Core Viewpoint - The report highlights the significant growth in revenue and net profit for Goldwind Technology Co., Ltd. in the first half of 2025, driven by strong performance in wind turbine manufacturing and services, alongside a robust market for renewable energy solutions [1][2][9]. Company Overview and Key Financial Indicators - Goldwind Technology Co., Ltd. operates in wind turbine manufacturing, wind power services, and wind farm investment and development, providing diversified revenue streams [3][9]. - The company reported a revenue of approximately CNY 28.54 billion, a 41.26% increase year-on-year, and a net profit attributable to shareholders of CNY 1.49 billion, up 7.26% [2][9]. - The total assets of the company reached CNY 161.55 billion, reflecting a 4.08% increase compared to the previous year [2]. Industry Situation Overview - The global economic growth is projected to slow down, with the IMF forecasting growth rates of 3.0% and 3.1% for 2025 and 2026, respectively [3]. - In China, the GDP for the first half of 2025 was CNY 66.05 trillion, with a year-on-year growth of 5.3%, and the equipment manufacturing sector saw a 10.2% increase [4]. - The demand for electricity in China continues to grow, with policies being implemented to promote clean energy and carbon neutrality [4][5]. Main Business Analysis - The wind power industry in China has surpassed traditional coal power in installed capacity, marking a shift towards renewable energy as a primary energy source [9][18]. - Goldwind's wind turbine and component sales revenue increased by 71.15%, accounting for 76.58% of total revenue, with a sales capacity of 10,641.44 MW, a 187.01% increase year-on-year [9][10]. - The company maintains a strong order backlog, with external orders totaling 34,082.63 MW as of June 30, 2025 [10]. Future Development Outlook - The global wind power market is expected to see significant growth, with BNEF predicting 143 GW of new installations in 2025 and cumulative capacity reaching 3 TW by 2035 [18]. - Goldwind aims to leverage its technological advancements and market position to capitalize on the growing demand for renewable energy solutions, including wind power and related services [19][20].

Core Viewpoint - The company is committed to optimizing operations, enhancing governance, and actively returning value to investors through its "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025, which has been implemented in the first half of 2025 [1]. Group 1: Company Operations and Innovations - The company is a leading global provider of photovoltaic smart energy solutions, focusing on four main business segments: photovoltaic products, energy storage, system solutions, and digital energy services [1]. - The company has achieved a cumulative shipment of over 32GW of components in the first half of 2025, maintaining its position as the industry leader with a total cumulative shipment of over 200GW by June 30, 2025 [3]. - The company has delivered over 12GWh of energy storage solutions, leveraging its self-developed technology and customized solutions for diverse global needs [3]. Group 2: Industry Trends and Market Dynamics - The photovoltaic industry in China is experiencing a recovery phase, with a 107% year-on-year increase in new photovoltaic installed capacity, reaching a cumulative installed capacity of over 1000GW by mid-2025 [2]. - The company is focusing on high-efficiency components driven by TOPCon technology, which has become the mainstream product in the industry, contributing to a decrease in photovoltaic generation costs [2]. Group 3: Research and Development - The company invested 22.62 billion yuan in R&D in the first half of 2025, accounting for 7.28% of its revenue, and filed 896 new patent applications, maintaining a leading position in the industry [4]. - The company has set world records in photovoltaic cell conversion efficiency and output power, with a total of 35 records established [4]. Group 4: Governance and Compliance - The company emphasizes a robust governance structure and effective internal control systems, enhancing risk management and compliance measures [5][6]. - The company has achieved certifications for its compliance management systems, ensuring adherence to international standards [6]. Group 5: Investor Relations and Returns - The company has established a stable and scientific return mechanism for investors, with cumulative cash dividends amounting to approximately 3.487 billion yuan since its listing in June 2020, representing about 27.06% of the cumulative net profit attributable to ordinary shareholders [8][9]. - The company has implemented a share repurchase plan, buying back shares worth approximately 259.83 million yuan in 2024, further enhancing shareholder value [10]. Group 6: Future Outlook - The company plans to continue its "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, ensuring timely information disclosure and maintaining a focus on sustainable development [7].

