转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院干电池研究小组发布的《2025-2030年中国干电池制造行业产销需 求与投资预测分析报告》 行业主要上市公司：安孚科技(603031)、野马电池(605378)、浙江恒威(301222)、长虹能源(920239)等 本文核心数据：产业链结构;企业区域分布 干电池产业链全景梳理：上游原材料简单，下游应用广泛 从干电池制造上游行业来看，干电池行业的上游供应商主要为电解二氧化锰粉、锌粉、隔离纸、钢壳、 碳棒、锌筒和铜针等生产制造企业。 从干电池制造下游应用市场来看，锌锰电池属于标准化产品，电池的尺寸、形状、性能规格等均具有国 际通用标准。由于制造工艺成熟、价格便宜、安全可靠、使用方便、放电和储存时间较长等优点，锌锰 电池目前已经成为了消费者日常生活中不可或缺的电子易耗品，主要应用场景包括电动玩具、家用电 器、家用医疗设备以及户外电子设备等产品。 从产业链具体涉及的企业来看，上游锰粉生产企业主要包括湘潭电化、汇元锰业、桂柳化工等，锌材厂 商主要包括宏达股份、驰宏锌锗、罗平锌电、西部矿业、中色股份等，而电池隔膜纸则包括上海恩捷、 星源材质、中材科技、中兴新材、河北 ...

□ 2025年以来，逾30家挂牌公司披露券商加入为其股票提供做市报价服务，其中新增做市商3家以上的 公司有9家 □ 做市商持续加码的趋势，正在有效改善新三板市场的整体交易格局。数据显示：占新三板公司总数量 3.35%的做市交易公司贡献了全市场50%以上的成交额：拥有10家以上做市商的挂牌公司有18家 做市商正在加码布局新三板业务。 专注于高端复杂注射剂研发领域的圣兆药物，在2025年下半年披露了多项资本运作信息：重启北交所上 市辅导；拟与海正药业开展战略合作，海正药业拟认购公司定向发行股份2亿元，同时拟与海正药业合 资设立子公司，圣兆药物持股55%；美诺华集团、天津中发天开海河中诺创业投资基金分别向公司子公 司注资5000万元、2500万元。圣兆药物2025年至今共新增5家做市商，做市商家数增至11家。 巨峰股份专注于高性能绝缘材料的研发生产，部分产品实现进口替代，主导或参与制定51项国家标准， 2025年披露进入创业板上市辅导期。数据显示，2022年至2024年，公司归母净利润复合增长率达 37.78%，2025年以来，巨峰股份新增平安证券、国海证券等5家做市商，做市商家数增至15家。 此外，亚锦科技因其核 ...

Core Viewpoint - The company, Zhejiang Yema Battery Co., Ltd., is focusing on the development and production of high-performance, environmentally friendly zinc-manganese batteries, with significant overseas revenue benefiting from the depreciation of the RMB. Company Overview - Zhejiang Yema Battery Co., Ltd. is located at 818 Rongji Road, Luotuo Street, Zhenhai District, Ningbo, Zhejiang Province, and was established on November 6, 1996, with its stock listed on April 12, 2021 [7] - The company's main business involves the research, production, and sales of high-performance, environmentally friendly zinc-manganese batteries, with revenue composition as follows: alkaline batteries 86.16%, carbon batteries 8.51%, and others 5.20% [7] Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 1.028 billion yuan, representing a year-on-year growth of 8.15%, while the net profit attributable to the parent company was 54.656 million yuan, a decrease of 53.24% year-on-year [7] - The company has distributed a total of 373 million yuan in dividends since its A-share listing, with 260 million yuan distributed over the past three years [8] Market Activity - On February 10, the company's stock price fell by 0.59%, with a trading volume of 29.8805 million yuan and a turnover rate of 0.52%, resulting in a total market capitalization of 5.679 billion yuan [1] - The company has seen a net outflow of 933,200 yuan from major funds today, with a ranking of 33 out of 107 in its industry, indicating a reduction in major fund positions for two consecutive days [4][5] Product Development - In the 2024 annual report, the company accelerated the R&D process for new products, completing the trial production of button-type lithium batteries and planning to purchase equipment for production line layout and product updates [2][3] - The company is integrating new technologies such as 5G, big data, and AI into its operations to achieve digital production and smart management [3] Industry Context - The company operates within the battery sector, specifically in the electric equipment industry, and is involved in various concept sectors including overseas expansion, consumer electronics, and industrial internet [7]

