科技浪潮奔涌向前，不断重塑未来图景，新经济与传统产业的边界加速消融。置身于这场深刻变革的 洪流之中，创业邦始终致力于推动生态链接，帮助政府、产业集群和创业者链接资源，与同行伙伴一 同书写新的科创故事。 2021年创业邦正式推出DEMO WORLD大会，致力于将其打造为中国极具影响力的企业开放式创新 展示及链接平台。与此同时，DEMO WORLD持续为大中小企业及投资机构打造更广泛的跨界链接场 景——Banglink闭门对接会，精准匹配产业需求与创新供给，既帮助大企业突破技术瓶颈、挖掘新增 长点，也为中小企业提供资源导入与市场验证的机会，形成双向赋能的生态闭环。 过去四年中，Banglink已成功举办十余场闭门对接会，促成上千家创新企业与行 业巨头达成战略合作， 覆盖技术研发、产品落地、资本注入等多个维度。其中，在2024年的Banglink闭门对接会中，累计有23家 大企业、167家活跃的投资机构和255家来自能源科技、材料科技、生命健康、智能制造、AI、具身智 能、低空经济等热门赛道的优秀企业共同进行线上供需匹配，并最终促成356对成功邀约及现场高效对 接，极大地推动了产业和投融资合作落地。 目前我们已收到 ...

Core Insights - The global market for silica sol castings is experiencing an annual growth rate of 8%, driven by demand in high-end sectors such as aerospace and electric vehicles [1][3][5] - China holds a 25% share of the global market and aims for over 70% localization of key aerospace engine components by 2025, significantly boosting the demand for silica sol castings [3][6] Market Overview - The aerospace and new energy vehicle sectors contribute over 40% of the market growth, with silica sol castings becoming essential for high-end equipment localization [3][4] - The market is characterized by a technological monopoly among leading companies, with significant advancements in silica sol casting processes improving yield rates by 30% and reducing delivery times by 40% [4][6] Key Drivers - Technological advancements are leading to a shift from traditional water-based silica sol to fast-drying and modified silica sol, enhancing production efficiency [4][6] - Policy incentives, such as China's "Made in China 2025" initiative and EU carbon border adjustment measures, are pushing for the adoption of low-energy, high-precision silica sol castings [4][6] Regional Analysis - Asia-Pacific is emerging as a manufacturing hub, with the eastern coastal regions accounting for 60% of China's production capacity, while central regions are growing at a CAGR of 8.5% [6] - In Europe and the US, companies are accelerating technological upgrades in response to environmental regulations, with silica sol castings seeing increased demand in oil and gas extraction [6] Future Opportunities and Challenges - The silica sol casting market is at a crossroads of technological revolution and industrial transformation, with a projected annual growth rate of 6.1% [5] - Emerging sectors such as hydrogen energy storage and nuclear fusion are expected to drive demand for high-temperature and radiation-resistant castings, with a market size projected to reach $500 million by 2030 [6]

中新网太原5月30日电 题：从"采乌金"到"植绿金" 能源大省的绿色突围 作者 范丽芳 李静 绿水青山就是金山银山。作为煤炭大省，近年，山西煤矿企业在绿色开采、固废利用和水资源保护等领 域展开实践探索。从矸石回填到无煤柱开采，从智能污水处理到循环经济应用，这些技术突破正在改变 传统煤矿的生产模式，为资源型地区绿色发展提供新的解决方案。 绿色开采 技术重塑矿山基因 在山西焦煤西山煤电集团公司东曲矿充填硐室内，液压支架将洗选矸石变身的膏体回填到采空区。"这 套系统就像给地层打补丁。"紧盯着操控屏的生产技术部工程师李峰介绍，矿井应用的绿色充填技术已 置换78万吨"乌金"，地表沉降控制在3毫米内。 屯兰矿每天有2400吨煤矸石经过智能分选生产线走向西山华通水泥公司。在这里，让人头疼的黑石头 被"吃干榨净"，由生产"废料"转化为工业"原料"——建筑骨料。 走进官地矿生态制砖厂，机械臂抓取矸石砖的铿锵声此起彼伏，每年上百万块砖的产能让这座老矿的矸 石山年"缩水"万吨。"每块砖能'吃'掉10公斤矸石。"官地矿多种经营分公司更新厂党支部书记梁慧彪 说。 地面造景、井下充填、制砖修路、生态回填……据统计，西山煤电所属矿井年排矸 ...

