21世纪经济报道记者雷椰 北京报道 2025年是我国"十四五"规划收官与"十五五"规划谋篇之年，也是我国"双碳"目标提出的五周年。与此同 时，气候变幻依旧莫测，"高温"警报持续拉响，全球平均温度"居高不下"。 近年来，ESG理念已经进入了全新的发展阶段。在国内政策的有力推动下，ESG建设正逐步融入国家治 理体系的总体框架。随着《上市公司可持续发展报告指引》《企业可持续披露准则——基本准则（试 行）》《上市公司信息披露管理办法》多项重要政策相继出台，ESG信息披露正在从"自愿"走向"强 制"，从"社会责任范畴"跨入"证券监管领域"，开启了企业可持续发展与监管融合的新篇章。 政策驱动下，市场实践层面的变化同样显著。今年 A 股 ESG 信披季已落下帷幕，Wind 数据显示，A 股上市公司 ESG 信披率连续攀升至 45.72%，创下历史新高。其中钢铁、煤炭、交通运输、石油石化等 高排放行业信披率均突破 60%。ESG 表现正成为传统企业转型的 "金钥匙"—— 良好的 ESG 实践不仅能 显著提升企业对金融机构的吸引力，更能为其争取到更多转型金融资源支持，加速产业升级进程。 ESG 的影响力不仅体现在企业个体层面， ...

Performance Forecast - The company expects a year-on-year increase in operating performance for the first half of 2025, with projected profits ranging from 1,473.08 million to 1,574.67 million yuan [1] - The net profit attributable to shareholders is expected to be between 1,015.91 million yuan, reflecting a growth of 45% to 55% compared to the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be between 1,465.72 million and 1,567.31 million yuan, indicating a growth of 69% to 81% year-on-year [1] - Basic earnings per share are estimated to be between 0.2922 yuan and 0.3125 yuan, compared to 0.2026 yuan in the same period last year [1] Reasons for Performance Change - The increase in business revenue is attributed to a year-on-year improvement, alongside a continuous growth in power generation from the new energy business, which is linked to the increase in installed capacity [1] - The company has made significant progress in its green transformation, leading to enhanced operational efficiency [1]

Group 1: Economic Growth and Industry Structure - Jiangyin's economy has maintained strong growth, with GDP expected to exceed 510 billion yuan in 2024, and the industrial sector accounting for over 50% of the economy, ranking among the top county economies in China [2][3] - The industrial structure is continuously optimizing, with traditional industries upgrading towards high value-added sectors and emerging industries like high-end equipment, new materials, and biomedicine rapidly rising [2][3] - The government is focusing on building a "345" modern industrial system, consolidating three pillar industries, targeting four emerging industries, and planning for five future industries [2][3] Group 2: Future Lending Focus - Jiangyin Rural Commercial Bank's future lending will focus on two main areas: supporting traditional enterprises' intelligent transformation and resource allocation for "specialized, refined, unique, and innovative" small and micro enterprises, as well as rural revitalization projects [3] - Emphasis will be placed on financing support for green technology applications and innovative enterprises, integrating deeply into regional economic transformation [3] Group 3: Interest Margin Trends - In Q1 2025, the net interest margin narrowed due to declining asset yields influenced by overall market interest rate reductions and increased competition affecting loan pricing [3] - The bank is actively optimizing its deposit structure to increase the proportion of low-cost deposits and control high-cost deposit growth, which helps mitigate the pressure from declining asset yields [3] - Although facing short-term pressure on net interest margins, the bank expects a gradual stabilization throughout the year due to ongoing improvements in the liability side and asset structure optimization [3]

