Group 1: ESG Disclosure and Carbon Emission Focus - The ESG information disclosure rate of A-share listed companies in the paper industry has increased from 21% to over 79% in the past decade, with a particular focus on carbon emission reduction [1][2] - Major companies have begun to calculate and disclose their Scope 1 to 3 carbon emissions data, setting clear carbon reduction targets and achieving initial results [1][2] - Companies like Sun Paper, Hengfeng Paper, and Shanying International have provided comprehensive disclosures regarding their carbon emissions, highlighting a consensus on environmental responsibility within the industry [2][3] Group 2: Industry Growth Challenges - The paper industry is facing growth challenges, with projected profit declines of 2.7% in 2024 and a 22% drop in the first quarter of 2025, despite positive growth in paper and cardboard production [1][4] - The industry is experiencing a "growing pain" period as it transitions to a green and low-carbon model, necessitating cost reduction and efficiency improvements [1][4] - The total production of paper and cardboard in China is expected to reach 290 million tons in 2024, with a year-on-year growth of 1.5%, but profit levels are declining [4] Group 3: Carbon Reduction Goals and Achievements - Companies like Kain Co. aim to peak carbon emissions by 2026 and achieve a 90% reduction by 2035 compared to 2021 levels, with a 27% reduction in greenhouse gas emissions expected in 2024 [2][3] - Shanying International plans to reduce carbon intensity by 39% for Scope 1 and 2 by 2030, with significant progress already made [3] - Qing Shan Paper reported a 32.93% decrease in total carbon emissions in 2024, indicating a trend towards effective carbon management [3] Group 4: Need for Industry Transformation - The paper industry is at a critical juncture for green and low-carbon transformation, with a call for ecological innovation to address growth bottlenecks [5][6] - The industry is expected to undergo consolidation, with companies that can integrate renewable energy systems and improve efficiency likely to survive [6] - A sustainable industrial ecosystem is essential for the industry's transition, requiring collaboration across the supply chain [6][7] Group 5: Collaborative Ecosystem Development - Building a sustainable development ecosystem that involves upstream and downstream collaboration is seen as a key path for the industry [7][8] - The demand for innovative technologies in downstream packaging and printing sectors places pressure on the paper industry to provide specialized materials [7][8] - Chain-leading enterprises are encouraged to drive innovation and resource sharing across the industry to enhance sustainability [9]

请务必阅读正文之后的免责声明及其项下所有内容 ◼ 海外ESG热点事件：全球ESG发展呈现技术创新与政策完善并进的特点，显示全球ESG发展正朝着技术深度创新、金融工具多元化和政策务实 调整的方向稳步推进。在碳中和领域，挪威启动全球首个全面CCS价值链"Longship"，整合碳捕集、船运和封存全流程，年储存能力达150万 吨；英国政府为苏格兰Acorn碳捕集项目拨款2亿英镑，预计年减排1800万吨；TerraPower获得6.5亿美元融资推进先进核反应堆建设。绿色 金融创新活跃，澳大利亚推出全球首个涵盖采矿等高排放行业的可持续金融分类法；大众银行发行15亿欧元绿色债券支持电动汽车发展； 高盛推出新兴市场绿色社会债券ETF。企业实践方面，亚马逊航空开始使用Neste提供的可持续航空燃料；SAP与Climeworks签订3.7万吨碳去 除协议；快时尚品牌Mango率先采用Circulose®再生棉纤维；Coldplay宣布全专辑改用回收塑料瓶制作的唱片。政策监管方面，欧盟简化碳 边境税规则，90%的小型企业进口获得豁免；EFRAG拟将欧洲可持续发展报告标准数据点削减50%，以降低企业合规成本。 ◼ 国内ESG热点事 ...

