记者1月4日从内蒙古乌海高新技术产业开发区获悉，乌海市20万千瓦/80万千瓦时半固态储能电站日前 正式并网运行。这是我国装机规模最大的半固态锂电池电网侧独立新型储能项目。 "高安全、长续航、能量密度大，是该项目的三大核心优势。"中国绿发内蒙古分公司总经理助理刘效飞 说，该电站的成功并网，将显著提升电力系统稳定性和新能源消纳能力，为自治区构建"源网荷储一体 化"新型电力系统提供关键支撑与示范样本。 项目由中国绿发投资集团有限公司投资建设，占地约100亩，总投资6亿元，是内蒙古自治区首个采用半 固态磷酸铁锂电池技术的规模化储能项目。项目现场，160个储能电池舱和40个变流升压一体舱整齐排 列，通过调峰调节模式，每年可为电网输送1.89亿千瓦时的清洁电力。 （文章来源：科技日报） "这个'充电宝'的容量相当可观。"该项目经理秦磊给出了一组直观数据：电站每年可等效放电282次， 单次最大放电量可达80万千瓦时。按照普通家庭用电标准，每次最大放电量可同时满足约4000户家庭1 个月的用电需求。 乌海电网作为蒙西电网重要枢纽，其运行稳定性直接影响周边电网的供电可靠性。该电站的接入，就像 给电网装上了"弹性缓冲器"，将在削 ...

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 AIDC数据中心储能及电池技术专场 ， 清陶云能 市场总监 盛健 发表了以《 瓦特和比特 ——AI 时代绿色数据中心的储能电池需求 》为主题的演讲！ 图： 清陶云能 市场总监 盛健 以下为现场演讲内容： 1、 依赖电网供电，碳排放量 " 身不由己 " ； 2、 传统 -48V 供电架构需要经过多级电压的交直流转换，在转换环节损失较多能量，并且带来额外制冷量的需求； 3 、 2N 的供电架构导致大量冗余配置，并且这些配置无法产生收益。 那么这些问题有对应的解决办法吗？其实是有的。在国家发改委、能源局和工信部等发布的各类政策、方案和行动计划中都有详细的描述。 1 、依赖电网问题，可以采用区域协同发展的方式，在比如西部地区等 ...

中国绿发介绍，乌海储能电站是内蒙古自治区首个采用半固态磷酸铁锂电池技术的规模化储能项目，占 地约100亩，由160个储能电池舱和40个变流升压一体舱组成。乌海储能电站每年预计可为电网输送1.89 亿千瓦时清洁电力。 "高安全、长续航、能量密度大，是项目的三大核心优势。"中国绿发内蒙古分公司总经理助理刘效飞表 示，"项目实现'白天储电、夜间调峰'的灵活调度，不仅能显著提升电力系统的稳定性，更能让当地的 绿电'发得出、送得稳、用得上'。" 上证报中国证券网讯（记者 王玉晴）12月1日，中国绿发投资集团有限公司宣布，11月30日，中国绿发 乌海20万千瓦/80万千瓦时储能电站项目（简称"乌海储能电站"）成功并网，成为目前我国装机规模最 大的半固态锂电池电网侧独立新型储能项目。 中国绿发介绍，乌海电网作为蒙西电网重要枢纽，其运行稳定性直接影响周边电网的供电可靠性。储能 电站的接入，就像给电网装上了"弹性缓冲器"，将在削峰填谷、平抑波动、保障供电等方面发挥重要作 用，有效解决乌海及周边地区大规模新能源汇集带来的挑战，显著提升电力系统稳定性和新能源消纳能 力，为构建"源网荷储一体化"新型电力系统提供关键支撑与示范样本。 ...

