证券日报网讯1月26日，吉电股份（000875）在互动平台回答投资者提问时表示，公司目前聚焦"新能源 +"和绿色氢基能源双赛道，将始终关注前沿技术的应用。 ...

北京商报讯（记者 王蔓蕾）证监会官网显示，近日，深圳硕日新能科技股份有限公司（以下简称"硕日 新能"）启动上市辅导，辅导机构为中信建投证券股份有限公司。 公开资料显示，硕日新能专注于能源控制、能源转换、能源存储、能源数字化四大核心技术体系，打造 高效的家庭光储、离网供电、房车配电及太阳能路灯等解决方案，为全球用户提供安全、智能、可持续 的能源体验， 构建全方位能源解决方案。 据上市辅导备案报告，硕日新能成立于2009年6月30日，注册资本3061.22万元，法定代表人为陈勇。股 权关系方面，公司控股股东为陈勇，其直接持有公司30.09%股权。 ...

Core Viewpoint - Yunnan Energy Investment Co., Ltd. (referred to as "Yunnan Nengtou") expects a significant decline in net profit for the fiscal year 2025, projecting a range of CNY 230 million to CNY 270 million, representing a decrease of 60.00% to 65.93% compared to the previous year [1] Financial Performance - The company's total revenue for 2025 is not disclosed, but the net profit attributable to shareholders is expected to drop by 60.00% to 65.93% from CNY 675 million in 2024 to CNY 230 million to CNY 270 million in 2025 [2] - The non-recurring net profit is projected to be between CNY 204 million and CNY 244 million, reflecting a decline of 63.04% to 69.10% compared to CNY 660 million in 2024 [2] - The decline in profit is primarily attributed to the new energy sector facing a 12.01% reduction in power generation due to a "small wind year," alongside falling electricity prices and rising fixed costs [2] - The salt industry segment is also impacted by a downturn in the downstream soda ash industry, leading to a decrease in industrial salt prices and narrowing profit margins [2] Asset and Liability Structure - As of September 30, 2025, total assets decreased by 18.19% to CNY 153.37 billion compared to CNY 187.48 billion at the end of 2024, mainly due to the exclusion of a natural gas company from the consolidated financial statements [3] - Total liabilities decreased by 24.30%, resulting in a reduction of the debt-to-asset ratio from 54.96% to 50.85%, indicating reduced financial pressure [3] - The net cash flow from operating activities for the first three quarters was CNY 1.228 billion, benefiting from increased subsidies for renewable energy electricity price additions [3] Industry Context - The performance of Yunnan Nengtou reflects the cyclical characteristics of the new energy industry, which, despite maintaining installed capacity growth in 2025, faces challenges such as regional supply-demand imbalances, extreme weather impacts, and price volatility [4] - Companies focusing on core resources, enhancing operational precision, and developing new business models like energy storage are better positioned to strengthen their foundations in this evolving landscape [4] - Yunnan Nengtou's major shareholder, Yunnan Provincial Energy Group Co., Ltd., has 41 outstanding bonds with a total scale of CNY 61.2 billion, while Yunnan Nengtou itself has no outstanding bonds [4] - In July 2025, New Century Rating assigned Yunnan Nengtou a credit rating of AAA with a "stable" outlook [4]

格隆汇1月26日丨多氟多(002407.SZ)公布，预计2025年归属于上市公司股东的净利润20,000万元–28,000 万元，同比扭亏为盈，扣除非经常性损益后的净利润10,500万元–15,500万元，同比扭亏为盈。预告期 内，公司经营业绩扭亏为盈，受益于新能源汽车及储能市场需求的快速增长，公司六氟磷酸锂、新能源 电池等主要产品销量同比大幅提升，带动毛利实现显著增长。与此同时，公司坚守契约精神，按约定执 行部分长期协议中的低价订单，对本期盈利水平造成一定影响。 ...

拓日新能公告称，公司股票连续两个交易日（2026年1月23日和26日）收盘价格涨幅偏离值累计超 20%，属异常波动。经核查，公司前期披露信息无更正或补充，未发现媒体报道重大未公开信息，生产 经营正常，控股股东及实控人无应披露未披露重大事项，异常波动期间也无买卖公司股票情形。公司预 计4月23日披露2025年年报，提醒投资者以指定媒体信息为准，理性投资。 ...

