Core Viewpoint - The successful commissioning of the Zhangye Power Plant's 3rd unit marks a significant advancement in the development of the Hexi Corridor energy base, enhancing the region's clean energy capabilities and supporting the transition to a low-carbon energy system [1][3]. Group 1: Project Details - The Zhangye Power Plant's expansion includes two 1000 MW ultra-supercritical coal-fired units, which are designed to provide stable power supply, clean heating, and peak load regulation [3]. - The project has achieved a coal consumption rate of 281.101 grams per kilowatt-hour, a plant use electricity rate of 4.275%, and a water consumption of 0.054 cubic meters per gigawatt-second [3]. Group 2: Environmental Impact - The project features advanced indirect air cooling systems and a comprehensive wastewater treatment system, achieving zero evaporation of cooling water, zero discharge of rainwater, and zero wastewater discharge [3]. - The plant also aims for zero fuel consumption and near-zero emissions of flue gas, setting a new benchmark for green power plants [3]. Group 3: Regional Benefits - The commissioning of the project is expected to significantly meet the growing load demand in Gansu Province, enhancing the safety and stability of the Hexi power grid and its peak load regulation capabilities [3]. - The project supports the development and consumption of wind and solar energy in the Hexi Corridor, contributing to the region's green and low-carbon energy transition [3].

Core Insights - The successful trial of the world's largest 5000 square meter high-altitude wind energy capturing umbrella marks a significant step in China's high-altitude wind power technology for engineering applications [1][2] Group 1: High-altitude Wind Power Technology - High-altitude wind power utilizes airborne components tethered to capture wind energy above 300 meters, converting it into electrical energy [2] - The tested system is a tethered umbrella-style ground-based high-altitude wind power generation system, featuring a three-tier energy transfer path: airborne energy capture, cable energy transmission, and ground power generation [2] - The airborne umbrella system is the largest of its kind globally, with aerodynamic optimizations enhancing its wind capture efficiency [2] Group 2: Advantages and Opportunities - Traditional wind power faces limitations due to the scarcity of high-quality near-surface wind resources and the inherent intermittency of wind energy, which challenges grid stability [3] - High-altitude wind energy, located between 300 meters and 10,000 meters, offers a vast and underutilized resource with theoretical reserves exceeding global electricity consumption by over 100 times [3] - High-altitude wind energy provides significant advantages, including increased energy density, stable wind direction and speed, and widespread global distribution, addressing the stability and peak-shaving needs of new power systems [3] Group 3: Application Scenarios - The first engineering trial project for high-altitude wind energy in China, located in Anhui, successfully generated power using the umbrella-style ground-based technology, with a total installed capacity at the megawatt level [4] - The umbrella-style ground-based technology exhibits commercial potential and application flexibility, supporting various deployment schemes such as vehicle-mounted, distributed, and centralized systems [5] - Potential applications include providing clean power for remote areas, emergency support in urban settings, and complementing other energy sources like thermal and solar power to enhance overall system resilience [5]

Core Insights - The successful launch of the world's largest 5000 square meter high-altitude wind energy capturing umbrella marks a significant step in China's high-altitude wind power technology and its engineering application [1][2] Group 1: High-altitude Wind Power Technology - High-altitude wind power utilizes tethered airborne components to capture wind energy above 300 meters, converting it into electrical energy [2] - The tested system is a tethered umbrella-style ground-based high-altitude wind power generation system, featuring a three-tier energy transfer path: airborne energy capture, cable energy transmission, and ground power generation [2] - The airborne umbrella system is supported by a helium balloon for initial lift, using a working umbrella to capture wind energy, with a cable made of ultra-high molecular polyethylene capable of withstanding hundreds of tons of tension [2] Group 2: Advantages and Opportunities - Traditional wind power faces limitations due to the scarcity of high-quality wind fields and the intermittent nature of wind energy, which challenges grid stability [3] - High-altitude wind energy presents a strategic opportunity, with theoretical reserves exceeding 100 times the global electricity consumption, offering higher energy density and more stable wind conditions [3] - The umbrella-style ground-based technology shows significant commercial potential and application flexibility, supporting various deployment scenarios such as mobile, distributed, and centralized systems [4][5] Group 3: Application Scenarios - The technology can be deployed in wind-rich areas like Inner Mongolia and Qinghai, creating a three-dimensional energy matrix in collaboration with wind and solar bases [5] - It can provide clean power for off-grid locations, such as remote outposts and high-altitude research stations, and serve as an emergency response system in urban areas [5] - The technology enhances the resilience of multi-energy systems by complementing traditional power sources like thermal and solar energy [5]

