图为1000吨级货船经导流明渠驶向大坝下游。王津川 摄 chinanews.com.cn 图为乌江白马航电枢纽导流明渠。王津川 摄 图为正在建设中的乌江白马航电枢纽。王津川 摄 图为1000吨级货船经导流明渠驶向大坝下游。王津川 摄 10月29日，乌江白马航电枢纽举行导流明渠完工后首次试航，位于大坝上游的1000吨级货船在引航船的 引导下，成功驶向大坝下游。乌江白马航电枢纽位于重庆市武隆区，是乌江干流开发规划的最后一个梯 级，以航运开发为主，兼顾发电。项目建成后，将打通渝东南和黔东北地区进入长江黄金水道"最后一 公里"，推动乌江航运的全面复苏。 图为正在建设中的乌江白马航电枢纽。王津川 摄 ...

Core Insights - The report highlights the dual drive of domestic demand and military trade in the radar business of Guorui Technology, indicating a potential for sustained performance improvement due to asset restructuring and increasing defense spending [9][11][12] - The photovoltaic industry is undergoing a supply-side reform led by a coalition of 17 companies, aiming to stabilize prices and improve profitability through coordinated production and quality management [14][19] Guorui Technology (600562) Insights - The company is positioned as a leading radar enterprise backed by significant technological resources from the China Electronics Technology Group Corporation, with a focus on radar equipment and related systems [11] - Continuous growth in defense spending and the need for upgraded military equipment are expected to drive revenue from military radar devices [11][12] - The company anticipates a significant increase in military trade business, supported by recent geopolitical conflicts and rising global military expenditures [11][12] - Civilian radar applications are also expected to contribute to revenue growth, particularly in meteorological and air traffic management sectors [11][12] Photovoltaic Industry Insights - The establishment of a joint platform by 17 photovoltaic companies is aimed at addressing supply-side issues, particularly in the polysilicon segment, which is crucial for cost and profit distribution across the industry [14][19] - The "anti-involution" strategy is showing positive results, with prices recovering and profitability improving as companies adhere to a "not below cost sales" policy [19] - The report suggests that the photovoltaic sector is on a path to recovery, with expectations for improved market performance as the supply-side reforms take effect [19] Market and Economic Insights - The Federal Reserve's recent decision to lower interest rates by 25 basis points reflects a cautious approach to economic expansion, with ongoing uncertainties in the job market and inflation levels [10][12] - The report indicates that the economic outlook remains mixed, with potential implications for investment strategies in various sectors, including defense and renewable energy [10][12]

中国发展网讯 2025年10月28日上午，"万千气象看四川・县域经济高质量发展"系列主题新闻发布会康定专场在四川新闻发布厅举行。甘孜藏族自治州康定 市委副书记、市人民政府市长李森作主发布，开篇即以"三个第一"亮出核心竞争力：康定市是四川涉藏地区第一个县级市；康定的经济总量位居全省涉藏县 （市）第一；截至目前，康定的环境空气质量指数位居全省第一。 文旅融合上，康定深耕"情歌IP+贡嘎生态"，打造"遇见贡嘎"精品线、串联雪山湖泊草原的"钻石线路"、深入民族村落的"黄金线路"、穿越原始冰川的"经典 徒步线"等特色产品；康定情歌国际音乐节已成为四川秋季文旅标志性活动，带动游客量与旅游收入稳步增长，让"情歌故里"的吸引力持续释放。 从茶马古道"藏卫通衢"到曾与上海、武汉并称的"国内三大商埠"，从《康定情歌》跻身"全球最具影响力十首民歌"到如今以"小而精、特而强"实现生态经济 双赢，这座"情歌故里"以生态为基、产业为脉、民生为魂、团结为魄，勾勒出"年轻、美丽、活力"的县域发展新图景。 四川省, INFORMATION OFFICE OF 生态优先：守好长江上游绿色家底 "很多人来康定，对这里的第一印象就是'清澈'，湛蓝的 ...

Core Viewpoint - The report from GF Securities highlights a significant recovery in electricity consumption and generation, particularly in the secondary industry, driven by low base effects and seasonal factors, indicating a clear trend towards energy transformation [1][2][3] Group 1: Electricity Consumption Analysis - In September, the secondary industry's electricity consumption growth reached 79%, marking the first time this year it surpassed structural contributions, with a year-to-date contribution of 46% [1] - Overall electricity consumption in September showed a year-on-year increase of 4.5%, with the secondary industry growing by 7.3% and the residential sector declining by 2.6% due to high base effects from the previous year [1] - The report anticipates continued improvement in the secondary industry's electricity consumption in the coming months, supported by low base effects from last year [1] Group 2: Power Generation Insights - Hydropower generation in September saw a significant year-on-year increase of 31.9%, primarily due to seasonal autumn floods and low base effects from the previous year [1][2] - Wind and solar power contributed to 50% of the total power generation growth, with a year-to-date contribution of 112%, indicating a strong trend towards energy transformation [1] - The report notes that the hydropower sector has experienced a major turnaround in fundamentals, enhancing its investment appeal [2] Group 3: Coal and Power Price Dynamics - Recent increases in hydropower generation have negatively impacted thermal power generation, which saw a year-on-year decline of 5.4% in September [1][3] - The price of Qinhuangdao Q5500 thermal coal has risen by 59 CNY/ton to 765 CNY/ton, with expectations of maintaining high levels, which could improve electricity price forecasts [3] - The report emphasizes a growing consensus on stabilizing electricity and coal prices, which could lead to a resurgence in thermal power market performance [3]

