[Table_Title] 5 月份全国风电利用率 93.2%，全国天然气表观消 费量同比增长 2.4% 2025 年 7 月 5 日 5 月份全国风电利用率 93.2%，全国天然气表观消费量同比增长 2.4% 【】【】[Table_Industry] 公用事业—电力天然气周报 [Table_ReportDate] 2025 年 7 月 5 日 15666646523.tcy 证券研究报告 行业研究——周报 [Table_ReportType] 行业周报 [Table_StockAndRank] 公用事业 投资评级 看好 上次评级 看好 [Table_Author] 左前明 能源行业首席分析师 执业编号：S1500518070001 联系电话：010-83326712 邮 箱：zuoqianming@cindasc.com 李春驰 电力公用联席首席分析师 执业编号：S1500522070001 联系电话：010-83326723 邮 箱：lichunchi@cindasc.com 邢秦浩 电力公用分析师 化工行业： 执业编号：S1500524080001 联系电话：010-83326712 邮 箱：xingq ...

Group 1 - China has been referred to as the world's first "Electric Power Kingdom," reflecting its significant position in the global electricity industry [1] - In the previous year, China's total electricity generation exceeded 10 trillion kilowatt-hours, accounting for over one-third of global electricity production, which is 2.5 times that of the United States and five times that of India [1] - It is estimated that this year, China's newly added power generation capacity will reach 450 million kilowatts, maintaining its status as the world's largest power generator with a projected share of 33.9% of global electricity generation by early next year [1] Group 2 - China is rapidly optimizing its energy structure to achieve its "dual carbon" goals, with clean energy usage rising, and wind and solar power capacity surpassing coal power for the first time [2] - China's nuclear power capacity has ranked first globally for 18 consecutive years, showcasing its strong competitiveness [2] - Last year, new energy storage capacity reached 73.76 million kilowatts, and the number of hydrogen stations is also leading globally [2] Group 3 - China not only has an electricity surplus but is also exporting excess power to neighboring countries, enhancing its geopolitical influence [4] - Electricity exports currently cover 14 countries, including Mongolia, Thailand, Vietnam, and others, with some countries becoming heavily reliant on China's electricity supply [4] - This electricity trade not only supports the economic development of neighboring countries but also strengthens China's geopolitical standing [4] Group 4 - Globally, there are 45 commercial ultra-high voltage transmission lines, with China operating 42 of them, facilitating international energy cooperation [6] - Projects like Egypt's Benban solar park and Pakistan's Mehran DC project demonstrate China's role in redefining geographical and economic boundaries through energy [6]

新华财经北京7月5日电（王菁）中新社国是直通车4日举办"能源中国——全面加速绿色能源转型推动协 同发展"活动。多位与会专家表示，低碳绿色产业已成为中国以及全球经济增长的重要驱动力。中国能 源绿色低碳转型步伐加快，成为全球能源转型领域的重要引领者。 能源基金会首席执行官兼中国区总裁邹骥表示，绿色低碳已成为中国经济增长动能。当前，围绕着绿色 低碳的能源科技产业革命已经到来，中国正站在历史的风口。 邹骥指出，中国新能源科技产业革命爆发具有五个基本条件：一是规模经济；二是完整的制造业体系和 产业链生态；三是完善的基础设施，电力、交通运输、热力系统、通讯、移动互联网；四是工程人才培 养与储备；五是总体适当的产业政策体系。 邹骥强调，要深化改革，坚定走向能源转型。促进向新型电力系统的转变，加快部署绿色低碳技术、特 别是高比例非化石能源发电技术。一方面发挥市场机制配置现有资源的作用，另一方面要体现对新质生 产力的鼓励。 能源基金会战略规划主任傅莎表示，自"双碳"目标提出五年来，中国已构建起完善的"1+N"气候政策体 系，为绿色低碳转型提供了坚实保障。碳中和产业投资空间广阔。 傅莎说，为实现碳中和目标，2025年至2060年 ...

中新社北京7月4日电 (记者 王梦瑶)今年是《巴黎协定》达成10周年，也是中国"双碳"目标提出5周年。 面对当前全球绿色转型受到的冲击，业内看好中国将提供确定性。 在中新社国是直通车4日主办的"能源中国——全面加速绿色能源转型 推动协调发展"活动上，多位与 会专家持上述观点。 国务院发展研究中心原副主任刘世锦表示，美国政府退出《巴黎协定》并着手削减新能源补贴等，冲击 全球绿色转型。对此，中国的明确态度是"不能退"。他指出，坚持绿色转型不动摇，首先是坚守一个基 本理念，即绿色转型是人类社会无法回避的共同选择，"这个大的方向不能变，也变不了"。中国的"双 碳"目标明确可信、长期稳定。可信的目标激励可以有效引导市场参与者的长期预期，让最有创新活力 的民营企业成为主要参与者，激发创新从而快速形成规模经济。 能源基金会首席执行官兼中国区总裁邹骥指出，新能源科技产业革命的"主战场"在中国。中国依托比较 优势，通过产业化、研发迭代的过程，推动了全球能源转型成本下降，站在全球供应链的关键位 置。"中国拥抱了这次产业革命，成为这次科技革命的参与者、践行者。" 全球能源互联网发展合作组织副秘书长周原冰指出，"十四五"期间，中国电 ...

