根据市场公开信息及8月15日披露的机构调研信息，知名私募兆石投资近期对1家上市公司进行了调研， 相关名单如下： 1）南都电源 （杭州兆石投资参与公司特定对象调研） 公司自2018年3月正式并入凯银控股，组建了优秀的证券私募基金管理团队，为高净值客户及机构提供 证券类资产管理服务。兆石投资始终将客户利益放在首位，通过大类资产宏观分析、细分资产精确测 算，为投资人创造稳健、可持续的投资回报。xa0目前主要运行的产品线为：类固收系列，CTA系列， 股票多头系列 。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 调研纪要：南都电源成立于1994年，专注储能领域，提供锂离子电池和铅电池为核心的系统化产品及服 务，覆盖全球160多个国家和地区。2025年上半年，公司营业收入约39.23亿元，同比下降18亿，归母净 利润约-2.3亿元，二季度单季度盈利约3400万元，经营活动现金净流量5.9亿元。二季度扭亏为盈得益于 深耕全球储能市场，获得高毛利率订单，数据中心市场业务规模快速增长，中标多个重大项目。公司现 有锂电电芯产能10GWh，新型电力储能 ...

"从容投资"成立于2007年11月，是国内抗风险经验最丰富的增长型私募证券基金公司，公司荣获10次私 募金牛大奖，擅长管理运作全天候基金和医疗股票基金；从容全天候基金配置股票、债券、股指期货、 贵金属等多类型资产，风险分散，增长点多。从容全天候基金净值曲线通常呈现"台阶式上涨"的优异特 征。从容医疗股票基金的优势在于将医疗健康行业这个机会多多的黄金赛道和价值投资方法相结合，成 为价值医疗投资方法。"从容投资"旗下主体包括"上海从容投资管理有限公司"、"上海从容投资顾问中 心（有限合伙）"以及"上海从容投资中心（有限合伙）"，管理规模（含海外）总计68亿元。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 1）南都电源 （从容投资参与公司特定对象调研） 调研纪要：南都电源成立于1994年，专注储能领域，提供锂离子电池和铅电池为核心的系统化产品及服 务，覆盖全球160多个国家和地区。2025年上半年，公司营业收入约39.23亿元，同比下降18亿，归母净 利润约-2.3亿元，二季度单季度盈利约3400万元，经营活动现金净流量5.9亿元。二季 ...

公司成立于2009年，并于2016年正式更名为上海开思股权投资基金管理有限公司。公司取名"开思"，源 自于公司理念"保持简单、追求卓越"(Keepit simple, Striving forexcellence)，旨在在投资时保持简单专 注，只在公司能力圈内投资可以理解的好公司，并努力为投资人追求卓越的长期回报。公司拥有一支对 研究公司及股票投资有执着热情的专业团队,专注于投资在香港上市的中国公司。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 根据市场公开信息及8月15日披露的机构调研信息，知名私募开思基金近期对1家上市公司进行了调研， 相关名单如下： 1）南都电源 （开思基金参与公司特定对象调研） 调研纪要：南都电源成立于1994年，专注储能领域，提供锂离子电池和铅电池为核心的系统化产品及服 务，覆盖全球160多个国家和地区。2025年上半年，公司营业收入约39.23亿元，同比下降18亿，归母净 利润约-2.3亿元，二季度单季度盈利约3400万元，经营活动现金净流量5.9亿元。二季度扭亏为盈得益于 深耕全球储能市场，获得高毛利 ...

