[CSI Headlines].

Eight departments issued the "Action Plan for the High-quality Development of New Energy Storage Manufacturing Industry".

Recently, eight departments including the Ministry of Industry and Information Technology issued the "Action Plan for the High-quality Development of New Energy Storage Manufacturing Industry", actively encouraging the exploration of the rational allocation of new energy storage for thermal power, and supporting the development of new energy storage with peak regulation, frequency modulation and other multi-scenario applications. Promote the integration of new energy, new energy storage and intelligent regulation and control means, and build friendly new energy power stations. For deserts, Gobi, deserts and other areas rich in new energy and low local consumption capacity, support new energy storage to support large-scale consumption of renewable energy. Accelerate the promotion of shared energy storage and improve the auxiliary service capacity of energy storage to the power system. Encourage new energy storage to participate in the electricity market as an independent energy storage entity。 Accelerate the promotion of grid-based energy storage applications, improve the ability of new energy storage to support the stable operation of the power system, accelerate the promotion of alternative energy storage in areas with tight land resources or remote areas, reduce the pressure of power transmission and transformation investment, and improve the power supply capacity at the end of the power grid.

Comments: New energy storage plays an important role in promoting energy transition, improving energy efficiency, and ensuring the safe and stable operation of the power system. According to the National Energy Administration, by the end of 2024, the cumulative installed capacity of new energy storage projects that have been completed and put into operation across the country will reach 73.76 million kW/168 million kWh, with rapid growth. In the future, in the context of energy transition, the installed capacity of new energy storage will continue to maintain a rapid growth trend.

◆Among the A-share companies, EVE's (300014) products have been widely used in communication energy storage, power energy storage, household energy storage, wind and solar energy storage and other fields. The main business of China Southern Power Grid Energy Storage (600995) is pumped hydro storage, new energy storage and peak shaving hydropower.

[CSI Focus].

Double-layer OLED panel: Huawei creates the strongest mobile phone screen

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Recently, Huawei's follow-up new phones have been leaking, including the Pura 80 series, Pocket 3 small folding screen and nova 14 series. According to industry insiders, Huawei's Pura 80 series will be upgraded with a double-layer OLED panel, "which will be Huawei's strongest mobile phone screen." Compared with traditional single-layer OLED displays, double-layer OLED has significant improvements in display brightness, color saturation and contrast.

Comments: Double-layer OLED screen has significant advantages in contrast, color gamut, brightness and color accuracy, etc., with the continuous progress of technology, these advantages will be further strengthened, can bring users a better visual experience, and has a strong competitiveness in the high-end display market. At the same time, with the application of mainstream manufacturers such as Huawei, Honor, and Apple, as well as the improvement of technology research and development and production capacity of suppliers such as BOE and LG, the industrial chain of double-layer OLED screens will gradually improve, which will promote the continuous reduction of production costs and provide support for subsequent large-scale commercialization.

◆Among the A-share companies, Kaisheng Technology (600552) has successfully developed the barrier film for OLED packaging, and the OLED display module is currently in the sample stage. Related New Materials (688550) is one of the leading OLED materials in China.

【Highlights of the News】

○ The "2025 Chinese Intelligent Computing Power Development Assessment Report" jointly released by the International Data Corporation (IDC) and Inspur Information recently pointed out that large models and generative artificial intelligence have driven up the demand for computing power, and the scale of China's intelligent computing power will maintain rapid growth in the next two years. From 2023 to 2028, the five-year compound annual growth rate of China's intelligent computing power is expected to reach 46.2%.

○Tianjin University and Tsinghua University jointly developed a "dual-loop" brain-computer interface system. Not only does the system have higher accuracy and lower energy consumption, but it can also handle more complex tasks. This non-invasive evolutionary brain-computer interface system based on memristor neuromorphic devices has successfully revealed the synergistic enhancement effect of EEG development and decoder evolution in the process of brain-computer interaction, and realized the efficient four-degree-of-freedom control of drones by the human brain. The results were published in the latest issue of Nature Electronics.

[Sankei perspective].

The construction of charging piles is expected to speed up, and the industrial chain will benefit

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According to data released today by the China Electric Vehicle Charging Infrastructure Promotion Alliance, as of the end of January 2025, the cumulative number of charging infrastructure in the country was 13.213 million units, an increase of 49.1% year-on-year. In January, the increase in charging infrastructure was 395,000 units, an increase of 49.5% year-on-year. Among them, the increase in public charging piles was 181,000 units, a year-on-year increase of 222.5%, and the increase in private charging piles with vehicles was 214,000 units, an increase of 2.9% year-on-year. The China Electric Vehicle Charging Infrastructure Promotion Alliance said that China's charging infrastructure construction can basically meet the rapid development of new energy vehicles.

Comments: In order to better meet the charging needs of new energy vehicle users and further promote the healthy development of the new energy vehicle industry, the construction process of subsequent charging piles is expected to be accelerated. Related concept stocks include Heshun Electric (300141), Teruide (300001) and so on.

【Company Trends】

○ NAURA (002371) announced that it has increased its capital by 510 million yuan to its wholly-owned subsidiary, NAURA Innovation Investment (Beijing) Co., Ltd., and participated in the establishment of the second phase of the Beijing Integrated Circuit Equipment Industry Investment and M&A Fund. The fund has completed industrial and commercial registration, obtained a business license, and contributed 2.5 billion yuan. At the same time, the fund has completed the filing procedures for private investment funds with the Asset Management Association of China.

○ Higer Communications (002465) issued an announcement that China Mobile Procurement and Bidding Network recently released the "China Mobile 2025-2026 Communication Engineering Construction Services (Equipment Installation) Centralized Procurement Project" Winning Candidate Publicity, the company's wholly-owned subsidiary Higer Yichuang is one of the winning candidates in Guangdong, Henan, Shanxi, Gansu, Fujian, Sichuan, Chongqing, Hunan, Guizhou a total of 9 regions. It is estimated that the amount of the winning framework contract in the whole service cycle is about 731 million yuan (including tax), accounting for 11.34% of the company's total revenue in the most recent audited fiscal year.

○ Gansu Nenghua (000552) announced that the company plans to invest in the construction of a 2×1000MW thermal power project in Lanzhou New Area, with a static investment of 7.961 billion yuan and a dynamic investment of 8.284 billion yuan. The project construction funds are solved through bank loans, investment promotion, and the introduction of strategic investors.

○ Suochen Technology (688507) announced that Shanghai Suochen Digital Technology Co., Ltd., a wholly-owned subsidiary of the company, intends to transfer equity and/or increase capital by paying cash, acquire 51% of the equity of Beijing Likong Yuantong Technology Co., Ltd., and include it in the scope of consolidated statements as a holding subsidiary. Likong Technology is an industrial software product developer and solution provider, focusing on production control product development and industry solutions in the field of intelligent manufacturing.

[Capital Tide].

○ On February 17, the net outflow of main funds in Shanghai and Shenzhen was 39.267 billion yuan. The top three sectors with net inflows of major funds were general equipment, consumer electronics and semiconductors, with net inflows of 1.751 billion yuan, 1.168 billion yuan and 1.001 billion yuan respectively. The top three stocks with net inflows of major funds are China Unicom, Fenda Technology and Changying Precision, with net inflows of 959 million yuan, 775 million yuan and 672 million yuan respectively.

○ Invic (002837) rose 10.00% on February 17, with a turnover of 2.012 billion yuan. According to the data of the Dragon and Tiger List, on the same day, the special seats for Shenzhen-Hong Kong Stock Connect bought 180 million yuan and sold 131 million yuan, and the two institutions bought a total of 89.2869 million yuan.