Group 1: Electricity Consumption Growth - In July, China's total electricity consumption exceeded 1 trillion kilowatt-hours for the first time, reflecting strong economic activity, with a year-on-year growth of 8.6% [1] - The highest electricity load reached 1.508 billion kilowatts, an increase of 57 million kilowatts compared to last year's peak [1] - Urban and rural residential electricity consumption in July reached 203.9 billion kilowatt-hours, a significant increase of 18% year-on-year, with some provinces seeing over 30% growth [1] Group 2: Economic Drivers of Electricity Demand - The third industry showed robust growth in electricity consumption, with a total of 1.13 trillion kilowatt-hours from January to July, marking a year-on-year increase of 7.8% [2] - The internet and related services sector saw a remarkable electricity consumption growth of 28.2% year-on-year from January to July [2] - Hangzhou's digital economy led the charge with a 15.7% increase in electricity consumption in the information transmission, software, and IT services sector [2] Group 3: Electric Vehicle Impact - The charging and swapping service industry for electric vehicles experienced a significant growth in electricity consumption, with a year-on-year increase of 42.6% from January to July [3] - The number of electric vehicle charging infrastructure units increased by 93.2% year-on-year, reaching a total of 16.696 million by the end of July [3] - The penetration rate of new energy vehicles in China is expected to reach 56.7% in August, which is anticipated to further boost electricity consumption in the charging service sector [3]

（原标题：中电联：7月全国全行业用电指数为139.9） 智通财经APP获悉，8月22日，中电联发布2025年7月全国电力消费系列指数(CNECI)情况。2025年7月， 全国全行业用电指数为139.9，全行业用电量比2020年基期(以2020年基期为100)增长了39.9%，年均增长 6.9%，同比增长6.5%，增速比上月提高1.9个百分点。 充换电服务业用电指数为1039.1，比2020年基期增长了939.1%，年均增长59.7%，同比增长43.6%。在电 动汽车高速发展带动下，"十四五"以来充换电服务业用电量保持高速增长势头。 7月，农林牧渔业用电指数为188.8，比2020年基期增长了88.8%，年均增长13.6%，同比增长20.2%。 7月，服务业用电指数为166.1，比2020年基期增长了66.1%，年均增长10.7%，同比增长10.7%，增速比 上月提高1.7个百分点。其中： 交通运输、仓储和邮政业用电指数为150.7，比2020年基期增长了50.7%，年均增长8.5%，同比增长 9.0%，增速比上月提高3.0个百分点。 信息传输、软件和信息技术服务业用电指数为173.9，比2020年基期增长了7 ...

Group 1: Electricity Consumption and Economic Growth - Nanjing's total electricity consumption reached 37.238 billion kWh in the first half of the year, with a GDP of 917.918 billion yuan, reflecting a 5.3% year-on-year growth [1] - The peak electricity load in Nanjing hit a historical high of 16.43 million kW on July 7, indicating strong economic activity [1] Group 2: Consumer Activity and Power Demand - From January to July, the wholesale and retail sector's electricity consumption increased by 12.55% year-on-year, driven by events like music and beer festivals [2] - The core area of the Fuzimiao business district saw a 13% year-on-year increase in electricity consumption since July, attributed to the vibrant night market economy [2] - The "Rich Road" area, a popular tourist destination, experienced a 19% increase in electricity usage, necessitating upgrades to outdated power distribution equipment [2] Group 3: Digital Economy and Power Usage - Nanjing Tencent Digital Co., Ltd. reported a staggering 520.26% year-on-year increase in electricity consumption from January to July, highlighting the growth in the digital economy [4] - The average load of Tencent's data center is 70,000 kW, equivalent to the simultaneous operation of six manufacturing plants [4] Group 4: Green Transition and Electric Vehicle Growth - Nanjing's production of new energy vehicles surged by 45% in volume and 68.9% in retail value in the first half of the year, with over 4000 public charging stations and more than 220,000 private charging piles [5] - The electricity consumption of the charging and swapping service industry rose by 51.64% year-on-year, reflecting the growing market for electric vehicles [5] Group 5: Advanced Manufacturing and Power Support - The second industry in Nanjing saw a 4.1% year-on-year increase in added value, with significant projects in advanced manufacturing [6] - The Chip Technology AI advanced packaging base project in Jiangbei New Area requires high power reliability, with the power supply company completing necessary infrastructure ahead of schedule [6] Group 6: Efficient Power Services for Industry - The Nanjing power supply company has successfully completed 43 major project connections this year, enhancing the electricity service environment for businesses [7] - The rapid response to power supply requests, such as the 3000 kVA application for the Yika Intelligent Vehicle project, demonstrates the efficiency of the local power service [7]

