Group 1 - Silvercorp's revenue from gold and silver products accounts for a low proportion of total operating income [1] - ST Cube has repeatedly triggered abnormal stock trading fluctuations and is under suspension for verification [1] - Xizi Energy plans to invest 100 million yuan to establish an equity investment fund focusing on computing power, energy, AI, and embodied intelligence industries [1] Group 2 - ST Songfa has signed contracts for two 30.6 million ton VLCC super-large crude oil transport ships [1] - Jiangfeng Electronics intends to acquire control of Kaide Quartz for cash and will suspend trading from January 30 [1] - Jiangbolong expects a net profit growth of 150.66% to 210.82% year-on-year for 2025 [1] Group 3 - Hengyuan Coal Power plans to repurchase shares worth 200 million to 250 million yuan [1] - Jintian Co., Ltd. intends to increase its holdings by 50 million to 100 million yuan [1] - Beijing Lier plans to raise no more than 1.034 billion yuan through a private placement [1][2]

格隆汇1月29日丨明阳电气(301291.SZ)公布，董事兼总裁郭献清先生持有公司股份14,402,720股（占公 司总股本比例4.61%）。郭献清先生计划于本公告披露之日起15个交易日后的3个月内以集中竞价或大 宗交易的方式减持公司股份不超过3,600,000股（占公司总股本比例不超过1.15%）。 中山慧众企业管理咨询合伙企业（有限合伙）（简称"慧众咨询"）持有公司股份12,933,030股（占公司 总股本比例4.14%）。慧众咨询计划于本公告披露之日起15个交易日后的3个月内以集中竞价或大宗交 易的方式减持公司股份不超过3,220,000股（占公司总股本比例不超过1.03%）；其中，公司董事兼副总 裁孙文艺先生计划以集中竞价或大宗交易的方式减持其通过慧众咨询间接持有的公司股份不超过 2,340,000股（占公司总股本比例不超过0.75%）。 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——水贝黄金平台"杰我睿"兑付危机调查：40倍杠杆对赌，金价越涨平台越 亏！老板自称"还在深圳"，投资者：兑付方案本金打两折，无法接受 每经AI快讯，明阳电气1月29日晚间发布公告称，广东明阳电气股份有限公司董事兼总裁郭献清先生持 有公司股份约1440万股（占公司总股本比例为4.61%）。郭献清先生计划于本公告披露之日起15个交易 日后的3个月内以集中竞价或大宗交易的方式减持公司股份不超过360万股（占公司总股本比例不超过 1.15%）。中山慧众企业管理咨询合伙企业（有限合伙）持有公司股份约1293万股（占公司总股本比例 为4.14%）。慧众咨询计划于本公告披露之日起15个交易日后的3个月内以集中竞价或大宗交易的方式 减持公司股份不超过322万股（占公司总股本比例不超过1.03%）；其中，公司董事兼副总裁孙文艺先 生计划以集中竞价或大宗交易的方式减持其通过慧众咨询间接持有的公司股份不超过234万股（占公司 总股本比例不超过0.75%）。 ...

证券代码：301291 证券简称：明阳电气 公告编号：2026-003 一、减持股东的基本情况 | 序号 | 股东名称 | 持股数量/股 | 占总股本比例 | 在公司担任职务 | | --- | --- | --- | --- | --- | | 1 | 郭献清 | 14,402,720 | 4.61% | 董事；总裁 | | | 合计 | 14,402,720 | 4.61% | -- | （一）郭献清先生持股情况 广东明阳电气股份有限公司 关于部分董事减持股份的预披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、广东明阳电气股份有限公司（以下简称"公司"）董事兼总裁郭献清先 生持有公司股份 14,402,720 股（占公司总股本比例 4.61%）。郭献清先生计划 于本公告披露之日起 15 个交易日后的 3 个月内以集中竞价或大宗交易的方式减 持公司股份不超过 3,600,000 股（占公司总股本比例不超过 1.15%）。 2、中山慧众企业管理咨询合伙企业（有限合伙）（以下简称"慧众咨询"） 持有公司股份 12,933,030 股（占 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry, indicating that the industry index is expected to outperform the market index by more than 10% in the next six months [2][72]. Core Insights - The power equipment industry is entering a new development phase, driven by significant investments in smart grids, renewable energy integration, and digital transformation technologies such as big data and artificial intelligence [6][21]. - The "14th Five-Year Plan" anticipates a fixed asset investment of 4 trillion yuan by the State Grid Corporation, a 40% increase from the previous plan, aimed at enhancing the new power system's supply chain and achieving carbon peak goals [6][63]. - Global investment in power grids is projected to grow significantly, with an estimated annual investment of $330 billion in 2023, requiring a compound annual growth rate of 9.4% to reach $620 billion by 2030, presenting new opportunities for domestic power equipment companies [6][66]. Summary by Sections 1. New Development Phase of the Power Equipment Industry - The construction of power grids is crucial for the development of the power industry, encompassing substations and power line construction, with a focus on efficient, energy-saving, and environmentally friendly equipment [6][21]. - The transition to a new power system in China emphasizes renewable energy, with significant investments planned for smart grid infrastructure and digitalization [6][63]. 2. Global Power Industry Opportunities - The "14th Five-Year Plan" marks a new rapid construction phase for ultra-high voltage (UHV) projects, driven by the need for clean energy transmission from western and northern regions to load centers in the east and south [6][45]. - The global power grid investment landscape shows a substantial growth potential, particularly in emerging markets, with a pressing need for modernization and upgrades to accommodate renewable energy sources [6][60]. 3. Investment Strategies and Key Companies - The report suggests focusing on leading companies in technology and scale that are likely to benefit from the global energy transition, including Guodian NARI (600406), XJ Electric (000400), and others [6][66].