Core Insights - Changhong Energy (920239.BJ) reported stable growth in its performance, with a total revenue of 4.485 billion yuan, representing a year-on-year increase of 22.17%, and a net profit attributable to shareholders of 249 million yuan, up 26.06% year-on-year [1][2] Group 1: Performance Highlights - In 2025, Changhong Energy achieved a revenue of 4.485 billion yuan and a net profit of 249 million yuan, both showing significant year-on-year growth [2][3] - The company attributes its growth to a combination of technological innovation, digital transformation, market expansion, and cost reduction efforts [2][3] Group 2: Capacity Expansion and Technological Upgrades - Changhong Energy has been expanding its production capacity and upgrading its manufacturing processes, with a focus on alkaline batteries, high-rate lithium batteries, and polymer lithium batteries [3][4] - The company is enhancing its operational efficiency through the implementation of MES systems and AI visual inspection upgrades, with a global supply structure being established through its manufacturing bases in Mianyang, Jiaxing, and Thailand [3][4] Group 3: Strategic Focus and Market Position - The company is committed to strengthening its core business areas, particularly in alkaline and lithium batteries, while also exploring new specialized battery markets [2][4] - Changhong Energy has received recognition as a provincial-level green factory and a benchmark enterprise for digital transformation, highlighting its commitment to innovation and quality [4]

Group 1 - The core viewpoint of the news is that Anfu Technology (sh603031) has reached its daily limit up, with a price of 59.4 yuan, reflecting a 10% increase and a total market capitalization of 15.315 billion yuan [1] Group 2 - Anfu Technology is undergoing a strategic adjustment, focusing on governance structure optimization and business integration, including the cancellation of the supervisory board and the acquisition of 5% of Yajing Technology, which enhances industry chain synergy [2] - The company's net profit is expected to grow by 28.55% to 50.91%, indicating improved profitability in its main business, along with a cash dividend of 0.12 yuan per share [2] - The main products of Anfu Technology are alkaline batteries and carbon batteries, with alkaline batteries accounting for 83.08% of revenue, benefiting from the growing demand in the electronic device market [2] - There has been a notable inflow of institutional funds into Anfu Technology, contributing to the stock price surge, with potential positive technical signals such as a MACD golden cross attracting more investor attention [2]

Core Viewpoint - The adjustment of export tax rebate policies for battery products is expected to optimize the industry landscape in the long term, benefiting leading companies with technological, scale, and brand advantages [1] Company Strategy - The company primarily exports alkaline batteries and plans to negotiate pricing with overseas clients and strengthen cost control to stabilize the profitability of its export business in response to policy changes [1] - The company is actively promoting international capacity layout and has established cooperation with key overseas clients to implement capacity construction in relevant regions, while also planning more overseas capacity projects to enhance global supply chain resilience and localized supply capabilities [1]

Core Viewpoint - The company, Zhejiang Yema Battery Co., Ltd., is experiencing growth in its operations, particularly in the development and production of high-performance, environmentally friendly zinc-manganese batteries, benefiting from the depreciation of the RMB and the integration of the Yangtze River Delta region [2][3]. Group 1: Company Performance - In 2024, the company accelerated its new product development process, with the production line for button-type lithium batteries completed and operational [2]. - The company reported that 88.30% of its revenue comes from overseas, benefiting from the depreciation of the RMB [3]. - For the period from January to September 2025, the company achieved operating revenue of 1.028 billion yuan, a year-on-year increase of 8.15%, while net profit attributable to the parent company was 54.656 million yuan, a decrease of 53.24% year-on-year [7]. Group 2: Financial Analysis - The stock price of Yema Battery increased by 2.20% on January 15, with a trading volume of 254 million yuan and a turnover rate of 4.10%, bringing the total market capitalization to 6.181 billion yuan [1]. - The average trading cost of the stock is 24.73 yuan, with recent buying activity observed, although the strength of this accumulation is weak [6]. - The main net inflow of funds today was 8.4089 million yuan, accounting for 0.03% of the total, indicating a lack of significant trends in main funds [4][5].

