内容概要：户用储能逆变器是转换直流电为交流电的关键设备，也是储能系统中最为重要的组成部分之 一。近年来，随着户用储能市场的不断扩张，户用储能逆变器市场规模持续攀升。目前，欧洲与北美是 全球户用储能逆变器主要市场。2025年，全球户用储能逆变器市场规模增长至186亿元，其中，欧洲户 用储能逆变器市场58亿元，占31.35%；北美户用储能逆变器市场55亿元，占29.73%。预计2026年全球 户用储能逆变器市场将达到270亿元，其中，欧洲户用储能逆变器市场约76亿元，约占31.28%；北美户 用储能逆变器市场约70亿元，约占28.81%。 上市企业：固德威[688390]、德业股份[605117]、派能科技[688063] 相关企业：艾思玛太阳能技术股份公司（SMA）、SolarEdge、华为技术有限公司、广州三晶电气股份 有限公司、沃太能源股份有限公司、浙江艾罗网络能源技术股份有限公司、阳光电源、古瑞瓦特、锦浪 科技、特斯拉、派能科技、比亚迪 关键词：户用储能逆变器行业产业链、户用储能逆变器市场规模、户用储能逆变器市场区域分布、户用 储能逆变器市场竞争格局、户用储能逆变器行业发展趋势 一、户用储能逆变器行业定义 ...

在除湿领域，德业股份已连续十年位居除湿机全网销量首位，凭借核心技术、完整产业链与严苛品控， 成为行业公认的领军者。与此同时，德业股份持续布局加湿领域，以健康化、智能化、美学化产品，快 速成为加湿领域标杆品牌。 德业股份相关人士称，未来公司仍将以"全面搜集、快速响应、超越预期、持续改善"十六字方针为核心 指引，持续以设计赋能产品，以创新驱动发展，为全球用户打造更优质的湿度调控方案。 （文章来源：证券日报） 本报讯 2月26日，宁波德业科技股份有限公司（以下简称"德业股份"）发布消息，近日 iFDESIGNAWARD正式公布获奖结果，该公司除湿机P40与加湿器F15Pro获iF设计大奖。 作为深耕湿度控制领域的品牌，德业股份始终坚持技术研发与设计创新并行，凭借扎实的产品实力，先 后获得南山奖、红星奖、德国红点设计奖、AWE艾普兰创新奖等。 ...

银河证券研报认为，1-2月处于我国传统春节消费淡季，国内销量阶段性回落，展望春节后，复产复工 有序推进，全国首个A级车展北京车展临近（4月24日—5月3日），车企即将进入2026年上半年旗舰新 品发布周期，多款新车有望上市，市场迎来新一轮密集供给，有望带动市场需求回暖，新能源渗透率有 望触底反弹。 新能源ETF紧密跟踪中证新能源指数，中证新能源指数选取涉及可再生能源生产、新能源应用、新能源 存储以及新能源交互设备等业务的上市公司证券作为指数样本，以反映新能源产业相关上市公司证券的 整体表现。指数前十大权重股分别为宁德时代、阳光电源、特变电工、华友钴业、隆基绿能、亿纬锂 能、赣锋锂业、中国核电、先导智能、金风科技。 新能源ETF(516160)，场外联接(A类：012831；C类：012832；南方中证新能源ETF联接I：021057)。 截至2026年2月25日 13:46，新能源ETF(516160)上涨2.24%，盘中换手2.88%，成交2.01亿元。跟踪指数 中证新能源指数成分股厦门钨业上涨8.33%，天华新能上涨7.61%，中矿资源上涨7.32%，德业股份，横 店东磁等个股跟涨。 消息面上，2月11日 ...

声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 来源：新浪基金∞工作室 2月25日，截止午间收盘，储能电池ETF广发（159305）涨1.25%，报1.950元，成交额2792.66万元。储 能电池ETF广发（159305）重仓股方面，宁德时代截止午盘涨0.99%，阳光电源涨2.57%，亿纬锂能涨 2.98%，英维克涨0.65%，国轩高科涨2.02%，麦格米特跌1.19%，欣旺达涨2.94%，德业股份涨4.29%， 科达利涨0.42%，金盘科技涨0.43%。 储能电池ETF广发（159305）业绩比较基准为同期国证新能源电池指数收益率，管理人为广发基金管理 有限公司，基金经理为夏浩洋，成立（2024-09-18）以来回报为92.27%，近一个月回报为-1.65%。 ...

