在葛洲坝二江电站机组进水口坝面，工程师轻点屏幕，500多吨的门机随即自动启动，像这样的新科 技，正不断涌现在葛洲坝安全平稳运行的每一处角落，书写着"万里长江第一坝"智慧重生的崭新答卷。 来源：人民网-科普中国 【编者按】千万IP创科普，共筑科技强国梦。为普及科学知识，弘扬科学精神，提高全民科学文化素 质，助力实现高水平科技自立自强，中国科协科普部与人民网联合策划推出"见证科技之路"主题报道， 聚焦国家科技战略政策、重要科技奖项、"卡脖子"关键核心技术等，深入基层一线开展采访调研，推出 一批生动鲜活的科普精品，大力弘扬科学家精神，为建设科技强国汇聚磅礴力量。 0:00 ...

据新华社成都12月27日电（记者薛晨）27日，我国在建海拔最高双曲拱坝电站——叶巴滩水电站首批机 组正式投产发电，为构建新型能源体系和能源强国建设再添新动能。 叶巴滩水电站位于四川省甘孜藏族自治州白玉县与西藏自治区昌都市贡觉县交界的金沙江干流上，是国 家"十四五"规划重大工程。叶巴滩水电站总装机容量224万千瓦，是金沙江上游川藏段装机容量最大的 水电站。叶巴滩水电站最大坝高217米，具有高寒、高海拔、特高拱坝、高地应力、高埋深、大跨度地 下厂房等"五高一大"基本特征。此次首批投产发电的机组为4号和3号机组，实现"一月双投"。 据悉，项目全容量投产后，平均年发电量超102亿千瓦时，每年可节约标准煤约310万吨，减少二氧化碳 排放超830万吨。 ...

Core Viewpoint - In 2025, China's energy sector continues to set records, showcasing significant advancements in both traditional and renewable energy, as well as in high-end equipment and system integration, highlighting the country's innovative efforts in energy security and green transformation [1]. Group 1: Major Breakthroughs in Energy Sector - On February 20, China National Petroleum Corporation announced the successful drilling of the country's first over 10,000-meter deep exploration well, the Shendi Takou 1 well, reaching a depth of 10,910 meters, marking it as the deepest vertical well in Asia and the second in the world [1]. - On May 8, the "Longdong to Shandong ±800 kV UHVDC Project," China's first large-scale integrated energy base for wind, solar, thermal, and storage, was completed, capable of delivering 36 billion kWh of electricity annually from Gansu to Shandong [2]. - On July 2, the world's largest 500 MW high-head impulse turbine core component was officially launched, indicating China's transition from following to leading in high-end hydropower equipment [2]. Group 2: Advancements in Green Energy - In July, the first phase of the world's largest green hydrogen ammonia project, with a capacity of 320,000 tons, was completed at the Zero Carbon Hydrogen Industry Park in Chifeng, marking a shift from demonstration to large-scale commercial operation in China's green hydrogen ammonia industry [3]. - On July 12, the "Guo Uranium No. 1" demonstration project in Ordos, Inner Mongolia, produced its first barrel of uranium, becoming the largest and most advanced natural uranium production base in China [3]. Group 3: Innovations in Energy Infrastructure - On August 22, the world's first 100 MW heavy-duty truck supercharging station was put into operation in Sichuan, designed to serve 700 trucks daily and reduce charging time to 15 minutes, improving efficiency by four times compared to traditional methods [4]. - On November 28, the first 1500-degree Celsius single-shaft heavy-duty gas turbine project was fully operational in Chongqing, filling a gap in China's F-class improved single-shaft heavy-duty gas turbine technology [4]. Group 4: Storage and Renewable Energy Projects - On December 1, the world's first 6 MWh long-duration energy storage prefabricated cabin, equipped with a thousand amp-hour battery cell, was prepared for shipment overseas, indicating China's capability for large-scale application in lithium battery long-duration energy storage systems [6]. - On December 6, the largest grid-type energy storage project in China, with a total investment of 2.5 billion yuan and a capacity of 1 GW/4 GWh, was officially put into operation in Inner Mongolia [7]. - On December 15, the 800 MW offshore wind power project in Jiangsu, operated by the Three Gorges Corporation, was fully connected to the grid, setting a record for the farthest offshore distance at 85.5 kilometers [7]. - On December 16, the first mass-produced green methanol project in Guangdong was launched, utilizing local agricultural and forestry waste, achieving an annual production of 50,000 tons with a carbon reduction rate of over 85% [7]. - On December 25, the largest pumped storage power station in China, with a total investment exceeding 10 billion yuan and a capacity of 1.7 million kilowatts, had its first unit connected to the grid, marking a significant breakthrough in hydropower equipment and engineering construction [9].

