2025 年 6 月 8 日 电力设备新能源、公用事业、环保 政策密集出台，新型电力系统将迎来突破式发展 ——电新公用环保行业周报 20250608 电力设备新能源 买入（维持） 公用事业 买入（维持） 环保 买入（维持） 作者 分析师：殷中枢 执业证书编号：S0930518040004 010-58452071 yinzs@ebscn.com 分析师：郝骞 执业证书编号：S0930520050001 021-52523827 haoqian@ebscn.com 分析师：陈无忌 执业证书编号：S0930522070001 021-52523693 chenwuji@ebscn.com 分析师：宋黎超 执业证书编号：S0930523060001 021-52523817 songlichao@ebscn.com 分析师：和霖 执业证书编号：S0930523070006 021-52523853 helin@ebscn.com 联系人：邓怡亮 021-52523802 dengyiliang@ebscn.com 行业与沪深 300 指数对比图 40% -20% 0% 20% 2024/6/7 2024/10/7 ...

证券研究报告·行业跟踪周报·电力设备 电力设备行业跟踪周报 海外算力催化利好 AIDC，欧洲电动车再超 预期 增持（维持） [Table_Tag] [Table_Summary] 投资要点 2025 年 06 月 08 日 证券分析师 曾朵红 执业证书：S0600516080001 021-60199793 zengdh@dwzq.com.cn 证券分析师 阮巧燕 执业证书：S0600517120002 021-60199793 ruanqy@dwzq.com.cn 研究助理 许钧赫 执业证书：S0600123070121 xujunhe@dwzq.com.cn 行业走势 -14% -10% -6% -2% 2% 6% 10% 14% 18% 22% 26% 2024-6-11 2024-10-9 2025-2-6 2025-6-6 电力设备 沪深300 相关研究 《马斯克回归 Optimus 量产在即，汽 车反"内卷式"竞争》 2025-06-02 《关税缓和需求小幅向上，固态新技 术如火如荼》 2025-06-02 东吴证券研究所 1 / 43 请务必阅读正文之后的免责声明部分 ◼ 电气设备 6714 上 ...

Core Viewpoint - The company, Far East Holdings, reported significant contract wins in May 2023, totaling approximately RMB 419.39 million, primarily driven by its smart cable network, smart battery, and smart airport businesses [1][2]. Group 1: Contract Wins and Business Segments - In May 2023, Far East Holdings secured contracts exceeding RMB 10 million, with the smart battery segment alone contributing nearly RMB 320 million [1][2]. - The company achieved two major collaborations in the industrial and commercial energy storage sector, with contracts worth RMB 261 million and RMB 25.08 million, respectively [2]. - In the residential energy storage sector, contracts worth RMB 11.53 million were obtained, and in the lithium battery sector, a contract worth RMB 22 million was secured [2]. Group 2: Business Independence and Future Impact - Far East Holdings stated that the new contracts will not affect the independence of its business operations and are expected to positively impact future performance if executed smoothly [3]. Group 3: Company Overview and Market Position - Founded in 1985, Far East Holdings has established itself as a leader in three main business areas: smart cable networks, smart batteries, and smart airports [4]. - The company has developed a comprehensive supply chain in the smart battery sector, covering everything from cells to energy storage systems, and is actively addressing market pain points with diverse product offerings [5]. Group 4: Technological Advancements and Revenue Growth - Far East Holdings is focusing on new technology development, including solid-state batteries and sodium-ion batteries, while also being a supplier of high-precision ultra-thin lithium battery copper foil [6]. - In 2024, the smart battery business saw the highest revenue growth among the three segments, with a revenue of RMB 1.654 billion, a year-on-year increase of 180.47% [6]. - The company secured over RMB 1 billion in energy storage contracts in 2024, marking a staggering year-on-year growth of 5605% [6]. Group 5: Continued Growth and Market Strategy - In 2025, the smart battery business continues to thrive, with significant projects like the 200MW/800MWh independent energy storage station in Hebei and the launch of a -45°C ultra-low temperature liquid-cooled energy storage container in Europe [7]. - The company is also enhancing its product offerings in the lightweight power market, launching new high-capacity cylindrical lithium-ion batteries that meet current market demands [7].