Core Viewpoint - The company, DEYE Technology Co., Ltd. (德业股份), is embarking on a dual listing journey by submitting its prospectus to the Hong Kong Stock Exchange, aiming to capitalize on the growing photovoltaic energy storage market while facing intensified industry competition and survival challenges [1]. Group 1: Company Overview - DEYE Technology, led by 73-year-old founder Zhang Hejun, has transformed from a traditional manufacturing entity into a leader in the global household energy storage inverter market, with a current market capitalization of approximately 88 billion RMB [1][2]. - The company has successfully expanded its product offerings from dehumidifiers to energy storage systems, establishing a diversified product matrix that includes inverters, storage systems, and environmental appliances [5]. Group 2: Financial Performance - DEYE Technology has demonstrated robust financial growth, achieving total revenues of 7.48 billion RMB in 2023, 11.21 billion RMB in 2024, and 8.85 billion RMB in the first three quarters of 2025, with corresponding net profits of 1.79 billion RMB, 2.96 billion RMB, and 2.35 billion RMB [6][7]. - The company's net profit margin has improved from 23.9% to 26.5% over the same period, indicating strong profitability [6]. Group 3: Market Strategy - The company has strategically focused on international markets, with overseas revenue accounting for 58% in 2023, projected to rise to 75.9% by the first three quarters of 2025, significantly higher than domestic revenue contributions [8][9]. - DEYE Technology's gross profit margin has consistently remained above 38% since 2022, outperforming competitors in the industry [6][8]. Group 4: Future Prospects and Challenges - The funds raised from the Hong Kong IPO will be allocated to enhancing R&D capabilities, expanding production bases, and developing global marketing networks, which are crucial for maintaining industry leadership [10]. - Despite its growth, the company faces challenges such as potential trade barriers and policy risks in overseas markets, as well as increasing competition in the domestic market, which could lead to price wars and margin compression [10][11].

宁波德业科技股份有限公司 与私募基金合作投资事项进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：605117 证券简称：德业股份 公告编号：2026-013 2、管理人名称：宁波曦晨私募基金管理有限公司 重要内容提示： | 投资标的名称 | | | 宁波德泰业兴创业投资合伙企业（有限合伙） | | --- | --- | --- | --- | | 投资金额（万元） | 8,600 | | | | 投资进展阶段 | 完成 | 终止 | 交易要素变更 进展 | | 特别风险提示（如有请勾选） | 募集失败 | | | | | 未能完成备案登记 | | | | | 提前终止 | | | | | 发生重大变更 | | | | | 其他： | | | 一、合作投资基本概述情况 为推动公司持续发展，充分利用专业机构的经验和资源，拓宽公司产业布局 和战略视野，宁波德业科技股份有限公司（以下简称"公司"）与宁波曦晨私募 基金管理有限公司、戴志勇和傅凌儿共同出资设立宁波德泰业兴创业投资合伙企 业（有限合伙 ...

Performance Overview - The stock price of the company has shown strong performance, closing at 96.60 yuan on February 11, 2026, with a daily increase of 1.45% and a cumulative increase of 6.92% over the past five trading days, surpassing the 60-day moving average of 86.32 yuan [1] Financial Performance - For the first three quarters of 2025, the company reported revenue of 8.846 billion yuan, representing a year-on-year growth of 10.36%, and a net profit attributable to shareholders of 2.347 billion yuan, up 4.79% year-on-year [1] - The revenue contribution from energy storage inverters reached 41.8%, while energy storage battery packs accounted for 27.5%, indicating an increase in high-margin business contributions [1] Strategic Initiatives - In early 2026, the company submitted a listing application to the Hong Kong Stock Exchange, aiming to raise funds to enhance global production capacity and R&D investment, which is seen as a strategic move to address increasing overseas competition and expand international capital channels [2] Industry Policy and Environment - Starting from April 2026, the export tax rebate policy for photovoltaic products will be gradually phased out, with the current rebate rate of approximately 9% being a significant component of profits. The market is focused on whether the company can mitigate the impact of this policy through cost control or product premium [3] - The growth in household storage demand in markets like Australia, supported by subsidy policies, is expected to bolster the battery pack business [3] Market and Technical Analysis - The stock price has recently broken through the upper Bollinger Band at 96.55 yuan, and the MACD indicator shows a bullish crossover, indicating enhanced short-term momentum [4] - There has been a net inflow of main funds on certain trading days, such as a net inflow of 1.588 million yuan on February 3, with an increase in turnover rate [4]