Core Viewpoint - The transition from caustic soda (sodium hydroxide) to soda ash (sodium carbonate) in drilling operations represents a significant technological advancement, promoting a green transformation in the mining and construction industry [1][2]. Group 1: Technological Improvement - The use of soda ash reduces the corrosiveness compared to caustic soda, enhancing safety for both equipment and personnel [1][2]. - Soda ash effectively stabilizes drilling mud while minimizing environmental risks associated with waste disposal [1][2]. Group 2: Environmental Impact - The adoption of soda ash in projects, such as the Guizhou natural gas pipeline and Xinjiang Mabei oilfield, has demonstrated improved environmental protection and reduced ecological impact [2]. - The environmentally friendly nature of soda ash positions it as a key driver for the green transformation in the exploration industry [2]. Group 3: Economic Benefits - The switch to soda ash lowers the costs and complexities associated with waste mud treatment, providing economic advantages for companies [2]. - The successful implementation of this technology sets a new benchmark for mining and construction companies, offering valuable insights for green transitions in other industries [2].

Core Viewpoint - Chinese material companies are accelerating their global market expansion through a three-pronged approach of "technological breakthroughs, green transformation, and scenario revolution" [1] Group 1: Technological Breakthroughs - Over the past 20 years, Chinese material companies have made significant advancements, achieving large-scale production and technological breakthroughs in key areas such as photovoltaic panels and rare earth permanent magnets [2] - The electric porcelain insulator produced by China National Materials Jiangxi Electric Porcelain Co., Ltd. has successfully penetrated the U.S. market despite tariffs, with a global market share of approximately 10% for 110kV and above insulators [2][3] - Continuous investment in R&D and strict quality control have enabled Chinese electric porcelain companies to gain international market trust, with many products meeting international advanced standards [3] Group 2: Green Transformation - The EU carbon tariff is driving low-carbon practices in Chinese materials, with companies like China Jushi establishing the world's first zero-carbon fiberglass manufacturing base, achieving 100% green production [4] - The wind power project associated with Jushi's facility generates over 600 million kWh annually, enough to power 150,000 households, showcasing the company's commitment to sustainability [4] - The green competitiveness of Chinese materials is becoming essential for international market participation, with 95% of surveyed foreign companies planning to achieve decarbonization in China by 2050 [5] Group 3: Scenario Revolution - Chinese material companies are shifting from single product trade to providing comprehensive system solutions, enhancing their role from mere suppliers to value-added service providers [6] - China National Materials International Engineering Co., Ltd. leverages its complete industrial chain to offer global clients a full range of services, enhancing competitiveness [6] - The cross-border e-commerce model developed by China National Building Material Group integrates logistics and distribution, creating new international pathways for resource collaboration [6] Group 4: Strategic and Tactical Innovations - To navigate the "Outward Expansion 3.0" era, Chinese material companies must innovate both strategically and tactically, focusing on carbon neutrality and leveraging carbon tariff pressures as opportunities for industrial restructuring [7] - Emphasizing detailed management of product carbon footprints and establishing data recognition mechanisms with European green certification bodies can mitigate compliance risks [7] - Digital upgrades in production processes, such as blockchain technology for carbon information transparency, can enhance supply chain bargaining power and optimize ASEAN supply chain layouts [7]

Group 1: Youth Empowerment in Economic Development - The city of Binzhou is leveraging the power of youth to drive the development of the private economy, focusing on innovation and new technologies [2][16] - The "Youth First, Open New Situations" media activity highlights how young talents are contributing to various sectors, including smart manufacturing and ecological agriculture [2][16] Group 2: Technological Advancements - Shandong Kaitai Group has achieved a domestic market share of 41.02% and an international market share of 23.07% in intelligent sandblasting equipment, becoming a global leader [4] - The company has cultivated a skilled workforce, including 12 senior engineers and 150 technicians, fostering innovation through initiatives like the "Li Fuqing Craftsman Innovation Studio" [6] - Shandong Haorun Automation Technology Co., led by a young team, has developed a remote monitoring device for groundwater, filling a domestic gap and enhancing data security [8] Group 3: Green Innovation - Shandong Youtai Technology is addressing waste management and resource recycling in industrial production, achieving significant water savings and operational efficiency [9][11] - The company has been recognized as a model for resource recycling in Shandong Province, showcasing its commitment to environmental sustainability [11] Group 4: Agricultural Innovation - Binzhou Zhongyu Food is pioneering a green circular economy in agriculture, significantly increasing the value of wheat by-products and achieving annual sales of 11.988 billion yuan [13] - The company has developed a comprehensive wheat industry chain, integrating high-end breeding and ecological farming practices [13][15] Group 5: Youth Engagement and Community Development - The Binzhou Youth League is actively promoting youth engagement in economic initiatives, organizing numerous events to foster talent and support local projects [16][17] - The league's efforts have resulted in the establishment of new youth-friendly spaces and initiatives aimed at enhancing community involvement and economic vitality [16][17]

