Company News - China Pacific Insurance (02601.HK) reported original insurance premium income of 217.05 billion yuan for the first eight months, a year-on-year increase of 13.2%. The original insurance premium income for Taiping Property Insurance was 142.809 billion yuan, a year-on-year increase of 0.4%. The total original insurance premium income is approximately 360 billion yuan [2] - Datang Renewable (01798.HK) achieved a cumulative power generation of approximately 23.53 million megawatt-hours in the first eight months, an increase of 13.04% year-on-year. In August, the power generation was 2.169 million megawatt-hours, a year-on-year increase of 27.5% [2] - Green Energy Technology Group (00979.HK) issued a profit warning, expecting an annual net loss of approximately 15 to 18 million Hong Kong dollars [2] - Timekeeper (02033.HK) issued a profit warning, expecting a loss attributable to shareholders of approximately 17 million Hong Kong dollars for the fiscal year 2025 [2] - Fuhong Hanlin (02696.HK) completed the administration of the first patient in Australia for the international multi-center phase II clinical study of HLX43 for the treatment of advanced non-small cell lung cancer (NSCLC) [2] - IFBH (06603.HK) entered into a foreign exchange contract with Citibank [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 848,000 shares at a cost of 550 million Hong Kong dollars, with buyback prices ranging from 636 to 664 Hong Kong dollars [3] - HSBC Holdings (00005.HK) repurchased 1.48 million shares at a cost of approximately 158 million Hong Kong dollars, with buyback prices between 106.4 and 106.9 Hong Kong dollars [3] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of approximately 23.8 million Hong Kong dollars, with buyback prices ranging from 118.5 to 119.6 Hong Kong dollars [3] - MGM China (02282.HK) repurchased 1.2 million shares at a cost of 18.758 million Hong Kong dollars, with buyback prices between 15.50 and 15.77 Hong Kong dollars [3]

哈密百万千瓦"光热+光伏"项目全容量并网发电。 今天（9月1 8日）， 全国最大的"线性菲涅尔"光热综合能源示范项目——三峡集团哈密百万千瓦"光热+光伏"项目实现全容量并网发 电，标志着"光热+光伏"协同运行新模式正式开启 ，有助于增强电网对新能源的接纳能力。 "线性菲涅尔"是太阳能光热发电技术的一种，它利用法国物理学家菲涅尔提出的光的反射和折射原理，通过太阳能的转化来发电。 项目位于新疆哈密市伊州区，总装机容量1 0 0万千瓦，包括1 0万千瓦光热储能电站和9 0万千瓦光伏电站。光热部分通过2 6万块线性排列 的反射镜聚集太阳光，加热熔盐储存热能。整个集热系统最多可实现8小时储能，有效实现太阳能的高效转化和稳定利用。 三峡集团新疆分公司现场负责人石勇介绍，项目充分发挥光热电站的储能调峰功能与9 0万千瓦光伏电站形成深度互补。白天，光伏发电 满足电网基础负荷；夜晚或阴雨时段，光热储热系统无缝衔接供电，实现2 4小时稳定输出。 来源：央视新闻客户端 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 责编丨李慧颖 项目全容量并网后，光热储能电站可充分发挥基础调节电源的调峰作用，与 ...

Core Viewpoint - The implementation plan aims to promote the market-based formation of on-grid electricity prices for renewable energy in Ningxia, establishing a sustainable pricing mechanism to support high-quality development of the sector [1][2]. Group 1: Implementation Plan Details - The plan specifies that all renewable energy projects, including centralized and distributed wind and solar power, will participate in the electricity market, with prices determined through market transactions [1]. - A sustainable price settlement mechanism will be established, with a price difference settlement mechanism for cases where market transaction prices deviate from the designated mechanism price [1]. - The mechanism price is set at the benchmark price for coal-fired power in Ningxia, which is 0.2595 yuan per kilowatt-hour [1]. Group 2: Pricing and Market Mechanism - For renewable energy projects, the mechanism price will be determined through unified bidding, with a bidding upper limit of 0.2595 yuan per kilowatt-hour and a lower limit of 0.18 yuan per kilowatt-hour [2]. - The plan outlines that the mechanism will not apply to renewable energy projects after October 1, 2025, and that changes in investment entities will not affect the original electricity scale and mechanism price [2]. - The first bidding process is tentatively scheduled for October, with further details on bidding organization, rules, and processes to be released [3].

