央视网消息：12月13日，在中国国际经济交流中心举办的2025—2026中国经济年会上，中央财办分管日常工作的副主任、中央农办主任韩文秀 表示，2025年是中国式现代化进程中具有重要意义的一年，是很不平凡的一年。全年经济社会发展主要预期目标将顺利实现，"十四五"即将圆 满收官。 中央财办分管日常工作的副主任、中央农办主任韩文秀表示，一年来，我国经济顶压前行，向新向优发展，展现出了强大的韧性和活力。主要 经济指标表现好于预期，许多机构预测，全年经济增长5%左右，我国仍然是全球经济增长的最大引擎。我们的就业形势总体稳定，外贸较快 增长，出口多元化成效明显，现代化产业体系建设加快推进。新质生产力稳步发展，人工智能、生物医药、机器人等研发和应用处在全球第一 梯队。改革开放迈出新步伐，纵深推进全国统一大市场建设，综合整治内卷式竞争，光伏等行业的供求关系和价格走势出现积极的变化。资本 市场交投活跃，国内外投资者信心增强，自主开放有序推进，安全、稳定、自信、包容的中国形象展现在世界的面前。 重点领域风险化解取得积极进展 在12月13日举行的中国经济年会上，韩文秀表示，2025年以来，重点领域风险化解取得积极进展。 韩文秀表 ...

中新社北京12月12日电 (记者 王梦瑶)今年中央经济工作会议将"坚持'双碳'引领，推动全面绿色转型"作 为明年经济工作八项重点任务之一，释放出"方向不变、力度不减"的政策信号。 中国宏观经济研究院能源研究所副所长孙颖指出，"双碳"是发展新质生产力、构建现代化产业体系的重 要支撑，同时，坚持"双碳"引领有助于增强中国在全球绿色规则制定中的话语权，并提升产业链韧性与 安全性。将"双碳"列为八项重点任务之一，释放出"方向不变、力度不减"的明确政策信号，有利于稳定 企业投资预期、促进产业发展。 在对来年"双碳"工作的具体部署中，中央经济工作会议提到"制定能源强国建设规划纲要，加快新型能 源体系建设，扩大绿电应用"，其中能源强国和新型能源体系建设成为受访专家的关注焦点。 华北电力大学国家能源发展战略研究院执行院长王鹏指出，"十五五"规划建议中同样强调建设能源强国 和加快建设新型能源体系。经过几年探索实践，国家基本摸清新型能源体系的框架，为"十五五"期间加 快建设奠定了基础。强化能源强国战略，将为中国未来能源发展提供更高远的目标引领和更强大的战略 动力，推动实现从能源大国向能源强国的历史性跨越，有力支撑社会主义现代化强 ...

中新社北京12月12日电 (记者 王梦瑶)今年中央经济工作会议将"坚持'双碳'引领，推动全面绿色转 型"作为明年经济工作八项重点任务之一，释放出"方向不变、力度不减"的政策信号。 中国宏观经济研究院能源研究所副所长孙颖指出，"双碳"是发展新质生产力、构建现代化产业体系 的重要支撑，同时，坚持"双碳"引领有助于增强中国在全球绿色规则制定中的话语权，并提升产业链韧 性与安全性。将"双碳"列为八项重点任务之一，释放出"方向不变、力度不减"的明确政策信号，有利于 稳定企业投资预期、促进产业发展。 中国自2020年提出碳达峰碳中和目标以来，在应对气候变化和"双碳"工作方面取得一系列成就：非 化石能源消费比重由2020年的16.0%增至2024年的19.8%，"十四五"前四年单位国内生产总值能耗累计 下降11.6%，构建起全球最大、发展最快的可再生能源体系，全球一半以上的新能源汽车行驶在中 国…… 华北电力大学国家能源发展战略研究院执行院长王鹏指出，"十五五"规划建议中同样强调建设能源 强国和加快建设新型能源体系。经过几年探索实践，国家基本摸清新型能源体系的框架，为"十五五"期 间加快建设奠定了基础。强化能源强国战略，将 ...

