责编：秦雅楠、王瑞景 当"双碳"战略成为推动高质量发展的国家命题，绿色转型正从顶层设计走进地方发展的肌理，成为探索 可持续路径的重要方向。溧阳高新区的零碳实践，是地方回应国家战略的生动注脚。以产业为根、以创 新为引，绿色发展不再停留在规划层面，而是通过一个个具体场景落地生长。 从产业链到生活圈，这场全域性的跃迁呈现的不仅是园区的更新方式，更折射出中国式现代化在绿色转 型领域的前进步伐。（张静 黄晓溪） 0:00 ...

Core Insights - The establishment of an 18 billion RMB renewable energy investment fund by Xiehe New Energy Group and Taikang marks a strategic move to actively develop and invest in high-quality renewable energy projects through innovative capital cooperation [1][2] Group 1: Business Model Expansion - Xiehe New Energy, a leading green power developer and operator, has over 5GW of operational capacity and nearly two decades of project development experience. The fund's establishment is a significant strategic initiative to expand asset management business and enhance capital efficiency [2] - The fund will primarily invest in renewable energy projects, including wind, solar, and energy storage. This transition allows Xiehe New Energy to evolve from a single "power station operator" to a dual role of "operator + professional asset manager" [2] - By leveraging its expertise in project evaluation, construction management, and operational oversight, the company aims to provide industry insights and professional services to ensure quality and stable returns for the fund [2] Group 2: Strategic Synergy - The collaboration between insurance capital and stable asset operations aligns well, as insurance funds seek stable returns while renewable energy projects offer long-term cash flow stability [3] - For Taikang, this investment aligns with the national "dual carbon" strategy, providing access to high-quality underlying assets while supporting the real economy and achieving long-term stable returns [3] - For Xiehe New Energy, the fund signifies an expansion of its asset management business model, leveraging its operational management capabilities to enhance growth and value creation [3] Group 3: Professional Collaboration - The partnership combines industry and financial expertise, with Xiehe New Energy providing nearly 20 years of industry experience and a proven project evaluation system to ensure asset quality and stable cash flow [4] - Taikang contributes long-term, stable funding support, aligning with the characteristics of renewable energy assets and facilitating the integration of insurance capital with the real economy [4] - This "industry + finance + professional management" combination is expected to create a virtuous cycle, promoting high-quality development in the renewable energy sector [4] Group 4: Future Outlook - The fund's establishment represents an innovative model for capital and industry collaboration in the renewable energy sector, indicating a shift towards efficient separation of capital and operations with professional specialization [5] - The fund is anticipated to accelerate investment deployment, injecting new momentum and vitality into the green transition of the energy structure [5]

Core Insights - The core viewpoint of the articles is that China's lithium battery exports are experiencing significant growth due to the increasing demand for electric vehicles and energy storage solutions, despite facing some fluctuations in 2023 and 2024 due to lithium carbonate price volatility [1][8]. Industry Overview - Lithium batteries, which utilize lithium metal or lithium alloys as electrode materials, are categorized into lithium metal batteries and lithium-ion batteries [3][4]. - The lithium battery industry has evolved significantly since the first lithium battery was created in the 1970s, with major advancements in materials and safety features over the decades [4]. Export Growth - China's lithium battery exports have shown a consistent upward trend from 2019 to 2022, with a notable increase in 2024, reaching 3.914 billion units, a year-on-year growth of 8.09% [1][8]. - In the first three quarters of 2025, the export volume reached 3.399 billion units, marking a 19.14% increase year-on-year [1][8]. Market Demand - The global electrification process and expanding energy storage applications are expected to sustain strong demand for China's cost-effective lithium battery products in overseas markets [1][8]. - The export value of China's lithium batteries surged from $6.78 billion in 2016 to $61.12 billion in 2024, with a compound annual growth rate of 31.63% [10]. Key Export Markets - Vietnam emerged as the largest market for China's lithium battery exports in the first three quarters of 2025, with an export volume of 81.661 million units, a year-on-year increase of 35.04% [10]. - The United States and Germany are also significant markets, with Germany surpassing the U.S. as the top export destination in 2025 [12]. Industry Policies - China's lithium battery industry is supported by a robust policy framework aimed at fostering innovation and market application, including the establishment of national standards and financial incentives [6]. Company Landscape - Major companies in the lithium battery sector include CATL, EVE Energy, Guoxuan High-Tech, and others, which are actively expanding their international presence through overseas factories and joint ventures [7][13]. - CATL reported a revenue of 131.6 billion yuan from its power battery systems in the first half of 2025, reflecting a year-on-year growth of 16.87% [13]. Future Trends - The industry is shifting towards localized value chains, with companies establishing production and R&D facilities abroad to better meet local market demands and regulatory standards [16]. - There is a growing focus on technological innovation, particularly in solid-state and sodium-ion batteries, to enhance performance metrics such as energy density and charging speed [17].

