Core Insights - The China Export & Credit Insurance Corporation's Shanxi branch has provided risk protection for Shanxi's $28.9 billion foreign economic and trade activities, with support for foreign trade amounting to $24.62 billion in 2023 [1] - The company is focusing on supporting the new energy sector, particularly in solar and wind power, while also aiding the transformation of traditional energy and chemical industries [1][2] - In 2024, under the support of export credit insurance, Shanxi's exports of "new three products" (solar cells, lithium batteries, and electric vehicles) are expected to achieve a remarkable growth of 199% year-on-year [1] Industry Support and Initiatives - The company actively supports the national green low-carbon development strategy by assisting key local enterprises in participating in global supply chain restructuring [2] - Projects include investments in wind power in Bangladesh and low-carbon steel production in Malaysia, showcasing the company's commitment to sustainable development [2] - The company has been insuring multiple overseas solar and wind projects, demonstrating significant results and leading roles in Southeast Asia, Northeast Asia, the Middle East, and Africa [2] Notable Projects - The 119 MW solar power project in Singapore, constructed by China Energy Engineering Group Shanxi Institute, marks a significant achievement for Chinese enterprises in the region [3] - The Oman Manah No. 2 solar power project is notable for achieving a 90% commercial risk compensation ratio, becoming a model case for policy insurance supporting green energy initiatives [3]

《中国民航报》、中国民航网 记者许晓泓 通讯员方贤顺 报道：近日，青岛市绿色低碳高质量发展先行 区建设领导小组办公室发布典型案例名单。由青岛机场集团实施的"无人驾驶车辆运行智能管控体系建 设项目"成功入选，成为42个具有创新性、实效性与推广价值的典型案例之一。这不仅是对该项目成果 的肯定，更是对青岛机场在智慧交通与绿色机场建设中持续探索的生动诠释。 "我们希望通过无人驾驶技术的落地，让机场运行更智能、更安全，也更绿色。"青岛机场无人驾驶车辆 运行智能管控体系建设项目负责人高占华在接受采访中这样说道。该项目围绕"智能管控+精准测试+标 准输出"构建起全链条体系，不仅提升了机场运行效率与安全水平，也为全国民航机场无人驾驶技术的 推广应用提供了"青岛样板"。值得一提的是，该项目近期还获得了山东电子学会科技进步二等奖、交通 运输科技二等奖。 作为民航领域较早探索无人驾驶车辆检测的机场之一，青岛机场集结骨干力量，组建 "无人驾驶集中小 部队"，高效推动项目从蓝图走向实地。12月16日，无人驾驶牵引车缓缓驶入机场测试区，标志着行业 内首次无人驾驶车辆准入测试正式启动。"无人驾驶集中小部队"联合西井科技、中机检测先后开展了 ...

Group 1: Company Performance and Strategy - In 2025, the company achieved a revenue of 9.175 billion CNY in the first three quarters, a decrease of 27.2% year-on-year, with over 70% of revenue coming from overseas markets [3] - The company focuses on maintaining high-quality clients and differentiating its competitive strategy amid the domestic steel industry's structural adjustments [3] - The company aims to enhance its core capabilities and competitiveness to ensure stable performance despite domestic challenges [3] Group 2: Overseas Operations and Market Conditions - The primary currencies for overseas project settlements are USD, EUR, and CNY, with manageable foreign exchange risks [4] - The company actively participates in international projects, aligning with China's "Belt and Road" initiative and focusing on risk management and localized operations [5] - The resolution of the Russia-Ukraine conflict could create new project opportunities, but current geopolitical uncertainties make it difficult to predict the timing of these opportunities [6] Group 3: Future Outlook and Financial Policies - The company plans to implement a stable dividend distribution policy as part of its three-year shareholder return plan (2023-2025) to enhance transparency and encourage long-term investment [8] - The gross profit margin for engineering projects was 15% in Q3 2025, showing stability and slight improvement compared to the first half of the year [9] - The company's overseas market is primarily focused on countries along the "Belt and Road," which are experiencing steady growth in their steel industries [10]

