以下内容转自通商荟 万帮能源2014年成立，位于江苏省常州市，是国内头部充电桩运营商星星充电的母公司。这家总部位于常州的充电桩"隐形冠军"背后，实控人是一对夫 妻。 万帮能源实控人为邵丹薇与丁锋，邵丹薇为一位"80后"女强人，曾两次登上胡润百富榜；丁锋持有的万帮汽车金之星集团，是华东地区最大的汽车经销商 集团，2024年营收就达387.41亿元，其本人2024年也以66亿身家登上胡润百富榜。 汽车经销巨头 创业11年，历经两次冲击国内上市无果后，头部充电桩企业筹划在香港上市。 丁锋出生于江苏南通，1984年，他以南邮全校第二名的高分进入无线电工程专业学习。毕业以后在南京广播电视大学工作了一年，1989年至1993年工作于 江苏电视台。 星星充电母公司万邦数字能源近日申请在港交所主板上市。再次冲击上市融资。这是万帮能源首度冲击港股IPO。2020 年，万帮数字能源与国泰君安证券 签署辅导协议拟冲刺 A 股，此后并无实质进展；2024 年 11 月，公司再度进行 A 股上市辅导备案，最终依旧铩羽而归。 此番港股 IPO，万帮数字能源的业务版图已发生根本性调整。作为星星充电的母公司，它已将旗下从事能源运营业务的九家 ...

在北京昌平未来科学城，一片被称为"能源谷"的产业高地正在蓬勃生长——这里汇聚了300余家能源企 业，年产业收入突破2500亿元，已成为北京乃至全国能源创新的"数字地标"。近日，北京商报记者走 进"能源谷"，探寻其如何在能源结构转型的大背景下，通过技术突破、生态协同与数字赋能，走出一条 高质量发展的"北京路径"。 布局能源互联网："织网"创新生态 北京商报记者走进"能源谷"的华能新能源智慧运维中心，一台中控系统便能实时呈现全国新能源电站运 行情况，从宏观全国数据到微观单个风机发电详情，一目了然。据北京华能新锐控制技术有限公司副总 经理曾凡春介绍，该公司研发运维的新能源电站集约化管理系统，不仅服务华能集团，还面向整个能源 行业及"能源谷"内其他企业。 "能源互联网通过大数据、人工智能和物联网技术，串联发电、储能、用电环节，实现资源实时优化分 配。"北京未来科学城数字电力科创中心解决方案负责人徐路宁表示，当前能源、电力企业数字化转型 需求迫切，但受技术能力、资金短缺、国外算力安全风险等因素制约，转型之路困难重重。而科创中心 具备全国产化算力基础，结合中软国际的AI工程化服务能力，可助力能源企业在发电、输电、配电、 ...

聚焦前沿技术，解读行业变革方向 近年来，随着全球能源结构加速转型，储能技术作为实现碳中和目标的关键支撑，正成为各行各业关注的焦点。而中国作为全球最大新能源市场，其在储能 领域的技术积累与产业规模已居世界前列。2026年6月18日至20日，武汉国际博览中心将迎来一场备受瞩目的行业盛会——2026武汉国际储能产业博览会。 这场为期三天的行业盛会，将汇聚全球顶尖企业、科研机构及行业专家，共同探讨储能技术的最新发展趋势与应用前景。 储能产业的核心在于技术创新。此次展会将设立多个专题展区，其中储能技术展区将成为技术交流的重头戏。从新型电池研发到智能管理系统升级，参展商 将集中展示固态电池、钠离子电池、氢燃料电池等前沿技术成果。值得关注的是，展会期间还将举办多场主题论坛，围绕"储能系统集成优化""能源互联网 构建"等议题展开深度讨论。这些技术动向不仅体现行业发展方向，也将为上下游企业提供重要的合作契机。 多元化产品矩阵，满足细分市场需求 展会的另一个亮点是电池展区的丰富布局。这里将涵盖动力电池、3C数码电池、特种电池等细分领域，全面呈现从电芯到模组的完整产业链条。例如，针 对电动汽车市场的高能量密度锂离子电池、适用于可再 ...

