（文章来源：每日经济新闻） 每经AI快讯，哈尔滨电气(01133.HK)涨超6%，年内股价已飙升逾5倍。截至发稿，涨6.23%，报14.32港 元，成交额2.14亿港元。 ...

哈尔滨电气(01133)涨超6%，年内股价已飙升逾5倍。截至发稿，涨6.23%，报14.32港元，成交额2.14亿 港元。 消息面上，瑞银此前研报指出，对中国电力市场需求更为乐观，预计2028年至2030年中国电力需求将增 长8%，为早前预测两倍。纵使该行早已认定人工智能数据中心、出口及电动化为结构性推动因素，但 预期有关因素影响明显超越原来预期。该行的有关调整反映对人工智能数据中心兴建、电力出口增长加 快及电动化加速的信心增强，有利明年起电力设备及电网资本开支。该行首选股为哈尔滨电气等。 ...

消息面上，瑞银此前研报指出，对中国电力市场需求更为乐观，预计2028年至2030年中国电力需求将增 长8%，为早前预测两倍。纵使该行早已认定人工智能数据中心、出口及电动化为结构性推动因素，但 预期有关因素影响明显超越原来预期。该行的有关调整反映对人工智能数据中心兴建、电力出口增长加 快及电动化加速的信心增强，有利明年起电力设备及电网资本开支。该行首选股为哈尔滨电气等。 智通财经APP获悉，哈尔滨电气(01133)涨超6%，年内股价已飙升逾5倍。截至发稿，涨6.23%，报14.32 港元，成交额2.14亿港元。 ...

Investment Rating - The report provides a positive investment outlook for the electricity and natural gas sectors, highlighting potential growth opportunities in renewable energy and natural gas consumption [4][8]. Core Insights - The green certificate market is experiencing a significant increase in both volume and price, with a 210% rise in average trading prices in Q3 compared to Q1. The total issuance of green power certificates reached 2.29 billion in September 2025, with 1.58 billion being tradable [7][8]. - Global natural gas prices are fluctuating, with the U.S. Henry Hub spot price reaching a six-month high of $3.57/mmBtu, while European prices are showing mixed trends [9][11]. - The report anticipates an increase in natural gas consumption in Q4 2025 due to low base effects and expected higher heating demand from a potential La Niña phenomenon [30][31]. Summary by Sections Electricity - The average trading price of green certificates increased by 210% in Q3 compared to Q1. The issuance of green certificates reached 2.29 billion in September 2025, with 1.58 billion being tradable, indicating a robust market growth [7][8]. - The report emphasizes the need for further development of the green certificate market and the introduction of regulations to enhance renewable energy consumption [4][7]. Natural Gas - As of October 31, 2025, the U.S. Henry Hub spot price was $3.57/mmBtu, marking an 11.16% increase week-on-week. In contrast, European gas prices showed a decline, with the TTF spot price at €30.35/MWh, down 5.42% [9][10]. - The report notes a decrease in China's apparent natural gas consumption in September 2025, but anticipates a rebound in Q4 2025 due to low base effects and increased heating demand [30][31]. - The LNG national ex-factory price in China rose to 4407 yuan/ton, reflecting a 3.11% increase week-on-week, driven by rising demand ahead of the heating season [28][30]. Investment Recommendations - The report recommends several companies based on their performance and market conditions: - Hydropower: Focus on Guotou Power, Chuan Investment Energy, and Yangtze Power due to favorable hydrological conditions [8]. - Green Power: Attention to New Energy, Funiu Co., Longyuan Power, and China Resources Power for their stable returns [8]. - Nuclear Power: Recommendations for China Nuclear Power and China General Nuclear Power due to ongoing approvals for new units [8]. - Thermal Power: Companies like Guodian Power and Huadian International are highlighted for improved profitability due to falling coal prices [8]. - Gas Power: Recommendations for Guangzhou Development and Shenzhen Energy based on expected stability in profitability [8].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 哈爾濱電氣股份有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01133 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 675,571,000 | RMB | | 1 RMB | | | 675,571,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | | 本月底結存 | | | 675,571,000 | RMB | | 1 RMB | | | 675,571,000 | | 1. 股份分類 | ...

Investment Rating - The report maintains a "Buy" rating for various sectors including hydropower, green electricity, nuclear power, thermal power, and gas power [4][9][44]. Core Insights - The green certificate market is experiencing a significant increase in both volume and price, with a 210% rise in average trading price in Q3 compared to Q1 [8]. - Global natural gas prices are fluctuating, with the US Henry Hub spot price reaching a near six-month high of $3.57/mmBtu, while European prices are showing mixed trends [11][12]. - The report anticipates a potential increase in gas consumption growth in Q4 2025 due to low base effects and high demand expectations, despite a 1.6% year-on-year decline in September gas consumption [32][33]. Summary by Sections 1. Electricity - In September 2025, 229 million green electricity certificates were issued, with 68.86% being tradable [4][8]. - The report highlights the improvement in market mechanisms and the growing demand for renewable energy consumption [8]. 2. Natural Gas - As of October 31, 2025, the US Henry Hub spot price increased by 11.16% week-on-week, while European prices showed a decline [11][12]. - The report notes a 1.6% year-on-year decrease in national gas consumption in September, with expectations for growth in Q4 2025 due to favorable weather conditions [32][33]. 3. Investment Recommendations - Recommendations include hydropower companies such as Guotou Power and Chuanwei Energy, green electricity firms like Xintian Green Energy and Longyuan Power, and gas companies including Kunlun Energy and New Hope Energy [9][44]. - The report emphasizes the potential for improved profitability in the gas sector due to declining costs and rising demand [33][44].

Core Points - The company and its board members guarantee the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][3]. Financial Data - The third-quarter financial report has not been audited [3][6]. - There are no adjustments or restatements of previous accounting data required [3]. - The company does not have any non-recurring profit and loss items applicable for this quarter [3][4]. Shareholder Information - The report includes details on the total number of common shareholders and the top ten shareholders' holdings [5]. - There are no changes in the top ten shareholders due to securities lending activities [5]. Other Important Matters - There are no other significant matters to report for this quarter [5].

Core Viewpoint - Harbin Electric (01133) announced the appointment of Chen Hui as Senior Vice President, effective from the date of the announcement, October 27, 2025 [1] Company Summary - The board meeting of Harbin Electric was held to make the decision regarding the appointment [1]

Core Viewpoint - Harbin Electric (01133) announced the appointment of Chen Hui as the Senior Vice President, effective from the date of the announcement, October 27, 2025 [1] Company Summary - The board meeting of Harbin Electric is scheduled for October 27, 2025, to formalize the appointment of Chen Hui [1]

Core Viewpoint - Harbin Electric (01133.HK) announced the appointment of Chen Hui as Senior Vice President, effective from the date of the announcement [1] Group 1 - The board meeting was held on October 27, 2025, to make the decision regarding the appointment [1]