（文章来源：证券日报） 证券日报网讯 1月5日，南网能源在互动平台回答投资者提问时表示，截至2025年12月31日，公司合并 普通账户和融资融券信用账户的持有人数为101433户。 ...

（原标题：大连热电最新股东户数环比下降10.53% 筹码趋向集中） 大连热电1月5日披露，截至12月31日公司股东户数为34000户，较上期（12月20日）减少4000户，环比 降幅为10.53%。这已是该公司股东户数连续第2期下降。 公司发布的三季报数据显示，前三季公司共实现营业收入3.80亿元，同比下降6.32%，实现净利润-1.13 亿元，同比增长3.28%，基本每股收益为-0.2780元。（数据宝） 证券时报•数据宝统计，截至发稿，大连热电收盘价为6.61元，上涨1.38%，本期筹码集中以来股价累计 上涨14.36%。具体到各交易日，7次上涨，2次下跌。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

Core Viewpoint - Changyuan Power (000966) emphasizes its commitment to a compensation management system that aligns with company performance and sustainable development, adhering to regulatory requirements [1] Group 1: Compensation Management - The company implements a salary management system that matches total wage expenses and employee salary growth with economic performance [1] - Annual performance is linked to the company's yearly operational results, ensuring that compensation reflects business success [1] - Specific details regarding employee compensation for the year 2025 will be disclosed in the company's designated media through the "2025 Annual Report" [1]

Core Insights - The European electricity market is experiencing unprecedented "negative pricing" due to a surge in renewable energy output overwhelming grid capacity, highlighting structural imbalances in supply and demand as well as lagging infrastructure [1] Group 1: Market Dynamics - In 2025, Germany recorded 573 hours of negative pricing, a significant increase of 25% from the previous year, while Spain, which first experienced negative pricing in 2024, saw its negative pricing periods double in 2025 [1] - The rapid growth of renewable energy generation is colliding with stagnant electricity demand and ongoing grid bottlenecks, leading to a situation where excess power cannot be absorbed by demand [1][2] Group 2: Infrastructure Challenges - The expansion of renewable energy is outpacing the necessary upgrades to the electricity grid and the construction of battery storage facilities, resulting in a mismatch that hampers the grid's ability to respond to variable weather conditions [2] - The reliance on fossil fuels for backup support during periods of low renewable output contributes to extreme market volatility, characterized by frequent negative pricing during oversupply and sharp price spikes during shortages [2] Group 3: Trading Opportunities - The normalization of negative pricing, while pressuring renewable energy developers' revenues, is creating new profit opportunities for traders who are increasingly betting on battery storage [3] - Traders are adopting strategies to buy electricity when prices fall below zero and sell during scarcity, capitalizing on the price volatility driven by weather-dependent renewable energy supply [3] Group 4: Future Outlook - Market expectations indicate that the current imbalance is unlikely to be resolved in the short term, with price differentials potentially persisting into 2026 [4] - Efforts to promote further renewable energy development will face the reality of slowly recovering electricity demand, which may lead to increased use of natural gas and coal to meet additional load requirements, complicating market pricing mechanisms [4]

来源：蓝鲸新闻 （图片来源：视觉中 国） 2025年，在政策松绑与收益诉求的双重驱动下，保险资金在权益市场表现活跃，表现之一即是举牌频次 的提升，全年举牌次数攀升至39次，创下2016年以来新高。 从投资标的来看，银行股成为险资布局"压舱石"，其低估值与高股息特征契合保险资金的稳健偏好；公 用事业板块也因稳定的现金流和防御属性备受青睐。 随着监管部门持续引导"长期资本"入市，险资正通过增配权益资产寻求收益弹性，未来有望进一步成为 资本市场的重要稳定力量。 政策松绑与收益诉求共振，险资举牌次数攀升至十年新高 近两年，在政策推动"长期资本"入市的背景下，险企布局权益市场规模持续提升，2024年，险企举牌次 数增至20次，2025年，该数据则进一步攀升，接近翻倍。 蓝鲸新闻记者统计，从具体的举牌情况来看，2025年参与举牌的险企中，平安人寿最为活跃，全年共计 举牌12次，其中，仅8月，就完成3度举牌，分别增持邮储银行H股（1658.HK）到15%，增持中国太保H 股（2601.HK）、中国人寿H股（2628.HK）至触举牌线。 除平安人寿外，长城人寿亦延续去年的举牌积极性，2025年进行4次举牌；弘康人寿进行四次举 ...

