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JYLiu
JYLiu
·
10-21
预测都是扯淡。
营收狂奔、利润失速，宁德时代怎么了？
营收创季度新高、出货突破260GWh，宁德时代的增长故事仍在续写——但单位净利润已跌至82元/kWh历史低位，股价两个月内回调逾三成。消费税转嫁悬而未决、出口退税影响显现、高价值储能收入确认滞后，高盛等四大投行集体下调盈利预期。摩根大通警告，如果税负传导仍不充分，第四季度盈利能力可能继续承压。
营收狂奔、利润失速，宁德时代怎么了？
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JYLiu
JYLiu
·
09-30
车企自研是伪命题，只是参股企业吧了，就那点资金能演出什么东西来。
为何还要自研电池 李想回应三方面原因
日前，工信部旗下媒体中国工信新闻刊发评论文章《“去宁德化”论调要不得》，针对行业内持续发酵的“去宁德化”舆论作出表态。文章强调，这一说法本身就是一场舆论闹剧，不应当把车企正常的供应链调整，曲解为排斥本土龙头企业、制造整车厂与动力电池企业的对立。
为何还要自研电池 李想回应三方面原因
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编组 21备份 2
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JYLiu
JYLiu
·
09-04
不就是等跌很了再回购，这得少出多少资金啊。
宁德时代最新公告：截至8月31日公司尚未实施股份回购
宁德时代(300750.SZ)公告称，公司于2026年7月24日及8月12日审议通过回购A股股份方案，拟使用不低于200亿元且不超过400亿元自有或自筹资金回购股份，用于注销并减少注册资本。截至2026年8月31日，公司尚未实施股份回购，后续将根据市场情况继续推进回购计划。以上内容为证券之星据公开信息整理，仅供参考不构成投资建议。
宁德时代最新公告：截至8月31日公司尚未实施股份回购
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JYLiu
JYLiu
·
08-06
他们那张嘴建，有几个好东西。
港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑
【港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑】智通财经APP获悉，宁德时代(03750.HK)转跌逾3%，早盘曾涨超4%。截至发稿，跌2.7%
港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑
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编组 21备份 2
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JYLiu
JYLiu
·
07-30
记着我今天说过的，固态电池起码要2030年以后上市。
宁德时代：2027年有望实现全固态电池小批量生产
证券之星消息，宁德时代(300750)07月29日在投资者关系平台上答复投资者关心的问题。投资者提问：尊敬的董秘，请问公司目前的固态电池中试线建设情况如何？宁德时代回复：投资者您好，公司在全固态电池上持续坚定投入，技术处于行业领先水平，2027年有望实现小批量生产，感谢您的关注。本文数据来源于深圳证券交易所互动易，仅供参考不构成投资建议。责任编辑：刘浩然
宁德时代：2027年有望实现全固态电池小批量生产
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JYLiu
JYLiu
·
06-22
厂家没有喊，都是外部人员整天喊不停，2030年谁也不能真正量产装车，都是试验品。
固态电池量产倒计时：丰田、宁德、比亚迪的三条路
03三条路线抢跑：丰田最难、宁德最稳、比亚迪最慢固态电池的核心难题，不在电池本身，在固态电解质，用什么材料，决定了这条路有多难走、有多远。2026年2月，丰田正式宣布：原定2026年的全固态电池量产计划推迟至2028年。在全固态线上，宁德时代走得比外界预期的更快。当固态电池和磷酸铁锂卖一个价的时候，才是比亚迪真正翻桌子的时刻。半固态的成本已经在大幅下降。2026年半固态电池的成本目标降至1.2元/Wh以下。
固态电池量产倒计时：丰田、宁德、比亚迪的三条路
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JYLiu
JYLiu
·
05-14
减持规则本就是扯淡，这本就不是人设计的。
近400家公司拟减持合计超千亿，多只翻倍股遭套现
截至5月14日收盘，4月以来上证指数累计涨幅超7%，深证成指累计涨幅超16%，创业板指涨幅超24%。数据显示，4月份以来，已有190名上市公司控股股东或实际控制人发布减持计划，涉及120家上市公司，拟减持金额约337.01亿元，占总金额的28%。 持股5%以上的大股东减持力度更为显著，143名大股东拟减持上限约628.30亿元，占比超过五成。公司4月8日公告称，实际控制人朱一明拟减持不超过1121万股，占公司总股本比例1.60%，拟减持金额上限28.69亿元。
近400家公司拟减持合计超千亿，多只翻倍股遭套现
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JYLiu
JYLiu
·
01-30
鬼话能信
15股获券商买入评级，宁德时代目标涨幅达75.79%
Wind数据显示，1月29日，共有15只个股获券商买入评级，其中2只个股公布了目标价格。按最高目标价计算，宁德时代、鼎胜新材目标涨幅排名居前，涨幅分别达75.79%、39.29%。从评级调整方向来看，12只个股评级维持不变，2只个股评级获调高，1只个股为首次评级。从获买入评级个股所属Wind行业来看，资本货物、技术硬件与设备、半导体与半导体生产设备买入评级个股数量最多，分别有6只、3只、2只。
15股获券商买入评级，宁德时代目标涨幅达75.79%
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JYLiu
JYLiu
·
01-22
$宁德时代(300750)$
如此下去，自己人还不得套现千亿，甚至更多，这就是我们市场独有的特色之处
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JYLiu
JYLiu
·
2025-11-20
再多的利好不如一个大股东一百多亿亿的套现，这就是最大的利空。
主力复盘：14.39亿流入三六零 17.13亿流出宁德时代
11月17日，沪指跌0.46%，深成指跌0.11%，创业板指跌0.2%。两市成交额1.91万亿，较上个交易日缩量473亿。数据显示，今日大盘主力资金净流出396.40亿。软件开发、能源金属、互联网服务等板块主力资金流入排名居前，其中软件开发净流入34.68亿元。主力净买入个股中，三六零排名第一，主力净买入14.39亿元，该股今日涨停；华胜天成排名第二，主力净买入12.26亿元。
主力复盘：14.39亿流入三六零 17.13亿流出宁德时代
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left;\">市场已经提前反映部分担忧。摩根大通指出，过去两个月宁德时代A股和H股累计回调33%至35%，同期沪深300指数下跌约10%。投行普遍认为，接下来股价的关键变量，不是需求有没有，而是税负能否转嫁、储能系统集成收入何时确认，以及单位利润能否企稳。</p><h2 style=\"text-align: left;\">增长仍在加速，收入端没有失速</h2><p style=\"text-align: left;\">从收入和出货看，宁德时代依然处在高增长轨道。</p><p style=\"text-align: left;\">宁德时代第三季度营收为1652亿元，同比增长58.6%，环比增长11.8%。前三季度营收达到4421亿元，同比增长56.2%。第三季度电动车和储能电池合计出货超过260GWh，同比增长44.4%，环比增长13.0%。</p><p style=\"text-align: left;\"><strong>结构上，储能占比继续提高。</strong>摩根大通估算，第三季度储能约占总电池销量的四分之一，电动车电池约占四分之三。杰富瑞称，储能占比约25%，高于2025年的18%。这说明宁德时代的增长并不单靠动力电池，储能已经成为重要增量。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3687cdf2386ace202b5a35cdc07ac17e\" data-align=\"center\" tg-width=\"1852\" tg-height=\"734\"/><span></span></p><p style=\"text-align: left;\">但收入确认节奏也变得更复杂。高盛和摩根大通均提到，海外交流侧储能项目通常需要并网验收，收入确认周期可能达到6至12个月。<strong>这意味着部分高价值系统集成项目已经发货，但仍以“发出商品”形式留在库存中，暂未完全反映到利润表。</strong></p><h2 style=\"text-align: left;\">利润承压，核心是单位盈利下滑</h2><p style=\"text-align: left;\">四家投行对第三季度业绩的核心判断高度一致，营收强，利润弱。</p><p style=\"text-align: left;\">宁德时代第三季度毛利率为20.7%，同比下降5.1个百分点，环比下降2.5个百分点。高盛称，这一毛利率低于其预期3.8个百分点。EBIT利润率降至13.2%，净利率降至12.9%。</p><p style=\"text-align: left;\">单位利润的变化更直接。高盛称，第三季度单位净利润为82元/kWh，低于2025年第三季度的112元/kWh，也低于2026年第二季度的97元/kWh。摩根大通则估算，宁德时代第三季度单位净利润约0.08元/Wh，低于此前约0.10元/Wh的水平。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/740271a8be63f433b8193a706ed04a3c\" data-align=\"center\" tg-width=\"1704\" tg-height=\"752\"/><span></span></p><p style=\"text-align: left;\"><strong>管理层将单位利润下滑归因于三项因素。第一，产品结构不利，第三季度交付了更多低附加值、制造相对简单的项目。第二，自9月起实施的2%电池消费税带来新增成本。第三，出口增值税退税率下调的影响在第三季度体现得更完整，第二季度只反映了部分影响。</strong></p><p style=\"text-align: left;\">杰富瑞还提到，研发投入增加和锂碳酸价格波动导致的库存减值，也拖累利润表现。第三季度研发费用为71.4亿元，同比增长43.6%。资产减值损失升至约18.9亿元，主要与库存计提有关。</p><h2 style=\"text-align: left;\">税负能否传导，是短期最大变量</h2><p style=\"text-align: left;\">消费税和出口退税变化，是市场最关注的利润变量之一。</p><p style=\"text-align: left;\"><strong>摩根大通称，第三季度仅反映了一个月消费税影响，而第四季度将承担完整季度影响。如果税负传导仍不充分，第四季度盈利能力可能继续承压。</strong></p><p style=\"text-align: left;\">管理层表示，正与客户逐项协商消费税和出口退税变化带来的成本分担，但这些谈判结果尚未完全体现在财务报表中。摩根大通指出，在新的商业安排达成前，新增税负无法完全转嫁，仍会体现在宁德时代自身利润中。</p><p style=\"text-align: left;\">高盛在模型中假设，宁德时代将在今年剩余时间承担全部消费税影响，并从2027年起与客户分担消费税和出口退税变化带来的成本。基于此，高盛将2026年至2028年每股收益预测下调4%至7%。</p><p style=\"text-align: left;\">瑞银调整更大。瑞银将2026年至2028年净利润预测下调11%至14%，至902亿元至1315亿元区间，理由包括单位利润下降、库存减值以及消费税影响。</p><h2 style=\"text-align: left;\">现金流短期恶化，但管理层称是主动安排</h2><p style=\"text-align: left;\">利润表之外，现金流也出现明显波动。</p><p style=\"text-align: left;\">高盛称，宁德时代第三季度经营现金流入降至14.09亿元，低于此前每季度200亿元至300亿元的区间。资本开支环比增长35%、同比增长73%，至170.95亿元，导致自由现金流转负，约为负156.86亿元。</p><p style=\"text-align: left;\"><strong>管理层解释称，现金流下降主要来自主动增加预付款、缩短上游供应商账期，以及支持供应商扩产，以匹配下游强劲需求。摩根大通称，管理层预计相关营运资金影响还会持续两到三个季度，之后经营现金流有望恢复健康水平。</strong></p><p style=\"text-align: left;\">库存也继续上升。杰富瑞数据显示，第三季度末库存环比增长11%，至1448亿元。投行普遍认为，这既反映出出货规模扩大，也反映海外交流侧储能项目交付周期较长，发出商品和在途物料增加。