Core Viewpoint - The article highlights a significant increase in electricity consumption across various sectors in China, indicating a recovery in economic activity and growth in specific industries, particularly in the second and third sectors [1]. Group 1: Overall Electricity Consumption - In June, the total electricity consumption reached 867 billion kilowatt-hours, representing a year-on-year growth of 5.4% [1] - For the first half of the year, total electricity consumption accumulated to 48,418 billion kilowatt-hours, with a year-on-year increase of 3.7% [1]. Group 2: Sector-Specific Consumption - The first industry consumed 13.3 billion kilowatt-hours, growing by 4.9% year-on-year [1] - The second industry consumed 5,488 billion kilowatt-hours, with a growth of 3.2% year-on-year [1] - The third industry saw consumption of 1,758 billion kilowatt-hours, marking a 9.0% year-on-year increase [1]. Group 3: Residential Electricity Consumption - Urban and rural residents consumed 1,291 billion kilowatt-hours, reflecting a year-on-year growth of 10.8% [1]. Group 4: High-Growth Industries - The high-tech and equipment manufacturing sectors showed a leading growth rate in electricity consumption, with automotive manufacturing, general equipment manufacturing, specialized equipment manufacturing, and instrumentation manufacturing all exceeding 5% growth [1]. - The new energy vehicle manufacturing sector continued to grow rapidly, with electricity consumption increasing by 28.7% year-on-year [1]. Group 5: Third Industry Growth - The third industry's electricity consumption continued to grow rapidly, driven by advancements in mobile internet, big data, and cloud computing, with the internet and related services sector seeing a 27.4% year-on-year increase [1]. - The wholesale and retail sector's electricity consumption grew by 11.4%, with the charging and swapping service sector experiencing a remarkable 42.4% increase [1].

Core Viewpoint - Shanxi Province's electricity consumption in the first half of the year reached 156.96 billion kWh, showing a year-on-year growth of 6.3%, indicating a stable and improving economic performance [1][3] Group 1: Electricity Consumption by Sector - The first sector's electricity consumption was 1.40 billion kWh, up 6.81% year-on-year [1] - The second sector's electricity consumption was 1,126 billion kWh, increasing by 5.05% year-on-year [1] - The third sector's electricity consumption was 254.67 billion kWh, with a growth of 12.18% year-on-year [1] - Residential electricity consumption reached 174.9 billion kWh, growing by 6.29% year-on-year [1] Group 2: Industrial Electricity Consumption - Industrial electricity consumption increased by 5.17% year-on-year, reflecting the acceleration of transformation and upgrading [2] - Electricity consumption in the non-ferrous metal mining and selection industry grew by 23.97%, while the petroleum, coal, and other fuel processing industries saw a 16.41% increase [2] - The coal mining and washing industry experienced a 7.98% rise in electricity consumption [2] - The photovoltaic equipment and components manufacturing industry saw a significant increase of 671.83% in electricity consumption [2] Group 3: Growth in New Energy and Services - New energy vehicle manufacturing, medical instrument manufacturing, urban rail transit equipment manufacturing, and instrument manufacturing experienced electricity consumption growth rates of 197.09%, 36.5%, 27.2%, and 25.63% respectively [2] - The service sector's electricity consumption grew by 12.48%, with internet data services increasing by 43.28% [2] - The charging and swapping service industry saw a remarkable increase of 91.1% in electricity consumption due to the promotion of heavy-duty electric vehicle policies and the popularity of residential new energy vehicles [2] - The tourism industry grew by 14.78%, positively impacting wholesale and retail electricity consumption, which increased by 27.8% [2]

