530 lines
39 KiB
HTML
530 lines
39 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>深度行研 | 陶瓷隔膜骨架膜</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.11.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
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body {
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font-family: 'Noto Sans SC', sans-serif;
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background-color: #020010;
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color: #E0E0E0;
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overflow-x: hidden;
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background: rgba(15, 23, 42, 0.4);
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-webkit-backdrop-filter: blur(16px);
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backdrop-filter: blur(16px);
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border: 1px solid rgba(129, 140, 248, 0.2);
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box-shadow: 0 8px 32px 0 rgba(0, 0, 0, 0.37);
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text-shadow:
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z-index: -10;
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background: radial-gradient(600px circle at 0% 0%, rgba(29, 78, 216, 0.2), transparent 80%),
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radial-gradient(600px circle at 100% 100%, rgba(139, 92, 246, 0.2), transparent 80%);
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animation: move-glow 20s ease-in-out infinite alternate;
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@keyframes move-glow {
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0% {
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background: radial-gradient(600px circle at 0% 0%, rgba(29, 78, 216, 0.2), transparent 80%),
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background-color: rgba(0, 178, 255, 0.1) !important;
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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="bg-animated"></div>
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<div class="container mx-auto p-4 md:p-8 space-y-8">
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<!-- Header -->
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<header class="text-center py-8">
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<h1 class="text-4xl md:text-6xl font-bold text-white glow-title">陶瓷隔膜骨架膜</h1>
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<p class="text-xl mt-4 text-gray-400">深度行业研究报告</p>
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</header>
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<!-- Disclaimer -->
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<div class="text-center p-4 rounded-2xl border border-dashed border-gray-600 text-gray-500 text-sm">
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<p>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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<p>本报告为AI合成数据，据此投资，风险自担。</p>
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</div>
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<!-- 0. 概念事件 -->
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<section id="concept-event" class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">概念演进脉络</h2>
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<div class="space-y-6">
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<div>
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<h3 class="text-lg font-semibold text-fuchsia-400">第一阶段：传统“陶瓷涂覆隔膜”深化应用</h3>
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<p class="mt-2 text-gray-300">在液态锂电池时代，为提升传统PE/PP隔膜的耐热性和安全性，在其表面涂覆一层氧化铝或勃姆石等陶瓷颗粒，形成“陶瓷隔膜”。此为成熟主流技术路线，核心在于提升安全性与价值量。</p>