Financial Performance - The company's total revenue for the first half of 2025 was 3.923 billion yuan, a decrease of 31.67% year-on-year [1] - The net profit attributable to shareholders was -232 million yuan, a decline of 225.48% year-on-year [1] - The gross profit margin was 10.95%, an increase of 7.84% year-on-year, while the net profit margin was -6.24%, a decrease of 298.27% year-on-year [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 438 million yuan, representing 11.17% of total revenue, an increase of 49.92% year-on-year [1] - The company reported a significant increase in operating cash flow per share to 0.66 yuan, up 230.07% year-on-year [1] Business Operations - The company is undergoing a strategic transformation, leading to a reduction in production in the lead recycling segment, which contributed to the revenue decline [3] - The company has a history of weak financial performance, with a median Return on Invested Capital (ROIC) of 3.41% over the past decade, indicating a fragile business model [4] - The company has been focusing on capital expenditures to drive its business, which raises concerns about the sustainability of its financial health [5] Industry Position - The company has over 30 years of experience in energy storage, initially starting in the telecommunications energy storage sector and expanding into battery manufacturing [7] - It ranks third in global market shipments for new electric power storage systems in 2024 and second among Chinese companies for battery shipments to data centers and communication bases [7] - The company has established a strong international presence, with subsidiaries in key regions across four continents and a commitment to technological innovation [7]

Company Overview - South Power has 30 years of experience in energy storage, initially starting in the communication storage sector and now focusing on lithium-ion and lead batteries for various applications [1][2] - The company has established a presence in over 160 countries and regions, with significant market positions in new power storage and data center communication storage [2] Financial Performance - In the first half of 2025, the company reported revenue of approximately CNY 3.923 billion, a decrease of CNY 1.8 billion year-on-year, primarily due to strategic transformation and reduced production in the recycled lead sector [3][4] - The net profit attributable to shareholders was approximately -CNY 230 million, compared to CNY 185 million in the same period last year, but the company achieved a turnaround in Q2 with a profit of approximately CNY 34 million [3][4] Business Contributions - The main contributors to the profit in Q2 were the deepening of global partnerships in the energy storage market and the expansion of the data center market, leading to high-margin orders [5] - The company has completed its strategic transformation by the end of 2024, enhancing customer and product structures [5] Production Capacity - Current production capacity includes 10 GWh for lithium battery cells and 10 GWh for new power storage integration [6] - Ongoing projects include the construction of a 4 GWh lithium battery cell production line and a 10 GWh integration line [6] Technological Innovations - The company has developed large-capacity iron-lithium storage cells and new liquid-cooled storage systems, with significant advancements in solid-state battery technology [7][11] - The solid-state battery technology has achieved energy densities of up to 350 Wh/kg and has passed multiple safety tests [11] Market Outlook - The company has 7.8 GWh of unfulfilled orders in the large storage market, with 2.3 GWh from overseas markets [8] - In the high-voltage lithium battery sector, the company has secured multiple projects, including significant orders from the U.S. and international data center projects [9] Future Development Strategy - The company aims to focus on customer needs and technological innovation, establishing a dual-driven model of "technology research and market expansion" [12] - Plans include enhancing supply chain management and optimizing operational efficiency to maximize profits while expanding market share [12]

【DT新材料】 获悉，为 打造国际化资本运作平台，给国际化业务的深入发展提供助力，继宁 德时代之后，近日，又有3家涉及固态电池产品的企业密集宣布赴港上市。 （1）星源材质 4月28日，星源材质发布公告，公司拟发行境外上市外资股（H股）股票并申请在香港联合交易 所有限公司主板挂牌上市。 星源材质成立于2003年，是全球锂电池隔膜行业的头部企业。2024年，公司全年实现营收35.41 亿元，同比增长17.52%；实现归母净利润3.64亿元，同比减少36.87%；扣非后归母净利润2.83 亿元，同比减少48.17%。25年一季度实现营收8.89亿元，同比增长24.44%；实现归母净利润 0.47亿元，同比减少56.39%；扣非后归母净利润0.34亿元，同比减少64.66%。 2024年，公司隔膜销售量为398,594.58万㎡，同比增幅57.64%，生产量为404,594.26万㎡，同 比增幅56.25%，库存量为18,063.11万㎡，同比增幅49.73%，主要因销售订单增长所致。 公司持续加大对新技术、新产品的研发投入， 针对功能膜产品加快更新和布局，其中新型交联 复合膜、高安全性聚酰亚胺涂覆隔膜、固态电解质复 ...