Group 1 - The core viewpoint of the news is that Jiufeng Energy's stock has seen a significant increase, with a rise of 5.13% to 45.31 CNY per share, and a trading volume of 1.412 billion CNY, indicating strong market interest [1] - Jiufeng Energy, established on February 27, 2008, and listed on May 25, 2021, is primarily engaged in liquefied natural gas (LNG), liquefied petroleum gas (LPG), methanol, and dimethyl ether (DME) [1] - The revenue composition of Jiufeng Energy includes 48.09% from natural gas and operations, 41.05% from liquefied petroleum gas, 7.49% from other chemical products, 2.90% from energy logistics and technical services, 0.46% from specialty gases, and 0.01% from other sources [1] Group 2 - According to data from the top ten holdings of funds, Guojin Fund has a significant position in Jiufeng Energy, with its Guojin Guoxin Initiated A fund holding 114,200 shares, representing 4.79% of the fund's net value, making it the fourth-largest holding [2] - The Guojin Guoxin Initiated A fund, established on August 28, 2012, has a latest scale of 74.7632 million CNY and has achieved a year-to-date return of 13.02%, ranking 5377 out of 8155 in its category [2] - The fund manager, Wang Xiaogang, has been in position for 3 years and 10 days, with the fund's total assets amounting to 140 million CNY, achieving a best return of 27.56% and a worst return of 15.61% during his tenure [3]

Group 1 - The U.S. President Trump threatened the acting President of Venezuela, Rodriguez, stating that if she does not act correctly, she may face a heavier price than President Maduro [1] - The Danish Prime Minister urged the U.S. to stop threatening to annex Greenland, asserting that such discussions are meaningless [1] Group 2 - The Chinese automotive exports to Venezuela increased by 130% in the first 11 months of 2025, with passenger car exports rising by 166% and truck exports by 99% [6] - The U.S. government has requested American oil companies to invest heavily in Venezuela to restore its oil extraction infrastructure, indicating a push for revitalization of the oil industry [9] Group 3 - The Ministry of Education in China announced plans to establish 15 new undergraduate higher education institutions [4] - The Ministry of Finance in China stated that the issuance of ultra-long-term general government bonds will start on January 14, 2026 [5] Group 4 - The Shanghai government released a plan with 26 measures to optimize the business environment, focusing on efficient government services and fair market competition [7] - The global protests against U.S. military intervention in Venezuela occurred in various countries, condemning U.S. actions and interventionism [8]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The annual long-term contract electricity prices are reaching a bottom, with a focus on the dividend value of the sector. The electricity price in Guangdong is 0.372 CNY/kWh, down 0.02 CNY/kWh year-on-year, reflecting a 20% decrease from the benchmark. In Jiangsu, the price is 0.344 CNY/kWh, down 0.07 CNY/kWh year-on-year, a 12% drop from the benchmark. The market has reacted negatively to these price drops, but the long-term outlook suggests limited further declines as supply and demand improve [6][17][24]. Summary by Sections 1. Annual Long-term Contract Electricity Results - The annual electricity trading results for 2026 show significant price reductions in Guangdong and Jiangsu, with declines of 20% and 12% respectively. The transition from annual to monthly contracts is noted, with a high proportion of medium to long-term market electricity remaining stable [17][24]. 2. Weekly Review - The report highlights the recent implementation of local electricity pricing mechanisms, with a focus on the impact of coal prices and the stability of natural gas prices compared to previous years [10][18]. 3. Industry High-frequency Data Tracking - The report tracks the rapid decline in spot coal prices and the decrease in coal inventories at northern ports. The domestic natural gas prices are lower than the previous year, while overseas prices are fluctuating upwards [10][18]. 4. Key Company Announcements and Sector Performance Tracking - The report emphasizes the acquisition by Guiguan Electric Power of assets from its parent group, which is expected to enhance its growth potential. The company plans to lead the development of hydropower and new energy in Tibet, which could significantly boost profits in the coming quarters [6][10][18]. 5. Focus on Investment Opportunities - The report identifies several companies with strong dividend yields and market management strategies, including Huaneng International, Huadian International, and Guiguan Electric Power. The focus is on high dividend stocks and companies with robust market management practices, which are expected to enhance their valuation [6][10][18]. 6. Valuation and Financial Analysis of Key Companies - The report provides a detailed valuation analysis of key companies in the sector, indicating potential upside in their stock prices based on projected earnings and dividend increases. For instance, Guiguan Electric Power's acquisition is valued at 2.025 billion CNY, with a price-to-book ratio of 1.06 [7][10]. 7. Market Positioning and Future Outlook - The report concludes with a positive outlook for the public utility sector, suggesting that the current valuation levels are attractive for new investments, especially as the market begins to stabilize and recover from recent price declines [6][10][18].

