证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，东方电气定增已于 2025年4月完成。 ...

Core Viewpoint - Dongfang Electric (600875) is actively developing various new energy storage technologies and aims to strengthen its capabilities in the energy storage industry [1] Group 1: Company Developments - Dongfang Electric has a diverse range of energy storage technologies, including electrochemical, molten salt thermal storage, compressed air, carbon dioxide, hydrogen storage, and vanadium flow batteries [1] - The company possesses the ability for system integration and complete supply of core equipment for energy storage solutions [1] - Dongfang Electric plans to continue nurturing its energy storage industry [1]

证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，公司经营持续正常。 ...

证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，东方电气在2025世界 清洁能源装备大会上发布了自主研发的首款15兆瓦纯氢燃气轮机。 ...

证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，东方电气高级管理人 员聘任符合相关法律法规及《公司章程》规定。 ...

Core Viewpoint - The company, Dongfang Electric (600875), reported that its nuclear power orders remain stable as of December 29, according to responses to investor inquiries on its interactive platform [1]. Group 1 - The company has indicated a steady status of nuclear power orders, suggesting a stable demand in this sector [1].

Investment Rating - The report provides a positive investment outlook for various sectors within the energy industry, particularly recommending companies involved in coal power, hydropower, nuclear power, green energy, and gas [1]. Core Insights - The report highlights that in November 2025, the total electricity consumption reached 835.6 billion kWh, marking a year-on-year increase of 6.2%. The growth contributions from the primary, secondary, and tertiary industries, as well as residential consumption, were 2%, 49%, 29%, and 19% respectively [4][6]. - The secondary industry remains the largest contributor to electricity consumption, accounting for over 60% of the total, with significant growth in high-tech and equipment manufacturing sectors [5][6]. - Natural gas prices have shown fluctuations, with the U.S. Henry Hub spot price at $3.31/mmBtu, reflecting a weekly decline of 7.30%. The report notes that the domestic LNG ex-factory price is 3915 yuan/ton, down 2.85% week-on-week [1][16]. Summary by Sections Electricity Sector - In November 2025, the electricity consumption by the first, second, and third industries grew by 7.9%, 4.4%, and 10.3% respectively, while residential consumption increased by 9.8% [4][6]. - The high-tech and equipment manufacturing sectors saw a 6.7% increase in electricity consumption, with automotive manufacturing leading at a 10% growth rate [5][6]. Natural Gas Sector - The report indicates that global gas prices are experiencing slight fluctuations, with the U.S. market showing a significant drop in spot prices. The report anticipates that the demand for natural gas will increase as winter approaches, potentially stabilizing prices [1][16]. - Recommendations include focusing on integrated gas companies and those benefiting from cost reductions and improved profitability due to lower oil prices [39][40]. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their diversified revenue sources [1]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to expected improvements in profit margins from reduced capital expenditures [1]. - Nuclear power firms like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [1]. - In the green energy sector, companies like Xintian Green Energy and Longyuan Power are recommended for their stable returns and increasing operational value [1]. - The report also suggests investment in gas companies like Shenzhen Energy and Kunlun Energy, which are expected to benefit from cost reductions and improved market conditions [1][39].

Market Overview - The other power equipment sector experienced a decline of 0.57% compared to the previous trading day, with Haibosi leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Xinfeng Energy (300593) with a closing price of 31.15, up 3.83%, and a trading volume of 622,600 shares, totaling 1.893 billion yuan [1] - ST Yishite (300376) closed at 6.45, up 3.20%, with a trading volume of 346,900 shares, totaling 224 million yuan [1] - Oulu Tong (300870) closed at 232.90, up 2.68%, with a trading volume of 166,400 shares, totaling 1.540 billion yuan [1] - Decliners included: - Haidao Feitan (688411) closed at 259.79, down 5.03%, with a trading volume of 31,500 shares, totaling 818 million yuan [2] - Xizi Clean Energy (002534) closed at 17.23, down 3.20%, with a trading volume of 140,600 shares, totaling 245 million yuan [2] - ST Huaxi (002630) closed at 2.58, down 3.01%, with a trading volume of 251,200 shares, totaling 65.3 million yuan [2] Capital Flow - The other power equipment sector saw a net outflow of 800.3 million yuan from institutional investors, while retail investors experienced a net inflow of 490 million yuan [2] - The capital flow for specific stocks showed: - Oulu Tong (300870) had a net inflow of 13.5 million yuan from institutional investors, but a net outflow of 139 million yuan from retail investors [3] - Xinfeng Energy (300593) had a net inflow of 54.67 million yuan from institutional investors, with a net outflow of 112 million yuan from retail investors [3] - Keda (002518) had a net inflow of 23.04 million yuan from institutional investors, but a net outflow of 26.74 million yuan from retail investors [3]

