格隆汇2月26日丨电投产融(000958.SZ)在投资者互动平台表示，截至目前，子公司电投核能暂未涉及高 温气冷堆业务。 ...

（文章来源：证券日报） 证券日报网讯 2月25日，电投产融在互动平台回答投资者提问时表示，二级市场股价波动受多种因素影 响，公司重视市值管理工作，持续聚焦主业，提升经营质量与核心竞争力。 ...

Group 1: Solid-State Battery Industry - The global solid-state battery industry is expected to achieve GWh-level mass production by 2027, driven by collaborative innovation in materials, processes, and equipment [5][6][7] - The solid-state battery supply chain is evolving towards a "materials-equipment-manufacturing-application" collaborative innovation model, with key advancements in electrolyte film formation processes impacting ionic conductivity [6][7] - The global solid-state battery equipment market is projected to reach 120 billion yuan by 2026, with significant demand for new equipment such as dry electrode preparation and isostatic pressing [7][8] Group 2: AI Applications and Media Consumption - The 2026 Spring Festival has become a battleground for major AI companies to showcase their technological capabilities, integrating AI deeply into program production and real-time interactions [10][11] - The focus of domestic AI large models has shifted from general capabilities to native agent capabilities, emphasizing task planning and multi-modal technology breakthroughs [10][11] - The gaming sector during the Spring Festival saw a preference for high DAU games, particularly in the MOBA and FPS genres, with Tencent's games dominating the market [11][12] Group 3: Energy Sector and Coal Market - In 2025, the State Grid's total bidding amount reached 89.4 billion yuan, doubling that of 2022 and increasing by 27% compared to 2024, indicating strong growth in the energy sector [14][15] - The coal market experienced unexpected inventory reductions before the Spring Festival, leading to optimistic coal prices post-holiday, supported by favorable supply conditions [16] - The release of the national unified electricity market policy aims to establish a market-oriented mechanism centered on supply and demand, emphasizing sustainability [17][18] Group 4: New Consumption Trends - The 2026 Spring Festival saw a significant increase in travel and consumption, with cross-regional passenger flow expected to reach 9.5 billion, a 5.32% increase from 2025 [19][20] - The beauty sector showed signs of recovery during the off-peak season, with a notable increase in sales, particularly in the makeup category, driven by festive consumption [22][23] - The overall retail and catering sales during the Spring Festival increased by 8.6% compared to the previous year, reflecting a vibrant consumer market [21][22]

Investment Rating - The investment rating for the utility industry is "Positive" (maintained) [1] Core Insights - The report highlights that the total bidding amount for the State Grid in 2025 reached 89.4 billion yuan, which is more than double that of 2022 and represents a 27% increase compared to 2024, indicating a faster growth rate [3][4] - The report emphasizes the expected fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan, which is approximately 40% higher than the previous plan, supporting future revenue growth for power equipment companies [4][33] Summary by Sections State Grid Bidding Summary - In 2025, the State Grid's total bidding amount was 89.4 billion yuan, exceeding 2022's amount by over two times and growing by 27% from 2024 [3][12] - The top seven equipment categories by bidding amount included switchgear, transformers, cables and accessories, relay protection, communication network equipment, and reactors, with most categories showing year-on-year increases in bidding amounts [3][12][14] Coal Market Insights - The average operating rate of coal mines from New Year's Day to before the Spring Festival was at a low level compared to the past three years, indicating a tight supply situation [5][33] - The report suggests a positive outlook for coal prices post-holiday due to favorable supply conditions [5][33] Power Market Reforms - The release of the "National Unified Power Market System Implementation Opinions" document is seen as a significant step in power market reform, emphasizing marketization and fairness while ensuring supply security [6][7] - The report recommends several companies for investment, including Guiguan Power, Longyuan Power, and China Resources Power, highlighting their dividend yields and growth potential [7] Equipment Company Performance - Among listed companies, China Xidian, Pinggao Electric, and Siyi Electric ranked as the top three in bidding amounts, with Siyi Electric showing nearly 80% growth compared to 2024 [14][19] - The report indicates that the bidding amounts for transformers and combination electrical devices are expected to grow significantly, with a high concentration of market share among leading companies [19][21][28]

