Core Viewpoint - Jiangsu Yueda Investment Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven primarily by advancements in solar and energy storage projects [1][2]. Financial Performance - The company achieved an operating income of 1.358 billion yuan and a net profit attributable to shareholders of 14.0247 million yuan, marking a year-on-year increase of 27.62% [1]. Solar Projects - Yueda Investment has made substantial progress in its solar projects, particularly the 150MW and 70MW fish-solar complementary projects in Xiangshui, Yancheng, with the main engineering of the 150MW project completed and successfully connected to the grid in August 2025 [2]. - The Huafeng 378MW fish-solar complementary project, launched at the end of 2024, has generated revenue of 63.06 million yuan and a net profit of 17.23 million yuan from January to June 2025, achieving an annualized capital return rate exceeding 10% [2]. - This project is expected to produce an average annual power generation of 400 million kWh, contributing to both stable electricity sales and significant environmental benefits, including a reduction of 36,650 tons of CO2 emissions and saving 133,400 tons of standard coal annually [2]. Distributed Solar Projects - The company has initiated new distributed solar projects, including the Yueda Smart Center (0.1MW) and the Dianfen project (0.94MW), aiming for operational status by the end of 2025 [3]. - These projects are expected to enhance overall profitability and support the achievement of annual operational goals [3]. Energy Storage Developments - Yueda Investment has rapidly established a 100MW/200MWh shared energy storage power station in Dongtai, which was completed in just 81 days and began operations on June 24, 2025, setting a record in the domestic sector [3]. - The project is projected to generate an average annual revenue of 32 million yuan over its 25-year operational period [3]. - As of June 2025, the company has accumulated a new energy storage capacity of 260MW/520MWh, positioning itself as a key player in the regional energy storage network [3]. Future Initiatives - The company is actively pursuing the development of commercial microgrid projects and has signed strategic cooperation agreements for the construction of a national-level zero-carbon park in collaboration with the Yancheng Economic Development Zone [3].

Core Viewpoint - The 10th Western Energy Storage Forum will be held on August 19-20, 2025, in Hohhot, Inner Mongolia, focusing on the integration of new energy and energy storage in China's western region, contributing to the national dual carbon strategy and the construction of a new power system [2][30]. Event Overview - The forum aims to create an innovative communication platform involving government, industry, academia, research, and application to explore new ideas for the development of new energy and energy storage in western China [2]. - The full agenda for the forum has been officially released, detailing various sessions and discussions [2]. Main Reports and Sessions - Keynote speeches will cover topics such as the new energy revolution and new energy storage technologies, the current status and trends of the new energy storage industry, and innovative practices in energy storage technology by major companies [10][11][12]. - The forum will feature multiple sub-forums focusing on new energy storage and electricity markets, innovative value creation in energy storage, and the exploration of unique energy storage markets in the western region [13][14][16]. Special Topics and Discussions - Discussions will include the integration of energy storage with renewable energy sources, innovative business models for zero-carbon parks, and the application of new energy storage technologies in data centers [19][22]. - A roundtable discussion will address the collaboration between large-scale energy storage and green hydrogen production, emphasizing the importance of stable green electricity supply [19]. Supporting Organizations - The forum is organized by several key institutions, including the China Energy Research Society, the Zhongguancun Energy Storage Industry Technology Alliance, and the Inner Mongolia Energy Storage Industry Promotion Association [24][30].

Core Viewpoint - The event held in Shaoguan, Guangdong, on the occasion of the National Ecological Day aims to promote the concept of "Lucid waters and lush mountains are invaluable assets" and accelerate the transition to a green and low-carbon lifestyle and production method [1][4]. Group 1: Event Overview - The event was organized by multiple governmental bodies in Guangdong, showcasing a collaborative effort in ecological civilization construction [1]. - Representatives from various sectors, including government, academia, and industry, participated in the event, highlighting the importance of collective action in ecological initiatives [1]. Group 2: Key Messages from Officials - Guangdong's commitment to ecological civilization is emphasized, with a focus on achieving significant green development outcomes [4]. - Shaoguan's high forest coverage rate of 74.5% is noted as a vital ecological asset, contributing to the region's economic transformation [4]. Group 3: Experience Sharing and Discussions - Representatives shared experiences on green low-carbon development and waste recycling in construction, providing replicable models for ecological progress [5]. - A roundtable discussion focused on the challenges and innovations in building zero-carbon parks, offering new ideas for future developments in this area [5]. Group 4: Call to Action - A collective initiative was launched, urging all sectors of society to adopt green and low-carbon lifestyles, reflecting a strong community response [7]. - The event marked a significant step forward for Guangdong in its ecological civilization journey, with ongoing efforts to explore innovative paths for sustainable development [7].