Core Viewpoint - The implementation plan aims to promote the market-oriented reform of renewable energy pricing in Heilongjiang Province, facilitating the entry of wind and solar power into the electricity market through market transactions [1][2]. Group 1: Market Mechanism and Pricing - The plan emphasizes the establishment of a market trading and pricing mechanism suitable for the development of renewable energy, ensuring fair participation in market transactions [1]. - It distinguishes between existing and new projects, implementing tailored strategies for each category, and aims to create a sustainable pricing settlement mechanism that aligns with the characteristics of renewable energy development in Heilongjiang [1]. - The plan maintains policy continuity for existing projects while stabilizing expected returns for new projects, thereby enhancing the electricity market system and promoting healthy industry development [1]. Group 2: Competitive Bidding and Trading Rules - To foster industry competition, the plan sets a minimum declaration sufficiency rate for bidding, with mechanism prices formed through voluntary participation in bidding organized annually in October [1]. - Bidding will be categorized into wind and solar power, but if competition is insufficient within a single category, a unified bidding process will be adopted [1]. - The plan also aims to improve the medium- and long-term market trading rules, allowing various power sources to participate fairly and shortening trading cycles while increasing trading frequency [2]. Group 3: Contractual Flexibility and Green Power Trading - The plan allows supply and demand sides to reasonably determine the volume, price, curve, and settlement reference points of medium- and long-term contracts based on the characteristics of renewable energy output, with flexibility for adjustments [2]. - Initial settlement reference points are set at a unified settlement point, with bilateral negotiations and listing transactions for green electricity trading within the province, specifying prices for energy and corresponding green power certificates [2].

Core Viewpoint - 大唐新能源 (01798) reported a significant increase in power generation for 2025, with a total completion volume of 2,352.54 million megawatt-hours, reflecting a year-on-year growth of 13.04% compared to 2024 [1] Group 1: Power Generation Performance - The company achieved a total generation of 216.91 million megawatt-hours for August 2025, which is a 27.50% increase from August 2024 [1] - Wind power generation reached 160.81 million megawatt-hours, marking a year-on-year growth of 19.15% [1] - Solar power generation amounted to 56.09 million megawatt-hours, showing a substantial increase of 59.52% compared to the previous year [1] Group 2: Cumulative Generation Data - As of August 31, 2025, the cumulative generation for the year stood at 2,352.54 million megawatt-hours, up 13.04% from 2024 [1] - Cumulative wind power generation was 1,998.36 million megawatt-hours, reflecting a 9.57% increase year-on-year [1] - Cumulative solar power generation reached 354.18 million megawatt-hours, which is a 37.66% increase compared to 2024 [1]

智通财经AFP讯，大唐新能源(01798)发布公告，根据该公司初步统计，2025年8月公司及其附属公司(统 称集团)按合并报表口径完成量216.91万兆瓦时;较2024年同比增加27.50%。其中，完成风电发电量 160.81万兆瓦，较2024年同比增长19.15%;光伏发电量56.09万兆瓦时:较2024年同比增加59.52%。截至 2025年8月31日，集团2025年累计完成量2352.54万兆瓦时，较2024年同比增加13.04%。其中，完成风电 发电量1998.36万兆瓦时，较2024年同比增加9.57%;光伏发电量354.18万兆瓦时，较2024年同比增加 37.66%。 ...

