（文章来源：证券日报） 证券日报网12月10日讯中国天楹在12月10日回答调研者提问时表示，作为中国天楹在吉林布局的核心项 目之一，辽源一期绿色甲烷项目创新性采用"绿电电解水制氢+绿色CO2合成"的工艺，配套建设 104000Nm³/h制氢装置，核心设备包含104台单台产氢量1000Nm³/h的碱性电解槽，同时配备17个2000m³ 氢气球罐以平抑风电波动对生产的影响。甲烷装置产能为18万吨/年。产品主要面向欧洲陆上及海运交 通业的减碳市场，实现了绿电就地消纳与碳资源的高效循环利用。整体来看，辽源天楹氢基能源一体化 项目为吉林省"绿氢+"产业标志性工程，规划建设20座制氢厂房、365台7.15MW风力发电机组、4套秸 秆直燃系统，以及1×17万吨绿色甲醇和2×18万吨绿色甲烷装置，全部建成后可年产绿色甲醇10万吨、 绿色甲烷19万吨，实现离网风电全容量就地消纳。截至目前，辽源项目一期工程计划于2026年二季度末 具备绿色甲醇生产能力；化工板块10座制氢厂房、22个储氢罐正加紧施工，56台电解槽已进场安装。 ...

证券代码：000035 证券简称：中国天楹 2）请问公司围绕"一带一路"进行了哪些海外业务布局？ 答：公司积极构建国内国际双循环发展新格局，以全球化视野统 筹资源配置和市场开拓。在海外市场，公司重点布局"一带一路"沿 线国家，依托自主创新的垃圾焚烧发电核心技术以及从前端清扫到末 端处置的全产业链服务能力，采取 BOT、EPC 等多元化模式拓展海外业 务。公司充分发挥技术输出和资本运作优势，在"一带一路"沿线国 家实施本土化战略，将成熟的运营管理体系与当地市场需求有机结合。 2025 年，公司持续发挥海外布局先发优势与品牌优势，积极获取 "一带一路"沿线国家优质固废处置项目，在保障海外在建项目顺利 推进的同时，将海外业务布局延伸至环卫服务等前端领域，实现从单 一项目运营商向综合环境服务商的转型升级。通过国内国际市场的良 性互动，打造具有全球竞争力的环保与氢基能源产品产业生态，持续 提升公司在绿色低碳领域的国际影响力。 3）展望未来，公司国际化战略的核心方向与关键实施路径是什 么？ 答：今年 8 月，公司越南河内朔山生活垃圾焚烧发电项目完成扩 容 COD 验收，项目总装机容量从 75MW 提升至 90MW 并全面 ...

Group 1: Energy Storage - In November, domestic energy storage completed a total of 10GW/29.7GWh in bidding, with independent storage projects accounting for 90% of the total. The average bid price for 2/4h systems was 0.594/0.494 CNY/Wh, showing a slight decrease compared to October. It is expected that independent storage bidding will maintain a good level in 2026, supported by the development of the industry and a complete revenue model through energy, capacity, and ancillary service markets [4] - The logic for overseas energy storage continues to evolve, with the overall electricity shortage in the U.S. remaining unchanged. Future technological advancements are expected to be a key focus, with attention on overseas storage and SST opportunities. Demand for energy storage in non-U.S. countries is also anticipated to rise, such as in Middle Eastern data centers and Ukraine's reconstruction efforts [4] Group 2: Hydrogen and Ammonia - The Jilin Provincial Ecological Environment Department has accepted the environmental impact report for a project by Liao Yuan Tian Yi Hydrogen Energy Technology Co., Ltd., which aims to produce 180,000 tons of green methane annually. This project is part of the "wind-solar-storage-hydrogen-ammonia integration" series under a government framework agreement. The hydrogen and ammonia sector is expected to gain more investment due to dual benefits from China's future industries and the EU's carbon tariff in 2026 [5] Group 3: Lithium Battery - Production in December is expected to remain stable, with demand anticipated to improve in January. The market is currently negotiating on the demand side regarding domestic energy storage bidding expectations for 2026, while also monitoring the sales of new energy vehicles. On the supply side, the lithium battery industry is experiencing a "reverse involution" logic, establishing a trend of supply-demand improvement. Short-term expectations for lithium hexafluorophosphate are already high, and various segments are gradually entering long-term contract signing phases. Mid-term investment opportunities should focus on lithium mines with significant supply variability and membrane segments where profitability does not support expansion [6]

