本报讯 （记者张文湘）2025年11月5日，金光集团APP亮相第八届中国国际进口博览会（下称"进博会"）。今年金光集团 APP将以"向善"为关键词，展示企业在推动社会发展、引领产业升级、创造美好生活方面的实践成果。 11月6日上午，金光集团APP在展台举行开馆仪式暨第四届"复旦-白玉兰论坛"—"碳路五年·绿色转型中的向善共生"国际研 讨会，并正式发布金光集团APP"3060"绿色成果。论坛由金光集团APP、复旦-金光思想库、复旦大学发展研究院联合主办， 以"双碳"目标提出五周年为契机，汇聚国内外多方力量，围绕绿色低碳转型，共同探讨林业、造纸与生态治理协同共进的实践 经验与未来行动力，推动实现产业升级与生态保护的和谐共生。 （编辑 张伟） 金光集团APP副总裁翟京丽表示，进博会是国家高水平开放的重要窗口，在这八年间，金光集团APP深度参与并受益于进 博会溢出效应，也见证了中国开放格局的不断深化，希望继续以进博会为窗口，携手更多伙伴"绿绘未来"。 作为率先将"林浆纸一体化"模式引入中国的造纸企业，金光集团APP展台在视觉上延续了一贯的绿色基调。此外，展台整 体采用环保材料搭制，让可持续的理念化作看得见、摸得着的切 ...

Group 1 - Multinational companies are crucial for building an open world economy and promoting global economic growth, with a focus on cooperation in Henan province [1] - Louis Dreyfus Group expresses strong interest in investing in Henan due to its rich agricultural resources, convenient transportation network, and large market potential [1] - Honeywell showcases over 100 innovative products at the China International Import Expo, emphasizing its commitment to green development and potential collaboration in transportation, automation, and energy sectors in Henan [1] Group 2 - Wilmar International Group highlights the high quality of Henan's agricultural products and expresses eagerness to collaborate in agricultural processing [2] - The establishment of a modern food industry park by Wilmar International Group near the Zhoukou Central Port reflects the company's recognition of Henan as a significant agricultural hub [2]

新华社巴西贝伦11月6日电 在贝伦气候峰会上的发言 （2025年11月6日，巴西贝伦） 各位同事！ 当前人类站在新的十字路口，需要各方坚持真正的多边主义，加强团结协作，推动全球气候治理行 稳致远。在此，我愿提3点建议。 今年是《巴黎协定》达成10周年，全球气候治理进入关键阶段。中国落实2030年国家自主贡献已经 取得显著成效，提前完成了风电、太阳能发电总装机容量和森林蓄积量等目标。9月24日，习近平主席 在联合国气候变化峰会上，郑重宣布中国2035年国家自主贡献，覆盖全经济范围、包括所有温室气体， 首次提出绝对量减排目标，体现了中国的坚定决心和最大努力。 前不久，中共二十届四中全会审议通过了未来5年中国经济社会发展规划建议，其中对建设美丽中 国作出重要部署，强调以碳达峰碳中和为牵引，协同推进降碳、减污、扩绿、增长，筑牢生态安全屏 障，增强绿色发展动能。中国言必信、行必果。我们将加快经济社会发展全面绿色转型，积极稳妥推进 和实现碳达峰，为应对气候变化作出更大贡献。 第一，把握正确方向。绿色低碳转型是时代潮流。我们要坚定信心，统筹保护环境、发展经济、创 造就业、消除贫困等目标，协同推进民生改善和气候治理，促进高质 ...

Core Insights - The "Three Barrel Oil" companies (China National Petroleum Corporation, Sinopec, and China National Offshore Oil Corporation) have signed significant contracts at the 8th China International Import Expo, indicating a strong commitment to international cooperation in the energy sector [2][3][5] Group 1: Contract Details - China National Offshore Oil Corporation signed contracts exceeding $130 billion (approximately 926 billion RMB), marking a record high for the company at this expo [2] - Sinopec signed agreements with 34 partners from 17 countries, covering 24 product categories with a total procurement amount exceeding $409 billion [3] - China National Petroleum Corporation signed 43 procurement agreements with 41 global partners, totaling $174.85 billion, showing a stable increase compared to the previous year [3] Group 2: Cumulative Agreements - The total contracts signed by the "Three Barrel Oil" companies at this expo reached nearly $714 billion (approximately 5,082 billion RMB) [3] - Since the first expo, China National Petroleum Corporation, Sinopec, and China National Offshore Oil Corporation have collectively signed contracts worth approximately $5,588 billion (around 39.8 trillion RMB) with international suppliers [3] Group 3: Strategic Focus - High-level executives emphasized the importance of open cooperation, energy security, green transformation, and fostering new productive forces in their speeches [5] - The geopolitical landscape, including conflicts like the Russia-Ukraine and Israel-Palestine situations, has impacted the stability of the energy supply chain and investment rhythms in the oil and gas sector [5] - The executives highlighted the need for collaboration in the evolving global energy landscape, focusing on sustainable development and technological innovation [5][6] Group 4: Future Initiatives - The General Manager of China National Petroleum Corporation proposed leveraging the Belt and Road Initiative to enhance bilateral and multilateral cooperation in the energy sector [6] - There is a push for the development and utilization of low-carbon technologies such as carbon capture, utilization, and storage (CCUS), hydrogen, and solar energy [6] - The establishment of a high-level international cooperation system for innovation and the application of artificial intelligence in the energy sector is also a priority [6]

