新华财经北京12月27日电（记者刘玉龙）26日，"2026·变局创新——方正富邦基金投资策略会"举行， 方正证券研究所副所长燕翔、济安金信集群轮值主席韦洪波，以及方正富邦投研团队共同剖析宏观经济 脉络，探讨前沿产业趋势。 燕翔表示，2026年作为"十五五"规划的开局之年，高质量发展将成为贯穿全年经济工作的主线。经济增 长不再单纯追求速度，而是更加注重质量、效率和可持续性。当前我国高技术制造业、绿色能源、数字 经济等新质生产力领域已形成明显增长动能，装备制造业对工业增长的贡献率持续提升，产业结构正在 向高端化、智能化、绿色化加速演进。 燕翔分析，2025年是中国科技创新成果集中涌现的一年，从商业航天到量子计算，从固态电池到合成生 物，多项"从0到1"的突破正在转化为现实生产力。他预判，2026年科技政策将进一步加码，推动创新链 与产业链深度融合，科技创新不再是实验室里的概念，而是实实在在的增长引擎。 韦洪波从ETF资金流向、基金考核新规、量化私募新变化三大方向预判明年的市场行情。韦洪波称，每 年11-12月，资本市场进入机构布局次年的关键窗口期，ETF资金流向作为"先知先觉"的配置信号， 其"水晶球效应"已成为 ...

记者发现，在锂电池概念中，共有16只湘股，分别为五矿新能、百利科技、金博股份、湖南海利、科力 远、时代新材、湖南裕能、邵阳液压、领湃科技、华自科技、尔康制药、中科电气、威领股份、湘潭电 化、山河智能、*ST生物（南华生物）。 截至12月17日，16只湘股股价相比1月2日收盘价，均有不同程度上涨。其中，涨幅最低的是*ST生物。 该个股1月2日收盘价为8.25元/股，12月17日收盘价为8.43元/股，只能算微涨。 东莞证券研报认为，看好锂电池产业链周期复苏。预计2026年全球新能源汽车销量增速约达17%，全球 动力电池需求同比增长约20%。储能电池方面，2026年全球储能市场将延续高速增长，储能电池需求增 速预计达50%左右，储能电芯供需紧张格局可能将持续至2026年年中。 受益于碳酸锂价格反弹，锂电池概念股今年业绩显著回暖，前三季度归母净利润同比增长26.97%。归 母净利润同比增长的锂电池概念股中，剔除2024年三季报归母净利润不超过1亿元的个股后，5只个股归 母净利润同比增长超100%，国轩高科、道氏技术、中材科技增幅居前，分别达到514.35%、182.45%、 143.24%。 长沙晚报掌上长沙12月 ...

智通财经APP获悉，西部证券发布研报称，国内独立储能经济性显现，需求超预期，欧美及新兴市场大 储需求景气度旺盛，预计26年储能电池需求有望延续高增长。从供需平衡表看，磷酸铁锂等环节26年供 需结构有望明显改善，在行业产能集中化、高端化的趋势下，头部厂商的产能更加紧俏，随着中小产能 逐步退出，涨价预期下行业头部企业盈利有望提升。海外动力电池需求增速迎接拐点，储能电池维持高 需求景气。另外，固态电池产业化三大核心问题有望实现持续突破。 固态电池产业化持续突破 2026年固态电池在"材料体系革新、固-固界面改善、制造工艺优化"三大核心问题上有望持续实现突 破。1)设备端：建议关注先导智能(300450.SZ)、纳科诺尔(920522.BJ)、德龙激光(688170.SH)、锡装股 份(001332.SZ)、微导纳米(688147.SH)；2)材料端：建议关注厦钨新能(688778.SH)、上海洗霸 (603200.SH)、华盛锂电(688353.SH)；3)新技术：锂金属为负极侧长期技术演进方向，建议关注英联股 份(002846.SZ)、天铁科技(300587.SZ)、中一科技(301150.SZ)；氯碘复合固态电 ...