在 可乐丽 宣布将推出全球第一个生物基EVOH， 住友化学 宣布利用生物质材料单体生产的液晶高 分子（LCP）将于2027年上市后 ，近日，日本巨头 瑞翁株式会社（Zeon Corp.） 也宣布再加码生 物基赛道 点击扩展阅读： 可乐丽，又一个全球首个！ 住友化学、金发科技，纷纷突破！ 【DT新材料】 获 悉，近日， 日本瑞翁 宣布将进一步于Zeon化学横泽有限公司的场地上 建立一个 直接从植物材料中生产 丁二烯 和 异戊二烯 的研究工厂 （总部位于山形县横泽市） 。 这是公司根 据STAGE30集团中期业务计划，将 "推动单件制造转型，实现碳中和与循环经济" 定位为战略目 标。 丁二烯最重要的用途是合成橡胶制造， 主要用于顺丁橡胶（BR）、丁苯橡胶（SBR）、丁腈橡胶 （NBR）、苯乙烯热塑性弹性体（SBC）以及合成胶乳；化学品方面用于丙烯腈-丁二烯-苯乙烯共聚 物（ABS）和丁二烯法己二腈合成；此外，还有甲基丙烯酸甲酯-丁二烯-苯乙烯三元共聚物（MBS） 等规模较小的聚合物。 其中，顺丁橡胶是最大的下游应用场景 。 生物基橡胶替代性天然和石化橡胶是众多企业的重点发展方向， 生物基丁二烯、异戊二烯是其中重 ...

Core Insights - Global automotive companies are adjusting their strategies in response to strong growth momentum, rapid development of emerging car manufacturers, and the uncertainty of U.S. trade policies [1] - The International Energy Agency (IEA) predicts that global sales of battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) will grow by 25% by 2025, reaching 17 million units, with hybrids and BEVs accounting for one in four new cars [1] - Japanese automakers are shifting their focus towards hybrid vehicles, moving away from previous skepticism towards battery electric vehicles [1] Group 1: Toyota's Strategy - Toyota's new "collaborative system" emphasizes cooperation with cutting-edge companies and focuses on developing "software-defined vehicles" (SDVs) [2] - The company maintains a comprehensive strategy that includes fuel, hybrid, hydrogen, fuel cells, and electric vehicles, with a particular emphasis on hybrid and battery electric vehicles [2] - Toyota is expanding its hybrid technology, having released the sixth generation RAV4 and a modified Corolla, showcasing its commitment to hybrid systems [2] Group 2: Honda's Strategy - Honda's "2025 business revision" aims to enhance competitiveness through smart and electric vehicle technologies [3] - The company has reduced its planned investment in battery electric vehicles from 10 trillion yen to 7 trillion yen, a 30% decrease, and lowered its target for BEV sales from 30% to 20% of total sales by 2030 [3] - Honda plans to introduce at least 13 new models based on its third-generation hybrid system, i-MMD, after 2027 [3] Group 3: Market Dynamics - The demand for hybrid vehicles is increasing globally, while the demand for battery electric vehicles is weakening [5] - Honda predicts a 30% reduction in global BEV sales by 2030, citing a shift in environmental regulations in the U.S. and Europe [5] - Japanese automakers, including Nissan, are also focusing on hybrid vehicles to capitalize on market demand [6][7] Group 4: Supply Chain Challenges - The battery supply chain poses significant challenges for Japanese automakers, particularly due to the country's lack of mineral resources [8] - Japan's reliance on imports for key battery materials, such as lithium, creates uncertainty in production [10] - Japanese companies lag behind Chinese firms in battery production capacity, with major Chinese companies dominating the market [9] Group 5: Environmental Considerations - Hybrid vehicles contribute to carbon neutrality while reducing reliance on batteries [11] - The presence of 10 million hybrid vehicles in Japan has led to a 23% reduction in CO2 emissions from automobiles [11] - The development of hybrid vehicles is seen as a viable path towards achieving electric vehicle goals while addressing resource dependency [11]

化学原料 2025 年 06 月 22 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -24% -12% 0% 12% 24% 36% 2024-06 2024-10 2025-02 化学原料 沪深300 相关研究报告 《制冷剂行情向上趋势延续，产业逻 辑不断验证，积极把握投资机会—氟 化工行业周报》-2025.6.7 《制冷剂 4 月外贸均价持续抬升，积 极关注回调后布局机会—氟化工行业 周报》-2025.5.25 《巨化股份、三美股份市值破历史新 高，行情向上趋势不变—氟化工行业 周报》-2025.5.11 《制冷剂行业深度报告三：蓄势双 击，或迎主升》（2024.12.17） 《制冷剂政策点评：制冷剂 2025 年 配额方案征求意见稿下发，看好制冷 剂景气向上趋势延续》（2024.9.16） 《东阳光首次覆盖报告：原有主业或 迎业绩反转，制冷剂开启长景气周 期》（2024.8.27） 《制冷剂行业深度报告二：拐点已 现，行则将至》（2024.2.6） 《制冷剂行业深度报告：十年轮回， 未来已来》（2021.10.20） 《金石资源深度报告（三）：新兴产 业创造新的需求增长极，萤石供给将 现缺口 ...

