（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 ...

Core Viewpoint - On February 23, a total of 34 listed companies had their restricted shares unlocked, with a total market value of approximately 19.007 billion yuan [1] Group 1: Restricted Share Unlocking Details - Luzhou Laojiao (000568) had 2.0425 million shares unlocked under equity incentive restrictions - AVIC Xi'an Aircraft Industry (000768) had 4.3606 million shares unlocked under equity incentive restrictions - Hubei Energy (000883) had 19.2779 million shares unlocked under equity incentive restrictions - Jining Pharmaceutical (000919) had 1.92 million shares unlocked under equity incentive restrictions - Guangji Pharmaceutical (000952) had 2.5209 million shares unlocked under equity incentive restrictions - China Software (600536) had 57,200 shares unlocked under equity incentive restrictions - Xinhua Medical (600587) had 1.7845 million shares unlocked under equity incentive restrictions - Baoxin Software (600845) had 10.2578 million shares unlocked under equity incentive restrictions - China Railway (601390) had 55.9338 million shares unlocked under equity incentive restrictions - China Communications Construction (601800) had 5.593 million shares unlocked under equity incentive restrictions - StarNet Ruijie (002396) had 2.8342 million shares unlocked under equity incentive restrictions - Lopuskin (002333) had 22.3212 million shares unlocked under A-share issuance to legal persons - Wanbangda (300055) had 33.6538 million shares unlocked under A-share issuance to legal persons - Hangyang Co., Ltd. (002430) had 5.2049 million shares unlocked under equity incentive restrictions - Taijia Co., Ltd. (002843) had 949,600 shares unlocked under equity incentive restrictions - Nanda Optoelectronics (300346) had 130,000 shares unlocked under equity incentive restrictions - Anhui Natural Gas (603689) had 2.5064 million shares unlocked under equity incentive restrictions - Zhongyan Dadi (003001) had 97,200 shares unlocked under equity incentive restrictions - Yuanxiang New Materials (301300) had 30.2983 million shares unlocked with extended lock-up period - Yidao Information (001314) had 88.6187 million shares unlocked under pre-issuance restrictions - Tongda Electric (603390) had 579,500 shares unlocked under equity incentive restrictions - Yangzhou Jinqiao (603307) had 50 million shares unlocked under pre-issuance restrictions - Aili Home (603221) had 2.29 million shares unlocked under equity incentive restrictions - Zhili Fang (301312) had 333,900 shares unlocked under equity incentive restrictions - Kuntai Co., Ltd. (001260) had 83.25 million shares unlocked under pre-issuance restrictions - Entropy Technology (301330) had 92.5223 million shares unlocked with extended lock-up period - Yatong Precision (603190) had 596,100 shares unlocked under pre-issuance restrictions - Sanwang Communication (688618) had 87,400 shares unlocked - Longxun Co., Ltd. (688486) had 30.6312 million shares unlocked - Dize Pharmaceutical (688192) had 991,100 shares unlocked - Haohan Depth (688292) had 57.5177 million shares unlocked - Haizheng Biomaterials (688203) had 78.5601 million shares unlocked - Diaomicro (688381) had 55.9536 million shares unlocked - Zhongrun Optics (688307) had 29.8507 million shares unlocked [1]

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%。 ...

Core Viewpoint - Hubei Energy (000883.SZ) reported a significant increase in electricity generation for January 2026, with a total of 4.264 billion kilowatt-hours, representing a year-on-year growth of 26.38% [1] Group 1: Generation Breakdown - Hydropower generation saw a remarkable year-on-year increase of 150.62% [1] - Thermal power generation increased by 11.01% year-on-year [1] - Renewable energy generation experienced a decline of 13.12% compared to the previous year [1]

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% | | ...

Core Viewpoint - The report highlights the growth trends in China's hydropower generation, indicating a positive outlook for the industry through 2025, with specific production figures and growth rates provided [1]. Industry Summary - According to the National Bureau of Statistics, China's hydropower generation reached 86.5 billion kilowatt-hours in December 2025, marking a year-on-year increase of 4.1% [1]. - The cumulative hydropower generation for the entire year of 2025 was 1,314.36 billion kilowatt-hours, reflecting a total growth of 2.8% compared to the previous year [1]. - The report is part of a broader analysis by Zhiyan Consulting, which specializes in industry research and provides comprehensive consulting services [1].

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]