智通财经网·2025-09-03 08:39Group 1 - The core viewpoint is that the energy consumption target assessment in the 14th Five-Year Plan is expected to catalyze green electricity demand, and the establishment of a sustainable pricing mechanism for new energy will clarify future industry profit expectations, suggesting to seize the turning point opportunities in the sector [1] - In the first half of 2025, the net profits of the thermal power, hydropower, nuclear power, wind power, and solar power sectors were 431.1 million, 262.4 million, 116.2 million, 107.6 million, and 8.6 million yuan respectively, with year-on-year growth rates of 6.9%, 10.6%, -10.6%, -10.2%, and -37.6% [1] - The price of Qinhuangdao 5500 kcal thermal coal rebounded to 688 yuan/ton, an increase of nearly 100 yuan/ton from the year's low, but still down by 151 yuan/ton year-on-year [1] Group 2 - In July, the total electricity consumption reached 10,226 billion kilowatt-hours, marking a record high and a year-on-year increase of 8.6%, with growth accelerating by 3.2 percentage points compared to June [2] - The electricity consumption in the primary, secondary, tertiary industries, and residential life was 170, 5,936, 2,081, and 2,039 billion kilowatt-hours respectively, with year-on-year growth rates of 20.2%, 4.7%, 10.7%, and 18.09% [2] - The new installed capacity for wind and solar power in July was 2.28 GW and 11.04 GW respectively, with year-on-year declines of 44.0% and 47.6%, primarily due to the decline in the rush for installation following the "530 policy" [3]