独立储能机遇与产业实操 (闭门分享会) 2025年12月16-17日上海 主办方: SMG 第四经 ( Jack看租赁 独立储能业务市场分析和项目筛选机制 分享嘉宾：天炜新能总经理 徐晓栋 公司托管运营独立储能电站超5GWh 独立储能市场开发和业务实战 分享嘉宾:天炜新能副总裁 韩冬 主管独立储能业务市场开发和运营工作 独立储能融资租赁业务实战和风险管理 分享嘉宾:Jack看租赁 创始人 王俊鹏 培训业务服务租赁公司超 800 家 2 | | 12月16-17日(周二、周三) < | | --- | --- | | 9:30-12:00< 12月 16日< 14:00-16:30< | 独立储能业务市场分析和项目筛选机制(2 | | | 独立储能市场开发和业务实战2 | | 16:30-17:30< | 融资租赁赋能独立储能产业发展研讨会(2 | | 12月17日 9:30-12:00(2 | 独立储能融资租赁业务实战和风险管理(2 | | | 线下(上海) < | 详细议程 第一部分 12月16日 9:30-12:00 独立储能业务市场分析和项目筛选机制 分享嘉宾：天炜新能 联合创始人兼总经理 徐晓栋 全球 ...

Core Viewpoint - The A-share market is experiencing strong momentum driven by significant contracts, with nearly 70 companies announcing major strategic collaborations and contracts since October, leading to notable stock price increases [1][2]. Group 1: Major Contracts and Their Impact - Nearly 70 A-share companies have disclosed major positive news since October, significantly outperforming the market average [1]. - Key sectors benefiting from large orders include machinery, power equipment, construction decoration, and automotive, with machinery and power equipment being the primary focus [1]. - Notable contracts include a 616 million yuan independent energy storage project by Hongying Intelligent, a 581 million yuan nuclear project contract by Lanshi Heavy Industry, and a 1.9 to 2.4 billion USD order for an offshore floating production storage and offloading (FPSO) vessel by Bomaike [1]. Group 2: Market Reactions - The average stock price increase for these companies on the first trading day after announcements was 1.45%, while the CSI 300 index fell by 0.09% [2]. - From the announcement date to the latest closing date, these companies' stock prices rose over 6%, contrasting with a 0.95% decline in the CSI 300 index [2]. - Companies like Haibosi Chuang and Huo Pu Co. saw significant stock price surges, with Haibosi Chuang's stock rising due to a long-term energy storage cooperation agreement with CATL [2]. Group 3: Institutional Interest - As of November 17, 20 of the aforementioned companies received institutional research attention, with 15 companies visited by over 10 institutions [4]. - Companies like Chengsheng Technology attracted over 150 institutional visits due to a strategic cooperation agreement, highlighting a significant increase in product sales [4]. - Analysts predict that companies such as Chengsheng Technology, Leidi Ke, and Lanjian Intelligent will see net profit growth exceeding 25% in 2025 and 2026, with Jin Gu Co. and Huitian New Materials expected to exceed 100% growth in 2025 [4]. Group 4: Market Analysis - Analysts note that major contract announcements serve as catalysts for stock prices, providing investors with clear and reliable performance certainty [5]. - In the current market environment, funds are increasingly favoring companies with solid fundamentals, as substantial contracts secure future revenue and profits, reducing investment uncertainty [5]. - The trend indicates a shift from speculative trading to value discovery, with investors focusing more on companies' intrinsic growth capabilities and actual operational results [5].

Core Insights - The company Huazi Technology (300490.SZ) has confirmed that its fundraising efforts for the energy storage industry have successfully transitioned into normal operations [1] - Currently, the company owns and operates two independent energy storage power stations [1]

关于新发布的促进新能源消纳和调控的指导意见中，提到的新型储能容量电价 机制有哪些重要变化？ 新发布的文件首次明确了新型储能与煤电及抽水蓄能并列，给予容量电价机制。 这一机制与之前提到的容量补偿机制有显著差异。容量电价由终端用户承担， 而容量补偿可以由发电侧、用户或政府补贴承担。本次文件明确采用容量电价 机制，并强调市场价格信号要有效传导至终端用户，这与甘肃、宁夏等省份出 台的新型储能容量电价政策相契合。未来，全国层面的容量电价机制将很快执 行，各省可能会根据自身情况自主定价。 文件中提到将把电价传导给用户，这是否意味着居民电价会涨？ 文件明确提出健全居民分时电价机制，不会直接导致居民整体用电价格上涨， 但现有峰谷价格体系可能调整，阶梯电价也可能进一步完善。例如，第三阶梯 《关于促进新能源消纳和调控的指导意见》政策解读 20251110 摘要 国家推行容量电价机制，旨在将市场价格信号有效传导至终端用户，各 省或将根据自身情况自主定价，现有容量补偿政策预计将进行调整，由 发电侧向用电侧传导。 健全居民分时电价机制不会直接导致居民整体用电价格上涨，但峰谷价 格体系和阶梯电价可能调整，例如第三阶梯电价可能上浮，以引导 ...