在新能源浪潮席卷全球的当下，欣旺达动力科技股份有限公司首席财务官兼董事会秘书陈希，因其在推 动公司资本战略、赋能创新与全球化布局方面的关键作用，成功入选2025年《财富》中国最具影响力的 商界女性榜单（未来榜）。该荣誉也是对欣旺达动力财务管理现代化进程及战略远见的肯定。 该榜单始于2010年，历经十五年，沉淀了几乎所有当代中国商界女性领导者的智慧、勇气、坚韧与信 心，《财富》对该榜单的定义，并非单纯的"个人成就"榜，而是一份聚焦"影响力"的榜单。陈希的入 选，既是她个人影响力的展现，同时也是欣旺达动力与国内先进制造业走向财经管理现代化的重要一 步。 欣旺达动力首席财务官兼董事会秘书陈希 从金融到企业，从量变到质变：淬炼战略眼光 本科与硕士就读于清华大学经济管理学院，远赴巴黎高等商学院及新加坡国立大学深造，使陈希兼具经 济管理、技术创新、国际商务的综合教育背景，这为其职业生涯金融与实业的融合打下了坚实的基础。 毕业后，陈希加入高盛投资银行部，从基层分析师一路成长为执行董事。 在高盛，陈希作为核心成员主导及参与了多个重大IPO、私募融资与跨境并购项目，包括中广核电力36 亿美元IPO、中石化炼化工程18亿美元IP ...

文 | 国家能源局 党的十八大以来，以习近平同志为核心的党中央创造性提出 "四个革命、一个合作"能源安全新 战略，为构建新型能源体系指明了方向。能源安全事关国家经济社会发展全局，近期，国家能源 局发布《中国新型储能发展报告202 5 》，系统梳理了我国新型储能发展成就与趋势，强调新型 储能是支撑新型电力系统建设的关键技术，对实现 "双碳"目标和能源高质量发展具有战略意 义。作为关系国家能源安全的特大型骨干企业，国家电网公司深入贯彻落实党中央决策部署，以 科技创新为引领，推动新型储能产业高质量发展，全力为保障国家能源安全、服务中国式现代化 贡献国网力量。 一、国家电网公司 推动 新型储能发展成效显著 国家电网公司坚决扛起 "大国重器"责任，持续强化新型储能技术创新和机制建设，在政策支持 和市场需求驱动下，公司经营区新型储能发展实现"量""质"齐升。 （一）装机规模快速增长，调控水平持续增强 《中国新型储能发展报告 202 5 》 指出新型储能装机规模连年翻番，截至 2024年底，全国已 建成投运新型储能项目累计装机规模达7376万千瓦，较2023年底增长超过130%。 国家电网公司精准布局新型储能建设，推动装机 ...

近日，新能源重卡领域再传交付动态 ——Deepway 与三一各自完成一批新能源重卡交车。 DeepWay新能源重卡星途完成首批100辆交付并签订500辆订单！ 8月20日，DeepWay新能源重卡产销对接暨500辆签约100辆交付仪式在临沂临港顺利举行。 仪式上，DeepWay深向科技与永锋临港、钢投特钢、交运集团、荣庆物流等多家重点物流企 业共同完成星途短轴距车型首批100辆交付，并现场签订500辆新增订单。这标志着 DeepWay深向科技在新能源重卡市场规模化应用上再迎里程碑。 活动现场，徐上上代表DeepWay深向科技将象征着首批100台星途重卡的"金钥匙"正式交付 到重点物流企业代表手中。永峰临港、钢投特投、交运集团、荣庆物流等重点物流企业代表也 在随后发言中纷纷表示，DeepWay新能源重卡的投运不仅将大幅降低企业运营成本，更将以 智能化、高效稳定的车辆性能全面提升企业运输时效与安全等级，助力企业加快双碳目标下的 绿色转型。 三一重卡成功交付上海沪运运输 作为汽车钢板物流服务商，上海沪运运输引入三一电动重卡SE636，以四大优势升级其"安 全、高效、绿色"的运输体系，实现降本增效。 三一SE636的 ...