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<ul class="list-disc list-inside mt-2 text-gray-400 space-y-1 pl-4">
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<li><span class="font-semibold text-gray-300">2024-02-21 路演:</span> 国瓷材料明确其核心产品高纯氧化铝和勃姆石用于主流电池厂隔膜涂覆。</li>
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<li><span class="font-semibold text-gray-300">2024-04-15 路演:</span> 涂覆型隔膜价值量远高于基膜，勃姆石因性能更优正加速替代氧化铝。</li>
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</ul>
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</div>
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<div class="divider before:bg-gray-700 after:bg-gray-700"></div>
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<div>
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<h3 class="text-lg font-semibold text-fuchsia-400">第二阶段：面向固态电池的“陶瓷骨架膜”价值重估</h3>
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<p class="mt-2 text-gray-300">随着固态电池研发深入，市场发现纯固态电解质成膜难度大、性能差。一种高孔隙率、高强度的多孔基膜作为“骨架”，填充固态电解质形成复合膜的方案，成为解决产业化瓶颈的关键，隔膜环节从“通缩”预期转为“增量”预期。</p>
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<ul class="list-disc list-inside mt-2 text-gray-400 space-y-1 pl-4">
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<li><span class="font-semibold text-gray-300">核心催化点 (新闻):</span> 市场认知被颠覆，明确<strong class="text-cyan-400">“骨架膜是固态电池最具预期差的环节”</strong>。其单GWh价值量被测算为传统隔膜的<strong class="text-cyan-400">6倍</strong>，引发市场价值重估。</li>
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<li><span class="font-semibold text-gray-300">2024-11-18 路演:</span> 长阳科技阐述其超高孔隙率 (≥85%) 的骨架膜，并明确“全固态电池仍需该膜”。</li>
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<li><span class="font-semibold text-gray-300">2025-05-11 路演:</span> 星源材质披露刚性骨架膜 (孔隙率≥70%) 布局，并已获龙头固态电池厂<strong class="text-cyan-400">数千万平订单</strong>。</li>
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<li><span class="font-semibold text-gray-300">2025-09-24 涨幅分析:</span> 工信部目录首次标注“原位聚合复合隔膜”，确认半固态路线仍需隔膜，打消市场疑虑。</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- 1 & 2. 核心观点 & 逻辑分析 -->
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<section id="core-logic" class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">核心逻辑与市场认知</h2>
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<div class="space-y-6">
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400">核心观点摘要</h3>
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<p class="mt-2 text-gray-300 leading-relaxed">“陶瓷隔膜骨架膜”概念的核心，是锂电池隔膜从传统的安全“涂层”辅助角色，向固态电池时代性能与制造“骨架”核心角色的技术跃迁。当前市场正处于<strong class="text-yellow-300">修正“固态去隔膜化”错误预期的关键阶段</strong>，其核心驱动力在于骨架膜是解决固态电解质产业化瓶颈的<strong class="text-yellow-300">必要使能技术</strong>。随着半固态电池率先放量，该概念已从主题炒作进入<strong class="text-yellow-300">小批量订单验证的基本面驱动初期</strong>，未来潜力巨大。</p>
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</div>
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<div class="divider before:bg-gray-700 after:bg-gray-700"></div>
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400">核心驱动力：技术范式转移下的“必要性”+“高价值”</h3>
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<ol class="list-decimal list-inside space-y-4 mt-4 text-gray-300">
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<li>
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<strong class="text-white">技术必要性（雪中送炭）:</strong>
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<ul class="list-disc list-inside mt-2 ml-4 text-gray-400 space-y-1">
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<li><strong>对氧化物路线:</strong> 解决纯氧化物膜良率低、机械性能差、固固界面接触不良三大难题。</li>
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<li><strong>对硫化物路线:</strong> 提升机械强度和横向韧性，优化生产工艺。</li>
