证券代码：000899 证券简称：赣能股份 江西赣能股份有限公司 投资者关系活动记录表 编号：2025 -02 答：您好，公司密切跟踪国家相关政策，持续做好电力市场政策 分析研究，主动应对电力市场改革，努力构建并完善应对机制，统筹 协调系统资源，把握好行业变革机遇。具体详见公司《2024年年度报 告》"第三节 管理层讨论与分析 第十一点 公司未来发展的展 望"，谢谢！ 11.公司在新能源领域有显著增长，如光伏和风电项目。请问公 司未来在新能源项目上的布局和投资计划是什么？ 答：您好，截至2025年3月31日，公司所属已投产运营的新能源 发电装机规模412.14万千瓦，未来公司将紧密结合"十四五"发展 规划，积极布局能源新业态、密切跟踪新能源、储能等产业前沿技术， 多举措持续提高公司可再生电源装机比重，谢谢！ 12.公司之后的盈利有什么增长点？ | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 线 ...

Group 1: Business Overview - The company primarily exports to Germany, Hungary, and Malaysia, with a small quantity of samples sold to the United States [2] - The demand for power semiconductor module heat dissipation substrates is expected to grow rapidly due to the booming new energy vehicle industry [3] Group 2: Corporate Governance and Management - The company plans to enhance its governance and management systems to ensure scientific and effective operations [4] - Key focus areas include improving internal control systems and establishing a clear governance structure [4] Group 3: Product Development and Market Strategy - The company aims to increase R&D investment to adapt to industry trends and technological advancements [5][7] - Plans to expand product applications and explore new growth areas to enhance sustainable development capabilities [5][7] Group 4: Financial Performance and Investor Relations - The company will hold its annual shareholder meeting on May 15, 2025, to discuss dividend distribution [4] - A commitment to improving operational quality and establishing a regular dividend mechanism to enhance investor returns [6] Group 5: Future Growth and Market Positioning - The company will focus on market capture and cost reduction strategies to improve operational performance in 2025 [7][8] - Emphasis on modular design to lower manufacturing costs and improve efficiency through optimized supply chain management [8]

Core Insights - Lanzhou Petrochemical Vocational Technical University (Lanzhi) is recognized as a leading institution in the northwest energy sector, producing highly sought-after talent in the petrochemical field [1] - The article highlights three key programs with the highest employment rates and competitive salaries, reflecting industry trends and professional choices [1] Group 1: Petroleum and Chemical Technology - This program is a national-level demonstration major with a training base aligned with the large-scale refining and chemical facilities of China National Petroleum Corporation (CNPC) [3] - The curriculum has been upgraded to include a carbon neutrality technology module, focusing on practical applications of CO₂ capture and storage (CCUS) [3] - Job opportunities include traditional roles in major companies like CNPC and Sinopec, with starting salaries exceeding 8,000 yuan, as well as emerging positions in upstream photovoltaic material companies [3] Group 2: Oil and Gas Storage and Transportation Technology - This program features a unique long-distance pipeline simulation training system, with teaching standards aligned with the West-to-East Gas Transmission Project [5] - Students learn to operate smart pipeline SCADA systems and manage LNG receiving station safety [5] - Graduates have direct access to positions in state-owned enterprises, with companies like the National Pipeline Company recruiting over 200 graduates annually, offering rapid career advancement [5] Group 3: Industrial Process Automation Technology - The program collaborates with Zhejiang University to create a laboratory that simulates modern chemical central control room scenarios [7] - It includes courses on industrial big data analysis, aligning with the "East Data West Computing" initiative in Gansu [7] - Automation engineers in this field earn 40% higher salaries than traditional roles, with average monthly salaries ranging from 12,000 to 18,000 yuan [7] Group 4: Safety Technology and Management - The Ministry of Emergency Management mandates that chemical companies employ registered safety engineers, resulting in a talent gap of 5:1 [9] - The program offers specialized courses in chemical HAZOP analysis and process safety management (PSM) system development [9] - Graduates can obtain national safety engineer certification within three years, with certified individuals enjoying treatment equivalent to mid-level positions in state-owned enterprises, and safety directors in large parks earning annual salaries of 300,000 yuan [9] Conclusion - The attractiveness of these programs is attributed to their alignment with national energy security strategies and the upgrading needs of the northwest industry, positioning graduates as key players in the energy sector during the transition to carbon neutrality and new energy [9]

