证券日报网讯1月22日，湖北能源（000883）在互动平台回答投资者提问时表示，公司积极关注湖北省 内相关政策推进情况，聚焦能源主业，积极跟进能源资源投资机会，不断优化产业布局；开展提质增效 专项工作，提高资产运营效率，持续提升内生增长动力，助力公司实现高质量发展。 ...

中证报中证网讯(记者刘丽靓)三峡集团1月22日消息，1月18日至21日，受强冷空气影响，湖北省自北向 南出现今冬以来最强寒潮和雨雪冰冻天气，气温骤降7–14℃，用电用能需求持续攀升。面对严峻考验， 三峡集团湖北能源（000883）在鄂10台火电机组全部启动运行，全力守护人民群众温暖过冬。 在武汉东湖高新（600133）区，区域内唯一的大型电源点——东湖燃机电厂，采用清洁高效的"以气代 煤"方式，于1月20日实现双机满负荷运行，全厂24小时发电量超740万千瓦时，有效增强区域供电可靠 性。 湖北能源省煤投公司提前部署，积极优化运输路径，全力提升接卸转运效率，将应急可调度储煤提升至 43万吨，超既定储备目标，为保障区域内煤电机组"口粮"稳定供应打下坚实基础。 下一步，湖北能源将强化政治担当，压实保供责任，密切关注天气变化与用电负荷趋势，科学调度机组 运行，持续加强设备巡检与隐患排查治理，确保燃料储备充足、运输通道畅通、机组能开尽开，全力以 赴保障电力安全可靠供应，为湖北省经济社会平稳运行和人民群众温暖过冬提供坚强保障。 在鄂西北地区，襄阳宜城电厂于1月19日实现双机运行，两台100万千瓦煤电机组开足马力，全力应对 ...

Investment Rating - The report maintains an "Overweight" rating for the public utility sector and the power generation sector [2]. Core Viewpoints - The report argues that the core logic determining the valuation of power stocks has changed in the new energy era, with expectations of a rebound in electricity prices and stock valuations as coal prices stabilize [4][6]. - It highlights that the most challenging phase for electricity supply and demand in China has passed, with expectations of a recovery in demand starting in 2026 [4][7]. - The report emphasizes that the valuation gap between U.S. and Chinese power stocks has widened significantly, with U.S. power stocks trading at 2-4 times the price-to-book (PB) ratio of their Chinese counterparts [4][6][7]. Summary by Sections Investment Recommendations - The report recommends several undervalued power operators, including Huaneng International, Guodian Power, and China Power [3][8]. - It suggests that the capacity price increase in 2026 will benefit thermal power, while the stabilization of energy prices will favor nuclear, green, and hydropower [8]. Market Dynamics - The report notes that both China and the U.S. are experiencing similar electricity shortages due to a slowdown in the growth of base-load power sources, with structural demand exceeding expectations potentially leading to supply crises [5][26]. - It discusses the significant differences in electricity pricing structures between the two countries, with U.S. electricity prices being significantly higher due to various systemic costs [56][58]. Price Trends and Projections - The report predicts that by 2026, the industrial electricity prices in China will be significantly lower than those in the U.S., enhancing the competitiveness of Chinese manufacturing [6][11]. - It highlights that the electricity price gap between the two countries is expected to continue to widen, benefiting China's manufacturing sector [6][8]. Supply and Demand Outlook - The report indicates that the most severe supply-demand imbalance in China has passed, with expectations of a recovery in electricity demand driven by increased manufacturing investment [7][8]. - It also notes that the U.S. is facing a similar situation, with a projected decline in gas-fired electricity generation and a potential increase in coal-fired generation [5][30].

Group 1 - The core viewpoint of the news is that 24 companies have released their performance reports for 2025, with significant variations in revenue and profit growth among them [1][2][3] - Poly Developments reported the highest revenue at 308.26 billion yuan, but experienced a slight decline of 1.09% year-on-year [1][3] - Among the companies, 16 reported revenue growth, with the highest increase of 37.18% from Siyuan Electric, achieving 21.21 billion yuan in revenue [1][2] Group 2 - In terms of net profit, all companies that released performance reports were profitable, with five companies exceeding 10 billion yuan in net profit [2] - CITIC Bank led with a net profit of 70.62 billion yuan, reflecting a year-on-year growth of 2.98% [2][3] - The largest net profit growth was seen in Quanyuan Spring, which reported a net profit of 0.15 billion yuan, up 147.89% year-on-year [2]

Core Insights - The article discusses the performance forecasts and reports of 20 companies that released their earnings reports for the year 2025, highlighting the accuracy of earnings quick reports compared to earnings forecasts [1] Group 1: Revenue Performance - The highest revenue among the companies that released earnings quick reports is from CITIC Bank, achieving a revenue of 212.475 billion yuan, with a year-on-year decrease of 0.55% [1] - Following CITIC Bank, Shanghai Pudong Development Bank and Yangtze Power reported revenues of 173.964 billion yuan and 85.882 billion yuan, respectively [1] - Out of the 20 companies, 14 reported a year-on-year increase in revenue, with the highest growth rate recorded by Siyuan Electric, which achieved a revenue of 21.205 billion yuan, marking a growth of 37.18% [2] - CITIC Securities and Beiding Co. followed with revenue growth rates of 28.75% and 26.04%, respectively [2] Group 2: Profit Performance - All companies that released earnings quick reports reported profits, with five companies achieving net profits exceeding 10 billion yuan [2] - CITIC Bank led in net profit with 70.618 billion yuan, reflecting a year-on-year increase of 2.98% [2] - Shanghai Pudong Development Bank and Yangtze Power reported net profits of 50.017 billion yuan and 34.167 billion yuan, respectively [2] - Among the companies, 13 reported a year-on-year increase in net profit, with the highest growth seen in Quanyuan Spring, which achieved a net profit of 0.015 billion yuan, up by 147.89% [2] - Beiding Co. and Siyuan Electric also showed significant net profit growth rates of 59.05% and 54.35%, respectively [2]

