美的集团 202509004 素，以及欧美经历了 2024 年的补库周期后可能进入放缓阶段。这些因素都需 要进一步观察与分析，以评估其对未来业绩表现可能带来的影响。 摘要 美的集团 B 端业务规模显著增长，2025 年第二季度收入达 323 亿元， 占总收入约 25%，同比增长 16.6%，超过 C 端家电业务的 9.3%。楼 宇科技、工业技术和机器人业务分别增长 25%、15%和高个位数。 美的在新能源领域取得突破，通过收购实现集装箱式储能系统的大规模 商用，并在核电商业循环水泵国产化应用中取得先例。楼宇科技板块提 供整体解决方案，离心机组市场占有率超 10%-15%，商用多联机国内 市占率超 28%。 市场对美的内销高基数和海外市场放缓存在担忧。预计 2026 年内销市 场可能下滑，但公司可通过经营蓄水池平滑影响。海外市场需进一步观 察，评估抢出口因素和欧美补库周期结束的影响。 美国房地产市场面临供给缺口，高利率压制成交量但房价持续攀升。一 旦利率下行，原有屋主可能更愿意出售房产，带动房地产市场复苏，并 推动相关行业进入上升周期。预计 2025 年美国需求将经历从补库存到 真实需求增长的切换。 Q&A 美 ...

【文/观察者网 潘昱辰 编辑/高莘】据韩联社报道，韩国动力电池制造商SK on于9月4日表示，已与美国 可再生能源企业Flatiron Energy Development签署集装箱式储能系统供应合同，总容量1GWh，并将在当 地生产磷酸铁锂电池，正式进军北美市场。 根据协议，SK on将从2026年起为Flatiron推进的马萨诸塞州项目提供装载磷酸铁锂电池的集装箱式储能 系统，从下半年起批量生产用于制造储能系统的磷酸铁锂电池，其位于美国佐治亚州的电池厂部分动力 电池生产线将转换为储能系统生产线，以满足客户需求。 SK on 韩联社 此外，SK on还获得Flatiron到2030年推进的总容量6.2GWh规模项目的优先谈判权。经双方协商，SK on 在2026—2030年期间供应至多7.2GWh的储能系统产品。 业界推测，若SK on向Flatiron供应的储能系统容量达到7.2GWh，其订单价值将高达2万亿韩元（约合人 民币102.6亿元）。 SK On集装箱式储能柜韩联社 截至2024年底，美国能源信息署（EIA）统计显示有457个大规模电池储能项目正在筹备中，总规模超 过60GW；预计2025年美国 ...

Core Viewpoint - Brazil's energy storage industry is on the verge of explosive growth, driven by the implementation of regulatory frameworks and increasing demand for solar energy storage solutions [2][3]. Group 1: Market Overview - Brazil's solar power generation is expected to increase its share in the total energy mix from 22.2% at the end of 2024 to 32.9% by 2029, with installed capacity rising from 51.7 GW to 88.2 GW, a net increase of 36.5 GW [2]. - The Brazilian Energy Storage Association (ABSAE) predicts that the solar energy storage sector will attract approximately 44 billion Brazilian Reais (around 8.46 billion USD) in investments by 2030, with off-grid systems, grid-level projects, and commercial/industrial storage each accounting for one-third of total investments [2]. - In 2024, battery storage demand in Brazil surged by 89%, with some regions experiencing over 190 hours of power outages annually, highlighting the urgent need for storage solutions among households and agricultural users [2]. Group 2: Regulatory and Policy Environment - The urgency of integrating battery storage systems into Brazil's electricity structure was emphasized by Rodrigo Sauaia, Executive Chairman of the Brazilian Solar Energy Association (ABSOLAR), noting that approximately 1 billion Brazilian Reais of renewable energy in the Northeast market remains unused due to a lack of infrastructure and planning [3]. - The development of storage solutions is currently hindered by pending regulatory policies, but the market is expected to flourish once these policies are established [3]. Group 3: Company Developments - CATL showcased its TENER Stack, a 9MWh modular energy storage system that improves land use efficiency by 45% and energy density by 50% compared to traditional systems [6]. - Trina Solar presented its Elementa series, which combines components, brackets, and storage to address grid stability challenges in Latin America, with a total shipment of 9 GW in Brazil and 19 GW in Latin America [10]. - Risen Energy introduced its Risen Sunease system and Risen Stack1, emphasizing safety and rapid deployment capabilities [12]. - Kehua Tech displayed its 1500V energy storage solution, designed to operate reliably in diverse climatic conditions across South America [15]. - Sungrow launched its integrated solar-storage solutions, addressing the structural electricity shortages in Brazil [17]. Group 4: Strategic Collaborations - During the exhibition, several companies, including Sungrow and DONG Energy, signed strategic cooperation agreements with local renewable energy firms to deepen collaboration in the storage sector [20].

