Core Points - The National Energy Administration has announced adjustments to the members of the Electric Power Industry Network and Information Security Joint Conference [2][3] - The conference aims to enhance network and information security within the electric power sector [2] Group 1: Leadership Structure - The convener of the conference is He Yang, a member of the Party Leadership Group and Deputy Director of the National Energy Administration [2] - The deputy conveners include key figures from major energy companies such as Huang Xue'nong from the National Energy Administration and Wang Gang from State Grid Corporation [2] Group 2: Member Units - The member units consist of high-ranking officials from various energy companies, including China Southern Power Grid, China Huaneng Group, and China Datang Corporation [2][3] - The list includes representatives from regulatory offices across different regions, ensuring comprehensive coverage of the electric power industry [3] Group 3: Office Structure - The Electric Power Industry Network and Information Security Joint Conference Office is established within the Electric Power Safety Supervision Department of the National Energy Administration [3] - The office is led by Wang Yongjun, who also serves as the Director of the Electric Power Safety Supervision Department [3]

Core Viewpoint - The National Energy Administration has announced adjustments to the members of the Electricity Industry Network and Information Security Joint Conference, indicating a focus on enhancing cybersecurity within the energy sector [1][5]. Group 1: Leadership Structure - The convenor of the conference is He Yang, a member of the Party Leadership Group and Deputy Director of the National Energy Administration [1]. - The deputy conveners include key figures from major energy companies, such as Huang Xue'nong from the National Energy Administration and Wang Gang from State Grid Corporation [1][2]. Group 2: Member Composition - The member list includes high-ranking officials from various energy companies, such as Li Xinsong from China Energy Construction Group and Meng Yanbin from China National Nuclear Corporation, highlighting a collaborative approach to cybersecurity [2][3]. - The conference also includes representatives from regulatory bodies within the National Energy Administration, ensuring a comprehensive oversight mechanism [2][3]. Group 3: Operational Details - The Electricity Industry Network and Information Security Joint Conference Office is established within the Electric Safety Supervision Department of the National Energy Administration, indicating a structured approach to managing cybersecurity initiatives [3][5]. - The office is led by Wang Yongjun, the Director of the Electric Safety Supervision Department, ensuring that cybersecurity efforts are aligned with regulatory standards [5].

污水厂新生产线在建设中。人民网记者 管克江摄 人民网苏斯12月3日电 （记者管克江）突尼斯东部海滨旅游城市苏斯郊区，一处厂区内，曝气池的曝气机隆 隆运转，黑色污水不断翻腾。另一侧，新的曝气池主体结构已经完成，工人正借助机械进一步施工——这里是苏 斯穆萨肯污水处理厂（穆萨肯污水厂），日处理污水能力6000吨。中国电建下属水电十五局目前负责其扩建工 程，建成后处理能力可提升到1.7万吨/天。 "穆萨肯当地急需扩建污水厂。现有污水厂早已满足不了城市发展需求。周边生活着约20万人，每天产生1.3 万吨生活污水。处理不了的污水只能直接排放，对河流和当地环境造成严重影响。"项目经理姬杰表示，项目正有 序推进，确保明年3月份扩建主体工程完工。 中国电建在突尼斯有多年成功"治水"经验。2022年5月，由中方承建的苏斯污水处理厂正式投入使用，每天可 净化5.3万方污水，其中年输出2035万方达标水用于农田灌溉，使当地农作物灌溉成本降低了40%。曾经臭味弥漫 的苏斯河清水复流、水草重生，游客数量稳步增长，就业机会持续增加。依托苏斯项目的成功经验，2023年中国 电建中标穆萨肯污水厂扩建、凯鲁万及福瑞纳污水厂修复项目，持续为突尼斯 ...