Core Viewpoint - China Energy Construction Co., Ltd. has announced its third-quarter report for 2025 and plans to hold a performance briefing on November 26, 2025, to address investor concerns [1] Group 1 - The company released its third-quarter report for 2025 on October 31, 2025 [1] - A performance briefing is scheduled for November 26, 2025, from 15:00 to 16:00 [1] - The briefing aims to facilitate communication regarding issues of interest to investors [1]

（股份代號：3996） 海外監管公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA ENERGY ENGINEERING CORPORATION LIMITED* （在中華人民共和國註冊成立的股份有限公司） 本公告乃由中國能源建設股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上 市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站刊發的《中國能源建設股份有限公司關於召開2025年 第三季度業績說明會的公告》，僅供參閱。 承董事會命 中國能源建設股份有限公司 副董事長 倪真 中國，北京 2025年11月17日 於本公告日期，本公司執行董事為倪真先生；職工董事為黃埔先生；非執行董事為劉學 詩先生及司欣波先生；及獨立非執行董事為程念高先生、魏偉峰博士、牛向春女士及裴 振江先生。 * 僅供識別 A 股代码：601868 A 股简称：中国能建 公告编号：临 2025-058 H 股代码:03996 H 股简称:中国能源建设 中 ...

A 股代码：601868 A 股简称：中国能建 公告编号：临 2025-058 H 股代码:03996 H 股简称:中国能源建设 中国能源建设股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 投资者可于 2025 年 11 月 19 日（星期三）至 11 月 25 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征 集"栏目或于 2025 年 11 月 25 日（星期二）16:00 前通过公司 邮箱 zgnj3996@ceec.net.cn 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 中国能源建设股份有限公司（以下简称公司）已于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者 更全面深入地了解公司 2025 年第三季度经营成果、财务状况， 公司计划于 2025 年 11 月 26 日（星期三）15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流 ...

Core Insights - The National Energy Administration has identified "expanding non-electric utilization of renewable energy" as a key focus for the 14th Five-Year Plan, emphasizing the development of integrated wind-solar hydrogen, ammonia, and methanol production [1] - The wind-solar hydrogen-ammonia-methanol integration model is seen as a transformative approach to convert unstable green electricity into green hydrogen, which can then be synthesized into storable and transportable green ammonia and methanol, addressing the issue of renewable energy intermittency [2] - As of October 2023, over 800 hydrogen-ammonia-methanol integration projects have been planned in China, with a total planned green hydrogen capacity of nearly 9 million tons per year, positioning China as a global leader in this sector [2] Industry Development - Most of the green hydrogen and methanol projects are concentrated in resource-rich regions such as Northwest, North, and Northeast China, with provinces like Inner Mongolia, Jilin, and Xinjiang actively promoting large-scale development [3] - Notable operational projects include the China Petroleum & Chemical Corporation's green hydrogen demonstration project in Xinjiang and the 100,000-ton green methanol project in Inner Mongolia, among others [3][4] - The industry is witnessing increasing participation from both state-owned enterprises and private companies, creating a competitive landscape [4] Challenges and Future Outlook - The green hydrogen and methanol industry faces challenges such as high production costs, insufficient technological integration, and a lack of standardized systems [6] - Industry experts emphasize the need to reduce investment costs and improve operational rates to enhance competitiveness [6] - Despite current challenges, the market potential for green methanol and ammonia is significant, particularly in the context of low-carbon development trends in shipping and aviation, suggesting a promising long-term outlook for the hydrogen-ammonia-methanol market [6]

