Group 1: ETF Market Trends - Most sectors are experiencing net inflows, indicating bottom-fishing behavior, with notable inflows in the CSI 2000, STAR 50, and Dividend Index ETFs [1] - The CSI 500 ETF and ChiNext ETF have shifted from balanced inflows and outflows to net inflows, while the CSI 300 ETF saw a significant inflow on Friday that offset previous outflows, resulting in a positive weekly inflow [1] - The level of major shareholder reductions has reversed from a four-week increasing trend back to early November levels, indicating a potential stabilization in market sentiment [1] Group 2: Energy Supply and Demand - The energy supply situation in China is stable, with sufficient coal reserves and a robust electricity grid, as traditional and clean energy sources are being ramped up to meet winter demand [3] - Coal prices are expected to show a low-to-high trend by 2026, with demand being a primary drag factor, while supply-side constraints remain strong [3] - The demand for energy is anticipated to improve in the second half of the year, which may drive coal prices upward [3] Group 3: Semiconductor Equipment Market - The semiconductor equipment sector is expected to see high single-digit percentage growth in the global wafer fabrication equipment market for 2025/2026, driven by rising prices from storage manufacturers and investments from major clients like Intel [5] - The normalization of demand in the Chinese mainland market is projected to reduce uncertainties related to previous regulatory constraints [5] - The investment outlook for the semiconductor equipment industry remains positive, with expectations of continued growth [5] Group 4: Market Sentiment and Economic Outlook - The short-term market trend appears weak, with significant inflows of new capital but a lack of strong profit-making opportunities [7] - The adjustment in the ChiNext index is attributed to recent pullbacks in high-performing stocks, leading to a retreat of short-term capital [11] - The macroeconomic policy in China is expected to maintain continuity and stability, supporting resilient economic growth and a potential recovery in inflation from low levels [11]

截至2026年1月15日 10:03，上证科创板新能源指数(000692)强势上涨，成分股先惠技术上涨10.19%，厦 钨新能上涨5.64%，骄成超声上涨5.31%，高测股份，联赢激光等个股跟涨。科创新能源ETF(588830)上 涨1.23%，最新价报1.64元。 科创新能源ETF紧密跟踪上证科创板新能源指数，上证科创板新能源指数从科创板市场中选取50只市值 较大的光伏、风电以及新能源车等领域的上市公司证券作为指数样本，以反映科创板市场代表性新能源 产业上市公司证券的整体表现。 消息面上。13日下午，节能与新能源汽车产业发展部际联席会议2026年度工作会议在京召开，会议强调 提升产业链、供应链自主可控能力，实施新一轮重点产业链高质量发展行动，加强攻关布局，加快突破 全固态电池、高级别自动驾驶等技术。此外，当前头部锂电厂商陆续开启大规模的设备招投标，部分头 部设备厂反馈已陆续收到数百GWH的头部厂商订单。据不完全统计，2026年锂电新增预计扩产已突破 1TWH，大部分锂电设备厂商在2026年整体的新增订单有望创历史新高。 有机构指出，固态方面，固态电池冲刺量产，国家标准逐步完善。国外方面，芬兰公司Donut ...

KKR与莱茵集团将成立一家合资企业，负责建设和运营这两个风电场。该项目总投资开发和资本支出 将超过150亿美元，以确保风电场分别于2029年和2030年投入运营。 来源：智通财经 1月14日，美国私募股权巨头KKR与德国莱茵集团（RWE）宣布达成战略合作，将共同将共同开发莱茵 集团在英国诺福克先锋东区（Norfolk Vanguard East）和诺福克先锋西区（Norfolk Vanguard West）的海 上风电项目。这两个新建风电场总装机容量预计将达到约3吉瓦。 ...