Group 1 - The signing of 45 key projects in Zhuhai High-tech Zone represents a strong commitment to attracting investment and aims to achieve a robust economic start in the first quarter of 2026, with a total investment exceeding 10 billion yuan and expected output value nearing 13 billion yuan [1][4] - The projects exhibit three distinct characteristics: high quality, optimal structure, and strong focus, aligning with the main industry directions of the high-tech zone, including compound semiconductors, new generation information technology, high-end equipment manufacturing, and new energy [2][4] - The signing event is seen as a recognition of the favorable development environment in the high-tech zone and marks a new starting point for promoting high-quality development [2][3] Group 2 - The high-tech zone is committed to providing comprehensive services to create an optimal business environment, with positive feedback from companies regarding the efficiency of the investment service team and the smooth transition from project initiation to implementation [3] - Companies like Jingtai Optics and Sanshi Garden Technology have expressed confidence in expanding their operations in the high-tech zone, citing strong support in areas such as site assurance and financial connections [3] - The event included promotional activities to introduce housing policies and services aimed at helping enterprises efficiently connect with resources and policies [3]

Group 1 - The Guangdong Provincial Government is focusing on enhancing human investment and social welfare to support high-quality development during the 14th Five-Year Plan period [7][8][14] - Key initiatives include implementing employment strategies, expanding educational resources, and improving healthcare services to address aging population challenges [10][11][12][14] - The government aims to strengthen the social security network and increase coverage for flexible employment and migrant workers [13][14] Group 2 - The Guangdong Provincial Government plans to build a modern industrial system centered on advanced manufacturing, optimizing traditional industries while fostering emerging sectors like new energy and biotechnology [16][17][18] - By 2025, the province's industrial revenue is expected to exceed 19 trillion yuan, with advanced manufacturing and high-tech manufacturing accounting for over 50% and 30% of industrial output, respectively [23][24] - The government is committed to enhancing the safety of industrial supply chains and promoting digital transformation among enterprises [26][27] Group 3 - The Guangdong Provincial Government is prioritizing agricultural modernization and the development of agricultural industry clusters, aiming to strengthen the province's agricultural capabilities [60][67] - Significant achievements include the collection of 368,000 agricultural genetic resources and the development of 30 new rice varieties, representing 23.4% of the national total [62][63] - The government plans to establish 10 trillion-yuan-level and 20 hundred-billion-yuan-level agricultural industry clusters by 2027 [68] Group 4 - The Guangdong Provincial Government is enhancing foreign trade quality and stability, with a target of 9.49 trillion yuan in foreign trade by 2025, reflecting a 4.4% growth [83][84] - The strategy includes diversifying markets and supporting enterprises in expanding their international presence, particularly in emerging markets [89][90] - The government aims to cultivate export industry clusters in electronics, light industry, and artificial intelligence, among others [91][92]

转自：智通财经 【三维通信：共同投资设立合伙企业 投资于智能制造、航空航天、新能源等高新技术行业的非上市股 权】智通财经1月26日电，三维通信(002115.SZ)公告称，公司与杭州九智投资管理有限公司等共5位合 伙人签署合伙协议，共同投资杭州渠智股权投资合伙企业（有限合伙），公司作为有限合伙人认缴出资 2,500万元。合伙基金可投资于智能制造、航空航天、新能源等高新技术行业的非上市股权，并可以通 过投资或受让资产管理产品份额或合伙企业的有限合伙份额间接投资非上市股权标的。 ...

智通财经APP获悉，香港联交所最新资料显示，1月16日，上海宁泉资产管理有限公司增持新天绿色能 源(00956)83.2万股，每股作价3.81港元，总金额约为316.99万港元。增持后最新持股数目约为1.94亿 股，最新持股比例为9.02%。 ...

