上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 在这岁末年初的交替阶段，A股市场迎来两个"惊喜"。 一是商业航天板块强者恒强的走势，成为市场人气最高的板块。 今天上午，多元金融、碳纤维、燃气、风电设备等板块表现活跃，这些看似"不相干"的板块，背后 却因为商业航天板块交易逻辑扩散，串联了起来。 二是上证指数的连阳走势。 今天 上午， 上证指数继续上涨，日线迎来"9连阳 " 。截至12月26 日，上证指数今年以来的最长连阳纪录是"8连阳 " ，共发生两次：一次发生在4月11日—22日， 另一次在8月4日—13日。 今天 下午，上证指数若保持涨势，将迎来日线"9连阳 " ，打破此前 的"8连阳 " 纪录。 今天上午，算力产业链、消费电子、有色金属等板块上涨，锂电产业链回调。截至午间收盘，上证 指数上涨0.31%，深证成指上涨0.03%，创业板指下跌0.32%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3975.92 | 13607.39 | 3233.53 | | +12.24 +0.31% | +3.50 +0.03% ...

截至2024年末，公司已拥有70个城市燃气项目，覆盖2000万人口，累计铺设中高压输气管道9507公里， 51座加气站与1个LNG工厂形成稳定供应网络，ESG实践与业务规模实现同步增长。 在具体实践中，低碳转型成效显著：2024年公司能源消耗密度降至8.84兆瓦时/百万元收入，较上一年 9.46兆瓦时/百万元收入同比下降6.55%；温室气体排放总量为32342.1吨二氧化碳当量，较2023年的 34680.49吨持续回落；市政供水总量82317.07吨，较2023年减少9.98%，生产环节通过中水回用等措施 节约水资源。 在废弃物管理上，公司将13.41吨有害废弃物委托具备资质的第三方专业处置，433.01吨无害废弃物通过 环卫部门规范分类处理，施工过程中则通过自动喷雾、防尘网覆盖等措施控制扬尘，采用低噪设备与隔 音设施降低噪声污染，全年未出现噪声超标情况。 社会价值践行上，天伦燃气实现了对员工、客户、供应链及社会的全方位责任覆盖。 12月22日，格隆汇"科技赋能·资本破局"线上分享会圆满落幕，备受资本市场关注的"金格奖"年度卓越 公司评选结果同步揭晓。 天伦燃气，凭借在ESG领域的系统性实践与亮眼成效，成功 ...

Investment Rating - The report maintains a "Recommendation" rating for the industry [2] Core Insights - The environmental and public utility sectors have seen an increase, with the environmental industry index rising by 1.92% and the public utility index by 0.83%, which is relatively lower than the overall market increase [6] - The total transaction volume for electricity in Guangdong for 2026 is 359.44 billion kWh, a year-on-year increase of 5.4%, with an average transaction price of 372.14 cents/kWh, down 5.0% year-on-year [6] - The report suggests focusing on investment opportunities in the power sector, particularly recommending Guodian Power and Huaneng International for their strong dividends and performance safety [6] Summary by Sections Key Event Analysis - In November, the growth rate of total electricity consumption slowed, with a year-on-year increase of 6.2%, down 4.2 percentage points from October [10] - The National Development and Reform Commission and the National Energy Administration have issued guidelines to promote the large-scale development of solar thermal power [20] Market Review - The environmental and public utility sectors have shown positive performance, with the environmental sector leading with an 18.58% increase since the beginning of 2025 [22] - The power sector has seen a cumulative increase of 2.71% in the same period [22] Key Data Tracking - The price of Qinhuangdao 5500 kcal thermal coal has decreased to 685 RMB/ton, down 4.86% from December 19, 2025, and down 11.0% year-on-year [36] - The average electricity price in Guangdong reached a peak of 346.72 RMB/MWh on December 24, 2025, an increase of 10.9% week-on-week [52] - The LNG import price has risen to 9.62 RMB/million BTU, up 1.02% from December 19, 2025, while the domestic LNG ex-factory price has decreased to 3915 RMB/ton [50] Industry Key Events - The report highlights several key events in the electricity market, including the construction of charging infrastructure for electric heavy trucks in Chongqing and the implementation of green electricity direct connection projects in Ningxia [63][64]

（文章来源：每日经济新闻） 每经AI快讯，12月29日，燃气板块异动拉升，胜通能源十二连板，九丰能源涨超8%，大众公用涨超 4%，德龙汇能、天壕能源等跟涨。 ...