Core Viewpoint - Hongying Intelligent (001266.SZ) announced the signing of a total engineering contract for the "Minle County Phase II 350MW/700MWh Independent Energy Storage Power Station Project" with a total price of RMB 616 million, which is a significant development for the company in the energy sector [1] Group 1 - The company’s wholly-owned subsidiary, Shanghai Hongying New Energy Technology Co., Ltd., along with two other companies, signed the contract on August 27, 2025 [1] - The total contract price, including tax, is RMB 616,000,000 [1] - The company will transfer 100% equity of the parent company of Minle Zhuohang, which will no longer be included in the company’s consolidated financial statements after the transfer is completed [1]

Core Viewpoint - Hongying Intelligent (001266.SZ) announced the signing of a total engineering contract for the Minle County Phase II 350MW/700MWh independent energy storage project, with a total contract value of RMB 616 million [1] Group 1 - The contract was signed on August 27, 2025, between Hongying New Energy, a wholly-owned subsidiary of Hongying Intelligent, and a consortium including China Offshore Oil Engineering Company and Inner Mongolia Galaxy Power Installation Engineering Company [1] - The project involves the Minle County Zhuohang New Energy Development Co., Ltd., which is a subsidiary included in the consolidated financial statements of Hongying Intelligent [1]

Core Viewpoint - The company announced that its wholly-owned subsidiary, Shanghai Hongying New Energy Technology Co., Ltd., has signed a general contracting agreement for the construction of a 350MW/700MWh independent energy storage project, which is expected to positively impact future operating performance [1] Group 1 - The total contract value (including tax) for the project is RMB 616 million [1] - The project is categorized as a routine business contract, thus does not require approval from the board of directors or shareholders [1] - Successful implementation of the project is anticipated to have a beneficial effect on the company's future operating results [1]

Core Viewpoint - The article discusses the rapid growth and potential of Artificial Intelligence Data Centers (AIDC) in the energy storage sector, highlighting the emerging models of "independent storage + computing power" as a key solution for future developments in the industry [2][6][11]. Group 1: AIDC Market Dynamics - AIDC is predicted to become a super track exceeding 300GWh, driven by the demand for energy storage solutions in data centers [2]. - The demand for energy storage in AIDC is categorized into three main areas: emergency backup, built-in short-term power supply units, and configuration storage systems [2][3]. - The current focus is on the rapid growth of configuration storage systems, which are essential for meeting the overall electricity needs of data centers [2][5]. Group 2: Current Trends in AIDC - Data center configuration storage and microgrid systems are currently dominant, aligning with industry needs for stable power and carbon reduction [3]. - AIDC facilities are generally small-scale, with power demands centered on local services, and there is a growing pressure for carbon reduction [3][5]. - The integration of storage or microgrid systems can significantly enhance green electricity usage without substantial cost increases, making them the preferred solution for AIDC [3]. Group 3: Case Studies and Examples - The China Unicom Sanjiangyuan Green Power Intelligent Computing Integration Demonstration Park is highlighted as a benchmark for the "microgrid + computing power" model, aiming for 100% green electricity consumption [4]. - The project is expected to reduce carbon emissions by 7,090 tons annually and lower overall electricity costs by 20% [4]. - The successful operation of the 208MW independent storage power station in Shaoguan serves as a scalable verification case for supporting large AIDC [6][7]. Group 4: Future Outlook - The "computing power + independent storage" model is anticipated to rapidly expand as large computing hubs and supercomputing centers become mainstream [6]. - The integration of independent storage with computing power is expected to provide stable electricity support for major data center clusters [7][8]. - National policies are increasingly supportive of the deep integration of storage and intelligent computing centers, creating favorable conditions for the development of this model [11].

Core Viewpoint - Company Kolyuan (600478.SH) is actively constructing or planning to build independent energy storage power stations with a total capacity of no less than 4GWh, which will gradually be released in Q3 and Q4 [1] Group 1: Project Details - The company has eight independent energy storage projects, including a total of 600MW/2200MWh in Hebei Province, 200MW/400MWh in Shandong Province, 300MW/1200MWh in Inner Mongolia, and 100MW/200MWh in Guangdong Province [1] - In addition to the main projects, the company has over thirty reserve projects across various energy storage application scenarios, totaling more than 15GWh, with over 6GWh already meeting investment conditions [1] Group 2: Strategic Evaluation - The company will dynamically assess the energy structure, relevant policies, and economic viability of different regions to timely convert reserve projects into active projects [1]

Group 1: Financial Performance - The company expects to achieve an operating revenue of 75.2 billion CNY and a net profit attributable to shareholders of 1.26 billion CNY in 2025 [1] - As of June 30, 2025, the remaining contract amount for signed but uncompleted projects is approximately 181.7 billion CNY, with an additional 27.4 billion CNY in projects that have been bid but not yet signed [1] - The gross profit margin for construction operations in the first half of the year is stable at 7.27% [2] Group 2: Project and Order Management - The company has undertaken engineering tasks amounting to 122 billion CNY for 2025 [1] - The company emphasizes the management of accounts receivable, focusing on timely collection from ongoing and completed projects [2] - The company has four categories of special qualifications for engineering construction, including water conservancy, municipal engineering, and building construction [1] Group 3: Clean Energy Initiatives - The company has a clean energy installed capacity target of 1 million kW for 2025, with projects primarily located in Xinjiang, Gansu, Guangdong, Hunan, and Shandong [1][2] - The company’s clean energy investments are mainly through self-investment [2] - The first independent energy storage station, Guangdong Yunfu 100MW/200MWh, is expected to be completed in November 2024, with another project in Xinjiang currently under construction [3] Group 4: Cash Flow and Financial Management - The net cash flow from operating activities decreased year-on-year due to concentrated payments for engineering and procurement costs in the first half of the year, influenced by local government debt policies and budget arrangements [2] - The company has eight clean energy equipment manufacturing plants with an annual design capacity of approximately 300,000 tons [2]