</p><h2 style=\"text-align: left;\">管理层押注三条修复路径</h2><p style=\"text-align: left;\">宁德时代管理层对需求仍保持积极判断。</p><p style=\"text-align: left;\">高盛和摩根大通均称，管理层预计未来全球电池需求可实现20%至30%的增长。动力电池方面，国内乘用车市场整体承压，但新能源渗透率提升、单车带电量上升和商用车电动化仍将支撑需求。海外方面，管理层预计美国增长有限，但欧洲电动化仍会推进。</p><p style=\"text-align: left;\"><strong>储能方面，管理层承认国内储能需求存在不确定性，但对海外需求保持信心。杰富瑞称，海外储能需求受到能源安全和AI算力中心用电需求支撑。高盛则认为，市场可能低估了宁德时代向储能系统集成转型带来的利润改善，只是相关收入确认需要时间。</strong></p><p style=\"text-align: left;\">换电也被多家投行视为宁德时代应对利润压力的战略工具。摩根大通称，管理层反复强调换电、钠离子电池和下一代产品，而不是单纯依赖电池涨价。高盛提到，宁德时代“巧克力换电”网络已覆盖31个省级区域，站点达到2500座，目标年底超过3000座。公司还在推进重卡换电生态。</p><p style=\"text-align: left;\">海外产能方面，管理层称德国14GWh工厂和匈牙利一期39GWh项目已投产，西班牙50GWh项目稳步推进。高盛认为，海外产能和客户开发仍在按计划推进。</p><h2 style=\"text-align: left;\">四家投行的分歧，在修复速度</h2><p style=\"text-align: left;\"><strong>四篇研报的共同点是，宁德时代仍是行业中最能扛住周期压力的公司之一。分歧在于，利润修复需要多久，以及估值是否已经充分反映风险。</strong></p><p style=\"text-align: left;\">高盛维持买入评级，并将A股和H股12个月目标价分别下调至507元和777港元，此前分别为559元和859港元。高盛认为，股价已过度反映需求和税负风险，但市场低估了宁德时代作为全球龙头应对压力的能力。</p><p style=\"text-align: left;\">摩根大通更谨慎。该行维持宁德时代H股中性评级、A股增持评级，将2026年和2027年盈利预测分别下调4%和6%，至863亿元和939亿元，并将2027年单位净利润假设从0.08元/Wh下调至0.075元/Wh。摩根大通预计，在盈利预期继续重设期间，情绪和股价仍可能承压。</p><p style=\"text-align: left;\">瑞银维持H股买入评级，但将目标价从820港元下调至730港元。瑞银称，管理层对销量前景的信心强于对单位利润的信心，2027年行业20%至30%的增长目标看起来仍可实现。</p><p style=\"text-align: left;\">杰富瑞维持A股买入评级，目标价535元，但提示共识盈利预测仍可能进一步下调。该行称，若2027年单位利润和盈利预测下调10%，宁德时代A股和H股对应2027年市盈率可能从约10倍和14倍升至12倍和16倍。</p><h2 style=\"text-align: left;\">投资者真正要看的，不只是销量</h2><p style=\"text-align: left;\">宁德时代第三季度给市场留下的信号并不单一。</p><p style=\"text-align: left;\">一方面，需求仍强，收入创新高，海外扩张和储能系统集成仍提供中长期空间。另一方面，产品结构、税负、出口退税、库存减值和现金流变化，正在压缩短期利润弹性。</p><p style=\"text-align: left;\">因此，“营收狂奔，利润失速”并不是需求崩塌的故事，而是商业模式升级、税负重定价和收入确认周期拉长共同作用下的利润再校准。接下来几个季度，市场将重点观察三件事，税负能否顺利与客户分担，高价值储能系统收入能否确认，以及单位净利润能否从第三季度低点修复。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>营收狂奔、利润失速，宁德时代怎么了？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n营收狂奔、利润失速，宁德时代怎么了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-10-21 10:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/300750\">宁德时代</a>的问题不在订单和出货，而在每一度<a href=\"https://laohu8.com/S/00006\">电能</a>赚多少钱。2026年第三季度，公司营收创下季度新高，销量继续高速增长，但单位利润跌至历史低位附近，市场对这家电池龙头的定价焦点，正在从“增长速度”转向“利润质量”。</p><p style=\"text-align: left;\">10月20日盘后，<a href=\"https://laohu8.com/S/03750\">宁德时代</a>公布第三季度业绩。营收约1652亿元，同比增长约59%，环比增长约12%，出货量超过260GWh，整体符合或略好于投行预期。但归母净利润约212亿元，同比增长约15%，环比下降约6%，低于已经下调后的买方预期。</p><p style=\"text-align: left;\">利润端的落差迅速成为研报共识。据追风交易台，高盛称，宁德时代第三季度单位净利润降至82元/kWh，低于其93元/kWh的预期。<strong>摩根大通、瑞银和<a href=\"https://laohu8.com/S/JEF\">杰富瑞</a>也都将利润失速归因于产品结构转弱、消费税影响、出口退税下调以及库存减值等因素。</strong></p><p style=\"text-align: left;\">市场已经提前反映部分担忧。摩根大通指出，过去两个月宁德时代A股和H股累计回调33%至35%，同期沪深300指数下跌约10%。投行普遍认为，接下来股价的关键变量，不是需求有没有，而是税负能否转嫁、储能系统集成收入何时确认，以及单位利润能否企稳。</p><h2 style=\"text-align: left;\">增长仍在加速，收入端没有失速</h2><p style=\"text-align: left;\">从收入和出货看，宁德时代依然处在高增长轨道。</p><p style=\"text-align: left;\">宁德时代第三季度营收为1652亿元，同比增长58.6%，环比增长11.8%。前三季度营收达到4421亿元，同比增长56.2%。第三季度电动车和储能电池合计出货超过260GWh，同比增长44.4%，环比增长13.0%。</p><p style=\"text-align: left;\"><strong>结构上，储能占比继续提高。</strong>摩根大通估算，第三季度储能约占总电池销量的四分之一，电动车电池约占四分之三。杰富瑞称，储能占比约25%，高于2025年的18%。这说明宁德时代的增长并不单靠动力电池，储能已经成为重要增量。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3687cdf2386ace202b5a35cdc07ac17e\" data-align=\"center\" tg-width=\"1852\" tg-height=\"734\"/><span></span></p><p style=\"text-align: left;\">但收入确认节奏也变得更复杂。高盛和摩根大通均提到，海外交流侧储能项目通常需要并网验收，收入确认周期可能达到6至12个月。<strong>这意味着部分高价值系统集成项目已经发货，但仍以“发出商品”形式留在库存中，暂未完全反映到利润表。</strong></p><h2 style=\"text-align: left;\">利润承压，核心是单位盈利下滑</h2><p style=\"text-align: left;\">四家投行对第三季度业绩的核心判断高度一致，营收强，利润弱。</p><p style=\"text-align: left;\">宁德时代第三季度毛利率为20.7%，同比下降5.1个百分点，环比下降2.5个百分点。高盛称，这一毛利率低于其预期3.8个百分点。EBIT利润率降至13.2%，净利率降至12.9%。</p><p style=\"text-align: left;\">单位利润的变化更直接。高盛称，第三季度单位净利润为82元/kWh，低于2025年第三季度的112元/kWh，也低于2026年第二季度的97元/kWh。摩根大通则估算，宁德时代第三季度单位净利润约0.08元/Wh，低于此前约0.10元/Wh的水平。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/740271a8be63f433b8193a706ed04a3c\" data-align=\"center\" tg-width=\"1704\" tg-height=\"752\"/><span></span></p><p style=\"text-align: left;\"><strong>管理层将单位利润下滑归因于三项因素。第一，产品结构不利，第三季度交付了更多低附加值、制造相对简单的项目。第二，自9月起实施的2%电池消费税带来新增成本。第三，出口增值税退税率下调的影响在第三季度体现得更完整，第二季度只反映了部分影响。</strong></p><p style=\"text-align: left;\">杰富瑞还提到，研发投入增加和锂碳酸价格波动导致的库存减值，也拖累利润表现。第三季度研发费用为71.4亿元，同比增长43.6%。资产减值损失升至约18.9亿元，主要与库存计提有关。</p><h2 style=\"text-align: left;\">税负能否传导，是短期最大变量</h2><p style=\"text-align: left;\">消费税和出口退税变化，是市场最关注的利润变量之一。</p><p style=\"text-align: left;\"><strong>摩根大通称，第三季度仅反映了一个月消费税影响，而第四季度将承担完整季度影响。如果税负传导仍不充分，第四季度盈利能力可能继续承压。</strong></p><p style=\"text-align: left;\">管理层表示，正与客户逐项协商消费税和出口退税变化带来的成本分担，但这些谈判结果尚未完全体现在财务报表中。摩根大通指出，在新的商业安排达成前，新增税负无法完全转嫁，仍会体现在宁德时代自身利润中。</p><p style=\"text-align: left;\">高盛在模型中假设，宁德时代将在今年剩余时间承担全部消费税影响，并从2027年起与客户分担消费税和出口退税变化带来的成本。基于此，高盛将2026年至2028年每股收益预测下调4%至7%。</p><p style=\"text-align: left;\">瑞银调整更大。瑞银将2026年至2028年净利润预测下调11%至14%，至902亿元至1315亿元区间，理由包括单位利润下降、库存减值以及消费税影响。</p><h2 style=\"text-align: left;\">现金流短期恶化，但管理层称是主动安排</h2><p style=\"text-align: left;\">利润表之外，现金流也出现明显波动。</p><p style=\"text-align: left;\">高盛称，宁德时代第三季度经营现金流入降至14.09亿元，低于此前每季度200亿元至300亿元的区间。资本开支环比增长35%、同比增长73%，至170.95亿元，导致自由现金流转负，约为负156.86亿元。</p><p style=\"text-align: left;\"><strong>管理层解释称，现金流下降主要来自主动增加预付款、缩短上游供应商账期，以及支持供应商扩产，以匹配下游强劲需求。摩根大通称，管理层预计相关营运资金影响还会持续两到三个季度，之后经营现金流有望恢复健康水平。</strong></p><p style=\"text-align: left;\">库存也继续上升。杰富瑞数据显示，第三季度末库存环比增长11%，至1448亿元。投行普遍认为，这既反映出出货规模扩大，也反映海外交流侧储能项目交付周期较长，发出商品和在途物料增加。</p><h2 style=\"text-align: left;\">管理层押注三条修复路径</h2><p style=\"text-align: left;\">宁德时代管理层对需求仍保持积极判断。</p><p style=\"text-align: left;\">高盛和摩根大通均称，管理层预计未来全球电池需求可实现20%至30%的增长。动力电池方面，国内乘用车市场整体承压，但新能源渗透率提升、单车带电量上升和商用车电动化仍将支撑需求。海外方面，管理层预计美国增长有限，但欧洲电动化仍会推进。</p><p style=\"text-align: left;\"><strong>储能方面，管理层承认国内储能需求存在不确定性，但对海外需求保持信心。杰富瑞称，海外储能需求受到能源安全和AI算力中心用电需求支撑。高盛则认为，市场可能低估了宁德时代向储能系统集成转型带来的利润改善，只是相关收入确认需要时间。</strong></p><p style=\"text-align: left;\">换电也被多家投行视为宁德时代应对利润压力的战略工具。摩根大通称，管理层反复强调换电、钠离子电池和下一代产品，而不是单纯依赖电池涨价。高盛提到，宁德时代“巧克力换电”网络已覆盖31个省级区域，站点达到2500座，目标年底超过3000座。公司还在推进重卡换电生态。