Core Viewpoint - The article emphasizes the strategic significance of new energy storage in supporting the construction of a new power system and achieving "dual carbon" goals, highlighting the efforts of the State Grid Corporation in driving high-quality development in this sector [2][7]. Group 1: Achievements in New Energy Storage Development - The State Grid Corporation has significantly enhanced new energy storage technology innovation and mechanism construction, achieving substantial growth in both scale and quality [3]. - By the end of 2024, the cumulative installed capacity of new energy storage projects in China reached 73.76 million kilowatts, a growth of over 130% compared to the end of 2023 [4]. - As of June 2025, the installed capacity in the State Grid's operating area reached 76.24 million kilowatts, with an annual increase of 17.48 million kilowatts, representing a year-on-year growth of 100.34% [4]. Group 2: Technological Advancements and Standards - The State Grid Corporation has led the establishment of a technology innovation hub, promoting diverse technological advancements and standardization in new energy storage [5]. - Various technologies such as lithium-ion batteries, sodium-ion batteries, and vanadium flow batteries have been successfully integrated and demonstrated, contributing to a competitive development landscape [5]. Group 3: Market Mechanism Improvements - The State Grid Corporation has pioneered the establishment of market mechanisms for new energy storage, facilitating value release across 22 provinces [6]. - In 2024, the trading volume of new energy storage reached 7.12 billion kilowatt-hours, a year-on-year increase of 2.7 times [6]. Group 4: Future Directions for New Energy Storage - The article outlines the need for new energy storage to evolve into a core system regulation component, clarifying its functional positioning within the new energy system [8][9]. - There is an urgent need to focus on breakthroughs in long-duration energy storage technologies, as current applications are predominantly lithium-ion batteries, which account for 96.4% of installed capacity [10]. - The establishment of a multi-layered unified electricity market system is essential to enhance the market mechanisms for new energy storage, ensuring reasonable returns and cost distribution [11]. Group 5: Key Initiatives for High-Quality Development - The State Grid Corporation aims to strengthen top-level design and optimize resource allocation to support the national "14th Five-Year Plan" for new energy storage [13]. - Focused efforts on core technology breakthroughs and the promotion of innovative storage technologies are crucial for upgrading the industry [14]. - The corporation is committed to providing technical support for the national unified electricity market, enhancing the profitability of new energy storage [15].

内容概况：液货船作为运输石油、化学品及液化气体等液态货物的专业船型，已成为我国船舶出口的重 要增长点。中国海关数据显示，中国液货船行业以出口为主。从进口情况来看，2024年中国液货船进口 量为2艘；进口金额为1.73亿元。2025年上半年，中国液货船进口量为1艘，进口金额为4.68亿元，同比 增长170.52%。从出口情况来看，2024年中国液货船出口量为222艘，同比增长54.17%；出口金额为 441.85亿元，同比增长48.98%。2025年上半年，中国液货船出口量为136艘，较2024年同期增加37艘， 同比增长37.37%；出口金额为297.61亿元，同比增长91.73%。未来，随着全球绿色航运转型加速和"双 碳"目标持续推进，中国液货船行业凭借在清洁能源船舶领域的技术积累和市场优势，将在国际竞争中 占据更加重要的地位，为全球航运业低碳发展贡献中国力量。 相关上市企业：中国船舶（600150）、中远海发（601866）、中船防务（600685）、本钢板材 （000761）、鞍钢股份（000898）、首钢股份（000959）、中国铝业（601600）、宝钛股份 （600456）、广信材料（300537 ...

