Core Viewpoint - The article highlights the completion and significance of ten major engineering projects initiated by central enterprises in China, showcasing their capabilities and contributions to national development and energy security [1][22]. Group 1: Major Engineering Projects - The Longdong-Shandong ±800 kV UHVDC project, completed on May 8, 2025, is a key energy artery for China's "West-to-East Power Transmission," with a total investment of 20.2 billion yuan and a transmission capacity of 8 million kW over a distance of 915 kilometers [3][4]. - The Hainan 500 kV main grid project, fully operational by December 15, 2025, enhances the island's energy security and supports the development of clean energy and digital economy [6]. - The Tianyi IoT platform, launched in December 2025, is the world's largest public utility smart IoT platform, supporting over 700 million users and facilitating the digital transformation of various sectors [8]. - The world's largest computing power network, launched by China Mobile in August 2025, integrates advanced technologies to support national computing power network construction and digital economy development [10]. - The world's first megawatt-level compressed CO₂ thermal energy storage pilot system was completed on September 25, 2025, showcasing advancements in energy storage technology [12]. - The first 700 MW ultra-supercritical circulating fluidized bed boiler, operational since April 17, 2025, represents a significant achievement in clean coal technology [13]. - The Boao Zero Carbon Demonstration Zone, established in March 2025, is China's first region to achieve zero carbon operation through innovative projects [15]. - The Qinling North Slope integrated protection and restoration project, completed on November 30, 2025, focuses on ecological restoration and biodiversity enhancement [18]. - The Urumqi to Yuli Expressway, opened on December 26, 2025, significantly reduces travel time and is a key project in China's transportation strategy [19]. - The first pile foundation fixed offshore photovoltaic project in Yantai, completed on May 27, 2025, is expected to generate 694 million kWh annually, contributing to carbon reduction efforts [21]. Group 2: Future Outlook - Central enterprises are expected to continue their momentum into 2026, planning and initiating more super engineering projects to drive economic development and enhance the quality of life for citizens [22].

责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新资料显示，12月29日，上海睿郡资产管理有限公司增持华能国际电力股份（00902） 613.6万股，每股作价5.7069港元，总金额约为3501.75万港元。增持后最新持股数目约为5.66亿股，最新 持股比例为12.04%。 香港联交所最新资料显示，12月29日，上海睿郡资产管理有限公司增持华能国际电力股份（00902） 613.6万股，每股作价5.7069港元，总金额约为3501.75万港元。增持后最新持股数目约为5.66亿股，最新 持股比例为12.04%。 ...

2025年最后一个周六，冬日暖阳洒在熙熙攘攘的上海广东路上。拥有30多年历史的"股市沙龙"人声鼎 沸，数百名股民聚集于此，十余人一圈的讨论组里不时传来"算力""人工智能""CPO"等关键词。 上海街头"股市沙龙"。本报记者林倩摄 上海广东路729号，曾是万国证券黄浦营业部所在地，自上世纪90年代起，每逢周末，数百名股民在此 交流心得，"股市沙龙"由此而来。现场参与者虽以中老年股民为主，但也不乏年轻面孔驻足聆听。 部分股民对中国证券报记者表示，预计2026年A股市场将迎来开门红，全年市场表现有望超越2025年， 重点关注科技板块和周期性行业。 至于哪些股票会上涨，李先生表示，每个股票都有上涨的可能，只是时间问题。 "就像太阳一样，从东 方升起，不一定照得到全部，但到了下午，西边阴暗的地方就能照到了，这需要一个过程。" 心态为先：33年老股民的生存哲学 "炒股就是靠心态，心态好一切都好。"有33年股龄的陈先生告诉中国证券报记者，他年纪大了，对炒股 没有很高的盈利要求，只是作为自己的乐趣。 回顾2025年，陈先生主要配置了军工、固态电池、算力、人工智能等赛道以及优质大盘股，全年收益较 为稳定。 对于2026年A股市 ...