</p><p style=\"text-align: left;\">海外产能方面，管理层称德国14GWh工厂和匈牙利一期39GWh项目已投产，西班牙50GWh项目稳步推进。高盛认为，海外产能和客户开发仍在按计划推进。</p><h2 style=\"text-align: left;\">四家投行的分歧，在修复速度</h2><p style=\"text-align: left;\"><strong>四篇研报的共同点是，宁德时代仍是行业中最能扛住周期压力的公司之一。分歧在于，利润修复需要多久，以及估值是否已经充分反映风险。</strong></p><p style=\"text-align: left;\">高盛维持买入评级，并将A股和H股12个月目标价分别下调至507元和777港元，此前分别为559元和859港元。高盛认为，股价已过度反映需求和税负风险，但市场低估了宁德时代作为全球龙头应对压力的能力。</p><p style=\"text-align: left;\">摩根大通更谨慎。该行维持宁德时代H股中性评级、A股增持评级，将2026年和2027年盈利预测分别下调4%和6%，至863亿元和939亿元，并将2027年单位净利润假设从0.08元/Wh下调至0.075元/Wh。摩根大通预计，在盈利预期继续重设期间，情绪和股价仍可能承压。</p><p style=\"text-align: left;\">瑞银维持H股买入评级，但将目标价从820港元下调至730港元。瑞银称，管理层对销量前景的信心强于对单位利润的信心，2027年行业20%至30%的增长目标看起来仍可实现。</p><p style=\"text-align: left;\">杰富瑞维持A股买入评级，目标价535元，但提示共识盈利预测仍可能进一步下调。该行称，若2027年单位利润和盈利预测下调10%，宁德时代A股和H股对应2027年市盈率可能从约10倍和14倍升至12倍和16倍。</p><h2 style=\"text-align: left;\">投资者真正要看的，不只是销量</h2><p style=\"text-align: left;\">宁德时代第三季度给市场留下的信号并不单一。</p><p style=\"text-align: left;\">一方面，需求仍强，收入创新高，海外扩张和储能系统集成仍提供中长期空间。另一方面，产品结构、税负、出口退税、库存减值和现金流变化，正在压缩短期利润弹性。</p><p style=\"text-align: left;\">因此，“营收狂奔，利润失速”并不是需求崩塌的故事，而是商业模式升级、税负重定价和收入确认周期拉长共同作用下的利润再校准。接下来几个季度，市场将重点观察三件事，税负能否顺利与客户分担，高价值储能系统收入能否确认，以及单位净利润能否从第三季度低点修复。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0003851619.USD":"BNY MELLON ASIAN EQUITY \"B\" (USD) ACC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0106252389.USD":"SCHRODER ISF EMERGING MARKETS \"A\" ACC","LU2348773727.SGD":"Aberdeen Standard SICAV I - Asian 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ACC"},"source_url":"https://wallstreetcn.com/articles/3784088","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2677645471","content_text":"宁德时代的问题不在订单和出货，而在每一度电能赚多少钱。2026年第三季度，公司营收创下季度新高，销量继续高速增长，但单位利润跌至历史低位附近，市场对这家电池龙头的定价焦点，正在从“增长速度”转向“利润质量”。10月20日盘后，宁德时代公布第三季度业绩。营收约1652亿元，同比增长约59%，环比增长约12%，出货量超过260GWh，整体符合或略好于投行预期。但归母净利润约212亿元，同比增长约15%，环比下降约6%，低于已经下调后的买方预期。利润端的落差迅速成为研报共识。据追风交易台，高盛称，宁德时代第三季度单位净利润降至82元/kWh，低于其93元/kWh的预期。摩根大通、瑞银和杰富瑞也都将利润失速归因于产品结构转弱、消费税影响、出口退税下调以及库存减值等因素。市场已经提前反映部分担忧。摩根大通指出，过去两个月宁德时代A股和H股累计回调33%至35%，同期沪深300指数下跌约10%。投行普遍认为，接下来股价的关键变量，不是需求有没有，而是税负能否转嫁、储能系统集成收入何时确认，以及单位利润能否企稳。增长仍在加速，收入端没有失速从收入和出货看，宁德时代依然处在高增长轨道。宁德时代第三季度营收为1652亿元，同比增长58.6%，环比增长11.8%。前三季度营收达到4421亿元，同比增长56.2%。第三季度电动车和储能电池合计出货超过260GWh，同比增长44.4%，环比增长13.0%。结构上，储能占比继续提高。摩根大通估算，第三季度储能约占总电池销量的四分之一，电动车电池约占四分之三。杰富瑞称，储能占比约25%，高于2025年的18%。这说明宁德时代的增长并不单靠动力电池，储能已经成为重要增量。但收入确认节奏也变得更复杂。高盛和摩根大通均提到，海外交流侧储能项目通常需要并网验收，收入确认周期可能达到6至12个月。这意味着部分高价值系统集成项目已经发货，但仍以“发出商品”形式留在库存中，暂未完全反映到利润表。利润承压，核心是单位盈利下滑四家投行对第三季度业绩的核心判断高度一致，营收强，利润弱。宁德时代第三季度毛利率为20.7%，同比下降5.1个百分点，环比下降2.5个百分点。高盛称，这一毛利率低于其预期3.8个百分点。EBIT利润率降至13.2%，净利率降至12.9%。单位利润的变化更直接。高盛称，第三季度单位净利润为82元/kWh，低于2025年第三季度的112元/kWh，也低于2026年第二季度的97元/kWh。摩根大通则估算，宁德时代第三季度单位净利润约0.08元/Wh，低于此前约0.10元/Wh的水平。管理层将单位利润下滑归因于三项因素。第一，产品结构不利，第三季度交付了更多低附加值、制造相对简单的项目。第二，自9月起实施的2%电池消费税带来新增成本。第三，出口增值税退税率下调的影响在第三季度体现得更完整，第二季度只反映了部分影响。杰富瑞还提到，研发投入增加和锂碳酸价格波动导致的库存减值，也拖累利润表现。第三季度研发费用为71.4亿元，同比增长43.6%。资产减值损失升至约18.9亿元，主要与库存计提有关。税负能否传导，是短期最大变量消费税和出口退税变化，是市场最关注的利润变量之一。摩根大通称，第三季度仅反映了一个月消费税影响，而第四季度将承担完整季度影响。如果税负传导仍不充分，第四季度盈利能力可能继续承压。管理层表示，正与客户逐项协商消费税和出口退税变化带来的成本分担，但这些谈判结果尚未完全体现在财务报表中。摩根大通指出，在新的商业安排达成前，新增税负无法完全转嫁，仍会体现在宁德时代自身利润中。高盛在模型中假设，宁德时代将在今年剩余时间承担全部消费税影响，并从2027年起与客户分担消费税和出口退税变化带来的成本。基于此，高盛将2026年至2028年每股收益预测下调4%至7%。瑞银调整更大。瑞银将2026年至2028年净利润预测下调11%至14%，至902亿元至1315亿元区间，理由包括单位利润下降、库存减值以及消费税影响。现金流短期恶化，但管理层称是主动安排利润表之外，现金流也出现明显波动。高盛称，宁德时代第三季度经营现金流入降至14.09亿元，低于此前每季度200亿元至300亿元的区间。资本开支环比增长35%、同比增长73%，至170.95亿元，导致自由现金流转负，约为负156.86亿元。管理层解释称，现金流下降主要来自主动增加预付款、缩短上游供应商账期，以及支持供应商扩产，以匹配下游强劲需求。摩根大通称，管理层预计相关营运资金影响还会持续两到三个季度，之后经营现金流有望恢复健康水平。库存也继续上升。杰富瑞数据显示，第三季度末库存环比增长11%，至1448亿元。投行普遍认为，这既反映出出货规模扩大，也反映海外交流侧储能项目交付周期较长，发出商品和在途物料增加。管理层押注三条修复路径宁德时代管理层对需求仍保持积极判断。高盛和摩根大通均称，管理层预计未来全球电池需求可实现20%至30%的增长。动力电池方面，国内乘用车市场整体承压，但新能源渗透率提升、单车带电量上升和商用车电动化仍将支撑需求。海外方面，管理层预计美国增长有限，但欧洲电动化仍会推进。储能方面，管理层承认国内储能需求存在不确定性，但对海外需求保持信心。杰富瑞称，海外储能需求受到能源安全和AI算力中心用电需求支撑。高盛则认为，市场可能低估了宁德时代向储能系统集成转型带来的利润改善，只是相关收入确认需要时间。换电也被多家投行视为宁德时代应对利润压力的战略工具。摩根大通称，管理层反复强调换电、钠离子电池和下一代产品，而不是单纯依赖电池涨价。高盛提到，宁德时代“巧克力换电”网络已覆盖31个省级区域，站点达到2500座，目标年底超过3000座。公司还在推进重卡换电生态。海外产能方面，管理层称德国14GWh工厂和匈牙利一期39GWh项目已投产，西班牙50GWh项目稳步推进。高盛认为，海外产能和客户开发仍在按计划推进。四家投行的分歧，在修复速度四篇研报的共同点是，宁德时代仍是行业中最能扛住周期压力的公司之一。分歧在于，利润修复需要多久，以及估值是否已经充分反映风险。高盛维持买入评级，并将A股和H股12个月目标价分别下调至507元和777港元，此前分别为559元和859港元。高盛认为，股价已过度反映需求和税负风险，但市场低估了宁德时代作为全球龙头应对压力的能力。摩根大通更谨慎。该行维持宁德时代H股中性评级、A股增持评级，将2026年和2027年盈利预测分别下调4%和6%，至863亿元和939亿元，并将2027年单位净利润假设从0.08元/Wh下调至0.075元/Wh。摩根大通预计，在盈利预期继续重设期间，情绪和股价仍可能承压。瑞银维持H股买入评级，但将目标价从820港元下调至730港元。瑞银称，管理层对销量前景的信心强于对单位利润的信心，2027年行业20%至30%的增长目标看起来仍可实现。杰富瑞维持A股买入评级，目标价535元，但提示共识盈利预测仍可能进一步下调。该行称，若2027年单位利润和盈利预测下调10%，宁德时代A股和H股对应2027年市盈率可能从约10倍和14倍升至12倍和16倍。投资者真正要看的，不只是销量宁德时代第三季度给市场留下的信号并不单一。一方面，需求仍强，收入创新高，海外扩张和储能系统集成仍提供中长期空间。另一方面，产品结构、税负、出口退税、库存减值和现金流变化，正在压缩短期利润弹性。因此，“营收狂奔，利润失速”并不是需求崩塌的故事，而是商业模式升级、税负重定价和收入确认周期拉长共同作用下的利润再校准。接下来几个季度，市场将重点观察三件事，税负能否顺利与客户分担，高价值储能系统收入能否确认，以及单位净利润能否从第三季度低点修复。","news_type":1,"symbols_score_info":{"300750":1.99,"EVS.SI":0.6,"CXSE":0.6,"03750":1.99,"LIT":0.6}},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613236676982088,"gmtCreate":1790735251066,"gmtModify":1790735253283,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"车企自研是伪命题，只是参股企业吧了，就那点资金能演出什么东西来。","listText":"车企自研是伪命题，只是参股企业吧了，就那点资金能演出什么东西来。","text":"车企自研是伪命题，只是参股企业吧了，就那点资金能演出什么东西来。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613236676982088","repostId":"2671141261","repostType":2,"repost":{"id":"2671141261","kind":"news","pubTimestamp":1790643900,"share":"https://www.laohunote.com/m/news/2671141261?lang=zh_CN&edition=full","pubTime":"2026-09-29 09:05","market":"sh","language":"zh","title":"为何还要自研电池 李想回应三方面原因","url":"https://stock-news.laohu8.com/highlight/detail?id=2671141261","media":"快科技","summary":"日前，工信部旗下媒体中国工信新闻刊发评论文章《“去宁德化”论调要不得》，针对行业内持续发酵的“去宁德化”舆论作出表态。文章强调，这一说法本身就是一场舆论闹剧，不应当把车企正常的供应链调整，曲解为排斥本土龙头企业、制造整车厂与动力电池企业的对立。","content":"<div>\n<p>日前，工信部旗下媒体中国工信新闻刊发评论文章《“去宁德化”论调要不得》，针对行业内持续发酵的 “去宁德化” 舆论作出表态。 文章强调，这一说法本身就是一场舆论闹剧，不应当把车企正常的供应链调整，曲解为排斥本土龙头企业、制造整车厂与动力电池企业的对立。 就在今日，理想汽车CEO李想也发长文进行了回应，李想表示，最近有一种说法，认为自研就是要“去XX化”，就是要跟供应商搞对立，事实恰恰相反。 ...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202609293886058526.