Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

- The report constructs an equal-weighted index based on the stocks investigated by fund managers over the past six months, with the "Research Stock-All Sample Index" achieving a cumulative return of 21.0%, outperforming the Shanghai Composite Index's 15.2% during the same period[5][13][14] - The "Research Stock-Growth Index" achieved a cumulative return of 20.5% over the past six months, surpassing the Shanghai Composite Index's 15.2% during the same period. Additionally, the representative fund's equal-weighted net value growth rate reached 29.2%, outperforming both the Growth Index and the Shanghai Composite Index[25][26][27] - The "Research Stock-Balanced Index" recorded a cumulative return of 25.7% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 19.8%, which is lower than the Balanced Index but higher than the Shanghai Composite Index[32][33][34] - The "Research Stock-Value Index" achieved a cumulative return of 18.3% over the past six months, outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 8.8%, which is lower than both the Value Index and the Shanghai Composite Index[39][40][42] - The "Research Stock-Large Cap Index" achieved a cumulative return of 23.8% over the past six months, surpassing the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate reached 28.4%, outperforming both the Large Cap Index and the Shanghai Composite Index[51][52][54] - The "Research Stock-Mid Cap Index" recorded a cumulative return of 23.9% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 23.0%, which is close to the Mid Cap Index and higher than the Shanghai Composite Index[61][62][61] - The "Research Stock-Small Cap Index" achieved a cumulative return of 19.2% over the past six months, outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 17.5%, which is lower than the Small Cap Index but higher than the Shanghai Composite Index[68][69][71] - The "Research Stock-TMT Index" achieved a cumulative return of 23.9% over the past six months, surpassing the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate reached 38.8%, outperforming both the TMT Index and the Shanghai Composite Index[79][80][79] - The "Research Stock-Manufacturing Index" recorded a cumulative return of 23.4% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 29.4%, outperforming both the Manufacturing Index and the Shanghai Composite Index[87][88][87] - The "Research Stock-Consumer Index" achieved a cumulative return of 7.5% over the past six months, slightly outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 1.9%, which is lower than both the Consumer Index and the Shanghai Composite Index[94][95][94] - The "Research Stock-Cycle Index" recorded a cumulative return of 21.3% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 29.2%, outperforming both the Cycle Index and the Shanghai Composite Index[100][101][100] - The "Research Stock-Financial Real Estate Index" achieved a cumulative return of 33.2% over the past six months, significantly outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 7.7%, which is lower than both the Financial Real Estate Index and the Shanghai Composite Index[107][108][107]

Group 1: Popular Industry Research - The most researched industries from January 12 to January 16, 2026, are mechanical equipment, computers, electronics, and power equipment, with mechanical equipment and computers receiving the highest attention in the past five days [9][11]. - Over the past 30 days (December 17, 2025, to January 16, 2026), the most researched industries are mechanical equipment, electronics, automobiles, power equipment, basic chemicals, and computers, with mechanical equipment and computers again leading in the number of research institutions [11]. Group 2: Popular Company Research - In the past five days, the companies with the most research occurrences and more than 10 institutional ratings include Ice Wheel Environment, Ningbo Bank, and Zhou Dasheng [14]. - Companies with the highest number of research institutions in the past five days, each with more than 10 institutional ratings, include SF Holding, Aobi Zhongguang-UW, and Qianwei Central Kitchen [15]. - Over the past 30 days, the companies with the most research occurrences and more than 10 institutional ratings include Ice Wheel Environment, Kebo Da, and Jiangbolong [18]. Group 3: Key Company Research Insights 1. **Ice Wheel Environment**: The focus of research is on its three high-growth sectors: data center liquid cooling, nuclear power and heating, and thermal management. The company is the only supplier of cooling systems for the entire nuclear island area in China and has successfully implemented liquid cooling solutions in several benchmark projects domestically and internationally [21][22]. 2. **SF Holding**: The research highlights its strategic shareholding agreement with Jitu Express, where both companies will invest approximately HKD 8.299 billion in each other. This partnership aims to integrate SF's advantages in cross-border logistics with Jitu's local delivery capabilities in Southeast Asia, the Middle East, and Latin America [23][24]. 3. **Aobi Zhongguang-UW**: The research focuses on the rapid growth of its performance, attributed to the penetration of 3D vision technology in various applications. The company reported a revenue of CNY 714 million for the first three quarters of 2025, a year-on-year increase of 103.50%, and a net profit of CNY 108 million, up 279.12% [25][26].

Investment Rating - The mechanical equipment industry is rated as "Standard Allocation" for the next six months, indicating expected performance in line with the market index within ±10% [59] Core Insights - The humanoid robot sector is projected to see an installation of 16,000 units in 2025, with a high industry concentration where the top five companies hold over 70% market share [2][55] - The excavator sales are expected to grow by 16.97% year-on-year in 2025, supported by the commencement of major domestic projects and favorable overseas demand [2][55] - The mechanical equipment sector has shown a bi-weekly increase of 6.09%, outperforming the CSI 300 index by 3.47 percentage points, ranking 10th among 31 sectors [3][12] Summary by Sections Market Review - As of January 15, 2026, the mechanical equipment sector has increased by 6.09% bi-weekly, outperforming the CSI 300 index [3][12] - The general equipment sub-sector had the highest increase of 8.17%, followed by automation equipment at 8.01% and specialized equipment at 5.40% [19][21] Valuation Situation - The current PE ratio for the mechanical equipment sector is 35.17, with general equipment at 50.88 and automation equipment at 55.29 [23][24] - The current valuation is 20.36% higher than the one-year average for the mechanical equipment sector [23] Data Updates - The report highlights the sales performance of various machinery, including excavators and loaders, with significant year-on-year growth rates [52][53] Industry News - The report discusses the advancements in humanoid robots and the establishment of partnerships for core component testing and quality improvement [52][55] - It also notes the expected increase in excavator sales and the overall positive outlook for the engineering machinery sector [2][55] Recommended Stocks - The report suggests focusing on companies such as Huichuan Technology, Green Harmonic, Sany Heavy Industry, and Hengli Hydraulic due to their strong market positions and growth potential [56]

