当今，绿色发展已然成为中国式现代化的鲜明底色。为充分释放媒体型绿色智库的研究力、传播力，汇 聚推动绿色转型的社会合力，2025年12月18日，以"绿色转型，智创未来"为主题的2025新京报零碳研究 院绿色发展论坛在北京举办。 这是新京报零碳研究院绿色发展论坛连续第四年举办。汇聚政、产、学、研各方智慧，深入探讨新型能 源体系建设、碳市场机制优化、产业低碳转型等核心议题，分享前沿实践与创新成果，为构建人与自然 和谐共生的现代化贡献智慧与方案。 2025新京报零碳研究院绿色发展论坛在京举办。 我国在可再生能源领域取得巨大成就 企业可持续发展呈现出商业价值 在论坛上，财政部原副部长朱光耀，生态环境部环境规划院政策所所长董战峰，北京绿色交易所有限公 司董事长王乃祥分别围绕"以双碳目标为引领，推动中国经济高质量发展""'十五五'绿色低碳激励政策发 展重点方向的思考""推进自愿碳市场建设助力'双碳'目标实现"等主题进行了演讲。 朱光耀表示，我国在新发展理念的指引下，大力推动绿色经济发展，在可再生能源领域取得了巨大成 就。这些成就首先服务于自身发展，满足我国人民对美好生活的追求，同时也在重塑国际能源体系。在 当前的数字经济时 ...

Core Viewpoint - Corporate philanthropy in China is a significant and undervalued force, contributing 76.85% of total social donations, with private enterprises being the main contributors [2][4] Group 1: Corporate Philanthropy and Social Value - Corporate donations accounted for 76.58% of total social donations in 2023, with private enterprises contributing 80% of this amount [3][4] - The economic foundation of China's philanthropic efforts is primarily established by private enterprises and entrepreneurs [4] - A report indicates that the total donations from the 34 most active Chinese philanthropists over the past decade exceed 230 billion [4] Group 2: Strategic Opportunities for Enterprises - Chinese enterprises are transitioning from a focus on scale growth to social value innovation, which is expected to be a core competitive advantage during the 14th Five-Year Plan [3] - Digital technology is reshaping sustainable development pathways, making charitable actions more quantifiable and manageable [3] - With the advancement of China's dual carbon goals, the country is transitioning from being a standard executor to a co-developer of global standards, enhancing its international influence [3] Group 3: Trends in Corporate Philanthropy - Six new trends in corporate philanthropy have emerged, including deeper involvement of entrepreneurs in charitable activities and a focus on using core business capabilities to address social issues [4] - There is an increasing emphasis on the exit strategies of philanthropic projects, and scientific philanthropy is gaining traction, particularly in higher education and technological innovation [4] Group 4: Collaborative Ecosystems - The consensus among industry leaders is to move from isolated efforts to collaborative ecosystems to tackle complex social issues [6] - Tencent, along with other companies, has established a "Sustainable Social Value Ecosystem" to pool resources and capabilities for greater social impact [6][7] - The foundation of ecosystem building is the core capabilities of enterprises, which must be transformed into social value production [7] Group 5: Technological Empowerment - Technology is viewed as a bridge to enhance the efficiency and inclusivity of charitable efforts, with companies developing solutions for underserved communities, such as the hearing-impaired [9][10] - Innovations in AI and smart devices are being utilized to provide personalized care in childcare and elderly care sectors [10] Group 6: Future of Corporate Social Responsibility - The future of corporate growth is expected to balance self-interest with altruism, integrating efficiency with meaningful social contributions [11] - The success of enterprises will increasingly be measured not just by financial metrics but also by their contributions to a better society [11]

