（文章来源：证券日报） 证券日报网讯 8月12日晚间，融发核电发布公告称，本次解除限售股份的数量为32，100，347股，占公 司总股本的1.54%。本次解除限售股份的上市流通日期：2025年8月15日。 ...

融发核电（002366）8月13日公告，32,100,347股限售股将于8月15日上市流通，占公司总股本1.54%。 这些股份原由烟台市台海集团股份有限公司持有，经司法划转至拉萨经济技术开发区祥隆投资有限公 司。公司曾经历重大资产重组、多次股本变动及重整程序。本次申请解除股份限售的股东已履行锁定期 承诺，且拉萨祥隆不存在占用公司资金及公司对其违规担保情况。此次限售股上市后，公司限售条件流 通股占比降至39.62%，无限售条件流通股占比升至60.38%。按规定，拉萨祥隆过户登记后六个月内不 得减持。 ...

Group 1 - Iridium is extremely rare, with an abundance of only 0.001 ppm in the Earth's crust, leading to high mining costs and a global annual production of less than 3 tons, which is only 0.02% of gold production [1] - The combination of iridium with titanium creates a revolutionary iridium-coated titanium mesh material, enhancing the value of ordinary titanium mesh by 5-8 times in the recycling market [1] Group 2 - The iridium-coated titanium mesh is experiencing widespread application in the renewable energy sector, improving hydrogen production efficiency by over 30% and reducing energy consumption by 25% [3] - In the chlor-alkali industry, the corrosion resistance of iridium-coated titanium mesh anodes is two orders of magnitude better than traditional platinum-ruthenium alloys, with a lifespan extending beyond 8 years [3] - In fuel cell technology, the material shows a proton conductivity of 0.3 S/cm, five times better than graphite bipolar plates, and reduces contact resistance to below 5 mΩ·cm² [3] Group 3 - The iridium-coated titanium mesh performs excellently in extreme industrial environments, with a corrosion rate of less than 0.01 mm/a in 120°C, 30% concentrated sulfuric acid, and maintaining structural stability in temperature ranges from -120°C to 800°C [5] - The material has been successfully applied in high-end fields such as nuclear power cooling systems and semiconductor etching equipment [5] Group 4 - The global market for iridium-coated titanium mesh has surpassed $1.2 billion, with a compound annual growth rate of 18%, and is expected to exceed $4.5 billion by 2030 due to the hydrogen economy strategy [6] - The recycling system enhances its economic value, with 15-20 grams of iridium content recoverable per kilogram of waste iridium-coated titanium mesh, achieving a 98% recovery rate through hydrometallurgical techniques [6] Group 5 - The material revolution driven by iridium-coated titanium mesh is creating new economic value and promoting technological upgrades across multiple industries, from deep-sea hydrogen production platforms to oxygen generation systems in space [8] - Future applications in quantum computing and biosensing are emerging as breakthroughs in nanocoating technology expand the potential of this material [8]

Core Insights - The total investment in key energy projects in China for the first half of the year exceeded 1.5 trillion yuan, marking a year-on-year increase of 21.6% [1] - Investment in renewable energy generation continues to grow rapidly, with significant increases in onshore wind and solar power investments [1] - Private enterprises are showing a notable increase in investment within the energy sector, particularly in distributed solar and onshore wind projects [1] Investment Growth - Investment in key energy projects reached over 1.5 trillion yuan, with growth rates exceeding 20% across eastern, central, and western regions [1] - New energy investment is increasingly focused on green and innovative projects [1] Renewable Energy Investment - Onshore wind investment in Guangxi and Xinjiang doubled compared to the same period last year [1] - Centralized solar power investment grew by 24.5%, while distributed solar power investment surged by over 70% [1] - Investment in solar thermal power nearly doubled year-on-year [1] Power Supply Investment - Investments in coal and nuclear power sectors maintained rapid growth, with key coal power projects in East China, Central China, and Western Inner Mongolia being completed [1] - Investments in power grids and pumped storage also showed steady growth [1] Emerging Energy Investments - Investment in hydrogen energy projects doubled, with multiple green hydrogen projects in Jilin accelerating [1] - Investment in charging and swapping infrastructure increased by nearly 70% [1] - New energy storage and integrated source-grid-load-storage projects saw investment growth exceeding 30% [1] Private Sector Investment - Private enterprises' investment in the energy sector grew by 27.8% year-on-year [1] - Investments in distributed solar and onshore wind projects by private companies increased by over 40% [1] - Investment in charging and swapping infrastructure and centralized solar projects by private enterprises grew by approximately 15% [1]

Group 1: Company Performance - TianShun Wind Energy expects a net profit of 520 million to 600 million yuan for the first half of the year, representing a year-on-year increase of 104.72% to 136.22% [1] - Jiejia Weichuang anticipates a net profit of 736 million to 812 million yuan for the first half of the year, with a year-on-year growth of 45% to 60% [2] - China Nuclear Power reported a cumulative operational power generation of 100.827 billion kWh by the end of June, a year-on-year increase of 5.83% [3] - Pinggao Electric expects a net profit of approximately 332 million yuan for the first half of the year, reflecting a year-on-year growth of around 185% [4] Group 2: Industry Trends - The offshore wind power sector is experiencing rapid growth, with TianShun Wind Energy achieving breakthroughs in offshore wind foundation business and increasing delivery volumes [1] - The market for TOPCon battery planning capacity has exceeded 600 GW, with Jiejia Weichuang benefiting from strong demand and successful equipment deliveries [2] - China Nuclear Power is adopting a dual-drive strategy of nuclear and renewable energy, aiming to increase installed capacity significantly by the end of the "14th Five-Year Plan" [3] - The demand for UHV (Ultra High Voltage) construction is rising due to the growth of wind and solar industries, benefiting companies like Pinggao Electric [4]