□ 本报记者 董卿 从春龙 站在国家"双碳"战略的新起点，冰轮环境围绕"低碳产业、低碳技术、低碳制造、低碳链条、低碳服 务、低碳文化"六大支柱，打造全流程低碳产业链，从碳足迹的全过程减少碳排放。从高效产品与系统 到余热余压余能利用、从CCUS到化石能源回收再利用、从清洁供暖到智慧能效管理、从智慧园区绿色 制造到绿色供应链体系……冰轮环境绿色低碳产品与解决方案，每年可为社会实现降碳3800多万吨。 未来五年，冰轮环境将坚定推进"产品领先、数智赋能、全球突破"三大战略，回归价值本源、筑牢成长 根基、激发组织潜能，昂首迈向能源动力领域世界一流系统解决方案服务商。 70年前，烟台冰轮环境技术股份有限公司(以下简称"冰轮环境")从一个仅有99名员工、4.9万元微薄资产 的"小铁工厂"蹒跚起步。70年后，冰轮环境已成为一家资产超百亿、拥有多家国家级"专精特新"和制造 业单项冠军企业、业务覆盖120多个国家和地区的全球知名跨国公司，成为中国在全球工商制冷空调和 能源综合利用领域的"国家名片"。 70年的坚守是一种长期主义，而长期主义的背后，是不墨守成规，是自我革命和矢志创新，是不断发展 新质生产力，永远跟上时代的节奏。 冰 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司董事/高级管理人员李增群先生、葛运江先生保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 二、本次减持计划的主要内容 1、减持原因：个人资金需求 2、股份来源：公司2023年限制性股票激励计划授予的股票 3、减持方式：集中竞价或大宗交易方式 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 截至本公告披露日，持有本公司股份520,000股（占公司总股本比例0.0524%）的公司董事长李增群先 生，持有本公司股份195,000 股（占公司总股本比例0.0196%）的公司副总裁葛运江先生计划在本减持 计划公告披露之日起15个交易日后的3个月内（即 2026年2月9日至2026年5月8日）以集中竞价或大宗交 易方式减持公司股份178,750股（占公司总股本比例0.0180%）。 公司近日分别收到董事/高级管理人员李增群先生、葛运江先生出具的《关于股份减持计划的告知 函》，现将相关情况公告如下： 一、股东基本情况 ■ 注：上表如出现总数与分项数值之和不符的情况，系四舍五入原因造成。 ■ 注：上表如 ...

格隆汇1月15日丨冰轮环境(000811.SZ)公布，截至本公告披露日，持有本公司股份520,000股（占公司总 股本比例0.0524%）的公司董事长李增群先生，持有本公司股份195,000股（占公司总股本比例 0.0196%）的公司副总裁葛运江先生计划在本减持计划公告披露之日起15个交易日后的3个月内（即 2026年2月9日至2026年5月8日）以集中竞价或大宗交易方式减持公司股份178,750股（占公司总股本比 例0.0180%）。 ...

证券代码：000811 证券简称：冰轮环境 公告编号：2026-001 注：上表如出现总数与分项数值之和不符的情况，系四舍五入原因造成。 公司近日分别收到董事/高级管理人员李增群先生、葛运江先生出 具的《关于股份减持计划的告知函》，现将相关情况公告如下： | 序号 | 股东名称 | 职务 | 持股数量 | 占公司总股 | 持有无限售股 | | --- | --- | --- | --- | --- | --- | | | | | （股） | 本比例（%） | 份数量（股） | | 1 | 李增群 | 董事长 | 520,000 | 0.0524 | 130,000 | | 2 | 葛运江 | 副总裁 | 195,000 | 0.0196 | 48,750 | | | 合 计 | | 715,000 | 0.0720 | 178,750 | 一、股东基本情况 冰轮环境技术股份有限公司关于部分董事、高级管理人员减 持股份预披露公告 公司董事/高级管理人员李增群先生、葛运江先生保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的 ...

21智讯1月15日电，冰轮环境公告，公司董事长李增群和副总裁葛运江计划在2026年2月9日至2026年5月 8日期间，通过集中竞价或大宗交易方式合计减持不超过178,750股，占公司总股本比例0.0180%。其 中，李增群拟减持130,000股，占公司总股本比例0.0131%；葛运江拟减持48,750股，占公司总股本比例 0.0049%。本次减持原因为个人资金需求，股份来源为公司2023年限制性股票激励计划授予的股票。减 持价格将根据减持时市场价格确定。本次减持计划不会导致公司控制权发生变更，也不会对公司治理结 构及未来持续经营产生重大影响。 ...

证券日报网讯1月15日，冰轮环境（000811）在互动平台回答投资者提问时表示，公司可提供冷源设 备、冷却塔、热交换器、HRSG、溴冷机、热能管理装备等。 ...