上市企业：金风科技（002202）,明阳智能（601615）,运达股份（300772）,上海电气（601727）,中材科 技（002080）,节能风电（601016）,泰胜风能（300129）,东方电气（600875）,湘电股份（600416）,天 顺风能（002531） 相关报告：智研咨询发布的《2025-2031年中国风力发电行业市场竞争策略及未来发展潜力报告》 根据国家统计局数据显示：2025年6月中国风力发电量产量为738亿千瓦时，同比增长3.2%；2025年1-6 月中国风力发电量累计产量为5533.1亿千瓦时，累计增长10.6%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：国家统计局，智研咨询整理 ...

Core Viewpoint - The National Bureau of Statistics spokesperson Fu Linghui announced that China's energy supply is undergoing a green transition, leading to an increase in investment demand for clean energy sources, with a significant growth in investment in solar, wind, nuclear, and hydropower from January to July [1] Investment Growth - From January to July, the total investment in solar, wind, nuclear, and hydropower in China increased by 21.9% year-on-year [1]

Group 1 - Gansu Province's electricity generation reached 190.3 billion kWh in June 2025, marking an 8.8% year-on-year increase [1] - In the first half of 2025, Gansu Province generated 551.3 billion kWh of electricity, reflecting a 4.1% year-on-year growth [1] - By type, thermal power generation accounted for 566.4 billion kWh, representing 52.1% of total generation, with a year-on-year increase of 9.5% [1] - Hydropower generation was 118.9 billion kWh, making up 10.9% of total generation, but saw a decline of 13.4% year-on-year [1] - Wind power generation reached 256.2 billion kWh, constituting 23.6% of total generation, with a year-on-year growth of 10.5% [1] - Solar power generation was 145.92 billion kWh, accounting for 13.4% of total generation, with a year-on-year increase of 6.1% [1] Group 2 - The report by Zhiyan Consulting covers the energy industry market research and investment outlook from 2025 to 2031 [1] - The statistical scope of the report includes large-scale industrial enterprises with annual main business income of 20 million yuan and above [2] - The data is adjusted to ensure comparability with previous years, accounting for changes in the scope of large-scale industrial enterprises [2] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [2]

Group 1 - In June 2025, Qinghai Province's electricity generation was 7.89 billion kWh, a year-on-year decrease of 2.9% [1] - In the first half of 2025, Qinghai Province's electricity generation reached 23.33 billion kWh, a year-on-year increase of 2.8% [1] - By type, in the first half of 2025, thermal power generation was 6.14 billion kWh, accounting for 12.2% of total generation, with a year-on-year decrease of 11.6% [1] - Hydropower generation was 22.28 billion kWh, accounting for 44.1% of total generation, with a year-on-year increase of 6.4% [1] - Wind power generation was 7.59 billion kWh, accounting for 15% of total generation, with a year-on-year increase of 9.5% [1] - Solar power generation was 14.495 billion kWh, accounting for 28.7% of total generation, with a year-on-year decrease of 2.9% [1]

Core Insights - The report highlights the performance of the energy sector in Xinjiang, with a total electricity generation of 455.4 billion kWh in June 2025, showing a year-on-year decline of 0.7% [1] - In the first half of 2025, Xinjiang's total electricity generation reached 1,361.2 billion kWh, reflecting a year-on-year growth of 0.4% [1] Generation Breakdown - Thermal power generation accounted for 1,850.5 billion kWh, representing 69.9% of the total generation, with a year-on-year decrease of 3.7% [1] - Hydropower generation was 162.7 billion kWh, making up 6.1% of the total, and saw a year-on-year increase of 7.2% [1] - Wind power generation totaled 376.2 billion kWh, constituting 14.2% of the total, with a year-on-year decline of 3.3% [1] - Solar power generation reached 259.03 billion kWh, accounting for 9.8% of the total, and experienced a significant year-on-year growth of 29.8% [1]

