财政部近日发布调整风力发电等增值税政策，对陆上风电、海上风电、核电实行差异化增值税政策。自 今年11月1日起，废止2015年出台的陆上风力发电增值税优惠政策；自11月1日起至2027年12月31日，对 纳税人销售自产的利用海上风力生产的电力产品，实行增值税即征即退50%的政策。2025年10月31日前 国务院已核准但尚未正式商业投产的核电机组，核力发电企业生产销售电力产品，自正式商业投产次月 起10个年度内，实行增值税先征后退政策，退税比例为已入库税款的50%。 因此，新政对成长中的海上风电和核电都采取了"过渡期差异化扶持"策略。其中海上风电延续增值税即 征即退50%至2027年底，后者采用"新人新办法、老人老办法"，即对已核准未投产项目保留10年退税 期，而2025年11月后新核准机组则完全退出补贴序列。 当政策红利"退潮"，真正具备技术竞争力的企业也会浮出水面。新政给新能源产业设置"断奶"时间点信 号明朗。这也意味着，2027年海上风电退补后能否实现平价，其实取决于漂浮式技术突破与深远海开发 权的获取；核电企业则需要直面市场化电价考验。 （大众新闻·经济导报记者 初磊） 国家能源局数据显示，今年上半年我国 ...

Core Points - The "Wind Energy Beijing Declaration 2.0" was officially released during the 2025 Beijing International Wind Energy Conference, setting ambitious targets for wind power installation in China [1] - The declaration aims for an annual new installation of no less than 120 million kilowatts during the 14th Five-Year Plan period, with a cumulative installed capacity of 1.3 billion kilowatts by 2030, 2 billion kilowatts by 2035, and 5 billion kilowatts by 2060 [1] - The previous "Wind Energy Beijing Declaration 1.0" had set lower targets, which have been exceeded, indicating significant growth in China's wind power industry [1] Industry Insights - The declaration is based on consensus from over 1,000 wind energy companies globally and aligns with China's new round of national contributions to climate goals [2] - It emphasizes that China's onshore and offshore wind energy resource development potential exceeds 12.7 billion kilowatts, positioning wind power as a highly competitive low-carbon energy source [2] - The declaration outlines five key initiatives: aligning industrial planning with climate goals, improving market policies for high wind power ratios, collaborative research on key technologies, promoting integration with hydrogen and ammonia industries, and deepening international cooperation to build resilient supply chains [2] - The declaration is seen as a guiding framework for the long-term development of the wind power industry and highlights China's commitment to global energy transition [2]

Core Insights - The wind power industry is positioned as a key driver of green energy and is at a critical juncture for future energy dynamics [1] - The 2025 Beijing International Wind Energy Conference and Exhibition (CWP 2025) is taking place from October 20 to 22, 2023, in Beijing, focusing on global energy transition and sustainable development [3] Industry Overview - The conference theme is "Promoting Global Energy Transition, Working Together for Sustainable Development," attracting experts and nearly a thousand companies from the wind power sector, along with over 100,000 professional attendees [3] - The event will feature discussions on the future of wind power, energy transformation, and sustainable development, with participation from international representatives and experts from organizations like the World Economic Forum (WEF) and the Global Wind Energy Council (GWEC) [3] Exhibition Highlights - CWP 2025 showcases exhibitors from over 20 countries, including China, Germany, Denmark, and the Netherlands, highlighting the latest technologies and achievements across the entire wind power industry chain [5] - The exhibition aims to cover the full industry chain, from complete machines and core components to emerging fields like energy storage and hydrogen energy [5] Policy and Initiatives - The conference will launch the "Beijing Wind Energy Declaration 2.0," aimed at uniting global consensus in the wind power industry and providing a clear action path for addressing climate change and achieving national climate goals [5] - The declaration outlines five initiatives to accelerate wind power development, including aligning industry planning with climate goals, enhancing policy frameworks, increasing technological innovation, promoting integrated development, and deepening international cooperation [5] Development Goals - Under the guidance of national contribution targets, the declaration sets a reasonable development goal for China's wind power, aiming for an annual new installed capacity of no less than 120 million kilowatts during the 14th Five-Year Plan, with offshore wind power contributing at least 15 million kilowatts annually [7] - By 2030, the cumulative installed capacity of wind power in China is expected to reach 1.3 billion kilowatts, with targets of 2 billion kilowatts by 2035 and 5 billion kilowatts by 2060, supporting the energy sector's goal of achieving carbon neutrality [7]

