机械ETF（516960）跌超3%，储能需求与设备供需格局引关注，把握回调布局机会 国泰海通指出，碳酸锂价格近期大幅上涨，广期所碳酸锂主力合约自10月9日以来涨幅超过30%，引发 市场关注。钠电产业链已完成冷启动，随着碳酸锂等锂电材料价格上涨及龙头公司推进钠电业务，行业 有望迎来规模扩张期。钠电池在能量密度上虽不及锂电池，但其性价比、倍率性能、低温性能及更稳定 的电化学性能使其在储能、两轮车及A0级以下乘用车领域具备比较优势，有望成为锂电池的有效补 充。 （文章来源：每日经济新闻） 机械ETF（516960）跟踪的是细分机械指数（000812），该指数从市场中选取涉及工业自动化、工程机 械等细分领域的上市公司证券作为指数样本，主要覆盖具有较高技术水平和市场竞争力的机械制造企 业，以反映机械设备行业内优质公司的整体表现。指数风格上偏向成长与价值的平衡配置。 ...

每日经济新闻 （责任编辑：贺翀 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 招商证券指出，储能行业需求保持较好增长。历经过去几年的行业下行，锂电行业各环节总体盈利 水平充分压缩，电池价格、盈利水平均处于低水平。目前，各环节头部企业开工率普遍较高，考虑到今 明年需求仍在稳步增长，2025年整体锂电供需态势可能有所好转，电池厂及部分格局较好的材料环节， 盈利水平也将会有所修复。 机械ETF（516960）跟踪的是细分机械指数（000812），该指数从沪深市场中选取涉及专用设备、 通用机械等领域的上市公司证券作为指数样本，以反映机械设备行业内优质企业的整体表现。指数成分 股主要聚焦业务集中度高、成长性好的公司，行业配置上侧重高端制造和智能制造方向。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺 ...

Group 1: Power Equipment Industry - The investment scale of the State Grid is expected to exceed 650 billion yuan for the first time by 2025, with over 420 billion yuan completed in fixed asset investment from January to September, representing a year-on-year increase of 8.1% [1] - The construction of ultra-high voltage projects is accelerating, with significant projects such as the Longdong-Shandong and Hami-Chongqing lines being put into operation, and the Datong-Tianjin South project starting construction, enhancing cross-regional transmission capacity [1] - The focus of the new power system development is on the intelligent and digital transformation of distribution networks, with clear planning and high certainty in the progress of ultra-high voltage line construction [1] Group 2: Battery Industry - China has made several breakthroughs in solid-state battery technology, including a new fluorinated polyether electrolyte developed by Tsinghua University achieving an ultra-high energy density of 604 Wh/kg and passing rigorous safety tests [1] - The interface-integrated flexible materials designed by the Chinese Academy of Sciences can withstand 20,000 bending cycles [1] - Global solid-state battery shipments are expected to increase from 34 GWh in 2026 to 614 GWh by 2030, with the proportion of all-solid-state batteries rising from 10% in 2027 to 30% in 2030 [1] Group 3: Mechanical ETF - The Mechanical ETF (516960) tracks a specialized mechanical index (000812), selecting listed companies involved in industrial automation, engineering machinery, and specialized equipment from the Shanghai and Shenzhen markets [1] - The index reflects the overall performance of companies that represent technological innovation and manufacturing upgrades within the mechanical equipment industry [1] - Component stocks typically possess strong market competitiveness and growth potential [1]

