【今日头条】 中国石化集团举办上市公司联合交流 启动市值提升专项行动 12月16日，中国石化集团首次上市公司投资者联合交流活动在京举行。活动上，中国石化上市公司市值 提升专项行动启动。中国石油化工集团有限公司党组成员、总会计师蔡勇表示，专项行动旨在提升投资 价值、增强股东回报。主要包括三方面：一是将继续提升治理效能，强化上市公司管理，持续完善上市 公司常态化管理体系，聚焦战略发展定位规划，资本运作与市值管理，资本市场人才队伍建设三大核心 业务，推动中国石化上市公司长效管理机制落实落地;二是将继续完善回报制度，共享发展成果，努力 提高信息披露质量，持续强化投资者关系管理，继续坚持稳定、可预期的现金分红政策，有序开展回购 增持，稳步增强全体股东回报;三是将继续优化资本布局，释放板块价值，持续开展并购重组、权益融 资等资本运作，在调整产业布局、助力产业链向高端化和精细化延伸的同时优化上市公司结构，力 争"十五五"期间上市公司的市场价值总体持续提升。 参与启动活动的包括中国石化(00386)、石化油服(01033)、中石化炼化工程(02386)、上海石化(00338)、 石化机械(000852.SZ)、中石化冠德(0 ...

中集安瑞科（3899.HK）今日宣布，12月16日，国内首个量产生物甲醇（绿色甲醇）项目在广东湛江投 产，中集集团总裁、中集安瑞科董事长高翔，中集集团副总裁李胤辉、王小岩，中集安瑞科执行董事& 总裁杨晓虎等公司领导，湛江市委书记余钢、香港运输及物流局副秘书长陈婉雯、国投生物总经理何富 刚、全球合作伙伴及行业专家出席投产仪式。 该项目位于广东湛江，是国内最早实现"生物质废弃物—绿色甲醇—航运燃料"全链条闭环的规模化项目 之一，其投产标志着中集安瑞科在清洁燃料领域完成从氢能到先进液体燃料的战略延伸，为全球航运业 提供切实可行的深度脱碳方案。该项目首期年产5万吨的绿色甲醇，是国内首个量产生物甲醇项目，具 有原料适应性强、操作弹性大、工艺过程集成度高、源头及过程降碳效果显著等优点，产品全生命周期 GHG减排率85%以上，从原料端到甲醇及至后续的贸易仓储端全链条均已获得欧盟ISCCEU认证；并经 过美国贝塔实验室的C14定量检测认定，验证"原料—产品"的碳追溯完整性。 项目已构建了华南首个绿色甲醇"产—储—运—用"供应链生态：在湛江港深水码头布局3万m³的甲醇成 品罐以及专用装卸泊位，实现"产—储—运"1小时闭环；已构 ...

中集安瑞科(03899)发布公告，于2025年12月16日斥资113.4万港元回购14万股。 ...

格隆汇12月16日丨中集安瑞科(03899.HK)公告，12月16日耗资113.4万港元回购14万股，每股回购价 7.98-8.15港元。 ...

智通财经APP讯，中集安瑞科(03899)发布公告，于2025年12月16日斥资113.4万港元回购14万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 03899 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年12月10日 | 2,029,466,253 | | 100,000 | | 2,029,566,253 | | 1). 購回股份 (股份被持作庫存股份) | | | -140,000 ...

| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3868 | -0.55 | -3.07 | -1.43 | | 深证综指 | 2454 | -0.77 | -2.28 | -1.78 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | -0.58 | -1.2 | 18.6 | | 中盘指数 | -1.04 | -1.77 | 25.03 | | 小盘指数 | -0.91 | -2.09 | 21.09 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 航天装备Ⅱ | 5.67 | 28.5 | 65.8 | | 保险Ⅱ | 4.33 | 9.04 | 19.99 | | 特钢Ⅱ | 3.46 | 1.53 | 20.15 | | 化学纤维 | 2.93 | -7.83 | 14.06 | ...

