Group 1 - The core viewpoint of the news is that Fangda Carbon (600516) has initiated a strategic cooperation with Beijing University of Science and Technology to develop a groundbreaking green metallurgy technology focused on electric arc furnace direct reduction iron (DRI) [1] - This collaboration aims to tackle key technologies for efficient melting of solid DRI, validating critical indicators such as energy consumption, energy utilization efficiency, metal recovery rate, carbon emissions, and iron quality [1] - The breakthrough in this technology route is expected to address common bottlenecks in the low-carbon transition of the steel industry, with significant market application potential [1] Group 2 - Fangda Carbon's core products demonstrate unique competitive advantages in this advanced process, particularly its self-developed ultra-high power graphite electrodes, which enhance melting efficiency and reduce system energy consumption [2] - The company has established a complete industrial chain with an annual production capacity of 260,000 tons, exporting its leading products to over 60 countries and regions [2] - The collaboration with academic institutions like Tsinghua University and Beijing University of Science and Technology has led to breaking several foreign monopolies in key technology areas, securing over 50 provincial and ministerial-level scientific achievements [2] Group 3 - Industry estimates suggest that the electric arc furnace DRI technology route could reduce carbon dioxide emissions by approximately 75% compared to traditional steelmaking processes [3] - The partnership not only expands the application boundaries of Fangda Carbon's core products but also empowers the steel industry in its decarbonization efforts, creating new growth opportunities for the company [3] - The chairman of Fangda Carbon emphasized the commitment to deepen collaborative innovation and provide high-quality products and services to support the steel industry's transition to low carbon [3]

Core Viewpoint - During the "14th Five-Year Plan" period, Hunan Anchun High-tech Co., Ltd. is accelerating its transformation towards green and intelligent development in the chemical industry, driven by technological innovation and comprehensive service, establishing itself as a leader in high-quality development solutions for green chemicals [1][5][22]. Group 1: Company Overview - Hunan Anchun is a national high-tech enterprise and a "little giant" recognized for its specialization and innovation, focusing on the ammonia and methanol sectors while expanding into coal chemical, coking, power, metallurgy, and new energy industries [1][2]. - The company has built a complete industrial ecosystem integrating R&D, design, manufacturing, and service, establishing key research platforms in Hunan Province [2]. Group 2: Technological Innovation - Hunan Anchun emphasizes technological innovation as its core engine, achieving breakthroughs in green ammonia and green methanol technologies, with several results reaching international leading levels [6][10]. - The company has maintained an average annual R&D investment intensity of over 5%, resulting in the development of 11 new invention patents and 8 utility model patents during the "14th Five-Year Plan" [9]. Group 3: Engineering Services - The company has extended its engineering design and service chain, completing 36 project designs and 40 technical plans during the "14th Five-Year Plan" period, with a focus on digital transformation [12][13]. - Hunan Anchun has successfully undertaken multiple large-scale EPC projects, achieving a 100% project startup rate and an average product quality cost reduction of 50% [14]. Group 4: International Expansion - Hunan Anchun is actively responding to the "Belt and Road" initiative, enhancing its international brand image by engaging in technical and business exchanges with over 10 international clients [20][21]. - The company has established strategic cooperation with a well-known European technology licensor, expanding its international market channels and enhancing its global operational capabilities [21]. Group 5: Future Outlook - Looking ahead to the "15th Five-Year Plan," Hunan Anchun aims to become a global leader in ammonia and methanol technology, continuing to deepen innovation and expand its business boundaries while providing efficient and reliable solutions for global green chemical industries [22].

