Core Viewpoint - Yongzhen Co., Ltd. is expanding its business into the downstream application layer of the photovoltaic industry by investing in a new energy storage project in Baotou, which is expected to enhance its integration with the power station system and improve its operational efficiency [2][3]. Group 1: Investment and Project Details - Yongzhen Co., Ltd. announced plans to invest approximately 1.31 billion yuan in the Baotou energy storage project, which includes a 300,000 kW/1,800,000 kWh energy storage station and a 220kV booster station [1][2]. - The project is located in the Inner Mongolia Autonomous Region and is expected to start construction in June 2024, with completion and grid connection by December 31, 2024, resulting in a total construction period of 7 months [2][3]. - The energy storage project will utilize a cluster management system with lithium iron phosphate batteries and is designed to provide emergency power for critical facilities in Baotou [3][4]. Group 2: Financial Performance and Market Conditions - In 2024, Yongzhen Co., Ltd. reported a revenue of 8.183 billion yuan, a year-on-year increase of 51.80%, but the net profit attributable to shareholders decreased by 27.71% to 268 million yuan [4]. - The first quarter of 2024 showed a revenue of 2.585 billion yuan, a 74.81% increase year-on-year, while net profit dropped by 60.07% to approximately 26.86 million yuan [4]. - The decline in profitability is attributed to intense competition in the photovoltaic industry, leading to lower processing fees for aluminum frames and extended payment terms from downstream customers [4]. Group 3: Policy Support and Future Outlook - The Inner Mongolia Energy Bureau has established a subsidy standard of 0.35 yuan per kWh for grid-side independent new energy storage stations, with a compensation period of 10 years, providing a stable revenue expectation for Yongzhen Co., Ltd. [5][6]. - The successful completion of the Baotou energy storage project is anticipated to generate favorable returns for the company, enhancing its financial stability and market position [6].

今年4月28日，伊比利亚半岛发生大规模停电，导致西班牙和葡萄牙的关键基础设施陷入瘫痪。本次停电 在部分地区持续长达15小时，官方已对停电的原因展开调查。本次系统性停电事故影响数百万人，也引 发了对西班牙电网韧性的关注。在当局着手调查此事件期间，一直存在着关于网络袭击的猜测，但西班牙 电网运营商西班牙电网公司（Red Eléctrica de España）已排除了这一可能性。 停电始于中欧时间中午12:30之后不久，在短短几秒内有近15吉瓦的电力供应被切断。下表展示了系统负 荷骤降的情况，在此情况下，需要分阶段重启才能让发电设备重新上线。 点击图片查看大图 点击图片查看大图 虽然大规模停电并不常见，但此次事件突显了能源转型面临的一项重要挑战，即需要维持足够的黑启动能 力及灵活的负荷跟踪资源。当前风能和太阳能等多数可再生能源通过跟网型逆变器接入电网。这类设备依 赖现有的电网频率信号运行，无法独立重启电网或独自提供辅助服务。虽然将其与电池储存技术结合使用 可以释放构网能力，但当前西班牙市场上的储电系统部署和集成较为有限。 随着西班牙和其他国家向清洁能源转型，大部分能够提供黑启动服务的发电方式正逐步遭到淘汰。仅过去 ...

文/梧桐数据中心 二、控股股东、实际控股人 段友涛直接持有公司38.00%的股份，并通过鼎盛盈科间接控制公司4.87%的股份，张伶俐直接持有公司32.16%的股份，二人合计控制公司75.03%的股份，二人系 夫妻关系，同时段友涛担任公司董事长兼总经理，张伶俐担任公司董事兼副总经理，因此公司控股股东、实际控制人为段友涛和张伶俐夫妇。 6月17日，北京昊创瑞通电气设备股份有限公司创业板IPO申请获得深交所上市委审核通过。 单位：万元 | | 创业板 | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 | 主营业务 | 2024年营收 | 2024年净利润 | 审核结果 | 保荐/律所/审计 | | 昊创瑞通 | 智能配电设备的研发、 | 86,725.23 | 10,989.96 | 通过 | 长江证券/国浩 (北京) | | | 生产和销售 | | | | 天健 | 昊创瑞通 是一家专注于智能配电设备及配电网数字化解决方案的高新技术企业，主要从事智能配电设备的研发、生产和销售，主要产品包括智能环网柜、智能柱 上开关和箱式变电站等。公司控股股东、实际控制人 ...

