Core Viewpoint - Jinko Solar (Haining) Co., Ltd. has applied for a patent related to solar cells and their manufacturing methods, indicating ongoing innovation in the solar energy sector [1] Company Summary - Jinko Solar (Haining) Co., Ltd. was established in 2017 and is located in Jiaxing City, primarily engaged in the production and supply of electricity and heat [1] - The company has a registered capital of 357 million RMB [1] - Jinko Solar (Haining) has participated in 56 bidding projects and holds 700 patent records, along with 72 administrative licenses [1] Industry Summary - The patent application CN120417496A focuses on a solar cell design that includes multiple layers with varying doping concentrations, which may enhance the efficiency of solar energy conversion [1]

Group 1: Company Earnings - PCCW (00008.HK) reported a revenue of HKD 18.922 billion for the first half, a year-on-year increase of 7%, with a net loss of HKD 0.445 billion, narrowing by 4% [1] - Xinyi Solar (00968.HK) recorded a revenue of HKD 10.932 billion, a decrease of 6.5% year-on-year, with a net profit of HKD 0.746 billion, down 58.8% [2] - Xinyi Glass (00868.HK) had a revenue of HKD 9.821 billion, a year-on-year decrease of 9.7%, with a net profit of HKD 1.013 billion, down 59.6% [3] - Xinyi Energy (03868.HK) reported a revenue of HKD 1.21 billion, an increase of 7.7% year-on-year, with a net profit of HKD 0.45 billion, up 23.4% [4] - DTXS Silk Road Investment (02510.HK) issued a profit warning, expecting a mid-term net profit of approximately USD 180-200 million, a year-on-year increase of about 220% to 255% [5] - Lianhua Supermarket (00980.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 25-55 million [6] - Tibet Water Resources (01115.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 36 million, a year-on-year increase of about 300% [7] - Foton Motor (00420.HK) issued a profit warning, expecting a mid-term net profit of HKD 30.7 million, turning from loss to profit [8] - Hong Kong Travel (00308.HK) issued a profit warning, expecting a mid-term net loss exceeding HKD 70 million, turning from profit to loss [9] - Poly Property Group (00119.HK) issued a profit warning, expecting a mid-term net profit to decline by 40%-50% year-on-year [10] - Kefu Shan Group Holdings (08512.HK) issued a profit warning, expecting a mid-term net profit to decrease to approximately HKD 43-47 million [11] - Mobi Development (00947.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 32 million [12] - Changmao Biochemical Engineering (00954.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 24-27 million [13] - Yunyou Holdings (00484.HK) issued a profit warning, expecting a mid-term net loss to increase to approximately HKD 21 million [14] - Weiya Li (00854.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 15-25 million, turning from loss to profit [15] Group 2: Automotive Sales - BYD Company (01211.HK) reported sales of approximately 2.4903 million new energy vehicles in the first seven months, a year-on-year increase of 27.35% [16] - Great Wall Motors (02333.HK) reported total vehicle sales of approximately 674,200 units in the first seven months, a year-on-year increase of 3.57% [17] - Li Auto (02015.HK) delivered 30,731 new vehicles in July [18] - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of approximately 58% [19] Group 3: Company News - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia, with a contract value expected to reach several billion USD [20] - InnoCare Pharma (02577.HK) partnered with NVIDIA to jointly promote the large-scale implementation of 800 VDC power architecture in AI data centers [21] - Zijin Mining (02899.HK) received parliamentary approval for the mining lease of the Akyem gold mine in Ghana, with a total transaction value of USD 1 billion [22] - Codex-B (02487.HK) received approval from the Hong Kong Department of Health for the listing of CU-40102 (topical finasteride spray) for the treatment of androgenetic alopecia [23] - Mixue Group (02097.HK) subscribed to a wealth management product from Pudong Development Bank, involving an investment of HKD 300 million [24] Group 4: Buyback Activities - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of approximately HKD 22.5922 million, with repurchase prices ranging from HKD 112.4 to 114.3 [25] - Vitasoy International (00345.HK) repurchased 1.844 million shares at a cost of approximately HKD 16.89 million, with repurchase prices ranging from HKD 9.14 to 9.17 [26]

