| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 59,120.00 | +220.00↑ 前20名净持仓（日，手） | -26,997.00 | +8898.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 356,954.00 | +2607.00↑ 近远月合约价差（日，元/吨） | 740.00 | -220.00↓ | | | 广期所仓单（日，手/吨） | 27,793.00 | -2164.00↓ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 59,950.00 | -450.00↓ 工业级碳酸锂平均价（日，万元/吨） | 58,350.00 | -450.00↓ | | | Li₂CO₃主力合约基差（日，元/吨） | 830.00 | -670.00↓ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 689.00 | -8.00↓ 磷锂铝石平均价（日，元/吨） | 6,465.00 ...

Core Viewpoint - The article highlights the importance of stable electricity supply for grain drying during the summer harvest season in Hebei Province, China, emphasizing its role in reducing grain loss and improving efficiency in the drying process [1]. Group 1: Electricity Supply and Grain Drying - The Hebei power department is closely monitoring weather changes and grain drying progress to ensure stable electricity supply for drying operations [1]. - In a cooperative in Shijiazhuang, the moisture content of freshly harvested wheat can reach 28%, necessitating continuous drying for 24 hours [1]. - The power company has upgraded transformers, allowing drying equipment to process 200 tons of wheat daily, increasing efficiency by 20 times compared to traditional sun drying methods [1]. Group 2: Cost Reduction and Quality Improvement - The stable electricity supply has reduced the drying cost from 80 yuan per ton to 58 yuan, with all dried wheat meeting at least grade two quality [1]. - The power grid in Shijiazhuang has serviced 210,000 tons of wheat drying needs, preventing approximately 2,000 tons of grain loss [1]. Group 3: Safety and Awareness - The local power company is conducting thorough inspections of electrical equipment and safety checks at grain drying sites to eliminate potential hazards [1]. - Safety education on electricity usage and proper operation of drying equipment is being provided to grain drying enterprises and farmers to enhance their safety awareness [1].

1- 5 月份，全国发电设备累计平均利用 1 249 小时，比上年同期降低 1 32 小时 ； 全国主要发 电企业电源工程 完成 投资 2578 亿元，同比 增长 0.4 % ； 电网工程 完成 投资 2040 亿元，同 比 增长 19.8 % 。 6 月 23 日 ，国家能源局发布 1- 5 月份全国电力工业统计数据。 截至 5 月底， 全国累计发电装机容量 3 6.1 亿千瓦，同比增长 1 8.8 % 。其中， 太阳能发电装 机容量 10.8 亿千瓦，同比增长 56.9 % ；风电装机容量 5.7 亿千瓦，同比增长 23.1 % 。 ...

Core Insights - The transformer industry in Jiangsu is experiencing rapid growth and diversification in exports, driven by technological innovation and supportive policies, with a reported export value of 3.34 billion yuan in the first five months of the year, marking a 47.4% year-on-year increase [1] - Jiangsu Huapeng Transformer Co., Ltd. has seen significant demand for its large transformers in Southeast Asia, with an export value exceeding 890 million yuan in the first five months, reflecting a 27.8% increase compared to the previous year [1] - The Nanjing Customs has implemented measures to facilitate the export process for transformer manufacturers, including personalized logistics solutions and guidance on tariff policies, enhancing the overall efficiency of customs clearance [2] Industry Developments - Jiangsu's transformer companies are adopting differentiated strategies to upgrade their products, focusing on both large-scale and precision manufacturing to meet diverse market needs [2] - The introduction of a new patent for a moisture and dust-resistant small transformer by a local company aims to enhance product durability and performance, contributing to a 2.5-fold increase in exports in the first five months [3] - Nanjing Customs is committed to improving the business environment at ports and enhancing regulatory efficiency to boost the international competitiveness of Jiangsu-made transformers [3]

5 月份全社会用电量同比增长 4.4%，规上工业天然气产量同比增长 9.1% 【】【】[Table_Industry] 公用事业—电力天然气周报 [Table_ReportDate] 2025 年 6 月 23 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 执业编号：S1500524080001 联系电话：010-83326712 邮 箱：xingqinhao@cindasc.com 化工行业： 唐婵玉 电力公用分析师 执业编号：S1500525050001 邮 箱：tangchanyu@c ...