"十四五"规划收官之年，人民网财经推出"承前启后看发展·数读2025经济答卷"系列图解，透过民间投资、科技创新、交通物流外贸等核心数据，感受中 国经济发展的强劲脉动。 本期聚焦绿色发展，一年来，逐"绿"前行的中国，绿色低碳转型步伐稳健、成效显著，为高质量发展注入源源不断的动能。 首次超过90% 10人民用 数读 >中国 厚程增绿降碳 学习市 "十四五"期间 森林覆盖率超过25% 为全球贡献约四分之一新增绿化面积 坚定履行"双碳"承诺 单位GDP能源消耗四年累计降低11.6% 相当于减少了11亿吨二氧化碳排放量 深耕能源转型"主路径" 1至10月 我国可再生能源新增装机3.32亿千瓦 风电光伏发电量1.89万亿千瓦时 占全国发电量23.5% 四五"时期 全社会用电量中 每3千瓦时电就有1千瓦时绿电 al 于级"快车 1至11月 新能源汽车产销 分别完成1490.7万辆和1478万辆 同比分别增长31.4%和31.2% 目前 国家层面已经累计培育6430家绿色了 激活协同共治"强动力" il 截至三季度末 绿色贷款余额43.51万亿元 同比增长22.9% 绿色债券累计发行4.95万亿元 规模位居全球前列 《绿色金 ...

Report Summary 1. Report Industry Investment Rating No information provided on industry investment rating. 2. Report Core Views - The steel market continues to oscillate. With low supply and demand, there is some support at low prices. After January, market funds may be more abundant, and the hot-rolled coil futures-spot positive arbitrage can still be rolled [2]. - For ferrosilicon and silicomanganese, strong expectations persist, and the prices are on the stronger side. However, the fundamentals are under pressure, and there is a high risk of a subsequent decline [3]. - For coking coal and coke, the spot price cut news did not lead to a continuous decline in the futures market. The market is likely to continue wide - range oscillations [5]. - For iron ore, small - scale rumors drive short - term fluctuations. The price has limited upside and downside space, and it is recommended to stay on the sidelines [6]. 3. Summary by Related Catalogs Futures Market - **Futures Prices**: On December 30, the closing prices of RB2610, HC2610, 12609, J2609, JM2609 were 3177.00, 3302.00, 767.00, 1795.50, 1200.00 yuan/ton respectively, with corresponding changes of - 2.00, - 10.00, - 3.50, 10.50, 12.00 yuan and - 0.06%, - 0.30%, - 0.45%, 0.59%, 1.01% [1]. - **Cross - month Spreads**: On December 30, the cross - month spreads of RB2605 - 2610, HC2605 - 2610, 12605 - 2609, J2605 - 2609, JM2605 - 2609 were - 43.00, - 20.00, 22.00, - 80.50, - 80.50 yuan/ton respectively [1]. - **Price Differences/Ratios/Profits**: On December 30, the coil - to - screw spread was 148.00 yuan/ton, the screw - to - ore ratio was 3.97, the coal - to - coke ratio was 1.53, the screw surface profit was - 83.10 yuan/ton, and the coking surface profit was 226.07 yuan/ton [1]. Steel Market - **Market Situation**: On Tuesday, the futures prices were stable, and the spot prices fluctuated slightly. The supply - demand structure was weak in both supply and demand. The pressure of destocking plates was prominent. After January, the molten iron output may stop falling and stabilize, and there will be some restocking behavior [2]. - **Investment Strategy**: Unilateral trading can be based on an oscillatory approach. After January, it is beneficial for futures - spot positions to enter the market, and the hot - rolled coil futures - spot positive arbitrage can still be rolled [2]. Ferrosilicon and Silicomanganese Market - **Supply - Demand Situation**: The direct demand has weakened significantly, and the weekly apparent demand has dropped to the lowest point of the year. The supply is still high, and the medium - term supply surplus pressure remains. The supply pressure of ferrosilicon is relatively lighter than that of silicomanganese [3]. - **Cost and Policy Factors**: The cost support of silicomanganese has strengthened, and relevant policies have formed constraints and cost support expectations for the supply of ferrosilicon and silicomanganese [3]. - **Investment Strategy**: Participate in cross - month reverse arbitrage [6]. Coking Coal and Coke Market - **Market Situation**: The fourth round of spot price cuts for coke is expected to start. The futures market rebounded after the price dropped to the position of the fourth - round price cut. The market is likely to continue wide - range oscillations [5]. - **Investment Strategy**: Stay on the sidelines for the time being [6]. Iron Ore Market - **Market Situation**: Affected by rumors, the iron ore price has risen, but the upside space is limited. The port inventory will continue to rise, and the steel apparent demand has declined slightly. The iron ore price has limited upside and downside space [6]. - **Investment Strategy**: Stay on the sidelines [6].

