Core Viewpoint - The stock of Electric Wind Power has shown significant volatility, with a year-to-date increase of 76.89%, but recent declines in the short term indicate potential challenges ahead [1][2]. Group 1: Stock Performance - As of December 24, Electric Wind Power's stock price rose by 2.05% to 15.92 CNY per share, with a market capitalization of 21.23 billion CNY [1]. - The stock has experienced a net inflow of 2.19 million CNY from major funds, with significant trading activity reflected in a turnover rate of 0.34% [1]. - Year-to-date, the stock has seen a 76.89% increase, but it has declined by 0.31% over the last five trading days, 9.44% over the last 20 days, and 32.86% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Electric Wind Power reported revenue of 4.26 billion CNY, representing a year-on-year growth of 35.96% [2]. - The company recorded a net profit attributable to shareholders of -732 million CNY, a decrease of 53.51% compared to the previous year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Electric Wind Power increased by 38.54% to 41,400, while the average number of circulating shares per shareholder decreased by 27.82% to 32,218 shares [2]. - The company has distributed a total of 153 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 11.71 million shares, a decrease of 413,100 shares from the previous period [3].

12月23日，国内首条跨越秦岭的750千伏超高压输电线路——汉中750千伏输变电工程建成投运，标 志着陕南电网正式迈入超高压时代，为秦巴山区绿色发展打通了一条能源"高速路"。 汉中750千伏输变电工程是国家电网"十四五"规划重点工程，也是陕西骨干网架升级的关键项目。 工程线路起于宝鸡市凤翔区的宝鸡换流站，接入汉中市城固县的新建汉中750千伏变电站，全长459公 里。工程投运后可大幅提升汉中电网供电能力，年减排二氧化碳约1500万吨，将显著增强区域电网可靠 性，促进清洁能源高效并网。 工程线路穿越秦岭无人区与重冰区，是国内首条跨越40毫米重冰区的750千伏线路，路径多位于海 拔1200米以上山区，施工环境复杂。施工人员不仅要克服大边坡、大档距等施工困难，还要应对微地 形、微气象带来的低温、浓雾等复杂天气情况。 汉中750千伏输变电工程项目经理刘小波表示，国网陕西电力在工程建设中坚持绿色施工理念，科 学优化组织，创新采用全地形履带车运输、模块化组塔、机械化"架桥"运输、无人机导引绳展放和"一 塔一基"微创式施工等新技术、新工艺，实现了工程建设与生态环境的和谐共生，确保了工程高质量建 成。 "该工程投运后，将汉中的 ...

12月22日，北京能源国际控股有限公司披露，其全资附属公司京能国际（高邮）新能源有限公司拟收购扬州泰润新能源电力发展有限公司70%股权，交易 代价约3.71亿元（含税）。 收购事项完成后，目标公司位于江苏的渔光互补发电项目（装机容量约460兆瓦)，与集团现有位于江苏省高邮市的光伏发电项目在地理位置上相近，从而 为项目管理、营运效益及整体发电容量产生潜在协同效益，预期将提升集团的盈利能力。 北京能源国际表示，收购事项符合集团的发展策略，并提供契机，可藉此进一步扩展其清洁能源组合，优化资产结构，符合长期聚焦清洁及可再生能源领 域的策略，亦契合向绿色低碳能源体系转型的宏观趋势及中国十四五规划目标。 此外，收购事项预期将提升集团的运营规模及资产基础，通过整合管理及有效资源分配产生潜在运营协同效益，并加强集团于清洁能源市场的整体竞争 力，从而支持其可持续发展。 具体见下： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 北京能源國際控股有限公司 Beijing ...

原标题：潮涌海之南 "绿"动自贸港——中国华能助力高标准建设海南自贸港综述 日前，海南自由贸易港正式启动全岛封关。海南自由贸易港成形起势，是开放中国的生动缩影。在 这片热土上，中国华能作为最早扎根海南的发电央企，坚决贯彻党中央、国务院重大部署，贯彻能源安 全新战略，始终以"建设'三色'公司 服务能源强国"的使命担当，护航自贸港能源安全稳定供应，将澎湃 绿能化作自贸港产业升级的坚实保障，化作万家灯火的无限暖意。 积极服务海南经济社会高质量发展，中国华能在琼构建起集电力、热力、贸易、保险、证券、服务 等多元产业的综合发展格局，先后设立华能海南分公司、华能昌江核电公司等多家骨干企业，发起成立 国际能源交易中心，累计在琼投资超700亿元，目前发电总装机超542万千瓦，装机容量和市场份额全省 第一，年发电量约占全省统调三分之一。海南建省以来，中国华能在琼累计发电量占海南全社会用电量 超54%。 守望相助 筑牢能源安全"压舱石" "十四五"以来，中国华能立足国资央企新职责新使命，围绕集团公司"三六六"发展战略，将海南作 为战略要地、发展高地、投资重地，充分发挥央企"三个作用"，当好"三个排头兵"，深度融入海南"三 极一带 ...

