长江商报消息 ●长江商报记者 黄聪 受房地产市场调整等影响，中国能建（601868.SH、03996.HK）利润虽在下滑，但公司增长韧性进一步 彰显。 12月13日，中国能建发布公告显示，公司两海外项目获得贷款额度16.54亿元和16.84亿元，合计33.38亿 元。 近3年，中国能建国际业务签约、营业收入、利润总额、投资完成额基本保持两位数增长，增幅稳居中 央企业前列。 2025年前三季度，中国能建国际业务新签合同额、营业收入与利润总额同比分别增长12.67%、 21.21%、21.29%。 与此同时，2025年前三季度，中国能建实现新签合同额、营业收入、利润总额分别为9927.75亿元、 3235.44亿元、85.07亿元，分别同比增长0.40%、9.62%、0.09%，整体经营呈现"主业更强、结构更优、 韧性更足"的良好态势。 而且，前三季度，中国能建战略性新兴产业营业收入同比增长16.75%，占比38.81%，新质生产力加速 形成，产业结构持续向高端化升级。 国际业务营收增21.21% 中国能建是一家为我国乃至全球能源电力、基础设施等行业提供系统性、一体化、全周期、一揽子发展 方案和服务的科技创新型、 ...

Summary of Key Points from Conference Call Records Industry Overview - The global power grid infrastructure is facing a significant demand for upgrades, driven by aging equipment in Europe and North America, and the dual impact of renewable energy development and aging infrastructure in Asia, Africa, and Latin America [1][2][3] - The demand for modern, efficient, and sustainable smart grid systems is urgent across various regions due to the need for infrastructure modernization and the integration of renewable energy sources [3] Regional Investment Demand - **Europe**: Faces severe aging of grid equipment, with many devices over 40 years old. A projected investment of approximately €2 trillion is needed by 2050 to address these issues [5] - **North America**: Similar aging issues, compounded by a surge in power demand from data centers and AI, which may account for over 10% of total load in the coming years [3] - **Asia and Africa**: Rapid development is noted, with countries like Indonesia and Singapore needing significant upgrades to their grid systems to accommodate new energy structures [3] - **Latin America**: Brazil's grid infrastructure is lagging behind its investments in solar and wind projects, leading to power outages that affect economic activities [3] Chinese Power Equipment Companies - Chinese power equipment firms primarily export to Europe and the U.S. through local agents or single-unit sales, facing certification barriers. In non-European markets, they utilize direct sales and partnerships to expand market share [1][6] - The penetration rate of Chinese power equipment in Europe is low, estimated at around 5% in 2024, with projections of 7-8% in 2025. In Brazil, the penetration is estimated at 20-30% [11] - Chinese companies have a competitive edge in cost and delivery capabilities, but face challenges in brand recognition and trust in international markets [8][10] Market Opportunities and Challenges - The global demand for IGBT and related core components is high, particularly in flexible DC transmission projects, with supply shortages being a significant issue [9] - Chinese companies are capitalizing on the booming demand in the Middle East, South Asia, and East Asia, leveraging their cost advantages and flexible service offerings [10] - International competitors like Schneider, Siemens, and ABB are expanding production, particularly in transformer manufacturing, but face long construction cycles [7][8] Competitive Landscape - Chinese power equipment firms are increasingly recognized in the Middle East, with high-end products gaining acceptance, although they still face quality perception issues [7] - In contrast, Western companies maintain a strong foothold in the market due to established relationships and cultural recognition among local decision-makers [12] Future Outlook - The outlook for Chinese high-voltage direct current (HVDC) technology is promising, with significant projects already underway in Brazil and Saudi Arabia, showcasing China's competitive advantages in technology, equipment supply, and project management [14][15][16] - The global DC transmission project market is experiencing rapid growth, with China positioned as a key player, particularly in regions where they can offer comprehensive solutions [15][16]

