金融界4月14日消息，上证指数高开高走，中证智慧城镇指数 (智慧城镇，H30138)报2137.98点。 数据统计显示，中证智慧城镇指数近一个月下跌13.16%，近三个月上涨1.63%，年至今下跌5.77%。 据了解，中证城镇化指数系列主要围绕集约、智能、绿色低碳等主题，多角度反映城镇化进程中受经济 结构和消费结构变化影响的上市公司证券的表现。城镇化指数系列包括1条城镇化指数和5条子指数，分 别为智慧城镇、绿色城镇、城镇交通、智能交通、城镇消费。该指数以2012年06月29日为基日，以 1000.0点为基点。 从中证智慧城镇指数持仓样本的行业来看，信息技术占比52.36%、工业占比21.04%、通信服务占比 16.14%、可选消费占比7.37%、医药卫生占比2.19%、原材料占比0.53%、公用事业占比0.37%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 长江商报消息 ●长江商报记者 沈右荣 从创业板撤离后转道北交所，沈阳宏远电磁线股份有限公司（以下简称"宏远股份"）将于4月18日首发 上会。 宏远股份主要从事电磁线的研发、生产和销售，拥有特变电工、电气装备集团等知名企业客户，以及中 国船舶重工集团旗下公司等知名企业供应商。 不过，无论是对客户，还是对供应商，宏远股份都存在明显依赖。2022年至2024年（以下简称"报告 期"），特变电工为公司贡献了超过40%的营业收入，公司向中国船舶重工集团旗下公司采购的金额占 比超过80%。 宏远股份是一家典型的家族企业，杨绪清及其子女控制宏远股份83.62%的股权，且杨氏家族多名成员 在公司担任要职，这给企业的内控治理造成了挑战。 报告期，宏远股份的经营业绩持续快速增长，但经营现金流与之背离。2024年，经营现金流终于转正， 但与归属母公司股东的净利润（简称"归母净利润"）差距较大。 2024年，公司研发费用率仅0.28%，远低于同行可比公司，业绩高增长的持续性存疑。 净利与经营现金流背离 冲击北交所，宏远股份的底气是业绩高速增长。 宏远股份早就谋划进入资本市场，首选之地 ...

能界先声 宏观来看，项目符合国家"十四五"规划对煤制油气基地的布局，以及新疆打造现代煤化工产业的目标。具体来看，目标市场锁定华北、华东高价区域，LNG 辐射新疆本地工业用户，可以与西气东输管道形成协同。此外，特变电工拥有丰富煤炭储量及核定产能，展开煤制气项目具有资源优势。 特变电工宣布拟投资178.47亿元建设准东20亿立方米/年煤制天然气项目及配套供煤工程，试图在传统能源清洁化领域开辟新赛道，老牌能源装备巨头特变 电工（600089.SH）正面临转型阵痛。 业绩承压：净利腰斩与行业寒冬 根据特变电工发布的2024年度业绩预告显示，预计归母净利润为39亿—43亿元，同比降幅高达59.81%—63.55%，较2022年巅峰期的158.53亿元缩水超七成。 这是继2023年净利润下降32.75%后，连续第二年大幅下滑。 业绩"双杀"主因在于核心业务受挫： 尽管其输变电设备、电力工程等传统业务保持增长，但难抵新能源与煤炭业务拖累。截至2024年9月末，长短期债务达473.23亿元，货币资金及大额存单合 计约275亿元，短期偿债缺口近200亿元。前三季度财务费用攀升至10.9亿元，同比增17%。 豪赌煤制气：隐忧难自 ...

