华安证券（600909）近日发布有色金属研究报告锡专题：全球锡市场呈现结构性紧缺，供给端高度依赖 少数资源国，2024年全球锡矿产量30万吨(同比-1.63%)，其中缅甸、印尼和中国合计占比达51%，矿端 政策与品位下降使新增产能有限。需求端，2024年全球锡需求量38.52万吨(同比+3.33%)，锡工业属性 突出，2024年全球电子焊料用锡需求15.41万吨，同比+3.35%，占总需求的40.01%。 供应集中且增量有限、需求保持高景气。全球锡市场呈现结构性紧缺，供给端高度依赖少数资源国， 2024年全球锡矿产量30万吨(同比-1.63%)，其中缅甸、印尼和中国合计占比达51%，矿端政策与品位下 降使新增产能有限。需求端，2024年全球锡需求量38.52万吨(同比+3.33%)，锡工业属性突出，2024年 全球电子焊料用锡需求15.41万吨，同比+3.35%，占总需求的40.01%。 锡价上行主要由供弱需强驱动。2025年初以来缅甸矿产停工时间超过预期，冶炼厂开工率被迫下调。外 加刚果锡精矿因冲突停产，影响全球约6%的锡供应，加剧原材料紧张。在需求端AI服务器、光伏等对 锡焊料需求扩张，锡供需持续紧张，驱 ...

Core Viewpoint - The Chinese data center industry is expected to enter a phase of explosive growth by 2025, with the market size projected to exceed 318 billion yuan, representing a year-on-year increase of approximately 14.7% [1][2]. Industry Summary - The market size of the Chinese data center industry is forecasted to reach 1.2 trillion yuan by 2030, with a compound annual growth rate (CAGR) of about 25%-28% [2]. - The load capacity is expected to be around 7.05 GW in 2025 and reach 9.37 GW by 2030, with a CAGR of approximately 5.85% [2]. - The demand for AI computing power is driving significant capital expenditure from leading internet companies, with ByteDance planning to invest about 160 billion yuan in AI infrastructure by 2026, Alibaba expecting to invest over 380 billion yuan in cloud and AI hardware from 2025 to 2027, and Tencent increasing its investment in AI and cloud construction [2]. Investment Insights - The domestic data center sector is entering a new cycle of expansion and upgrades, with direct current (DC) power supply equipment likely to benefit first [2]. - The recent initiation of AIDC tenders in China suggests a focus on the IDC sector, with recommendations to pay attention to companies like Kehua Data (002335) [3]. - The HVDC/SST industry shows significant potential for development, with high market space and further value enhancement expected, recommending attention to Jinpan Technology and Sifang Co., Ltd. (601126) [3]. - High-voltage circuit breakers are critical for power distribution and transformation, with a recommendation to focus on Liangxin Co., Ltd. (002706) [3]. - Continuous attention is advised for the power supply sector within AIDC, including companies like Zhongheng Electric (002364), Magpower (002851), and Oulu Tong (300870) [3]. - In the energy storage sector, companies such as Sungrow Power Supply (300274) and Tongfei Co., Ltd. (300990) are recommended for investment [3].

Core Insights - The meeting focused on the innovation and development of intelligent technology for unmanned coal mining, aiming to inject strong momentum into the high-quality development of the industry [1][15]. Group 1: Meeting Overview - The first academic committee and strategic advisory committee meeting of the National Key Laboratory for Intelligent Technology in Unmanned Coal Mining was held in Beijing, gathering leaders, experts, and scholars from various sectors [1][3]. - The meeting emphasized the importance of collaboration among government, industry, and academia to enhance innovation capabilities and transform them into industrial effectiveness [4][5]. Group 2: Key Contributions and Future Directions - The laboratory aims to become a leading source of innovation in unmanned coal mining technology, focusing on national strategic needs and advancing research in three major areas: energy security, deep resource development, and artificial intelligence [4][9]. - The laboratory has achieved significant results in the past year, including ten innovative outcomes, with three being landmark achievements [9][15]. Group 3: Expert Insights - Academicians highlighted the need for deep collaboration between human and machine in the entire process of coal mining, emphasizing the importance of intelligent reconstruction from perception to support [6][7]. - The laboratory's approach to talent cultivation through interdisciplinary training is seen as a solution to the challenges of recruitment and employment in the coal mining sector [6][13]. Group 4: Technological Innovations - The meeting discussed advancements in intelligent mining technologies, including smart sorting techniques that enhance coal quality and support the dual carbon strategy [8][12]. - The laboratory's collaborative model among universities, research institutes, and enterprises is designed to create a seamless connection between fundamental research, technology development, and practical application [7][14]. Group 5: Strategic Goals - The laboratory aims to strengthen its international cooperation and focus on green and low-carbon development, contributing to global coal safety and efficiency [6][7]. - Future plans include enhancing the operational mechanisms of the laboratory and focusing on key research directions to ensure sustainable development and continuous breakthroughs in core technologies [11][15].

天眼查工商信息显示，近日，河北保定农村商业银行股份有限公司发生工商变更，注册资本由8.5亿人 民币增至约8.8亿人民币，增幅约3.7%。 该公司成立于2007年1月，法定代表人为张冬，经营范围含吸收公众存款，发放短期、中期和长期贷 款，办理国内结算，办理票据承兑和贴现，代理发行、代理兑付、承销政府债券等。股东信息显示，该 公司由韩树强、隰春雨等共同持股。 ...