张智刚会见巴西国家电力公司首席执行官伊万·蒙特罗 金十数据6月17日讯，据"国家电网"微信公众号，6月17日，中国国家电网有限公司董事长张智刚在公司 总部会见巴西国家电力公司首席执行官伊万·蒙特罗。双方表示在过去良好合作的基础上进一步深化合 作，并就可再生能源开发利用、电网建设、市场开拓等深入交换意见。 ...

Core Viewpoint - The upgrade of the power grid in Zhangpu County's Jiuzhen Town is essential for supporting the local agricultural development, particularly in the context of increasing electricity demand due to the peak agricultural season [1][3]. Group 1: Agricultural Context - Jiuzhen Town is a core area for specialty agriculture in Zhangpu County, featuring extensive lychee orchards and rice fields [1]. - The current agricultural season is critical, with irrigation and pesticide application activities underway, highlighting the urgent need for reliable electricity supply [1]. Group 2: Power Grid Upgrade - The original power line, with a diameter of 95 square millimeters, was insufficient to meet the growing demands of irrigation, processing, and cold chain logistics [1]. - The power company replaced the existing 95 square millimeter insulated wire with a 180 square millimeter insulated wire over a distance of 700 meters, enhancing the reliability of the power supply [3]. - The upgrade involved the installation of three new knife switches and was completed in seven hours, ensuring uninterrupted power for over 400 households during the construction [3]. Group 3: Impact on Local Agriculture - The upgraded power supply is crucial for the lychee preservation process, allowing for immediate cooling after harvest, which is vital for maintaining quality [3]. - Local farmers expressed confidence in taking larger orders due to the improved reliability of the cold chain logistics following the power grid upgrade [3]. - The power company plans to continue optimizing the power grid layout to support the electricity needs of specialty agriculture, contributing to rural revitalization efforts [3].

Core Insights - Chengdu is actively addressing the increasing electricity load and summer peak power supply pressure through innovative technology and product testing in real environments [1][2] - The first scene innovation technology, the "Building Diesel Power Demand Response System," has been officially put into operation in Chengdu [1][2] - The electricity load in Chengdu has surpassed 20 million kilowatts, reaching 20,388,000 kilowatts in August 2024, reflecting the growing demand for electricity in the region [1] Group 1 - The Chengdu Housing and Urban-Rural Development Bureau organized an on-site observation activity for building backup diesel generator power demand [2] - The system utilizes virtual power plant technology and microgrid technology, allowing backup diesel generators to participate in power demand response [2] - The system can operate in demand response mode during peak summer periods and emergency situations, effectively alleviating regional grid pressure [2] Group 2 - Experts conducted on-site verification and evaluation of the project, confirming its potential to utilize existing backup resources in buildings [2] - The proposed solution meets national technical standards and is deemed feasible, safe, and reliable, with demonstration and promotion value [2]

Core Viewpoint - The demand for suspension insulators in China is increasing due to urbanization and the need for upgraded electrical infrastructure, particularly in high-voltage transmission lines and smart grid construction, despite a temporary decline in market size in 2023 [1][12]. Industry Overview - Suspension insulators are critical components used to support and insulate high-voltage power lines, made from materials like glass, ceramics, and composite materials [3][5]. - The industry has evolved from simple ceramic and glass designs to advanced materials like silicone rubber and composites, enhancing performance and durability [5]. Market Dynamics - The market size for suspension insulators in China saw a continuous increase from 2020 to 2022, but experienced a 25.85% decline in 2023 due to insufficient domestic demand and intensified competition [1][12]. - A recovery is expected in 2024, with the market size projected to reach 4.134 billion yuan, reflecting a year-on-year increase of 78.86% driven by increased investment in ultra-high voltage networks [1][12]. Investment Trends - China's investment in the power grid is projected to grow from 469.9 billion yuan in 2020 to 608.3 billion yuan in 2024, with a 14.60% increase in the first four months of 2025 [10]. - This investment surge is anticipated to boost the demand for suspension insulators significantly, as they are essential for the construction and maintenance of power transmission systems [10]. Competitive Landscape - The Chinese suspension insulator market is characterized by numerous domestic companies, including Dalian Electric Porcelain Group, Nanjing Electric Group, and Zhejiang Jinlihua Electric Equipment, each with strengths in various market segments [16][17]. - Competition is fierce in the mid-to-low-end product market, while a few companies dominate the high-end market, particularly in ultra-high voltage insulators [16]. Export and Import Dynamics - China primarily exports suspension insulators, benefiting from competitive pricing, quality, and delivery times, while imports focus on high-performance insulators for specific applications [14]. - In the first four months of 2025, China imported 0.09 million tons and exported 11.12 million tons of insulators, indicating a strong export orientation [14]. Future Development Trends - The industry is moving towards smart insulators integrated with sensors for real-time monitoring of operational conditions, enhancing reliability and maintenance efficiency [21]. - There is a growing emphasis on developing high-performance products to meet the demands of high and ultra-high voltage transmission lines, necessitating increased R&D investments [22][23]. - The Belt and Road Initiative is opening new markets for suspension insulator companies, encouraging local production and technological collaboration to meet regional demands [24].