Core Viewpoint - The article emphasizes the importance of electricity in building a strong energy nation, highlighting the need for a comprehensive strategy that prioritizes electricity to support economic and social development [2][3]. Group 1: Development Position of Electricity in Energy Nation - High-quality development of electricity lays a solid foundation for building a strong energy nation, with significant achievements since the 18th National Congress, effectively meeting the growing electricity needs of the population [4]. - National electricity consumption is expected to exceed 10 trillion kilowatt-hours by 2025, with installed capacity reaching 3.79 billion kilowatts, surpassing the total of G7 countries [4]. - The electricity supply system has diversified, with a clean energy supply structure formed by coal, gas, nuclear, and renewable energy sources, and the "West-East Power Transmission" capacity reaching 340 million kilowatts [4]. Group 2: New Power System as a Key Pathway - The new power system is essential for building a strong energy nation, with a clear trend towards electrification in energy production and consumption, where electricity accounts for about 50% of primary energy consumption [5]. - By 2060, it is anticipated that non-fossil energy consumption will exceed 80%, with electricity's share of primary energy consumption reaching around 80% [5]. - The new power system will enhance energy self-sufficiency and facilitate global energy governance, aligning with the goals of building a strong energy nation [5]. Group 3: Promoting Electricity First - The electricity sector has maintained a high investment growth rate, which is crucial for adapting to complex changes in the development environment and supporting the construction of a strong energy nation [6]. - There is a need to proactively plan major projects that represent new electricity production capabilities and accelerate the development of emerging industries in the electricity sector [6]. - Internationally, efforts should be made to promote the mutual recognition of China's renewable energy green power certificates and enhance the competitiveness of export-oriented industries in green development [6]. Group 4: New Responsibilities of Electricity in Energy Nation Construction - The focus is on building a new power system by 2030, enhancing electricity security, and ensuring a robust supply of clean electricity from both non-fossil and traditional energy sources [7]. - The construction of a new grid platform that integrates main and distributed microgrids will enhance the intelligent scheduling capabilities of the grid [8]. - The development of renewable energy bases and the promotion of new energy technologies are essential for achieving annual increases of over 200 million kilowatts in renewable energy generation capacity [8]. Group 5: Enhancing International Influence - The establishment of a unified national electricity market and the improvement of market-based pricing mechanisms are crucial for stabilizing electricity prices and encouraging investment [9]. - Efforts should be made to enhance the international recognition of China's green electricity certification standards and to expand overseas investments in green electricity projects [9]. - The article calls for the development of a comprehensive overseas electricity service system to meet the green development needs of countries involved in the Belt and Road Initiative [9].

南方财经1月5日电，杰瑞股份(002353.SZ)公告称，公司全资子公司杰瑞中东公司与杰瑞股份副总裁李 伟斌共同投资，于阿联酋迪拜成立控股子公司，开展小型模块化反应堆SMR相关业务。该控股子公司 注册资本1000万阿联酋迪拉姆（约合1907.10万元人民币）。SMR作为新一代能源技术，具有模块化、 安全性高、选址灵活等特点，可与公司现有发电业务形成协同，并充分发挥公司在模块化设备领域的成 熟经验，进一步增强公司在电力领域构建更具竞争力的整体解决方案能力。 ...

南财智讯1月5日电，云南能投公告，2026年1月4日公司董事会2026年第一次临时会议审议通过相关议 案。公司拟使用额度不超过0.50亿元的暂时闲置募集资金进行现金管理，投资于安全性高、流动性好、 满足保本要求、期限不超过12个月的产品，包括但不限于结构性存款、大额存单、定期存款等。使用期 限自2026年1月4日至2026年12月31日，资金在额度范围内可滚动使用。本次现金管理不会影响募集资金 投资项目进度和公司正常生产经营。 ...

上海电力公告称，经董事会2025年第十二次临时会议审议通过，拟与中电国际签订境外资产管理服务协 议，为其境外资产提供"投建营一体化"全面管理。服务范围含境外公司及境内北京绿动未来企业管理有 限公司，境外资产装机约982.75万千瓦。服务期限自2026年1月1日至2028年12月31日，上海电力服务费 用暂估6543万元/年，另两家公司暂估1.6亿元/年，共约2.25亿元/年。中电国际为公司控股股东子公司， 交易构成关联交易，不涉及资产股权交易，不构成重大资产重组。 ...

编者按 "十四五"时期，是我国能源结构绿色转型的关键期，也是黔源电力在新时代浪潮中创新奋进、奋勇争先的重要五年。这五年，我们既见证了大国能源战略 的宏伟擘画，也参与了黔贵大地清洁能源的发展，为集团公司建设世界一流低碳能源企业贡献了黔源力量。今天，我们开设《奋进者说"十四五"》专栏， 它将记录我们如何坚持绿色发展，让清洁能源点亮千家万户；它将展现我们如何融入区域发展，为贵州围绕"四新"主攻"四化"贡献坚实的能源力量。这些 来自奋斗者的声音，将汇聚成黔源电力在"十四五"期间最磅礴的奋进交响曲。 （来源：黔源电力） "十四五"期间，马马崖分公司深入贯彻落实能源安全新战略与"双碳"目标，以技术攻坚为抓手，以自主创新为动力，在机组检修、机组改造、能源保供、 安全生产等工作一线涌现出一批敢闯敢试、实干担当的奋斗者。他们用汗水浇灌收获，以实干诠释担当，在机组改造、智能监管、青年成才等战场上，写 下一个个熠熠生辉的奋斗故事。 青年上场，关键技术在手中 "决不能让技术卡在别人手里！"这是分公司青年技术团队喊出的响亮口号。 在机组检修、大坝监测等关键任务中，维护班依靠建立的标准化作业指导书，通过创新开展"竞赛+攻关"模式，大幅提 ...