2月6日，华电新能涨0.00%，成交额2.50亿元。两融数据显示，当日华电新能获融资买入额1204.22万 元，融资偿还2039.93万元，融资净买入-835.72万元。截至2月6日，华电新能融资融券余额合计7.98亿 元。 融资方面，华电新能当日融资买入1204.22万元。当前融资余额7.97亿元，占流通市值的4.15%。 融券方面，华电新能2月6日融券偿还6300.00股，融券卖出6.07万股，按当日收盘价计算，卖出金额 36.12万元；融券余量18.16万股，融券余额108.05万元。 截至9月30日，华电新能股东户数47.97万，较上期减少80.89%；人均流通股5222股，较上期增加 423.32%。2025年1月-9月，华电新能实现营业收入294.79亿元，同比增长18.21%；归母净利润77.05亿 元，同比增长0.17%。 责任编辑：小浪快报 分红方面，华电新能A股上市后累计派现12.51亿元。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff. ...

2026 年 2 月 9 日 晨会速递 分析师点评 市场数据 总量研究 【策略】持股过节，关注成长——2026 年 2 月五维行业比较观点 2 月行业配置观点：关注成长板块。结合我们对于 2 月主观因素的判断，五维行业比 较框架视角下，预计市场风格或主要偏向成长，高估值板块相对更值得关注。从打分 的情况来看，电子、电力设备、机械设备、有色金属、通信、计算机等行业得分较高， 未来或值得投资者重点关注。 【策略】坚守布局，持股过节——策略周专题（2026 年 2 月第 1 期） 我们认为，本轮春季行情仍然值得期待，后续市场无论是在政策方面，还是在基本面 层面，未来几个月或仍有利好消息。不过市场表现未必会一帆风顺，春节之前，市场 可能会进入短暂的震荡修正阶段。不过，我们仍然建议投资者持股过节，在春节之后， 市场交易热度会再度回升，结合假期高频数据以及产业热点消息，之后市场可能会迎 来新一轮的上涨行情。 【债券】2019-2025 年"固收+"基金简要观察——"固收+"基金研究系列之一 比较符合"固收+"基金的有一级债基、二级债基、偏债混合型基金和可转债基金。 发行方面，2024 和 2025 年这两年二级债基是发行 ...

Investment Rating - The report maintains a "Recommended" rating for key companies in the electric power equipment and new energy sectors, including Ningde Times, Keda Li, and others [6][7]. Core Insights - The global photovoltaic market is expected to maintain high growth during the "14th Five-Year Plan" period, with annual new installations projected to reach 725-870 GW globally and 238-287 GW domestically [3][39]. - The electric power equipment sector is witnessing significant developments, including the approval of a major grid project by the National Development and Reform Commission, marking a new phase of market competition [4][39]. - The new energy vehicle market shows strong momentum, with major manufacturers like BYD and NIO reporting substantial year-on-year delivery increases [2][14]. Summary by Sections New Energy Vehicles - In January 2026, several new energy vehicle manufacturers reported significant delivery growth, with NIO delivering 27,182 units (+96.1% YoY) and BYD leading with 210,051 units [2][14][24]. - The third China All-Solid-State Battery Innovation Development Summit was held, focusing on key materials and technological advancements [2][27]. New Energy Generation - The photovoltaic industry is transitioning from scale expansion to high-quality development, with a focus on technological integration and new application scenarios [39][40]. - The cancellation of export tax rebates for photovoltaic products starting April 1, 2026, will push companies towards innovation and sustainable competitiveness [45]. Electric Power Equipment and Automation - The State Grid's recent tender for ultra-high voltage equipment involved 119 packages, with 115 awarded, indicating robust market activity [4]. - The approval of the first major grid project under the "14th Five-Year Plan" signifies a positive outlook for the electric power sector [4]. Commercial Aerospace - The domestic first "one rocket, 36 satellites" satellite launch technology facility has been accepted, indicating advancements in commercial aerospace capabilities [5]. Market Performance - The electric power equipment and new energy sector saw a weekly increase of 2.20%, outperforming the Shanghai Composite Index, with lithium battery and solar indices showing significant gains [1].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 山高新能源（01250）发布公告，根据公司现有的初步统计，2025年10月集团、其联营公司及合营企业 所持有及╱或管理的项目的营运发电量约42.01万兆瓦时，较2024年同期下降14.1%。截至2025年10月31 日止十个月，集团、其联营公司及合营企业所持有及╱或管理的项目累计总营运发电量约567.7万兆瓦 时，较2024年同期增长约1.7%。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 山高新能源（01250）发布公告，根据公司现有的初步统计，2025年10月集团、其联营公司及合营企业 所持有及╱或管理的项目的营运发电量约42.01万兆瓦时，较2024年同期下降14.1%。截至2025年10月31 日止十个月，集团、其联营公司及合营企业所持有及╱或管理的项目累计总营运发电量约567.7万兆瓦 时，较2024年同期增长约1.7%。 责任编辑：卢昱君 责任编辑：卢昱君 ...

