电力设备行业锂电产业链25%2626Q1业绩回顾：景气周期确立看好全年业绩稳健上行

20

15

10

5

0

Z4Çł

Z4Ç2

Z4ÇJ

Z4ÇI4

Z0Z4

25Q1

Z5Ç2

Z5Ç3

2SQ4

Z025

Z6QI

'QY ÇIoQ

602407.SZ•Şt•

2,129.15

2,480.14

2,267.05

1,330.61

8,206.95

2,098.07

2,230.37

2,400.40

2,705.41

9,434.2S

3,215.50

.3H

18.996

002709.SZÏ¥tłțțȘl

2,463.06

2,986.97

3,412.79

3,655.4B

12,518.30

3,488.66

3,540.07

3,B13.B4

5,807.33

16,649.89

6,673.4B

14.996

300037.SZAÎ1FJ1î

1,515.40

2,067.09

2,084.57

2,179.74

7,846.79

2,002.43

2,245.84

2,368.14

3,022.76

9,639.17

3,361.17

s6

11.296

603026.SBȚÎKIÏt*F

1,220.BI

1,400.21

1,539.68

1,3B6.04

5,546.73

1,588.13

1,422.74

1,624.40

2,173.12

6,808.39

2,230.4B

/0.49ól

2.696

Üft

7,328.40

8,934.41

9,304.08

8,551.87

34,118.76

9,177.28

9,439.02

10,206.78

13,708.62

42,531.70

15,480.63

96Ș

12.996

Z4Çł Z4Ç2

Z4ÇJ

Z4ÇI4 Z0Z4 25Q1

Z5Ç2

Z5Ç3 2SQ4

Z025

Z6QI 'QY ÇIoQ

2

S

8

77

7255

3465 377

2084

265

852

2

6

9873

3 5 2

4

002709.SZÏ¥łfł4Ș[

100.67

85.či1

100.59

94.84

3B1.60

134.24

100.36

138.57

986.54

1,3łi9.72

1,560.16

396l

58.1496

300037.SZ8Î1IÏJ1î

183.68

247.29

275.43

243.9S

950.34

221.89

244.24

249.18

374.28

1,089.57

469.72l

111.69%

25.5096

603026.SNȚiKIÏt*F

23.61

7.76

-2B.82

2.84

5.39

-29.64

-27.SO

-B.B9

79.53

13.50

279.99

696

252.0696

Üft

316.07

347.73

274.65

-4.88

933.57

347.33

291.45

360.33

1,562.41

2,561.53

2,690.0ł

4.4896

72.1796

24Qł 24Ç2 24Ç3 24ÇI4 Z024 25Qł 25Q2 25Ç3 2SQ4 2025 Z6Q1 'QY QoQ

002T25.SZİDt'ÍlÍŁ 359.70 496.12 527.60 529.01 1,912.44 417.81 479.04 505.45 519.00 1,921.30 419.20 0.336

002340.SZİ'İíł'łi 8,854.16 8,983.99 7,534.28 8,327.4033,199.88 9,495.95 8,064.79 9,936.96 9,625.8987,123.58 9,9BJ.67) 5.1S6

-19.296

3.74ó

300073.SZfi)TRCÆ 1,516.72 2,024.57 1,983.97 2,067.83 7,593.10 1,908.01 2,524.49 Z,966.75 2,974.9910,374.24 4,525.62 2.Æ#6

300769.5]tB)/#)) 1,B92.06 2,448.76 2,189.57 1,0B2.5S 7,612.94 2,003.63 1,B78.OO 2,154.50 2,68037 8,716.49 4,336.Æg .g0

30IJ58.SZM¡Ë)#% Æ,520.11 6,]61.51 '3,097.54 6,719.37]2,598.53 6,762.14 7,595.64 8,868.44113985634,624.77T4,965.Œ4 JÆ.396

27.6R

688005.SHW£ÎÜłż 3,691.64 3,195.98 4,435.66 3,764.2815,087.55 2,963.86 3,28^.S7 2,737.43 3,281.5812,267.44 3,781.36 15.296

