今年1月14日，丹东市发布了《丹东市"十四五"海上风电项目竞争性配置公告》，吸引了5家符合要求的 单位报名申请。经专家评审，最终确定华电集团、国家电投、中国电建为项目开发业主单位，分别开发 200万千瓦、100万千瓦和50万千瓦建设规模，确保了项目资源的优化配置。这3个海上风电项目总投资 约320亿元，全容量并网后，年发电量可达100亿千瓦时，每年可等效节约标准煤318万吨，减少二氧化 碳排放826万吨。目前，各开发业主单位正在开展用地、用海、通航等开工前期各项工作，力争年内开 工建设。 与此同时，光伏也在有序发展。目前，丹东市已建成辽宁安宇电力光伏电站、国润麦隆光伏电站、通威 光伏电站、华能丹东电厂光伏电站等项目，总装机容量（含分布式光伏）62.47万千瓦。截至2024年 底，全市电力总装机421.56万千瓦，其中清洁能源装机259.86万千瓦，占全市电力总装机的61.6%。 聚焦项目建设 加快培育产业集群 中国发展网讯 记者施文郁报道 "3个海上风电项目总投资约320亿元，加快推动风电装备制造重大项目， 打造具有全国影响力的海上风电母港……"丹东市发展改革委相关负责人振奋地介绍。 近年来，丹东市深入贯彻" ...

Core Viewpoint - The carbon neutrality ETF (159790) is showing strong performance and growth, benefiting from the national "3060" carbon peak and carbon neutrality goals, with significant potential in the renewable energy and environmental protection sectors [3][5]. Performance Summary - As of April 28, 2025, the carbon neutrality ETF has increased by 0.56%, with notable gains in constituent stocks such as Sunshine Power (7.17%) and Goldwind Technology (6.56%) [3]. - Over the past week, the carbon neutrality ETF has accumulated a rise of 1.72%, ranking it in the top 20% among comparable funds [3]. - The ETF's trading volume reached 13.52 million yuan, with a turnover rate of 0.69% [3]. - The ETF's average daily trading volume over the past year is 29.50 million yuan, the highest among comparable funds [3]. Fund Size and Share Growth - The carbon neutrality ETF has seen a significant increase in size, growing by 13.29 million yuan over the past week, making it the largest carbon neutrality-themed ETF in the market [3]. - The ETF's shares have increased by 83 million over the past six months, indicating strong investor interest [3]. Return and Risk Metrics - The carbon neutrality ETF has achieved a net value increase of 0.23% over the past year, with a maximum monthly return of 20.08% since inception [4]. - The ETF has outperformed its benchmark with an annualized excess return of 2.37%, ranking in the top 40% among comparable funds [4]. - The ETF has a relatively low drawdown risk, with a year-to-date relative drawdown of 0.08% [4]. Fee Structure and Tracking Accuracy - The management fee for the carbon neutrality ETF is 0.50%, and the custody fee is 0.10% [4]. - The ETF has the highest tracking accuracy among comparable funds, with a tracking error of 0.033% over the past six months [4]. Valuation Insights - The underlying index, the CSI Mainland Low-Carbon Economy Theme Index, is currently valued at a historical low, with a price-to-book ratio (PB) of 2.27, which is below the index level for over 91.35% of the past year, indicating strong valuation attractiveness [4]. Top Holdings Overview - As of March 31, 2025, the top ten weighted stocks in the CSI Mainland Low-Carbon Economy Theme Index account for 61.81% of the index, including major players like Yangtze Power and CATL [5].

4月28日午间涨停分析 智通财经4月28日电，今日午盘全市场共32股涨停，连板股总数9只，18股封板未遂，封板率为64%（不含ST股、退市股）。焦点股方面，天元股份跌停，步 步高跌超8%，市场连板高度降低至4连板的东贝集团。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 华银电力 600744 | 3天3板 | 9.91% | 09:25 | 电力+业 | | 鸿博股份 002229 | 2天2板 | 9.97% | 09:25 | 算力+业 | | 金麒麟 | 首板 | 10.01% | 09:25 | 业绩 | | 603586 | | | | | | 三夫户外 | 首板 | 10.03% | 09:30 | 业绩 | | 002780 | | | | | | 金财互联 | 首板 | 9.96% | 09:31 | 业绩 | | 002530 | | | | | | 狮头股份 | 首板 | 10.03% | 09:35 | 业绩 | | 四川金顶 | 首板 | 10.00% | 09:46 | 业绩 | | --- ...

