Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating potential investment opportunities in these areas [1]. Core Insights - The 2026 long-term electricity prices are under pressure, with significant declines observed in transaction prices across various provinces, reflecting a shift in the power generation model from reliance on thermal power to a more diversified income structure [6][7]. - Natural gas consumption saw a year-on-year increase of 5.1% in November 2025, indicating a recovery in demand, particularly due to heating needs during the winter season [34]. - The report highlights the importance of optimizing the electricity market mechanism and restructuring the power generation mix as key future trends [7]. Summary by Sections 1. Electricity: 2026 Long-term Electricity Prices - The annual transaction results for 2026 show a total transaction volume of 2,724.81 billion kWh in Jiangsu, with a weighted average price of 344.19 yuan/MWh, down 16.55% from the previous year [6][8]. - Similar trends are observed in Guangdong and Anhui, with prices decreasing by 5.03% and 10.09% respectively [6][8]. - The report suggests that coastal provinces will face significant pricing pressure in 2026, as the role of thermal power shifts from being the main energy source to a regulatory support role [7]. 2. Gas: November Natural Gas Consumption - In November 2025, the apparent consumption of natural gas reached 362.8 billion m³, marking a 5.1% increase year-on-year, while the total consumption from January to November was 3,880 billion m³, a slight decline of 0.1% [34]. - The report notes that the increase in consumption is attributed to a low base from the previous year and a recovery in industrial gas demand [34]. - The report also highlights a favorable trend in natural gas pricing, with a decrease in costs due to lower international oil prices and improved supply conditions [36]. 3. Investment Analysis Recommendations - For thermal power, the report recommends companies with integrated coal and power operations, such as Guodian Power and Inner Mongolia Huadian, as well as those with significant large unit ratios like Datang Power and Huaneng International [10]. - In the hydropower sector, companies like Yangtze Power and Guotou Power are recommended due to their sufficient capacity and expected improvements in profit margins [10]. - The report suggests focusing on nuclear power companies like China Nuclear Power and China General Nuclear Power, which have stable cost structures and high utilization hours [10]. - For green energy, companies such as Xintian Green Energy and Longyuan Power are highlighted for their stable returns and increasing operational benefits from environmental value releases [10].

证券日报网讯1月4日，三峡能源（600905）发布公告称，控股股东三峡集团自2025年4月9日启动15亿元 至30亿元增持计划以来，截至本公告日，已通过集中竞价累计增持公司1.87亿股，占总股本0.65%，累 计增持股份的金额为799，392，799.54元。本次增持计划尚未实施完毕。 ...

格隆汇1月4日丨三峡能源(600905.SH)公布，三峡集团近日通过上海证券交易所交易系统以集中竞价方 式增持公司股份84万股，占公司总股本比例约为 0.003%。自本次增持计划披露以来，截至本公告日， 三峡集团已通过上海证券交易所系统以集中竞价方式累计增持公司股份187,128,095股，占公司总股本比 例约为0.65% ，累计增持股份的金额为799,392,799.54元。本次增持计划尚未实施完毕。 ...

证券代码：600905 证券简称：三峡能源 公告编号：2026-002 中国三峡新能源（集团）股份有限公司 控股股东增持股份进展公告 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。 重要内容提示： 增持计划基本情况：中国三峡新能源（集团）股份有限 公司（以下简称公司）于 2025 年 4 月 9 日披露了《中国 三峡新能源（集团）股份有限公司关于控股股东增持计 划的公告》（公告编号：2025-010），公司控股股东中国 长江三峡集团有限公司（以下简称三峡集团）计划在未 来12个月内通过二级市场增持公司股份，包括集中竞价、 大宗交易等交易方式，增持金额不低于人民币 15 亿元、 不高于人民币 30 亿元,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，资金来源为三峡集 团自有资金或金融机构增持股票专项贷款等。 增持计划进展情况：三峡集团近日通过上海证券交易所 交易系统以集中竞价方式增持公司股份 840,000 股，占公 司总股本比例约为 0.003%。自本次增持计划披露以来， 截至本公告日，三峡集团已通过上海证券 ...