Group 1: Technological Breakthroughs - China has achieved a world record in superconducting electric magnetic levitation, accelerating a test vehicle weighing tons to 700 km/h in just two seconds, marking the fastest speed for this type of platform globally [1] - The world's first methanol dual-fuel intelligent super-large oil tanker, "Kai Tuo," has been successfully delivered, featuring a length of approximately 333 meters and a capacity to carry about 2.1 million barrels of crude oil [2] - The first near-zero carbon steel production line in China has been fully connected, capable of reducing carbon emissions by over 3.14 million tons annually, equivalent to reforesting 2,000 square kilometers [3] Group 2: Energy and Infrastructure Developments - China's largest offshore oil field, Bohai Oilfield, is projected to produce over 40 million tons of oil and gas equivalent by 2025, providing a solid guarantee for national energy security [6] - The "Linglong No. 1," the world's first land-based commercial modular small reactor, successfully completed its non-nuclear commissioning test, laying a solid foundation for future nuclear operations [8] - The first unit of China's largest pumped storage power station has been connected to the grid, marking a significant breakthrough in hydropower equipment and engineering [13] Group 3: Transportation Expansion - Multiple high-speed rail lines have been opened, including the Guangzhou-Zhanjiang high-speed rail, which can reach Zhanjiang in as little as 1 hour and 32 minutes [20] - The Shantou-Shantou South high-speed rail has officially commenced operations, with a total length of 162 kilometers and a design speed of 350 km/h [21] - The Baotou-Yinchuan high-speed rail has achieved full operation, bringing high-speed rail access to Inner Mongolia [23] - The Xi'an to Yan'an high-speed railway has been opened, contributing to a total high-speed rail network exceeding 50,000 kilometers [24] - The Wuhan to Yichang section of the Huhangyu Railway has been opened, enhancing rapid passenger transport in the Jianghan Plain and western Hubei [25] - The Hangzhou to Quzhou high-speed rail has been opened, adding a new artery to the Yangtze River Delta intercity rapid transit network [26] - The Ankang to Lanhua Expressway has been completed, becoming an important inter-provincial passage between Shaanxi and Chongqing [27] - The world's longest highway tunnel, the Tianshan Victory Tunnel, has been opened, significantly reducing travel time between Urumqi and Korla [28] - The Cangzhou-Zhao Expressway has been officially opened, ending reliance on ferry transport for over 10,000 residents [29] - The Guiyang to Beihai Expressway has been opened, providing a new north-south route to the Beibu Gulf [30] - The first "6-lane to 12-lane" expressway expansion project in China has been completed, enhancing the capacity of the Jing-Tai Expressway [31]

