（原标题：无锡"草根"工程师，打造千亿新能源"卖铲人"） 21世纪经济报道记者费心懿 2025年9月的A股市场，掀起了固态电池热。 这波搅动行业的浪潮背后，一家来自无锡的上市公司尤为亮眼——先导智能（300450.SZ）在一个月内股价暴涨80%，从8月28日的收盘价29.59元/ 股，一路涨至10月10日收盘价54.79元/股，最新市值高达858.1亿元。其间公司市值更一度突破千亿元，并两度公告股票交易异常波动。 按照在上市公司29.31%的持股比例，公司创始人王燕清目前身价已超251亿元。 作为率先实现固态电池整线解决方案交付的设备企业，其亦有望率先受益于固态电池产业化前夜的业绩突破。 不过，面对荣耀和财富，王燕清却非常清醒。 此前他就对员工说："别被股价冲昏头，真正的比赛，2030年才开始。" 这家新能源设备企业的掌门人王燕清，是从无锡桃农家庭走出的工程师。 他用26年时间，将公司从一间150平方米的"仓库工厂"发展为如今覆盖锂电、光伏、氢能的全球新能源装备的"千亿帝国"。 20多年前，全球锂电市场份额近乎被日韩等外资企业垄断。但在今天，我国已在全球锂电的核心供应链占据优势地位。中国锂电产业从追赶到领 先 ...

10月9日，奥特维盘中上涨2.14%，截至09:47，报51.16元/股，成交1.10亿元，换手率0.70%，总市值 161.25亿元。 资金流向方面，主力资金净流出650.23万元，特大单买入563.55万元，占比5.11%，卖出743.70万元，占 比6.75%；大单买入2282.53万元，占比20.71%，卖出2752.61万元，占比24.97%。 分红方面，奥特维A股上市后累计派现18.84亿元。近三年，累计派现16.27亿元。 机构持仓方面，截止2025年6月30日，奥特维十大流通股东中，香港中央结算有限公司位居第六大流通 股东，持股361.85万股，相比上期增加67.82万股。南方中证500ETF（510500）退出十大流通股东之 列。 责任编辑：小浪快报 资料显示，无锡奥特维科技股份有限公司位于江苏省无锡新吴区新华路3号，成立日期2010年2月1日， 上市日期2020年5月21日，公司主营业务涉及高端智能装备的研发、设计、生产和销售。主营业务收入 构成为：光伏设备78.86%，改造及其他主营业务13.61%，锂电设备5.20%，半导体2.13%，其他(补 充)0.19%。 奥特维所属申万行业为： ...

倒计时41天 2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 英联复合集流体、逸飞激光、华视集团、欧科工业空调 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 近期，中国锂电设备企业海外"爆单"的趋势愈发明显，不仅体现在财务数据上，也反映了全球新能源汽车产业链的深度重构。 9月4日，先惠技术宣布收到一家全球电池行业龙头企业的定点通知，将为其匈牙利电池工厂提供产线项目。 截至2024年末，该公司在手海外订单金额已达20.6亿元人民币，占订单总额的68%；同期，其海外业务毛利率达到30%，显著高于国内市场的约 25%。 市场预计，先惠技术到2025年，海外收入占比将进一步提升至75%。 类似的情形正在多家锂电设备商上演。利元亨接连宣布了其海外业务的新进展：公司成功斩获一家波兰商用车动力电池制造商的订单，同时一条储能 模组PACK生产线已成功出货至捷克。 同期， ...