Core Viewpoint - The expansion of green electricity application is a clear requirement from the Central Economic Work Conference, aimed at achieving carbon neutrality goals and enhancing industrial green competitiveness [1] Group 1: Current Status and Trends - As of October 2025, the total installed capacity of renewable energy in China is expected to reach 2.22 billion kilowatts, accounting for nearly 60% of the national total installed capacity [1] - In the first half of 2025, the national green electricity trading volume reached 154 billion kilowatt-hours, a year-on-year increase of 49.3%, indicating a rapid marketization and scaling of green electricity trading [1] - Regions like Guangdong have seen green electricity trading volumes increase by over 60% year-on-year in the first half of 2025, showcasing positive development momentum [1] Group 2: Challenges and Issues - The flexibility of the power system has shortcomings, with insufficient scale of flexible resources like pumped storage and new energy storage, leading to challenges in matching supply and demand during high output periods of renewable energy [2] - The market mechanism for green electricity needs standardization, as the relationship between electricity, certificates, and emission reduction effects requires further quantification [2] - There is structural differentiation in application scenarios and consumption motivation, with high-energy-consuming industries showing more urgent demand for green electricity compared to small and medium enterprises and public service sectors [2] Group 3: Strategic Recommendations - A coordinated planning approach should be adopted to advance large-scale development of renewable energy alongside the main grid and cross-province transmission channels, focusing on a diversified regulation system [3] - The establishment of a unified national trading platform for green electricity and certificates is essential to enhance efficiency in cross-province and cross-region electricity trading [3] - Public institutions and state-owned enterprises should lead the way in green electricity consumption by signing long-term procurement agreements, while government policies should incentivize key enterprises to join zero-carbon supply chains [4]

作为贵州省"十四五"电网收官关键工程，该工程总投资4.5亿元，新建500千伏变电站一座、线路2条。 其中，线路全长55千米，架设铁塔103基，始于铜仁西变电站，接入500千伏诗乡至碧江线，连通500千 伏诗乡、碧江变电站，途经铜仁市德江县、思南县。 自2024年11月开工以来，南方电网贵州电网公司紧盯安全、质量、进度等目标，优化工程建管模式，充 分发挥人才、管理、技术优势，不断完善施工方案，克服工程地形地貌复杂、高风险作业集中、有效工 期短等难点问题，大力推进"机械化换人、智能化减人"，保障工程安全高效建设。 转自：贵州日报 本报讯（记者 张秀云）2025年12月31日，500千伏铜仁西输变电工程正式投运，结束了铜仁西部无500 千伏变电站的历史，进一步优化贵州电网整体网架结构，提升电网消纳新能源整体能力，增强县域供电 能力，为迎峰度冬电力保供增添新保障。 工程投运后，预计可满足130万人用电需求，将增强铜仁西部地区电网运行可靠性，极大缓解用电负荷 压力，有效化解全县域大面积停电风险，为新增220千伏公用、主要用户变压器提供接入点，优化电力 资源配置效率，助力铜仁市县域经济和乌江中游城镇组群发展。 "十四五" ...

Core Insights - The report focuses on the collaborative energy transition from the demand side, emphasizing the importance of demand-side resources in ensuring power system security, enhancing energy efficiency, and promoting renewable energy consumption, using Guangdong as a case study [1][15]. Market Mechanism - The report suggests constructing a multi-dimensional market framework and a demand-side resource pool sharing mechanism to transform dispersed resources into observable, measurable, and credible trading units through digital technology [2][16]. - Guangdong has developed a dual-track operation mechanism of "dispatch-marketing," which avoids resource duplication risks through priority clearing and data transmission logic, enabling flexible market integration [2][16]. Government Governance - A three-tier governance system is proposed, categorizing responsibilities at the national, provincial, and municipal levels to ensure effective resource allocation and management [2][16]. - The report advocates for revising laws to clarify the status and rights of new entities, establishing mandatory standards to break data barriers, and enhancing the dual-track market of "electricity + capacity" in Guangdong [2][16][18]. Demand-Side Resource Development - Demand-side resources include user-side loads, energy storage, virtual power plants, and load aggregators, with significant development potential in Guangdong, expected to reach 13.35 million kilowatts by 2025, accounting for 8.1% of the province's maximum load [1][19]. - The report identifies five operational models for demand-side resource development, including direct participation in demand response and vehicle-grid interaction, while highlighting existing challenges such as visibility and market pathways [1][19]. Policy Support - The report outlines the evolution of policies supporting demand-side resource development, transitioning from administrative control to market mechanisms, and emphasizes the need for a diversified participation framework [36][37]. - It highlights the importance of new operational entities, such as virtual power plants and energy service providers, in enhancing energy efficiency and reducing carbon emissions [36][37].

