"'十四五'期间，全省新能源发电装机总规模突破1亿千瓦大关，发电装机规模首超煤电，成为第一大电 源，其中海上风电发挥了关键作用。"省人大代表、江苏省国信集团有限公司董事长吴本辉解释说，作 为经济大省，江苏能源需求旺盛。以新能源为主体的新型电力系统正加快构建，江苏海上风电开发从近 海加速迈向深远海，将成为"十五五"时期江苏电力装机增长的重要来源。 "江苏海上风电并网规模已经是全国第一了，为什么还要加速'走'向深海？"在交汇点新闻客户端"我请代 表委员捎句话"栏目中，网友的留言道出了社会对海上风电这一新能源"主力军"的热切关注与不解。 □ 本报记者倪敏聂伟 吴本辉认为，要让海上风电更好服务全省经济发展，必须强化基础设施"硬支撑"。他建议，攻关海上长 距离输电关键技术，针对深远海风电离岸远、单体容量大、输电距离长、投资金额高等特点，加强海上 组网等高效输电技术研究，探索新的海上通道投资运营模式；与此同时，重点突破远海、大容量海上风 电柔性直流送出、特高压海缆、紧凑化海上升压站等关键技术，推动示范工程建设落地。 吴本辉在调研时发现，随着苏北地区新能源装机的高比例增长，省内南北能源结构差异进一步加大，全 省99%的风电 ...

分红方面，江苏国信A股上市后累计派现19.55亿元。近三年，累计派现11.33亿元。 机构持仓方面，截止2025年9月30日，江苏国信十大流通股东中，南方中证500ETF（510500）位居第九 大流通股东，持股1095.55万股，相比上期减少21.01万股。香港中央结算有限公司位居第十大流通股 东，持股893.42万股，为新进股东。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 融资方面，江苏国信当日融资买入1296.22万元。当前融资余额2.98亿元，占流通市值的1.04%，融资余 额超过近一年60%分位水平，处于较高位。 融券方面，江苏国信2月3日融券偿还4600.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量3.49万股，融券余额26.45万元，低于近一年10%分位水平，处于低位。 资料显示，江苏国信股份有限公司位于江苏省南京市玄武区长江路88号16层，成立日期2003年6月16 日，上市日期2 ...

中化新网讯 1月22日，由国家能源战略指引、江苏国信（002608）集团牵头推进的全球最大规模压缩空 气储能电站——淮安盐穴压缩空气储能示范项目空气透平2号机组一次并网成功，并同步实现满负荷发 电，实现全面投产。 该项目是江苏省首个300兆瓦级压缩空气储能示范工程。项目依托淮安地下1150米至1500米深处的98万 立方米盐穴资源，建设两套300兆瓦级非补燃式压缩空气储能机组，采用全球首创的熔融盐+带压热媒 水储热非补燃"高温绝热压缩"技术，储能容量达2400兆瓦时，转换效率达71%，多项参数全球领先。 据了解，从1号机组实现"零"的突破到2台机组圆满投产，该项目走过了从示范到成熟的关键阶段，不仅 充分验证了空气压缩储能技术的可靠性与规模化应用的可行性，更为我国新型电力系统建设和能源结构 转型提供了重要的工程实践经验与数据支撑。 ...

| 编制单位:江苏省国际信托有限责任公司 | | | 货币单位:人民币元 | | --- | --- | --- | --- | | 项 | 目 | 本年累计数 | 上年累计数 | | 一、营业收入 | | 3.130.049.306.72 | 3,133.442,531.21 | | 利息净收入 | | -31.630.058.79 | -52.852.243.31 | | 其中:利息收入 | | 4.904.032.75 | 7.219,824.63 | | 利息支出 | | 36.534.091.54 | 60.072,067.94 | | 手续费及佣金净收入 | | 916,039,865.07 | 979.895.126.98 | | 其中:手续费及佣金收入 | | 916.039.865.07 | 979.895.126.98 | | 手续费及佣金支出 | | | | | 投资收益(损失以"一"号列示) | | 2.347.628.292.03 | 2.140.910.318.12 | 财报显示，2025年，江苏信托利息净收入为-0.32亿元；手续费及佣金净收入为9.16亿元，同比下降6.52%； ...