Core Viewpoint - The notification emphasizes the importance of enhancing safety management in electrochemical energy storage systems to prevent major accidents and ensure reliable operation throughout the project lifecycle [1][2][3]. Group 1: Safety Management Enhancements - The notification calls for improving the intrinsic safety level of battery systems through accelerated research and technological advancements in battery safety, as well as standardizing design and manufacturing processes [1]. - Project units are required to conduct comprehensive safety evaluations during the feasibility study phase and to perform safety checks post-construction or trial operation, ensuring timely rectification of any identified issues [2]. Group 2: Standards and Regulations - There is a push for the development and revision of standards related to the design, construction, acceptance, grid connection, and operation of electrochemical energy storage projects, with a focus on aligning with mandatory national standards for storage battery products [2][3]. - The notification outlines the necessity for all electrochemical energy storage projects to comply with regulatory requirements and clearly define safety management responsibilities during the project registration process [2]. Group 3: Interdepartmental Coordination - The notification stresses the need for enhanced communication and coordination among various departments, including energy, emergency management, industrial and information technology, market supervision, and fire rescue, to establish a collaborative working mechanism [3]. - It encourages the sharing of monitoring data and information regarding the construction and operation of electrochemical energy storage systems to address significant issues promptly [3]. Group 4: Corporate Responsibility - Project units are mandated to take full responsibility for safety management throughout the entire lifecycle of the project, from planning and design to construction, operation, and decommissioning [3]. - The notification highlights the importance of integrating safety considerations into all aspects of electrochemical energy storage development to promote high-quality growth in the sector [3].

Core Viewpoint - The article discusses the recent notification from the National Energy Administration regarding the enhancement of safety management in electrochemical energy storage projects, emphasizing the need for improved safety standards, inter-departmental collaboration, and the establishment of clear responsibilities for safety oversight [1][3][5]. Group 1: Safety Management Enhancements - The notification aims to elevate the inherent safety levels of battery systems and encourages the industrial and information technology departments to accelerate research on battery safety and promote technological advancements in electrochemical energy storage [3][4]. - It mandates that project units conduct comprehensive safety evaluations during the feasibility study phase and perform safety checks post-construction or trial operation, ensuring the reliability of projects throughout their lifecycle [4]. Group 2: Standardization and Regulation - The notification calls for the refinement of standards and regulations related to the design, construction, acceptance, grid connection, and operation of electrochemical energy storage stations, with a focus on aligning with national mandatory standards for storage battery products [4][5]. - It emphasizes the necessity for all electrochemical energy storage projects to comply with legal and regulatory requirements for filing, ensuring that safety responsibilities are clearly defined in the project documentation [4][5]. Group 3: Inter-Departmental Collaboration - The notification highlights the importance of inter-departmental collaboration and information sharing, advocating for joint research, training, inspections, and law enforcement among relevant departments [2][5]. - It proposes the establishment of a mechanism for reporting and jointly addressing fire incidents related to electrochemical energy storage [2][5]. Group 4: Corporate Responsibility - Project units are required to take on the primary responsibility for safety management throughout the entire project lifecycle, from planning and design to construction, operation, and decommissioning [5]. - The notification stresses the need for a robust safety culture within companies, including regular risk assessments and the establishment of emergency response capabilities to prevent safety incidents [5].

Core Viewpoint - The notice issued by multiple government departments emphasizes the importance of enhancing safety management in electrochemical energy storage systems to prevent major accidents and ensure high-quality development in the sector [1][2][5]. Group 1: Safety Management Enhancements - The notice calls for improving the inherent safety level of battery systems and accelerating research on battery safety by the industrial and information technology departments [2][3]. - It highlights the need for comprehensive safety condition evaluations and facility assessments for electrochemical energy storage projects during feasibility studies and post-construction [3][4]. Group 2: Standardization and Regulation - There is a push to further refine standards and regulations related to the design, construction, acceptance, grid connection, and operation of electrochemical energy storage stations [3][4]. - The notice mandates that all electrochemical energy storage projects must comply with legal and regulatory requirements for filing and clearly define safety responsibilities [4][5]. Group 3: Interdepartmental Coordination - The notice stresses the importance of interdepartmental collaboration and information sharing among energy, emergency management, industrial and information technology, market supervision, and fire rescue departments [4][5]. - It encourages the establishment of mechanisms for joint research, training, inspections, and enforcement to enhance safety monitoring and response to major issues [4]. Group 4: Corporate Responsibility - Companies involved in electrochemical energy storage projects are required to take on primary responsibility for safety management throughout the project lifecycle, from planning to decommissioning [4][5]. - The notice emphasizes the need for rigorous safety hazard identification and risk management to ensure safe operations and prevent accidents [4].