金融界2025年8月1日消息，汇添富沪深300安中指数A(000368) 最新净值1.9429元，下跌0.78%。该基金 近1个月收益率4.19%，同类排名724|1620；近3个月收益率8.95%，同类排名883|1541；今年来收益率 3.61%，同类排名1108|1423。 汇添富沪深300安中指数A股票持仓前十占比合计22.91%，分别为：中国神华（3.43%）、长江电力 （3.09%）、贵州茅台（2.90%）、中国石油（2.39%）、中国石化（2.16%）、陕西煤业（2.12%）、中 国电信（1.98%）、中国移动（1.68%）、中兴通讯（1.63%）、新易盛（1.53%）。 公开资料显示，汇添富沪深300安中指数A基金成立于2013年11月6日，截至2025年6月30日，汇添富沪 深300安中指数A规模13.75亿元，基金经理为吴振翔。 简历显示：吴振翔先生:中国国籍,中国科学技术大学管理学博士,中国科学院数学与系统科学院应用数学 专业博士后。曾任长盛基金管理有限公司金融工程研究员、上投摩根基金管理有限公司产品开发高级经 理。2008年3月加入汇添富基金管理股份有限公司,历任产品开发高级经理、数量 ...

近期，长江电力披露其拟出资266亿元建设葛洲坝航运扩能工程，引发中小投资者担忧公司未来业绩及 分红受影响。8月1日，公司方面向记者表示，目前船舶通行葛洲坝是免费的，扩能工程实施后是否会收 费暂时还没有明确。对于项目建设是否可以提高葛洲坝上网电价？公司方面表示，还在争取。(每日经 济新闻) ...

天眼查商业履历信息显示，山西通宝能源股份有限公司，成立于1992年，位于太原市，是一家以从事电 力、热力生产和供应业为主的企业。企业注册资本114650.252万人民币，实缴资本65731.3245万人民 币。公司法定代表人为李鑫。 金融界消息 截至2025年8月1日收盘，通宝能源（600780）报收于6.0元，上涨0.84%，换手率1.12%，成 交量12.83万手，成交金额7712.55万元。 资金流向方面，今日主力资金净流出1570.80万元，占比成交额20.37%。其中，超大单净流出1072.24万 元、占成交额13.9%，大单净流出498.56万元、占成交额6.46%，中单净流出流入913.93万元、占成交额 11.85%，小单净流入656.87万元、占成交额8.52%。 通宝能源最新一期业绩显示，截至2025一季报，公司营业总收入31.17亿元、同比增长9.41%，归属净利 润1.68亿元，同比增长26.21%，扣非净利润1.67亿元，同比增长26.93%，流动比率1.714、速动比率 1.640、资产负债率24.84%。 通过天眼查大数据分析，山西通宝能源股份有限公司共对外投资了15家企业，参与 ...

西南证券8月1日发布研报称，给予华能国际（600011.SH）买入评级。评级理由主要包括：1）煤价低位 对冲电价下降风险，煤电盈利稳步攀升；2）风光建设加速，上网电量高增；3）新加坡/巴基斯坦业绩 同比分别-20.9%/+1.6%。风险提示：煤价电价波动风险，新能源发展不及预期风险。 （文章来源：每日经济新闻） ...

转自：新华财经 据介绍，华电国际公募REITs是中国华电贯彻落实国家"双碳"战略、推动绿色金融创新的重要实践。这一创新实践开辟了清洁能源基础设施资产证券化的新 路径，搭建了社会资本参与绿色投资的新平台，构建了金融支持实体经济的新模式，通过盘活存量资产，为清洁能源基础设施建设注入了源头活水。 项目筹备过程中，华电国际与其浙江区域子企业通力配合，在资产遴选、估值定价、合规证照办理等各个环节精益求精，最终推动项目成功落地。 新华财经北京8月1日电（记者沈寅飞）记者从中国华电获悉，8月1日，华电国际公募REITs项目——华电清洁能源REIT（基金代码：508016）正式登陆上海 证券交易所，标志着我国首单央企天然气发电公募REITs正式进入资本市场。本次发行公募基金5亿份，发行价格3.789元／份，合计募集资金18.945亿元。 上市交易首日，市场反应热烈，盘中一度涨停，全天收涨27.47%。 华电江东项目实景图 值得注意的是，华电国际公募REITs的底层资产华电杭州江东天然气热电联产项目主要设施为2套480.25兆瓦级燃气-蒸汽联合循环热电联产机组，项目已稳 定运营近十年，是浙江电网重要统调电厂和杭州市钱塘区主要电 ...

