核心观点 2024 年公司实现营业收入296.19 亿元，同比增加1.64%，主要系发售电量同比上升所致； 归母净利润 39.44 亿元，同比增加14.04%，主要系煤价下行后煤电业绩改善。2024Q1 营收73.37亿元，同比减少 9.09%，主要系发电量减少所致；归母净利润10.11亿元，同比减少12.82%，主要系售电量减少及投资收 益同比减少。 截至2024 年底，公司控股装机容量为1795.5 万千瓦，同比增加5.95%，其中公司新能源控股装机容量 612.96 万千瓦，占公司控股装机容量的34.1%。2024 年公司完成发电量586.23 亿千瓦时，同比增加 6.4%。公司2024 年公司现金分红22.02 亿元，股利支付率为55.84%，对应股息率为4.74%，高分红高股 息优势明显。 我们预期公司2025 年至2027 年归母净利润分别为43.73 亿元、46.03 亿元、46.91 亿，维持"买入"评级。 事件 简评 高分红高股息优势明显，维持"买入"评级 公司加快绿色低碳发展步伐，海南CZ2 项目实现首批风机并网，新疆大基地项目实现突破，市内海上 风电项目取得重要进展。2024 年公司现金 ...

新华财经北京4月29日电（记者王小璐） 29日，中国钢铁工业协会召开一季度信息发布会。中国钢铁工 业协会副会长兼秘书长姜维作为发言人在会上表示，当前钢铁行业"稳的态势在持续、"新"的动能在成 长，"绿的特征在扩展，但也面临供给强于需求、钢价震荡下行等困难，持续推动行业运行向稳向好仍 需付出艰苦努力。 一季度，钢铁生产总体保持稳定，市场供需格局呈现供给强于需求的态势。全国粗钢产量达2.59亿吨， 同比增长0.6%；生铁产量为2.16亿吨，同比增长0.8%；钢材产量3.59亿吨，同比增长6.1%，而全国折合 粗钢表观消费量为2.30亿吨，同比下降1.2%。 在钢材出口方面，一季度钢材出口保持高位。当季钢材累计出口2743万吨，同比增长6.3%，出口均价 706美元／吨，出口总额194亿美元；累计进口钢材155万吨，同比下降11.3% ，折合粗钢净出口2903万 吨，同比增长17.9%。 价格与成本方面，钢材价格同比下降，中国钢材价格指数（CSPI）平均值为95.59点，同比下降 13.66%。同时，主要原燃料采购成本均下降，进口铁矿石均价99.1 美元／吨，同比下降21.3%，重点统 计钢铁企业进口粉矿采购成本同 ...

Core Viewpoint - The draft of the "Ecological Environment Code" is presented for review, marking China's second law named as a "code" after the Civil Code, aimed at promoting harmonious coexistence between humans and nature [1] Summary by Sections General Principles - The draft consists of five parts, with the General Principles section outlining important legal principles and comprehensive legal systems applicable to other sections, comprising 143 articles [2][3] - The legislative purpose is to protect the ecological environment, prevent pollution, ensure public health, and promote green development [3] Pollution Prevention - The Pollution Prevention section includes provisions for air, water, marine, soil, and solid waste pollution, totaling 525 articles [4] - It integrates existing pollution prevention laws and regulations, focusing on specific pollutants [4][10] Ecological Protection - The Ecological Protection section emphasizes a systematic protection approach, covering ecosystem protection, natural resource conservation, species protection, and important geographical unit protection, with 265 articles [5][6] - It aims to address ecological degradation and restoration while ensuring sustainable use of natural resources [6] Green Low-Carbon Development - The Green Low-Carbon Development section focuses on critical areas related to ecological protection, establishing legal frameworks for circular economy, energy conservation, and climate change response, comprising 113 articles [6] - This section is unique to China's ecological environment code, highlighting its value in promoting new development concepts [6] Legal Responsibilities and Appendices - The Legal Responsibilities and Appendices section outlines general rules, penalties, and additional provisions, consisting of 142 articles [6] - It establishes legal responsibilities for the prohibitive and obligatory provisions in the previous sections [6] Systematic Integration of Existing Laws - The code aims to systematically integrate over 30 existing environmental laws and more than 100 administrative regulations, addressing inconsistencies and conflicts among them [7][10] - It categorizes existing laws into three treatment types: full integration, selective incorporation, and new provisions for emerging legal needs [8][9] Practical Implications - The draft provides a comprehensive legal basis for pollution prevention, enhancing the protection of public ecological interests [10][13] - It incorporates effective pollution prevention practices into legal provisions, filling existing legal gaps and guiding future legislation [12][13]

