Industry Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Viewpoints - The report highlights China's commitment to climate action, with a new round of Nationally Determined Contributions (NDC3.0) aiming for a 7%-10% reduction in greenhouse gas emissions from peak levels by 2035, and a target for non-fossil energy consumption to exceed 30% of total energy consumption [4][5] - The report anticipates improvements in demand for green industries as countries update their NDCs ahead of COP30, with a focus on new technologies in the photovoltaic sector [6] Summary by Relevant Sections Industry Basic Situation - The closing index is at 9725.34, with a 52-week high of 9725.34 and a low of 5804.61 [1] Investment Suggestions - The report suggests focusing on new technologies such as perovskite tandem cells and heterojunction technology, with specific companies like GCL-Poly Energy and Trina Solar recommended for investment [6]
中国更新NDC3.0,进一步提升全球气候治理领导力
China Post Securities·2025-09-26 08:05