科技股抛售美股两连阴，白银破93美元原油高台跳水。港股三大指数今日低开，恒指跌0.1%，国指跌 0.11%，恒生科技指数跌0.55%。权重科技股波动较小，百度、美团、京东涨幅在1%以内，腾讯、阿里 巴巴飘绿；昨日再度强势的AI应用概念股多数走低，风电股继续下跌，被立案调查，携程跌近3%。另 外，行业再出利好政策，自动驾驶概念股活跃，佑驾创新、浙江世宝涨幅居前，AI医疗继续活跃。(格 隆汇) ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 风电设备2026年展望： 产业链盈利有望呈现更为全面的提升 中金公司研究部风光公用环保团队 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 车昀佶 分析员 SAC 执证编号：S0080520100002 SFC执证编号：BQL481 刘佳妮 分析员 SAC 执证编号：S0080520070002 SFC执证编号：BNJ556 1 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 2 目 录 4 2 趋势二：出口加速，盈利和订单弹性有望向行业大范围拓展 1 三大趋势有望推动2026年中国风电产业链盈利呈现更为全面的提升 2026年国内、海外风电需求展望乐观 5 趋势三：国内海风蓄势待发，"十五五"具备超预期潜力 6 投资建议 3 ...

Group 1: Energy and Chemical Industry Developments - Shaanxi Energy and Chemical, transportation, and livelihood sectors have achieved key breakthroughs, injecting strong momentum into the province's economy at the start of 2026 [1] - The second phase of the Shaanxi Coal Group's Yulin Chemical 15 million tons/year coal-to-chemical project has reached several milestones, including the completion of the main traffic artery and the arrival of the first methanol synthesis low-pressure tower [1] - The project focuses on coal quality utilization technology, producing high-value-added materials, battery electrolyte solvents, biodegradable materials, and specialty oils, thereby extending the industrial chain and enhancing the value chain [1] Group 2: Renewable Energy Initiatives - Shaanxi Yanchang Petroleum's 100,000 kW wind power project has successfully connected its first unit to the grid, expected to save approximately 60,000 tons of standard coal and reduce CO2 emissions by about 170,000 tons annually [1] - The project team has innovatively used special vehicles and segmented traction solutions to transport wind turbine equipment across complex terrains [1] - Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co. has commenced a 15,000 tons/year EVA project, with construction of 5,300 sand piles completed, aiming for import substitution of key materials used in photovoltaic films and high-end footwear [1] Group 3: Infrastructure and Transportation Projects - The Qinlong Power Lintong North 10MW/7.28MWh flywheel energy storage project has successfully connected to the grid, significantly enhancing the frequency modulation performance of thermal power units [2] - The Hu-Zhou-Mei Expressway, aimed at achieving a "half-hour commute" from Xi'an to Zhou County, is in the later stages of construction, with bridge works nearly completed [2] - The completion of this project is expected to effectively divert traffic from the Jingkun Expressway south of Xi'an, alleviating long-standing congestion on the Xihan Expressway [2] Group 4: Livelihood and Industry Integration Projects - The Shaanxi Xianyang Jinli Sunshine International Agricultural Trade City project, with a total investment of nearly 2 billion yuan, has entered the debugging phase for its west area, while the east area is nearing completion [2] - This project integrates trading, processing, research and development, and cold chain logistics, playing a crucial role in ensuring regional agricultural product circulation and stabilizing market supply [2]

南宁（宾阳）立德机器人有限公司是广西首个焊接机器人生产基地。 STANDARD 1 - 1 - 1 - r 1256 . 17 per 2017 Tu trainment FN 1 GAS BEST STATES STATE FREE FREE FREE FOR THE F HARRANT PERFECT FOR COLLECT Holer V FK n 2 STORE chises F e start and - 199 r - 12 - 12 - 12 t and the and and and and _, JI 1 益海晨科（南宁）农业有限公司现代化富硒蛋鸡养殖基地一角。 the count 宾阳县全力推进以县城为载体的新型城镇化建设，宜居宜业中等城市初具规模。 and a 伊 广 lo A 10 7 MEGMEET WELDING TECHNOLOGY ▶宾阳县大陆村稻田艺术画绘就多彩田园。 宾阳县马王风电场全景。 历史的斑斓掠过宾州古城，机器人闪耀在工业园区，风机转动在崇山绿野，游客徜徉在绿水青山……宾阳县"十四五"以来的奋进画卷，每一处精彩都值得铭 记，每一处着墨都令人倍感振奋。 回望这五年，" ...

