2026 年 3 月 3 日 星期二 每日大市点评 昨日港股下跌。恒生指数及国企指数分别收报 26,059.85 点及 8,701.91 点，下跌 2.1%及 1.8%。港股成交合共 3,577 港 元，较上周五的 2,884 亿港元，下跌 24.0%，或反映投资者轮动交易情况。分类指数方面，能源、原材料、公用事业业指 数分别上升 4.0%、3.1%、0.1%；医疗保健、金融、非必需性消费则分别下跌 3.4%、3.3%、3.1%。蓝筹个股方面，信义玻 璃(868 HK)及中国宏桥(1378 HK)领涨，分别上升 12.4%及 7.2%；京东健康(6618 HK)及汇丰控股(5 HK)领跌，皆分别下跌 5.2%。 近日美国及以色列攻击伊朗，这无疑加深地缘政治危机，以及影响石油及天然气等传统能源供应。WTI 原油价格上涨至 70 美元近月高水平，虽然如此，仍远低于 2022 年俄乌军事冲突爆发时候的 100 至 115 美元水平。黄金价格则上升至今年初 的 5,300 美元高水平。在此次战争情况下，相关港股板块表现出传统投资逻辑。"三桶油"上升 2.6%-5.6%，金矿股例如 招金矿业(1818 HK)上升 6. ...

记者从国家能源局了解到，目前，我国已有3259万千瓦绿电直连项目推进实施，进一步打通新能源消 纳"最后一公里"。国家能源局今天发布数据显示，目前，全国有84个绿电直连项目已完成审批，新能源 总装机规模3259万千瓦。电力规划设计总院能源政策与市场研究院院长凡鹏飞介绍，绿电直连是指电源 不再直接接入公共电网，而是通过与用户相连的电力线路直接向用户供电。现阶段，绿电直连的电源主 要是风能、太阳能、生物质能等新能源。各地绿电直连应用场景也在向多元化发展，内蒙古乌兰察布建 设全国首个数据中心绿电直连项目，新能源年自发自用电量8.5亿千瓦时。新疆探索零碳园区和增量配 电网建设绿电直连项目。黑龙江齐齐哈尔市规划建设离网型制氢制醇绿电直连项目，新能源规模120万 千瓦。（央视新闻） ...

Group 1 - The core viewpoint of the news is the implementation of the "Implementation Opinions on Improving the National Unified Electricity Market System" by the State Council, which outlines the goals and tasks for the electricity market over the next 5 to 10 years [1] - The implementation opinions emphasize the need to improve cross-provincial and cross-regional electricity trading systems, promoting regular market transactions between State Grid and Southern Grid, and increasing the scale of cross-regional transmission and the proportion of clean energy delivery [1] - The opinions also encourage greater participation of private enterprises in the electricity market and aim to refine the electricity pricing mechanism primarily determined by supply and demand, prohibiting local governments from unlawfully implementing preferential pricing policies [1] Group 2 - The China Securities report indicates that during the "14th Five-Year Plan" period, the country faces a contradiction between increasing decarbonization pressure and slowing growth in new energy installations, necessitating policy support for further low-carbon transitions [1] - A national capacity pricing policy is set to be introduced in January 2026, which will encourage the construction of stable power sources and open up space for new energy installations, while providing high-yield investment options for power companies [1] - The report estimates that even with lower capacity price subsidies, the profitability of energy storage projects will improve, potentially driving demand for energy storage not only in northern regions but also in central and eastern provinces [1] Group 3 - The ChiNext New Energy Index covers various segments of the new energy and electric vehicle industries, including batteries and photovoltaics, and is the only new energy index on the ChiNext with a 20% daily price fluctuation limit [2] - The ChiNext New Energy ETF (159368) is characterized by high elasticity, with a maximum increase of 20%, and has the lowest fees, with a total management and custody fee of only 0.2% [2] - The ETF has a nearly 90% allocation to energy storage and solid-state batteries, aligning with current market trends [2]

