当地时间12月15日至16日，由联合国环境规划署等机构发起、主办的"创建可持续商业与品牌高级别对话会"以及"可持续企业家论坛2025"等在肯尼亚内罗毕 举行。五粮液在此次系列高级别议程中亮相，以案例发布、理念分享、深度文化体验，向世界系统阐释中国领军企业如何将生态责任转化为高质量发展核心 动能的实践路径，不仅标志着五粮液的可持续发展实践获得了国际社会的认可，更清晰展现出其从"卓越产品输出者"向"可持续商业理念与发展模式引领 者"的跨越。 12月15日，在"创建可持续商业与品牌高级别对话会"上，《五粮液：以"四循环"打造负责任的商业体系》的可持续发展实践得到认可，被作为"创建可持续 品牌"愿景倡议的年度代表性案例向全球发布。这一倡议源于今年9月在联合国日内瓦万国宫发起的一项中国品牌集体行动，旨在塑造可持续发展全球新名 片、构建国际共识。 五粮液集团公司副总经理、环保总监李健以视频方式出席会议，对白酒行业首个以"土、热、电、水"四循环为核心的绿色发展体系——从"酿酒—饲料—有 机肥—种植"的生态农业闭环，到酒糟变清洁能源、废水产"绿电"、净化水回哺自然的系统性创新进行了全面阐释。这套绿色发展体系呼应多个可持续发展 ...

12月9日，2025（第九届）企业社会责任活动在深圳举行，现场发布了深蓝媒体智库企业社会责任优秀 案例榜单。康师傅控股有限公司（以下简称"康师傅"）因在"双碳"目标大框架下，通过新质生产力实现 绿色低碳科技革命，为有关方面发展绿色低碳产业提供切实可行的解决方案，提升产业链稳定性，创造 更大的价值而获得了"2025年度企业社会责任低碳榜样"。 在当下社会，企业社会责任正经历从"被动合规"到"主动战略"的深刻变革。ESG要求企业将长期的社会 效益、环境效益与经济效益相结合，这促使企业的价值创新更加注重长期性和多元性。这种价值创新不 仅体现在经济回报上，更体现在对社会和生态系统的正向影响中，为企业构建更强的长期竞争力。也正 是在这样的大背景下，康师傅通过新质生产力实现绿色低碳科技革命，为有关方面发展绿色低碳产业提 供切实可行的解决方案，提升产业链稳定性。 不论是2023年的rPET造万物项目，还是2024年的万物皆有yuan项目，亦或是2025年的食·裳项目，康师 傅数年如一日地深耕ESG，拓界衣食住行不同场景，并始终致力于将ESG理念从愿景落到实处。从细节 来看，康师傅此次环保时装共创项目，正是GDI for S ...

Core Viewpoint - Double Xin Environmental Protection Materials Co., Ltd. emphasizes its commitment to environmental protection and sustainable development, showcasing its advanced practices in the production of polyvinyl alcohol (PVA) and related products, while also highlighting its strong market position and growth potential in both domestic and international markets [1][2][5][8]. Group 1: Environmental Commitment - The company has established a circular economy industrial chain from limestone mining to PVA and downstream products, effectively managing pollution and reducing environmental risks [1]. - It has received recognition from the Inner Mongolia Ecological Environment Department for its outstanding environmental protection efforts [1]. Group 2: Product and Market Position - Double Xin specializes in the research, production, and sales of PVA, special fibers, and calcium carbide, with a complete PVA industrial chain layout [2]. - The company has an annual production capacity of 130,000 tons of PVA and 870,000 tons of calcium carbide, ranking among the top in the industry for PVA production in 2024 [2][6]. Group 3: Technological Innovation - The company has developed core technologies for the industrialization of PVA and its upstream and downstream products, contributing to significant advancements in production processes [3]. - It has undertaken major research projects, including key technology studies for green manufacturing of high-performance PVA [3]. Group 4: Financial Performance - The company reported revenues of 5.061 billion yuan, 3.783 billion yuan, and 3.486 billion yuan for the years 2022 to 2024, with net profits of 808 million yuan, 558 million yuan, and 521 million yuan respectively [6]. - For the first half of 2025, the company achieved revenues of 1.797 billion yuan and net profits of 281 million yuan, with an expected annual revenue of 3.719 billion yuan, reflecting a growth of 6.66% [6]. Group 5: Fundraising and Future Projects - The company plans to raise 1.865 billion yuan through its IPO, with net proceeds expected to be approximately 1.798 billion yuan after expenses [7]. - The funds will be allocated to projects aimed at increasing production capacity and enhancing energy efficiency, as well as establishing research and development facilities [7]. Group 6: Market Opportunities - The company is positioned to benefit from the growing demand for high-end PVA products and the increasing reliance on domestic production due to over 30% import dependency in the high-end PVA market [5]. - Strategic partnerships, such as with Mitsubishi Chemical, are facilitating entry into global high-end supply chains [5].