中国绿发内蒙古分公司总经理助理刘效飞：项目建成后，将具备20万千瓦功率、80万千瓦时容量的调峰调频能力，每年可为电网输送1.89亿千瓦时清洁电 力。能实现"白天储电、夜间调峰"的灵活调度，不仅能显著提升电力系统的稳定性，更能让当地的绿电"发得出、送得稳、用得上"，为区域新能源消纳打通 关键堵点。 记者今天从中国绿发集团获悉，位于内蒙古乌海的20万千瓦、80万千瓦时半固态电池储能项目实现并网发电，项目不仅刷新了我国已并网半固态锂电池储能 项目的装机规模纪录，更标志着我国半固态储能技术从示范应用迈入大规模商业化运营的关键阶段。 内蒙古乌海作为我国西北重要的新能源基地，依托丰富的风能、太阳能资源，近年来持续推进"源网荷储"一体化建设，此次并网的储能项目正是当地新能源 消纳体系的核心枢纽工程。项目占地约100亩，共配置160个储能电池舱、40个变流升压一体舱。 中国绿发内蒙古分公司乌海储能项目经理秦磊：这座巨型"充电宝"项目采用我国自主研发的半固态磷酸铁锂电池技术，较传统液态磷酸铁锂电池来说，在安 全性能、能量密度、循环寿命等方面具有明显优势。 随着新能源产业加速升级，储能技术作为电网调峰调频、提升绿电消纳能力的核心 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [4] Core Views - The company achieved a revenue of 3,180 million yuan in 2023, with a year-on-year growth rate of 8%. The projected revenues for 2024, 2025, 2026, and 2027 are 4,020 million, 4,933 million, 6,065 million, and 7,379 million yuan respectively, with growth rates of 26%, 23%, 23%, and 22% [4] - The net profit attributable to the parent company is forecasted to be 284 million yuan in 2023, increasing to 298 million in 2024, and further to 381 million, 475 million, and 582 million yuan in the following years, with growth rates of 19%, 5%, 28%, 25%, and 23% respectively [4] - The company is actively advancing its solid-state battery production capacity, with a semi-solid battery factory in collaboration with Dongchi Energy expected to commence production in early next year [6][7] - The establishment of a robotics technology subsidiary aims to develop key components such as cross roller bearings and universal joints, which are anticipated to become new growth points for the company [8] Summary by Sections Financial Performance - In Q3 2025, the company reported a revenue of 3,122 million yuan, a year-on-year increase of 8.06%, and a net profit of 225 million yuan, up by 1.92% [5] - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 1.88, 2.34, and 2.87 yuan respectively [4] Business Development - The company's semi-solid lithium iron phosphate battery has received significant recognition for its low cost, high safety, and long cycle life, having passed rigorous safety tests [7] - The robotics technology subsidiary is focusing on products that have broad market applications, including in humanoid robots [8] Valuation Metrics - The company's price-to-earnings (P/E) ratio is projected to decrease from 25.8 in 2024 to 20.2 in 2025, and further down to 16.2 and 13.2 in 2026 and 2027 respectively [4] - The price-to-book (P/B) ratio is expected to decline from 3.2 in 2024 to 2.0 by 2027 [4]

Core Insights - Guansheng Co., Ltd. reported a revenue of 1.088 billion yuan for Q3 2025, marking a year-on-year increase of 7.78%, with a net profit attributable to shareholders of 63.0372 million yuan [1] - For the first three quarters of 2025, the company achieved a total revenue of 3.122 billion yuan, reflecting a year-on-year growth of 8.06% [1] Company Developments - In October 2025, Guansheng's wholly-owned subsidiary, Shanghai Jias Robotics Technology Co., Ltd., was established with a registered capital of 20 million yuan, focusing on the R&D and application of core components for intelligent robots [1] - The company aims to transition from being a comprehensive service provider for automotive parts to a provider of intelligent robot solutions, leveraging its core technologies [2] - Guansheng has initiated a project for semi-solid lithium iron phosphate batteries, which is expected to reach production capacity by mid-2026, with an annual output of 2.1 million battery cells and systems [2] - The semi-solid battery project is anticipated to significantly advance the industrialization of semi-solid batteries, positioning the company as a leader in this sector [2]

