Group 1 - China Tower Corporation and Tower Energy Co., Ltd. have applied for a patent titled "A Method, System, Electronic Device, and Storage Medium for Battery Health Evaluation," with publication number CN121276337A and application date of September 2025 [1] - The patent involves a battery health evaluation method that establishes a standardized decision matrix to eliminate dimensional differences among evaluation indicators, constructs a correlation matrix, and extracts common factors to calculate core quantitative indicators [1] - The method aims to enhance the scientific and reliable evaluation of battery health by reducing subjective influence through factor analysis and providing data support for rational configuration and refined management of batteries [1] Group 2 - China Tower Corporation was established in 2014, located in Beijing, with a registered capital of 1,760,084.7102 million RMB, and has participated in 5,000 bidding projects [2] - Tower Energy Co., Ltd. was established in 2019, also located in Beijing, with a registered capital of 500,000 million RMB, and has participated in 2,002 bidding projects [2] - China Tower Corporation holds 1,005 patents and 181 trademark registrations, while Tower Energy Co., Ltd. has 85 patents and 57 trademark registrations [2]

Core Insights - The core viewpoint of the article highlights the significant growth in electricity consumption and generation in Sichuan during the first half of the year, driven by industrial economic strength and unusual weather conditions [1] Group 1: Electricity Consumption - Sichuan's total electricity consumption reached 1250.66 billion kilowatt-hours in the first half of the year, representing a year-on-year increase of 9.3%, which is 4.3 percentage points higher than the national average [1] - The growth in electricity consumption is primarily attributed to a robust industrial economy and increased demand from the tertiary sector and residential life due to low temperatures at the beginning of the year and abnormally high temperatures in April [1] Group 2: Electricity Generation - The total electricity generation in Sichuan amounted to 1630.94 billion kilowatt-hours, with a year-on-year growth rate of 5.91% [1] - The average utilization hours for power generation in the province increased to 1655 hours, which is an increase of 69 hours compared to the previous year [1] Group 3: Power Capacity - As of the end of June, Sichuan's installed power capacity was 98.6496 million kilowatts, reflecting a growth of 0.33% since the beginning of the year [1] - The total installed capacity of the province's direct power generation units is 58.681 million kilowatts, with hydropower accounting for 71.3%, thermal power for 21.3%, wind power for 4.5%, and photovoltaic power for 2.9% [1]

南方电网碳交易机制启动当日，共形成47笔交易，总成交量5.9万吨，成交均价64.37元/吨。 此次广州市人民政府和南方电网公司共同建设穗碳云平台，开创"政府主导、企业主建"的央地联动新模 式，构建了全国首个超大城市全域电碳数据库，整合了电、气、水、油全品类能源数据，依托碳排放预 测模型，结合广州社会经济与产业特色，高精度预判全市、区域及行业碳排放趋势，赋能多元碳双控应 用场景，树立超大城市碳数字治理标杆。 南方电网碳交易机制、广州"双碳"服务平台启动上线暨电碳产业发展研讨会5日在广州举行。(南方电网 公司 供图) 南方电网公司创新将碳交易机制引入企业碳管理体系，设计"碳配额考核+碳信用引导"的运行机制，建 成以"直采直送"方式采集碳排放数据的企业碳交易机制，具有碳配额事先核发、季度与年度清缴协同、 内部碳积分结算等特征，为大型企业内部碳管理提供实践样本。 中新网广州1月6日电(王华 蓝旺)南方电网碳交易机制、广州"双碳"服务平台启动上线暨电碳产业发展研 讨会5日在广州举行。其间，南方电网公司正式启动南网碳交易机制，并与广州市人民政府携手上线广 州市碳达峰碳中和监测管理平台"穗碳云"，同步发布首个超大城市全域电 ...

