654 lines
40 KiB
HTML
654 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>深度行业研究：硅基负极材料</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.2/dist/full.min.css" rel="stylesheet" type="text/css" />
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@import url('https://fonts.googleapis.com/css2?family=Lexend:wght@300;400;500;600&display=swap');
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body {
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font-family: 'Lexend', sans-serif;
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background-color: #000010;
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overflow-x: hidden;
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position: relative;
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<body class="text-gray-300">
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<div class="aurora-bg">
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<div class="aurora-circle circle-1"></div>
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<div class="aurora-circle circle-2"></div>
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<div class="aurora-circle circle-3"></div>
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</div>
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<div class="container mx-auto p-4 md:p-8">
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<header class="text-center mb-16">
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<h1 class="text-4xl md:text-6xl font-bold text-transparent bg-clip-text bg-gradient-to-r from-indigo-400 via-purple-400 to-sky-400 mb-4 tracking-wider">
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硅基负极材料 · 深度行业研究
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</h1>
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<p class="text-lg text-indigo-300">下一代高能密度电池的心脏</p>
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</header>
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<!-- 0. 核心观点摘要 -->
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<section id="core-view" class="mb-16">
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<div class="glass-card rounded-3xl p-8 shadow-2xl">
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<h2 class="text-2xl font-bold mb-4 text-sky-300 border-l-4 border-sky-400 pl-4">核心观点摘要</h2>
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<p class="text-lg leading-relaxed">
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硅基负极材料正处于产业化爆发的<strong>前夜</strong>，其核心驱动力源于锂电池对能量密度极限突破的刚性需求。当前，技术路线已逐步收敛于性能更优的<strong>CVD硅碳负极</strong>，并已在消费电子领域实现商业化验证（“10-100”阶段），正蓄力向动力电池市场（“1-10”阶段）渗透。尽管未来潜力巨大，但<strong>成本高昂</strong>和<strong>规模化量产稳定性</strong>仍是其通往大规模应用之路的核心挑战，市场预期与产业化现实之间存在显著的时间和成本差距。
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</p>
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</div>
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</section>
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<!-- 1. 概念事件 -->
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<section id="events" class="mb-16">
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<h2 class="text-3xl font-bold mb-8 text-purple-300 text-center">概念发展里程碑</h2>
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<div class="max-w-4xl mx-auto">
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<div class="timeline-item">
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<div class="timeline-marker timeline-marker-glow"></div>
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<div class="glass-card rounded-2xl p-6">
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<time class="mb-1 text-sm font-normal leading-none text-gray-400">2019年12月 - 2023年4月</time>
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<h3 class="text-lg font-semibold text-white">技术奠基与专利布局</h3>
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<p class="text-base font-normal text-gray-300">华为先后申请<strong>硅氧</strong>路线（抑制膨胀）与<strong>CVD硅碳</strong>路线（性能更优）负极材料专利，并持续布局固态电池硅基负极专利，显示其在该领域的深度投入。</p>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-marker"></div>