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle starting in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Outlook - By 2025, global lithium battery production is expected to reach 2250 GWh, with a growth rate of 30% in 2026. The energy storage sector is projected to grow even faster at 48.3%, driven by both domestic and international demand [5]. - There is a notable supply gap in the production of battery cells and key materials, making supply chain stability and efficiency crucial for capitalizing on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Battery Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on three main topics: 1. In-depth discussions on cutting-edge technologies and market supply-demand dynamics, featuring forums on key materials for lithium batteries and energy storage [5]. 2. Announcement and award ceremony for the "Top Ten Lithium Battery Material Brands of 2025," evaluated based on shipment volume, market share, and customer reputation [6]. 3. B2B procurement matchmaking to connect top battery manufacturers and material suppliers, enhancing resource matching and reducing procurement costs [7]. Group 3: Key Topics and Speakers - The conference will cover various topics, including the analysis of lithium carbonate fundamentals and supply-demand outlook, advancements in solid-state battery electrolytes, and the development of high-performance materials [9][10]. - Notable speakers include representatives from Tianqi Lithium, Liyang Zhongke, and other leading companies in the lithium battery sector [9].

Core Viewpoint - The establishment of a government investment fund in Dalian, with a total scale of 1 billion yuan, aims to promote investment in the new energy sector, including lithium batteries, photovoltaics, wind energy, energy storage, hydrogen energy, and new energy smart vehicles [1] Group 1: Fund Details - The fund is the largest government investment fund in Dalian, jointly funded by the provincial and municipal governments [1] - Major contributors include the provincial fund, Dalian guiding fund, Taiping Bay Management Committee, and various investment units [1] Group 2: Investment Focus - The fund will focus on new energy industries through a model of "equity investment + industrial cultivation" [1] - It aims to leverage government investment to guide industries, foster innovation, attract investment, and mobilize social capital [1] Group 3: Strategic Goals - The initiative is part of a broader strategy to create a complete new energy industry ecosystem in the Taiping Bay Cooperation Innovation Zone [1] - The fund is expected to support high-quality development in the region by attracting capital, technology, and talent [1]

Group 1: Economic Transformation - The Chinese economy is undergoing a deep structural adjustment driven by a series of government policies and strategic directions over the past few years, focusing on areas like artificial intelligence, new energy, industrial internet, regional collaboration, and consumption upgrades [1][4][8] - The application of artificial intelligence is expanding across various industries, with the market size of China's AI industry expected to exceed 200 billion yuan in 2024, growing at around 40% [4][8] - In the new energy sector, China's installed capacity for renewable energy is projected to reach 1.2 billion kilowatts in 2024, accounting for over 60% of global new installations, indicating a significant shift in the global energy landscape [4][8] Group 2: Industrial Internet and Regional Collaboration - The industrial internet is transforming traditional manufacturing by integrating internet technologies, with the market size expected to reach approximately 200 billion yuan in 2024, involving over 500,000 participating companies [5][8] - Regional collaboration strategies, such as the Yangtze River Economic Belt and Yellow River Basin, aim to break down administrative barriers and enhance resource allocation, potentially leading to higher efficiency and greater output [6][8] Group 3: Consumption Upgrade - Consumption patterns in China are evolving, with consumers increasingly prioritizing quality, health, and personalization over mere price considerations, leading to a faster growth rate in sales of upgraded products like smart home devices and electric vehicles [7][8] - The retail sales growth of consumer goods is moderating, but the structure is improving, with upgraded goods experiencing double-digit growth rates [7][8] Group 4: Long-term Implications - The ongoing adjustments in the economy are not immediate but are part of a long-term process that may take a decade or two to fully materialize, with varying rates of change across different regions [10] - The transformation is expected to enhance individual capabilities, leading to improved overall productivity and a more vibrant domestic market [10]

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle starting in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "dual increase in volume and price + technological leap" pattern [3]. Group 1: Market Outlook - By 2025, global lithium battery production is expected to reach 2250 GWh, with a growth rate of 30% in 2026, and the energy storage sector projected to grow at 48.3%, driven by both domestic and international demand [5]. - There is a notable supply gap in battery cells and various materials, necessitating a stable and efficient supply chain to capitalize on this growth opportunity [5]. Group 2: Conference Details - The 2026 Lithium Battery Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on three core topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, the release of the authoritative 2025 lithium battery brand rankings, and B2B procurement matchmaking [5][6][7]. Group 3: Key Topics and Participants - The main forum will cover lithium carbonate fundamentals and supply-demand outlook, advancements in solid-state battery key electrolyte materials, and high-performance in-situ polymer electrolytes [9]. - Notable participants include Tianqi Lithium Corporation, Liyang Zhongke Solid Energy New Technology Co., and various leading battery manufacturers and material suppliers [9][10]. Group 4: Participation and Sponsorship - The participation fee is set at 2800 yuan per person, with limited free attendance available for the first 200 registrants [16]. - Sponsorship opportunities are available for companies interested in participating in the event [16].