【重点政策】四川省分布式光伏发电开发建设管理办法发布 6月19日，四川省能源局发布关于转发《分布式光伏发电开发建设管理办法》的通知（川能源〔2025〕22 号），文件提出：大型工商业分布式光伏项目原则上全部自发自用，省电力现货市场连续运行后（含连续 结算试运行），可申请调整为采用自发自用余电上网模式参与现货市场。阿坝州、甘孜州、凉山州和攀枝 花市（简称"三州一市"）的一般工商业分布式光伏项目，以及省电力现货市场连续运行后（含连续结算试 运行）调整为自发自用余电上网的大型工商业分布式光伏项目，其年自发自用电量占发电量比例原则上不 低于50%，其余地区暂不作要求。 各地要结合资源禀赋和接入电网承载力评估情况等，因地制宜推动分布式光伏发电规划建设，多措并举助 力提升电力应急保供能力和新型电力系统建设。 【重点政策】天津拟调整分时电价，扩大峰谷电价浮动 | 行业秘密 | | --- | | 【重点政策】四川省分布式光伏发电开发建设管理办法发布 . | | 【重点政策】天津拟调整分时电价,扩大峰谷电价浮动 . | | 【重点事件】贵州电网公司推动各环节节能减碳 电网发展与生态文明相得益彰 3 | | 【重点事件】云南省 ...

金融界2025年6月23日消息，国家知识产权局信息显示，中国华能集团清洁能源技术研究院有限公司、 华能浙江能源销售有限责任公司、华能（浙江）能源开发有限公司、浙江苍华海上风电科技有限公司申 请一项名为"电力负荷的预测方法和装置、存储介质、电子装置"的专利，公开号CN120184916A，申请 日期为2025年03月。 华能（浙江）能源开发有限公司，成立于2020年，位于杭州市，是一家以从事专业技术服务业为主的企 业。企业注册资本675053.848057万人民币。通过天眼查大数据分析，华能（浙江）能源开发有限公司 共对外投资了44家企业，参与招投标项目383次，专利信息391条。 来源：金融界 浙江苍华海上风电科技有限公司，成立于2022年，位于温州市，是一家以从事研究和试验发展为主的企 业。企业注册资本3500万人民币。通过天眼查大数据分析，浙江苍华海上风电科技有限公司参与招投标 项目42次，专利信息23条。 华能浙江能源销售有限责任公司，成立于2017年，位于杭州市，是一家以从事电力、热力生产和供应业 为主的企业。企业注册资本21000万人民币。通过天眼查大数据分析，华能浙江能源销售有限责任公司 参与招投 ...

Core Viewpoint - Chujiang New Materials (002171) is focusing on the development and manufacturing of advanced materials, particularly in copper-based materials and military carbon materials, aiming to become a competitive platform in the industry [4]. Group 1: Company Overview - Chujiang New Materials specializes in the research and manufacturing of advanced materials, with a dual development strategy focusing on advanced copper-based materials and military carbon materials [4]. - The company's main products include precision copper strips, copper conductor materials, copper alloy wires, precision special steel, carbon fiber composite materials, and special thermal equipment [4]. Group 2: Product Applications - The copper-based materials are utilized in various sectors such as new energy vehicles, photovoltaic energy, power equipment, information technology, consumer electronics, advanced rail transportation, intelligent manufacturing, and national defense [2]. - Specific applications of precision copper strips include automotive connectors, photovoltaic components, LED brackets, cable packaging, and electronic connectors [2]. - High-end copper conductors are used in automotive wiring harnesses, charging station connection lines, robot wiring harnesses, rail transportation cables, and photovoltaic busbars [2]. - The company's products are also applied in the semiconductor integrated circuit manufacturing field, serving downstream electronic components and precision instruments [2]. Group 3: Financial Performance - In Q1 2025, the company reported a main revenue of 13.146 billion yuan, a year-on-year increase of 21.77%, and a net profit attributable to shareholders of 132 million yuan, up 28.45% year-on-year [5]. - The company's net profit after deducting non-recurring gains and losses was 128 million yuan, reflecting a significant year-on-year increase of 73.13% [5]. - The debt ratio stands at 59.48%, with investment income reported at -18.48 million yuan and financial expenses at 55.26 million yuan, while the gross profit margin is 3.4% [5]. Group 4: Market Sentiment and Predictions - Over the past 90 days, four institutions have rated the stock, with three giving a buy rating and one an increase rating, and the average target price set at 13.29 yuan [6]. - Detailed profit forecasts indicate expected net profits of 712 million yuan for 2025, 921 million yuan for 2026, and 1.09 billion yuan for 2027 from various institutions [8].