近日，上海证券报调研小分队走进明阳集团，探寻它从传统风机制造商加速向智慧能源服务商转型的破 局之路。"过去我们造一台风机，只想着让它发更多电；现在我们要让每台风机都成为智慧能源网络的 节点，连起发电、储能、用电的全链条。"明阳集团董事长张传卫在接受上海证券报记者采访时说。 生态筑基：破解消纳难题 在中山火炬高新区，修葺一新的明阳集团总部大厦引人注目。这座建筑由建筑学家何镜堂院士设计，玻 璃幕墙应用60%透光的碲化镉薄膜发电玻璃，既兼顾建筑美观与办公采光，又实现了能源自发供给，整 栋建筑可常年"零电费"运行，成为绿色建筑的标杆。 总部大厦的建筑理念是明阳能源生态的一个缩影。以风电为核心锚点，明阳逐步构建起"风—光—储— 氢—燃"全链条体系。在集团展厅"氢从海上来"展示区，绿电从深远海风电场出发，经制氢设备转化为 氢能，再通过燃气轮机实现电力再生的动态图景，诠释着"生态闭环"的深刻内涵。 2025年12月28日，明阳集团联合深圳能源共同打造的30MW纯氢燃气轮机氢储能示范项目取得重大突破 ——机组实现纯氢发电并保持稳定运行，标志着全球首个30MW级"电—氢—电"实证示范项目成功从蓝 图变为现实，为大规模绿电消纳提 ...

在多场景实践中，明阳的生态闭环持续完善：在海南文昌，明阳智能将打造百万吨级深远海绿色电氢氨 醇示范项目，涵盖CZ9系列海上风电、生物质高温气化基地、绿电制氢配套装置等全链条设施；在河北 张家口，公司与阿里巴巴联合打造绿电与算力一体化协同项目，规划200MW风电装机和储能系统，预 计年发电7.97亿千瓦时；在广东湛江，公司与巴斯夫合作建设500MW海上风电场，成为巴斯夫湛江一 体化基地实现100%绿电供应的里程碑项目……通过多元化生态路径，明阳构建起可持续的能源消纳新 模式。 ◎记者 李五强 近日，上海证券报调研小分队走进明阳集团，探寻它从传统风机制造商加速向智慧能源服务商转型的破 局之路。"过去我们造一台风机，只想着让它发更多电；现在我们要让每台风机都成为智慧能源网络的 节点，连起发电、储能、用电的全链条。"明阳集团董事长张传卫在接受上海证券报记者采访时说。 生态筑基：破解消纳难题 在中山火炬高新区，修葺一新的明阳集团总部大厦引人注目。这座建筑由建筑学家何镜堂院士设计，玻 璃幕墙应用60%透光的碲化镉薄膜发电玻璃，既兼顾建筑美观与办公采光，又实现了能源自发供给，整 栋建筑可常年"零电费"运行，成为绿色建筑的标 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the electric power and new energy sectors, including Ningde Times, Mingyang Electric, and Sunshine Power [6]. Core Insights - The focus on affordability in the U.S. AI power sector is expected to influence the mid-term elections in 2026, with significant price increases in wholesale electricity driven by rising gas prices and capacity costs [2][15]. - The report highlights the potential for a significant increase in capacity prices due to the growing demand from data centers, which are projected to account for 95% of the incremental capacity [2][23]. - The "Energy as a Service" (EAAS) model is identified as a viable solution for data centers to achieve rapid power access while internalizing costs, with an estimated annual installation demand of 29-45 GW from 2026 to 2030 [4][31]. Summary by Sections Section 1: Price Increases and Capacity Demand - The PJM wholesale electricity price increased by 43.7% year-on-year, with gas prices contributing 66% and capacity price increases contributing 30% [2][15]. - The report estimates that capacity prices could rise by 100% to 300% from current levels due to the demand from data centers [2][15]. Section 2: Energy as a Service (EAAS) Model - The EAAS model is projected to maintain a demand of 29-45 GW per year from 2026 to 2030, with small gas turbines being economically advantageous [4][31]. - This model allows data centers to meet their urgent power needs while minimizing the impact on overall electricity costs [4][31]. Section 3: Electric Grid and Regulatory Changes - The report emphasizes the need for accelerated approval processes for electric grid and power sources to reduce electricity costs through economies of scale [3][31]. - Recent regulatory changes, including FERC's proposals, aim to streamline the approval process for large loads and enhance the capacity of the electric grid [31][40]. Section 4: Recommendations for Key Companies - The report recommends several companies for investment, including Ningde Times, Mingyang Electric, and Sunshine Power, all rated as "Buy" [9]. - Other recommended companies include Guodian NARI, Dongfang Electric, and Harbin Electric, which are positioned to benefit from the rising demand for electric power equipment [9]. Section 5: Market Dynamics and Future Outlook - The report anticipates a recovery in household solar storage demand driven by rising electricity prices, with potential for significant market growth [5][10]. - The overall electric power market is expected to experience a structural shift due to the increasing load from data centers, necessitating a reevaluation of investment strategies in the sector [31][35].

