发改委主任郑栅洁：“十五五”时期将力争建成100个左右的国家级零碳园区。根据测算，目前中国绿色低碳产业规模大概在11万亿元左右，未来五年还有翻一番乃至更大的增长空间。加快西北风电光伏、西南水电、海上风电、沿海核电等清洁能源基地建设。推动煤电由基础保障性电源转为支撑调节性电源。外汇交易员 (@myfxtrader):发改委主任郑栅洁：要加强基础设施统筹规划，适度超前建设新型基础设施。要规范政府行为，防范不当的干预。在市场失灵的领域及时出手，坚决遏制低价恶性竞争、企业账款严重拖欠等行为。 ...

Core Viewpoint - The article highlights the significant progress made by Sichuan in addressing ecological and environmental issues over the past decade, with a total of 44,755 prominent environmental problems rectified, reflecting a systematic approach to ecological governance and responsiveness to public concerns about environmental quality [1][2]. Group 1: Environmental Rectification Achievements - Sichuan has completed 221 out of 224 tasks from two rounds of central environmental inspections, achieving a completion rate of 98.66% [2]. - The province has handled 19,267 public complaints regarding environmental issues, with a resolution rate of 99.97% [2]. - The third round of central environmental inspections has led to significant rectification efforts, particularly in addressing solid waste issues in cities like Ya'an and Deyang [3][4]. Group 2: Mechanisms and Strategies - Sichuan has implemented a comprehensive dynamic verification system to ensure thorough rectification of environmental issues, focusing on both restoration and regulatory oversight [3]. - The province has established a joint prevention and control mechanism with neighboring cities to combat cross-regional solid waste dumping [4]. - A full-process mechanism for waste management has been developed in Deyang, transitioning from reactive to proactive governance [4]. Group 3: Industrial Upgrades and Economic Growth - The province is integrating environmental rectification with industrial green upgrades, optimizing industrial structures and transportation systems to foster new economic growth [6]. - As of August this year, Sichuan has reduced over 670 outdated brick and tile production lines and eliminated more than 780 enterprises with outdated equipment since the start of the 14th Five-Year Plan [6]. - The province has seen a 7.3% year-on-year increase in industrial added value, with green and low-carbon industries contributing over 30% [6]. Group 4: Transportation and Logistics Improvements - There has been a notable increase in freight volumes for rail and water transport, with year-on-year growth rates of 3.2% and 21.7%, respectively [7]. - The ratio of social logistics costs to GDP has decreased to 14.1%, indicating improved efficiency in the logistics sector [7]. - Sichuan plans to pilot zero-carbon industrial parks and transport routes, promoting the use of new energy heavy trucks to enhance green and efficient freight development [7].

Core Viewpoint - The recent export controls on lithium batteries and related manufacturing equipment by the Ministry of Commerce and the General Administration of Customs reflect China's commitment to managing high-end technology and key equipment while ensuring the stability of global supply chains [1][2]. Industry Development Perspective - The export controls target the core segments of China's lithium battery industry, including high energy density batteries and related production equipment, where Chinese companies like CATL, BYD, and Zhongxin Innovation have established technological advantages [2]. - The management of weight energy density, materials, and process equipment through export controls aims to protect core technologies from outflow and encourages companies to enhance independent innovation and collaborative development across the entire supply chain [2]. - This policy shift promotes a transition from scale expansion to technology-driven growth, enhancing international bargaining power and supply chain leadership in the context of accelerating global competition in the new energy sector [2]. International Perspective - China's export controls align with the responsible behavior of a major power, as controlling dual-use and high-tech products is a common global practice aimed at preventing potential risks and maintaining regional and global peace [2]. - The precise management of technology indicators and categories avoids a one-size-fits-all approach while ensuring that compliant trade continues, reflecting China's institutional confidence and responsibility in global supply chain governance [2]. Innovation and Upgrading - The export controls are expected to drive innovation and upgrading within the industry, as companies enhance their core technology levels and market competitiveness through a comprehensive "R&D—pilot testing—mass production—application" system [3]. - The policy will create a safety barrier for the high-end lithium battery industry, providing momentum for technological innovation and industrial upgrading [3]. - The organic combination of policy guidance, technological innovation, and market-driven forces positions China's lithium battery industry for high-quality development, contributing to global energy transition and green development [3].