Summary of Key Points from the Conference Call Industry and Company Overview - The conference call focuses on the **Asia Strategy Baskets** provided by Goldman Sachs, which aim to offer investors a platform for generating ideas and tracking Asian equities through various macroeconomic and thematic lenses [1][40]. Core Themes and Insights Value Cyclicals and GARP - The strategy favors **Growth at a Reasonable Price (GARP)** and **Value Cyclicals** due to uncertainty around market pricing of Federal Reserve cuts, resilient emerging market growth, and above-average equity valuations. GARP has delivered an **8%** and **18%** excess return over the past **3** and **6 months** respectively [4][7]. Macro Divergence - The strategic competition between the **US** and **China** is driving **US reindustrialization**, which is expected to create investment opportunities for Asian companies in the US supply chain. This theme is preferred over European and Chinese sales exposure due to growth headwinds in Europe and China's shift towards targeted stimulus [8][15]. Shareholder Yield - Policy-driven improvements in dividends, buybacks, return on equity (ROE), and governance in **China**, **Korea**, and **Japan** support the recommendation for **High Dividend Yield with Growth**. Key themes include **China Shareholder Return Portfolio**, **Korea Dividend Tax Reform**, and **Japan Buyback Momentum** [9][17]. Earnings Momentum - Dynamic earnings revision factors have consistently delivered alpha across market cycles, with **Consensus Revision Winners vs. Losers** showing a **31 percentage point** year-to-date (YTD) performance and **Strong vs. Weak Earnings Revisions** showing a **43 percentage point** YTD performance [10][23]. Regional Structural Themes AI Beneficiaries - The call highlights the importance of **AI infrastructure** and applications, recommending investments in **AIGC Hardware**, **Semiconductors**, and **Internet/Software** due to strong fundamentals and accelerated adoption [12][27]. Power Up Asia - The strategy emphasizes investments in **Nuclear** for clean baseload power, **Renewables** supported by China's policies, and core holdings in **Power & Electricity** for stable earnings and attractive valuations [12][33]. Defense Spending - Rising geopolitical risks are expected to benefit **Aerospace & Defense** and **Non-Core Defense Suppliers**, making them a hedge against geopolitical uncertainties [12][29]. Market-Specific Themes China - Targeted policies continue to support strategic areas, including the **China 15th Five-Year Plan Portfolio** and **Prominent 10** [11][35]. Korea - Governance reforms and value-up programs support dividend tax reform and treasury share cancellations [14][31]. India - The focus is on domestic themes such as self-sufficiency, mass-consumption revival, and new economy sectors, with an upgrade to **Overweight** for India in November [14][37]. Additional Insights - The call emphasizes the importance of monitoring macroeconomic conditions, liquidity, and borrowing constraints when trading the discussed baskets, as past performance is not indicative of future results [41]. This summary encapsulates the key themes and insights from the conference call, providing a comprehensive overview of the investment strategies and market dynamics discussed.

对于甜品店来说，奶油的好坏是味觉体验的核心密码。随着行业发展，优质奶油 = 进口奶油的恒定 认知已被打破——从奶源到智能生产与技术突破，再到新国标的推动，国产稀奶油正强势崛起，以 稳定品质与高性价比，交出亮眼的"本土答卷"。 坚守高标准的本土企业快速突围，数据见证着这场变革——国产稀奶油市场份额已提升至38%，奶 油自给率从2020年的68%跃升至82%，曾经的"进口依赖"正在变为"国货自信"。 因此我们整理了市面上常见的国产稀奶油品牌，看看有没有你常用的！ 以下顺序不分先后： 维益爱真稀奶油PRO佳倍 侨南艾易纯稀奶油 雀巢多效全能淡奶油 立高稀奶油 海融恋乳/恋乳慕醇稀奶油 可颂先生名派360PRO稀奶油 百钻稀奶油 爱氏晨曦淡奶油 伊利东方灵感优新稀奶油 妙可蓝多臻制稀奶油 牛佰仕超高温灭菌稀奶油 蔻曼纯净稀奶油 君乐宝稀奶油 含贝稀奶油 熊猫超高温灭菌稀奶油 淳轩淡奶油 塞尚净醇冷藏稀奶油 新希望奶油工坊稀奶油 西亚路稀奶油 麦肯嘉顿纽丝伦匠心甄选稀奶油 Bel PRO稀奶油 乐菲丽娜稀奶油 法玺38%稀奶油 特点： 《GB19646-2025 》新国标稀奶油，精选北纬黄金奶源带生牛乳，天然乳香，风味 ...

Core Viewpoint - Inner Mongolia Yili Industrial Group Co., Ltd. has completed the sale of shares from its sixth, seventh, and eighth employee stock ownership plans, as part of its ongoing stockholding plan initiated in 2014 [1][2]. Group 1 - The company’s board of directors guarantees that the announcement contains no false records, misleading statements, or major omissions, and they assume legal responsibility for its authenticity, accuracy, and completeness [1]. - The sixth phase of the stockholding plan held 3,459,159 shares, the seventh phase held 1,912,400 shares, and the eighth phase held 1,886,965 shares, all of which have been fully sold [1]. - Following the completion of the share sales, the company will proceed with asset liquidation and distribution as per the regulations of the stockholding plan [1].

| 688146 | 中船特 | 6 | 1.13 | 6.76 | 2.62 | | --- | --- | --- | --- | --- | --- | | | 气 | | | | | | 300469 | 信息发 | 5 | 1.13 | 4.81 | 1.19 | | | 展 | | | | | | 688788 | 科思科 | 10 | 0.92 | 4.62 | 23.64 | | | 技 | | | | | | 000007 | 全新好 | 9 | 0.87 | 4.44 | 18.81 | | 001359 | 平安电 | 6 | 0.83 | 5.44 | 17.13 | | | 工 | | | | | | 300948 | 冠中生 | 5 | 0.74 | 4.16 | 7.02 | | | 态 | | | | | | 002020 | 京新药 | 7 | 0.74 | 4.51 | 3.31 | | | 业 | | | | | | 600863 | 内蒙华 | 6 | 0.70 | 3.89 | 0.21 | | | 电 | | | | | | 603225 | 新凤鸣 | 6 | 0 ...