在业绩说明会上，中国广核财务总监兼董秘尹恩刚向投资者介绍，上半年公司实现营业总收入392.76亿 元，同比增长7.25%；实现归母净利润69.59亿元，同比增长17.91%。 据介绍，上半年中国广核上网电量达1059.18亿千瓦时，较2022年同期上升14.09%，等效减少标煤消耗 约3175万吨，减排二氧化碳约8728万吨。 "我们眼前的六个'水泥罐'就是反应堆厂房，堆芯就在反应堆厂房里面。阳江核电（中国广核分公司） 的基地共有6台百万千瓦级核电机组，已经成为全国重要的能源基地。" 在日前中国广核举行的2023年中期业绩说明会的参观环节，《证券日报》记者站在广东阳江核电基地的 观景平台上，听阳江核电副总经理杨剑兵介绍阳江核电基地的整体情况。 上网电量同比上升约14% 此外，在迎峰度夏期间，公司防城港核电站3号机组保持安全稳定运行，源源不断为周边地区提供清洁 电力；防城港核电站4号机组目前正按计划进行调试，预计将于2024年上半年投运发电。 今年7月底，国务院常务会新核准6台核电机组，其中包括中国广核所属宁德核电5、6号机组，该项目采 用中国广核具有自主知识产权的三代核电技术"华龙一号"建设，单台机组容量为1 ...

Core Viewpoint - The French electricity company announced the shutdown of the Gravelines nuclear power plant due to a significant influx of jellyfish affecting equipment systems, leading to the activation of protective mechanisms in the water pump station [1] Group 1: Incident Details - The Gravelines nuclear power plant, located in northern France, is the largest in the country with a total installed capacity of 5.4 gigawatts and consists of six reactors [1] - Four reactor units were shut down sequentially from the night of the 10th to the morning of the 11th due to the jellyfish issue, while two other units were already offline for maintenance [1] - The incident did not pose any safety risks to the plant, personnel, or the environment, and emergency diagnostics and repairs are underway to ensure safe restart [1] Group 2: Environmental Context - Reports indicate that global warming is contributing to rising sea temperatures, which may accelerate jellyfish reproduction [1] - A spokesperson for the Gravelines plant noted that jellyfish invasions leading to reactor shutdowns are "quite rare," although similar incidents have occurred historically [1]

Core Viewpoint - Macquarie expects China General Nuclear Power (01816) to experience a 10% year-on-year decline in net profit for the second quarter, primarily due to a reduction in electricity prices, although this is partially offset by a 4.6% increase in power generation [1] Group 1: Financial Performance - The estimated impact of tax refunds for the period is approximately 200 million RMB, compared to 400 million RMB in the first quarter [1] - The target price has been raised by 45% to HKD 3.7, with the rating upgraded to "outperform" [1] Group 2: Electricity Pricing - Expected electricity price declines in Guangdong and Guangxi for the second quarter are similar to those in the first quarter, with the group's mixed nuclear power grid prices dropping by 24% and 21% year-on-year, respectively, due to a high base [1] - Potential nuclear power price reforms may provide upward price movement; a 1% increase in electricity prices could lead to approximately a 3% increase in group profits [1] Group 3: Uranium Sales - China General Nuclear Mining (01164) has established a new sales framework, with average prices for 2026 and 2027 increased by about 4% [1] - Since sales to the group account for only 20% of annual procurement, the price increase is expected to have a minimal impact on the group's costs, estimated to be less than 0.1% [1]

本文源自：智通财经网 麦格理指出，预期中广核电力二季度纯利将按年跌10%，主要因电价下调，但部分被发电量按年增长 4.6%抵销。期内退税影响估计约2亿元人民币，而首季则为4亿元人民币。该行续指，预期广东及广西 二季度电价跌幅与首季相若，当中集团的混合核电上网电价分别按年跌24%及21%，因基数较高。另 外，潜在的核电电价改革或可令电价有上行空间；该行估算，电价每升1%，集团盈利可增加约3%。 智通财经获悉，中广核电力(01816)涨超3%，截至发稿，涨3.62%，报3.15港元，成交额7986.54万港 元。 申万宏源发布研报称，截至2025年6月，中广核电力管理20台在建机组(包含控股股东委托管理8台机 组)，总容量约24.23GW，较当前31.80GW的在运装机规模约有76%的增量空间。从具体投产节奏来看， 2025-2030年公司将陆续投产1、2、2、1、1、1 台机组。同时两广地区2025 年中长期电价出现较大幅度 下降，长期有望反弹。随着在建核电机组密集投产，公司将迎来新一轮快速成长期。量价无虞，公司盈 利规模将逐步迈上新台阶。 ...

麦格理又提到，同系中广核矿业(01164)与其订立新销售框架，2026及27年平均售价上调约4%。由于销 售予集团的铀仅占年度采购量的20%，该行料此次加价仅令集团成本增加不多于0.1%，影响轻微。 智通财经APP获悉，麦格理发布研报称，预期中广核电力(01816)次季纯利将同比跌10%，主要因电价下 调，但部分被发电量同比增长4.6%抵销。 期内退税影响估计约2亿元人民币，而首季则为4亿元人民 币。基于项目前景更明确及电价风险减低等因素，该行将目标价上调45%至3.7港元，评级升至"跑赢大 市"。 该行指出，预期广东及广西次季电价跌幅与首季相若，当中集团的混合核电上网电价分别同比跌24%及 21%，因基数较高。另外，潜在的核电电价改革或可令电价有上行空间; 该行估算，电价每升1%，集团 盈利可增加约3%。 ...