Investment Rating - The report maintains an "Overweight" rating for the power equipment sector [6] Core Insights - The report highlights new opportunities in the photovoltaic industry driven by space solar power initiatives and rising prices of battery components [1][17] - It emphasizes the importance of supply-side reforms and technological advancements in creating long-term growth opportunities within the industry [1][19] - The report identifies key companies to watch in various segments, including supply chain price increases, new technology growth, and perovskite solar cell developments [1][19][21] Summary by Sections Photovoltaics - The price of multi-crystalline silicon n-type raw materials remains stable, with an average transaction price of 59,200 RMB per ton [17] - N-type battery cell prices have increased to 0.42 RMB per watt, with a price range of 0.40-0.43 RMB per watt [17] - The report notes that rising silver prices have led to increased component costs, with distributed component prices now ranging from 0.70 to 0.80 RMB per watt [17] - SpaceX and Tesla plan to achieve a combined solar manufacturing capacity of 200GW annually in the U.S. within three years, with 40GW dedicated to space solar power [1][18] - Key companies to focus on include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar for supply-side reform opportunities [1][19] Wind Power & Grid - The Netherlands will launch a 1GW offshore wind project tender in September 2026, with a subsidy budget of approximately 32.45 billion RMB [19][20] - Turkey plans to initiate its first offshore wind tender by the end of 2026, aiming for 5GW of installed capacity by 2035 [19][20] - Southern Power Grid has set a fixed asset investment of 180 billion RMB for 2026, focusing on new power system construction and strategic emerging industries [20] - Companies to watch include Goldwind, Yunda, Mingyang Smart Energy, and Sany Heavy Energy in the wind turbine sector [20] Hydrogen Energy - A ceremony for the operation of 300 hydrogen fuel heavy trucks was recently held, showcasing advancements in hydrogen energy technology [3][21] - The trucks are equipped with a 130kW fuel cell system and can achieve a range of over 600 kilometers [3][21] - Key companies in this sector include Shuangliang Energy, Huadian Heavy Industry, and Shenghui Technology [3][21] Energy Storage - The report forecasts that new energy storage installations in China will reach 58.6GW/175.3GWh in 2025, a year-on-year increase of 38%/60% [4][22] - The average bid price for 2-hour energy storage systems is projected to be 0.55 RMB/Wh in 2025, down 16.9% from 2024 [4][22] - Companies to focus on include Sungrow Power, Canadian Solar, and Kehua Data for large-scale energy storage opportunities [4][22] New Energy Vehicles - CATL launched the "Tianxing II" series solutions for light commercial vehicles, including the industry's first intelligent battery management application [5][27] - The solutions cater to various scenarios, including high-frequency urban distribution and extreme temperature conditions [5][27] - Key companies in the battery sector include CATL, Penghui Energy, and Guoxuan High-Tech [5][29]

Group 1 - The core viewpoint of the article highlights that Mingyang Electric (301291) has a strong market share in the domestic data center market and continues to win bids among major competitors [1] - The gross profit margin of the data center business's power module products is slightly lower than that of the renewable energy business products [1]