据国家发改委能源研究所研究人员分析，目前国内电池制造等外向型企业面临海外碳足迹门槛，《通 知》的出台，将为企业获得绿色电力提供新路径。 近日，国家发改委、国家能源局公布《关于有序推动绿电直连发展有关事项的通知》（以下简称《通 知》），明确绿电直连的定义、边界与操作路径，为可再生能源就近消纳和用户侧用能结构转型奠定了 制度基础。 业内专家表示，绿电直连作为破解能源转型与碳关税壁垒双重挑战的制度创新，是对新能源就近就地消 纳问题的积极回应，也是在企业绿色用能需求不断提升的现实背景下，推动新能源生产与消费融合发展 的新实践。 直面难题 鼓励更精准的新能源与负荷匹配 记者注意到，《通知》首次从国家层面明确了"绿电直连"的定义内涵：风光等新能源不直接接入公共电 网，而通过专用电力线路与单一电力用户直接连接，实现电量清晰物理溯源的模式。 "这里的新能源，既可以是分布式新能源也可以是集中式新能源，直连电源为分布式光伏的，应按照 《分布式光伏发电开发建设管理办法》等政策执行。项目建成后可以自主选择离网运行模式或并网运行 模式。"电力规划设计总院能源政策与市场研究院院长凡鹏飞解释道。 据国家能源局有关负责人介绍，绿电直连项目分 ...

Core Viewpoint - The new college entrance examination policy in Henan province introduces the "college major group" system, allowing students to fill in parallel volunteer applications for their preferred colleges and majors, enhancing their chances of admission and aligning their interests with their chosen fields of study [2][3][4]. Group 1: Understanding the "College Major Group" - The "college major group" is a new system that allows students to select a college and a corresponding group of majors based on their chosen subjects, differing from the previous model where students selected a college first and then a major [2]. - Each college can set up multiple "college major groups," each containing various majors that share the same subject requirements, which aims to improve students' satisfaction with their chosen majors [2][3]. Group 2: Filling in the "College Major Group" Applications - Students should carefully analyze the subject requirements of their target colleges to ensure compatibility with their chosen subjects, as different colleges may have varying requirements for the same major [3][4]. - It is recommended that students adopt a "reach, stable, and safety" strategy when selecting their college major groups to maximize their chances of admission while minimizing the risk of being rejected [4]. Group 3: New Opportunities and Challenges - The new policy allows each student to fill in 48 college major group applications, with the ability to select 6 majors within each group, significantly increasing their options [5]. - The Ministry of Education has introduced 29 new undergraduate majors, including fields like artificial intelligence and digital governance, providing students with more contemporary and interdisciplinary choices [5][6]. Group 4: Parental Guidance and Student Autonomy - Experts emphasize the importance of students choosing majors based on their interests and abilities rather than following trends, advising parents to support their children's decisions without imposing their preferences [6]. - The decision-making process regarding college applications should primarily rest with the students, as their interests are crucial for their academic success and future career prospects [6]. Group 5: Utilizing Historical Admission Data - Historical admission data can provide insights into the competitiveness of colleges and majors, helping students make informed decisions about their applications [8]. - Students are advised to analyze past admission trends to gauge the potential admission cut-off lines for their chosen college major groups, ensuring they select options that align with their scores [8]. Group 6: Practical Steps for Application Preparation - Students should familiarize themselves with the new examination policies and the specific admission guidelines of their target colleges to ensure a well-informed application process [9][10]. - A structured approach to selecting colleges and majors, including understanding the relationship between majors and career paths, is essential for making effective choices [10][11].

