Core Viewpoint - Recently, a new company named Green Energy (Weihai Rushan) New Energy Co., Ltd. was established, focusing on various energy-related services and technologies [1] Group 1: Company Overview - The legal representative of the newly established company is Sun Wei [1] - The registered capital of the company is 91.1497 million yuan [1] - The business scope includes power generation, power transmission, power supply (distribution) services, wind power technology services, centralized fast charging stations, and seawater desalination [1] Group 2: Ownership Structure - The company is indirectly wholly owned by Guodian Power [1]

Core Viewpoint - A new company named Guoneng Daduhe (Danba) Hydropower Development Co., Ltd. has been established with a registered capital of 3.6 billion yuan, focusing on hydropower and related services [1]. Group 1: Company Formation - The new company was established on November 21, with a registered capital of 3.6 billion yuan and is represented by Zhu Yongguo [1]. - The company's business scope includes hydropower generation, transmission, distribution, and construction services, as well as solar and wind power technology services [1]. Group 2: Shareholders and Investment - The shareholders of the new company include Guodian Power, Sichuan Tieneng Power Development Co., Ltd., and Contemporary Amperex Technology Co., Ltd. (CATL) [1]. - The company will engage in investment activities using its own funds [1].

国家企业信用信息公示系统显示，11月21日，国能大渡河（丹巴）水电开发有限公司成立，注册资本36亿元，法定代表人朱永国。 该公司经营范围包含许可项目：水力发电；发电业务、输电业务、供（配）电业务；建设工程施工；输电、供电、受电电力设施的安装、维修和试验。一 般项目：太阳能发电技术服务；风力发电技术服务；工程管理服务；工程技术服务（规划管理、勘察、设计、监理除外）；通用设备修理；电气设备修 理；以自有资金从事投资活动。 股东及出资信息显示，该公司由国电电力旗下国能大渡河流域水电开发有限公司、四川铁能电力开发有限公司、宁德时代新能源科技股份有限公司共同持 股。 来源：国家企业信用信息公示系统 索比光伏网 https://news.solarbe.com/202511/26/50013464.html ...

Core Insights - The project at the Fuxin Power Company, part of the National Energy Investment Group's Fuxin Wind-Fire Heat Storage Integration Base, has successfully completed the installation of the steel structure for the 5th boiler, marking a significant milestone in the construction process [1] - The Fuxin Wind-Fire Heat Storage Integration Base is the first substantial coal and renewable energy joint project in Liaoning, featuring a 1000 MW wind power base, two 350 MW combined heat and power units, and a 400 MW shared energy storage station, with an annual power generation capacity of 5.3 billion kWh [1] - The project aims to meet the heating demand for 16 million square meters and gradually replace 25 small coal-fired boilers in the area [1] Project Development - The construction of the Fuxin Power Company's expansion project includes two 350 MW supercritical combined heat and power units, along with environmental facilities for flue gas desulfurization and denitrification, emphasizing high efficiency, low emissions, and low energy consumption [1] - Key construction activities currently focus on the installation of the 6th boiler's steel framework, turbine foundation pouring, and desulfurization tower construction, with the first unit expected to be operational by October 2026 and the second unit by December 2026 [1] Integrated Energy Model - The project promotes an integrated cooperation model of "thermal power + renewable energy + energy storage + heating," effectively combining the advantages of renewable wind energy, the reliability of thermal power, and the peak-shaving capabilities of shared energy storage [2] - This model aims to ensure the safe and stable development of the power system, facilitating the deep integration of traditional and renewable energy sources to accelerate the establishment of a clean, efficient, advanced energy-saving, and stable new energy system [2]

（编辑 郭之宸） 本报讯 （记者袁传玺）天眼查工商信息显示，近日，国能大渡河（丹巴）水电开发有限公司成立，注册资本36亿元，经营 范围含水力发电，发电业务、输电业务，建设工程施工等。股东信息显示，该公司由国电电力旗下国能大渡河流域水电开发有 限公司、四川铁能电力开发有限公司、宁德时代共同持股。 ...