Investment Rating - The report maintains a "Recommended" rating for key companies in the electric power equipment and new energy sectors, including Ningde Times, Keda Li, and others [6][7]. Core Insights - The global photovoltaic market is expected to maintain high growth during the "14th Five-Year Plan" period, with annual new installations projected to reach 725-870 GW globally and 238-287 GW domestically [3][39]. - The electric power equipment sector is witnessing significant developments, including the approval of major grid projects and the awarding of contracts for high-voltage equipment [4][39]. - The new energy vehicle market continues to show strong momentum, with major manufacturers reporting significant year-on-year delivery increases [2][14]. Summary by Sections New Energy Vehicles - In January 2026, several new energy vehicle manufacturers reported substantial delivery growth, with NIO delivering 27,182 units (+96.1% YoY) and BYD maintaining a leading position with 210,051 units delivered [2][14][24]. - The third China All-Solid-State Battery Innovation Development Summit was held, focusing on key materials and technological advancements [2][27]. New Energy Generation - The photovoltaic industry is transitioning from scale expansion to high-quality development, with a focus on technological integration and new application scenarios [39][40]. - The cancellation of export tax rebates for photovoltaic products starting April 1, 2026, marks a shift to full market competition, pushing companies towards innovation and sustainable competitiveness [45][48]. Electric Power Equipment and Automation - The State Grid's recent tender for ultra-high voltage equipment involved 119 packages, with 115 awarded, indicating robust demand in the sector [4][39]. - The approval of the first major grid project by the National Development and Reform Commission signifies a positive outlook for infrastructure development in the electric power sector [4][39]. Commercial Aerospace - The domestic first "one rocket, 36 satellites" satellite launch technology facility has been accepted, indicating advancements in commercial aerospace capabilities [5]. Market Performance - The electric power equipment and new energy sector saw a weekly increase of 2.20%, outperforming the Shanghai Composite Index, with lithium battery and solar indices showing significant gains [1].

Investment Rating - The report maintains an "Outperform" rating for the power equipment and new energy industry [1]. Core Insights - The global sales of new energy vehicles are expected to maintain rapid growth by 2026, driving demand for batteries and materials [1]. - Recent fluctuations in material prices for power batteries warrant attention to the pricing situation along the supply chain [1]. - Solid-state batteries are entering a critical phase of engineering validation, with a focus on related materials and equipment companies [1]. - In the photovoltaic sector, "anti-involution" and "space photovoltaics" are identified as the two main investment themes for 2026, with increased demand for photovoltaic equipment [1]. - The domestic market is seeing a rise in high-power component demand, with downstream battery components relying on efficiency improvements for market clearing [1]. - Wind power demand is expected to continue growing, with recommendations to focus on wind turbines and offshore wind power [1]. - The energy storage sector remains highly prosperous, with a recommendation to pay attention to energy storage cells and large-scale integrated plants [1]. - Hydrogen energy is anticipated to open up demand for green hydrogen, with a focus on downstream hydrogen-based energy applications [1]. - Nuclear fusion is seen as a long-term catalyst for energy development, with recommendations to focus on core suppliers in the nuclear fusion power sector [1]. Summary by Sections Industry Performance - The power equipment and new energy sector rose by 2.2%, outperforming the Shanghai Composite Index, which fell by 1.27% [10]. - The photovoltaic sector saw the highest increase at 3.43%, while the wind power sector experienced a slight decline of 0.01% [13]. Key Industry Information - The China Passenger Car Association estimates that 900,000 new energy vehicles will be wholesaled in January 2026, a 1% year-on-year increase [27]. - Changan Automobile and CATL announced the global launch of the first sodium battery mass-produced passenger vehicle, expected to be available by mid-2026 [27]. - Tesla has achieved large-scale production of dry electrode technology [27]. - The domestic energy storage tender for January 2026 reached 36.3 GWh, with notable bidding scales in Ningxia, Hebei, and Xinjiang [27]. Company Developments - Foster is collaborating with professional institutions to invest in a private equity fund focused on flexible thin-film gallium arsenide battery companies [29]. - Guoxuan High-Tech plans to raise up to 5 billion yuan through a private placement for a 20 GWh power battery project [29]. - TCL Zhonghuan's subsidiary Maxeon Solar signed a patent licensing agreement with Aisuo, with a five-year licensing fee of 1.65 billion yuan [29].