688779.SIJ1i#’W 1,087.64 1,4Tg.1T 1266.38 T,765.97 5,539.10 l,ś08.04 l,Æ96.14

688275.S)-)73ÆÆŒ 1,1S4.69 1,79Z.97 1,904.5S 2,670.39 7,S22./›9 2,278.17 2,1S7.72

.3004?2.SZ(ËĞ‘11l 1,495.75 2,099.16 2,287.78 2,SB7.S5 8,970.24 2,696.81 3,116.27

60J906.SIIÆWR{A 1,474.47 2,094.14 2,092.08 2,012.36 7,673.05 1,S92.28 2,029.60

3it 28,84S.7433,817.6432,901.63 3*,S03.2537,183.40

2,150.23

2,899.78

3,271.33

2,203.50

93,220.08

4,285.68 9,3*0.09

4,1S6.1111,491.7B

4,397.6713,4B2.2B

3,112.39 8,937.78

S3,2S2.59168,1S9.30

3,o10.3aS,380.06

/i,034.063,496.82

61,/›86.18

Ę

.M

34,941.16130,/›06.17

3W

-z?.gB29.4B6

14.9)6

12.4')6

14.6*

688778.SHłg8ágÎ8E 3,298.79 3,IÏ01.35 3,582.22 3,414.4313,296.79 2,976.S6 4,S57.15 5,525.52 6,82IÏ.3S19,879.57 6,SB5.16 -3.4s6

356.0M ß

131.9D 30.7h

24Qł 24Ç2 24Ç3 24ÇI4 Z024 25Qł 25Q2 25Ç3 2SQ4 2025 Z6Q1 'QY ÇIoQ

001301.SZf'dÀfłłż 861.22 T,232.26 1,526.50 1,609.27 5,229.25 1,627.68 1,760.16 2,117.78 2,437.42 7,943.04 2,19d.01 .9% -9.996

300035.SZ'l'f1ü’t 1,065.77 1,197.93 L,619.96 1,697.39 5,5B1.05 1,597.77 2,015.06 2,291.31 2,563.51 8,4ó7.ó5 2,271.57 2S6 -11.49ó

300890.SZ8łTT 332.92 374.46 338.19 342.78 1,3B8.34 306.02 381.57 443.31 544.22 1,675.12 536.58 -1.496

600884.SNUUIŁźÏ›/ 3,752.32 5,067.54 4,463.78 5,396.09ż8,679.78 ^,804.30 fi,05^.18 4,950,61 6,777.9221,587.02 5,380.12 12,0s6 -20.6@

920185.BJbtțȘJ$t 3,528.39 3,509.43 3,231.46 3,967.5314,236.82 3,391.59 4,446.06 4,546.BI 4,598.3716,982.82 4,310.43 7.1ł6 -6.Z96

Üft 9,540.611T,38T.6211,179.8813,013.074S,IłS.1811,727.3713,657.0314,349.8216,921.4456,655.6514,693.70QS.3s6 -13.2s6

24Qł

24Ç2

24Ç3

24ÇI4

Z024

25Qł

25Q2

25Ç3

2SQ4

2025

Z6Q1

'QY

ÇIoQ

00I30ł.SZİ“4ÀfłłJ

143.15

205.03

223.19

237.18

808.55

247.07

243.46

239.08

234.49

964.10

191.72

-22.40%

-IB.2496

300035.SZ'l'f1!ü’t

32.62

55.79

117.41

139.50

345.32

125.73

156.34

129.25

Z6.IB

437.50

62.II

-50.ó0S6

137.2696

300890.SZfțIC-P

ł1.65

13.16

13.68

-8.2S

30.23

-10.32

.d.48

19.86

30.55

3S.6ì

18.06

275.07s6

-40.8796

600884.SHÜÜF4Í›¡

-73.35

97.26

12.43

-804.73

-768.40

14.97

153.63

54.10

150.13

372.83

316.03

0ô

110.5196

9Z0I85.BJİittjfß

25371

28067

14467

23404

91308

16296

26708

2J445

4l01

68549

1540,8

-S4S9fi

Z7S759ò

3Ü

367.78

651.9T

51137

-202.26

T,328.80

540.Æ1

816.02

656.75

482.35

2,495.53

742.01)