人民财讯11月24日电，企查查APP显示，近日，国能大渡河(丹巴)水电开发有限公司成立，法定代表人 为朱永国，注册资本36亿元人民币，经营范围含水力发电，发电业务、输电业务、供(配)电业务等。企 查查股权穿透显示，该公司由国电电力（600795）旗下国能大渡河流域水电开发有限公司、四川铁能电 力开发有限公司、宁德时代（300750）共同持股。 ...

| | 章公司 都在用的商业查询工具 | 童老板 查关系 查风险 | | | | | --- | --- | --- | --- | --- | --- | | | 国家中小企业发展子基金旗下机构 | 国能大渡河(丹巴)水电开发有限公司 | × 天眼一下 | H 应用 · | | | 基本信息 17 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | | | 工商信息 ● | | | | | | | 工商信息 历史工商信息0 | | | | | | | 企业名称 | 国能大渡河(丹巴)水电开发有限公司 | | | | | | 法定代表人 | 朱 朱永国 | 登记状态 ② | 存续 | | 天間 | | | | 成立日期 | 2025-11-21 | | | | 统一社会信用代码 2 | 91513323MAK0LB0084 | 注册资本 ② | 360000万人民币 | | र्टी से | | 工商注册号 | 513323000009625 | 纳税人识别号 ② | 91513323MAK0LB0084 | | हैं रहा | | 营业期限 | 2025-11-21 至 无固定期限 | 纳税人 ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending various companies within these industries based on their performance and market conditions [2]. Core Insights - The report highlights a significant increase in electricity consumption in October, with a year-on-year growth of 10.4%, driven primarily by the tertiary sector and residential usage [5][10]. - Natural gas prices exhibit mixed trends globally, with U.S. prices rising while European prices are stabilizing [22][30]. - The report provides specific investment recommendations across various segments, including hydropower, green energy, nuclear power, thermal power, and gas [20][21]. Summary by Sections 1. Electricity Sector - In October, total electricity consumption reached 857.2 billion kWh, marking a 10.4% increase year-on-year. The first, second, and third industries, along with residential consumption, saw growth rates of 13.2%, 6.2%, 17.1%, and 23.9%, respectively [12][10]. - The tertiary sector's electricity consumption grew the fastest, particularly in internet data services related to big data and AI, which surged by 46% [11]. - The report notes that the second industry contributes over 60% of total electricity consumption, with high-tech and equipment manufacturing showing significant growth [11][12]. 2. Gas Sector - As of November 21, U.S. Henry Hub spot prices were $4.13/mmBtu, reflecting an 18.33% weekly increase, while European gas prices showed slight declines [22][30]. - The report indicates that U.S. natural gas supply remains robust, with a notable increase in LNG demand, contributing to rising prices [24][25]. - Recommendations include focusing on integrated gas companies and those benefiting from cost reductions and increased sales, such as Kunlun Energy and New Hope Energy [44]. 3. Weekly Market Review - The report notes that the public utility, gas, and power equipment sectors underperformed compared to the Shanghai and Shenzhen 300 index during the week of November 17 to November 21 [47]. 4. Company and Industry Dynamics - The report discusses the commissioning of China's highest-altitude wind power project in Tibet, which is expected to provide significant clean energy and economic benefits to the local community [50][53]. - It also highlights various local government initiatives aimed at promoting green electricity and renewable energy projects, including direct connections for green electricity [54][55].

天眼查工商信息显示，近日，国能大渡河（丹巴）水电开发有限公司成立，法定代表人为朱永国，注册 资本36亿人民币，经营范围含水力发电，发电业务、输电业务、供（配）电业务，建设工程施工，太阳 能发电技术服务，风力发电技术服务，工程管理服务，工程技术服务，以自有资金从事投资活动等。股 东信息显示，该公司由国电电力（600795）旗下国能大渡河流域水电开发有限公司、四川铁能电力开发 有限公司、宁德时代（300750）共同持股。 ...

Investment Rating - The report maintains a "Positive" investment rating for the utility sector [8] Core Insights - Guangdong has proposed a mechanism for sharing excess profits among electricity sales companies, which is expected to rationalize pricing behavior and reduce speculative pricing in the market [2][11] - The new policies aim to guide electricity sales companies to shift from a speculative pricing model to a service-oriented model, thereby stabilizing electricity prices and ensuring reasonable returns [11] - The report highlights that the profitability of independent electricity sales companies in Guangdong has increased, leading to a significant rise in the number of companies participating in the electricity market [11] Summary by Sections Electricity Sales Companies - Guangdong's new policy will share excess profits from electricity sales companies with retail users, compressing the arbitrage space and promoting rational pricing [2][11] - The shift in business model from arbitrage to providing value-added services is expected to stabilize market pricing and reduce irrational competition [11] Market Trends - The report notes that the average profit per kilowatt-hour for independent electricity sales companies in Guangdong reached 3.22 cents in the first half of 2025, an increase from 3.1 cents in 2024 [11] - The number of electricity sales companies in Guangdong rose from 257 in 2024 to 350 in 2025, a 36% increase, indicating strong market interest [11] Investment Recommendations - The report recommends 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 [11] - It also suggests investing in renewable energy companies like Longyuan Power and China Nuclear Power, which are expected to benefit from favorable policy changes [11]