该项目由上海华谊集团所属上海华谊能化公司负责建设运营。上海华谊能化公司党委书记、董事长郑必 军表示，将全力以赴保障绿色甲醇装置稳定高效运行，持续助力上海国际航运中心建设，为实现国 家"双碳"目标贡献力量。 该项目由上海华谊集团、申能集团、上海城投、上港集团联手打造，于今年1月开工。项目创新性地将 城市废弃物转化为国际航运领域急需的绿色甲醇燃料，真正实现"变废为宝"。项目投产后将为上海港提 供重要的绿色燃料保障。 上海市发展和改革委员会四级调研员关雪飞指出，要合理运营好绿色甲醇装置，打造航运燃料绿色转型 的样本工程；要整合好上下游产业资源，夯实绿电—燃料产业链关键节点；要建设绿色燃料认证服务的 交流平台，打造国际可持续发展和碳认证集聚新高地。 中化新网讯 12月29日，上海首套10万吨/年绿色甲醇项目投产仪式在上海华谊工业气体有限公司举行。 图为10万吨/年绿色甲醇项目现场。 (企业供图) ...

Core Viewpoint - The insurance industry is playing a crucial role in promoting the green transformation of the economy and society under the "dual carbon" strategy, with listed insurance companies leading the way in green upgrades across products, services, investments, and operations [2]. Group 1: Green Insurance Development - Listed insurance companies in China have made significant progress in the field of green insurance, with the five major A-share insurers providing a total of 496.24 trillion yuan in green insurance coverage across key areas such as clean energy and carbon sink protection [3]. - China Ping An reported a total premium income of 629.3 billion yuan from sustainable insurance by the end of 2024, with green insurance premiums reaching 58.6 billion yuan, marking a nearly 57% year-on-year increase [3]. - China Pacific Insurance has also been active in climate change response and environmental pollution management, offering approximately 147 trillion yuan in green insurance coverage and developing over 30 innovative insurance products [3][4]. Group 2: Green Investment Initiatives - The five major listed insurers have collectively surpassed 1 trillion yuan in green investment, focusing on sectors such as energy conservation, clean energy, and ecological environment upgrades [4]. - China Life has invested nearly 535 billion yuan in green projects, including over 300 billion yuan in green bonds, and has initiated ESG-focused financial asset management plans exceeding 2 billion yuan [5]. - The insurance sector is utilizing a dual approach of "insurance + investment" to effectively manage environmental and social risks while directing resources towards green industries, thereby supporting the low-carbon transition of the economy [5].

政策与市场共振的节点，往往孕育着最具爆发力的产业机遇。 在《国家级零碳园区建设名单(第一批)》发布仅三天后，中国技术集团(01725)迅速锚定战略要地，于12 月29日与梅州高新区(广梅产业园)签署战略合作备忘录，宣布建设零碳航天工业与储能制造中心。 这不仅是企业战略布局的精准卡位，更是资本市场对"双碳"政策红利的一次深度价值挖掘。 此举不仅是一次精准的产业卡位，更是在国家能源革命顶层设计明朗化之际，一家拥有独特技术基因的 上市公司，向资本市场清晰勾勒其从航天科技（000901）向地面新能源系统迁移、从项目运营向标准制 定跃升的宏大蓝图。 此次合作中，中国技术集团承租约2万平方米高标准厂房，享受四年免租期及国家、省、市、园区四级 政策红利：涵盖国家级双15%优惠、省市固定资产投资合计25%奖励、外商投资4%叠加奖励，以及每年 最高500万元运费补贴。 依托"广州研发+梅州生产"的产业共建模式，加之"世界客都"的区位优势，这里成为集团从香港迁址广 州后，深耕内地市场的核心支点。恰逢国家允许"园中园"模式先行先试的政策窗口，双方将围绕卫星结 构制造、清洁能源储能、智慧能源管理等领域深度协同，打造可复制推广的零碳示 ...