Core Viewpoint - The company reported a revenue of 2.034 billion yuan for the first half of 2025, marking an 8.22% year-on-year increase, and a net profit attributable to shareholders of 162 million yuan, up 2.73% year-on-year, with a net profit excluding non-recurring items increasing by 18.88% to 156 million yuan [2] Group 1: Financial Performance - The company achieved a revenue of 2.034 billion yuan in H1 2025, reflecting an 8.22% growth compared to the previous year [2] - The net profit attributable to shareholders reached 162 million yuan, representing a 2.73% increase year-on-year [2] - The net profit after excluding non-recurring items was 156 million yuan, with an impressive growth rate of 18.88% [2] Group 2: Business Strategy and Operations - The company has a strong presence in the automotive aftermarket, with products including constant velocity joints, drive shaft assemblies, wheel hub bearing units, rubber vibration dampers, steering and suspension components, and shock absorber series, and a marketing network covering over 120 countries [2] - The company is enhancing its global supply chain by upgrading its GSP global integrated warehouse system, adding new centers in Europe and the Middle East, and optimizing supply chain processes through data prediction models [2] - The Southeast Asia supply chain center has improved operational efficiency and increased capacity through optimized core plant layouts, strengthening regional supply chain resilience [2] Group 3: New Energy Business Development - The company is actively pursuing a second growth curve in the new energy sector, with significant progress in its semi-solid lithium iron phosphate battery project, which is expected to reach production capacity of 2.1 million cells and systems annually by mid-2026 [3] - Financing for the energy storage factory project has been approved, with the lowest interest rate for similar projects, providing financial support for the new energy business [3] - The company is committed to a "dual-drive" strategy, focusing on both the automotive aftermarket and solid-state battery business, emphasizing high-performance battery solutions [3] Group 4: Emerging Technologies and Collaborations - The company's core product, the universal joint, can be applied in humanoid robot joints, and the harmonic reducer's cross-roller bearings share production processes with existing wheel hub bearing units [3] - A strategic cooperation agreement was signed with Sichuan Tianlian Robot Co., Ltd. in April 2025 to collaborate in the field of robot bearing products, with related samples already produced and sent to relevant manufacturers [3] Group 5: Capital Market Performance - The company was officially included in the Shanghai-Hong Kong Stock Connect list on June 23, 2025, which is expected to enhance its visibility and influence in international capital markets [3] - This inclusion is anticipated to attract long-term value investors and optimize the shareholder structure, supporting the company's global strategy and supply chain optimization efforts [3]

Core Viewpoint - The project of a 200,000 kW/800 MWh solid-state battery energy storage station in Uhuai City is a significant step towards achieving China's carbon peak and carbon neutrality goals, enhancing the reliability and stability of the power system in the region [4]. Group 1: Project Overview - The energy storage station project is located in the Low Carbon Industry Park of Uhuai High-tech Industrial Development Zone, Inner Mongolia, with a total investment of nearly 700 million yuan [1]. - The project includes a 200,000 kW/800 MWh storage area and a 110 kV booster station, covering an area of 100 acres [1]. - The construction type is semi-solid-state lithium iron phosphate batteries, with each battery module having a rated capacity of 5.015 MWh and a cycle life of no less than 6,000 times [1]. Group 2: Operational Details - The project has completed all 11 preliminary procedures, including obtaining the engineering planning permit and land use planning permit [2]. - The operational period is set for 10 years, with an average annual charging capacity of 231 million kWh and an average annual discharging capacity of 189 million kWh [1]. Group 3: Strategic Importance - The energy storage station is crucial for integrating and optimizing the operation of the power system, significantly improving the stability of Uhuai City's power system and the capacity for renewable energy consumption [4].