空中俯瞰南京江宁开发区管委会，从两栋办公楼到大数据中心，从公共连廊区域到车棚，深蓝色光 伏发电组件见缝插针用足所有能利用区域。近日，这处由屋顶光伏、廊道柔性光伏、发电玻璃等多形式 分布式光伏项目组成的南京市首个公共机构全场景微电网项目投运，总面积约3810平方米，每年可发 87.52万度绿电，减少碳排放约667.8吨。 在全省各地，这样的项目正不断落地、并网、投用。3年来，江苏公共机构分布式光伏建设在集中 统一推进中实现跨越式发展，不仅取得越来越好的节能效益，也在越来越广的范围内发挥着绿色低碳引 领示范作用。 集中统一招标建设，解决规模差异矛盾 实现"双碳"目标，公共机构特别是党政机关应当做好示范。2021年底，国家四部门联合印发方案， 明确要求公共机构充分利用适宜场地安装光伏。次年，江苏即全面启动公共机构分布式光伏建设探索与 实践。 此前，抓住整县试点机遇，南通市党政机关、各级中小学校等公共机构积极参与，按照公共建筑屋 顶光伏安装比例不低于40%的标准推进分布式光伏项目建设，发挥公共机构示范引领作用。"这是个相 互促进的过程。"南通市机关事务管理局节能处处长高昕锋告诉记者，"十四五"以来，南通6个县（市、 ...

转自：新华财经 从"煤改气"的转型蓝图到双机组比翼齐飞的现实画卷，中国能建的建设者们以智慧和汗水，书写了粤港澳大湾区绿色发展的新篇章。 流沙之上筑起"绿电明珠" 作为广东省"十四五"能源规划重点项目，东莞高埗燃气项目采用行业领先的F级燃气—蒸汽联合循环机组，年发电量逾33亿千瓦时，可满足百万家庭用电 需求。尤为瞩目的是，其同步建设的热网系统每小时可输送200吨工业蒸汽，能源梯级利用率达70%以上，为周边产业园注入"绿色脉动"。 漫步厂区，岭南园林式的布局掩映在绿树之间，扬尘在线监测系统与智能喷淋装置无声运转，诠释着"绿色工地"的现代内涵。"守护大湾区碧水蓝天，我 们要让每一度电都带着生态温度。"项目经理秦文说。 自项目启动以来，该工程已持续保持安全生产记录1000余天，期间累计开展全方位安全检查248次，创新性成立八个专项小组，建立三级配电系统，实现 临时用电标准化管理，推行＂日巡查、周验收＂制度。项目荣获中国能建2023年度"十化"管理示范项目。 项目团队突破传统，两台"高位收水型冷却塔"采用行业领先的设计方案，将循环水泵和循环水加药设备有机整合，其中循环水泵布置在冷却塔底部，消除 了大部分淋水噪声；在燃机 ...

Core Viewpoint - The company, Qian Nian Zhou Group, is actively pursuing green and low-carbon development in the manufacturing industry, emphasizing the integration of environmental technology into its product development and production processes to meet consumer demand for sustainable living [1][4]. Group 1: Technological Innovation - Qian Nian Zhou has established research institutions and increased R&D investment, focusing on collaboration with top scientific resources to enhance technological advancements in the industry [2]. - The company has developed a smart manufacturing model, integrating advanced production lines and automation to improve efficiency and resource utilization [2]. - The R&D team consists of over 100 personnel, including senior engineers and doctoral researchers, dedicated to exploring new product development in engineered wood products [2]. Group 2: Product Development - The company has introduced a range of eco-friendly products, including formaldehyde-free boards and antibacterial materials, to cater to the growing consumer demand for healthy living environments [3][5]. - Innovations include the "Graphene Black Gold Board," which incorporates multiple functions such as antibacterial and anti-viral properties, enhancing the safety and environmental performance of home products [5]. Group 3: Green Initiatives - Qian Nian Zhou has launched a "Dual Carbon Five-Year Plan" to promote green development across six dimensions, including green supply, manufacturing, products, public welfare, services, and management [4]. - The company aims to create a complete home ecosystem through its "Green Healthy Home" strategy, focusing on environmentally friendly materials and processes [4]. Group 4: Cultural Empowerment - The company is leveraging traditional Chinese culture to enhance its product offerings, creating a unique aesthetic that resonates with consumers' emotional and cultural values [7][8]. - Initiatives include collaborations with cultural heritage practitioners and design competitions to integrate cultural elements into product innovation [7]. Group 5: Market Positioning - Qian Nian Zhou is positioning itself as a leader in the green and sustainable home furnishing market, responding to the increasing consumer preference for environmentally responsible products [1][4].

