证券简称：上海电力 证券代码：600021 编号：临2026-008 上海电力股份有限公司2026年度 第三期超短期融资券发行结果公告 上海电力股份有限公司于2026年2月3日发行了2026年度第三期超短期融资券，现将发行结果公告如下： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 ■ 本期超短期融资券通过簿记建档集中配售的方式在全国银行间债券市场公开发行，募集资金主要用于偿 还到期债券。 本公司的关联方国家电投集团财务有限公司参与本期债务融资工具认购，最终获配金额为3亿元。 特此公告。 上海电力股份有限公司董事会 近日，上海电力股份有限公司董事会收到公司副总经理、总会计师谢晶先生提交的辞职书，由于工作调 动，谢晶先生申请辞去公司副总经理、总会计师职务。 一、提前离任的基本情况 ■ 二、离任对公司的影响 根据相关法律法规及《公司章程》等规定，谢晶先生的辞职书自送达董事会之日起生效，其离任不会影 响公司正常的经营发展。谢晶先生不存在未履行完毕的公开承诺，与公司董事会无任何意见分歧，且无 有关辞任的任何其他事项须提请公司股东注意 ...

中国技术和服务"组团出海"的态势也愈发明显。1月4日，深南电A全资子公司中标柬埔寨国公省 2×450MW燃机联合循环电站运维服务项目，中标总金额达2.08亿美元。1月29日，双方已正式签署首份 合同，合同预计金额1.04亿美元。 （上接1版） 公告显示，该服务周期覆盖建设阶段（预计2026年至2027年）前期服务及后续商业运营阶段涵盖机组两 个大修周期（预计2028年至2042年）的运维服务，体现出公司从设备出口向全生命周期服务输出的升 级。 以华东重机为例，公司近期成功中标印度阿达尼（Adani）集团的港口装卸设备项目，以及国内几个智 能化港口装卸设备项目，合计收获约12.5亿元订单。公司直言，本次中标及合同的签署有助于进一步提 高公司在境内外智能化港口装卸设备的市场占有率，提升公司高端装备业务的核心竞争力和公司持续经 营能力。 此外，联合水务作为牵头人组成的联合体，在1月还成功中标沙特国家水务公司长达15年的市政污水处 理长期运维项目，彰显出公司具备参与国际竞争并交付复杂项目的综合实力，也是公司"立足国内市 场、积极开拓国际市场"发展战略落地的又一重大成果。 安靠智电在海外市场也接连取得突破。公司1月中旬 ...

Core Insights - A-share listed companies are accelerating their industrial capital layout by establishing or participating in industrial investment funds, focusing on emerging sectors such as artificial intelligence, high-end equipment, smart energy, and new-generation information technology [1][5] Group 1: Investment Announcements - Jiangsu Fengshan Group announced an investment of 15 million yuan to acquire a 29.99% stake in a venture capital partnership, with a total fund size of 50.01 million yuan, primarily targeting information technology [1] - ZTE Corporation plans to invest 117 million yuan for a 39% stake in a fund with a total size of 300 million yuan, focusing on new-generation information technology, new energy, artificial intelligence, and advanced manufacturing [2] - Suwen Electric Power Technology's subsidiary intends to invest 5 million yuan in a fund with a total size of 68.5 million yuan, focusing on smart detection services, high-end equipment, robotics, and smart energy [3] - Fujian Torch Electronics announced a commitment of 200 million yuan for a 40% stake in a fund targeting new materials, new energy, military industry, electronic components, and high-end equipment manufacturing [4] Group 2: Industry Trends and Expert Opinions - The trend of A-share companies establishing industrial funds is characterized by a focus on sectors like artificial intelligence, robotics, high-end equipment, and smart energy, aligning with national innovation-driven development strategies [5] - The investment model is noted for its stability and flexibility, with most companies participating as limited partners and using their own funds, minimizing financial pressure on daily operations [5] - The ongoing strategic emerging industry policies, including tax incentives and special loans, are driving the acceleration of industrial capital layout among listed companies [5] - The establishment of these funds is still in the preparatory stage, with many not yet registered or having formal agreements, indicating uncertainty in future investment rhythms [6]

