Core Viewpoint - The National Bureau of Statistics of China released the energy production data for July 2025, indicating a mixed performance across different energy sectors, with coal production declining, while oil, natural gas, and electricity production showed growth. Group 1: Coal Production - The production of raw coal in the industrial sector decreased in July 2025 [1] Group 2: Oil Production - The crude oil production remained stable with an output of 12,660 million tons in the first seven months, reflecting a year-on-year growth of 1.3% [3] - The growth rate for crude oil production in July was 1.2%, which is a slowdown of 0.2 percentage points compared to June [3] Group 3: Natural Gas Production - The natural gas production in the industrial sector reached 21.6 billion cubic meters in July, showing a year-on-year increase of 7.4%, which is an acceleration of 2.8 percentage points compared to June [3] - For the first seven months, the total natural gas production was 152.5 billion cubic meters, marking a year-on-year growth of 6.0% [3] Group 4: Electricity Production - The electricity generation in the industrial sector amounted to 926.7 billion kilowatt-hours in July, with a year-on-year growth of 3.1%, which is an increase of 1.4 percentage points from June [3] - The total electricity production for the first seven months was 54,703 billion kilowatt-hours, reflecting a year-on-year growth of 1.3% [4]

Production Overview - In July, the production of raw coal in large-scale industries decreased, while crude oil production remained stable, and the growth rate of natural gas and electricity production accelerated [1][3][7][9] Raw Coal Production - In July, the output of raw coal was 380 million tons, a year-on-year decrease of 3.8%, with an average daily output of 12.29 million tons [1] - From January to July, the total output of raw coal reached 2.78 billion tons, reflecting a year-on-year increase of 3.8% [1] Crude Oil Production - In July, the output of crude oil was 18.12 million tons, showing a year-on-year growth of 1.2%, with a daily average output of 585,000 tons [3] - From January to July, the total output of crude oil was 126.6 million tons, with a year-on-year increase of 1.3% [3] Natural Gas Production - In July, the output of natural gas was 21.6 billion cubic meters, representing a year-on-year increase of 7.4%, with a daily average output of 700 million cubic meters [7] - From January to July, the total output of natural gas was 152.5 billion cubic meters, with a year-on-year increase of 6.0% [7] Electricity Production - In July, the electricity generation was 926.7 billion kilowatt-hours, a year-on-year increase of 3.1%, with a daily average generation of 29.89 billion kilowatt-hours [9] - From January to July, the total electricity generation was 5,470.3 billion kilowatt-hours, reflecting a year-on-year increase of 1.3% [9] - The growth rates for different types of electricity generation in July included: thermal power increased by 4.3%, hydropower decreased by 9.8%, nuclear power grew by 8.3%, wind power increased by 5.5%, and solar power surged by 28.7% [9]

Group 1: Production Overview - In July, the production of raw coal in large-scale industries decreased, while crude oil production remained stable, and the growth rate of natural gas and electricity production accelerated [1] - The output of raw coal in July was 380 million tons, a year-on-year decrease of 3.8%, with an average daily output of 12.29 million tons. From January to July, the total output was 2.78 billion tons, a year-on-year increase of 3.8% [2] - Crude oil production in July was 18.12 million tons, a year-on-year increase of 1.2%, with a daily average of 585,000 tons. From January to July, the total output was 126.6 million tons, a year-on-year increase of 1.3% [4] - Natural gas production in July reached 21.6 billion cubic meters, a year-on-year increase of 7.4%, with a daily average of 700 million cubic meters. From January to July, the total output was 152.5 billion cubic meters, a year-on-year increase of 6.0% [8] Group 2: Electricity Production - Electricity production in large-scale industries accelerated in July, with a total generation of 926.7 billion kilowatt-hours, a year-on-year increase of 3.1%, and an average daily generation of 29.89 billion kilowatt-hours. From January to July, the total generation was 5,470.3 billion kilowatt-hours, a year-on-year increase of 1.3% [10] - In July, the growth rates of thermal power, wind power, and solar power generation increased, while hydropower experienced a larger decline, and nuclear power growth slowed. Specifically, thermal power increased by 4.3%, hydropower decreased by 9.8%, nuclear power grew by 8.3%, wind power increased by 5.5%, and solar power surged by 28.7% [10]

