文 | 人民网 近 日 ， 中 国 燃 气 与 宁 德 时 代 签 署 战 略 合 作 协 议 。 作 为 第 十 四 届 储 能 国 际 峰 会 暨 展 览 会 （ESIE 2026）A2电池与智能制造馆的冠名企业 ，宁德时代在持续引领行业技术风向的 同时，进一步拓展了其在终端市场的应用版图。 中国储能产业发展的风向标 第十四届储能国际峰会暨展览会 ESIE 2026 时间： 202 6年3月3 1日- 4月3日 地点： 北京·首都国际会展中心 相关阅读 10GWh！宁德时代与欧洲最大资产管理机构达成合作 宁德时代2026将大规模应用钠电池，"钠锂双星闪耀"或成新趋势 规则在变，赢家重排：解析2025储能产业十大关键节点 联盟官微 关注政策、项目、企业、市场活动 联盟官方小秘书 入会、入群、产业交流、活动对接 根据协议，双方明确将于 2026年至2028年期间在储能业务领域 建立优先合作关系。合作 重点将聚焦于 电网侧储能及工商业储能项目 的落地实施。 此次合作将充分利用中国燃气覆盖2亿人口的终端用户网络及分布式落地优势， 结 合 宁 德 时代全球领先的储能技术，将储能成果加速应用至各地的综合能源项目中。 ...

Core Insights - The article highlights the complexity and significance of gas turbines, describing them as the "crown jewel" of the equipment manufacturing industry, with only six countries capable of producing them: the USA, UK, Germany, Russia, Japan, and China [1][7]. Group 1: Technological Advancements - The "Taihang 110" heavy gas turbine can generate 150,000 kilowatt-hours of electricity per hour, sufficient to power 15,000 households for a day, showcasing its immense power [2]. - The CGT50 gas turbine, recently announced, is a 50-megawatt unit that has generated significant interest in military circles, with discussions about its potential use in China's 100,000-ton aircraft carriers [5][6]. - China has made substantial progress in gas turbine technology, achieving self-sufficiency in high-temperature core components by 2019 and launching the first domestically produced F-class 50-megawatt gas turbine in 2023 [8]. Group 2: Market Demand and Competition - There is a surge in demand for gas turbines due to the global rise of AI data centers, with major companies like GE, Siemens, and Mitsubishi having orders booked until 2030 [3]. - The G50 heavy gas turbine has already been exported to Kazakhstan, and the "Taihang 110" has reportedly secured international orders worth billions [9]. - Despite the dominance of GE, Siemens, and Mitsubishi in the global gas turbine market, China is rapidly gaining ground, breaking the Western monopoly that has existed for decades [9].

高层见证：强强联合奠定合作基石 签约仪式获尼日利亚国家石油公司高层高度重视，该集团董事总经理（GCEO）巴希尔·巴约·奥朱拉里 （Dr. Bashir Bayo Ojulari）出席并见证。NNPC天然气、电力与新能源执行副总裁奥拉莱坎·奥贡利耶， NNPC天然气与电力投资服务公司（NGPIS）总经理易卜拉欣·哈姆扎（Ibrahim Hamza）等能源部门负 责人一同参加仪式。 近日，中国燃气控股有限公司（以下简称"中国燃气"）执行董事、首席投资官、首席经济学家刘明兴教 授率团出访尼日利亚国家石油公司（NNPC），并与NNPC、北洋化工工程服务私人有限公司（PCCS） 在尼日利亚首都阿布贾共同签署三方战略合作框架协议。 此次签约标志着中国燃气在尼日利亚的能源投资布局迈入实质性推进阶段，既是落实中尼两国元首会晤 共识的重要举措，也与尼日利亚天然气总体规划的发展方向高度契合，为深化中非能源合作、推动尼日 利亚能源战略转型注入新动力。 聚焦三大领域：构建全链条能源合作体系 根据协议，中国燃气、NNPC、PCCS三方将整合资源、技术及产业优势，围绕三大核心领域开展合 作：在液化天然气（LNG）领域，共同推进包括火炬气 ...

