越秀资本的新能源业务发展迅速，成为本次业绩会上投资者关注的焦点。王恕慧介绍，近年来，在"双 碳"目标引领下，我国新能源发展成效显著，装机规模稳居全球第一，发电量占比持续提升，成本大幅 下降。2025年上半年，全国新增并网的光伏装机211.61GW，同比增长106.49%；风电新增并网装机 51.39GW，同比增长98.88%。近期随着《关于深化新能源上网电价市场化改革促进新能源高质量发展的 通知》等一系列政策的实施，新能源项目上网电量全面进入电力市场，上网电价由市场机制形成，并配 套建立可持续发展电价结算机制，区分存量和增量项目分类施策，标志着行业进入高质量发展的新阶 段，公司持有光伏电站全部属于政策划定的存量范围。公司新能源业务经营情况良好，上半年公司并表 范围内新能源电站发电总量78.10亿度，实现电费收入24.23亿元，同比增长122.69%；子公司越秀新能 源实现营业收入21.99亿元，同比增长122.37%，净利润5.16亿元，同比增长133.80%。 本报讯(记者丁蓉)9月4日下午，广州越秀资本（000987）控股集团股份有限公司(以下简称"越秀资本") 举行2025年半年度网上业绩说明会。公司董 ...

Overall Viewpoint - The European Commission is set to launch a four-week consultation for the first fusion energy strategy in June-July 2025, which is expected to strengthen Europe's leading position in the ITER project and enhance its competitive edge in fusion strategies against the US, Japan, and the UK, while attracting social investment and clarifying development paths [3] - The market remains highly focused on Document "136" and "Green Electricity Direct Connection," with electricity consumption and pricing mechanisms gradually unfolding across provinces. Recent data indicates a year-on-year decline in overall electricity prices, reflecting ongoing pressure in power supply and demand, particularly with low photovoltaic prices and stable wind power prices. The core logic of green electricity direct connection is to provide more consumption scenarios and facilitate green certification for exported products, although challenges in breaking the electricity grid monopoly remain [3] Investment Aspects - Virtual Power Plants: As a crucial component of demand-side response, they can effectively reduce peak electricity load curves through resource aggregation and digital technology control [4] - Wind Power: Document "136" reshapes the logic of new energy installations, with favorable output curves for wind power, leading to a potential recovery in wind power station sales and profit restoration for wind turbine manufacturing [4] - Energy Storage and Power Equipment: Continued focus on large-scale energy storage in Europe, industrial and commercial storage in Southeast Asia, and off-grid storage in Africa is expected to see high growth. Short-term attention should be on the month-on-month increase in household storage data [4] - Controlled Nuclear Fusion and Solid-State Batteries: The market may continue to speculate on these two fields, with a focus on domestic experimental pile bidding and US-China technological progress in controlled nuclear fusion, while solid-state batteries should focus on technological advancements from major battery manufacturers [4]