37.3*t6

Sü.83M

)

)

24Qł

24g2

24g3

24g4

Z024

25Qł

25Q2

25g3

2SQ4

2025

Z6Q1

'oY/petsQoQ/pets

300001.SZI.îtËÏß

18.2896

21.8096

20.7596

37.SI96

25.9296

22.1296

27.4296

27.7696

28.9496

27.3696

23.0596

.92

5.90

002276.SZ7/'țlŁłȚłł

12.5796

IN.5296

10.306

11.0996

11.3296

11.9696

12.8796

12.8096

IO.9I9Ł

12.1496

10.I696

1.79

.75

002130.SZ/Ș•łțł

33.1696

33.2996

32.1596

29.I8s6

31.7396

32.S3s6

32.3996

31.3896

30.5696

31.6Ss6

30.4696

2.07

.IO

002227.SZAt-łJIî

24.9496

28.7796

24.4396

27.1796

26.5996

21.4896

21.7996

20.0596

24.2696

22.2296

28.2996

002518.SZțțJ:J6

33.3696

30.9596

31.11

24.1596

29.4396

29.37%

28.7096

27.9396

29.8996

28.9896

29.7196

0.34

.18

3003ó0.SZAï*FFłtîf

41.3996

S3.I796

48.3696

46.269ó

47.S596

42.S296

43.6296

44.0496

42.3696

43.I09ó

40.9796

ż.55

1.3S

30049ł.SZidĞfłłJ

30.9796

27.88s6

26.4996

2S.914ó

27.2Ss6

25.9996

27.1096

22.34s6

23.4396

24.394ó

20.28s6

5.72

.16

z006s.1.SZ3'Îrtïłł

39.5496

39.5996

*1.469

37.O696

39.2096

39.6196

38.52

4z.3896

35.8996

38.4796

40.S896

.97

300713.SZB*/Ø

26.0496

20.1796

24.7996

14.6496

20.3896

27.4096

17.2896

12.9096

IS.5296

17.7896

19.9296

7.48

600212.SNfątÏÏŁZ:/¢

26.41%

30.0096

30.8296

23.0996

26.9096

31.7996

28.4196

25.0196

31.0496

28.4296

24.2196

7.58

.83

688208-SH1Ef£İI

56.729(

55.899(

54.999(

54.019(

55.319(

56.58H

52.5396

57.439(

57.789t

56.079(

56.179(

.41

1.62

6gsi7.SHemu't

37.139ò

38.499ò

31.4296

24.409ó

32.ô496

29.459ò

29.159ò

27.319ò

27.929(

28.3996

34.8196

3it

2S.04X

2S47B

2429x

28.35'b

2S94a

26.10X

26.29X

26.60B

2696Œ

2654a

25.03a

ł07

/Æ94

24Qł 24g2 24g3

300001.SZÈ•îtËÏß 1.8496 3.0096 5.4196

002276.SZ7/'țlŁłȚłł 1.3696 2.6196 0.806

002130.SZRfiłBŁł 12.4596 12.8896 13.1596

002227.SZižțț•ÎJIț -29.87»á -6.43à -12.08s6

002S1ß.SZei.FR 13.929+ 8.6I9i II.929+

300360.SZż'*FÑ}ż 29.4596 41.8196 36.9796

300491.SZłËĞł'łłż 3.8396 4.0996 -0.2696

