Core Insights - The China Coal Industry Association (CCIA) held a press conference to review the coal industry's reform and development since the 14th Five-Year Plan and to summarize the economic operation of the coal sector in 2024 [1] - The coal supply has been steadily increasing, with a shift in production focus towards the central and western regions of China, enhancing the industry's overall strength and modernized coal production system [1][2] Production and Supply - In 2024, China's coal production reached 4.78 billion tons, an increase of 880 million tons compared to 2020 [2] - The western region's raw coal output increased from 2.32 billion tons to 3.04 billion tons, accounting for an increase of 4.2% of the national total [2] - The eight major coal-producing provinces contributed 4.36 billion tons, representing 91.3% of the national output, with significant increases in regions like Xinjiang and Ordos [3] Industry Structure and Optimization - The number of coal mines in China decreased from over 4,600 to fewer than 4,300, with the average production capacity per mine increasing from 1.1 million tons/year to over 1.4 million tons/year [4] - The coal washing rate reached 68% in 2024, with significant improvements in the comprehensive utilization rates of coal gangue and mine water [4] - New coal chemical industries are rapidly developing, with a shift from coal as a single fuel to a dual role as both raw material and fuel [4] Future Outlook and Challenges - The coal industry is expected to face transformation challenges as it approaches peak consumption around 2028, transitioning from a growth phase to a stabilization phase [5] - The industry will need to adapt to fluctuations in consumption while ensuring energy supply stability, particularly as renewable energy sources develop [5] - There are ongoing issues such as the need for optimized production layout, increased transportation demands, and low levels of R&D investment that require systematic solutions [6]

Core Viewpoint - The company, Hangzhou Fostar Deep Cold Equipment Co., Ltd., has reported significant growth in its financial performance for the year 2024, with a notable increase in revenue and net profit, reflecting its strong position in the deep cold equipment industry. Financial Performance - The company achieved operating revenue of 2,418.88 million yuan, representing a year-on-year growth of 12.20% [20] - The net profit attributable to shareholders reached 261.16 million yuan, an increase of 36.63% compared to the previous year [20] - The net profit after deducting non-recurring gains and losses was 233.85 million yuan, up 36.13% year-on-year [20] Business Overview - The company specializes in deep cold technology, focusing on the development, design, manufacturing, and sales of deep cold equipment, providing comprehensive solutions for customers [12] - Deep cold technology is applied in various industries, including natural gas, coal chemical, petrochemical, metallurgy, nuclear power, aerospace, and semiconductor sectors [12] - The company’s main products include air separation equipment, LNG (liquefied natural gas) devices, chemical cold boxes, and low-temperature storage tanks [12] Market Opportunities - The deep cold equipment market is expected to grow due to ongoing structural adjustments in the petrochemical industry and the push for carbon neutrality, which will drive demand for energy-efficient production processes [9][10] - Government policies aimed at promoting equipment upgrades and technological transformations in key industries are anticipated to create new market opportunities for deep cold equipment [10] Shareholder Information - As of the reporting period, the company had a total of 160 million shares, with a proposed cash dividend of 0.50 yuan per share, amounting to a total distribution of approximately 79.21 million yuan [7] Fundraising and Financial Management - The company successfully raised 746 million yuan through its initial public offering, with a net amount of approximately 658.89 million yuan after deducting issuance costs [21] - The company has established a management system for the use of raised funds, ensuring compliance with relevant regulations and effective oversight [23] Future Outlook - The company aims to leverage its competitive advantages in the deep cold equipment sector to capitalize on emerging market demands and enhance its market position [11]

4月18日晚间，科大智能发布公告称，公司及子公司数字能源与宁波宇格及宁波博勒签订的《投资合作协议》终止，同时数字能源将以245万元价格 收购 宁波宇格及宁波博勒持有的上海安能佳业储能技术有限公司 合计49% 股权。收购完成后，安能佳业将成为数字能源的全资子公司。 插播 ：拒绝鱼龙混杂， 让优质项目脱颖而出！"2024-2025用户侧储能项目TOP10榜单"征集进行中。点击 "阅读原文" 进行申报 终止投资合作、项目延期……近期，由于复杂的市场环境，3家储能相关上市企业公告，表示将募投项目延期或是终止投资合作协议，纵观他们出现 调整的原因，外部环境变化成为主因。 根据公告，安能佳业主要从事储能等相关业务，据原《投资合作协议》约定，合资方（宁波宇格、宁波博勒）主要负责安能佳业储能产品的海外市 场销售。双方此前合作意在结合合资方在海外的市场资源和渠道优势，快速推进公司储能相关数字能源业务在海外市场的布局以尽快抢占海外市 场。 公告指出， 由于受市场变化、海外储能相关产品库存压力较大导致产品价格持续走低等因素，海外市场开拓不及预期 。经各方充分友好协商，决定 终止相关合作，数字能源按照合资方原始出资额收购其持有的安能 ...