Core Viewpoint - The Yarlung Tsangpo River Basin has achieved a significant milestone with the simultaneous damming of the Mengdigou and Yagen hydropower stations, marking the transition to the main construction phase of China's first integrated water-solar-wind energy base [1][11]. Group 1: Project Development - The Yarlung Tsangpo River Basin integrated energy base is focused on achieving a "zero-carbon" construction site by utilizing electric heavy trucks and excavators, promoting a green and low-carbon transformation in project construction [2][8]. - The project aims to establish a 100% renewable energy supply system, with a planned total installed capacity of 78 million kilowatts by 2035 across four project clusters [13][15]. - Currently, the base has approximately 21 million kilowatts of clean energy installed capacity and is contributing over 1.1 trillion kilowatt-hours of clean electricity [15]. Group 2: Technological Innovation - The construction site features 20 electric heavy trucks that operate quietly and efficiently, capable of transporting over 400 tons of materials per day [4][6]. - The Mengdigou hydropower station is implementing smart systems for comprehensive monitoring of project progress, quality, safety, and environmental information, which is expected to shorten the construction period by at least six months and save over 500 million yuan [10]. - The project is also exploring the integration of green hydrogen production and digital technologies, aiming to create a leading clean energy base in China and globally [17].

今天（10月28日）上午，国家首个水风光一体化基地——雅砻江流域水风光一体化基地孟底沟、牙根一级两座大型水电站实现同步大江截流，这标志着该项 目进入到主体工程施工新阶段。 "零碳"工地 水电站建设绿色智能 雅砻江流域水风光一体化基地在生产安全、稳定、绿色电能的同时，也正着力打造"零碳"工地，通过大规模应用电动重卡、电动挖掘机等新能源施工机械， 推进项目建设实现绿色低碳转型。 总台央视记者古峻岭：在施工现场，20辆电动重卡货车正在忙碌地施工作业。由于是电驱动，现场听不到传统油车发动机巨大的轰鸣声。和其他工地相比， 这里显得特别安静。每辆电动重卡在满电状态下可不间断来回跑10趟，运输超400吨施工物料。 在当天同步截流的牙根一级水电站，10多台新能源自卸车也投入到施工中。雅砻江流域正加快探索以"零碳"方式推进水风光一体化开发。不光"零碳"，在智 能建设与数字化技术应用方面，两座水电站同样走在了前列。随着项目进入主体工程施工新阶段，孟底沟水电站正通过"通用地质模型""智能仿真""智能灌 浆"等多方面推进智能系统建设，实现工程建设"全生命周期"智能化管控。 国投集团雅砻江公司孟底沟建设管理局局长曾新华：孟底沟水电站实 ...

Core Viewpoint - The simultaneous river closure of the Mengdigou and Yagen First Hydropower Stations marks a significant milestone in the development of the Yalong River basin, representing a breakthrough in the construction of the country's first integrated hydropower and wind-solar demonstration base [5][6][11] Group 1: Project Development - The Yalong River basin's integrated hydropower and wind-solar base is planned to have a total installed capacity of 78 million kilowatts by 2035, with current clean energy capacity at approximately 21 million kilowatts and ongoing projects at about 14 million kilowatts [6] - The two hydropower stations achieved simultaneous river closure for the first time in the Yalong River basin, enhancing overall efficiency and minimizing the impact on other downstream stations [6][7] - The construction involved the precise control of water discharge from the upstream Two Rivers Hydropower Station, creating a favorable low-flow window for the downstream stations, thus maximizing overall benefits [7] Group 2: Technological Innovation - The Mengdigou Hydropower Station utilizes intelligent management platforms and digital twin technology for comprehensive data management throughout the project lifecycle, addressing challenges such as difficult terrain and complex coordination among multiple construction units [8][9] - The project aims to implement smart systems across various aspects, enhancing management efficiency by over 40% through the integration of AI technologies [9] Group 3: Economic Impact - The Mengdigou Hydropower Station is expected to contribute over 1 billion yuan in taxes during its construction phase and create approximately 5,000 jobs annually, with ongoing contributions of over 300 million yuan in taxes post-commissioning [10] - The Yagen First Hydropower Station is projected to generate over 100 million yuan in taxes during construction and create around 3,000 jobs annually, contributing similarly to local economic development [10] Group 4: Strategic Goals - The Yalong River Company aims to leverage its hydropower development advantages to explore innovative approaches in integrated water and wind-solar development, contributing to national energy security and supporting the green transition [11] - The company plans to expand its clean energy industry chain by incorporating strategic emerging industries such as green hydrogen production and energy integration [11]

