证券日报网讯赫美集团（002356）9月18日在互动平台回答投资者提问时表示，2025年上半年，公司深 化"清洁能源"和"零售消费"双轨战略，公司能源业务持续聚焦于风光电制绿氢绿醇项目推进、综合能源 站优化运营及氢电共享单车精细化运营。商业零售业务主要深耕国内消费市场，从事国际品牌服装、鞋 帽、箱包等商品的零售业务。公司风光电制绿氢绿醇相关项目的推进，将优化公司产业结构及新能源项 目的战略布局，未来在市场情况符合预期的情况下，将进一步提升公司的持续经营能力和盈利能力，实 现公司健康可持续发展。 ...

Core Viewpoint - The research team from Dalian Institute of Chemical Physics has developed a new type of hydrogen negative ion electrolyte and constructed the world's first prototype hydrogen negative ion battery, marking a significant advancement from conceptualization to experimental validation [1][2]. Group 1: Development of Hydrogen Negative Ion Battery - The hydrogen negative ion battery is considered a crucial component of future clean energy systems, utilizing hydrogen in three forms: hydrogen positive ions (protons), hydrogen negative ions, and hydrogen atoms [1]. - Unlike conventional lithium-ion batteries, hydrogen negative ion batteries use hydrogen negative ions as the charge carriers, which have high electron density and strong reactivity, making them a unique and promising energy carrier [1][2]. Group 2: Research Progress and Innovations - The research team initiated the study of hydrogen negative ion conduction in 2018 and proposed a strategy in 2023 to suppress electronic conduction through lattice distortion, leading to the development of a room-temperature superfast hydrogen negative ion conductor [2]. - A new core-shell structured composite hydride was created using barium hydride with low electronic conduction and high stability, which exhibits rapid hydrogen negative ion conduction at room temperature, along with excellent thermal and electrochemical stability [2]. Group 3: Experimental Results - The prototype hydrogen negative ion battery was assembled using sodium aluminum hydride as the positive electrode and cerium dihydride as the negative electrode, achieving a discharge capacity of 984 mAh/g for the first time [2]. - After 20 charge-discharge cycles, the battery maintained a capacity of 40 mAh/g, and a stacked battery configuration was able to increase the voltage to 1.9 volts, successfully powering a yellow LED light, demonstrating its feasibility for electronic devices [2]. Group 4: Future Implications - The hydrogen negative ion battery represents a novel energy storage technology pathway, with potential applications in clean energy storage and conversion [2].

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [2][8][10]. Core Views - The company is positioned as a leading player in the waste heat boiler sector, with significant growth potential in solar thermal and energy storage markets, alongside active expansion in nuclear power and solid oxide fuel cells (SOFC) [5][6][10]. - The company has a robust order backlog of 6.119 billion yuan as of June 30, 2025, providing a solid foundation for future revenue [7][10]. - The projected net profits for 2025-2027 are estimated at 443 million, 510 million, and 604 million yuan respectively, with corresponding price-to-earnings ratios of 28, 24, and 20 times [10][11]. Summary by Sections 1. Company Overview - The company has transitioned from a focus on waste heat boilers to a diversified clean energy equipment and solutions provider, with a strong emphasis on energy efficiency and low-carbon development [17][20]. - It is recognized as the largest and most comprehensive manufacturer of waste heat boilers in China, with a market share exceeding 50% [5][20]. 2. Business Segments - The main business segments include waste heat boilers, clean energy equipment, and comprehensive energy solutions, with a notable increase in revenue from clean energy equipment, which reached 1.025 billion yuan in 2024, a 33% year-on-year increase [20][23]. - The solutions segment has shown strong growth, accounting for over 50% of revenue in the first half of 2025, reflecting robust demand in high-energy-consuming industries [20][23]. 3. Market Position and Growth Drivers - The company is actively expanding its overseas market presence, with overseas sales accounting for 13.82% of total revenue in the first half of 2025, a 48.79% increase year-on-year [5][6]. - The company has made significant advancements in molten salt energy storage technology, participating in various demonstration projects and positioning itself for growth in solar thermal power and flexible coal-fired power generation [6][12]. 4. Financial Performance - The company's revenue experienced fluctuations, with a decline to 6.437 billion yuan in 2024, but net profit surged to 440 million yuan, a 705.7% increase from the previous year [38][39]. - The financial outlook remains positive, with expectations of continued profit recovery driven by improved product mix and cost management [39][40].