随着墨西哥、泰国基地的稳步推进，旭升集团正式搭建起"中国+北美+东南亚"三角产能网络，持续深 化"技术出海"与"本土共生"的双轨战略，在服务全球客户的同时，与合作伙伴共同成长，为中国企业的 国际化探索积累更多务实经验，构建可持续竞争优势，打造服务全球的轻量化零部件供应商。 5月30日，宁波旭升集团股份有限公司（股票简称：旭升集团股票代码：603305）在证券日报网路演平 台以"视频录播和文字网络互动"方式召开了公司2024年度暨2025年第一季度业绩说明会。公司管理层围 绕业绩报告披露的人形机器人、新能源轻量化、储能及海外基地包括墨西哥工厂及泰国新厂建设进度等 内容，积极主动向投资者介绍具体经营成果，并对投资者提出的问题作出详细解答。 旭升集团相关负责人表示，公司始终以铝、镁合金轻量化技术为核心，深耕新能源汽车主业，同时前瞻 布局储能、人形机器人等新兴领域，形成"技术深耕+跨界突破"的双轮驱动格局，以实现主业稳固精进 与新兴业务快速突破的协同发展。 旭升集团深度挖掘自身铝、镁合金精密加工专长，结合人形机器人独特的结构与性能需求，全力投入关 节壳体、躯干结构件等关键产品研发，轻量化结构件在未来人形机器人中大有可 ...

记者从深圳证券交易所获悉，6月4日至5日，深圳证券交易所在新加坡举办"深市上市公司新加坡交流 日"。交流现场，境外投资者高度关注深市公司的研发高投入，认为持续高比例研发投入，并积极探索 与AI融合应用，有助于推动各公司从"技术追随"转向"标准制定"，在储能、AI算力等新兴领域抢占全球 价值链高地。中信里昂新加坡相关负责人表示，此次推介活动是中国资本市场积极拥抱境外投资者的具 体体现，与会境外投资机构普遍反映投资中国市场具有重大战略意义和广阔发展机遇，看好A股市场的 中长期发展前景，认为在全球地缘政治不确定性加剧、关税争端持续及汇率波动的背景下，中国A股展 现出显著的相对优势和韧性。(央视新闻) ...

Summary of China Energy Engineering Corporation Conference Call Company Overview - **Company**: China Energy Engineering Corporation (中国能建) - **Industry**: Construction and Energy Key Points Financial Performance - New contracts, revenue, and profit reached historical highs, with nearly double-digit growth, leading among state-owned construction enterprises [2][3] - Domestic power business contract signing increased by approximately 4 percentage points year-on-year [3] Market Strategy - Optimized market layout with a focus on regional strategic alignment, resulting in the formation of a core market worth over 100 billion and multiple markets worth 50 billion [4] - New contract value expected to reach 1.4 trillion yuan in 2024, with over 300 billion yuan in Q1 2025 [4] Renewable Energy and Smart Energy - Contracts in renewable and integrated smart energy sectors accounted for nearly 40% of total contracts, showing significant year-on-year growth [6] - By the end of 2024, the company secured 70 GW of renewable energy development indicators, with a controlled installed capacity exceeding 15 GW [6] Research and Development - R&D expenditure for 2024 is close to 15 billion yuan, with an intensity of 3.35% [7] - Nearly 2,000 patents granted, with several projects recognized as national demonstration projects [7] Data Center Business - The company is strategically positioned in five key regions for data center development as part of the East Data West Computing initiative [8] - The first phase of the data center in Gansu Qinyang has been leased, with plans to start construction in Beijing and Shanxi [8] - Total investment in data centers is projected at approximately 17 billion yuan, excluding renewable energy and computing investments [10] Cost Management - Long-term electricity price agreements with clean energy sources are expected to significantly reduce operational costs for data centers [9] Storage and New Energy Projects - The company is actively developing various forms of energy storage, including pumped storage and compressed air storage [13][15] - Plans to establish 100 compressed air storage projects, with ongoing developments in Gansu and Hubei [15] Market Challenges and Adaptations - The company is adapting to regulatory changes, including the 136 document, which necessitates more cautious investment strategies [21] - Despite cash flow pressures due to increased asset-liability ratios, the company is implementing measures to stabilize financial conditions [21] Shareholder Engagement and Market Management - The company is committed to improving shareholder value through increased dividend payouts and potential share buybacks [22] - A planned directed issuance of 9 billion yuan is underway, with expectations for completion within the year [23][24] Future Outlook - The company is optimistic about future growth, particularly in the renewable energy and data center sectors, and aims to share development benefits with shareholders [22] Additional Insights - The company is focusing on technological innovation and has established a hydrogen energy company to enhance its market position [19] - The integration of energy and data center operations is expected to improve capital returns [11]