Group 1: Green Economy and Sustainable Development - The Ministry of Commerce announced the establishment of a comprehensive cooperation framework under the China-ASEAN Free Trade Area 3.0, defining key areas such as green economy, renewable energy, and sustainable finance [2] - Eight priority cooperation areas were established, including green trade, green investment, circular economy, and sustainable energy, aimed at promoting mutual development between environment and trade [2] Group 2: Renewable Energy Projects - The world's highest pumped storage power station, located in Jiangsu, has commenced full operation, with a total installed capacity of 1.35 million kilowatts and an estimated annual power generation of 1.35 billion kilowatt-hours [4] - The first synchronized river diversion of two large hydropower stations in the Yalong River Basin marks a significant milestone in hydropower development, enhancing overall efficiency [3] Group 3: Technological Advancements in Energy - A breakthrough in the industrial preparation of key materials for controlled nuclear fusion has been achieved, which is crucial for the development of clean energy [4] - The efficiency of all-perovskite tandem solar cells has surpassed 30%, showcasing advancements in next-generation photovoltaic technology [5] Group 4: International Energy Developments - Google announced plans to restart a nuclear power plant in Iowa to supply power for its AI infrastructure, indicating a shift in energy sourcing for tech companies [6] - The International Energy Agency reported a significant decline in Russian natural gas exports to Europe, with pipeline gas exports down by 45% [6]

能源基础设施网络建设同样成果显著。陶剑锋指出，四川已建成"八直十一交"省际输电通道，与华东、 华中、重庆、西藏、西北等电网互联互通。特别是建成西南地区第一条特高压交流"甘孜—天府南—成 都东1000千伏特高压交流工程"，省内小"西电东送"能力提升至3700万千瓦以上，实现了"三州的风 光"点亮"成都的灯光"。目前，全省500千伏的骨架网络线路超2.1万公里、在国网经营区居第一位；天 然气输配管网总里程超1万公里，年外输能力超500亿立方米，积极融入全国"一张网"。(完) 来源：中国新闻网 中新网成都10月28日电 (王利文)四川省人民政府新闻办公室10月28日在成都举行"决胜'十四五'续写新 篇章"系列主题新闻发布会第七场。会上披露，四川今年水电装机将历史性突破1亿千瓦，新能源装机达 3200万千瓦，世界级优质清洁能源基地建设成效显著。 四川省人民政府新闻办公室10月28日在成都举行"决胜'十四五'续写新篇章"系列主题新闻发布会第七 场。四川发布供图 作为我国"西电东送""西气东输"重要节点和源头，四川清洁能源资源禀赋得天独厚。四川省发展改革委 副主任陶剑锋介绍，"十四五"以来，四川自觉担当维护国家能源资源安 ...

Core Viewpoint - The successful commissioning of the Jurong Pumped Storage Power Station marks a significant achievement in overcoming complex geological challenges, showcasing innovative engineering solutions in the hydropower sector [1][3][9]. Group 1: Project Overview - The Jurong Pumped Storage Power Station has a total installed capacity of 1.35 million kilowatts, consisting of six reversible turbine generator units of 225,000 kilowatts each [1]. - The project took nearly six years from dam construction to water storage, with a maximum dam height of 182.3 meters, equivalent to a 60-story building [5]. - The normal water storage capacity is 17.12 million cubic meters, comparable to 1.2 times the volume of West Lake [5]. Group 2: Engineering Challenges - The project faced significant challenges due to the complex geological conditions in Jiangsu Province, which lacks favorable terrain for pumped storage power stations [3][6]. - Innovative solutions included raising the upper reservoir to create a water head difference, thus overcoming geographical limitations [3]. - The construction involved a massive fill volume of 30 million cubic meters, which is 6 to 10 times larger than typical pumped storage projects [5]. Group 3: Technological Innovations - The project introduced several industry-first technologies, such as a combined seepage prevention system using asphalt concrete panels and geotextile membranes [6][8]. - The use of TPO geotextile membranes, which have a yield elongation rate of 30%-40%, significantly outperforms conventional HDPE membranes [8]. - The underground powerhouse features a fully enclosed seepage prevention curtain and a large-diameter water intake ball valve, the largest of its kind designed domestically [8]. Group 4: Environmental Impact - The power station is expected to generate 1.35 billion kilowatt-hours of electricity annually, saving 140,000 tons of standard coal and reducing carbon dioxide emissions by 349,000 tons [11]. - It enhances the power grid's ability to manage peak and off-peak electricity demands, addressing supply shortages in Jiangsu [11]. Group 5: Industry Significance - The successful operation of the Jurong Pumped Storage Power Station serves as a model for future projects in complex geological conditions, providing valuable experience in dam deformation control and seepage technology [9]. - The project reflects the technical strength and engineering experience of China Electric Power Construction Group's East China Institute, contributing to national energy transition and regional development [11].