632 lines
40 KiB
HTML
632 lines
40 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>储能 - 深度行业研究报告</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.x.x/dist/cdn.min.js"></script>
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<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
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<link rel="preconnect" href="https://fonts.googleapis.com">
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<link rel="preconnect" href="https://fonts.gstatic.com" crossorigin>
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<link href="https://fonts.googleapis.com/css2?family=Inter:wght@300;400;500;600;700&family=Noto+Sans+SC:wght@300;400;500;700&display=swap" rel="stylesheet">
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<style>
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body {
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font-family: 'Inter', 'Noto Sans SC', sans-serif;
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background-color: #0c0a18;
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background-image:
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radial-gradient(ellipse at 20% 80%, rgba(118, 7, 243, 0.2) 0%, transparent 50%),
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radial-gradient(ellipse at 80% 10%, rgba(7, 137, 243, 0.2) 0%, transparent 50%),
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radial-gradient(ellipse at 70% 90%, rgba(243, 7, 161, 0.15) 0%, transparent 50%);
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overflow-x: hidden;
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color: #e0e0e0;
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}
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.glass-card {
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background: rgba(23, 23, 43, 0.5);
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backdrop-filter: blur(12px);
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-webkit-backdrop-filter: blur(12px);
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border: 1px solid rgba(100, 100, 150, 0.2);
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border-radius: 1.5rem; /* 24px */
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transition: all 0.3s ease;
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}
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.glass-card:hover {
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transform: translateY(-5px);
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box-shadow: 0 10px 30px rgba(0, 0, 0, 0.2), 0 0 20px rgba(118, 7, 243, 0.3);
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border-color: rgba(118, 7, 243, 0.4);
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}
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.bento-grid {
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display: grid;
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gap: 1.5rem;
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grid-template-columns: repeat(12, 1fr);
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}
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.bento-item {
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grid-column: span 12;
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}
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@media (min-width: 768px) {
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.bento-item-span-4 { grid-column: span 4; }
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.bento-item-span-6 { grid-column: span 6; }
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.bento-item-span-8 { grid-column: span 8; }
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.bento-item-span-12 { grid-column: span 12; }
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}
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.section-title {
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font-size: 2.5rem;
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font-weight: 700;
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text-shadow: 0 0 15px rgba(160, 100, 255, 0.7);
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background: -webkit-linear-gradient(45deg, #a855f7, #60a5fa);