Core Viewpoint - Inner Mongolia Huadian, a listed company under China Huaneng, successfully completed a private placement raising 2.65 billion yuan at a price of 4.94 yuan per share, attracting over 15.1 billion yuan in subscriptions, indicating strong institutional interest in the company's asset quality and transformation prospects [2][5]. Group 1: Fundraising Details - The private placement had a subscription multiple of over 5.72 times, with 44 institutional investors participating, including notable entities like UBS AG and China National Investment Fund [5][6]. - The four successful subscription entities were: - China Everbright Financial Asset Investment Co., Ltd. (30 million yuan) - Hubei Cultural Tourism Capital Holdings Co., Ltd. (10 million yuan) - CCB Financial Asset Investment Co., Ltd. (100 million yuan) - Shandong High-speed (Shenzhen) Investment Co., Ltd. (1.25 billion yuan) [6]. Group 2: Asset Acquisition and Strategic Importance - The fundraising is part of a strategy to acquire high-quality wind power assets with a total installed capacity of 1.6 million kilowatts from Northern Power, enhancing the company's renewable energy portfolio [5][8]. - Following the acquisition, the company's total installed capacity is expected to reach approximately 5.5 million kilowatts, with the proportion of renewable energy increasing by 8 percentage points to over 23% [8][10]. Group 3: Financial and Operational Implications - The newly acquired wind power assets are anticipated to provide stable cash flow and enhance the company's resilience against coal price fluctuations, thereby improving operational stability [10]. - The company has committed to a cash dividend policy of no less than 70% from 2025 to 2027, reflecting a focus on shareholder returns [10].

大安吉电绿氢能源有限公司，成立于2021年，位于白城市，是一家以从事化学原料和化学制品制造业为 主的企业。企业注册资本128300万人民币。通过天眼查大数据分析，大安吉电绿氢能源有限公司参与招 投标项目669次，专利信息75条，此外企业还拥有行政许可272个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，通达电磁能股份有限公司取得一项名为"一种耐张线夹异常检测方法、装 置、设备及存储介质"的专利，授权公告号CN120876471B，申请日期为2025年9月。 天眼查资料显示，通达电磁能股份有限公司，成立于2018年，位于长沙市，是一家以从事电力、热力生 产和供应业为主的企业。企业注册资本100000万人民币。通过天眼查大数据分析，通达电磁能股份有限 公司共对外投资了1家企业，参与招投标项目97次，财产线索方面有商标信息3条，专利信息64条，此外 企业还拥有行政许可12个。 吉林电力股份有限公司，成立于1997年，位于长春市，是一家以从事电力、热力生产和供应业为主的企 业。企业注册资本362727.0626万人民币。通过天眼 ...

2026年1月25日，加蓬政府正式验收位于尼扬加省的梅永巴燃气电站一期工程（装机容量8.5兆 瓦）。该项目是总统重点推动的能源主权项目，投资约170亿中非法郎，旨在解决南部地区长期电力短 缺问题。电站使用天然气发电，未来可扩容至50兆瓦。 （原标题：加蓬政府正式验收梅永巴燃气电站一期工程） ...

Core Insights - The Cuban government has announced an annual investment plan totaling 1.74 trillion pesos to address urgent economic and social development needs [1] Group 1: Investment Allocation - 67% of the funds will be focused on three priority areas: food production, industrial revitalization, and the reconstruction of the electricity system [1] - 95% of the investment will be directed towards ongoing projects aimed at enhancing the self-sufficiency of strategic industries [1] Group 2: Strategic Projects - The plan includes modernization of the Antillana steel plant in collaboration with Russia, expansion of cement production capacity, and various agricultural, forestry, tobacco, and livestock projects [1] - New photovoltaic power plants and maintenance of thermal power plants are also part of the investment strategy [1] Group 3: Infrastructure and Social Welfare - The investment will cover housing, water management, tourism, and other infrastructure and social welfare areas, with plans to construct over 9,000 state-owned housing units and renovate 38 tourism hotels [1] - Upgrades to the national water supply system and support for the production of essential medicines and biotechnology research are also included [1]

