Core Viewpoint - Recently, the establishment of Shen Chuang Low Carbon Technology Development (Jiangxi) Co., Ltd. was reported, focusing on various technology services and manufacturing in the low-carbon and renewable energy sectors [1] Group 1: Company Overview - Shen Chuang Low Carbon Technology Development (Jiangxi) Co., Ltd. has a registered capital of 10 million RMB [1] - The legal representative of the company is Wang Letao [1] Group 2: Business Scope - The company’s business scope includes technology services, development, consulting, and transfer related to low-carbon technologies [1] - It is involved in the manufacturing and sales of optoelectronic devices, electronic components, and various energy-related equipment, including photovoltaic power generation equipment [1] - The company also focuses on carbon reduction technologies, new materials research, and energy-saving management services [1]

本周核心观点：1）江苏广东发布2026年电力市场交易通知。近日，江苏、广东等地发布2026年电力市 场交易通知，明确2026年年度交易安排，其中，广东：2026年年度交易分阶段展开，12月5日至12月22 日，每日滚动开展年度双边协商交易、年度集中竞争交易、年度挂牌交易、年度绿电双边协商交易。江 苏：年度协商交易安排在12月12、15、16日，年度挂牌交易安排在12月11、17日，年度竞价交易安排在 12月11、17日。2）攀西特高压交流工程核准。根据国家和四川省"十四五"电力发展规划，为满足攀西 地区清洁能源基地电力送出需求，保障成都、川南负荷中心电力供应，进一步优化川南500千伏电网结 构，同意建设攀西特高压交流工程。工程总投资2317662万元，其中资本金463533万元，占总投资的 20%，由国网四川省电力公司出资，其余资金通过银行贷款解决。 行业核心数据跟踪：电价：2025年11月全国平均电网代购电价同比下降2%环比+2.8%。煤价：截至 2025/12/05，动力煤秦皇岛5500卡平仓价785元/吨，周环比下跌31元。水情：截至2025/12/05，三峡水库 站水位172.84米，2021、202 ...

Core Insights - The global industry is increasingly focusing on graphene, a two-dimensional material composed of carbon atoms, due to its exceptional electrical, thermal, and mechanical properties, marking the dawn of a golden application era for graphene [1] Group 1: Industrial Applications - Graphene has transitioned from a theoretical material to practical applications, with successful uses in batteries, electronics, thermal management, carbon capture, and hydrogen energy [2] - The versatility of graphene, as a "material family," allows for customization based on different molecular structures and defects, providing vast opportunities for industrial applications [2] - Graphene's role in the industry is evolving from being seen as an "industrial seasoning" to a "vitamin," indicating its deepening application value [3] Group 2: Market Development - The graphene industry is still in its early developmental stage, with a historical timeline of investment enthusiasm from 2013 to 2015, followed by a rational adjustment period until 2018, when practical applications began to emerge [3] - The global graphene industry is witnessing a shift from conceptual applications to real-world products, with advancements in photonics, modulators, and photodetectors [3][4] Group 3: Ecosystem and Collaboration - A healthy development of the graphene industry relies on a supportive ecosystem, with a complete support system from national strategies to local policies [5] - Collaborative innovation among academia, industry, and government is essential for overcoming challenges such as high production costs and low standardization [5][6] - Establishing joint research centers between universities and enterprises can bridge market needs with research resources, accelerating technology and product innovation [6] Group 4: Future Prospects - The next decade is expected to see graphene enter a golden application era, with significant demand projected, particularly in cooling technologies for AI computing and carbon-based chip technologies [7] - The European Union's roadmap anticipates a potential increase in global graphene demand to 170,000 tons annually by 2030, indicating substantial market growth [7] - Key focus areas for graphene in the coming years include sustainable development, healthcare, and communication technologies, particularly in the context of 6G and quantum communication [8]