Core Insights - China Gas Holdings Limited has signed a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL) to enhance collaboration in the energy sector and support the national "dual carbon" strategy [1][2]. Group 1: Strategic Cooperation - The cooperation aims to leverage the strengths of both companies to achieve sustainable development in the energy field [1]. - The partnership is seen as a milestone for both companies and the industry, marking a new chapter in the green transformation of traditional energy enterprises [1]. Group 2: Company Strengths - China Gas has a vast energy network covering 200 million people, providing a strong user base and distributed implementation advantages across the country [2]. - CATL is recognized as a global leader in renewable energy innovation, possessing world-class energy storage technology and extensive industrial experience [2]. Group 3: Future Collaboration - The two companies will focus on key areas such as energy storage, biomass energy, and integrated energy services for in-depth collaboration [3]. - They plan to expand their cooperation beyond the domestic market to explore opportunities in the global renewable energy sector [3].

公用事业 2026年02月09日 若研究知 证券分析师 王璐 A0230516080007 wanglu@swsresearch.com 莫龙庭 A0230523080005 molt@swsresearch.com 傅浩玮 A0230522010001 fuhw@swsresearch.com 朱赫 A0230524070002 zhuhe@swsresearch.com 请务必仔细阅读正文之后的各项信息披露与声明 ● 累计成交量 8.65 亿吨，累计成交额 576.63 亿元。2025 年全年配额成交量 2.35 亿吨，同比增长 约 24%，交易规模持续扩大。但受价格回落影响，成交均价 62.36 元/吨，成交额 146.3 亿元，同 比下降 19.23%。2025 年，纳入全国碳市场配额管理的重点排放单位共计 3378 家，其中发电、钢 铁、水泥和铝冶炼行业重点排放单位分别为 2087 家、232 家、962 家和 97 家。全国碳市场重点 排放单位碳减排意识持续加强，配额清缴完成情况保持在高水平，全国温室气体自愿减排交易市 场支持领域讲一步扩大，市场迎来快速扩容。自 2025 年 10 月 20 日至 ...

Investment Rating - The report maintains a positive outlook on the carbon trading market and related sectors, indicating a favorable investment environment for companies involved in power generation and environmental protection [2][9]. Core Insights - The carbon market in China is expanding, with a cumulative trading volume of 865 million tons and a total transaction value of 57.663 billion yuan as of December 31, 2025. The trading volume for the year increased by approximately 24% year-on-year, although the average transaction price fell by 19.23% to 62.36 yuan per ton [2][6]. - The report highlights the government's commitment to carbon reduction, transitioning from energy control to carbon control, which is expected to create investment opportunities in the environmental sector [9]. - Natural gas prices have decreased due to a combination of supply-demand dynamics and seasonal factors, with significant price drops observed in various markets, including a 39.20% decrease in the Henry Hub spot price [2][12]. Summary by Sections 1. Power Sector - The carbon trading market is projected to continue expanding, with key emission units increasing awareness of carbon reduction. The number of units under management reached 3,378, with significant representation from the power, steel, cement, and aluminum industries [2][6]. - Recommendations for investment include companies with stable revenue sources such as Guodian Power, Inner Mongolia Huadian, and China Huaneng, which benefit from diversified income streams [9][11]. 2. Natural Gas Sector - Natural gas prices have seen a significant decline, with the Henry Hub spot price at $4.37/mmBtu, reflecting a 39.20% week-on-week drop. The report notes that the supply-demand balance is improving, contributing to this price decrease [2][12]. - Investment recommendations include companies like Kunlun Energy and New Hope Energy, which are expected to benefit from lower upstream resource costs and improved sales volumes [34][35]. 3. Market Performance Review - The report indicates that the power equipment and gas sectors outperformed the broader market during the review period from February 2 to February 6, 2026 [37]. 4. Company and Industry Dynamics - Recent regulatory updates include the National Development and Reform Commission's notification on improving the capacity pricing mechanism for coal and gas power generation, which aims to enhance revenue recovery for power plants [39][40]. - Key company announcements include performance forecasts from major players like Datang Power and Shanghai Electric, indicating significant year-on-year profit growth [41]. 5. Valuation Tables - The report provides valuation metrics for key companies in the utility sector, with several companies rated as "Buy," indicating strong growth potential and favorable market conditions [43][44].

