来源：新浪证券-红岸工作室 1月13日，新中港跌0.49%，成交额3.45亿元，换手率8.49%，总市值40.58亿元。 今日主力净流入-959.41万，占比0.03%，行业排名76/102，该股当前无连续增减仓现象，主力趋势不明 显；所属行业主力净流入-4.63亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-959.41万3463.97万3531.55万4309.61万2887.88万 主力持仓 异动分析 碳中和+碳交易+虚拟电厂+储能 1、2023年12月25日互动易：公司把"打造成具有规模优势，环保和碳排放强度可与天然气机组相媲美的 区域综合能源供应中心和碳中和中心"的区域公用热电联产企业作为发展目标。 目前公司减碳方面具体 措施主要是提效减碳和耦合减碳，提效减碳是公司通过新机组扩建和技术改造，进一步提高机组热效 率、?效率，从而降低碳排放强度；耦合减碳方面，公司控股子公司RDF生产线已经投产，公司耦合固 废和生物质燃料锅炉改造项目即将投运，逐步耦合并加大固废和生物质燃料的比例，将降低燃料成本及 大幅降低碳排放。 2、根据2022年4月10日公告：2019 年 ...

此外，成都还将创新碳积分、碳减排量与绿色采购、信用披露等多环节联动，健全碳汇替代性修复消纳 机制，出台引导和规范碳中和公益行动实施方案，赋能世界赛事名城和国际会展之都建设，打造一 批"碳中和"特色本土商品，创新文商旅体融合发展的碳中和示范场景。(完) 来源：中国新闻网 编辑：熊思怡 成都深化"碳普惠"改革 打造公众参与碳减排的制度化平台 中新网成都1月13日电 (记者 王鹏)如何让公众参与碳减排"看得见、算得清、能变现"，是当前城市推进 绿色低碳转型面临的课题之一。记者13日从四川省政府新闻办举行的新闻发布会获悉，成都市将以国家 要素市场化配置综合改革试点为契机，持续深化"碳惠天府"碳普惠特色品牌建设，打造公众参与碳减排 的制度化平台。 成都市生态环境局副局长杨庆介绍，"碳惠天府"是成都市于2020年在国内率先提出的碳普惠机制，通过 公众碳积分激励和项目碳减排量开发运营"双路径"，引导公众和企业参与低碳行动。该机制已被写入国 家批复的试点实施方案，成为全国10个要素市场化配置综合改革试点中唯一被单列的碳普惠专项改革任 务。 数据显示，目前"碳惠天府"平台用户数已超过400万，累计开发本地碳减排项目222个，7 ...

Core Viewpoint - The lithium battery industry is poised for a significant growth cycle in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological advancements, leading to a "spiral rise" in both volume and price [3]. Group 1: Conference Overview - The 2026 Lithium Battery Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit aims to address the supply-demand dynamics in the lithium battery sector, focusing on the critical materials needed for battery production and the expected supply shortages [5]. Group 2: Key Topics of Discussion - The conference will feature three main topics: 1. In-depth discussions on cutting-edge technologies and market supply-demand [5]. 2. Announcement of the "Top Ten Lithium Battery Material Brands of 2025," evaluated based on shipment volume, market share, and customer reputation [6]. 3. B2B procurement matchmaking to connect top battery manufacturers and material suppliers, enhancing resource matching and reducing procurement costs [7]. Group 3: Proposed Discussion Topics - Proposed topics for the main forum include: - Outlook on lithium ore resource supply for 2026 [9]. - Market environment discussions on lithium carbonate operations [9]. - Research and application of high-energy density power battery technology [9]. - Additional topics will cover trends in the global new energy vehicle market and the impact of policies on the lithium market [10][11]. Group 4: Participation and Costs - The participation fee for the conference is set at 2800 yuan per person, with a limited-time free attendance option available for the first 200 registrants [17].

Investment Rating - The industry investment rating is "Overweight" [3] Core Insights - The chemical industry is expected to continue its differentiated trend in 2026, with recommendations to focus on synthetic biology, pesticides, chromatography media, sweeteners, vitamins, light hydrocarbon chemicals, COC polymers, and MDI [6][7] - The arrival of a pivotal moment in synthetic biology is anticipated, driven by the adjustment of energy structures, which may disrupt fossil-based materials and favor low-energy products [7] - The implementation of quota policies for third-generation refrigerants is expected to lead to a high prosperity cycle, with demand remaining stable due to market expansion in Southeast Asia [8] - The electronic specialty gases market is characterized by high technical barriers and value, presenting significant opportunities for domestic substitution [10] - The trend of light hydrocarbon chemicals is becoming global, with a shift towards lighter raw materials in the olefin industry, which is expected to lead to a revaluation of leading companies in this sector [10] - The industrialization process of COC polymers is accelerating, with domestic companies likely to break through supply bottlenecks and expand market space [11] - Potash fertilizer prices are expected to rebound as the industry enters a destocking cycle, with supply pressures easing due to production cuts by major companies [12] - The MDI market is characterized by oligopoly, with a favorable supply structure expected to develop as demand gradually recovers [13] Industry Performance - The chemical sector's overall performance ranked 12th with a weekly change of 5.03%, outperforming the Shanghai Composite Index by 1.21 percentage points [5][22] - The top three performing sub-sectors were inorganic salts (10.92%), modified plastics (9.94%), and oil and gas refining engineering (8.67%) [25] Company Performance - The top three performing companies in the chemical sector for the week were Pulit (42.59%), Dawi Technology (35.34%), and Sanfu Co., Ltd. (32.29%) [29][30] - The companies with the largest declines included Hangzhou High-tech (-11.24%), Yahua Group (-6.59%), and Wind God Co., Ltd. (-5.48%) [31][32] Industry Dynamics - A recent anti-dumping investigation has been initiated against imports of dichlorodihydrosilane from Japan, which is expected to impact the domestic industry [38] - The restructuring of Sinopec and China Aviation Oil is a significant event in the state-owned enterprise reform landscape, aiming to enhance competitiveness in a complex international environment [38]