.10069.'3.SZu'ztfłł 9.9896 13.6696 12.989a

300713.SZBn/JË -29.579ó -20.7696 -40.9296

600212.SHí4JÍŁ,J;fć -5.459ò 3.199ò -2.339ò

688208-SHlEf£Plİž J4.479( 16.799( 16.0^9(

68gs*7.SIItÜ*C't TI.04)6 l4.5l 9.724(

3it 6.29‹m 7.46& 7.1S%

24g4

7.7696

1.6396

8.4996

-4.459ó1.289i

17.0796

0.3196

\6.694ó

-47.50s6

4.279ò

8.619(

11.74)6

S.85‹b

Z024

4.9796

1.6296

11.S3s6

-ł0.S996

8.z89i31.8I96

1.5896

13.7396

-35.38s6

1.119(

13.759(

12.SU

6.67&

25Qł 25Q2 25g3

2.1696 4.9296 9.2496

1.S396 3.0296 3.1096

13.7196 13.5696 12.0896

-42.78% -15.60»á -39.53à10.939i 10.9s9+ I2.669i

33.6796 32.3796 32.4296

-3.8296 5.4396 0.8496

11.3196 10.96a 13.4396

-11.70s6 -14.9296 -17.8696

-3.689ò I.999ò 2.619ò17.99H 22.2196 21.129(

11.854( 10.57)6 7.86a

7.19‹m 8.02‹m 8.91&

2SQ4

7.6396

-1.749Ł12.5696

-23.03s69.489i

16.4896

3.1S96Is.9S96

-SI.6S96

-1.149(11.319t

9.86%

6.1B&

2025

6.SS96

1.4696

12.9496

-27.559ói0.959i28.6096

2.2096

\3.434ó

-24.22s6

0.609ò

17.989(

9.93)6

752)6

Z6Q1

2.2596

0.8396

10.90s6

-28.S496i0.489i26.4696

-0.789611.4s96

-34.4396

-7.579(

14.959(

ll.4US.64&

'oY/pets

)0.08

)0.70

2.82

§.4S

7.20

.04

)0.17

2.72

3.89

3.04

0.45

*.S5

.93

4.47

.43

.6s

.ss

.s3

24Ql

24QZ

24Q3

24Q4

2024

ZSQ1

25Q2

2SQ3

Z5Q4

20Z5

26Ql

YoY

QoQ

3O10]1.SZNP##41§

269.02

324.82

371.P3

455.15

1,420.P3

3Q0.04

44B.47

595.38

7]B.50

2,172.40

631.56

*4.50(

600S63.SHTEłżIIłT

980.25

1,136.96

1,321.86

1,332.68

4,771.75

1,203.60

1,295.71

1,444.97

1,382.68

5,326.96

1,284.50

6.796

-7.i96

&O088S.SI-IEB#BB

3,4S2.81

3,778.3B

3,637.81

3,233.S0

14,102.50

3,982.80

4,364.26

4,S67.06

4,288.36

17,202.48

S,107.69

¥B

.1'b

6O8J*2.SHR#?%

392,43

446.69

575.78

749.64

2,164.53

707.35

684.71

701.66

688.15

2,781.78

63S.67

24.3%

22.2B

n0-

S,O94.S1

S,686.8S

S,907.38

S,770.97

22,459.71

6,283.78

6,793.16

7,308.97

7,097.70

27,4B3.61

7,SS9.42

.S96

j6.SP

*22:T%%%ffT?%4%TJ ?l(1:0t%)