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<div class="glass-card rounded-2xl p-6">
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<time class="mb-1 text-sm font-normal leading-none text-gray-400">2021年 - 2022年</time>
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<h3 class="text-lg font-semibold text-white">市场应用探索</h3>
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<p class="text-base font-normal text-gray-300">广汽发布“海绵硅负极”电池，开启国内动力应用探索。特斯拉<strong>4680</strong>大圆柱电池率先规模化应用硅基负极，成为行业标杆。</p>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-marker timeline-marker-glow"></div>
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<div class="glass-card rounded-2xl p-6">
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<time class="mb-1 text-sm font-normal leading-none text-gray-400">2024年</time>
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<h3 class="text-lg font-semibold text-white">行业标准确立与产业化加速</h3>
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<p class="text-base font-normal text-gray-300">我国牵头制定的全球首项硅基负极材料国际标准发布，明确了<strong>比容量、首次库伦效率、体积膨胀率</strong>等核心指标。CIBF展会展示了比容量超<strong>2000mAh/g</strong>、掺硅量超<strong>20%</strong>的产品，并引入<strong>百公斤级流化床</strong>设备，产业化进入新阶段。</p>
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</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-marker"></div>
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<div class="glass-card rounded-2xl p-6">
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<time class="mb-1 text-sm font-normal leading-none text-gray-400">2025年</time>
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<h3 class="text-lg font-semibold text-white">消费电子全面爆发 & 产业链深度绑定</h3>
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<p class="text-base font-normal text-gray-300">vivo、荣耀等旗舰手机硅含量分别达<strong>12%</strong>、<strong>25%</strong>。中国宝安(贝特瑞)与宁德时代、比亚迪签署<strong>固态电池负极材料保供备忘录</strong>，标志着与下游巨头深度绑定。孚日股份公告<strong>5万吨CVD法硅碳负极项目</strong>环评获批，产能落地加速。</p>
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</div>
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</div>
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</div>
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</section>
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<!-- 2. 核心逻辑与市场认知 -->
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<section id="logic" class="mb-16">
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<h2 class="text-3xl font-bold mb-8 text-purple-300 text-center">核心逻辑与市场认知</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6">
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<!-- 性能驱动 -->
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<div class="glass-card rounded-3xl p-6 col-span-1 lg:col-span-1">
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<h3 class="font-semibold text-xl mb-3 text-indigo-300">性能驱动：突破石墨极限</h3>
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<p>根本逻辑在于传统石墨负极（理论比容量<strong>372mAh/g</strong>）已接近物理极限。硅作为理论比容量高达<strong>4200mAh/g</strong>的材料，是公认的最具潜力的下一代负极，能够显著提升电池能量密度与续航。</p>
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</div>
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<!-- 技术路径收敛 -->
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<div class="glass-card rounded-3xl p-6 col-span-1 md:col-span-2 lg:col-span-2">
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<h3 class="font-semibold text-xl mb-3 text-indigo-300">技术路径收敛：CVD硅碳成主流</h3>
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<p>早期硅氧（首效低、需预锂化）和硅碳路线并存。随着CVD（化学气相沉积）工艺成熟，其在抑制膨胀和提升循环性能方面优势凸显。华为专利、行业展会及路演信息均指向CVD硅碳为未来主流，为产业资本投入指明方向。</p>
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<blockquote class="mt-4 border-l-4 border-purple-500 pl-4 text-sm text-gray-400">
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新闻数据：华为10月29日专利采用气相沉积法(CVD)使非晶态硅吸附到多孔碳骨架上，纯品比容量可达1987mah/g，首效90%。
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</blockquote>