奥特维今年以来股价涨26.21%，近5个交易日涨13.81%，近20日涨26.05%，近60日涨54.42%。 资料显示，无锡奥特维科技股份有限公司位于江苏省无锡新吴区新华路3号，成立日期2010年2月1日， 上市日期2020年5月21日，公司主营业务涉及高端智能装备的研发、设计、生产和销售。主营业务收入 构成为：光伏设备78.86%，改造及其他主营业务13.61%，锂电设备5.20%，半导体2.13%，其他(补 充)0.19%。 奥特维所属申万行业为：电力设备-光伏设备-光伏加工设备。所属概念板块包括：储能、新能源、锂电 池、太阳能、固态电池等。 9月30日，奥特维盘中上涨2.08%，截至10:14，报52.01元/股，成交1.84亿元，换手率1.14%，总市值 163.93亿元。 资金流向方面，主力资金净流入666.29万元，特大单买入1317.98万元，占比7.18%，卖出1244.03万元， 占比6.77%；大单买入4631.05万元，占比25.21%，卖出4038.72万元，占比21.99%。 截至6月30日，奥特维股东户数1.92万，较上期减少4.86%；人均流通股15207股，较上期增加5.32 ...

Group 1: Federal Reserve and Market Impact - The Federal Reserve's interest rate cuts and the phenomenon of "anti-involution" are contributing to a strong performance in resource stocks, with mining ETFs and precious metal ETFs seeing significant gains [1][2]. Group 2: Precious Metals - Gold prices have reached a new high, surpassing $3,850 per ounce, driven by the Federal Reserve's rate cuts and ongoing risk events. The long-term outlook for gold remains positive due to central bank purchases, de-dollarization, and safe-haven demand [2]. Group 3: Industrial Metals - Ongoing disruptions in overseas copper mines have led to a supply imbalance, with actual copper production falling short of expectations. Limited capital expenditure from copper mining companies is expected to maintain a tight supply-demand balance, potentially pushing copper prices higher [3]. - The Federal Reserve's rate cuts are expected to benefit resource stocks, as lower rates may stimulate economic activity and increase demand for industrial metals like copper and aluminum [3]. Group 4: Energy Metals - The lithium market is recovering, with price increases anticipated due to policy-driven capacity adjustments. The demand for lithium battery equipment is expected to rebound in 2025 as domestic bidding and overseas expansions continue [4]. - The development of solid-state batteries is being driven by a combination of policy support, demand, and technological advancements, indicating a clear trend towards market expansion [4]. Group 5: Storage Demand - Domestic policies are guiding independent storage to become a significant growth engine, while external factors such as tariff delays and subsidy extensions in the U.S. market are creating opportunities for investment [6]. - In Europe, the demand for industrial storage is expected to grow as inventory depletion nears completion, and emerging markets are also seeing increased demand for energy storage driven by renewable energy initiatives [7]. Group 6: Investment Opportunities in Mining Sector - Mining ETFs have shown substantial year-to-date gains, with the mining ETF (561330) up over 70%, the non-ferrous 60 ETF (159881) up over 60%, and the gold stock ETF (517400) up over 80% as of September 30 [8].

Group 1: Wind Power Industry - The wind power industry is entering a performance realization period, with expectations for comprehensive performance release in the second half of the year [1] - The industry is anticipated to enter a new upward cycle during the "14th Five-Year Plan" period, driven by offshore wind power, export markets, and onshore wind power [1] - By 2025, three major catalysts are expected: the initiation of deep-sea offshore wind power, accelerated exports, and recovery in wind turbine profitability [1] Group 2: Energy Storage and Hydrogen Industry - Independent energy storage market growth is supported by domestic policies, with strong demand for large-scale storage in Europe and emerging markets [2] - The hydrogen industry is accelerating across the entire value chain, with reduced financing difficulties and ongoing support for new technology development [2] - Key focus areas include hydrogen production, storage and transportation, and hydrogen applications [2] Group 3: Lithium Battery Industry - The lithium battery supply chain is experiencing a surge in orders due to strong demand from both the energy storage sector and the booming electric vehicle market [3] - The market is witnessing a significant increase in procurement willingness and order volume from terminal enterprises, driven by the peak consumption season for new energy vehicles [3] - There is a strong sentiment among related companies to raise prices, with actual transaction prices gradually increasing [3] Group 4: Large-Scale Energy Storage - Large-scale energy storage demand is expected to exceed expectations, with projected growth of around 30% over the next two years [4] - The overseas market, particularly in Europe and the Middle East, is experiencing a strong surge in demand for large-scale energy storage [4] - The global installed capacity of energy storage is expected to grow at a compound annual growth rate of 30% to 50% from 2025 to 2028 [4] Group 5: Solid-State Battery Industry - The industrialization process of solid-state batteries is accelerating, with several automakers planning to adopt full solid-state batteries around 2027 [5] - The establishment of pilot production lines and the restart of lithium battery expansion cycles are expected to improve the fundamentals of equipment companies [5] - There are opportunities for resonance between industry cycles and technological advancements, with a focus on upstream equipment companies and leading lithium battery equipment firms [5] Group 6: Renewable Energy Development - The renewable energy sector, primarily wind and solar power, is projected to have nearly 2 billion kilowatts of new capacity from 2025 to 2035 [6] - The construction of large wind and solar bases is accelerating, with steady progress in deep-sea wind power and distributed wind power [6] - The industry is expected to achieve long-term growth driven by "dual carbon" goals, with continued optimism for opportunities in the renewable energy sector [6]

