深圳能源(000027.SZ)公告称，公司与深圳市投控东海投资有限公司、深圳市引导基金投资有限公司、 深圳市福田引导基金投资有限公司及深圳市新吉源资产管理有限公司签署了《合伙协议》，拟共同发起 设立新能源产业基金，基金规模为人民币10亿元，其中公司作为有限合伙人认缴出资额为人民币1000万 元。该基金将主要投资于新能源领域，包括数字电网、充换电设施、风光水电、天然气、氢能、节能环 保等领域核心材料和元器件、关键零部件及产品、综合解决方案、基础设施建设等。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

人民财讯10月16日电，深圳能源(000027)10月16日公告，公司近日与深圳市投控东海投资有限公司、深 圳市引导基金投资有限公司、深圳市福田引导基金投资有限公司及深圳市新吉源资产管理有限公司签署 了《深圳市深投控东海新能源产业私募股权投资基金合伙企业(有限合伙)合伙协议》，拟共同发起设立 深圳市深投控东海新能源产业私募股权投资基金合伙企业(有限合伙)(简称"新能源产业基金")。新能源 产业基金规模为10亿元，其中公司作为有限合伙人认缴出资额为1000万元。 ...

格隆汇10月16日丨深圳能源(000027.SZ)公布，公司与深圳市投控东海投资有限公司（简称：投控东 海）、深圳市引导基金投资有限公司（简称：深圳市引导基金）、深圳市福田引导基金投资有限公司 （简称：福田引导基金）及深圳市新吉源资产管理有限公司（简称：新吉源）签署了《深圳市深投控东 海新能源产业私募股权投资基金合伙企业（有限合伙）合伙协议》，拟共同发起设立深圳市深投控东海 新能源产业私募股权投资基金合伙企业（有限合伙）（暂定名，具体以市场监督管理部门核准登记为 准，简称：新能源产业基金、基金或合伙企业），新能源产业基金由投控东海作为基金管理人（基金管 理人备案编号：P1017037），基金规模为人民币10亿元，其中公司作为有限合伙人认缴出资额为人民 币1,000万元。合伙企业应将可投资金额100%投资于新能源领域，主要包括数字电网、充换电设施、风 光水电、天然气、氢能、节能环保等领域核心材料和元器件、关键零部件及产品、综合解决方案、基础 设施建设等。 ...

Group 1 - The core point of the news is that Beijing Jiasilongbo Investment Management Co., Ltd. has pledged 175 million shares of Jiazhe New Energy, accounting for 7.2% of the total share capital, indicating significant shareholder activity and potential liquidity concerns [1] - As of the announcement date, the total pledged shares by Beijing Jiasilongbo Investment Management Co., Ltd. amount to 175 million shares, which is 44.57% of its total holdings, while another shareholder, GLP Renewable Energy Investment I Limited, has pledged 195 million shares, representing 77.45% of its holdings [1] - The cumulative pledged shares of the top ten shareholders of Jiazhe New Energy are significant, reflecting a trend of increasing leverage among major stakeholders [1] Group 2 - Jiazhe New Energy reported a revenue of 1.31 billion yuan for the first half of 2025, a year-on-year increase of 5.87%, and a net profit attributable to shareholders of 460 million yuan, up 11.59% year-on-year [3] - In Q2 2025, the company achieved a quarterly revenue of 650 million yuan, which is a 1.14% increase year-on-year, and a net profit of 220 million yuan, reflecting a 2.44% year-on-year growth [3] - The company has a debt ratio of 70.5%, with investment income of 6.1977 million yuan and financial expenses of 233 million yuan, while maintaining a gross profit margin of 59.97% [3] Group 3 - Jiazhe New Energy's main business includes the development, construction, operation, and sale of renewable energy power stations, as well as operation and maintenance management services for these stations, distributed photovoltaic systems, renewable energy industry funds, and the construction of renewable energy equipment manufacturing industrial parks [4]

Core Viewpoint - The company is transitioning from a "Northern Wind Power Merchant" to a "National Energy Solution Provider," emphasizing its innovative business model and strong operational capabilities to become a comprehensive renewable energy supplier [1][2]. Group 1: Business Model and Strategy - The company adopts a unique business model of "rolling development + core holding," focusing on asset liquidity, national business expansion, and value chain extension to reshape its development trajectory [1][2]. - The company has established five synergistic business segments: renewable power station development, operation and sale, operation management services, rooftop distributed photovoltaic systems, and renewable energy equipment manufacturing [3][4]. Group 2: Operational Efficiency - The company boasts a wind turbine utilization rate of 98%-99%, exceeding the industry average by over 3 percentage points, attributed to a refined operational management system [2][3]. - The operational management business has become a significant growth point, managing nearly 1GW of third-party power stations, enhancing both internal efficiency and external service offerings [4]. Group 3: Growth and Financial Performance - Since its listing, the company has seen substantial growth, with installed capacity increasing from less than 1GW to 2.28GW, revenue rising from 800 million to 2.4 billion, and net profit climbing from 165 million to 630 million [4][5]. - The company has a pipeline of 2GW of wind power projects under construction, expected to support continued growth over the next three years [5]. Group 4: Future Outlook - The company is exploring the "New Energy +" strategy, focusing on green fuel sectors like green methanol, driven by increasing international demand for green fuels [5]. - The company aims to integrate green electricity with chemical processes, leveraging its operational advantages to meet the green fuel demand and promote sustainable low-carbon development [5].

导语："投资大家谈"是点拾投资的公益内容栏目，希望通过每周日不定期的推送，让更多人看到 基金经理对投资和市场的思考。"投资大家谈"栏目内容以公益类的分享为主，不带有基金产品的 代码和信息，也必须来自基金经理的内容创作。 下面，我们分享来自景顺长城基金科技军团的5月思考。一直以来，景顺长城科技军团通过持续 深耕产业链，不断取得前沿、深度的投资洞见。他们也是买方基金公司中，少数提供持续观点分 享的投研团队，相信这一期的5月观点，也能帮助大家理解景顺长城科技军团的投研思考。 最后，也欢迎大家持续给我们投稿！可以发送邮件到：azhu830@yeah.net 杨锐文：看好内需、自主可控和反内卷方向 资机会。同时医药板块长期受益于人口老龄化，而且估值消化的比较充分，具备中长期配置价 值。 周寒颖：关注自主可控和信创、内需标的、被错杀的出海品种、贵金属板块 中美之间的关税对抗对市场情绪的影响已经接近修复，中美博弈的走向和对内政策决定了未来的 操作思路。基于我们对中美关税战结果的乐观预期，关注自主可控和信创板块、长期受益的内需 标的、被错杀的出海品种及贵金属板块方面的投资机会。未来中国的政策将围绕降低储蓄率和扩 大内需做文章 ...