Core Insights - The latest round of state-owned enterprise (SOE) reforms has shown significant progress, with core functions and competitiveness of SOEs being enhanced [1] - The focus on innovation and R&D has led to a continuous increase in funding, with central enterprises' R&D expenditure averaging a growth of 6.5% annually since the 14th Five-Year Plan, and basic research investment growing by 19% annually [2] - The restructuring of state-owned assets is a key focus, with strategic mergers and the establishment of new central enterprises aimed at enhancing the role of state-owned economy in modern industrial systems [4] Group 1: Innovation and R&D - Central enterprises have seen R&D funding exceed 1 trillion yuan for three consecutive years from 2022 to 2024, indicating a strong commitment to innovation [2] - The establishment of 134 pilot platforms for external testing and verification across 16 key industries demonstrates a proactive approach to bridging technology and product development [2] - The continuous improvement of R&D expenditure accounting and evaluation systems reflects a commitment to optimizing R&D investment efficiency [2] Group 2: Corporate Governance and Management - The integration of party leadership into corporate governance has been enhanced, leading to more scientific and efficient board operations [3] - The implementation of performance-based management practices has become common, with 6% of central enterprise management personnel being adjusted or removed due to performance issues [3] - The market-oriented operational mechanisms have been strengthened, improving resource utilization and management efficiency within SOEs [3] Group 3: Structural Adjustment - The restructuring of state-owned assets is crucial for accelerating the transformation of growth drivers and supporting the development of a modern industrial system [4] - New central enterprises, such as China Chang'an Automobile Group, have been established, and 116 strategic mergers have been initiated to bolster key industries [4] - By 2025, central enterprises are expected to generate over 1.1 trillion yuan in revenue from strategic emerging industries, highlighting a shift towards new productive forces [4] Group 4: Regulatory Enhancements - The effectiveness of state asset supervision has been improved through the establishment of a matrix-style regulatory model that balances object and behavior supervision [6] - The implementation of smart regulatory platforms in regions like Zhejiang has enhanced oversight capabilities, integrating AI for risk identification and management [7] - The ongoing reforms aim to deepen and solidify the achievements made, with a focus on continuous improvement in regulatory practices [7]

本报记者 杜雨萌 1月9日，国务院国资委召开国有企业改革深化提升行动（以下简称"深化提升行动"）经验交流会。《证券日报》记者在交 流会现场获悉，为期三年的深化提升行动主体任务已基本完成，国有企业在布局结构、科技创新、公司治理、监管机制等方面 均取得一定成绩。 国务院国资委党委委员、副主任李镇在会上表示，过去三年，中央企业开展一系列专业化整合，着力推动产业向重点领 域、优势赛道集中。例如，中国石油、南方电网整合涉及资产规模超千亿元；华润集团完成康佳集团专业化整合；中国五矿重 组设立我国最大的钾盐企业等。另外，各地围绕发展支柱性实体产业板块，开展了116组战略性重组，涉及一级企业229户。 研发投入强度的增长离不开科技创新体制机制的持续优化。李镇称，不少地方和中央企业出台了原始创新长周期激励和创 新免责制度。 中国华能有关部门负责人也告诉《证券日报》记者，目前，中国华能构建了基于"揭榜挂帅"全过程的科研管理和人才选用 机制，科学设定16项考核指标，基于科研规律构建权责对等的动态纠偏与容错机制，明确9类可容错免责或减责情形和5类不予 免责情形，为"揭榜挂帅"者大胆创新减负"撑腰"。 为加快推动科技创新和产业创新融合 ...

格隆汇1月9日丨大连热电(600719.SH)公布，经大连热电股份有限公司财务部门初步测算，预计2025年 度归属于上市公司股东的净利润为负值，公司2025年年度经营业绩将出现亏损。公司将严格遵循《上海 证券交易所股票上市规则》等相关规定，加快推进财务核算工作，尽快披露2025年年度业绩预告。最终 财务数据以公司正式披露的2025年年度报告为准。 ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fermi To Contact Him Directly To Discuss Their Options If you purchased or otherwise acquired securities in Fermi (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s October 2025 initial public offering (“IPO” or the “Offering”); and/or (b) securities between October 1, 2025 ...