随着中国经济的转型升级和产业结构的不断优化，行业间的薪资水平差异日益明显。了解2025年高薪行业的分布薪资水平及发展趋势，对于求职者在职人 员以及企业人力资源规划都具有重要的参考价值。本文通过收集和分析国家统计局官方数据权威招聘机构发布的行业薪资报告以及行业研究机构的专业分 析，呈现2025年中国十大高薪行业的整体情况。 生物医药与基因工程行业以平均年薪25-100万元位居前列。随着人口老龄化加剧和生物医药技术的突破性进展，该行业正迎来快速发展期。特别是创新药研 发基因治疗细胞治疗等领域的人才需求旺盛，薪资水平持续攀升。根据美世的薪酬调研，预计2025年生命科学行业的薪资涨幅（不包含冻薪）平均将达到 4.8%，略高于其他行业。 4. 电子信息工程（芯片方向） 2. 金融科技（FinTech）行业 金融科技行业以平均月薪13,169元位居第二，薪资中位数为10,001元/月。随着金融与科技的深度融合，量化交易区块链等技术在金融领域的应用日益广泛， 金融科技人才的薪资水平持续走高。应届生年薪30-60万，奖金看市场表现，资深专业人士的薪资更是可观。 3. 生物医药与基因工程行业 1. 人工智能行业 人工智能行业以 ...

工业和信息化部党组6月19日开展理论学习中心组学习。会议强调，要深刻认识制造业在推动经济绿色 发展和保障能源安全中的关键性、基础性作用，不断推进产业科技创新，持续提升新能源装备发展水 平，增强高质量技术供给能力，筑牢能源安全基石。要立足实现碳达峰 碳中和目标，加快推动 绿色低 碳发展，大力推动传统产业绿色转型，进一步提升资源循环利用水平，巩固绿色低碳产业竞争优势。要 加快培育新兴产业绿色动能，坚持把绿色低碳作为新兴产业前瞻布局的重点方向，聚焦清洁低碳氢、新 型储能、绿色智算等重点行业，强化前沿技术创新与标志性产品开发，加快解决方案研制与典型应用场 景拓展。 ...

Core Viewpoint - Yili Group is leading the dairy industry towards a "zero-carbon future" by implementing comprehensive carbon reduction and water conservation strategies across its entire supply chain, aiming to enhance global competitiveness in the dairy sector [1][2][17]. Summary by Sections Investment in Environmental Protection - In the past year, Yili's total investment in environmental protection reached 205 million yuan, resulting in the establishment of five zero-carbon factories and the launch of six zero-carbon products by the end of 2024 [1]. Collaborative Efforts in Carbon Reduction - Yili's Vice President Xu Ke emphasized the importance of collaborative carbon reduction efforts across the dairy supply chain, stating that 2025 will be a pivotal year for ESG in China's supply chains [2]. Green Transformation Standards - Yili has been a pioneer in promoting "green leadership" since 2007 and aims for carbon neutrality across its entire supply chain by 2050. The company has initiated various programs, including the "Low Carbon Month" and the establishment of the "Zero Carbon Alliance" [3][6]. Standardization for Industry Transformation - Yili has participated in the development of one international standard and eleven national standards to provide a unified framework for ESG management, covering the entire dairy supply chain [5][6]. Blockchain Technology for Carbon Management - Yili has developed China's first comprehensive carbon management platform utilizing blockchain technology to ensure data traceability and enhance the credibility of carbon accounting [9][10]. Supplier Engagement and Training - Yili has engaged 154 core enterprises in its "Zero Carbon Alliance," with 90% of members completing low-carbon transformations. The company provides training and support to suppliers for carbon management and reduction projects [10][11]. Water Footprint Initiatives - Yili's "Low Water Footprint Initiative" aims to improve water efficiency across all departments by 2030, with significant achievements in water conservation projects and certifications for water footprint [12]. Talent Development for Green Transition - Yili emphasizes the importance of talent in achieving its zero-carbon vision, conducting training programs for employees and suppliers to enhance their understanding of low-carbon production and environmental protection [13][14]. Future Vision and Collaboration - Yili aims to integrate commercial and social values, encouraging more enterprises to join its ecosystem for sustainable development, while maintaining a focus on embedding "green genes" into its operations [17].