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</div>
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<!-- 成本下降预期 -->
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<div class="glass-card rounded-3xl p-6 col-span-1 md:col-span-2 lg:col-span-2 row-span-2">
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<h3 class="font-semibold text-xl mb-3 text-indigo-300">成本下降路径清晰</h3>
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<p>尽管当前CVD硅碳成本高达<strong>40-70万元/吨</strong>，但降本路径清晰，远期目标<strong><20万元/吨</strong>，以实现与石墨的单位容量平价。</p>
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<ul class="list-disc list-inside mt-4 space-y-2 text-sm">
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<li><strong>上游材料端:</strong>
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<ul class="list-['-_'] list-inside ml-4 text-gray-400">
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<li>硅烷气价格已从23年高点20万/吨降至目前<strong>6-8万/吨</strong>。</li>
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<li>多孔碳材料正从昂贵的树脂基(>30万/吨)向低成本生物质基/焦基(<15万/吨)探索。</li>
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</ul>
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</li>
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<li><strong>设备端:</strong> 生产设备正从20Kg级向<strong>100Kg级流化床</strong>迭代，设备成本降幅达30-40%，规模效应显著。</li>
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<li><strong>价格目标:</strong> 龙头电池厂对硅碳的目标价24-26年是50、40、30W/吨，【30W/吨价格有望提前到25年到达】。</li>
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</ul>
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<div id="cost-chart" class="w-full h-64 mt-4"></div>
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</div>
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<!-- 需求端验证 -->
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<div class="glass-card rounded-3xl p-6 col-span-1 lg:col-span-1">
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<h3 class="font-semibold text-xl mb-3 text-indigo-300">需求端双轮驱动</h3>
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<p class="mb-2"><strong>消费电子</strong>巨头（华为、荣耀、苹果）率先采用，验证商业可行性，进入“10-100”阶段。</p>
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<p><strong>动力电池</strong>龙头（特斯拉、宁德时代）积极布局，打开远期巨大市场空间，开启“1-10”阶段。</p>
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</div>
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<!-- 预期差 -->
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<div class="glass-card rounded-3xl p-6 col-span-1 md:col-span-3 lg:col-span-3">
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<h3 class="font-semibold text-xl mb-3 text-rose-400">预期差分析：机遇与挑战并存</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-4 text-sm">
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<div>
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<strong class="text-rose-300">1. 成本与时间差：</strong> 市场对动力电池应用期待过高，但忽略了成本鸿沟。路演数据显示，动力电池大规模应用的价格门槛是<strong>20万元/吨</strong>，而新闻预测“26年后有望降至20万/吨”，时间表比市场情绪更审慎。
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</div>
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<div>
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<strong class="text-rose-300">2. 量产瓶颈被低估：</strong> 市场关注性能指标，但对产业化的核心瓶颈——设备效率低、良率不稳定（当前<strong>80-85%</strong>，需提升至<strong>95%</strong>）、批次一致性差认知不足。
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</div>
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<div>
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<strong class="text-rose-300">3. 产业链关键环节被忽视：</strong> 上游的<strong>高性能多孔碳</strong>（决定性能）和辅材中的<strong>PAA粘结剂</strong>（解决膨胀的关键，用量翻倍）是产业化的真正瓶颈和高弹性环节，其价值可能被低估。
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</div>
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<div>
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<strong class="text-rose-300">4. 技术路线复杂性：</strong> 市场倾向于模糊化概念，但实际上<strong>硅氧</strong>（日韩主导）、<strong>研磨法硅碳</strong>（过渡方案）、<strong>CVD硅碳</strong>（未来主流）三线并存，应用场景和成本迥异，决定了不同公司的竞争优势。
