在"十四五"规划收官之际，中国电力系统正迎来历史性转折。 近日，国际环保机构绿色和平与上海国际问题研究院联合发布的《迈向"十五五"：中国电力低碳转型新 常态与新机遇》研报指出，随着风电与光伏装机总量在2025年第一季度首次超过火电，中国电力结构转 型已迈入新阶段。截至2025年9月底，全国可再生能源装机占比达59.1%，清洁能源在电力供应中的主 体地位进一步巩固。 然而，在风光装机跃进的背后，煤电装机仍保持高位增长，形成"清洁扩容与传统惯性"并存的结构性张 力。 《中国经营报》记者梳理发现，截至2025年6月，全国仅吉林省煤电装机出现下降，其余省份均持平或 增长。其中内蒙古、山东、江苏、新疆、山西五省（区）煤电累计装机规模居前，广西、湖南等省 （区）在"十四五"期间煤电装机增幅甚至超过40%。这一现象反映出当前电力系统转型的复杂性与区域 性差异。 绿色和平能源低碳发展项目组在上述研报中指出，尽管光伏装机在多数省份超额完成"十四五"目标—— 如河南、重庆、江苏、浙江完成率均超300%，福建更是突破400%——但2025年年初出台的"136号 文"终结了固定上网电价制度，导致光伏新增装机在政策执行后出现显著下滑。 ...

11月20日4点23分，内蒙古能源集团金山热电厂2×100万千瓦煤电联营扩建项目（以下简称金山三期项 目）5号机组汽轮机首次冲转一次成功，转速平稳升至额定3000转／分钟，标志着5号机组正式进入整套 启动试运核心阶段，为后续机组并网及168小时满负荷试运行奠定了基础。 下一步，金山第三热电公司将有序推进机组并网各项试验及168小时满负荷试运行准备工作，确保机组 如期并网投产，为呼和浩特高质量集中供热及工业用汽需求提供有力保障，为内蒙古自治区经济社会发 展贡献更大力量。（马瑞琴） 当日1点55分，在确认主汽及再热蒸汽系统各项参数完全符合冲转条件后，汽轮机挂闸冲转指令正式下 达。暖阀、暖机、升速各环节有序衔接。集控室内，监盘人员紧盯汽轮机本体关键参数画面。 （文章来源：新华财经） "轴系振动正常、轴瓦温度正常、胀差正常……"各项参数稳定通过的喜讯不断传来。在汽轮机定速3000 转／分钟后，经各方联合检查，机组运行参数均符合技术规范，各系统运行安全稳定。 为保证冲转一次成功，金山第三热电公司多次组织参建各方及相关单位召开专题会议，反复审议和优化 机组整套启动方案，制定了全方位的安全技术保障措施。同时，对影响冲转定速 ...

Core Viewpoint - The company aims to transition from quantity to quality during the "15th Five-Year Plan" period, focusing on energy supply security and low-carbon transformation, with specific targets for coal and renewable energy capacity [1][4]. Group 1: Company Positioning and Strategy - The company is positioned as a key player in energy security, industrial structure adjustment, and dual-carbon action, focusing on three main responsibilities: ensuring electricity supply, promoting energy structure optimization, and expanding diversified services [1][2]. - The company plans to increase its coal power capacity to over 15 million kilowatts and renewable energy capacity to over 10 million kilowatts during the "15th Five-Year Plan" [1][4]. Group 2: Market Challenges and Opportunities - The transition of the power industry towards clean and low-carbon sources presents both challenges and opportunities for the company, which must adapt to this trend by increasing its renewable energy investments [2][3]. - The growth in energy demand from the "Three Regions and One District" construction in Anhui provides strategic support for the company's expansion both within and outside the province [2]. Group 3: Strategic Implementation and Achievements - The company has successfully implemented three key strategies: expanding its scale through regional development, structural adjustment for renewable energy, and innovation-driven growth, achieving significant milestones in both domestic and external markets [2][3]. - The company has established a strong presence in Xinjiang with four high-efficiency coal power units, contributing approximately 1.5 billion yuan in annual profit [2]. Group 4: Future Goals and Development Plans - The company aims to enhance its role as a state-owned enterprise in energy security and aims to become a leading comprehensive power service provider by the end of the "15th Five-Year Plan" [4][5]. - The company will actively pursue projects aligned with national and provincial energy plans, focusing on both coal and renewable energy developments to meet dual-carbon goals [4][5]. Group 5: Social Responsibility and Digital Transformation - The company is committed to social responsibility, having donated 12.75 million yuan to support rural revitalization, and plans to deepen its assistance programs [4][5]. - The company is also advancing digital transformation initiatives, with projects recognized for their innovative applications in the industry [4].

证券日报网讯上海电气（601727）11月17日在互动平台回答投资者提问时表示，公司是全球领先的工业 级绿色智能系统解决方案提供商，始终坚持"服务国家战略、发展新质生产力、实现高质量发展"的战略 方向，聚焦于能源装备、工业装备、集成服务三大业务板块。我们的业务遍及全球，在能源装备领域， 上海电气拥有煤电、核电、风电、气电、太阳能发电、储能、输配电等业务；工业装备领域涵盖电梯、 工业基础件、电机、智能制造装备等；集成服务领域涵盖电站工程与服务、输配电工程与服务、自动化 工程与服务等业务。 ...