9月29日，奥特维涨5.39%，截至发稿，报53.20元/股，成交3.30亿元，换手率2.04%，总市值167.68亿 元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，无锡奥特维科技股份有限公司位于江苏省无锡新吴区新华路3号，成立日期2010年2月1日， 上市日期2020年5月21日，公司主营业务涉及高端智能装备的研发、设计、生产和销售。主营业务收入 构成为：光伏设备78.86%，改造及其他主营业务13.61%，锂电设备5.20%，半导体2.13%，其他(补 充)0.19%。 从基金十大重仓股角度 责任编辑：小浪快报 数据显示，鹏华基金旗下1只基金重仓奥特维。鹏华新能源精选混合A（011956）二季度持有股数45.76 万股，与上期相比持股数量不变，占基金净值比例为1.81%，位居第十大重仓股。根据测算，今日浮盈 赚取约124.46万元。 鹏华新能源精选混合A（011956）成立日期2021年7月21日，最新规模4.49亿。今年以来收益41.94%， 同类 ...

Company Overview - Aotewei Technology Co., Ltd. is located at No. 3, Xinhua Road, Xinwu District, Wuxi, Jiangsu Province, established on February 1, 2010, and listed on May 21, 2020 [1] - The company's main business involves the research, design, production, and sales of high-end intelligent equipment, with revenue composition as follows: photovoltaic equipment 78.86%, transformation and other main businesses 13.61%, lithium battery equipment 5.20%, semiconductor 2.13%, and others 0.19% [1] Financial Performance - As of June 30, 2025, Aotewei reported operating revenue of 3.379 billion yuan, a year-on-year decrease of 23.50%, and a net profit attributable to shareholders of 308 million yuan, a year-on-year decrease of 60.00% [2] - Cumulative cash dividends since Aotewei's A-share listing amount to 1.884 billion yuan, with 1.627 billion yuan distributed over the past three years [3] Stock Market Activity - On September 25, Aotewei's stock price decreased by 2.00%, trading at 49.39 yuan per share, with a total market capitalization of 15.568 billion yuan [1] - Year-to-date, Aotewei's stock price has increased by 18.41%, with a 1.22% decline over the last five trading days, a 19.44% increase over the last 20 days, and a 47.48% increase over the last 60 days [1] - As of June 30, 2025, the number of Aotewei shareholders is 19,200, a decrease of 4.86% from the previous period, with an average of 15,207 circulating shares per person, an increase of 5.32% [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 3.6185 million shares, an increase of 678,200 shares from the previous period [3] - The Southern CSI 500 ETF has exited the list of the top ten circulating shareholders [3]