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-webkit-background-clip: text;
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-webkit-text-fill-color: transparent;
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.glow-divider {
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height: 2px;
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background: linear-gradient(90deg, transparent, #a855f7, transparent);
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border: none;
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margin: 2rem 0;
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}
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.table thead th, .table tbody td {
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background-color: transparent;
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}
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.table thead th {
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border-bottom: 1px solid rgba(160, 100, 255, 0.5);
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color: #c0c0c0;
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}
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.table tbody tr {
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border-bottom: 1px solid rgba(100, 100, 150, 0.2);
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}
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.stat-value {
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color: #a855f7;
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.collapse-title {
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font-size: 1.125rem;
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font-weight: 600;
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}
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</style>
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</head>
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<body class="min-h-screen">
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<div class="absolute top-0 left-0 w-full h-full z-[-1] overflow-hidden">
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<div class="absolute top-[-20%] left-[-20%] w-[60vw] h-[60vw] bg-purple-500/10 rounded-full filter blur-3xl animate-pulse"></div>
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<div class="absolute bottom-[-10%] right-[-10%] w-[50vw] h-[50vw] bg-blue-500/10 rounded-full filter blur-3xl animate-pulse animation-delay-4000"></div>
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</div>
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<div class="container mx-auto p-4 md:p-8 text-gray-300">
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<!-- Header -->
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<header class="text-center my-8 md:my-16">
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<h1 class="text-5xl md:text-7xl font-bold tracking-tighter bg-clip-text text-transparent bg-gradient-to-br from-gray-200 via-purple-300 to-blue-300">
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储能
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</h1>
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<p class="mt-4 text-lg text-gray-400">深度行业研究报告</p>
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<p class="text-sm text-gray-500 mt-2">北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
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</header>
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<!-- Concept Insight -->
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<section x-data="{}" class="space-y-8">
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<h2 class="section-title text-center">概念洞察 (Concept Insight)</h2>
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<!-- Core Viewpoint Card -->
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-2xl font-bold text-purple-300 mb-4">核心观点摘要</h3>
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<p class="text-base leading-relaxed">储能行业正经历从政策强制配置到市场化经济性驱动的深刻变革，其核心驱动力已转变为<strong class="text-cyan-300">“政策理顺商业模式+需求爆发”</strong>的双轮驱动。当前，行业已进入基本面驱动的早期阶段，全球需求共振，产业链出现供需紧张信号，但项目实际盈利能力和商业模式的成熟度仍是未来发展的关键验证点，长期增长空间巨大。</p>