2026年中国能源行业将沿着绿色低碳道路笃定前行。 ▲ 浙江首座"绿电码头"宁波舟山港梅山低碳码头。许天长/摄 12月10日至11日，中央经济工作会议（以下简称"会议"）在北京举行。习近平总书记出席会议并发表重要讲话，总结2025年经济工 作，分析当前经济形势，系统部署2026年经济工作，为确保"十五五"开好局、起好步提供科学指引。 良好的开局是成功的一半。2026年是"十五五"开局之年，做好经济工作意义重大。会议将"坚持'双碳'引领，推动全面绿色转型"列入 八项重点任务之一，将"围绕发展新质生产力，推动科技创新和产业创新深度融合"列入五个关键着力点之一。 当一条条特高压线路将输电网络越织越密，当戈壁荒漠的光伏蓝海点亮万家灯火，当"绿电码头"的龙门吊无声起降，当碳市场交易数 据跳动出减排的经济价值……2026年中国能源行业将沿着绿色低碳道路笃定前行。 新型能源体系建设按下"快进键" 会议确定，坚持"双碳"引领，推动全面绿色转型。深入推进重点行业节能降碳改造。制定能源强国建设规划纲要，加快新型能源体系 建设，扩大绿电应用。加强全国碳排放权交易市场建设。实施固体废物综合治理行动，深入打好蓝天、碧水、净土保卫战，强 ...

央广网北京12月12日消息（记者张棉棉 李思默 王泽华）据中央广播电视总台中国之声报道，中央 经济工作会议12月10日至11日在北京举行。会议指出，今年是很不平凡的一年，经济社会发展主要目标 将顺利完成。我国经济顶压前行、向新向优发展，现代化产业体系建设持续推进，改革开放迈出新步 伐，重点领域风险化解取得积极进展，民生保障更加有力。 会议认为，通过实践，我们对做好新形势下经济工作又有了新的认识和体会：必须充分挖掘经济潜 能，必须坚持政策支持和改革创新并举，必须做到既"放得活"又"管得好"，必须坚持投资于物和投资于 人紧密结合，必须以苦练内功来应对外部挑战。 会议强调，做好明年经济工作，要坚持稳中求进工作总基调，更好统筹国内经济工作和国际经贸斗 争，更好统筹发展和安全，实施更加积极有为的宏观政策，增强政策前瞻性针对性协同性，持续扩大内 需、优化供给，做优增量、盘活存量，因地制宜发展新质生产力。 明年将纵深推进全国统一大市场建设，持续防范化解重点领域风险，着力稳就业、稳企业、稳市 场、稳预期，推动经济实现质的有效提升和量的合理增长，保持社会和谐稳定，实现"十五五"良好开 局。2026年中国经济怎么干？ 会议认为， ...

Group 1 - The A-share market experienced a surge in stocks related to controllable nuclear fusion, with multiple stocks hitting the daily limit up [1][2] - Notable performers included Tianli Composite, which saw a 30% increase, and Zhongzhou Special Materials, which rose by 20.01% [2][3] - The controllable nuclear fusion sector has recorded a cumulative increase of 87.33% year-to-date, ranking it as the third hottest sector in the A-share market [3][4] Group 2 - The recent surge in controllable nuclear fusion stocks is attributed to multiple factors, including the broad prospects of "ultimate energy" [5][6] - The Central Economic Work Conference emphasized advancing energy-saving and carbon-reduction transformations, which supports the growth of the controllable nuclear fusion industry [6][7] - Analysts predict that the domestic fusion industry may enter the engineering demonstration phase around 2027, benefiting core suppliers in the industry [7][8] Group 3 - New projects related to controllable nuclear fusion, such as "Spark No. 1" in Jiangxi and "Xianjue" in Chengdu, are set to begin preliminary bidding this year, indicating a shift towards industrialization [8][9] - The industry is entering a phase of intensive bidding, with expectations of continued capital expenditure growth [8][9] - The global nuclear fusion market is projected to approach $500 billion by 2030, highlighting its strategic value as a long-term growth sector [8][9]

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2][48]. Core Viewpoints - The Central Economic Work Conference emphasized the need to deepen the rectification of "involution" competition, particularly in the photovoltaic industry, which is expected to accelerate the exit of backward production capacity and promote the recovery of industry profit margins [4][43]. - The report suggests focusing on leading new energy companies that excel in technology and scale [4][43]. Market Review - As of December 11, 2025, the Shenwan Power Equipment industry rose by 1.32% over the past two weeks, outperforming the CSI 300 index by 0.51 percentage points, ranking 12th among 31 industries [11]. - Year-to-date, the Shenwan Power Equipment sector has increased by 40.05%, surpassing the CSI 300 index by 24.36 percentage points, ranking 5th among 31 industries [11]. - The wind power equipment sector increased by 5.79%, while the photovoltaic equipment sector decreased by 0.82% in the last two weeks [16]. Valuation and Industry Data - As of December 11, 2025, the price-to-earnings (PE) ratio for the power equipment sector is 32.90 times [24]. - The PE ratios for sub-sectors are as follows: Electric Motor II at 56.45 times, Other Power Equipment II at 51.83 times, Photovoltaic Equipment at 30.06 times, Wind Power Equipment at 33.63 times, Battery at 32.83 times, and Grid Equipment at 28.49 times [24]. Company Announcements - The report highlights significant projects and developments, including the approval of the Zhejiang UHV AC Ring Network Project with a total investment of 29.3 billion yuan, which is the highest for a single UHV AC project in China [38][39]. - The report also notes various company announcements regarding share repurchases and changes in control, indicating active corporate governance within the sector [42][43]. Weekly Perspective - The report reiterates the importance of adhering to the "dual carbon" goals and promoting a comprehensive green transition, with a focus on energy efficiency and carbon reduction in key industries [4][43]. - It emphasizes the need for technological innovation and quality improvement in the photovoltaic sector, moving away from mere scale expansion [4][43].