Group 1: Robotics Business Development - The company has established robotics as its third strategic business segment following bearings and automotive chassis systems, with a product range including universal joints, precision shafts, and various specialized bearings [4] - Current production capacity includes 100,000 sets of roller screws and 10 million sets of universal joints, with plans to establish a capacity of 1.2 million specialized bearings by 2026 [4] - The company is focusing on optimizing its supply chain and expanding international production, particularly in Thailand [4] Group 2: Automotive Business Growth - Major automotive clients include BYD, Chery, Dongfeng, and international brands like Mercedes-Benz and BMW, with new clients such as Xiaomi and Li Auto contributing to growth [5] - Incremental products in the automotive sector include drive shafts and braking products [5] Group 3: Financial Performance and Projections - For the first three quarters of 2025, the company reported revenue of 10.406 billion yuan and a net profit of 773 million yuan, with expectations for continued growth in 2026 [7] - The company aims to enhance its core products and invest in new technologies related to chassis control and humanoid robotics [7] Group 4: Mergers and Acquisitions - The company is actively pursuing the acquisition of the American WAC company, with due diligence and negotiations ongoing [6] - Future investment plans include increasing stakes in startups within humanoid robotics, low-altitude economy, clean energy, and new energy vehicle components [8] Group 5: Employee Incentives - A stock option incentive plan was disclosed in March 2024, with the first exercise period completed in September 2025, aimed at enhancing profitability and employee engagement [9]

行业 铜期货日报 日期 2025 年 12 月 23 日 研究员：张平 021-60635734 zhangping@ccb.ccbfutures.com 期货从业资格号：F3015713 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号：F3025190 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 ＃summary＃ 每日报告 一、 行情回顾与操作建议 图1：沪铜走势及盘面价差 图2：伦铜走势及价差 数据来源：Wind，建信期货研究发展部 有色金属研究团队 研究员：余菲菲 研究员：彭婧霖 请阅读正文后的声明 数据来源：Wind，建信期货研究发展部 沪铜向上突破近期震荡区间，主力最高涨至 94730，01-02 价差扩大至 210，日央 行加息落地，日元大幅贬值，前期市场担忧日央行加息冲击市场并未落地，同时 美股 AI 板块大幅反弹，市场做多情绪回升，叠加日内贵金属板块全线大涨，带动 铜价走强。现货涨 1325 至 93675 元/吨，现货贴水扩大 35 至 195，年末下游接货 意愿 ...