Group 1: Industry Events - The 2025 High-Performance Sodium Battery Industry Summit is scheduled for June 9, 2025, at the Shangri-La Hotel in Suzhou [2] - The 2025 High-Performance Solid-State Battery Technology and Application Summit will take place on June 10, 2025, at the same venue [3] Group 2: Company Developments - Guansheng Co. revealed its semi-solid lithium iron phosphate battery aimed at energy storage customers, demonstrating significant safety improvements and a cycle life of 12,000 times, surpassing traditional liquid batteries [3] - Two new energy companies, Changsha Runshi New Energy Co., Ltd. and Chongren Runshi New Energy Co., Ltd., have been established, both fully owned by CATL, focusing on power generation, transmission, and battery sales [4] Group 3: Market Analysis - CITIC Securities reported a slowdown in lithium price decline in Q1 2025, with prices dropping to 60,000 yuan/ton, leading to an expanded loss in the industry and expectations of price stabilization [6] - The forecast for lithium prices in the second half of 2025 has been adjusted to a range of 60,000 to 70,000 yuan/ton, with a focus on low-cost beneficiaries during the price rebound [7] Group 4: Equipment and Technology - Shanghai Yili New Energy applied for a patent for a lithium battery composite cathode based on multi-level particle size electrolytes [8] - Zhongke Electric signed a contract for a 200,000-ton lithium-ion battery anode material integrated base project in Oman, with a total investment of up to 8 billion yuan, planned to be built in two phases [9] Group 5: Strategic Partnerships - Ruipu Lanjun signed a strategic cooperation memorandum with Indonesia's Bakrie & Brothers Group to deliver over 3,000 electric buses and trucks by 2025, focusing on green transportation and local manufacturing [11]

Group 1: Industry Events - The 2025 High-Performance Sodium Battery Industry Summit is scheduled for June 9, 2025, at the Shangri-La Hotel in Suzhou [2] - The 2025 High-Performance Solid-State Battery Technology and Application Summit will take place on June 10, 2025, at the same venue [3] Group 2: Company Developments - Guansheng Co. revealed that its semi-solid lithium iron phosphate battery is primarily aimed at energy storage customers, showing significant safety improvements with no combustion or explosion during puncture, extrusion, and collision tests. The battery has achieved a cycle life of 12,000 times, surpassing traditional liquid batteries. The company's factory in Wenzhou is expected to partially commence production by the end of this year, with full production anticipated by mid-2026 [3] - CATL has established two new energy companies, Changsha Runshi New Energy Co., Ltd. and Chongren County Runshi New Energy Co., Ltd., with registered capital of 580,000 yuan and 3.81 million yuan, respectively. These companies will engage in power generation, transmission, distribution, electrical installation services, energy management contracts, battery sales, and IoT technology services [5] Group 3: Market Analysis - CITIC Securities reported that lithium prices have slowed their decline in Q1 2025, leading to a slight recovery in overseas lithium ore prices and improved operations for salt lake enterprises. However, the supply side is clearing slowly, with lithium prices dropping to 60,000 yuan/ton in Q2, significantly increasing the industry's loss rate. Expectations for mine production cuts and price stabilization are rising, but the reduction in production is less than anticipated. The forecast for lithium prices in H2 2025 is adjusted to a range of 60,000 to 70,000 yuan/ton, with a recommendation to focus on low-cost stocks that may benefit from a rebound in lithium prices [7] Group 4: New Projects - Zhongke Electric signed a contract for a 200,000-ton lithium battery material base project in Oman, with a total investment not exceeding 8 billion yuan. The project will be constructed in two phases, each with a planned capacity of 100,000 tons per year, and is expected to take 36 months for each phase [13] - Ruipu Lanjun has signed a strategic cooperation memorandum with Indonesia's Bakrie & Brothers Group to deliver over 3,000 electric buses and trucks' power batteries by 2025, focusing on "green transportation, made in Indonesia" [15]