一、股票交易异常波动的情况 深圳科士达科技股份有限公司（以下简称"公司"）股票交易价格连 续两个交易日（2025年11月6日、2025年11月7日）收盘价格涨幅偏离值 累计超过20%，根据深圳证券交易所的有关规定，属于股票交易异常波动 的情况。 二、公司关注并核实相关情况 针对公司股票异常波动情况，根据相关规定的要求，公司对有关事项 进行了核查，现就相关情况说明如下： 证券代码：002518 证券简称：科士达 公告编号：2025-041 深圳科士达科技股份有限公司 关于股价异动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 三、是否存在应披露而未披露的说明 公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市 规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商 谈、意向、协议等；董事会也未获悉公司有其他根据《深圳证券交易所股 票上市规则》等有关规定应予以披露而未披露的、对公司股票及其衍生品 种交易价格产生较大影响的信息；公司前期披露的信息不存在需要更正、 补充之处。 四、风险提示 1、经自查，公司不存在违反信息公平披露的情形。 1 ...

证券之星消息，11月7日其他电源设备板块较上一交易日下跌0.87%，海博思创领跌。当日上证指数报收 于3997.56，下跌0.25%。深证成指报收于13404.06，下跌0.36%。其他电源设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002255 | ■體題 | 14.38 | 10.02% | 163.33万 | | 23.07亿 | | 002518 | 科士达 | 53.60 | 9.99% | 29.22万 | | 15.13亿 | | 002851 | 麦格米特 | 86.12 | 2.33% | 46.82万 | | 40.06 Z | | 688719 | 爱科赛博 | 39.87 | 1.01% | 1.82万 | | 7179.01万 | | 002227 | 奥特迅 | 13.69 | 0.51% | 5.96万 | | 8141.26万 | | 688551 | 科威尔 | 40.71 | 0.39% | 1.81万 | | 7 ...

中国经济网北京11月7日讯 科士达(SZ:002518)今日股价涨停，截至收盘报53.60元，涨幅9.99%，总 市值312.07亿元。该股此前1个交易日涨停。 （责任编辑：康博） ...

Group 1: Market Performance and Liquidity - The battery ETF managed by Jiashi has a turnover rate of 3.45% and a transaction volume of 49.24 million yuan as of November 6 [3] - The average daily transaction volume for the battery ETF over the past month is 126 million yuan, with a total scale reaching 1.428 billion yuan [3] - The net value of the battery ETF has increased by 5.90% over the past three years, with the highest monthly return since inception being 39.76% and the longest consecutive monthly gain lasting six months [3] Group 2: Industry Growth and Projections - As of September 30, China's new energy storage capacity exceeded 100 million kilowatts, representing a growth of over 30 times compared to the end of the 13th Five-Year Plan, accounting for over 40% of the global total [3] - China's new energy vehicle production and sales have ranked first globally for ten consecutive years, with a projected global market share of 63.7% in 2024 and an estimated sales volume of 16 million units in 2025 [3] - The lithium battery industry is expected to reach a scale of 1.2 trillion yuan by 2024, primarily driven by power batteries and energy storage batteries, with China's share of global power batteries increasing from 38.35% in 2020 to 68.79% in 2025 [3] Group 3: Market Sentiment and Stock Performance - The electric equipment (battery) industry is gaining market attention, with a shift in investment focus from TMT sectors to electric equipment, indicating increased investor interest [4] - As of October 31, 2025, the top ten weighted stocks in the China Securities Battery Theme Index include companies like Sungrow Power, CATL, and EVE Energy, collectively accounting for 56.8% of the index [4] Group 4: Stock Performance Details - The stock performance of key companies includes: Sungrow Power (-1.64%, 14.31% weight), CATL (-0.51%, 8.95% weight), EVE Energy (1.73%, 6.94% weight), and others with varying performance and weight [6]