12月18日下午，内蒙古双欣环保材料股份有限公司（以下简称"双欣环保"，股票代码：001369.SZ）首 次公开发行股票并在主板上市网上路演在全景路演举行。 投资者交流环节，问及重庆项目情况，双欣环保副总经理、董事会秘书安志敏介绍，重庆项目主要生产 的是聚乙烯醇光学膜，该产品是公司聚乙烯醇下游高附加值产品，目前国内严重依赖进口，项目投产后 将进一步增强自主可控能力，为下游产业链的供应安全提供保障。依托公司完整的循环经济产业链及完 善的研发体系，该产品具有技术先进性和低成本优势，公司未来将进一步向聚乙烯醇下游高附加值方向 延伸，提高下游产品的生产规模和能力，实现新的业绩增长极。 产品市场力表现方面，据介绍，报告期内，双欣环保聚乙烯醇及相关产品的生产经营整体处于满负荷、 低库存运行状态，产能利用率和产销率较高；产品在国内销往29个省（自治区、直辖市），部分产品出 口欧洲、南美洲、东南亚等地的40余个国家和地区。其中，国内市场，双欣环保的聚乙烯醇、特种纤 维、醋酸乙烯均获得内蒙古自治区名牌产品荣誉称号。公司与建滔集团、吉林化纤、东方雨虹、美巢、 保定印钞厂、晨鸣纸业、广东宝德利、重庆天勤、东材新材、艺都科技、台嘉玻 ...

循环经济是"无废城市"建设的核心引擎。江苏各地深刻践行"垃圾是放错位置的资源"这一理念，通过技 术创新和产业升级，将各类固体废物"吃干榨净"。在苏州工业园区，循环经济产业园内的企业将餐厨垃 圾转化为天然气和有机堆肥，把污泥制成循环燃料，实现资源的高效利用。徐州作为全国首批"无废城 市"建设试点城市，更是将循环经济贯穿于城市转型的始终，通过构建"2+3+X"固废资源化处置利用体 系，不仅消纳利用了大量煤矸石、建筑垃圾，还成功将采煤沉陷地修复为生态绿地，实现了生态效益与 经济效益的双赢。这些实践表明，循环经济不仅是解决固废污染的良方，更是推动城市绿色低碳转型的 强大动力。 然而，我们也应清醒地看到，"无废城市"建设仍面临一些挑战，如部分低值再生资源回收利用难、公众 意识有待进一步提升等。这需要我们持续加大投入，完善政策支持体系，加强技术创新和宣传教育，不 断推动循环经济向更高水平发展。 江苏在"无废城市"建设中，注重系统谋划与科技赋能，为循环经济的发展提供了坚实支撑。从省级层面 率先启动全域建设工作，到各地因地制宜制定方案，江苏构建了完善的顶层设计。同时，数字技术的广 泛应用，让固废管理更加智慧高效。无锡的"智慧 ...