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>为何还要自研电池 李想回应三方面原因</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ 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.h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n为何还要自研电池 李想回应三方面原因\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-29 09:05 北京时间 <a href=http://finance.eastmoney.com/a/202609293886058526.html><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>日前，工信部旗下媒体中国工信新闻刊发评论文章《“去宁德化”论调要不得》，针对行业内持续发酵的 “去宁德化” 舆论作出表态。 文章强调，这一说法本身就是一场舆论闹剧，不应当把车企正常的供应链调整，曲解为排斥本土龙头企业、制造整车厂与动力电池企业的对立。 就在今日，理想汽车CEO李想也发长文进行了回应，李想表示，最近有一种说法，认为自研就是要“去XX化”，就是要跟供应商搞对立，事实恰恰相反。 ...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202609293886058526.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","SG9999002463.SGD":"LionGlobal China Growth SGD","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","IE0008368742.USD":"首域中国增长基金I Acc","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (HKD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU2580892789.USD":"FRANKLIN SEALAND CHINA A-SHARES \"A\" (USD) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) 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文章强调，这一说法本身就是一场舆论闹剧，不应当把车企正常的供应链调整，曲解为排斥本土龙头企业、制造整车厂与动力电池企业的对立。 就在今日，理想汽车CEO李想也发长文进行了回应，李想表示，最近有一种说法，认为自研就是要“去XX化”，就是要跟供应商搞对立，事实恰恰相反。 李想特别感谢了宁德时代在理想汽车发展过程中发挥的重要作用，同时还回应了“既然有了这么好的伙伴，理想为什么还要坚持电池的深度自研？”的问题，李想称，说到底是三件事： 第一，让用户体验领先行业标准，把未被满足的需求先做出来。 用户其实不关心底层的电化学术语，他们更关心：续航会不会打折？长途补能要等多久？极寒极热时性能稳不稳定？安全底线怎么保证？ 理想汽车从行业首款增程大电池，到突破物理极限的5C超充，再到磷酸铁锂电池的低温性能、电量准确性和长寿命，这些电池本身硬核指标的跨越，市场上往往没有现成的方案。 这就需要我们自己先下场蹚水，深入材料级研发和底层科学探索，找到可能的技术路径，把最难的骨头啃下来。 第二，让电池成为智能汽车的一部分，实现整车体验“1+1>2”的飞跃。 我们认为，电池绝不是孤立的零部件，它和整车必须是一个完整的生命体，要全链路打通。 我们将电芯、PACK、BMS、热管理、电驱和整车控制彻底打通，这种深度融合带来的“1+1>2”会是什么？不仅是整个系统的安全和质量提升，还能在用户车交付几年之后，依然能通过OTA不断进化，充电策略可以优化，能量管理可以优化，低温表现可以持续变好。 比如，理想自研的高压SiC电驱系统SPD（包含驱动电机、采用自研SiC功率模块的电控、减速传动结构及热管理系统等），由理想围绕整车需求进行深度定义、研发和集成并上车（理想i8和i6的后驱版全部使用理想自研电驱系统），上市满 6 个月的累计故障率，相比理想此前采用的行业优秀电驱方案改善约2倍，上市满12个月后，改善约5.7倍。 这不是某一个零部件单独变得更好，而是电机、电控、热管理、整车控制和制造质量协同优化的结果。系统级的深度研发与集成，能够让安全、质量、性能和寿命持续提升。自研电芯和电池，是理想电能系统最后一个补齐的板块。 第三，全生命周期的数据打通，让用户不需要为产业链分工买单。 物理的电池，最终要成为数据的电池。打通电池与整车的数据，是电池专业化更高的层次。 一块电池背后有材料研发、电芯制造、PACK生产等复杂的产业链分工，但用户买的是理想汽车整车。通过理想连山系统（我们自研的全生命周期质量智能监测系统，2021年立项，2022年在整车产线上部署，2024年开始在供应商合作伙伴的产线上部署打通），我们打通了从上游材料、电芯制造、PACK生产到用户使用的全生命周期数据，每一颗电芯都可追溯、可定位。 这种数据打通的价值在于：生产过程中的任何微小异常，我们都能提前预警，在装车交付前就完成排查；在用户感受到隐患之前，就把问题解决掉。同时，这也保证了售后服务和维修标准的绝对统一。 用户不需要去管不同供应商的标准差异，更不需要为此承担额外成本。无论产业链怎么分工，出了问题，用户找理想就够了，让安全和服务更上一个台阶，真正实现“1+1>2”。 李想称，时代在变化，我们评价变化的唯一标准，就是能不能为用户创造更大的价值：交付更好的产品，提供更好的服务，带来更好的体验。 为用户而改变，是理想汽车所有选择最终的出发点。理想从不希望“去XX化”，反而更欢迎每一位优秀的伙伴，跟理想实现深度打通，一起把用户体验做到极致。（文章来源：快科技）","news_type":1,"symbols_score_info":{"300750":1.85,"LIT":0.6,"CXSE":0.6,"03750":1.85,"02015":1.96,"LI":1.96,"EVS.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604057276826392,"gmtCreate":1788511973294,"gmtModify":1788511975607,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"不就是等跌很了再回购，这得少出多少资金啊。","listText":"不就是等跌很了再回购，这得少出多少资金啊。","text":"不就是等跌很了再回购，这得少出多少资金啊。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604057276826392","repostId":"2664873945","repostType":2,"repost":{"id":"2664873945","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年，是国内领先的金融信息及综合服务平台。关注证券之星，即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1788428391,"share":"https://www.laohunote.com/m/news/2664873945?lang=zh_CN&edition=full","pubTime":"2026-09-03 17:39","market":"sh","language":"zh","title":"宁德时代最新公告：截至8月31日公司尚未实施股份回购","url":"https://stock-news.laohu8.com/highlight/detail?id=2664873945","media":"证券之星","summary":"宁德时代(300750.SZ)公告称，公司于2026年7月24日及8月12日审议通过回购A股股份方案，拟使用不低于200亿元且不超过400亿元自有或自筹资金回购股份，用于注销并减少注册资本。截至2026年8月31日，公司尚未实施股份回购，后续将根据市场情况继续推进回购计划。以上内容为证券之星据公开信息整理，仅供参考不构成投资建议。","content":"<html><body><p><a href=\"https://laohu8.com/S/300750\">宁德时代</a>(300750.SZ)公告称，公司于2026年7月24日及8月12日审议通过回购A股股份方案，拟使用不低于200亿元且不超过400亿元自有或自筹资金回购股份，用于注销并减少注册资本。截至2026年8月31日，公司尚未实施股份回购，后续将根据市场情况继续推进回购计划。</p><p>以上内容为证券之星据公开信息整理，仅供参考不构成投资建议。</p></body></html>","source":"stockstar","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n宁德时代最新公告：截至8月31日公司尚未实施股份回购\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-09-03 17:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><a href=\"https://laohu8.com/S/300750\">宁德时代</a>(300750.SZ)公告称，公司于2026年7月24日及8月12日审议通过回购A股股份方案，拟使用不低于200亿元且不超过400亿元自有或自筹资金回购股份，用于注销并减少注册资本。截至2026年8月31日，公司尚未实施股份回购，后续将根据市场情况继续推进回购计划。</p><p>以上内容为证券之星据公开信息整理，仅供参考不构成投资建议。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) 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11:10","market":"hk","language":"zh","title":"港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑","url":"https://stock-news.laohu8.com/highlight/detail?id=2657241505","media":"智通财经","summary":"【港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑】智通财经APP获悉，宁德时代(03750.HK)转跌逾3%，早盘曾涨超4%。截至发稿，跌2.7%","content":"<html><body><div>\n<div>\n<b>【港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑】</b>智通财经APP获悉，宁德时代(03750.HK)转跌逾3%，早盘曾涨超4%。截至发稿，跌2.7%，报643.5港元，成交额9.93亿港元。 </div>\n</div></body></html>","source":"live_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-06 11:10 北京时间 <a href=https://www.zhitongcaijing.com/immediately.html?type=ganggu><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>【港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑】智通财经APP获悉，宁德时代(03750.HK)转跌逾3%，早盘曾涨超4%。截至发稿，跌2.7%，报643.5港元，成交额9.93亿港元。</p>\n\n<a href=\"https://www.zhitongcaijing.com/immediately.html?type=ganggu\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (HKD) ACC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU1993786604.SGD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (SGD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","03750":"宁德时代","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","BK1116":"电气部件与设备","BK1610":"ETF&股票定投概念","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0067412154.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (USD) ACC"},"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2657241505","content_text":"【港股异动 | 宁德时代(03750.HK)转跌逾3% 机构指公司二季度毛利逊于预期触发市场新一轮忧虑】智通财经APP获悉，宁德时代(03750.HK)转跌逾3%，早盘曾涨超4%。