Core Insights - The revenue ranking of capacitor companies for the first half of 2025 has been released, with Dongyangguang leading at 7.124 billion yuan, showcasing its technological accumulation and large-scale production in the aluminum electrolytic capacitor sector [1][2] - The products of Dongyangguang are widely used in consumer electronics and new energy vehicles, highlighting the company's strong position in supply chain and market channels [1] - Other notable companies include Three-circle Group, Fenghua High-tech, Jianghai, and Faratronic, with revenues of 4.149 billion yuan, 2.772 billion yuan, 2.694 billion yuan, and 2.499 billion yuan respectively, demonstrating their competitiveness in specific segments [1][2] Revenue Rankings - The top companies by revenue are as follows: - Dongyangguang (HEC) - 7.124 billion yuan [2] - Three-circle Group - 4.149 billion yuan [2] - Fenghua High-tech - 2.772 billion yuan [2] - Jianghai - 2.694 billion yuan [2] - Faratronic - 2.499 billion yuan [2] - The list includes both established players and newer entrants, indicating a mix of long-standing industry strength and fresh innovation [2] Industry Outlook - The capacitor industry is expected to see intensified technological and market competition, particularly with the growth of new energy and artificial intelligence sectors [1][2]

"更新"是今年经济主要的变化之一，消费场景的"更新"、基础的设备"更新"，再到城市"更新"，持续激发中国经济的活 力，也为百姓带来"更新"的生活。 在山东青岛港，绿色的能源正在改变港口的运行方式。这里不仅用上了光伏、风能和储能，连拖轮都用上了绿色燃料。全 国首艘氢电拖轮正在这里执行任务。 港口作业进行时 年吞吐量超7亿吨 在山东青岛港集装箱码头的作业现场，记者在一艘船的甲板上，这艘船是今年6月刚投入使用的全国首艘氢电拖轮。记者从 青岛港了解到，今年港口的货物吞吐量突破了7亿吨大关，其中集装箱的吞吐量也突破了三千万标准箱。这些数据的背后离 不开港口工作者的辛勤付出，也离不开新能源、新技术的加持。 续航超12小时 氢电拖轮亮点多 · 公开 政务信息 · 发布 行业动态 ·提供 公众服务 了解更多能源动态,请长按图片识别或扫描右侧二维码,关注国家能源局官方微信公众号。 记者所在的氢电拖轮搭载"氢燃料电池+液冷锂电池"的混动系统，在现场几乎感受不到发动机的震动和轰鸣，在9节航速的 情况下，续航可超12个小时，与传统燃油拖轮相比，它在设备寿命、能源利用等方面优势显著，预计每年减少二氧化碳排 放约1500余吨。此外，驾驶 ...

Core Points - Xiamen City has released a draft for public consultation on measures to promote the integrated circuit industry [2] - The measures include financial support for companies involved in core equipment development for integrated circuit manufacturing and testing, with subsidies up to 10 million yuan per year [2] - There is a focus on supporting key materials research, with subsidies up to 5 million yuan for companies developing critical materials for integrated circuits [2] - The initiative also targets strategic emerging industries, providing up to 5 million yuan for companies engaged in high-performance chip manufacturing and advanced packaging technology [2] Financial Support Measures - Companies developing core equipment for integrated circuit manufacturing can receive subsidies of up to 30% of their R&D expenses, capped at 10 million yuan annually [2] - For companies focused on key materials such as photolithography materials and semiconductor materials, subsidies can reach 5 million yuan, also at 30% of R&D expenses [2] - Companies addressing urgent needs in strategic sectors like AI and new energy can receive similar support for advanced manufacturing processes, capped at 5 million yuan [2]

2025年12月09日 国泰君安期货商品研究晨报-绿色金融与新能源 观点与策略 | 镍：结构性过剩转变，博弈矛盾并未改变 | 2 | | --- | --- | | 不锈钢：供需延续双弱运行，成本支撑逻辑增强 | 2 | | 碳酸锂：基本面向上驱动有限，区间震荡 | 4 | | 工业硅：关注新疆当地后续环保情况 | 6 | | 多晶硅：政治局会议再提"双碳"，盘面逢低做多为主 | 6 | 国 泰 君 安 期 货 研 究 所 期货研究 商 品 研 究 2025 年 12 月 09 日 镍：结构性过剩转变，博弈矛盾并未改变 不锈钢：供需延续双弱运行，成本支撑逻辑增强 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 请务必阅读正文之后的免责条款部分 1 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 118,030 | 240 | 180 | 2,50 ...