Core Viewpoint - The photovoltaic sector is showing strong performance, with the China Securities Photovoltaic Industry Index rising by 1.2%. Major companies are planning to form a consortium to eliminate excess capacity and settle accumulated debts, potentially leading to a new phase of "anti-involution" in the industry [1] Group 1: Market Performance - As of 11:10, the China Securities Photovoltaic Industry Index increased by 1.2% [1] - Key stocks such as Hongyuan Green Energy hit the upper limit, Keda surged over 8%, and Tongwei Co. and Daqo New Energy rose over 7% [1] - The photovoltaic ETF E Fund (562970) experienced significant trading volume during the session [1] Group 2: Industry Developments - Leading polysilicon companies are planning to establish a consortium with a total investment of 20 billion to 30 billion yuan, aimed at eliminating some production capacity and settling industry debts [1] - The implementation of polysilicon storage is expected to alleviate the current overcapacity situation and accelerate profit recovery for companies [1] - The industry supply-demand relationship is anticipated to gradually return to balance through capacity restriction and optimization [1] Group 3: Future Outlook - Continuous release of downstream demand and the execution of "anti-involution" policies are expected to improve the industry's fundamentals [1] - Leading companies are likely to benefit significantly from the optimization of the industry structure [1] - The China Securities Photovoltaic Industry Index covers 50 representative stocks across the photovoltaic supply chain, which are expected to benefit from the "anti-involution" trend and profit recovery expectations [1]

Core Viewpoint - The A-share market experienced a decline today, but the photovoltaic sector showed resilience with significant gains in several key stocks, indicating a potential recovery in the industry [1]. Industry Summary - The photovoltaic sector saw stocks like Kstar, Tongwei Co., and Daqo New Energy rise over 6%, while Canadian Solar and LONGi Green Energy increased by over 4% [1]. - The Photovoltaic 50 ETF (516880) surged over 2% during trading, reflecting positive market sentiment towards the sector [1]. - Analysts noted that the photovoltaic industry has achieved some positive results in reducing competition, with upstream segments expected to significantly reduce losses in Q3 [1]. - The energy storage sector is experiencing strong supply and demand dynamics, with both domestic and international demand resonating, leading to a shortage of new energy storage components [1]. - Leading battery manufacturers are operating at full capacity, and battery prices continue to rise, indicating a robust supply chain capable of price transmission [1]. - The overall outlook for energy storage remains optimistic, with sustained industry prosperity anticipated [1]. Company Summary - The Photovoltaic 50 ETF (516880) tracks the CSI Photovoltaic Industry Index, which selects up to 50 representative listed companies involved in the photovoltaic industry chain to reflect the overall performance of these securities [1].

Group 1 - The photovoltaic sector is experiencing a strong performance, with the China Securities Photovoltaic Industry Index rising by 2.09% as of the report date, and key stocks such as Keda, Tongwei, and others increasing by over 6% [1] - The Photovoltaic 50 ETF (516880) also saw a rise of 2.01% during trading, with a trading volume exceeding 26 million yuan, indicating active market participation [1] - As of November 6, the Photovoltaic 50 ETF (516880) has achieved a year-to-date share growth rate of 95%, closely tracking the China Securities Photovoltaic Industry Index [1] Group 2 - A consortium platform for the restructuring of polysilicon is being planned, with an estimated fund size of around 70 billion yuan, utilizing a leveraged acquisition strategy [2] - The photovoltaic industry chain is expected to undergo a value reconstruction, with Q3 showing a trend of reduced losses in the photovoltaic main chain, indicating potential performance improvements [2] - The industry is currently at the bottom of the cycle, and there are recommendations to actively position for the "anti-involution" market, focusing on supply-side structural reforms and opportunities from new technological changes [2]