Core Insights - In July 2025, the energy production in China showed a mixed performance with an increase in electricity generation and natural gas production, while coal production declined [1][2][3][5][9][11] Group 1: Electricity Production - The total electricity generation by large-scale industries reached 926.7 billion kWh in July, marking a year-on-year increase of 3.1%, with a growth rate acceleration of 1.4 percentage points compared to June [1][11] - The average daily electricity generation was 29.89 billion kWh in July, and for the first seven months, the total generation was 5,470.3 billion kWh, reflecting a year-on-year growth of 1.3% [1][11] - Among different energy sources, coal-fired power generation increased by 4.3%, wind power by 5.5%, and solar power surged by 28.7%, while hydropower saw a decline of 9.8% and nuclear power growth slowed to 8.3% [1][11] Group 2: Coal, Oil, and Gas Production - Coal production in July was 38 million tons, showing a year-on-year decrease of 3.8%, with an average daily output of 12.29 million tons [2][3] - Crude oil production remained stable at 18.12 million tons in July, with a year-on-year increase of 1.2%, while the average daily output was 585,000 tons [5] - Natural gas production increased significantly, reaching 21.6 billion cubic meters in July, which is a year-on-year growth of 7.4%, with an average daily output of 700 million cubic meters [9]

Core Insights - The report highlights the performance of Hubei Province's power generation in 2025, indicating a total generation of 238.8 billion kWh in June, representing a year-on-year increase of 2.3% [1] - In the first half of 2025, Hubei's total power generation was 691.2 billion kWh, showing a year-on-year decline of 4.5% [1] Generation Breakdown - Thermal power generation accounted for 754.7 billion kWh, making up 51.9% of the total, with a slight year-on-year decrease of 0.1% [1] - Hydropower generation reached 504.7 billion kWh, representing 34.7% of the total, with a significant year-on-year decline of 14.3% [1] - Wind power generation increased to 88.7 billion kWh, constituting 6.1% of the total, with a year-on-year growth of 16.2% [1] - Solar power generation was 104.95 billion kWh, accounting for 7.2% of the total, with a year-on-year increase of 5.8% [1]

Group 1 - The core viewpoint of the news highlights the performance of the energy sector in Henan Province, indicating a decline in overall electricity generation in 2025 compared to the previous year [1] - In June 2025, Henan Province generated 258.5 billion kilowatt-hours of electricity, representing a year-on-year decrease of 0.9% [1] - In the first half of 2025, the total electricity generation in Henan Province was 836.5 billion kilowatt-hours, showing a year-on-year decline of 3.8% [1] Group 2 - In terms of electricity generation by type, thermal power accounted for 77% of the total generation, amounting to 1,255.9 billion kilowatt-hours, with a year-on-year decrease of 6.5% [1] - Hydropower generation reached 76.1 billion kilowatt-hours, making up 4.7% of the total, and experienced a year-on-year growth of 4.4% [1] - Wind power generation was 257.6 billion kilowatt-hours, representing 15.8% of the total, with a significant year-on-year increase of 26.3% [1] - Solar power generation totaled 42.49 billion kilowatt-hours, accounting for 2.6% of the total, and saw a year-on-year growth of 18.7% [1]

Core Insights - The report highlights a decline in electricity generation in Shandong Province for the first half of 2025, with a total generation of 1513.4 billion kWh, representing a year-on-year decrease of 2.3% [1] - The report indicates a significant increase in nuclear power generation, which rose by 60.5% year-on-year, reaching 166.7 billion kWh, while other sources like thermal and hydropower saw declines [1] Electricity Generation Breakdown - In the first half of 2025, thermal power generation accounted for 77.4% of total generation at 2263.1 billion kWh, down 6.9% year-on-year [1] - Hydropower generation was 27.4 billion kWh, making up 0.9% of the total, with a year-on-year decrease of 6% [1] - Wind power generation increased slightly by 0.4% to 325.8 billion kWh, representing 11.1% of total generation [1] - Solar power generation saw a notable increase of 17.8%, totaling 140.5 billion kWh, which is 4.8% of the total generation [1] Industry Context - The report is part of a broader market research analysis by Zhiyan Consulting, focusing on the energy sector in China from 2025 to 2031, providing insights into market trends and investment prospects [1][2] - The data is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting, ensuring consistency in the statistical scope for year-on-year comparisons [3]