截至2025年12月26日收盘，佛燃能源(002911)报收于12.29元，下跌1.05%，换手率0.34%，成交量4.28万 手，成交额5276.51万元。 当日关注点 交易信息汇总资金流向 12月26日主力资金净流出502.29万元；游资资金净流出213.34万元；散户资金净流入715.63万元。 公司公告汇总北京市君合（广州）律师事务所关于佛燃能源集团股份有限公司2025年第五次临时股东会 的法律意见 2025年第五次临时股东会决议公告 佛燃能源集团股份有限公司于2025年12月26日召开2025年第五次临时股东会，审议通过了《关于申请发 行债务融资工具的议案》《关于开展2026年年度商品套期保值等防范商品价格波动风险业务的议案》 《关于开展2026年度外汇套期保值业务的议案》《关于公司2026年度日常关联交易预计的议案》《关于 回购注销部分限制性股票及调整回购数量和回购价格的议案》《关于修订的议案》《关于修订的议 案》。会议由董事会召集，董事长尹祥主持，出席股东及代理人共128人，代表股份占公司总股份的 83.1307%。北京市君合（广州）律师事务所对本次会议出具了法律意见书，认为会议程序合法、表决 ...

以下是第一财经对一些重要公告的汇总，供投资者参考。 【品大事】 航天发展：下属航天天目（重庆）卫星科技有限公司前三季度营收占公司总营收比例低于1% 航天发展发布股票交易异常波动公告，公司股票连续三个交易日收盘价格涨幅偏离值累计超过20%。公司以航天防务信息科技为主要发展方向，聚焦主责主 业，持续发展蓝军体系及装备、新一代通信与指控装备等业务。2025年前三季度，公司实现营业收入16.97亿元，较上年同期上升的重要原因是船舶交付。 公司下属航天天目（重庆）卫星科技有限公司主要从事商业低轨卫星运营及数据应用服务，其2025年前三季度营业收入占公司总营业收入的比例低于1%。 11连板胜通能源：如未来股票价格进一步上涨，公司可能向交易所申请停牌核查 胜通能源发布异动公告称，如未来公司股票价格进一步上涨，公司可能向深圳证券交易所申请停牌核查，投资者参与交易可能面临较大风险。敬请广大投资 者务必充分了解二级市场交易风险，切实提高风险意识，理性投资并注意投资风险。 8连板嘉美包装：如未来股票价格进一步异常上涨 公司可能申请停牌核查 嘉美包装发布关于公司股票及可转债交易异常波动暨严重异常波动的公告称，公司基本面未发生重大变化 ...

Investment Rating - The report maintains a "Positive" investment rating for the utility sector [4] Core Views - Electricity consumption growth remains high, but there are signs of pressure on long-term contract electricity prices due to falling coal prices and high inventory levels [7] - The utility sector is viewed as a defensive asset, with low-priced utility assets worth attention [7] - The report suggests that the electricity market will gradually allow for better pricing of electricity attributes to support the complex new power system [7] Summary by Sections Electricity Consumption - In November 2025, total electricity consumption increased by 6.2% year-on-year, a recovery from October's 4.2 percentage point decline, with a cumulative growth of 1.0% for January to November 2025 [10] - The growth rates for different sectors in November 2025 were: primary industry +7.9%, secondary industry +4.4%, tertiary industry +10.3%, and residential consumption +9.8% [10] - The report anticipates that December 2025 will see electricity consumption growth maintain around 5-6% due to ongoing growth in sectors like charging services and information technology [10] Electricity Prices - From December 19 to December 26, 2025, the average clearing price in Guangdong's electricity market was 308 RMB/MWh, up by 3.9% year-on-year [21] - In contrast, Shanxi's average market price dropped to 179 RMB/MWh, down 54.9% year-on-year [21] Coal Prices - Port coal prices continue to decline, with the Qinhuangdao Q5500 coal price at 672 RMB/ton, down 4.4% week-on-week [24] - The report notes a divergence in pit coal prices, with Shanxi's Q5500 coal price stable at 550 RMB/ton, while Inner Mongolia's price fell by 1.7% [24] Hydrology - The Three Gorges Reservoir's water level was 171 meters, with a year-on-year increase of 3.1 meters, while inflow rates decreased by 13.7% year-on-year [31] Market Performance - The utility sector index rose by 0.8% but underperformed compared to the Shanghai and Shenzhen 300 index, which increased by 1.9% [40] - Among sub-sectors, gas showed the highest weekly increase at +2.6%, while hydropower decreased by 0.8% [42] Investment Recommendations - The report recommends focusing on utility stocks, particularly in thermal power, hydropower, and nuclear power, citing improved business models and growth potential [7]

