证券研究报告 | 行业周报 2025 年 08 月 20 日 电力设备及新能源 本周电解槽招投标项目持续新增，氢能重卡获小批量订单 行情回顾：截至 2025 年 8 月 15 日，氢能源指数收盘价为 2386.88 点，本 周涨跌幅为 2.75%，2025 年初至今涨跌幅为 34.33%。氢能行业周涨幅前 五的公司为大元泵业、腾龙股份、凯美特气、佛燃能源、川环科技，涨幅 分别为 61.11%、35.05%、34.73%、28.72%、27.58%；氢能行业周跌幅 前五的公司为东华能源、西菱动力、新迅达、山东墨龙、华电辽能，跌幅 分别为-11.49%、-6.65%、-5.75%、-5.59%、-5.48%。 重点事件点评：吉利醇氢商用车现场签单 270 台；华电 195 公里氢气长输 管道工程项目计划 9 月 5 日开工；首钢京唐成功研发出输氢管线钢产品矩 阵；阿曼宣布新的氢能财政激励措施；能源巨头 ACWA 计划在砂拉越开发 千兆瓦规模绿氢项目；沃尔沃集团墨西哥建设氢能重卡生产基地；氢能作 为燃料（能源）可抵税；398 批《道路机动车辆生产企业及产品公告》重 现氢能乘用车；贵州省工业和信息化厅印发《贵州省先进 ...

Core Insights - Baogang Co., Ltd. has successfully completed the production and delivery of 1,000 tons of new high-strength, easy-welding container steel for compressed air energy storage power stations, marking its first batch production in this area [1][3] Company Developments - The new steel is designed to withstand high pressure and frequent charging and discharging cycles, requiring properties such as high strength, fatigue resistance, corrosion resistance, and good weldability [3] - The technical sales team of Baogang Co., Ltd. identified the steel requirements for a key customer's energy storage project and quickly developed a new quality plan and production scheme to meet the challenges of tight delivery timelines and large contract volumes [3][4] - The production process involved small batch trials, process optimization, and mass production, with the entire delivery completed in just 23 days [3][4] Industry Context - Baogang Co., Ltd. is strategically positioning itself in the renewable energy sector, focusing on wind, solar, storage, and hydrogen as core products, with wind power steel products leading in the domestic market [4] - The successful delivery of the new high-strength container steel opens a new market segment for energy storage materials, which is crucial for the development of renewable energy [4][5] - As of May 2025, the total installed capacity of renewable energy in Inner Mongolia is expected to reach 14,309 MW, accounting for 52% of the region's total power capacity, highlighting the growing importance of energy storage systems to stabilize power supply [4][5]