本网讯（雷海超）1月30日，三峡集团董事长、党组书记刘伟平在北京与华北电力大学党委书记汪庆华，校长、党委副书记毕天姝座谈。双方就贯彻落实党 的二十届四中全会精神，深化在科技创新、人才培养等方面合作进行深入交流。三峡集团副总经理、党组成员王昕伟，华北电力大学党委常委、副校长刘威 出席。 刘伟平对汪庆华、毕天姝一行来访表示欢迎，对华北电力大学长期以来给予三峡集团的支持和帮助表示衷心感谢。刘伟平表示，华北电力大学是能源电力领 域享有盛誉的全国知名高校，双方在科技攻关、平台建设、人才培养等方面开展长期务实合作，建立了紧密的校企合作关系。希望双方继续发挥各自优势， 聚焦水利水电、清洁能源，围绕"沙戈荒"大基地、海上风电、新型储能等领域持续深化合作，加快推进科技创新和科研平台共建，强化人才支撑、培养和交 流，更好服务能源强国、科技强国和人才强国建设。 汪庆华、毕天姝对三峡集团长期以来给予华北电力大学的大力支持表示感谢。汪庆华、毕天姝表示，双方合作紧密且富有成效，具有坚实合作基础和广阔合 作前景。华北电力大学将聚焦三峡集团高质量发展所需，依托能源电力科学与工程学科群特色优势，携手推进原始创新和关键核心技术攻关，加强科技创新 ...

证券日报网讯1月29日，三峡能源（600905）在互动平台回答投资者提问时表示，公司直接持有金风科 技（002202）股票，金风科技所持有资产与公司不存在股权关系。 ...

证券日报网讯1月29日，三峡能源（600905）在互动平台回答投资者提问时表示，公司控股股东基于对 公司未来发展的信心，计划自2025年4月9日起12个月内通过二级市场增持公司股份，本次增持不设置固 定价格区间，结合资本市场行情择机开展股票增持，公司依法履行披露义务，及时公告增持进展。股价 波动受宏观经济、市场环境、投资者情绪等多种因素影响。 ...

证券研究报告 公用环保 碳价与绿证市场预期升温 华泰研究 2026 年 1 月 28 日│中国内地 动态点评 王玮嘉 研究员 SAC No. S0570517050002 SFC No. BEB090 wangweijia@htsc.com +(86) 21 2897 2079 黄波 研究员 SAC No. S0570519090003 SFC No. BQR122 李雅琳 研究员 liyalin018092@htsc.com +(86) 10 6321 1166 SAC No. S0570523050003 SFC No. BTC420 SAC No. S0570124070105 kangqi@htsc.com 康琪* 联系人 +(86) 10 6321 1166 行业走势图 (6) 4 13 23 32 Feb-25 Jun-25 Oct-25 Jan-26 (%) 公用事业 环保 沪深300 资料来源：Wind，华泰研究 重点推荐 | | | 目标价 | | | --- | --- | --- | --- | | 股票名称 | 股票代码 | (当地币种) | 投资评级 | | 瀚蓝环境 | 60032 ...

华宝贵金 马斯克:中国AI的优势在于电力! 数据中心驱动电力需求增长 | 代码 | 证券简称 细分领域 市值(亿元) 权重(%) | | | | --- | --- | --- | --- | | 600900 长江电力 | 水电 | 6,652.91 10.02 | | | 601985 中国核电 | 核电 | 1,779.13 | 8.36 | | 600905 三峡能源 | 风电 | 1,169.23 | 6.87 | | 600795 国电电力 | 火电 | 898.92 | 5.28 | | 600157 永泰能源 | 火电 | 342.54 | 4.02 | | 600011 华能国际 | 火电 | 1,171.08 | 3.85 | | 600886 国投电力 | 水电 | 1.050.19 | 3.70 | °市场热点 ●Al算力的尽头是电力? 2026年1月23日,财联社报道 称,马斯克在世界经济论坛上表示,中国在AI竞赛中的 决定性优势在于其大规模供应电力的能力。 ● Al技术的快速发展带动数据中心建设爆发式增长. 数据中心耗电量巨大,成为电力需求的核心增长引擎。 数据中心成为电力缺口的主 ...