特变电工股份有限公司 特变电工股份有限公司 2025 年第二次临时股东大会会议资料 新疆·昌吉 2025 年 4 月 16 日 特变电工股份有限公司 目 录 | 1、 | 特变电工股份有限公司 | 2025 年第二次临时股东大会会议议程 1 | | --- | --- | --- | | 2、 | 关于投资建设准东 20 亿 | Nm³/年煤制天然气项目的议案 2 | | 3、 | 《特变电工股份有限公司担保管理制度》 | 12 | 特变电工股份有限公司 特变电工股份有限公司 2025 年第二次临时股东大会会议议程 一、现场会议召开时间：2025 年 4 月 16 日（星期三）13:00 二、现场会议地点：新疆维吾尔自治区昌吉市北京南路 189 号公司国际会 议中心 特变电工股份有限公司 2025 年 4 月 16 日 1 三、会议议程： （一）介绍来宾及股东到会情况； （二）审议议案： 1、关于投资建设准东 20 亿 Nm³/年煤制天然气项目的议案； 2、《特变电工股份有限公司担保管理制度》。 （三）股东发言； （四）现场投票表决； （五）选举计票人与监票人并进行现场计票； （六）监票人宣布现场计票结果； ...

Core Viewpoint - TBEA (特变电工) is making a significant investment of over 178 billion yuan in coal-to-natural gas projects in Xinjiang, aiming to leverage its coal resources for cleaner and more efficient utilization, while also seeking new profit avenues [1][9]. Financial Overview - As of September 2024, TBEA's cash flow is under pressure, with monetary funds of 22.55 billion yuan against total debts of 47.32 billion yuan, leading to a financial burden [2][11]. - The company anticipates a net profit of 3.9 billion to 4.3 billion yuan for 2024, a decrease of over 6 billion yuan compared to the previous year, marking a decline of approximately 60 billion yuan [2][4]. Performance Trends - TBEA's net profit is expected to drop significantly in 2024, with a forecasted decline of 59.81% to 63.55% compared to the previous year [4][6]. - The company has experienced a substantial decrease in net profit for two consecutive years, with 2024 projected to be the second year of significant decline since 2020 [5][6]. Investment Strategy - TBEA has been actively expanding its investment portfolio, with recent announcements of nearly 140 billion yuan in projects related to distributed photovoltaic and agricultural storage [9]. - The company plans to finance the new coal-to-natural gas project primarily through bank loans, indicating a reliance on external funding sources [10][11]. Industry Context - The company is facing challenges due to the imbalance in the photovoltaic industry supply and demand, leading to significant losses in its polysilicon business [7]. - The decline in coal prices has also negatively impacted TBEA's coal business profitability, contributing to the overall decrease in performance [7][8].

一、提议人 公司实际控制人、董事长张新。 二、提议情况 特变电工股份有限公司 证券代码：600089 证券简称：特变电工 公告编号：临 2025-021 特变电工股份有限公司关于实际控制人、董事长 提议 2024 年度利润分配预案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 特变电工股份有限公司（以下简称"公司"）今日收到公司实际控制人、董 事长张新先生发来的《关于特变电工股份有限公司 2024 年度利润分配预案的提 议》，现将相关情况公告如下： 公司将根据上述提议内容认真研究，制定合理可行的 2024 年度利润分配方 案，按照相关规定履行审批程序，并及时履行信息披露义务。 上述利润分配预案仅代表提议人的意见，尚须经公司董事会和股东大会审议 批准后方可实施，存在不确定性，敬请广大投资者注意投资风险。 特此公告。 特变电工股份有限公司董事会 2025 年 4 月 8 日 1 基于对公司长期稳健发展的坚定信心，对公司未来发展的良好预期以及对公 司长期价值的高度认可，为提升上市公司投资价值，与投资者共享发展成果，在 符合利 ...

