11月的柴达木盆地天寒地冻，气温已跌至冰点。但走进藏族汉子万玛家，一股暖流扑面而来。从昔日整 天"抱着炉子转"，到如今可舒适享受长达7个月的清洁供暖季，万玛一家幸福感满满。 绿色高效供暖同样需要"智慧储热管家"的调度。巩旭指着集控中心的电脑对记者说，智慧系统会根据采 集的室内外温度，对热水流量的分配划定参考值，进而调整热力系统负荷，将温度始终维持在体感最舒 适的区间。 据悉，都兰清洁供暖项目每年可节约标准煤14万吨，相应每年可减排二氧化碳约39万吨、二氧化硫1020 吨。 大唐青海公司相关负责人说，该项目可为国家和行业主管部门出台高寒、高海拔地区清洁供暖标准、统 计和计量体系提供支撑，为智慧供热管理平台和控制系统研究提供参考，为加快构建高效管理、精准调 控和节能降耗供热系统，促进国内供热系统数字化转型升级提供案例。 都兰县住房和城乡建设局项目办主任孔治说，清洁供暖项目的落地，对都兰县是一场意义深远的绿色变 革。项目不仅直接带动了本地群众就业，提升了各族群众的幸福感与获得感，还显著减少二氧化碳、二 氧化硫等污染物排放，构建起安全、低碳、高效的绿色供热新格局。 今年10月，青海省海西蒙古族藏族自治州都兰县政府与大 ...

热泵站里，记者看到，5台10兆瓦污水源热泵机组排成一排，工作人员按照天气变化可以随时进行增减调控，稳定保障辖区居民的供热需 求。 央视网消息：随着我国北方地区陆续进入采暖季，我国也进入到每年大气污染防治的攻坚期。如何既让千家万户"温暖过冬"，又能让"蓝 天常在"？甘肃多地不断探索清洁供暖的新方式。 今年供暖季，位于甘肃兰州城关区的这个雁儿湾污水源热泵站，正式开始为周边区域供热。这是甘肃省首个利用污水作为热源的供热项 目。 在雁儿湾污水源热泵站，如果我们从空中俯瞰就会发现，这个站点的位置与雁儿湾污水处理厂仅一墙之隔。城市生活污水经过初步处理后 形成的中水，会在这里通过管道输送至站内的5台大型热泵离心机组。 城市里用上了清洁能源，农村也在推进冬季取暖清洁化，将农户清洁取暖改造项目作为为民办实事重点项目，让村民干净温暖过冬。 走进武威市古浪县西靖镇感恩新村村民蒲武山的家，暖意扑面而来，却不见煤炉和烟囱的踪影。 让蒲武山称赞的就是当地实施的清洁能源取暖建设项目。该项目是以太阳能为基础的光热系统，白天充分吸收太阳能，进而转化为热能， 通过循环系统输送到室内散热终端，对采暖房间持续供热。在太阳能不足或低温时，设备可实时启 ...

兰州热力集团规划发展部部长王伟介绍，它本身都是封闭系统，污水也只是从污水处理厂到热泵站房之后，返回到污水处理厂，不进入任何用 户供热系统。 央视网消息：目前，我国北方地区已经陆续进入采暖季。在甘肃兰州，当地正不断探索清洁供暖的新方式，力求让居民享受温暖的同时，降低 能源消耗和碳排放。 在甘肃兰州市，位于城关区东岗片区的雁儿湾污水源热泵站2025年供暖季正式投入运行。这是甘肃省首个利用污水作为热源的供热项目，较于 传统燃气锅炉，污水源热泵技术仅提取水中热能，不直接燃烧化石燃料，每年可减少碳排放4.7万吨。 这个就是经过污水处理厂处理的中水的入网温度，经过热泵离心机组的处理，最终流向用户家中的温度将达到40摄氏度以上。 2025年，兰州市通过5个新能源供热项目的投用，对供热能源结构进行探索性改革，进一步优化城市能源结构。 甘肃：多地乡村有序推进冬季取暖清洁化 除了城市之外，甘肃多地也在乡村有序推进冬季取暖清洁化。 走进武威市古浪县西靖镇感恩新村一户村民家，暖意扑面而来，却不见煤炉和烟囱的踪影。原来这个冬季，村民家的供热系统是以太阳能为基 础的光热系统。白天充分吸收太阳能，进而转化为热能，通过循环系统输送到室内散热 ...

