星标 ★ IPO日报 精彩文章第一时间推送 近期，成都市新筑路桥机械股份有限公司（下称"新筑股份"，002480.SZ）公布重大资产出售、发行股份及支付现金购买资产并募集配套资金暨关联交易 预案。 预案显示，新筑股份拟向四川蜀道轨道交通集团有限责任公司（下称"蜀道轨交集团"）出售四川发展磁浮科技有限公司（下称"川发磁浮"）100% 股权、对川发磁浮享有的债权以及其他与轨道交通业务有关的部分资产，拟向四川路桥建设集团股份有限公司（下称"四川路桥"）出售成都市新筑 交通科技有限公司（下称"新筑交科"）100%股权以及其他与桥梁功能部件业务有关的资产和负债。 同时，新筑股份向蜀道投资集团有限责任公司（下称"蜀道集团"）发行股份及支付现金购买其持有的四川蜀道清洁能源集团有限公司（下称"蜀道清 洁能源"）60%股权并募集配套资金。 AI制图 关联交易 按业务分类， 新筑股份的业务主要包括轨道交通业务、光伏发电、桥梁功能部件和其他 。2024年，上述业务分别贡献了13.18亿元、6.47亿元、 4.46亿元、0.73亿元的收入，占公司营业收入的比重分别为53.07%、26.05%、17.94%及2.94%。 近年来，受轨 ...

公司目前在建和已拿到指标容量超 1GW，正在开发阶段的项目容 量约 2GW-3GW。这些在手项目指标和储备项目足够在未来 3 至 5 年为 公司新能源发电业务板块提供持续的增长，本年一季度末公司与华电 合作的巴彦二期 100MW 风电项目已经完成并网发电，除此之外公司还 有众多在建/储备项目正处于有序进行建设和推进阶段。 证券代码：300040 证券简称：九洲集团 哈尔滨九洲集团股份有限公司投资者关系活动记录表 编号：2025-006 | 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 （ ） | | 参与单位名称及 | 陈玲-兴全基金固收部总监助理兼基金经理 | | 人员姓名 | 黄煜杰-兴全基金固收部研究员 | | | 薛怡然-兴全基金权益部基金经理助理 | | | 郝骞-光大证券 | | 时间 | 年 月 日 2025 6 13 | | 地点 | 哈尔滨 | | 上市公司参与人 | 董事会秘书 李真 | | 员姓名 | | | | 一、公司情况介绍 ...

Core Viewpoint - Anhui-based listed company Waneng Power (000543.SZ) is set to receive a share buyback from its major shareholder, reflecting confidence in the company's future development prospects [1][5]. Shareholder Actions - Waneng Capital, a wholly-owned subsidiary of the controlling shareholder, plans to increase its stake in Waneng Power with an investment between 75 million and 150 million yuan [1][5]. - The controlling shareholder, Anhui Energy Group, and its affiliates hold a combined 56.74% of Waneng Power's shares, indicating a strong controlling position [1][5]. Financial Performance - Waneng Power's total assets reached 66.602 billion yuan by the end of 2024, nearly doubling from 33.692 billion yuan at the end of 2020 [11]. - The company reported a net profit attributable to shareholders of 2.064 billion yuan in 2024 and 444 million yuan in the first quarter of the same year [3][14]. - Cumulatively, Waneng Power has earned approximately 12.7 billion yuan since its listing [4][15]. Asset Acquisition and Transformation - Since 2019, Waneng Power has invested a total of 6.382 billion yuan to acquire assets from Anhui Energy Group, including renewable and clean energy projects [9][10]. - The company has been actively transforming its business model, focusing on becoming a leading integrated energy service provider [12]. Renewable Energy Initiatives - In 2024, Waneng Power's subsidiaries have successfully launched multiple solar power projects, contributing to its renewable energy portfolio [13]. - The company aims to enhance its development in renewable energy through various strategies, including independent development and external acquisitions [13]. Market Position - Waneng Power holds a leading position in the province's thermal power generation, with a 23.7% share of the operational thermal power capacity [12].

