Group 1 - The core viewpoint of the article highlights a significant rebound in the A-share energy storage sector on January 19, with several companies experiencing notable stock price increases [1] - Haibo Sichuang saw its stock price rise by over 10%, indicating strong market interest and investor confidence in the company [1] - Other companies in the sector, including Huazi Technology, Airo Energy, Atas, Jinlang Technology, and Sunshine Power, also experienced stock price increases, reflecting a broader positive trend in the energy storage market [1]

1月19日，海博思创涨5.13%，截至发稿，报263.60元/股，成交12.03亿元，换手率12.30%，总市值 474.72亿元。 资料显示，北京海博思创科技股份有限公司位于北京市海淀区丰豪东路9号院2号楼12层，成立日期2011 年11月4日，上市日期2025年1月27日，公司主营业务涉及专注于电化学储能系统的研发、生产、销售, 为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链条行业客户提供全系列储能系统 产品,提供储能系统一站式整体解决方案。主营业务收入构成为：储能系统99.77%，新能源车租赁 0.10%，其他(补充)0.07%，技术服务0.06%。 从基金十大重仓股角度 数据显示，易米基金旗下1只基金重仓海博思创。易米低碳经济股票发起A（017165）三季度减持2.42万 股，持有股数1.48万股，占基金净值比例为6.43%，位居第六大重仓股。根据测算，今日浮盈赚取约 19.06万元。 易米低碳经济股票发起A（017165）成立日期2023年3月14日，最新规模4671.03万。今年以来收益 3.64%，同类排名3540/5580；近一年收益55.2%，同类排名1072/4226； ...

"2025北京企业百强"作为涵盖在京各类企业的综合性权威榜单，是对企业规模、效益、创新与社会贡献 的全方位评价。海博思创本次入选，不仅标志着企业整体实力位居首都企业前列，更体现出公司在推动 能源结构转型、支撑绿色经济发展中的关键作用。 此次评选活动由北京企业联合会、北京市企业家协会主办，在中国企业联合会、中国企业家协会、京津 冀协同发展联合工作办公室、中关村数字经济产业联盟等机构共同支持下开展，严格遵循国际通行规则 与中国企业500强排序标准，具有高度的公信力与社会影响力。 本报讯 （记者向炎涛）近日，北京海博思创科技股份有限公司（以下简称"海博思创"）、北京海博思 创工程技术有限公司凭借卓越的综合实力与行业影响力，一举斩获2025北京企业百强、2025北京制造业 企业百强、2025北京高精尖企业百强、2025北京专精特新企业百强、2025京津冀制造业企业百强五项殊 荣。 2025年，海博思创以创新驱动为核心、战略升级为牵引，跑出高质量发展的"加速度"。公司成功入选第 31批国家企业技术中心，斩获国家级技术认可；"储能+X"战略全面落地，在独立储能电站、数据中 心、油田、矿山、充储等多元场景实现突破性进展，全 ...

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the electric equipment and new energy industry [1]. Core Viewpoints - The report highlights that China has submitted applications for over 200,000 new satellites, marking the largest international frequency and orbit resource application in the country's history [3]. - Starting from April 2026, the export tax rebate for photovoltaic products will be canceled, which may impact the industry dynamics [4]. - The photovoltaic power generation utilization rate for January to November 2025 was reported at 94.8%, indicating strong performance in the sector [4]. Summary by Relevant Sections Preferred Stocks - The report lists several preferred stocks with ratings: - Aishuo Co., Ltd. (600732.SH) - Buy - B - Daqian Energy (688303.SH) - Buy - B - Fulete (601865.SH) - Buy - A - Haibo Sichuang (688411.SH) - Buy - A - Sunshine Power (300274.SZ) - Buy - A - Langxin Group (300682.SZ) - Buy - B - Quartz Co., Ltd. (603688.SH) - Buy - A [2]. Price Tracking - The average price of dense polysilicon is reported at 54.0 CNY/kg, up 3.8% from the previous week, while granular silicon is at 52.0 CNY/kg, up 4.0% [5]. - The average price for 182-183.75mm N-type battery cells is 0.39 CNY/W, reflecting a 2.6% increase [6]. - The price for 182*182-210mm TOPCon double-glass modules is 0.70 CNY/W, showing a 0.3% increase [7]. Investment Suggestions - The report recommends focusing on companies in various sectors: - BC new technology: Aishuo Co., Ltd. - Supply-side: Daqian Energy, Fulete - Light storage: Haibo Sichuang, Sunshine Power - Power marketization: Langxin Group - Domestic substitution: Quartz Co., Ltd. - Additional companies to watch include Longi Green Energy, Hongdian East Magnet, and others [8].