Investment Rating - The industry investment rating is "Positive (Maintain)" [5] Core Viewpoints - The report emphasizes that despite the postponement of the IMO net-zero framework vote, the trend towards green and low-carbon industries remains unchanged. The opposition mainly comes from the US and oil-producing countries in the Middle East, while the EU and China are aligned in their support for the framework. This indicates that even if the framework is not fully implemented globally, significant markets like the EU and China will still see good development opportunities [7] - The report highlights the potential for a recovery in the petrochemical and chemical industries driven by "anti-involution" policies, with key stocks including Sinopec, Hengli Petrochemical, and Wanhua Chemical being recommended for investment [3] Summary by Sections Investment Suggestions and Targets - The report recommends investing in Wankai New Materials (301216) for its leading position in the green polyester industry. It also suggests buying stocks in pesticide formulation companies like Runfeng Co. (301035), Guoguang Co. (002749), and Hailier (603639), which are less affected by trade disputes. Additionally, it identifies several petrochemical companies, including Sinopec (600028), Hengli Petrochemical (600346), and Rongsheng Petrochemical (002493), as potential beneficiaries of the expected industry recovery [3] Industry Development Trends - The report discusses the impact of the IMO meeting on green methanol expectations, noting that while there are concerns about market development certainty, the overall growth of the green low-carbon industry is expected to continue. The report points out that the development of green aviation fuel (SAF) and recycled plastics will not be affected by the IMO vote delay, as these areas are driven by global decarbonization policies and environmental concerns [7]

Group 1 - The industrial sector is a backbone of the national economy, with China's industrial added value surpassing 40.5 trillion yuan, achieving an average annual growth of 5.4% over the past five years [1] - In the first half of 2025, industrial added value grew by 6.2%, contributing 36.3% to the GDP, indicating a strong economic performance [1] - Innovation has been a primary driver, with R&D expenditure in large-scale manufacturing enterprises exceeding 1.6% of operating income, and over 570 industrial companies ranking among the global top 2500 in R&D investment [1] Group 2 - The "Cangyuan" super-large diameter shield machine has set new records in major construction projects, reflecting breakthroughs in China's equipment manufacturing and high-tech manufacturing sectors, which saw average annual growth rates of 7.9% and 8.7% from 2020 to 2024 [2] - In Jiangxi's Xinyu, the lithium salt processing base has seen a surge in orders, with a notable 72% year-on-year increase in lithium battery production in August, driven by favorable national policies [2] - The rapid development of green low-carbon industries such as new energy vehicles, lithium batteries, and photovoltaic equipment has contributed significantly to global green transformation [2] Group 3 - The integration of the real economy and digital economy has accelerated during the 14th Five-Year Plan, with the establishment of the world's largest and most extensive network infrastructure, including 4.598 million 5G base stations [3] - The industrial and information technology sectors have laid a solid foundation for future growth, with a focus on enhancing the resilience of industrial economic growth through systematic and forward-looking measures [3]

Core Insights - The 2025 Suqian Green Industry Fair has commenced, marking its 15th anniversary, and aims to deepen cooperation and exchange among over 200 business representatives [1][3][5] - Suqian's economic ranking has improved to 67th nationally, with a target to surpass 500 billion yuan this year [3] - The city is focused on creating a vibrant reform and innovation zone, enhancing the business environment, and developing green low-carbon industry clusters [3][5] Group 1 - The "Green Fair" has become a significant platform for Suqian's external cooperation and cultural exchange [3] - Suqian's Mayor emphasized the city's commitment to understanding and meeting business needs, highlighting the supportive policies and rapid approval processes for enterprises [5] - The fair featured nine project signings, providing new opportunities for both universities and businesses, thereby invigorating Suqian's development [5]

