（来源：淘金ETF） 1. 长江电力（600900） 作为全球水电龙头，长江电力掌控长江流域核心水电资产，旗下三峡、葛洲坝、溪洛渡、向家坝等电站 装机规模与发电量稳居全球第一，水电业务具备稳定、清洁、低成本的核心优势。在全国统一电力市场 建设中，公司作为跨区电力供给核心主体，将充分受益于市场化交易机制完善与绿电溢价提升，同时 AI算力需求爆发带动电力资产价值重估，公司稳定的电力供给能力与绿电属性凸显，在电力行业价值 重构中占据核心地位。此外，公司积极布局抽水蓄能与储能业务，提升调节能力，适配统一市场下的辅 助服务需求，进一步强化全产业链价值。 2. 华电新能（600930） 华电集团旗下新能源核心平台，聚焦风电、光伏等清洁能源项目开发、投资与运营，装机规模持续扩 张，绿电占比不断提升。公司在国内多个区域布局新能源电站，深度绑定"东数西算"等算力项目，提供 稳定绿电直供服务。全国统一电力市场的推进，将为公司绿电交易提供更广阔的平台与更优的溢价空 间；AI算力用电需求高增，也将带动绿电直供与源网荷储协同需求，公司作为新能源发电核心企业， 将充分受益于行业景气度提升。同时，公司积极拓展储能、虚拟电厂等业务，提升调节 ...

■ 本期金股 | 代码 | 筒 称 | 行业 | 收盘价(元) | 流通市值 | | --- | --- | --- | --- | --- | | | | | 2026/2/26 | 亿元 | | 000807. SZ | 云铝股份 | 工业金属 | 30. 99 | 1074. 71 | | 002493. SZ | 荣盛石化 | 炼化及贸易 | 15. 27 | 1429. 61 | | 603308. SH | 应流股份 | 通用设备 | 73. 06 | 496. 10 | | 601211. SH | 国泰海通 | 证券 | 18. 97 | 2560. 36 | | 600642. SH | 申能股份 | 电力 | 8. 43 | 412. 55 | | 600765. SH | 中航重机 | 航空装备 | 21. 62 | 338. 23 | | 600398. SH | 海澜之家 | 服装家纺 | 6. 23 | 299. 21 | | 1055. HK | 中国南方航空股份 | 航空机场 | 6. 19 | 287. 46 | | 1801. HK | 信达生物 | 生物制品 | 84. ...

风险提示 国金·月度金股 3 月： | 代码 | 简称 | 行业 | 收盘价(元) | 流通市值 | EPS(元) | | | PE | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 2026/2/26 | 亿元 | 2025E | 2026E | 2025E | 2026E | | 000807.SZ | 云铝股份 | 工业金属 | 30.99 | 1074.71 | 1.79 | 2.17 | 17.36 | 14.31 | | 002493.SZ | 荣盛石化 | 炼化及贸易 | 15.27 | 1429.61 | 0.17 | 0.32 | 91.44 | 48.48 | | 603308.SH | 应流股份 | 通用设备 | 73.06 | 496.10 | 0.66 | 0.92 | 111.37 | 79.41 | | 601211.SH | 国泰海通 | 证券Ⅱ | 18.97 | 2560.36 | 1.62 | 1.42 | 11.71 | 13.36 | | 600642.SH | 申能股份 | 电力 | ...

2月24日，申能股份盘中上涨2.18%，截至13:05，报8.42元/股，成交1.15亿元，换手率0.28%，总市值 412.08亿元。 资金流向方面，主力资金净流入1175.18万元，特大单买入1205.60万元，占比10.52%，卖出125.72万 元，占比1.10%；大单买入1576.50万元，占比13.75%，卖出1481.20万元，占比12.92%。 申能股份今年以来股价涨8.23%，近5个交易日涨0.60%，近20日涨3.95%，近60日涨0.48%。 资料显示，申能股份有限公司位于上海市虹井路159号5楼，成立日期1993年2月22日，上市日期1993年4 月16日，公司主营业务涉及从事电力、石油天然气的开发建设和经营管理,从事电力、石油、天然气项 目的勘探开发、投资建设、运营维护以及节能环保技术、燃料贸易等业务。主营业务收入构成为：煤电 业务43.09%，气电业务18.92%，油气管输业务13.34%，风电业务11.88%，煤炭销售8.06%，光伏发电业 务4.54%，其他(补充)0.17%。 申能股份所属申万行业为：公用事业-电力-火力发电。所属概念板块包括：天然气、煤化工、甲醇概 念、油气 ...

Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The report highlights the recent issuance of guidelines by the National Development and Reform Commission and the National Energy Administration aimed at establishing a unified national electricity market by 2030, with a target of 70% market-based trading by that year [5] - The European natural gas inventory has dropped to a low level due to extreme cold and supply disruptions, with the average daily net withdrawal in January 2025 reaching a five-year high [5] - The report suggests that the electricity sector is expected to see profit improvement and value reassessment following several rounds of supply-demand tensions [5] Summary by Sections Market Performance - As of February 13, the utility sector declined by 1.2%, underperforming the broader market, with the electricity sector down by 1.13% and the gas sector down by 2.27% [4][12] - The top-performing companies in the electricity sector included Zhongmin Energy and Huaneng International, while Nanshan Energy and Guikang Power saw significant declines [16] Electricity Industry Data Tracking - The price of thermal coal at Qinhuangdao Port increased by 19 CNY/ton week-on-week, reaching 712 CNY/ton as of February 13 [4][21] - Coal inventory at Qinhuangdao Port decreased to 5.45 million tons, down by 180,000 tons week-on-week [28] - Daily coal consumption in inland provinces was 3.148 million tons, down by 609,000 tons/day, with a usable days increase to 28.38 days [30] Natural Gas Industry Data Tracking - The LNG ex-factory price index in Shanghai was 3,759 CNY/ton, down 15.03% year-on-year and 5.20% week-on-week [56] - The EU natural gas supply for week 5 of 2026 was 6.19 billion cubic meters, up 13.4% year-on-year [62] - The average daily consumption of natural gas in the EU was estimated at 11.33 billion cubic meters, up 26.0% year-on-year [5] Key Industry News - The report discusses the establishment of a national electricity market system with specific reform tasks outlined for achieving a fully market-based electricity resource allocation by 2035 [5] - The report notes that the European natural gas inventory has fallen to 50.36%, significantly below the average levels of previous years, raising concerns about potential shortages [5] Investment Recommendations - For the electricity sector, the report recommends focusing on leading coal power companies such as Guodian Power and Huaneng International, as well as regional leaders in tight supply areas [5] - In the natural gas sector, companies with low-cost long-term gas sources and receiving station assets are expected to benefit from market conditions [5]

Core Viewpoint - The company has successfully completed the issuance of the first and second phases of ultra-short-term financing bonds for the year 2026, totaling RMB 20 billion [1] Group 1: Financing Details - The total amount for the first phase of ultra-short-term financing bonds issued is RMB 1 billion, with a maturity of 180 days and an interest rate of 1.57% [1] - The total amount for the second phase of ultra-short-term financing bonds issued is RMB 1 billion, with a maturity of 180 days and an interest rate of 1.58% [1] Group 2: Corporate Governance - The issuance was approved at the company's 46th shareholders' meeting held on June 20, 2025, allowing for a total issuance of non-financial corporate debt financing instruments not exceeding RMB 20 billion [1]

证券代码：600642 证券简称：申能股份 公告编号：2026-006 关于完成 2026 年度第一、第二期超短期融资券发行 的公告 日前，公司 2026 年度第一、第二期超短期融资券发行完成。经 2025 年 6 月 20 日召开的公司第四十六次（2024 年度）股东会审议通 过，公司统一注册发行非金融企业债务融资工具的规模为不超过人民 币 200 亿元。2026 年第一期超短期融资券发行总额为人民币 10 亿元， 发行期限为 180 日，发行利率 1.57%；2026 年第二期超短期融资券发 行总额为人民币 10 亿元，发行期限为 180 日，发行利率 1.58%。 申能股份有限公司 特此公告。 申能股份有限公司 2026 年 2 月 14 日 ...

Group 1 - The core point of the article indicates that Sheneng Co., Ltd. (600642) reported a closing price of 8.38 yuan on February 12, 2026, with a decrease of 0.24% and a turnover rate of 0.35% [1] - The company experienced a net inflow of main funds amounting to 9.54 million yuan, which accounted for 6.7% of the total transaction amount, while retail investors saw a net outflow of 14.75 million yuan, representing 10.36% of the total transaction amount [1][2] - For the first three quarters of 2025, the company reported a main operating income of 20.932 billion yuan, a year-on-year decrease of 6.44%, while the net profit attributable to shareholders increased by 1.04% to 3.315 billion yuan [2] Group 2 - In Q3 2025, the company's single-quarter main operating income was 7.974 billion yuan, down 8.27% year-on-year, but the net profit attributable to shareholders rose by 13.64% to 1.238 billion yuan [2] - The company has a debt ratio of 54.23%, with investment income reported at 1.518 billion yuan and financial expenses at 718 million yuan, resulting in a gross profit margin of 22.84% [2] - Sheneng Co., Ltd. is primarily engaged in the development and management of electricity, oil, and natural gas projects, providing a range of services including exploration, investment, construction, operation, maintenance, and energy-saving technologies [2]

证券日报网讯2月10日，申能股份（600642）在互动平台回答投资者提问时表示，公司无财务共享中 心。 ...

（文章来源：证券日报） 证券日报网讯 2月10日，申能股份在互动平台回答投资者提问时表示，公司主要从事国内电力、石油天 然气的开发建设和经营管理，作为能源项目开发主体，公司提供电力、石油、天然气项目的勘探开发、 投资建设、运营维护以及节能环保技术、燃料贸易等多种服务。公司目前无海外出口或销售业务。 ...