Core Viewpoint - The Sichuan Provincial Government has issued an opinion to support Chengdu in enhancing its core functions and accelerating high-quality development, aiming to establish it as a western economic center, technology innovation center, international exchange center, and a national advanced manufacturing base [1][2]. Group 1: Economic Development - The opinion outlines 15 specific measures to enhance Chengdu's economic growth, focusing on becoming a western economic center by expanding domestic demand and improving resource allocation capabilities [2]. - Chengdu is encouraged to develop into an international consumption center and to co-build a western financial center with Mianyang [2]. Group 2: Technological Innovation - The opinion emphasizes the need for Chengdu to strengthen its technological innovation capabilities, enhance the conversion of scientific achievements, and deepen reforms in the technology system [2][3]. - Chengdu will implement breakthrough actions in frontier technologies such as artificial intelligence, aerospace, biomanufacturing, and clean energy [2]. Group 3: International Exchange - To establish Chengdu as a western international exchange center, the opinion supports the development of a comprehensive international transportation hub and the strengthening of high-level open platforms [2]. - Specific initiatives include the construction of the Tianfu International Airport Phase II and the enhancement of the international flight network [2]. Group 4: Advanced Manufacturing - The opinion aims to support Chengdu in building a world-class advanced manufacturing cluster and nurturing emerging and future industries [3]. - Chengdu will establish new provincial development zones in the Tianfu New Area and the Eastern New Area, and develop a world-class high-tech industrial park [3].

"光伏，成为三明清洁能源发展的新趋势，也是社会福利和公益事业落地实践的重要载 体之一。"国网三明供电公司办公室四级职员、新能源专项工作负责人林举文介绍。据统 计，截至5月底，三明地区现有分布式光伏1.9万余座，容量超过900兆瓦，其中公益类光伏 项目占比约15%，成为拉动乡村振兴、增进民生福祉的重要力量。 过程中，为了确保淮土镇梨树村公益性质光伏项目快速建成投产，国网三明供电公司充 分发挥2024年成立的服务分布式新能源高质量发展工作专班作用，统筹行业内外资源，实行 市县一体联动服务，通过优化电网运行方式、升级改造配套电网设备等系列"组合拳"， 让"光伏板"早日成为"养老板"。 【责任编辑：刘澄谚 】 图为福建省宁化县淮土镇梨树村公益性质光伏项目。吴娟 摄 图为国网宁化县供电公司工作人员在光伏项目并网发电前进行调试。吴娟 摄 近日，福建省宁化县淮土镇梨树村的三个公益性质光伏项目顺利并网发电，成为该村60 岁以上老人的"养老板"。 宁化县淮土镇梨树村是红军长征出发地，村里孤寡老人较多。长期以来，孤寡老人的医 保、社保缴纳以及健康饮食等问题，是困扰当地乡村干部的一个难题。"村里共有273名独居 孤寡老人，曾经，他 ...

Core Insights - The Xinjiang Tianshan North Gobi Energy Base, developed by China Huadian Corporation and China Resources Group, has commenced operation of its first coal power units, providing strong support for electricity supply in Chongqing during peak summer [1][3] Group 1: Project Overview - The total investment for the Xinjiang Tianshan North Gobi Energy Base is 54.7 billion yuan, with a total power generation capacity of 14.2 million kilowatts, including 4 million kilowatts of coal power, 7 million kilowatts of wind power, 3 million kilowatts of solar power, and 200,000 kilowatts of solar thermal power [1] - The project has a high clean energy installation ratio of 71.8%, integrating large-scale wind and solar power with efficient coal power generation [1][3] Group 2: Technological Innovations - The project has achieved several world-first technologies, including the use of a steel pipe X-column structure in cooling towers and the world's largest hyperbolic steel structure cooling tower [2] - It also features the world's first asynchronous motor bidirectional control steam feedwater pump technology and a 200,000-kilowatt large-scale photovoltaic medium-voltage direct current generation system [2] Group 3: Environmental Impact - The two 1 million kilowatt coal units are designed to reduce coal consumption by approximately 6 million tons and carbon dioxide emissions by about 16 million tons annually [3] - The project has created 23,000 job opportunities during construction and incorporates ecological protection and restoration measures [3] Group 4: Future Projections - The energy base plans to have all units operational by December this year, with an expected annual delivery of 36 billion kilowatt-hours of green electricity to the Sichuan-Chongqing region [4] - This initiative aims to transform the Gobi desert into an "energy oasis," enhancing the efficient development and utilization of clean energy in Xinjiang [4]