Core Viewpoint - The rapid growth of electric vehicle ownership in China is leading to a peak in battery retirements, creating significant opportunities in the battery recycling industry, which is projected to be a trillion-yuan market [1] Group 1: Company Overview - Jin Jing New Energy, listed on the Hong Kong main board in 2018, transitioned from traditional construction to the battery recycling sector in 2022 by obtaining the first battery disposal license in Hong Kong [3] - The company is constructing the "Hong Kong Environmental Park Battery Recycling Factory," the only licensed lithium battery recycling line in Hong Kong, with an initial processing capacity of 10,000 tons per year [3] Group 2: Global Strategy and Partnerships - Jin Jing New Energy has established a global recycling network extending to 28 countries, with 77 service nodes in key markets such as the US, Europe, and Southeast Asia [4] - The company has acquired Green Jade in Singapore to enhance compliance with EU environmental standards and strengthen its global resource allocation capabilities [4] - Collaborations with leading companies like Guoxuan High-Tech and CATL have been formed to deepen exploration in battery recycling services [4] Group 3: Financial Performance - For the fiscal year 2025, Jin Jing New Energy reported a 92.3% increase in revenue to HKD 870 million, with reverse supply chain management and environmental services contributing 80% of the revenue [5] - The net loss attributable to shareholders significantly narrowed from HKD 78.9 million to HKD 15.7 million, and adjusted EBITDA turned positive, increasing from a loss of HKD 40.1 million to HKD 44.8 million [5] Group 4: Market Position and Competitive Advantage - Jin Jing New Energy holds over 90% market share in Hong Kong's battery recycling sector, benefiting from early involvement and collaboration with the government to establish a complete recycling system [7] - The company aims to expand into Southeast Asia and the US, leveraging its established recycling network and strong partnerships with industry leaders to enhance its competitive edge [8][9] - The domestic battery recycling market in China is complex, with a significant number of unregulated players, highlighting the need for regulatory reinforcement to support legitimate businesses [10]

Group 1 - The BRICS cooperation mechanism has expanded, with Indonesia officially joining as a member in January 2023, and ten other countries becoming partner nations, which has generated significant interest among overseas Chinese communities [1][2] - Overseas Chinese in Indonesia have reported tangible benefits from BRICS membership, such as the ability to conduct business transactions in RMB and reduced cross-border transaction costs by approximately 30% [2] - The BRICS mechanism has facilitated faster project implementation in Indonesia, including the joint feasibility study for the Jakarta-Bandung high-speed rail extension [2] Group 2 - Thailand's participation in the BRICS partnership has enhanced interactions between Thailand and China, leading to increased investment opportunities and job creation for Thai youth [3] - Chinese enterprises have shown interest in Thailand's potential in new energy sectors, with a recent delegation visiting to explore investment opportunities [3] - The BRICS mechanism has improved the efficiency of business operations, including faster visa processing and logistics clearance for Thai-Chinese business interactions [3] Group 3 - The BRICS summit in Brazil attracted thousands of participants, highlighting Brazil's focus on green transformation and the interest of Chinese companies in renewable energy and smart grid solutions [4] - Chinese enterprises are providing reliable technology and cost-effective solutions to support Brazil's green development, filling market gaps [4] - The expanding BRICS cooperation offers overseas Chinese more opportunities to engage in various sectors, including digital economy, green technology, and cultural education [4] Group 4 - Overseas Chinese are actively participating in BRICS cooperation by enhancing local business operations, such as developing Indonesian language customer service systems [5][6] - The BRICS framework allows overseas Chinese to engage more directly in project bidding and partnerships, increasing their involvement in local economies [6] - Initiatives like the "BRICS Entrepreneurs Matching Week" are being organized to connect young entrepreneurs and investors from different countries [6] Group 5 - The BRICS mechanism is seen as a platform for civil society and youth engagement, with calls for establishing open digital economy cooperation and joint financing for green transitions [8][9] - There is a strong desire among overseas Chinese to enhance cooperation in key areas such as food security, energy transition, and digital technology [9] - Cultural exchanges, such as performances by Chinese artists in Brazil, are viewed as vital for fostering mutual understanding and cooperation among BRICS nations [9]