Industry News - The first kilowatt-level underwater pumped storage system "Dongchu No. 1" has successfully completed trials, marking a significant advancement in underwater energy storage technology in China [3] - China's largest desert oil field has achieved an annual oil and gas equivalent production of over 5 million tons, setting a historical record and contributing to national energy security [5] - Chinese researchers have developed a low-cost solution to address interface issues in all-solid-state lithium batteries, potentially paving the way for commercial applications [5] Company News - Hohhot Energy Investment Development Group has increased its registered capital from 100 million RMB to approximately 20.8 billion RMB, with full ownership by the Hohhot Municipal Government [6] - The National Key R&D Program for international scientific and technological innovation cooperation has approved a project led by China Energy Engineering Group, focusing on key technologies for solar thermal chemical hydrogen production [6] - Zhongmei Xinjie Energy has reported an estimated total revenue of 12.343 billion RMB for 2025, a year-on-year decrease of 3.02%, with net profit down 13.73% [7] Local News - Liaoning Province has achieved significant growth in green electricity and green certificate trading, with green electricity trading volume reaching 17.085 billion kWh, a 33.65% increase [8] - Xinjiang's new energy storage capacity has exceeded 20 million kW, ranking among the top provinces in China [8] International News - The Adriatic oil pipeline will resume oil supply to Serbia's key refinery after a nearly 100-day interruption, with an initial shipment of approximately 85,000 tons of crude oil [9] - Reliance Industries in India has halted its lithium battery production plans due to the inability to acquire Chinese technology, highlighting challenges in establishing an independent clean energy supply chain [11]

Group 1 - The core event is the 2025 "Wind Power Leader" Technology Innovation Forum and Award Ceremony held in Beijing, where Shanghai Electric Wind Power Group has participated for five consecutive years and won six awards, showcasing its comprehensive strength in high-end wind power equipment and intelligent services [1] - Shanghai Electric Wind Power's AI-based technology for health monitoring and fault diagnosis of ultra-large wind turbine blades won the Best Innovative Product Award, achieving over 95% accuracy in early anomaly detection and has been applied in multiple wind farms [4] - The EW6.25-220 platform won the Best Onshore Unit Award, demonstrating significant advantages in reliability and efficiency, particularly in low-wind-speed markets, and has previously been recognized in the "Top 50 of China's Wind Power Industry" [5][7] Group 2 - The EW12.6-270 and EW25.0-310 platforms won the Best Offshore Unit Awards, with the former designed for mid-low wind speed areas and the latter capable of withstanding extreme weather conditions, enhancing adaptability for various offshore scenarios [7] - The S68.5 blade extension and intelligent yaw system received the Best Service Product Award, significantly improving energy generation performance and operational reliability while reducing long-term maintenance costs [8][10] - Shanghai Electric aims to drive high-quality development in the renewable energy equipment industry through technological innovation, focusing on strategic emerging industries and contributing to the new energy system and carbon neutrality goals [10]

Core Viewpoint - The company, Three Gorges Energy, is actively operating multiple wind farms in Guangdong, including the Yangjiang Shapa project, which is the first offshore wind farm in China with a capacity of one million kilowatts [1] Group 1 - The Yangjiang Shapa project is highlighted as a significant milestone in China's offshore wind energy sector [1] - Other operational projects include the Yangjiang Qingzhou Phase VI offshore wind farm and the Yangshan Juzi Tang wind farm [1] - The company encourages investors to monitor its power generation performance through announcements on the Shanghai Stock Exchange, including semi-annual and annual reports [1]