未来，南方电网公司将持续深化市场机制创新，以虚拟电厂技术标准体系完善和战略地图系列项目实施为牵引，持续深耕虚拟电厂"可观、可测、可控、 可调"和"物理可信、信息可信、价值可信"实用技术，扩大虚拟电厂参与市场规模，让海量分布式资源充分激活，为清洁低碳、灵活智能的新型电力系统 建设提供坚实支撑，助力能源转型高质量发展。 首批虚拟电厂正式参与南方区域电力现货市场交易 来源：南网50Hz 2025年12月29日，南方区域电力现货市场首批发电类虚拟电厂正式入市交易。 此次入市的虚拟电厂涵盖广东深圳、佛山、中山等地共5家调度单元，聚合分布式光伏等资源总容量约33兆瓦，以"报量报价"模式参与日前、实时现货市 场优化出清。南方总调统筹完成管理制度体系建立及技术系统升级优化，经历数日的模拟出清和调电试运行后，确保虚拟电厂优化出清结果正确、价格信 号合理。 发电类虚拟电厂参与区域现货市场后，分布式光伏等分散资源从电网"被动管理对象"转变为主动响应的"市场主体"。作为南方区域现货市场的全新参与 者，虚拟电厂的入市完善了市场主体结构，构建了"源荷互动、供需协同"的市场新生态。其打通的分布式资源市场化路径更为后续负荷类虚拟电厂入市积 ...

1. Report Industry Investment Rating No information about the report industry investment rating is provided in the given content. 2. Core Viewpoints of the Report - Due to the lack of some high - frequency data during the festival, there is no forecast value for the current Guosheng fundamental high - frequency index. The long - short signal of interest - rate bonds is下调, with the signal factor at 3.1% (previous value was 3.2%) [1][9]. - In terms of production, the industrial production high - frequency index is 127.9, with a week - on - week increase of 0.1 point compared to the previous value of 127.8, and the year - on - year increase remains unchanged at 4.9 points [1][9]. - In terms of total demand, the high - frequency index of commercial housing sales is 40.5, a week - on - week decrease of 0.2 points compared to the previous value of 40.7, and the year - on - year decrease remains unchanged at 6.5 points; the high - frequency index of infrastructure investment is 121.9, a week - on - week decrease of 0.1 point compared to the previous value of 122.0, and the year - on - year increase narrows; the high - frequency index of exports is 143.7, remaining the same as the previous value, and the year - on - year increase narrows; the high - frequency index of consumption is 121.2, a week - on - week increase of 0.1 point compared to the previous value of 121.1, and the year - on - year increase remains unchanged at 3.3 points [1][9]. - In terms of prices, the month - on - month forecast of CPI is 0.0% (previous value was 0.0%); the month - on - month forecast of PPI is 0.0% (previous value was 0.1%) [1][9]. - The high - frequency inventory index is 163.8, a week - on - week increase of 0.1 point compared to the previous value of 163.7, and the year - on - year increase remains unchanged at 7.4 points [1][10]. - The high - frequency financing index is 246.5, a week - on - week increase of 0.6 points compared to the previous value of 245.9, and the year - on - year increase rises [2][10]. 3. Summary by Relevant Catalogs 3.1 Total Index: Fundamental High - Frequency Index is Stable - Based on the report "Fundamental High - Frequency Data - An Effective Tool for Bond Market Investment" published on September 5, 2023, Guosheng Securities constructed a high - frequency data system covering overall, production, demand, prices, financing, etc., and built the Guosheng fixed - income fundamental high - frequency index and its sub - indices [8]. - From December 29, 2025, to January 4, 2026, due to the lack of some high - frequency data during the festival, there is no forecast value for the current Guosheng fundamental high - frequency index. The long - short signal of interest - rate bonds is下调, with the signal factor at 3.1% (previous value was 3.2%) [1][9]. 3.2 Production: Overall Decline in Operating Rates During the Festival - The polyester operating rate is 86.0%, down from the previous value of 87.8%; the semi - tire operating rate is 69.4%, down from the previous value of 72.1%; the full - tire operating rate is 59.6%, down from the previous value of 62.0%; the PX operating rate is 88.4%, down from the previous value of 88.6%; the coal dispatch at Qinhuangdao Port is 50.6 tons, up from the previous value of 47.0 tons [17]. 