11月3日，在山西临汾洪洞县左家沟乡万安镇鲁生村，国网洪洞供电公司左家沟营业站 运维人员正紧张有序地进行装表接电，标志着该区域清洁取暖工程进入收官阶段。 作为2025年洪洞县重点民生项目之一，万安镇左家沟片区"清洁取暖"工程占该公司总工 程量的三分之一，共覆盖22个行政村、5133户居民。截至10月29日，该区域已架设线路 87.81千米，立杆2297基，安装电表5133块，改造台区118个，惠及群众超过15600人。 在推进"清洁取暖"过程中，洪洞公司总结往年经验，创新实施"全方位入户走访+精准建 档"机制。洪洞公司左家沟营业站负责人徐艳俊带队联合镇政府组建工作专班，逐户摸排房 屋面积、采暖需求及用电设备信息，建立"一户一档"管理台账，确保"不漏一户、不落一 人"。专班人员还现场解答电价政策、设备使用等群众关心的问题，让清洁取暖政策更透 明、更贴近民生。 为应对采暖季负荷激增，洪洞公司每周召开工程推进会，动态优化电网资源配置。在第 38周攻坚会上，各部门达成"配变轮换硬件升级"共识，将负载率不足30%的400千伏安变压 器调整至负荷较高区域，实现"闲置资源高效利用"。通过"合理轮换、增容提质"原则，公司 新 ...

Core Viewpoint - The transition to a green and low-carbon supply chain requires significant investment and presents challenges, particularly the "green premium" that needs to be addressed for deeper transformation [3]. Group 1: Green Supply Chain Development - The 2025 Green Supply Chain CITI Index and Corporate Climate Action CATI Index evaluation report were released, indicating that the construction of green supply chains by both domestic and foreign companies has entered a critical phase of deep advancement [3]. - Nearly 80% of companies are focusing on environmental compliance within their supply chains, although there are still shortcomings in extending these efforts upstream [3]. Group 2: Collaborative Efforts for Green Transition - In the context of weakened global governance, a collaborative effort is necessary to establish new mechanisms for constraints and incentives to facilitate the green transition [3].

2025年，是"十四五"规划收官之年，也是中国式现代化征程上关键一年。面对复杂严峻的内外部环境， 我国电力行业以强大的发展韧性，交出了一份稳中向好、结构优化、绿色转型的亮眼答卷。电力消费作 为经济运行的"晴雨表"，映射出高质量发展的坚实步伐；电力供给则以非化石能源装机历史性跨越60% 为标志，宣告了清洁低碳主导新时代的到来；跨区协同与市场机制的双轮驱动，为能源安全保供筑起了 坚固防线。这一切，为全面建设社会主义现代化国家提供了坚强可靠的能源保障。 消费结构优化彰显发展韧性，新质生产力澎湃增长动能 电力消费数据，是观察我国经济活力与结构变迁的绝佳窗口。2025年前三季度，全社会用电量达7.77万 亿千瓦时，同比增长4.6%，增速呈现"逐季回升"的鲜明态势，这不仅是经济内生动能持续修复的直观体 现，更是增长动力结构深刻重塑的有力证明。 第一产业用电跨越式增长，为乡村振兴注入强劲"电动力"。前三季度，第一产业用电量同比激增 10.2%，远超全社会平均水平，成为农业现代化进程的生动注脚。从畜牧业的智能化养殖到渔业的水体 精准调控，从种植业的自动化灌溉到农产品深加工的电气化升级，电力正深度赋能现代农业。这标志着 我国农 ...

