Core Viewpoint - The company is focusing on developing a "three-dimensional virtual power plant" system to enhance operational efficiency and reliability while also engaging in carbon trading and energy storage projects [2][3]. Company Overview - Zhejiang Xinhonggang Thermal Power Co., Ltd. was established on October 17, 1997, and listed on July 7, 2021. The company primarily engages in the production and supply of thermal and electric power through cogeneration [7]. - The main revenue composition includes steam (71.77%), electricity (cogeneration) (16.60%), compressed air (6.89%), coal (2.48%), electricity (energy storage) (2.03%), and others (0.16%) [7]. Financial Performance - For the first quarter of 2025, the company reported operating revenue of 174 million yuan, a year-on-year decrease of 20.46%, and a net profit attributable to shareholders of 15.45 million yuan, down 39.20% year-on-year [8]. Market Activity - On August 21, the company's stock rose by 2.32%, with a trading volume of 199 million yuan and a turnover rate of 5.38%, bringing the total market capitalization to 3.713 billion yuan [1]. Investment Projects - The company plans to construct a "three-dimensional virtual power plant" system to monitor and analyze operational data, which will improve efficiency and safety [2]. - The company has also announced plans to invest in energy storage projects through its wholly-owned subsidiary, Zhejiang Yuesheng Energy Storage Technology Co., Ltd. [2]. Carbon Management - The company aims to become a regional comprehensive energy supply center and carbon neutrality center, focusing on improving efficiency and coupling reduction measures to lower carbon emissions [3]. - As of April 10, 2022, the company had a carbon emissions quota of 2.6483 million tons, with a surplus of 500,100 tons, representing a surplus ratio of 18.88% [2].

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Zhejiang New Zhonggang Thermal Power Co., Ltd, which has a current stock price of 8.75 yuan and a rolling PE ratio of 25.66 times, with a total market capitalization of 3.505 billion yuan [1][2] - The company operates in the public utility sector, where the average industry PE ratio is 25.81 times and the median is 26.80 times, placing New Zhonggang at the 12th position within the industry [1][2] - As of March 31, 2025, the number of shareholders for New Zhonggang has increased to 21,303, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1] Group 2 - The main business of the company involves the production and supply of thermal products, electricity products, and compressed air through cogeneration, with key products including steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating revenue of 174 million yuan, a year-on-year decrease of 20.46%, and a net profit of 15.45 million yuan, down 39.20% year-on-year, with a sales gross margin of 24.54% [1]

来源：新浪证券-红岸工作室 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 8月12日，新中港涨0.34%，成交额6911.97万元，换手率1.94%，总市值35.81亿元。 异动分析 虚拟电厂+碳交易+储能+节能环保+碳中和 1、2023年5月23日互动易：公司可转债募投项目是有计划建设"三维虚拟电厂"系统的内容。即：利用传 感器、监控系统、三维建模技术、数据分析技术，实时收集和分析发电厂的运行数据，并将其与数字模 型、厂区三维模型进行比对和验证，实现电厂运行状态的可视化、模拟和分析。监测电厂运行、提高电 厂的效率、可靠性和安全性。公司的"三维虚拟电厂"属于公司内部信息系统，不同于可调度电网负荷 的"虚拟电厂"。公司"三维虚拟电厂"项目完成后，也为进一步实现可调度电网负荷的"虚拟电厂"创造条 件。 2、根据2022年4月10日公告：2019 年和 2020 年合计碳排放配额 264.83 万吨，排放 214.83 万吨，结余 50.01 万吨，结余比例为 18.88%。 2021 年 12 月出售了 50 万吨 3、2024年1月关于投资建设储能项目的公告：公司通 ...

Group 1 - The core viewpoint of the article highlights the performance and market position of Zhejiang New Zhonggang Thermal Power Co., Ltd., which has a current stock price of 8.84 yuan, reflecting a 1.26% increase, with a rolling PE ratio of 25.92 times and a total market capitalization of 3.541 billion yuan [1] - The company operates in the public utility sector, with an average industry PE ratio of 25.89 times and a median of 26.91 times, ranking 12th among its peers [1] - As of the first quarter of 2025, four institutions hold shares in New Zhonggang, including three QFIIs, with a total holding of 30.1735 million shares valued at 2.266 billion yuan [1] Group 2 - The main business of the company involves the production and supply of thermal products, electricity products, and compressed air through cogeneration, with key products including steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - The latest financial results for the first quarter of 2025 show the company achieved an operating income of 174 million yuan, a year-on-year decrease of 20.46%, and a net profit of 15.4537 million yuan, down 39.20% year-on-year, with a sales gross margin of 24.54% [1] - The article provides a comparative analysis of PE ratios and market capitalizations of various companies in the public utility sector, with New Zhonggang's PE (TTM) at 25.92 times, compared to the industry average of 25.89 times and the industry median of 26.91 times [2]

Group 1 - The core viewpoint of the article highlights the performance and market position of Zhejiang New Zhonggang Thermal Power Co., Ltd, which has a current stock price of 8.73 yuan and a rolling PE ratio of 25.60 times, with a total market capitalization of 3.497 billion yuan [1][2] - The company operates in the utility sector, where the average PE ratio is 25.82 times and the median is 27.08 times, placing New Zhonggang at the 12th position within the industry [1][2] - As of the first quarter of 2025, four institutions hold shares in New Zhonggang, with a total of 30.1735 million shares valued at 2.266 billion yuan [1] Group 2 - The main business of the company involves the production and supply of thermal products, electricity products, and compressed air through cogeneration, with key products including steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - The latest financial results for the first quarter of 2025 show that the company achieved an operating income of 174 million yuan, a year-on-year decrease of 20.46%, and a net profit of 15.4537 million yuan, down 39.20% year-on-year, with a gross profit margin of 24.54% [1]

