Market Overview - A-shares experienced a collective rise on November 13, with the Shanghai Composite Index closing at 4029.5 points, up 0.73%, and reaching a peak of 4030.4 points, marking a ten-year high [1][2]. Industry Performance - The lithium battery supply chain saw a significant surge, with the energy metals sector index rising by 7.89%. Key stocks in the upstream lithium sector, such as Tianhua New Energy, surged over 19%, while others like Rongjie Co., Shengxin Lithium Energy, and Shengtun Mining hit the daily limit [5][6]. - The midstream battery sector also performed well, with the leading company, CATL, increasing by over 8% and closing up 7.56%, with a trading volume exceeding 22.9 billion yuan [5]. Price Trends - The price of lithium hexafluorophosphate has reportedly doubled recently, with some market quotes reaching 150,000 yuan per ton. The mainstream transaction price has also significantly increased since mid-October [7]. - Prices for electrolyte solvents such as VC and FEC have risen sharply, with VC rebounding 77% from its low of 48,700 yuan per ton in June to 86,000 yuan per ton by November 12, and FEC increasing 64% from 33,000 yuan per ton to 54,000 yuan per ton in the same period [7]. Stock Contributions - Despite the lithium battery sector leading the market, the top contributors to the Shanghai Composite Index included stocks from various sectors, with Zijin Mining contributing the most at 1.78 points, followed by SMIC and others from sectors like semiconductor and insurance [8][9]. Market Sentiment - The market is currently characterized by a strong performance in the Shanghai Composite Index, while the Shenzhen Component and ChiNext indices have not seen similar gains, indicating a trend of strength in the Shanghai market compared to the others [9]. - The Shanghai Dividend Index has continued to rise, increasing nearly 4% in November and 8.92% since the beginning of the fourth quarter, suggesting a return of dividend-focused investment strategies [9].

Core Viewpoint - The lithium battery industry chain is gaining market attention due to the continuous growth in energy storage demand, with lithium hexafluorophosphate prices doubling, leading to significant stock price increases for companies like Haike New Energy [1][7]. Company Overview - Haike New Energy, listed on the Shenzhen Stock Exchange in July 2023, specializes in the research, production, and sales of lithium-ion battery electrolyte solvents and fine chemicals, with products widely used in various sectors including lithium battery materials and pharmaceuticals [3][6]. - The company has a production capacity of 45,000 tons/year for dimethyl carbonate, 36,000 tons/year for propylene glycol, and other chemical products, with over 68% of its workforce holding a college degree [3][6]. Financial Performance - In the first three quarters of 2023, Haike New Energy reported a revenue of 3.653 billion yuan, a year-on-year increase of 43.17%, while the net loss narrowed to 128 million yuan, a 40.06% improvement compared to the previous year [6]. - The third quarter alone saw a revenue of 1.337 billion yuan, marking an 80.43% year-on-year increase [6]. Market Dynamics - The price of electrolyte solvents like VC and FEC has surged, with VC prices rebounding 77% from a low of 48,700 yuan/ton in June to 86,000 yuan/ton by November 12, and FEC prices increasing 64% from 33,000 yuan/ton to 54,000 yuan/ton in the same period [7]. - The industry is currently adopting a market-driven pricing strategy, with some market participants noting that actual market prices may be even higher than reported [7]. Strategic Partnerships - On November 10, Haike New Energy signed a strategic cooperation and raw material supply agreement with Kunlun New Materials, committing to supply approximately 596,200 tons of electrolyte solvents from January 2026 to December 2028 [8]. Industry Outlook - Major brokerage firms are optimistic about the lithium battery industry chain, anticipating accelerated growth in the energy storage market, with projections of significant increases in domestic storage installations in the coming years [9][10]. - The expected doubling of domestic energy storage installations by 2026 and a substantial increase in global lithium battery demand highlight the potential for growth in the sector [10][11].