东吴证券近日发布公用事业行业跟踪周报：国家发改委、能源局《关于完善价格机制促进新能源发电就 近消纳的通知》，就近消纳项目电源应接入用户和公共电网产权分界点的用户侧，新能源年自发自用电 量占总可用发电量比例不低于60%，占总用电量比例不低于30%、2030年起新增项目不低于35%。 东吴证券近日发布公用事业行业跟踪周报：国家发改委、能源局《关于完善价格机制促进新能源发电就 近消纳的通知》，就近消纳项目电源应接入用户和公共电网产权分界点的用户侧，新能源年自发自用电 量占总可用发电量比例不低于60%，占总用电量比例不低于30%、2030年起新增项目不低于35%。 以下为研究报告摘要： 投资要点 本周核心观点：（1）国家发改委、能源局《关于完善价格机制促进新能源发电就近消纳的通知》：推 荐工商业屋顶光伏南网能源，关注安科瑞。就近消纳项目电源应接入用户和公共电网产权分界点的用户 侧，新能源年自发自用电量占总可用发电量比例不低于60%，占总用电量比例不低于30%、2030年起新 增项目不低于35%；项目应当具备分表计量条件，由电网企业在发电、厂用电、并网、自发自用、储能 等关口安装计量装置，准确计量各环节电量数据。（2） ...

分析师及联系人 丨证券研究报告丨 行业研究丨行业周报丨公用事业 [Table_Title] 山东新能源竞价结果分化，输配电价新规助力消 纳破局 报告要点 [Table_Summary] 山东 2025 年风电和光伏入选机制电量分别为 59.67、12.48 亿千瓦时，出清价格分别为 0.319、 0.225 元/千瓦时，整体来看，参与申报的风电项目有限且分配的竞价电量规模较大，风电参与 主体报价相对理性，出清电价接近竞价上限，保持合理、稳健的收益预期；而光伏项目竞争激 烈，竞价结果面临较大压力。两部门联合印发《关于完善价格机制促进新能源发电就近消纳的 通知》，明确就近消纳项目的输配电价由两部制改为主要按接网容量缴费，理顺就近消纳项目的 电价机制，推动电网、发电企业、用户实现多方共赢，新能源消纳路径多元化趋势有望加速。 [Table_Author] SAC：S0490517080003 SAC：S0490520120001 SAC：S0490520110001 SAC：S0490523080003 SFC：BQT627 张韦华 司旗 宋尚骞 刘亚辉 请阅读最后评级说明和重要声明 %% %% %% %% 丨证券研 ...

行 业 及 产 业 公用事业 行 业 研 究 / 行 业 点 评 2025 年 09 月 14 日 新能源就近消纳新机制发布 全球气 价涨跌互现 看好 ——申万公用环保周报(25/09/08~25/09/12) 相关研究 证 券 研 究 报 告 证券分析师 王璐 A0230516080007 wanglu@swsresearch.com 莫龙庭 A0230523080005 molt@swsresearch.com 傅浩玮 A0230522010001 fuhw@swsresearch.com 朱赫 A0230524070002 zhuhe@swsresearch.com 研究支持 朱赫 A0230524070002 zhuhe@swsresearch.com 联系人 朱赫 (8621)23297818× zhuhe@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 - ⚫ 电力：山东首个机制电价竞价结果公布，风电优于光伏。9 月 11 日，山东省国网新能源云公示了 2025 年度新能源机制电价竞价出清结果，竞价结果显示 ...

中闽能源分析师会议 调研日期：2025年09月12日 / 机构调研pro小程序 DJvanbao.com 调研行业：电力行业 参与调研的机构：投资者网上提问等 洞见研报 出品 : 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的 ...

Investment Rating - The report maintains a "Positive" investment rating for the green electricity sector [8]. Core Insights - The acceleration of subsidy recovery signals a significant improvement in the financial health of renewable energy operators, enhancing cash flow and potentially allowing for the reversal of previously recognized receivable impairments [2][10]. - The green certificate market is experiencing a recovery, with prices increasing due to improved supply-demand dynamics, which is expected to restore the narrative around the green electricity sector [2][10]. Summary by Sections Subsidy Recovery - In August, several companies received substantial subsidy payments, indicating a faster recovery process for industry-wide subsidies. For instance, Solar Energy, Jinko Technology, and Longyang Energy received subsidies of 1.68 billion, 939 million, and 633 million RMB respectively, accounting for 74.6%, 78.3%, and 74.5% of their annual recovery totals [10]. - The cumulative subsidy recovery from January to August for these companies increased by 258.6%, 340.5%, and 272.0% year-on-year, with total amounts far exceeding the entire recovery for 2024 [10]. Green Certificate Market - The green certificate trading volume reached 68.21 million in July, with a year-on-year increase of 126.08% for the first seven months of 2025. The average price of green certificates rose to 4.61 RMB per unit, a 35.42% increase from the previous month [10]. - The price of green certificates for 2025 has reached 6.88 RMB per unit, reflecting a 6.17% increase, which translates to a compensation of 0.007 RMB per kilowatt-hour for renewable energy generation [10]. Investment Recommendations - The report suggests focusing on quality coal-fired power operators such as Huaneng International, Datang Power, and Guodian Power, as well as hydropower companies like Yangtze Power and State Power Investment Corporation [10]. - For the renewable energy sector, it recommends companies like Longyuan Power, China Nuclear Power, and Zhongmin Energy, highlighting their potential for growth amid favorable policy changes [10].

