Core Viewpoint - Changyuan Power (000966) emphasizes its commitment to a compensation management system that aligns with company performance and sustainable development, adhering to regulatory requirements [1] Group 1: Compensation Management - The company implements a salary management system that matches total wage expenses and employee salary growth with economic performance [1] - Annual performance is linked to the company's yearly operational results, ensuring that compensation reflects business success [1] - Specific details regarding employee compensation for the year 2025 will be disclosed in the company's designated media through the "2025 Annual Report" [1]

Core Insights - The European electricity market is experiencing unprecedented "negative pricing" due to a surge in renewable energy output overwhelming grid capacity, highlighting structural imbalances in supply and demand as well as lagging infrastructure [1] Group 1: Market Dynamics - In 2025, Germany recorded 573 hours of negative pricing, a significant increase of 25% from the previous year, while Spain, which first experienced negative pricing in 2024, saw its negative pricing periods double in 2025 [1] - The rapid growth of renewable energy generation is colliding with stagnant electricity demand and ongoing grid bottlenecks, leading to a situation where excess power cannot be absorbed by demand [1][2] Group 2: Infrastructure Challenges - The expansion of renewable energy is outpacing the necessary upgrades to the electricity grid and the construction of battery storage facilities, resulting in a mismatch that hampers the grid's ability to respond to variable weather conditions [2] - The reliance on fossil fuels for backup support during periods of low renewable output contributes to extreme market volatility, characterized by frequent negative pricing during oversupply and sharp price spikes during shortages [2] Group 3: Trading Opportunities - The normalization of negative pricing, while pressuring renewable energy developers' revenues, is creating new profit opportunities for traders who are increasingly betting on battery storage [3] - Traders are adopting strategies to buy electricity when prices fall below zero and sell during scarcity, capitalizing on the price volatility driven by weather-dependent renewable energy supply [3] Group 4: Future Outlook - Market expectations indicate that the current imbalance is unlikely to be resolved in the short term, with price differentials potentially persisting into 2026 [4] - Efforts to promote further renewable energy development will face the reality of slowly recovering electricity demand, which may lead to increased use of natural gas and coal to meet additional load requirements, complicating market pricing mechanisms [4]

来源：蓝鲸新闻 （图片来源：视觉中 国） 2025年，在政策松绑与收益诉求的双重驱动下，保险资金在权益市场表现活跃，表现之一即是举牌频次 的提升，全年举牌次数攀升至39次，创下2016年以来新高。 从投资标的来看，银行股成为险资布局"压舱石"，其低估值与高股息特征契合保险资金的稳健偏好；公 用事业板块也因稳定的现金流和防御属性备受青睐。 随着监管部门持续引导"长期资本"入市，险资正通过增配权益资产寻求收益弹性，未来有望进一步成为 资本市场的重要稳定力量。 政策松绑与收益诉求共振，险资举牌次数攀升至十年新高 近两年，在政策推动"长期资本"入市的背景下，险企布局权益市场规模持续提升，2024年，险企举牌次 数增至20次，2025年，该数据则进一步攀升，接近翻倍。 蓝鲸新闻记者统计，从具体的举牌情况来看，2025年参与举牌的险企中，平安人寿最为活跃，全年共计 举牌12次，其中，仅8月，就完成3度举牌，分别增持邮储银行H股（1658.HK）到15%，增持中国太保H 股（2601.HK）、中国人寿H股（2628.HK）至触举牌线。 除平安人寿外，长城人寿亦延续去年的举牌积极性，2025年进行4次举牌；弘康人寿进行四次举 ...

