Core Viewpoint - China Energy Construction Co., Ltd. has signed three new energy general contracting agreements with a consortium involving Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1 - The consortium includes subsidiaries of China Energy Construction, namely China Energy Construction International Group Co., Ltd., China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute [1] - The project partners from Saudi Arabia include Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company [1] - The total contract amount of approximately $2.745 billion reflects a significant investment in renewable energy projects [1]

Core Viewpoint - The cement sector is showing resilience in the market despite overall declines in A-shares, with significant gains in specific companies like Huaxin Cement and Jinyu Group [1][3]. Market Performance - As of October 10, the Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component and ChiNext Index fell by 2.70% and 4.55%, respectively [1][2]. - The cement index increased by 1.84%, with Huaxin Cement and Jinyu Group hitting the daily limit up [3][4]. Sector Analysis - The cement industry is experiencing a potential bottoming out, supported by supply-side production restrictions and demand from infrastructure projects [5]. - The Ministry of Industry and Information Technology has issued a plan aimed at improving profitability in the cement sector by 2025-2026 [5]. Regulatory Developments - The Ministry of Ecology and Environment is seeking opinions on the carbon emission trading market's allocation plan for the cement industry, indicating a structured approach to emissions management [4]. Investment Insights - Several cement stocks have seen significant net purchases from financing clients, with notable amounts exceeding 1 billion yuan [6]. - Forecasts indicate that 15 cement stocks are expected to show positive net profit growth in 2025, with some companies projected to double their profits [8][10]. Company Highlights - China Energy Engineering has a comprehensive industrial chain in cement production, with an expected annual output of over 20 million tons [8]. - Wanhua Chemical's net profit for the first three quarters is projected to increase by 69.81% to 109.77% year-on-year [8].

转自：新华财经 巍巍赣鄱，锦江河畔，中国能建安徽电建二公司承建的江西赣能上高2×1000兆瓦清洁煤电项目，宛如一颗璀璨的绿色明珠镶嵌于赣西能源版图，为区域经 济高质量发展注入强劲动力。 栉风沐雨 步履铿锵 2023年6月21日，随着第一罐混凝土浇筑，拉开了1号机组建设的序幕。项目团队构建起"1+3"全周期管理体系，从施工计划到技术准备，从设备到资源调 度，每个环节都渗透着未雨绸缪的智慧。 面对交桩滞后、图纸延误、设备滞后、暴雨侵袭、39℃高温炙烤等状况，建设者们以科学统筹破困局，优化工序、多面作业、动态调配资源。建设者们 以"晴天抢干、雨天巧干、夜晚挑灯干"的硬核作风，硬生生在泥泞中辟出通途。 百台机械轰鸣如战鼓，1800名建设者挥汗如雨，每一寸土地的夯实、每一根钢梁的拼接，每一帧画面都是对工匠精神的铿锵注解。 创新破局 青春淬火 131米的塔式锅炉钢架，较常规百万机组锅炉高出40米左右，堪称"钢铁脊梁"的锻造首战。 绿电耀上高，匠心映山河。作为国家"十四五"电力规划重要布局和江西省能源重点工程，这里的每一根钢梁、每一方混凝土，都凝聚着电建铁军的智慧与汗 水，诠释了 "干一项工程，树一座丰碑"的铮铮誓言。（程 ...

文 | 中国能建葛洲坝电力公司 10月1日 中国能建葛洲坝电力公司EPC总承包的 ▲ 韶关曲江马坝电网侧独立储能电站 ▲储能电站现场 项目建设包含一座208兆瓦/416兆瓦时电化学储能系统及12千米外送输电线路，配套建设一座 220千伏升压站。 投运后，电站满载最高可储存41.6万千瓦时电能，年输送电力约2.98亿千瓦 时，可满足近14万户居民用电需求，每年减少二氧化碳排放约20.8万吨。 同时，凭借其电网调 节技术优势，将有效平抑风、光新能源发电波动，缓解区域电网调频调峰压力。 粤港澳大湾区单体容量最大 调频调峰电网侧独立储能电站 韶关曲江马坝电网侧独立储能电站 正式投运 为广东省打造新型储能万亿级产业集群 再添强劲动力 该项目位于广东省韶关市曲江区，占地约48.99亩，由70套磷酸锂铁电池仓组成， 单体容量达 6兆瓦时/套，是粤港澳大湾区单体容量最大调频调峰电网侧独立储能电站。 作为韶关市首个独 立储能电站，该项目被列入广东省2025年重点项目清单。 ▲储能电站现场 此外，电站依托 "储能+算力" 协同模式，为全国一体化算力网络粤港澳大湾区核心枢纽——广东韶关 数据中心集群提供稳定电力支持，有效助力国家" ...

Market Performance - The infrastructure sector rose by 2.75% on October 9, with Guanzhong Ecological leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Top Gainers in Infrastructure Sector - Guanzhong Ecological (300948) closed at 19.36, up 20.02% with a trading volume of 32,600 lots and a transaction value of 63.17 million [1] - Beixin Road and Bridge (002307) closed at 4.90, up 10.11% with a trading volume of 865,700 lots and a transaction value of 416 million [1] - Oriental Garden (002310) closed at 2.84, up 10.08% with a trading volume of 2,285,700 lots and a transaction value of 633 million [1] - China Nuclear Construction (601611) closed at 9.74, up 10.06% with a trading volume of 1,222,100 lots and a transaction value of 1.155 billion [1] Market Capital Flow - The infrastructure sector saw a net inflow of 885 million from main funds, while retail funds experienced a net outflow of 261 million [2] - The main funds' net inflow and outflow for specific stocks indicate varying investor sentiment within the sector [3] Individual Stock Fund Flow - China Railway (601390) had a main fund net inflow of 347 million, but retail funds saw a net outflow of 91.89 million [3] - Xinjiang Communications Construction (002941) experienced a main fund net inflow of 276 million, with retail funds seeing a net outflow of 129 million [3] - China Nuclear Construction (601611) had a main fund net inflow of 170 million, while retail funds experienced a net outflow of 96.60 million [3]

致：香港交易及結算所有限公司 公司名稱: 中國能源建設股份有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03996 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 9,262,436,000 | RMB | | 1 | RMB | | 9,262,436,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 9,262,436,000 | RMB | | 1 | RMB | | 9,262,436,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | - ...