3.3 Real Estate Sales: Slight Decline in Commercial Housing Transaction Area - The commercial housing transaction area in 30 large - and medium - sized cities in the current week is 390,000 square meters, down from the previous value of 420,000 square meters; the premium rate of land transactions in 100 large - and medium - sized cities is 2.1%, up from the previous value of 1.2% [30]. 3.4 Infrastructure Investment: High - Frequency Index of Infrastructure Investment Remains Stable - The high - frequency index of infrastructure investment in the current week is 121.9, down from the previous value of 122.0; the operating rate of petroleum asphalt is 27.4%, down from the previous value of 31.3% [39]. 3.5 Exports: Slight Decline in RJ/CRB Index - The high - frequency export index in the current week is 143.7, the same as the previous value; the RJ/CRB index is 299.9 points, down from the previous value of 300.6 points [46]. 3.6 Consumption: Increase in Average Daily Box Office of Movies - The average daily box office of movies is 166.12 million yuan, up from the previous value of 108.11 million yuan [58]. 3.7 CPI: Slight Increase in Pork Prices - The latest average wholesale price of pork is 17.7 yuan per kilogram, up from the previous value of 17.5 yuan per kilogram; the latest average wholesale price of 28 key - monitored vegetables is 5.6 yuan per kilogram, down from the previous value of 5.8 yuan per kilogram; the latest average wholesale price of 7 key - monitored fruits is 7.8 yuan per kilogram, the same as the previous value; the latest average wholesale price of white - striped chickens is 17.7 yuan per kilogram, down from the previous value of 17.9 yuan per kilogram [65]. 3.8 PPI: Continued Increase in Spot Price of Copper - The closing price of steam coal (produced in Shanxi) at Qinhuangdao Port is 673 yuan per ton, down from the previous value of 682 yuan per ton; the futures settlement price of Brent crude oil is 61 US dollars per barrel, down from the previous value of 62 US dollars per barrel; the spot settlement price of LME copper is 12,473 US dollars per ton, up from the previous value of 12,088 US dollars per ton; the spot settlement price of LME aluminum is 2,953 US dollars per ton, up from the previous value of 2,916 US dollars per ton [73]. 3.9 Transportation: Increase in the Number of Executed Flights - The passenger flow of the subway in first - tier cities in the current week is 38.97 million person - times, down from the previous value of 39.96 million person - times; the number of domestic executed flights is 12,548, up from the previous value of 12,353 [81]. 3.10 Inventory: Continuous Decline in Soda Ash Inventory - The soda ash inventory is 1.407 million tons, down from the previous value of 1.469 million tons [89]. 3.11 Financing: Credit Bond Financing Turns from Positive to Negative - The net financing of local government bonds in the week is 17.4 billion yuan, up from the previous value of - 3.2 billion yuan; the net financing of credit bonds is - 61.7 billion yuan, down from the previous value of 40.8 billion yuan; the 6M national - share bank acceptance bill transfer discount rate is 0.88%, down from the previous value of 0.93%; the average value of the bill rate - certificate of deposit rate is - 0.75%, down from the previous value of - 0.70% [100].