Core Viewpoint - The article emphasizes the importance of electricity in building a strong energy nation, highlighting the need for a comprehensive strategy that prioritizes electricity to support economic and social development [2][3]. Group 1: Development Position of Electricity in Energy Nation - High-quality development of electricity lays a solid foundation for building a strong energy nation, with significant achievements since the 18th National Congress, effectively meeting the growing electricity needs of the population [4]. - National electricity consumption is expected to exceed 10 trillion kilowatt-hours by 2025, with installed capacity reaching 3.79 billion kilowatts, surpassing the total of G7 countries [4]. - The electricity supply system has diversified, with a clean energy supply structure formed by coal, gas, nuclear, and renewable energy sources, and the "West-East Power Transmission" capacity reaching 340 million kilowatts [4]. Group 2: New Power System as a Key Pathway - The new power system is essential for building a strong energy nation, with a clear trend towards electrification in energy production and consumption, where electricity accounts for about 50% of primary energy consumption [5]. - By 2060, it is anticipated that non-fossil energy consumption will exceed 80%, with electricity's share of primary energy consumption reaching around 80% [5]. - The new power system will enhance energy self-sufficiency and facilitate global energy governance, aligning with the goals of building a strong energy nation [5]. Group 3: Promoting Electricity First - The electricity sector has maintained a high investment growth rate, which is crucial for adapting to complex changes in the development environment and supporting the construction of a strong energy nation [6]. - There is a need to proactively plan major projects that represent new electricity production capabilities and accelerate the development of emerging industries in the electricity sector [6]. - Internationally, efforts should be made to promote the mutual recognition of China's renewable energy green power certificates and enhance the competitiveness of export-oriented industries in green development [6]. Group 4: New Responsibilities of Electricity in Energy Nation Construction - The focus is on building a new power system by 2030, enhancing electricity security, and ensuring a robust supply of clean electricity from both non-fossil and traditional energy sources [7]. - The construction of a new grid platform that integrates main and distributed microgrids will enhance the intelligent scheduling capabilities of the grid [8]. - The development of renewable energy bases and the promotion of new energy technologies are essential for achieving annual increases of over 200 million kilowatts in renewable energy generation capacity [8]. Group 5: Enhancing International Influence - The establishment of a unified national electricity market and the improvement of market-based pricing mechanisms are crucial for stabilizing electricity prices and encouraging investment [9]. - Efforts should be made to enhance the international recognition of China's green electricity certification standards and to expand overseas investments in green electricity projects [9]. - The article calls for the development of a comprehensive overseas electricity service system to meet the green development needs of countries involved in the Belt and Road Initiative [9].

南方财经1月5日电，杰瑞股份(002353.SZ)公告称，公司全资子公司杰瑞中东公司与杰瑞股份副总裁李 伟斌共同投资，于阿联酋迪拜成立控股子公司，开展小型模块化反应堆SMR相关业务。该控股子公司 注册资本1000万阿联酋迪拉姆（约合1907.10万元人民币）。SMR作为新一代能源技术，具有模块化、 安全性高、选址灵活等特点，可与公司现有发电业务形成协同，并充分发挥公司在模块化设备领域的成 熟经验，进一步增强公司在电力领域构建更具竞争力的整体解决方案能力。 ...

南财智讯1月5日电，云南能投公告，2026年1月4日公司董事会2026年第一次临时会议审议通过相关议 案。公司拟使用额度不超过0.50亿元的暂时闲置募集资金进行现金管理，投资于安全性高、流动性好、 满足保本要求、期限不超过12个月的产品，包括但不限于结构性存款、大额存单、定期存款等。使用期 限自2026年1月4日至2026年12月31日，资金在额度范围内可滚动使用。本次现金管理不会影响募集资金 投资项目进度和公司正常生产经营。 ...

上海电力公告称，经董事会2025年第十二次临时会议审议通过，拟与中电国际签订境外资产管理服务协 议，为其境外资产提供"投建营一体化"全面管理。服务范围含境外公司及境内北京绿动未来企业管理有 限公司，境外资产装机约982.75万千瓦。服务期限自2026年1月1日至2028年12月31日，上海电力服务费 用暂估6543万元/年，另两家公司暂估1.6亿元/年，共约2.25亿元/年。中电国际为公司控股股东子公司， 交易构成关联交易，不涉及资产股权交易，不构成重大资产重组。 ...