新 疆 冠 农 股 份 有 限 公 司 XINJIANG GUANNONG CO.，LTD. 《公司章程》 新疆冠农股份有限公司 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下 简称"公司"）。 公司经新疆维吾尔自治区人民政府"新政函1999192 号文"批准，以发起 方式设立；在新疆生产建设兵团市场监督管理局注册登记，取得营业执照，统一 社会信用代码：91650000718902003J。 第三条 公司于2003年5月7日经"证监发行字200346 号"文核准，于2003 年5月26日首次向中国境内社会公众发行人民币普通股4，000万股，于2003年6 月9日在上海证券交易所上市。 第四条 公司名称：新疆冠农股份有限公司 章 程 新 疆 冠 农 股 份 有 限 公 司 XINJIANG GUANNONG CO.， LTD. 《公司章程》 新 疆 冠 农 股 份 有 限 公 司 XINJIANG GUANNONG CO.，LTD. 《公司章程》 新疆冠农股份有限公司章程 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，根据《中华人民共和国公司法》（以 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3][11]. Core Views - The company is positioned to benefit from the high demand in the Xinjiang civil explosives market, being the only producer of ammonium nitrate in the region, which provides both supply and licensing advantages [3][9]. - Following the acquisition by Guangdong Hongda, the company is expected to receive additional civil explosive capacity and optimized regional layout, leading to significant revenue and profit elasticity [3][9]. - Projected net profits for the company are estimated to reach 750 million, 890 million, and 940 million yuan for the years 2025 to 2027, respectively [3][9]. Company Overview - The company operates in the civil explosives and chemical sectors, covering the entire civil explosives industry chain, including upstream natural gas transportation, LNG, and ammonium nitrate production, as well as downstream blasting engineering and mining services [6][20]. - The company was established in 1958 and has undergone several transformations, becoming a joint-stock company in 2011 [20][21]. Civil Explosives Sector - The civil explosives market in Xinjiang is experiencing rapid growth due to the release of coal production capacity, with the company benefiting from its comprehensive industry chain [7][54]. - The company has a production capacity of 119,500 tons of industrial explosives and is the only producer of ammonium nitrate in Xinjiang, with a capacity of 660,000 tons per year [7][22]. - The market share of leading companies in the civil explosives industry is increasing, with the CR10 rising from 44% in 2017 to 62% in 2024 [7][59]. Chemical Sector - The company has expanded its chemical production capabilities through the acquisition of Xinjiang Yuxiang HuYang Chemical Co., which includes products like compound fertilizers, melamine, and ammonium nitrate [8][24]. - By the end of 2024, the company’s production capacities for melamine, urea, nitro compound fertilizer, and ammonium nitrate are projected to reach 210,000, 600,000, 900,000, and 660,000 tons per year, respectively [8][25]. Financial Performance - The company’s revenue and net profit have shown fluctuations, with a significant increase in revenue from 2.61 billion yuan in 2021 to 6.90 billion yuan in 2022, followed by a decline in 2024 due to low prices of bulk chemicals [31][37]. - In 2024, the company achieved a revenue of 6.10 billion yuan, a decrease of 13.1% year-on-year, and a net profit of 670 million yuan, down 21.7% year-on-year [31][41]. Market Dynamics - The demand for civil explosives is primarily driven by mining activities, with coal mining accounting for a significant portion of the demand [59][65]. - Xinjiang's coal production is expected to continue growing, supported by national policies and the region's rich coal resources, which will further drive the demand for civil explosives [69][73].

Core Viewpoint - The enthusiasm for second-hand (中古) items among young consumers is declining, leading to a significant drop in market activity and business closures in the sector [2][4][20]. Group 1: Decline in Young Consumers' Interest - An increasing number of young people, including individuals like Miaojie, have lost interest in second-hand shopping, realizing it no longer holds the same appeal [5][6]. - Miaojie, once a fervent second-hand shopper, has shifted her focus to more unique and culturally significant items, indicating a change in consumer preferences [7][8]. - Social media platforms have seen a decline in second-hand content, with more discussions centered around avoiding pitfalls rather than promoting purchases [8][9]. Group 2: Business Impact - Businesses in the second-hand market, like Dazhao's store, have felt the impact of declining consumer interest, leading to closures and shifts in business strategy [3][10]. - Dazhao initially thrived in the booming second-hand market but began to experience a significant drop in revenue and customer retention by late 2023 [15][16]. - The competitive landscape has become challenging, with issues such as counterfeit products exacerbating the decline in consumer trust and business viability [17][30]. Group 3: Industry Trends - The second-hand market experienced rapid growth from 2019 to 2024, with significant increases in transaction volumes and capital investment [21][22]. - However, the market has since cooled, with major luxury brands also reporting declines in sales, indicating a broader trend affecting the luxury and second-hand sectors [25][26][27]. - The perception of second-hand items as valuable has been undermined by concerns over authenticity and quality, leading to a general skepticism among consumers [29][32]. Group 4: Future Outlook - Despite the current downturn, there remains a belief that a niche market for second-hand items still exists, albeit at a reduced scale compared to previous years [35][36]. - The luxury goods industry is facing a need for innovation and adaptation to new consumer demands, which may also influence the future of the second-hand market [37][38].

| | 付至蔗农手中。 | | --- | --- | | | 4、公司是否考虑并购重组？ | | | 答：并购重组事宜需综合多方因素决策，并非公司单方面可决 | | | 定。当出现合适机会时，公司将秉持审慎原则进行研判，视情况择 | | | 机考虑相关事项，并严格按照规定履行信息披露义务。 | | | 5、公司围绕"一根甘蔗"吃干榨尽拓展产业链，大力发展附加 | | | 值高的增量项目如何实现的？ | | | 答：公司通过燃烧甘蔗渣提供蒸汽及电力，发展循环经济、实 | | | 现资源综合利用。同时，将蔗渣浆用于生产一次性环保纸杯、餐盘 | | | 等纸浆模塑制品，有效提高了蔗渣的产业化利用量，实现了甘蔗渣 | | | 从废弃物到高附加值环保产品的转变。 | | | 6、公司是否考虑通过期货等工具提高公司的经营业绩？ | | | 答：公司作为国有企业，对食糖在期货市场的投放比例受相关 | | | 规定限制。公司将密切关注期货市场动态，结合实际情况，择机运 | | | 用期货等工具进行操作。 | | 关于本次活动是否涉及应披 | 本次活动不涉及未公开披露的重大信息 | | 露重大信息的说明 | | | 活动过程 ...