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<li><strong>对所有路线:</strong> 作为骨架，有效抑制硅碳/锂金属负极的体积膨胀，提升电池循环寿命。</li>
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</ul>
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</li>
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<li>
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<strong class="text-white">价值量重估（经济价值飞跃）:</strong>
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<p class="mt-2 ml-4 text-gray-400">固态电解质基膜单GWh价值量是传统隔膜的<strong class="text-2xl text-cyan-400 font-mono">6倍</strong>。技术壁垒远高于传统湿法拉伸+涂覆的新产品，盈利能力和竞争格局将被重塑。</p>
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</li>
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</ol>
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</div>
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<div class="divider before:bg-gray-700 after:bg-gray-700"></div>
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400">预期差分析：最大的预期差在于“从无到有”和“从低到高”</h3>
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<ul class="list-disc list-inside space-y-2 mt-4 text-gray-300">
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<li><strong class="text-white">“从无到有”的认知差:</strong> 市场曾普遍认为固态电池中隔膜的角色将消失。而事实是，隔膜将以“骨架膜”的形式<strong class="text-yellow-300">继续存在，且作用更为关键</strong>。</li>
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<li><strong class="text-white">“从低到高”的价值差:</strong> 市场可能低估了其<strong class="text-yellow-300">6倍</strong>的价值增量。这是一种技术壁垒极高的新产品，盈利能力将被重塑。</li>
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<li><strong class="text-white">潜在的忽略点:</strong> 市场可能过度关注传统巨头，而<strong class="text-yellow-300">忽略了像长阳科技这样在特定技术指标（≥85%超高孔隙率）上具备颠覆性优势的“专精特新”型公司</strong>。</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- 3. 催化剂与发展路径 -->
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<section id="catalysts" class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">关键催化剂与未来发展路径</h2>
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<div class="grid md:grid-cols-2 gap-8">
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400 mb-4">近期催化剂 (未来3-6个月)</h3>
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<ul class="space-y-3">
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<li class="flex items-start">
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<svg class="w-6 h-6 text-cyan-400 mr-2 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 4-4m6 2a9 9 0 11-18 0 9 9 0 0118 0z"></path></svg>
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<span><strong class="text-white">订单放量:</strong> 关注星源材质订单交付及长阳、恩捷等是否公告类似规模订单。</span>
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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-2 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 4-4m6 2a9 9 0 11-18 0 9 9 0 0118 0z"></path></svg>
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<span><strong class="text-white">车型上市:</strong> 工信部目录中更多搭载半固态电池的车型出现。</span>
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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-2 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 4-4m6 2a9 9 0 11-18 0 9 9 0 0118 0z"></path></svg>
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<span><strong class="text-white">技术进展:</strong> QuantumScape/Corning等行业风向标的商业化进展。</span>
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</li>
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</ul>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400 mb-4">长期发展路径</h3>
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<ul class="steps steps-vertical">
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<li class="step step-primary">
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<div class="text-left ml-4">