12月26日消息，从中国国家铁路集团有限公司（下称"国铁集团"）获悉，今天随着西安至延安高铁开通 运营，中国高铁营业里程突破5万公里。 国铁集团有关部门负责同志介绍，高铁建设产业链长、辐射面广，有效带动了建筑、冶金、制造、电 力、信息、计算机、精密仪器等上下游关联产业发展，为全方位扩大内需、产业结构优化升级注入了强 劲动能，高铁装备制造业已成为我国具有全产业链国际竞争优势的战略性新兴产业。 12月26日消息，从中国国家铁路集团有限公司（下称"国铁集团"）获悉，今天随着西安至延安高铁开通 运营，中国高铁营业里程突破5万公里。 上述负责人介绍，高铁还具有绿色低碳的比较优势，高铁每人百公里能耗仅为飞机的18%和大客车的 50%左右，高铁二氧化碳排放量仅为飞机的6%、汽车的11%。据测算，"十四五"期间高铁完成客运周转 量与公路完成同样客运周转量相比，减少二氧化碳排放约1444万吨。高铁均采用电气化技术，随着高铁 营业里程的增长，中国铁路的电气化率达到75.2%，国家铁路燃油消耗量已从最高峰的2005年的583万 吨下降到2025年的211万吨。（刘丽丽） 责任编辑：刘万里 SF014 上述负责人介绍，高铁还具有绿色 ...

Core Viewpoint - Kangxin New Materials (600076.SH) is responding to national policies on green low-carbon and intelligent manufacturing by upgrading its product structure and technology to enhance competitiveness and profitability in the container flooring business [1] Group 1: Project Details - The wholly-owned subsidiary, Jiaxing Xinhua Chang Wood Industry Co., Ltd. (referred to as "Xinhua Chang Wood Industry"), plans to implement a new production line upgrade project for modern transportation equipment with an annual output of 120,000 m3 of new composite materials [1] - The total investment for this project is 50.4 million yuan, with a construction period of 9 months [1] Group 2: Strategic Alignment - This production line upgrade project aligns with the company's overall strategic development plan and complies with relevant policies and legal regulations, demonstrating clear necessity and feasibility for implementation [1] - The implementation of this project is expected to improve the company's operating performance and enhance overall competitiveness, laying a solid foundation for achieving long-term sustainable development goals [1]

Core Viewpoint - Kangxin New Materials (600076.SH) is upgrading its production line for modern transportation equipment using new composite materials, with a total investment of 50.4 million yuan and a construction period of 9 months, in response to national policies on green low-carbon and intelligent manufacturing [1] Group 1 - The project aims to optimize the product structure and enhance the competitiveness and profitability of the company's container flooring business [1] - The upgrade project aligns with the company's overall strategic development plan and complies with relevant policies and legal regulations, demonstrating clear necessity and feasibility [1] - Implementation of this project is expected to improve the company's operating performance and strengthen its overall competitive strength, laying a solid foundation for achieving long-term sustainable development goals [1]

创新，是资本市场拥抱未来、激发活力的核心引擎。科技赋能金融，正在重塑资本市场的业态与服务模 式。金融科技的运用，提升了市场效率，优化了投资体验，也催生了新的产品与服务。与此同时，资本 市场更肩负着支持科技创新、助力产业升级的重任。通过制度创新、产品创新、服务创新，资本市场正 努力为"硬科技"、"专精特新"、绿色低碳等领域的优秀企业，提供更为通畅的融资渠道和成长沃土，推 动科技、资本与实体经济的正向循环。创新，让资本市场更具敏锐性与包容度，更能适应并引领新经济 发展的需求。 "新出发"，意味着在改革与创新的双轮驱动下，资本市场已经站在了新的历史起点。这要求我们以更开 阔的视野审视未来，以更系统的思维谋划发展。"新出发"，是服务高质量发展新要求、贯彻新发展理念 的再深化；是应对国内外复杂环境、提升核心竞争力的再动员；也是回应广大投资者新期待、增强市场 获得感与信任度的再承诺。 尊敬的各位领导，各位嘉宾： 上午好！ 今天，我们共聚一堂，开启这场以"改革与创新资本市场新出发"为主题的思想盛宴。我谨代表会议主办 方，对各位领导、专家、业界同仁以及媒体朋友们的光临，表示最热烈的欢迎和最诚挚的感谢！ 当前，我国资本市场正站 ...