Investment Rating - The report maintains a positive outlook on the power sector, particularly following the increase in coal power capacity pricing in Yunnan, which is expected to stabilize revenue for coal power companies [6][8]. Core Insights - Yunnan has announced an increase in the coal power capacity price recovery of fixed costs to 100%, effective from 2026, which will enhance the stability of coal power revenues and support the integration of renewable energy sources [6][7]. - The report highlights a significant drop in natural gas prices in the U.S. and Northeast Asia, with the latter reaching a 20-month low, indicating a favorable environment for gas companies [10][24]. - The investment analysis suggests a diversified revenue model for coal power companies, transitioning from reliance on electricity sales to a combination of electricity, capacity, and ancillary service revenues [8]. Summary by Sections 1. Power Sector - Yunnan's new policy sets the coal power capacity price at 330 RMB per kilowatt per year, allowing full recovery of fixed costs, which is expected to improve the profitability of coal power plants [6][7]. - The province's total installed power capacity exceeds 168 million kilowatts, with over 90% being green energy, necessitating coal power for peak load support [7]. - The report recommends several companies, including Guodian Power and Inner Mongolia Huadian, for their integrated coal power operations [8]. 2. Natural Gas Sector - U.S. Henry Hub spot prices fell to $4.07/mmBtu, a decrease of 21.56% week-on-week, while Northeast Asia LNG prices dropped to $10/mmBtu, down 6.19% [10][11]. - The report notes that strong supply and high inventory levels in Northeast Asia are contributing to the price decline, with expectations of further price sensitivity from buyers as prices approach $10/mmBtu [24][26]. - Investment recommendations include companies like Kunlun Energy and New Hope Energy, which are expected to benefit from lower costs and improved margins [31][32]. 3. Market Performance - The report indicates that the power and equipment sectors outperformed the Shanghai Composite Index during the review period, while the gas and environmental sectors lagged [34]. - It provides a detailed valuation table for key utility companies, highlighting their earnings per share (EPS) and price-to-earnings (PE) ratios [46]. 4. Company and Industry Dynamics - Recent government policies emphasize the development of a clean, low-carbon energy system, with a target of 25% non-fossil energy consumption by 2030 [40][41]. - The report discusses the ongoing transition in the energy sector towards market-driven growth, particularly in new energy storage solutions [41].

Investment Rating - The report maintains a "Buy" rating for several companies in the power and gas sectors, including China Power Investment Corporation, Inner Mongolia Huadian, and China Resources Power [48]. Core Insights - Yunnan Province has increased the coal power capacity price recovery of fixed costs to 100%, which is expected to stabilize revenue for coal power companies and enhance their role in supporting renewable energy integration [7][8]. - The report highlights a significant drop in natural gas prices, with Northeast Asia LNG prices reaching a 20-month low, driven by strong supply and mild weather conditions [12][26]. - The investment analysis suggests a diversified revenue model for coal power companies, transitioning from reliance on electricity sales to a combination of electricity revenue, capacity income, and ancillary service income [9]. Summary by Sections 1. Power: Yunnan Increases Coal Power Capacity Price - Yunnan has announced a new mechanism for coal power capacity pricing, allowing for full recovery of fixed costs starting in 2026, set at 330 RMB per kilowatt per year [7][8]. - The province's total installed power capacity exceeds 168 million kilowatts, with over 90% from green energy sources, necessitating coal power for peak load support [8]. 2. Gas: Global Gas Price Trends - As of December 12, the Henry Hub spot price in the U.S. was $4.07/mmBtu, down 21.56% week-on-week, while Northeast Asia LNG prices fell to $10/mmBtu, a decrease of 6.19% [12][13]. - The report notes that the overall supply of natural gas remains robust, contributing to lower prices in Northeast Asia [26][28]. 3. Weekly Market Review - The power and power equipment sectors outperformed the CSI 300 index, while the public utility, gas, and environmental protection sectors lagged behind [36]. 4. Company and Industry Dynamics - Recent government meetings and policy announcements emphasize the importance of a clean, low-carbon energy system and the development of a new energy system by 2030 [40][43]. - The report includes updates on major companies, such as China Resources Power and Longyuan Power, highlighting their financial activities and operational performance [44][46].

申万宏源主要观点如下： 申万宏源发布研报称，首次覆盖，给予中集安瑞科(03899)"买入"评级，中集安瑞科作为中集集团 （000039）旗下的清洁能源装备龙头，财务稳健、订单饱满。其核心清洁能源业务受益于天然气需求增 长、航运减碳驱动及氢能产业政策，装备与运营(焦炉气制氢、绿色甲醇)双轮驱动，成长动能强劲，公 司凭借行业领先地位与高分红，展现出稳健的盈利能力与长期发展潜力。 1)化工环境：罐箱全球市占率超50%，短期要受化工周期影响，短期承压。公司开拓罐箱后市场服务， 应对化工周期波动。2)液体食品：旗下包括Ziemann啤酒装备知名品牌等，受消费放缓影响，多元化策 略提升韧性。 公司为中集旗下的清洁能源装备平台，财务稳健 风险提示 公司主要从事天然气等运输、储存及加工装备，并提供工艺及投资运营等一体化服务，大股东中集集团 持股70%。公司2020-2024年归母净利润CAGR达17%，主要受益清洁能源装备业绩持续提升。25H1清洁 能源/化工环境/液态食品三大板块毛利润占比分别为71%、14%、15%。公司近4年ROE维持在10%以 上，现金资产充沛，近2年分红率维持50%以上。 需求与政策不及预期风险、汇 ...