Core Viewpoint - China General Nuclear Power Group (CGN) actively promotes the integration of clean energy development and marine ecological protection, showcasing its commitment to sustainable marine development at the UN Ocean Conference in Nice, France [1][4]. Group 1: Clean Energy Initiatives - CGN has developed a total installed capacity of 4.74 million kilowatts in offshore clean energy, including nearly 20 offshore wind and solar projects, with an expected annual power generation of 14.8 billion kilowatt-hours, sufficient to meet the annual electricity needs of over 8 million households [2]. - The company has innovatively integrated offshore wind power with marine ranching, exemplified by the Laizhou 304MW offshore wind project, which promotes a symbiotic model of "blue energy + offshore grain warehouse" [2][3]. - CGN's offshore wind and marine ranching projects, such as the "Fuxi No. 1" platform in Guangdong, are designed to withstand typhoons and are expected to generate an annual output value of 54 million yuan [2]. Group 2: Marine Biodiversity Protection - The release of the "CGN Marine Biodiversity Protection White Paper" during the conference highlights CGN's practices in balancing clean energy development with marine ecological protection [4]. - CGN has established a comprehensive ecological monitoring and assessment system around its nuclear power bases, ensuring the growth of over 200 species of marine flora and fauna, including 15 species of coral [5]. - The company advocates for a "nature-positive" approach, focusing on proactive restoration rather than merely reducing damage, and has implemented dual mangrove protection mechanisms at its facilities [5]. Group 3: Global Collaboration and Recognition - Experts from the Green Ocean Institute and other organizations have praised CGN's innovative approach to integrating marine energy with ecological health, suggesting that similar practices could yield significant economic benefits in other regions, such as France [6]. - The "Blue Guardianship, Coexisting Future" exhibition showcased CGN's achievements in marine ecological protection, attracting global attention and highlighting the company's role in fostering collaboration between the corporate and scientific communities [8].

Core Viewpoint - Xiangtan Electric Machine Co., Ltd. is accelerating the production and delivery of advanced motors to enhance market competitiveness and meet customer demands, particularly in the context of rising energy needs and a shift towards cleaner energy solutions [1][5]. Group 1: Production and Manufacturing - The manufacturing center of Xiangtan Electric is experiencing a peak in production capacity, operating at full throttle to meet high demand for advanced motors [1]. - The company has established a specialized team within its custom motor workshop to streamline production processes, focusing on minute-level production scheduling to efficiently respond to client needs [1][2]. Group 2: Technological Advancements - In the field of compressed air energy storage, the large motor workshop has made significant progress by introducing advanced equipment and developing standardized processing guidelines, overcoming technical barriers in rotor processing [2]. - The coil workshop is addressing challenges in high-voltage motor stator coils by utilizing new insulation materials and creating a detailed operational manual, resulting in a substantial increase in the first-time acceptance rate of the coils [3]. Group 3: Market Context and Opportunities - The company is positioning itself to capitalize on the growing global demand for electric motors as countries shift towards electric alternatives and clean energy technologies, particularly in light of high international oil prices [5]. - Domestic leading motor manufacturers are seizing the opportunity to secure international orders, emphasizing the importance of accelerating product output and reinforcing sustainable development principles [5].