Core Viewpoint - Beijing's Development and Reform Commission has included Oriental Yuhong's "Modified Asphalt Membrane Roof Energy-saving Low-carbon Technology" in the "Beijing Green Low-carbon Advanced Technology Recommendation Directory (2025)", marking a significant recognition of the company's technological innovation in the green building materials sector [1][3]. Group 1: Technology Features - The technology provides an energy-saving and low-carbon solution throughout the entire lifecycle of modified asphalt waterproofing membranes, integrating high-reflective and high-radiative surface materials based on radiation cooling technology [2]. - It achieves a 15-fold increase in reflectivity compared to traditional materials, significantly reducing solar heat absorption and lowering air conditioning cooling loads, thereby decreasing operational energy consumption [2]. - The technology employs low-temperature bio-based modification and efficient recycling of waste membranes, resulting in reduced viscosity, shorter processing times, and lower energy consumption during the production of modified asphalt [2]. Group 2: Environmental and Economic Impact - The application of this technology does not compromise the original waterproofing performance of roofs; instead, it enhances long-term reliability and effectiveness, extending the lifespan of roofs and reducing resource consumption and environmental pollution from maintenance or renovation [3]. - The technology is suitable for various new and retrofitted building roof projects, offering good economic benefits and market prospects [3]. - Inclusion in the directory affirms Oriental Yuhong's commitment to technological leadership and green production, promoting the technology's integration into urban renewal and construction systems, and encouraging nationwide large-scale promotion [3].

Core Viewpoint - The meeting between Nanjing officials and China Communications Construction Group (CCCC) emphasizes collaboration to support high-quality urban development in Nanjing, focusing on various sectors including transportation, urbanization, and digital transformation [1] Group 1: Collaboration and Support - CCCC has been actively supporting Nanjing's high-quality development through key transportation projects such as bridges, tunnels, subways, and highways [1] - The collaboration will leverage both parties' strengths in technology, talent, and market to align with Nanjing's urban construction needs and industrial development directions [1] Group 2: Strategic Focus Areas - The partnership will focus on several strategic areas including comprehensive transportation, urban renewal, digital transformation, green and low-carbon initiatives, and low-altitude economy [1] - A mechanism for communication and cooperation will be established to enhance practical outcomes from the collaboration [1]

Core Insights - The State Post Bureau announced that during the "14th Five-Year Plan" period, China has achieved near-complete coverage of electronic waybills and circular transfer bags, with significant reductions in packaging materials and an ongoing improvement in the greening, reduction, and recyclability of express packaging [1] Group 1: Packaging Innovations - The standardization rate of packaging has reached 86%, with a 25% reduction in tape width and a nearly 20% reduction in material consumption due to smart packing algorithms [1] - The proportion of circular packaging used in same-city express deliveries has reached 10%, with over 800 million recycled paper boxes annually [1] Group 2: Technological Advancements - Modern information technologies such as artificial intelligence, mobile internet, cloud computing, big data, and blockchain are reshaping the operational models and processes of express delivery, enhancing green and low-carbon development [1] - The industry has installed over 4,300 high-speed security inspection machines and established more than 1,000 green distribution centers and over 12,500 green outlets [1] Group 3: Carbon Reduction Strategies - The express delivery industry is implementing carbon reduction strategies across four key nodes: collection, transfer, transportation, and delivery, through technological innovation, model optimization, and green management [1][2] - In the collection phase, carbon reduction is achieved through source reduction and green alternatives; in the transfer phase, energy structure optimization is facilitated by green intelligent facilities; in the transportation phase, a dual approach of "new energy + multimodal transport" drives carbon reduction and efficiency; and in the delivery phase, unmanned technology and intelligent algorithms promote end-point carbon reduction [2]