Core Viewpoint - The company, Guodian NARI, is positioned as a leading high-tech enterprise in China's power and industrial control sector, focusing on the development of a new energy system and enhancing grid safety through innovative technologies and research capabilities [5][6][9]. Group 1: Company Overview - Guodian NARI is recognized as a "problem solver" in the power grid industry, with a strong research team that ensures the safety and reliability of the power grid [5]. - The company has made significant advancements in smart grid technology and has transitioned from a follower to a leader in the international market through high levels of R&D investment [6]. Group 2: Technological Innovation - The company has achieved breakthroughs in key technology areas such as ultra-high voltage equipment, relay protection, and new energy integration, particularly since the start of the 14th Five-Year Plan [6][7]. - Guodian NARI has established seven specialized research teams to tackle industry challenges and advance cutting-edge technologies, emphasizing a long-term approach to research and development [7]. Group 3: New Energy System Development - The company is actively involved in the construction of a new energy system, aligning with national goals to increase the share of non-fossil energy consumption to over 30% by 2035 [8][9]. - Guodian NARI is focusing on the integration of clean energy with grid systems, addressing challenges posed by the uneven distribution of renewable energy sources [9]. Group 4: Business Growth and Market Expansion - The low-carbon energy sector of Guodian NARI has experienced rapid growth, particularly in new energy equipment and grid-friendly technologies [10]. - The company has made progress in its overseas business, particularly in ultra-high voltage direct current transmission and energy storage systems, with expectations for steady growth in revenue and profit [10]. Group 5: Future Goals - Guodian NARI aims to become a world-class leader in energy internet technology, with a strategic focus on smart grids, energy integration, and industrial interconnectivity [10]. - The company plans to optimize its business layout and achieve sustainable development through innovation-driven strategies [10].

Core Viewpoint - The market sentiment is improving, with the electric grid equipment sector continuing its rebound, highlighted by the performance of the only electric grid equipment ETF (159326), which rose over 1.68% on November 25, with a daily trading volume of 210 million yuan [1] Group 1: ETF Performance - The electric grid equipment ETF (159326) has a solid long-term investment logic, attracting significant capital inflow, with over 1.6 billion yuan raised in the last 20 trading days, bringing its total size to 1.866 billion yuan, making it the largest electric grid equipment ETF in the market [1] - The ETF tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [1] Group 2: Industry Demand and Growth - There is a pressing need for grid upgrades in Europe and the U.S., as indicated by the American Society of Civil Engineers (ASCE), which reports that 70% of transformers have exceeded their 25-year design life, and transmission lines have an average lifespan of 40 years [1] - A report from China Merchants Securities highlights that the demand for overseas grid upgrades supports performance elasticity, with a year-on-year increase of 37.8% in cumulative exports of electrical equipment in October, driven by new power system construction policies and the power demand from AI data centers [1] - The industry is transitioning from traditional equipment to an "energy internet," with high growth potential in segments such as ultra-high voltage, smart distribution, and energy storage converters [1] Group 3: ETF Composition - The ETF has a high weight of 64% in ultra-high voltage components, the highest in the market, and includes leading companies such as State Grid NARI, TBEA, Sifang Electric, and Trina Solar among its top ten holdings [1]

Core Viewpoint - Yuanli Holdings (01933) expects to report revenue between RMB 120 million and RMB 130 million for the six months ending September 30, 2025, a decrease from approximately RMB 180 million for the same period last year [1] Financial Performance - The company anticipates a shareholder loss of approximately RMB 66 million to RMB 71 million for the reporting period, compared to a loss of about RMB 14 million in the same period last year [1] - The decline in revenue and increase in shareholder loss are primarily attributed to a reduction in the number of projects and longer payment cycles being managed [1] Strategic Adjustments - To enhance cash flow management, the company has reduced projects with longer payment cycles [1] - The increase in shareholder loss is also due to intensified market competition, leading the company to adjust pricing on new projects to secure long-term clients, as well as an increase in impairment losses [1] Future Outlook - Despite the reported shareholder loss, the company maintains a stable business operation and the board is optimistic about future financial performance [1] - The company will continue to focus on technology product development and talent cultivation to enhance competitiveness in technology and products, aiming to seize opportunities in China's energy internet and new infrastructure sectors to create greater value for shareholders [1]

Core Viewpoint - Yuanli Holdings (01933.HK) expects to report revenue between RMB 120 million and RMB 130 million for the six months ending September 30, 2025, a decrease from RMB 180 million in the same period last year, alongside an anticipated shareholder loss of approximately RMB 66 million to RMB 71 million, compared to a loss of RMB 14 million in the previous year [1] Group 1 - The decline in revenue is primarily attributed to a reduction in the number of projects undertaken, as the company has shortened the payment cycle for cash flow management [1] - The increase in shareholder loss is due to intensified market competition, leading the company to adjust project pricing to secure long-term clients, as well as an increase in impairment losses [1] - Despite the reported losses, the company maintains robust business operations and the board expresses an optimistic outlook for future fiscal performance [1] Group 2 - The company plans to continue focusing on technology product development and talent cultivation to enhance its competitive edge in technology and products [1] - Yuanli Holdings aims to seize opportunities in the energy internet and new infrastructure sectors in mainland China to create greater value for shareholders [1]

