威力传动（300904）公告，公司拟向不超过35名特定对象发行A股股票，募集资金总额不超过6亿元(含 本数)，扣除发行费用后将用于投资风电增速器智慧工厂(一期)项目(拟投入50,000.00万元)及补充流动资 金(拟投入10,000.00万元)。本次发行的定价基准日为发行期首日，发行价格不低于定价基准日前20个交 易日公司股票交易均价的80%。本次发行对象为不超过35名特定投资者，包括证券投资基金管理公司、 证券公司、信托公司、财务公司、保险机构投资者等。本次发行不构成重大资产重组，亦不会导致公司 股权分布不具备上市条件。本次发行尚需提交股东会审议通过、深圳证券交易所审核通过并经中国证监 会同意注册后方可实施。 ...

惠天热电（000692）公告，公司根据沈阳市发展和改革委员会发布的《沈阳市2025年第二批140万千瓦 风电项目竞争性配置公告》参与了风电项目竞争性配置工作。2025年7月15日，沈阳市发展和改革委员 会网站上发布了《关于沈阳市2025年第二批140万千瓦风电项目竞争性配置结果的公示》，推荐公司为 70万千瓦风电项目业主。公示期为2025年7月15日至2025年7月17日。公司若获得竞争性配置70万千瓦业 主资格，将符合热电项目投资政策要求，有利于公司优化产业布局和高质量发展。 ...

行家说储能 远景能源高级副总裁、国际产品线总裁徐刚表示： "此次合作是远景在澳大利亚市场迈出的重要一步。风储联动一体化解决方案是提升电力系统灵活性与稳 定性的关键路径。" 据行家说储能不完全统计，上半年远景能源对外公布的储能订单共计 6 起（不计入中标），范围覆盖全球市场，总容量规模达 2.18GWh 。本次协议也是远 景能源今年公示案例中，首次与澳大利亚市场的合作订单。 昨日，行家说储能报道了 "中澳"背后的储能机遇（ 点这里 ）。今日，远景能源官宣了与澳大利亚可再生能源企业 FERA Australia 签署1GW风电和 1.5GWh 的储能合作订单。 ▋ 首例？澳大利亚"风储联动"合作框架达成 据悉，此次合作是远景能源参与 "澳大利亚风能大会" 期间，与 FERA Australia 签署 的合作。 合作协议指出，未来双方将 在 澳大利亚国家电力市场（ NEM ）联合开发大型混合可再生能源项目 ，项目目标总装机容量为 1GW 风电及 1.5GWh 储能。 本次项目解决方案涵盖了风力发电机组、集装箱式储能系统、构网型储能功率变换系统（ PCS ）以及远景自主研发的混合电站控制器（ HPPC ），可为混 合 ...

工厂运维是保障生产连续性的关键环节，传统运维模式依赖人工巡检和经验判断，难以应对复杂设备的精细化管理需求。数字孪生技术与工业互联网的深度 融合，为工厂运维带来了革命性变革，通过构建设备全生命周期的数字镜像，结合实时数据传输与智能分析，实现了运维模式从被动响应向主动预防的转 变，大幅提升了工厂运维效率和设备可靠性。 设备状态的实时感知是智能运维的基础。工业互联网在工厂设备上部署的振动、温度、压力等各类传感器，如同为设备装上 "神经末梢"，持续采集运行参 数并传输至数字孪生系统。数字孪生模型则将这些数据转化为直观的设备状态图谱，运维人员无需到现场即可通过虚拟场景掌握设备运行状况。某化工厂的 反应釜设备通过这种方式，实时将搅拌电机转速、釜内温度等数据传输至数字孪生模型，当发现电机振动频率异常时，系统自动在虚拟模型中标记预警区 域，运维人员结合模型分析的历史数据趋势，判断为轴承磨损前兆，提前安排更换，避免了非计划停机，设备故障检出率提升至 95% 以上。 预测性维护是智能运维的核心价值所在。数字孪生系统通过工业互联网获取设备全生命周期的运行数据，结合机理模型和机器学习算法，构建设备健康评估 模型，能够精准预测设备故障 ...

