● 本报记者 刘英杰 国家能源局日前发布的数据显示，2025年，全国光伏新增装机3.17亿千瓦，同比增长14%，其中集中式 光伏新增1.64亿千瓦，分布式光伏新增1.53亿千瓦。截至2025年12月，全国光伏发电装机容量达到12亿 千瓦，同比增长35%，我国光伏产业保持快速发展势头，能源绿色低碳转型取得显著成效。 在海外市场方面，太空光伏概念持续火热。消息面上，特斯拉CEO埃隆·马斯克日前在达沃斯论坛上公 开表示："未来三年，特斯拉与SpaceX将联手在美国建设100GW光伏产能，为太空光伏布局筑牢地面制 造基础。"2月14日，马斯克在社交媒体上表示："太阳能将全面主导未来的电力生产体系。" 太空光伏概念持续升温，正成为备受资本市场瞩目的新赛道。数据显示，光伏概念指数2月24日上涨 1.70%。指数成分股中，协鑫集成（002506）、南网能源（003035）、嘉泽新能（601619）涨停，石英 股份（603688）涨超9%，国晟科技（603778）、金开新能（600821）、电投绿能（000875）等跟涨。 近日，由内蒙古能源集团投资建设的达拉特旗50万千瓦防沙治沙光伏一体化项目已全容量并网发电。据 悉，作为 ...

● 本报记者 刘英杰 太空光伏概念持续升温，正成为备受资本市场瞩目的新赛道。Wind数据显示，万得光伏概念指数2月24 日上涨1.70%。指数成分股中，协鑫集成、南网能源、嘉泽新能涨停，石英股份涨超9%，国晟科技、金 开新能、电投绿能等跟涨。 分析人士认为，在马斯克"太空光伏"战略以及国内卫星互联网加速建设的双重催化下，光伏产业正迎来 全新的应用场景与增量空间。 在调整出口退税政策方面，财政部、税务总局1月9日发布的《关于调整光伏等产品出口退税政策的公 告》指出，自2026年4月1日起，取消光伏等产品增值税出口退税。这是继2024年11月将部分光伏设备出 口退税率由13%下调至9%后的又一次重要调整。中国光伏行业协会认为，此举有助于推动国外市场价 格理性回归，降低贸易摩擦风险。 在深化电力市场改革方面，国务院办公厅日前印发《关于完善全国统一电力市场体系的实施意见》，面 对电力生产方式、消费模式、产业结构发生的巨大变化，《意见》站在新的历史起点上，围绕新形势新 情况新要求，对未来5-10年完善全国统一电力市场体系的重点任务进行了安排部署。此外，工业和信息 化部等五部门联合印发《工业绿色微电网建设与应用指南（20 ...

导语：是拐点，还是喘息？ 作者：市值风云 App：白猫 从亏 5000 万到赚 3 个亿，南网电源：告别亏损，难别 "大股东依赖" 年初，一份业绩预告让南网能源（003035.SZ）的投资者稍微松了一口气。 经历了 2024 年的亏损阴霾后，公司终于迎来了曙光。根据最新的公告，南网能 源预计 2025 年归母净利润将达到 3.0 亿元至 3.6 亿元。要知道，就在上一年， 这个数字还是亏损 5813 万元。 | 项目 | 本报告期 | | 上年同期 | S | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 盈利：30,000 万元-36,000 万元 | 亏损：5,812.58 万元 | | | | 扣除非经常性损益后的净利润 | 盈利：30,700 万元-36,700 万元 | 亏损：10,521.64 万元 | | | | 基本每股收益 | 盈利: 0.0792 元/股-0.0950 元/股 | 亏损：0.0153 元/股 | | | （业绩预告） 从亏损超五千万到盈利三个亿，这不仅是一个数字的跳跃。它背后折射出的是这 家"含着金汤匙出生"的企业，在重 ...