Investment Rating - The industry investment rating is "Strongly Outperform" [2] Core Viewpoints - The capital expenditure of battery manufacturers is recovering, indicating a new round of expansion in lithium battery equipment [2] - From 2024 to 2030, the global demand for power batteries is expected to grow at a CAGR of approximately 25%, while energy storage batteries are projected to grow at a CAGR of about 29% [14][18] - The demand for global power and energy storage batteries is expected to increase from 209 GWh in 2020 to 5,154 GWh by 2030, with a CAGR of 26.5% from 2024 to 2030 [20] Summary by Sections 1.1 Capacity Utilization of CATL - CATL's capacity utilization has recovered to 90% in the first half of 2025, compared to 83%, 70%, and 76% in 2022, 2023, and 2024 respectively [4][6] 1.2 Capital Expenditure of CATL - CATL's capital expenditure has shown a significant recovery since Q4 2024, with H1 2025 reaching 20.2 billion yuan, a year-on-year increase of 46% [7][10] 1.4 Demand Side: Global Power Battery Growth - The global power battery shipment is expected to grow from 182 GWh in 2020 to 3,754 GWh by 2030, with a CAGR of 25.3% from 2024 to 2030 [17] 1.5 Equipment Space for CATL's Expansion - By the end of 2027, CATL is expected to have a capacity gap of approximately 300-600 GWh, corresponding to a value space of 40-70 billion yuan in the equipment sector [22] 1.6 Contract Liabilities of Major Lithium Battery Equipment Companies - The contract liabilities of major lithium battery equipment companies have shown a significant recovery in H1 2025, exceeding previous high points [29] 1.8 Profitability of Equipment Companies - The profitability of major lithium battery equipment companies is in a recovery phase, with net profit margins and gross profit margins showing signs of improvement [38] 1.9 Investment Recommendations - Recommended companies to focus on include Lianying Laser, Yinghe Technology, XianDao Intelligent, Haimeixing, Xianhui Technology, Honggong Technology, and MannsTech [41]

Core Viewpoint - The mechanical industry is experiencing varied growth rates across different segments, with nuclear power and service robots showing high growth, while other sectors like lithium battery and boiler equipment are stabilizing after declines [1][2]. Revenue and Profit Growth - In Q1 and Q2 of 2025, the mechanical sector's revenue growth was +9.1% and +6.9% year-on-year, while net profit growth was +18.2% and +14.3% respectively [2]. - High growth segments include nuclear equipment (+67.8%/+18.1%) and service robots (+58.2%/+56.2%) [2]. - Other segments like machine tools (+0.9%/+10.8%), laser processing (+12.2%/+21.5%), and shipbuilding (+9.8%/+35.4%) are accelerating [2]. - Lithium battery equipment showed a decline in Q1 (-9.7%) but rebounded in Q2 (+15.9%), while boiler equipment also saw a significant recovery from a decline of -12.4% in Q1 to +36.6% in Q2 [2]. Gross Margin Analysis - The overall gross margin in the mechanical sector remains stable, with notable increases in plastic processing (+3.5 percentage points) and forklifts (+1.3 percentage points) [3]. - Significant declines in gross margin were observed in sectors like photovoltaic equipment (-3.5 percentage points) and lithium battery equipment (-3.2 percentage points) [3]. - On a quarter-on-quarter basis, most sectors maintained or improved their gross margins, with instruments and mining metallurgy showing notable increases [3]. Valuation Insights - Among 24 sub-sectors in the mechanical industry, five are valued below the 50th percentile, including railway transportation equipment (15.0%) and 3C equipment (18.7%) [4]. - Several sectors are valued between the 50th and 90th percentiles, such as engineering machinery (54.9%) and oil and gas equipment (63.3%) [4]. - The remaining sectors are valued above the 90th percentile, indicating a diverse valuation landscape within the industry [4]. Investment Recommendations - The mechanical sector's specialized equipment segments are recommended for investment, focusing on areas such as lithium battery equipment recovery, 3C equipment demand driven by innovation, humanoid robots in application, and the growth of export demand in domestic manufacturing [4].