智通财经APP讯，湖北能源(000883.SZ)披露2026年1月发电情况，于2026年1月，公司完成发电量42.64 亿千瓦时，同比增加26.38%。其中水电发电量同比增加150.62%，火电发电量同比增加11.01%，新能源 发电量同比减少13.12%。 ...

湖北能源（000883）(000883.SZ)披露2026年1月发电情况，于2026年1月，公司完成发电量42.64亿千瓦 时，同比增加26.38%。其中水电发电量同比增加150.62%，火电发电量同比增加11.01%，新能源发电量 同比减少13.12%。 ...

格隆汇2月5日｜湖北能源(000883.SZ)公告称，2026年1月，公司完成发电量42.64亿千瓦时，同比增加 26.38%。其中水电发电量同比增加150.62%，火电发电量同比增加11.01%，新能源发电量同比减少 13.12%。 ...

证券代码：000883 证券简称：湖北能源 公告编号：2026-003 湖北能源集团股份有限公司 关于 2026 年 1 月发电情况的自愿性信息披露公告 为便于投资者及时了解公司生产情况，现将湖北能源集团股份有 限公司（以下简称公司）2026年1月发电量情况公告如下： 2026年1月，公司完成发电量42.64亿千瓦时，同比增加26.38%。 其中水电发电量同比增加150.62%，火电发电量同比增加11.01%，新 能源发电量同比减少13.12%。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为准。提醒投资者不宜以此数据简单推算公司业绩，并注意投资风险。 特此公告。 湖北能源集团股份有限公司董事会 2026 年 2 月 5 日 公司2026年1月发电情况表 单位：亿千瓦时 | 项目 | 本月发电量 | 同比变动 | | --- | --- | --- | | 水电 | 12.18 | 150.62% | | 火电 | 24.70 | 11.01% | | 新能源 | 5.76 | -13.12% | | 其中： 风电 | 1.40 | -21.79% | | ...

2020-2025年中国水力发电量产量统计图 数据来源：国家统计局，智研咨询整理 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。 相关报告：智研咨询发布的《2026-2032年中国水力发电行业市场行情监测及发展趋向研判报告》 根据国家统计局数据显示：2025年12月中国水力发电量产量为865亿千瓦时，同比增长4.1%；2025年1- 12月中国水力发电量累计产量为13143.6亿千瓦时，累计增长2.8%。 上市企业：长江电力（600900）,华能水电（600025）,国投电力（600886）,川投能源（600674）,桂冠电 力（600236）,黔源电力（002039）,湖北能源（000883）,闽东电力（000993）,乐山电力（600644）,郴 电国际（600969） ...

证券研究报告 公用环保 发电侧容量电价新规基本符合预期 华泰研究 2026 年 2 月 01 日│中国内地 动态点评 2026 年 1 月 30 日，国家发改委、国家能源局发布《关于完善发电侧容量电 价机制的通知》（发改价格〔2026〕114 号），各类电源容量电价机制完善 情况基本符合预期；抽蓄抽水、电网侧独立新型储能充电时视作用户，缴纳 上网环节线损费用和系统运行费用（全国平均约 1.6 和 6.1 分/千瓦时），充 放电量损耗需按照单一电量制用户缴纳输配电价（全国平均约 0.178 元/千 瓦时），此前各省执行情况不一，该要求一定程度或减少抽蓄和新型储能电 量收益。总体而言，容量电价机制的进一步完善有望提升调节电源的固定收 入占比，盈利稳定性有望提升，推荐火电龙头华能国际 AH/国电电力/华润 电力等、抽蓄运营龙头南网储能和装机增长潜力大的长江电力/湖北能源等。 煤电容量电价如期提升至不低于 165 元/千瓦，决定权下放至地方 "114 号文"提出：1）将通过容量电价回收煤电机组固定成本的比例提升 至不低于 50%，与 2023 年 11 月 8 日国家发改委、国家能源局发布的《关 于建立煤电容量电价机 ...