Group 1 - In 2025, the Chinese M&A market saw a total of 5,086 announced transactions, a decrease of 20.27% year-on-year, while the total transaction amount reached 2,373.515 billion yuan, an increase of 29.08% [7] - The completed transactions in 2025 amounted to 3,342, a slight increase of 0.45% year-on-year, with a total transaction value of 1,485.131 billion yuan, up 54.41% year-on-year, indicating a structural optimization trend in the market [9][10] - The Guangdong province continued to lead the M&A market in China, benefiting from the dual innovation drive of the Guangdong-Hong Kong-Macao Greater Bay Area, with electronic information, traditional manufacturing, healthcare, and energy mining being the hot sectors [10][31][32] Group 2 - In 2025, private equity funds showed a recovery in exit numbers, with 469 exits, a year-on-year increase of 22.77%, and a total capital recovery of 64.215 billion yuan, up 8.54% year-on-year [17] - Notable exits included TCL Technology's acquisition of a 21.53% stake in Shenzhen Huaxing Optoelectronics for 11.562 billion yuan and Silex Group's acquisition of Chongqing Liangjiang New Area Longsheng New Energy for 3.509 billion yuan [20][21] Group 3 - In 2025, there were 20 M&A transactions exceeding 10 billion yuan, with the largest being China Shipbuilding Industry's acquisition of China Shipbuilding Heavy Industry for 115.15 billion yuan, marking a significant milestone in China's shipbuilding industry [23] - Major domestic M&A cases included Guotai Junan's merger with Haitong Securities for approximately 97.609 billion yuan and Shandong Hongchuang's acquisition of Shandong Hongtu for 63.518 billion yuan [24][25] Group 4 - The cross-border M&A market in 2025 saw a total of 144 transactions, with outbound M&A accounting for 79 and inbound M&A for 65, reflecting a year-on-year decline of 13.77% [26] - Notable cross-border transactions included Midea Group's acquisition of Teka Group for 8.287 billion yuan and Zijin Mining's acquisition of Newmont Golden Ridge for 7.315 billion yuan [27][29] Group 5 - The M&A market in 2025 was characterized by a structural differentiation of "quantity reduction and price increase," with a notable shift from quantity dividends to quality dividends [10] - The electronic information sector led the number of transactions with 579 deals, accounting for 17.32%, while the financial sector had the largest disclosed transaction value at 203.596 billion yuan, representing 13.71% of the total [34][36]

Group 1 - The trust concept sector declined by 1.09%, ranking among the top declines in concept sectors, with companies like Huaguang Huaneng, Delong Huineng, and Maoye Commercial experiencing significant drops [1][2] - Among the trust concept stocks, three companies saw price increases, with Hongda Co., New Huangpu, and Jianyuan Trust rising by 1.80%, 1.10%, and 0.34% respectively [1][2] - The trust concept sector experienced a net outflow of 381 million yuan, with 17 stocks facing net outflows, and six stocks seeing outflows exceeding 30 million yuan [2][3] Group 2 - The top net outflow stock was Zhongyou Capital, with a net outflow of 105 million yuan, followed by Guowang Yingda and Huaguang Huaneng with net outflows of 89.28 million yuan and 68.60 million yuan respectively [2][3] - The leading stocks for net inflow in the trust concept sector included Hongda Co., Guotou Investment, and Zhejiang Dongfang, with net inflows of 45.47 million yuan, 18.86 million yuan, and 13.57 million yuan respectively [2][3] - The trading volume for Zhongyou Capital was 0.60%, while Guowang Yingda had a trading volume of 1.29%, indicating varying levels of investor activity within the sector [3]

Core Viewpoint - Jiangsu Guoxin (002608.SZ) is experiencing a decline in revenue across all quarters of 2025, with profit growth heavily reliant on non-core business support, indicating significant pressure on its operational fundamentals [1][7]. Group 1: Revenue and Profitability - Jiangsu Guoxin's revenue for Q1 2025 was 77.60 billion yuan, a substantial decrease of 14.54% year-on-year; the half-year report showed revenue of 156.9 billion yuan, down 11.75% year-on-year; and the first three quarters reported revenue of 261.5 billion yuan, a decline of 6.56% year-on-year [2][8]. - The company's net profit attributable to shareholders increased by 10.52% in the first three quarters of 2025, but this growth was not due to improvements in core business, instead relying on cost control and increased investment income [2][8]. - In the first half of 2025, the company's period expenses were 8.03 billion yuan, a decrease of 515.72 million yuan year-on-year, with a period expense ratio of 5.26%, up 0.33 percentage points year-on-year [2][8]. Group 2: Financial Risks - The company's accounts receivable increased by 21.39% year-on-year, significantly outpacing revenue growth, indicating potential risks in revenue recognition quality [3][9]. - The coverage ratio of cash to current liabilities was 86.99%, raising concerns about short-term debt repayment capabilities [3][9]. - The interest-bearing debt ratio reached 37.5%, with the scale of debt continuing to rise, exacerbating market concerns regarding cash flow pressure [3][9]. Group 3: Subsidiary Performance and Legal Risks - Jiangsu Trust, a core asset of Jiangsu Guoxin's financial sector, reported a slight decline in revenue to 3.13 billion yuan, down 0.11% year-on-year, and a net profit of 2.567 billion yuan, a decrease of 9.64% year-on-year [4][11]. - The net interest income for Jiangsu Trust has been negative for two consecutive years, with a figure of -31.63 million yuan in 2025, reflecting pressure on asset quality [4][11]. - Jiangsu Trust is involved in a legal dispute over a 2.5 billion yuan trust loan, with the defendant facing liquidity issues, complicating the recovery of funds despite a favorable court ruling [5][11]. Group 4: Management Changes and Future Outlook - The management team of Jiangsu Guoxin underwent a significant restructuring at the end of 2025, with new leadership tasked with revitalizing the core business, transforming the trust operations, and addressing legal risks [6][12]. - The company faces uncertainties due to recent personnel changes, including the resignation of key executives amid a corruption investigation, raising concerns about internal governance [6][12].