Core Insights - The China Meteorological Administration officially released the "China Greenhouse Gas Bulletin (2024)", marking the 14th consecutive year of monitoring greenhouse gas emissions in China [1] - The bulletin indicates that the annual average increase of carbon dioxide concentration at the Wari Station is in line with the global average level [1] - Human-induced carbon emissions in China have significantly narrowed their growth rate, remaining below the global increase of 0.8%, demonstrating the effectiveness of China's carbon reduction commitments [1] Summary by Categories Monitoring and Reporting - The "China Greenhouse Gas Bulletin" serves as an important decision-making product for climate change response and China's "dual carbon" strategy [1] - The China Meteorological Administration has established a national atmospheric background greenhouse gas observation network, which includes 1 global baseline station, 7 regional baseline stations, 11 pilot baseline stations, and over 120 greenhouse gas observation stations [1] International Recognition - The quality and international comparability of the observation data from the national network have received widespread recognition from the international community [1]

Core Viewpoint - China Uranium Corporation has successfully listed on the Shenzhen Stock Exchange, becoming the first natural uranium stock in the A-share market, with a significant initial price surge and a total market capitalization of 140.62 billion yuan [2][3]. Company Overview - China Uranium is a key subsidiary of China National Nuclear Corporation, specializing in the comprehensive utilization of natural uranium and radioactive co-mineral resources, playing a crucial role in ensuring the supply of natural uranium in China [3][4]. - The company aims to enhance its operational performance and shareholder value through standardized operations and capital empowerment, while contributing to national energy security and the "dual carbon" strategy [2][3]. Financial Performance - Projected revenues for China Uranium from 2022 to 2024 are 10.535 billion yuan, 14.8 billion yuan, and 17.279 billion yuan, respectively, with net profits of 1.52 billion yuan, 1.51 billion yuan, and 1.71 billion yuan [3]. - In the first half of 2025, the company achieved a revenue of 9.55 billion yuan and a net profit of 870 million yuan [3]. Fundraising and Investment Plans - The company plans to raise 4.11 billion yuan through its listing, which will be allocated to domestic natural uranium operations and the comprehensive utilization of radioactive co-mineral resources, as well as to supplement liquidity [4]. - China Uranium holds 19 mining rights and 6 exploration rights across uranium-rich regions in China, establishing a comprehensive production capacity layout [4]. Market Outlook - By 2040, China's nuclear power capacity is expected to reach 200 million kilowatts, with a projected threefold increase in natural uranium demand over the next 15 years, indicating significant growth potential for the company [4]. - The listing is anticipated to accelerate capacity expansion and enhance the domestic supply of nuclear fuel, thereby improving energy independence [4][5]. Industry Trends - The nuclear power sector in China has been experiencing a continuous increase in activity, with approvals for over 10 nuclear power units annually since 2022 [6]. - As of June 30, 2025, China had 58 operational nuclear power units with a total installed capacity of 61,007.74 MWe, and the cumulative power generation from these units increased by 8.06% compared to the previous year [6]. - Investment in nuclear power projects has also seen rapid growth, with a 23.3% year-on-year increase in completed investments from January to September 2025 [6]. Future Prospects - The nuclear power industry is expected to maintain a high growth trajectory, with China Uranium's listing enhancing its resource security and global influence [7]. - The combination of accelerated domestic nuclear power construction and a growing global supply-demand gap is likely to lead to a sustained high prosperity cycle in the nuclear industry for over a decade [7].

Core Insights - The large-scale integration of renewable energy has led to subsynchronous oscillations, which pose a significant technical challenge for the industry, affecting equipment integrity and power supply stability, and hindering the efficient consumption of clean energy [2][12] - A specialized technical team has developed an innovative solution based on "dynamic voltage control of DC-side supercapacitors," successfully mitigating subsynchronous oscillations in renewable energy stations, indicating a promising application potential [2][12] Group 1 - The innovative project titled "Research and Application of DC-side Supercapacitor Voltage Equalization Technology for Subsynchronous Oscillation Suppression under Weak Grid Conditions" has been recognized as a "first-level project" by the China Electric Power Equipment Management Association for its leading technological innovation and significant practical results [3][10] - The project has been successfully implemented at the Tianliquan Wind Farm, eliminating the risk of subsynchronous oscillations and providing a domestic solution for high-proportion renewable and high-power electronic systems, enhancing economic benefits and significantly improving clean energy consumption efficiency [5][14] Group 2 - The company plans to continue driving technological innovation, aligning with the national "dual carbon" strategy, and aims to build a safe, efficient, and sustainable modern energy system, contributing to the clean and low-carbon energy transition [7][17]