Group 1 - The report emphasizes the solid global dominance of the rare earth industry, highlighting growth opportunities in high-end applications, particularly in sectors like new energy vehicles, wind power, and industrial robots [5][6][10] - The report outlines strict mining and smelting quotas in China, with the first batch of rare earth quotas for 2025 expected to remain stable or slightly increase, indicating no comprehensive relaxation of controls [5][6] - Export controls are tightening, particularly for heavy rare earths, which may lead to increased demand for domestic resources and support for leading companies in the industry [6][10] Group 2 - The report notes that the tightening of export controls on medium and heavy rare earths is expected to pressure downstream supply, with potential instability in imports from Myanmar [8] - It highlights the dual driving forces of new energy and high-end manufacturing, with a focus on increasing the export share of high-end permanent magnets while reducing low-value product exports [8][11] - The report suggests that leading companies may receive policy support for priority mining, which could alleviate the current shortage of rare earth resources [6][10] Group 3 - The report discusses the impact of U.S. inflation data, indicating that the June 2025 CPI data aligns with expectations, with a year-on-year increase of 2.7% and a core CPI of 2.9% [12][13] - It highlights that inflation is influenced by rising energy prices, tariff transmission, and expectations from new fiscal policies, which may lead to increased "stagflation" risks in the U.S. economy [13][16] - The report indicates that the core service inflation remains stable, primarily affected by the housing market, while other core services like medical and transportation show moderate increases [15][16] Group 4 - The report provides insights into the A-share market, noting a slight decline in the Shanghai Composite Index, with a closing value of 3503 points, indicating a mixed market performance [20][21] - It mentions that the chemical pharmaceutical sector showed the highest increase among industry sectors, while energy metals and steel sectors faced declines [22][23] - The report emphasizes the importance of monitoring key support levels in the index, particularly the 10-day moving average, to gauge short-term market trends [20][21]

Core Insights - The central government emphasizes the strategic importance of the marine economy, aiming for a total marine production value exceeding 10 trillion yuan in 2024, reflecting a year-on-year growth of 5.9% [1][2] - The emerging marine industry is projected to account for 24.4% of the main marine industry value added in 2024, with a compound annual growth rate (CAGR) of 9.0% over the past five years [1][4] Group 1: Marine Economic Development - The Central Financial Committee's sixth meeting highlights the need for high-quality development of the marine economy, reinforcing its strategic position following the inclusion of "deep-sea technology" in the new productive forces category [1][3] - The marine economy's total production value is expected to reach 10,543.8 billion yuan in 2024, contributing 7.8% to the national GDP, with significant growth in marine shipbuilding and marine power sectors, both exceeding 14% [2] Group 2: Policy Support and Regional Development - Policies are being implemented to support emerging marine industries, with a focus on enhancing marine strategic technology and promoting regional coordinated development through the establishment of high-quality marine economic demonstration zones [3][5] - The three major marine economic circles in China are the Bohai Rim, Yangtze River Delta, and South China Sea, each contributing to regional development through their unique advantages and integration strategies [5] Group 3: Emerging Marine Industries - The emerging marine industry's value added is expected to grow significantly, with marine power and shipbuilding sectors showing CAGRs of 19.7% and 12.8% respectively over the past five years, indicating strong market potential [4] - The offshore wind power market is projected to reach an installed capacity of 70.2 GW in 2024, with a year-on-year increase of 13.6%, and forecasts suggest a substantial increase to 389.3 GW by 2035 [4]

Core Viewpoints - The market is expected to experience limited short-term fluctuations, with a focus on upcoming important meetings and policy directions for investment opportunities [1][9] - The overall market sentiment remains cautious, with a slight decline in major indices and a decrease in trading volume, indicating reduced willingness for new capital inflows [1][6] Market Overview - On July 16, the major indices showed slight declines, with trading volume decreasing to just above 1.4 trillion yuan, down from over 1.7 trillion yuan on July 11, suggesting a weakening interest from new investors [1][9] - The market is currently in a phase of sector rotation, with the previously leading low-valuation dividend sectors showing signs of fatigue, which is limiting upward movement in indices [1][5] Key Focus Areas - The upcoming important meetings are anticipated to emphasize increased macroeconomic policy adjustments, with potential funding directed towards infrastructure, especially new infrastructure projects [2][9] - Monetary policy may involve a comprehensive use of tools to maintain reasonable liquidity and guide funds towards key sectors, particularly small and medium-sized enterprises [2][9] Investment Opportunities - Investors are advised to consider the following sectors for potential investment: 1. **Technology Innovation**: Focus on robotics, AI, semiconductors, and digital economy sectors, while being cautious of high valuations and speculative investments [2][10] 2. **Anti-Competition Sectors**: Including solar energy, batteries, energy storage, new energy vehicles, construction materials, coal, steel, and non-ferrous metals [2][10] 3. **Consumer Upgrade and Policy Beneficiaries**: Such as innovative pharmaceuticals, consumer healthcare, smart home devices, and cross-border e-commerce [2][10] 4. **Exceeding Mid-Year Performance Expectations**: While there have been opportunities in companies exceeding mid-year performance expectations, the momentum for such stocks may diminish as earnings forecasts become public [3][10] Sector Performance - The pharmaceutical sector has shown significant growth, particularly in innovative drugs, with expectations for continued improvement in the second half of 2025 due to favorable market conditions and demographic trends [7][8] - The robotics industry has also experienced substantial growth, with a reported increase in sales and production, supported by government policies and technological advancements [8][9]