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</div>
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<!-- Events Timeline -->
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-2xl font-bold text-purple-300 mb-6">概念关键事件演进</h3>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-blue-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2024 H1 & Before</time>
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<div class="text-lg font-black text-blue-300">市场奠基与分化</div>
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欧洲户储需求疲软（德国户储同比下降12-42%），美国大储强劲增长（1-6月并网同比+126.5%）。国内市场价格持续下行至0.55元/Wh，竞争激烈。长时储能技术处于探索阶段。
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</div>
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<hr class="bg-blue-400"/>
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</li>
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<li>
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<hr class="bg-purple-400"/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-purple-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-end mb-10">
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<time class="font-mono italic text-gray-400">2024 End - 2025 Mid</time>
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<div class="text-lg font-black text-purple-300">政策拐点与需求爆发</div>
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136号文等政策确立<strong class="text-white">容量电价</strong>核心地位，商业模式迎来质变。甘肃、河南等地政策落地，IRR可达8-10%。国内招标井喷（25年1-8月达272GWh, 同比+191%），海外市场（美国、欧洲、中东）加速，国产厂商海外订单超160GWh。
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</div>
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<hr class="bg-purple-400"/>
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</li>
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<li>
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<hr class="bg-fuchsia-400"/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-fuchsia-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2025 H2 & Beyond</time>
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<div class="text-lg font-black text-fuchsia-300">供需反转与价值重估</div>
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需求超预期爆发，储能电芯出现紧缺并开始提价（1-2分/Wh）。国家规划明确2027年装机≥180GW目标，提供长期确定性。中国龙头企业（特斯拉上海、比亚迪、天合）全球竞争力凸显。
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</div>
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<hr/>
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</li>
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</ul>
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</div>
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<!-- Core Logic & Market Analysis -->
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-2xl font-bold text-purple-300 mb-6">核心逻辑与市场认知分析</h3>
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<div class="space-y-6">
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<div>
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<h4 class="text-lg font-semibold text-cyan-300 mb-2">核心驱动力</h4>
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<ul class="list-disc list-inside space-y-2 text-gray-300">
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<li><strong class="text-white">政策重塑商业模式 (根本驱动):</strong> 以136号文为代表的政策确立了“容量电价”机制，使储能从成本项转为可盈利的市场主体，IRR提升至6%-10%，是行业从“0到1”质变的最根本逻辑。</li>
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<li><strong class="text-white">新能源发展的刚性需求 (需求基础):</strong> 解决光伏、风电的间歇性问题，是行业“1到N”增长的广阔空间来源。</li>
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<li><strong class="text-white">成本下降与技术进步 (催化剂):</strong> 锂电池系统成本大幅下降，大容量电芯、液冷温控等技术进步持续提升效率与安全。</li>
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</ul>
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</div>
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<div>
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<h4 class="text-lg font-semibold text-cyan-300 mb-2">市场热度与情绪</h4>
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<p>市场热度极高，情绪整体<strong class="text-fuchsia-400">高度乐观</strong>。“同比增长”、“创历史新高”等词汇频繁出现。特别是2025年下半年以来，随着招标数据屡创新高和电芯涨价，市场对储能进入量价齐升新周期的预期非常强烈。</p>
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</div>
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<div class="border-t border-purple-800 pt-6">
