Investment Rating - The report assigns an "Accumulate" rating to the company [7] Core Views - The company is transitioning from a financial investment strategy to an industrial investment holding group, focusing on new energy and new technology sectors, aligning with national policy directions and market trends [4][12][15] - The company has successfully restructured its capital and improved its financial health, with a significant reduction in debt-to-asset ratio from approximately 78% in 2021 to about 65% in 2023, and further projected to decrease to around 60% in 2024 [4][6][24] - The company has established a strong synergy between its green energy and data center businesses, enhancing operational efficiency and reducing costs [7][15] Summary by Sections 1. Transition to Industrial Investment Holding Group - The company has shifted its focus from short-term financial investments to long-term industrial investments, particularly in new energy and technology sectors, which are expected to drive future growth [4][12] - The company has increased its stake in Shandong High-speed New Energy to 60.66% by 2025, reinforcing its control and commitment to the renewable energy market [12][23] 2. New Energy Sector - The company has received significant funding, including approximately HKD 47 billion from its parent group and additional government subsidies, which have improved the capital structure of its subsidiary, Shandong High-speed New Energy [4][5] - The company is actively involved in various renewable energy projects, including wind and solar initiatives, with a total capacity exceeding 1GW planned for the next two years [4][5] 3. New Infrastructure and Data Center Development - The company has strategically invested in Century Internet, a leading digital infrastructure provider, to enhance its capabilities in the data center sector [4][7] - A significant project in collaboration with Ulanqab City aims to integrate green energy and data computing, with a total investment of approximately CNY 21 billion [5][7] 4. Financial Performance and Forecast - The company has shown a robust growth trajectory, with projected revenues of CNY 58.84 billion in 2025, and net profits expected to reach CNY 1.38 billion, reflecting a year-on-year growth rate of 155% [7][27] - The company’s net profit margin has improved significantly, with a forecasted net profit of CNY 3.47 billion by 2027, indicating strong operational efficiency [7][32]

5月30日，陕西旅游、三瑞智能、宏明电子、大亚股份4家公司IPO获得受理，创下2025年以来单日受理数新高。在上述4家企业中，三瑞智能、宏明电子拟 闯关创业板，也是年内创业板首批受理企业。经统计，截至目前，年内沪深北交易所共有27家企业IPO获受理，其中北交所共受理18家公司IPO申请，占比 66.67%；主板、科创板、创业板分别受理4家、3家、2家公司IPO申请。从拟募资金额看，27家获受理企业中，深市主板IPO华润新能源拟募资额最高，约 245亿元。 | 序号 | | | | | | --- | --- | --- | --- | --- | | | 证券代码 | 了 证券名称 | 7 N | IPO受理日期 | | 1 | A06739.SZ | | 宏明申子 ピ | 2025-05-30 | | 2 | A04617.SH | | 陕西旅游 〜 | 2025-05-30 | | 3 | A06738.SZ | | 三瑞智能 ◎ | 2025-05-30 | | 4 | A06737.BJ | | 大亚股份 | 2025-05-30 | | 5 | A06735.BJ | | 美德氏 ~ | 2025- ...

Core Insights - The article highlights the significant transformation in the energy landscape of Shijiazhuang County, Shandong Province, driven by the development of renewable energy sources, particularly wind and solar power [1][2] Group 1: Renewable Energy Development - As of the end of 2024, the total installed capacity of renewable energy in Shijiazhuang County is expected to exceed 1.08 million kilowatts, meeting 80% of the county's electricity demand [1] - The county has established a green energy system that integrates wind power, solar energy, and biomass energy, resulting in a reduction of carbon dioxide emissions by 1.6 million tons annually [1] Group 2: Energy Management and Infrastructure - The State Grid Shijiazhuang County Power Supply Company has developed a "source-network-load-storage" collaborative management system to enhance the integration of renewable energy generation and consumption [2] - By the end of this year, the proportion of installed renewable energy capacity in the county is expected to reach over 95%, with plans to create a new-type power system demonstration zone [2]