Group 1 - The market is experiencing fluctuations due to a combination of cautious sentiment and external news, leading to a shift of funds from the previously high-performing technology growth sector to defensive sectors like banking and coal [1] - The manager from Changcheng Fund, Han Lin, emphasizes the importance of focusing on stocks with positive third-quarter earnings expectations, particularly in the AI-driven technology growth sector [1] - Han Lin notes a change in market structure, with funds becoming more diversified and moving towards sectors with marginal improvement logic, such as domestic computing power, semiconductors, new energy, and robotics [1] Group 2 - Looking ahead to the fourth quarter, Han Lin believes that the October earnings forecast period will give more weight to short- and medium-term performance, continuing to focus on stocks with strong third-quarter earnings expectations [1] - The overseas computing power chain is expected to have high potential for performance, with interest gradually spreading to domestic computing power and self-controlled sectors [1] - There are opportunities in the gaming sector driven by bottom-up discovery of blockbuster products, with current valuations remaining reasonable [1] - Sectors represented by energy storage and wind power, which are relatively low and have marginal improvement logic, may also possess comparative advantages [1]

Group 1: Market Overview - The A-share market saw mixed performance last week, with major indices showing more declines than gains, while the overall market style was relatively favorable. The average daily trading volume across the market was 21,928.52 billion yuan [1] - In terms of industry performance, the banking, coal, and food and beverage sectors performed relatively well, while the automotive, media, and electronics sectors lagged behind [1] Group 2: Macroeconomic Analysis - The core CPI continued to rise year-on-year, with September CPI at -0.3% and PPI at -2.3%, indicating a need for price support. The rise in core CPI was driven by consumer subsidy policies and rising gold prices [2] - There is strong market expectation for the effects of "anti-involution" policies, with industrial product prices increasing since July, particularly in raw materials and upstream sectors. Recent policy measures include easing real estate purchase restrictions in major cities and the launch of 500 billion yuan in new policy financial tools [2] - September export data exceeded expectations, with a year-on-year increase of 8.3% in dollar terms, while social financing data showed a slight decline in growth to 8.7% [2] Group 3: Policy Developments - The macroeconomic adjustment remains positive, with fiscal measures being ramped up to support effective investment. The central government allocated 500 billion yuan from local government debt limits to support investment [3] - Upcoming events such as the 20th Central Committee's Fourth Plenary Session and the Politburo meeting are expected to provide further policy guidance [3] - A new round of trade negotiations between China and the U.S. is anticipated, with discussions scheduled for October 24, indicating a potentially optimistic outlook for trade relations [3] Group 4: Investment Strategy - The current market is characterized by high levels and increased uncertainty, leading to a cautious trading environment. However, there is potential for a new market trend to emerge following a period of reduced trading volume [4] - The upcoming policy window in mid to late October, including potential growth-stabilizing policies and international meetings, may provide favorable conditions for investment [4] - The focus should be on third-quarter earnings reports, particularly in sectors such as AI, renewable energy, and financial services, which are expected to show resilience [5] Group 5: Thematic Directions - Continued attention should be paid to sectors benefiting from U.S.-China trade tensions and the "14th Five-Year Plan," particularly in emerging technologies and regional economic development strategies [6]

金风科技发布公告，为全资子公司金风国际旗下的金风澳洲提供担保。金风澳洲与Zenith Energy签署运 营维护协议，金风科技与其签署《母公司担保协议》，担保金额13345995.62澳元（约合人民币 61707879.95元），期限预估从2025年至2043年。金风澳洲主营风电场业务，截至2025年8月31日，资产 总额189859.31万元，负债总额172628.12万元。本次担保在股东会批准额度内，无需董事会审议。担保 后，公司及控股子公司对外担保余额10.54亿元，无逾期担保等情况。 ...

当全球能源转型从战略共识迈入全面行动的关键窗口期，风电产业作为绿色动力的核心引擎，正站在决定未来能源格局的十字路口。产业链韧性如何增强？ 全球市场壁垒如何破除？这些时代之问，亟待一场汇聚智慧、链接全球的行业盛会予以解答。 9月24日，国家主席习近平在联合国气候变化峰会发表视频致辞，宣布中国新一轮国家自主贡献：到2035年，中国全经济范围温室气体净排放量比峰值下降 7%—10%，力争做得更好。非化石能源消费占能源消费总量的比重达到30%以上，风电和太阳能发电总装机容量达到2020年的6倍以上、力争达到36亿千 瓦，森林蓄积量达到240亿立方米以上，新能源汽车成为新销售车辆的主流，全国碳排放权交易市场覆盖主要高排放行业，气候适应型社会基本建成。 这是我国首次提出碳达峰阶段后全经济范围、全温室气体净排放下降等一揽子应对气候变化目标，系统性构建了涵盖能源和产业转型、政策工具创新等多维 度指标的行动纲领，标志着我国迈入了更加系统全面的低碳韧性发展新征程。在此背景下，深化全球合作、构建安全稳定且富有韧性的风电全产业链，已不 再是选择题，而是必答题。 大咖云集 呈现高规格对话与全链展示 本届大会将邀请多个国家驻华代表和国内 ...