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<h4 class="text-lg font-semibold text-orange-300 mb-2">预期差分析 (关键洞察)</h4>
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<div class="space-y-4">
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<div class="p-4 border-l-4 border-green-400 bg-green-900/20 rounded-r-lg">
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<h5 class="font-bold text-green-300">正向预期差</h5>
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<p>市场可能低估了<strong class="text-white">海外新兴市场的爆发力</strong>（中东、亚非拉）和<strong class="text-white">国内需求从被动到主动的转变速度</strong>。25年上半年国产厂商海外订单已超160GWh，独立储能招标占比远超新能源配储，表明市场化驱动比预想中更强劲。</p>
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</div>
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<div class="p-4 border-l-4 border-red-400 bg-red-900/20 rounded-r-lg">
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<h5 class="font-bold text-red-300">潜在负向预期差 (关键风险点)</h5>
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<p>市场的宏大叙事与路演中项目运营方的<strong class="text-white">实际情况存在显著温差</strong>。南网储能路演揭示：
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<br>1. <strong class="text-white">实际盈利能力待考验:</strong> 示范项目核定收益率仅约5%，远低于市场预期。
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<br>2. <strong class="text-white">政策落地复杂性:</strong> 参与现货市场时，80%电量收益需在下一周期核减，抑制了市场化积极性。
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<br>3. <strong class="text-white">投资决策审慎:</strong> 大型央企因政策不明朗而暂缓扩张，设定IRR至少5%的投资门槛。</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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</section>
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<hr class="glow-divider">
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<!-- Data Dashboard -->
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<section class="my-16">
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<h2 class="section-title text-center mb-8">市场数据仪表盘</h2>
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<div class="bento-grid">
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<div class="bento-item bento-item-span-8 glass-card p-6">
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<h3 class="text-xl font-bold text-purple-300 mb-4">国内储能招/中标趋势 (GWh)</h3>
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<div id="bidding-chart" class="w-full h-80"></div>
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</div>
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<div class="bento-item bento-item-span-4 glass-card p-6 flex flex-col justify-center">
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<h3 class="text-xl font-bold text-purple-300 mb-4">全球市场展望</h3>
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<div class="stats stats-vertical bg-transparent">
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<div class="stat">
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<div class="stat-title">2024年全球出货预测</div>
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<div class="stat-value text-3xl">240 GWh</div>
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<div class="stat-desc">实际装机 178-185 GWh</div>
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</div>
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<div class="stat">
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<div class="stat-title">2026年全球需求预测</div>
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<div class="stat-value text-3xl">~800 GWh</div>
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<div class="stat-desc">同比增速 ~40%+</div>
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</div>
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</div>
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</div>
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<div class="bento-item bento-item-span-4 glass-card p-6">
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<h3 class="text-xl font-bold text-purple-300 mb-4">国内系统中标均价 (元/Wh)</h3>
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<div id="price-chart" class="w-full h-80"></div>
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</div>
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<div class="bento-item bento-item-span-8 glass-card p-6">
