证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 瀚蓝环境(600323.SH) 投资评级 买入 上次评级 买入 郭雪 环保联席首席分析师 执业编号：S1500525030002 邮 箱：guoxue @cindasc.com 吴柏莹 环保行业分析师 执业编号：S1500524100001 邮 箱：wuboying@cindasc.com 执业编号：S1500525030002 邮 箱：guoxue @cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦 B座 邮编：100031 [Table_Title] 内生业务稳健增长，粤丰并表锦上添花 [Table_ReportDate] 2025 年 8 月 27 日 [Table_S 事件：瀚蓝环境发布 ummary] 2025 年半年度报告。2025 年上半年公司实现营业收 入 57.63 亿元，同比减少 1.05%；实现归母净利润 9.67 亿元，同比增加 8.99%；扣非后净利润 9.12 亿元，同比增加 ...

最近关于Constellation Energy的消息显示，该公司与科技巨头Meta Platforms签订了一项重大协议，以满 足超大规模数据中心的能源需求。这一合作不仅体现了数据中心对能源的巨大需求，也展示了 Constellation Energy在行业中的重要角色。作为一家综合性能源公司，Constellation Energy的业务涵盖发 电、分销和零售等方面，这使得其在与科技公司合作时具备相当的优势。 然而，虽然这一合作为Constellation Energy提供了潜在的增长机会，但市场情绪的变化却使得股价短期 内承压。一些投资者可能对短期内的盈利能力表示疑虑，尤其是在经济数据可能影响整体行业表现的情 况下。此外，随着市场对全球事件的敏感度增加，投资者在评估能源企业风险时也更加谨慎。 来源：市场资讯 （来源：美股情报站） 在最新的市场行情中，Constellation Energy（CEG）的股价于8月13日下降了3.23%。这一跌幅引发了不 少投资者对其后续走势的关注，尤其是在能源市场不断变化的背景下。 展望未来，投资者应关注几个关键因素，包括经济数据的变化、公司财务报表的表现以及全球事件对能 ...

Core Insights - The Meixi Lake D District Energy Station has officially entered the equipment installation phase, marking a significant step in the development of the "near-zero carbon demonstration area" [1] - The project is expected to achieve initial energy supply conditions by the end of 2025, utilizing advanced technologies such as thermal source towers and water storage cooling [1][3] - The energy station will cover an area of approximately 2 million square meters, benefiting thousands of residents and enhancing the living experience with efficient heating and cooling solutions [3] Project Details - The D District Energy Station is located at the intersection of Xuesong Road and Songbai Road in the northeast corner of Meixi Lake Phase II, providing stable energy support for the area [3] - The energy station aims to maintain indoor temperatures around 24°C, with energy costs reduced by 37% compared to traditional air conditioning systems [3] - The external pipeline system for the energy station is being rapidly constructed, with plans to connect to various residential projects in the Meixi Lake Phase II area [3] Future Developments - The Meixi Lake International New City plans to establish five energy stations, with a total energy supply area of 7 million square meters [5] - In addition to the operational BC station and the under-construction D station, the F District Energy Station is scheduled to begin construction in the second half of 2025, while E and G stations are in the planning stages [5] - The ongoing development of the energy network aims to position Meixi Lake International New City as a leading green low-carbon demonstration area, contributing significantly to Changsha's dual carbon goals [5]