| 电池 | 收盘价 | | 目标价 | 潜在涨幅 | 2026 年 2 月 2 日 | | --- | --- | --- | --- | --- | --- | | 港元 | | 11.54 | 港元 15.46 | +33.9% | | | 瑞浦兰钧 (666 HK) | | | | | | 公司更新 交银国际研究 | 52周高位 (港元) | 16.48 | | --- | --- | | 52周低位 (港元) | 9.09 | | 市值 (百万港元) | 10,783.21 | | 日均成交量 (百万) | 3.53 | | 年初至今变化 (%) | (13.17) | | 200天平均价 (港元) | 13.18 | | 资料来源： FactSet | | 李柳晓, PhD, CFA 规模效应 + 集成化转型，2025 年实现扭亏为盈；维持买入 个股评级 买入 1 年股价表现 资料来源： FactSet 2/25 6/25 10/25 -20% -10% 0% 10% 20% 30% 40% 50% 666 HK 恒生指数 股份资料 joyce.li@bocomgroup.com (86) 21 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 瑞浦兰钧（00666）盘中涨超6%，截至发稿，股价上涨5.54%，现报12.58港元，成交额8543.53万港元。 瑞浦兰钧日前发布上市以来首份盈喜公告。公告显示，公司预计截至2025年12月31日止年度实现净利润 6.3亿元至7.3亿元（人民币，下同），成功实现扭亏为盈。盈利突破核心源于两大关键因素协同发力： 一方面是动力及储能电池产品出货量持续增加，有效带动收入稳步增长；另一方面是产能利用率提升与 降本增效措施落地，推动毛利显著改善。 交银国际指出，受益于全球能源转型加速，2026年储能行业预计维持高景气度。瑞浦兰钧精准布局户储 赛道，出货量位居行业前列。为配合市场扩张，公司产能规划清晰：2025年产能为90GWh，预计 2026/27年扩至约120/150GWh，规模效应有望持续释放。产品方面，公司不再局限于单一的电芯或模组 销售，而是大力推广直流侧系统集成产品，有望带动整体储能板块毛利率的结构性提升。 责任编辑：卢昱君 瑞浦兰钧（00666）盘中涨超6%，截至发稿，股价上涨5.54%，现报12.58港元，成交额8543.53万港元。 瑞 ...

Core Viewpoint - 瑞浦兰钧 has released its first profit warning since its listing, projecting a net profit of RMB 630 million to RMB 730 million for the fiscal year ending December 31, 2025, marking a successful turnaround to profitability [1] Company Summary - The increase in profitability is attributed to two main factors: a continuous rise in the shipment volume of power and energy storage battery products, which has effectively driven revenue growth, and improvements in capacity utilization and cost reduction measures that have significantly enhanced gross margins [1] - 瑞浦兰钧 is strategically positioned in the household energy storage sector, ranking among the top in industry shipment volumes, benefiting from the accelerated global energy transition [1] - The company has a clear capacity expansion plan, targeting 90 GWh by 2025 and expanding to approximately 120 GWh and 150 GWh in 2026 and 2027, respectively, which is expected to continuously release scale effects [1] - The product strategy has evolved beyond just selling individual cells or modules, with a strong push towards promoting direct current system integration products, which is anticipated to structurally enhance the gross margin of the overall energy storage segment [1] Industry Summary - The energy storage industry is expected to maintain a high level of prosperity through 2026, driven by the global energy transition [1]