来源：新浪证券-红岸工作室 1月5日，龙源电力涨1.00%，成交额6403.87万元。两融数据显示，当日龙源电力获融资买入额510.11万 元，融资偿还459.90万元，融资净买入50.21万元。截至1月5日，龙源电力融资融券余额合计1.01亿元。 融资方面，龙源电力当日融资买入510.11万元。当前融资余额1.01亿元，占流通市值的0.13%，融资余 额超过近一年80%分位水平，处于高位。 截至9月30日，龙源电力股东户数3.42万，较上期减少16.42%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，龙源电力实现营业收入222.21亿元，同比减少15.67%；归母净利润43.93亿元，同比减 少19.76%。 分红方面，龙源电力A股上市后累计派现68.14亿元。近三年，累计派现55.82亿元。 融券方面，龙源电力1月5日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量7000.00股，融券余额10.63万元，低于近一年10%分位水平，处于低位。 资料显示，龙源电力集团股份有限公司位于北京市西城区阜成门北大街6号(c幢)20层2006室,香港铜锣湾 希 ...

证券研究报告：电力设备|点评报告 行业投资评级 行业相对指数表现（相对值） 2024-12 2025-03 2025-05 2025-08 2025-10 2025-12 -14% -7% 0% 7% 14% 21% 28% 35% 42% 49% 电力设备 沪深300 强于大市 |维持 行业基本情况 | 收盘点位 | | 10088.23 | | --- | --- | --- | | 52 | 周最高 | 10950.05 | | 52 | 周最低 | 6107.84 | 资料来源：聚源，中邮证券研究所 研究所 分析师:苏千叶 SAC 登记编号:S1340525110004 Email:suqianye@cnpsec.com 分析师:杨帅波 SAC 登记编号:S1340524070002 Email:yangshuaibo@cnpsec.com 分析师:盛炜 SAC 登记编号:S1340525120008 Email:shengwei@cnpsec.com 近期研究报告 《国家发改委修定输配电成本监审和 定价办法，我们预计明年整体进入过渡 期——适应"拍卖"机制》- 2025.12.01 电力市场化进一步 ...

Industry Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [2] Core Insights - The report highlights the establishment of a capacity compensation mechanism for power generation in Gansu Province, which compensates for reliable capacity based on contributions, impacting all industrial and commercial users [5][6] - The compensation standard is set at 330 yuan per kilowatt annually, with various factors determining the reliable capacity and compensation coefficients [6] - The report suggests that the capacity compensation will gradually transition to a market-oriented approach, with an emphasis on the pricing of renewable energy sources like solar thermal and hydropower [7] Summary by Relevant Sections Industry Overview - The closing index is at 10088.23, with a 52-week high of 10950.05 and a low of 6107.84 [2] Investment Highlights - The report discusses the need for a re-evaluation of pricing for solar thermal energy within the electricity market, indicating that current compensation mechanisms are necessary to avoid distorting pricing due to the operational costs of coal-fired power plants [6] - The compensation mechanism aims to ensure that the market operates on marginal cost pricing, allowing for optimal technology to prevail [6] Investment Recommendations - The report recommends focusing on companies like Xizi Clean Energy, as the capacity compensation mechanism is expected to enhance the reliability and pricing of various energy sources [7]

新华社萨拉热窝1月5日电（记者殷晓圣）波黑公共电力公司5日发布通报称，近日波黑多地的强降雪加 重了电网运行负担，已导致超过4万户家庭停电，相关部门正在全力抢修。 通报说，得益于在重点区域采取的预防性措施，尽管此次降雪强度较大，但当前电网故障数量和停电规 模低于此前预期。 波黑气象部门5日对多地发布降雪和道路结冰黄色预警。 责编：张荣耀、卢思宇 通报显示，波黑东北部图兹拉州受影响最重，有超过2.9万户家庭停电。图兹拉州当天早晨出现强降 雪，部分地区积雪深度达44厘米，多个社区停电并引发供水中断。电力公司和公共服务部门已派出人员 抢修，但复杂地形和通行受限导致维修难度增加。 ...

能源是国民经济的命脉，人工智能（AI）是引领科技革命的核心力量。在"双碳"目 标引领与新型能源体系建设的关键阶段，"人工智能+能源"融合创新技术持续涌现。 这场融合不仅是技术层面的叠加，更是保障能源安全、推动绿色转型、培育新质生产 力的战略抓手，彰显了我国以科技创新破解发展难题的坚定决心。 政策领航定向，为能源智能转型锚定发展坐标。 党的十八大以来，我国能源领域改革发展成就显著，但"保安全、促转型、提效率"的 三重使命依然艰巨。2 0 2 5年，我国全社会用电量预计首超1 0万亿千瓦时，风光新增 发电装机预计约3 . 7亿千瓦，风、光电力的间歇性与电网承载能力的矛盾日益凸显。 2 025年9月，国家发改委、国家能源局联合印发《关于推进"人工智能+"能源高质量 发展的实施意见》，为能源与人工智能深度融合划定"时间表"与"路线图"。 2 025年11月25日，国家能源局发布《关于组织开展"人工智能+"能源试点工作的通 知》，旨在充分发挥我国能源领域超大规模市场和丰富应用场景的优势，目标是探索 形成可复制、可推广的综合解决方案与商业模式，打造"人工智能+能源"融合发展的 新范式。 以上举措与"十五五"规划建议提出的 ...