Company Overview - Zhejiang New Zhonggang Thermal Power Co., Ltd. primarily engages in the production and supply of thermal products, electricity, and compressed air through cogeneration [1] - The company's main products include steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - New Zhonggang is the first thermal power plant in Zhejiang Province to pass ultra-low emission acceptance [1] Financial Performance - As of the first quarter of 2025, the company reported operating revenue of 174 million yuan, a year-on-year decrease of 20.46% [1] - The net profit for the same period was 15.45 million yuan, down 39.20% year-on-year [1] - The sales gross margin stood at 24.54% [1] Market Position - The company's current stock price is 8.94 yuan, with a decline of 1.22% [1] - The rolling price-to-earnings (PE) ratio is 26.22, compared to the industry average of 26.28 and the industry median of 27.43 [1][2] - New Zhonggang ranks 12th in the public utility sector based on PE ratio [1] Shareholding Structure - As of the first quarter of 2025, four institutions hold shares in New Zhonggang, including three QFIIs and one other entity, with a total shareholding of 30.17 million shares valued at 226.6 million yuan [1]

Company Overview - Zhejiang New Zhonggang Thermal Power Co., Ltd. primarily engages in the production and supply of thermal products, electricity products, and compressed air through cogeneration [1] - The main products include steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - The company sells electricity products to the State Grid Corporation for end-user supply [1] - It is the first thermal power plant in Zhejiang Province to pass ultra-low emission acceptance for the entire plant [1] Financial Performance - As of the latest quarterly report for Q1 2025, the company achieved operating revenue of 174 million yuan, a year-on-year decrease of 20.46% [1] - The net profit for the same period was 15.45 million yuan, reflecting a year-on-year decline of 39.20% [1] - The sales gross margin stood at 24.54% [1] Market Position - The company's current stock price is 9.12 yuan, down 1.83%, with a rolling price-to-earnings (PE) ratio of 26.75 times [1] - The total market capitalization is 3.653 billion yuan [1] - In terms of industry PE rankings, the average PE for the public utility sector is 26.52 times, with a median of 27.71 times, placing the company at the 12th position [1][2] Shareholder Information - As of March 31, 2025, the number of shareholders for New Zhonggang is 21,303, an increase of 793 from the previous count [1] - The average market value of shares held by each shareholder is 352,800 yuan, with an average holding of 27,600 shares [1]

Group 1 - The core viewpoint of the articles indicates that Zhejiang New Zhonggang Thermal Power Co., Ltd. has experienced a decline in stock price and financial performance, with a current closing price of 9.55 yuan, down 4.31% [1] - The company's rolling price-to-earnings (PE) ratio is 28.01 times, which is higher than the industry average of 26.70 times and the industry median of 28.01 times, ranking 13th in the public utility sector [1][2] - As of the first quarter of 2025, four institutions hold shares in New Zhonggang, with a total holding of 30,173.50 million shares valued at 2.266 billion yuan [1] Group 2 - The main business of the company involves the production and supply of thermal products, electricity products, and compressed air through cogeneration [1] - The company's latest financial results for the first quarter of 2025 show an operating income of 1.74 million yuan, a year-on-year decrease of 20.46%, and a net profit of 15.45 million yuan, down 39.20% year-on-year, with a gross profit margin of 24.54% [1]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Zhejiang New Zhonggang Thermal Power Co., Ltd, which has a current stock price of 10.92 yuan and a rolling PE ratio of 32.02 times, indicating a decline of 1.62% [1] - The company's total market capitalization is 4.374 billion yuan, and it ranks 15th in the public utility industry, which has an average PE ratio of 26.37 times and a median of 29.45 times [2] - As of March 31, 2025, the number of shareholders has increased to 21,303, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - The main business of the company involves the production and supply of thermal products, electricity products, and compressed air through cogeneration, with key products including steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal [1] - The latest quarterly report for Q1 2025 shows a revenue of 174 million yuan, representing a year-on-year decrease of 20.46%, and a net profit of 15.45 million yuan, down 39.20% year-on-year, with a sales gross margin of 24.54% [1]

Group 1 - The core stock price of New Zhonggang closed at 9.39 yuan, up 9.95%, with a rolling PE ratio of 27.54, marking a new low in 270 days, and a total market value of 3.761 billion yuan [1] - The average PE ratio for the public utility industry is 26.77, with a median of 27.54, placing New Zhonggang at the 13th position within the industry [1] - As of March 31, 2025, New Zhonggang had 21,303 shareholders, an increase of 793 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - New Zhonggang's main business involves the production and supply of thermal products, electricity products, and compressed air through cogeneration [1] - The company's primary products include steam, electricity (cogeneration), electricity (energy storage), compressed air, and coal, with electricity sold to the State Grid Corporation for end users [1] - New Zhonggang is the first thermal power plant in Zhejiang Province to pass ultra-low emission acceptance for the entire plant [1] Group 3 - In the latest quarterly report for Q1 2025, New Zhonggang reported operating revenue of 174 million yuan, a year-on-year decrease of 20.46%, and a net profit of 15.4537 million yuan, down 39.20%, with a sales gross margin of 24.54% [1]