Core Viewpoint - China Everbright Greentech (01257.HK) reported a decline in revenue for the first half of 2025, with a total of HKD 3.4 billion, a decrease of 3% compared to the same period last year, while net profit attributable to shareholders increased by 33% to HKD 191 million [1] Financial Performance - Revenue for the first half of 2025 was HKD 3.4 billion, down 3% year-on-year [1] - Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to HKD 974 million, a decrease of 11% compared to the previous year [1] - Net profit attributable to equity shareholders was HKD 191 million, reflecting a 33% increase year-on-year [1] - The interim dividend declared was HKD 0.028 per share [1] Business Operations - The company’s main business segments include biomass comprehensive utilization, hazardous and solid waste disposal, environmental remediation, photovoltaic power generation, and wind power [1] - As of June 30, 2025, the company has secured 142 environmental investment projects with a total investment of approximately RMB 30.65 billion [1] - The company has undertaken 70 light asset projects related to environmental remediation, with a total contract value of approximately RMB 1.855 billion [1] Market Expansion - During the review period, the company added a heating supply capacity of 520,000 tons and launched its first biogas project, increasing biogas production capacity by 10 million tons annually [1] - The company secured new environmental remediation contracts worth approximately RMB 128 million [1] - The electricity sales business achieved a signed electricity volume of 750 million kilowatt-hours for the year [1] Renewable Energy Projects - As of June 30, 2025, the total installed capacity of the company’s photovoltaic projects reached 176.12 megawatts, primarily located in Jiangsu Province, Hong Kong, and Germany [1] - In Hong Kong, the company has a total of 13 photovoltaic projects with a combined designed capacity of 3.60 megawatts [1] - The company’s wind power projects have a total installed capacity of 96 megawatts, mainly located in Shanxi Province [1]

Core Viewpoint - The spokesperson of the National Bureau of Statistics, Fu Linghui, indicated that as China's energy supply undergoes a green transition, the demand for investment in clean energy is expanding, with a significant increase in investment in solar, wind, nuclear, and hydropower generation from January to July, showing a year-on-year growth of 21.9% [1] Investment Growth - From January to July, the total investment in solar, wind, nuclear, and hydropower generation in China has increased by 21.9% year-on-year [1]

Core Insights - The report from the Wind Energy Association of Ireland (WEI) indicates that wind energy generation in July reached 786 GWh, with Cork County producing 85 GWh and Kerry County 84 GWh, marking Cork's first time surpassing Kerry as the leading wind energy producer [1] - Wind energy accounted for 31% of Ireland's electricity generation in the first seven months of this year [1] - WEI highlights that the existing power grid is insufficient to handle the electricity produced by wind farms, and the revised national development plan allocates €3.5 billion for grid infrastructure improvements, facilitating a transition to cleaner and cheaper electricity [1]

Group 1 - The core viewpoint of the news highlights the performance of Hunan Province's power generation in 2025, indicating a mixed trend with an overall increase in thermal power generation and a significant decline in hydropower generation [1] - In June 2025, Hunan Province's power generation reached 141.7 billion kilowatt-hours, representing a year-on-year growth of 5.9% [1] - In the first half of 2025, Hunan Province's total power generation was 428.4 billion kilowatt-hours, showing a year-on-year decrease of 1.7% [1] Group 2 - In the first half of 2025, thermal power generation was 488.9 billion kilowatt-hours, accounting for 59.1% of the total power generation, with a year-on-year increase of 14.2% [1] - Hydropower generation in the same period was 193.2 billion kilowatt-hours, making up 23.3% of the total, but experienced a year-on-year decline of 28.7% [1] - Wind power generation was 111.8 billion kilowatt-hours, representing 13.5% of the total, with a slight year-on-year decrease of 1.4% [1] - Solar power generation reached 33.73 billion kilowatt-hours, accounting for 4.1% of the total, and saw a significant year-on-year increase of 59.8% [1]

Core Viewpoint - Yunnan Energy Investment Co., Ltd. has successfully connected the first batch of wind turbines from the Yongning Wind Farm expansion projects in Luxi and Mile to the grid, contributing to the company's total installed capacity of renewable energy [1][3][4] Project Overview - The Yongning Wind Farm expansion project in Luxi has a total installed capacity of 235,000 kW, with the first two wind turbines having a combined capacity of 12,500 kW, expected to generate an annual electricity output of 51,806 million kWh [1][2] - The Yongning Wind Farm expansion project in Mile has a total installed capacity of 230,000 kW, with the first three wind turbines having a combined capacity of 21,450 kW, expected to generate an annual electricity output of 52,900 million kWh [2][3] Impact on the Company - The completion and grid connection of the wind farm expansion projects align with national and provincial energy development strategies, enhancing the company's renewable energy capacity and core competitiveness, and positively impacting the company's operational performance in 2025 [3][4] - The projects are expected to contribute to local economic development and support Yunnan Province's carbon neutrality goals [3]