大金重工 20260122 摘要 大金重工预计 2025 年净利润显著增长，主要得益于海外海上风电项目 交付量和金额的快速增长，以及产品建造标准提高带来的附加值提升， 系统化服务如运输和本地化安装也进一步提升了项目价值。 全球海上风电累计发电量已达 84.4GW，未来规划新增大量固定式和浮 式项目，但现有规划可能无法满足包括 AI 数据中心在内的新兴用电需求， 谷歌在丹麦的数据中心耗电量巨大，需要大量海上风电支持。 英国第七轮 CFD 结果远超市场预期，政府大幅提高预算，显示出对海上 风电发展的积极态度，并调整了过去的反补贴政策，固定式和浮式基础 设施的补贴价格均大幅提高，刺激了开发商的投资积极性。 大金重工积极布局欧洲市场，与莱茵能源、JAR-BP 合资公司、道达尔等 主要业主保持紧密合作，并自 2024 年以来布局欧洲码头服务，包括波 罗的海奥登塞码头以及德国库克斯芬码头，以支持其欧洲市场的发展。 库克斯芬码头是德国唯一规划为海上风电母港的码头，大金重工锁定该 码头资源，意味着在德国所有海上风电项目中处于第一梯队，这种合作 基于对整个海上风电发展的推动，达成了长期合作协议。 2025 年业绩显著增长的主要 ...

Market Overview - The A-share market showed mixed performance on January 19, with the Shanghai Composite Index rising by 0.29% to close at 4114.00 points, while the Shenzhen Component Index increased by 0.09%. However, the ChiNext Index fell by 0.70% [1] - The total trading volume in the A-share market reached 2.73 trillion yuan, with 3526 stocks rising across the market [1] Index Performance - Shanghai Composite Index: 4114.00, up 12.09 points, 0.29% increase, trading volume of 1.19 trillion yuan [2] - Shenzhen Component Index: 14294.05, up 12.97 points, 0.09% increase, trading volume of 1.52 trillion yuan [2] - ChiNext Index: 3337.61, down 23.41 points, 0.70% decrease, trading volume of 709.2 billion yuan [2] - The overall A-share index (Wande All A) rose by 0.41% to 6798.66, with a trading volume of 2.73 trillion yuan [2] Sector Highlights - The electric power equipment sector was notably active, with several stocks such as Double Jet Electric, Yinen Power, and China West Electric hitting the daily limit [2] - The State Grid announced a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan, representing a 40% increase compared to the previous plan, focusing on the construction of a new power system [3] - The demand for electricity equipment is expected to rise due to the increasing global AI data center electricity consumption, providing multiple supports for the sector [3] Gold Sector Performance - The gold sector experienced a collective surge, with stocks like Zhaojin Gold and Sichuan Gold hitting the daily limit. International gold and silver prices reached historical highs, with gold surpassing 4690 USD per ounce and silver exceeding 94 USD per ounce [3] - Domestic gold jewelry brands are also reporting prices at historical highs [3] Other Sector Movements - The oil and petrochemical, aerospace, and ice and snow tourism sectors saw significant gains, while sectors such as semiconductors, internet, cultural media, and AI experienced declines [4]

2026年1月19日，电网设备板块反复活跃。截至9:42，电网设备主题指数强势上涨5.98%，成分股电科院 涨超12%，大连电瓷、双杰电气、汉缆股份、华明装备、积成电子、宏盛华源均涨停。 多家机构认为，国家电网4万亿投资计划夯实了"十五五"期间行业稳健增长预期，特高压、电网智能 化、出海三大主线确定性较强，同时受益于新能源消纳、AI数据中心用电需求等多重催化，行业整体 处于高景气周期。 相关产品方面，天弘中证电网设备主题指数(A类：025832，C类：025833)紧密跟踪电网设备主题指 数，中证电网设备主题指数选取80只业务涉及特高压产业、智能电网建设等领域的上市公司证券作为指 数样本，反映电网设备主题上市公司证券的整体表现。如果想分享AI算力发展的红利，天弘中证电网 设备值得关注。 感兴趣的小伙伴，上支付宝、天天基金、京东金融等渠道搜索：天弘中证电网设备主题指数（A类： 025832，C类：025833），即可了解详情。 风险提示：观点仅供参考，不构成投资建议，市场有风险，投资需谨慎。投资者在购买基金前应仔细阅 读基金招募说明书与基金合同，请根据自身投资目的、投资期限、投资经验等因素充分考虑自身的风险 承 ...