Group 1: Major Asset Restructuring - The company is acquiring a 63% stake in Wuling Power from China Power International Development and a 37% stake from Hunan Xiangtou International Investment, along with a 64.93% stake in Guangxi Changzhou Hydropower from Guangxi Power [2] - The restructuring aims to focus on the main business of Wuling Power, which involves investment and management of hydropower stations in specific river basins and regions [3] - A pre-restructuring transaction was implemented to enhance the efficiency of the acquisition and increase the concentration of shareholding post-transaction [3] Group 2: Progress and Compliance - As of the announcement date, the company has completed the necessary business registration changes for 5 divested assets and 36 acquired assets [4] - The company has received commitments from relevant parties to protect the interests of minority shareholders during the transaction process [5] - The reasons for the delay in completing business registration for certain divested companies are outlined, with no significant adverse impact expected on the company's financial status [8] Group 3: Future Measures - The company, along with China Power and Wuling New Energy, will take all legal measures to expedite the completion of business registration for the divested assets [9] Group 4: Leadership Changes - The chairman of the company, Chen Bin, has resigned due to work changes but will continue to serve as a board member and on various committees [12] - The resignation will not affect the normal operations of the company, and the process for electing a new chairman will be conducted according to company regulations [13]

Automotive Industry - The 2026 strategy focuses on new growth directions such as robotics, AI liquid cooling, and National VI emissions standards, emphasizing a shift from breadth to depth in the robotics sector, targeting companies with strong certainty in market share and benefiting from new technological changes [6][7] - The AI liquid cooling market is projected to grow from billions to hundreds of billions, with significant opportunities for companies in the Pearl River Delta and Yangtze River Delta regions that can capture orders from Taiwanese manufacturers [7] - The National VI emissions standards are expected to create a market space exceeding 200 billion yuan from 2027 to 2030, with a focus on leading companies with strong technological capabilities in the after-treatment sector [8][9] Media and Entertainment Industry - The upcoming holiday season is anticipated to boost daily active users (DAU) and revenue for major products like "Delta Action" and "Supernatural Action Group," with a consensus forming around this expectation [10][11] - New product launches and updates in the gaming and film sectors are expected to create trading opportunities, with recommendations for companies like Tencent Holdings and Giant Network, which have significant growth potential [10][12] - The film "Fast Life 3" is scheduled for release during the 2026 Spring Festival, and "Chinese Tales 2" will be exclusively available on Bilibili starting New Year's Day, indicating strong content updates in the industry [11] Precious Metals - Gold and silver prices have been rising, driven by factors such as potential changes in U.S. Federal Reserve leadership and strong economic performance, with gold prices expected to continue rising due to supportive monetary policies [20][21][23] - The gold price reached 4,449.40 USD per ounce, while silver rose to 69.74 USD per ounce, indicating strong upward momentum in the precious metals market [20][21] - The ongoing demand for gold is supported by central banks increasing their reserves, with China's gold reserves reaching 74.12 million ounces by the end of November 2025 [24] Non-Ferrous Metals - Copper prices have surged to historical highs, with LME copper exceeding 12,000 USD per ton, driven by supply constraints and potential strikes in Chilean copper mines [25][26] - The supply-demand balance for copper is shifting towards a shortage due to insufficient capital expenditure in mining and frequent supply disruptions, suggesting a bullish outlook for copper prices [25][26] - Lithium demand remains strong, with lithium carbonate prices rising significantly, indicating a favorable market environment for lithium-related companies [27][28] North Exchange - The North Exchange is expected to have 26 companies listed by the end of 2025, with a notable average first-day gain of 348% for new stocks, highlighting a vibrant market for new listings [31][32] - The exchange is in a phase of high-quality expansion, with a focus on companies that possess scarcity and high barriers to entry, suggesting potential investment opportunities in these firms [31][32]

Group 1 - The construction of the 1000-ton navigation facility project at the Longtan Hydropower Station by China Datang has commenced on December 26 [1] - The total construction period is 5 years and 9 months, with an expected completion date of September 2031, when it will be ready for water debugging and trial navigation [1] - Upon completion, the project will eliminate the last obstacle for navigation on the Hongshui River cascade, providing an efficient, green, and economical waterway for the southwestern region to access the sea directly [1]