Core Insights - The report by Zhiyan Consulting highlights the energy production trends in Guangxi Zhuang Autonomous Region for 2025, indicating a mixed performance across different energy sources [1]. Group 1: Energy Production Overview - In June 2025, Guangxi's electricity generation reached 20.93 billion kilowatt-hours, reflecting a year-on-year increase of 0.9% [1]. - For the first half of 2025, total electricity generation in Guangxi was 59.08 billion kilowatt-hours, showing a year-on-year decline of 0.9% [1]. Group 2: Breakdown by Energy Source - Thermal power generation accounted for 57.4 billion kilowatt-hours, representing 47.9% of total generation, with a year-on-year decrease of 10.1% [1]. - Hydropower generation was 22.45 billion kilowatt-hours, making up 18.7% of total generation, and experienced a year-on-year decline of 11.5% [1]. - Nuclear power generation reached 16.54 billion kilowatt-hours, contributing 13.8% to total generation, and saw a year-on-year increase of 33% [1]. - Wind power generation was 18.65 billion kilowatt-hours, accounting for 15.6% of total generation, with a year-on-year growth of 17.7% [1]. - Solar power generation totaled 4.867 billion kilowatt-hours, representing 4.1% of total generation, and increased by 27% year-on-year [1].

Group 1 - The core viewpoint of the news highlights the performance of Hunan Province's power generation in 2025, indicating a mixed trend with an overall increase in thermal power generation and a significant decline in hydropower generation [1] - In June 2025, Hunan Province's power generation reached 141.7 billion kilowatt-hours, representing a year-on-year growth of 5.9% [1] - In the first half of 2025, Hunan Province's total power generation was 428.4 billion kilowatt-hours, showing a year-on-year decrease of 1.7% [1] Group 2 - In the first half of 2025, thermal power generation was 488.9 billion kilowatt-hours, accounting for 59.1% of the total power generation, with a year-on-year increase of 14.2% [1] - Hydropower generation in the same period was 193.2 billion kilowatt-hours, making up 23.3% of the total, but experienced a year-on-year decline of 28.7% [1] - Wind power generation was 111.8 billion kilowatt-hours, representing 13.5% of the total, with a slight year-on-year decrease of 1.4% [1] - Solar power generation reached 33.73 billion kilowatt-hours, accounting for 4.1% of the total, and saw a significant year-on-year increase of 59.8% [1]

附注 上市企业：深圳燃气（601139）、明阳智能（601615）、禾望电气（603063）、白云电器（603861）、 博力威（688345）、嘉元科技（688388）、珠海冠宇（688772）、德瑞锂电（833523）、雷特科技 （832110）、力王股份（831627） 相关报告：智研咨询发布的《2025-2031年中国能源行业市场研究分析及投资前景评估报告》 2025年6月，广东省发电594.8亿千瓦时，同比下滑0.7%。2025年上半年，广东省发电1537.6亿千瓦时， 同比下滑3.1%。分品种看，2025年上半年，广东省火力发电量2327.4亿千瓦时，占总发电量的70.3%， 同比增长1.9%；广东省水力发电量97亿千瓦时，占总发电量的2.9%，同比下滑30.6%；广东省核能发电 量615.6亿千瓦时，占总发电量的18.6%，同比增长5.4%；广东省风力发电量186.6亿千瓦时，占总发电 量的5.6%，同比下滑4.2%；广东省太阳能发电量85.46亿千瓦时占总发电量的2.6%，同比增长40.7%。 由于规模以上工业企业范围每年发生变化，为保证本年数据与上年可比，计算产品产量等各项指标同比 增长速度 ...