Core Insights - China has achieved significant advancements in wind power technology, including the development of a 26 MW offshore wind turbine, the highest elevation wind project at 5,370 meters, and the furthest offshore wind project at a distance of 85.5 kilometers [1][2] Group 1: Technological Achievements - The 26 MW offshore wind turbine has a hub height equivalent to over 50 stories and a swept area larger than 10.5 standard football fields [1] - The highest elevation wind project, located in Tibet, utilizes a single blade hoisting technology for the first time above 5,000 meters [1] - The Jiangsu Dafeng 800 MW offshore wind project marks a breakthrough in deep-sea wind power development, with its farthest point located 85.5 kilometers offshore [1] Group 2: Industry Growth and Projections - By 2025, the wind power generation capacity in China is expected to exceed 1 trillion kilowatt-hours, accounting for 10.8% of the national industrial power generation [1] - The installed wind power capacity in China is projected to reach 640 million kilowatts by the end of 2025, representing over 16% of the total power generation capacity [1] - The wind power industry has transitioned from "catching up" to "leading" in global terms, with approximately half of the world's wind power capacity now located in China [1] Group 3: Economic Impact - China's wind power equipment exports account for 70% of the global market, with products reaching over 60 countries and regions [2] - The annual output value of China's wind power industry is approximately 1.2 trillion yuan, supporting over 2 million direct and indirect jobs [2] - The "14th Five-Year Plan" aims to accelerate the construction of integrated renewable energy bases, with an expected addition of over 200 million kilowatts of wind and solar power capacity by 2026 [2]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for renewable energy and gas companies [2][3]. Core Insights - The report highlights a slight increase in overall power generation in 2025, primarily driven by wind and solar energy contributions, while traditional coal power generation shows a decline [8][9]. - The extreme cold weather in the U.S. has led to a significant spike in natural gas prices due to increased demand and supply constraints [18][22]. - The report suggests various investment opportunities across different segments of the energy sector, including coal power, hydropower, nuclear power, renewable energy, and gas companies [18][43]. Summary by Sections 1. Power Generation - In December 2025, total power generation was 858.6 billion kWh, a year-on-year increase of 0.1%. Coal power generation decreased by 3.2%, while renewable sources like wind and solar saw significant growth [10][11]. - For the entire year of 2025, total power generation reached 9715.9 billion kWh, up 2.2% from the previous year, with coal power down by 1.0% and solar power up by 24.4% [15][19]. 2. Natural Gas - As of January 23, 2026, the Henry Hub spot price surged to $30.72/mmBtu, reflecting a week-on-week increase of 903.53%. European gas prices also rose significantly due to low inventory levels and increased demand [20][28]. - The report notes that the extreme cold weather has tightened supply and demand dynamics, leading to higher global gas prices, particularly in Europe and Northeast Asia [22][37]. 3. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their integrated coal and power operations [18]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to favorable conditions for energy storage and reduced capital expenditures [19]. - Nuclear power companies like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [18]. - Renewable energy operators such as Xinte Energy and Longyuan Power are recommended as new market rules enhance the stability of returns [18]. - Gas companies like Kunlun Energy and New Hope Liuhe are suggested for their potential recovery in profitability due to cost reductions and improved pricing mechanisms [43].

证券日报网讯 1月23日，三峡能源在互动平台回答投资者提问时表示，公司2025年1月-9月累计实现利 润总额5528985128.56元，详见《2025年第三季度报告》。 （文章来源：证券日报） ...

证券日报网讯 1月23日，三峡能源在互动平台回答投资者提问时表示，公司坚持把好投资入口关，有所 为有所不为，保障项目满足投资收益要求；始终重视融资成本管控，坚持金融机构竞争性比选，把融资 成本作为主要选择依据；抓住债券市场窗口期，2025年公开发行80亿元低利率中期票据；2025年以来持 续开展提质增效专项行动，把成本管理融入日常工作中、落实到具体举措上；积极落实证监会、国资委 关于市值管理工作要求，制定《市值管理制度》和具体工作方案，努力提升核心竞争力，夯实价值创造 基础。 （编辑 丛可心） ...

证券日报网讯1月23日，三峡能源（600905）在互动平台回答投资者提问时表示，公司控股股东基于对 公司未来发展的信心，计划自2025年4月9日起12个月内通过二级市场增持公司股份，本次增持不设置固 定价格区间，结合资本市场行情择机开展股票增持。公司高度重视股东回报与市值管理工作，自上市以 来持续保持现金分红的连续性和稳定性，每年坚持现金分红，累计分配现金股利达80.13亿元，每年分 红占当年可分配利润均不低于30%。同时，积极落实证监会、国资委关于市值管理工作要求，制定《市 值管理制度》和具体工作方案，努力提升核心竞争力，夯实价值创造基础，持续加强上市公司规范运 作，完善投资者关系管理，提升公司投资价值和股东回报能力。 ...