China (PRC) | Alternative Energy Equity Research 2026 lithium battery outlook: Growth Narrative Shifting to BESS The lithium battery industry looks set for strong growth in 2026 with improved supply-demand balance and rising profits. EV battery demand may rise 20%, with ESS shipments up >40% on our forecasts. Mkt consolidation should stem from regulations, while sodium-ion and solid- state advances shape strategies. Equipment makers will benefit from overseas expansion and battery technology upgrades. CATL ...

Core Viewpoint - The lithium mining sector experienced a strong surge on the 17th, driven by robust investment in energy storage, which is expected to significantly boost lithium battery demand in the coming years [1] Group 1: Market Performance - Tianhua New Energy rose over 15%, while Shengxin Lithium Energy and Jinyuan Co. hit the daily limit, and major mining companies like Zhongjin Resources and Tianqi Lithium approached the limit as well [1] - Ganfeng Lithium increased nearly 8%, indicating a strong market sentiment towards lithium-related stocks [1] Group 2: Industry Growth Drivers - Institutions noted that the domestic energy storage sector is reaching an economic inflection point, with investment being particularly vigorous due to the marketization of new energy and capacity pricing [1] - The cumulative penetration rate of energy storage remains below 10%, prompting an upward revision of the expected new installations in China to 300 GWh for next year [1] Group 3: Demand Forecast - Energy storage is projected to drive lithium demand growth exceeding 30% next year, creating investment opportunities across materials, batteries, and integration sectors [1] - According to the ICC Xinluo Energy Storage Database, global energy storage battery shipments are expected to reach 428 GWh from January to September 2025, marking a year-on-year increase of 90.7% [1] Group 4: Supply Chain Insights - The demand for domestic energy storage cells is currently very strong, with leading companies like Haitian Energy and Yiwei Lithium Energy having order backlogs extending to 2026, necessitating some orders to be fulfilled by mid-tier companies [1] - The rapid growth of the energy storage industry is driving high demand for lithium batteries, with recent data showing a 1.5% month-on-month increase in battery production among sample companies [1] - The upstream materials in the lithium battery supply chain, such as lithium hexafluorophosphate, electrolytes, and separators, have seen price increases due to strong downstream demand [1]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Greater China Materials - **Focus**: Recent export control measures by China on materials critical for renewable energy and technology sectors, particularly rare earth elements, super-hard materials, and lithium battery components [1][2][6] Core Insights and Arguments - **Export Controls**: China has implemented new export controls on five medium to heavy rare earth elements and relevant production technologies, effective November 8, 2025. This follows earlier controls on rare earths announced on the same day [1][6] - **Geopolitical Context**: The export controls are viewed as potential countermeasures in response to trade or geopolitical tensions, emphasizing China's dominance in the production of these materials [2][7] - **Production Equipment**: The controls include not only the rare earth elements but also production equipment for rare earths and magnets, which could strengthen government oversight over the entire supply chain [6][7] - **Market Impact**: Companies like JL Mag Rare-Earth Co. Ltd, which focus on civil demand, are expected to benefit from these controls due to increased compliance and potential market share gains [7][8] Potential Beneficiaries - **Key Players**: Major companies such as Huayou (603799.SS) and GEM (002340.SZ) in the precursor market, and Liliang Diamond (301071.SZ) in industrial diamonds, are likely to benefit from more compliant export practices and easier access to export licenses [8][9] Risks and Considerations - **Market Risks**: The report outlines various risks, including potential fluctuations in demand for rare earths and competition from alternative sources, which could impact the companies' performance [11][22] - **Valuation Methodology**: Price targets for companies like GEM Co Ltd and JL Mag Rare-Earth Co. Ltd are derived from discounted cash flow models, with specific assumptions regarding cost of equity and growth rates [10][11][12] Additional Insights - **Analyst Ratings**: The overall industry view is considered attractive, indicating positive expectations for the performance of companies within the Greater China Materials sector over the next 12-18 months [3][46] - **Stock Ratings Distribution**: The report includes a breakdown of stock ratings, highlighting the proportion of companies rated as Overweight, Equal-weight, and Underweight within the coverage universe [42][84] This summary encapsulates the critical points discussed in the conference call, focusing on the implications of China's export controls on the materials industry and the potential impact on key players within the sector.