新华社兰州6月2日电 题：绵延千年丝路文化！外宾点赞中华文明生命力 5月29日，第四届文明交流互鉴对话会嘉宾在敦煌莫高窟参访。新华社记 袁睿 摄 时隔20余年再度造访敦煌莫高窟，美国作家、爱荷华国际写作计划主任克里斯托弗·梅里尔赞叹，这里还是一如既往地引人入胜。"莫高窟的 塑像、壁画不仅仅是一件件精美绝伦的艺术品，更生动展现了历史上不同文化、不同民族、不同信仰之间的交流。" 亲身来到丝路要地走访，来自英国"社会主义中国之友"的戴维·皮特对丝路精神有了更深理解。"古丝绸之路本身就是一条东西方文明的交汇 之路，共建'一带一路'倡议建立在古丝路深厚的文明积淀和文化底蕴之上，体现的是历史文化与当代文明的有机融合。" 抚今追昔，鸣沙山的沙丘、莫高窟的线条和色块、嘉峪关的砖石，都是驼铃古道的千年见证者。而当凝固的历史借着科技的东风化身成身边 的现实图景，文明的延续便拥有了更具纵深的未来感。 新华社记者刘杨、袁睿、张文静 文明之间最美的姿态，是交流交融、互学互鉴、彼此辉映、相互成就。 5月29日至31日，第四届文明交流互鉴对话会在甘肃敦煌举行。对话会前后，与会嘉宾在丝路重镇敦煌、戈壁明珠嘉峪关等地参访，在古与今 的共生中， ...

Core Viewpoint - Beijing Keri Group Co., Ltd. has approved an investment plan to increase capital in its wholly-owned subsidiary and to construct a distributed photovoltaic power station, aiming to enhance its competitive edge in the energy market [1][2]. Group 1: Investment and Project Details - The total investment for the photovoltaic power station project is approximately 17 million yuan, with the subsidiary receiving a capital increase of no more than 5.1 million yuan from the parent company [1]. - The project will be located within the premises of YunGu (Gu'an) Technology Co., Ltd. and will prioritize supplying electricity to this company at a discounted rate [1]. Group 2: Board Meeting and Approval - The board meeting was held on May 30, 2025, with all 9 directors present, and the investment proposal was unanimously approved with 9 votes in favor [2].

截至2025年5月30日收盘，银星能源（000862）报收于5.49元，较上周的5.42元上涨1.29%。本周，银星 能源5月30日盘中最高价报5.7元。5月26日盘中最低价报5.38元。银星能源当前最新总市值50.4亿元，在 电力板块市值排名78/102，在两市A股市值排名2866/5146。 本周关注点 机构调研要点 公司已完成的贺兰山"以大代小"项目投资收益率均达到了项目可研预期水平，投资收益率约10%。 2024年，依托铝企业千亿度稳定高负荷，围绕降碳、降成本目标，加快分布式光伏项目建设要求，公司 取得18个项目立项批复，目前已完成9个项目并网发电。2025年公司将聚焦中铝集团绿色能源需求，加 速推进剩余分布式光伏项目并网，并积极争取中铝新分布式项目。 公司通过智慧运维中心的建设，以实现对已建成部分风场的定时巡检诊断、故障智能预警、精准功率预 测等功能，提升新能源数智化管控水平，实现新能源场站"无人值班、少人值守、智慧巡检、区域维 检"生产管理新模式，降低运维成本，实现科学高效管理，不断增强企业竞争力。 国家对相关电力市场交易规则在持续完善中。针对市场化交易波动带来的不确定风险，公司将密切关注 电力交 ...

证券代码：600395 证券简称：盘江股份 编号：临 2025-025 贵州盘江精煤股份有限公司 关于新能源发电项目的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 贵州盘江精煤股份有限公司（以下简称"公司"）通过子公司共投资建设 新能源发电项目装机 377 万千瓦，截至 2025 年 5 月 30 日，已实现并网容 量 296 万千瓦。现将相关进展情况公告如下： 一、盘江新能源发电（关岭）有限公司 盘江新能源发电（关岭）有限公司共投资建设新能源发电项目装机 205 万千瓦，截至本公告披露日，已实现并网容量 172 万千瓦。 二、盘江新能源发电（盘州）有限公司 盘江新能源发电（盘州）有限公司共投资建设新能源发电项目装机 46 万千瓦，截至本公告披露日，已实现全容量并网。 三、盘江新能源发电（镇宁）有限公司 盘江新能源发电（镇宁）有限公司共投资建设新能源发电项目装机 15 万千瓦，截至本公告披露日，已实现并网容量 11 万千瓦。 四、盘江新能源发电（安顺西秀）有限公司 盘江新能源发电（安顺西秀）有限公司共投资建设新能源 ...

