Core Viewpoint - Yunnan Energy Investment (002053.SZ) has been selected as the preferred developer for the Yongning Wind Farm (Phase V) and Yongsan Wind Farm (Phase III), securing project development rights for both projects, which have a total installed capacity of 82.8 MW [1] Group 1 - The company received notification of selection for the Yongning Wind Farm (Phase V) and Yongsan Wind Farm (Phase III) construction projects [1] - The total installed capacity of the projects is expected to be 82.8 MW, which will enhance the company's position in the renewable energy sector [1] - This development aligns with national and Yunnan provincial energy development strategies, promoting green energy construction and contributing to local economic and social development [1]

公司于 2025 年 7 月 11 日经2025 年第二次临时股东会审议通过了《关于本次重大资产置换及支付现金 购买资产暨关联交易方案的议案》等相关议案。本次重大资产重组置入宁夏电投新能源有限公司（以下 简称"电投新能源"）100%股权，属于同一控制企业合并，公司需按照同一控制下企业合并的相关规定 对上年同期数据进行追溯调整。报告期内营业收入较上年同期（重组前）大幅增加，主要由于电投新能 源并表，以及公司光伏发电装机容量增加，上网电量提升所致。报告期内利润总额、归属于上市公司股 东的净利润、基本每股收益扭亏为盈，主要原因：一是重大资产重组置出亏损的轴承业务，同时置入具 有广阔市场前景和较强盈利能力的新能源发电业务；二是轴承板块处置老厂区房产及土地确认资产处置 利得。报告期内扣非后净利润为负，主要原因系将新能源板块2025 年 1-6 月净损益及轴承板块老厂区 房产土地处置利得列入非经常性损益所导致。 格隆汇1月28日丨*ST宝实(000595.SZ)公布，预计2025年归属于上市公司股东的净利润6,900.00万元 ~9,000.00万元，同比扭亏为盈，扣除非经常性损益后的净利润-9,100.00万元~-6, ...

云南能投公告，公司控股股东云南省能源集团有限公司为云南省2025年第二批新能源项目马龙区新屯光 伏发电项目的中标人。根据云南能源集团决定，由公司在项目所在地组建的项目公司执行上述光伏项目 的开发任务。项目场址位于云南省曲靖市马龙区王家庄镇新屯村西部的山坡地带，预计项目总装机容量 30MW，工程建设总工期6个月。项目不新建升压站，拟与马龙区色甲光伏发电项目共同接入通泉风电 场扩建项目升压站，打造成为公司在该区域的风光互补项目。 ...

Group 1 - The company *ST Baoshi (000595.SZ) expects a net profit attributable to shareholders of 69 million to 90 million yuan for 2025, indicating a turnaround from losses in the previous year [1] - The company's operating revenue is projected to be between 650 million and 680 million yuan for 2025 [1] - The company reported a significant increase in operating revenue due to the consolidation of Ningxia Electric Investment New Energy Co., Ltd. and an increase in photovoltaic power generation capacity [2] Group 2 - The net profit attributable to shareholders and basic earnings per share turned positive mainly due to the disposal of the loss-making bearing business and the acquisition of a profitable new energy generation business [2] - The negative net profit after deducting non-recurring gains and losses is primarily due to the inclusion of the new energy segment's losses and gains from the disposal of old factory properties in the bearing segment as non-recurring items [2]