本报（chinatimes.net.cn）记者刘诗萌 北京报道 全球风光水发电能力整体提升 2025年，中国气象局国家气候中心携手合作组织首次发布《全球新能源发电年景预测2025》，提出"气 象要素预报-风光场站识别-新能源发电能力预测"三位一体预测框架，系统性实现全球风电、光伏发电 能力的月度和年度预测，填补了新能源中长期预测领域的技术空白，被世界气象组织刊文誉为"能源与 气象跨学科创新的里程碑"。 发布会上，刘芸芸对2025年的预测结果进行了回顾，结果显示全球风光预测结果与观测的相关系数分别 为0.93和0.97，偏差分别为4.5%和1.8%，逐月演变与实际发电情况基本相符。这也证明，报告预测准确 性高，对于中长期预测应用具有重要价值。 而今年发布的年景预测也对预测技术与算法进行了优化，拓展了水电预测内容、提升预测精度，形成了 全球最为及时的风光水发电能力回顾-预测研究体系。 过去几年里，中国建成了全球规模最大、发展最快的可再生能源体系，成为全球绿色低碳发展的引领 者。截至2025年底，中国风电光伏累计装机规模突破18亿千瓦，可再生能源发电装机占比超过六成。随 着越来越多的电力都来自于间歇性、波动性较大的 ...

Core Viewpoint - Datang New Energy (01798) reported a preliminary statistic indicating that the company and its subsidiaries achieved a total power generation of 3.272 million megawatt-hours (MWh) in January 2026, representing a year-on-year increase of 6.69% compared to 2025 [1][3]. Group 1: Power Generation Overview - The total power generation of 3.272 million MWh includes wind power generation of 2.8806 million MWh, which increased by 4.34% year-on-year [1][3]. - Solar power generation reached 391,600 MWh, showing a significant year-on-year increase of 27.89% [1][3].

点击注册小程序 查看完整报告 华电集团旗下新能源最终整合的唯一平台，资产注入具备想象空间 中国华电集团旗下的电力运营上市企业包括华电国际、华电能源、黔源电力、华电新能。华电国际的定位是全 国性的火电运营商；华电能源定位为黑龙江省的火力发电企业；黔源电力主营为贵州省的水电和光伏业务；华 电新能的定位是华电集团全国新能源最终整合的唯一平台。截至2024年年底，华电集团在手1077.01万千瓦新 能源发电资产有望注入华电新能，为华电新能持续巩固行业地位提供稳健增量。 各省发布"136号文"细则，兜底绿电电价 2025年1月27日，国家发展改革委、国家能源局发布《关于深化新能源上网电价市场化改革 促进新能源高质量 发展的通知》（发改价格〔2025〕136号），2025年多省份陆续发布配套细则或征求意见稿，明确了绿电消费 的相关政策导向和机制，有助于稳定市场预期，减少因政策不确定性带来的价格波动，使得绿电价格在一个相 对稳定的框架内运行，通过机制电价部分对绿电价格进行兜底。 风险提示： 产业政策变化的风险；政府审批时间延长的风险；优质资源获取难度增加风险；自然条件对发电 量影响较大的风险；次新股股价波动的风险。 发布日 ...

Core Viewpoint - Jiangsu has become the leader in offshore wind power grid connection in China, and there is a strong push to accelerate the development of deep-sea wind power to meet the growing energy demands of the province [1]. Group 1: Offshore Wind Power Development - During the 14th Five-Year Plan, Jiangsu's total installed capacity of renewable energy generation exceeded 100 million kilowatts, surpassing coal power to become the primary energy source, with offshore wind power playing a crucial role [1]. - The transition from nearshore to deep-sea wind power development is expected to be a significant source of growth for Jiangsu's power generation capacity during the 15th Five-Year Plan [1]. Group 2: Infrastructure and Technology Recommendations - To enhance the service of offshore wind power to the provincial economy, it is essential to strengthen the "hard support" of infrastructure [2]. - Key technological advancements are needed in long-distance transmission for offshore wind power, focusing on the unique challenges of deep-sea wind farms, such as distance, large capacity, and high investment costs [2]. - There is a need to explore new investment and operational models for offshore transmission channels, as well as to develop critical technologies like flexible DC transmission, ultra-high voltage submarine cables, and compact offshore booster stations [2].