Core Viewpoint - Hubei Energy (000883.SZ) reported its 2025 annual performance, showing a mixed financial outcome with a net profit increase attributed to asset sales, but a significant decline in core profit due to market pressures in the energy sector [1] Financial Performance - As of the end of 2025, the company's total assets reached 100.08 billion yuan, an increase of 1.83% from the beginning of the year [1] - The equity attributable to shareholders of the listed company was 37.22 billion yuan, reflecting a growth of 10.30% compared to the start of the year [1] - The net profit attributable to shareholders of the listed company was 1.896 billion yuan, representing a year-on-year increase of 4.51% [1] - The net profit after deducting non-recurring gains and losses was 1.098 billion yuan, showing a significant decline of 37.28% year-on-year [1] Factors Influencing Performance - The increase in net profit was primarily due to gains from the transfer of shares in Changjiang Securities [1] - The substantial decline in net profit after excluding non-recurring items was mainly due to rapid growth in installed capacity and power generation from new energy sources in Hubei province, along with favorable hydropower conditions in the second half of the year, which pressured thermal power generation [1] - Additionally, the decline in thermal and new energy electricity prices, influenced by market trading policies in Hubei province, contributed to reduced profits in both thermal and new energy sectors [1]

| 归属于上市公司 | | | | | --- | --- | --- | --- | | 股东的每股净资 | 5.26 | 5.19 | 1.35% | | 产（元） | | | | 注：上述数据以公司合并报表数据填列。 证券代码：000883 证券简称：湖北能源 公告编号：2026-002 湖北能源集团股份有限公司 2025 年度业绩快报 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示：本公告所载2025年度的财务数据仅为初步核算数据， 未经会计师事务所审计，与年度报告中披露的最终数据可能存在差异， 请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：元 | 项目 | 本报告期 | 上年同期 | 增减变动幅 | | --- | --- | --- | --- | | | | | 度（％） | | 营业总收入 | 17,439,969,036.42 | 20,030,698,490.80 | -12.93% | | 营业利润 | 3,530,194,001.62 | 2,760,868,313.48 | 27.87% | | 利润总额 ...

Core Viewpoint - The report highlights the growth of China's nuclear power generation, indicating a positive trend in the industry with significant year-on-year increases in output [1]. Group 1: Industry Overview - In November 2025, China's nuclear power generation reached 39.8 billion kilowatt-hours, representing a year-on-year growth of 4.7% [1]. - From January to November 2025, the cumulative nuclear power generation in China was 436.56 billion kilowatt-hours, showing an 8.1% increase compared to the previous year [1]. Group 2: Companies Involved - Listed companies in the nuclear power sector include China General Nuclear Power (003816), China National Nuclear Power (601985), Sheneng Co., Ltd. (600642), Zhejiang Energy Power (600023), Hubei Energy (000883), Huaneng International (600011), Datang Power (601991), Jiangsu Guoxin (002608), China Nuclear Technology (000777), and Funiu Co., Ltd. (600483) [1]. Group 3: Market Research - The report titled "2026-2032 China Nuclear Power Industry Market Development Scale and Investment Opportunity Analysis" by Zhiyan Consulting provides insights into the market trends and investment opportunities in the nuclear power sector [1].

格隆汇1月6日丨湖北能源(000883.SZ)公布，2025年12月，公司完成发电量35.97亿千瓦时，同比减少 11.69%。其中水电发电量同比增加31.36%，火电发电量同比减少22.35%，新能源发电量同比增加 16.60%。 公司本年累计完成发电量427.01亿千瓦时，同比减少3.04%。其中水电发电量同比增加2.58%，火电发电 量同比减少12.55%，新能源发电量同比增加26.02%。 ...

证券代码：000883 证券简称：湖北能源 公告编号：2026-001 湖北能源集团股份有限公司 为便于投资者及时了解公司生产情况，现将湖北能源集团股份有 限公司（以下简称公司）2025年12月发电量情况公告如下： 2025年12月，公司完成发电量35.97亿千瓦时，同比减少11.69%。 其中水电发电量同比增加31.36%，火电发电量同比减少22.35%，新能 源发电量同比增加16.60%。 公司本年累计完成发电量427.01亿千瓦时，同比减少3.04%。其 中水电发电量同比增加2.58%，火电发电量同比减少12.55%，新能源 发电量同比增加26.02%。 公司2025年12月发电情况表 单位：亿千瓦时 | 项目 | 本月发电量 | 同比变动 | 本年累计发电量 | 同比变动 | | --- | --- | --- | --- | --- | | 水电 | 5.78 | 31.36% | 112.49 | 2.58% | | 火电 | 24.29 | -22.35% | 231.90 | -12.55% | | 新能源 | 5.90 | 16.60% | 82.63 | 26.02% | | 其中： 风电 ...