"我们深切体会到，循环经济产业要实现规模跃升，必须善用金融与资本市场。"河南循环科技产业集团（以下简称河南循环集团）党委副书记、总经理王中 旗称。 王中旗介绍，河南循环集团以"资源回收再利用"为核心，形成了涵盖电子废弃物处理、再生塑料高值化利用、再生铜加工、报废汽车拆解再制造、循环经济 产业园运营以及循环经济互联网+等多领域协同的全产业链布局。公司下属26家企业，遍布全国15个省及直辖市。 谈及金融和资本市场对循环经济高质量发展的助力，王中旗举例介绍了近年来河南循环集团两项关键资本运作。一是发行两期绿色ABS，累计融资16.52亿 元；二是引入战略投资者，公司以16.38%的股权，获得行业龙头格林美股份有限公司的4亿元投资。 【大河财立方 记者 王鑫 文 马腾飞 洪昊旸 摄影】12月18日，"澎湃金融动能 赋能现代产业"清华五道口金融PLUS产业峰会在郑州举办。 当前，全球新一轮科技革命和产业变革加速演进，进入一个充满"新变量"的时代。与此同时，产业的升级催生着"新范式"的涌现，而这一切都离不开金融的 支持。 在此背景下，本次峰会围绕"新变量与新范式—金融赋能与现代产业体系构建"这一核心议题，邀请了多个领域的 ...

Core Viewpoint - The article discusses the resilience of Sanyou Chemical in the chemical industry despite being in a cyclical downturn, highlighting its unique business model and strategic advantages that allow it to maintain profitability and prepare for future recovery [4][20]. Group 1: Company Overview - Sanyou Chemical, established in 1999 and listed in 2003, has evolved from a single soda ash producer to a diversified chemical company with four core businesses: soda ash, viscose staple fiber, chlor-alkali, and organic silicon [5]. - The company has built a circular economy model through its "two alkalis and one chemical" strategy, where chlor-alkali operations play a central role in resource utilization and cost efficiency [6][7]. Group 2: Financial Performance - In the first three quarters of 2025, Sanyou Chemical reported total revenue of 14.16 billion yuan, a year-on-year decline of 11.9%, with net profit attributable to shareholders dropping by 69.2% to 120 million yuan [10][12]. - The third quarter showed a significant decline, with revenue of 4.6 billion yuan, down 13.5% year-on-year, and net profit of 48.41 million yuan, a decrease of 27.8% [14]. - The main products faced "volume and price declines," leading to a significant drop in profit margins, with gross margin levels falling over 9 percentage points compared to 2021 [14]. Group 3: Cost Management and R&D - Despite the downturn, Sanyou Chemical managed to reduce operating costs by 5.4 billion yuan year-on-year, benefiting from its "extreme cost reduction" strategy and maintaining R&D investment at 270 million yuan [19][20]. - The company is focusing on developing new technologies in green soda production and new viscose spinning processes, indicating a commitment to long-term technological advancement [20]. Group 4: Industry Dynamics - The chemical industry has shifted from "incremental competition" to "survivor takes all," with increasing concentration in the soda ash market, where leading companies like Sanyou Chemical hold significant market shares [26]. - The industry is expected to see limited new capacity due to high entry barriers related to environmental and energy consumption regulations, suggesting a potential recovery in market conditions as demand rebounds [26]. Group 5: Strategic Outlook - Sanyou Chemical's current strategy focuses on leveraging its scale and technological strength to outlast competitors during the downturn [27]. - The company has a history of high dividend payouts, maintaining a payout ratio above 30% since 2012, and is now preparing for future cycles by conserving cash [28][31]. - The potential for profit elasticity is significant as the company navigates through the current cycle, supported by its large production capacity and cost advantages from its circular economy model [33].

