截至7月31日，广东21地市经济"半年报"已悉数出炉。总量方面，深圳、广州、佛山、东莞、惠州位列 全省前五；增速方面，梅州、汕尾、肇庆占据前三席位，深圳、惠州、湛江、潮州并列第四。 透视这份"半年报"，可以看到上半年全省各地经济运行的几大特征—— 一是经济大市"发挥稳定"，继续在总量上挑起大梁。深圳、广州上半年总量均突破1.5万亿元，佛山、 东莞总量均超6000亿元。这4个地市对全省GDP增长合计贡献率超六成。 二是粤东粤西粤北城市增速表现亮眼。10个增速高于或持平全省水平的地市中，有7个是粤东粤西粤北 城市。梅州以5.7%的增长保持全省增速第一的势头。 三是无论是总量还是增速，地市间的分化仍突出：总量排名第五的惠州与上一位的东莞相差超3000亿 元，"梯度"有待加强；增速"垫底"的汕头增长0.5%，与一季度持平。 4座"万亿城市"GDP占比超六成 上半年，广东大部分地市主要经济指标增速加快。与一季度相比，11个地市GDP增速提高或持平。从多 个维度来看，上半年广东各地"拼经济"举措效果显现，在外部环境不确定性因素凸显的当下逐渐站稳脚 跟。 先看4座"万亿城市"。上半年，深圳以超1.8万亿元的地区生产总值（1 ...

投资增速放缓不意味着投资空间收缩。从上半年多方面投资数据看，有效投资规模仍在持续扩大。 根据国家统计局数据，上半年，设备工器具购置投资同比增长17.3%，增速比全部投资高14.5个百分 点，对全部投资增长的贡献率为86.0%。 上半年充换电基础设施完成投资额同比增长近70%、今年中央预算内投资基本下达完毕、上半年设备工 器具购置投资同比增长17.3%……最近，国家发展改革委等多部门接连公布上半年投资情况。专家分 析，上半年，各地区各部门统筹用好中央预算内投资、超长期特别国债、地方政府专项债等政策工具， 加快推进"两重"建设和"两新"工作，聚焦关键领域和薄弱环节积极扩大有效投资，推动固定资产投资平 稳增长。 投资实际增速基本稳定 上半年，全国固定资产投资(不含农户)248654亿元，同比增长2.8%。怎么看这一增速？ 一看名义增速。上半年，全国固定资产投资(不含农户)同比增长2.8%，这是名义增长速度，较前5个月 有所回落。分产业看，第一产业投资4816亿元，同比增长6.5%；第二产业投资88294亿元，增长 10.2%；第三产业投资155543亿元，下降1.1%。 二看实际增速。扣除价格因素影响，上半年固定资 ...

能源节约和科技装备司副司长边广琦出席发布会，并介绍《中国新型储能发展报告(2025)》基本情况。 他表示，近年来，我国新型储能快速发展，在新型电力系统中作用日益凸显，有力促进新能源开发消 纳，提高电力系统安全稳定运行水平。为加强行业发展引导，服务"双碳"战略实施，国家能源局近期组 织编制《中国新型储能发展报告(2025)》，主要内容有： 《报告》主要包括三部分内容：一是从政策体系、装机规模、应用场景、技术创新、产业发展、标准体 系等方面，系统总结2024年国内外新型储能发展情况。二是从科学谋划发展、健全市场机制、加大技术 攻关、促进作用发挥和巩固产业优势等方面提出2025年新型储能行业发展展望。三是系统梳理2021- 2024年新型储能主要政策、技术创新和示范工程等大事记情况。 7月31日，国家能源局举行新闻发布会，发布上半年全国能源形势、上半年可再生能源并网运行情况， 介绍迎峰度夏电力供需总体情况，发布《中国新型储能发展报告(2025)》，并回答记者提问。 一是我国新型储能发展的政策体系持续完善，陆续出台《关于促进新型储能并网和调度运用的通知》 《加快构建新型电力系统行动方案(2024-2027年)》《关于 ...