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<h3 class="text-xl font-bold text-purple-300 mb-4">全球主要市场动态</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-4 h-full">
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<div class="p-4 bg-gray-800/30 rounded-xl">
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<h4 class="font-bold text-blue-300">🇺🇸 美国</h4>
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<p class="text-sm">大储市场持续高增，IRR可达29%。25年Q1新增容量同比+159.2%。</p>
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</div>
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<div class="p-4 bg-gray-800/30 rounded-xl">
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<h4 class="font-bold text-green-300">🇪🇺 欧洲</h4>
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<p class="text-sm">户储去库存结束，大储开始爆发。中国龙头阳光电源份额超30%，宁德时代超50%。</p>
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</div>
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<div class="p-4 bg-gray-800/30 rounded-xl">
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<h4 class="font-bold text-yellow-300">🇨🇳 中国</h4>
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<p class="text-sm">招标量屡创新高，独立储能成主力。8月招标69.4GWh，刷新历史记录。</p>
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</div>
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<div class="p-4 bg-gray-800/30 rounded-xl">
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<h4 class="font-bold text-orange-300">🌏 中东 & 新兴市场</h4>
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<p class="text-sm">成为新蓝海，沙特、阿联酋公布数十GWh级项目。南非、巴基斯坦市场爆发。</p>
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</div>
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</div>
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</div>
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</div>
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</section>
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<hr class="glow-divider">
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<!-- Catalysts & Future Path -->
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<section class="my-16">
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<h2 class="section-title text-center mb-8">关键催化剂与未来路径</h2>
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<div class="grid md:grid-cols-2 gap-8">
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-2xl font-bold text-purple-300 mb-6">近期催化剂 (未来3-6个月)</h3>
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<ul class="space-y-4">
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<li class="flex items-start">
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<svg class="w-6 h-6 text-cyan-400 mr-3 flex-shrink-0 mt-1" fill="none" stroke="currentColor" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 12l2 2 4-4M7.835 4.697a3.42 3.42 0 001.946-.806 3.42 3.42 0 014.438 0 3.42 3.42 0 001.946.806 3.42 3.42 0 013.138 3.138 3.42 3.42 0 00.806 1.946 3.42 3.42 0 010 4.438 3.42 3.42 0 00-.806 1.946 3.42 3.42 0 01-3.138 3.138 3.42 3.42 0 00-1.946.806 3.42 3.42 0 01-4.438 0 3.42 3.42 0 00-1.946-.806 3.42 3.42 0 01-3.138-3.138 3.42 3.42 0 00-.806-1.946 3.42 3.42 0 010-4.438 3.42 3.42 0 00.806-1.946 3.42 3.42 0 013.138-3.138z"></path></svg>
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<div>
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<h4 class="font-semibold">全国性容量电价政策落地</h4>
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<p class="text-sm text-gray-400">从省级试点走向全国统一，将是引爆行业的关键一步。</p>
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</div>
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</li>
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<li class="flex items-start">
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<svg class="w-6 h-6 text-cyan-400 mr-3 flex-shrink-0 mt-1" fill="none" stroke="currentColor" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 7h8m0 0v8m0-8l-8 8-4-4-6 6"></path></svg>
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<div>
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<h4 class="font-semibold">储能电芯价格持续上涨</h4>
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<p class="text-sm text-gray-400">证实产业链供需格局根本性反转，修复集成商盈利能力。</p>