成为最具价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2026-001 江西九丰能源股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 | 回购方案首次披露日 | 2025/4/18 | | --- | --- | | 回购方案实施期限 | 2025/5/9 ~ 2026/5/8 | | 预计回购金额 | 20,000.00万元~30,000.00万元 | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 768.98万股 | | 累计已回购股数占总股本比例 | 1.09% | | 累计已回购金额 | 23,374.54万元 | | 实际回购价格区间 | 25.52元/股~36.91元/股 | 1、现阶段，公司"一主两翼"业务发展格局已初步形成并取得良好成效，清洁能 源一体化"哑铃型"发展模式持续优化，能源服务增长动能不断 ...

格隆汇12月31日丨九丰能源(605090.SH)公布，截至2025年12月31日，公司以集中竞价交易方式累计回 购股份768.98万股，占公司总股本的1.09%，最高成交价为36.91元/股，最低成交价为25.52元/股，已支 付的资金总额为人民币23,374.54万元(不含交易费用)。 ...

针对上述提问，九丰能源回应称："尊敬的投资者，您好！公司清洁能源业务具有良好、稳定的国际、 国内顺价能力。自2017年以来，国际LNG、LPG价格出现了较大的周期性波动，但公司核心资源单吨毛 利保持整体稳定。公司良好、稳定的顺价能力主要系基于在上游环节构建的'海气+陆气'双资源池及高 效的资源配置，在中游环节构筑的核心资产壁垒及高效率周转、低成本运营优势，在下游环节持续拓展 直接终端用户及资源端到客户端的良好匹配能力，并通过价格联动、背靠背交易、成本加成、协议顺价 等方式，在兼顾客户利益及自身顺价收益方面取得平衡，不断提升客户黏性。感谢您的关注！" 有投资者在互动平台向九丰能源提问："公司产品最近是否有涨价计划？" 来源：市场资讯 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Core Viewpoint - Jiufeng Energy has completed the construction of the first phase of the special fuel and gas supporting project for the Hainan commercial space launch site, which is expected to provide essential fuels for multiple rocket launches by 2025 [2] Group 1: Project Completion and Future Plans - The first phase of the special fuel and gas supporting project for the Hainan commercial space launch site is nearly complete [2] - By 2025, the project will have provided liquid hydrogen, liquid oxygen, liquid nitrogen, and helium for nine consecutive launches of the Long March series rockets at the Hainan launch site [2] - The company is actively implementing the second phase of the project to expand capacity, aiming to support additional launch pads and meet the long-term launch planning needs [2] Group 2: Industry Demand and Expansion - The expansion plan is designed to accommodate the potential demand for regular and high-density launches at the Hainan commercial space launch site [2] - The project will also support the additional requirements of the Wenchang Star Arrow Industrial Park, which includes a satellite super factory [2]

Core Viewpoint - The company, Jiufeng Energy, is actively involved in supplying fuel for rocket launches at the Hainan Commercial Space Launch Site, with ongoing projects to expand its capabilities to meet future demands [2]. Group 1: Company Operations - As of December 30, 2025, Jiufeng Energy has successfully provided liquid hydrogen, liquid oxygen, liquid nitrogen, and helium for nine rocket launches at the Hainan Commercial Space Launch Site [2]. - The first phase of the special fuel and gas supply project for the Hainan Commercial Space Launch Site is nearly complete, ensuring the company can meet current operational needs [2]. Group 2: Future Plans - The company is implementing a second phase of the special fuel and gas supply project aimed at expanding capacity to support additional launch pads (No. 3 and No. 4) and long-term space launch plans [2]. - The expansion is designed to accommodate the potential demand for regular and high-density launches, as well as the needs of the Hainan Wenchang Star Arrow Industrial Park (satellite super factory) [2].

Group 1 - The company, Jiufeng Energy, is the exclusive supplier of liquid hydrogen products for the Hainan commercial launch site, and the product quality has successfully passed launch verification [2] - In addition to the Hainan commercial launch site, the company is actively expanding its special fuel and gas cooperation projects at other commercial launch sites, including Shandong Haiyang Dongfang Spaceport and Gansu Jiuquan Satellite Launch Center, all of which are in the implementation stage [2]

成为最具价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2025-116 江西九丰能源股份有限公司 关于非公开发行的剩余限售股上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为143,403 股。 本次股票上市流通总数为143,403股。 本次股票上市流通日期为2026 年 1 月 7 日。 本次股票上市流通后，公司因本次交易非公开发行股份产生的限售股已全部上 市流通。 一、本次限售股上市类型 （一）股份发行核准及发行登记情况 2022 年 11 月 10 日，中国证券监督管理委员会（以下简称"中国证监会"）向江西 九丰能源股份有限公司（以下简称"公司"、"上市公司"或"九丰能源"）下发了《关 于核准江西九丰能源股份有限公司向 New Sources Investment Limited 等发行股份、可转 换公司债券购买资产并募集配套资金的批复》（证监许可[2022]2827 号）。 根据上述核准 ...