Core Viewpoint - The article highlights the efforts and advancements in clean heating initiatives across various regions in China, particularly focusing on the implementation of geothermal heating in Tibet and waste-to-energy systems in Hebei, aiming to ensure a warm winter while promoting environmental sustainability [1] Group 1: Clean Heating Initiatives - Tibet's Naqu City, the highest prefecture-level city in China, has launched the largest geothermal heating project, achieving zero pollution and zero emissions by overcoming technical challenges [1] - Over 90% of the population in regions above 5000 meters in Tibet, including Lhasa, Naqu, Ali, and Shigatse, now benefit from clean heating solutions [1] Group 2: Waste-to-Energy Transformation - In Qiu County, Hebei, a new waste incineration heating system has transformed municipal waste into a clean heat source, meeting the heating needs of 75% of local residential communities [1] Group 3: Government Investment and Impact - Since 2017, the Chinese government has invested 132.07 billion yuan to support clean heating renovations in 88 cities in northern China, successfully replacing coal for approximately 41 million households [1]

Group 1 - The article highlights the importance of clean heating solutions in Tibet, particularly as the region enters the heating season amidst colder weather [1] - Tibet has rich geothermal, hydropower, and solar energy resources, which are being utilized to implement clean heating projects, significantly improving the quality of life for local residents [1][5] - The largest geothermal heating project in China, located in Naqu City, has successfully overcome technical challenges, achieving zero pollution and zero emissions in its operations [3] Group 2 - Since the start of the 14th Five-Year Plan, Tibet has secured 41.05 billion yuan in central budget funds and attracted 37.75 billion yuan in social capital for heating projects, benefiting over 900,000 people [5] - Seven pilot projects for clean energy centralized heating have been launched in Tibet, with a recent solar heating project in Shigatse providing continuous heating for 690,000 square meters [6] - The goal is to achieve full coverage of heating and oxygen supply facilities in towns above 3,000 meters and in pastoral areas above 4,500 meters [8] Group 3 - In Shandong, the longest heating pipeline in China has been completed, connecting the industrial waste heat from Liaocheng to Jinan, providing a stable clean heat source [10] - The pipeline, part of the "Liaohot into Jinan" project, spans 110 kilometers and is expected to meet the heating needs of one-fourth of Jinan's urban area [12] - The project is projected to reduce carbon dioxide emissions by 356.4 million tons this heating season, equivalent to the carbon sequestration of four Saihanba forest farms in a year [12]

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Insights - The company reported a total revenue of 3.509 billion yuan in 2024, a year-on-year increase of 2.87%, while the net profit attributable to shareholders decreased by 23.29% to 659 million yuan, primarily due to asset impairment losses and increased media resource costs [6] - In Q1 2025, the company achieved a revenue of 1.698 billion yuan, a slight decrease of 1.06% year-on-year, but the net profit attributable to shareholders rose by 9.56% to 618 million yuan, aligning with expectations [6] - The heating and steam business revenue grew by 4.05% to 2.275 billion yuan in 2024, with a gross profit of 556 million yuan, reflecting a 10.96% increase [6] - The company has a strong cash position with 7.393 billion yuan in cash, representing 43% of total assets, which supports its dividend and share repurchase strategies [6] Financial Data and Profit Forecast - Total revenue forecast for 2025 is 3.632 billion yuan, with a year-on-year growth of 3.5% [5] - The net profit attributable to shareholders is projected to be 841 million yuan in 2025, reflecting a significant increase of 27.6% [5] - The company plans to distribute a cash dividend of 0.2 yuan per share, which is 67.5% of the net profit, along with a special dividend of 0.12 yuan per share, totaling 712 million yuan in dividends [6] - The estimated PE ratios for 2025 and 2026 are 16 and 15, respectively, with a reasonable market value of 165 billion yuan, indicating a potential upside of 22% from the current market capitalization [6]