齐鲁晚报·齐鲁壹点记者 于民星 9月15日，2025山东清洁能源产业博览会在烟台开幕，中核集团、中广核、国家电投、中国华能等60余 家行业龙头企业在内的300多家企业集体亮相，集中展示风电、光伏、储能、海上新能源、充换电、氢 能、核能等清洁能源领域的先进技术和高端装备。 华电内蒙古10MW/34MWh数字储能电站项目就是云储新能源梯次利用动力电池规模化工程应用示范项 目的一个典型案例。张明表示，作为迄今国际单点规模最大集中式退役动力电池梯次利用储能电站，该 项目通过动态可重构电池网络技术，对退役动力电池进行数字化重组与智能管控，实现了退役电池无需 单体层面硬性拆解，直接实现模组/整包退役动力电池的梯次利用，实现了电池资产从车上到车下的无 缝衔接，是电池全生命周期的绿色低碳高效利用的变革性技术，具有巨大的社会经济环境价值，为规模 化梯次利用提供了可复制的技术范式，也是目前唯一一种本质安全的梯次电池储能利用的解决方案。 据介绍，云储新能源科技有限公司是清华大学技术转移企业，总部基地位于山东省烟台市，是一家能源 互联网核心网络设备、解决方案、运营服务提供商。其核心技术"动态可重构电池网络技术"已经广泛应 用于电源侧 ...

在论坛重磅发布的英华奖案例评选中，天伦燃气(1600.HK)凭借卓越的成长性和市场表现，荣获"英华港 股成长案例示范奖"。评委会指出，该公司在城乡燃气清洁能源领域的持续创新、稳健的财务表现及 ESG体系建设，为港股市场提供了高成长性企业的发展范式。 2025年以来，天伦燃气(1600.HK)股价表现亮眼，自年初以来，股价累计涨幅27.14%，并自4月低点起趋 势性上涨，累计涨幅已翻倍，截止9月15日，收盘价报4.67元，港股燃气板块中强势领涨。据悉，公司 上半年营收同比增长10.6%至42.42亿元，中期股息每股4.6分，派息率高达35%。销气量增长15.3%，增 值服务收入激增27.6%，形成双轮驱动。同时，多家机构看好其成长性，中泰国际上调评级至"增持"， 长江证券亦点评公司股息率长期位于燃气行业领先水平。高股息与业绩弹性共同推动公司价值重估，彰 显其作为高股息资产的增长潜力。 9月16日至17日，由中国基金报主办的"2025中国资本市场发展论坛暨上市公司论坛"在上海成功举办。 本次论坛以"洞见价值 智创未来"为主题，汇聚监管机构、专家学者及知名企业代表，共同探讨资本市 场改革新路径。 此次，中国基金报的 ...

9月16日至17日，由中国基金报主办的"2025中国资本市场发展论坛暨上市公司论坛"在上海成功举办。 本次论坛以"洞见价值 智创未来"为主题，汇聚监管机构、专家学者及知名企业代表，共同探讨资本市 场改革新路径。 在论坛重磅发布的英华奖案例评选中，天伦燃气(1600.HK)凭借卓越的成长性和市场表现，荣获"英华港 股成长案例示范奖"。评委会指出，该公司在城乡燃气清洁能源领域的持续创新、稳健的财务表现及 ESG体系建设，为港股市场提供了高成长性企业的发展范式。 2025年以来，天伦燃气(1600.HK)股价表现亮眼，自年初以来，股价累计涨幅27.14%，并自4月低点起趋 势性上涨，累计涨幅已翻倍，截止9月15日，收盘价报4.67元，港股燃气板块中强势领涨。据悉，公司 上半年营收同比增长10.6%至42.42亿元，中期股息每股4.6分，派息率高达35%。销气量增长15.3%，增 值服务收入激增27.6%，形成双轮驱动。同时，多家机构看好其成长性，中泰国际上调评级至"增持"， 长江证券亦点评公司股息率长期位于燃气行业领先水平。高股息与业绩弹性共同推动公司价值重估，彰 显其作为高股息资产的增长潜力。 此次，中国基金报的 ...

Core Viewpoint - Zhonglai Co., Ltd. has shown a slight increase in stock price and a mixed performance in recent trading days, indicating potential investor interest and market activity [1][2]. Company Overview - Zhonglai Co., Ltd. is located in Changshu, Jiangsu Province, established on March 7, 2008, and listed on September 12, 2014. The company specializes in the research, production, and sales of solar cell backsheets [2]. - The main business revenue composition includes: photovoltaic application systems (55.36%), components (24.10%), photovoltaic auxiliary materials (12.81%), others (5.46%), and batteries (2.27%) [2]. - The company belongs to the Shenwan industry classification of electric power equipment - photovoltaic equipment - photovoltaic cell components, and is associated with concepts such as BIPV, clean energy, BC batteries, perovskite batteries, and TOPCon batteries [2]. Financial Performance - For the first half of 2025, Zhonglai Co., Ltd. achieved operating revenue of 3.304 billion yuan, a year-on-year increase of 7.25%. The net profit attributable to the parent company was -169 million yuan, a year-on-year increase of 44.83% [2]. - Since its A-share listing, the company has distributed a total of 650 million yuan in dividends, with 194 million yuan distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Zhonglai Co., Ltd. was 53,100, a decrease of 1.04% from the previous period. The average circulating shares per person increased by 1.06% to 17,992 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 9.9871 million shares, a new addition, while Southern CSI 1000 ETF (512100) is the eighth largest with 8.0632 million shares, an increase of 1.5373 million shares from the previous period [3].