Group 1 - The core viewpoint is that the rapid increase in domestic and international sales of new energy vehicles since Q2 2024 has led to a rebound in the installed capacity of power batteries, alongside an expansion in demand for energy storage cells [1] - Leading battery manufacturers are approaching full production capacity and are restarting capital expenditures, resulting in a significant increase in new orders for equipment suppliers [1] - The export control policy announced in October does not equate to a ban on exports, allowing leading equipment manufacturers to continue overseas operations through regulated applications, benefiting companies with strong compliance capabilities and global operational experience [1] Group 2 - The Mechanical ETF (516960) tracks a specialized mechanical index (000812) that selects high-quality securities from the market in fields such as specialized and general equipment, reflecting the overall performance of listed companies in the mechanical equipment industry [1] - The components of the specialized mechanical index possess strong market competitiveness and growth potential, highlighting the trend of upgrading and transforming China's manufacturing industry, serving as an important indicator for observing the performance of the mechanical industry [1]

Core Viewpoint - The domestic energy storage installation in August showed a steady recovery, with year-on-year and month-on-month growth of 58% and 63% respectively, indicating a positive trend in the industry [1] Group 1: Energy Storage and Lithium Industry - In the first eight months of the year, cumulative installations increased by 36% year-on-year [1] - The U.S. market experienced a 47% year-on-year increase in grid-connected capacity in August, although it saw a month-on-month decline of 28% due to adjustments in the ITC Act [1] - Lithium battery production in October is expected to grow by 3% to 9% month-on-month, with battery, anode, and electrolyte segments showing year-on-year growth rates exceeding 40% [1] - Prices for lithium carbonate and lithium hydroxide saw a monthly increase of 20%, while prices for battery cells and electrolytes also rose; however, iron-lithium material prices slightly decreased due to supply chain adjustments [1] Group 2: Solid-State Battery Technology - Solid-state battery technology is entering a critical window, with plans for mass production of composite current collectors starting in the second half of 2025 [1] - Accelerated layout of pilot lines for all-solid-state batteries is expected, with demonstration vehicle production anticipated between 2026 and 2027 [1] Group 3: Industry Trends and ETF - The industry inventory cycle has entered a replenishment phase, with improvements in supply-demand dynamics in certain segments [1] - New technological breakthroughs are contributing to a diversified increase in the industry's prosperity [1] - The Mechanical ETF (516960) tracks a specialized mechanical index (000812), focusing on high-quality listed companies in the mechanical equipment sector, reflecting the overall performance and development trends of related securities [1]

Group 1 - The core viewpoint is that the simultaneous expansion of the new energy vehicle market both domestically and internationally will create significant market opportunities for the power equipment and battery industries [1] Group 2 - The demand for high-voltage relays, a key component in the high-voltage systems of new energy vehicles, is expected to continue growing, with projected sales of new energy vehicles reaching 16.5 million units by 2025, driving rapid growth in related supporting demand [1] Group 3 - In the battery sector, solid-state battery technology is advancing rapidly, with pilot production lines achieving a yield rate of 90%. Semi-solid batteries have an energy density of 300 Wh/kg and a range of 1000 kilometers, placing the technology in a leading position within the industry [1] Group 4 - The market size for solid-state battery equipment is expected to grow from 1.9 billion yuan in 2024 to 26.9 billion yuan in 2029, with a compound annual growth rate of 70% [1] Group 5 - Downstream applications such as wind power, thermoplastics, new energy vehicles, and new energy storage are driving the release of new demand in the industry [1] Group 6 - The Mechanical ETF (516960) tracks a segmented mechanical index (000812), which selects listed companies in the mechanical equipment industry, including engineering machinery and industrial automation equipment, to reflect the overall performance of related listed securities [1] Group 7 - The segmented mechanical index constituents are representative of the industry and effectively reflect the trends in manufacturing upgrades and high-end equipment manufacturing, providing investors with a tool to capture investment opportunities in the mechanical equipment sector [1]

