Core Viewpoint - Longyuan Power (001289.SZ) reported a significant increase in power generation for 2025, with a total of 7,372,982 MWh, representing a year-on-year growth of 9.57% compared to 2024 [1] Group 1: Power Generation Performance - In December 2025, the company achieved a cumulative power generation of 76,469,353 MWh, which is a 1.22% increase year-on-year from 2024 [1] - Excluding the impact of thermal power, the year-on-year growth in power generation is 11.82%, with wind power increasing by 4.19% and solar power by 70.92% [1] Group 2: Monthly Performance - In the current month, wind power generation increased by 4.36% year-on-year, while solar power generation saw a substantial increase of 55.35% [1]

Core Viewpoint - The implementation of the EU Carbon Border Adjustment Mechanism (CBAM) on January 1, 2026, complicates the global climate governance landscape, necessitating China's transition from an "important participant" to an "active leader" in global climate governance [1][2]. Group 1: China's Role in Global Climate Governance - China aims to respond to international climate rules' uncertainties through a systematic transformation towards a green and low-carbon economy, turning external pressures into high-quality development drivers [1]. - The country is positioned as a significant supplier of green production capacity, leveraging its full industrial chain technology advantages in solar, wind, and energy storage sectors [1]. - Projects like the Al Dhafra Solar Power Plant in the UAE, with a capacity of 2.1 GW, exemplify China's commitment to reducing carbon emissions by 2.4 million tons annually and supporting local employment [1]. Group 2: Renewable Energy Cooperation - Through South-South cooperation, China has initiated renewable energy technology transfer projects with countries like Ghana and Zambia, providing clean energy solutions and creating numerous job opportunities [2]. - The De Aar Wind Power Project in South Africa, developed by China National Energy Group, delivers 770 million kWh of clean electricity annually, benefiting 300,000 households and training over 110 local technicians [2]. Group 3: Strategic Responses to CBAM - To address the challenges posed by CBAM, China needs to implement a systematic strategy that includes accelerating the national carbon market's development and establishing a transparent carbon accounting system [3]. - The focus should be on integrating affected industries like steel, aluminum, and cement into carbon market rules and exploring carbon pricing mechanisms to avoid double payments [3]. Group 4: Industry Decarbonization and Competitiveness - The "carbon barrier" represents a competition in green competitiveness, and industries must deeply decarbonize to gain a competitive edge [4]. - Companies like Baosteel and Taiyuan Iron and Steel are leading the way in reducing carbon footprints through innovative processes and clean energy adoption, setting benchmarks for high-energy-consuming industries [4]. - The overall goal is to create a new advantage in green supply chains, making low-carbon practices central to high-quality industrial development [4].

Group 1 - Guosheng Technology is expected to report a net profit attributable to shareholders of the listed company as negative for the fiscal year 2025 [30] - Dongfang Mingzhu indirectly holds 1.3182% of Super Fusion shares, but the company does not directly engage in AI business [4] - Tongfu Microelectronics plans to raise no more than 4.4 billion yuan through a private placement to enhance packaging capacity for storage chips and other projects [2] Group 2 - Jiangbolong's application for a specific stock issuance has been accepted by the Shenzhen Stock Exchange [2] - Taisen Wind Power's controlling shareholder subscribed to 174 million shares at 6.76 yuan per share, increasing its holding to 38.39% [2] - Goer Group plans to use up to 6 billion yuan of idle funds for entrusted wealth management [3] Group 3 - ST Xinya will lift other risk warnings and change its stock name to Xinya Process on January 13, 2026 [5] - China First Heavy Industries has only undertaken a small number of projects related to controllable nuclear fusion, with no revenue generated from these products [5] - Baogang Co. plans to adjust the price of rare earth concentrate for Q1 2026 to 26,834 yuan per ton, a slight increase from the previous quarter [6] Group 4 - A total of 2.2 billion yuan is expected to be lost by Aerospace Morning Light in 2025, a reduction in loss compared to the previous year [14] - Shaanxi Guotou A expects a net profit of 1.438 billion yuan in 2025, a year-on-year increase of 5.7% [15] - Poly Developments anticipates a net profit loss of 16 billion to 19 billion yuan for 2025 [19]

截至2025年12月31日，本公司2025年累计完成发电量7646.94万兆瓦时，较2024年同期同比增长1.22%， 剔除火电影响同比增长11.82%，其中风电同比增长4.19%，光伏同比增长70.92%。 龙源电力（001289）(00916)发布公告，龙源电力集团股份有限公司(以下简称"本公司"，连同其附属公 司合称"本集团")2025年12月按合并报表口径完成发电量737.3兆瓦时，较2024年同期同比增长9.57%。 本月风电发电量同比增长4.36%，光伏发电量同比增长55.35%。 ...

