吉电股份此次计划投资的广西邕宁那楼二期100MW风电项目，彰显了公司聚焦新能源赛道的坚定决 心。 长江商报消息●长江商报记者 江楚雅 作为国家电投集团旗下核心绿色能源平台，吉电股份（000875.SZ）正加速推进新能源产业布局。 12月16日，吉电股份公告，其全资子公司下属企业拟投资5.64亿元建设广西邕宁那楼二期100MW风电 项目，这是公司布局新能源后的又一重要举措。 截至2025年上半年，吉电股份清洁能源装机容量已达1135.09万千瓦，占总装机比重高达77.48%，朝着 2025年清洁能源占比超90%的战略目标稳步迈进。 与此同时，公司在绿色氢基能源领域的布局成效初显，"新能源+"和绿色氢基能源"双赛道"格局日益清 晰。 新能源布局持续深化 根据公告，该项目由公司全资子公司广西沃中投资有限公司所属的广西吉投智慧能源科技有限公司负责 建设，动态总投资5.64亿元，计划工期12个月。 从项目建设内容来看，此次规划兼具规模效应与产业链完整性。项目拟安装16台单机容量6.25MW的风 力发电机组，总建设容量达100MW，同时将扩建那楼风电场一期升压站，并配套建设4条35kV场内集 电线路及220kV外送线路。 ...

吉林电力股份有限公司投资者关系活动记录表 编号：2025-006 | 源板块收入占比情况将与公司半年报水平趋同。 | | --- | | 2.公司对氢能未来发展判断？ | | 答：党的二十届四中全会提出"培育壮大新兴产业和未来产 | | 业"；"十五五"规划建议稿提出前瞻布局未来产业，推动氢能 | | 和核聚变能等成为新的经济增长点。氢能产业作为推动终端用能 | | 绿色低碳转型的关键载体，对保障国家能源安全及集团可持续发 | | 展具有重要意义。吉电股份作为国家电投集团绿色氢基能源平台， | | 紧密围绕国家战略指引，聚焦氢能核心技术攻关与自主创新，精 | | 准布局产业链、供应链的关键环节，积极规划和推进绿色氢基能 | | 源产业发展，助力能源转型和高质量发展。 | | 3.公司大安风光制氢合成氨一体化项目投产情况？ | | 答：公司大安风光制氢合成氨一体化项目于 2025 年 7 月 26 | | 日试运行投产后，生产运营情况总体平稳。 | | 4.IMO 推迟后对绿醇需求影响，梨树甲醇项目目前进展如何? | | 答：梨树绿色甲醇项目投资决策边界条件不受其影响。梨树 | | 绿色甲醇项目已完成投资决策， ...

本项目的成功投产，是公司深入践行国家"双碳"战略、服务东北全面振兴的重要标志性成果，也是公司 向能源一体化解决方案提供商战略转型的关键里程碑。通过技术创新与系统集成，项目成功将绿氨成本 降至具有市场竞争力水平，为绿色氢基能源的规模化、商业化应用开辟了可行路径。 氢能产业是公司"十四五"和"十五五"期间重点培育的战略核心业务与增长新动能。本项目的顺利投产， 不仅显著强化了公司在氢能全产业链领域的技术领先优势与市场先发地位，也为公司后续推进的其他重 点氢能项目的建设与市场开拓，奠定了坚实的技术基础与商业化示范，是驱动公司高质量、可持续发展 的核心引擎之一。 格隆汇12月16日丨中国能源建设(03996.HK)公告，2025年12月16日，中国能源建设股份有限公司(以下 简称公司)投资建设的全球最大规模绿色氢氨醇一体化项目——中能建松原氢能产业园(绿色氢氨醇一体 化)项目一期工程(以下简称松原项目一期或本项目)正式投产运行。 松原项目一期工程于2023年9月开工建设，总投资69.46亿元，建设内容包括80万千瓦新能源发电(其中 风电75万千瓦、光伏5万千瓦)，2025年12月1日项目建成并首次成功生产绿氢，2025 ...