本报（chinatimes.net.cn）记者李佳佳 李未来 北京报道 近日，华能国际电力股份有限公司（下称"华能国际"，600011.SH）率先发布2025年半年度报告，据 悉，这是电力行业首家披露中报的上市公司。 从财务数据看，华能国际呈现出营收下降但利润大增、现金流大幅改善的态势。公司实现营收1120.32 亿元，同比下降5.7%；归母净利润不降反增，达到92.62亿元，同比大幅增长24.26%。与此同时，公司 经营活动产生的现金流量净额从236.03亿元增加至307.48亿元，同比增长30.27%。 记者进一步梳理发现，华能国际的利润大增并非个例。随着燃料成本下降，火电企业的盈利水平普遍提 高，豫能控股、建投能源、宝新能源、晋控电力等多家火电企业业绩均增长显著。 对此，华能国际公司人员告诉《华夏时报》记者，二季度，公司光伏板块净利润为9.95亿元，风电板块 为12.01亿元，而在一季度，光伏利润大概为4.17亿元，风电为14.88亿元，由此来看，光伏利润确实有 所增长。 据该人员透露，为了在"531"之前全量并网更多的新能源项目，公司确实进行了一些抢装，上半年，华 能国际共装机新能源6262.91兆瓦 ...

Investment Rating - The report maintains an "Overweight" rating for the public utility industry, expecting the industry index to outperform the market index by more than 10% in the next six months [49]. Core Insights - In June, the total electricity consumption in the society increased by 5.4% year-on-year, with significant growth in the third industry and urban residents' electricity consumption [44][47]. - The public utility index has underperformed the CSI 300 index, with a decline of 2.7% in the last two weeks and 2.0% year-to-date [12][22]. - The report highlights the performance of various sub-sectors, with hydroelectric power down by 4.8% and thermal service down by 3.6% in the last two weeks [13][20]. Summary by Sections 1. Market Review - As of July 31, the public utility index has dropped 2.7% in the last two weeks, underperforming the CSI 300 index by 3.7 percentage points [12]. - Year-to-date, the public utility index has decreased by 2.0%, lagging behind the CSI 300 index by 5.5 percentage points [12]. - Among the 132 listed companies in the public utility index, 32 saw stock price increases, with ST Jinhong, Victory Energy, and New Construction shares rising by 28.0%, 23.7%, and 15.5% respectively [13]. 2. Industry Valuation - As of July 31, the public utility sector's price-to-earnings (P/E) ratio is 18.5 times, with the solar power sector at 584.5 times and thermal service at 34.8 times [20][21]. - The thermal power sector's P/E ratio is 11.8 times, indicating a relatively lower valuation compared to other sectors [20]. 3. Industry Data Tracking - The average price of Q6000 coal at the pit in Shaanxi Yulin was 587 RMB/ton, a 0.5% increase from the previous value [34]. - The average price of Q5500 coal at Qinhuangdao port was 643 RMB/ton, reflecting a 3.3% increase [34]. 4. Key Industry News - The National Energy Administration reported that the cumulative installed power generation capacity reached 3.65 billion kilowatts by the end of June, a year-on-year increase of 18.7% [47]. - The market transaction electricity volume for the first half of the year was 2.95 trillion kilowatt-hours, up 4.8% year-on-year, accounting for 60.9% of total electricity consumption [47]. 5. Industry Weekly Viewpoint - The report suggests focusing on companies like Huadian International and Guodian Power in the thermal power sector due to the decline in average coal prices [44]. - In the gas sector, companies such as Xin'ao Co., Jiufeng Energy, and New Natural Gas are recommended for their strategic advantages in gas sourcing and distribution [44][45].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's revenue for H1 2025 reached 36.587 billion yuan, a year-on-year increase of 5.02%, driven by stable growth in power generation [9] - The company plans to invest approximately 26.6 billion yuan in the construction of the Gezhouba shipping capacity expansion project to enhance power generation efficiency [3] - The company aims to achieve a power generation target of 300 billion kilowatt-hours in 2025, with projected net profits of 35.028 billion yuan, 36.715 billion yuan, and 37.087 billion yuan for 2025, 2026, and 2027 respectively [10] Financial Performance Summary - Total revenue forecast for 2023A is 78.144 billion yuan, with a year-on-year growth of 13.48% [1] - The net profit attributable to shareholders for 2023A is projected at 27.245 billion yuan, reflecting a year-on-year increase of 14.83% [1] - The latest diluted EPS for 2023A is estimated at 1.11 yuan per share, with a P/E ratio of 25.14 [1] Operational Highlights - The company reported a total power generation of approximately 1266.56 billion kilowatt-hours in H1 2025, a 5.01% increase year-on-year [9] - The water inflow for the Wudongde reservoir was approximately 39.964 billion cubic meters, an increase of 9.01% compared to the same period last year [9] - The company is expected to benefit from a decrease in the ten-year government bond yield, which has fallen to 1.7% as of July 31, 2025 [10]