Core Insights - The new energy vehicle manufacturing industry continues to experience rapid growth, with electricity consumption in this sector increasing by 28.7% year-on-year in the first half of the year [2] Electricity Consumption Overview - In June, the total electricity consumption reached 867 billion kilowatt-hours, a year-on-year increase of 5.4% [1] - For the first half of the year, total electricity consumption was 48,418 billion kilowatt-hours, up 3.7% year-on-year, with industrial electricity generation accounting for 45,371 billion kilowatt-hours [1] - The first industry consumed 676 billion kilowatt-hours, growing by 8.7%; the second industry consumed 31,485 billion kilowatt-hours, up 2.4%; and the third industry consumed 9,164 billion kilowatt-hours, increasing by 7.1% [1] Sector-Specific Electricity Consumption - High-tech and equipment manufacturing sectors showed a leading growth rate in electricity consumption, with a combined increase of 3.8%, surpassing the average manufacturing growth rate by 1.7 percentage points [2] - Specific sectors such as automotive manufacturing (8.8%), general equipment manufacturing (6.8%), specialized equipment manufacturing (5.5%), and instrumentation manufacturing (5.3%) all exceeded 5% growth in electricity consumption [2] - The information transmission/software and IT services sector saw a 14.8% increase, while the internet and related services grew by 27.4% [2] - The wholesale and retail sector's electricity consumption rose by 11.4%, with the electric vehicle charging and swapping service sector experiencing a significant increase of 42.4% [2] Residential Electricity Consumption - From January to June, urban and rural residential electricity consumption reached 7,093 billion kilowatt-hours, a year-on-year increase of 4.9% [3] - In June alone, residential electricity consumption hit 1,291 billion kilowatt-hours, marking a 10.8% increase [3] - Regions such as Chongqing, Zhejiang, Shanghai, and Sichuan reported substantial increases in residential electricity consumption, with growth rates of 40.9%, 33.7%, 32.2%, and 29.5% respectively [3] Peak Electricity Load - Since July, the national maximum electricity load has been consistently breaking historical records, reaching 15.06 million kilowatts on July 16, an increase of 0.55 million kilowatts compared to the previous year [4] - The electricity supply-demand situation is expected to remain generally balanced by 2025, despite potential tightness during peak summer periods [4]

Core Insights - China's electricity consumption has shown steady growth in 2023, with a total of 3.97 trillion kilowatt-hours used from January to May, representing a year-on-year increase of 3.4% [1] - The growth in electricity consumption reflects the resilience and vitality of the national economy, which is progressing steadily despite external pressures [1] Group 1: First Industry - Electricity consumption in the primary industry reached 54.3 billion kilowatt-hours, with a year-on-year growth of 9.6%, indicating a sustained rapid growth trend [1] - The modernization of agricultural infrastructure and the transformation of agricultural production methods have led to new electricity consumption scenarios [1] - Specific growth rates in electricity consumption for livestock, agriculture, and fisheries were 15.5%, 7.2%, and 4.5% respectively [1] Group 2: Second Industry - The secondary industry consumed 2.59 trillion kilowatt-hours, with a year-on-year increase of 2.2% [1] - High-tech and equipment manufacturing sectors saw a 3.3% increase in electricity consumption, surpassing the overall growth rate of the manufacturing sector [1] - Notable growth in electricity consumption was observed in the automotive, general equipment, specialized equipment, and computer/electronic device manufacturing sectors, all exceeding 4.5% [1] - Consumption in the consumer goods manufacturing sector decreased by 0.3%, but there has been a rebound in growth rates for most consumer goods manufacturing sub-sectors related to foreign trade since May [1] Group 3: Third Industry - The tertiary industry consumed 740.6 billion kilowatt-hours, with a year-on-year growth of 6.8% [2] - The information transmission/software and IT services sector experienced a significant increase of 13.8%, with the internet and related services growing by 26.2% [2] - The wholesale and retail sector also saw a year-on-year increase of 10.8%, with the charging and swapping service sector growing by 42.4% [2] - The rapid growth in the tertiary industry is driven by the booming digital economy and increasing demand for new energy vehicle charging services [2] Group 4: Future Projections - According to the "China Electric Power Industry Annual Development Report 2025," the total electricity consumption in 2024 is projected to reach 98.54 trillion kilowatt-hours, with a year-on-year growth of 6.8%, an increase of 0.1 percentage points from the previous year [2] - The national power system is expected to operate stably, with a general balance between electricity supply and demand [2]