Core Viewpoint - China Gas (00384) announced the sale of a 50.66% stake in Hebei Huatuo Gas Equipment Co., Ltd. to Shenzhen Yipin Hui Investment Development Co., Ltd. for RMB 52.668 million, aiming to enhance strategic synergy and business upgrades within Yipin Hui's product ecosystem [1] Group 1: Transaction Details - The transaction involves the sale of a majority stake in a company focused on gas equipment and water meter products [1] - The selling price for the stake is RMB 52.668 million [1] Group 2: Strategic Implications - The acquisition will integrate Huatuo's core business into Yipin Hui's offerings, enhancing the strategic coherence of the group's business portfolio [1] - The deal supports the development of a self-controlled "R&D - Production - Service" supply chain system [1] Group 3: Market Context - The demand for smart IoT metering devices is significantly increasing due to national policies promoting smart city construction [1] - Yipin Hui possesses mature technology and product experience in the IoT, smart home, and security sectors, which will benefit from the integration [1] Group 4: Future Product Development - The partnership aims to develop high-value new products such as leak monitoring systems, smart sockets, IoT smoke detectors, and commercial kitchen warning systems [1] - This collaboration is expected to further expand the profit margins of the target company [1]

壹品慧集团主要从事销售及提供厨房家居产品及服务，包括厨房电器、燃气安防产品、其他家居产品及 住宅升级解决方案等相关服务。目标公司的核心业务专注于燃气设备及水表产品的研发、制造、销售及 检测，将其并入壹品慧集团的产品及服务生态系统，将增强集团业务组合的战略协同性与业务升级，健 全自主可控的"研发—生产—服务"供应链体系。在国家持续推进智慧城市建设的政策背景下，智能物联 网表具市场需求显著增长。壹品慧在物联网、全屋智能家居及安防领域具备成熟技术积累与产品经验， 目标公司有先进的生产线，股权转让后可实现双方研发资源的深度整合，驱动燃气表向智能化、安防 化、系统化方向升级。依托壹品慧"家庭帮""祺卫安防"等平台，双方可共同开发阀井洩漏监测、智能插 座、物联烟感、商厨预警系统等一系列高附加值新产品，进一步拓展目标公司的利润空间。 智通财经APP讯，中国燃气(00384)公布，于2026年2月6日，公司全资附属中燃燃气实业(深圳)有限公司 拟向深圳市壹品慧投资发展有限公司出售河北华通燃气设备有限公司50.66%股权，代价为人民币5266.8 万元。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於百慕達註冊成立的有限公司） （股 份 代 號：384） (1)有關股權轉讓的關連交易 及 (2)有關燃氣錶及水錶產品採購框架協議的持續關連交易 (1) 有關股權轉讓的關連交易 CHINA GAS HOLDINGS LIMITED 中國燃氣控股有限公司 * 於 二 零 二 六 年 二 月 六 日，賣 方（本 公 司 全 資 附 屬 公 司）與買方（本 公 司 非 全 資 附 屬 公 司）訂 立 股 權 轉 讓 協 議，據 此，賣 方 已 同 意 出 售，而 買 方 已 同 意 購 買 股 權，代 價 為人民幣52,668,000元（相 當 於 約58,520,000港 元）。於 完 成 後，賣 方 將 不 再 持 有 目 ...

中国燃气项目负责人表示："启弘纺织储能电站是中国燃气在纺织行业储能领域的重要实践。我们充分 结合纺织行业的生产特点和能源需求，运用先进的储能技术和管理经验，为企业提供了经济、高效、可 靠的能源服务。中国燃气始终践行'双碳'战略，未来将持续关注传统制造业的绿色转型需求，为更多行 业客户提供定制化的储能解决方案，助力传统产业焕发新活力。" 海安启弘纺织科技成立于2005年，是一家民营纺织科技型企业，生产基地位于江苏省南通市海安经济开 发区，已被列为国家经编毛绒产品开发基地。公司专注于针织经编绒类面料的研发和生产，产业体系涵 盖织造、染整、印花、烂花等多个环节，产品广泛应用于软体沙发、服装服饰、家纺家饰等领域，为全 球客户提供面料、服务和终端方案。凭借自主研发的烂花绒面料等高新技术产品，公司拥有多项发明及 实用新型专利，其生产的高密度超柔面料、超仿真系列面料在市场上具有较高的知名度和美誉度。随着 企业业务不断拓展，生产规模持续扩大，用电需求大幅增长，节能降本成为企业发展的重要课题。 此次投运的储能电站，针对纺织行业生产流程长、用电负荷稳定的特点，采用"谷电储充、峰电释放"的 运行模式，可有效降低企业峰谷电价差成本。 ...