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<h4 class="font-bold text-white">第一阶段 (当前-2026): 半固态导入期</h4>
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<p class="text-sm text-gray-400">以氧化物涂覆膜和初步骨架膜为代表，应用于半固态电池。</p>
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</div>
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</li>
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<li class="step step-primary">
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<div class="text-left ml-4">
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<h4 class="font-bold text-white">第二阶段 (2026-2030): 全固态渗透期</h4>
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<p class="text-sm text-gray-400">高孔隙率、高强度刚性骨架膜成为主流，产业链格局确立。</p>
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</div>
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</li>
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<li class="step">
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<div class="text-left ml-4">
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<h4 class="font-bold text-white">第三阶段 (2030以后): 成熟应用期</h4>
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<p class="text-sm text-gray-400">技术成熟，成本降低，成为固态电池标准部件。</p>
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</div>
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</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- 4. 产业链与核心公司 -->
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<section id="industry-chain" class="p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">产业链与核心公司深度剖析</h2>
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<div class="bento-grid">
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<div class="bento-item bento-item-1 glass-card rounded-3xl p-6">
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<h3 class="font-bold text-lg text-fuchsia-400">上游：核心陶瓷粉体</h3>
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<p class="text-sm text-gray-400 mt-2">提供制造陶瓷涂层或填充骨架膜所需的无机纳米材料。</p>
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<div class="mt-4 space-x-2">
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<div class="badge badge-outline border-cyan-400 text-cyan-400">国瓷材料</div>
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<div class="badge badge-outline border-cyan-400 text-cyan-400">天马新材</div>
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</div>
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</div>
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<div class="bento-item bento-item-2 glass-card rounded-3xl p-6 overflow-x-auto">
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<h3 class="font-bold text-lg text-fuchsia-400">中游：骨架膜制造核心玩家</h3>
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<table class="table table-xs mt-4">
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<thead class="text-gray-300">
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<tr>
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<th>公司</th>
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<th>角色定位</th>
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<th>核心优势</th>
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<th>业务进展</th>
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</tr>
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</thead>
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<tbody>
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<tr class="hover:bg-slate-700/50">
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<td class="font-bold text-white">星源材质</td>
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<td>全能型领导者</td>