Overview of Investment - The company has announced the establishment of a wholly-owned subsidiary named Wuhu Tianchen New Energy Engineering Co., Ltd. with a registered capital of RMB 40 million [1][2] - The investment is made by Tianchen Green Energy Technology (Wuhu) Co., Ltd., a wholly-owned subsidiary of the company, using its own funds [1][3] Investment Details - The investment falls within the approval authority of the company's general manager and does not require board or shareholder approval [2] - The investment does not involve related party transactions and does not constitute a major asset restructuring as defined by relevant regulations [2] Business Scope of the New Subsidiary - The new subsidiary will engage in various activities including electrical installation services, construction project management, renewable energy technology research, and sales of energy-related equipment [2] - Specific projects include solar power technology services, wind power technology services, and electric vehicle charging infrastructure operations [2] Strategic Importance - The investment aligns with the company's development strategy and is expected to contribute positively to its long-term growth [3] - The funding source is from the subsidiary's own capital, ensuring no adverse impact on the company's financial and operational status [3]

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Core Viewpoint - Nord Co., Ltd. has established itself as a leading supplier of lithium battery copper foil globally, despite facing a net loss in recent financial results, the company is focusing on high-value-added products and expects to improve profitability in the future [1][2]. Financial Performance - For the fiscal year 2024, the company reported a revenue of 5.277 billion yuan, an increase of 15.44% year-on-year; however, the net profit attributable to shareholders was a loss of 352 million yuan, a decrease of 1387.59% [1]. - In Q1 2025, the company achieved a revenue of 1.409 billion yuan, up 34.29% year-on-year, while the net profit attributable to shareholders was a loss of 37.67 million yuan, an improvement of 60.09% year-on-year [1]. Product Development and Innovation - The company emphasizes R&D innovation, focusing on developing thinner, higher tensile strength, and higher elongation lithium battery copper foil products, including ultra-thin copper foil below 4.5 microns and high-end electronic circuit copper foil products [2][3]. - The company has successfully achieved stable mass production of 3-micron lithium battery copper foil and has seen rapid adoption of its 4.5-micron products by customers [2]. Market Outlook - The demand for lithium battery copper foil is expected to grow significantly due to the rapid development of the new energy vehicle and energy storage sectors, with China's new energy vehicle sales projected to reach 16.497 million units by 2025, accounting for 73.6% of global sales [4]. - Global lithium battery shipments are forecasted to grow from 1,545.1 GWh in 2024 to 5,127.3 GWh by 2030, with a compound annual growth rate (CAGR) of approximately 22.4% [4]. Industry Trends - The demand for high-end PCB copper foil is anticipated to rise, driven by advancements in AI technology and the growth of consumer electronics and servers, with a projected CAGR of 10% for high-end PCB copper foil demand by 2030 [5]. - The company is strategically positioning itself to meet the high-end PCB copper foil market demand by establishing advanced production lines in Hubei Huangshi [5].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000537 证券简称：中绿电 公告编号：2025-044 债券代码：148562 债券简称：23绿电G1 天津中绿电投资股份有限公司 关于高级管理人员辞职的公告 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。 天津中绿电投资股份有限公司（以下简称"公司"）董事会于2025年6月3日收到钱海先生的书面辞职报 告，钱海先生因工作变动提请辞去公司副总经理职务。辞去上述职务后，钱海先生将不再担任公司任何 职务。 根据《公司法》《公司章程》等有关规定，上述辞职报告自送达董事会之日起生效，钱海先生辞职不会 影响公司正常生产经营和管理活动。 截至本公告日，钱海先生未持有公司股票。钱海先生在公司任职期间，勤勉尽职，认真负责，公司董事 会对钱海先生任职期间为公司发展所做出的贡献表示衷心的感谢！ 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。 特此公告。 天津中绿电投资股份有限公司 董事会 2025年6月4日 证券代码：000537 证券简称：中绿电 公告编号：2025 ...