Core Viewpoint - Jiangsu Guoxin's stock price has shown a mixed performance, with a year-to-date increase of 4.47% but a decline of 7.43% over the past 60 days, indicating volatility in its market performance [1]. Group 1: Stock Performance - As of January 16, Jiangsu Guoxin's stock price rose by 2.12% to 7.72 CNY per share, with a trading volume of 1.08 billion CNY and a turnover rate of 0.37%, resulting in a total market capitalization of 29.167 billion CNY [1]. - The stock has experienced a 2.66% increase over the last five trading days, a 0.39% decrease over the last 20 days, and a 7.43% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Jiangsu Guoxin reported a revenue of 25.494 billion CNY, reflecting a year-on-year decrease of 6.84%, while the net profit attributable to shareholders was 3.228 billion CNY, showing a year-on-year increase of 10.52% [2]. - The company has distributed a total of 1.955 billion CNY in dividends since its A-share listing, with 1.133 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Jiangsu Guoxin had 33,700 shareholders, an increase of 19.12% from the previous period, with an average of 112,002 circulating shares per shareholder, a decrease of 16.05% [2]. - Among the top ten circulating shareholders, the Southern CSI 500 ETF held 10.9555 million shares, a decrease of 210,100 shares from the previous period, while Hong Kong Central Clearing Limited entered as a new shareholder with 8.9342 million shares [3]. Group 4: Business Overview - Jiangsu Guoxin, established on June 16, 2003, and listed on August 10, 2011, is primarily engaged in electricity and heat production, related electricity services, coal sales, and electricity sales, with its main business revenue composition being 84.53% from electricity, 8.90% from coal, 4.77% from heat, and 1.80% from other sources [1]. - The company operates within the public utility sector, specifically in electricity and thermal power generation, and is associated with concepts such as share buybacks, undervalued stocks, ultra-supercritical power generation, venture capital, and low price-to-earnings ratios [1].

Core Viewpoint - Jiangsu Guoxin disclosed the unaudited financial information of its subsidiary Jiangsu Trust for 2025, indicating stable revenue but declining profits compared to the previous year [1] Financial Performance - Jiangsu Trust achieved an operating income of 3.13 billion yuan in 2025, remaining largely unchanged from the previous year [1] - Investment income reached 2.348 billion yuan, representing a year-on-year increase of 9.66% and accounting for 75% of total revenue [1] - Fee and commission income was 916 million yuan, showing a year-on-year decline of 6.52% [1] - Fair value changes showed significant volatility, decreasing from 65 million yuan in 2024 to -102 million yuan, which negatively impacted revenue growth [1] - Total profit for 2025 was 2.81 billion yuan, a decrease of 267 million yuan or 8.68% year-on-year [1] - Net profit stood at 2.567 billion yuan, reflecting a year-on-year decline of 8.95% [1] Company Background - Jiangsu Trust has a registered capital of 8.76 billion yuan and serves as the vice president unit of the China Trust Industry Association [1] - The actual controller of Jiangsu Trust is Jiangsu Guoxin Group Co., Ltd. [1]

Core Viewpoint - Jiangsu Guoxin (002608.SZ) announced that its major shareholder, Suzhou Suxin Juliy Technology Development Co., Ltd., has increased its stake in the company, reflecting confidence in the company's future development [1] Group 1 - The major shareholder acquired 47 million shares through a block trade on January 14, 2026 [1] - The shares purchased represent 1.2440% of the company's total share capital [1]