光伏资讯 | PV-info 近日，国家发展改革委、国家能源局下发关于推进"人工智能+"能源高质量发展的实施意见。 文件特别提出，人工智能+新能源典型应用场景。 针对新能源出力波动性与间歇性的问题，加快在高精度功率预测、电力市场、场站智慧运营、新能源规划、项目后评 价等方向的人工智能应用，持续推动新能源关键材料及产品不断迭代和创新，推动复杂场景及转折性天气下功率预测 大模型在更小尺度、更高精准度方向发展，支撑广域新能源资源协同优化，促进偏远地区新能源场站智能运维发展， 打造"气象预测+功率预测+智慧交易+智能运维"一体化新能源智能生产模式，全力支撑新能源稳定供给。 DeepSeek-R1具备多模态处理与动态注意力机制，可高效整合文本、代码、图像等多类型数据，龙源电力结合新能源 数字化平台构建垂直领域智能体，配合RAG（检索增强生成）架构，利用平台全量汇聚的生产业务数据、专业技术文 档，形成龙源电力专属知识库，为龙源电力新能源生产运营决策提供有力支持。 今年以来，以DeepSeek系列为首的人工智能大模型以惊人的速度渗透到互联网、能源、制造等核心产业领域。 能源央企积极响应国家人工智能战略，持续推进 "人工智能 ...

Group 1: Core Developments in Fusion Energy - The BEST project in Hefei, Anhui, has achieved a significant breakthrough with the successful development and installation of the Dewar base, marking a new phase in the construction of the fusion energy experimental device [1] - The BEST device utilizes compact high-field superconducting tokamak technology and aims to demonstrate nuclear fusion power generation for the first time internationally by 2027 [1] - Germany's government has approved an action plan to build the world's first nuclear fusion power plant, with over €2 billion allocated for research and infrastructure by 2029 [1] Group 2: Policy Support and Market Outlook - The newly passed Atomic Energy Law in China encourages and supports controlled thermonuclear fusion research and technology development, effective from January 15, 2026 [2] - The law establishes a management system tailored to fusion characteristics, promoting the application of fusion technology [2] - Analysts from CITIC Securities and Open Source Securities express optimism about the long-term growth of the controlled fusion industry, citing increased financing and accelerated construction of facilities [2] Group 3: Financial Performance of Related Companies - Shanghai Electric leads in net financing buy-ins among fusion-related stocks, with a total of ¥16.38 billion, followed by companies like Western Superconducting and Yongding Co., which also show significant buy-ins [3] - Predictions indicate substantial profit growth for several companies in the fusion sector, with Yongding Co. expected to see a 451.02% increase in net profit by 2025 [6][3] - Companies like Western Superconducting and Shanghai Electric are also projected to experience over 40% growth in net profits, reflecting strong market interest and institutional support [6][3] Group 4: Technological Contributions and Innovations - Shanghai Electric has been involved in the "artificial sun" fusion project since 2000, showcasing its core equipment at the recent Industrial Expo [5] - Western Superconducting is actively engaging with major domestic fusion projects, leveraging its superconducting materials for fusion applications [5] - Hezhong Intelligent has contributed to the development of the vacuum chamber, a critical component of the BEST fusion device [7]

（原标题：寻找"受尊敬"企业系列报道之五：1.62万亿元研发投入构筑A股上市公司发展"护城河"） 科技是第一生产力，科技创新成为现阶段转型发展的关键。当前，我们正经历百年未有之大变局，这个变局的"始作俑者"就是日新月异的科技进 步。今天，以新一代信息技术、机器人、人工智能、生命科学、新能源等为代表的科技革命正重塑产业、经济格局，科技竞争已经成为各方博弈 的重要方面。 对于企业而言，科技创新不仅是评价一个企业综合实力以及保持高质量发展的重要指标和核心推动力，还是衡量一个企业能否受到普遍尊敬，以 及能否负责任地扛起行业创新大旗的重要体现。由经济观察报主办的2024—2025年度"寻找'受尊敬'企业"征集评选工作以"智创未来，向新而行"为 主题，也彰显了科技创新的独特分量。 从公司来看，比亚迪（002594.SZ）2024年以531.95亿元研发费用居首，研发投入同比增加超过百亿元，被称为"研发之王"；中国电建 （601669.SH）2024年研发投入242.5亿元，排在第二位；中国石油（601857.SH）、宁德时代（300750.SZ）、美的集团（000333.SZ）、中国中车 （601766.SH）、中国石化 ...

Core Viewpoint - The Shaoguan Qujiang Maba grid-side independent energy storage power station, constructed by China Energy Construction Corporation (601868) and Gezhouba Group (600068), has officially commenced operations, marking a significant development in the Guangdong-Hong Kong-Macao Greater Bay Area's energy infrastructure [1] Group 1 - The project is located in Qujiang District, Shaoguan City, Guangdong Province [1] - It consists of 70 sets of lithium iron phosphate battery units, each with a capacity of 6 megawatt-hours [1] - This facility is noted as the largest grid-side independent energy storage power station in the Greater Bay Area in terms of single unit capacity [1]