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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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<!-- 3. 技术路线 & 市场规模 -->
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<section id="tech-market" class="mb-16">
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<div class="grid grid-cols-1 lg:grid-cols-2 gap-8">
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<!-- 技术路线对比 -->
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<div class="glass-card rounded-3xl p-8">
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<h2 class="text-2xl font-bold mb-6 text-sky-300">主流技术路线对比</h2>
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<div x-data="{ tab: 'sic' }" class="space-y-4">
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<div class="tabs tabs-boxed bg-slate-900/50">
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<a class="tab tab-lg flex-1" :class="{'tab-active': tab === 'sic'}" @click.prevent="tab = 'sic'">CVD硅碳负极 (主流)</a>
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<a class="tab tab-lg flex-1" :class="{'tab-active': tab === 'sio'}" @click.prevent="tab = 'sio'">硅氧负极</a>
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</div>
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<div x-show="tab === 'sic'">
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<ul class="space-y-3 text-gray-300">
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<li class="flex items-start"><span class="text-green-400 mr-2">✔</span> <strong>优势:</strong> 膨胀控制最佳(可<12%)，循环性能优异，克容量高(<strong>1800-2000mAh/g</strong>)，首效高(<strong>85-90%</strong>)。</li>
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<li class="flex items-start"><span class="text-red-400 mr-2">✘</span> <strong>挑战:</strong> 成本高昂(当前40-70万/吨)，设备昂贵(流化床)，产能受限(公斤级->百公斤级)，批次稳定性待提升。</li>
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<li class="flex items-start"><span class="text-blue-400 mr-2">▶</span> <strong>应用:</strong> 高端消费电子，未来动力电池主攻方向。</li>
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</ul>
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</div>
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<div x-show="tab === 'sio'">
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<ul class="space-y-3 text-gray-300">
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<li class="flex items-start"><span class="text-green-400 mr-2">✔</span> <strong>优势:</strong> 循环寿命较优(可达1500次)，技术相对成熟，日韩厂商(松下/三星)应用较多。</li>
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<li class="flex items-start"><span class="text-red-400 mr-2">✘</span> <strong>挑战:</strong> 核心瓶颈是<strong>首次库伦效率低(通常<85%)</strong>，需额外昂贵的预锂化。克容量较低(1200-1500mAh/g)。国内面临海外专利壁垒。</li>
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<li class="flex items-start"><span class="text-blue-400 mr-2">▶</span> <strong>应用:</strong> 3C电池，特斯拉4680电池初期方案。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- 市场规模预测 -->
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<div class="glass-card rounded-3xl p-8">
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<h2 class="text-2xl font-bold mb-6 text-sky-300">市场空间预测 (纯品)</h2>
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<div id="market-size-chart" class="w-full h-80"></div>
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</div>
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</div>
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</section>
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<!-- 4. 产业链全景 -->
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<section id="industry-chain" class="mb-16">
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<h2 class="text-3xl font-bold mb-8 text-purple-300 text-center">产业链全景图</h2>
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<div class="space-y-8">
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<!-- 上游 -->
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<div>