内容概要：自卸车是指通过液压或机械举升而自行卸载货物的车辆，又称翻斗车，由汽车底盘、液压举 升机构、货厢和取力装置等部件组成。氢能源自卸车则是使用氢能作为动力源的自卸车。与传统自卸车 相比，氢能源自卸车不仅实现了零排放、无污染，而且动力强续航长，安全系数与能源转化效率更高， 能够有效降低运营成本。氢能被誉为21世纪最清洁的能源，氢能的可持续发展对实现碳达峰、碳中和目 标具有重要意义。氢能作为新质生产力，正逐渐成为推动能源转型和绿色发展的重要引擎。受限于技 术、成本等因素，目前氢燃料电池自卸车销量规模较小，2024年销量为262辆，仅占新能源自卸车销量 的2%。新能源自卸车仍以纯电为主。未来，氢能源自卸车将在技术创新与产业协同驱动下迈向更广阔 的发展前景。随着核心技术持续突破，系统效率与耐久性将显著提升，制氢、储运等环节的瓶颈逐步化 解，为规模化应用铺平道路。商用车领域将继续引领示范运营，推动港口物流、城际货运等场景深度脱 碳。全球产业链合作将深化技术融合，促进成本下降与可靠性增强。政策引导下，绿氢生产与加氢网络 建设将形成良性循环，全生命周期减排效益进一步凸显。未来，氢燃料电池技术将与纯电动技术互补共 生，成 ...

4月30日， 全球容量最大的高温超导储能装置 在翠亨新区落户动工，这是国家重点研发计划"高 性能高温超导材料及磁储能应用"在中山配套落地的示范工程项目，能为高新企业提供超级稳定 的电能。 据悉，高温超导储能技术是推动我国新型电力系统建设，助力实现"碳达峰、碳中和"目标的关键 技术之一。此次落地的示范工程项目坐落于翠亨新区马鞍岛110kV滨海变电站旁，该装置由超导 磁体、低温制冷系统、变流器及监控系统等关键部件组成， 最大输出功率不低于5兆瓦，储能量 不低于10兆焦。 目前， 电网普遍采用的化学储能方式，虽然已经做到线路断电后能以秒为单位恢复供电的先进水 平，但随着高精尖企业的增多，企业对供电稳定性的质量又提出了更高的要求 ，需要应用高性能 的高温超导材料及磁储能技术。中山市翠亨新区党工委委员、管委会副主任邓锦平表示，深中通 道通车以来包括中广核、康方、中科药物研究所等大批高科技企业陆续建成投产，这批企业对电 力的需求不光量大，而且对稳定性的要求很高。 为满足企业需求，降低电力运营成本， 中山供电局在广东电网公司的组织下，联合中国科学院、 北京大学、北京交通大学、上海超导等国内顶尖团队 ，集中力量攻克了高温超导 ...

Group 1 - The Qingdao Municipal Administrative Approval Bureau provided expedited approval services for the Yantai-Weihai 1000 kV UHV AC transmission and transformation project, significantly reducing the time required for project initiation by nearly one and a half months [1][2] - The project involves multiple cities in Shandong Province, including Yantai, Qingdao, Weifang, Rizhao, and Linyi, and aims to support the province's energy structure transformation and the implementation of carbon neutrality and peak carbon strategies [2] - The Qingdao Administrative Approval Service System established a "one-on-one" connection for key projects, implementing a service process that includes full tracking, demand monitoring, and collaborative support, resulting in a 70% reduction in review frequency and a 50% savings in review costs [3] Group 2 - The project traverses 39 rivers and 73 crossing points, highlighting the complexity of the construction process and the need for efficient administrative support [2] - The Qingdao Administrative Approval Bureau plans to continue enhancing innovative approaches to optimize service measures, aiming to accelerate the progress of major projects and promote higher quality development in water-related construction projects [3]