Core Viewpoint - The stock price of Zhejiang Chint Power (002150) has seen a significant increase of 23.17% from February 6 to February 11, 2026, amid large block trades and clarifications regarding its business focus on inverters and energy storage, excluding photovoltaic cell components [1][2]. Recent Events - On February 6, 2026, Chint Power's stock hit a limit up with a closing price of 25.73 yuan, marking a 10.00% increase, with a net inflow of 145 million yuan from main funds. By February 11, the stock closed at 28.81 yuan, up 2.45%, continuing a three-day upward trend, with a notable block trade of 10.604 million yuan on the same day [2]. - The company clarified through its investor interaction platform that its new energy segment focuses on inverters and energy storage devices, and it does not currently engage in the research or production of photovoltaic cells or components [2]. Stock Performance - The stock has shown strong performance recently, rising from a closing price of 25.73 yuan on February 6 to 28.81 yuan on February 11, with a total fluctuation of 29.20%, peaking at 29.88 yuan. The trading volume was active, with a turnover rate of 7.76% and a transaction amount of 805 million yuan on February 11 [3]. - Fund flow analysis indicates a net inflow of 145 million yuan on February 6, followed by a net inflow of 3.1567 million yuan on February 11, while retail funds experienced a net outflow of 17.6595 million yuan. As of February 10, the financing balance was 260 million yuan, reflecting a decrease of 28.85% over the past five days [3]. Institutional Views - The latest institutional target price for Chint Power is set at 23.67 yuan, indicating a negative upside potential compared to the current price. Profit forecasts suggest a projected net profit growth of 39.06% year-on-year for 2025 and 35.76% for 2026. There have been no new institutional surveys recently, with ratings primarily remaining neutral [4].

2月9日，鄂州纪检监察公众号消息：经批准，中国三峡新能源（集团）股份有限公司纪委、湖北省鄂州 市监委对内蒙古三峡蒙能能源有限公司原党委委员、副总经理贝耀平严重违纪违法问题进行了立案审查 调查。 经查，贝耀平理想信念丧失，毫无纪法意识，党性修养缺失，违反政治纪律，搞迷信活动；无视中央八 项规定精神，违规收受礼品，多次接受可能影响公正执行公务的宴请、旅游活动安排，将应当由本人支 付的费用安排管理和服务对象支付，长期借用管理和服务对象车辆；违反组织原则，为管理和服务对象 亲属调动工作并收受财物；廉洁底线失守，违规拥有非上市公司股份；违反生活纪律；违反国家法律法 规，在招标及采购工作中泄露内部信息；贪婪腐化，私欲膨胀，靠企吃企，疯狂敛财，利用职务便利以 及职权地位形成的便利条件，为他人在工程承揽、设备采购等方面谋取利益，并非法收受巨额财物。 贝耀平严重违反党的政治纪律、中央八项规定精神、组织纪律、廉洁纪律和生活纪律，构成严重职务违 法并涉嫌受贿犯罪，且在党的十八大后不收敛、不收手，性质严重、影响恶劣，应予严肃处理。依据 《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有 关规定 ...

Core Viewpoint - The company, Zhengtai Power (002150.SZ), has clarified that it does not engage in the research and development or manufacturing of photovoltaic cells or modules, focusing instead on inverters and energy storage equipment within its renewable energy segment [1]. Group 1 - The company's renewable energy segment is centered around inverters and energy storage devices [1]. - There is no involvement in the research, development, or manufacturing of photovoltaic cells or modules [1].

Core Viewpoint - The company, Chint Power, has stated on its interactive platform that its new energy segment focuses on inverters and energy storage devices, and it does not currently engage in the research and production of photovoltaic cells or modules [2] Group 1 - Chint Power's new energy segment centers around inverters and energy storage equipment [2] - The company is not involved in the development or manufacturing of photovoltaic cells or modules [2]