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</div>
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</li>
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<li class="flex items-start">
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<svg class="w-6 h-6 text-cyan-400 mr-3 flex-shrink-0 mt-1" fill="none" stroke="currentColor" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M3.055 11H5a2 2 0 012 2v1a2 2 0 002 2h1a2 2 0 002-2v-1a2 2 0 012-2h1.945M7.737 14.263L6.5 16.5m11-2.237L17.5 16.5m-10-5H5a2 2 0 00-2 2v1a2 2 0 01-2 2h1a2 2 0 012-2v-1a2 2 0 00-2-2h-1.945M16.263 9.263L17.5 7.5m-11 2.237L6.5 7.5"></path></svg>
|
||
<div>
|
||
<h4 class="font-semibold">中东GWh级项目授标</h4>
|
||
<p class="text-sm text-gray-400">沙特、阿联酋巨型项目若授标中国企业，将是全球竞争力的有力证明。</p>
|
||
</div>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
<div class="glass-card p-6 md:p-8">
|
||
<h3 class="text-2xl font-bold text-purple-300 mb-6">长期发展路径</h3>
|
||
<ol class="space-y-4 relative border-l-2 border-purple-700/50 pl-6">
|
||
<li class="mb-6">
|
||
<span class="absolute flex items-center justify-center w-6 h-6 bg-blue-900 rounded-full -left-3 ring-8 ring-blue-900/50">1</span>
|
||
<h4 class="font-semibold text-blue-300">第一阶段 (当前-2027): 市场化模式确立期</h4>
|
||
<p class="text-sm text-gray-400">独立储能项目普遍盈利(IRR>8%)，利用率提升至60%以上，完成国家180GW装机目标。</p>
|
||
</li>
|
||
<li class="mb-6">
|
||
<span class="absolute flex items-center justify-center w-6 h-6 bg-purple-900 rounded-full -left-3 ring-8 ring-purple-900/50">2</span>
|
||
<h4 class="font-semibold text-purple-300">第二阶段 (2027-2030): 多元化技术应用期</h4>
|
||
<p class="text-sm text-gray-400">4小时以上长时储能成主流，钠离子、液流等非锂电技术占据重要份额。</p>
|
||
</li>
|
||
<li>
|
||
<span class="absolute flex items-center justify-center w-6 h-6 bg-fuchsia-900 rounded-full -left-3 ring-8 ring-fuchsia-900/50">3</span>
|
||
<h4 class="font-semibold text-fuchsia-300">第三阶段 (2030以后): 生态融合与全球引领期</h4>
|
||
<p class="text-sm text-gray-400">深度融入电力系统，成为VPP、V2G核心节点。中国企业主导全球标准和供应链，全球需求达96.4TWh。</p>
|
||
</li>
|
||
</ol>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<hr class="glow-divider">
|
||
|
||
<!-- Research and Roadshow Insights -->
|
||
<section class="my-16">
|
||
<h2 class="section-title text-center mb-8">研报与路演精粹</h2>
|
||
<div x-data="{ tab: 'reports' }" class="glass-card p-6 md:p-8">
|
||
<div class="tabs tabs-boxed bg-black/20 mb-6">
|
||
<a class="tab tab-lg" :class="{'tab-active': tab === 'reports'}" @click="tab = 'reports'">研报核心观点</a>
|
||
<a class="tab tab-lg" :class="{'tab-active': tab === 'roadshows'}" @click="tab = 'roadshows'">路演关键信息</a>
|
||
</div>
|
||
|
||
<div x-show="tab === 'reports'">
|
||
<div class="join join-vertical w-full">
|
||
<div class="collapse collapse-arrow join-item border border-base-300/50">
|
||
<input type="radio" name="my-accordion-4" checked="checked" />
|
||
<div class="collapse-title text-purple-300">行业综合研报</div>
|
||
<div class="collapse-content prose prose-invert max-w-none text-gray-300">
|
||
<ul>
|
||
<li><strong>技术路线:</strong> 锂电池主导，钠离子（成本潜力）、液流（长时）、压缩空气（大规模）等多元发展。</li>
|
||
<li><strong>市场规模:</strong> 预计2030年全球市场超1000亿美元，中国目标100GW。</li>
|
||
<li><strong>政策驱动:</strong> 中国“十四五”规划、美国《通胀削减法案》、欧盟《净零工业法案》是全球三大政策引擎。</li>
|
||
<li><strong>未来趋势:</strong> 长时储能(LDES)、光储充V2G混合系统、AI+VPP（虚拟电厂）是核心方向。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow join-item border border-base-300/50">
|
||
<input type="radio" name="my-accordion-4" />
|
||
<div class="collapse-title text-purple-300">工商业储能专题</div>
|
||
<div class="collapse-content prose prose-invert max-w-none text-gray-300">
|
||
<ul>
|
||
<li><strong>核心驱动:</strong> 峰谷价差是工商业储能套利的核心。多省市完善分时电价机制。</li>
|
||
<li><strong>投资模式:</strong> 当前以“合同能源管理(EMC)”为主，业主提供场地、服务方投资运营并分享收益。</li>
|
||
<li><strong>发展热点:</strong> 浙江、江苏、广东发展最快，补贴政策丰富，回收期可小于四年。</li>
|
||
<li><strong>未来模式:</strong> “工商业储能 + 虚拟电厂”双轮驱动模式将不断成熟。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow join-item border border-base-300/50">
|
||
<input type="radio" name="my-accordion-4" />
|
||
<div class="collapse-title text-purple-300">新型储能产业白皮书</div>
|
||
<div class="collapse-content prose prose-invert max-w-none text-gray-300">
|
||
<ul>
|
||
<li><strong>产业规模:</strong> 2024年底中国新型储能累计78.3GW/184.2GWh，同比增长超120%。源网侧占90%。</li>
|
||