格隆汇9月18日丨大唐新能源(01798.HK)公告，2025年8月公司及其附属公司(统称"集团")按合并报表口 径完成发电量2,169,081兆瓦时，较2024年同比增加27.50%。其中，完成风电发电量1,608,142兆瓦时， 较2024年同比增长19.15%；光伏发电量560,939兆瓦时，较2024年同比增加59.52%。 截至2025年8月31日，集团2025年累计完成发电量23,525,413兆瓦时，较2024年同比增加13.04%。其 中，完成风电发电量19,983,618兆瓦时，较2024年同比增加9.57%；光伏发电量3,541,795兆瓦时，较 2024年同比增加37.66%。 ...

Core Viewpoint - Jilin Electric Power's net profit attributable to shareholders in the first half of the year was 726 million yuan, a year-on-year decrease of 33.72%, with a significant drop of 78.5% in the second quarter, primarily due to the impact of new energy [1] Financial Performance - The company's net profit for the second quarter was 102 million yuan, reflecting a substantial decline compared to the previous year [1] - If national subsidies are accelerated, the company is expected to receive a one-time cash flow that will alleviate debt pressure [1] Future Outlook - The net cash flow from fundraising for the first half of 2025 is projected to be 2.5 billion yuan, an increase of approximately 1.4 billion yuan year-on-year, mainly from the issuance of new energy REITs [1] - The company is strategically positioned to focus on "new energy+" and "green hydrogen energy" dual tracks, indicating a clear strategic direction [1] Comparative Analysis - Comparable companies in the A-share green electricity sector include Longyuan Power, Three Gorges Energy, and China Energy Conservation and Environmental Protection Group, with average PE ratios for 2025-2027 expected to be 19, 17, and 16 times respectively [1] - The company is positioned as a green hydrogen energy platform under State Power Investment Corporation, with potential to lead in the next main track of green electricity [1]

Core Insights - The largest "linear Fresnel" solar thermal integrated energy demonstration project in China, the Three Gorges Group's Hami 1 million kilowatt "solar thermal + photovoltaic" project, has achieved full capacity grid-connected power generation, marking the official launch of a new collaborative operation model for "solar thermal + photovoltaic" [1] Project Overview - The project is located in Hami City, Xinjiang, with a total installed capacity of 1 million kilowatts, consisting of a 100,000 kilowatt solar thermal storage power station and a 900,000 kilowatt photovoltaic power station [1] - The solar thermal component utilizes 260,000 linearly arranged mirrors to concentrate sunlight, heating molten salt to store thermal energy [1] - The entire heat collection system can achieve up to 8 hours of energy storage, effectively enabling high-efficiency conversion and stable utilization of solar energy [1]

迎峰度夏期间，安徽省能源集团新能公司统筹光伏、风电与储能协同发力，通过科学调度、全员攻坚，交出一份亮眼保电答卷。其间新能源发电量突破8.09 亿千瓦时，同比增长48.93%，创历史同期新高。 精细管理提效能。公司充分发挥新能源清洁高效优势，指导光伏电站加强组件清洗与设备维护，推动风电场依托智能预测系统捕风，实现机组可利用率超 99%。同时以设备稳定运行、减少停机损失为切入点，落实重奖重罚，形成"人人讲安全，人人有指标"机制，推动向电气零缺陷、设备零故障目标迈进，并 利用电网下网、小风及检修等契机强化维护，提升运行稳定性。 下一步，安徽省能源集团新能公司将系统总结经验，优化调度机制，筑牢安全生产底线，进一步深化光伏、风电、储能协同运行能力，持续做到设备精益化 管理，全力提升新能源发电效率与保供可靠性，为新能源产业高质量发展提供更坚实支撑。（江琼 任冉 赵文涛） 压实责任筑防线。公司制定2025年迎峰度夏劳动竞赛工作方案和奖惩管理办法，成立迎峰度夏工作领导小组，明确责任分工，细化任务清单，从8个方面强 化度夏期间安全生产稳定运行，夯实迎峰度夏保供基础。严格落实"应修必修，修必修好"原则，各场站结合风光特性与区域特 ...