Investment Rating - The report maintains a "Buy" rating for Huaneng International, expecting a relative price increase of over 20% compared to the market benchmark index within the next six months [19]. Core Views - In Q1 2025, Huaneng International reported a revenue of 603.35 billion yuan, a year-on-year decrease of 7.70%, while the net profit attributable to shareholders increased by 8.19% to 49.73 billion yuan [2][3]. - The decline in coal prices has positively impacted profitability, with the profit per kilowatt-hour for coal power increasing by 0.0174 yuan year-on-year to 0.048 yuan [4]. - The company continues to see growth in renewable energy, with wind and solar power generation increasing by 8.81% and 51.2% year-on-year, respectively, contributing to a significant rise in profits from solar energy [5]. Financial Performance Summary - For Q1 2025, the average on-grid electricity price decreased by 1.96% year-on-year, while the company's sales gross margin and net margin improved by 2.98 percentage points and 2.6 percentage points, reaching 19.05% and 11.53%, respectively [3]. - The total profit from coal power generation was 39.82 billion yuan, reflecting a year-on-year increase of 40.96% [4]. - The company plans to invest 512 billion yuan in wind and solar power projects in 2025, marking a year-on-year increase of 64.01 billion yuan [5]. Earnings Forecast - The report projects net profits for Huaneng International to be 101.64 billion yuan, 105.56 billion yuan, and 108.77 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 11.2, 10.8, and 10.5 [5].

Core Viewpoint - The Hubei Provincial Government has introduced an action plan to enhance ecological carrying capacity as part of the "Beautiful Hubei Strategy," aiming to establish Hubei as a significant strategic support point for the central region's rise by improving its ecological environment [1][2]. Group 1: Goals and Timeline - The action plan outlines a three-step goal: by 2027, promote green low-carbon development with improved ecological quality; by 2030, achieve significant results in green transformation of production and lifestyle; and by 2035, establish a widely adopted green lifestyle with fundamentally improved ecological conditions [1][2]. Group 2: Key Actions - The action plan focuses on six major actions to create a "Beautiful China Pioneer Zone," including comprehensive governance of lakes and rivers, pollution prevention in agriculture and chemical industries, and biodiversity protection [2]. - It emphasizes continuous improvement of ecological quality through source control, pollution interception, and restoration efforts, targeting water, air, and soil pollution [2]. Group 3: Environmental Resource Utilization - The plan proposes actions to promote green low-carbon development by adjusting industrial, energy, and transportation structures, and establishing an ecological environment zoning control system [2]. - Hubei aims to build three major systems: green industry, green energy, and green institutions, enhancing the value conversion of ecological products [2]. Group 4: Rural and Urban Development - The action plan includes initiatives to develop green low-carbon cities and livable rural areas, with a focus on improving agricultural practices and rural living conditions [3]. - Significant achievements in agricultural environmental improvement have been reported, including a comprehensive utilization rate of 94% for straw and 79% for livestock waste [3]. Group 5: Market Mechanisms - The plan highlights the need for innovative mechanisms to realize the value of ecological products, including the expansion of the national carbon market and the promotion of market-oriented reforms for carbon emissions, water rights, and pollution rights [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司2024年年度报告摘要 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到http://www.sse.com.cn/网站仔细阅读年度报告全文。 2、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 3、公司全体董事出席董事会会议。 4、立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司提议2024年度向全体股东按每10股派发现金股利2.90元（含税）。剩余未分配利润滚存到以后年 度。 第二节 公司基本情况 1、公司简介 ■ 2、报告期公司主要业务简介 根据中国电力企业联合会《2024-2025年度全国电力供需形势分析预测报告》（下称报告），2024年全 国电力系统稳定运行，电力供需总体平衡。2024年，全国全社会用电量9.85万 ...

生态环境法典编纂目前采取了适度法典化的模式，对现行有效的30多部生态环境法律分情况处理。 生态环境法典草案27日提请十四届全国人大常委会第十五次会议首次审议。 参与编纂生态环境法典的全国人大环资委副主任委员、中国法学会副会长吕忠梅表示，《生态环境法 典》作为承担生态文明建设宪法任务、履行国家责任的重要方式，是中国生态环境法律体系现代化的标 志性立法。当前，编纂生态环境法典已经具备良好基础，条件成熟、正当其时。 党的二十届三中全会通过的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》对实 现"人与自然和谐共生的现代化"进行全面部署，并明确提出编纂《生态环境法典》的重点任务。 吕忠梅介绍称，生态环境法典本质上是在对生态环境保护领域现行的30多部法律、100多件行政法规、 1000多件地方性法规以及党的十八大以来生态文明法治实践成果进行梳理的基础上，通过系统整合、编 订纂修、集成升华等方式，形成价值统一、结构合理、逻辑顺畅、务实管用的统一法律文本。 生态环境法典统筹考虑大气、水、土壤等生态环境要素，坚持山水林田湖草沙一体化保护和系统治理， 协同推进降碳、减污、扩绿、增长，解决生态环境领域制约高质量发展与高 ...