Group 1 - The core point of the article is that China Coal Shaanxi Energy Chemical Group Co., Ltd. has increased its registered capital from approximately 10.3 billion RMB to about 12.26 billion RMB, representing a growth of about 19% [1] Group 2 - The company was established in September 2023 and is legally represented by Liang Yunfeng [1] - The business scope includes coal washing, basic chemical raw material manufacturing, chemical product production, mining machinery manufacturing, coal and product sales, renewable resource recovery, property management, engineering management services, and solid waste treatment [1] - The company is wholly owned by China Coal Energy Co., Ltd. [1]

天眼查工商信息显示，近日，北京首昌未来智能制造产业股权投资基金合伙企业(有限合伙)成立，执行 事务合伙人为北京未来科学城基金管理有限公司，出资额2亿人民币，经营范围为私募股权投资基金管 理、创业投资基金管理服务。合伙人信息显示，该基金由天津首信建瓴投资合伙企业(有限合伙)、北京 未来科学城国信先进能源及制造产业股权投资基金(有限合伙)、北京昌建发投资管理中心(有限合伙)、 北京未来科学城基金管理有限公司、北京京西创业投资基金管理有限公司共同出资。 ...

天眼查工商信息显示，近日，广东华胥智能技术有限公司成立，法定代表人为陈立军，注册资本5000万 人民币，经营范围含计算机系统服务、信息系统运行维护服务、人工智能行业应用系统集成服务、信息 系统集成服务、工程和技术研究和试验发展等。股东信息显示，该公司由三一集团旗下广东华胥私募基 金管理有限公司、YUNG ROBERT分别持股95%、5%。 ...

国网赤峰供电公司护航冰雪那达慕赋能地区发展 1月10日上午11时，赤峰市松山区昭乌达桥下呈现出一片欢乐沸腾的冰雪奇幻世界。在《周末上哪疯一站到赤峰》的轻快旋律中，为期多日的"歌游内蒙古 冰雪赤峰行"赤峰冰雪那达慕正式拉开帷幕。巨型红山雪雕巍然矗立，英金河冰道蜿蜒生辉，驯鹿爬犁与雪地摩托穿梭巡游，空气中弥漫着奶茶与烤肉的 暖香，非遗匠人的巧手上下翻飞……这场融合了古老红山文化、激情那达慕精神与现代文旅创意的冰雪盛宴，不仅点燃了市民游客的冬日热情，更澎湃着 赤峰冰雪经济发展的强劲动能。而在这场光彩夺目、活力四射的盛会背后，一抹"电暖红"始终无声坚守，以稳定可靠的电力供应，筑牢了冰雪欢歌的动能 保障。 闻令而动，精密部署织就安全网 当赤峰决心以冰雪为媒，擘画"全国首创雪雕实景演艺IP"的蓝图时，可靠电力保障便是将瑰丽想象落地为现实的重要基石。在接到文体局的正式保电函件 后，国网赤峰供电公司闻令即动，将此次保电任务提升至服务地方经济社会发展大局的高度予以部署。 国网赤峰供电公司迅速成立专项保电工作组，聚焦活动核心区域——主舞台"玉龙雪韵"大型实景展演区、八大特色功能区及遍布场地的灯光、音响、造 雪、取暖设备，深入分析 ...

以"第一议题"固本，在管党治党中实干强基。公司党委坚持将"第一议题"作为管党治党的重要抓手，持 续宣讲党的二十届四中全会精神，加快推进高质量党建工程，擦亮"苏电铁军·盐供先锋"党建品牌。通 过深化国网巡视、三新供服巡察成果运用，将严的主基调贯穿经营管理全过程，推动"党建+业务"深度 融合，强化基层党组织战斗堡垒作用，凝聚干部职工干事创业合力。唯有以实干抓实党建，才能为公司 发展提供坚强政治保障与组织保障，推动经营管理提质升级，为各项工作落地见效筑牢根基。 由此，我们要认真学习国网盐城公司党委的做法和经验，持续深化"第一议题"制度，以学促干、以干践 学，在实干中笃定前行，以"第一议题"凝心铸魂，用实干担当破解发展难题，契合能源行业绿色转型的 时代趋势，只有这样，才能在能源转型浪潮中勇立潮头，才能为地方经济社会发展注入强劲电力动能， 进而以实际行动践行国企担当与时代使命。 "第一议题"是凝心铸魂的"定盘星"，实干担当是破局发展的"压舱石"。最近，国网盐城供电公司党委召 开第32次党委会，以"第一议题"系统学习习近平总书记近期重要讲话精神，将思想共识转化为实干行 动，锚定绿色转型、民生服务、管党治党三大方向笃定前行 ...

近日，厦门安行能源科技有限公司（简称"安行能源"）与凤阳县经济发展投资有限公司（简称"凤阳经投"）、安徽夯业淮开科技有限公司（简称"淮开科技"）在安徽凤阳成功举行战略合作签约仪式，正式启 动"新能源无人机光储充检消产业园装备制造项目"。 凤阳经投总经理陈凯、淮开科技及安行能源董事长邹永辉、安行能源创始人兼CEO张灿华作为三方代表共同签署协议。合肥科大立安总经理吴军、凤阳经投副总经理赵燕、投资部经理蒋若楠、江西国电投浙 赣综合智慧能源相关负责人赵桂亮、安行能源投资代表陈理明等嘉宾出席仪式，共同见证了二轮充电行业协同发展的新里程碑。 在 "双碳" 战略与民生需求双重驱动下，我国电动两轮车保有量已突破 4.25 亿辆，但充电安全事故频发、能源利用效率偏低等问题成为突出民生痛点。安行能源深耕赛道多年，构建 "光伏 + 储能 + 充电 + 电池 检测 + 消防" 五位一体技术闭环，形成 "能源 + 安全" 双轮驱动的智慧服务生态，精准破解行业核心难题。此次三方合作打造的协同模式，有效打通投资、制造、运营环节的壁垒，实现 "1+1+1>3" 的系统聚合 效应，既保障资产安全与技术可靠性，又显著提升运营效率，为行业提供了可 ...