Investment Rating - The report maintains a "Positive" outlook on the utility and environmental sectors, indicating potential investment opportunities in these areas [2]. Core Insights - The report highlights that in November, the total electricity consumption in China reached 835.6 billion kWh, representing a year-on-year growth of 6.2%. The contributions from various sectors were: primary industry (7.9%), secondary industry (4.4%), tertiary industry (10.3%), and urban and rural residents (9.8%) [3][8]. - The growth in electricity consumption is primarily driven by the tertiary industry, particularly in sectors related to big data analysis and artificial intelligence services, which saw significant increases in electricity usage [9]. - The report notes that the natural gas market is experiencing slight fluctuations, with LNG prices continuing to decline. As of December 26, the national LNG ex-factory price was 3915 RMB/ton, down 2.85% week-on-week [3][40]. Summary by Sections Electricity Sector - In November, the total electricity consumption was 8356 billion kWh, with a year-on-year increase of 6.2%. The secondary industry contributed 49% to the growth, while the tertiary industry followed with a 29% contribution [10][11]. - The high-tech and equipment manufacturing sectors showed a notable increase in electricity consumption, with a year-on-year growth of 6.7%, surpassing the average growth rate of the manufacturing sector by 2.5 percentage points [9][10]. Natural Gas Sector - The report indicates that global gas prices are experiencing minor fluctuations, with the Henry Hub spot price at $3.31/mmBtu, reflecting a weekly decrease of 7.30%. The TTF spot price in the Netherlands was €27.70/MWh, down 1.42% week-on-week [3][19]. - The report suggests that the LNG ex-factory price in China is under pressure due to high inventory levels and low-cost sea gas resources, leading to a continued downward trend [40][41]. Investment Recommendations - The report recommends several companies based on their performance and market positioning: - For thermal power, companies like Guodian Power, Inner Mongolia Huadian, and Datang Power are highlighted for their integrated coal and power operations [3][17]. - In the hydropower sector, companies such as Yangtze Power and Guotou Power are recommended due to their stable financial performance and reduced capital expenditures [3][17]. - For nuclear power, China National Nuclear Power and China General Nuclear Power are suggested due to their stable cost structures and growth potential [3][17]. - In the green energy sector, companies like Xintian Green Energy and Longyuan Power are noted for their improved returns from stable project yields [3][17].

科技日报记者 刘侠 实习生 孔若溪 近日，东方电气集团所属东方电气长三角（杭州）创新研究院有限公司（以下简称"东长研究院"）与东方电气集团智慧光能有限公司（以下简称"东方光 能"）联合攻关打造的5千瓦钙钛矿—晶硅两端叠层光伏户外实证示范电站，在甘肃酒泉顺利完成调试并正式投运。 东长研究院与东方光能充分发挥"产研协同、优势互补"效能，与多家行业头部高校与企业组成联合攻关团队，依托自主搭建的钙钛矿叠层电池研发平台，攻 关核心技术，相继攻克宽带隙钙钛矿结晶调控、界面缺陷钝化等难题，成功研发出25毫米×25毫米规格的叠层电池，光电转换效率达到28.4%，为高效光伏 技术升级注入新动力。 当前，两端子钙钛矿—晶硅叠层电池技术的研发多集中于实验室，"实验室测试与户外实证脱节"成为制约技术产业化的突出瓶颈。此次建成的甘肃酒泉5千 瓦实证示范电站将有效破解这一瓶颈。该电站将全面监测叠层组件在西北典型干旱气候条件下的发电能力、温度响应特性、光谱利用效率以及长期衰减行 为，可为揭示该类新型电池在复杂自然环境中的老化机制与可靠性演化规律提供数据支撑。 作为我国首个千瓦级钙钛矿—晶硅两端叠层光伏示范电站平台，该项目的建成填补了我国在 ...