Core Insights - The report highlights the ongoing recovery of the Chinese economy, driven by consumption and investment, with a stable upward trend in the A-share market supported by policy and capital inflows [13][14][15]. Domestic Market Performance - The Shanghai Composite Index closed at 3,559.95, down 0.37%, while the Shenzhen Component Index closed at 10,991.32, down 0.17% [3]. - The average P/E ratios for the Shanghai Composite and ChiNext are 14.66 and 40.72, respectively, indicating a suitable environment for medium to long-term investments [13][14]. International Market Performance - Major international indices, including the Dow Jones and S&P 500, experienced declines of 0.67% and 0.45%, respectively, reflecting a cautious global market sentiment [4]. Industry Analysis Photovoltaic Industry - The photovoltaic index rebounded significantly in July, with a 9.73% increase, outperforming the CSI 300 index, driven by policies addressing low-price competition [18][19]. - The domestic new photovoltaic installed capacity in June was 14.36 GW, a year-on-year decline of 38.45%, while the cumulative installed capacity for the first half of the year reached 212.21 GW, a 107.07% increase [19]. - The report suggests that the photovoltaic industry is expected to see improved supply-demand dynamics as policies for capacity reduction are implemented [20]. New Energy Vehicle Industry - The global sales of new energy vehicles are projected to reach 20 million units by 2025, with China maintaining a leading position, accounting for 65% of global sales in 2024 [23]. - The report emphasizes the comprehensive development of the new energy vehicle industry chain in Henan Province, which has seen significant growth and is now among the top ten in production nationwide [24]. New Energy Storage Industry - The new energy storage market is experiencing rapid growth, with a projected installation of 300 million kW by 2025, driven by advancements in lithium-ion battery technology and supportive government policies [27][30]. - The report outlines the competitive landscape of the energy storage system integration market, highlighting key players and the importance of technological advancements [28]. Engineering Machinery and Robotics - The engineering machinery sector showed a 7.35% increase in July, outperforming the CSI 300 index, with strong performance in laser processing equipment and engineering machinery [32][33]. - The report recommends focusing on companies with stable earnings and high dividend yields in the engineering machinery sector [33]. Power and Utilities Sector - The power and utilities index underperformed the market, with a 2.12% increase in July, while the overall electricity demand showed a year-on-year growth of 5.4% in June [35][36]. - The report maintains a "stronger than market" investment rating for the power and utilities sector, emphasizing the importance of stable earnings from large hydropower companies [36].

Group 1 - The investment conference in Meishan, Guangdong, attracted nearly 200 representatives from foreign enterprises, fund companies, and business associations, focusing on new energy storage, low-altitude economy, biomanufacturing, and satellite applications [1] - A total of 36 projects were signed, with 31 being investment attraction projects, amounting to a contract value of 476.9 billion [1] - Among the 15 projects signed on-site, 10 were investment attraction projects with a contract value of 190.6 billion, showcasing Meishan's investment appeal [1] Group 2 - The "Investment Opportunities List" for Meishan was released, featuring 129 packaged projects with a proposed investment of 1614.96 billion [2] - The new energy and new materials industry has 36 projects with a proposed investment of 635.27 billion, while the electronic information industry has 14 projects with a proposed investment of 144.2 billion [2] - Other sectors include equipment manufacturing with 15 projects at 173.6 billion, pharmaceutical health with 4 projects at 25 billion, and low-altitude economy with 17 projects at 143 billion [2]

Core Viewpoint - The rapid development of new energy storage in China is significantly enhancing the role of the new power system, promoting renewable energy utilization, and improving the safety and stability of the power system [1][2]. Group 1: Development Status - As of the end of 2024, China has built and put into operation new energy storage capacity of 73.76 million kilowatts (168 million kilowatt-hours), accounting for over 40% of the global installed capacity [1]. - The policy framework for new energy storage has been progressively established since the 14th Five-Year Plan, with multiple policy documents released to guide scientific development and improve the electricity market mechanism [1]. Group 2: Application and Impact - The application effects of new energy storage are becoming increasingly evident, with the average equivalent utilization hours exceeding 1,000 hours in provinces such as Zhejiang, Jiangsu, Chongqing, and Xinjiang in 2024, serving as a crucial means for renewable energy consumption [2]. - During peak summer periods, new energy storage has played a vital role in ensuring electricity supply during peak demand times, functioning effectively as a "super battery" [2]. Group 3: Technological Innovation - In 2024, the National Energy Administration announced 56 pilot projects for new energy storage, covering over ten technological routes, with several projects representing the first engineering applications in the country [2]. - Twelve new energy storage projects were selected as part of the fourth batch of major technological equipment in the energy sector, providing application scenarios for the implementation of first-of-a-kind equipment [2]. Group 4: Standardization - In 2024, more than 20 electrochemical energy storage standards were published and implemented, with multiple standards initiated, covering various aspects such as planning, grid connection, operation control, maintenance testing, and post-evaluation [2].

Core Viewpoint - The company Hanchuan Intelligent has filed a lawsuit against Mianyang Exson New Energy Technology Co., Ltd. for unpaid debts totaling approximately 244 million yuan, which could significantly impact its financial performance [1][5]. Group 1: Company Overview - Hanchuan Intelligent (688022.SH) has a market capitalization of 2.665 billion yuan and a stock price of 15.15 yuan [1]. - Mianyang Exson is a subsidiary of Shenzhen Exson New Energy Technology Co., Ltd., focusing on the centralized energy storage market with a planned capacity of 18 GWh and an expected annual output value exceeding 12 billion yuan [2]. Group 2: Contractual Agreements - Hanchuan Intelligent entered into two equipment procurement contracts with Mianyang Exson, with payments scheduled from 2023 to 2025 [2][3]. - The first contract involved the supply of production equipment, while the second contract was for a pilot line, with payment terms linked to equipment acceptance [2]. Group 3: Payment Issues - Mianyang Exson has delayed payments since 2024, with total unpaid principal amounting to approximately 234 million yuan [3]. - The delays in payment are attributed to issues with government funding allocations affecting Mianyang Exson's cash flow [3]. Group 4: Financial Performance - Hanchuan Intelligent is facing a significant decline in performance, with a projected revenue drop of about 65% in 2024 and a net loss expected to reach 1.103 billion yuan [4]. - The lawsuit amount of approximately 244 million yuan represents about half of Hanchuan Intelligent's anticipated revenue for 2024 [5]. Group 5: Legal Actions - In addition to suing Mianyang Exson, Hanchuan Intelligent has also filed lawsuits against two shareholders of Mianyang Exson, alleging misuse of shareholder status and failure to fulfill capital contributions [5].

