国家能源局关于印发2024年度全国可再生能源电力发展监测评价结果的通知 国能发新能〔2025〕92号 各省（自治区、直辖市）能源局、有关省（自治区、直辖市）及新疆生产建设兵团发展 改革委，国家电网有限公司、中国南方电网有限责任公司、内蒙古电力（集团）有限责任公 司： 为贯彻落实习近平总书记关于以更大力度推动新能源高质量发展的重要指示精神，进一 步促进可再生能源开发利用，科学评估各地区可再生能源发展状况，根据《中华人民共和国 能源法》《中华人民共和国可再生能源法》和《关于建立可再生能源开发利用目标引导制度 的指导意见》（国能新能〔2016〕54号）等文件要求，我局委托有关研究机构汇总可再生能 源电力建设和运行监测数据，形成了《2024年度全国可再生能源电力发展监测评价结果》， 作为各地区2024年可再生能源开发建设和并网运行的基础数据，现予以印发。 请各地区和有关单位进一步重视可再生能源电力发展，提高可再生能源利用水平，为助 力实现碳达峰碳中和目标任务作出积极贡献。 国家能源局网站11月13日消息，国家能源局委托有关研究机构汇总可再生能源电力建设 和运行监测数据，形成了《2024年度全国可再生能源电力发展监测评 ...

中国代表团团长、生态环境部副部长李高指出，气候变化是国际社会普遍关注的重大全球性挑战，事关 人类未来和各国发展。"十四五"期间，中国积极推进碳达峰碳中和，能源转型加快，节能降碳稳步推 进，森林碳汇能力显著提升，美丽中国建设迈出重大步伐，为全球气候治理作出了重要贡献。 他表示，中国提出将以碳达峰碳中和为牵引，加快建设新型能源体系，积极稳妥推进和实现碳达峰，加 快经济社会发展全面绿色转型。 他介绍说，中国加快构建绿色低碳循环发展经济体系，已培育6400多家绿色工厂和490余个绿色工业园 区，新能源汽车产销量领跑全球；建成全球最大的可再生能源体系，可再生能源装机占全部发电装机比 重接近60%，风电、太阳能发电装机容量提前6年多完成2030年目标；作为最大清洁技术出口国，提供 了全球70%的风电设备和80%的光伏组件，推动风光发电成本大幅下降，为全球应对气候变化和绿色低 碳发展做出了积极贡献。 新华财经巴西贝伦11月12日电（记者陈昊佺吴昊）"中国碳达峰碳中和之路"边会12日在《联合国气候变 化框架公约》第三十次缔约方大会（COP30）"中国角"举行。会议从多角度立体介绍中国推进碳达峰碳 中和的成效和经验，向国际社会 ...

Core Viewpoint - The National Energy Administration has released the monitoring and evaluation results for the development of renewable energy power in 2024, highlighting significant growth in installed capacity and power generation from renewable sources, which is crucial for achieving carbon peak and carbon neutrality goals [4][6][26]. Summary by Sections 1. Overall Development of Renewable Energy Power - By the end of 2024, the cumulative installed capacity of renewable energy in China reached 1,889 million kilowatts, a year-on-year increase of approximately 24.4%, accounting for 56.4% of total installed power capacity [6]. - The breakdown of installed capacity includes: hydropower at 436 million kilowatts, wind power at 521 million kilowatts, solar power at 887 million kilowatts, and biomass power at 46 million kilowatts [6]. - In 2024, the total power generation from renewable energy was 3.47 trillion kilowatt-hours, representing about 35% of total power generation [6]. 2. Renewable Energy Consumption Responsibility Completion - The actual completion rate for renewable energy power consumption responsibility in 2024 was 35.2%, an increase of 3.2 percentage points year-on-year [7]. - 26 provinces met the national consumption responsibility targets, with Sichuan, Yunnan, and Qinghai exceeding 70% [7][10]. - The report indicates that 1 province had over 80% of renewable energy consumption, 8 provinces were between 40%-80%, and 22 provinces were between 20%-40% [7]. 3. Non-Hydropower Renewable Energy Consumption - The actual completion rate for non-hydropower renewable energy consumption responsibility was 20.8%, with a year-on-year increase of 2.7 percentage points [12]. - 28 provinces met the national targets for non-hydropower consumption, with 6 provinces exceeding 30% [13][15]. 4. Utilization Rates of Renewable Energy - The average utilization rate for wind power in 2024 was 95.9%, a decrease of 1.4 percentage points from the previous year [16]. - The average utilization rate for solar power was 96.8%, down by 1.1 percentage points [16]. - The effective utilization rate for hydropower was approximately 99.0%, a decrease of 0.4 percentage points [16]. 5. High Voltage Direct Current (HVDC) Transmission of Renewable Energy - In 2024, 20 HVDC lines transmitted a total of 705.3 billion kilowatt-hours, with renewable energy accounting for 400.8 billion kilowatt-hours, a year-on-year increase of 22.2% [22][24]. - Renewable energy constituted 56.8% of the total transmission volume through HVDC lines, an increase of 4.3 percentage points [22]. 6. Implementation of Clean Energy Demonstration Provinces - In Zhejiang, the total renewable energy consumption was 170.9 billion kilowatt-hours, accounting for 25.2% of the province's total electricity consumption, an increase of 3.1 percentage points [26]. - In Sichuan, renewable energy consumption was 298 billion kilowatt-hours, representing 74.5% of total consumption, a decrease of 1.5 percentage points [27].