证券日报网讯 12月26日，九丰能源在互动平台回答投资者提问时表示，"安全为基"是公司核心价值观 之一，公司始终把安全作为服务国家商业航天战略的关键基础，在安装调试、生产运行、储存运输等商 业航天特燃特气产品保障领域，公司建立了全面的安全体系，并严格进行高标准安全管理。自今年3月 12日至今，公司已连续9次为海南商业航天发射场长征系列火箭发射提供特燃特气产品保障，助力圆满 完成发射任务，发射成功率达100%，以实际行动筑牢安全基石，体现了专业的技术实力、可靠的产品 品质及全面的综合保障能力。 （文章来源：证券日报） ...

Investment Rating - The report maintains an "Overweight" rating for the public utility and environmental sectors [7] Core Insights - The report anticipates stable growth in hydropower and improvements in cash flow for green energy and environmental companies due to government subsidies and debt reduction policies [1][6] - The performance of thermal power companies is expected to improve in Q4 2025 despite some uncertainty due to impairment losses [2] - Hydropower generation has shown significant year-on-year growth, with expectations for increased profitability for major hydropower companies [3] - The renewable energy sector is experiencing growth in installed capacity, which supports an increase in generation, while the risk of impairment is expected to ease [4] - Natural gas production is on the rise, and cost reductions may boost demand in the coming years [5] Summary by Sections Thermal Power - In October and November 2025, thermal power generation increased by 7.3% and decreased by 4.2% year-on-year, respectively, with coal prices declining by 11.5% year-on-year [2] - The average price of Qinhuangdao thermal coal in Q4 2025 is projected to be 750 RMB per ton [2] Hydropower & Nuclear Power - Hydropower generation in October and November 2025 increased by 28.2% and 17.1% year-on-year, respectively [3] - The Three Gorges Dam's outflow increased significantly, and nuclear power generation also showed stable growth [3] Renewable Energy - From January to October 2025, wind and solar power generation increased by 7.6% and 23.2% year-on-year, respectively, with installed capacity growth supporting generation increases [4] - The utilization rates for wind and solar power were 96.4% and 94.8%, respectively, indicating a slight year-on-year improvement [4] Natural Gas - Natural gas production increased by 5.9% and 5.7% year-on-year in October and November 2025, while apparent consumption decreased by 1.3% [5] - The market anticipates a decline in international oil prices and domestic gas prices, which may support demand growth [5] Environmental Sector - The report highlights the positive impact of government subsidy repayments and pricing adjustments on the environmental sector's fundamentals [6] - The ongoing debt reduction policies are expected to enhance the financial performance of environmental companies [6]

齐鲁晚报.齐鲁壹点钟建军 2026年是安全生产治本攻坚三年行动的收官之年。烟台将继续围绕"从根本上消除事故隐患、从根本上解决问题"的总目标，深入推进十三大具体行 动，强化源头治本、责任治本、科技治本和人员素质治本，切实提升本质安全水平。 为压实企业主体责任，烟台还部署开展为期一年的企业主要负责人履职专项执法服务。聚焦安全生产相关法律法规明确的企业主要负责人法定职责， 前9个月以教育、培训和指导为主，后3个月通过执法检查检验成效，推动企业第一责任人自觉履职，夯实安全生产基层基础。 为确保安全生产形势持续稳定，为"十五五"开局筑牢安全基础，烟台已于本月中旬启动为期3个半月的安全生产集中攻坚行动，将持续至明年3月底。 行动聚焦消防、道路交通、海上安全、危化品、矿山、燃气、建筑施工、重点工贸、校园医疗养老和福利机构、防一氧化碳中毒等10个重点行业领 域，其他行业领域结合实际自行开展。 本次攻坚重点排查整治包括重大事故隐患、重大安全风险、危险作业管控、关键设施设备、安全生产资质、制度措施落实等6类共性问题和重点行业领 域突出问题。行动采取企业全面自查、属地统筹排查、部门精准指导、领导干部督导四类方式，以企业自查为主，不 ...