导语 自2022年以来，中国经济通缩压力显著，GDP平减指数连续九个季度同比为负，PPI则连续33个月同比收录为负，价格端持续走低进而挤压企 业营业收入利润波动下行。早在去年7月，中央政治局会议便提出了强化行业自律，防止"内卷式"恶性竞争，中央层面首次提及反内卷，但战 略高度维持在行业内部。今年以来中央政府多次在重大会议中提出综合整治"内卷式"竞争的要求，二季度以来各行业响应"反内卷"信号显著升 温。（可参考： 反内卷"行情爆火！钢铁、水泥、煤炭等全面爆发！八大方向概念股梳理！ ） 值得投资者注意的是，金融危机之后我国政府围绕过剩产能也曾几次出台包括控产能、降库存、节能减排等不同形式的供给侧改革或限制措 施。我们希望提供私募行业历史行情的复盘来为投资者提供一定参考价值。 一、2010年拉闸限电 全球金融危机后，我国政府在2008年底提出扩大内需、促进经济增长的一揽子措施，俗称"四万亿计划"，一方面成功阻止经济下滑并打下复苏 基础，另一方面各地基建高能耗产能逐步过剩。2010年各地为突击完成"十一五"节能减排指标开始拉闸限电，南华能化、南华工业品指数、沪 深300自7月初开始进入比较流畅的长周期上涨趋势，年底发 ...

● 上海证券有限责任公司党委书记、董事长李海超 2025年6月，中央金融委员会印发《关于支持加快建设上海国际金融中心的意见》；同月，国家金融监 督管理总局、上海市人民政府联合发布《关于支持上海国际金融中心建设行动方案》，明确提出"支持 上海参与国际碳金融定价权竞争，打造国际绿色金融枢纽"。作为植根上海、服务全国的券商机构，上 海证券深刻认识到，碳金融不仅是金融服务新质生产力的抓手之一，更是券商践行金融报国使命、助力 金融强国建设的重要路径。 按照碳金融业务相应指引积极履行券商使命 近年来，我国碳金融政策体系已形成"顶层设计-产品规范-市场准入"的全链条框架。2025年2月，证监 会发布《关于资本市场做好金融"五篇大文章"的实施意见》，明确"稳妥有序推进碳期货市场建设和碳 排放权期货研发上市"等，为券商参与碳金融业务提供了相应指引。 在推进上海国际金融中心建设的过程中，上海证券始终将碳金融作为服务国家战略的重要支点。碳金融 不是单一的金融创新，而是连接"双碳"目标与实体经济的纽带，碳金融需要与科技创新、绿色金融等深 度融合。 上海证券始终坚持金融服务实体经济、创新驱动发展，作为国资券商，积极落实国家绿色发展战略 ...

按照碳金融业务相应指引 积极履行券商使命 近年来，我国碳金融政策体系已形成"顶层设计-产品规范-市场准入"的全链条框架。2025年2月，证监 会发布《关于资本市场做好金融"五篇大文章"的实施意见》，明确"稳妥有序推进碳期货市场建设和碳 排放权期货研发上市"等，为券商参与碳金融业务提供了相应指引。 在推进上海国际金融中心建设的过程中，上海证券始终将碳金融作为服务国家战略的重要支点。碳金融 不是单一的金融创新，而是连接"双碳"目标与实体经济的纽带，碳金融需要与科技创新、绿色金融等深 度融合。 ● 上海证券有限责任公司党委书记、董事长 李海超 2025年6月，中央金融委员会印发《关于支持加快建设上海国际金融中心的意见》；同月，国家金融监 督管理总局、上海市人民政府联合发布《关于支持上海国际金融中心建设行动方案》，明确提出"支持 上海参与国际碳金融定价权竞争，打造国际绿色金融枢纽"。作为植根上海、服务全国的券商机构，上 海证券深刻认识到，碳金融不仅是金融服务新质生产力的抓手之一，更是券商践行金融报国使命、助力 金融强国建设的重要路径。 一是强化资源配置效能，为绿色转型注入金融活水。可以通过发行碳债券等碳金融融资工具， ...