据悉，中国中车通过AI技术实现了产品研制平台搭建、风机智能诊断分析、规划方案智能生成等，构 建了覆盖风电全生命周期的智能化风电生态创新体系，为能源高质量发展注入新质生产力。在AI赋能 下，中车风电产品正从单一发电设备向智能能源系统解决方案提供者转变。 10月20日至22日，北京国际风能大会暨展览会在京举办。活动期间，中国中车（601766）展示了一系列 新产品、新技术、新方案。 具体来看，中国中车展示的26MWD300海上固定式风电机组，是目前全球单机容量最大的海上风电机 组，拥有完全自主知识产权。其风轮扫风面积约7.7万平方米，单机每年可输出高达1亿度清洁电能。展 出的20MW漂浮式海上风电机组"启航号"是全球最大功率海上漂浮式风电机组，该机组功率突破到 20MW量级，叶尖速度相当于高铁速度。在设计风速下年满发小时数约为3500小时，机组每转动一圈能 满足一个家庭2至4天的用电需求，年节约燃煤消耗约2.5万吨，减少二氧化碳排放约6.2万吨。 而让它们更显智慧的，是融入机组内部的AI人工智能技术。正是这种融合，让中国中车高铁的"中国速 度"转化为能源革命的"中国智慧"。 近年来，中国中车将高铁可靠性设计体系引 ...

Group 1: Order and Capacity - In the first half of 2025, the company added new orders totaling 11,974.28 MW, bringing the cumulative orders to 45,866.86 MW by the end of June 2025 [2] - The breakdown of cumulative orders includes: - 998.70 MW for wind turbines between 2 MW and 4 MW (excluding 4 MW) - 8,223.24 MW for wind turbines between 4 MW and 6 MW (excluding 6 MW) - 36,644.92 MW for wind turbines of 6 MW and above [2][3] Group 2: Wind Turbine Pricing - Wind turbine prices are influenced by product type, market conditions, and project specifications, with a slight increase in prices observed in 2025 due to heightened focus on quality and reliability [3] Group 3: Offshore Wind Power Development - The company aims to lead the offshore wind power sector by establishing bases in Dalian and Wenzhou, leveraging local resources and state-owned enterprise advantages to develop near and far sea projects [3] Group 4: International Business Growth - The company has seen over 100% year-on-year growth in overseas bidding capacity, achieving breakthroughs in markets such as the Middle East and North Africa, and plans to accelerate global strategic expansion [4] Group 5: Renewable Energy Station Performance - In the first half of 2025, the company secured new renewable energy project approvals/registrations totaling 605.98 MW, with a cumulative grid-connected capacity of 1,203.11 MW by the end of June 2025 [4] - The company achieved a revenue of 224 million CNY from power generation in the first half of 2025, reflecting a year-on-year growth of 31.08% [4]

Group 1: Energy Storage - The price of large storage battery cells continues to rise, indicating strong downstream demand for energy storage [1][4] - Global large storage bidding data remains robust, with urgent energy storage needs in the US PJM grid [4] - Domestic policies are emerging to support the growth of the independent energy storage market, while European gas price increases are boosting household storage demand [1][4] Group 2: Photovoltaics - The prices of silicon wafers and battery cells have continued to rise, while module prices remain stable [2] - Strong overseas market demand is providing significant support for battery cell prices, which in turn drives the upstream price trends [2] - Overseas orders and policy environments are the main drivers supporting the photovoltaic industry chain [2] Group 3: Wind Power - The domestic offshore wind power sector continues to show high activity, with new projects being initiated [3] - Recent developments include the construction of a 500MW offshore wind project in Hainan and the approval of another 500MW project in Yangjiang [3] Group 4: Electric Vehicles - Multiple ministries have issued a "three-year doubling" plan for charging facilities, indicating strong government support for the electric vehicle sector [6] - The sales of heavy-duty trucks in September saw a year-on-year increase of nearly 80%, exceeding expectations [6] - Recommendations include focusing on stable profit segments within the battery and structural components sectors, as well as long-term attention to materials benefiting from solid-state battery advancements [6] Group 5: Robotics and Hydrogen Energy - A strategic partnership has been established between Zhaofeng and German company Neura, with significant orders being delivered [7] - The hydrogen energy sector is experiencing positive development, with national support for new technology research and a focus on green methanol projects [7] - The overall hydrogen industry is accelerating, with a focus on hydrogen production, storage, and applications [7]