Core Insights - China Energy Construction Co., Ltd. experienced a decline of 0.82% in stock price on November 14, with a trading volume of 482 million yuan [1] - The company reported a financing net buy of -74.45 million yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of September 30, 2025, the company achieved a revenue of 323.54 billion yuan, reflecting a year-on-year growth of 9.62%, while net profit attributable to shareholders decreased by 12.43% to 3.156 billion yuan [2] Financing and Trading Activity - On November 14, the financing buy amount for China Energy was 87.96 million yuan, while the financing repayment was 162 million yuan, leading to a net financing outflow [1] - The total financing and securities balance reached 1.294 billion yuan, with the financing balance accounting for 1.64% of the circulating market value, indicating a relatively high level compared to the past year [1] - The short selling activity on the same day included a repayment of 200 shares and a sale of 3,400 shares, with a total short selling amount of 8,262 yuan [1] Company Overview - China Energy Construction Co., Ltd. was established on December 19, 2014, and went public on September 28, 2021, primarily engaged in construction contracting [2] - The company operates through five business segments, with construction services contributing 81.18% to total revenue, followed by industrial manufacturing at 7.42%, and investment operations at 6.80% [2] - As of September 30, 2025, the number of shareholders increased to 473,000, reflecting a growth of 41.21% [2] Dividend and Shareholding Structure - Since its A-share listing, China Energy has distributed a total of 4.686 billion yuan in dividends, with 3.748 billion yuan distributed over the past three years [3] - Among the top ten circulating shareholders, China Securities Finance Corporation holds 613 million shares, while Hong Kong Central Clearing Limited reduced its holdings by 368 million shares [3]

Core Insights - The successful launch of the world's largest 5000 square meter high-altitude wind energy capturing umbrella marks a significant step in China's high-altitude wind power technology and its engineering application [1][3] Group 1: High-altitude Wind Power Technology - High-altitude wind power generation utilizes airborne components tethered to capture wind energy above 300 meters, converting it into electrical energy [3] - The technology involves a three-tier energy transfer path: airborne energy capture, cable energy transmission, and ground-based power generation [3][5] - The system employs a helium balloon for initial lift, a working umbrella for wind energy capture, and a cable made of ultra-high molecular polyethylene capable of withstanding hundreds of tons of tension [5] Group 2: Advantages and Opportunities - High-altitude wind energy presents a strategic opportunity to overcome the limitations faced by traditional wind power, such as limited near-surface wind resources and the intermittent nature of wind energy [5][8] - Research indicates that the high-altitude region (300 to 10,000 meters) contains abundant and underutilized wind energy resources, with theoretical reserves exceeding global electricity consumption needs by over 100 times [8] - High-altitude wind energy offers significant advantages, including increased energy density, stable wind direction and speed, and widespread global distribution, which can enhance the stability and peak-shaving capabilities of new power systems [8] Group 3: Commercialization and Application - The first engineering trial project for high-altitude wind energy generation in China, located in Anhui, successfully generated power using the umbrella-based technology, with a total installed capacity at the megawatt level [9] - The umbrella-based land-based high-altitude wind power technology demonstrates significant commercial potential and application flexibility, supporting various deployment schemes such as mobile, distributed, and centralized systems [12] - This technology can be deployed in resource-rich areas like Inner Mongolia and Qinghai, provide clean power to remote locations, and serve as an emergency response system in urban settings, enhancing the resilience of multi-energy systems [12]

Group 1 - Beijing Energy International (00686) announced the signing of an EPC contract with a consortium led by China Energy Engineering Group Zhejiang Thermal Power, with a contract price of approximately RMB 328 million (including tax) [1] - The EPC services provided under the contract include all surveying, design, procurement of equipment and materials, construction, installation, testing, and acceptance work for the project [1] - The consortium will also be responsible for repairing any faults or defects within a one-year warranty period as per the EPC contract [1] Group 2 - The company is accelerating the scale development of clean energy and expanding its renewable energy business, focusing on diversification [2] - The decision to sign the EPC contract aligns strategically with national policies aimed at promoting the construction of large energy bases, particularly in the context of distributed energy [2] - This initiative supports government goals for energy diversification and sustainable development, positioning the company favorably in the evolving energy landscape [2]