证券研究报告 | 行业周报 gszqdatemark 2025 06 15 年 月 日 电力设备 冠鸿智能 0.2GWh 全固态电池产线签约，强调 Q2 海风业绩拐点 光伏：终端需求疲软，6 月组件开工率或有所下降。根据本周索比咨询数 据，6 月以来，组件价格还在下行，本周地面电站 TOPCon 210 双面 0.670 元/W，TOPCon 矩形双面 0.665 元/W，HJT 矩形双面 0.730 元/W。6 月目 前组件开工率或有所下调，环比下降 15~20%。在组件排产走入的背景下， 关注后续辅材价格是否会有所下行。核心关注两大方向：1）供给侧偏刚 性、后续需求复苏后价格弹性更大的硅料和玻璃，核心关注协鑫科技、通 威股份、福莱特等。2）新技术背景下带来的中长期成长性机会，核心关注 爱旭股份、聚和材料等。 风电&电网：强调 Q2 海风业绩拐点，关注深远海启动。二季度海上风电 单桩发运显著，据我们统计，在 2025 年开工的海上风电项目，截至目前 总计达 8GW。此外，约 2.55GW 的海上风电项目在 2025 年内实现并网。 据我们统计，在 2025 年下半年有望开工海上风电项目，或达 4.6GW，多 ...

全国各地即将迎来防洪度汛、生产建设高峰和用电负荷快速增长"三期叠加"的关键期，机组将处于大负 荷、长周期运行状态，运维任务重，安全管理压力大。 "深化配网全景监测平台应用，坚持配网故障日监测、周分析、月总结制度，精准定位设备故障问题， 差异化制定运维检修策略，持续压降故障平均停电时长。此外，我们正在加强无人机、红外成像等技术 应用，常态化开展森林草原、煤改电等线路巡视。"国网辽宁电力配网部配网运检处副处长代子阔说， 目前，辽宁全口径供电可靠率达99%以上。 记者还了解到，未来一段时间，随着空调负荷叠加数据中心、电动汽车充电桩等新型负荷激增，辽宁部 分地区或将出现阶段性、区域性电力供应紧张情况。在此背景下，火电、核电等电源良好运行，备用机 组严阵以待尤为重要，确保随时可"顶得上、发得出"。为此，国家电投集团东北电力有限公司持续开展 运行精细化管理提升工作，加强设备定期试验及设备轮换管理，实施安全类技改项目数十项，确保全时 段满足调度调电以及"顶峰压谷"要求。 "自供热期结束起，我们紧抓负荷低谷有利窗口期完成机组大修计划，提升发电运行管理、设备隐患缺 陷排查治理、安全生产应急管理等常态化生产管控能力，确保各发电单 ...

Core Viewpoint - The energy companies in Liaoning are implementing multiple measures to ensure power supply stability during the peak summer demand period, focusing on a diverse energy mix including coal, wind, solar, hydro, and nuclear power [1][3]. Group 1: Coal Supply - Coal is identified as the "ballast" for stable electricity supply, with major thermal power plants in Liaoning currently holding a coal inventory of 6 million tons [1]. - Liaoning Shenmei Hongyang Thermal Power Company has a coal stock of 150,000 tons, which can sustain operations for approximately 20 days at 80% load [1]. Group 2: Renewable Energy Contribution - The installed capacity of clean energy in Liaoning has reached 48.6497 million kilowatts, accounting for 55.55% of the total capacity [3]. - In the first five months of the year, the power generation from clean energy reached 54.297 billion kilowatt-hours, representing 53.47% of the total generation, indicating a significant role for renewable energy during the peak summer demand [3]. Group 3: Operational Challenges and Management - The upcoming period will see a combination of flood prevention, peak production, and rapid growth in electricity demand, leading to heavy operational loads and increased safety management pressures [3]. - The State Grid Liaoning Electric Power Company has achieved a power supply reliability rate of over 99% and is enhancing monitoring and maintenance strategies to reduce average outage duration [4]. - The Northeast Power Company is focusing on refined operational management and safety improvements to ensure readiness for peak demand and to meet dispatch requirements [4].

Core Viewpoint - Xiangtan Electric Machine Co., Ltd. is accelerating the production and delivery of advanced motors to enhance market competitiveness and meet customer demands, particularly in the context of rising energy needs and a shift towards cleaner energy solutions [1][5]. Group 1: Production and Manufacturing - The manufacturing center of Xiangtan Electric is experiencing a peak in production capacity, operating at full throttle to meet high demand for advanced motors [1]. - The company has established a specialized team within its custom motor workshop to streamline production processes, focusing on minute-level production scheduling to efficiently respond to client needs [1][2]. Group 2: Technological Advancements - In the field of compressed air energy storage, the large motor workshop has made significant progress by introducing advanced equipment and developing standardized processing guidelines, overcoming technical barriers in rotor processing [2]. - The coil workshop is addressing challenges in high-voltage motor stator coils by utilizing new insulation materials and creating a detailed operational manual, resulting in a substantial increase in the first-time acceptance rate of the coils [3]. Group 3: Market Context and Opportunities - The company is positioning itself to capitalize on the growing global demand for electric motors as countries shift towards electric alternatives and clean energy technologies, particularly in light of high international oil prices [5]. - Domestic leading motor manufacturers are seizing the opportunity to secure international orders, emphasizing the importance of accelerating product output and reinforcing sustainable development principles [5].