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<td>客户基础牢固, 工程化能力强</td>
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<td>半固态膜获<strong class="text-cyan-400">数千万平订单</strong></td>
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</tr>
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<tr class="hover:bg-slate-700/50">
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<td class="font-bold text-white">长阳科技</td>
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<td>技术型颠覆者</td>
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<td>技术独占性 (<strong class="text-cyan-400">≥85%孔隙率</strong>)</td>
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<td>已获头部客户<strong class="text-cyan-400">小批量订单</strong></td>
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</tr>
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<tr class="hover:bg-slate-700/50">
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<td class="font-bold text-white">恩捷股份</td>
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<td>规模化追赶者</td>
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<td>资金雄厚, 成本控制, 规模优势</td>
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||
<td>已布局骨架膜和硫化锂产能</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
<div class="bento-item bento-item-3 glass-card rounded-3xl p-6">
|
||
<h3 class="font-bold text-lg text-fuchsia-400">下游：固态电池制造商</h3>
|
||
<p class="text-sm text-gray-400 mt-2">龙头电池厂与新兴固态电池公司。</p>
|
||
<div class="mt-4 space-x-2">
|
||
<div class="badge badge-outline border-cyan-400 text-cyan-400">比亚迪</div>
|
||
<div class="badge badge-outline border-cyan-400 text-cyan-400">中科深蓝汇泽</div>
|
||
</div>
|
||
</div>
|
||
<div class="bento-item bento-item-4 glass-card rounded-3xl p-6">
|
||
<h3 class="font-bold text-lg text-fuchsia-400">逻辑验证与风险点</h3>
|
||
<ul class="list-disc list-inside space-y-2 mt-2 text-gray-300">
|
||
<li><strong class="text-green-400">逻辑验证:</strong> 星源材质的<strong class="text-white">数千万平米订单</strong>初步验证了宏大叙事；莱尔科技与比亚迪的<strong class="text-white">8.3亿大单 (45%毛利)</strong> 侧面印证了高价值。</li>
|
||
<li><strong class="text-red-400">技术分歧点:</strong> 长阳科技 (≥85%) vs 星源材质 (≥70%) 的孔隙率指标，显示技术路径差异，谁能低成本量产尚需观察。</li>
|
||
<li><strong class="text-yellow-400">商业化节奏:</strong> 技术优势 (长阳) vs 客户关系 (星源)，产业化初期，工程能力和客户关系可能比单一技术指标更重要。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 关键事件市场反应 (ECharts) -->
|
||
<section id="market-reaction" class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">关键事件市场反应</h2>
|
||
<div id="rise-chart" class="w-full h-96"></div>
|
||
<div class="grid md:grid-cols-2 lg:grid-cols-3 gap-4 mt-6">
|
||
<!-- Rise Analysis Data will be populated here -->
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 5. 潜在风险与挑战 -->
|
||
<section id="risks" class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">潜在风险与挑战</h2>
|
||
<div class="grid md:grid-cols-2 gap-6">
|
||
<div>
|
||
<h4 class="font-semibold text-lg text-red-400">技术风险</h4>
|
||
<ul class="list-disc pl-5 mt-2 space-y-1 text-gray-300">
|
||
<li>量产一致性与成本控制是最大瓶颈。</li>
|
||
<li>骨架膜与电解质的界面稳定性问题待解决。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-lg text-red-400">商业化风险</h4>
|
||
<ul class="list-disc pl-5 mt-2 space-y-1 text-gray-300">
|
||
<li>下游固态电池产业化进程不及预期。</li>
|
||
<li>高价值产品在降本趋势下的市场接受度。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-lg text-red-400">竞争风险</h4>
|
||
<ul class="list-disc pl-5 mt-2 space-y-1 text-gray-300">
|
||
<li>无骨架方案或纯聚合物路线的技术突破。</li>
|
||
<li>高价值吸引众多玩家，可能引发价格战。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-lg text-red-400">信息交叉验证风险</h4>
|
||
<ul class="list-disc pl-5 mt-2 space-y-1 text-gray-300">
|
||
<li>研报信息可能滞后于最新的路演信息。</li>
|
||
<li>部分数据（如2025年路演）为预测性，存在不确定性。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 6. 综合结论与投资启示 -->
|
||