<li><strong>价格趋势:</strong> 2024年系统中标均价628元/kWh，同比下降43%；EPC均价1181元/kWh，同比上升27.3%。</li>
|
||
<li><strong>技术创新:</strong> 314Ah电芯成主流，向500Ah+发展；液冷成为主流温控技术；构网型PCS成趋势。</li>
|
||
<li><strong>出口情况:</strong> 2024年中国企业储能锂电池产量超300GWh，签约海外大单超150GWh。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="tab === 'roadshows'">
|
||
<div class="join join-vertical w-full">
|
||
<div class="collapse collapse-arrow join-item border border-base-300/50">
|
||
<input type="radio" name="my-accordion-5" checked="checked" />
|
||
<div class="collapse-title text-orange-300">南网储能专项路演 (关键现实检验)</div>
|
||
<div class="collapse-content prose prose-invert max-w-none text-gray-300">
|
||
<ul>
|
||
<li><strong>盈利现状:</strong> 示范性新型储能项目(佛山宝塘)政府核定收益率仅约<strong class="text-white">5%</strong>，利润率较低(毛利27%)，无法弥补抽蓄业务因电价调整带来的利润下滑。</li>
|
||
<li><strong>政策执行挑战:</strong> 参与现货市场时，80%电量收益需在下一监管周期核减，极大抑制了市场化交易积极性。</li>
|
||
<li><strong>投资策略:</strong> 因政策不明朗，公司暂缓大规模扩张，设定了<strong class="text-white">IRR至少5%</strong>的投资门槛。</li>
|
||
<li><strong>业务规划:</strong> “十四五”新型储能目标200万千瓦，目前仅完成42万，进度滞后。抽蓄业务储备丰富，在建1080万千瓦。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-arrow join-item border border-base-300/50">
|
||
<input type="radio" name="my-accordion-5" />
|
||
<div class="collapse-title text-orange-300">行业宏观趋势路演</div>
|
||
<div class="collapse-content prose prose-invert max-w-none text-gray-300">
|
||
<ul>
|
||
<li><strong>全球格局:</strong> 2023年全球新增46GW，中、欧、美占比47%、22%、19%。中东市场（沙特、阿联酋）成新增长极，光储一体IRR可达6.6%。</li>
|
||
<li><strong>国内市场:</strong> 强制“配储”模式转向“独立储能”市场化运营，利用率从22年7%提升至24年30%。</li>
|
||
<li><strong>价格趋势:</strong> 电芯价格触底反弹，一线品牌维持0.28–0.30元/Wh，系统价格分化，业主直签项目价更高。</li>
|
||
<li><strong>竞争格局:</strong> 阳光电源在中东市占率约70%，国内EMS市场南瑞继保、国电南自份额超40%。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<hr class="glow-divider">
|
||
|
||
<!-- Stock List -->
|
||
<section class="my-16">
|
||
<h2 class="section-title text-center mb-8">核心产业链公司</h2>
|
||
<div class="glass-card p-4 md:p-6">
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>公司名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td>宁德时代</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300750" target="_blank" class="link link-hover text-purple-300">300750</a></td>
|
||
<td>电池储能市场份额第一，全球电池绝对龙头</td>
|
||
</tr>
|
||
<tr>
|
||
<td>阳光电源</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300274" target="_blank" class="link link-hover text-purple-300">300274</a></td>
|
||
<td>全球光伏逆变器与储能系统集成龙头，海外市占率领先</td>
|
||
</tr>
|
||
<tr>
|
||
<td>比亚迪</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002594" target="_blank" class="link link-hover text-purple-300">002594</a></td>
|
||
<td>垂直一体化布局，集成化储能系统深耕海外市场</td>
|
||
</tr>
|
||
<tr>
|
||
<td>派能科技</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=688063" target="_blank" class="link link-hover text-purple-300">688063</a></td>
|
||
<td>领先的储能电池系统提供商，户储领域优势明显</td>
|
||
</tr>
|
||
<tr>
|
||
<td>南网储能</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=600995" target="_blank" class="link link-hover text-purple-300">600995</a></td>
|
||
<td>电网侧储能运营商代表，抽水蓄能+新型储能平台</td>
|
||
</tr>
|
||
<tr>
|
||
<td>天合光能</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=688599" target="_blank" class="link link-hover text-purple-300">688599</a></td>
|
||
<td>提供光储一体化整体解决方案，斩获海外GWh级订单</td>
|
||
</tr>
|
||
<tr>
|
||
<td>上能电气</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300827" target="_blank" class="link link-hover text-purple-300">300827</a></td>
|
||
<td>储能PCS（变流器）核心供应商，中东市场突破显著</td>
|
||
</tr>
|
||
<tr>
|
||
<td>盛弘股份</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300693" target="_blank" class="link link-hover text-purple-300">300693</a></td>
|
||
<td>专注于电力电子设备，储能微网业务快速增长</td>
|
||
</tr>
|
||
<tr>
|
||
<td>英维克</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002837" target="_blank" class="link link-hover text-purple-300">002837</a></td>
|
||
<td>储能电站温控设备核心提供商，受益于液冷趋势</td>
|
||
</tr>
|
||
<tr>
|
||
<td>四方股份</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=601126" target="_blank" class="link link-hover text-purple-300">601126</a></td>
|
||
<td>电网保护与自动化龙头，中标大容量储能变流器项目</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<h3 class="text-2xl font-bold text-purple-300 mt-12 mb-6 text-center">近期涨幅异动分析</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6">