截至发稿，跌2.7%，报643.5港元，成交额9.93亿港元。","news_type":1,"symbols_score_info":{"300750":1.98,"03750":1.98}},"isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":591262251835432,"gmtCreate":1785401571588,"gmtModify":1785401573635,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"记着我今天说过的，固态电池起码要2030年以后上市。","listText":"记着我今天说过的，固态电池起码要2030年以后上市。","text":"记着我今天说过的，固态电池起码要2030年以后上市。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/591262251835432","repostId":"2655861125","repostType":2,"repost":{"id":"2655861125","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年，是国内领先的金融信息及综合服务平台。关注证券之星，即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1785322458,"share":"https://www.laohunote.com/m/news/2655861125?lang=zh_CN&edition=full","pubTime":"2026-07-29 18:54","market":"fut","language":"zh","title":"宁德时代：2027年有望实现全固态电池小批量生产","url":"https://stock-news.laohu8.com/highlight/detail?id=2655861125","media":"证券之星","summary":"证券之星消息，宁德时代(300750)07月29日在投资者关系平台上答复投资者关心的问题。投资者提问：尊敬的董秘，请问公司目前的固态电池中试线建设情况如何？宁德时代回复：投资者您好，公司在全固态电池上持续坚定投入，技术处于行业领先水平，2027年有望实现小批量生产，感谢您的关注。本文数据来源于深圳证券交易所互动易，仅供参考不构成投资建议。责任编辑：刘浩然","content":"<html><body><p>证券之星消息，<a href=\"https://laohu8.com/S/300750\">宁德时代</a>(300750)07月29日在投资者关系平台上答复投资者关心的问题。</p><p>投资者提问：尊敬的董秘，请问公司目前的固态电池中试线建设情况如何？</p><p><a href=\"https://laohu8.com/S/03750\">宁德时代</a>回复：投资者您好，公司在全固态电池上持续坚定投入，技术处于行业领先水平，2027年有望实现小批量生产，感谢您的关注。</p><p>本文数据来源于深圳证券交易所互动易，仅供参考不构成投资建议。</p><p>责任编辑：刘浩然</p></body></html>","source":"stockstar","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>宁德时代：2027年有望实现全固态电池小批量生产</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n宁德时代：2027年有望实现全固态电池小批量生产\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-07-29 18:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>证券之星消息，<a href=\"https://laohu8.com/S/300750\">宁德时代</a>(300750)07月29日在投资者关系平台上答复投资者关心的问题。</p><p>投资者提问：尊敬的董秘，请问公司目前的固态电池中试线建设情况如何？</p><p><a href=\"https://laohu8.com/S/03750\">宁德时代</a>回复：投资者您好，公司在全固态电池上持续坚定投入，技术处于行业领先水平，2027年有望实现小批量生产，感谢您的关注。</p><p>本文数据来源于深圳证券交易所互动易，仅供参考不构成投资建议。</p><p>责任编辑：刘浩然</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","LU1008478684.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (HKD) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU2580892789.USD":"FRANKLIN SEALAND CHINA A-SHARES \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU2424517915.HKD":"abrdn SICAV I - ASIAN SDG EQUITY \"A\" (HKD) ACC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) 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ACC"},"source_url":"https://stock.stockstar.com/RB2026072900033220.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2655861125","content_text":"证券之星消息，宁德时代(300750)07月29日在投资者关系平台上答复投资者关心的问题。投资者提问：尊敬的董秘，请问公司目前的固态电池中试线建设情况如何？宁德时代回复：投资者您好，公司在全固态电池上持续坚定投入，技术处于行业领先水平，2027年有望实现小批量生产，感谢您的关注。本文数据来源于深圳证券交易所互动易，仅供参考不构成投资建议。责任编辑：刘浩然","news_type":1,"symbols_score_info":{"300750":1.95,"03750":1.95,"EVS.SI":0.6,"LIT":0.6,"CXSE":0.6}},"isVote":1,"tweetType":1,"viewCount":931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":577866776346824,"gmtCreate":1782104222013,"gmtModify":1782104296195,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"厂家没有喊，都是外部人员整天喊不停，2030年谁也不能真正量产装车，都是试验品。","listText":"厂家没有喊，都是外部人员整天喊不停，2030年谁也不能真正量产装车，都是试验品。","text":"厂家没有喊，都是外部人员整天喊不停，2030年谁也不能真正量产装车，都是试验品。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/577866776346824","repostId":"2644062772","repostType":2,"repost":{"id":"2644062772","kind":"news","pubTimestamp":1781934616,"share":"https://www.laohunote.com/m/news/2644062772?lang=zh_CN&edition=full","pubTime":"2026-06-20 13:50","market":"hk","language":"zh","title":"固态电池量产倒计时：丰田、宁德、比亚迪的三条路","url":"https://stock-news.laohu8.com/highlight/detail?id=2644062772","media":"科技新知","summary":"03三条路线抢跑：丰田最难、宁德最稳、比亚迪最慢固态电池的核心难题，不在电池本身，在固态电解质，用什么材料，决定了这条路有多难走、有多远。2026年2月，丰田正式宣布：原定2026年的全固态电池量产计划推迟至2028年。在全固态线上，宁德时代走得比外界预期的更快。当固态电池和磷酸铁锂卖一个价的时候，才是比亚迪真正翻桌子的时刻。半固态的成本已经在大幅下降。2026年半固态电池的成本目标降至1.2元/Wh以下。","content":"<html><body><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>续航焦虑的解药，不是等一块完美的电池，而是等一块比现在好一倍的电池。2026年，固态电池量产竞赛已经打响，你能买到的选项已经有了：只是它的名字不叫\"全固态\"，叫\"半固态\"。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>原创ⓒ科技新知 AI新科技组</p><p>作者丨千浔 编辑丨九黎</p><p>2026年，固态电池的量产竞赛进入了真正的冲刺期。<a href=\"https://laohu8.com/S/300750\">宁德时代</a>凝聚态电池即将装车，<a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>璧山20GWh产线预计Q3开工建设，而最早喊出固态电池的丰田，却把量产时间表从2026年悄悄推到了2028年。三条路线，三种节奏，一个共同的目标：让\"续航焦虑\"这四个字，彻底从电动车字典里消失。</p><p>但\"跑通\"跟\"你能买到\"，是两回事。</p><p><strong>01</strong></p><p><strong>一趟北京到上海的电车之旅，为什么还在焦虑？</strong></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>2026年，主流电动车的CLTC续航集中在400-700公里区间，搭配800V高压平台、5C超充，30分钟从10%充到80%——数据看起来已经够用了。</p><p>但一趟北京到上海呢？全程约1200公里。满电出发，中途至少得停下来充两回。如果遇上充电桩排队、服务区挤满车、冬季低温打折，原本计划的\"半小时补能\"可能变成一小时的煎熬。</p><p>续航焦虑的本质不是\"电不够用\"，是\"你不知道够不够用\"。</p><p>固态电池的能量密度能做到400-500Wh/kg，是当前主流锂电池（150-300Wh/kg）的1.5到2倍。理论续航轻松突破1000公里，北京到上海，真的可以一头跑到尾。</p><p>但在2026年，这不是一个\"能不能做到\"的问题，而是一个\"你能不能买到\"的问题。</p><p><strong>02</strong></p><p><strong>固态电池不着火：用\"水杯里的冰\"来讲清</strong></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>液态锂电池，本质上是一个装了可燃液体的杯子。电池内部是液态电解液，负责在正极和负极之间搬运锂离子。电解液是有机溶剂，刺破了会短路、过热了会起火。这就是电动车\"自燃\"的物理根源。同时，电解液本身占据体积，限制了能量密度的天花板。目前量产锂电池的主流水平卡在200-300Wh/kg，已经逼近材料体系的物理极限。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>固态电池，把这个液体换成了固态。打个最简单的比方，液态锂电池是杯水：晃一晃会洒，碰倒了会流，换个方向就全漏出来。固态电池是把水冻成了冰：不会流、不会洒、火柴点不着。针刺不起火，加热不爆炸，安全性从物理上根本解决了。</p><p>同时，固态电解质可以让正负极靠得更近，同样的体积能塞进更多能量。这就是为什么固态电池的能量密度可以冲到400-500Wh/kg，是当前锂电池的两倍。</p><p>但目前你能听说的\"固态电池\"，其实分为两类：半固态和全固态。半固态仍然保留了少量液态电解液（含量降到5%-20%），但已经是2026年的量产主力。全固态则是零液态电解液，是真正的终局方案。国家标准GB/T 43568-2026《电动汽车用固态电池 第1部分：术语和分类》预计将于2026年7月1日正式实施——这是全球首个车用固态电池国家标准，严格区分了半固态和全固态。</p><p><strong>03</strong></p><p><strong>三条路线抢跑：丰田最难、宁德最稳、<a href=\"https://laohu8.com/S/002594\">比亚迪</a>最慢</strong></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>固态电池的核心难题，不在电池本身，在固态电解质，用什么材料，决定了这条路有多难走、有多远。</p><p>三种主流路线——硫化物、氧化物、聚合物。丰田选了最难的那个，<a href=\"https://laohu8.com/S/03750\">宁德时代</a>两条腿走路，<a href=\"https://laohu8.com/S/01211\">比亚迪</a>在等风来。