经济观察网电投产融（000958）(000958.SZ)近期发生重大高管变动，同时股价呈现震荡下跌走势。 近7天股价呈现震荡走势。截至2026年2月13日收盘，电投产融报6.41元，当日下跌1.23%，近5日累计跌 幅0.77%。资金流向方面，2月13日主力资金净流出328.85万元，近5日主力资金整体呈净流出态势；技 术面显示股价处于20日压力位6.91元与支撑位6.33元之间，MACD指标偏弱。同期，公司成交量和换手 率维持低位，市场活跃度一般。 以上内容基于公开资料整理，不构成投资建议。 近期事件 股票近期走势 电投产融于2026年2月10日召开董事会会议，审议通过了高级管理人员变动议案。原副总经理兼总会计 师孙艳军、副总经理伍镇杰、副总经理吴明及董事会秘书孙锐因工作调整辞职，不再担任任何职务；同 时聘任李忠哲、李铁枝、何先华、邹家懋、李英男和刘望天为新任高管，全部人员来自国电投核能有限 公司，任期自董事会审议通过之日起生效。公司计划于2026年2月27日召开临时股东大会，审议董事会 换届等事项。此外，公司于2月11日在互动平台澄清，当前业务不涉及煤炭开采生产，以回应投资者关 切。 ...

Group 1 - The company, Electric Investment and Financing (000958.SZ), stated on its interactive platform that its current business does not involve coal mining production [1]

Group 1 - The company, Electric Investment and Financing (000958.SZ), stated on its interactive platform that its current business does not involve coal mining production [1]

Core Viewpoint - The article discusses the recent changes in senior management at State Power Investment Corporation Financial Holdings Co., Ltd. (referred to as "Electric Power Investment") following the resignation of several executives and the appointment of new ones [2][3][5]. Group 1: Resignation of Senior Management - On February 10, 2026, the board of directors received written resignation reports from several executives, including Vice President and Chief Accountant Sun Yanjun, Vice President Wu Zhenjie, Vice President Wu Ming, and Board Secretary Sun Rui, due to work adjustments [2][3]. - The resignations were effective immediately upon delivery to the board and these individuals will not hold any other positions within the company or its subsidiaries after their resignation [3][4]. - The board expressed gratitude for the contributions made by the resigning executives during their tenure [4]. Group 2: Appointment of New Senior Management - The board approved the appointment of new executives on February 10, 2026, including Li Zhongzhe as Vice President, Li Tiezhi as Chief Accountant, He Xianhua, Zou Jiamiao, and Li Yingnan as Vice Presidents, and Liu Wangtian as Board Secretary [5][6]. - The new appointments are effective from the date of board approval until the end of the current board's term [5]. Group 3: Background of New Appointees - Li Zhongzhe has extensive experience in various roles within the nuclear power sector and currently serves as a Vice President at State Power Investment Nuclear Co., Ltd. [11]. - Li Tiezhi has held multiple financial management positions and is currently the Chief Accountant at State Power Investment Nuclear Co., Ltd. [13]. - He Xianhua has a strong background in quality assurance and safety management within the nuclear industry, currently serving as a Vice President at State Power Investment Nuclear Co., Ltd. [15]. - Zou Jiamiao has experience in engineering and management roles within the nuclear sector, currently serving as a Vice President at State Power Investment Nuclear Co., Ltd. [17]. - Li Yingnan has held various positions in human resources and management, currently serving as a Vice President at State Power Investment Nuclear Co., Ltd. [19]. - Liu Wangtian has a background in engineering and management, currently serving as the Board Secretary and has held various roles within State Power Investment Nuclear Co., Ltd. [21].

Core Viewpoint - The company announced significant changes in its senior management team, indicating a strategic shift in leadership [1] Management Changes - Four senior executives, including Vice General Manager and Chief Accountant Sun Yanjun, Vice General Managers Wu Zhenjie and Wu Ming, and Board Secretary Sun Rui, resigned due to work adjustments [1] - The company appointed five new executives: Li Zhongzhe, He Xianhua, Zou Jiamao, and Li Yingnan as Vice General Managers, Li Tiezhi as Chief Accountant, and Liu Wangtian as Board Secretary [1] - All newly appointed senior management personnel are from State Power Investment Corporation Nuclear Energy Co., Ltd [1]

Group 1 - The company Electric Investment and Financing announced the resignation of several key executives, including Vice General Manager and Chief Accountant Sun Yanjun, Vice General Manager Wu Zhenjie, Vice General Manager Wu Ming, and Board Secretary Sun Rui, due to work adjustments [1] - The resignations were effective immediately, and the departing executives will not hold any other positions within the company or its subsidiaries [1] - The board approved the appointment of new executives, including Li Zhongzhe as Vice General Manager, Li Tiezhi as Chief Accountant, He Xianhua, Zou Jiamiao, and Li Yingnan as Vice General Managers, and Liu Wangtian as Board Secretary [1]