中金研究 国内算力资本开支提升下，我们认为不间断电源UPS、蓄电池备电环节有望迎来新发展机遇。 点击小程序查看报告原文 Abstract 摘要 不间断电源UPS：短中期仍然为主流供电路线，产业链有望受益全球AIDC增长。 不间断电源UPS是当前数据中心的主流供电技术，我们预计在国内市场占 比约85-90%；尽管有部分新架构出现，但我们认为UPS经过持续产品迭代，转换效率、占地面积等短板得到较明显改善；同时，UPS可靠性验证长、电能量 质量高、维护便利以及终端兼容性强的优势使得UPS在大部分场景仍难以被完全替代，短中期仍然为主流供电技术方案。在AIDC驱动下，我们看好UPS环 节功率弹性(产品功率段更高)，以及国内UPS产业链出海的机遇。 蓄电池备电：不受供电技术路线之争，AIDC驱动锂电渗透带来出海机遇。 无论供电技术采用UPS或HVDC，对数据中心设备不间断供电的保障均来自蓄电 池备电系统、具备一定需求刚性。当前蓄电池备电以铅酸电池为主，但在AIDC趋势下，我们观察海外备电方案加速向锂电转向；而国内锂电产业链已发展 相对成熟，在磷酸铁锂技术路线、产业集群、成本、产品方案等方面具备较强领先优势；同时，海外铅酸 ...

中金研究 51只REITs公布四季度报，我们于本报告分析四季报中重要增量信息。 点击小程序查看报告原文 正文内容 摘要 季报信披内容进一步规范。 本次四季报为2024年11月29日沪深交易所发布《业务指引第7号—中期报告和季度报告（试行）》[1]后的首次季报披露，信息 披露进一步规范，其中新增或优化方向主要包括运营指标口径统一、明确区域竞品分析以及分业态重要事项披露等（如产权项目租约剩余期限和重要租户 信息，能源项目电价及国补情况说明等）。我们认为当前披露信息较此前有实质性优化，或帮助投资者更好把握项目基本面动态。 基本面韧性分化，部分项目经营持续承压。 1）产业园：产业园区或仍处于本轮周期筑底阶段，竞争加剧背景下，大多数项目开始主动或被动"以价换 量"，主动管理价值进一步突出。我们统计同口径下，四季度产业园板块收入环比下降3.8%。2）物流仓储：由于部分项目出租率修复及四季度零售旺季 带来阶段性需求回暖，我们统计同口径下物流仓储板块收入环比提升1.9%，下行趋势有所减缓，好于我们预期，但同比仍下滑6.9%，显示在宏观经济弱 复苏背景下经营压力仍存。3）保租房：经营维持韧性，部分项目竞品影响有待后续观察。我们 ...

Detroit, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Today, DTE Energy joined with 120 human service agencies, religious organizations and businesses, known as the "Coalition to Keep Michigan Warm," to celebrate new laws that will expand energy assistance to more Michiganders. DTE and other members of the coalition, were joined by Governor Whitmer, legislators and community leaders to celebrate the bipartisan collaboration that was necessary to successfully break down barriers and secure this vital funding for Michig ...

Group of more than 120 human service agencies, religious organizations and businesses and legislatures were instrumental in the bipartisan passage of new law to expand energy assistance for Michiganders in need Governor Gretchen Whitmer Governor Gretchen Whitmer spoke at the event, congratulating the Coalition to Keep Michigan warm on their hard work and collaboration to help get the MEAP bills passed. Speakers at the MEAP expansion celebration Representative Helena Scott; Jerry Norcia, Chairman & Chi ...

SCRANTON, Pa., Feb. 6, 2025 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and twelve months ended December 31, 2024. Peoples reported net income of $6.1 million, or $0.61 per diluted share for the three months ended December 31, 2024, compared to a net loss of $4.3 million, or $0.43 per diluted share for the three months ended S ...

Amazon (AMZN) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.37%. A quarter ago, it was expected that this online retailer would post earnings of $1.14 per share when it actually produced earnings of $1.43, delivering a surprise of 25.44%.Over the last four quarters, the company h ...

Hub Group (HUBG) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this transportation management company would post earnings of $0.49 per share when it actually produced earnings of $0.52, delivering a surprise of 6.12%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Hub Group, w ...

Lumentum (LITE) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.51%. A quarter ago, it was expected that this optical networking products maker would post earnings of $0.13 per share when it actually produced earnings of $0.18, delivering a surprise of 38.46%.Over the last four qua ...

Doximity (DOCS) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this medical social networking site would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.Over the last four quarte ...

Neurocrine Biosciences (NBIX) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -35.90%. A quarter ago, it was expected that this biopharmaceutical company would post earnings of $1.47 per share when it actually produced earnings of $1.24, delivering a surprise of -15.65%.Over the last fou ...