中国发展网讯 朱丽莎、记者皮泽红报道 8月15日，在第三个全国生态日之际，广东省紧扣"绿水青山就 是金山银山"主题，在全国生态文明示范县—韶关市始兴县举办了全国生态日广东省活动。活动旨在深 入宣传阐释习近平生态文明思想，充分展示绿水青山就是金山银山理论和实践成果，普及推广绿色低碳 生活方式，加快推动形成绿色低碳的生产方式和生活方式。 本次活动由广东省发展和改革委员会、中共广东省委宣传部、广东省人民代表大会环境与资源保护委员 会、广东省自然资源厅、广东省生态环境厅、广东省水利厅、广东省农业农村厅、广东省林业局、韶关 市人民政府主办，韶关市发展改革局、韶关市始兴县人民政府承办。省相关部门负责同志、各地级以上 市发展改革等部门相关负责同志、专家学者及科研院校代表、企事业单位、有关行业协会代表以及新闻 媒体代表等齐聚一堂，共同参与这场生态文明建设的盛会。 广东省发展改革委党组成员、副主任秦黎明在致辞中指出，今年是习近平总书记提出"两山"理念的20周 年，是我国提出"双碳"目标的5周年，也是"十四五"规划收官之年。广东牢记总书记殷殷嘱托，坚持把 生态文明建设摆在全局工作的突出位置，牢固树立和践行绿水青山就是金山银山理念 ...

Core Viewpoint - Inner Mongolia Autonomous Region is launching a plan to cultivate and construct zero-carbon parks, aiming to establish a series of national and regional pilot zero-carbon parks to promote green and low-carbon development [1] Group 1: Zero-Carbon Park Definition and Goals - Zero-carbon parks are defined as areas where carbon dioxide emissions from production and living activities are reduced to "near zero" levels, with the potential to achieve "net zero" conditions [1] - The plan includes high standards and quality construction of zero-carbon parks through pilot promotion, demonstration leadership, and model innovation [1] Group 2: Implementation Phases - The construction of zero-carbon parks will be carried out in three phases: - In 2025, the selection process for zero-carbon park construction will begin, determining the list of parks to be developed [1] - From 2026 to 2028, comprehensive construction of national and regional zero-carbon parks will take place [1] - By 2030, further exploration and practice of zero-carbon park construction will deepen, with more regional parks included in the national pilot program [1]

Core Viewpoint - The Inner Mongolia Autonomous Region has issued a plan to cultivate and construct zero-carbon parks, aiming to promote sustainable development and reduce carbon emissions through a structured three-phase approach [1][2]. Group 1: Phased Development Plan - The first phase will start in 2025, focusing on the selection and approval of zero-carbon park construction [1]. - The second phase, from 2026 to 2028, will involve comprehensive construction of national and regional zero-carbon parks [1]. - By 2030, the third phase aims to deepen the exploration and practice of zero-carbon park construction, with more regional parks included in national pilot programs [1]. Group 2: Key Construction Contents - The plan includes building a zero-carbon park power grid system and enhancing the supply and consumption of green electricity [1]. - It emphasizes energy-saving and carbon-reduction transformations in parks, fostering new green low-carbon industrial dynamics [1]. - The plan promotes carbon capture, utilization, and storage (CCUS) technologies, alongside the development of a green smart energy and carbon management platform [2]. Group 3: Green Low-Carbon Industry Development - The plan identifies zero-carbon parks as crucial for nurturing green low-carbon production capabilities, ensuring resource guarantees for energy, water, and land [1]. - It encourages the transition of emerging and high-energy-consuming industries to zero-carbon parks with sufficient resources [1]. - Traditional industries are urged to integrate green electricity, green hydrogen, and carbon capture technologies to develop low-carbon processes [1].

Financial Performance - Revenue decreased slightly by 1% from HK$10,501 million to HK$10,437 million[9] - Renewable Energy Business Net Profit increased by 5% from HK$164 million to HK$172 million[9] - Capital Expenditure decreased from HK$2 billion to HK$1.4 billion[12] Gas Business - Gas sales volume remained steady at 8.75 billion m³[5] - City Gas Dollar Margin increased by RMB 0.01/m³ to RMB 0.57/m³[5] - Operating expenses decreased by 6% due to optimized personnel structure[20] - Signed a 15 billion m³ pipeline gas LTA with the "Three Majors", amounting to 1.5 billion m³/year[4] - Secured LNG import supply of 1.5 million tonnes/year, equivalent to 2.1 billion m³/year[4] Renewable Energy - PV power generation increased by 44% to 1.18 billion kWh[4, 5] - Accumulated PV Grid-connected capacity increased by 0.3 GW to 2.6 GW[5] - Electricity trading volume increased by 14% to 3.64 billion kWh[5] - Secured 775 MWh in Energy Storage System (ESS) contracts[4] - Two tranches of quasi-REITs raised approximately RMB 1 billion[4, 38]