Core Viewpoint - The Hong Kong IPO market is experiencing a surge of activity from leading companies in the renewable energy sector, with multiple firms submitting listing applications to the Hong Kong Stock Exchange in early 2026, reflecting a trend towards "A+H" dual-platform listings [2][19]. Group 1: Companies Submitting IPO Applications - EVE Energy submitted its listing application to the Hong Kong Stock Exchange on January 2, aiming to raise funds for overseas capacity construction, including a factory in Hungary [2]. - Wanbang Digital Energy submitted its listing application on January 4, having restructured its business to focus on smart charging equipment and microgrid systems [5]. - Penghui Energy announced its H-share issuance and submitted its main board listing application on January 5, focusing on energy storage, power, and consumer batteries [7]. - Chint Electric announced its plan to issue H-shares and aims to become the first "A+H" listed company in Wenzhou, enhancing its international strategy and financing channels [9]. - Yuanxin Energy submitted its main board listing application on January 9, showing significant revenue growth from 435 million yuan in 2023 to 1.144 billion yuan in 2024 [11]. - Huichuan Technology disclosed its plan to issue H-shares on January 19, potentially joining the "A+H" listing trend [12]. Group 2: Industry Trends and Strategic Considerations - The collective move of energy companies to list in Hong Kong reflects deep strategic considerations regarding transformation and globalization [14]. - Companies are transitioning from merely selling equipment to providing comprehensive solutions, enhancing their business models to be scalable and replicable [15]. - Global expansion is a key driver for these companies, with Yuanxin Energy expecting overseas revenue to exceed 30% by 2026, having already signed contracts with clients in multiple countries [16]. - The "A+H" dual-platform model is becoming standard for many A-share listed companies, with several firms planning H-share listings in early 2026 [18]. - The surge in IPOs is influenced by favorable policies, improved market conditions, and the need for companies to optimize their capital structures and financing strategies [19]. - The increasing number of energy companies joining the "A+H" model is reshaping the global competitiveness of Chinese energy firms, transitioning from product exports to operational services [20].

Core Viewpoint - The energy storage industry is experiencing a surge in companies planning to go public in Hong Kong, marking the beginning of a "storage IPO wave" as multiple firms submit their applications for listing [1][14]. Group 1: Company Listings - Companies such as Yihui Lithium Energy, Huasheng Lithium Battery, and Deye have announced plans to issue H-shares and list on the Hong Kong Stock Exchange, reflecting a strategic move to enhance their international presence and financing options [1][4][6]. - Yihui Lithium Energy aims to raise funds primarily for its 30GWh power battery project in Hungary, which is expected to commence production in 2027 [1]. - Huasheng Lithium Battery anticipates a significant profit increase in 2025, projecting a net profit of between 12 million to 18 million yuan, marking a year-on-year growth of 106.87% to 110.30% [2]. Group 2: Financial Performance - Yihui Lithium Energy reported a revenue of 45 billion yuan for the first three quarters of 2025, with energy storage battery revenue reaching 17.069 billion yuan, a year-on-year increase of 37.9% [1]. - Deye achieved a revenue of 8.846 billion yuan and a net profit of 2.347 billion yuan in the first three quarters of 2025, showcasing its strong market position in both residential and commercial energy storage [4]. - Huichuan Technology reported a revenue of 31.663 billion yuan for the first three quarters of 2025, with a net profit of 4.254 billion yuan, reflecting a year-on-year growth of 24.67% and 26.84% respectively [6]. Group 3: Market Trends - The influx of energy storage companies into the Hong Kong market signifies the industry's robust growth and the strategic response of firms to capitalize on global carbon neutrality opportunities [14]. - The competitive landscape is expected to intensify as more companies enter the market, enhancing China's global competitiveness in the energy storage sector [14].

Core Viewpoint - The energy storage industry is experiencing a surge in companies planning to go public in Hong Kong, marking the beginning of a "storage IPO wave" as several firms announce their listing intentions [1][15]. Group 1: Company Listings - Yiwei Lithium Energy has re-submitted its listing application to the Hong Kong Stock Exchange, with plans to raise funds for a 30GWh battery project in Hungary, expected to commence production in 2027 [1][18]. - Huasheng Lithium announced its plan to issue H-shares and list on the Hong Kong Stock Exchange, projecting a significant profit increase for 2025, with net profit expected to reach between 12 million to 18 million yuan, marking a year-on-year growth of 106.87% to 110.30% [1][18]. - Deye Technology has submitted its listing application, aiming to enhance its global development strategy and brand influence, with a reported revenue of 8.846 billion yuan and a net profit of 2.347 billion yuan for the first three quarters of 2025 [5][21]. - In a simultaneous announcement, Huichuan Technology and Keda Intelligent also revealed their plans to list in Hong Kong, with Huichuan reporting a revenue of 31.663 billion yuan and a net profit of 4.254 billion yuan for the first three quarters of 2025 [7][23]. - Keda Intelligent's listing application aims to strengthen its technology in digital energy and robotics, reporting a significant profit increase of 136.62% for the first three quarters of 2025 [9][25]. - Xinnengda has updated its listing application, reporting a revenue of 43.534 billion yuan and a net profit of 1.405 billion yuan for the first three quarters of 2025, with strong production capabilities in energy storage systems [11][27]. - Penghui Energy has submitted its application for H-shares, with a revenue of 7.581 billion yuan and a net profit of 115 million yuan for the first three quarters of 2025, indicating a substantial year-on-year growth [13][29]. Group 2: Industry Trends - The influx of energy storage companies going public reflects the industry's robust growth and strategic responses to market competition and global carbon neutrality opportunities [15][31].