Core Viewpoint - The Chinese hydrogen energy industry is rapidly developing, with significant government support and a clear trajectory towards commercialization and large-scale application in the coming years [1][4][10]. Group 1: Industry Development - China's hydrogen energy production and consumption scale is expected to exceed 36.5 million tons in 2024, ranking first globally [2]. - The annual production capacity of green hydrogen in China has surpassed 220,000 tons, accounting for over 50% of the global total [2]. - The number of hydrogen refueling stations has exceeded 540, representing 40% of the global total [2]. - By 2030, China's green hydrogen production could reach over 3 million tons annually, forming a market worth over 1 trillion yuan [2]. Group 2: Policy and Strategic Support - The national strategy for hydrogen energy is being elevated, with a comprehensive policy framework being established [4]. - The "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" emphasize the importance of hydrogen energy, indicating a shift from pilot projects to industrialization [4][5]. - Local governments have actively responded with over 560 hydrogen energy-specific policies to promote industry development [5]. Group 3: Challenges and Market Dynamics - The hydrogen industry is currently experiencing a phase of adjustment, facing challenges in transitioning from technology validation to commercial implementation [7]. - Cost and scale remain the primary constraints, with green hydrogen prices still 1.5 to 6 times higher than gray hydrogen [8]. - The market demand for hydrogen energy is not yet fully synchronized with commercial models, particularly in transportation where electric vehicles dominate [8]. Group 4: Future Opportunities - The application of green hydrogen as a basis for green fuels is expected to be a key growth area in the next five years [10]. - Green hydrogen-based energy sources, such as green ammonia and green methanol, are emerging as viable alternatives, expanding the potential application scenarios [11]. - The integration of AI technology in the hydrogen sector is anticipated to enhance efficiency and drive innovation, with a projected compound annual growth rate of 12% in AI applications within the green hydrogen field from 2024 to 2030 [9]. Group 5: Infrastructure and Capacity Expansion - By 2030, the total demand for green hydrogen in various sectors is expected to reach 4.8 million tons annually, with industrial applications being the largest segment [15]. - The construction of long-distance hydrogen pipelines is progressing, with plans for over 5,000 kilometers of pipelines by 2030 [13]. - The production capacity of green hydrogen is projected to exceed 1 million tons per year by 2027, with significant advancements in technology and infrastructure [12].

Core Viewpoint - The company plans to establish a green methanol industry chain and address storage and export issues for green hydrogen-based energy products in Northeast China through a new subsidiary [1] Group 1: Company Actions - The company, through its subsidiary Guodian Investment Future Energy Development (Shanghai) Co., Ltd., will participate in the establishment of Dalian COSCO Shipping New Energy Storage and Logistics Co., Ltd. [1] - Guodian Investment Future will hold a 10% stake in the new company, with a subscribed capital contribution of 37.825 million yuan [1]

Core Viewpoint - The company plans to establish a green methanol industry chain and address storage and export issues for green hydrogen-based energy products in Northeast China through a new subsidiary [1] Group 1: Company Initiatives - The company will participate in the establishment of Dalian COSCO Shipping New Energy Storage and Logistics Co., Ltd. through its subsidiary, State Power Investment Future Energy Development (Shanghai) Co., Ltd. [1] - State Power Investment Future will hold a 10% stake in the new company, with a subscribed capital contribution of 37.825 million yuan [1]

Core Insights - Over 400 A-share listed companies have been investigated by institutions since November, with Lixun Precision receiving the most attention from over 200 institutions [2][3] - The focus of institutional research is on "hard technology" sectors such as electronic components and integrated circuits [2][8] Company-Specific Insights - Lixun Precision's stock price was reported at 59.9 yuan per share, with a market capitalization of 436.2 billion yuan as of November 7 [2] - During the investigations, Lixun Precision was asked about its future technology focus in the context of the AI era, emphasizing the need for advancements in both hardware and software capabilities [4] - Tongyu Communication discussed its proactive technological layout in the transition from 5G to 6G, highlighting its focus on multi-beam communication and low-orbit satellite internet as core infrastructure for future developments [5] Industry Trends - The "14th Five-Year Plan" development strategies of listed companies are a key area of interest for institutions, with companies like HNA Holding and China Energy Construction outlining their future plans [7] - The technology sector remains a focal point for investment, with institutions recommending attention to semiconductor manufacturing, new energy systems, quantum technology, and AI applications [8]