广发高端制造股票A（004997）成立日期2017年9月1日，最新规模44.24亿。今年以来收益2.37%，同类 排名4423/5520；近一年收益23.53%，同类排名3357/4203；成立以来收益49.75%。 从海博思创十大流通股东角度 数据显示，广发基金旗下1只基金位居海博思创十大流通股东。广发高端制造股票A（004997）三季度 新进十大流通股东，持有股数58.79万股，占流通股的比例为1.55%。根据测算，今日浮盈赚取约681.93 万元。 1月14日，海博思创涨5.27%，截至发稿，报231.66元/股，成交4.05亿元，换手率4.73%，总市值417.20 亿元。 广发高端制造股票A（004997）基金经理为郑澄然。 资料显示，北京海博思创科技股份有限公司位于北京市海淀区丰豪东路9号院2号楼12层，成立日期2011 年11月4日，上市日期2025年1月27日，公司主营业务涉及专注于电化学储能系统的研发、生产、销售, 为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链条行业客户提供全系列储能系统 产品,提供储能系统一站式整体解决方案。主营业务收入构成为：储能系统99.77%，新 ...

证券日报网讯1月13日，海博思创在互动平台回答投资者提问时表示，目前公司未持有卫蓝新能源股 份。公司与北京卫蓝新能源科技有限公司、淄博景能科技有限公司共同出资成立卫蓝海博(淄博)新能源 科技有限公司。公司与卫蓝新能源的合作主要通过合资公司，深入研究和合作开发半固态电池，在大容 量、长寿命、低成本的基础上，实现储能电池的本质安全，目前合作研发的半固态电池已应用于实际储 能项目。 ...

格隆汇1月13日丨海博思创(688411.SH)在投资者互动平台表示，目前公司未持有卫蓝新能源股份。公司 与北京卫蓝新能源科技有限公司、淄博景能科技有限公司共同出资成立卫蓝海博（淄博）新能源科技有 限公司。公司与卫蓝新能源的合作主要通过合资公司，深入研究和合作开发半固态电池，在大容量、长 寿命、低成本的基础上，实现储能电池的本质安全，目前合作研发的半固态电池已应用于实际储能项 目。 ...

Group 1 - The stock price of Haibo Sichuang has dropped by 3.82% to 220.06 CNY per share, with a trading volume of 1.109 billion CNY and a turnover rate of 13.05%, resulting in a total market capitalization of 39.631 billion CNY. The stock has experienced a continuous decline for six days, with a cumulative drop of 12.68% during this period [1] - Haibo Sichuang, established on November 4, 2011, is located in Haidian District, Beijing. The company focuses on the research, production, and sales of electrochemical energy storage systems, providing a full range of energy storage system products and one-stop overall solutions for clients across the entire "source-network-load" industry chain, including traditional power generation, renewable energy generation, smart grids, and end power users [1] - The main business revenue composition of Haibo Sichuang includes 99.77% from energy storage systems, 0.10% from new energy vehicle leasing, 0.07% from other services, and 0.06% from technical services [1] Group 2 - Dongwu Fund has one fund heavily invested in Haibo Sichuang, specifically Dongwu Anxiang Quantitative Mixed A (580007), which reduced its holdings by 3,722 shares in the third quarter, now holding 8,590 shares, accounting for 7.02% of the fund's net value, ranking as the fourth-largest holding [2] - The estimated floating loss for Dongwu Anxiang Quantitative Mixed A today is approximately 75,200 CNY, with a total floating loss of 274,500 CNY during the six-day decline [2] - Dongwu Anxiang Quantitative Mixed A was established on June 29, 2010, with a latest scale of 21.384 million CNY. Year-to-date return is 0.69%, ranking 7,850 out of 8,836 in its category, while the one-year return is 46.64%, ranking 2,776 out of 8,091 [2]