Group 1 - The core point of the news is that Jinshi Technology is accelerating the divestiture of idle assets by transferring 100% equity of its wholly-owned subsidiary, Hunan Jinshi Technology Co., Ltd., with a starting price of 405 million yuan [1][2] - The divestiture is aimed at optimizing resource allocation, reducing the burden on the listed company, and recovering funds to support future development [2] - Hunan Jinshi, primarily engaged in packaging and printing business, will cease operations due to the infeasibility of its production base project, leading to a projected revenue of 0 for 2024 and Q1 2025, with net losses of 14.58 million yuan and 4.30 million yuan respectively [1] Group 2 - Jinshi Technology has been transitioning from traditional tobacco label printing to new energy sectors, including the acquisition of Sichuan Qianye Technology Co., Ltd. in 2024, focusing on energy storage and fire safety systems [3] - The company has successfully completed the sale of another subsidiary, Sichuan Jinshi Printing Co., Ltd., for 300 million yuan, furthering its strategy to divest traditional businesses [3] - The company reported a significant revenue increase in 2024, achieving 376 million yuan, a tenfold year-on-year growth, while reducing net losses to 439,700 yuan [3] Group 3 - For the first half of the year, Jinshi Technology expects revenue between 206 million yuan and 279 million yuan, continuing its rapid growth, with net losses projected between 24.68 million yuan and 18.24 million yuan [4] - The growth in revenue is attributed to the strategic shift towards the new energy storage business, enhanced market development, and increased order fulfillment capabilities [4]

Core Viewpoint - The article highlights the strategic partnership between Envision Energy and FERA Australia, marking a significant step in the development of renewable energy projects in Australia, particularly in the wind and energy storage sectors [1][3][4]. Group 1: Partnership Details - Envision Energy has signed a cooperation agreement with FERA Australia to develop a large-scale renewable energy project with a total capacity of 1GW wind power and 1.5GWh energy storage [4][5]. - This partnership was established during the Australian Wind Energy Conference and represents Australia's first "wind-storage linkage" cooperation framework [3][5]. - The initial project will be located in Victoria and will utilize Envision's intelligent wind turbines and proprietary hybrid power plant control technology [5][6]. Group 2: Market Context - Australia is becoming a strategic high ground for global energy storage companies due to its unique policy environment, energy transition needs, and innovative market mechanisms [8][10]. - The Australian government aims to simplify the capacity investment bidding process, reducing the time to determine bidding results from nine months to six months, which is expected to unlock record investments to achieve a renewable energy target of 82% by 2030 [9][10]. - In the first half of 2025, Australia is projected to be the region with the highest number of overseas orders for Chinese companies, accounting for nearly 24% of the total overseas order capacity [11][12].

Core Viewpoint - Jinshi Technology (002951) held its annual shareholder meeting on May 27, 2024, marking its first interaction with investors after the recent removal of its delisting risk, with a focus on its energy storage business and financial recovery efforts [1][4]. Financial Performance - In 2024, Jinshi Technology achieved operating revenue of 376 million yuan, a year-on-year increase of 1008.39%, while net profit was -4.397 million yuan, significantly reducing losses compared to -44.5714 million yuan in 2023 [4]. - The company's energy storage equipment revenue reached 258 million yuan, accounting for 68.70% of total revenue, while revenue from energy storage safety solutions was 114 million yuan, making up 30.24% [4]. Business Strategy and Development - Jinshi Technology is undergoing a strategic transformation from its origins in cigarette packaging to focus on new energy and materials, particularly in energy storage and new material technology [4]. - The energy storage business includes the research, production, and sales of energy storage systems, with products such as distributed liquid-cooled and air-cooled energy storage units [4]. Market Outlook and Challenges - The company reported a stable progress in its energy storage business, with a backlog of orders amounting to approximately 332 million yuan and an additional 308 million yuan in potential orders [5]. - Despite the positive outlook, the company faces challenges such as low gross margins due to high fixed asset depreciation and increased R&D investments [1][5]. Product Development - The company is actively working on its supercapacitor project, with internal usage already initiated and market readiness being awaited [6]. - The R&D of super activated carbon is ongoing, with the product showing promising performance in meeting industry standards [7]. Future Plans - Jinshi Technology aims to enhance its technological capabilities and expand application areas, particularly in data center energy storage solutions [5]. - The company is open to financial investments and cautious about mergers and acquisitions, emphasizing the need for business synergy [8].

Core Viewpoint - *ST Jinshi has successfully transformed its business focus from cigarette label printing to the renewable energy and energy storage sectors, achieving significant revenue growth and operational improvements in 2024 [1][2][4]. Financial Performance - In 2024, the company reported a revenue of 376 million yuan, a year-on-year increase of approximately 10 times, and a net profit attributable to shareholders of -4.397 million yuan, indicating a significant reduction in losses [1]. - For Q1 2025, the company achieved a revenue of 39.52 million yuan, representing a year-on-year growth of 560.65%, while the non-recurring net profit was -12.735 million yuan [1]. Business Transformation - The company has shifted its core business to focus on energy storage and new materials, establishing a diversified business model centered around energy applications, including energy storage device manufacturing and safety solutions [2]. - As of the end of 2024, the energy storage system business generated revenue of 258.18 million yuan, accounting for 68.70% of total annual revenue, while the energy storage safety and firefighting business contributed 113.66 million yuan, or 30.24% of total revenue [2]. Product Development - The company has launched various products, including distributed liquid-cooled and air-cooled energy storage systems, which are applicable in renewable energy generation, grid frequency regulation, and commercial energy storage [3]. - In the supercapacitor segment, the company is developing superactive carbon materials and supercapacitor products for applications in new energy vehicles, rail transit, and power systems [3]. Regulatory Actions - The company has submitted an application to the Shenzhen Stock Exchange to revoke its delisting risk warning, citing improved operational conditions and compliance with the standards for revocation [4]. - The approval of this application is pending review by the exchange, and the company emphasizes the importance of monitoring the review process and potential investment risks [4].