Core Viewpoint - The project represents a significant investment in green energy, integrating wind power, hydrogen production, and methanol synthesis, aiming to establish a zero-carbon cycle demonstration project in Liaoning Province [1][2]. Group 1: Project Overview - The total investment for the project is 3.945 billion yuan, which includes the construction of a 450 MW wind farm, a 295 MW hydrogen production and storage facility, an 80 MW/80 MWh energy storage station, and a 100,000 tons/year methanol synthesis plant [1]. - Upon completion, the project is expected to produce 19,000 tons of green hydrogen and 100,000 tons of green methanol annually [1]. Group 2: Technological Innovation - The project employs an integrated design of wind power, hydrogen production, and methanol synthesis, overcoming major technological challenges in electric-hydrogen coupling and flexible chemical processes [1]. - The methanol synthesis process utilizes carbon dioxide from the emissions of a nearby fuel ethanol plant, transforming waste into a key raw material for green methanol production [2]. Group 3: Strategic Importance - The project has been selected as a pilot for the first batch of green liquid fuel technology initiatives by the National Energy Administration, highlighting its strategic significance in promoting the comprehensive energy industry in Liaoning Province [1]. - The company aims to leverage this project to attract investment and foster the development of the hydrogen and methanol industry, establishing a demonstration base for energy industry transformation [1]. Group 4: Project Timeline and Safety - The company plans to complete the construction of the hydrogen storage station and methanol synthesis storage station foundation and underground pipelines this year, with a focus on wind power road construction [2]. - The project is scheduled to commence production by March 2027, aiming to produce the first batch of green methanol in Liaoning Province [2]. - A comprehensive safety management system will be established, adhering to the principles of "safety first, prevention-oriented, and comprehensive governance" [2].

Core Points - The Liaoning Huadian Daqingshan Wind Power Hydrogen Production Coupling Project has officially commenced construction, marking a significant step in the development of green liquid fuel technology in China [1] - The project has a total investment of 3.945 billion yuan and will include a 450 MW wind farm, a 295 MW hydrogen production and storage facility, an 80 MW energy storage station, and a 100,000 tons/year methanol synthesis plant [1] - Upon completion, the project is expected to produce 19,000 tons of green hydrogen and 100,000 tons of green methanol annually [1] Company and Industry Summary - The project is part of the first batch of national pilot projects for green liquid fuel technology, emphasizing the importance of hydrogen-based energy development [1] - Liaoning Huadian Company aims to enhance cooperation between central and local governments, focusing on the entire industrial chain of green hydrogen production, storage, transmission, and utilization [1] - The initiative is expected to support the energy structure transformation in Liaoning and contribute to the province's three-year action plan for comprehensive revitalization [1] - The project will also promote the cultivation of the hydrogen and ammonia methanol industry in Tieling, establishing a demonstration base for energy industry transformation and attracting hydrogen production equipment manufacturing enterprises [1] - The company is committed to meticulous organization, scientific management, and reasonable project scheduling to create a benchmark project in the national green fuel pilot program [1]

Core Viewpoint - Jilin Electric Power's net profit attributable to shareholders in the first half of the year was 726 million yuan, a year-on-year decrease of 33.72%, with a significant drop of 78.5% in the second quarter, primarily due to the impact of new energy [1] Financial Performance - The company's net profit for the second quarter was 102 million yuan, reflecting a substantial decline compared to the previous year [1] - If national subsidies are accelerated, the company is expected to receive a one-time cash flow that will alleviate debt pressure [1] Future Outlook - The net cash flow from fundraising for the first half of 2025 is projected to be 2.5 billion yuan, an increase of approximately 1.4 billion yuan year-on-year, mainly from the issuance of new energy REITs [1] - The company is strategically positioned to focus on "new energy+" and "green hydrogen energy" dual tracks, indicating a clear strategic direction [1] Comparative Analysis - Comparable companies in the A-share green electricity sector include Longyuan Power, Three Gorges Energy, and China Energy Conservation and Environmental Protection Group, with average PE ratios for 2025-2027 expected to be 19, 17, and 16 times respectively [1] - The company is positioned as a green hydrogen energy platform under State Power Investment Corporation, with potential to lead in the next main track of green electricity [1]