内容概况：能源路由器（ER）作为智能电网与分布式能源系统的核心设备，已成为全球能源互联网建 设的关键基础设施。在中国，随着"十四五"能源规划明确提出构建以新能源为主体的新型电力系统，能 源路由器被列为优先发展领域。2024年，中国能源路由器（ER）行业市场规模约为82.36亿元，同比增 长5.43%。未来，随着电力电子技术、储能技术及AI算法的突破，能源路由器将进一步实现广域能源网 络互联、多能互补优化，成为构建新型电力系统的核心基础设施。 相关上市企业：特变电工（600089）、东软载波（300183）、林洋能源（601222） 相关企业：紫金矿业集团股份有限公司、洛阳栾川钼业集团股份有限公司、中国铝业股份有限公司、山 东南山铝业股份有限公司、中国联塑集团控股有限公司、浙江大东南集团、杭州士兰微电子股份有限公 司、斯达半导股份有限公司、三安光电股份有限公司、华润微电子有限公司、特变电工股份有限公司、 国电南瑞科技股份有限公司、兆易创新科技集团股份有限公司、澜起科技股份有限公司、国家电网有限 公司、中国南方电网有限责任公司 关键词：能源路由器（ER）、能源路由器（ER）市场规模、能源路由器（ER）行业现状、能 ...

Industry Overview - Combined Cooling, Heating and Power (CCHP) is an integrated energy system that utilizes a single fuel source to simultaneously generate electricity, heating, and cooling, achieving higher overall energy efficiency [1][2] - The CCHP market in China is projected to reach approximately 6.824 billion RMB in 2024, with a year-on-year growth of 9.34%, driven by government commitments to carbon peak and neutrality goals, as well as supportive policies [1][6] Market Dynamics - The growth of the CCHP industry is significantly supported by the Chinese government's policies, including the classification of CCHP as an encouraged project in the Industrial Structure Adjustment Guidance Catalog [1][6] - Cities like Beijing and Shanghai provide subsidies of 0.25 RMB per kilowatt-hour for CCHP projects, effectively reducing the economic burden on these projects [1][6] Industry Chain - The upstream of the CCHP industry includes power generation equipment such as gas turbines and micro gas turbines, as well as heat recovery devices and control systems [5] - The midstream involves system integration and engineering services, while the downstream applications are found in industrial parks, commercial complexes, hospitals, data centers, and residential buildings [5] Key Companies - New Hope Energy focuses on micro/small gas turbines and has achieved comprehensive efficiency exceeding 90% in projects like Changsha Huanghua Airport [7][8] - Lianmei Quantum emphasizes distributed CCHP using natural gas, integrating gas internal combustion engines with heat recovery systems [7][8] Development Trends - The integration of CCHP with smart microgrids is becoming a key path for energy transition, enhancing system flexibility and reliability through optimized energy allocation [9] - Regional integrated comprehensive energy services are emerging as a significant development direction, improving energy efficiency and reducing costs [10] - Cost reduction through technological breakthroughs and large-scale applications is a critical goal, with expectations for lower construction and operational costs [11][12]

Core Insights - State Grid Electric Power Research Institute (NARI Group) achieved recognition for 16 technological innovations, which are deemed internationally leading [1][3] Group 1: Event Overview - The appraisal meeting was held simultaneously in Nanjing and Beijing, attended by over 140 experts from various sectors including academia, power generation, and design institutes [3] - The meeting focused on innovations in power system automation, renewable energy integration, energy storage, smart distribution, and digital platforms [3] Group 2: Company Statements - NARI Group's Chairman, Zheng Zongqiang, emphasized the importance of the meeting in responding to the strategic deployment of the State Grid Corporation and highlighted the challenges faced in the new power system [3] - Zheng expressed the need to explore advancements in power electronics and AI technologies to support the development of a new power system [3] - Xu Haiqing, Deputy Director of the State Grid Corporation's Science and Technology Department, noted the enhanced strategic positioning of NARI Group and the expectation for continued innovation [3] Group 3: Achievements and Future Plans - NARI Group has established a comprehensive innovation framework and formed seven dedicated research teams to tackle long-term challenges [4] - The company has received 123 provincial and ministerial-level science and technology awards and has filed 197 new invention patents this year [4] - Future plans include focusing on core technologies in the energy internet sector and supporting the goal of achieving 3.6 billion kilowatts of green installed capacity by 2035 [5] Group 4: Technological Innovations - The 16 innovations presented include technologies for oscillation suppression in power systems, emergency control for high-proportion renewable energy grids, and advanced protection technologies for transformers [6] - Other notable innovations involve AI-enabled flexible interaction technologies for high-penetration renewable energy areas and integrated hydrogen production technologies [6]