策略深度报告 证券研究报告 | 策略深度报告 | 中国策略 报告日期:2025年07月04日 银行:趋势的力量,坚定的胆量 -从白酒、新能源汽车和煤炭牛市看银行未来的时间及空间 核心观点 本轮中信银行指数从 2022年11月开始上涨,至今已持续 2年零8个月。当上证指数 在 2024年11月至2025年6月连续8个月窄幅震荡时,中信银行指数已悄然走出技术 性牛市,近期指数更是周线8连阳,股价不断创历史新高。伴随着指数走高,市场对 银行指数是否见顶的讨论逐渐增加。以史为鉴,本篇报告复盘了白酒、新能源汽车和 煤炭三大行业牛市的驱动因素及 DDM 模型股价归因。通过对比,我们认为当下银行 板块或处于"牛市"中段,中信银行指数 PB有望从2022年10月的0.5X修复至 0.8-0.9X 左右。 白酒:2016-2021年,消费红利释放,外资加速配置 1)2016年1月-2018年6月:房地产价格上涨带来财富效应,居民消费升级背景 下,白酒行业迎来量价齐升。在此期间,盈利为拉动股价上涨的主要因素。 分析师:廖静池 执业证书号: S1230524070005 liaojingchi@stocke.com.cn 分析师: ...

Group 1 - The 2023 China International Heating, Ventilation, Air Conditioning, Bathroom, and Comfortable Home Systems Exhibition was held in Beijing from May 11 to 13, showcasing cutting-edge technologies and innovative products in the HVAC, plumbing, smart heating, and comfortable home sectors [1] - The exhibition covered an area of 105,000 square meters and attracted 1,065 exhibitors from around the world, including fields such as HVAC, smart home, water purification systems, and energy-saving technologies [1] - The event served as a significant trade platform for domestic and international brands, facilitating the display of the latest technological achievements and promoting high-quality development in the industry [1] Group 2 - Over 40 high-level forums and seminars were held during the exhibition, featuring industry experts, corporate representatives, and research institutions discussing topics like heating technology innovation under carbon neutrality, trends in smart water management, and the future of intelligent comfortable homes [2] - The China Building Energy Efficiency Association highlighted the growing demand for green buildings and smart homes, indicating that the heating industry is undergoing a new round of technological upgrades [2] - The successful hosting of the exhibition not only showcased the latest achievements in the global HVAC and comfortable home industry but also created valuable opportunities for technical cooperation and market expansion among upstream and downstream enterprises in the industry [2]

Core Insights - The event focused on "green innovation" as a means to empower the resilience of small and micro enterprises (SMEs) in the context of sustainable development and climate change [1][5] - SMEs are recognized as a crucial engine for employment and innovation, contributing over 50% of global GDP and accounting for more than 90% of all enterprises worldwide [1][2] - The challenges faced by SMEs include limited financing channels, inadequate infrastructure, and the impacts of climate change [1][2] Group 1: Green Innovation and SMEs - Green innovation is becoming a key factor for the transformation of SMEs, which are essential for inclusive and sustainable development [1][5] - SMEs contribute over 50% of tax revenue, 60% of GDP, 70% of technological innovation, and 80% of urban employment in China [2] - Experts emphasize the need for policy support and innovative financial services to facilitate the green transition of SMEs [2][5] Group 2: Financial Empowerment - Financial technology companies are emerging as important players in supporting the green transition of SMEs by reducing financing costs through innovative solutions [2][3] - In 2024, a financial technology company provided 695 million yuan in loans to users engaged in green and renewable energy sectors, helping SMEs convert ecological benefits into market advantages [2] - Financial institutions are encouraged to enhance risk management and product innovation to better serve the unique needs of SMEs [3][4] Group 3: Policy and Collaborative Efforts - The establishment of specialized green finance departments by banks aims to provide inclusive financial products tailored for SMEs [4] - Social organizations are also playing a role in empowering SMEs in remote areas through funding, education, and platform integration [4] - The event served as a valuable platform for dialogue, highlighting the importance of collaboration among various stakeholders to support the green transformation of SMEs [5]