南非新闻24小时网站1月7日报道，南非国家能源监管机构(Nersa)发布了新电网接入规则，旨在防止企业 为投机性项目垄断稀缺的电网容量。Nersa于2025年12月底在政府公报上发布了《电网容量分配规 则》，该规则立即生效。简言之，项目开发商需要提供更多证据，证明他们对项目认真负责，并已投入 必要的工作以确保项目能够按计划进行，才能获得电网接入。这些规则旨在遏制所谓的"电网霸占"现 象，即电网接入资源被预留给那些在项目上进展甚微甚至毫无进展的发电企业。此后，电网接入将只保 留给那些能够证明其已完成项目关键里程碑的开发商，包括获得财务担保、获得环境许可，以及已向 Nersa申请或已获得发电许可证。一旦达到这些里程碑，开发商就必须提交详细的定价和技术方案。只 有在网络服务提供商接受该报价且双方达成具有约束力的协议后，才会将电网接入分配给开发商。 ...

埃伯哈德指出，将输电资产留在Eskom体系内，将削弱竞争性发电商和交易商公平、透明接入电网和电 力市场的能力，也不符合《电力监管法》修订案中设立独立输电系统运营商(TSO)的初衷。他强调，输 电网络扩张需要大量资金，而高度负债的Eskom难以吸引资本。独立输电公司拥有稳定、受监管的收 入，更有利于获得机构投资者支持和低成本融资。若不彻底实现输电独立，南非推进电力市场开放和竞 争的改革成果将被削弱，并最终导致发电能力不足、限电卷土重来。他呼吁总统府介入，推动输电资产 从Eskom体系中剥离，成立真正独立的输电运营机构。 《MyBroadband》1月7日报道，南非开普敦大学"电力未来实验室"名誉教授安东.埃伯哈德(Anton Eberhard)警告称，如果南非国家电力公司(Eskom)在拆分改革后仍保留输电资产，未来数年新增发电能 力将不足，南非可能再次出现限电。 埃伯哈德的担忧针对电力与能源部长洛西恩佐.拉莫豪帕(Kgosientsho Ramokgopa)公布的最新改革方案。 该方案继续将Eskom划分为发电、输电和配电三大板块，但仍置于同一控股公司之下，而非此前预期的 完全独立。 ...

（编辑 丛可心） 证券日报网讯 1月9日，中国能建在互动平台回答投资者提问时表示，数据中心电力保障是行业重要课 题，公司依托自身能源全产业链优势，积极探索并布局绿色电力供应解决方案，助力AI产业可持续发 展。 ...

证券日报网讯 1月9日，长源电力在互动平台回答投资者提问时表示，公司作为央企控股的上市公司平 台，自2000年上市以来，公司始终秉持可持续健康发展理念，借助资本市场提升公司核心竞争力和支持 国家能源建设，并通过持续发展积极回报股东。未来，公司将主动融入新型能源体系及新型电力系统构 建，发力传统产业转型升级和战新产业规模质量发展，合理实施煤电机组改造升级，优先发展风电，择 优开发光伏，探索发展新型储能，巩固拓展综合能源服务，提升核心竞争力，推动公司健康可持续高质 量发展。同时，公司将积极响应证监会和国资委关于市值管理的工作部署，并将着力从提升经营业绩、 提升分红比例、提升信息披露质量、提升ESG工作能力、提升投资者关系管理水平、提升公司治理能力 等多方面推进市值管理工作，维护投资者及股东权益。 （文章来源：证券日报） ...

证券日报网讯1月9日，粤电力A在互动平台回答投资者提问时表示，股价波动与多种因素有关，敬请理 性看待。公司依法合规进行信息披露，连续12年获得A级评价。公司持续关注市场表现，将在做强做优 做大主业的基础上，适时合理运用各种手段，积极提升市值管理水平，欢迎投资者提出建设性意见。 ...

Core Viewpoint - The company has completed the registration and connection of its Nanshan Thermal Power Plant to the Shenzhen Virtual Power Plant Management Center's secondary platform, but it is still in the market cultivation stage and has not yet reached conditions for large-scale commercial operation [1] Group 1 - The company has not applied to the Guangdong Electric Power Trading Center for the opening of virtual power plant-related business due to the current stage of development [1] - The current production and operation of the company are not significantly impacted by the status of the virtual power plant business [1] - The company will continue to monitor the development of the virtual power plant business and will consider launching related operations based on market conditions and strategic planning [1]