Core Viewpoint - Greenway Technology (301322.SZ) has signed a strategic cooperation framework agreement with Wuhan Power Battery Recycling Technology Co., Ltd., a subsidiary of GEM Co., Ltd., to establish a comprehensive strategic partnership in the fields of new energy vehicles and battery recycling, aiming to promote the development of the green low-carbon industry and achieve synergy between economic and environmental benefits [1] Summary by Categories Cooperation Details - The cooperation will include lithium battery systems and vehicle procurement, operational asset holding cooperation, joint market development, and recycling collaboration [1] Expected Impact - The signing of this framework agreement is expected to have a positive impact on the company's future operational development, although specific cooperation details and outcomes remain uncertain [1]

Group 1 - GEM has signed a Memorandum of Understanding (MOU) with ASCEND ELEMENTS to explore collaboration in the European battery recycling and materials market [1][3] - The MOU aims to leverage both companies' strengths in geography, resources, capital, technology, and operational management to establish a leading lithium battery recycling industry system in Europe [3][7] - The collaboration will include the construction of a battery recycling system, disassembly and black powder manufacturing system, and resource recovery and remanufacturing of lithium, nickel, and cobalt materials [3][8] Group 2 - ASCEND ELEMENTS, established in March 2017, specializes in lithium-ion battery recycling and has a strong market position in Europe and the U.S. [5][6] - The MOU outlines specific goals, including exploring capital and equity cooperation, developing battery recycling facilities in Europe, and sharing best practices in production and operations [8][9] - The agreement does not require board or shareholder approval and does not constitute a related party transaction or a major asset restructuring [3][17] Group 3 - The partnership is expected to enhance GEM's competitive position in the global lithium battery recycling market, aligning with its strategy for global expansion [17][18] - The MOU is not expected to have a significant impact on GEM's financial status or operational results for the current year, but it is anticipated to positively influence future business development [3][18] - The collaboration aligns with the global trend towards sustainable energy and the circular economy, supporting the implementation of global battery passports and green development [3][17]

Core Viewpoint - The rapid development of the new energy vehicle industry has led to an increasing demand for power batteries, highlighting the importance of green recycling and processing of retired vehicles and batteries [2] Group 1: Strategic Cooperation - The company, through its subsidiary Wuhan Power Battery Recycling Technology Co., Ltd., has signed a strategic cooperation framework agreement with Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. to establish a comprehensive partnership in the field of new energy vehicle and power battery recycling [2] - The collaboration aims to create a closed-loop industrial chain encompassing the entire lifecycle value chain of new energy vehicles and power batteries, including recycling, maintenance, material regeneration, and battery remanufacturing [2] Group 2: Industry Impact - The partnership is expected to promote the development of a green low-carbon industry, enhance global market competitiveness, and achieve a synergy between economic and environmental benefits [2]

Core Viewpoint - The rapid development of the new energy vehicle (NEV) industry is driving an increase in demand for power batteries, leading to heightened attention on the green recycling and processing of retired NEVs and their batteries [1] Group 1: Strategic Partnership - Greeenmei Co., Ltd. has signed a strategic cooperation framework agreement with Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. to establish a comprehensive strategic partnership in the field of recycling and utilization of new energy vehicles and power batteries [1] - The partnership aims to create a closed-loop industrial chain that includes the recycling of new energy vehicles, power batteries, raw material regeneration, and battery material regeneration, thereby promoting the development of a green low-carbon industry [1] Group 2: Lifecycle Value Chain - The collaboration will focus on building a full lifecycle value chain system for the recycling and utilization of new energy vehicles and power batteries, including after-market maintenance and material recycling [1] - The goal is to enhance global market competitiveness while achieving both economic and environmental benefits [1]