Core Viewpoint - The new leadership of the China Petroleum and Chemical Industry Federation emphasizes the importance of the petroleum and chemical industry as a pillar of the national economy and its critical role in achieving China's modernization goals [5][6]. Group 1: Industry Importance - The petroleum and chemical industry is recognized as a vital support for national economic development, social stability, and national defense security [5]. - The industry has been highlighted by President Xi Jinping as essential for energy security and economic stability, with calls for high-quality development and contributions to national goals [5][6]. Group 2: Four Services - The Federation's mission includes serving the country, society, the public, and the industry, which are seen as fundamental responsibilities and the foundation of its existence [6][7][8]. - The focus on "Four Services" aims to align the Federation's work with national strategies and enhance its role in promoting high-quality development within the industry [6][7]. Group 3: Strategic Initiatives - The Federation plans to enhance its role as a strategic think tank, innovation platform, and service hub, focusing on seven key areas to support industry growth [10]. - Initiatives include improving industry monitoring, promoting modern industrial systems, fostering technological innovation, and advancing digital transformation [11][12][13][14][15][16][17]. Group 4: Governance and Compliance - Strengthening governance and compliance is deemed essential for the Federation's sustainable development, with a focus on establishing effective systems and enhancing operational transparency [19][20]. - The Federation aims to create a fair competitive environment through self-regulation and adherence to industry standards [19][20]. Group 5: Talent and Cultural Development - Emphasis is placed on talent development and cultural building within the industry to ensure a robust workforce capable of meeting future challenges [22][23]. - The Federation seeks to cultivate a culture of innovation and respect, drawing on historical industry values to enhance its brand and public image [23].

Core Viewpoint - The draft of the "Ecological Environment Code of the People's Republic of China" was presented for the first review at the 15th meeting of the 14th National People's Congress Standing Committee, marking a significant step in the legal framework for ecological civilization and environmental protection in China [1][2]. Group 1: Legislative Framework - The Ecological Environment Code consists of five parts: General Principles, Pollution Prevention, Ecological Protection, Green Low-Carbon Development, and Legal Responsibilities, totaling 1188 articles [1]. - This code is the second law in China to be named a "code," following the Civil Code, and represents a major legal initiative by the central government to promote harmonious coexistence between humans and nature [1][2]. Group 2: Systematic Integration - The compilation of the Ecological Environment Code aims to address the fragmented nature of existing environmental laws, which have led to inconsistencies and inefficiencies in regulatory frameworks [2]. - The code will not only compile existing laws but also integrate and innovate the legal system to enhance its systematic, holistic, and timely nature, adapting to new challenges and requirements [2][3]. Group 3: Focus Areas - The code will encompass comprehensive laws related to ecological protection and pollution prevention, while also addressing critical areas of green low-carbon development and climate change [3]. - It aims to incorporate essential legal norms related to water basins, natural resources, biodiversity, and circular economy, ensuring the code remains open and compatible with future developments [3].

Core Viewpoint - The "Beautiful Hubei" strategy is a crucial initiative for Hubei to accelerate its role as an important strategic support point for the rise of Central China, focusing on enhancing ecological carrying capacity through a systematic action plan [1] Group 1: Overall Goals - The action plan outlines a three-step overall goal: 1. By 2027, promote green low-carbon development with water quality in the Yangtze River and Danjiangkou Reservoir maintained at Class II or above, and Honghu water quality at Class IV [1] 2. By 2030, achieve significant results in the green low-carbon transformation of production and lifestyle, with comprehensive improvement in ecological quality [1] 3. By 2035, establish a widely adopted green production and lifestyle, fundamentally improving the ecological environment and achieving high standards for Beautiful Hubei [1] Group 2: Six Major Actions - The action plan includes six major actions with 18 key tasks aimed at enhancing ecological carrying capacity: 1. High-level protection and quality improvement of the Yangtze River, focusing on pollution prevention and biodiversity protection [2] 2. Continuous improvement of ecological environment quality through source control and pollution prevention [2] 3. Promotion of green low-carbon development by adjusting industrial and energy structures [2] 4. Construction of beautiful cities and villages, promoting green and livable environments [2] Group 3: Ecological Product Value Realization - The plan emphasizes innovation in ecological product value realization, including the expansion of the national carbon market and the promotion of market-oriented reforms for environmental rights [3] Group 4: Water Quality Improvement - Hubei aims for a 95.8% excellent water quality rate at national control sections by 2024, with continuous maintenance of Class II water quality in the Yangtze and Han Rivers [4] - The implementation of the river and lake chief system has led to significant improvements in water quality and increased public satisfaction [4] Group 5: Urban Renewal and Cultural Heritage - Hubei has renovated 22,000 old residential communities, benefiting 3.44 million households, and is promoting urban renewal and cultural heritage protection [6] - The province has developed guidelines for urban park scene creation, enhancing public recreational spaces [6]