Summary of Conference Call Notes Industry Overview - The conference call discusses the performance of the China Industrial Tech sector, focusing on various companies within the industry, particularly in the areas of AI, energy storage systems (ESS), and consumer electronics. Key Highlights 1. **3Q25 Results**: - The sector average revenue and operating profit increased by 18% and 17% year-over-year respectively, with results mostly in-line with expectations [1][2] - Notable performance drivers included: - Capacity buildout by major domestic PCB customers for AI applications, particularly Hans Laser [1] - Capital expenditures in batteries and consumer electronics [1] - Strong demand in AIDC power and ESS, along with export demand [1] - Liquid cooling technology advancements [1] - Market share gains in the industrial automation segment [1] - Effective cost control leading to margin improvements [1] - Expansion into new technology markets such as infrared [1] 2. **Challenges Faced**: - Smaller players struggled with scaling and profitability [1] - Prolonged capital expenditure weakness in process automation sectors like steel and chemicals [1] - Delays in defense orders impacting AVIC Jonhon [1] - Margin deterioration due to high exposure to precious metals [1] 3. **Margin Trends**: - Smaller companies like HCFA are more vulnerable in a deflationary environment with ASP pressure [2] - AVIC Jonhon faced margin deterioration due to precious metal price hikes [2] - Larger players like Sanhua achieved margin beats through stringent cost control [2] - Kstar's ESS segment gross profit margin improved by over 3 percentage points due to a favorable product mix [2] Actionable Investment Ideas 1. **Buy Recommendations**: - Hans Laser: Strong demand in PCB and consumer electronics [3] - Kstar: Beneficiary of AIDC power and overseas ESS growth [3] - Inovance: Resilient performance in industrial automation [3] - Nari Tech and Centre Testing: Defensive plays with stable margins [3] 2. **Sell Recommendations**: - Raycus: Limited military end-market sales [3] - Baosight: Continued weakness in domestic steel industry capex [3] - Sanhua-A: Potential profit-taking pressure due to optimistic market expectations [3] Sector Focus Areas 1. **AI Demand**: - Hans Laser is experiencing strong growth in PCB equipment sales driven by capex expansion from key customers like Victory Giant [6] - Kstar anticipates higher sales growth in data center products due to increasing orders from domestic and overseas customers [6] 2. **Energy Storage**: - Sungrow expects 40%-50% global ESS installation growth in 2026, driven by renewable energy needs and market-driven policies in China [7] - Kstar aims to double its ESS sales growth in 2025, supported by positive demand outlook [7] 3. **Consumer Electronics**: - OPT anticipates stronger demand due to shifts in product form factors, particularly with Apple's upcoming products [8] - Han's Laser is benefiting from solid demand for iPhone 17 and next-generation smartphone equipment [8] 4. **Overseas Expansion**: - Hongfa has a dominant market share in HVDC relays and is expanding capacity in Germany and Indonesia to meet EV demand [10] - Inovance is also expanding overseas to support sales growth in EV powertrain products [10] Additional Insights - The conference call highlighted the importance of product mix and cost control in maintaining margins amid challenging market conditions [2][3] - The outlook for the sector remains positive, particularly in AI and energy storage, despite some challenges faced by smaller players and specific sectors [6][7][8]

Market Overview - The other power equipment sector increased by 4.02% compared to the previous trading day, with HaiLu Heavy Industry leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Notable gainers in the other power equipment sector included: - 002255 HaiLu Heavy Industry: Closed at 13.07, up 10.02% with a trading volume of 51,400 shares [1] - 002518 Keda Technology: Closed at 48.73, up 10.00% with a trading volume of 238,300 shares [1] - 002851 Magpower: Closed at 84.16, up 10.00% with a trading volume of 440,500 shares [1] - 300870 Oulu Dao: Closed at 218.20, up 9.85% with a trading volume of 84,900 shares [1] - 002534 Xizi Clean Energy: Closed at 18.24, up 6.67% with a trading volume of 524,400 shares [1] Capital Flow - The other power equipment sector saw a net inflow of 1.819 billion yuan from institutional investors, while retail investors experienced a net outflow of 886 million yuan [2] - Key stocks with significant capital flow included: - 002851 Magpower: Net inflow of 770 million yuan from institutional investors [3] - 601727 Shanghai Electric: Net inflow of 513 million yuan from institutional investors [3] - 300153 Keta Power: Net inflow of 194 million yuan from institutional investors [3]

Core Viewpoint - The A-share market has seen a strong performance in the power equipment sector, with several stocks hitting the daily limit up, indicating positive investor sentiment and potential growth in this industry [1]. Group 1: Stock Performance - HaiLu Heavy Industry (002255) increased by 10.02%, with a market capitalization of 10.9 billion and a year-to-date increase of 136.48% [2]. - Xizi Clean Energy (002534) rose by 10.00%, with a market capitalization of 15.7 billion and a year-to-date increase of 72.29% [2]. - Keda Technology (002518) also saw a 10.00% increase, with a market capitalization of 28.4 billion and a year-to-date increase of 118.54% [2]. - Deyang Co., Ltd. (605117) increased by 7.68%, with a market capitalization of 78.9 billion and a year-to-date increase of 50.13% [2]. - Zhenjiang Co., Ltd. (603507) rose by 6.92%, with a market capitalization of 4.899 billion and a year-to-date increase of 11.89% [2]. - KOTAI Power (300153) increased by 6.05%, with a market capitalization of 1.17 billion and a year-to-date increase of 131.40% [2]. - Dongfang Risen (300118) rose by 5.14%, with a market capitalization of 14.5 billion and a year-to-date increase of 5.84% [2]. Group 2: Technical Indicators - The formation of a MACD golden cross signal suggests a bullish trend for these stocks, indicating potential further price increases in the near future [1].