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<h3 class="text-xl font-semibold mb-4 text-indigo-300 flex items-center"><span class="w-3 h-3 bg-indigo-400 rounded-full mr-3"></span>上游：核心原材料 & 关键辅材</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">核心原材料</h4>
|
||
<p class="text-sm text-gray-400"><strong>多孔碳:</strong> CVD硅碳必备前驱体，决定性能。元力股份、圣泉集团、金博股份。 </p>
|
||
<p class="text-sm text-gray-400"><strong>硅烷气:</strong> CVD法核心成本项(占~40%)。硅烷科技。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">关键辅材（高弹性环节）</h4>
|
||
<p class="text-sm text-gray-400"><strong>粘结剂(PAA):</strong> 抑制膨胀，用量是石墨负极的<strong>2倍</strong>。鹿山新材、日播时尚。</p>
|
||
<p class="text-sm text-gray-400"><strong>导电剂(CNT):</strong> 硅负极刚需，提升导电性和结构稳定性。天奈科技、道氏技术。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">生产设备</h4>
|
||
<p class="text-sm text-gray-400"><strong>CVD流化床:</strong> 核心生产设备，大型化是降本关键。东方电热。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 中游 -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold mb-4 text-sky-300 flex items-center"><span class="w-3 h-3 bg-sky-400 rounded-full mr-3"></span>中游：硅基负极材料生产商</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-4 gap-4">
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">绝对龙头: 贝特瑞</h4>
|
||
<p class="text-sm text-gray-400">布局早/产能大/客户广，技术全面（硅氧+五代硅碳），行业beta。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">技术先锋: 璞泰来</h4>
|
||
<p class="text-sm text-gray-400">深度绑定ATL，与华为合作专利，聚焦CVD硅碳，技术alpha。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">一体化潜力股</h4>
|
||
<p class="text-sm text-gray-400">硅宝科技（负极+粘合剂），道氏技术（负极+多孔碳+导电剂）。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">其他重要玩家</h4>
|
||
<p class="text-sm text-gray-400">杉杉股份, 翔丰华, 中科电气, 金博股份(金硅科技)等。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 下游 -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold mb-4 text-purple-300 flex items-center"><span class="w-3 h-3 bg-purple-400 rounded-full mr-3"></span>下游：终端应用</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">电池厂商</h4>
|
||
<p class="text-sm text-gray-400">宁德时代, ATL, 比亚迪, 松下, 三星SDI, LG新能源。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">终端品牌</h4>
|
||
<p class="text-sm text-gray-400"><strong>消费电子:</strong> 华为, 苹果, 荣耀, vivo, 小米</p>
|
||
<p class="text-sm text-gray-400"><strong>新能源车:</strong> 特斯拉, 蔚来, 极氪, 理想</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-4">
|
||
<h4 class="font-bold">新兴领域</h4>
|
||
<p class="text-sm text-gray-400">固态/半固态电池, 电动飞机, 人形机器人, 低空经济。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 5. 风险与结论 -->
|
||
<section id="risk-conclusion" class="mb-16">
|
||
<div class="grid grid-cols-1 lg:grid-cols-2 gap-8">
|
||
<!-- 潜在风险 -->
|
||
<div class="glass-card rounded-3xl p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-rose-300">潜在风险与挑战</h2>
|
||
<ul class="space-y-3">
|
||
<li><strong>商业化风险:</strong> <strong>成本是最大障碍</strong>。当前成本(40-70万/吨)与动力电池目标成本(<20万/吨)差距巨大。量产一致性和良率是严峻的工程挑战。</li>
|
||
<li><strong>技术风险:</strong> 体积膨胀问题仅为“缓冲”而非“根除”；远期可能面临<strong>锂金属负极</strong>等颠覆性技术竞争。</li>
|
||
<li><strong>竞争风险:</strong> 布局企业众多，未来可能出现价格战；硅氧路线面临海外专利壁垒。</li>
|
||
</ul>
|
||
</div>
|
||
<!-- 结论与启示 -->
|
||
<div class="glass-card rounded-3xl p-8">
|
||
<h2 class="text-2xl font-bold mb-6 text-green-300">综合结论与投资启示</h2>
|
||
<ul class="space-y-3">
|
||
<li><strong>阶段判断:</strong> 处于从<strong>主题炒作向基本面驱动过渡</strong>的关键阶段。未来1-2年是验证其能否跨越成本和规模化量产“死亡谷”的窗口期。</li>
|
||
<li><strong>价值排序:</strong> 1.高弹性上游/辅材（PAA粘结剂、高性能多孔碳）；2.技术领先的中游龙头（贝特瑞、璞泰来）；3.一体化布局者。</li>
|
||
<li><strong>关键跟踪指标:</strong> CVD硅碳负极市场报价(关注<30万/吨节点)，头部企业实际出货量，新款电动车硅添加比例(%)。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 6. 涨幅异动分析 -->
|
||
<section id="rise-analysis" class="mb-16">
|
||
<h2 class="text-3xl font-bold mb-8 text-purple-300 text-center">市场异动与催化剂解析</h2>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6">
|
||
<div class="glass-card rounded-2xl p-6">
|
||
<h3 class="font-semibold text-lg mb-2">中国宝安 (000009)</h3>
|
||
<div class="badge badge-success badge-outline mb-2">催化剂: 下游绑定</div>
|
||
<p class="text-sm">子公司贝特瑞与宁德时代、比亚迪签署<strong>固态电池负极材料保供备忘录</strong>，直接点燃市场对公司在固态电池材料环节“话语权”重估，引发抢筹涨停。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-6">