<section id="conclusion" class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">综合结论与投资启示</h2>
|
||
<div class="space-y-6">
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-fuchsia-400">最终看法</h3>
|
||
<p class="mt-2 text-gray-300 leading-relaxed">该概念已明确度过纯粹的主题炒作阶段，进入了由<strong class="text-yellow-300">技术逻辑支撑、小批量订单验证的基本面驱动初期</strong>。其核心投资逻辑——“固态去隔膜”的预期修复和“骨架膜”的价值重估——非常清晰且有力。未来2-3年是其从1到10的关键成长期。</p>
|
||
</div>
|
||
<div class="grid md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-fuchsia-400 mb-4">最具投资价值的细分环节</h3>
|
||
<ul class="space-y-3">
|
||
<li class="flex items-start">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 text-cyan-400 mr-2 flex-shrink-0 mt-1" viewBox="0 0 20 20" fill="currentColor"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.707-8.707l-3-3a1 1 0 00-1.414 1.414L10.586 9H7a1 1 0 100 2h3.586l-1.293 1.293a1 1 0 101.414 1.414l3-3a1 1 0 000-1.414z" clip-rule="evenodd" /></svg>
|
||
<span><strong class="text-white">核心环节:</strong> 中游的<strong class="text-cyan-400">骨架膜制造商</strong>是本轮技术升级中最具弹性的环节，直接受益于价值量6倍的提升。</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 text-cyan-400 mr-2 flex-shrink-0 mt-1" viewBox="0 0 20 20" fill="currentColor"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.707-8.707l-3-3a1 1 0 00-1.414 1.414L10.586 9H7a1 1 0 100 2h3.586l-1.293 1.293a1 1 0 101.414 1.414l3-3a1 1 0 000-1.414z" clip-rule="evenodd" /></svg>
|
||
<span><strong class="text-white">重点方向:</strong> 关注<strong class="text-cyan-400">星源材质</strong> (订单+工程化优势) 和 <strong class="text-cyan-400">长阳科技</strong> (技术颠覆性) 两类公司。</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-fuchsia-400 mb-4">需重点跟踪验证的关键指标</h3>
|
||
<ul class="list-none space-y-2 text-gray-300">
|
||
<li><span class="font-mono text-cyan-400 mr-2">1.</span> 订单数量与质量 (规模, 单价, 客户)</li>
|
||
<li><span class="font-mono text-cyan-400 mr-2">2.</span> 毛利率水平 (验证高价值能否兑现)</li>
|
||
<li><span class="font-mono text-cyan-400 mr-2">3.</span> 下游渗透率 (固态电池车型出货量)</li>
|
||
<li><span class="font-mono text-cyan-400 mr-2">4.</span> 技术参数进展 (孔隙率, 强度等)</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Supporting Data (Tabs) -->
|
||
<section id="supporting-data" class="glass-card rounded-3xl p-6 md:p-8" x-data="{ tab: 'news' }">
|
||
<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">核心数据源摘要</h2>
|
||
<div class="tabs tabs-boxed bg-slate-900/50">
|
||
<a class="tab tab-lg" :class="{'tab-active': tab === 'news'}" @click="tab = 'news'">新闻数据</a>
|
||
<a class="tab tab-lg" :class="{'tab-active': tab === 'roadshow'}" @click="tab = 'roadshow'">路演纪要</a>
|
||
<a class="tab tab-lg" :class="{'tab-active': tab === 'research'}" @click="tab = 'research'">研报摘要</a>
|
||
</div>
|
||
<div class="mt-6 space-y-4 max-h-[500px] overflow-y-auto pr-4">
|
||
<div x-show="tab === 'news'" x-transition>
|
||
<h3 class="text-lg font-semibold text-fuchsia-400 mb-2">新闻数据核心观点</h3>
|
||
<ul class="list-disc list-inside space-y-2 text-gray-300">
|
||
<li><strong>骨架膜是固态电池最具预期差环节：</strong>市场曾认为隔膜是通缩环节，但实际其价值量有巨大增幅。</li>
|
||
<li><strong>核心作用与必要性：</strong>改善界面、提升机械性能，对氧化物和硫化物路线均是产业化关键。</li>
|
||
<li><strong>价值量：</strong>固态电解质基膜单GWh价值量是传统隔膜的<strong class="text-cyan-400">6倍</strong>。</li>
|
||
<li><strong>星源材质：</strong>半固态氧化物复合电解质隔膜已获龙头数千万平订单；与中科深蓝汇泽合作开发刚性骨架膜。</li>
|
||
<li><strong>长阳科技：</strong>独家开发超高孔隙率(≥85%)隔膜产品，已送样国内外主流厂并获小批量订单。</li>
|
||
<li><strong>恩捷股份：</strong>布局大孔隙骨架膜，增强电解质层机械强度。</li>
|
||
</ul>
|
||
</div>
|
||
<div x-show="tab === 'roadshow'" x-transition>
|
||
<h3 class="text-lg font-semibold text-fuchsia-400 mb-2">路演纪要核心观点</h3>
|
||
<ul class="list-disc list-inside space-y-2 text-gray-300">
|
||
<li><strong>传统陶瓷隔膜：</strong>涂覆型(陶瓷+PVDF)价格远高于基膜，勃姆石替代氧化铝趋势明显。</li>
|
||