Group 1 - The 2025 World Power Battery Conference opened in Yibin, Sichuan, with 180 signed projects totaling 86.13 billion yuan, covering areas such as power batteries, new energy storage, photovoltaics, and smart connected new energy vehicles, showcasing strong industrial clustering effects and development momentum [1] - CATL's chairman, Zeng Yuqun, announced that the fourth-generation lithium iron phosphate battery is leading in high energy density, long lifespan, and high power compared to mainstream second and third-generation products, with the fifth-generation product recently entering mass production, achieving breakthroughs in energy density and cycle life [1] - The National Energy Administration released guidelines promoting integrated development of new energy, aiming for significant improvements in reliability and market competitiveness by 2030, supporting a comprehensive green transformation of the economy and society [1] Group 2 - The State Council's white paper on carbon peak and carbon neutrality emphasizes the development of renewable energy such as wind power, which is expected to boost demand for energy storage and lithium batteries in both generation and grid applications [2] - The price of lithium hexafluorophosphate, a core raw material for electrolytes, has rebounded from a low of less than 50,000 yuan/ton in July 2025 to 121,500 yuan/ton in mid-November, driven by surging demand in the new energy vehicle and energy storage sectors [2] - Macro data indicates a narrowing decline in the Producer Price Index (PPI) in October, with rising prices across the new energy industry chain, reflecting improved industry sentiment [2] Group 3 - The lithium battery industry chain reported a total revenue of 636.188 billion yuan for Q1-Q3 2025, a year-on-year increase of 16.12%, with net profit attributable to shareholders rising by 40.37% to 62.619 billion yuan [3] - The battery segment experienced significant revenue and profit growth in Q3, driven by increasing sales of new energy vehicles and high levels of power battery installations, indicating a recovery in profitability [3] - As of November 13, 2025, the Guozheng New Energy Vehicle Battery Index rose by 6.11%, with the battery ETF (159755) increasing by 6.21%, reflecting strong market performance [3] Group 4 - The Guozheng New Energy Battery Index increased by 4.42%, while the storage battery ETF Guangfa (159305) rose by 3.84%, indicating positive market trends [4] - The storage battery ETF has seen significant capital inflow, with a total of 16.483 million yuan in net inflow over four days, reaching a new high in scale and shares [4] - The Guozheng New Energy Battery Index focuses on the storage battery sector, while the Guozheng New Energy Vehicle Battery Index targets the new energy vehicle battery industry chain, highlighting different segments within the battery industry [4]

山西证券近日发布新材料行业周报：本周新材料板块上涨，新材料指数涨幅为1.11%，跑赢创业板指 0.46%，近五个交易日，合成生物指数上涨3.07%，半导体材料下跌4.58%，电子化学品下跌2.53%，可 降解塑料上涨3.46%，工业气体下跌1.29%，电池化学品上涨8.24%。 山西证券近日发布新材料行业周报：本周新材料板块上涨。新材料指数涨幅为1.11%，跑赢创业板指 0.46%。近五个交易日，合成生物指数上涨3.07%，半导体材料下跌4.58%，电子化学品下跌2.53%，可 降解塑料上涨3.46%，工业气体下跌1.29%，电池化学品上涨8.24%。 吹膜级)(17000元/吨，不变)、PBS(17500元/吨，-1.69%)、PBAT(9800元/吨，-0.51%) 维生素：维生素A(63000元/吨，不变)、维生素E(52500元/吨，不变)、维生素D3(212500元/吨，不变)、 泛酸钙(42000元/吨，不变)、肌醇(30500元/吨，不变) 工业气体及湿电子化学品：UPSSS级氢氟酸(11000元/吨，不变)、EL级氢氟酸(6100元/吨，不变) 以下为研究报告摘要： 摘要 二级市场表现 市场与 ...

