为确保吊装一次成功，安能二局项目部联合监理、设计、设备厂家组建技术攻关团队，反复推演优 化"双机并车+平衡梁吊装"方案。施工前，技术人员对桥机轨道、平衡梁等关键设备进行全面检修调 试；安全管理人员组织全员专项技术交底，强化应急处置能力。吊装过程中，作业人员通过激光测距、 全站仪实时监测等手段，精准控制定子水平度与垂直度，最终实现毫米级精准就位。 责任编辑：王奕博 1月27日，由中国安能二局承建的国家重要能源项目——山东潍坊抽水蓄能电站首台机组"心脏"部件定 子成功完成吊装，项目正式从设备组装阶段进入核心设备安装攻坚期，为首台机组按期投产发电奠定坚 实基础。 作为国家"十四五"重点实施项目、山东省新旧动能转换重大支撑性项目，山东潍坊抽蓄电站总装机容量 120万千瓦，共安装4台30万千瓦可逆式水泵水轮机组。项目建成后，年发电量可达27.1亿千瓦时，每年 可减少二氧化碳排放约52万吨，有效承担电网调峰填谷、调频调相、事故备用等重要功能。 ...

Group 1 - The company has repurchased a total of 23,879,700 shares from June 27, 2024, to September 27, 2024, to maintain its value and protect shareholder interests [1] - The repurchased shares will be sold through centralized bidding within 12 months after the completion announcement and must be sold within three years; unsold shares will be canceled [1] - The company plans to sell the repurchased shares from December 12, 2025, to June 11, 2026, with a maximum sale of 23,879,700 shares, representing 1.26% of the total share capital [2] Group 2 - As of January 31, 2026, the company has not yet sold the repurchased shares [3] - The sale plan is consistent with previously disclosed plans and commitments, and there are no significant events like high transfers or mergers during the sale period [3] - The company must adhere to specific regulations regarding the sale, including price limits and volume restrictions [4] Group 3 - The sale plan does not pose a risk of changing the company's control [5] - The sale of repurchased shares complies with relevant laws and regulations, and the company will fulfill its disclosure obligations during the sale period [5]

亮眼数据背后，是产业赛道的加速突围，是改革创新的持续发力，更是民生温度的不断升温。成绩从何 而来？哪些领域异军突起？群众的幸福感与获得感又藏在哪些关键数字里？ 提振消费 兑现以旧换新补贴169亿元 四川晒2025年"年度答卷" 着力扩内需稳增长，推动经济持续向新向优量质提升。2025年，四川发行项目建设专项债券1833亿元， 出台稳增长"21条""18条"等政策，纳入国家102项重大工程的285个计划新开工项目全部开工，810个省 重点项目完成投资10428.6亿元。 制图\\\\高翔 水电装机容量突破1亿千瓦、保持全国第1位，谋划多年、惠及3400万人的引大济岷工程启动建设。 2月3日上午，省十四届人大五次会议在成都开幕，省长施小琳代表省人民政府作工作报告。报告指出， 2025年全省实现地区生产总值67665亿元，比上年增长5.5%，总量和增速均居全国第5位。 提振消费促增长，兑现以旧换新补贴169亿元，全省社会消费品零售总额增长5.1%。加快文旅产业全域 全业态发展，全省接待游客超11亿人次，其中入境游客340万人次，引进营业性演出1.2万场。举办国际 赛事50余场。 产业建圈强链 新增规上工业企业149 ...

Group 1 - The company appointed Ms. Liu Dongmei as the secretary of the board of directors, effective from the date her appointment was approved by the Shanghai Stock Exchange [1][2] - Prior to her official appointment, the duties of the board secretary were temporarily handled by the company's chairman, Mr. Zhang Nengyong [1] - Ms. Liu has completed the necessary training and obtained the required certification to fulfill her role [2] Group 2 - The company repurchased a total of 23,879,700 shares between June 27, 2024, and September 27, 2024, to maintain company value and protect shareholder interests [5] - The repurchased shares are planned to be sold through centralized bidding within twelve months after the completion announcement, and must be sold within three years [5][6] - As of January 31, 2026, the company has not yet sold any of the repurchased shares [7]

天眼查App显示，近日，华能澜沧江(昌都)水电有限公司成立，法定代表人为李然，注册资本48亿人民 币，经营范围包括水力发电、供电业务、太阳能发电技术服务等。股权全景穿透图显示，该公司由华能 水电（600025）旗下华能澜沧江上游水电有限公司、宁德时代（300750）共同持股。 ...

天眼查App显示，2月2日，华能澜沧江（昌都）水电有限公司成立，法定代表人为李然，注册资本48亿 人民币，经营范围包括水力发电、供电业务、太阳能发电技术服务等。股权全景穿透图显示，该公司由 华能水电旗下华能澜沧江上游水电有限公司、宁德时代共同持股。 ...