Report Industry Investment Rating No relevant information provided. Core View of the Report - For China, the energy strategy is to clean up traditional energy and shift the development focus to non-fossil energy. It is recommended to overweight industries related to non-fossil energy substitution in China, such as non-ferrous metals and rare earths, and wait for the opportunity of coal's bottom - rebound [1]. - For the US, the energy strategy is to prioritize traditional energy and restrict the development of new energy. It is advisable to be cautiously bearish on crude oil and consider buying on dips to obtain geopolitical conflict premiums [1]. Summary by Relevant Content China's Energy Strategy Traditional Energy - **Coal**: In 2026, coal demand will peak and production will continue to decline, with a structural adjustment of the coal industry. The domestic coal consumption will remain at the peak of 4.8 - 5 billion tons during 2026 and the "14th Five - Year Plan" period. The state will control the scale of new coal - fired power plants, promote the upgrading and transformation of coal - fired power, and develop new coal chemical industry to improve coal utilization efficiency. The coal production growth rate may turn negative in 2026, and production will be concentrated in resource - rich areas [5][8]. - **Petroleum**: To reduce the dependence on oil imports (73.2% in 2025), China will encourage oil exploration and development in 2026, open up the market access for oil and gas exploration, and utilize deep - sea, deep - layer and unconventional oil and gas resources. The "14th Five - Year Plan" will continue to guide the exit of backward production capacity in the petrochemical industry to solve the over - capacity problem [10][11]. New Energy - China has introduced a series of fiscal policies to support new energy development, including tax incentives, subsidies, special funds, and financing support. With the support of the "14th Five - Year Plan", the substitution of new energy for fossil energy is sustainable. The key is to develop energy storage facilities to solve the intermittency and volatility of new energy power generation [12][14]. US Energy Strategy Traditional Energy - **Coal**: The US energy strategy prioritizes traditional energy, with a focus on expanding domestic development. The demand for coal for power generation may increase significantly due to the growth of data centers' power demand. The US government has strong policy support for the coal industry, including providing more mining land, tax incentives, etc. [18][19][23]. - **Petroleum**: The US has set a high production increase target for oil. Although shale oil production is expected to be stable in 2026, traditional oil production will continue to increase slightly. The overall oil price is expected to fluctuate widely between $50 - 60 per barrel in 2026 if geopolitical risks subside [23][24]. Restriction on New Energy and Electric Vehicles - The US restricts the development of electric vehicles and non - fossil energy. The cancellation of electric vehicle subsidies may reduce the demand and penetration rate of electric vehicles, increasing the demand for gasoline and coal - fired power. The "Great and Beautiful Act" and other policies also limit the development of non - fossil energy [26][29]. Analysis of Sino - US Energy Strategy Differences - **Objective Conditions**: The differences in Sino - US energy strategies mainly come from resource endowments. China aims for non - fossil energy substitution to achieve green development and carbon peak goals, while the US tends to increase production of fossil energy [30]. - **Import - Export Structure**: China is highly dependent on imported oil and gas, while the US is a major energy exporter. China will reduce its dependence on imported traditional energy, and the US will develop domestic oil resources [30]. - **Use of Traditional Fossil Energy**: In China, coal is used for power generation, coal chemical industry and steelmaking, while in the US, 90% of coal is used for power generation and export [32]. - **Power Grid Infrastructure**: China's power grid is state - led and unified, with advanced energy storage technology to support non - fossil energy substitution. The US power grid is market - driven, which amplifies the problems of non - fossil energy power generation [32][33]. Investment Recommendations - **Coking Coal Futures**: The transformation of coal chemical industry is expected to relieve the pressure of over - capacity of coking coal. The price is expected to bottom out in 2026Q4 - 2027. Pay attention to coking coal 202610 [34]. - **Crude Oil Futures**: The pattern of oversupply of oil may continue in 2026. With the decline of geopolitical risks, it is advisable to buy on dips [34]. - **Non - ferrous Metals ETF**: Non - ferrous metals are expected to continue to rise in 2026 due to the dual benefits of financial and industrial attributes. The Fed's expected interest rate cut and the demand from the "14th Five - Year Plan" for clean energy and power grid construction support the upward trend [35]. - **Rare Earth ETF**: Rare earths have strategic and industrial attributes, playing an important role in trade negotiations and new energy industries. It is recommended to maintain a certain degree of attention and allocation [35].