Core Viewpoint - Shenzhen Energy Group maintains a long-term credit rating of AAA with a stable outlook, reflecting its strong operational performance and financial stability [1][5][4]. Company Overview - Shenzhen Energy Group is a large comprehensive energy supplier under the Shenzhen Municipal Government's State-owned Assets Supervision and Administration Commission [5][9]. - The company has expanded its operational scale and improved its clean energy ratio, with a strong sustainability in its main business [5][9]. Financial Performance - In 2024, the company's total operating revenue increased by 1.75% to CNY 412.14 billion, while total profit rose by 12.67% to CNY 36.99 billion [5][17]. - As of the end of 2024, the company's total assets reached CNY 1,613.71 billion, with equity of CNY 582.05 billion [9][6]. Debt and Credit Metrics - The company has a low proportion of restricted assets, totaling CNY 3.868 billion, which is 2.40% of total assets [6]. - The total debt increased to CNY 98.262 billion by the end of 2024, with a debt-to-asset ratio of 74.78% [6][5]. Operational Strengths - The company has a diversified power generation structure, with a significant increase in clean energy capacity, which accounted for 74.63% of total installed capacity by the end of 2024 [12][18]. - The company operates 42 solid waste treatment plants with a total daily processing capacity of 50,515 tons [15][5]. Industry Context - The energy supply and environmental protection issues are becoming increasingly prominent, with a shift towards clean energy investments expected to continue [11][12]. - The power industry is anticipated to face cost pressures due to high fuel prices, particularly for coal and gas, while maintaining a balance between supply and demand [12][11]. Future Outlook - The company's overall power generation capacity is expected to expand further with the commissioning of new projects, reinforcing its competitive position in the industry [5][12]. - The credit rating outlook remains stable, with no immediate factors expected to trigger an upgrade or downgrade [5][6].

Group 1: Tax Refund Policy - The implementation of the optimized departure tax refund policy in its first month saw a 116% year-on-year increase in the number of tax refund transactions nationwide, with a 56% increase in sales at tax refund stores [1] - The new policy has led to the establishment of 1,303 new departure tax refund stores, bringing the total to 5,196, which is 1.4 times the number expected by the end of 2024 [5] - The policy also improved payment services for tax refunds, offering multiple payment methods including cash, mobile payments, and bank cards, allowing foreign consumers to receive refunds in as little as five minutes [5] Group 2: Trade with Africa - China has maintained its position as Africa's largest trading partner for 16 consecutive years, with trade volume reaching a record high in the first five months of 2025, growing by 12.4% year-on-year [6][8] - In 2024, the trade volume between China and Africa surpassed 2 trillion yuan, reaching 2.1 trillion yuan, marking four consecutive years of growth [8] - Agricultural trade between China and Africa has also expanded, with imports of agricultural products from Africa reaching 158.3 billion yuan in the first five months of 2025 [9] Group 3: Engineering and Infrastructure - The AG600 amphibious aircraft has entered mass production, with the first three units expected to be delivered by 2025, aimed at enhancing China's emergency rescue capabilities [19][21] - The successful commissioning of the Wuhan 500 kV Dongxin substation is a key project in the "West-East Power Transmission" initiative, expected to provide 6.5 billion kWh of clean energy annually [29][31] - The construction of the longest bridge on the Tongji High-speed Railway has commenced, which is a critical project for connecting Guizhou to Hunan [36] Group 4: Green Technology in Shipping - The world's first wind-assisted Aframax oil tanker has been named, featuring three 40-meter high sails that can save an average of 14.5 tons of fuel per day under ideal conditions, reducing carbon emissions by 5,000 tons annually [39]