公司目前在建和已拿到指标容量超 1GW，正在开发阶段的项目容 量约 2GW-3GW。这些在手项目指标和储备项目足够在未来 3 至 5 年为 公司新能源发电业务板块提供持续的增长，本年一季度末公司与华电 合作的巴彦二期 100MW 风电项目已经完成并网发电，除此之外公司还 有众多在建/储备项目正处于有序进行建设和推进阶段。 证券代码：300040 证券简称：九洲集团 哈尔滨九洲集团股份有限公司投资者关系活动记录表 编号：2025-006 | 投资者关系活动 | 特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （ ） | | 参与单位名称及 | 陈玲-兴全基金固收部总监助理兼基金经理 | | 人员姓名 | 黄煜杰-兴全基金固收部研究员 | | | 薛怡然-兴全基金权益部基金经理助理 | | | 郝骞-光大证券 | | 时间 | 年 月 日 2025 6 13 | | 地点 | 哈尔滨 | | 上市公司参与人 | 董事会秘书 李真 | | 员姓名 | | | | 一、公司情况介绍 ...

2025 年 6 月 16 日 星期一 ➢ 每日大市点评 港股大盘上周冲高回落，受中东地缘紧张局势升级影响，恒生指数全周仅微升 0.4%，收报 23,892 点。恒生科指全周下跌 0.9%，收报 5,239 点。以央国企为主的恒生香港中资企业指数全周则上升 1.7%，连升第五周。上周题材板块表现积极， 交易 BD 预期的医疗保健行业分类指数全周大升 8.8%，黄金及有色金属相关个股带动原材料分类指数上升 7.0%。必选消 费、可选消费及信息科技则逆市下跌。 上周新能源及公用事业港股普遍上涨。主要火电股上升。华能国际(902 HK)、大唐发电(991 HK)、华电国际(1071 HK)全 周分别上升 3.3%、12.3%、4.8%。表面上，夏天用电旺季来临有利火电企业。另一方面，个别电力设备港股获得投资者支 持。东方电气(1072 HK)及上海电气(2727 HK)分别上涨 10.9%、13.7%。近日世界银行宣布解除自 2013 年起实施的核能项 目融资禁令，中国制造企业有望受惠，尤其加大出口至发展中国家。 5 月中国通胀、进出口及金融数据出炉，显示经济温和修复下，存在结构不均衡。5 月核心 CPI 温和增长 ...

Core Insights - The average power outage time for urban and rural users in China has decreased significantly compared to 2020, with urban areas seeing a 28% reduction and rural areas a 44% reduction [1] - Major cities in regions like Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta have average outage times below 1 hour, with some core areas experiencing outages measured in minutes, reaching levels comparable to advanced cities globally [1] Investment in Power Infrastructure - Chinese power companies have increased their investment year-on-year, with total investments from 2020 to 2023 amounting to 1,018.9 billion, 1,078.6 billion, 1,247.0 billion, and 1,550.2 billion RMB respectively, reflecting growth rates of 22.8%, 5.9%, 15.6%, and 24.7% [1] - These investments are directed towards building ultra-high voltage and conventional transmission channels, optimizing grid structures, upgrading distribution networks, and advancing smart grid construction [1] Improvement in Power Supply Reliability - The reduction in power outages is attributed to enhanced grid infrastructure and the implementation of self-healing technology in distribution networks, which allows for rapid restoration of power after faults [2] - The "no-sense self-healing" technology developed by Guangdong Power Grid enables quick takeover of power supply within 1 millisecond after a fault, significantly improving recovery times and user experience [2] Summer Power Supply Outlook - The summer months from June to September are critical for the power sector in China, with expectations of high temperatures and potential power supply challenges in certain regions [3] - The National Energy Administration anticipates overall power supply security but warns of possible tight supply during peak periods, implementing measures to enhance monitoring, optimize inter-provincial power sharing, and improve demand-side response [3]