2025 年 06 月 22 日 环保及公用事业 5 月用电量数据发布，虚拟电厂建设加 速推进 本周专题：虚拟电厂推进加速，商业模式进一步清晰 6 月 4 日，国家发改委与国家能源局发布《关于组织开展新型电力系 统建设第一批试点工作的通知》，通知提出要围绕构网型技术、系统 友好型新能源电站、智能微电网、算力与电力协同、虚拟电厂、大规 模高比例新能源外送、新一代煤电等七个方向开展试点工作。这是继 4 月"357 号文"发布后又一国家层面加快虚拟电厂发展的文件。地 方层面看，上海、陕西等地相继发布相关政策，虚拟电厂建设加速推 进。357 号文的发布，从明确准入条件、健全电能量市场机制、完善 辅助服务市场机制和优化需求响应机制四个方面，为虚拟电厂参与电 力市场提供了清晰的路径和规范。建议关注虚拟电厂/功率预测相关 标的，国能日新、朗新集团、东方电子、恒实科技、国网信通、协鑫 能科、合康新能等；以及受益于数据中心放量的绿电标的，同力日升 等。 行情回顾： 6 月 9 日-6 月 20 日上证指数下跌 0.75%，创业板指下跌 1.45%，公用 事业指数下跌 0.87%，跑输上证综指 0.12pct,环保指数下跌 3. ...

Group 1: Market Outlook and Growth - The company anticipates a robust market for centralized power forecasting, with a projected addition of approximately 200 GW of new wind and solar installations in 2025, maintaining a favorable operational environment for the industry [2][8] - In the first four months of 2025, solar power installations reached 104.93 GW, a year-on-year increase of 74.6%, while April alone saw a record addition of 45.22 GW, up 214.7% from the previous year [2][8] - Wind power installations totaled 19.96 GW in the same period, reflecting an 18.53% year-on-year growth [2] Group 2: Distributed Power Forecasting Policies and Market Demand - The growth of distributed solar power has significantly impacted grid dynamics, leading to the implementation of the "Four Available" management requirements by the National Energy Administration [4] - Since January 2025, the company has seen a rapid increase in clients for its power forecasting services in the distributed solar sector, driven by new regulatory requirements [4] Group 3: Competitive Landscape in Distributed Power Forecasting - The distributed power forecasting market is characterized by a large number of small-scale projects with lower unit prices, contrasting with the centralized market [5] - Major comprehensive group companies show limited interest in the distributed power forecasting market, leaving opportunities for smaller firms to expand their market share [5] Group 4: Integration of AI Technology in Power Trading - The company integrates AI technology into energy management, utilizing its proprietary "Kongming" AI meteorological forecasting model for precise predictions [6][7] - The AI-driven power trading decision support platform enhances trading strategies by analyzing power forecasts, market prices, and user preferences, facilitating a shift from broad management to refined operations [6][7] Group 5: Business Progress in 2025 - The company reports that its business developments in the first half of 2025 align with operational expectations, supported by a favorable market environment for the renewable energy sector [8] - Financial data will be disclosed in subsequent reports as per regulatory requirements [8] Group 6: A-Share Issuance Progress - The company has received approval from the China Securities Regulatory Commission for its A-share issuance to specific investors, and is actively advancing this process [9]

证券代码：301162 证券简称：国能日新 公告编号：2025-068 国能日新科技股份有限公司 关于参股公司完成工商变更登记的公告 二、工商变更登记情况 近日，天津驭能已办理完毕上述事项相关的工商变更登记手续，并取得了 由天津市武清区市场监督管理局换发的《营业执照》，主要登记信息如下： 1、名称：天津驭能能源科技有限公司 2、统一社会信用代码：91120222MA06CABL79 3、住所：天津市武清区京津电子商务产业园宏旺道 2 号 14 号楼 101 室-13 （集中办公区） 4、法定代表人：王炳升 5、注册资本：1,633.3332 万元人民币 6、类型：有限责任公司 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。 一、对外投资概述 国能日新科技股份有限公司（以下简称"公司"）于 2025 年 5 月 23 日召开 第三届董事会第十三次会议及第三届监事会第十三次会议，分别审议通过了《关 于对外投资暨关联交易的议案》，公司通过受让老股及现金增资的方式增加对参 股公司天津驭能能源科技有限公司（以下简称"天津驭能"）的投资，本次投资 金额共计 870 万元， ...

证券代码：301162 证券简称：国能日新 公告编号：2025-067 国能日新科技股份有限公司 | | | 雍正 | | | 名称 | 股东 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 是 | 致行动人 | 东及其一 | 第一大股 | 股股东或 | 是否为控 | | | | 2,100,000 | | （股） | 数量 | 本次质押 | | | | | 6.54 | | （%） | 比例 | 持股份 | 占其所 | | | | 1.75 | | （%） | 比例 | 总股本 | 占公司 | | | | 否 | | 售股 | 为限 | 是否 | | | 16 | 押手续之日 | 办理解除质 2025/6/ 否 | | 押 | 质押到期日 充质 始日 | 为补 质押起 | 是否 | | 任公司 | 融资 | 浙江轻工联 个人 典当有限责 | | | 质权人 用途 | 质押 | | 一、本次股东股份质押基本情况 注 1：表中占其所持股份比例、占公司总股本比例保留 2 位小数，由此产生的尾差是因四舍 五入导致； 注 2：本次质押的股份不存在 ...

