天风证券研报指出，雄韬股份为电源行业老兵，算力中心与数据中心UPS电源业务贡献主要利润。2025年上半年算力中心与数据中心UPS电源业务收入占公司收入47%，贡献了75%的利润。随着AI算力需求的高速增长，数据中心正朝着大规模、高密度、高功率方向演进，锂电池产品具有寿命长、能量密度高、节能环保等优势，并与铅酸电池相比，锂电池全生命周期成本优势明显，10年内可节省40%以上的总拥有成本。公司深耕算力中心与数据中心UPS电源，锂电+铅酸+氢能多线布局。基于公司深耕UPS业务，有望受益于AI数据中心投资，首次覆盖给予“买入”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.