2026.02. 04 本文字数：1788，阅读时长大约3分钟 作者 | 第一财经 郭霁莹 在全球能源加速转型的当下，电力系统安全问题凸显。 在中国石油集团经济技术研究院（下称"中石油经研院"）日前主办的《2025年国内外油气行业发展报告》《全球能源安全报告（2025）》发布会上， 中石油经研院首席专家刘佳表示，全球能源安全的焦点正逐渐从"高碳能源"向"低碳能源"转移，当前化石能源安全相对可控，但电力系统安全风险却愈 加凸显。 针对全球能源安全重心再平衡现状，刘佳建议，全球能源发展应坚持安全为本，推动各类能源协同发展；塑造稳定营商环境，加大能源等领域投资力 度，夯实能源安全基础。同时关注电力平衡、电网安全等薄弱环节，完善化石能源与电力市场的联动机制，加快建设高标准电力基础设施，借助数智化 技术全面提升能源系统效率，切实提升现代能源可及性。 中国能源安全态势向好 值得关注的是，在全球能源安全态势整体下降背景下，中国能源安全态势全面向好，能源行业呈现"供应保障有力、绿色转型加速、系统协同增强"的特 征。 全球能源安全焦点转移 据《全球能源安全报告（2025）》，2025年全球化石能源供应量同比增长1.9%，需求量 ...

