报告期内，公司紧抓国内储能市场快速发展的历史机遇，依托多年积累所建立的市场、技术和研发的竞 争优势，在国内储能市场占据较高市场份额，同时加速拓展全球市场，公司营业收入及利润呈现持续增 长态势。 格隆汇2月27日丨海博思创(688411.SH)公布2025年度业绩快报，报告期内，公司实现营业收入116.04亿 元，较上年同期增长40.32%；实现归属于母公司所有者的净利润9.49亿元，较上年同期增长46.49%；实 现归属于母公司所有者的扣除非经常性损益的净利润8.76亿元，较上年同期增长39.53%。 ...

Group 1 - The company Haibosi Chuang announced that it expects to achieve an operating revenue of 1,160,424.35 million yuan in 2025, representing a year-on-year growth of 40.32% [2] - The net profit attributable to the parent company's shareholders is projected to be 94,903.60 million yuan, reflecting a year-on-year increase of 46.49% [2]

Core Insights - The company reported preliminary financial results for the year 2025, achieving operating revenue of 11.604 billion yuan, representing a year-on-year growth of 40.32% [1] - The net profit attributable to shareholders reached 949 million yuan, marking a year-on-year increase of 46.49% [1] - The company capitalized on the rapid development of the domestic energy storage market, leveraging its established market, technology, and R&D advantages to secure a significant market share [1] - The company is also accelerating its expansion into global markets, contributing to the continuous growth of both revenue and profit [1]

每经AI快讯，海博思创2月27日晚间发布2025年度业绩快报，营业收入约116.04亿元，同比增加 40.32%；归属于上市公司股东的净利润约9.49亿元，同比增加46.49%；基本每股收益5.41元，同比增加 11.32%。 每经头条（nbdtoutiao）——2月井喷！中国AI调用量首超美国，四款大模型霸榜全球前五，国产算力需 求正经历指数级增长 （记者 曾健辉） ...

Core Insights - Haibosichuang reported a revenue of 11.604 billion yuan for the fiscal year 2025, representing a year-on-year growth of 40.32% [1] - The net profit attributable to shareholders reached 949 million yuan, marking a year-on-year increase of 46.49% [1] - Basic earnings per share stood at 5.41 yuan, reflecting a year-on-year growth of 11.32% [1]

证券代码：688411 证券简称：海博思创 公告编号：2026-003 北京海博思创科技股份有限公司 2025 年度业绩快报公告 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、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审 计，具体数据以北京海博思创科技股份有限公司（以下简称"公司"）2025年年 度报告为准，提请投资者注意投资风险。 一、2025 年度主要财务数据和指标 项目 本报告期 上年同期 增减变动幅度（%） 营业总收入 1,160,424.35 826,970.43 40.32 营业利润 107,525.47 73,082.95 47.13 利润总额 110,433.36 72,723.35 51.85 归属于母公司所有者的净利润 94,903.60 64,783.81 46.49 归属于母公司所有者的扣除非 经常性损益的净利润 87,633.20 62,808.09 39.53 基本每股收益（元） 5.41 4.86 11.32 加权平均净资产收益率 22.25% 23.38% 下降 1 ...

Core Viewpoint - The company reported significant growth in revenue and net profit for the fiscal year 2025, driven by opportunities in the energy storage market [1] Financial Performance - The company achieved an operating revenue of 11.604 billion yuan, representing a year-on-year increase of 40.32% [1] - The net profit attributable to the parent company was 949 million yuan, reflecting a year-on-year growth of 46.49% [1] - The net profit after deducting non-recurring items was 876 million yuan, which is a year-on-year increase of 39.53% [1] Asset and Equity Growth - As of the end of the reporting period, the total assets of the company amounted to 15.664 billion yuan, an increase of 42.77% compared to the beginning of the year [1] - The equity attributable to the parent company's owners reached 4.779 billion yuan, marking a growth of 52.14% from the start of the year [1] Market Strategy - The company's performance growth is attributed to its focus on seizing opportunities in the energy storage market, enhancing market share, and expanding globally [1]