Core Viewpoint - Huaneng Hydropower plans to raise up to 58.25 billion yuan through a private placement to fund the construction of two hydropower projects, RM and TB hydropower stations, contributing to China's clean energy goals and regional energy supply security [2][3][4]. Fundraising and Project Details - The total amount to be raised is not more than 58.25 billion yuan, with net proceeds after issuance costs allocated to the RM and TB hydropower projects [2][3]. - RM hydropower station, located in Southwest China, has a total investment of approximately 584 billion yuan, with 43.25 billion yuan from the fundraising [3][4]. - TB hydropower station, the fourth cascade on the upper reaches of the Lancang River, has a total investment of about 200 billion yuan, with 15 billion yuan from the fundraising [4][5]. Strategic Importance - The RM hydropower station will primarily supply electricity to the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing energy supply security and promoting a low-carbon energy structure in China [4][5]. - The development of the TB hydropower station aligns with the goals of "West-to-East Power Transmission" and "Cloud Power Transmission to Guangdong," supporting sustainable economic development [5]. Financial Performance - In 2024, Huaneng Hydropower reported operating revenue of 24.882 billion yuan, a year-on-year increase of 6.05%, and a net profit of 8.297 billion yuan, up 8.63% [8][10]. - The company achieved a significant increase in power generation, with a total of 1,120.12 billion kilowatt-hours, reflecting a 4.62% year-on-year growth [8]. - The financial structure has been optimized, with a 2.04% reduction in financial expenses, contributing to the increase in net profit [8]. Dividend Distribution - For the fiscal year 2024, Huaneng Hydropower plans to distribute a total cash dividend of 3.6 billion yuan, representing 43.39% of the net profit attributable to shareholders [2][10]. - The company has a history of consistent dividend payments, with a total of 223.64 billion yuan distributed since its listing [11].

Core Viewpoint - The article highlights the advancements in grain drying technology in Jiangsu Province, particularly focusing on the transition from diesel-powered to electric-powered drying equipment, which enhances efficiency and reduces costs while promoting environmental sustainability [1][3]. Group 1: Grain Drying Process - A grain drying center in Jiangsu processes newly harvested wheat, with a focus on maintaining optimal moisture levels for storage quality, which is critical at 12.5% moisture content [1]. - The drying center utilizes an automated system where sensors monitor moisture levels, ensuring that the drying process halts once the desired moisture content is achieved [2]. Group 2: Transition to Clean Energy - The transition from diesel to electric drying equipment is driven by the need for automation, green energy, and improved quality control, addressing previous issues with uneven heating and high operational costs [2][3]. - The financial burden of upgrading to electric equipment is mitigated through a partnership with local government and investment firms, allowing the village to repay the costs over five years while saving on energy expenses [3]. Group 3: Current Status and Future Plans - As of now, 85.31% of the drying machines in Taicang have been converted to clean energy, with ongoing efforts to achieve full coverage by the end of 2026 [3][4]. - The grain drying operations are expected to resume in October for rice harvesting, with plans to continue upgrading remaining equipment during the off-season [4].

0:00 21世纪经济报道记者吴斌 上海报道 《21世纪》：在贸易保护主义的冲击下，亚太区企业当前面临哪些痛点？如何应对动荡的全球环境？ Oliver：亚太大型企业多涉足美国市场，在关税的影响下，我们观察到企业对冲需求显著增加，风险管 理要求大幅提升。拥有复杂供应链的大型企业正在持续评估关税的影响，包括对其收益的影响。 在充满不确定性的市场环境下，企业需要最新的政策信息以及市场解读，因此，我们认为与企业保持更 密切的联系非常重要。 此外，当前并购和股权融资市场并非处于高点，即便关税政策改善，高利率和股市波动仍将持续。私募 股权资产老化（持有期中位数已达6年），叠加流动性收紧，这些因素将推动对非传统资产的需求，这 也是未来的机遇所在。 《21世纪》：亚太是全球经济增长引擎，你最看好哪些市场？相比其他地区，亚太地区有哪些优势和劣 势？ 在世界面临贸易保护主义、地缘冲突等多重挑战之际，蓬勃发展的亚太为全球注入了一针强心剂。 摩根大通环球企业银行亚太区联席主管Oliver Brinkmann近日在接受21世纪经济报道记者独家专访时表 示，亚太创新经济生态正处于蓬勃发展期，这里既有高增长区域特征，又拥有相对年轻的人口红 ...