Group 1 - The "Shuyun Cup" Innovation and Entrepreneurship Competition in Baiyun District aims to attract high-quality entrepreneurial projects in the new energy and energy storage sectors, with rewards up to 2.3 million yuan and industry investment support up to 200 million yuan [1][5] - Baiyun District has integrated the new energy and new energy storage industries into its "6+6+X" modern industrial system, promoting high-quality development, with the new energy storage industry scale exceeding 20 billion yuan [2][5] - The competition focuses on areas such as solid-state batteries, flow batteries, hydrogen storage, and smart control technologies, aiming to bring in projects that align with the district's industrial positioning [5][6] Group 2 - Baiyun District has introduced a series of talent incentive policies for the new energy storage equipment industry, with individual rewards up to 300,000 yuan, covering talent attraction, cultivation, retention, and utilization [6] - The district is accelerating the construction of a "2+3" industrial spatial layout, planning over 5,000 acres of land to create a comprehensive ecosystem for the new energy storage industry [6]

Core Viewpoint - The investment in key energy projects in China has significantly increased in the first half of the year, with a total investment exceeding 1.5 trillion RMB, marking a year-on-year growth of 21.6% across various regions [2]. Group 1: Investment Growth in Renewable Energy - The investment in new energy generation has maintained rapid growth, with land-based wind power investments in Guangxi and Xinjiang doubling compared to the same period last year [2]. - Offshore wind power investments in Guangdong, Fujian, and Shanghai have seen concentrated releases [2]. - Centralized photovoltaic investments have grown by 24.5% year-on-year, while distributed photovoltaic investments have surged over 70% [2]. - Solar thermal power investments have nearly doubled compared to last year [2]. Group 2: Emerging Energy Investment - Investment in hydrogen energy projects has also doubled, with multiple green hydrogen projects in Jilin Province advancing rapidly [2]. - Investment in charging and swapping infrastructure has increased by nearly 70%, with nine pilot cities accelerating the construction of intelligent charging and swapping facilities [2]. - New energy storage and integrated source-grid-load-storage investments have each grown by over 30% [2]. Group 3: Private Sector Investment - Investment from private enterprises in the energy sector has grown by 27.8% year-on-year [3]. - Private enterprises have accelerated investments in distributed photovoltaic and land-based wind power, with growth rates exceeding 40% [3]. - Investments in charging and swapping infrastructure and centralized photovoltaic projects have maintained a growth rate of around 15% [3].

Core Viewpoint - The development of new energy storage in China is progressing steadily, with significant growth in installed capacity and utilization, driven by the increasing demand for renewable energy integration and power supply stability [3][4][7]. Summary by Sections New Energy Storage Progress - As of mid-2025, China's new energy storage installed capacity reached 94.91 million kilowatts (22.2 billion kilowatt-hours), marking a 29% increase compared to the end of 2024 [3]. - Major regions contributing to this growth include Inner Mongolia and Xinjiang, each exceeding 10 million kilowatts, while Shandong, Jiangsu, and Ningxia surpassed 5 million kilowatts [3]. Regional Analysis - The North China, Northwest, and Southern regions accounted for over 80% of the new installed capacity, with North and Northwest China maintaining stable shares of 29.7% and 25.7%, respectively [4]. - The Southern region saw a 3 percentage point increase in its share, reaching 15.4%, attributed to the high proportion of hydropower in provinces like Guangxi and Yunnan [4]. Utilization and Performance - The equivalent utilization hours for new energy storage nationwide were approximately 570 hours, an increase of over 100 hours year-on-year [4]. - Provinces such as Zhejiang, Guangdong, and Gansu reported utilization hours exceeding 600, demonstrating the effective role of new energy storage in peak power supply [4]. Future Development Plans - The National Energy Administration aims to enhance the application scenarios for new energy storage, improve scheduling capabilities, and accelerate market mechanism improvements to promote high-quality industry development [5][9]. Development Report Overview - The "China New Energy Storage Development Report (2025)" outlines the progress and future outlook for the industry, emphasizing the need for a robust policy framework and technological innovation [7][8]. - By the end of 2024, the installed capacity of new energy storage in China accounted for over 40% of the global total, showcasing the country's leadership in this sector [7]. Policy and Standards - A series of policies have been introduced to support the development of new energy storage, including guidelines for grid connection and operational management [8]. - Over 20 standards related to electrochemical storage have been implemented, enhancing the overall standardization of the industry [8].