Group 1 - The U.S. has initiated anti-dumping and countervailing investigations on crystalline silicon photovoltaic cells imported from India, Indonesia, and Laos, following a request from the Alliance for American Solar Manufacturing and Trade [1] - The U.S. International Trade Commission (ITC) is expected to make a preliminary ruling on the material injury caused by these imports by September 2, 2025 [1] - If the ITC finds substantial harm to the U.S. domestic industry, the Department of Commerce will continue its investigation, with preliminary countervailing and anti-dumping rulings expected in October and December 2025, respectively [1] Group 2 - In 2024, the estimated import value of the investigated products from India is approximately $790 million, from Indonesia is about $420 million, and from Laos is around $340 million [2] Group 3 - Shuangliang Group has signed a strategic cooperation agreement with CATL's subsidiary, aiming to integrate resources for the construction of zero-carbon parks [3] - The collaboration will leverage both companies' strengths in energy management and clean energy solutions to explore new models for zero-carbon park development [3] Group 4 - Zhonglai Co., Ltd. announced that its subsidiary won a bid worth 280 million yuan for a 1GW photovoltaic project operation and maintenance contract [4] - The contract includes responsibilities for the operation, maintenance, and safety of the photovoltaic plants during the service period [4] Group 5 - Qidong Hongjun New Energy Co., Ltd. plans to invest 2 billion yuan in a project to build a 4GW heterojunction battery and 2GW module production base [5] - The project will be constructed in phases, with an initial investment of 1 billion yuan for the first phase, which will produce 2GW of bifacial double-glass modules [5]

零碳园区建设内容涵盖多个方面，包括构建零碳园区电网系统、加强绿电高比例供给消纳、强化储能和 柔性负荷管理、大力推进园区节能降碳改造、培育绿色低碳产业新动能、强化园区资源节约集约、完善 升级园区基础设施、推进碳捕集利用与碳汇开发等。园区还将搭建绿色智慧能碳管理平台，增强涉碳综 合服务能力，并参与零碳标准规则制定，提升国际影响力。 《 人民日报 》（ 2025年08月14日 04 版） (责编：岳弘彬、牛镛) 本报呼和浩特8月13日电 （记者张枨）日前，内蒙古自治区发展改革委与自治区工信厅、自治区能源局 联合印发方案，计划通过试点推进、示范引领、模式创新等举措，高标准高质量建设零碳园区，培育创 建一批国家级和自治区级零碳园区试点，打造绿色低碳发展高地。 零碳园区是指通过规划、设计、技术、管理等方式，使园区内生产生活活动产生的二氧化碳排放降 至"近零"水平，并具备进一步达到"净零"条件的园区。根据方案，内蒙古将分3个阶段推进零碳园区建 设：2025年启动零碳园区建设申报遴选工作，确定自治区零碳园区培育建设名单；2026至2028年，全面 开展国家级和自治区级零碳园区建设；到2030年，深化零碳园区建设探索实践，更多 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][7]. Core Viewpoints - The company is a pioneer in the non-road wide-body dump truck sector, focusing on large-scale, electric, and unmanned vehicles, which are driving the demand for mining trucks [6][14]. - The company has a strong market position and is expected to benefit from the trends of large-scale, electrification, and automation in the mining industry, with significant growth in revenue and net profit projected for the coming years [6][7][22]. Financial Data and Profit Forecast - Total revenue (in million yuan) is projected to be 6,145 in 2024, with a year-on-year growth rate of 4.9%. For 2025, the revenue is expected to reach 6,961, reflecting a growth rate of 13.3% [2]. - The net profit attributable to the parent company is forecasted to be 793 million yuan in 2024, with a year-on-year growth of 29.0%. By 2025, it is expected to increase to 868 million yuan, a growth of 9.4% [2]. - Earnings per share are projected to be 1.79 yuan in 2024 and 1.88 yuan in 2025 [2]. - The gross profit margin is expected to improve from 21.4% in 2024 to 23.1% in 2027 [2]. Market Data - As of August 13, 2025, the closing price of the company's stock is 23.20 yuan, with a market capitalization of 8,064 million yuan [3]. - The company has a price-to-book ratio of 3.3 and a dividend yield of 3.02% [3]. Industry Trends - The demand for non-road wide-body dump trucks is expected to grow significantly, with the market size for electric wide-body dump trucks projected to increase from 1.7 billion yuan in 2023 to 11.2 billion yuan by 2028, reflecting a compound annual growth rate (CAGR) of 45.7% [6][9]. - The report highlights that the transition to electric and unmanned mining trucks is becoming a necessity due to economic benefits and policy support, with the market for unmanned mining trucks expected to grow significantly in the coming years [6][9][49]. Company Overview - The company was established in 2005 and is recognized as the first in China to develop and manufacture non-road wide-body dump trucks, with a strong focus on research and development [6][14]. - The company has established partnerships with key players in the industry, such as Yikong Zhijia, to enhance its product offerings and market reach [6][14].