Core Viewpoint - The "14th Five-Year Plan" period is crucial for China's energy structure green transformation, and Qianyuan Electric Power aims to innovate and excel during this significant five years, contributing to the development of clean energy in Guizhou and building a world-class low-carbon energy enterprise [1][3]. Group 1: Innovation and Development - The company is committed to implementing the new energy security strategy and "dual carbon" goals, focusing on technological breakthroughs and independent innovation in areas such as unit maintenance, energy supply, and safety production [3][13]. - A group of dedicated individuals has emerged, showcasing their commitment through practical efforts in unit transformation, intelligent supervision, and youth development [3][13]. Group 2: Youth Empowerment and Technical Advancement - The youth technical team emphasizes the importance of not letting technology be controlled by others, leading to significant improvements in maintenance and operational efficiency through standardized work guidelines and a "competition + tackling" model [6][15]. - The team has successfully trained five technical backbones and achieved nine independent repairs and 24 observations, highlighting the youth's role as a backbone of independent technology [6][15]. Group 3: Practical Training and Safety Measures - The 4th unit transformation project is set to start in the fall of 2025, with the operations department director transforming the site into a "training classroom" to enhance learning through hands-on experience [9][18]. - The company has deployed an intelligent safety supervision platform, covering key operational areas with high-definition smart cameras that can automatically identify safety violations, achieving over 4000 days of safety production records [11][20].

据悉，"十五五"时期国信扬州电厂三期扩建项目将实现投产，预计新增年发电量100亿千万时。下一 步，扬州海事将继续坚持民生物资运输全过程智慧监管、强化恶劣天气防范应对，打造"安全、绿色、 高效"水上运输通道，同时全力提升民生物资水路运输保通保畅以及精准服务水平，为地方经济社会安 全稳定运行、人民群众用电安全提供持续稳定的服务保障。 校对盛媛媛 扬子晚报网1月5日讯(通讯员王绪旺记者成沫)记者从扬州海事部门获悉，2025年，长江扬州段靠泊各类 电煤运输内外贸船128航次，接卸煤炭量达到603.4万吨，发电量超120亿千瓦时。扬州海事聚焦民生物 资水上运输保障，精准发力，多措并举力保到港电煤船舶安全、高效、绿色作业，为地方能源供应稳定 提供有力支撑。 为保障电煤水上运输安全高效绿色，扬州海事局协调码头、船舶代理各方，持续优化电煤运输保障机 制，保证电厂电煤储备量、码头泊位调度情况、船舶靠离等信息实时共享；针对今年扬州各类天气情 况，提前告知船舶并提醒其密切关注，电煤内外贸船舶靠离码头保证全程动态维护，保障安全；畅通电 煤水路运输绿色通道，协调船舶进出口岸优先审批、船舶靠离泊优先维护等服务，减少船舶在港等待时 间，提 ...

邀请函 全球领先的多边经贸合作盛会——第15届阿联酋国际投资峰会，将于2026年4月13—15日在迪拜 世界贸易中心举行。本届峰会由阿联酋外贸部、迪拜商会、AIM 全球基金会联合主办，主题为 ——重塑全球繁荣：开启投资新路径，迈向可持续与包容的未来。 为进一步推动中国与阿联酋在能源领域，特别是油气、可再生能源、电力、能源转型等方面的投 资与合作，中国能源报、AIM全球基金会将于第15届阿联酋国际投资峰会期间，联合主办中阿能 源项目交流对接会，打造能源领域集政策沟通、项目合作、技术交流与资本对接的高端实效对话 合作平台。 第15届阿联酋国际投资峰会暨中阿能源项目交流对接会新闻发布会拟定于2026年1月27日下午， 在北京·人民日报社·新媒体大厦举行。 诚邀全球新能源企业500强、中国能源企业500强及国家/地方专精特新企业出席本次新闻发布会， 齐聚产业核心力量与创新活力，共谱中阿合作新篇章。 发布会流程 第15届阿联酋国际投资峰会暨中阿能源项目交流对接会新闻发布会 主题：技术赋能・资本聚力 新闻发布环节 15:15-15:35 第15届阿联酋国际投资峰会暨中阿能源项目交流对接会介绍 互动问答 15:35-15: ...