威力传动（300904）（300904）7月16日晚间发布公告，公司总裁辞职。 近年来威力传动业绩逐年下滑，于去年由盈转亏。 数据显示，2022年至2024年，威力传动营收分别为6.191亿元、5.532亿元、3.452亿元，期间降幅分别为 10.65%、37.60%；净利润则分别为6826万元、4120万元、-2955万元，期间降幅为39.64%、171.72%。 截至公告披露日，常晓薇未直接持有公司股票，通过公司2024年员工持股计划间接持有公司股份14,300 股，占公司总股本的0.0198%，不存在应当履行而未履行的承诺事项。 同日晚间，威力传动还公布了另一份人事变动公告，公司7月16日召开职工代表大会2025年第一次会 议，选举陈永宁为公司第三届董事会职工董事，任期自本次职工代表大会通过之日起至第三届董事会届 满之日止。 简历显示，陈永宁，女，1984年11月出生，中国国籍，无境外永久居留权，本科学历，助理经济师、中 级人力资源管理师。历任宁夏青龙管业（002457）股份有限公司人力资源岗；公司人力资源主管、综合 管理部副部长、部长；公司职工监事、监事会主席；现任公司总裁助理兼总裁办公室主任。 截至 ...

"链主"山能新能源集团牵头，全国领先的风电装备产业集群加速成型—— 把捕风发电的高手聚起来 7月14日，东营广利港区风电专用码头，百米长的风机叶片正静待吊装。不久前，双瑞风电东营基地首 支108米8兆瓦海上风机叶片成功下线，从生产到交付仅用了8天。 不断刷新的山东风电装备制造速度背后，一个全国规模最大、链条最长、配套最全的风电装备产业集群 正加速成型。 风电装备是山东新能源装备标志性产业链的细分产业链之一。山东海上风电产业链"链主"——山东能源 新能源集团有这样一份答卷：渤中海上风电G场址一期项目一次性全容量并网，不仅在国内首次大范 围、规模化示范应用直径252米风机叶轮，还实现了风电机组、塔筒、桩基东营本地化率90%以上。海 上"大风车"转出新"风"景。 占地22.4平方公里的东营海上风电装备产业园里，有一张清晰的产业链协同图。落地的35个产业链项 目，涵盖了从叶片、主轴、塔筒到风机主机的完备产业链上下游企业。 一个项目带动一条产业链。2021年，山东能源新能源集团取得了渤中海上风电基地主导开发权，一年后 便在渤中海上风电A场址建起山东首个平价海上风电项目。推进规模化开发进程中，其依托山东风电资 源富集的优 ...

Q&A 反内卷&红利共振下的港股机遇 20250716 摘要 反内卷政策对港股硅料及光伏标的产生影响，市场对价格上涨持怀疑态 度，但若收储方案落实并形成新产能周期，将利好价格。协鑫科技、新 特能源股价受硅料、硅片价格上涨驱动。 光伏需求与供给关系复杂，需考虑用电量增速、电价周期及政策因素。 2026 年需求或面临压力，但用电量增速若达 5%以上，仍可保障 200GW 以上装机容量。电价预计 2026 年下半年上行。 短期关注政策节奏及收储方案落地对捷成科技、新特能源的催化作用。 新技术如钙钛矿值得关注，风电竞整体逻辑亦可关注，去年轮动规律为 风电竞到光伏再到锂电竞。 港股绿电板块受益于政策上涨，火电板块因动力煤价下行，Q2 业绩预 期上调。华能国际、华电国际等港股火电运营商进入上涨周期，股息率 具吸引力。 华能国际预计 2025 年 Q2 业绩 35 亿，同比增长 20%，火电、绿电、 海外业务分别贡献 11 亿、20 亿、5 亿。华润国际预计 20 亿，同比增 长 47%，绿电、火电分别贡献 11 亿、9 亿。 在当前反内卷和红利共振的背景下，港股电力设备板块和电芯板块的发展机遇 如何？ 在当前反内卷和红利 ...