证券代码：301216 证券简称：万凯新材 万凯新材上市公司投资者关系活动记录表 编号：2025-1218 | | □特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活 动类别 | □新闻发布会 √路演活动 | | | □现场参观 □电话会议 | | | □其他： （请文字说明其他活动内容） | | 参与单位名称 | | | 及人员姓名 | 交银施罗德 张明晓；汇丰晋信 叶繁；国投瑞银 贺明之 | | 2025 时间 | 年 12 月 18 日 | | 地点 上海 | | | 公司接待人员 | 投资者关系总监孟锦晶 | | | 一、关于公司主业和行业环境，公司如何看待当前瓶片行业的经营 | | | 情况，和自身抗周期能力？ | | | 答：自 2025 年 7 月，瓶片行业为内主要企业达成"反内卷"一 | | | 致行动方案：整体减产 20%。在这一供给端约束下，社会库存持续下 | | | 降，行业供需关系明显改善，带动瓶片加工费持续回暖。万凯新材一 | | 投资者关系活 | 方面积极参与并落实行业联盟的自律安排，共同推动行业秩序的修 | | 动 ...

Core Viewpoint - The company, Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd., is positioned as the third-largest producer of polyvinyl alcohol (PVA) in China, focusing on sustainable development and a circular economy in its operations [1][2]. Group 1: Company Overview - Shuangxin Environmental Protection specializes in the research, production, and sales of PVA, special fibers, vinyl acetate, and calcium carbide, establishing a comprehensive PVA industry chain [1][2]. - The company has an annual PVA production capacity of 130,000 tons and an annual calcium carbide production capacity of 870,000 tons, ranking fifth in national sales of calcium carbide [2]. Group 2: Technological Capabilities - The company has developed core technologies for the industrialization of PVA and its upstream and downstream products, including polymerization, alcoholysis, and distillation [3]. - Shuangxin has undertaken significant research projects, including a major technology research project for high-performance PVA and a national key research and development plan [3]. Group 3: Market Performance - The company operates at full capacity with high utilization rates, distributing products across 29 provinces in China and exporting to over 40 countries [4]. - Shuangxin's PVA and related products have received recognition as brand-name products in Inner Mongolia, and the company has established long-term partnerships with influential manufacturers [4]. Group 4: Growth Potential - The company is expected to increase its market share in high-end PVA applications, supported by strategic partnerships and a growing demand for PVB films and biodegradable packaging [5]. - Financial projections indicate steady revenue growth, with expected revenues of 3.72 billion yuan in 2025, reflecting a 6.66% increase from the previous year [6]. Group 5: Fundraising and Investment Plans - The company plans to raise approximately 1.865 billion yuan through its IPO, with funds allocated to projects aimed at enhancing production capacity and energy efficiency [7]. - Investment will focus on expanding PVB resin and functional film production, as well as improving R&D capabilities and operational flexibility [7]. Group 6: Future Outlook - Shuangxin aims to leverage its IPO to enhance innovation and become a leading player in the PVA industry, adhering to principles of integrity and user service [8]. - The company is set to launch its public offering on December 19, 2025, with a focus on capitalizing on opportunities in the chemical industry [8].

12月18日下午，内蒙古双欣环保（001369）材料股份有限公司（以下简称"双欣环保"，股票代码： 001369.SZ）首次公开发行股票并在主板上市网上路演在全景路演举行。 投资者交流环节，问及市场认可度，双欣环保董事长张飞雄介绍，公司产品在国内销往29 个省（自治 区、直辖市），部分产品出口欧洲、南美洲、东南亚等地的40余个国家和地区。公司的聚乙烯醇、特种 纤维、醋酸乙烯和电石产品均获评"内蒙古自治区名牌产品"，双欣牌聚乙烯醇和高强高模聚乙烯醇纤维 产品于2021年获得内蒙古自治区首份《中国出口商品品牌证明书》。公司与建滔集团、吉林化纤 （000420）、东方雨虹（002271）等聚乙烯醇及相关产品下游行业内具有较强影响力的厂家以及北元化 工、唐山三友氯碱有限责任公司等电石下游大型客户建立了长期稳定的合作关系。 天眼查信息显示，双欣环保是一家专业从事聚乙烯醇（PVA）、特种纤维、醋酸乙烯（VAC）、碳化钙 （电石）等PVA产业链上下游产品的研发、生产、销售的高新技术企业，拥有聚乙烯醇全产业链布局。 其中，PVA作为水溶性可降解高分子材料，广泛应用于精细化工、绿色建筑、可降解包装、汽车、光 电、医药等多个领域 ...