Core Viewpoint - Beijing's "Climate-Resilient Urban Construction Project" has been awarded the "Local Climate Leader" award by the C40 Cities Climate Leadership Group, highlighting its innovative practices in climate adaptation and green low-carbon transformation [1][2]. Group 1: Award and Recognition - Beijing is one of the 12 cities awarded, and the only Chinese city recognized in this year's C40 awards [1][2]. - The C40 "Local Climate Leader" award aims to honor cities with exemplary climate adaptation actions, with over 160 applications from 45 countries [2]. Group 2: Urban Development and Climate Resilience - The Beijing Urban Sub-center integrates green low-carbon and climate resilience concepts into its development framework, resulting in high-quality green buildings and improved transportation systems [3]. - A comprehensive flood prevention system has been established, raising flood standards to a 100-year return period, with 48.2% of sponge city standards met by 2024 [3]. Group 3: Environmental Improvements - Since the start of the project in 2019, PM2.5 annual concentration has decreased by 26%, and carbon emission intensity has dropped by approximately 20% [3]. - The forest coverage rate has reached 34.62%, making it the first national forest city in a plain area of Beijing, and the urban heat island effect has been significantly mitigated [3]. Group 4: Sustainable Urban Ecosystem - The urban sub-center features ecological landmarks and green spaces, enhancing biodiversity with various wildlife, including protected species [4]. - The vision of a livable environment with abundant greenery and wildlife has become a reality for residents [4]. Group 5: Contribution to Climate Adaptation - The construction of the Beijing Urban Sub-center exemplifies the city's long-term commitment to addressing climate change and promoting high-quality green development [5]. - Beijing has made significant strides in optimizing industrial, energy, and transportation structures, achieving a 99% share of quality energy and promoting 1.2 million new energy vehicles [5]. - The city has maintained a stable carbon market for 12 years, contributing to a significant reduction in energy consumption and carbon emissions while achieving a 130% GDP growth since 2012 [5].

Group 1 - The article highlights the challenges faced by small and micro enterprises, particularly the issue of sudden order increases leading to cash flow shortages [1] - Xiamen Bank's rapid response in providing a 10 million yuan credit loan to a medical technology company demonstrates the effectiveness of their online loan product "Xing Su Dai" designed for small businesses [1] - Since the beginning of the year, Xiamen Bank has issued loans totaling 460 million yuan to over 130 local small and micro enterprises, aiding their market opportunities and stable development [1] Group 2 - Hydrogen energy is identified as a key component of the future national energy system and a strategic emerging industry in Xiamen's modern industrial framework [3] - Luyuan Hydrogen (Xiamen) Technology Co., Ltd. has developed over 80 core patents and achieved international leading technology in proton exchange membrane (PEM) hydrogen production equipment [3][5] - Xiamen Bank provided comprehensive financial support to Luyuan Hydrogen, including a 5 million yuan credit loan during its startup phase, facilitating its growth [3] Group 3 - As Luyuan Hydrogen expanded, Xiamen Bank approved a 40 million yuan credit limit for factory upgrades and research and development investments [4] - The company has established a production line with an annual capacity of 1 GW, corresponding to a production value of 2 billion yuan, positioning itself as a leading global hydrogen solution provider [5] - By the end of September, Xiamen Bank's technology finance loan balance exceeded 22 billion yuan, with over 7 billion yuan allocated to small technology enterprises [5] Group 4 - Xiamen Bank has launched personal operating loans for individual businesses, offering up to 1 million yuan without collateral, which has been well-received by small business owners [6] - The bank has also introduced a "Technology Talent Loan" service for high-level talents, providing credit loans up to 5 million yuan for entrepreneurial or technology transformation purposes [6] - By the end of September, Xiamen Bank had issued over 70 million yuan in personal operating loans, supporting the local economy [6] Group 5 - Xiamen Bank has developed a diverse range of inclusive financial products, including "Xing Su Dai," "Ke Xin Dai," and "Zeng Xin Dai," to meet the financing needs of small and micro enterprises [7] - The bank aims to create a high-quality development model for inclusive finance, effectively serving the local real economy and promoting the growth of inclusive finance [7]

Investment Rating - The report maintains a "Buy" recommendation for the electricity and public utilities sector, highlighting potential policy catalysts for green energy [1]. Core Insights - The report emphasizes the recovery of thermal power performance driven by declining coal prices, stable growth in hydropower, and the potential for green energy policy catalysts [1][4]. - It identifies key companies with significant profit growth in the thermal power sector, such as JianTou Energy (+231.79%) and JingNeng Power (+125.66%) [4][7]. - The report suggests that if coal prices stabilize and rebound, it may lead to improved electricity prices and profitability for thermal power companies [16][17]. Summary by Sections Thermal Power - **Performance**: The decline in coal prices has significantly improved profitability, with notable profit growth in companies like JianTou Energy (15.83 billion, +231.79%) and JingNeng Power (31.70 billion, +125.66%) [4][7]. - **Outlook**: A potential stabilization and rebound in coal prices could lead to improved electricity prices, enhancing profitability for thermal power companies [16][17]. Hydropower - **Performance**: Companies such as QianYuan Power (+85.74%) and MinDong Power (+32.38%) have shown strong profit growth due to improved water inflow [25][27]. - **Outlook**: The report suggests that a shift in market style could present allocation opportunities for hydropower assets, especially with declining long-term interest rates [33][34]. Nuclear Power - **Performance**: Short-term performance is under pressure, with China Nuclear Power reporting a 10.4% decline in net profit [38][39]. - **Outlook**: The long-term growth potential remains strong, with significant new nuclear projects expected to come online, enhancing future profitability [50][52]. Green Energy - **Performance**: Offshore wind energy companies like FuNeng Power (+12.17%) have shown growth, although traditional green energy faces challenges [55][62]. - **Outlook**: The report anticipates a new growth cycle for offshore wind energy, driven by favorable policies and market conditions [65].