|
||
<h3 class="font-semibold text-lg mb-2">孚日股份 (002083)</h3>
|
||
<div class="badge badge-info badge-outline mb-2">催化剂: 产能落地</div>
|
||
<p class="text-sm"><strong>5万吨CVD法硅碳负极项目环评获批</strong>，标志着项目由“概念”转为明确的产能落地时间表（6-8个月倒计时），资金抢筹新能源材料赛道。</p>
|
||
</div>
|
||
<div class="glass-card rounded-2xl p-6">
|
||
<h3 class="font-semibold text-lg mb-2">尚太科技 (001301)</h3>
|
||
<div class="badge badge-warning badge-outline mb-2">催化剂: 技术突破</div>
|
||
<p class="text-sm"><strong>500吨级硅基负极中试线投料</strong>，良率>80%，标志公司从传统石墨负极向高容量硅基路线升级，打开估值空间。</p>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
|
||
<!-- 7. 相关公司列表 -->
|
||
<section id="stocks-list">
|
||
<h2 class="text-3xl font-bold mb-8 text-purple-300 text-center">相关产业链公司梳理</h2>
|
||
<div class="glass-card rounded-3xl p-4 sm:p-8 overflow-x-auto">
|
||
<table class="table table-zebra bg-transparent">
|
||
<thead class="text-base text-sky-300">
|
||
<tr>
|
||
<th>公司名称</th>
|
||
<th>业务环节</th>
|
||
<th>产品/技术路线</th>
|
||
<th>产能/进展</th>
|
||
<th>备注/其他标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- 绝对龙头 -->
|
||
<tr class="hover:bg-indigo-900/30 font-bold">
|
||
<td><a href="https://valuefrontier.cn/company?scode=835185" target="_blank" class="link link-hover">贝特瑞 (835185)</a></td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅氧 / 硅碳 (第五代)</td>
|
||
<td>已有0.5万吨/年, 在建4万吨/年</td>
|
||
<td>行业绝对龙头，与宁德/比亚迪签固态负极备忘录</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=603659" target="_blank" class="link link-hover">璞泰来 (603659)</a></td>
|
||
<td>中游-负极材料, 辅材</td>
|
||
<td>硅氧 / 纳米硅碳 (第二代), PAA粘结剂</td>
|
||
<td>小批量出货消费电子客户</td>
|
||
<td>技术先锋, 深度绑定ATL, 与华为合作专利</td>
|
||
</tr>
|
||
<!-- 上游原材料/辅材 -->
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=920402" target="_blank" class="link link-hover">硅烷科技 (920402)</a></td>
|
||
<td>上游-原材料</td>
|
||
<td>硅烷气</td>
|
||
<td>年产3500吨项目已投产</td>
|
||
<td>CVD法硅碳负极核心原材料供应商</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td>元力股份</td>
|
||
<td>上游-原材料</td>
|
||
<td>多孔碳</td>
|
||
<td>月出货20-30吨, 产能500吨</td>
|
||
<td>CVD法核心前驱体, 与华为密切对接</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td>圣泉集团</td>
|
||
<td>上游-原材料</td>
|
||
<td>树脂基多孔碳</td>
|
||
<td>已建成300吨产能</td>
|
||
<td>高性能多孔碳, 获头部客户认可</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=603051" target="_blank" class="link link-hover">鹿山新材 (603051)</a></td>
|
||
<td>上游-辅材</td>
|
||
<td>PAA粘结剂</td>
|
||
<td>客户端测试验证中</td>
|
||
<td>高弹性新增环节, 解决硅膨胀关键</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=688116" target="_blank" class="link link-hover">天奈科技 (688116)</a></td>
|
||
<td>上游-辅材</td>
|
||
<td>碳纳米管(CNT)导电剂</td>
|
||
<td>持续扩张, 已对固态电池客户出货</td>
|
||
<td>硅负极刚需导电剂龙头</td>
|
||
</tr>
|
||
<!-- 中游其他 -->
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=600884" target="_blank" class="link link-hover">杉杉股份 (600884)</a></td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅氧 / 硅碳</td>
|
||
<td>已有硅氧产能, 在建4万吨</td>
|
||
<td>路演信息称近期战略调整, 动力减弱</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=300019" target="_blank" class="link link-hover">硅宝科技 (300019)</a></td>
|
||
<td>中游-负极材料, 辅材</td>
|
||
<td>硅碳, PAA粘结剂</td>
|
||
<td>在建1万吨/年负极, 3000吨/年PAA</td>
|
||
<td>一体化布局（负极+粘结剂）</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=300409" target="_blank" class="link link-hover">道氏技术 (300409)</a></td>
|
||
<td>中游-负极材料, 辅材</td>
|
||
<td>硅碳, CNT导电剂</td>
|
||
<td>规划5000吨负极, 单臂CNT送样</td>
|
||
<td>一体化布局（负极+导电剂+多孔碳）</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=300035" target="_blank" class="link link-hover">中科电气 (300035)</a></td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅碳</td>
|
||
<td>中试线完成, 准备量产导入</td>
|
||
<td>布局固态电池硅碳及锂金属负极</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=300890" target="_blank" class="link link-hover">翔丰华 (300890)</a></td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅碳</td>
|
||
<td>客户测试中, 具备产业化条件</td>
|
||
<td>性能指标达行业龙头水平</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td><a href="https://valuefrontier.cn/company?scode=688598" target="_blank" class="link link-hover">金博股份 (688598)</a></td>