一、董事会会议召开情况 国能日新科技股份有限公司（以下简称"公司"）第三届董事会第十四次会 议通知于 2025 年 6 月 12 日以书面方式送达全体董事和监事。本次会议于 2025 年 6 月 16 日在公司会议室召开。本次会议应出席董事 8 人，实际出席董事 8 人。 本次会议由董事长雍正先生召集并主持，公司监事、高级管理人员列席本次会议。 本次董事会会议的召集、召开和表决程序符合《公司法》、《公司章程》的有关 规定，会议合法有效。 证券代码：301162 证券简称：国能日新 公告编号：2025-064 国能日新科技股份有限公司 第三届董事会第十四次会议决议公告 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。 三、备查文件 1、第三届董事会第十四次会议决议； 2、第三届董事会战略委员会第五次会议。 特此公告。 二、董事会会议审议情况 1、审议通过《关于对外投资暨签署投资协议的议案》 基于公司发展战略及经营规划，同意公司与西藏东润数字能源有限公司（以 下简称"西藏东润"）及其全体股东签订《关于西藏东润数字能源有限公司的投 资协议》，公司以自有资金 6,250 ...

证券代码：301162 证券简称：国能日新 公告编号：2025-066 国能日新科技股份有限公司 关于对外投资进展暨签署投资协议的公告 持有西藏东润 20%的股权。 2025 年 6 月 16 日，公司召开第三届董事会第十四次会议及第三届监事会 第十四次会议，分别审议通过了《关于对外投资暨签署投资协议的议案》。根 据《深圳证券交易所创业板股票上市规则》《公司章程》等相关规定，本次对 外投资事项在公司董事会审议权限范围内，无需提交股东大会审议。 本次投资事项不构成关联交易，亦不构成《上市公司重大资产重组管理办 法》规定的重大资产重组。 三、投资标的的基本情况 1、公司名称：西藏东润数字能源有限公司 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。 一、对外投资概述 国能日新科技股份有限公司（以下简称"公司"、"投资人"或"国能日 新"）基于公司发展战略及经营规划，于 2025 年 4 月 29 日与西藏东润数字能 源有限公司（以下简称"西藏东润"或"标的公司"）、赵怀英、北京东润众 合科技中心（有限合伙）（以下简称"东润众合"）、北京东润众腾科技中心 （有限合伙） ...

国能日新科技股份有限公司 第三届监事会第十四次会议决议公告 本公司及监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。 一、监事会会议召开情况 证券代码：301162 证券简称：国能日新 公告编号：2025-065 特此公告。 国能日新科技股份有限公司 监事会 具体内容详见公司于 2025 年 6 月 16 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于对外投资进展暨签署投资协议的公告》。 表决结果：同意 3 票；反对 0 票；弃权 0 票；该项议案获审议通过。 三、备查文件 第三届监事会第十四次会议决议。 国能日新科技股份有限公司（以下简称"公司"）第三届监事会第十四次会 议通知于 2025 年 6 月 12 日以书面方式送达全体监事。本次会议于 2025 年 6 月 16 日在公司会议室召开。本次会议应出席监事 3 人，实际出席监事 3 人。本次 会议由监事会主席刘可可先生召集并主持。本次监事会会议的召集、召开和表决 程序符合《公司法》、《公司章程》的有关规定，会议合法有效。 二、监事会会议审议情况 1、审议通过《关于对外投资暨签署投资协议的议案》 ...

Investment Ratings - Electric Equipment New Energy: Buy (Maintain) [1] - Public Utilities: Buy (Maintain) [1] - Environmental Protection: Buy (Maintain) [1] Core Insights - The report maintains a positive outlook on investment opportunities in wind power, virtual power plants, nuclear fusion, and solid-state batteries, highlighting the potential for significant advancements and investments in these areas [3][4]. - The European Union's initiative to develop a fusion energy strategy is expected to enhance Europe's leadership in the ITER project and attract social investment, indicating a competitive edge in fusion technology development [3]. - The market remains focused on the "Document 136" and "Green Electricity Direct Connection," with a noted decline in overall electricity prices, particularly in photovoltaic sectors, while wind power prices remain stable [3]. Summary by Sections Electric Equipment New Energy - The report emphasizes the importance of high-quality assets in the context of "Document 136," recommending investments in wind power, virtual power plants, and energy storage [3][4]. - The wind power sector is expected to see a recovery in sales and profit margins due to improved output curves and the restructuring of new energy installation logic [4]. Public Utilities - The report notes stable coal prices, with domestic coal prices remaining unchanged at 618 CNY/ton as of June 13, 2025, while imported coal prices have slightly decreased [37]. - The focus on energy storage systems is highlighted, with several significant projects and tenders in the pipeline, indicating robust growth potential in this area [36]. Environmental Protection - The report suggests that the market may continue to speculate on controllable nuclear fusion and solid-state batteries, with a focus on domestic experimental projects and technological advancements in these fields [4]. - The report also indicates that the energy storage market is experiencing high growth, particularly in Europe and Southeast Asia, with a recommendation to monitor monthly data for household storage [4].