作为一键布局"一带一路"核心资产的高效工具，一带一路ETF富国（515150）覆盖了基建、能源、资 源、通信等关键领域的龙头企业，精准捕捉沿线经济复苏红利。场外投资者也可通过联接基金（A类 007786/C类007787/E类022096）参与布局，把握节后主题行情的修复机遇。 每日经济新闻 春节后首个交易日，"一带一路"主题强势回归，一带一路ETF富国（515150）盘中涨幅突破3%，截至发 稿的最新涨幅为3.12%。从指数成分股的表现来看，能源与航运板块成为今日领涨主力。南网能源、石 化油服、中远海能、招商轮船等多只个股收获10CM涨停，中海油服、中国巨石、烽火通信、云天化等 能源股涨幅均超7%。 相关机构指出，节后市场的强势表现，源于多重利好的集中兑现。一方面，项目落地提速。春节期间， 多个"一带一路"重点项目的开工计划密集公布，直接带动相关产业链景气度回升；另一方面，外贸韧性 凸显。节后跨境贸易需求快速恢复，进一步强化了市场对沿线贸易与投资的信心。 ...

经济观察网南网能源（003035）(003035.SZ)近期股价连续下跌主要受市场情绪、技术面调整及前期涨 幅较大后的获利了结影响。以下结合最新数据和公开信息说明相关情况： 股票近期走势 连续下跌情况： 截至2026年2月13日，南网能源收盘价为6.52元，单日下跌4.96%，近5个交易日累计下跌9.57%。股价从 2月4日高点7.99元回落，区间振幅达74.45%，短期技术面呈现调整态势。 技术面压力： 当前股价低于5日及10日均线(分别为6.788元、6.992元)，MACD柱状线转负，KDJ指标进入超卖区间， 显示短期空头占优。布林带中轨(6.395元)成为近期压力位，下方支撑位关注5.05元(布林带下轨)。 股价异动原因 市场情绪与资金流动： 2月3日龙虎榜数据显示机构净卖出3314.66万元，尽管深股通净买入2649.46万元，但机构资金流出对市 场信心造成一定压力。 近期公用事业板块整体表现疲软(2月13日电力板块下跌1.34%)，拖累个股走势。 前期涨幅过大后的调整： 公司股价自2026年1月5日低点4.58元最高涨至7.99元(2月4日)，区间涨幅达74.45%，部分资金选择获利 了结。 当前 ...

Group 1 - The A-share market saw a general decline in power stocks, with notable drops in several companies [1] - Fengsheng Holdings experienced an 8% decrease, while Jinkong Power fell by 6% [1] - Tuori New Energy declined by 5%, and both Jiantou Energy and South Network Energy dropped over 4% [1] - Other companies such as Jinkai New Energy, Datang Power, Gan Energy, and Baitong Energy saw declines exceeding 3% [1]

Core Viewpoint - The establishment of a unified national electricity market is crucial for the development of a new type of power system in China, with significant progress expected by 2025 and a target for 2030 to have 70% of electricity consumption from market transactions [1][2]. Group 1: National Electricity Market Development - The State Council issued an implementation opinion on February 11, aiming to build a unified national electricity market by 2030, where all types of power sources and non-essential users will participate directly in the market [1]. - By 2030, it is projected that the market-based transaction volume will account for approximately 70% of total electricity consumption, with a further increase expected by 2035 [1]. - The National Development and Reform Commission highlighted the need for reform to address challenges posed by changes in electricity production, consumption patterns, and the rising share of renewable energy [1]. Group 2: Capacity Market and Compensation Mechanisms - The opinion proposes exploring the establishment of a capacity market to ensure the profitability of supportive resources like coal power and new energy storage, which are essential for accommodating high proportions of renewable energy [3]. - A reliable capacity compensation mechanism will be gradually established, with market-based methods to guide the orderly development of supportive power sources [3]. - The recent notification from the National Development and Reform Commission and the National Energy Administration aims to improve the capacity pricing mechanism for various power generation sources, including natural gas and new energy storage [3]. Group 3: Participation of Private Enterprises - The opinion encourages greater participation of private enterprises in the electricity market, particularly in new energy storage, virtual power plants, and smart microgrids [4]. - Measures will be introduced to facilitate the flexible participation of new entities in market transactions, promoting rational investment and healthy development [4]. - The opinion aims to enable all electricity users, except for essential users, to participate directly in the electricity market, fostering a diverse and competitive market environment [4].