Core Viewpoint - The recent collective termination of public REITs applications is significantly influenced by the decline in underlying asset valuations, marking a critical shift in the regulatory landscape and market dynamics [1][10][12]. Group 1: Termination of REITs Applications - On January 23, 2026, both the Shanghai and Shenzhen Stock Exchanges announced the termination or withdrawal of five public infrastructure REITs applications, marking the first instance of such a collective termination since the pilot program began [2]. - The terminated projects include various types of underlying assets such as rental housing, industrial parks, logistics, new energy, and water treatment, all structured as "public funds + infrastructure asset-backed securities" [5][6]. - The termination is attributed to the new regulatory guidelines effective December 31, 2025, which stipulate that applications not responding to feedback within a specified timeframe will be automatically terminated [10]. Group 2: Underlying Asset Challenges - The underlying assets of the terminated REITs face structural challenges that hinder compliance with regulatory requirements, such as the need for stable cash flows and operational stability [11][12]. - For instance, the rental housing REIT faced issues related to compliance verification and operational stability, leading to a lack of response to inquiries for over a year [5][11]. - The logistics REIT encountered declining rental prices and high tenant concentration, complicating its ability to demonstrate operational stability [12]. Group 3: Market Dynamics and Regulatory Changes - The public REITs market has grown significantly, with over 78 products launched and a cumulative financing scale exceeding 210 billion yuan, positioning it as the largest in Asia and the second largest globally [15]. - However, the market is now transitioning from a focus on quantity of issuance to an emphasis on the quality of underlying assets and the stability of cash flows [3][15]. - The decline in asset valuations, particularly in the real estate sector, has led to increased reluctance among original equity holders to proceed with applications, as they may not find the valuations acceptable [13][16]. Group 4: Future Outlook - The termination of these applications is viewed as a necessary phase for the high-quality development of public REITs, with expectations that the market will optimize and enhance resilience amid ongoing challenges [17]. - The introduction of commercial real estate REITs, which do not require approval from the National Development and Reform Commission, is anticipated to accelerate the approval process and improve market conditions [16][17].

格隆汇1月28日｜宁夏国运新能源公告称，预计2025年营收6.5-6.8亿元，上年同期（重组前）为2.37亿 元；归属于上市公司股东的净利润6900-9000万元，上年同期（重组前）亏损1.67亿元，实现扭亏为 盈；扣非后净利润-9100至-6400万元。业绩变动因重大资产重组置入电投新能源100%股权，置出亏损轴 承业务；光伏发电装机容量增加，上网电量提升；轴承板块处置老厂区房产及土地确认资产处置利得。 公司股票曾于2025年4月29日被实施退市风险警示，若2025年度出现规定情形之一，股票将存在终止上 市风险。 ...

Core Viewpoint - Yunnan Energy Investment announced projected new energy generation figures for October, November, and December 2025, indicating mixed growth trends compared to the same period last year [1] Group 1: New Energy Generation Projections - The projected new energy generation for October 2025 is 1.988 billion kilowatt-hours, representing a year-on-year increase of 10.63% [1] - The projected new energy generation for November 2025 is 2.111 billion kilowatt-hours, showing a year-on-year decrease of 9.82% [1] - The projected new energy generation for December 2025 is 3.108 billion kilowatt-hours, reflecting a year-on-year decrease of 20.59% [1]

记者：宿传义 杜刚 顾煜 新华社音视频部制作 【纠错】 【责任编辑:胡蓉】 利用充沛的风力资源，新疆在戈壁荒漠上建起一片片"白色森林"，实现驭风化电，变害为宝。 2025年，新疆电网新增新能源装机6067万千瓦，其中风电约占一半，达到3007万千瓦，同比增长56%。 新疆电网累计新能源装机规模达到1.61亿千瓦，其中风电7704万千瓦，光伏8410万千瓦。 ...

云南能投（002053.SZ）1月28日在投资者互动平台表示，2025年10月、11月、12月公司新能源发电量分 别为1.988亿千瓦时、2.111亿千瓦时、3.108亿千瓦时。对比去年同期分别增长10.63%、减少9.82%、减 少20.59%。 每经AI快讯，有投资者在投资者互动平台提问：请问2025年10月，11月，12月发电量分别是多少？对 比去年是否仍同比下降？ （文章来源：每日经济新闻） ...

2025年，风光累计装机历史性超过火电，截至12月底已超出约3亿千瓦。近四年风光新增装机规模连续 突破1亿、2亿、3亿、4亿千瓦关口。其中，2025年新增4.3亿千瓦。 我国风光累计并网装机首次超过18亿千瓦，达到18.4亿千瓦，相当于约82个三峡电站的总装机，占比达 到47.3%。 1月28日，国家能源局发布2025年全国电力统计数据。 截至2025年底，全国累计发电装机容量38.9亿千瓦，同比增长16.1%。其中，太阳能发电装机容量12.0 亿千瓦，同比增长35.4%；风电装机容量6.4亿千瓦，同比增长22.9%。 ...