Group 1 - The core viewpoint of the article highlights that Junda Co., a leading global photovoltaic battery manufacturer, has initiated its IPO process in Hong Kong, marking a significant step in its globalization strategy amidst a restructuring of the energy market and capital valuations in the renewable sector [1][10] - The trend of renewable energy companies going public in Hong Kong has surged in 2024, with over 20 companies, including industry leaders like CATL and JA Solar, participating in this wave due to favorable policies and a recovering market [2][3] - Junda Co. aims to raise funds primarily for establishing a 5GW photovoltaic battery production base in Oman, capitalizing on the region's shift towards renewable energy and its strategic geographical position [3][4] Group 2 - In Q1 2025, Junda Co. reported a net profit of -1.06 billion yuan, but showed significant quarter-on-quarter growth in both net profit and net profit excluding non-recurring items, indicating a potential turning point in profitability driven by overseas market expansion and technological innovation [6][7] - The company's overseas market revenue share increased dramatically from 23.85% in 2024 to 58% in Q1 2025, reflecting successful market penetration in regions like Asia, Europe, and Latin America [6][8] - Junda Co. has achieved a high mass production conversion efficiency of over 26.0% for its N-type batteries, with ongoing technological advancements enhancing product competitiveness and cost efficiency [8][10] Group 3 - The company's IPO in Hong Kong represents a paradigm shift in China's renewable energy sector, transitioning from "capacity output" to a model integrating technology, capital, and geopolitical influence [10] - The combination of N-type battery efficiency breakthroughs and the Middle East's energy transition presents a unique opportunity for Junda Co. to reshape the global photovoltaic value chain [10]

Group 1: ESG Overview - ESG is a crucial framework for assessing corporate sustainability and social responsibility, gaining significant attention from global investors and enterprises[10] - The implementation of ESG principles is vital for enhancing the competitiveness and sustainable development of Chinese enterprises[11] - Aligning ESG with China's development goals supports green and sustainable growth, fostering innovation and resource conservation[12] Group 2: Domestic ESG Developments - The first distributed "canal surface" photovoltaic project in Hainan has a total installed capacity of 59.9 MW, expected to generate approximately 100.75 million kWh annually, reducing carbon emissions by about 4.2 tons per year[8] - The first urban green certificate and green electricity carbon business service center was established in Hangzhou, providing public services related to green electricity and carbon neutrality[15] - Fujian's Zhangping City has successfully implemented a bamboo forest carbon sink project covering 12,590 acres, with a carbon sink volume of 54,551.21 tons registered[16] Group 3: International ESG Developments - Japan's JERA plans to acquire Belgium's largest offshore wind company for $1.7 billion to expand its renewable energy capacity[17] - Deutsche Bank's DWS was fined €25 million (approximately $27 million) for misleading ESG claims, highlighting the importance of transparency in ESG reporting[19] - Apple has reduced its global greenhouse gas emissions by over 60% compared to 2015 levels, moving closer to its goal of carbon neutrality by 2030[20] Group 4: Green Finance Initiatives - Guangzhou announced its first batch of 15 "2024 Green Finance Benchmark Demonstration Units," with green loan balances increasing by 26.4% year-on-year[23] - The Bank of Communications issued 300 billion yuan in green financial bonds, fully allocated to green industry projects as per the 2021 Green Bond Support Project Directory[24] - Industrial Bank also issued 300 billion yuan in green financial bonds, with a subscription rate of 2.38 times, supporting various green industry sectors[25]

日前，安踏（02020.HK）发布《2024年度ESG（环境、社会及管治）报告》，系统披露其在绿色产品 创新、绿色低碳转型、绿色供应链共建等可持续发展领域的实践和成绩，这也是中国体育用品公司中首 个获得独立鉴证报告的ESG报告。 报告显示，在绿色产品方面，2024年安踏可持续产品占比突破30%，创新推出将库存成衣重新设计和再 造为新品的"安踏循环再造"系列。值得一提的是，2024年集团经过全生命周期碳足迹评估的产品达34 款，其中26款为碳中和认证产品。 在产品原材料方面，安踏集团优先采用对环境友好、健康安全的可持续原材料，并持续推进原材料溯源 工作。2024年集团100%鞋类产品皮革供应商获得LWG金级认证，超过99%的皮革可追溯。在产品包装 方面，安踏通过包装减量化、可持续包装使用和物料回收再利用，全面降低包装材料对环境的影响。 2024年安踏可持续包装占比提升至36%，服装产品使用超过90%可持续PE塑料袋。 安踏在报告中首次披露范围三间接温室气体排放数据，成为首批披露范围三的中国体育用品公司之一。 此外，集团总耗水密度下降2.5%，集团投资建设的自有营运工厂及物流中心光伏项目自发自用电力总 共超过88 ...