Group 1 - The world's largest high-temperature superconducting energy storage device is under construction in the Cuiheng New District of Zhongshan, which is a key demonstration project of the national R&D plan for high-performance superconducting materials and magnetic energy storage applications [2] - This high-temperature superconducting energy storage technology is crucial for building a new power system in China and achieving the goals of "carbon peak and carbon neutrality" [2] - The project is located next to the 110kV Binhai Substation and consists of key components such as superconducting magnets, low-temperature refrigeration systems, inverters, and monitoring systems, with a maximum output power of no less than 5 megawatts and a storage capacity of no less than 10 megajoules [2] Group 2 - To meet the demand of enterprises and reduce electricity operating costs, Zhongshan Power Supply Bureau collaborated with top domestic teams to tackle challenges in the large-scale application of high-temperature superconducting materials and system integration, resulting in the development of the "high-temperature superconducting energy storage device" [3] - The high-temperature superconducting magnetic energy storage features include lossless operation and rapid response, achieving millisecond-level response times, which is over ten times faster than traditional chemical energy storage [3] - The project is expected to be completed and put into operation in November this year, becoming a "green energy bank" for Zhongshan, playing a significant role in stable electricity operation and emergency support for renewable energy consumption [3]

Investment Rating - The report does not explicitly state an investment rating for the servo motor industry in China for 2024 Core Insights - The Chinese servo motor market is projected to see a total sales volume of approximately 16.77 million units in 2024, representing a year-on-year growth of 23% [13][14] - The total sales revenue for the servo motor market is estimated to be around 10.5 billion yuan in 2024, with a slight increase of 2% compared to the previous year [16][17] - The domestic servo motor market is dominated by local manufacturers, holding approximately 52% of the market share, while foreign brands account for about 48% [19][21] Summary by Sections 1. Content Summary - The report outlines the challenges faced by the Chinese economy in 2024, including insufficient demand and operational difficulties for some enterprises, but overall economic growth is expected to continue with GDP reaching 134.9 trillion yuan, a 5% increase year-on-year [4][6] 2. Macro Environment Analysis - The industrial economy in China is expected to maintain a stable and positive trend, with total investment projected at approximately 17 trillion yuan, reflecting an 8.5% year-on-year growth [5][7] - The manufacturing sector is anticipated to see a revenue increase of 3% and an added value growth of 5% [5][7] 3. Competitive Landscape Analysis - The report indicates that domestic brands have a significant presence in both the AC and DC servo motor segments, with local manufacturers capturing over half of the market share [19][21] 4. Demand Structure Analysis - The demand for servo motors is expected to be driven by policies promoting energy efficiency and green development, which are aimed at achieving carbon neutrality goals [8][10] 5. Appendix - The report includes data on the import and export situation of servo motors in China, with exports estimated at approximately 870 million yuan, primarily consisting of AC servo motors [18][19]