</p><p>丰田：硫化物路线，技术天花板最高，量产最难。</p><p>丰田在硫化物全固态电池上深耕了超过十年，累计研发投入超万亿日元。硫化物电解质的离子电导率最接近液态电解液，能量密度目标450-500Wh/kg，续航直奔1200公里，是所有路线里理论上最强的。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>但硫化物怕水、怕空气，生产环境必须严格控制湿度，规模化制造的良率爬坡极其困难。2026年2月，丰田正式宣布：原定2026年的全固态电池量产计划推迟至2028年。官方给出的原因很直白：全球电动汽车市场需求低于预期，加上从实验室到规模化量产之间存在巨大的工程化鸿沟，贸然投产的风险远大于收益。</p><p>静冈工厂的角色也变了：此前规划的2026年中试量产基地，现在转向工艺验证和数据积累。技术路线没变，性能指标也没变，450-500Wh/kg、10分钟快充、1200公里续航的目标依然写在规划里。只是丰田用行动证明了一件事：在全固态这件事上，\"快\"不等于\"对\"。</p><p>丰田最新的时间表是：2028年小批量全固态装车，首发雷克萨斯高端车型。</p><p>宁德时代：从半固态练手，台阶式推进，最稳。</p><p>作为全球动力电池龙头，宁德时代没有把赌注压在一种路线上。硫化物+凝聚态聚合物双路线并行，全固态专利数量全球第一，已建成1GWh全固态中试线。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>但宁德时代真正的策略是\"台阶战术\"。2026年4月发布的麒麟凝聚态电池，行业普遍将其归为半固态，电解液含量低于10%，电芯能量密度350Wh/kg，以典型车型电池包布局计算，可使轿车续航达到1500公里，10分钟可充至80%，搭配多款高端车型交付。这一步的意图很清晰：半固态的商业化落地，为宁德时代在高端市场打开了局面，同时也为全固态的大规模量产提供了技术积累和资金支撑。</p><p>在全固态线上，宁德时代走得比外界预期的更快。合肥固态电池产线首批产品能量密度已达450Wh/kg，已接近丰田公布的量产目标值；2026年将扩大产能，2027年配套<a href=\"https://laohu8.com/S/LI\">理想汽车</a>等车型装车。同时，500Wh/kg下一代产品已在研发中，目标2030年规模化量产。</p><p>比亚迪：入场最晚，但慢不等于弱。</p><p>比亚迪在固态电池上入场最晚，但路线最\"比亚迪\"：不抢首发，先把磷酸铁锂卷到极致，再all in全固态。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>重庆璧山20GWh产线预计2026年Q3季度启动建设，电芯能量密度400Wh/kg（系统最高可达480Wh/kg），2026年4月通过中汽研车规认证。节奏看起来慢：从产线开建到规模化量产需要两到三年，正式装车要到2027年仰望U9和汉EV高端版，大规模普及更是2030年以后的事。</p><p>但慢不等于弱。比亚迪的逻辑不是\"抢首发\"，而是\"抢成本\"。按照弗迪电池公布的目标：2030年将全固态电芯成本降至 0.5-0.7元/Wh，实现固液同价。</p><p>当固态电池和磷酸铁锂卖一个价的时候，才是比亚迪真正翻桌子的时刻。</p><p><strong>04</strong></p><p><strong>现在买车，等还是不等？一算账就有答案</strong></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>这个问题，不能靠感觉，得算账。</p><p>全固态电芯目前成本在1.6-2.2元/Wh。作为对比，主流磷酸铁锂只要0.39-0.5元/Wh，贵了3到5倍。一辆搭载70kWh电池包的家用电车，换全固态意味着电池成本要多花8万元以上。</p><p>半固态的成本已经在大幅下降。2026年半固态电池的成本目标降至1.2元/Wh以下。虽然还是比普通锂电池贵，但差价收窄到了10%-20%。MG4半固态版（顶配）限时补贴已做到了9.98万元起售，把半固态从\"豪车专属\"打进了\"大众市场\"。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>2026年你能买到的一切\"固态电池车\"，几乎全是半固态。国标7月实施后，\"全固态\"的门槛会非常清楚，目前没有一款量产车达到全固态标准。真正要等到全固态降到普通消费者能接受的价位，行业共识是2030年以后。</p><p>结论非常直白：</p><p>如果你现在急需换车，半固态车型已经在10-30万价位全面铺开，实际续航普遍达到600-800公里，高端车型突破1000公里。不用等，直接买。</p><p>如果你还能等两三年，2028年丰田和2027年宁德时代的全固态将进入小批量装车，续航和安全性的提升是质的飞跃，但价格一定是高端定位。</p><p>如果你想用磷酸铁锂的钱买到全固态——不用等了，那是2030年以后的故事，现在该买就买。</p><p>焦虑的真正解药不是\"全固态来了\"，是\"半固态已经把800公里续航打到了过去600公里电车的价格带\"。</p><p>半固态不是终局，但已经够用；全固态的终局，还要等比亚迪把成本打下来。</p><p>这是2026年正在发生的事。</p></body></html>","source":"ifeng_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n固态电池量产倒计时：丰田、宁德、比亚迪的三条路\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-20 13:50 北京时间 <a href=https://tech.ifeng.com/c/8u6t8KJClbz><strong>科技新知</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>续航焦虑的解药，不是等一块完美的电池，而是等一块比现在好一倍的电池。2026年，固态电池量产竞赛已经打响，你能买到的选项已经有了：只是它的名字不叫\"全固态\"，叫\"半固态\"。原创ⓒ科技新知 AI新科技组作者丨千浔 编辑丨九黎2026年，固态电池的量产竞赛进入了真正的冲刺期。宁德时代凝聚态电池即将装车，比亚迪璧山20GWh产线预计Q3开工建设，而最早喊出固态电池的丰田，却把量产时间表从2026年悄悄...</p>\n\n<a href=\"https://tech.ifeng.com/c/8u6t8KJClbz\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81211":"比亚迪股份-R","300750":"宁德时代","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0708995153.HKD":"TEMPLETON EMERGING MARKETS \"A\" (HKD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0509642566.USD":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) INC AV","BK1539":"汽车股","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0269904917.USD":"SCHRODER ISF 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(HKD) INC"},"source_url":"https://tech.ifeng.com/c/8u6t8KJClbz","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2644062772","content_text":"续航焦虑的解药，不是等一块完美的电池，而是等一块比现在好一倍的电池。2026年，固态电池量产竞赛已经打响，你能买到的选项已经有了：只是它的名字不叫\"全固态\"，叫\"半固态\"。原创ⓒ科技新知 AI新科技组作者丨千浔 编辑丨九黎2026年，固态电池的量产竞赛进入了真正的冲刺期。宁德时代凝聚态电池即将装车，比亚迪璧山20GWh产线预计Q3开工建设，而最早喊出固态电池的丰田，却把量产时间表从2026年悄悄推到了2028年。三条路线，三种节奏，一个共同的目标：让\"续航焦虑\"这四个字，彻底从电动车字典里消失。但\"跑通\"跟\"你能买到\"，是两回事。01一趟北京到上海的电车之旅，为什么还在焦虑？2026年，主流电动车的CLTC续航集中在400-700公里区间，搭配800V高压平台、5C超充，30分钟从10%充到80%——数据看起来已经够用了。但一趟北京到上海呢？全程约1200公里。满电出发，中途至少得停下来充两回。如果遇上充电桩排队、服务区挤满车、冬季低温打折，原本计划的\"半小时补能\"可能变成一小时的煎熬。续航焦虑的本质不是\"电不够用\"，是\"你不知道够不够用\"。固态电池的能量密度能做到400-500Wh/kg，是当前主流锂电池（150-300Wh/kg）的1.5到2倍。理论续航轻松突破1000公里，北京到上海，真的可以一头跑到尾。但在2026年，这不是一个\"能不能做到\"的问题，而是一个\"你能不能买到\"的问题。02固态电池不着火：用\"水杯里的冰\"来讲清液态锂电池，本质上是一个装了可燃液体的杯子。电池内部是液态电解液，负责在正极和负极之间搬运锂离子。电解液是有机溶剂，刺破了会短路、过热了会起火。这就是电动车\"自燃\"的物理根源。同时，电解液本身占据体积，限制了能量密度的天花板。目前量产锂电池的主流水平卡在200-300Wh/kg，已经逼近材料体系的物理极限。固态电池，把这个液体换成了固态。打个最简单的比方，液态锂电池是杯水：晃一晃会洒，碰倒了会流，换个方向就全漏出来。固态电池是把水冻成了冰：不会流、不会洒、火柴点不着。针刺不起火，加热不爆炸，安全性从物理上根本解决了。同时，固态电解质可以让正负极靠得更近，同样的体积能塞进更多能量。这就是为什么固态电池的能量密度可以冲到400-500Wh/kg，是当前锂电池的两倍。但目前你能听说的\"固态电池\"，其实分为两类：半固态和全固态。半固态仍然保留了少量液态电解液（含量降到5%-20%），但已经是2026年的量产主力。全固态则是零液态电解液，是真正的终局方案。国家标准GB/T 43568-2026《电动汽车用固态电池 第1部分：术语和分类》预计将于2026年7月1日正式实施——这是全球首个车用固态电池国家标准，严格区分了半固态和全固态。03三条路线抢跑：丰田最难、宁德最稳、比亚迪最慢固态电池的核心难题，不在电池本身，在固态电解质，用什么材料，决定了这条路有多难走、有多远。三种主流路线——硫化物、氧化物、聚合物。丰田选了最难的那个，宁德时代两条腿走路，比亚迪在等风来。丰田：硫化物路线，技术天花板最高，量产最难。丰田在硫化物全固态电池上深耕了超过十年，累计研发投入超万亿日元。硫化物电解质的离子电导率最接近液态电解液，能量密度目标450-500Wh/kg，续航直奔1200公里，是所有路线里理论上最强的。但硫化物怕水、怕空气，生产环境必须严格控制湿度，规模化制造的良率爬坡极其困难。2026年2月，丰田正式宣布：原定2026年的全固态电池量产计划推迟至2028年。官方给出的原因很直白：全球电动汽车市场需求低于预期，加上从实验室到规模化量产之间存在巨大的工程化鸿沟，贸然投产的风险远大于收益。静冈工厂的角色也变了：此前规划的2026年中试量产基地，现在转向工艺验证和数据积累。技术路线没变，性能指标也没变，450-500Wh/kg、10分钟快充、1200公里续航的目标依然写在规划里。只是丰田用行动证明了一件事：在全固态这件事上，\"快\"不等于\"对\"。丰田最新的时间表是：2028年小批量全固态装车，首发雷克萨斯高端车型。宁德时代：从半固态练手，台阶式推进，最稳。作为全球动力电池龙头，宁德时代没有把赌注压在一种路线上。硫化物+凝聚态聚合物双路线并行，全固态专利数量全球第一，已建成1GWh全固态中试线。但宁德时代真正的策略是\"台阶战术\"。2026年4月发布的麒麟凝聚态电池，行业普遍将其归为半固态，电解液含量低于10%，电芯能量密度350Wh/kg，以典型车型电池包布局计算，可使轿车续航达到1500公里，10分钟可充至80%，搭配多款高端车型交付。这一步的意图很清晰：半固态的商业化落地，为宁德时代在高端市场打开了局面，同时也为全固态的大规模量产提供了技术积累和资金支撑。在全固态线上，宁德时代走得比外界预期的更快。合肥固态电池产线首批产品能量密度已达450Wh/kg，已接近丰田公布的量产目标值；2026年将扩大产能，2027年配套理想汽车等车型装车。同时，500Wh/kg下一代产品已在研发中，目标2030年规模化量产。比亚迪：入场最晚，但慢不等于弱。比亚迪在固态电池上入场最晚，但路线最\"比亚迪\"：不抢首发，先把磷酸铁锂卷到极致，再all in全固态。重庆璧山20GWh产线预计2026年Q3季度启动建设，电芯能量密度400Wh/kg（系统最高可达480Wh/kg），2026年4月通过中汽研车规认证。节奏看起来慢：从产线开建到规模化量产需要两到三年，正式装车要到2027年仰望U9和汉EV高端版，大规模普及更是2030年以后的事。但慢不等于弱。比亚迪的逻辑不是\"抢首发\"，而是\"抢成本\"。按照弗迪电池公布的目标：2030年将全固态电芯成本降至 0.5-0.7元/Wh，实现固液同价。当固态电池和磷酸铁锂卖一个价的时候，才是比亚迪真正翻桌子的时刻。04现在买车，等还是不等？一算账就有答案这个问题，不能靠感觉，得算账。全固态电芯目前成本在1.6-2.2元/Wh。作为对比，主流磷酸铁锂只要0.39-0.5元/Wh，贵了3到5倍。一辆搭载70kWh电池包的家用电车，换全固态意味着电池成本要多花8万元以上。半固态的成本已经在大幅下降。