Group 1: Core Insights - China Energy Construction Anhui Electric Power Construction Company has recently won bids for the Hefei Pearl Cultural and Sports Center project and the Zhongmei Xinjie Energy Co., Ltd. 250 MW wind farm project, indicating a strong performance in both infrastructure and renewable energy sectors [1][5] Group 2: Hefei Pearl Cultural and Sports Center Project - The Hefei Pearl Cultural and Sports Center project is located in the Hefei Economic Development Zone, covering approximately 95.3 acres with a planned construction area of about 110,000 square meters [3] - The project will include a multifunctional sports venue, ice sports center, youth activity center, and a comprehensive gymnasium, serving as a landmark public building in the area [3] - Upon completion, the project is expected to fill the gap in cultural and sports facilities in the southern part of Hefei Economic Development Zone, enhancing regional service levels and driving urban functionality and economic development [3] Group 3: Zhongmei Xinjie Energy Wind Farm Project - The Zhongmei Xinjie Energy wind farm project, located in Mingguang City, Anhui Province, is a key renewable energy initiative with a total installed capacity of 500 MW [5] - The project employs a "dual site synchronous promotion" model, with each of the two sites (Lingdong and Lingxi) planned for 250 MW capacity [5] - The awarded Lingdong 250 MW wind farm will install 40 wind turbines, each with a capacity of 6.25 MW, significantly enhancing clean energy supply in the eastern Anhui region and contributing to sustainable economic development [5]

Core Viewpoint - The 2025 Central Economic Work Conference emphasizes the need to lead with "dual carbon" goals and promote a comprehensive green transition, particularly highlighting the expansion of green electricity applications [1][8]. Group 1: Green Electricity Market Development - The scale and activity of green electricity trading have significantly increased, with a total trading volume of 328.5 billion kilowatt-hours in 2025, representing a year-on-year growth of 38.3%. The trading volume of green certificates reached 930 million, up 120% year-on-year [1][9]. - The consumption of green electricity is expanding into multiple sectors beyond industry, including transportation, construction, and residential life. The rapid growth of new energy vehicles has notably increased the demand for green electricity in the charging sector [2][9]. - A robust policy framework supporting green electricity consumption is being established, with plans to create a well-regulated green certificate market by 2027, combining mandatory and voluntary consumption mechanisms [2][9]. Group 2: Challenges in Green Electricity Application - There is a lack of a unified and authoritative certification standard for green electricity consumption, making it difficult to recognize and quantify the environmental value of green electricity [3][10]. - The connection between policy and market mechanisms needs improvement, as existing regulations do not effectively integrate green electricity trading results into regional energy consumption assessments and carbon emission reporting systems [3][10]. - The market trading rules and institutional framework require enhancement, as the coexistence of direct trading and certificate trading models leads to inconsistencies in market rules and pricing mechanisms [3][10]. Group 3: Strategies for Promoting Green Electricity - A systematic approach is needed to improve the green electricity trading market mechanism, enhance supply capacity, and stimulate consumption potential [4][11]. - The construction of large-scale wind and solar power bases in desert and arid regions should be accelerated, along with the integration of renewable energy sources and energy storage technologies [6][12]. - Incentives for green electricity consumption should be refined, including financial support policies and tax incentives for both enterprises and residents, to lower the cost of using green electricity [7][13].

长江商报消息 ●长江商报记者 沈右荣 大股东增持计划顺利推进，三峡能源（600905.SH）已经获得大股东7.99亿元增持。 2月2日，在投资者互动平台上，三峡能源回复投资者提问时表示，截至2025年12月末，公司大股东已累 计斥资7.99亿元增持公司股份。 2025年4月9日晚，三峡能源公告，大股东三峡集团计划以不低于15亿元、不超过30亿元增持公司股份， 增持期限为12个月。 这是三峡能源自2021年6月登陆A股市场以来大股东第二次增持。此前的2023年10月至2024年10月，三 峡集团累计出资3亿元进行增持。 截至2025年末，三峡集团及其一致行动人合计持有三峡能源53.34%股权。 三峡能源主要从事风能、太阳能的开发、投资和运营。2025年，公司完成发电量约763亿千瓦时，继续 保持增长。 受电价调整影响，三峡能源的经营业绩增长承压。2025年前三季度，公司实现的归母净利润为43.13亿 元，同比下降15.31%。即便如此，公司整体盈利能力仍然较强。 回溯公告，2025年4月9日，三峡能源发布控股股东增持计划公告，基于对三峡能源未来发展的信心，三 峡集团计划在未来12个月内通过二级市场增持公司股份， ...