Investment Rating - The report maintains a "Recommendation" rating for the environmental and public utility sector [2] Core Insights - The environmental and public utility sectors experienced declines, with the environmental index down 2.78% and the public utility index down 1.66%, indicating a larger drop compared to the overall market [6] - The report highlights the establishment of a reliable capacity compensation mechanism for power generation, which aims to ensure fair compensation based on reliable capacity without differentiating between unit types [10] - The report suggests focusing on investment opportunities in the power sector, particularly recommending undervalued companies such as Anhui Energy and Huaneng International, while also highlighting long-term prospects for China Resources Power and other firms [6] Summary by Sections Key Event Interpretations - The National Development and Reform Commission and the National Energy Administration issued a notice to improve the capacity price mechanism, proposing a reliable capacity compensation mechanism based on reliable capacity as a standard [10] - The State Administration of Energy Management encourages the exploration of carbon asset trading and virtual power plants, promoting energy-saving renovations in public institutions [14] Weekly Market Review - Both the environmental and public utility sectors saw declines, with the environmental sector up 5.94% year-to-date, outperforming the CSI 300 and ChiNext indices [15] - The report notes specific stock performances within the environmental and power sectors, highlighting both top gainers and losers [23][26][27] Key Industry Data Tracking - As of January 30, 2026, the price of Qinhuangdao 5500 kcal thermal coal remained stable at 695 CNY/ton, while the price of Indonesian thermal coal at Guangzhou Port was 515 CNY/ton [29] - The report tracks water levels and storage in key reservoirs, noting changes in inflow and outflow rates [31] - LNG prices increased, with the import price at 12.10 CNY/million BTU and domestic ex-factory price at 4045 CNY/ton [42] Industry Key Events - The report outlines significant events in the power market, including various regulatory updates and proposals for long-term market implementation [56][58] - It also discusses developments in the dual-carbon market, emphasizing the promotion of carbon neutrality in large-scale events and the management of fixed asset investment projects [60] Upcoming Events Reminder - The report lists important upcoming announcements from companies in the environmental and power sectors, including stock circulation and equity incentive plans [61]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints The report analyzes the current economic situation from the perspectives of production, demand, CPI, and PPI. It points out that there are seasonal fluctuations in production, low - base effects affect the real - estate market, and there are price changes in various commodities due to multiple factors such as supply - demand relationships, policies, and geopolitical events [5]. 3. Summary by Directory 3.1 Economic Growth: Low - base Supports the Real - estate Market's Year - on - Year and Month - on - Month Increase 3.1.1 Production: Seasonal Decline in Power Plant Daily Consumption - Power plant daily consumption shows a seasonal decline. On February 3, the average daily consumption of 6 major power - generating groups was 81.4 million tons, a 5.7% decrease from January 27. On January 30, the daily consumption of power plants in eight southern provinces was 222.0 million tons, a 7.5% decrease from January 22. With the approaching of the Spring Festival and rising temperatures, power plant daily consumption may further decline [5][12]. - The blast furnace operating rate remains at a high level. On January 30, the national blast furnace operating rate was 79.0%, a 0.4 - percentage - point increase from January 23, while the capacity utilization rate was 85.5%, a 0.1 - percentage - point decrease. The blast furnace operating rate of Tangshan steel mills was 89.8% on January 30, a 0.9 - percentage - point decrease from January 23. Due to the Spring Festival, demand is almost stagnant, but steel mills' production remains relatively high, leading to accelerated inventory accumulation [16]. - The tire operating rate remains stable. On January 29, the operating rate of all - steel truck tires was 62.4%, a 0.2 - percentage - point decrease from January 22, and the operating rate of semi - steel car tires was 74.8%, a 0.3 - percentage - point increase from January 22. The operating rate of looms in the Jiangsu and Zhejiang regions has a seasonal decline. On January 29, the operating rate of polyester filament in the Jiangsu and Zhejiang regions was 84.2%, a 2.5 - percentage - point decrease from January 22, and the operating rate of downstream looms was 42.4%, an 8.8 - percentage - point decrease from January 22 [18]. 3.1.2 Demand: Low - base Supports the Real - estate Market's Year - on - Year and Month - on - Month Increase - The sales volume of new homes in 30 cities has a passive increase due to the low - base effect. From February 1 - 3, the average daily sales area of commercial housing in 30 large and medium - sized cities was 18.7 million square meters, an 181.0% increase from the same period in January, a 1615.3% increase from the same period in February last year, a 32.1% decrease from the same period in February 2024, and a 42.6% decrease from the same period in February 2023. Sales areas in first - tier, second - tier, and third - tier cities increased by 4474.6%, 1028.3%, and 2830.0% year - on - year respectively [23]. - The auto market is weakening. In January, retail sales decreased by 28% year - on - year, and wholesale sales decreased by 35% year - on - year. The change in the auto trade - in policy has affected consumers' purchasing willingness [27]. - Steel prices are fluctuating weakly. On February 3, the prices of rebar, wire rod, hot - rolled coil, and cold - rolled coil decreased by 0.9%, increased by 1.1%, decreased by 0.6%, and decreased by 0.3% respectively compared with January 27. Steel inventory is accumulating more slowly than in previous years [33]. - Cement prices are hitting new lows. On February 3, the national cement price index decreased by 0.8% compared with January 27. Cement demand is weak in different regions due to weather and other factors, but the year - on - year decline in prices is narrowing [34]. - Glass prices remain stable. On February 3, the active glass futures contract price was 1073 yuan/ton, the same as on January 27. The month - on - month decline in glass prices has occurred, and the year - on - year decline is narrowing [39]. - The decline in container shipping freight rate indices has further expanded. On January 30, the CCFI index decreased by 2.7% compared with January 23, and the SCFI index decreased by 9.7%. Due to the long holiday in Asian countries during the Spring Festival and reduced expected shipments before the Spring Festival, there is an oversupply of shipping capacity in the short - term, and freight rates are under pressure [42]. 3.2 Inflation: Intensified Fluctuations in Industrial Product Prices 3.2.1 CPI: Pork Prices Turn Downward - Pork prices turn downward. On February 3, the average wholesale price of pork was 18.6 yuan/kg, a 0.5% decrease from January 27. Although it is the pre - festival stocking peak, the short - term support from consumption is limited, and the supply pressure is still large [49]. - The agricultural product price index is fluctuating. On February 3, the agricultural product wholesale price index decreased by 0.3% compared with January 27. Different agricultural products have different price trends. Since February, the agricultural product wholesale price index has increased year - on - year and month - on - month [53]. 3.2.2 PPI: Oil Prices Rise and Then Fall - Oil prices rise and then fall. On February 3, the spot prices of Brent and WTI crude oil were 69.9 and 63.2 US dollars/barrel respectively, a 0.5% and 1.3% increase from January 27. Geopolitical factors have led to significant fluctuations in international oil prices, and short - term volatility will continue [57]. - Copper prices rise while aluminum prices fall. On February 3, the prices of LME 3 - month copper and aluminum increased by 2.5% and decreased by 2.0% respectively compared with January 27. The domestic commodity index has a month - on - month decline [64]. - Industrial product prices have different month - on - month trends. Since February, the prices of wire rod, coking coal, coke, and steam coal have increased month - on - month, while other industrial products have decreased, with rebar and cement having relatively large declines. The year - on - year decline in most industrial product prices is narrowing [68].