中创新航最新发布的2025年半年度报告显示，公司盈利能力正显著增强。 在收入同比增长31.7%至164.19亿元人民币的同时，期内利润飙升80.4%，达到7.53亿元；毛利 率则环比提升近2个百分点至17.5%。 利润增速远超营收增速，体现出中创新航在行业价格竞争加剧背景下的逆周期增长与成本管控能 力。 而这主要得益于其大圆柱电池与5C超快充两款关键电池产品，不断释放规模效应与技术红利 十分值得注意的是，中创新航高功率磷酸铁锂R46大圆柱电池已在混动市场实现首家量产，主要客 户为吉利汽车、东风汽车。 吉利汽车的销量数据为中创新航大圆柱电池的订单规模提供了佐证。 吉利旗下银河星耀8是一款搭载中创新航8.5kWh大圆柱电池的中大型插电混动轿车，该车型于今 年5月上市，当月销量即达到10,187辆。其后在6月和7月的销量分别为8439辆和10100辆。 稳定的万辆级月销，使吉利成为中创新航大圆柱电池的首个大规模应用客户。这不仅验证了中创新 航从低电量混动场景切入大圆柱市场的策略，即利用该技术的低制造成本和高功率特性满足混动车 型的需求，也为大圆柱电池这一标准化产品后续的快速市场扩张奠定了基础。 此外，吉利银河A7的 ...

Core Viewpoint - The 2025 Shenzhen International Battery Technology Exhibition (CIBF) showcases over 3000 exhibitors, highlighting advancements in battery technology across the entire industry chain, focusing on eight core technological directions [2]. Group 1: Solid-State Batteries - Solid-state batteries are seen as the ultimate solution to energy density and safety challenges, with over 20 companies competing in this area, indicating a shift from sample demonstrations to large-scale production [4]. - Full solid-state batteries replace traditional electrolytes with solid electrolytes, significantly enhancing safety and energy density, with companies like Guoxuan High-Tech achieving energy densities of 300Wh/kg, a 20%-50% improvement over mainstream lithium batteries [5]. - CATL is advancing both oxide and sulfide solid-state battery technologies, with energy densities of 280Wh/kg and plans for mass production by 2026 [5][6]. Group 2: Sodium-Ion Batteries - Sodium-ion batteries are emerging as a low-cost alternative due to abundant sodium resources, with over 30 companies showcasing second-generation sodium battery technologies that achieve a 30% cost reduction and a 20% performance improvement [10]. - CATL's second-generation sodium-ion battery has an energy density of 160Wh/kg and costs below 0.4 yuan/Wh, with a cycle life exceeding 5000 times [11]. Group 3: Fast Charging and Smart Equipment - Fast charging technologies and smart manufacturing equipment are critical for addressing range anxiety in electric vehicles, with advancements leading to a "10-minute refueling era" [14]. - CATL's "Shenxing PLUS" battery supports a 10-minute charge for an additional 600km range, while BYD's upgraded blade battery achieves a 10-minute charge for 400km [16]. Group 4: Multi-Material Development - Material innovation remains a key theme, with breakthroughs in composite copper foils and new separator materials enhancing battery performance [20]. - Composite copper foils are being developed to improve safety and energy density, with companies like Putailai showcasing ultra-thin foils that reduce internal resistance by 15% [21]. Group 5: Full-Scene Applications - The battery technology landscape is expanding from single energy supply to full-scene energy coverage, with specialized batteries for commercial vehicles and eVTOLs [28]. - Commercial vehicle batteries are designed for high durability and efficiency, with companies like CATL and Ruipu showcasing batteries with cycle lives exceeding 8000 times [29]. Group 6: Lithium Metal Batteries - Lithium metal batteries are positioned as the next generation of high energy density technology, with companies focusing on suppressing lithium dendrite growth and enhancing interface stability [34]. - Multi-Flor's fluorine-based electrolyte technology improves cycle life to 500 cycles, while WeiLan's lithium metal battery achieves an energy density of 450Wh/kg [35]. Group 7: Battery Recycling Technology - Battery recycling is crucial for sustainable development, with companies showcasing technologies for high-value recovery of metals like lithium, nickel, and cobalt [36]. - GreenMei's dual-mode recycling system achieves over 95% lithium recovery and 98% nickel-cobalt-manganese recovery, enhancing the efficiency of battery recycling processes [37]. Conclusion - The CIBF 2025 exhibition illustrates a transformative future for the battery industry, emphasizing high performance, low costs, and sustainable practices across various applications [39].