Market Performance - The new materials sector experienced an increase this week, with the new materials index rising by 1.11%, outperforming the ChiNext index by 0.46% [1] - Over the past five trading days, the synthetic biology index rose by 3.07%, while semiconductor materials fell by 4.58%, electronic chemicals decreased by 2.53%, biodegradable plastics increased by 3.46%, industrial gases dropped by 1.29%, and battery chemicals surged by 8.24% [1] Price Tracking - Amino acids prices showed mixed results: valine at 12,550 CNY/ton (up 1.21%), arginine at 21,500 CNY/ton (down 0.69%), tryptophan remained unchanged at 32,500 CNY/ton, and methionine at 20,250 CNY/ton (down 2.64%) [2] - Biodegradable materials prices remained stable for PLA (FY201 injection grade at 17,800 CNY/ton and PLA (REVODE201 film grade at 17,000 CNY/ton), while PBS decreased by 1.69% to 17,500 CNY/ton and PBAT fell by 0.51% to 9,800 CNY/ton [2] - Vitamins prices remained unchanged: vitamin A at 63,000 CNY/ton, vitamin E at 52,500 CNY/ton, vitamin D3 at 212,500 CNY/ton, calcium pantothenate at 42,000 CNY/ton, and inositol at 30,500 CNY/ton [2] - Industrial gases and wet electronic chemicals prices remained stable: UPSSS grade hydrofluoric acid at 11,000 CNY/ton and EL grade hydrofluoric acid at 6,100 CNY/ton [2] - In the plastics and fibers category, carbon fiber remained at 83,750 CNY/ton, polyester industrial yarn at 8,400 CNY/ton, and aramid at 81,800 CNY/ton (down 13.44%) [2] Investment Recommendations - The State Council released a white paper on "China's Action for Carbon Peak and Carbon Neutrality," emphasizing the focus on renewable energy such as wind power for future development [3] - The white paper projects that by 2030, China's cumulative installed wind power capacity will reach 1.3 billion kW, with expectations of 2 billion kW by 2035 and 5 billion kW by 2060 [3] - The wind power industry is expected to maintain a high prosperity pattern, presenting significant development opportunities for upstream materials, with recommendations to focus on companies like Times New Material and Mega Chip Color [3] Lithium Hexafluorophosphate Price Recovery - Lithium hexafluorophosphate, a key raw material for electrolytes, saw a price rebound, rising from a low of 50,000 CNY/ton to 121,500 CNY/ton as of November 7, 2025 [4] - The demand from the downstream electric vehicle and energy storage industries has surged, significantly increasing the procurement volume of lithium hexafluorophosphate by electrolyte manufacturers [4] - Despite leading companies operating at full capacity, the overall supply remains tight due to previous overcapacity leading to industry consolidation, suggesting potential for further price increases and recovery of profitability in the supply chain [4]

Market Overview - The domestic market indices showed a slight decline, with the Shanghai Composite Index closing at 4,000.14, down 0.07% [4] - The Shenzhen Component Index and the ChiNext Index also experienced declines of 0.36% and 0.39% respectively [4] Industry Insights - The new materials sector saw an increase, with the New Materials Index rising by 1.11%, outperforming the ChiNext Index by 0.46% [6] - The chemical raw materials sector reported a strong rebound in lithium hexafluorophosphate prices, which rose to 121,500 CNY/ton after a significant drop in previous years [7] - The release of the "Carbon Peak and Carbon Neutrality Action in China" white paper emphasizes the focus on renewable energy, particularly wind power, which is expected to see substantial growth in installed capacity by 2030 and beyond [6] Company Analysis: Hanwei Technology - Hanwei Technology reported a revenue of 1.702 billion CNY for the first three quarters of 2025, marking an 8.44% year-on-year increase, with a net profit of 84.84 million CNY, up 6.33% [13] - The company is focusing on the humanoid robot sector, with a multi-dimensional product matrix covering various sensor types, enhancing its competitive edge in high-end applications [12][13] - R&D investment reached 162 million CNY in the first three quarters, reflecting a 5.70% increase, aimed at advancing sensor technology and IoT applications [13][14] Industry Trends: Communication Sector - North American optical communication companies reported positive earnings, with coherent revenue reaching 1.58 billion USD, a 17% year-on-year increase, driven by data center optical communication [8] - The demand for high-speed optical modules is surging, with Lumentum and Fabrinet also reporting significant revenue growth, indicating a robust market outlook for optical communication technologies [9][10] Investment Recommendations - The report suggests focusing on companies within the lithium hexafluorophosphate supply chain, such as Tianji Co., Tianqi Lithium, and Xinzhou Bang, due to the anticipated price increases and recovery in profitability [7] - In the communication sector, companies like Zhongji Xuchuang and Tianfu Communication are recommended for their potential growth in optical modules and related technologies [10]