Investment Rating - The report maintains a "Buy" rating for several companies, including Aishuo Co., Ltd. (600732.SH), Daqian Energy (688303.SH), Haibo Sichuang (688411.SH), Sungrow Power Supply (300274.SZ), Flat Glass Group (601865.SH), Longxin Group (300682.SZ), and Quartz Co., Ltd. (603688.SH) [2] Core Insights - The solar industry has experienced a decline in new installations, with November 2025 seeing a 11.9% year-on-year decrease, totaling 22.0 GW. However, the cumulative new installations from January to November 2025 reached 274.89 GW, reflecting a 33.2% increase year-on-year [3][13] - Solar module exports in November 2025 amounted to 171.4 billion yuan, marking a 33.9% year-on-year increase and a 6.6% month-on-month increase. The cumulative export value from January to November 2025 was 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports also showed positive growth, with November 2025 exports reaching 54.5 billion yuan, a 25.6% year-on-year increase and a 13.0% month-on-month increase. The cumulative export value for inverters from January to November 2025 was 587.5 billion yuan, up 8.7% year-on-year [4][28] - Solar power generation in November 2025 increased by 23.4% year-on-year, contributing to 5.29% of the total national power generation, which was 7792 billion kWh, a 2.7% increase year-on-year [5][41] Summary by Sections New Installations - November 2025 saw a domestic solar installation of 22.0 GW, down 11.9% year-on-year but up 74.8% month-on-month. Cumulative installations for the year reached 274.89 GW, up 33.2% year-on-year [3][13] Exports - Solar module exports in November 2025 were 171.4 billion yuan, up 33.9% year-on-year and 6.6% month-on-month. Cumulative exports for the year were 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports reached 54.5 billion yuan in November 2025, a 25.6% year-on-year increase and a 13.0% month-on-month increase. Cumulative exports for the year were 587.5 billion yuan, up 8.7% year-on-year [4][28] Power Generation - Solar power generation in November 2025 was 412.2 billion kWh, reflecting a 23.4% year-on-year increase and accounting for 5.29% of total national power generation [5][41] Investment Recommendations - The report recommends focusing on companies such as Aishuo Co., Ltd. for new technology, Daqian Energy and Flat Glass Group for supply-side initiatives, Haibo Sichuang and Sungrow Power Supply for energy storage, Longxin Group for market-oriented strategies, and Quartz Co., Ltd. for domestic substitution [5][46]

Investment Rating - The report maintains an "Outperform" rating for the industry [2] Core Insights - The space photovoltaic sector is gaining attention as leading companies increase investment in perovskite solar cell research and industrialization, which is expected to open new application scenarios for photovoltaics [6][7] - The deep-sea wind power project in Shandong has received approval, marking significant progress in the development of offshore wind energy, with expectations for substantial growth in this sector [6][11] - The energy storage and hydrogen sectors are seeing regulatory efforts to standardize competition, aiming to improve market order and sustainability [7] Summary by Sections Wind Power - The Shandong deep-sea wind power project has been approved, with a total capacity of 3000MW, utilizing 214 wind turbines of 14MW each [11] - The wind power index increased by 10.39%, outperforming the CSI 300 index by 7.60 percentage points, with a current PE_TTM of approximately 27.30 times [12] - The approval of the project indicates a significant advancement in offshore wind energy, supported by technological maturity and favorable policies [11] Photovoltaics - The space photovoltaic concept is gaining traction, with companies focusing on perovskite solar cells due to their lightweight and high-efficiency characteristics, which are suitable for space applications [6] - The photovoltaic equipment index rose by 3.86%, with the solar cell component index increasing by 5.82% [5] - The current PE_TTM for the photovoltaic sector is around 47.28 times, indicating strong market interest [5] Energy Storage & Hydrogen - A meeting held by various government bodies highlighted the rapid development of the energy storage and hydrogen battery industries, emphasizing the need for regulatory measures to curb irrational competition [7] - The energy storage index increased by 5.74%, with a current PE_TTM of 31.06 times, reflecting a healthy market outlook [5] - Recommendations for investment include companies with strong competitive positions in energy storage and distributed energy sectors [7]