2026年半固态电池的成本目标降至1.2元/Wh以下。虽然还是比普通锂电池贵，但差价收窄到了10%-20%。MG4半固态版（顶配）限时补贴已做到了9.98万元起售，把半固态从\"豪车专属\"打进了\"大众市场\"。2026年你能买到的一切\"固态电池车\"，几乎全是半固态。国标7月实施后，\"全固态\"的门槛会非常清楚，目前没有一款量产车达到全固态标准。真正要等到全固态降到普通消费者能接受的价位，行业共识是2030年以后。结论非常直白：如果你现在急需换车，半固态车型已经在10-30万价位全面铺开，实际续航普遍达到600-800公里，高端车型突破1000公里。不用等，直接买。如果你还能等两三年，2028年丰田和2027年宁德时代的全固态将进入小批量装车，续航和安全性的提升是质的飞跃，但价格一定是高端定位。如果你想用磷酸铁锂的钱买到全固态——不用等了，那是2030年以后的故事，现在该买就买。焦虑的真正解药不是\"全固态来了\"，是\"半固态已经把800公里续航打到了过去600公里电车的价格带\"。半固态不是终局，但已经够用；全固态的终局，还要等比亚迪把成本打下来。这是2026年正在发生的事。","news_type":1,"symbols_score_info":{"81211":0.6,"300750":1.94,"TM":1.92,"HYDD.SI":0.6,"01211":1.93,"BYDDY":1.93,"03160":0.6,"03750":1.94,"002594":1.93}},"isVote":1,"tweetType":1,"viewCount":797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":564175836012696,"gmtCreate":1778772639696,"gmtModify":1778775231545,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"减持规则本就是扯淡，这本就不是人设计的。","listText":"减持规则本就是扯淡，这本就不是人设计的。","text":"减持规则本就是扯淡，这本就不是人设计的。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/564175836012696","repostId":"2635743567","repostType":2,"repost":{"id":"2635743567","kind":"news","pubTimestamp":1778765820,"share":"https://www.laohunote.com/m/news/2635743567?lang=zh_CN&edition=full","pubTime":"2026-05-14 21:37","market":"other","language":"zh","title":"近400家公司拟减持合计超千亿，多只翻倍股遭套现","url":"https://stock-news.laohu8.com/highlight/detail?id=2635743567","media":"21世纪经济报道","summary":" 截至5月14日收盘，4月以来上证指数累计涨幅超7%，深证成指累计涨幅超16%，创业板指涨幅超24%。数据显示，4月份以来，已有190名上市公司控股股东或实际控制人发布减持计划，涉及120家上市公司，拟减持金额约337.01亿元，占总金额的28%。 持股5%以上的大股东减持力度更为显著，143名大股东拟减持上限约628.30亿元，占比超过五成。公司4月8日公告称，实际控制人朱一明拟减持不超过1121万股，占公司总股本比例1.60%，拟减持金额上限28.69亿元。","content":"<div>\n<p>炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 记者丨李益文\n 编辑丨叶映橙\n 视频丨许婷婷\n 4月以来，A股市场走出持续向上的独立行情，核心指数悉数刷新阶段乃至历史高点。上证指数向上突破4200点重要关口，创2015年7月以来近11年新高；创业板指同样一举突破2015年6月的历史高点，刷新历史最高纪录。\n 截至5月14日收盘，4月以来上证指数累计涨幅超7%，...</p>\n\n<a href=\"https://finance.sina.com.cn/wm/2026-05-14/doc-inhxwraa8609861.shtml\">网页链接</a>\n\n</div>\n","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=https://finance.sina.com.cn/wm/2026-05-14/doc-inhxwraa8609861.shtml><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 记者丨李益文\n 编辑丨叶映橙\n 视频丨许婷婷\n 4月以来，A股市场走出持续向上的独立行情，核心指数悉数刷新阶段乃至历史高点。上证指数向上突破4200点重要关口，创2015年7月以来近11年新高；创业板指同样一举突破2015年6月的历史高点，刷新历史最高纪录。\n 截至5月14日收盘，4月以来上证指数累计涨幅超7%，...</p>\n\n<a href=\"https://finance.sina.com.cn/wm/2026-05-14/doc-inhxwraa8609861.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","603986":"兆易创新","605099":"共创草坪","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK0042":"基因检测","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","LU0228659784.USD":"施罗德金砖四国基金","03986":"兆易创新","CNXT":"Market Vectors中国中小企业板创业板ETF","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) 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21快讯记者据同花顺iFinD数据统计，自2026年4月以来，A股市场共有397家上市公司发布股东减持相关公告，涉及减持股东734名，拟减持总金额（以减持公告日期的公司收盘价计算）上限合计约1202.30亿元。\n 从减持主体来看，控股股东及实际控制人成为本轮减持潮的重要力量。数据显示，4月份以来，已有190名上市公司控股股东或实际控制人发布减持计划，涉及120家上市公司，拟减持金额约337.01亿元，占总金额的28%。\n 持股5%以上的大股东减持力度更为显著，143名大股东拟减持上限约628.30亿元，占比超过五成。而高管减持则相对分散，262名高管拟减持金额约61.92亿元。\n 宁德时代单个股东减持超200亿元\n 本轮减持潮呈现出明显的头部集中特征。根据统计数据，拟减持金额排名前十的上市公司合计拟减持金额达468.26亿元，占全部拟减持总额的三分之一以上。\n 值得关注的是，国际复材、协创数据、招商轮船、佰维存储等多只年内股价翻倍的牛股，均出现在拟减持金额前列。\n\n 创业板“一哥”宁德时代（300750.SZ）成为本次减持潮中拟减持金额最高的公司。公司4月17日发布的公告显示，股东宁波联合创新新能源投资管理合伙企业（有限合伙）拟通过询价转让方式减持不超过5800万股，占公司总股本比例1.27%。按照公告日收盘价计算，拟减持金额上限高达253.60亿元。\n 另据宁德时代4月23日晚间的公告，截至该公告披露之日，上述询价转让已实施完毕，转让价格为410.34元/股，交易金额237.997亿元。\n 紧随其后的是游戏龙头世纪华通（维权）（002602.SZ）。根据公司5月8日发布的公告，第一大股东王佶及其一致行动人上海吉运盛商务信息咨询合伙企业（有限合伙）计划自公告披露之日起十五个交易日后的三个月内，以集中竞价和大宗交易方式合计减持不超过约2.2亿股，占公司总股本的3%。按公告日收盘价测算，本次最高可套现约35.16亿元。\n 存储龙头兆易创新（603986.SH）亦位列前三。公司4月8日公告称，实际控制人朱一明拟减持不超过1121万股，占公司总股本比例1.60%，拟减持金额上限28.69亿元。\n PCB行业龙头鹏鼎控股（002938.SZ）4月25日公告，控股股东美港实业有限公司、集辉国际有限公司拟合计减持4000万股，占公司总股本比例1.73%，拟减持金额上限28.64亿元。\n 此外，互联网券商龙头指南针（24.71亿元）、算力租赁龙头协创数据（23.47亿元）、电子布龙头国际复材（22.37亿元）、铜箔龙头德福科技（19.32亿元）等行业头部企业的拟减持金额上限均超过15亿元。\n 债务偿还与司法强制执行成减持主因\n 从减持理由来看，“资金需求”占据绝对多数，已成为减持公告中的“标准表述”。但进一步梳理可以发现，“偿还债务”仍是部分上市公司股东减持的真实动因。\n 世纪华通在公告中明确，股东的减持资金“主要用于偿还债务”；指南针股东广州展新通讯科技有限公司同样表示，减持资金将用于“认购公司拟非公开发行的可续期公司债券、偿还广州展新股票质押款，剩余资金（如有）也将持续用于支持公司业务发展”。\n 此外，金银河的实际控制人张启发与佛山市宝月山企业管理有限公司也提到，套现资金主要用于偿还银行融资负债及自身资金需求。中建环能股东同样提及偿还债务及补充其业务发展所需资金。\n 值得注意的是，部分上市公司的股东减持系司法强制执行导致。海南瑞泽（002596.SZ）4月18日公告，实际控制人冯活灵因法院强制执行，拟被动减持不超过900万股，占公司总股本的0.78%。\n 贝瑞基因（000710.SZ）控股股东高扬同样因成渝金融法院裁定强制变现，拟被动减持不超过353.52万股。汇宇制药（688553.SH）股东黄干益因与四川汇鑫融资租赁有限公司的保理合同、融资租赁合同纠纷，所持股份被申请司法强制执行。\n 除了债务偿还与司法强制执行外，个别公司提出了“优化股权结构”的减持理由。共创草坪（605099.SH）4月1日发布的减持公告显示，公司控股股东王强翔的一致行动人淮安创享创业投资中心（有限合伙）与王强众，拟各自减持不超过200万股，合计不超过400万股，占公司总股本比例均不超过0.50%，减持原因为“优化股本结构，释放股票流动性”。\n 而从共创草坪的股权结构来看，截至2026年一季度末，共创草坪前十大流通股东累计持有公司股份3.66亿股，累计占流通股比高达91.18%，股权高度集中。\n 四类违规减持将面临精准打击\n 在减持公告密集涌现的同时，监管机构也在持续完善减持制度。中国证监会近日就《违规转让证券案件行政处罚实施规则（征求意见稿）》公开征求意见，旨在全面完善减持规则体系，严厉打击各类违规减持行为。\n 该《规则》将违规转让证券划分为四大类别，并根据违规转让比例、金额等划分处罚阶次。根据新规，上述“违规转让比例超5%+金额超5亿元”的情形，将被从重处罚。\n 同时，新规还明确了从重处罚情形，违规减持导致上市公司第一大股东或实际控制人变更，短时间内高比例、大量卖出并造成股价波动等行为，都将被重罚。同时，在限制期内转让原始股，被认定为危害性较大的“无权减持”行为。\n 不过需要注意的是，从短期看，股东减持行为往往会对相关个股股价形成压力。但中长期看，合理有序的减持是资本市场的正常现象，有助于提高股票流动性，优化股东结构。\n 事实上，本轮减持潮中有相当一部分公司的股东减持属于基金存续期即将届满的正常退出。如鑫汇科、森泰股份等公司的股东减持即属于基金到期退出的需要。此外，国芯科技、赛分科技等公司的股东减持也系基金退出要求。\n 尤为值得关注的是，本轮减持潮中有相当一部分公司选择询价转让方式。宁德时代、指南针、协创数据等龙头股均采用此方式。\n 根据制度安排，询价转让是A股科创板与创业板特有的一种股份减持制度，指上市公司首发前的股东通过向符合条件的特定机构投资者进行非公开询价，以协议方式转让其持有的股份。其核心目的是为早期股东提供退出渠道，通过引入公募基金、私募基金等长期机构投资者接盘，减少大规模减持对二级市场股价的直接冲击，优化上市公司投资者结构，实现早期投资人与长期投资者的接力。\n 以宁德时代为例，其询价转让吸引了50家机构投资者参与报价，有效认购倍数达2.1倍，最终由30名机构投资者接盘，且受让股份在6个月内不得转让，有效缓冲了对二级市场的直接冲击。截至目前，宁德时代股价仍处历史高位。\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：杨红卜","news_type":1,"symbols_score_info":{"300750":1.96,"603986":1.87,"605099":1.85,"CNXT":0.72,"03986":1.87,"EVS.SI":0.6,"002602":1.9,"002938":1.86,"03750":1.96}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":527294073255232,"gmtCreate":1769742049281,"gmtModify":1769742051644,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"鬼话能信","listText":"鬼话能信","text":"鬼话能信","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/527294073255232","repostId":"2607063827","repostType":2,"repost":{"id":"2607063827","kind":"news","pubTimestamp":1769733133,"share":"https://www.laohunote.com/m/news/2607063827?lang=zh_CN&edition=full","pubTime":"2026-01-30 08:32","market":"hk","language":"zh","title":"15股获券商买入评级，宁德时代目标涨幅达75.79%","url":"https://stock-news.laohu8.com/highlight/detail?id=2607063827","media":"第一财经","summary":"Wind数据显示，1月29日，共有15只个股获券商买入评级，其中2只个股公布了目标价格。