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]

【DT新材料】 获悉，近日， 合源锂创（苏州）新能源科技有限公司 批量交付了高性能无人 机固态电池，产品应用于对续航和安全要求较高的特种无 人机场景。 该系列固态电池能量密度为320-600Wh/kg，容量定制范围为20-100Ah，采用原位固化、界面调控等安全技术，通过了12项极限安全测试。实际使 用中，电池在高倍率放电时温升较低，提升了无人机飞行的安全性和续航能力。 合源锂创 成立于2023年1月，位于苏州工业园区，拥有固态电芯智能车间，并设有关键材料研发中心和电池系统研发中心。公司专注于固态锂离子电 池的研发、制造和销售 ，产品覆盖无人车、无人机、电动自行车、电动摩托、智能机器人和无人船等领域。 5月27日， 合源锂创 向建筑机器人企业 金皇冠智能科技 交付首批固态动力电池包，实现固态电池在建筑机器人领域的首次批量应用。 在固态电池市场竞争中，其他企业也在积极推进相关产品： 6月19日， 先导智能 宣布成功向一家全球领先的电池制造企业交付多套固态电池核心装备，包括复合转印设备和高速叠片设备。 厂厂新加盟 | 口丁生进电池 7/03-05 **** 第四届固态电池大会 暨硅基负极产业创新 The 4th ...

上 市 公 司 电力设备 2025 年 06 月 20 日 先导智能 (300450) ——固态电池设备成功交付，公司实力再获认可 报告原因：有信息公布需要点评 买入（维持） | 市场数据： | 2025 年 06 月 19 日 | | --- | --- | | 收盘价（元） | 22.53 | | 一年内最高/最低（元） | 28.16/12.88 | | 市净率 | 2.9 | | 股息率%（分红/股价） | 1.52 | | 流通 A 股市值（百万元） | 35,134 | | 上证指数/深证成指 | 3,362.11/10,051.97 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | | --- | --- | --- | | 每股净资产（元） | | 7.65 | | 资产负债率% | | 68.46 | | 总股本/流通 A 股（百万） | | 1,566/1,559 | | 流通 B 股/H 股（百万） | | -/- | 06-19 07-19 08-19 09-19 10-19 11-19 12-19 01-19 02- ...

证券研究报告·公司点评报告·电池 先导智能（300450） [Table_Tag] [Table_Summary] 投资要点 2025 年 06 月 20 日 证券分析师 周尔双 执业证书：S0600515110002 021-60199784 zhouersh@dwzq.com.cn 证券分析师 李文意 持续交付固态电池核心设备，有望充分受益 于固态电池产业化加速 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 16,628 | 11,855 | 13,200 | 17,000 | 20,100 | | 同比（%） | 19.35 | (28.71) | 11.34 | 28.79 | 18.24 | | 归母净利润（百万元） | 1,774.57 | 286.10 | 1,056.93 | 1,702.00 | 2,227.97 | | 同比（%） | (23.45) | (83.88) | 269.42 | ...