Core Insights - The Akesai Huidong New Energy Solar Thermal Project in Gansu, surrounded by thousands of "super mirrors," represents a significant advancement in renewable energy technology, showcasing the successful integration of solar thermal and photovoltaic systems [1][2] Investment and Environmental Impact - The total investment for the project is 5.06 billion yuan, with an annual electricity generation capacity of approximately 1.7 billion kilowatt-hours, sufficient to meet the annual electricity needs of 570,000 households [2] - The project is expected to reduce carbon dioxide emissions by about 1.47 million tons annually, equivalent to afforestation efforts covering 1.2 million acres [2] Technological Advancements - The project validates the superiority of the "solar thermal + photovoltaic" intelligent coupling power generation model, effectively addressing the intermittency and volatility issues associated with pure photovoltaic power generation [2] - The project enhances the grid's ability to accept renewable energy and improves stability, contributing to the development of a safe, efficient, and green new power system [2] Team and Operational Excellence - A team of technicians from Hunan played a crucial role in the project's commissioning, overcoming harsh conditions to ensure the stable operation of the solar thermal system and its integration into the power grid [1][2] - The project manager emphasized the team's commitment not only to technical expertise but also to advancing clean energy development, reflecting a broader mission to support national strategic goals and achieve carbon neutrality [2]

新闻聚焦 国内新闻 ◐藏粤直流输电工程启动建设。 据央视新闻报道，9月16日，我国"十四五"规划建设的跨省区输电重点工程，藏粤直流工程启动 建设，这是目前世界上输电能力最强、技术水平最先进、投资规模最大的柔性直流输电工程。2 02 9年全面投运后，每年可向粤港 澳大湾区输送超4 30亿度电能，相当于三峡电站年发电量的一半，10 0%为清洁能源。 ◐ 我国科研人员在无机光伏材料薄膜化领域取得新进展。 据新华社9月1 5日报道，从南京邮电大学获悉，该校柔性电子全国重 点实验室黄维院士和辛颢教授团队，用溶液法获得大面积"铜锌锡硫硒"光伏薄膜，并以10.1%的光电转化效率，验证了无机化合 物制备柔性光伏材料的产业化潜力。国际学术期刊《自然·能源》9月15日在线发表相关成果。 ◐美国下调日本汽车进口关税。 据央视新闻报道，当地时间9月15日，美国特朗普政府发布消息称，对日本汽车的进口关税将从 美国东部时间16日0时1分（日本时间16日13时1分）起，下调至15%。 ◐匈牙利将加速推进保克什核电站扩建项目。 据央视新闻报道，当地时间9月15日，匈牙利外长西雅尔多在国际原子能机构大会 上表示，匈牙利将不顾有关方面的阻挠，加 ...

Core Insights - The report indicates that China's stock market has shown signs of recovery with a slight increase in revenue and profit for listed companies in the first half of 2025, reflecting a year-on-year growth of 0.16% in revenue and 2.54% in net profit [1][2] Group 1: Financial Performance - Nearly 60% of companies in the market reported positive revenue growth, with over 75% achieving profitability [2] - Excluding the financial sector, the revenue of real economy listed companies remained stable at 30.42 trillion yuan, while net profit increased by 0.94% to 1.59 trillion yuan [2] - The growth rates for companies listed on the ChiNext, STAR Market, and Beijing Stock Exchange were notably higher, with revenue growth of 9.03%, 4.9%, and 6.08% respectively, and net profit growth of 11.18% for ChiNext [2] Group 2: Sectoral Insights - The automotive and home appliance sectors experienced significant growth, with net profit increases exceeding 30% and revenue growth over 9% respectively [3] - The logistics sector also showed resilience, with a 10% revenue increase among five listed companies in the express delivery industry [3] - The shipbuilding industry led global exports with a 38.6% increase in delivery value, while overall revenue growth for listed companies in this sector was 23.42% [3] Group 3: R&D and Innovation - Total R&D investment across the market exceeded 810 billion yuan, marking a 3.27% year-on-year increase, with a notable rise in R&D intensity among the ChiNext and STAR Market [4] - The introduction of new regulations for the sci-tech bond market has facilitated the issuance of 824 bonds, raising over 1.02 trillion yuan, with a significant portion attributed to private enterprises [4] Group 4: Corporate Governance and Shareholder Returns - The number of companies announcing cash dividend plans has increased, with a total of 818 companies disclosing such plans, resulting in a total cash dividend of 649.7 billion yuan [6] - The overall dividend payout ratio reached 31.97%, slightly up from the previous year, indicating a growing trend towards regular and standardized profit distribution [6] - The willingness of private companies to distribute dividends has also increased, with 15 companies announcing dividends exceeding 1 billion yuan [6] Group 5: Market Dynamics - The capital market is evolving into a virtuous cycle where technology-driven companies are expanding through financing, leading to new productivity and rapid growth [7] - The interplay between production and consumption is fostering a robust drive for high-quality development in the capital market [7]