按最高目标价计算，宁德时代、鼎胜新材目标涨幅排名居前，涨幅分别达75.79%、39.29%。从评级调整方向来看，12只个股评级维持不变，2只个股评级获调高，1只个股为首次评级。从获买入评级个股所属Wind行业来看，资本货物、技术硬件与设备、半导体与半导体生产设备买入评级个股数量最多，分别有6只、3只、2只。","content":"<div>\n<p>Wind数据显示，1月29日，共有15只个股获券商买入评级，其中2只个股公布了目标价格。按最高目标价计算，宁德时代、鼎胜新材目标涨幅排名居前，涨幅分别达75.79%、39.29%。从评级调整方向来看，12只个股评级维持不变，2只个股评级获调高，1只个股为首次评级。从获买入评级个股所属Wind行业来看，资本货物、技术硬件与设备、半导体与半导体生产设备买入评级个股数量最多，分别有6只、3只、2只。</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260130083214a4669113&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>15股获券商买入评级，宁德时代目标涨幅达75.79%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n15股获券商买入评级，宁德时代目标涨幅达75.79%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-30 08:32 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260130083214a4669113&s=b><strong>第一财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wind数据显示，1月29日，共有15只个股获券商买入评级，其中2只个股公布了目标价格。按最高目标价计算，宁德时代、鼎胜新材目标涨幅排名居前，涨幅分别达75.79%、39.29%。从评级调整方向来看，12只个股评级维持不变，2只个股评级获调高，1只个股为首次评级。从获买入评级个股所属Wind行业来看，资本货物、技术硬件与设备、半导体与半导体生产设备买入评级个股数量最多，分别有6只、3只、2只。</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260130083214a4669113&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","BK1116":"电气部件与设备","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BK1610":"ETF&股票定投概念","LU0067412154.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (USD) ACC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (HKD) ACC","03750":"宁德时代","LU1993786604.SGD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (SGD) ACC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260130083214a4669113&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2607063827","content_text":"Wind数据显示，1月29日，共有15只个股获券商买入评级，其中2只个股公布了目标价格。按最高目标价计算，宁德时代、鼎胜新材目标涨幅排名居前，涨幅分别达75.79%、39.29%。从评级调整方向来看，12只个股评级维持不变，2只个股评级获调高，1只个股为首次评级。从获买入评级个股所属Wind行业来看，资本货物、技术硬件与设备、半导体与半导体生产设备买入评级个股数量最多，分别有6只、3只、2只。","news_type":1,"symbols_score_info":{"300750":1.94,"03750":1.94}},"isVote":1,"tweetType":1,"viewCount":1832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":524609457279112,"gmtCreate":1769054420426,"gmtModify":1769055243454,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/300750\">$宁德时代(300750)$ </a> 如此下去，自己人还不得套现千亿，甚至更多，这就是我们市场独有的特色之处","listText":"<a href=\"https://laohu8.com/S/300750\">$宁德时代(300750)$ </a> 如此下去，自己人还不得套现千亿，甚至更多，这就是我们市场独有的特色之处","text":"$宁德时代(300750)$ 如此下去，自己人还不得套现千亿，甚至更多，这就是我们市场独有的特色之处","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/524609457279112","isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":502200218206656,"gmtCreate":1763626152499,"gmtModify":1763628038584,"author":{"id":"4216271622932520","authorId":"4216271622932520","name":"JYLiu","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4216271622932520","authorIdStr":"4216271622932520"},"themes":[],"title":"","htmlText":"再多的利好不如一个大股东一百多亿亿的套现，这就是最大的利空。","listText":"再多的利好不如一个大股东一百多亿亿的套现，这就是最大的利空。","text":"再多的利好不如一个大股东一百多亿亿的套现，这就是最大的利空。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/502200218206656","repostId":"2584649108","repostType":2,"repost":{"id":"2584649108","kind":"highlight","pubTimestamp":1763364612,"share":"https://www.laohunote.com/m/news/2584649108?lang=zh_CN&edition=full","pubTime":"2025-11-17 15:30","market":"hk","language":"zh","title":"主力复盘：14.39亿流入三六零 17.13亿流出宁德时代","url":"https://stock-news.laohu8.com/highlight/detail?id=2584649108","media":"东方财富网","summary":"11月17日，沪指跌0.46%，深成指跌0.11%，创业板指跌0.2%。两市成交额1.91万亿，较上个交易日缩量473亿。数据显示，今日大盘主力资金净流出396.40亿。软件开发、能源金属、互联网服务等板块主力资金流入排名居前，其中软件开发净流入34.68亿元。主力净买入个股中，三六零排名第一，主力净买入14.39亿元，该股今日涨停；华胜天成排名第二，主力净买入12.26亿元。","content":"<div>\n<p>11月17日，沪指跌0.46%，深成指跌0.11%，创业板指跌0.2%。两市成交额1.91万亿，较上个交易日缩量473亿。数据显示，今日大盘主力资金净流出396.40亿。软件开发、能源金属、互联网服务等板块主力资金流入排名居前，其中软件开发净流入34.68亿元。 主力净买入个股中，三六零排名第一，主力净买入14.39亿元，该股今日涨停；华胜天成排名第二，主力净买入12.26亿元。 主力净...</p>\n\n<a href=\"http://stock.eastmoney.com/news/11782,202511173566217133.html\">网页链接</a>\n\n</div>\n","source":"east_money_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>主力复盘：14.39亿流入三六零 17.13亿流出宁德时代</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ 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padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n主力复盘：14.39亿流入三六零 17.13亿流出宁德时代\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-17 15:30 北京时间 <a href=http://stock.eastmoney.com/news/11782,202511173566217133.html><strong>东方财富网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>11月17日，沪指跌0.46%，深成指跌0.11%，创业板指跌0.2%。两市成交额1.91万亿，较上个交易日缩量473亿。数据显示，今日大盘主力资金净流出396.40亿。软件开发、能源金属、互联网服务等板块主力资金流入排名居前，其中软件开发净流入34.68亿元。 主力净买入个股中，三六零排名第一，主力净买入14.39亿元，该股今日涨停；华胜天成排名第二，主力净买入12.26亿元。 主力净...</p>\n\n<a href=\"http://stock.eastmoney.com/news/11782,202511173566217133.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代","601360":"三六零","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0124384867.USD":"贝莱德新能源基金A2","JKS":"晶科能源","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU0823437842.USD":"PARVEST GREEN TIGERS \"C\" (USD) INC","LU2348774022.SGD":"Aberdeen Standard SICAV I - Emerging Markets Sustainable Development Equity A Acc SGD-H","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU2298064838.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","LU1769817179.HKD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (HKD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU1051769294.HKD":"BGF EMERGING 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主力净买入个股中，三六零排名第一，主力净买入14.39亿元，该股今日涨停；华胜天成排名第二，主力净买入12.26亿元。 主力净卖出个股中，宁德时代排名第一，主力净卖出17.13亿元；阳光电源排名第二，主力净卖出11.75亿元。免责声明：本文基于AI生产，仅供参考，不构成任何投资建议，据此操作风险自担。（文章来源：东方财富研究中心）","news_type":1,"symbols_score_info":{"300750":1.5,"601360":1.5,"JKS":1.5,"EVS.SI":0.6,"03750":1.5}},"isVote":1,"tweetType":1,"viewCount":2161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}