深度报告——碳排放 中国电力部门何时能够碳达峰？ [T走ab势le_评R级an：k] CEA：看跌 ★中国电力行业供需格局 中国电力行业正经历清洁化转型与供需结构重构的双重变革。供应 端，非化石能源装机及发电量占比持续提升，但长期需要依赖电力 系统调节能力的协同发展，短期煤电仍是最重要的支撑性电源；需 求侧，用电量呈现增速放缓、结构分化的特征，高耗能产业用电见 顶与新兴产业、居民用电增长并存，区域供需矛盾凸显，叠加极端 气候扰动与调峰资源不足，电力紧平衡或常态化。 能 源 ★电力部门供应结构预测 与 碳 中 和 2030 年前，我国主要的用电增长领域包括高技术及装备制造业、 新能源汽车产业链、数字经济相关产业以及智能家居相关产业。预 计到 2030 年，我国全社会用电量将达到 13.5 万亿千瓦时。电力供 应结构方面，风光大基地是可再生能源建设的主战场，风光电仍将 是增长最快的电源，低效煤电将逐渐向调节性电源和备用电源转 变，气电、抽水蓄能等将主要发挥调峰作用。在风光发电量增长偏 乐观的情形下，预计我国燃煤发电量或在 2025 年达峰，峰值约为 5.6 万亿千瓦时，并顺利进入下行周期；在风光发电量增长偏保守 ...

ESG 研究 | 定期报告 加快建设农业强国，推进农业全面绿色转 型 ——东方证券 ESG 双周报第六十八期 ESG 指环境（Environment），社会（Social），治理（Governance）的英文首字母缩 写，是投资和评估企业的新理念新方法。在分析和投资的决策过程中，不仅要重视企业 的财务信息，也要重视 ESG 非财务信息。考虑 ESG 因素的投资也叫负责任投资，具有 受托人责任，旨在推动公司把社会环境等要求融入到企业业务中去，降低风险，实现价 值创造，产生长期回报。本系列主要从这一角度出发，针对国内外 ESG 相关的政策和热 点进行跟踪和梳理，为长期投资的方向和方法论提供参考。 研究结论 风险提示 卷首语 | 财政部成功发行首笔人民币绿色主权债 | 2025-04-13 | | --- | --- | | 券：——ESG 企业动态双周报第二十九期 | | | 美国证监会终止气候披露规则辩护，欧盟 | 2025-04-06 | | ESG披露推迟：——东方证券ESG双周报 | | | 第六十七期 | | | 顺丰启动航空碳中和计划，亚马逊推出碳 | 2025-03-29 | | 信用投资：——ES ...

Core Viewpoint - The company is positioned to benefit from the rapid development of new energy systems and the digital energy sector, driven by national policies and market demands [7][11]. Company Overview - The company operates primarily in two business segments: "Digital Energy" and "Intelligent Robotics," focusing on core technologies such as active distribution networks, energy storage, advanced control of robots, and artificial intelligence [3][6]. - The company has over 20 years of experience in the electric power energy sector, providing integrated solutions across the entire "source-network-load-storage" industrial chain [6][14]. Digital Energy Sector - The company is one of the earliest entrants in the distribution automation field in China, actively participating in the development of smart grids and new energy systems [4][5]. - National policies are accelerating the construction of new power systems, with significant investment expected in the digital energy sector, projected to exceed 10 trillion yuan by 2030 [7][10]. - The transition to a digital and intelligent distribution network is essential to accommodate the increasing penetration of distributed renewable energy and electric vehicles [8][9]. Intelligent Robotics Sector - The robotics industry in China is expected to maintain a high growth rate, with an annual revenue growth rate exceeding 20% by 2025 [12]. - The company has developed a diverse range of customized intelligent robotic products and solutions, serving various industries including automotive, new energy, and rail transportation [15]. - The increasing competition in the robotics sector has led to challenges in profitability, with many companies facing intense market pressure [12]. Business Model - The digital energy business primarily serves state-owned power companies and large energy-consuming enterprises, utilizing a bidding process for order acquisition [13]. - The intelligent robotics business operates on a "make-to-order" model, focusing on customized solutions based on client needs [13]. Market Position - The company holds a strong market position in the electric power and energy sector, with significant influence in smart distribution and energy storage products [14]. - The company's robotics products are widely recognized in various applications, achieving high market acceptance and operational efficiency [15].