Group 1: Electricity Consumption Trends - In May, total electricity consumption reached 809.6 billion kWh, with a year-on-year growth of 4.4%, indicating a moderate overall increase but significant structural differentiation [3] - The primary industry saw an 8.4% increase in electricity consumption, reflecting accelerated agricultural modernization and rural infrastructure development, particularly in livestock and smart agriculture [3] - The secondary industry experienced a slower growth of 2.1%, likely due to structural adjustments in the industrial sector, with high-energy-consuming industries being regulated while high-tech manufacturing, such as automotive and general equipment manufacturing, showed strong performance with growth rates of 8.4% and 6.1% respectively [3] Group 2: Sector-Specific Insights - The tertiary industry and residential electricity consumption grew by 9.4% and 9.6% respectively, indicating a recovery in the service sector, particularly in charging and swapping services for electric vehicles, which is directly related to the proliferation of new energy vehicles and the expansion of the digital economy [3][4] - The rapid growth of the charging and swapping service industry suggests significant market potential for supporting infrastructure for new energy vehicles [4] - Internet and related services saw a remarkable 29.8% increase in electricity consumption, highlighting the emergence of AI and cloud computing as major electricity consumers, which may present investment opportunities in computing infrastructure and data center construction [4] Group 3: Investment Opportunities - The growth in high-tech and equipment manufacturing, particularly in the new energy vehicle supply chain, is noteworthy, with BYD's battery installation volume reaching nearly 28.5 GWh in May, a year-on-year increase of over 50%, indicating a boom in the new energy vehicle sector [3] - The implementation of green electricity direct connection policies is significant, as it encourages companies to enhance energy efficiency and opens new opportunities in distributed photovoltaics and energy storage [5] - Long-term investment focus should be on leading companies in high-tech manufacturing, especially in the new energy vehicle and high-end equipment sectors, as well as in the new energy generation and storage industries, which are expected to see stable growth due to advancing green electricity policies [5]

Core Insights - The transformation of the Qiaoshun electric heavy truck charging station in Changzhi, Shanxi Province, from a corn starch processing plant to a charging station has created a new revenue stream, with a total capacity of 6,300 kW and 26 charging piles, serving over 150 vehicles daily and consuming approximately 20,000 kWh of electricity [1] - The electric heavy truck ownership in Shanxi Province exceeds 10,000 units, highlighting the importance of infrastructure development, such as dedicated charging stations, to support the growth of green transportation [1] - The Changzhi power supply company has secured 197 million yuan in special funding for grid upgrades and has proactively planned for the expansion of substations to accommodate the growing demand for electric heavy trucks [1] Industry Developments - In the first quarter of this year, the electricity consumption of the charging and swapping service industry in Changzhi reached 196 million kWh, marking a year-on-year increase of 114.47% [2] - The city is progressing well with the construction of 13 key industrial park charging stations, with plans to build over 2,000 public charging piles throughout the year [2] - The State Grid Shanxi Electric Power Company is actively promoting the establishment of self-built electric heavy truck charging stations, with plans to construct five additional stations this year, which will include 31 dual-gun charging piles, capable of servicing over 300 electric heavy trucks daily [2]