能科技、锦浪科技、南都电源、昱能科技等跟涨。 【板块涨停个股】 通润装备（维权）(002150)，涨停价：14.4元/股，市盈率：26.88，总市值：52.31亿。 9月3日，A股市场整体呈现调整态势，主要指数多数收跌，但储能板块却展现出较强的抗跌性，呈现逆势分化格局。截 至发稿，通润装备涨停，总市值达52.31亿元；上能电气、阳光电源涨超10%，派能科技、锦浪科技、南都电源、昱能 科技等跟涨。 作为国内钣金制品与光储设备双主业驱动的上市公司，通润装备近年来通过资本运作与业务转型，在新能源储能领域逐 步构建起差异化竞争优势。在储能领域的具体布局上，通润装备借助正泰电源的技术积累，构建了从核心部件到系统集 成的完整能力。公司储能产品涵盖光储逆变器、储能系统等，尤其在工商业储能和户用储能领域形成了差异化优势，其 研发的高安全长寿命储能电池管理系统已应用于多个海外项目。 生产端方面，公司通过精密钣金制造能力与储能设备生产的协同，有效降低了制造成本，这也是其毛利率能维持在30% 以上的重要原因。公司目前形成了钣金制品与光储设备并行的双主业格局，其中202 ...

Core Viewpoint - Hangzhou Gaote Electronics Co., Ltd. has been accepted for IPO on the ChiNext board, focusing on the development, production, and sales of new energy storage battery management systems (BMS) [1] Financial Performance - The company expects revenue of 919 million yuan and net profit of 98.42 million yuan for 2024, with revenue growth of 166% over the past two years [1][3] - Revenue figures for 2022, 2023, and 2024 are 346 million yuan, 779 million yuan, and 919 million yuan respectively, while net profits are 53.75 million yuan, 88.23 million yuan, and 98.42 million yuan [3][5] - The gross profit margins for the same years are 28.53%, 26.56%, and 26.02% [3] Investment and Financing - The company plans to raise 850 million yuan, with 600 million yuan allocated for the construction of an intelligent manufacturing center for storage battery management systems and 250 million yuan for working capital [1][2] Assets and Liabilities - Total assets are projected to reach 11.61 billion yuan by the end of 2024, up from 9.81 billion yuan in 2023 and 4.48 billion yuan in 2022 [5] - The asset-liability ratio is expected to decrease from 61.64% in 2022 to 31.19% in 2024 [5] Research and Development - The company has invested a total of 126 million yuan in R&D over the past three years, with R&D expenses as a percentage of revenue being 6.91%, 4.96%, and 6.94% respectively [7] - As of the end of 2024, the company holds 53 domestic invention patents, 8 foreign patents, and has participated in the establishment of 30 national and industry standards [8] Client Base - The company has established a client base that includes major players in the energy storage sector such as State Grid, Southern Power Grid, and CATL, with the top five clients accounting for 45.41% of total revenue in 2024 [5][6] Shareholding Structure - The controlling shareholder is Guiyuan Holdings, which holds 36.54% of the shares, while Xu Jianhong, through various entities, controls a total of 46.17% of the shares [9]