Core Viewpoint - The A-share market opened higher on February 12, with the Shanghai Composite Index up 0.12%, the Shenzhen Component Index up 0.12%, and the ChiNext Index up 0.30% [1] Group 1: Sector Performance - The power sector opened strong, with notable stocks such as Yunnan Energy Holdings and Jin Kong Power both experiencing significant gains [2][3] - The computing power leasing concept continued its strong performance, with Dawei Technology achieving a four-day consecutive rise and Youke De increasing by over 10% [4][5] Group 2: Market Sentiment and Outlook - Dongguan Securities noted that as the Spring Festival approaches, investor sentiment is becoming more cautious, leading to a potential reduction in trading volume and a phase of consolidation in the A-share market [6] - Caixin Securities indicated that despite a decrease in market activity, there are still structural opportunities available, particularly in sectors with concentrated favorable events [7] - CITIC Securities projected that commodities will remain a preferred investment direction in 2026, driven by factors such as risk aversion and fundamental improvements [8]

Group 1 - The core viewpoint of the news is that Nanfang Energy's stock has experienced a decline of 3.64% on February 11, with a cumulative drop of 8.04% over three consecutive days [1] - Nanfang Energy, established on December 29, 2010, and listed on January 19, 2021, is primarily engaged in energy-saving services, providing comprehensive energy-saving solutions including diagnosis, design, renovation, investment, and operation maintenance [1] - The company's main business revenue composition includes: industrial energy-saving business 54.92%, building energy-saving business 26.92%, comprehensive resource utilization business 14.70%, urban lighting energy-saving business 2.95%, energy-saving consulting services 0.38%, energy-saving renovation projects 0.11%, and other businesses 0.03% [1] Group 2 - From the perspective of major circulating shareholders, Huatai Bairui Fund has a fund that ranks among the top shareholders of Nanfang Energy, with the Guangfu ETF (515790) reducing its holdings by 30.98 million shares [2] - The Guangfu ETF (515790) has a current scale of 11.253 billion, with a year-to-date return of 16.79% and a one-year return of 49.88% [2] - The fund managers of Guangfu ETF are Li Qian and Li Mu Yang, with Li Qian having a tenure of 6 years and Li Mu Yang having a tenure of 5 years [2]

Investment Rating - The report maintains an "Overweight" rating for the virtual power plant sector within the power equipment and new energy industry [2] Core Insights - Virtual power plants are advancing towards market-oriented development, leveraging modern information communication and system integration technologies to aggregate distributed energy resources [6][14] - The Chinese government has issued guidelines to accelerate the development of virtual power plants, aiming for a national regulation capacity of over 20 million kilowatts by 2027 and over 50 million kilowatts by 2030 [35][57] - The market for virtual power plants is expected to expand significantly, with various business models emerging as the sector matures [38] Summary by Sections 1. Virtual Power Plants as a New Smart Grid Control Technology - Virtual power plants are defined as organizations that optimize power systems and participate in market transactions by aggregating distributed energy resources [14] - The development of virtual power plants is supported by national policies, which encourage innovation in business models and services [36][38] 2. Market Space and Development of Virtual Power Plants - The virtual power plant industry has a broad market space and is expected to accelerate towards large-scale development [6][35] - By 2027, the operational management mechanism for virtual power plants is expected to be mature and standardized, with a robust market participation mechanism [35][57] 3. Investment Strategies and Key Companies - The report suggests focusing on companies with strong distributed resource capabilities and advantages in power information technology, such as Guodian NARI (国电南瑞), Nanfang Energy (南网能源), and Dongfang Electronics (东方电子) [58][59][61] - Guodian NARI is noted for its comprehensive solutions covering various trading types and user scales, having established virtual power plant operational service platforms for multiple provincial power companies [58] - Nanfang Energy has a strong customer base and is actively participating in market-oriented power trading and auxiliary services through its virtual power plant initiatives [59] - Dongfang Electronics leverages its extensive experience in the energy sector to develop a full industry chain for virtual power plant construction and operation, focusing on advanced technologies [61]