截至2025年12月31日，本公司2025年累计完成发电量7646.94万兆瓦时，较2024年同期同比增长1.22%， 剔除火电影响同比增长11.82%，其中风电同比增长4.19%，光伏同比增长70.92%。 智通财经APP讯，龙源电力(00916)发布公告，龙源电力集团股份有限公司(以下简称"本公司"，连同其 附属公司合称"本集团")2025年12月按合并报表口径完成发电量737.3兆瓦时，较2024年同期同比增长 9.57%。本月风电发电量同比增长4.36%，光伏发电量同比增长55.35%。 ...

截至2025年12月31日，本公司2025年累计完成发电量76,469,353兆瓦时，较2024年同期同比增长 1.22%，剔除火电影响同比增长11.82%，其中风电同比增长4.19%，光伏同比增长70.92%。 格隆汇1月9日丨龙源电力(00916.HK)公告，2025年12月按合并报表口径完成发电量7,372,982兆瓦时，较 2024年同期同比增长9.57%。本月风电发电量同比增长4.36%，光伏发电量同比增长55.35%。 ...

龍 源 電 力 集 團 股 份 有 限 公 司（以 下 簡 稱「本公司」，連 同 其 附 屬 公 司 合 稱「本 集 團」）2025年12月按合併報表口徑完成發電量7,372,982兆 瓦 時，較2024年 同期同比增长9.57%。本月風電發電量同比增长4.36%，光 伏 發 電 量 同 比 增 長55.35%。 截 至2025年12月31日，本 公 司2025年累計完成發電量76,469,353兆 瓦 時， 較2024年同期同比增长1.22%，剔除火電影響同比增長11.82%，其 中 風 電 同 比 增 長4.19%，光 伏 同 比 增 長70.92%。 – 1 – 2025年12月 本 集 團 發 電 量 詳 情 如 下： | | | | | | | 年累計 | | --- | --- | --- | --- | --- | --- | --- | | | 2025年12月 | 2024年12月 | 12月 | 2025年 | 2024年 | 發電量 | | 業務板塊及地區分佈 | 發電量 | 發電量 | 同比變化率 | 累計發電量 | 累計發電量 | 同比變化率 | | | （兆 瓦 時） | （兆 瓦 ...

Core Viewpoint - Longyuan Power (001289) reported a significant increase in power generation for December 2025, indicating strong growth in both wind and solar energy sectors [1] Group 1: Power Generation Data - In December 2025, Longyuan Power achieved a total power generation of 7.373 million megawatt-hours, representing a year-on-year increase of 9.57% compared to December 2024 [1] - The wind power generation in December 2025 increased by 4.36% year-on-year, while solar power generation saw a substantial rise of 55.35% [1] Group 2: Cumulative Power Generation - As of December 31, 2025, the cumulative power generation for the year reached 76.4694 million megawatt-hours, reflecting a year-on-year growth of 1.22% compared to 2024 [1] - Excluding the impact of thermal power, the year-on-year growth in cumulative power generation was 11.82%, with wind power increasing by 4.19% and solar power surging by 70.92% [1]

格隆汇1月9日丨龙源电力(001289.SZ)公布，2025年12月按合并报表口径完成发电量7,372,982兆瓦时， 较2024年同期同比增长9.57%。本月风电发电量同比增长4.36%，光伏发电量同比增长55.35%。截至 2025年12月31日，本公司2025年累计完成发电量76,469,353兆瓦时，较2024年同期同比增长1.22%，剔 除火电影响同比增长11.82%，其中风电同比增长4.19%，光伏同比增长70.92%。 ...

证券代码：001289 证券简称：龙源电力 公告编号：2026-002 龙源电力集团股份有限公司 注：1.自 2024 年 10 月起，本公司按合并报表口径不再拥有火电控股装机。 2. 本公告中提供的数字经过整数调整，因此若总计数字与所列各项之和出现尾数差异，皆 因整数调整所致。 3. 因乌克兰项目所在当地电网升压站受损停运仍在维修，导致当月无法实现并网发电。 2025年12月发电量数据公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 龙源电力集团股份有限公司（以下简称"本公司"）2025 年 12 月按合并报 表口径完成发电量 7,372,982 兆瓦时，较 2024 年同期同比增长 9.57%。本月风电 发电量同比增长 4.36%，光伏发电量同比增长 55.35%。 截至 2025 年 12 月 31 日，本公司 2025 年累计完成发电量 76,469,353 兆瓦时， 较 2024 年同期同比增长 1.22%，剔除火电影响同比增长 11.82%，其中风电同比 增长 4.19%，光伏同比增长 70.92%。 1 业务板块及地区分布 2025 年 12 ...