|
||
<td>中游-负极材料, 上游</td>
|
||
<td>氧化亚硅, 新型硅碳, 多孔碳</td>
|
||
<td>参股金硅科技批量供货</td>
|
||
<td>布局多孔碳中试开发</td>
|
||
</tr>
|
||
<!-- 设备 -->
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td>东方电热</td>
|
||
<td>设备</td>
|
||
<td>CVD流化床等</td>
|
||
<td>预计明年设备放量</td>
|
||
<td>核心生产设备制造商</td>
|
||
</tr>
|
||
<!-- 海外 -->
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td>信越化学 (日本)</td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅氧</td>
|
||
<td>-</td>
|
||
<td>硅氧路线技术和专利龙头</td>
|
||
</tr>
|
||
<tr class="hover:bg-indigo-900/30">
|
||
<td>Group 14 (美国)</td>
|
||
<td>中游-负极材料</td>
|
||
<td>硅碳</td>
|
||
<td>在建1.2万吨产能</td>
|
||
<td>海外硅碳负极重要玩家</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
<footer class="text-center mt-16 text-xs text-gray-500">
|
||
<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>
|
||
<p>本报告为AI合成数据，仅供研究参考，投资需谨慎。</p>
|
||
</footer>
|
||
</div>
|
||
|
||
<script>
|
||
document.addEventListener('DOMContentLoaded', function () {
|
||
// Market Size Chart
|
||
var marketSizeChartDom = document.getElementById('market-size-chart');
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||
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|
||
var marketSizeChart = echarts.init(marketSizeChartDom, 'dark');
|
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|
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||
textStyle: { color: '#ccc' }
|
||
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|
||
grid: {
|
||
left: '3%',
|
||
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|
||
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||
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|
||
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|
||
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|
||
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|
||
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|
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name: '全球用量 (万吨)',
|
||
type: 'bar',
|
||
data: [5.81, null, 2.7, 9, 8], // 2025年路演数据为万吨级，暂不量化
|
||
itemStyle: {
|
||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
|
||
{ offset: 0, color: '#83bff6' },
|
||
{ offset: 0.5, color: '#188df0' },
|
||
{ offset: 1, color: '#188df0' }
|
||
])
|
||
}
|
||
},
|
||
{
|
||
name: '全球市场空间 (亿元)',
|
||
type: 'line',
|
||
yAxisIndex: 1,
|
||
data: [91, 300, null, 228, 130],
|
||
smooth: true,
|
||
lineStyle: { color: '#7C3AED' },
|
||
itemStyle: { color: '#7C3AED' }
|
||
}
|
||
]
|
||
};
|
||
marketSizeChart.setOption(marketSizeOption);
|
||
}
|
||
|
||
// Cost Chart
|
||
var costChartDom = document.getElementById('cost-chart');
|
||
if(costChartDom) {
|
||
var costChart = echarts.init(costChartDom, 'dark');
|
||
var costOption = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {
|
||
trigger: 'axis',
|
||
formatter: '{b}: {c} 万元/吨'
|
||
},
|
||
grid: { left: '15%', right: '5%', top: '10%', bottom: '15%' },
|
||
xAxis: {
|
||
type: 'category',
|
||
boundaryGap: false,
|
||
data: ['当前', '2024E', '2025E', '2026E', '远期目标'],
|
||
axisLine: { lineStyle: { color: '#888' } }
|
||
},
|
||
yAxis: {
|
||
type: 'value',
|
||
name: '成本 (万元/吨)',
|
||
axisLine: { lineStyle: { color: '#888' } },
|
||
splitLine: { lineStyle: { color: 'rgba(255,255,255,0.1)' } }
|
||
},
|
||
series: [{
|
||
data: [70, 50, 30, 20, 15],
|
||
type: 'line',
|
||
smooth: true,
|
||
symbol: 'circle',
|
||
symbolSize: 8,
|
||
areaStyle: {
|
||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [{
|
||
offset: 0,
|
||
color: 'rgba(239, 68, 68, 0.5)'
|
||
}, {
|
||
offset: 1,
|
||
color: 'rgba(239, 68, 68, 0)'
|
||
}])
|
||
},
|
||
lineStyle: { color: '#EF4444' },
|
||
itemStyle: { color: '#EF4444' }
|
||
}]
|
||
};
|
||
costChart.setOption(costOption);
|
||
}
|
||
|
||
window.addEventListener('resize', function() {
|
||
if(marketSizeChart) marketSizeChart.resize();
|
||
if(costChart) costChart.resize();
|
||
});
|
||
});
|
||
</script>
|
||
</body>
|
||
</html> |