Core Viewpoint - Hubei Energy (000883) is actively monitoring relevant policy developments in Hubei Province and focusing on its core energy business while seeking investment opportunities in energy resources to optimize its industrial layout [1] Group 1: Company Strategy - The company is committed to enhancing asset operation efficiency through special initiatives aimed at improving quality and efficiency [1] - Hubei Energy aims to continuously boost its internal growth momentum to support high-quality development [1]

Core Viewpoint - The Three Gorges Group is actively responding to the severe cold wave and increased energy demand in Hubei Province by fully operating its coal-fired power plants to ensure reliable electricity supply for the winter [1][2] Group 1: Operational Response - All 10 coal-fired power units of Hubei Energy are fully operational to meet the rising energy demand due to the cold wave [1] - The Xiangyang Yicheng Power Plant achieved dual-unit operation on January 19, with two 1 million kilowatt coal power units running at full capacity [1] - The Ezhou Power Plant, with a total installed capacity of 3.96 million kilowatts, successfully started three units within 24 hours and operated all six coal power units for the first time this year [1] Group 2: Fuel Supply and Management - The coal inventory at the Yicheng Power Plant is sufficient to support high-load operation for over 20 days [1] - The Ezhou Power Plant also has ample coal reserves to ensure continuous operation for more than 20 days [1] - Hubei Energy's coal investment company has optimized transportation routes and increased emergency coal reserves to 430,000 tons, exceeding the set target [1] Group 3: Future Actions - Hubei Energy plans to strengthen its political responsibility and ensure power supply by closely monitoring weather changes and electricity load trends [2] - The company will scientifically schedule unit operations and enhance equipment inspections to maintain sufficient fuel reserves and smooth transportation channels [2] - The goal is to ensure that all units are operational to provide a reliable electricity supply for the economic stability and warmth of the people in Hubei Province [2]

Investment Rating - The report maintains an "Overweight" rating for the public utility sector and the power generation sector [2]. Core Viewpoints - The report argues that the core logic determining the valuation of power stocks has changed in the new energy era, with expectations of a rebound in electricity prices and stock valuations as coal prices stabilize [4][6]. - It highlights that the most challenging phase for electricity supply and demand in China has passed, with expectations of a recovery in demand starting in 2026 [4][7]. - The report emphasizes that the valuation gap between U.S. and Chinese power stocks has widened significantly, with U.S. power stocks trading at 2-4 times the price-to-book (PB) ratio of their Chinese counterparts [4][6][7]. Summary by Sections Investment Recommendations - The report recommends several undervalued power operators, including Huaneng International, Guodian Power, and China Power [3][8]. - It suggests that the capacity price increase in 2026 will benefit thermal power, while the stabilization of energy prices will favor nuclear, green, and hydropower [8]. Market Dynamics - The report notes that both China and the U.S. are experiencing similar electricity shortages due to a slowdown in the growth of base-load power sources, with structural demand exceeding expectations potentially leading to supply crises [5][26]. - It discusses the significant differences in electricity pricing structures between the two countries, with U.S. electricity prices being significantly higher due to various systemic costs [56][58]. Price Trends and Projections - The report predicts that by 2026, the industrial electricity prices in China will be significantly lower than those in the U.S., enhancing the competitiveness of Chinese manufacturing [6][11]. - It highlights that the electricity price gap between the two countries is expected to continue to widen, benefiting China's manufacturing sector [6][8]. Supply and Demand Outlook - The report indicates that the most severe supply-demand imbalance in China has passed, with expectations of a recovery in electricity demand driven by increased manufacturing investment [7][8]. - It also notes that the U.S. is facing a similar situation, with a projected decline in gas-fired electricity generation and a potential increase in coal-fired generation [5][30].

Group 1 - The core viewpoint of the news is that 24 companies have released their performance reports for 2025, with significant variations in revenue and profit growth among them [1][2][3] - Poly Developments reported the highest revenue at 308.26 billion yuan, but experienced a slight decline of 1.09% year-on-year [1][3] - Among the companies, 16 reported revenue growth, with the highest increase of 37.18% from Siyuan Electric, achieving 21.21 billion yuan in revenue [1][2] Group 2 - In terms of net profit, all companies that released performance reports were profitable, with five companies exceeding 10 billion yuan in net profit [2] - CITIC Bank led with a net profit of 70.62 billion yuan, reflecting a year-on-year growth of 2.98% [2][3] - The largest net profit growth was seen in Quanyuan Spring, which reported a net profit of 0.15 billion yuan, up 147.89% year-on-year [2]