24Ql

24QZ

24Q3

24Q4

2024

ZSQ1

25Q2

2SQ3

Z5Q4

20Z5

26Ql

YoY

QoQ

301031.SZ•P@IgC

25.79

37.92

54.44

65.73

183.88

58.59

76.29

104.44

161.6B

401.00

107.32

3.6296

600563.SH}1IttT-

203.18

257.09

291.32

272.25

1,023.83

258.46

297.IB

311.33

261.35

1,128.33

263.02

1.7696

0.6496

600885.SND§§¥t

333.15

453.19

413.39

315,01

1,514.74

380.52

546.18

483.77

232.14

1,642.60

449.84

,2296

603312.SHPj%¥tfR

48.74

42.35

55.48

72.05

218.63

72.24

65.73

70.92

49.13

258.OF

57.16

0.8796

.3596

nIN

610.85

790.55

814.64

725.04

2,941.08

769.81

985.38

970.45

704.30

3,429.9S

877.35

.9796

.5796

24Ql

24QZ

24Q3

24Q4

2024

ZSQ1

25Q2

2SQ3

Z5Q4

20Z5

26Ql

YoY/pets

QoQ/pets

301031.SZ•P@IgC

38.096

38.696

39.I96

42.196

39.796

3B.696

41.496

41.196

40.796

40.696

35.996

2.67

.8Z

600563.SH}1IttT-

33.196

34.99+

34.296

31.596

33.496

31.3@

34.796

32.596

30.096

32.196

31.796

.35

69

600885.SN@§§gt

34.996

34.696

3S.996

39.796

36.296

33.8fi›

34.796

35.496

33.496

34,396

32.196

1.68

1.30

603312.SHPj%¥tfR

19.796

I5.996

17.696

16.896

17.496

17.3%

16.096

16.696

12.996

15.796

17.696

.33

nIN

33.696

33.596

34.096

35.096

34.096

31.7%

33.296

33.596

31.5B6

32.596

31.396

0.43

.19

24Ql 24QZ 24Q3 24Q4 2024 ZSQ1 25Q2 2SQ3 Z5Q4 20Z5 26Ql YoY/petsQoQ/pets

301031.SZ•t•tItf& 9.696 11.796 14.696

600S63.SHT)itigT 20.796 22.696 22.096

60OB85.SN@&@t@ 9.69¢ J2.096 11.496

G033t2.SHjjgjR 12.49s 9.59f 9.696

nIN 12.096 13.996 13.896

14.496 12.996 15.056 17.096 17.596 21.996 18.596 17.096

20.496 21.596 21.SP 22.996 21.596 1B.996 21.296 20.596

9.796 10.796 9.696 12.S96 10.6% 5.496 9.S% 8-896

9.696 10.196 10.2% 9.696 10.196 7.196 9,396 10.796

12.696 13.196 12.3% 14.596 13.396 9.9B6 12.596 11.696

7

.00

.75

.46

.64

.90

7

33:

34:

35:

36:

37:

%38:

%39:

%40:

%41:

42:

43:

44:

45:

%46:

%47:

%48:

%49:

50:

%51:

52:

53:

%54:

ÕSS:

%56:

%57:

58:

59:

60:

61:

%62:

%63:

%64:

%65:

66:

67:

68:

69:

ztA@îŁïT11T!J '!è/R. 14

ztA@îh11íaJ @4'Ie/R 14

ztA@îh11%@ @4'Ie/R 14

ztA@'ïh11J3%îTJîídÄLLf%'!è/R 1s

ztA@îh11J3%îT!J4'Ie/R 1s

^]t ñÜai*PAÄLL1%IeR. 1s

^]t TìÜÜöi4Ir'/R(()v:;*) 16

^]t TìÜ#Yöi4Ir'/R(()v:;*) 16

@WIëÜ%RÜåT+J*Ie/R((v:WDł) 17

?ÿ @íü ((ü:x/kg) 17

@WIëiìi%#YêLLTM%'Ie/R. 18

@WIÄÜÜTÆ+1*'IÅ/R. 18

]íIńñiIan IrR. 18

]íIńñi;3%;T1INR. 18

]íIńTìi*4AêLL1*%IrR. 18

]íIńTìÜ#YöGIe'/R(()v:;*) 18

iéli%VêLLI%'IÅ/R. 20

iéÜûíGü ((ü:Vx/FÌ) 20

iélitT+J'IÅ?R. 20

ié if3%