Core Insights - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on high-quality development of central enterprises and emerging pillar industries by 2026, with an emphasis on restructuring and mergers [1][2] Group 1: Restructuring and Mergers - SASAC plans to advance the restructuring and integration of central enterprises, emphasizing the "three concentrations" of state capital to optimize the layout and structure of the state-owned economy [2][3] - The primary tasks include the establishment of new central enterprises and strategic mergers to enhance the role of these enterprises in strategic security, industry leadership, and public service [2][4] - In 2025, SASAC guided the formation of China Yajiang Group and China Changan Automobile Group, aiming to reshape the automotive industry and promote high-quality development in smart and connected new energy vehicles [2][3] Group 2: Specialized Integration - Specialized integration is seen as a key approach to optimize the layout and structure of the state-owned economy and reduce industry competition [3][4] - In 2025, SASAC facilitated the integration of cruise operation resources to create a "national team" for China's cruise industry and supported companies like China FAW in integrating power battery resources for the development of new energy vehicles [3][4] Group 3: Focus on Emerging Industries - SASAC is set to support central enterprises in high-quality mergers and acquisitions to acquire core elements and seize technological advantages, thereby fostering strategic emerging industries [4][6] - The focus areas include artificial intelligence, aerospace, quantum technology, and other cutting-edge sectors, with plans to enhance the "AI+" initiative and develop integrated scenarios in key fields [5][6] Group 4: New Pillar Industries - SASAC is drafting a document to promote the cultivation of new emerging pillar industries, aiming for leapfrog development in state-owned enterprises [7][8] - The document may introduce a "strategic investment" assessment mechanism to address the long-term investment characteristics of emerging industries, allowing for differentiated performance evaluations [7][8] - SASAC plans to implement new policies to accelerate the layout of strategic emerging industries through mergers, business management, and asset securitization [7][8]

证 券 研 究 报 告 【宏观快评】 ❖ 近一周，中央层面政策出台不多，主要关注以下内容： 1、外交：1 月 29 日，商务部召开例行发布会，有记者提问"美国贸易代表日 前在达沃斯向记者表示，在可能于 4 月举行的中美领导人会晤之前，中美双 方有机会开启新一轮经贸谈判"。 2、反腐：1 月 27 日，总理在国务院第四次廉政工作会议上指出，深刻理解和 把握管党治党越往后越严、一严到底的鲜明立场，树立和践行正确政绩观。 3、产业：一是光伏反内卷。1 月 28 日，工信部部长召开光伏行业企业家座谈 会，提出当前形势下，"反内卷"是光伏行业规范治理的主要矛盾，要求综合运 用产能控制等手段坚决破除行业内卷式竞争。二是发电侧容量电价改革。1 月 30 日，国家发改委等引发通知，对现行煤电、气电、抽水蓄能容量电价机制 进行了完善，并首次在国家层面明确建立电网侧独立新型储能容量电价机制。 4、资本市场：1 月 30 日，证监会召开资本市场"十五五"规划上市公司座谈会， 吴清主席在会上提出，高质量编制和实施好资本市场"十五五"规划，全力巩 固资本市场稳中向好势头，聚焦持续深化资本市场投融资综合改革、提高制度 包容性适应性，抓紧 ...

Core Viewpoint - The investment by the company in the China Nuclear Clean Energy REIT is a significant step towards the revaluation and revitalization of high-quality clean energy infrastructure assets, contributing to the high-quality development of the clean energy industry and the improvement of the green finance system [1] Group 1: Investment Details - The company’s subsidiary, Shoucheng Jicheng, has participated in the investment of the China Nuclear Clean Energy Closed-End Infrastructure Securities Investment Fund [1] - The underlying asset of the REIT is the Bopona Hydropower Station in Xinjiang, which is the largest operational hydropower project in the Hotan region in terms of installed capacity and annual power generation [1] Group 2: Strategic Importance - The successful listing of the China Nuclear Clean Energy REIT represents an innovative practice in implementing the national REITs strategy and the "dual carbon" policy, serving as a model for market mechanisms that allow social capital to participate in green energy infrastructure construction [1] - The company plans to continue increasing its investment in China's smart infrastructure asset sector, leveraging its first-mover advantage in the REITs field and collaborating with leading industry players to create a closed-loop management service for the entire lifecycle of smart infrastructure assets [1]

来源：参考消息 据香港《南华早报》网站1月29日报道，随着广东省统计局1月30日公布去年全省经济运行情况，中国排 名靠前的经济大省的"年报"已全部发布。 报道称，从结构数据看，经济大省普遍较高的增长速度已非传统动能的延续，而越来越显著地体现为新 兴动能的汇聚。 上海第三产业增加值占GDP的比重已逼近八成，信息服务业继续领跑。去年，上海第三产业增加值同比 增长6.0%，其中，信息传输、软件和信息技术服务业增加值同比增长15.3%，金融业增加值同比增长 9.7%。 河南去年的经济增速亮眼，其中制造业增加值同比增长7.6%，拉动GDP增长2.0个百分点。近年来，河 南抢抓新能源汽车、人工智能等行业发展机遇，引进比亚迪、中州时代、超聚变等龙头企业落户投产， 工业新质生产力加快形成。 四川加快建设世界级优质清洁能源基地，去年水电装机容量突破1亿千瓦，占中国全国20%以上。四川 挖掘水、风、光、气等清洁能源潜力，去年规上工业清洁能源发电量占全省规上工业发电量的81%，规 上工业天然气产量稳居全国第一。 坚持内需主导，深入实施提振消费专项行动，推动投资止跌回稳，是当前中国各地经济工作的重点任 务。 据报道，2025年，北京 ...