<li><strong>骨架膜定位：</strong>作为电解质载体(骨架支撑)，<strong class="text-cyan-400">全固态电池仍需该膜</strong>，解决负极膨胀问题。</li>
|
||
<li><strong>长阳科技(2024-11-18)：</strong>高孔隙电解质复合膜，孔隙率达85%，远超传统湿法隔膜(40-50%)，技术领先，传统企业短期难追赶。</li>
|
||
<li><strong>星源材质(2025-05-11)：</strong>布局刚性骨架膜(孔隙率≥70%)，半固态氧化物涂覆膜(LATP)2024年量产，交付超1500万平。</li>
|
||
<li><strong>市场误区(申万宏源会议)：</strong>固态电池仍需刚性骨架膜，孔隙率>70%，价值量占电池成本10-20%。</li>
|
||
</ul>
|
||
</div>
|
||
<div x-show="tab === 'research'" x-transition>
|
||
<h3 class="text-lg font-semibold text-fuchsia-400 mb-2">研报摘要核心观点</h3>
|
||
<ul class="list-disc list-inside space-y-2 text-gray-300">
|
||
<li><strong>陶瓷膜结构(久吾高科研报)：</strong>非对称陶瓷膜具优异性能，由支撑体层、过渡层、分离膜层构成。主流材料为氧化铝(Al₂O₃)、氧化锆(ZrO₂)。</li>
|
||
<li><strong>性能优势：</strong>机械强度高、耐酸碱、耐高温、过滤精度高、寿命长。</li>
|
||
<li><strong>涂覆材料(国瓷材料研报)：</strong>勃姆石是锂电池无机涂覆材料主要成分，提升安全性和良品率。2025年全球需求预计达17.6万吨。</li>
|
||
<li><strong>业务表现：</strong>国瓷材料隔膜涂覆材料销量带动新能源板块营收快速增长。</li>
|
||
<li><strong>战略定位：</strong>勃姆石和高纯氧化铝是国瓷材料切入新能源赛道的战略支点。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Table -->
|
||
<section id="stock-list" class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-cyan-300 border-l-4 border-cyan-300 pl-4">相关概念股列表</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra w-full">
|
||
<thead class="text-base text-gray-300">
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
<th>标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="hover"><td>星源材质</td><td><a href="https://valuefrontier.cn/company?scode=300568" target="_blank" class="link link-hover text-cyan-400">300568</a></td><td>与中科深蓝汇泽基于公司先进的刚性骨架膜技术，联合开发固态电解质膜体系及高性能全固态电池。</td><td><div class="badge badge-primary">骨架膜</div></td></tr>
|
||
<tr class="hover"><td>长阳科技</td><td><a href="https://valuefrontier.cn/company?scode=688299" target="_blank" class="link link-hover text-cyan-400">688299</a></td><td>开发的超高孔隙率、超大孔径隔膜产品具技术独占性，对改善固态电池性能有突破性提升，已获订单。</td><td><div class="badge badge-secondary">技术独占</div></td></tr>
|
||
<tr class="hover"><td>佛塑科技</td><td><a href="https://valuefrontier.cn/company?scode=000973" target="_blank" class="link link-hover text-cyan-400">000973</a></td><td>拟全资收购金力股份，后者专注锂电隔膜，具备多种陶瓷隔膜生产装置设备实用新型专利。</td><td><div class="badge badge-accent">陶瓷隔膜</div></td></tr>
|
||
<tr class="hover"><td>东峰集团</td><td>N/A</td><td>控股子公司博盛新材已开发出包括陶瓷、PVDF、LATP等多种涂覆产品，LATP涂覆隔膜可用于半固态电池。</td><td><div class="badge badge-accent">陶瓷隔膜</div></td></tr>
|
||
<tr class="hover"><td>天马新材</td><td><a href="https://valuefrontier.cn/company?scode=920971" target="_blank" class="link link-hover text-cyan-400">920971</a></td><td>研发目标用户制造锂电池陶瓷隔膜用特种氧化铝粉体（完成研发）。</td><td><div class="badge badge-accent">陶瓷隔膜</div> <div class="badge badge-info">北交所</div></td></tr>
|
||
<tr class="hover"><td>美联新材</td><td><a href="https://valuefrontier.cn/company?scode=300586" target="_blank" class="link link-hover text-cyan-400">300586</a></td><td>拥有“一种核壳结构的原位复合陶瓷隔膜及其制备方法和应用”相关专利。</td><td><div class="badge badge-accent">陶瓷隔膜</div></td></tr>
|
||
<tr class="hover"><td>沧州明珠</td><td><a href="https://valuefrontier.cn/company?scode=002108" target="_blank" class="link link-hover text-cyan-400">002108</a></td><td>陶瓷隔膜卷边问题研究项目已结项，旨在提高产品市场竞争力。</td><td><div class="badge badge-accent">陶瓷隔膜</div></td></tr>
|
||
<tr class="hover"><td>派特尔</td><td><a href="https://valuefrontier.cn/company?scode=920871" target="_blank" class="link link-hover text-cyan-400">920871</a></td><td>参股公司广东萨菲安（持股约8.3%）开发固态电池涂覆隔膜产品。</td><td><div class="badge badge-info">北交所</div></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
</div>
|
||
|
||
<script>
|
||
const riseAnalysisData = [
|
||
{ stock: "莱尔科技", stock_code: "688683", rise_rate: 20.01, trade_date: "2025-08-11", reason: "核心结论: 莱尔科技因“比亚迪8.3亿元陶瓷化隔膜大单+定增扩产1.2亿㎡+45%高毛利”三则公告形成订单-产能-盈利闭环，资金一日完成重估而涨停。<br>驱动概念: 固态电池+比亚迪供应链+陶瓷化隔膜" },