Investment Rating - The report maintains an "Outperform" rating for the chemical industry [6] Core Views - The chemical sector is experiencing a mixed performance, with the overall market indices showing declines, while specific sub-sectors like food and feed additives are performing positively [2][16] - Key investment themes include the competitiveness of domestic tire manufacturers, the potential recovery in consumer electronics, and the resilience of certain cyclical industries [3][4][5] Summary by Sections Market Overview - The Shanghai Composite Index fell by 0.28%, the ChiNext Index by 2.95%, and the CSI 300 by 1.37% during the week [16] - The CITIC Basic Chemical Index decreased by 1.36%, and the Shenwan Chemical Index dropped by 1.19% [16] - The top-performing sub-sectors included food and feed additives (0.65%), membrane materials (0.32%), and potassium fertilizers (0.26) [18] Major Industry Developments - Wanhua Chemical's 1.2 million tons/year ethylene plant commenced production successfully on April 3, 2025 [3][25] - TBEA announced a large-scale coal-to-natural gas project with an investment of approximately 17.034 billion yuan, expected to start production in the fourth year [3] Investment Themes - **Tire Sector**: Domestic tire companies are becoming increasingly competitive, with a focus on scarce growth stocks such as Sailun Tire and Linglong Tire [3] - **Consumer Electronics**: A gradual recovery is anticipated, with upstream material companies expected to benefit from the improving demand in the panel supply chain [4] - **Cyclical Industries**: Emphasis on industries with strong resilience and inventory destocking, particularly in phosphate and fluorine chemicals [5] - **Leading Companies**: As the economy improves, leading companies in the chemical sector are expected to benefit significantly from the recovery in prices and demand [5][10] - **Vitamin Supply**: Attention is drawn to vitamin products due to supply disruptions announced by BASF, which may lead to a supply-demand imbalance [10]

Core Viewpoint - Despite facing performance pressure, TBEA Co., Ltd. (特变电工) has announced a significant investment plan of 170.4 billion yuan in a coal-to-natural gas project to enhance its operational resilience and explore new profit avenues [1][5]. Financial Performance - TBEA's net profit has been declining, with a reported net profit of 107.03 billion yuan in 2023, down 32.75% year-on-year. For 2024, the company expects a net profit of 39 to 43 billion yuan, representing a decrease of 59.81% to 63.55% [2][3]. - The company's revenue for the first three quarters of 2024 was 723.41 billion yuan, a decline of 1.79% year-on-year, with a net profit of 42.97 billion yuan, down 54.17% [2]. Reasons for Performance Decline - The decline in performance is attributed to significant losses in the polysilicon business due to market prices falling below production costs, and a decrease in coal sales prices affecting profitability [2][3]. - TBEA has also made provisions for asset impairments totaling 21.49 billion yuan, including 14.74 billion yuan for polysilicon and related fixed assets, and 6.75 billion yuan for four self-operated photovoltaic power stations [2][3]. Investment in Coal-to-Natural Gas Project - TBEA's investment in the coal-to-natural gas project aims to extend the coal business's industrial chain, optimize the coal industry structure, and improve the efficiency of coal utilization [1][5]. - The project is expected to produce 20 billion cubic meters of natural gas annually, with a construction period of three years and production expected to reach 80% capacity in the fourth year [7]. Industry Context - The coal-to-natural gas industry in China is expanding, with several projects already operational and others in development. The overall industry is currently experiencing good profitability [6]. - TBEA's project aligns with national and regional development strategies, supporting energy security and self-sufficiency in oil and gas [5][7].