Summary of AIDC Power Equipment and Wind Power Weekly Data and Insights Report Industry Overview - The report focuses on the AIDC power equipment and wind power industry, highlighting key developments and trends in the sector for 2025 [1][4]. Key Points and Arguments 1. **Grid Investment Growth**: In March 2025, grid engineering investment reached 52 billion, marking an 18% year-on-year increase, continuing a double-digit growth trend from January to February [5][6]. 2. **Nuclear Power Projects Approval**: The State Council approved five nuclear power projects, totaling ten units, maintaining a consistent approval pace that boosts demand for nuclear equipment and related components [7]. 3. **Electricity Spot Market Development**: The National Development and Reform Commission (NDRC) is accelerating the construction of inter-provincial electricity spot markets, indicating a shift into the second phase of market development [8][3]. 4. **Trade Policy Adaptation**: Domestic leading companies are adapting to U.S. trade policy risks through capacity transfer and production adjustments, with clients showing a high acceptance of tariff pass-through [9]. 5. **Investment in Digital Energy**: Guoneng Rixin plans to acquire a 20% stake in Tibet Dongrun Digital Energy Co., which is expected to enhance industry concentration [10]. 6. **Smart Meter Tendering**: The first tender for smart meters by the State Grid saw a 25% decrease in quantity and a 35% decrease in value, but the launch of the new 24th version smart meter is expected to reverse the declining trend in unit value [13][14]. 7. **Wind Power Project Progress**: The offshore wind projects are advancing, with expectations for a performance turnaround in Q2 2025, while onshore wind components are seeing increases in both quantity and price [2][16]. 8. **Copper and Aluminum Price Trends**: Recent weeks have seen a slight increase in copper and aluminum prices, while black raw material prices have decreased by approximately 5% to 10% since the beginning of the year, positively impacting component manufacturers' profitability [15]. Additional Important Insights - **Distributed Renewable Energy Growth**: The installation ratio of distributed renewable energy is expected to increase in 2025 to meet future consumption needs [11]. - **Power and Grid Investment Trends**: Power investment is showing a slight decline compared to last year, while grid investment continues to grow, indicating a positive economic cycle [12]. - **European Offshore Wind Market Outlook**: The European offshore wind market is anticipated to reach a bidding turning point in 2025, with optimism for the second half of the year [17]. - **Sector-Specific Performance**: Recent performance in the wind power sector shows significant growth in components like bearings and castings, with expectations for margin recovery in the onshore wind segment by Q3 2025 [18]. This comprehensive summary encapsulates the critical developments and forecasts within the AIDC power equipment and wind power sectors, providing insights into investment opportunities and market dynamics for 2025.

Core Viewpoint - The article discusses the emerging importance of virtual power plants and electricity trading in the renewable energy sector, particularly in light of recent policy changes that encourage market participation for solar power plants [2][7][15]. Industry Trends - At the SNEC exhibition, virtual power plants and electricity trading were highlighted as key products by various companies, indicating a shift in focus from traditional solar components and storage solutions [2][4]. - The "136 Document" mandates that solar power plants will fully enter the market by May 31, 2025, transitioning from fixed pricing to market-based pricing, which raises concerns among solar plant owners about profitability [2][3][7]. Market Dynamics - Solar power plant developers are anxious about the implications of entering the spot market, with concerns about potential losses and the viability of their investments [3][11]. - The average price for solar power in Xinjiang has decreased by 0.56% year-on-year, highlighting the volatility in pricing as the market shifts [3]. Business Opportunities - Companies are beginning to offer virtual power plant and electricity trading services, with larger developers likely to manage these services in-house while smaller developers may seek external solutions [4][12]. - The market for these services is seen as a "blue ocean" opportunity, with significant potential for growth as the industry adapts to new regulations [4][6]. Policy Impact - Recent policies have opened up the possibility for electricity trading, with various provinces implementing regulations that require a portion of renewable energy to enter the market [7][8]. - The establishment of electricity spot markets across provinces, such as the recent launch in Hubei, is expected to increase price volatility and trading opportunities [8][9]. Financial Implications - The potential revenue difference for a 1GW solar power plant could reach 2 billion yuan based on market price fluctuations, emphasizing the financial stakes involved in electricity trading [8]. - Companies like Tongwei have already engaged in significant trading volumes, indicating a proactive approach to capitalize on these new market dynamics [13]. Technological Considerations - The success of virtual power plants and electricity trading services hinges on advanced algorithms and data analytics capabilities, which are critical for optimizing trading strategies [16][17]. - Companies must also ensure that their systems are capable of real-time monitoring and control of solar power generation to effectively participate in the market [17].