北京海博思创科技股份有限公司 持股 5%以上股东及其一致行动人减持股份计划 公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 股东持有的基本情况 证券代码：688411 证券简称：海博思创 公告编号：2026-002 截至本公告披露日，本次拟减持北京海博思创科技股份有限公司（以下简称 "公司"）股份的股东及其一致行动人的持股情况如下： 1. 清控银杏南通创业投资基金合伙企业（有限合伙）（以下简称"清控银 杏"）持有公司无限售条件流通股 3,385,789 股，占公司总股本的 1.88%；银杏 自清（天津）创业投资合伙企业（有限合伙）（以下简称"银杏自清"）持有公 司无限售条件流通股 1,250,156 股，占公司总股本的 0.69%。清控银杏、银杏自 清与北京银杏天使投资中心(有限合伙)（以下简称"银杏天使"）、西藏龙芯投 资有限公司（以下简称"西藏龙芯"）系一致行动人，合计持有公司股份 14,353,612 股，占公司总股本的 7.97%。 2. 北京腾业创新投资管理中心（有限合伙）（以下 ...

格隆汇2月11日丨海博思创(688411.SH)公布，因合伙期限即将届满，清控银杏和银杏自清计划自本公告 披露之日起15个交易日后的3个月内，通过集中竞价或大宗交易的方式减持公司股份合计不超过 2,068,564股，即不超过公司总股本的1.15%。其中，清控银杏拟通过集中竞价或大宗交易方式减持公司 股份数量不超过1,510,743股，即不超过公司总股本的0.84%；银杏自清拟通过集中竞价或大宗交易方式 减持公司股份数量不超过557,821股，即不超过公司总股本的0.31%。 因自身资金需求，腾业创新和启迪腾业计划自本公告披露之日起15个交易日后的3个月内，通过集中竞 价或大宗交易的方式减持公司股份合计不超过1,772,940股，即不超过公司总股本的0.98%。其中，腾业 创新拟通过集中竞价或大宗交易方式减持公司股份数量不超过172,940股，即不超过公司总股本的 0.10%；启迪腾业拟通过集中竞价或大宗交易方式减持公司股份数量不超过1,600,000股，即不超过公司 总股本的0.89%。 因自身资金需求，启明融合和QM10计划自本公告披露之日起15个交易日后的3个月内，通过集中竞价 或大宗交易的方式减持公司股 ...

企查查APP显示，近日，海博思创（阿拉善盟）工程技术有限公司成立，注册资本5000万元，经营范围 包含：风电场相关装备销售；先进电力电子装置销售；电容器及其配套设备销售；蓄电池租赁等。企查 查股权穿透显示，该公司由海博思创(688411)全资持股。 ...

Group 1: AIDC and Power Supply Innovations - The global AIDC demand is experiencing significant growth, with major cloud companies increasing their capital expenditures. In FY2025, the top three global cloud providers are expected to collectively spend nearly $300 billion [3][19] - High Voltage Direct Current (HVDC) is becoming the preferred solution for next-generation data center power supply, as it enhances power efficiency and reduces material usage. The global HVDC market is projected to reach approximately $30 billion by 2027 [4][59] - Key recommendations for HVDC and Storage Solutions include companies like Zhongheng Electric and Siyuan Electric, with additional attention on Keda Data, Kstar, and others [10][65] Group 2: Photovoltaic Industry Trends - The photovoltaic industry is transitioning towards high-quality development, with supply-demand dynamics expected to gradually improve. In 2025, domestic photovoltaic installations are projected to reach a record high, although global installation growth is anticipated to slow down post-2026 [5][6] - The industry is actively reducing operating rates to improve supply-demand structures, with significant declines in operating rates for polysilicon and other segments noted [6][7] - Key recommendations in the photovoltaic sector focus on supply-side improvements and new technologies, with companies like Flat Glass and Quartz Holdings highlighted for their potential [11][10]

Investment Rating - The industry investment rating is maintained at "Synchronize with the market - A" [1] Core Insights - SpaceX's application for deploying a satellite system with up to 1 million satellites has been accepted by the FCC, which aims to support advanced AI models and related applications [2] - The utilization rate of photovoltaic power generation is projected to reach 94.8% by 2025, with wind power utilization at 94.3% [3] - The National Energy Administration announced that by December 2025, there will be 6,190 new registered photovoltaic power generation projects [4] Summary by Relevant Sections Stock Recommendations - Recommended stocks include: - Aishuo Co., Ltd. (600732.SH) - Buy - B - Flat Glass Group (601865.SH) - Buy - A - Haibo Technology (688411.SH) - Buy - A - Sungrow Power Supply (300274.SZ) - Buy - A - Longxin Technology (300682.SZ) - Buy - B - Quartz Co., Ltd. (603688.SH) - Buy - A [3][4] Market Performance - The report indicates a 7.4% year-on-year increase in the national electricity market transaction volume by 2025 [4] - The report highlights a stable price trend for polysilicon, silicon wafers, battery cells, and modules, with no significant fluctuations observed [5][7][8] Investment Suggestions - Key investment directions include: - BC new technology: Aishuo Co., Ltd. - Supply-side focus: Daqo New Energy, Flat Glass Group - Energy storage direction: Haibo Technology, Sungrow Power Supply - Market-oriented direction: Longxin Group - Domestic substitution direction: Quartz Co., Ltd. - Attention to space photovoltaic: Liancheng CNC, Dike Co., Ltd., Longi Green Energy, and others [9]

