金吾财讯 | 中原证券研究指，截至2026年5月18日，锂电池和创业板估值分别为30.62倍和49.65倍，结合行业发展前景和估值水平，维持行业“强于大市”评级。展望2026年，我国动力电池增速将高于新能源汽车销售增速；储能锂电池占比将显著提升，需求增长主要在于能源安全、政策及细分领域需求增长；锂电产业链价格总体较2025年显著提升。该机构预计锂电池盈利将持续改善，板块业绩增速较2025年将提升，但细分领域、细分领域标的业绩将持续分化，建议重点关注投资主线包括：一是重点关注储能产业链，主要受益于储能电池出货增长，其中LFP细分领域关注四代和五代营收占比高的标的。二是关注海外建厂或海外收入占比较高的产业链标的。三是关注产业链价格上涨的细分领域，以及具备产业链一体化或议价能力强的细分标的。四是关注钠离子电池和固态相关进展，特别是行业标志性事件带来的主题投资机会。结合上述四条投资主线，优选研发投入在公司营收中占比长期较高的标的，一般大于4%，同时锂电池产业相关业务在公司营收中占比在50%以上。
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.