Group 1 - Anfu Technology's stock increased by 5.02% to 51.84 CNY per share, with a trading volume of 587 million CNY and a turnover rate of 5.51%, resulting in a total market capitalization of 13.366 billion CNY [1] - Anfu Technology, established on May 7, 1999, and listed on August 22, 2016, specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries [1] - The company's main business revenue composition includes: alkaline batteries 83.08%, carbon batteries 7.88%, other batteries 4.51%, other products 4.35%, and others (supplementary) 0.18% [1] Group 2 - Fuyong Fund has a significant holding in Anfu Technology, with Fuyong Fuxin Mixed A (004794) holding 1,500 shares, accounting for 4.97% of the fund's net value, ranking as the seventh largest holding [2] - The fund has achieved a year-to-date return of 13.65%, ranking 388 out of 8,840 in its category, and a one-year return of 18.46%, ranking 5,498 out of 8,094 [2] - Fuyong Fuxin Mixed A was established on February 13, 2018, with a latest scale of 388.7 million CNY and has experienced a cumulative loss of 0.25% since inception [2]

Group 1 - The core point of the news is that Anhui Anfu Battery Technology Co., Ltd. experienced a stock price increase of 5.02%, reaching 51.84 CNY per share, with a total market capitalization of 13.366 billion CNY [1] - The company specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries, with its main business revenue composition being: alkaline batteries 83.08%, carbon batteries 7.88%, other batteries 4.51%, other products 4.35%, and others 0.18% [1] Group 2 - According to data from the top ten heavy stocks of funds, Everbright Prudential Fund holds a significant position in Anhui Anfu Technology, with the Everbright Prudential Research Selected Mixed A Fund (008313) holding 59,300 shares, accounting for 3.2% of the fund's net value [2] - The Everbright Prudential Research Selected Mixed A Fund has a total scale of 79.1912 million CNY and has achieved a year-to-date return of 3.06%, ranking 4923 out of 8840 in its category, while its one-year return is 47.72%, ranking 2184 out of 8094 [2]

Group 1 - Anfu Technology's stock increased by 5.02% to 51.84 CNY per share, with a trading volume of 587 million CNY and a turnover rate of 5.51%, resulting in a total market capitalization of 13.366 billion CNY [1] - Anfu Technology, established on May 7, 1999, and listed on August 22, 2016, specializes in the research, production, and sales of high-performance environmentally friendly zinc-manganese batteries [1] - The company's main business revenue composition includes: alkaline batteries 83.08%, carbon batteries 7.88%, other batteries 4.51%, other products 4.35%, and others (supplement) 0.18% [1] Group 2 - The fund "Puyin Ansheng Elegant Life Mixed A" (519113) holds 100,000 shares of Anfu Technology, accounting for 3.64% of the fund's net value, making it the sixth-largest holding [2] - The fund has a total scale of 117 million CNY, with a year-to-date return of 3.67% and a one-year return of 8.82% [2] - Since its inception, the fund has achieved a return of 189.52% [2] Group 3 - The fund manager, Chu Yanhui, has a tenure of 11 years and 207 days, with a total asset scale of 573 million CNY and the best fund return of 172.9% during the tenure [3] - The co-manager, Lin Weiqiang, has a tenure of 196 days, with a total asset scale of 253 million CNY and the best fund return of 11.12% during the tenure [3]