Group 1 - The dairy sector has seen a rise of 3.73%, ranking second among concept sectors, with 34 stocks increasing in value, including Zhuangyuan Pasture which hit the daily limit, and Huanlejia, Qishi Dairy, and Xibu Dairy with increases of 15.90%, 6.42%, and 6.25% respectively [1][2] - The dairy sector attracted a net inflow of 355 million yuan from main funds today, with 23 stocks receiving net inflows, and 5 stocks exceeding 30 million yuan in net inflow, led by Huanlejia with a net inflow of 129 million yuan [2][3] - The top stocks by net inflow ratio include Yisheng Co., Yiyaton, and Huanlejia, with net inflow ratios of 13.68%, 10.97%, and 10.65% respectively [3][4] Group 2 - The dairy sector's inflow ranking shows Huanlejia leading with a daily increase of 15.90% and a turnover rate of 9.98%, followed by Beiyinmei with a 3.23% increase and a turnover rate of 10.27% [3][4] - Other notable stocks include Zhuangyuan Pasture with a 9.99% increase and a turnover rate of 25.09%, and Sanyuan Co. with a 3.39% increase and a turnover rate of 6.32% [3][4] - Stocks such as Yili Co. and Jinyuan Rice also saw increases of 0.72% and 3.73% respectively, with net inflows of 328.74 million yuan and 647.99 million yuan [4][5]

内蒙古伊利实业集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 内蒙古伊利实业集团股份有限公司（简称"公司"）2014 年第一次 临时股东大会审议通过《内蒙古伊利实业集团股份有限公司持股计划（草 案）》（简称"持股计划"）和《内蒙古伊利实业集团股份有限公司持 股计划管理规则》等议案（具体内容详见上海证券交易所网站 www.sse.com.cn），同意公司实施持股计划。 截至本公告披露日，公司第六期持股计划持有的 3,459,159 股、第 七期持股计划持有的 1,912,400 股、第八期持股计划持有的 1,886,965 股公司股票已全部出售完毕。根据持股计划相关规定，后续将进行财产 清算和分配等工作。 特此公告 证券代码：600887 证券简称：伊利股份 公告编号：临 2025-089 内蒙古伊利实业集团股份有限公司 关于第六、七、八期持股计划股票出售完毕的公告 董 事 会 二○二五年十二月二十日 ...

Core Viewpoint - The company has completed the sale of shares from its sixth, seventh, and eighth employee stock ownership plans, totaling 1,025.86 thousand shares [1] Group 1 - The sixth employee stock ownership plan held 345.92 thousand shares, all of which have been sold [1] - The seventh employee stock ownership plan held 191.24 thousand shares, all of which have been sold [1] - The eighth employee stock ownership plan held 188.7 thousand shares, all of which have been sold [1] Group 2 - Following the completion of the share sales, the company will proceed with asset liquidation and distribution as per the relevant regulations of the stock ownership plans [1]

"28天新鲜购"，让奶粉罐有了温度：从智慧牧场的奶源管 理，到智能工厂的柔性生产，再到"一盘货"的渠道创新，最终 抵达消费者的精准多元的服务，伊利构建了一个数智化驱动的 完整服务生态。 作者：王刚 封图：图片资料室 深夜，河北保定的李女士点开手机里的监控软件——又到了孩子吃夜奶的时间。屏幕里，老人正为 孙子冲泡奶粉，罐子就敞开着放在桌上。她的心微微一紧。离家在外打工，孩子的吃奶问题成了她 最揪心的牵挂：爷爷奶奶喂的量够不够？奶粉是不是快过期了？老人记不记得添辅食？ 在与会员的日常交流中，伊利婴配粉的工作人员捕捉到了李女士的焦虑。她的孩子自出生吃的就是 伊利奶粉，她也成为了伊利会员。李女士逐渐发现伊利的服务不止于产品：即便是妈妈群里的寻常 吐槽，也能得到工作人员的悉心回应。 很快，李女士收到了反馈：伊利旗下三款奶粉提供"28天新鲜购"服务，能确保送到手的奶粉生产 日期在28天以内。伊利的客户服务会精准跟踪用户的需求，在奶粉将尽时提醒补货、在需要添加 辅食时给予指导、在遇到喂养问题时答疑解惑……李女士紧绷的弦，终于松下来了。 事实上，李女士的焦虑并非个例，它隐藏在无数客服追问和直播间留言里——"能不能给我货架上 ...