Core Viewpoint - China CRRC has successfully developed and launched its first megawatt-level PEM hydrogen production system, achieving full power operation, marking a significant advancement in PEM hydrogen technology [1][4]. Group 1: Technology and Performance - The PEM hydrogen production technology aligns with the intermittent and volatile characteristics of renewable energy, making it suitable for hydrogen production projects using wind and solar power [3][6]. - The megawatt-level PEM hydrogen system has a direct current energy consumption of less than 4.2 kWh/Nm³, with core performance indicators reaching industry-leading levels [3][6]. - The system incorporates high safety and reliability principles throughout its design, verification, integration, and operation lifecycle, utilizing advanced components to minimize hydrogen leakage and production energy consumption [3][6]. Group 2: Design and Application - The system features a containerized design, allowing for flexible transportation and rapid deployment, suitable for complex environments such as offshore platforms and deserts [3][6]. - It can be applied in scenarios such as wind-solar coupled hydrogen production, energy supply for remote areas, and green hydrogen substitution in chemical production, producing high-purity hydrogen for direct supply to fuel cells or chemical production [3][6]. - The system effectively reduces storage and transportation costs as well as carbon emissions [3][6]. Group 3: Strategic Implications - The successful commissioning of the megawatt-level PEM hydrogen system is a strong testament to China CRRC's commitment to the national "dual carbon" strategy and its efforts to create a "dual-track dual-cluster" industrial development pattern [3][6]. - Moving forward, China CRRC will continue to focus on new energy application scenarios, deepening technological exploration and innovation practices to provide efficient and reliable clean energy equipment solutions, thereby contributing significantly to the acceleration of the "dual carbon" strategic goals [3][6].

证券代码：002863 证券简称：今飞凯达 浙江今飞凯达轮毂股份有限公司投资者关系活动记录表 编号：2025-004 2、铝价的波动是否会影响公司利润水平？公司的定价原 则是什么？ | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 □媒体采访 | □业绩说明会 | | □新闻发布会 | □路演活动 | | 现场参观 | | | | □其他（电话会议） | | 参与单位名称及 | 鑫元基金管理有限公司 徐欢 | | 人员姓名 | | | 时间 年 2025 | 月 日 12 2 | | 地点 | 浙江今飞凯达轮毂股份有限公司会议室 | | 上市公司接待人 | 浙江今飞凯达轮毂股份有限公司董事会秘书葛茜芸、财务总监 | | 员姓名 朱妍 | | | | 互动交流情况如下： | | | 1、公司的供应商管理策略如何？选择去云南、宁夏建厂 | | 有何优势？ | | | | 答：公司在供应商方面秉持"稳定、高效、协同、共赢" | | | 的核心理念。公司注重与核心供应商建立长期稳定的战略合作 | | | 关系，通过签订长期协议、实施合作开发等方式提升供应链的 | | 投 ...

Core Insights - BYD Group's Fudi Battery Co., Ltd. has signed a new energy industry project in Zhijiang, indicating a strategic move to enhance its presence in the battery sector [1][2][3] - The local government emphasizes the importance of the "dual carbon" strategy, which has led to the establishment of a closed-loop system for the four main materials in the lithium battery industry [1] - The signing of this project is expected to inject strong momentum into the development of the new energy industry in Zhijiang, further enhancing the local industrial chain [1] Group 1 - The signing ceremony for BYD's new energy project took place on December 1, highlighting the company's commitment to expanding its operations in the lithium battery sector [1] - Zhijiang has successfully attracted 13 leading enterprises in the new energy materials sector, showcasing its strategic focus on transitioning from traditional chemicals to new energy [1] - The project is likely to focus on the power battery sector, although specific details have not been disclosed [2] Group 2 - BYD's establishment in Zhijiang represents a further enhancement of its new energy industry layout in Hubei province [3]

21世纪经济报道记者卢陶然 北京报道 中国温室气体公报是中国气象局服务于应对气候变化工作及我国"双碳"战略的重要决策服务产品之一，这是中国气象局连续第 14年发布中国温室气体监测情况，与世界气象组织（WMO）发布的《WMO全球温室气体公报》相呼应。 2021年，中国气象局建成了全球、全国、省、市四层嵌套的"中国碳源汇监测、核校、支持系统"，基于全球地基高精度二氧化 碳浓度监测，可对全球、全国及省、市尺度的人为碳排放总量变化和自然碳汇变化，进行监测与核查。 据曾沁介绍，中国气象局自20世纪90年代初起，在瓦里关国家大气本底站开展了温室气体观测。截至目前，已建成由1个WMO 全球本底站、7个区域本底站、11个试运行本底站、120多个温室气体观测站等组成的国家级大气本底温室气体观测网。 曾沁表示，中国气象局作为国家应对气候变化工作的科技型、基础性支撑部门，在温室气体监测、评估、计量标准、碳源汇核 算等领域持续提升能力建设。下一步，将进一步优化温室气体观测站网布局，加强高精度大气温室气体监测与动态分析，提升 二氧化碳收支核算能力，深化温室气体对天气气候的影响与反馈作用研究，积极为我国应对气候变化提供有力的科技支撑。 ...