截至2025年12月26日收盘，内蒙华电（600863）报收于4.79元，较上周的4.67元上涨2.57%。本周，内 蒙华电12月26日盘中最高价报4.82元。12月22日盘中最低价报4.62元。内蒙华电当前最新总市值292.4亿 元，在电力板块市值排名24/102，在两市A股市值排名664/5181。 本周关注点 内蒙古蒙电华能热电股份有限公司拟通过发行股份及支付现金方式，向北方联合电力有限责任公司购买 其所持北方上都正蓝旗新能源有限责任公司70%股权和北方多伦新能源有限责任公司75.51%股权，并募 集配套资金。公司已于2025年12月31日获得中国证监会同意注册的批复。 本次交易总价为533,615.66万元，其中正蓝旗风电70%股权作价287,166.79万元，北方多伦75.51%股权作 价246,448.86万元。公司拟向不超过35名特定投资者发行股份募集配套资金，总额不超过265,000.00万 元，用于支付现金对价、中介费用及相关税费。 公司公告汇总 内蒙华电拟通过发行股份及支付现金方式，向控股股东北方联合电力有限责任公司购买其持有的北方上 都正蓝旗新能源有限责任公司70%股权和北方多伦新能源有 ...

公司公告汇总 郴电国际全资子公司汇银国际控股的中天邦益因合同纠纷被恒龙公司起诉，诉请支付2012至2019年度管 理费及利息合计3,212.21万元。一审判决支持原告，但二审法院裁定撤销原判并驳回起诉。恒龙公司申 请再审，江苏省高级人民法院认定其构成重复起诉，裁定驳回再审申请。本次裁定结果不会对公司本期 或期后利润产生负面影响。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2025年12月26日收盘，郴电国际（600969）报收于9.72元，较上周的9.79元下跌0.72%。本周，郴 电国际12月22日盘中最高价报9.84元。12月24日盘中最低价报9.39元。郴电国际当前最新总市值37.86亿 元，在电力板块市值排名94/102，在两市A股市值排名4065/5181。 本周关注点 公司公告汇总：全资子公司涉及诉讼被驳回，不影响本期或期后利润 ...

截至2025年12月26日收盘，华电国际（600027）报收于5.25元，较上周的5.2元上涨0.96%。本周，华电国际12月23日盘中最高价报5.31元。12月22 日盘中最低价报5.17元。华电国际当前最新总市值575.94亿元，在电力板块市值排名15/102，在两市A股市值排名316/5181。 本周关注点 公司公告汇总：完成两期科技创新公司债券发行，合计30亿元，利率分别为1.87%和1.77%。 公司公告汇总 华电国际电力股份有限公司2024年年度股东大会审议通过，同意公司在2024年年度股东大会批准时起至2025年年度股东会结束时止，发行本金余 额不超过等值230亿元人民币的公司债券、可续期公司债券、可续期债权投资计划。公司已获准面向专业投资者公开发行面值总额不超过人民币 200亿元的公司债券，并完成2025年第一期和第二期科技创新公司债券的发行。第一期发行金额15亿元，期限3年，发行利率1.87%；第二期发行 金额15亿元，期限2年，发行利率1.77%。募集资金将用于偿还有息债务、补充流动资金、项目投资及运营等。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710 ...

电力项目投资建设方面，2025年EVN集团及其所属单位集中力量推进重点电源和电网工程建设， 连续第二年超额完成年度投资建设计划，投资额达125.77万亿越盾，同比增长14.7%。多项电源和电网 工程投入运行，包括和平水电站扩建项目、老街-永安500千伏输电线路，及为昆岛供电的输电线路和海 底电缆工程等一批大型重要项目。宁顺核电站1号项目政府间协议谈判取得积极进展，各方正继续就前 期准备工作进行磋商，力争于2026年启动部分工程项目建设。 电网建设方面，2025年EVN及其所属单位新开工电网项目215项，投运110千伏至500千伏电网项目 260项，新建输电线路总长度约3900公里，新增变电站容量约2.7万兆伏安。截至2025年底，越南全国实 现100%乡通电，居民用电普及率达99.85%，其中农村居民用电普及率为99.77%。 其中，可再生能源电源（风电、太阳能、生物质能等）装机容量约2.44万兆瓦，占比27.9%；燃煤 火电装机容量近2.81万兆瓦，占比32.1%；水电装机容量为2.46万兆瓦，占比28.1%。 电力生产方面，全国电力系统最高负荷（Pmax）达5.43万兆瓦，同比2增长11.1%。2025年 ...