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company's Q2 performance was negatively impacted by poor wind conditions in Fujian province, leading to a decline in earnings. The report anticipates future approvals for offshore wind projects in Fujian [6][7] - The company is expected to benefit from favorable policies for existing wind power projects, which will help secure return rates [7] - The group has committed to injecting 1.2GW of offshore wind and 1.2GW of pumped storage capacity, which are expected to enhance profitability [7] Financial Summary - For 2023, the company is projected to achieve revenue of 1,732 million RMB, with a year-on-year decline of 3.30%. The revenue is expected to grow to 1,880 million RMB in 2025, reflecting a growth rate of 7.96% [6][8] - The net profit attributable to shareholders is forecasted to be 678 million RMB in 2023, decreasing by 6.94% year-on-year, and is expected to rise to 740 million RMB in 2025, with a growth rate of 13.69% [6][8] - The earnings per share (EPS) is projected to be 0.36 RMB in 2023, increasing to 0.39 RMB in 2025 [6][8] Market Performance - As of September 4, 2025, the closing price of the company's stock is 5.25 RMB, with a yearly high of 6.60 RMB and a low of 4.19 RMB [4] - The total market capitalization is approximately 9,990.73 million RMB [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 重要内容提示： ●会议召开方式：上证路演中心视频和网络互动 ●投资者可于2025年9月5日(星期五)至9月11日(星期四)16:00前登录上证路演中心网站首页点击"提问预 征集"栏目或通过公司邮箱(zmzqb@zmny600163.com)进行提问。公司将在2025年半年度业绩说明会上就 投资者普遍关注的问题进行回答。 中闽能源股份有限公司（以下简称"公司"）于2025年8月28日在上海证券交易所网站 （www.sse.com.cn）披露《中闽能源股份有限公司2025年半年度报告》及摘要，为便于广大投资者更全 面深入地了解公司2025年半年度经营成果、财务状况，公司计划于2025年9月12日上午9:30-11:30召开公 司2025年半年度业绩说明会（以下简称"本次业绩说明会"），就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频结合网络互动召开，公司将针对2025年半年度经营成果及财务指标的具体情况与 投资者进行 ...

Group 1 - The company, Zhongmin Energy (600163), announced plans to hold a 2025 semi-annual performance briefing on September 12, 2025 [1]

Core Viewpoint - Zhongmin Energy Co., Ltd. is holding its first extraordinary general meeting of shareholders in 2025 to discuss several key resolutions, including amendments to the company's articles of association and the establishment of a new offshore wind power project [2][4]. Group 1: Meeting Details - The meeting is scheduled for September 19, 2025, at 14:30, located at the International Building, Fuzhou [4][5]. - Shareholders must register to attend, with the record date set for September 15, 2025 [2][3]. - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [5][3]. Group 2: Proposed Resolutions - Resolution 1 involves amending the company's articles of association to eliminate the supervisory board and transfer its responsibilities to the audit committee [6][7]. - Resolution 2 proposes revisions to the company's shareholder meeting rules to align with recent regulatory changes [7][8]. - Resolution 3 focuses on updating the board meeting rules, also reflecting the removal of the supervisory board [8][9]. - Resolution 4 aims to revise the independent director work system in accordance with new legal requirements [9][10]. - Resolution 5 seeks to amend the related party transaction decision-making system to enhance operational standards [10][11]. - Resolution 6 proposes the investment in the Changle B District offshore wind farm project, with an estimated total investment of 1.177 billion yuan and a projected annual power generation of approximately 456.542 GWh [11][12]. Group 3: Project Economic Viability - The offshore wind farm project has a total installed capacity of 114 MW and is expected to yield a capital internal rate of return of 5.03% [12]. - The project aligns with the company's strategic direction and is anticipated to enhance its market competitiveness in the offshore wind sector [12].

Core Viewpoint - The company, Zhongmin Energy, is set to hold a half-year performance briefing on September 12, 2025, to discuss its operational results and financial status for the first half of 2025, addressing investor concerns through an interactive video format [1][2]. Group 1: Meeting Details - The performance briefing will take place on September 12, 2025, from 9:30 AM to 11:30 AM [2][3]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will utilize video and online interaction for communication [2][3]. - Participants will include the company's Chairman and General Manager, Guo Zheng, along with other key executives and independent directors [2]. Group 2: Investor Participation - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [3]. - Questions can be submitted by investors from September 5 to September 11, 2025, through the Roadshow Center's website or via the company's email [3]. - The company will address commonly raised questions during the performance briefing [3]. Group 3: Contact Information - The contact department for inquiries is the company's Securities Legal Affairs Department [3]. - The contact phone number is 0591-87868796, and the email for questions is zmzqb@zmny600163.com [3]. Group 4: Additional Information - After the briefing, investors can view the meeting's proceedings and key content on the Shanghai Stock Exchange Roadshow Center [3].