Core Viewpoint - The article discusses the latest developments in energy storage technology, highlighting new patents that indicate significant advancements in core technologies, safety measures, and market applications, which are expected to reshape the energy landscape and enhance operational efficiency. Group 1: Network-type Energy Storage Technology - The State Grid's Gansu Electric Power has developed a digital twin network control algorithm that enables millisecond-level adaptive regulation of the grid, reducing frequency fluctuation suppression time from 500ms to 150ms [2] - The State Grid's Hubei Electric Power has created a multi-scenario collaborative network device with a dual-polar topology structure, achieving frequency stability of ±0.1Hz and voltage fluctuation rate of less than 1.5% in island operation mode [4] - Yiwei Lithium Energy has established a real-time battery health state assessment model using the Kalman filter algorithm, compressing the response time for charge and discharge strategy adjustments to 50ms [5][6] Group 2: Essential Safety Technology - CATL has introduced a high-pressure direct-connected energy storage valve system that improves battery capacity degradation prediction accuracy to less than 2%, tripling the precision of traditional models [7] - Sunwoda has developed a three-level linkage protection system that includes temperature, gas, and smoke sensors, ensuring proactive safety measures in energy storage systems [8] - BYD has optimized solid electrolyte interface technology, achieving a room temperature ionic conductivity of 2.3×10^-4 S/cm and a cycle life exceeding 15,000 cycles [9][10] Group 3: Scene-based Innovation - TBEA has integrated a photovoltaic inverter, energy storage system, and DC charging pile into a unified control device, achieving a power factor of 0.98 and meeting Class A energy quality standards [12][13] - Envision Energy has developed a collaborative control algorithm for offshore wind power and energy storage, reducing the cost of electricity by 0.15 yuan per kilowatt-hour [14][15] - State Grid Tianjin Electric Power has implemented a super-fast charging pile that reduced voltage fluctuation rates from 8.2% to 0.8%, increasing daily charging volume by 42% [16][17] Group 4: Patent Competition and Industry Trends - The energy storage patent landscape is witnessing increased technological route differentiation, with companies like Tianneng introducing rapid charging technology for lead-carbon batteries [19] - Cross-industry integration is becoming common, as seen with Midea's multi-mode switching control patent for energy storage systems [20][21] - Material innovations are emerging, such as the modification of silicon-carbon anode materials by Shanshan, which controls expansion rates to within 15% [22] - The new technologies are projected to yield significant economic benefits, with network-type energy storage technology potentially reducing grid transformation costs by 18% [24]

Mergers and Acquisitions, Capital Increases - Xidi Micro plans to issue shares and pay cash to acquire 100% of Chengxin Micro for a transaction price of 100 million yuan [1] - Chengdu Xian Dao intends to acquire approximately 65% of Nanjing Haina Pharmaceutical Technology Co., Ltd [1] - Yiyuan Communication plans to raise no more than 2.3 billion yuan through a private placement for expansion projects related to automotive and 5G modules, AI computing power modules, and upgrading headquarters and R&D centers [1] Shareholding Increases, Transfers, and Buybacks - Ruixin Technology's Kaitou Linding plans to acquire 24.19% of the company's total share capital, changing the actual controller to Huangshan State-owned Assets Supervision and Administration Commission [2] - Qingtang City’s controlling shareholder intends to increase holdings by 1%-2% [2] - Shankai Intelligent's shareholder Liu Tao plans to transfer 5% of his shares to Linchang Investment for a total transfer price of 70 million yuan [2] - Glodon plans to repurchase 5 million to 10 million shares at a price not exceeding 21 yuan per share [2] External Investments and Daily Operations - TBEA's subsidiary Xinjiang Tianchi Energy is investing in a coal-to-natural gas project with a total investment of 17.03 billion yuan, along with a supporting coal supply project costing 808 million yuan [3] - Runjian Co., Ltd. plans to engage in an asset pool business with a budget of up to 5 billion yuan to meet funding needs for its computing network and other business developments [3] - Kuaijishan has raised prices on some key products by 4%-9% [3] - Jiangshan Co. plans to invest 92.777 million yuan in a digital center project [3] - Fuchuang Precision intends to acquire a 21.58% stake in Compart [3] - Wanye Enterprises plans to sell a 21.8539% stake in Zhejiang Puxin for 830 million yuan [3] Performance Changes - Shuanglin Co. expects a net profit growth of 93.35%-132.02% year-on-year in Q1 2025, driven by strong demand in the domestic new energy vehicle market [4] - Tianyuan Environmental Protection anticipates a net profit increase of 80.22%-110.26% in Q1 2025 due to operational capacity release from waste incineration and sewage treatment projects [4] - Hesong New Materials expects a net profit rise of 72.14%-90.07% in Q1 2025 following the production line launch of high-end intelligent composite materials [4] - Satellite Chemical forecasts a net profit growth of 41.79%-61.35% in Q1 2025, attributed to stable production, technological innovations, and market expansion [4] - Helin Micro expects a net profit of approximately 27 million yuan in Q1, marking a turnaround due to increased customer shipments and new market developments [4]