Group 1 - The 2025 Central Economic Work Conference emphasizes "comprehensive green transformation" under the "dual carbon" framework, focusing on energy and green electricity sectors [1][2] - Key initiatives include accelerating the construction of a new energy system, expanding the application of green electricity, and enhancing the national carbon emissions trading market [1][2] - The development of non-fossil energy sources and the efficient use of fossil energy are prioritized, with specific projects in wind, solar, hydro, and nuclear energy [2][3] Group 2 - The concept of "green electricity direct connection" is defined, allowing renewable energy sources to supply electricity directly to users without going through the public grid [3][4] - The scale of China's green low-carbon industry is approximately 11 trillion yuan, with potential for significant growth, particularly in the construction of zero-carbon parks [3][4] - In the first three quarters of the year, China's renewable energy installed capacity increased by 31 million kilowatts, a year-on-year growth of 47.7%, accounting for 84.4% of new installations [5] Group 3 - The 2025 conference reiterates the need to address "involution" competition, signaling a deeper commitment to regulating competitive practices in the energy sector [6] - The solar energy industry is actively working to eliminate "involution" through market-driven efforts to phase out outdated capacities [6] - Concerns about irrational low-price competition in the energy storage sector highlight the need for collaboration across the industry to maintain global competitiveness [6]

在第十五届全国运动会与残特奥会保供电中，南方电网广东广州供电局以科技赋能的"超快速响应"，为 这场体育盛会筑牢保电防线。 2024年，广州全市平均停电时间历史性迈入10分钟大关，供电可靠性跃居国际一流水平。2025年，广州 电网供电能力再升级至2850万千瓦，供电可靠性持续领跑。这份优质用电体验的背后，是广州电网"超 级大脑"的硬核担当，以及在保障可靠供电中跑出的"新速度"。 0.01秒"电网哨兵"：调度精准响应，保障赛事供电零闪动 "若全国观众同时打开电视收看十五运会开幕式，电网频率会随着画面亮度的负荷变化而瞬间大幅波 动，极易引发设备故障。"广州供电局调控中心十五运会保供电工作负责人刘奇解释道，"不过别担心， 我们的'电网哨兵'能出色地解决这个问题。" 这个"电网哨兵"正是电力系统的第一道防线——24小时值守的"继电保护装置"。为保障十五运会供电零 闪动，2025年，广州供电局电力调度团队充分评估电网用电负荷特性变化及新能源接入等需求，针对赛 事特点全方位升级了系统算法和参数，制定全链路的保护定值优化方案，完成开幕式及重要场所的保护 定值校核，涵盖1800多个开关、8000多项保护定值项。 十五运会开幕式 ...

Group 1 - The nuclear power sector experienced a strong rally on the 12th, with companies like Tianli and others reaching their daily limit up [1] - Since 2022, China has approved more than 10 nuclear power units annually for four consecutive years, maintaining a normalized approval pace [1] - The investment for a single domestically produced million-kilowatt third-generation nuclear power unit is approximately 20 billion, leading to an estimated total investment of over 200 billion for the 10 newly approved units this year [1] Group 2 - During the 14th Five-Year Plan period, China plans to approve the construction of 46 new nuclear power units, adding 54.5 million kilowatts of installed capacity, with both operational capacity and annual power generation expected to grow by about 30% [1] - From January to September 2025, domestic nuclear power investment reached 99.09 billion, a year-on-year increase of 23.3% [1] - The demand for nuclear power construction is strong due to the need for energy independence and the acceleration of new energy system planning [1] Group 3 - In the field of nuclear fusion, there is a surge in AI computing power demand, prompting tech giants to accelerate their investments in nuclear energy [2] - The BEST project in China is set to complete its first slab pouring by March 2025, with multiple tenders announced for various components [2] - China's nuclear power development strategy includes a clear three-step approach: thermal reactors, fast reactors, and fusion reactors, indicating a pathway towards high-quality development in nuclear power [2]