● 本报记者 刘丽靓 从中国铀业、华电新能相继挂牌上市，到中国中车拟分拆中车戚所至创业板上市，再到阿维塔、岚图等 国有车企集体冲刺港股……近期，一批承载着国家战略使命的国资企业密集叩开资本市场大门。这场 以"聚焦主业、布局战新"为核心的资产证券化浪潮，勾勒出国有资本向高质量发展转型的清晰路径。业 内人士认为，当前央企上市不仅是融资，更是深化改革的战略抓手，其核心在于推动主业升级与战略性 新兴产业发展，培育新质生产力。下一阶段，预计新材料、生物制药、数字经济等前沿领域将持续成为 资本运作的重点，分拆上市则成显著趋势，旨在通过构建独立融资平台激发创新活力。 资本运作聚焦战新产业 公开数据显示，截至2025年11月底，年内A股市场已涌现近30单分拆上市计划，其中央企占据显著份 额。例如，中国联通拟分拆智网科技至创业板上市、中色股份分拆的中国瑞林已在上交所主板实现上市 等，显示出政策驱动下资产证券化的多元化与活跃度。具体来看，央企分拆上市的目的地高度集中于创 业板与科创板，涉及的行业包括高端装备、信息技术以及新材料等，高度契合国家战略性新兴产业的发 展方向。 国务院国资委近日提出，央企要多用、善用资本市场，用好并购这 ...

Core Insights - Datang International Power Generation Co., Ltd. reported a revenue of 57.193 billion yuan for the first half of 2025, a year-on-year decrease of 1.93%, while net profit attributable to shareholders increased by 47.35% to 4.579 billion yuan [1] - The company announced a mid-year profit distribution plan, proposing a cash dividend of 0.055 yuan per share, amounting to approximately 1.018 billion yuan [1] - Datang's total profit reached 7.284 billion yuan, reflecting a year-on-year growth of 36.14%, marking the best performance for the same period in the company's history [1] Business Performance - The total installed capacity of the company reached 80,889.68 megawatts by the end of the reporting period, with thermal power concentrated in the Beijing-Tianjin-Hebei and southeastern coastal regions, while hydropower projects are mainly located in the southwest [2] - The company is actively promoting the transition to low-carbon clean energy, with an increase of 1,117.45 megawatts in clean energy installed capacity during the reporting period, including 502.47 megawatts from thermal power, 167.45 megawatts from wind power, and 447.53 megawatts from solar power [2] - The proportion of low-carbon clean energy installed capacity rose to 40.87%, an increase of 0.5 percentage points compared to the end of 2024 [2] Sector Performance - The wind power segment of the company's new energy sector saw a remarkable profit increase of 71.29% year-on-year during the first half of the year [3]