Group 1 - The electric equipment and new energy industry is experiencing structural prosperity, with continuous high growth in energy storage demand [1] - Penghui Energy ranks among the top three globally in small energy storage cell shipments, and solid-state battery technology has improved energy density to 320Wh/Kg [1] - The offshore wind power sector is expected to see further growth in new installed capacity due to favorable project bidding and construction trends in China starting from 2025, along with opportunities for whole machine exports driven by China-UK cooperation [1] Group 2 - The Mechanical ETF (516960) tracks a segmented mechanical index (000812), which selects listed companies in the engineering machinery and industrial automation sectors from the Shanghai and Shenzhen markets [1] - The segmented mechanical index consists of companies with high market share and technological advantages, balancing growth and value, making it suitable for investors focusing on high-end manufacturing and industrial upgrading trends [1]

招商证券指出，固态电池产业化渐行渐近，带来设备价值量重构。在政策、需求、技术三重驱动 下，全固态电池发展趋势明确，产业面临从材料体系、制备工艺到生产设备的全面重构。预计2030年全 球半固态电池设备市场规模达624.4亿元（2024-2030年CAGR为59%），全固态电池设备市场规模达 455.0亿元（CAGR为159%）。工艺变革驱动设备价值量显著提升：前道环节新增干法电极，中道采用 叠片+极片胶框印刷+等静压方案，后道升级为高压化成分容。 机械ETF（516960）跟踪的是细分机械指数（000812），该指数聚焦于机械设备行业，从市场中选 取涉及专用设备、通用机械等细分领域的上市公司证券作为指数样本，成分股主要为在各自领域内具有 技术优势和市场竞争力的企业，以反映机械设备行业相关上市公司证券的整体表现和发展趋势。风格上 偏向成长型配置。 没有股票账户的投资者可关注国泰中证细分机械设备产业主题ETF联接A（012516），国泰中证细 分机械设备产业主题ETF联接C（012517）。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立 ...

华西证券指出，在海内外动力和储能需求持续攀升的带动下，电力设备及电池产业链排产及出货量 有望不断提升，锂电材料价格有望企稳回升。固态电池凭借高能量密度及高安全性优势，成为下一代电 池技术的确定性方向，其产业化进程正加速推进，设备、材料、电池等全产业链环节均有望实现迭代升 级。 机械ETF（516960）跟踪的是细分机械指数（000812），该指数从市场中选取专注于机械设备行业 细分领域的上市公司证券作为指数样本，涵盖专用设备、通用机械等高技术含量领域，以反映专业化机 械制造企业的整体表现。该指数注重成分股的创新能力和市场竞争力，能够体现机械行业内的技术发展 水平和行业趋势。 没有股票账户的投资者可关注国泰中证细分机械设备产业主题ETF联接A（012516），国泰中证细 分机械设备产业主题ETF联接C（012517）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风 ...

Group 1 - The core viewpoint indicates that the global top ten component suppliers are expected to ship 247.9 GW in the first half of 2025, representing a 10% year-on-year growth, with a domestic market share of 58% and an overseas market share of 42% [1] - TOPCon components have become the mainstream technology route, accounting for over 94% of the market [1] - The photovoltaic industry is currently in a low point reversal period, where companies need to balance scale and profitability while enhancing long-term competitiveness through differentiated competition [1] Group 2 - In the power battery sector, global installed capacity is projected to reach 504.4 GWh in the first half of 2025, marking a 37.3% year-on-year increase, with CATL and BYD together holding a market share of 55.7%, indicating a "stronger stronger" market trend [1] - Hive Energy's installed capacity has surged by 208% year-on-year, leading in growth rate [1] - In the electric equipment sector, the demand for electric meters in the State Grid's 53rd procurement batch in 2025 is expected to increase by 12% year-on-year, while the demand for collection terminals is projected to rise by 80.8%, reflecting ongoing investment in the power grid [1] Group 3 - The Mechanical ETF (516960) tracks a specific mechanical index (000812), which selects listed companies involved in industrial automation and engineering machinery from the Shanghai and Shenzhen markets to reflect the overall performance of the mechanical equipment industry [1] - The index constituents typically possess strong technological innovation capabilities and market competitiveness, focusing on leading companies with growth potential [1]