据《经济参考报》日前报道，福建省永安抽水蓄能电站在建的下水库工程，被指在大坝施工中存在严重偷工减料问题，工程存在重大安全隐患。该工程由中 国电建子公司水电三局承建。 11月29日，中国电力建设集团(下称中电建集团)发布情况通报称，已成立调查组，将会同有关方面全面调查核实，依法依规处理。中国电建为中电建集团下 属上市公司。 这一事件的背后，是抽水蓄能电站自2022年起的超预期增长，以及抽蓄工程建设"一家独大"的格局。 智通财经见习记者 | 张雨薇 中国电建(601669.SH)正陷入"偷工减料"风波。 中邮证券研报分析称，近些年大量建设抽蓄电站的原因之一是，抽蓄电站相比新型储能、需求侧响应等调节手段，是一种经过时间验证的成熟的大规模长时 储能方式，随着风光渗透率和电网的安全压力的持续提升，抽蓄能够有效缓解电网的安全压力。 此外，其具有逆周期调节和扶贫的双重作用。以2024年抽蓄电站的静态投资水平测算，1 GW的抽蓄电站的静态投资规模为57.7亿元。抽蓄电站的开发能够 有效促进当地基础设施提升和助力乡村振兴。 2021年，国家发改委印发《关于进一步完善抽水蓄能价格形成机制的意见》，明确抽蓄电站的"容量电价+电量电 ...

今日（12月2日），A股震荡走弱，部分高股息风格个股韧性彰显。聚焦"高股息+低估值"大盘蓝筹股的 价值ETF（510030）盘中一度逆市飘红，午后有所回落，截至发稿，场内价格跌0.18%。 成份股方面，银行、保险、石化等板块部分个股涨幅居前。截至发稿，中国石化大涨超2%，中国人 保、南京银行、中国太保等多股跟涨超1%；下跌方面，航运、基建板块部分个股表现不佳，招商轮船 跌超9%，潞安环能、中国电建等跌超1%，拖累板块走势。 | | | 分时 多日 1分 5分 15分 30分 60分 * | | | | | F9 盘前盘后 叠加 九转 画线 工具 @ 2 | | | 价值ETF 1 | | 510030 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 510030[价值ETF] 14:13 价 1.092 涨跌 -0.002(-0.18%) 均价 1.093 股交量 0 IOPV | | | | | | | -0.002 -0.18% | | 1.03 | | | | | ...

Core Points - The 20th "Golden Roundtable Award" ceremony for Chinese listed companies was held in Jiangyin, attended by over 200 guests including executives, scholars, and media representatives, highlighting achievements in corporate governance [1][2][3] - The event recognized over 100 listed companies with a total market value exceeding 10 trillion, including 16 companies with market values over 100 billion [1][2] Group 1 - The opening speech by Li Zhenqiang emphasized the importance of the "Golden Roundtable Award" as a platform for consensus and wisdom, aiming to support the transformation and upgrading of Chinese listed companies [2][3] - Jiangyin's Vice Mayor Ji Zhen highlighted the city's achievements as a manufacturing hub, with 66 listed companies and a total market value exceeding 300 billion, positioning Jiangyin as a leader among county-level cities [5][6] Group 2 - Liu Yunhong, a professor, discussed the development of corporate governance rules in China, identifying six key issues in current practices and advocating for a shift from "formal compliance" to "substantive effectiveness" [12] - Zhu Zhengyi shared insights from Longji Technology's acquisition of Xingke Jinpeng, emphasizing the strategic role of corporate secretaries in governance [12][13] - Su Mei analyzed the trends in the A-share market under the registration system, stressing the importance of value management for high-quality development [15] Group 3 - The award ceremony recognized outstanding companies and individuals in various categories, including "Most Influential Independent Director" and "Excellent Board of Directors," showcasing achievements in governance and value creation [18][20][33] - The "Best Board of Directors" award was presented to leading companies such as Weichai Power and China Ping An, reflecting their exemplary governance practices and strategic foresight [33][36]

Group 1 - Wang Xiaojun has been appointed as the Deputy Secretary of the Party Committee and Director of China Power Construction Group Co., Ltd., and nominated as the candidate for General Manager [2] - Wang Xiaojun has nearly 30 years of experience in the electric power construction industry, with a career that includes various leadership roles and extensive international project experience [2] - The global power infrastructure is facing significant challenges and opportunities due to the AI computing power revolution [2] Group 2 - The power gap for data centers in the U.S. is expected to reach 49 GW between 2025 and 2028, driven by the intensive investment from tech giants in computing infrastructure [3] - The annual electricity consumption of generative AI is projected to surge from 7 TWh in 2023 to 393 TWh by 2028, with a compound annual growth rate exceeding industry expectations [3] Group 3 - Under Wang Xiaojun's leadership, China Power Construction is expected to enhance its focus on the "computing and electricity integration" new track, as highlighted in recent national policies [4] - The "computing and electricity collaboration" initiative is part of key tasks outlined in national plans aimed at promoting the synergy between computing power and electricity [4] - China's computing center electricity consumption is projected to grow from 82.4 billion kWh in 2019 to 166 billion kWh in 2024, with a compound annual growth rate of 15% [4] Group 4 - China Power Construction is actively pursuing strategic transformation and high-quality development, focusing on new industry cultivation, technological innovation, and digital transformation [5] - The company aims to expand its "water" business, promote high-quality development of its "energy" business, and explore the potential of its "city" business while increasing the scale of its "data" business [5] - Wang Xiaojun's technical background is expected to help China Power Construction identify new growth points in the rapidly changing energy landscape, particularly in hydropower and new energy projects [5]