Core Insights - The article highlights the successful implementation of a technological innovation project by Jiangsu Juyou New Materials Technology Co., Ltd., which focuses on energy-saving and carbon reduction in the chemical production process [1][2][3] Group 1: Project Overview - The project, titled "Distillation Tower Device Heat Recovery Energy-saving Technical Transformation and Auxiliary Facilities Safety Enhancement," has a total investment of 86 million yuan and is set to be operational by October 2024, with trial runs starting in September 2025 [1] - The project is expected to save the company approximately 30 million yuan annually, contributing significantly to the green upgrade of the regional economy [1] Group 2: Technological Innovation - The new system developed by the company creates a closed-loop energy utilization system that recycles waste heat, thereby reducing energy consumption and production costs [1] - The project aims to transform the traditional high-energy consumption distillation process into a low-carbon and efficient operation [1][2] Group 3: Government Support - The local government has played a crucial role in facilitating this project by providing policy support and guidance to help the company navigate subsidy applications [2] - The "policy at the doorstep" service model has enabled smoother collaboration between the government and enterprises, enhancing the efficiency of green technology transformation projects [2][3] Group 4: Expected Benefits - Upon completion, the project is projected to save 326,000 tons of steam, 90,000 tons of water, and 26,000 tons of coal annually, leading to significant operational cost reductions [2] - The successful implementation of this project is expected to serve as a model for other companies in the region, promoting broader participation in energy-saving technological transformations [3]

Core Viewpoint - The article discusses the transition from scale expansion to value enhancement in the power sector during the "15th Five-Year Plan" period, emphasizing the importance of high-quality development and the establishment of a diversified pricing system for electricity [1][8]. Group 1: New Energy Development - The new energy installed capacity is expected to reach 1.444 billion kilowatts by the end of 2024, achieving 76% of the total new installed capacity in the country during the "14th Five-Year Plan" [2][9]. - The profitability of different power sources varies significantly, with coal power being sensitive to coal prices, while new energy sources are transitioning to a subsidy-free era, leading to overall declining profitability [2][8]. - The article highlights the need for addressing the consumption issues of new energy, with a focus on improving the electricity pricing system as a key policy tool [10][15]. Group 2: Power Market Reform - The power market reform is advancing, enhancing the commodity attributes of electricity, which will better reflect supply and demand dynamics across different regions and time periods [9][10]. - The introduction of capacity pricing mechanisms is expected to stabilize the profitability of thermal power plants, which are transitioning to peak-shaving roles [10][14]. - The development of new energy storage systems is crucial, with a target of reaching 180 million kilowatts of new storage capacity by 2027 [11][21]. Group 3: Wind Power Industry - The wind power sector is projected to maintain steady growth, with a target of adding no less than 12 million kilowatts of new capacity during the "15th Five-Year Plan" [26][29]. - The profitability of the wind power industry is expected to improve as the price of wind turbines rises, reversing the previous downward trend [27][28]. - The article notes that the offshore wind power market is poised for significant growth, with many projects nearing the start of construction [29][30]. Group 4: Solar Power Industry - The solar power industry is anticipated to face short-term challenges due to supply-demand mismatches, but is expected to recover as consumption capacity improves [16][22]. - The article emphasizes the importance of integrating solar power with energy storage solutions to enhance the stability and reliability of power supply [20][22]. - The solar industry is also expected to benefit from international demand, particularly in regions like Europe and Australia, where storage needs are rising [20][21].

他表示，中国在应对气变上是实打实的"行动派"。我们将碳达峰碳中和作为国家战略，构建了全 球最系统完备的碳减排政策体系，建成了全球最大、发展最快的可再生能源体系，是世界能耗强 度下降最快的国家之一。中国向世界提供了70%的风电设备、80%的光伏组件设备，推动全球风 电和光伏发电成本分别下降超过60%和80%。习近平主席在联合国气候变化峰会上郑重宣布中国 2035年国家自主贡献目标，覆盖全经济范围、包括所有温室气体，首次提出绝对量减排目标，体 现了中国的坚定决心和最大努力。 "中方将与各方一道，贯彻共同但有区别的责任原则，推动本次大会达成积极平衡成果，为全球气 候治理作出新的贡献。"郭嘉昆说。 郭嘉昆表示，今年是《巴黎协定》达成10周年，全球气候治理进入关键阶段。中方积极参与引领 全球气候治理，坚定支持巴西作为主席国举办大会。习近平主席特别代表、中共中央政治局常 委、国务院副总理丁薛祥出席贝伦气候峰会并致辞，宣介了中共二十届四中全会精神，传递了把 握正确方向、落实气候行动、深化开放合作的强有力信号，为本次大会取得成功提供动力。 "气候变化关乎人类共同未来。无论是全球南方还是全球北方、发展中国家还是发达国家，大家都 ...