Core Insights - The article highlights the operation of China's first intelligent unmanned wind farm, the Sanxia Energy Ningxia Tongli Third Wind Farm, located in Wuzhong City, Ningxia, with a total installed capacity of 70 megawatts [2][4][6][8] - The wind farm operates efficiently without the presence of maintenance personnel, utilizing over 300 intelligent "employees" including drones, quadruped robots, and rail inspection robots for various tasks [2][4][6][8] Summary by Category Company Overview - Sanxia Energy is pioneering the development of intelligent unmanned wind farms in China, showcasing advanced technology in renewable energy [2][4][6][8] Technology and Operations - The wind farm employs a total installed capacity of 70 megawatts, demonstrating a shift towards automation in energy production [2][4][6][8] - The absence of traditional operational staff is replaced by a fleet of over 300 intelligent devices, indicating a significant advancement in operational efficiency and safety [2][4][6][8]

Core Insights - The largest all-vanadium flow battery energy storage station in China, operated by the Three Gorges Group, has achieved full-capacity operation, marking a significant breakthrough in large-capacity, long-duration energy storage technology in the country [1][3] Group 1: Project Details - The energy storage station is located in Jimusaer County, Changji Prefecture, Xinjiang Uygur Autonomous Region, with a rated power of 200,000 kilowatts and a storage capacity of 1,000,000 kilowatt-hours [3] - The station can store excess electricity generated during peak solar hours and release it during nighttime or peak demand periods, potentially increasing the utilization rate of the associated photovoltaic power station by over 10% annually, with a maximum additional generation of over 230 million kilowatt-hours of clean electricity [3] Group 2: Industry Context - China is the world's largest producer of vanadium resources, accounting for 72% of global vanadium product capacity, leading the world in this sector [3]

公司于 2021 年 6 月 3 日分别与中国农业银行股份有限 公司北京宣武支行营业部、中国工商银行股份有限公司北京 樱桃园支行、招商银行股份有限公司北京分行营业部、上海 浦东发展银行北京宣武支行、华夏银行股份有限公司北京西 客站支行及保荐机构中信证券股份有限公司签订《募集资金 专户存储三方监管协议》，并按要求对募集资金进行专户存 储。 三、募集资金专户销户情况 证券代码：600905 证券简称：三峡能源 公告编号：2026-001 中国三峡新能源（集团）股份有限公司 关于注销募集资金监管专户的公告 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。 一、募集资金基本情况 根据中国证券监督管理委员会《关于核准中国三峡新能 源（集团）股份有限公司首次公开发行股票的批复》（证监 许可〔2021〕1438 号），中国三峡新能源（集团）股份有限 公司（以下简称公司）公开发行人民币普通股股票 857,100 万股，每股发行价格为人民币 2.65 元。截至 2021 年 6 月 4 日，公司实际已向社会公众公开发行人民币普通股股票 857,1 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600905 证券简称：三峡能源 公告编号：2025-070 中国三峡新能源（集团）股份有限公司 第二届董事会第四十五次会议决议公告 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。 中国三峡新能源（集团）股份有限公司（以下简称公司）第二届董事会第四十五次会议于2025年12月30 日在北京以现场结合通讯方式召开，会议通知已于2025年12月25日以电子邮件方式发出，并于2025年12 月29日以电子邮件方式发出增加议案的补充通知。本次会议应出席董事9名，实际出席董事6名，赵增海 董事委托蔡庸忠董事、杜至刚董事和胡裔光董事委托王永海董事出席会议并代为行使表决权。公司部分 高级管理人员列席了会议。会议的召集召开符合《公司法》《公司章程》的有关规定，会议合法有效。 会议由朱承军董事长主持，以记名投票方式表决，形成决议如下： 一、审议通过《关于公司〈"十四五"法治合规工作总结〉的议案》 本议案经审计与风险管理委员会审议通过。 表决结果：同意9票，反对0票，弃权0票。 二、审议 ...

（文章来源：每日经济新闻） 三峡能源（600905.SH）12月30日在投资者互动平台表示，当前CCER处于市场初期，交易规模有限。 未来随着CCER市场进一步成熟、活跃度不断提升，CCER交易规模及收益预计向好发展。 每经AI快讯，有投资者在投资者互动平台提问：公司海上风电的ccer收益情况如何？ ...

证券日报网讯 12月30日，三峡能源发布公告称，三峡能源第二届董事会第四十五次会议审议通过《关 于公司的议案》等。 （文章来源：证券日报） ...