Investment Rating - The report assigns a positive investment rating to Guoliang New Materials, highlighting its leadership in the refractory materials industry and potential benefits from industry upgrades and increased concentration [1]. Core Insights - Guoliang New Materials has consistently focused on the refractory materials sector, emphasizing technological innovation and green development. The company has been recognized as a national-level "Little Giant" and is included in the key "Little Giant" list as of August 2025 [1][11]. - The company has a strong R&D team led by PhDs and has received multiple awards for its technological advancements. Its main revenue source is the overall contracting of refractory materials, which has seen a steady increase in revenue contribution from 85.64% in 2022 to 93.75% in 2025H1 [1][31]. - The company forecasts a revenue of 1.053 billion yuan and a net profit of 79.814 million yuan for 2025, representing year-on-year growth of 16.46% and 12.47%, respectively [1][45]. Company Overview - Guoliang New Materials specializes in high-temperature industrial refractory materials and provides integrated solutions, including design, manufacturing, installation, and maintenance [11][19]. - The company has established partnerships with numerous well-known steel manufacturers, leveraging its technological advantages and extensive industry experience [12][60]. - The company operates primarily in North China, with a market share of 4.83% in the region as of 2024 [3][10]. Financial Performance - For the first three quarters of 2025, the company reported total revenue of 787 million yuan, with a year-on-year increase of 21.18%, and a net profit of 53.3532 million yuan, up 4.41% year-on-year [1][44]. - The gross profit margin for the first three quarters of 2025 was 20.39%, reflecting stable profitability [1][48]. - The company’s overall contracting revenue for refractory materials has been the main source of income, with significant contributions from steel ladles, intermediate ladles, and iron water buckets [31][38]. Industry Insights - The refractory materials industry is experiencing a shift towards green and intelligent upgrades, with increasing demand for high-end refractory materials driven by the steel industry's evolving requirements [2][3]. - The overall production of refractory materials in China has shown fluctuations from 2017 to 2024, with a projected decline in 2024 due to various market factors [2][3]. - The steel industry remains the primary application area for refractory materials, accounting for approximately 65% of total usage [2][15].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][5][8]. Core Insights - The report emphasizes the importance of the "environment + resource" investment logic, highlighting that many environmental companies possess resource attributes, which can lead to stable profit models through the extraction of valuable materials from waste [2][16][18]. - The report notes a decline in the utilization rates of photovoltaic and wind power generation in 2025, with photovoltaic utilization at 94.8% and wind power at 94.3% for the year-to-date [1][14]. Summary by Sections Investment Strategy - Public Utilities: Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [3][22]. - Environmental Sector: Focus on mature sectors like water and waste incineration, with recommendations for companies like China Everbright Environment and Shanghai Industrial Holdings [3][23]. Market Performance - The report indicates that the Shanghai Composite Index rose by 2.79%, with the public utility index increasing by 2.54% and the environmental index by 3.88% [1][24]. - In the power sector, thermal power saw a 2.40% increase, while renewable energy generation rose by 3.74% [1][25]. Key Data Overview - In November, the national electricity generation reached 779.2 billion kWh, with a year-on-year growth of 2.7% [45]. - The report highlights that the total electricity consumption for the year-to-date is 9,460.2 billion kWh, reflecting a 5.2% increase year-on-year [58]. Company Profit Forecasts and Ratings - Specific companies are highlighted with their respective ratings and financial metrics, such as Huadian International with a PE ratio of 10.2 for 2024 and 8.1 for 2025 [8]. - Other recommended companies include Longyuan Power, Three Gorges Energy, and China Nuclear Power, all rated as "Outperform" [8][22]. Special Research - The report discusses the shift from viewing environmental companies as cost centers to recognizing their potential for value creation through resource recovery and recycling [2][16]. - It also outlines the significant price increases in metals due to geopolitical tensions and supply chain concerns, which could benefit resource-oriented environmental companies [2][21].