内容概况：中国循环经济行业正处于全面建设与高质量发展阶段，2024年，中国循环经济行业市场规模 为46366亿元，同比增长13.71%。国家层面，《"十四五"循环经济发展规划》明确提出到2025年资源循 环利用产业产值达5万亿元的目标，并配套出台《关于加快构建废弃物循环利用体系的意见》等政策文 件，从税收优惠、财政补贴到产业准入标准，构建起全链条支持框架。技术层面，AI分拣系统、区块 链溯源平台的应用，使回收成本降低40%，分拣精度提升至95%以上。在加工环节，生物冶金、高温分 解等技术突破，推动钢渣微粉替代水泥熟料比例达30%，磷石膏制硫酸年产能达60万吨。尽管行业规模 持续扩大，但技术瓶颈仍待突破，如芯片级稀土提取等高端技术仍依赖进口。此外，低值可回收物如废 玻璃、废旧纺织品回收率不足30%，需政策补贴驱动。未来，随着"双碳"目标推进，再生资源产业将加 速融入全球供应链，中国资环集团等龙头企业已布局东南亚、欧洲市场，参与国际资源循环体系构建。 相关上市企业：格林美（002340）、中再资环（600217）、英科再生（688087）、怡球资源 （601388）、启迪环境（000826）、东江环保（00267 ...

Core Viewpoint - The approval of casting aluminum alloy futures and options by the China Securities Regulatory Commission is a significant step in enhancing the futures and options system for non-ferrous metals in China, providing more precise risk management tools for real enterprises [1] Group 1: Market Development - The introduction of casting aluminum alloy futures and options fills a gap in the domestic recycled metal derivatives market, marking a key advancement in the futures market's service to the "dual carbon" goals and circular economy [1] - The new futures and options are expected to promote the green and low-carbon development of China's aluminum industry and improve the market and standards for aluminum recycling [1] Group 2: Risk Management Tools - The new futures and options will provide more precise risk management tools for real enterprises and offer new asset allocation options for traders, helping to stabilize spot price fluctuations and enhance market transparency [2] - Enterprises can utilize a composite hedging strategy of "electrolytic aluminum + recycled aluminum" to strengthen their hedging capabilities [2] Group 3: Future Product Development - Multiple futures exchanges in China are advancing the listing of new products such as platinum, palladium, pure benzene, propylene, and sunflower seeds, with some expected to launch within the year [2] - The Guangzhou Futures Exchange plans to focus on the "dual carbon" goals and accelerate the development of a product system that aligns with economic and social transformation, including new energy metal futures [2] Group 4: Opportunities for Futures Companies - Futures companies aim to seize opportunities from the new product listings by providing professional services to meet the hedging needs of related industries [3] - Companies will conduct research on new products, engage in educational activities, and explore innovative business models such as "insurance + futures" and rights-inclusive trading [3] - Specific strategies include collaborating with exchanges for product design and customer needs, leveraging deep research capabilities for trading opportunities, and providing practical service capabilities through industry collaboration [3]

上纬新材 20250528 摘要 尚伟新材 2025 年一季度营收与利润双增长，致力于优化可回收树脂性 能，拓展应用领域，巩固其在节能环保和新能源领域的领先地位。 面对环保监管趋严和气候政策深化，尚伟新材通过加大研发投入、优化 供应链、推进精益生产，并设立战略与可持续发展委员会，将 ESG 理念 融入决策，构建闭环管理机制。 尚伟新材目标成为循环经济材料领头羊和可回收风电材料先行者，计划 搭建可回收策略联盟，力争 2025 年循环经济材料营收占比突破 10%， 并优化循环经济生态系统。 3D 新材稳固国内市场，拓展海外市场，利用马来西亚和台湾工厂辐射东 南亚，并在欧洲布建产能，根据不同地区特点制定差异化策略，加强与 现有客户合作并挖掘潜在需求。 3D 集团特殊性环氧树脂成功应用于飞行器、无人机，降低能耗并提高耐 用性。自主研发的 700 公斤级轻型运动飞机于 2025 年 4 月首飞成功， 标志着其在低空经济领域取得重要突破。 Q&A 尚伟新材在循环经济材料领域的创新应用和技术迭代有哪些具体成果？ 尚伟新材在循环经济材料领域取得了显著成果，包括环保高性能耐腐蚀材料与 可回收热固性树脂的技术迭代。这些创新应用不 ...