|
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<!-- Rise Analysis Cards will be dynamically inserted here -->
|
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|
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<div class="flex-grow">
|
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<div class="flex justify-between items-center mb-2">
|
||
<div class="font-bold text-lg text-white">南网储能 (600995)</div>
|
||
<div class="badge badge-accent">+8.38%</div>
|
||
</div>
|
||
<div class="text-xs text-gray-400 mb-4">2025-09-23</div>
|
||
<p class="text-sm leading-relaxed">上涨主要受行业基本面全面向好、政策持续加码、储能板块整体走强及公司业务与市场热点高度契合等多重因素驱动。特别是容量电价机制的落地和储能电芯价格上涨，点燃了市场对储能商业模式拐点到来的预期。</p>
|
||
</div>
|
||
</div>
|
||
<div class="glass-card p-6 flex flex-col">
|
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<div class="flex-grow">
|
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<div class="flex justify-between items-center mb-2">
|
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<div class="font-bold text-lg text-white">上能电气 (300827)</div>
|
||
<div class="badge badge-accent">+8.94%</div>
|
||
</div>
|
||
<div class="text-xs text-gray-400 mb-4">2025-09-29</div>
|
||
<p class="text-sm leading-relaxed">上涨核心逻辑在于公司自身基本面强劲（订单极度饱和、产能快速扩张）与行业高景气度形成共振。与中石油的战略合作也为公司打开了新的业务空间，市场对三季报业绩有较高预期。</p>
|
||
</div>
|
||
</div>
|
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<div class="glass-card p-6 flex flex-col">
|
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<div class="flex-grow">
|
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<div class="flex justify-between items-center mb-2">
|
||
<div class="font-bold text-lg text-white">西典新能 (603312)</div>
|
||
<div class="badge badge-error">+10.01%</div>
|
||
</div>
|
||
<div class="text-xs text-gray-400 mb-4">2025-11-05</div>
|
||
<p class="text-sm leading-relaxed">涨停系“北美储能CCS独供地位+8GWh新增产能通电接单+工信部结构件升格政策”三因子共振，带来2025年业绩预期大幅跳升的预期差。政策将储能结构件列为核心配套，提升了赛道估值。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<footer class="text-center text-xs text-gray-600 py-8">
|
||
<p>本报告由北京价值前沿科技有限公司 AI投研agent：“价小前投研” 合成。</p>
|
||
<p>所有数据和分析仅供参考，不构成任何投资建议。投资有风险，入市需谨慎。</p>
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stack: 'Total',
|
||
smooth: true,
|
||
lineStyle: {
|
||
width: 2,
|
||
color: '#a855f7'
|
||
},
|
||
showSymbol: false,
|
||
areaStyle: {
|
||
opacity: 0.8,
|
||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [{
|
||
offset: 0,
|
||
color: 'rgba(168, 85, 247, 0.5)'
|
||
}, {
|
||
offset: 1,
|
||
color: 'rgba(168, 85, 247, 0)'
|
||
}])
|
||
},
|
||
emphasis: { focus: 'series' },
|
||
data: [71.47, 83.46, 128.05, 138.06, 71.91, 92.72, null] // 1-8月中标数据未在原文提供，留空
|
||
}
|
||
]
|
||
};
|
||
biddingChart.setOption(biddingOption);
|
||
|
||
// Price Chart
|
||
var priceChart = echarts.init(document.getElementById('price-chart'));
|
||
var priceOption = {
|
||
tooltip: {
|
||
trigger: 'axis',
|
||
backgroundColor: 'rgba(23, 23, 43, 0.8)',
|
||
borderColor: '#a855f7',
|
||
textStyle: { color: '#e0e0e0' },
|
||
},
|
||
grid: {
|
||
left: '3%', right: '10%', bottom: '3%', containLabel: true
|
||
},
|
||
xAxis: {
|
||
type: 'category',
|
||
data: ['24年7月', '24年8月', '24年9月', '24年11月', '24年12月', '25年3月', '25年4月', '25年11月'],
|
||
axisLine: { lineStyle: { color: 'rgba(255,255,255,0.3)' } }
|
||
},
|
||
yAxis: {
|
||
type: 'value',
|
||
name: '元/Wh',
|
||
min: 0.4,
|
||
axisLabel: { formatter: '{value}' },
|
||
axisLine: { lineStyle: { color: 'rgba(255,255,255,0.3)' } },
|
||
splitLine: { lineStyle: { color: 'rgba(255,255,255,0.1)' } }
|
||
},
|
||
series: [{
|
||
data: [0.55, null, 0.71, 0.47, 0.54, 0.49, 0.47, 0.50], // 8月均价未明确提供，11月为交流侧价格
|
||
type: 'line',
|
||
smooth: true,
|
||
lineStyle: { color: '#f472b6' },
|
||
itemStyle: { color: '#f472b6' },
|
||
markPoint: {
|
||
data: [
|
||
{ type: 'max', name: '最高价' },
|
||
{ type: 'min', name: '最低价' }
|
||
],
|
||
label: { color: '#fff' }
|
||
},
|
||
markLine: {
|
||
data: [{ type: 'average', name: '均值' }],
|
||
label: { color: '#fff' }
|
||
}
|
||
}]
|
||
};
|
||
priceChart.setOption(priceOption);
|
||
|
||
window.addEventListener('resize', function() {
|
||
biddingChart.resize();
|
||
priceChart.resize();
|
||
});
|
||
});
|
||
</script>
|
||
|
||
</body>
|
||
</html> |