Industry Investment Rating - The steel industry maintains an "overweight" rating [49] - The real estate industry maintains an "overweight" rating [57] - The insurance industry maintains an "overweight" rating [86] Core Viewpoints - Global risk preferences have significantly declined, leading to asset price fluctuations and panic selling. However, China's capital market is expected to recover in valuation and experience significant development, with A/H shares, industrial commodities recommended for tactical overweight, and US dollars for tactical underweight [20][21] - The Fed's expected interest rate cut in December has risen significantly, and the market is highly concerned about the Fed's monetary policy. The Chinese economy is expected to gradually stabilize, and the policies of various industries will promote the improvement of industry fundamentals [8][15] - The technology theme is expected to return to the main line, and themes such as commercial space, AI applications, robots, and domestic demand consumption are worthy of attention [29] Summary by Directory Macro Reports - **Global Asset Performance**: From November 24 - 28, 2025, major global stock markets rose, commodities generally increased, the 10 - year US Treasury yield remained unchanged, the US dollar index fell, and the RMB appreciated against the US dollar [5] - **US Economy**: Manufacturing new orders increased, housing price growth slowed, and consumer growth also slowed [6] - **European Economy**: Business confidence in the eurozone stabilized [7] - **Overseas Policies**: The Fed's expected interest rate cut in December rose to 80%, the ECB President said the current interest rate was appropriate, the UK's budget faced a "technical leak", Japan's bond - issuing plan tilted towards short - term bonds, and the BOJ's December interest rate hike expectation did not increase [8][9][10] - **China's Economy**: Consumption, investment, and production showed structural differentiation. The manufacturing PMI marginally rebounded due to improved external demand, and the construction industry's business activity index also increased marginally, but the service industry's declined [13][15] Asset Allocation Report - **A/H Shares**: Tactical overweight is maintained due to multiple factors supporting China's equity performance, such as the release of micro - trading risks and the approaching policy window [20] - **Treasury Bonds**: Tactical standard allocation is maintained because of the imbalance between financing demand and credit supply, and the central bank may take action to maintain market liquidity [20] - **Industrial Commodities**: Tactical overweight is maintained as industrial metals like copper may face supply - demand imbalances, with strong demand and increasing development costs [21] - **US Dollars**: Tactical underweight is maintained as the Fed's policy adjustment and the marginal convergence of the US economy reduce the dollar's allocation value [21] Strategy Reports - **Asset Overview**: Global risk preferences recovered, stocks and commodities rose, silver and copper prices hit record highs, and the dollar index weakened. A - shares and other major global stock markets generally rebounded, and the bond market showed a pattern of a bearish steepening in China and a bullish steepening in the US [23][24][25] - **Theme Analysis**: The trading heat of hot themes was stable, the technology theme returned, and funds flowed into AI and communication. Themes such as commercial space, AI applications, robots, and domestic demand consumption are recommended [29] Overseas Strategy Reports - **Fund Flows**: North - bound funds may have a small net inflow, and south - bound funds' inflow into e - commerce and retail reached a new high since October. Overseas funds showed different flow trends in different markets [36][37] - **Policy Tracking**: Domestic policies covered macro, industrial, and local aspects, and overseas policies included diplomatic, economic, and interest - rate - related policies [39][40][43] Industry Reports - **Steel**: Demand is expected to stabilize, supply is expected to contract, and the industry's fundamentals are expected to gradually recover. Companies with product and cost advantages are recommended [45][48][49] - **Utilities**: The proportion of long - term contract electricity in 2026 is expected to decrease, electricity prices may have limited declines, and the industry's valuation is expected to improve [52] - **Real Estate**: The transaction volume in large and medium - sized cities rebounded, and the spot - housing sales are beneficial to the industry's healthy development [57][58] - **Food and Beverage**: CPI data has boosted the sector's expectations. Different sub - sectors such as liquor, beverages, and snacks have corresponding investment recommendations [62] - **Robotics**: Overseas and domestic companies have made progress in the field of humanoid robots, and investment in this field is active. Core component suppliers and整机 manufacturers are recommended [67][68][69] - **Machinery**: The weekly operating load rate of industrial gases increased, and important projects such as the second - phase of the Huanneng Jintan salt - cavern compressed - air energy - storage project advanced. Related companies are recommended [73][74][75] - **Insurance**: In October 2025, the growth rate of life and property insurance premiums declined marginally. The industry is optimistic about the growth of the life insurance's new business value (NBV) in the 2026 opening season and the continuous improvement of the property insurance's combined ratio (COR) [83][84][85] - **Agriculture**: Corn prices rose, the pet food market showed different trends at home and abroad, and the pig - breeding industry needs to pay attention to the epidemic and demand. Related companies in different sub - sectors are recommended [88][89][90] - **Textile and Apparel**: The US clothing retail industry showed growth, and the overseas K - shaped consumption trend continued. Export - manufacturing and brand - end companies are recommended [93][94][95]