Core Viewpoint - The company has successfully navigated a challenging economic environment in 2024, achieving significant operational and financial milestones while focusing on its strategic goals of carbon neutrality and clean energy development [2][18]. Company Overview - The main business activities of the company include the development, production, and sale of conventional and renewable energy, as well as urban solid waste treatment, wastewater treatment, and urban gas supply [2]. - In 2024, the company achieved operating revenue of RMB 41.214 billion and a net profit attributable to shareholders of RMB 2.005 billion [2][18]. Low-Carbon Power - The company added a total installed capacity of 4.5964 million kilowatts in 2024, with significant contributions from natural gas (3.8374 million kilowatts) and renewable sources such as wind and solar [4]. - As of the end of 2024, the company's controllable installed capacity reached 23.729 million kilowatts, with clean energy accounting for 74.63% of the total installed capacity [5]. Ecological Environmental Protection - The company expanded its environmental protection business overseas, signing a framework agreement for a project in Kazakhstan and winning multiple domestic waste management projects [6]. - By the end of 2024, the company had established 42 solid waste treatment plants across various provinces, with a daily processing capacity of 50,515 tons, marking a 14.09% increase from the previous year [7]. Comprehensive Gas Business - The company strengthened its urban gas supply and LNG trading operations, achieving a sales volume of 3.345 billion standard cubic meters in 2024, a year-on-year increase of 51.91% [8]. - The company operates in multiple cities, serving nearly 1.13 million residential users and 23,000 industrial users [8]. Digital Services - The company completed the planning and design of its digital transformation framework in 2024, launching various information technology projects and achieving a record number of intellectual property rights [9][10]. - The total investment in information technology projects reached RMB 129 million, a 37.9% increase from the previous year [10]. Financial Performance - The company reported a 1.75% year-on-year increase in operating revenue, driven by growth in the gas segment [19]. - The net profit margin for 2024 was 4.85%, with a basic earnings per share of RMB 0.28 [18][19]. - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 713.61 million, which represents 35.59% of the net profit attributable to shareholders [41][42].

证券代码：000539、200539 证券简称：粤电力 A、粤电力 B 广东电力发展股份有限公司投资者关系活动记录表 编号：2025002 | 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 （请文字说明其他活动内容） | | 时间 | 2025 年 4 月 15 日 | | 地点 | 线上交流 | | 参与单位名称及 | 全景网"投资者关系互动平台" 广大投资者 | | 人员姓名 | | | 上市公司接待人 | 董事长 郑云鹏 | | 员姓名 | 张汉玉、吴战篪 独立董事 | | | 副总经理、财务负责人、董事会秘书 刘维 | | | 总法律顾问 秦晓 | | | 蒙飞 财务部部长 | | | 公司于 年 月 日 在全景网"投资者关系互动平 2025 4 15 15:00-16:30 | | | 台"（http://ir.p5w.net）举办 2024 年度业绩说明会，本次业绩说明会采用 | | | 网络远程的方式举行，主要交流内容如下： | | | 问 ...

市场监管总局最新统计数据显示：第一季度批准发布国家标准物质3 7 2项，同比增长约6 0%，其中国家一级标准物质2 5 项，国家二级标准物质3 4 7项。 环境监测领域标准物质数量最多，约占4 5%， 食品安全领域标准物质约占2 5%， 工业生产和医疗卫生领域标准物质各约占1 5%。 助力环境监测，守护绿水青山。 氮中二氧化碳气体标准物质、空气中甲烷气体标准物质等助力环境空气碳监测，服务 碳达峰碳中和，助力空气质量监测。土壤有效态成分分析标准物质、土壤pH、碳酸钙和六价铬成分分析标准物质等助 力检测土地污染物，分析土壤有机物成分含量，为土壤污染治理和修复提供科学依据和有效支撑。 助力食品安全，守护餐桌底线。 甲醇中毒死蜱溶液标准物质、呋虫胺纯度标准物质等保障农药残留精准快速检测，助 力快速筛查问题农产品。猪Ⅰ型胶原蛋白纯度标准物质、牛奶中黄曲霉毒素M1成分分析标准物质等用于检测肉类和乳 制品中营养物质和有害物质，守护"舌尖安全"。 助力工业生产，提升制造水平。 微合金钢光谱分析用系列标准物质、合金结构钢光谱分析用标准物质等确保钢材性能 符合标准，充分助力钢铁行业发展。柴油高润滑性标准物质、丙烯中氢气体标准物质 ...

导读： 近日，云南省气象局发布多批政府采购意向，仪器信息网特对其中的仪器设备品目进行梳理，统计出15项仪器设备采购意向， 预算总额达1.13亿元。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 近日，云南省气象局发布1 5项仪器设备采购意向，预算总额达1 . 1 3亿元，涉及高光谱辐射观测系统、通量观测系统、 探空观测系统、土壤水分观测仪（宇宙射线法）、物候自动观测仪、蒸散量观测系统（红外闪烁法）、涡动梯度观测系 统等，预计采购时间为2 0 2 5年3~6月。 云南省气象局2 0 2 5年3 ~ 6月仪器设备采购意向汇总表 | 采购项目 | 需求概况 | 预算 | 采购 | | --- | --- | --- | --- | | | | 万元 | 时间 | | 大气探测 | | | | | 技术保障 | 按照站网工程总体设计，拟在云南省建设7套通量观测系 | | | | | 统，可充分利用和发挥气象部门现有观测站网与资源优 | | | | 中心2025 | 势，优化云南省气象观测网业务布局，完善应对气候变化 | | 2025年 | ...