Core Viewpoint - Haibo Sichuang's stock performance shows a slight increase of 0.04% with a trading volume of 714 million yuan on February 9, indicating strong market interest and activity in the company's shares [1] Financing Summary - On February 9, Haibo Sichuang had a financing buy amount of 110 million yuan, with a net financing purchase of 18.29 million yuan after repaying 91.77 million yuan [1] - The total financing and securities lending balance reached 981 million yuan, accounting for 3.32% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high financing level [1] - No shares were sold or repaid in the securities lending segment on February 9, with a balance of 0 shares, also reflecting a high percentile level over the past year [1] Business Performance - As of September 30, Haibo Sichuang reported a total of 9,378 shareholders, a decrease of 7.72% from the previous period, while the average circulating shares per person increased by 15.31% to 4,044 shares [2] - For the period from January to September 2025, the company achieved a revenue of 7.913 billion yuan, representing a year-on-year growth of 52.23%, and a net profit attributable to shareholders of 623 million yuan, which is a 98.65% increase year-on-year [2] Dividend and Shareholding Structure - Haibo Sichuang has distributed a total of 198 million yuan in dividends since its A-share listing [3] - As of September 30, 2025, several new institutional shareholders have entered the top ten list, including Dongfanghong HuGangShen Mixed Fund, holding 861,000 shares, and Rongtong Industry Trend Selected Stock A, holding 853,600 shares [3] - Notably, previous major shareholders such as Western LiDe Carbon Neutral Mixed Fund and Invesco Great Wall New Energy Industry Stock A have exited the top ten list [3]

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2026-02-06 | 海博思创 | 688411 | 中信证券股份有限 公司总部(菲雪亚 218.72 | 3936.96 | 18 | 中信建投证券股华 | 2月6日，海博思创大宗交易成交18万股，成交额3936.96万元，占当日总成交额的4.29%，成交价218.72元，较市场收盘价223.18元折价2%。 ...

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-02-02 | 海博思创 | 688411 | 220.17 | 1651.28 | 7.5 | 西部证券股份有限 公司西安系关街证 | 华泰证券股份有限 公司上海浦东新区 | | 2月2日，海博思创大宗交易成交7.5万股，成交额1651.28万元，占当日总成交额的1.04%，成交价220.17元，较市场收盘价224.66元折价2%。 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002227 | 奥特迅 | 9.68 | -10.04% | 1.39万 | 1347.65万 | | 688411 | 海道屋與 | 224.66 | -5.81% | 6.72万 | 15.66 Z | | 301590 | 优优绿能 | 198.98 | -5.58% | 8540.97 | 1.72亿 | | 002364 | 中恒电气 | 29.76 | -5.22% | 1 26.73万 | 8.19亿 | | 002630 | ST华西 | 2.23 | -5.11% | 7.67万 | 1710.08万 | | 002851 | 麦格米特 | 120.99 | -4.87% | 17.82万 | 22.10亿 | | 300153 | 科泰电源 | 32.32 | -3.46% | 12.68万 | 4.19亿 | | 300491 | 通合科技 | 26.57 | -3.14% | 7.09万 | 1.92亿 | | 30087 ...

Investment Rating - The investment rating for the industry is "Strongly Recommended" for key companies such as Ningde Times, Yiwei Lithium Energy, and Sungrow Power Supply [1]. Core Insights - The recent release of the national capacity price policy for energy storage marks a significant step towards high-quality development in the energy storage sector. This policy establishes a capacity price mechanism for independent energy storage stations that support the safe operation of the power system [6][7]. - The capacity price will be based on local coal power capacity price standards and adjusted according to peak capacity, which is essential for ensuring stable power supply and promoting investment in energy storage [10][11]. - The demand for long-duration energy storage is expected to increase significantly, with independent energy storage becoming a major contributor to new installations [9][16]. Industry Overview - The industry comprises 308 listed companies with a total market capitalization of 7,610.8 billion [2]. - The energy storage sector is experiencing rapid growth, with cumulative installed capacity expected to reach 136 GW/351 GWh by 2025, reflecting an 80% year-on-year increase in new installations [9][10]. Key Companies and Financial Metrics - **Ningde Times (300750.SZ)**: Market Cap: 1611.1 billion, 2024 EPS: 11.5, 2025 EPS: 14.9, 2025 PE: 23, PB: 5, Investment Rating: Strongly Recommended [1]. - **Yiwei Lithium Energy (300014.SZ)**: Market Cap: 132.3 billion, 2024 EPS: 2.0, 2025 EPS: 2.2, 2025 PE: 28, PB: 3, Investment Rating: Strongly Recommended [1]. - **Sungrow Power Supply (300274.SZ)**: Market Cap: 313.1 billion, 2024 EPS: 5.3, 2025 EPS: 5.9, 2025 PE: 26, PB: 7, Investment Rating: Strongly Recommended [1]. - **Huaibei Technology (688411.SH)**: Market Cap: 43.0 billion, 2024 EPS: 4.9, 2025 EPS: 5.5, 2025 PE: 43, PB: 10, Investment Rating: Not Rated [1]. - **Shenghong Co., Ltd. (300693.SZ)**: Market Cap: 11.9 billion, 2024 EPS: 1.4, 2025 EPS: 1.5, 2025 PE: 25, PB: 6, Investment Rating: Strongly Recommended [1]. - **Kehua Data (002335.SZ)**: Market Cap: 32.2 billion, 2024 EPS: 0.7, 2025 EPS: 1.2, 2025 PE: 53, PB: 5, Investment Rating: Strongly Recommended [1]. Market Performance - The absolute performance of the energy equipment and new energy sector has shown significant growth, with a 12-month increase of 59.4% [4].