Core Insights - A total of 21 buy ratings were issued by institutions today, covering 20 stocks, with Guizhou Moutai receiving the highest attention with two buy ratings [1][2] - Among the rated stocks, 11 provided future target prices, with 7 stocks showing an upside potential exceeding 20%, led by Guizhou Moutai with a target price of 2600.00 CNY, indicating a potential increase of 79.56% [1][2] - The average increase for stocks with buy ratings today was 0.82%, outperforming the Shanghai Composite Index, with notable gainers including Hu Guang Co., Sophia, and Shenzhou Digital [1][2] Company Summaries - Guizhou Moutai received a strong buy rating from Huachuang Securities with a target price of 2600.00 CNY, compared to the latest closing price of 1448.00 CNY [2] - Dongpeng Beverage also received a strong buy rating from Huachuang Securities with a target price of 340.00 CNY, latest closing at 269.03 CNY [2] - Shenzhou Digital was rated as "Increase" by Guotai Junan with a target price of 55.97 CNY, latest closing at 41.27 CNY [2] - Hu Guang Co. was rated as "Strong Buy" by Huachuang Securities with a target price of 37.90 CNY, latest closing at 31.30 CNY [2] - Other notable stocks include Jerry Shares, which was rated "Increase" with a target price of 73.20 CNY, latest closing at 62.07 CNY [2] Industry Insights - The basic chemical industry was the most favored, with stocks like Huhua Co. and Chuanheng Co. receiving buy ratings [2] - The computer and automotive industries also attracted attention, with two stocks each receiving buy ratings [2]

2025.12. 01 本文字数：532，阅读时长大约1分钟 报道称，用于加固坝肩边坡岩土体的数百根锚筋桩存在严重质量缺陷：实际施工长度大幅缩水，部分 桩长甚至不足设计标准的三分之一。更为严重的是，多数锚筋桩未按规范要求进行水泥砂浆灌注，施 工方仅在桩孔口进行简单封浆处理以应付检查。 11月29日深夜，中国电力建设集团有限公司发布情况通报称，针对媒体反映福建永安抽水蓄能电站 施工过程中存在的质量等问题，中国电建高度重视，已成立调查组，将会同有关方面全面调查核实， 依法依规处理。 图源：中国电力建设集团有限公司微信公众号 据《经济参考报》 此前 报道，福建省永安抽水蓄能电站在建的下水库工程，被指在大坝施工中存在 严重偷工减料问题。 推荐阅读 万科突发公告，一笔境内债将寻求展期 该工程由中国电建子公司水电三局和水电十六局等单位承建。该工程的监理单位浙江华东工程咨询有 限公司为设计单位中国电建集团华东勘测设计研究院有限公司的全资子公司，而华东勘测设计院又为 中国电建集团的全资子公司。涉嫌偷工减料工程的设计方、施工方与监理方同属于中国电建。 微信编辑 | 七三 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 ...