|
||
{ stock: "国瓷材料", stock_code: "300285", rise_rate: 7.14, trade_date: "2025-06-24", reason: "核心结论: 美国QuantumScape陶瓷隔膜技术突破的消息直接催化，作为陶瓷材料龙头的国瓷材料直接受益。<br>驱动概念: 固态电池+陶瓷材料" },
|
||
{ stock: "久吾高科", stock_code: "300631", rise_rate: 20.02, trade_date: "2025-07-11", reason: "核心结论: “盐湖提锂陶瓷膜订单落地+工信部技术升级指南政策催化”的双击效应。<br>驱动概念: 盐湖提锂+陶瓷膜" },
|
||
{ stock: "东材科技", stock_code: "601208", rise_rate: 9.98, trade_date: "2025-10-28", reason: "核心结论: 工信部征求意见稿明确“5μm超薄绿色复合膜”补贴，公司中试线贯通并获CATL/BYD认证，政策+订单+量产三重催化。<br>驱动概念: 绿色复合膜+储能隔膜" },
|
||
{ stock: "恩捷股份", stock_code: "002812", rise_rate: 9.99, trade_date: "2025-09-24", reason: "核心结论: “半固态电池首批量产目录保留隔膜+恩捷独家复合隔膜定点”预期差集中兑现。<br>驱动概念: 固态电池+原位聚合复合隔膜" },
|
||
{ stock: "中材科技", stock_code: "002080", rise_rate: 10.0, trade_date: "2025-07-01", reason: "核心结论: “半固态隔膜技术突破+固态电池产业催化”共振，被视为氧化物电解质隔膜稀缺量产标的。<br>驱动概念: 固态电池+氧化物电解质隔膜" },
|
||
{ stock: "三达膜", stock_code: "688101", rise_rate: 7.08, trade_date: "2025-08-29", reason: "核心结论: 业绩超预期增长，并被市场归类为盐湖提锂、稀土永磁等热门概念股。<br>驱动概念: 盐湖提锂+膜技术" },
|
||
{ stock: "荣晟环保", stock_code: "603165", rise_rate: 9.97, trade_date: "2025-07-21", reason: "核心结论: “跨界收购湿法隔膜资产+省级首批次补贴落地+TOP3电池厂框架锁量”三重催化。<br>驱动概念: 湿法隔膜+隔膜回收" }
|
||
];
|
||
|
||
// Populate rise analysis cards
|
||
const container = document.querySelector('#market-reaction .grid');
|
||
riseAnalysisData.forEach(item => {
|
||
const card = `
|
||
<div class="glass-card rounded-2xl p-4 transition-all duration-300 hover:border-cyan-400/50 hover:scale-105">
|
||
<div class="flex justify-between items-center">
|
||
<h4 class="font-bold text-lg text-white">${item.stock} (${item.stock_code})</h4>
|
||
<span class="font-mono text-xl ${item.rise_rate > 0 ? 'text-green-400' : 'text-red-400'}">${item.rise_rate > 0 ? '+' : ''}${item.rise_rate}%</span>
|
||
</div>
|
||
<p class="text-sm text-gray-500 mt-1">${item.trade_date}</p>
|
||
<div class="prose prose-sm text-gray-300 mt-3" style="color: #d1d5db;">${item.reason}</div>
|
||
</div>
|
||
`;
|
||
container.innerHTML += card;
|
||
});
|
||
|
||
// ECharts initialization
|
||
var myChart = echarts.init(document.getElementById('rise-chart'));
|
||
var option = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {
|
||
trigger: 'axis',
|
||
axisPointer: { type: 'shadow' },
|
||
backgroundColor: 'rgba(15, 23, 42, 0.8)',
|
||
borderColor: 'rgba(0, 178, 255, 0.5)',
|
||
textStyle: { color: '#E0E0E0' }
|
||
},
|
||
grid: {
|
||
left: '3%',
|
||
right: '4%',
|
||
bottom: '3%',
|
||
containLabel: true
|
||
},
|
||
xAxis: [{
|
||
type: 'category',
|
||
data: riseAnalysisData.map(item => `${item.stock}\n(${item.trade_date})`),
|
||
axisLine: { lineStyle: { color: 'rgba(255,255,255,0.3)' } },
|
||
axisLabel: { color: '#E0E0E0', interval: 0, rotate: 30 }
|
||
}],
|
||
yAxis: [{
|
||
type: 'value',
|
||
name: '涨幅 (%)',
|
||
axisLine: { show: true, lineStyle: { color: 'rgba(255,255,255,0.3)' } },
|
||
axisLabel: { color: '#E0E0E0' },
|
||
splitLine: { lineStyle: { color: 'rgba(255,255,255,0.1)' } }
|
||
}],
|
||
series: [{
|
||
name: '涨幅',
|
||
type: 'bar',
|
||
barWidth: '60%',
|
||
data: riseAnalysisData.map(item => ({
|
||
value: item.rise_rate,
|
||
itemStyle: {
|
||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
|
||
{ offset: 0, color: 'rgba(0, 221, 255, 1)' },
|
||
{ offset: 1, color: 'rgba(77, 119, 255, 1)' }
|
||
])
|
||
}
|
||
})),
|
||
emphasis: {
|
||
itemStyle: {
|
||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
|
||
{ offset: 0, color: 'rgba(131, 255, 234, 1)' },
|
||
{ offset: 1, color: 'rgba(11, 191, 255, 1)' }
|
||
])
|
||
}
|
||
}
|
||
}]
|
||
};
|
||
myChart.setOption(option);
|
||
window.addEventListener('resize', function() {
|
||
myChart.resize();
|
||
});
|
||
</script>
|
||
</body>
|
||
</html> |