Group 1: Oil and Gas Industry Overview - In 2024, global oil prices are expected to fluctuate significantly, while China's crude oil production is projected to increase and imports to decrease, stabilizing the import structure [2] - China's refined oil consumption is experiencing a dual decline due to the rapid development of new energy sources, with gasoline consumption decreasing by 1.25% and diesel by 4.86%, while aviation kerosene consumption is rebounding with a 5.06% increase [3] - The global oil market is influenced by geopolitical changes, supply-demand relationships, and monetary market fluctuations, with expectations of a downward trend in oil prices by 2025, averaging between $55 and $75 per barrel [4] Group 2: Natural Gas Sector Growth - China's natural gas production is expected to reach 246.37 billion cubic meters in 2024, marking a 6.2% year-on-year increase, with consumption also rising by 8% to 424.42 billion cubic meters [5] - The natural gas industry is rapidly developing under the "dual carbon" goals, with a focus on optimizing the gas usage structure and energy structure [6] - The long-term outlook for natural gas indicates stable growth, with an emphasis on expanding its use across various sectors to support a clean and efficient energy system [6] Group 3: Transition to Low-Carbon Economy - The global energy landscape is undergoing a significant transformation towards clean energy, with China leading in the deployment of renewable energy sources such as solar and wind [7][8] - In 2024, China's solar power capacity reached 878.7 million kilowatts, with a year-on-year growth of 45.65%, while wind power capacity reached 520 million kilowatts, accounting for approximately 45.6% of global capacity [8] - The development of carbon capture and storage (CCS) technologies is crucial for achieving carbon neutrality goals, with increased investment expected in these technologies by 2025 [9]

Core Insights - In 2024, China's refined oil market is experiencing significant changes, with fuel consumption in the transportation sector reaching its peak earlier than expected, leading to a transition from growth to decline in gasoline consumption [1][5] - The demand for refined oil is projected to continue declining in 2025, with an expected trend of "two declines and one increase" in consumption [1][25] Group 1: Refined Oil Consumption Trends - In 2024, the total refined oil consumption in China is estimated at 358.9 million tons, a decrease of 2.8% from the previous year, with gasoline and diesel consumption both declining [1][2] - Gasoline consumption is projected to decrease by 2.0% to 152 million tons, while aviation kerosene consumption is expected to grow by 13.0% [1][6] - Diesel consumption is anticipated to drop significantly, with a decline of 6.5% to 168 million tons, marking the largest decrease in recent years [12][22] Group 2: Impact of New Energy Vehicles - The rapid development of new energy vehicles (NEVs) is a key factor driving the decline in gasoline consumption, with NEV sales reaching 12.87 million units in 2024, accounting for 40.9% of the market [6][8] - The shift towards NEVs is further supported by government policies promoting the scrapping of old gasoline vehicles, which is expected to peak in 2024 [8][23] Group 3: Aviation Fuel Demand - Aviation kerosene consumption is projected to reach 39 million tons in 2024, reflecting a growth of 13% compared to the previous year, driven by increased domestic and international air travel [9][32] - The number of flights and passenger transport volume is expected to rise, contributing to the robust growth in aviation fuel demand [9][11] Group 4: Diesel Consumption Challenges - Diesel consumption is facing multiple pressures, including a slowdown in infrastructure investment and a decline in the real estate sector, leading to a significant drop in demand [12][34] - The increasing adoption of alternative fuels, such as liquefied natural gas (LNG), is further exacerbating the decline in diesel consumption, with LNG heavy truck sales experiencing a 15% increase in 2024 [13][15] Group 5: Refining Industry Adjustments - The refining industry in China is undergoing structural adjustments, with new refining capacities being introduced while older facilities are being shut down, resulting in a slight increase in total refining capacity to 923 million tons per year [16][18] - The export of refined oil is expected to decline due to reduced demand and lower export tax rebates, with actual export volumes decreasing by 527,000 tons in 2024 [19][22] Group 6: Policy Impacts - Government policies aimed at promoting the replacement of old vehicles and encouraging the use of new energy vehicles are expected to accelerate the transition towards a greener transportation sector [23][24] - The introduction of the "2024-2025 Energy Saving and Carbon Reduction Action Plan" is anticipated to further suppress diesel consumption and promote the adoption of cleaner energy alternatives [24][34] Group 7: Future Outlook - The refined oil market in China is expected to continue facing challenges in 2025, with overall consumption projected to decline to 345 million tons, reflecting ongoing structural adjustments and the impact of alternative energy sources [25][26] - The aviation fuel demand is likely to remain the only segment showing growth, while gasoline and diesel consumption will continue to decline [31][32]