在全球科技叙事持续的背景下，A股科技板块继续震荡上涨，中证TMT指数2025年以来涨幅达36.95%，而随着行情的快速攀升，相关领域的 估值已处于历史中高水平，投资者难免有些"恐高"情绪。 截至2025年11月18日。中证TMT指数2020-2024年、2025年上半年涨跌幅依次为14.03%、3.69%、-30.86%、3.54%、18.83%、4.29%。指数数 据仅供参考，不作为任何投资建议或收益暗示。指数过往涨幅不预示其未来表现，也不代表跟踪该指数的指数基金未来业绩。 那么，当下投资科技创新领域，还有哪些估值相对合理、性价比较高的选择？创业板综合指数是值得关注的标的之一，当前PE（TTM）为 66.07倍，低于近10年72倍左右的平均值，仍处于近10年56%左右的分位水平。 截至2025年11月18日。 提及创业板市场，除了投资者熟知的创业板指、创业板50指数，其实创业板综合指数也是核心指数之一，且对创业板具有更广泛的覆盖面和 更全面的代表性。目前，创业板综合指数的成份股、总市值为1344只、17.17万亿元，分别占创业板市场的97%、99%。 截至2025年11月18日。 从多方面来看，创业板综合指 ...

创新为要 在金龙客车厦门制造基地的焊装车间，数台工业机器人挥舞机械臂，在空中划出精准的弧线。伴随着激 光传感器的细微闪光，一块块钢板被精准焊接成车身骨架，整个过程在现代化生产线上高效完成。这条 国内客车行业首条柔性化智能焊装线，实现了6种车型的混线生产，生产效率提升35%，产品一次交验 合格率达99.2%。 "智能制造不是选择题，而是必答题。"公司工程研究院副院长宋光吉站在总装车间的数据大屏前介绍。 屏幕上实时跳动着生产进度、质量数据和设备状态，每条产线都配备了5G+视觉检测系统，能自动识别 装配问题并实时报警。这套智能系统使公司在2024年实现了关键工序100%数字化管控。 智能生产线驶出的不仅是传统客车，更是面向未来的智慧产品。在金龙智慧园区，记者试乘了正在运营 的L4级别量产自动驾驶巴士，无方向盘、无油门、无刹车踏板，极具科技感和现代感。公司智能车营 销中心部长柯永瑞告诉记者，"这款巴士前后安装有激光雷达、毫米波雷达等传感器，不会像人一样'开 小差'，能持续监测路面情况、周围物体，实现路牌识别、自主避障、变道绕行"。通过激光雷达、毫米 波雷达和视觉感知系统的融合，车辆能在100毫秒内完成对周围环境的感知 ...

天眼查显示，近日，深圳坤泰能源科技有限公司成立，法定代表人为石磊，注册资本500万人民币，由 深圳易储数智能源集团有限公司全资持股。 经营范围含一般经营项目是：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；新兴 能源技术研发；新能源原动设备制造；新能源原动设备销售；光伏设备及元器件制造；光伏设备及元器 件销售；电机制造；风力发电技术服务；节能管理服务；气体压缩机械制造；储能技术服务；信息咨询 服务（不含许可类信息咨询服务）；工业互联网数据服务；商业综合体管理服务；软件开发；电池制 造；试验机制造；居民日常生活服务；软件销售；新材料技术推广服务；大数据服务；合同能源管理； 项目策划与公关服务；票据信息咨询服务；社会稳定风险评估；电池销售；电池零配件销售；新能源汽 车废旧动力蓄电池回收及梯次利用（不含危险废物经营）；资源再生利用技术研发；安全系统监控服 务。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动），许可经营项目是：发电业务、 输电业务、供（配）电业务。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营 项目以相关部门批准文件或许可证件为准） 企业名称深圳坤泰能源科技有 ...