Core Viewpoint - Huaneng Power's stock price has shown fluctuations, with a recent decline of 2.07%, and the company has a market capitalization of 12.49 billion yuan. The company primarily engages in thermal power generation, with a significant portion of its revenue coming from electricity sales [1]. Group 1: Stock Performance - As of January 13, Huaneng Power's stock price is 6.15 yuan per share, with a trading volume of 180 million yuan and a turnover rate of 1.43% [1]. - Year-to-date, the stock has increased by 4.59%, with a 1.65% rise over the last five trading days, but has decreased by 2.07% over the last 20 days and 7.10% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Huaneng Power reported operating revenue of 6.362 billion yuan, reflecting a year-on-year growth of 3.23%. The net profit attributable to shareholders reached 357 million yuan, marking a significant increase of 954.94% year-on-year [2]. Group 3: Shareholder Information - As of September 30, 2025, Huaneng Power had 193,200 shareholders, an increase of 13.84% from the previous period. The average number of circulating shares per shareholder decreased by 12.16% to 10,512 shares [2]. - The company has distributed a total of 403 million yuan 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 23.67 million shares, an increase of 10.23 million shares from the previous period [3].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][8]. Core Insights - The report emphasizes the importance of the "environment + resource products" investment logic, highlighting that many environmental companies possess resource attributes and can extract valuable materials from waste [2][16]. - The report notes a decline in the utilization rates of photovoltaic and wind power generation in 2025, with a focus on the implications for investment strategies in the sector [1][14]. Summary by Sections Market Review - The Shanghai Composite Index rose by 2.79%, while the public utility index increased by 2.54% and the environmental index by 3.88% [1][24]. - In the power sector, coal and electricity prices are expected to decline, but profitability for thermal power is anticipated to remain reasonable [22]. Important Events - From January to November 2025, the national photovoltaic and wind power generation utilization rates were 94.8% and 94.3%, respectively, showing a year-on-year decline [1][14]. - The report discusses the implementation of the "Renewable Energy Green Power Certificate Management Implementation Rules," which will affect the issuance of green certificates for renewable energy [15]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [22]. - The report suggests focusing on environmental companies with stable cash flows and growth potential, such as China Everbright Environment and Shanghai Industrial Holdings [23]. Key Company Profit Forecasts and Investment Ratings - Huadian International (600027.SH) is rated "Outperform" with an expected EPS of 0.46 for 2024 and a PE ratio of 10.2 [8]. - Longyuan Power (001289.SZ) is also rated "Outperform," with an expected EPS of 0.75 for 2024 and a PE ratio of 20.4 [8]. - China Nuclear Power (601985.SH) is rated "Outperform" with an expected EPS of 0.46 for 2024 and a PE ratio of 21.2 [8].

本报特约记者 文 简 不过，路透社12日报道称，信实公司发言人否认可再生能源计划有任何变化，包括一座电池超级工厂原 计划于2026年开始运营。发言人在一封电子邮件中表示："电池储能系统制造、电池组制造和电芯制造 一直是我们储能计划的一部分，目前进展顺利。" 彭博社称，虽然暂停电池制造不会给信实公司立即造成经济打击，但"这凸显了其雄心勃勃的绿色能源 计划所面临的挑战"。报道称，若不能改善与北京的双边关系，那些被寄予厚望、有望助力印度完成碳 中和目标的印度企业就很难取得实质性进展。 彭博社12日引述知情人士的消息称，印度信实公司在未能获得中国技术后，已叫停其在印度生产锂电池 的计划。报道称，这反映出，即使是印度最强大的企业，在建立独立清洁能源供应链方面也面临重重困 难。 报道称，消息人士透露，信实集团原计划从今年开始生产电池，为此一直在与一家中国公司洽谈电池技 术许可事宜。这名人士宣称，由于中国方面对关键领域技术海外转让的规定，这家公司退出了拟议的合 作，谈判目前陷入僵局。 ...

资料显示，浙江新中港热电股份有限公司位于浙江省嵊州市剡湖街道罗东路28号，成立日期1997年10月 17日，上市日期2021年7月7日，公司主营业务涉及采用热电联产的方式进行热力产品和电力产品的生产 及供应。主营业务收入构成为：热电联产95.17%，储能电力4.73%，其他0.10%。 新中港所属申万行业为：公用事业-电力-热力服务。所属概念板块包括：小盘、碳中和、储能、QFII持 股、增持回购等。 来源：新浪证券-红岸工作室 1月13日，新中港盘中下跌2.75%，截至09:35，报9.90元/股，成交4369.88万元，换手率1.09%，总市值 39.66亿元。 资金流向方面，主力资金净流出301.81万元，特大单买入0.00元，占比0.00%，卖出110.06万元，占比 2.52%；大单买入743.33万元，占比17.01%，卖出935.08万元，占比21.40%。 新中港今年以来股价涨15.93%，近5个交易日涨11.86%，近20日涨13.53%，近60日涨12.63%。 截至9月30日，新中港股东户数2.29万，较上期增加12.16%；人均流通股17497股，较上期减少10.83%。 2025年1月 ...