一、 总体要求 （一）适用范围 。 本文所指的 绿电直连是指风电、太阳能 发 电、生物质发电等新能源不直接接 入公共电网，通过直连线路向单一电力用户供给绿电，可实现供给电量清晰物理溯源的模式。其 中，直连线路是 指电源与电力用户直接连接的专用电力线路。按照负荷是否接入公共电网分为并网 型和离网型两类。并网型项目 作为整体接入 公共电网 ， 与 公共电网形成清晰 的 物理界面与责 任界面 ，电源应 接入用户和公共电网产权分界点的用户侧。 直 连电源为分布式光伏的，按照《分 布式光伏发电开发建设管理办法》等政策执行。采用直连线路向多用户开展绿色电力直接供应的， 具体办法由国家发展改革委、国家能源局另行规定。 （二）发展目标。 绿电直连项目以满足 企业绿色用能需求 、提升 新能源就近就地消纳 水平为目 标，按照 安全优先、绿色友好、权责对等、源荷匹配原则建设运行 ， 公平合理承担 安全责任、经 济责任与 社会责任。 二、 加强 规划引导 （ 三 ） 规范项目建设 。 新增负荷 可 配套 建设 新能源 项目 。 存量负荷在已有燃煤燃气自备电 厂足额清缴可再生能源发展基金的前提下 开展绿电直连，通过压减自备电厂出力，实 ...

盘江股份（600395）公告，公司通过子公司共投资建设新能源发电项目装机377万千瓦，截至2025年5月 30日，已实现并网容量296万千瓦。具体包括：盘江新能源发电(关岭)有限公司投资建设205万千瓦，已 实现并网容量172万千瓦；盘江新能源发电(盘州)有限公司投资建设46万千瓦，已实现全容量并网；盘 江新能源发电(镇宁)有限公司投资建设15万千瓦，已实现并网容量11万千瓦；盘江新能源发电(安顺西 秀)有限公司投资建设11万千瓦，已实现全容量并网；盘江新能源(普定)有限公司投资建设100万千瓦， 已实现并网容量57万千瓦。 ...

Core Viewpoint - The financial support from Industrial and Commercial Bank of China (ICBC) plays a crucial role in the development of the Gannan Tibetan Autonomous Prefecture's economy, particularly in supporting local enterprises and industries [1][3][6]. Group 1: Financial Support to Local Enterprises - ICBC has been providing financial support to Hualing Dairy Co., a leading enterprise in the yak milk industry in Gannan, since its establishment in 1999, with a current financing balance of 98 million yuan [3]. - The bank has also supported the Shanyuan Ethnic Handicraft Co., which received a 3 million yuan inclusive loan, enhancing its production and sales capabilities [6]. - ICBC's Gannan branch has established good relationships with 12 "specialized, refined, characteristic, and innovative" enterprises, providing a total financing of 119 million yuan to 8 of these companies, achieving a financing coverage rate of 66.7% [6]. Group 2: Agricultural and Industrial Development - The Caijiao Modern Agricultural Planting Co. has benefited from a 1 million yuan "Planting e-loan" from ICBC, addressing its funding shortages for mushroom cultivation [8]. - Gannan's agricultural product industry chain is supported by the Jiuku E-commerce Co., which has received a 3 million yuan "specialized and refined loan" to meet its increasing funding needs as order volumes grow [10]. Group 3: Renewable Energy Initiatives - ICBC is actively supporting renewable energy projects in Gannan, including a 3.5 billion yuan credit line for the construction of a 100MW "pastoral photovoltaic" project by Xihe Guoneng New Energy Development Co. [11]. - The bank has already disbursed 55.4 million yuan for this project, indicating a strong commitment to supporting the region's energy development [11]. Group 4: Strategic Financial Initiatives - ICBC's Gannan branch emphasizes the importance of its "five major articles" strategy, which aligns with national development goals and aims to enhance the quality of financial services to the real economy [11].