Core Viewpoint - The stock of State Power Investment Corporation (电投产融) has experienced fluctuations, with a recent decline of 2.05%, while the company has shown an overall increase in stock price of 18.16% year-to-date [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 3.65 billion yuan, a year-on-year decrease of 7.66%, and a net profit attributable to shareholders of 617 million yuan, down 19.20% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 2.579 billion yuan, with 1.626 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders is 111,200, a decrease of 22.25% from the previous period, while the average circulating shares per person increased by 28.62% to 48,427 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 26.486 million shares, an increase of 4.7503 million shares from the previous period [3]. Market Activity - The stock has been active in the market, appearing on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the latest appearance on May 13, where it recorded a net purchase of 145 million yuan [1]. - The stock's trading volume on November 17 was 878 million yuan, with a turnover rate of 2.24% and a total market capitalization of 38.491 billion yuan [1].

答案是肯定的。以四川为例，这里水能资源丰富，水电是主力电源。不过，一组数据耐人寻味： 2024年，四川用电负荷持续增长，占全省电力装机总容量不到10%的煤电装机，在全年枯水期完 成发电量335.03亿千瓦时，提供了四川主网三分之一以上电量。换句话说，煤电对四川电力保供 起到重要作用。 近年来，我国大力发展可再生能源，加快能源绿色低碳转型取得积极成效。但受可再生能源电力 随机性、波动性影响，煤电仍将在一定时期内在电力系统中发挥兜底保障和支撑调节作用。 当前，煤电是保障电力安全稳定供应的"压舱石"。多位参会嘉宾提及，通过提升灵活调节能力和 低碳化发展水平等方式，煤电也可以变得更"绿"。其中，《新一代煤电升级专项行动实施方案 （2025—2027年）》明确提出"度电碳排放水平应较2024年同类型机组降低10%—20%"等要求。 □四川日报全媒体记者 尹梦奇 "随着新能源占比不断提高的新型电力系统加快建设，煤电将由基础保障性电源转为支撑调节性电 源，这是煤电定位的重大调整。"11月13日，东方电气集团在成都举办新一代煤电升级改造技术交 流会，国家发展改革委能源研究所相关负责人现场分享了我国能源结构转型的最新动态。 于 ...

Core Viewpoint - The company is actively expanding its coal and gas power generation capacity, with significant projects scheduled for completion between 2025 and 2027 [1] Group 1: Coal Power Generation - The company currently has 8 million kilowatts of coal power generation capacity under construction [1] - It is expected that approximately 3 to 5 million kilowatts will be put into operation by the end of 2025 [1] - The remaining coal power projects are anticipated to be completed and operational between 2026 and 2027 [1] Group 2: Gas Power Generation - The company has about 2.942 million kilowatts of gas power generation capacity under construction [1] - These gas power projects are also planned to be operational between 2026 and 2027 [1] - The actual commissioning dates will be adjusted based on the progress of project construction [1]

Core Insights - Inner Mongolia Energy Group is focusing on the transformation of traditional coal power to clean, efficient, and flexible energy solutions through comprehensive upgrades of coal-fired units, significantly improving energy efficiency and overall benefits [1][3] Group 1: Technological Innovations - Xing'an Thermal Power Company has implemented a "micro-project" approach to address transformation challenges, enhancing energy conservation and carbon reduction while ensuring heating supply [1] - The company completed a 12-kilometer pipeline expansion, improving insulation by 30% and optimizing valve control logic, resulting in an average return water temperature reduction of 8°C and saving 37,433 tons of standard coal [1] - The boiler combustion system was optimized, reducing the minimum stable combustion load from 40% to 25%, supporting peak regulation for the power grid [1] Group 2: Investment and Project Development - The Ustai Thermal Power Plant has initiated a large-scale coal power coupling molten salt thermal storage project, with a total investment of approximately 110 million yuan, utilizing 40MW/120MWh molten salt storage technology [2] - The project aims to enhance the peak regulation capability of coal power units, reducing the peak generation difficulty and increasing renewable energy consumption by 40 million kWh annually [2] Group 3: Efficiency Improvements - Changcheng Power Company has invested over 20 million yuan to optimize its power generation units, achieving a 20% deep adjustment capability [3] - The company has implemented various energy-saving measures, such as repairing vacuum leaks and reducing air leakage rates, leading to a decrease in coal consumption [3] - A specialized coal blending team was established to enhance fuel utilization efficiency through intelligent management systems, minimizing losses and blending errors [3]

Core Viewpoint - The stock of State Power Investment Corporation Financial Holdings Co., Ltd. has shown a positive trend, with a year-to-date increase of 14.20% and a recent rise of 2.07% on November 7, 2023, indicating strong market interest and potential investment opportunities [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 3.65 billion yuan, a year-on-year decrease of 7.66%, and a net profit attributable to shareholders of 617 million yuan, down 19.20% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 2.579 billion yuan, with 1.949 billion yuan distributed over the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 22.25% to 111,200, while the average circulating shares per person increased by 28.62% to 48,427 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.75 million shares to 26.486 million shares, and Southern CSI 500 ETF, which reduced its holdings by 536,000 shares to 23.506 million shares [3]. Market Activity - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on May 13, 2023, where it recorded a net purchase of 145 million yuan [1]. - As of November 7, 2023, the stock price was 6.91 yuan per share, with a total market capitalization of 37.199 billion yuan [1].

Group 1 - The company Guangzhou Development has appointed Ms. Jiang Yun as the secretary of the ninth board of directors, with a term ending on December 28, 2026 [1] - For the first half of 2025, the revenue composition of Guangzhou Development is as follows: coal accounts for 44.2%, pipeline gas 21.39%, oil products 11.75%, coal power 7.91%, gas power 5.35%, and wind power 5.25% [1] - As of the report date, the market capitalization of Guangzhou Development is 24.1 billion yuan [1]