瓦拉卢向记者展示了一件他收到的礼物——一把苏州缂丝团扇，扇面绣着骆驼与帆船组成的丝路图景。 他表示，共建"一带一路"倡议提出以来，为共建国家带来广阔发展机遇。摩洛哥作为北非地区首个与中 国签署共建"一带一路"合作规划的国家，将这一重要倡议视为实现国家发展目标、拓展多元化合作伙伴 关系、深化摩中战略伙伴关系的重要契机。"共建'一带一路'为摩洛哥的经济社会发展带来新动力，为 摩中共同发展架起机遇之桥。"瓦拉卢说。 走进摩洛哥前经济与财政大臣法塔拉·瓦拉卢的书房，如同来到一座文化驿站——雕花木架上摆着中国 折扇、青花瓷盘与摩洛哥铜灯；书柜里有《论语》阿拉伯文译本与他2017年出版的作品《我们与中 国》，还有他获得的第十二届"中华图书特殊贡献奖"证书。 瓦拉卢从书桌抽屉中取出一沓泛黄的照片递给记者，其中有2002年他陪同摩洛哥国王穆罕默德六世访华 时在长城上的留影，有2017年他参加首届"一带一路"国际合作高峰论坛时与中国企业家洽谈的照 片。"每次到访中国，我都会问自己一个问题：下次来时，这片土地又会诞生怎样的奇迹？我始终相 信，当我再踏上中国的土地时，会看到超出我想象的发展故事。" "君子和而不同。"瓦拉卢认为，中 ...

Group 1 - The 2025 Ecological Civilization Guiyang International Forum opened on July 5 in Guiyang, focusing on "Harmonious Coexistence between Humans and Nature - Discussing Global Development and Green Transformation" [1] - Guizhou has become a significant ecological safety barrier in China, with a focus on developing green productivity and promoting green industrial projects [3] - Guizhou's transformation reflects the broader narrative of building a beautiful China, with significant reductions in energy consumption intensity and the establishment of the world's largest carbon market [5] Group 2 - China's exploration of balancing protection and development offers valuable lessons for global green transformation, with a focus on collaborative efforts among various government departments [7] - The year 2025 marks the 20th anniversary of the "Green Mountains and Clear Water are as Valuable as Mountains of Gold and Silver" concept, prompting discussions on China's unique paths in green transformation [9] - The low-carbon green industry is crucial for global economic recovery, with China maintaining a steadfast commitment to green transformation despite global challenges [11] Group 3 - Innovations have significantly reduced the costs of essential green technologies, such as a 90% decrease in solar power costs over the past decade, enhancing energy security [13] - China's investments in green industries are creating global opportunities, with increasing international collaboration and technology sharing [14][16] - Eco-certification is becoming a vital tool for Chinese products in overseas markets, enhancing their quality and marketability [19][20]