Investment Ratings - The report maintains a "Buy" rating for both the power equipment and environmental protection sectors [1]. Core Views - The report expresses a positive outlook on the hydrogen, ammonia, and methanol sectors, as well as the energy storage industry chain, highlighting significant investment opportunities [2][20]. - Domestic energy storage has shown strong bidding data, with November seeing a total of 10GW/29.7GWh completed, predominantly from independent storage projects [1][6]. - The report emphasizes the ongoing demand for energy storage in the U.S. and other countries, particularly in the context of data centers and reconstruction efforts in Ukraine [2][6]. - The hydrogen, ammonia, and methanol sectors are expected to gain more investment due to favorable policies and market conditions, particularly in light of the EU's carbon tariff [2][20]. Summary by Sections Energy Storage - Domestic energy storage remains robust, with high levels of bidding activity and production expected to continue into 2026 [1][6]. - The U.S. continues to face electricity shortages, driving demand for energy storage solutions, particularly in data centers [2][6]. - The report notes that the independent energy storage market is expected to establish a complete revenue model through various market segments [1]. Wind Power - The report indicates a significant increase in domestic wind power installations, with a 52.86% year-on-year growth in new installations from January to October 2025 [8][12]. - The bidding capacity for wind power equipment has also seen substantial growth, with a 90% increase in 2024 compared to the previous year [12][20]. Lithium Battery - The report highlights a stable production outlook for lithium batteries, with expectations for strong demand in December, particularly from the new energy vehicle sector [21][24]. - The supply chain for lithium materials is expected to stabilize, with a focus on investment opportunities in lithium mines and separators [21][24]. Investment Recommendations - The report suggests focusing on companies involved in overseas wind power and energy storage, particularly those that can benefit from the growing demand in Europe and the U.S. [20][24].

来源：智通财经 2019年，"推动充电、加氢等设施建设" 首次写入《政府工作报告》，标志着氢能产业正式进入国家政 策视野；"十四五"规划建议进一步提出在氢能与储能等领域组织实施未来产业孵化与加速计划；2025年 起施行的国内首部《能源法》，首次从法律层面明确了氢能的能源地位，将其纳入能源管理体系。 10月底颁布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（下称《建议》）提 出，前瞻布局未来产业，氢能成为被点名的新经济增长点之一。这提振了业界对未来五年氢能发展的信 心。 当前中国氢能产业快速发展，多项指标位居全球首位。 国家能源局于4月发布的《中国氢能发展报告（2025）》（下称《报告》）显示，2024年中国氢能全年 生产消费规模超3650万吨，位列全球第一位。 中国氢能联盟秘书长万燕鸣表示，目前中国的绿氢年产能已超22万吨，占全球的50%以上；建成的加氢 站已经超过540座，占全球的40%。 同时，氢能产业相关创新技术不断涌现，电解水制氢成本降至20-30元/公斤区间，较2020年下降近 40%，带动绿色氨醇、长输管道、海洋氢能等领域加快突破。 在10月召开的2025年中国氢能产业大会上，国 ...

Group 1: Industry Overview - The "15th Five-Year Plan" marks a new phase of comprehensive market-oriented development for the renewable energy sector, focusing on "scale expansion" and "quality improvement" [1] - By 2035, the total installed capacity of wind and solar power in China is targeted to exceed 3.6 billion kilowatts, with non-fossil energy accounting for over 30% of the energy mix [2] - The plan emphasizes the integration of renewable energy with traditional industries and the promotion of new business models such as green electricity direct connection and virtual power plants [2][3] Group 2: Policy and Strategic Initiatives - The "15th Five-Year Plan" aims to accelerate the construction of a new energy system, focusing on increasing the share of renewable energy and ensuring a reliable transition from fossil fuels [3] - Key initiatives include the development of distributed energy, zero-carbon factories, and parks, which are essential for implementing new energy concepts [3] - The dual-driven effect of policy and market forces is expected to significantly enhance the high-quality and stable development of renewable energy enterprises [3] Group 3: Company Performance - China Tianying (000035.SZ) reported a remarkable net profit of 102 million yuan for Q3 2025, a year-on-year increase of 2905.15%, driven by industry growth and technological innovation [4] - The company focuses on technological innovation as its core competitive advantage, investing in research and development across the hydrogen energy value chain [4][5] - China Tianying's projects, such as those in Liaoyuan and Anda, exemplify the integration of renewable energy generation, storage systems, and hydrogen production, enhancing energy utilization efficiency [5] Group 4: Future Outlook - The implementation of the "15th Five-Year Plan" is expected to create broader development opportunities for the renewable energy industry [6] - China Tianying's focus on technological innovation and project execution positions it as a leader in the transition from an "energy power" to an "energy strong country" [6]