Investment Rating - The report maintains a "Buy" rating for the electric power equipment and new energy sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark index [7]. Core Insights - The report highlights a significant increase in exports of electric power equipment, with specific categories such as inverters, transformers, and high-voltage switches showing positive growth trends. However, components and batteries experienced a decline in year-over-year exports [6][2][3][5]. Summary by Category Inverters - In March 2025, inverter exports amounted to $630 million, reflecting a year-over-year increase of 5% and a month-over-month increase of 39%. Notably, exports to Africa surged by 81% year-over-year [2]. Transformers - From January to March 2025, total transformer exports reached 12.5 billion yuan, marking a year-over-year increase of 40%. In March alone, exports were 4.18 billion yuan, up 27% year-over-year [3]. Electric Meters - Total electric meter exports for the first three months of 2025 were 2.55 billion yuan, with a year-over-year increase of 9%. March exports were 770 million yuan, reflecting a 7% increase year-over-year [4]. High-Voltage Switches - High-voltage switch exports totaled 8.49 billion yuan from January to March 2025, showing a year-over-year increase of 30%. March exports were 3.27 billion yuan, up 50% year-over-year [5]. Components and Batteries - In March 2025, exports of components and batteries totaled $2.5 billion, representing a year-over-year decline of 24%, although there was a month-over-month increase of 48% [6].

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【电新】上海车展趋势观察：大电量增程、商用车电动化、宁德时代引领新技术——碳中和领域动态追踪（一 百五十五） 宁德时代引领新技术突破，骁遥双核+自生成锂/钠负极再次拉开产品代差。增程车型有望成为电动化下半 场主力，大电量增程成为趋势。重卡等商用车电动化加速。上海车展新车型发布，大电量增程、商用车电 动化等趋势有望带动锂电需求，新技术突破有望催化固态电池、钠电等主题行情。 （殷中枢/陈无忌） 2025-04-27 您可点击今日推送内容的第1条查看 【汽车】2025上海车展开幕，聚焦智能化主旋律——汽车和汽车零部件板块跟踪报告 2025上海车展开幕，智驾+机器人共振，全产业链变革加速。1）预计2025E销量提振前景依然可期， ...

特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 报告摘要 一、宁德时代引领新技术突破，骁遥双核+自生成锂/钠负极再次拉开产品代差 宁德时代推出三款颠覆性动力电池产品：钠新电池、骁遥双核电池、第二代神行超充电池。（1）自生成 负极新技术的应用超预期，展现宁德时代领先的研发能力和商业化实力，我们认为得益于金属负极保护层 材料和制备工艺的know-how，使得负极侧颠覆性升级快于预期，相关电解液添加剂和补锂剂环节有望受 益。（2）骁遥双核+自生成锂/钠负极，多元电池的组合适配各种场景，我们认为是在全固态电池商业化量 产之前的窗口期内，又一个拉开代差的产品。（3）钠新电池树立宁德时代钠电池的新品牌，能量密度提 升，突破低温、启停场景，有望带来新的增长曲线。（4）二代神行超充电池实现峰值充电功率12C同时续 航800km ...

Group 1 - The Jilin Petrochemical-Jilin Oilfield CO2 pipeline project has been launched, with a total length of approximately 400 kilometers, expected to sequester over 4 million tons of CO2 annually once completed [1][3] - This pipeline is the longest, largest diameter, and highest pressure CO2 pipeline in China, utilizing supercritical/dense phase transport technology, and will pass through four cities: Songyuan, Changchun, Siping, and Jilin [3] - The project incorporates advanced technologies such as centrifugal CO2 compressors and fiber-optic leak detection, filling gaps in domestic technology [3] Group 2 - The CO2 sequestered underground will also be used as a medium for oil extraction, improving efficiency by over 20% compared to traditional water-based methods, with an annual oil recovery of over 1 million tons [3] - The ultimate goal is to establish a closed-loop carbon cycle model of "capture-transport-utilization-sequestration" [3][4] - The project aims to create a main carbon network for carbon-emitting and utilizing enterprises in Jilin Province, significantly promoting the green and low-carbon transformation of local businesses [3][4] Group 3 - Carbon capture, utilization, and storage (CCUS) measures are crucial for achieving global carbon neutrality, and the CO2 pipeline is key to advancing the CCUS industry [4] - Jilin Oilfield has established China's first national-level demonstration project for the entire CCUS industry chain and process [4] - In 2024, Jilin Oilfield is expected to sequester 41,800 tons of CO2, accounting for 22% of the total CO2 sequestered by China National Petroleum Corporation [4]