Investment Rating - The report recommends an "Accumulate" rating for the energy storage sector [1][3]. Core Insights - Qinghai has initiated the first capacity price for energy storage following the implementation of Document No. 114, indicating a positive trend for the economic viability of energy storage across the country as provincial regulations are expected to follow [3][6]. - The demand for energy storage is projected to grow significantly, with expectations of a 50% increase in 2026, driven by favorable capacity pricing and strong market conditions [3][6]. Summary by Sections Investment Recommendations - The report suggests accumulating stocks in the energy storage sector, particularly benefiting from strong demand for storage systems and batteries. Recommended stocks include Haibo Shichuang, Ningde Times, Yiwei Lithium Energy, Zhongchuang Innovation, and Aters. Related stocks include Sunshine Power and Penghui Energy [6][7]. - Following the anticipated demand surge, lithium battery materials are expected to see price increases. Recommended stocks in this category include Hunan Youneng, with related stocks being Wanrun New Energy, Fulian Precision, Tianji Shares, Tianci Materials, Duofluo, Enjie, Fospower, and Xingyuan Materials [6][7]. Economic Viability of Energy Storage - The capacity price calculation method has been established, with a compensation standard of 165 RMB/(kW·year) for 2026, which is more favorable compared to previous standards. The annual compensation price for a 4-hour energy storage station is calculated to be 153.77 RMB/(kW·year) [6][7]. - January data shows a significant increase in installed capacity, with 3.8 GW/10.9 GWh added, representing a year-on-year growth of 62% and 106%, respectively. The sales of energy storage batteries reached 46.1 GWh, marking a year-on-year increase of 164% [6][7].

Group 1 - The core viewpoint of the news is that Haibo Sichuang's stock has seen a significant increase, with a rise of 5.16% to 232.33 CNY per share, and a total market capitalization of 41.841 billion CNY [1] - Haibo Sichuang focuses on the research, production, and sales of electrochemical energy storage systems, providing a full range of energy storage system products and solutions for various sectors including traditional power generation, renewable energy, smart grids, and end power users [1] - The company's main business revenue composition is as follows: energy storage systems account for 99.77%, new energy vehicle leasing 0.10%, other (supplementary) 0.07%, and technical services 0.06% [1] Group 2 - From the perspective of fund holdings, Haibo Sichuang is a significant investment for the Huibaichuan Fund, with the Huibaichuan Yuanhang Mixed A Fund holding 6,797 shares, representing 1.48% of the fund's net value, making it the eighth largest holding [2] - The Huibaichuan Yuanhang Mixed A Fund has achieved a year-to-date return of 14.45%, ranking 741 out of 8,889 in its category, and a one-year return of 32%, ranking 2,874 out of 8,136 [2] - The fund managers, Wu Yubin and Liu Xinyu, have both been in their positions for 1 year and 196 days, with the fund's total asset size at 115 million CNY, and the best and worst returns during their tenure being 63.92% and 62.67% respectively [3]

Core Insights - The "AI + Energy Development Conference" held in Beijing focused on exploring new paths and opportunities for the integration of AI and the energy industry, attracting over 300 representatives from government, energy companies, and experts [1] - Wang Jinsong, Chief Scientist of AI at Beijing Haibo Sichuang Co., emphasized the current limitations of AI applications in the energy sector, particularly in power and energy storage, where AI is primarily used for basic reporting and predictive maintenance rather than fully leveraging its potential [5] Industry Challenges - Wang identified five core pain points in the current application of AI in the energy storage sector: 1. Insufficient data quality and credibility hindering precise decision-making 2. High safety and operational standards in energy storage and grid sectors demanding rigorous AI output 3. Complexity of energy storage systems making AI solutions challenging 4. Balancing the cost of high-end AI models with their application value 5. Lack of clear decision-making hierarchies in AI, making it difficult to adapt to various energy storage and grid integration needs [6] Solutions and Innovations - To address these challenges, Wang proposed a "full-process, multi-scenario, and implementable" AI empowerment solution, highlighting Haibo Sichuang's transition from equipment supplier to power station operator, with significant projects like the 1GWh and 7.4GWh independent energy storage stations serving as practical examples [7] - The company has developed over 400 health indicators covering various levels of energy storage systems, optimizing operations to exceed industry averages, achieving a 20% reduction in auxiliary power consumption and a 3.5% improvement in overall performance [7] - Wang emphasized that AI empowerment in energy storage is not merely a single technology application but a comprehensive system that connects data seamlessly from the ground to the cloud, covering the entire chain from R&D to operation [8] Future Outlook - The future of AI in the energy storage sector is expected to play a more critical role in decision-making, with Haibo Sichuang committed to deepening the integration of AI and energy, accumulating practical experience to address industry pain points and promote more efficient, stable, and economically viable energy storage solutions [8]