Group 1 - The company plans to construct a 1000-ton navigation structure at the Longtan Hydropower Station with a total investment of approximately 5.35 billion yuan, of which the company will contribute 2.43 billion yuan and the remaining funds will be raised by Guizhou Province [1] - The construction period is set for 69 months, with an average annual capital expenditure of 190 million yuan, and the project is expected to start by the end of December 2025 and complete water debugging by September 2031 [1] - The company has an average operating cash flow of 5.18 billion yuan and an average investment cash flow of 3.03 billion yuan over the past five years, indicating that the financial impact of the new project will be minimal [1] Group 2 - The commencement of the navigation project will not affect the company's operational decisions and is expected to promote economic development in the southwestern region [2] - The company had previously planned for a 500-ton navigation project when it acquired Longtan Company in 2015, and the new 1000-ton project does not significantly increase the company's financial burden [2] - The construction of the navigation structure is anticipated to improve investment conditions along the river and optimize the transportation system in Guizhou Province [2] Group 3 - In the first three quarters, the company's hydropower generation reached 28.2 billion kWh, a year-on-year increase of 22%, contributing to a 12% growth in net profit attributable to shareholders [3] - The company maintains a dividend policy with a payout of 0.2 yuan per share from 2022 to 2024, with dividend ratios of 49.13%, 128.59%, and 71% respectively, indicating a strong commitment to shareholder returns [3] - The projected net profits for 2025-2027 are estimated at 2.8 billion, 3.0 billion, and 3.2 billion yuan, with corresponding PE ratios of 21, 19, and 18 times, suggesting long-term investment value in the hydropower sector [3]

每经AI快讯，华源证券12月28日发布研报称，给予桂冠电力（600236.SH，最新价：7.3元）"买入"评 级。评级理由主要包括：1）69月建设期，年均权益资本开支1.9亿；2）航道开工不影响公司经营决 策，促进西南地区经济发展；3）前三季度水电电量大增奠定全年业绩基础，看好公司水电长期价值。 风险提示：来水波动，电价不及预期，火电煤价上涨。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经头条（nbdtoutiao）——涨疯了！黄金、铂金、白银通通创历史新高，美元大贬值！专家：美联储 独立性遭干预引发危机；前美联储理事：大幅降息重启房地产市场 （记者 王瀚黎） ...

Group 1: Agricultural Sector - The national autumn grain purchase has exceeded 200 million tons, an increase of 32 million tons year-on-year, marking a record high for this period in recent years [2] - As the New Year and Spring Festival consumption peaks approach, autumn grain purchasing, storage, and processing are at their peak, with a focus on ensuring farmers' income through market-oriented purchases and policy reserves [4] - The purchase of major autumn grain varieties includes 48 million tons of medium and late indica rice, 35 million tons of japonica rice, 117 million tons of corn, and 8 million tons of soybeans, with the market operating smoothly [4] Group 2: Industrial Sector - From January to November, profits of large-scale industrial enterprises reached 66,268.6 billion yuan, a year-on-year increase of 0.1%, while operating income grew by 1.6% to 125.34 trillion yuan [11] - The profit growth of large-scale high-tech manufacturing industries increased by 10.0%, accelerating by 2.0 percentage points compared to the previous month, indicating a strong performance in new momentum industries [11] - The electronic equipment manufacturing sector saw a significant profit increase of 57.4%, driven by advancements in artificial intelligence and related technologies [13] Group 3: Energy Sector - The Yebatan Hydropower Station, the highest arch dam under construction in China, has officially begun generating power with its first two units, marking significant progress in the integrated development of water, wind, and solar energy in the upper reaches of the Jinsha River [17][19] - The Yebatan Hydropower Station has a total installed capacity of 2.24 million kilowatts and features unique characteristics such as high altitude and high stress, contributing valuable construction technology for similar projects in high-altitude regions [21][22] - The underground powerhouse of the hydropower station is located 480 meters deep, with a length of 268 meters and a height of 74 meters, showcasing advanced engineering capabilities [24]