Group 1 - The "Ningxia New Power System Construction Strategic Research" project has been established as a major strategic research and consulting project by the Chinese Academy of Engineering for 2025 [1] - The project aims to address key issues such as reliable power supply, high-level consumption of renewable energy, and the safe and stable operation of the power system [1] - Research will focus on three main areas: establishing a multi-dimensional evaluation index system, analyzing challenges in constructing the new power system under high renewable energy integration, and providing forward-looking suggestions from various perspectives including source, grid, load, storage, technology, market, and policy [1] Group 2 - Ningxia is actively promoting the construction of a new power system as the country's first comprehensive demonstration area for renewable energy, with expectations to exceed 100 million kilowatts of installed renewable energy capacity by 2030, accounting for over 70% of the total installed capacity [1] - Since its establishment in July 2018, the Ningxia Research Institute of Engineering Science and Technology Development Strategy has implemented 68 projects across 8 batches [2] - The project is the first major strategic research consulting project submitted by the institute, with a commitment to leverage resources for in-depth research to support the accelerated construction of the new power system in Ningxia [2]

Summary of Virtual Power Plant Conference Industry Overview - The conference focused on the **virtual power plant (VPP)** industry, which integrates distributed energy resources to participate in demand response, ancillary services, and the electricity spot market, aiming for grid balance and maximized revenue [1][2]. Key Points and Arguments Business Model and Profitability - The VPP's business model supports grid balance, traditionally managed by thermal power plants. With increasing renewable energy capacity, the demand for balancing capabilities has risen. VPPs provide flexible and economical balancing by integrating distributed energy resources [2]. - VPPs engage in demand response by reducing user electricity consumption during supply shortages, receiving compensation for this service. They also participate in ancillary services and the spot market to maximize revenue through real-time trading [2][4]. Market Dynamics - The electricity spot market has normalized demand response, allowing companies to continuously engage in energy trading and earn profits. Key provinces like **Shandong, Shanxi, and Guangdong** have established policies that enable VPPs to leverage their advantages [4]. - Real-time prices in the spot market reflect supply-demand balance, allowing companies to adjust their electricity usage strategies accordingly. The comparison of baseline and real-time loads provides reliable data for optimizing operational strategies [4]. Ancillary Services - Ancillary services, including ramping and frequency regulation, are crucial for addressing fluctuations in renewable energy generation. These services provide additional revenue streams for VPPs [8]. - Ramping services require quick response resources, while frequency regulation involves complex calculations that affect settlement prices based on performance coefficients [8]. Differences Between VPPs and Retail Electricity Companies - VPPs focus on optimizing energy usage through demand response and ancillary services, while retail electricity companies primarily assist consumers in purchasing energy at lower costs [9]. Industry Chain Composition - The VPP industry chain consists of three parts: - **Downstream**: National grid as the main entity for electricity transactions. - **Midstream**: Aggregation platforms or companies that integrate resources. - **Upstream**: Energy storage, distributed photovoltaics, and adjustable loads [11]. Role of Adjustable Loads - Adjustable loads are pivotal for VPP development, allowing entities like bus stations and high-energy-consuming industries to profit by adjusting their electricity usage [12][14]. Technological Requirements - Key technological requirements for VPPs include high-quality load forecasting and aggregation capabilities. Accurate predictions are essential for participating in the day-ahead market and ensuring compliance with performance standards [15][16]. Additional Important Insights Future Trends - The future of VPPs includes stricter compliance assessments and more detailed trading varieties. The construction of VPPs in Germany serves as a reference model for China [24]. - The development of VPPs globally shows significant differences, with Europe and the U.S. having more mature systems compared to China's early-stage market [25][26]. Challenges in China - China's VPP development faces challenges such as limited profitability for retail electricity companies and the need for technological upgrades in high-capacity enterprises to support frequent operations [27][29]. Policy Impact - The spot market and related policies are crucial for advancing VPPs in China, with increasing provincial participation and clear timelines set by regulatory documents [28]. This summary encapsulates the essential aspects of the virtual power plant industry as discussed in the conference, highlighting its business model, market dynamics, technological needs, and future directions.