政策与市场共振的节点，往往孕育着最具爆发力的产业机遇。 智通财经APP获悉，在《国家级零碳园区建设名单(第一批)》发布仅三天后，中国技术集团(01725)迅速锚定战略要地，于12月29日与梅州高新区(广梅产业 园)签署战略合作备忘录，宣布建设零碳航天工业与储能制造中心。 核心竞争力源于航天技术向储能领域的跨界迁移。卫星在±150℃极端空间环境中沉淀的热控技术、冗余设计与健康监测系统，与电网级储能的安全诉求高度 契合。 中国技术集团将这些航天级技术重构应用于储能场景，大幅提升储能系统运行可靠性，形成差异化竞争优势。 在全球储能市场规模预计超2000亿元、中国新型储能装机将突破100吉瓦的行业风口下，这种技术赋能让企业成功从单一卫星产业，转型为航天、储能、精 密智造三位一体的综合产业集团。 政策红利的释放已在资本市场初显反响，公司股价近期呈现稳健回升态势，11月以来从0.70港元区间逐步回升至0.82港元左右，反映出投资者对其战略转型 的信心。 这不仅是企业战略布局的精准卡位，更是资本市场对"双碳"政策红利的一次深度价值挖掘。 此举不仅是一次精准的产业卡位，更是在国家能源革命顶层设计明朗化之际，一家拥有独特技术基 ...

记者12月29日从国网天津电力获悉，新年即将到来之际，津城迎来一份特殊的"新年礼物"——来自甘肃 的24.8亿千瓦时绿电通过刚刚签约的4年期交易协议，为2026年的天津能源市场注入第一缕绿色动能。 据测算，这批绿电将在未来4年内帮助天津减少二氧化碳排放超百万吨。 有产品出口需求的渤化集团是该笔绿电购电的大客户之一。天津渤化碳资产管理有限公司副总经理程晖 表示，如今，绿电已成为外向型企业提升国际竞争力的必备选项。作为绿色石化产业链"链主"企业，渤 化集团需为天津保税区及经开区的国家级零碳园区建设发挥作用，绿电采购成为企业应对碳市场约束和 客户碳足迹要求的刚性需求。他介绍，今年，该集团全年交易电量达44.5亿千瓦时，目前通过中长期交 易采购绿电24.34亿千瓦时，甘肃地区绿电采购量达21.3亿千瓦时。 预计2026年，天津绿电交易规模将突破200亿千瓦时，为更多企业低碳转型注入新动力。随着更多跨省 绿电交易陆续落地，天津正通过市场化机制创新与电网基础设施升级的双轮驱动，为区域"双碳"目标实 现提供有力支撑。 为确保西北清洁能源顺利抵达渤海之滨，电网基础设施建设正全速推进。大同—天津南特高压工程作为 绿电输送的"主 ...

记者从国网宁夏电力有限公司获悉，国网首套"超高比例新能源电网宽频振荡预测、监视及抑制装置"近 日在宁夏吴忠市落地投运。这意味着吴忠地区将保障"塞上绿电"稳定送出，也为未来更高比例新能源接 入扫清一大技术障碍。 当前，新能源大规模并网与电力电子设备广泛应用，让电网高频振荡、谐波干扰等电能质量问题愈发突 出，传统监测手段就像老式"望远镜"，难以实现宽频段的精准捕捉与快速抑制。而新投运的装置通过超 高精度传感器与智能算法，可实时监测0.1赫兹至2000赫兹全频段振荡信号，就像给电网装上了"超清显 微镜"。 "我们通过'三道防线'破解宽频振荡难题。"在国网吴忠供电公司盛家墩110千伏变电站工作现场，相关 负责人指着满屏闪烁的运行数据大屏介绍道，"先是开展系统风险评估，明确安全运行边界，据此监控 调整电网运行方式。等振荡发生后，装置会主动启动，以提高系统阻尼。若振荡发散失稳或持续大幅振 荡，则立即采取紧急保护措施，防止新能源机组脱网与设备损坏。" 此次装置并网应用是国网吴忠供电公司响应国家"双碳"目标下电网转型的重要实践，既填补了国内新能 源宽频振荡实时监测抑制领域的空白，也为行业提供了可复用的技术范式。工作人员调出一 ...