央视网消息：近期，南北方部分地区都出现高温天气，用电负荷持续增长。能源企业加速天然气储备调度，保障迎峰度夏期间能源稳定供 应。 在天津，一艘满载9万吨液化天然气的运输船靠泊液化天然气接收站码头，这是这个站近3天接卸的第2船液化天然气，今年已累计接卸液 化天然气超130万吨，为华北地区迎峰度夏蓄能保供。 在内蒙古库布齐沙漠，国家"沙戈荒"基地重点项目——库布齐新能源基地200万千瓦光伏项目，进入6月以来日均发电量达1031万千瓦时， 进一步提升蒙西电网清洁能源供应占比。 海上气田作为距离广东省最近的气源地。近期，每天都有超过2800万立方米的天然气，通过海底管道输送到粤港澳大湾区的各大城市。 在珠海，金湾"绿能港"与荔湾3—1等海上气田形成互补，供气覆盖广州、佛山、珠海、中山、江门等城市。 风电 光伏等新能源夏季保障电力作用显现 除了传统能源，风电、光伏等新能源，近年来在迎峰度夏的电力保供中作用日益显现。 在重庆，五洞岩风电场投运行业内首个风电智能优化控制系统，四排山光伏电站的无人机定期巡检，使单个阵区巡检时间从4小时缩短至 30分钟，金子山风电场的电子围栏、自动消防、轨道机器人等全方位守护场站安全。 数据显示 ...

本报记者 蒙婷婷 6月10日，经历停牌10天后，成都市新筑路桥机械股份有限公司（以下简称"新筑股份"，股票代码：002480）复牌即"一字 涨停"，股价为7.19元/股，涨幅为9.94%。 新筑股份董事会秘书张杨向《证券日报》记者表示："通过此次交易，公司将战略性退出磁浮与桥梁功能部件业务，蜀道 清洁能源将成为公司控股子公司，公司未来将聚焦于清洁能源发电业务。同时，通过此次交易盘活公司资产、降低负债率，从 根本上改善公司的经营状况，增强公司的持续经营能力和发展潜力。" 蜀道集团官网显示，蜀道清洁能源系蜀道集团构建"交通+能源"产业生态的战略实施主体，主营水电、风电、光伏等清洁 能源项目的投资、建设与运营，同步大力发展储能（新型储能、抽水蓄能）等业务。截至目前，蜀道清洁能源集团权益装机 1150万千瓦，控股装机857万千瓦，业务覆盖四川省内和西北地区。公司依托四川省内水风光一体化清洁能源基地开发和"交通 +"产业优势，储备水风光资源约3000万千瓦。 预案还显示，新筑股份拟向不超过35名符合条件的特定投资者发行股份募集配套资金，募集配套资金总额不超过本次拟以 发行股份方式购买资产的交易价格的100%，且发行股份 ...

Core Viewpoint - Xinjiang Li New Energy Co., Ltd. is planning to issue stocks to specific investors and list on the main board, with the underwriting and sponsorship provided by Shenwan Hongyuan Securities [1][6]. Group 1: Issuer Information - The issuer, Xinjiang Li New Energy Co., Ltd., is located in Urumqi, Xinjiang, and was registered in August 2013 [3]. - The company specializes in clean energy development, including wind, solar, hydro, natural gas, and geothermal energy [3]. - The total share capital of the company is 933,333,334 shares, with a significant portion held by state-owned entities [3][4]. Group 2: Financial Performance - The company reported a total revenue of 97,067.85 million yuan for 2024, a slight decrease from 98,976.86 million yuan in 2023 [5]. - The net profit for 2024 was 4,931.16 million yuan, down from 13,555.53 million yuan in 2023 [5]. - The company has maintained a cash dividend policy, with a proposed cash dividend of 0.17 yuan per share for 2024 [4]. Group 3: Issuance Details - The stock issuance will target no more than 35 specific investors, with a total fundraising amount not exceeding 182,925.47 million yuan [10][12]. - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [10][11]. - The stock will have a lock-up period of 36 months for major shareholders and 6 months for other investors [12][13]. Group 4: Regulatory Compliance - The company has complied with the necessary legal and regulatory requirements for the stock issuance, including the Company Law and Securities Law [8][9]. - The decision-making process for the issuance has been properly executed through board and shareholder meetings [7][8]. - The underwriting institution has conducted thorough due diligence and confirmed the authenticity and completeness of the issuance documents [6][9].