Group 1: General Information - Report title: Carbonate Lithium Futures Daily Report [1] - Date: December 23, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3][4] Group 2: Market Review and Operational Suggestions - Carbonate lithium futures reached a new high this year, with total positions increasing by 26,408 lots, and the 05 - 01 spread widening to 1,900. Spot electric carbon rose 1,350 to 99,000. The trade market's premium/discount to the main contract was reported at (-3,500, -1,500). Australian ore rose 50 to 1,385, lithium mica ore rose 85 to 2,920, ternary materials rose 500 - 1,000, iron - lithium rose 315 - 330, and electrolyte remained flat [9]. - The slowdown in demand at the end of the year was obvious. The weekly production of power lithium batteries, ternary, and iron - lithium all slowed down last week, and the weekly de - stocking volume slowed down for three consecutive weeks [9]. - Overall, there was an expected difference on the supply side of carbonate lithium, and demand slowed down slightly. It was expected that the de - stocking intensity of carbonate lithium would stop falling and rise, and carbonate lithium futures were prone to rise and difficult to fall [9]. Group 3: Industry News - Over 60% of global key mineral demand was met through international trade, making the global supply chain vulnerable to geopolitical tensions, export controls, and refining bottlenecks. The supply - side vulnerability was increasing as the demand for major energy - transition minerals was expected to rise sharply by 2040. Copper and nickel markets might face shortages in the mid - 2030s, and lithium supply was concentrated in a few countries, with the concentration of the refining segment increasing from about 82% in 2020 to 86% in 2024. Governments had accelerated their responses, with the number of key mineral policies issued since 2020 nearly doubling that of the previous two decades [12]. - Battery metals such as lithium, nickel, and cobalt had faced a third difficult year, struggling to digest the supply wave after the 2022 price surge. However, the electric vehicle revolution continued, and the demand for batteries and battery - forming metals was still growing rapidly. Chinese companies were leading a technological revolution to develop more powerful batteries at lower costs. Not all battery metals would succeed in the intense competition. In the first 11 months of 2025, global electric vehicle sales increased by 21% year - on - year to 18.5 million. The Chinese electric vehicle market was mainly dominated by lithium iron phosphate (LFP) batteries, which were safer, cheaper, and had a narrowing performance gap compared to NCM batteries. In 2024, LFP batteries accounted for 48% of global electric vehicle batteries, and Macquarie Bank expected this proportion to rise to 65% by 2029 [13].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002060 证券简称：广东建工 公告编号：临2025-067 广东省建筑工程集团股份有限公司董事会 2025年12月23日 广东省建筑工程集团股份有限公司 关于粤水电布尔津县风电项目（三期50万千瓦） 上述项目的并网发电对公司未来经营业绩有一定的提升作用。截至目前，公司累计已投产发电的清洁能 源项目总装机5094.52MW，其中水力发电380.50MW，风力发电800.36MW，光伏发电3613.66MW，独 立储能300MW；制储氢600Nm3/h。 特此公告。 项目首台机组并网发电的公告 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。 2025年12月21日，广东省建筑工程集团股份有限公司（以下简称"公司"）全资子公司广东水电二局集团 有限公司下属广东粤水电能源投资集团有限公司投资建设的粤水电布尔津县风电项目（三期50万千瓦） 项目首台机组（10MW）并网发电运行。 ...

Core Viewpoint - Nanfang Electric Power Technology Co., Ltd. (南网科技) has experienced a stock price decline of 2.02% on December 23, with a current price of 43.55 CNY per share and a total market capitalization of 24.593 billion CNY. The company has seen a year-to-date stock price increase of 36.84% [1] Financial Performance - For the period from January to September 2025, Nanfang Electric reported a revenue of 2.099 billion CNY, a year-on-year decrease of 0.51%, while the net profit attributable to shareholders was 287 million CNY, reflecting a year-on-year increase of 2.52% [2] - The company has distributed a total of 443 million CNY in dividends since its A-share listing, with 395 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Nanfang Electric was 9,626, a decrease of 13.69% from the previous period. The average number of circulating shares per person increased by 15.86% to 23,727 shares [2] - The top ten circulating shareholders include various ETFs, with notable positions held by E Fund National Robot Industry ETF and Huaxia CSI Robot ETF, indicating a diversified institutional interest [3] Business Overview - Nanfang Electric specializes in clean energy technology and next-generation information technology, providing comprehensive solutions that include "technical services + smart devices." The main revenue sources are testing and commissioning services (31.99%), energy storage system technology services (23.42%), and smart distribution and power supply equipment (21.51%) [1]

日本政府一名官员透露，日本计划提供2100亿日元（约合13.4亿美元），帮助使用清洁能源的公司进行 投资，以推动对可再生能源的需求，并刺激地区经济增长。 这些补贴旨在帮助这个世界第五大二氧化碳排放国实现其清洁能源目标，并在风能和太阳能项目遭遇挫 折后减少对进口化石燃料的依赖。 日本经济产业省绿色转型（GX）政策小组主任Juntaro Shimizu表示，该计划将从2026财政年度开始，在 五年内提供资金。 他表示，完全依赖脱碳电力并为发电地区做出贡献的企业，将有资格获得补贴，最多可覆盖其资本支出 的一半。符合相同标准的数据中心运营商也将获得资格。 日本政府计划下一财政年度开始向符合条件的企业征求申请。 日本希望，到2040财年，可再生能源占其电力结构的比例最高可达50%，高于2023财年的22.9%，其中 核电将占20%，高于2023财年的8.5%。 新的支持措施是日本"GX 2040"愿景的一部分，这是一项将脱碳和产业政策相结合的国家战略，今年早 些时候得到了内阁的批准，旨在促进能源转型和经济增长。 作为该框架的一部分，日本政府将建立一个"GX战略地区"系统，以在低碳能源地区创建新的产业集 群。 他表示，完 ...