Core Viewpoint - The traditional coal industry is facing unprecedented challenges due to global energy transition and carbon neutrality goals, yet Huangling Mining Company has achieved significant growth, with a projected 8.7% increase in coal production for 2024 and power generation exceeding 10 billion kWh, while reducing coal production costs by nearly 23 yuan/ton [1] Group 1: Technological and Green Innovations - Huangling Mining has redefined survival rules in the coal industry through a dual focus on "intelligent and green" initiatives, achieving a new paradigm for high-quality industrial development [2] - The company has undergone five iterations of technological revolution since 2014, achieving over 80% automation in its production lines, with 84 patents and 8 software copyrights obtained in 2024 [2] - The implementation of intelligent inspection robots has significantly reduced underground risks, while real-time carbon monitoring systems have led to a noticeable decrease in energy consumption per ton of coal produced [2] Group 2: Waste Management and Ecological Restoration - Huangling Mining has developed a unique "gangue recycling chain" and ecological restoration economics, achieving zero waste discharge and creating a green closed-loop system [3] - The company has transformed waste rock piles into green-covered mining areas through comprehensive management, and a project converting coal gangue into ceramic particles is expected to generate an annual output value of approximately 90 million yuan [3] Group 3: Talent Development and Organizational Structure - The company boasts a professional workforce with 545 technical personnel, including 46 with senior titles, and a significant proportion of young leaders, with 61.5% of newly appointed cadres being born in the 1980s [3] - In 2024, Huangling Mining produced three industry skill masters and several award-winning professionals, reflecting its commitment to talent development [3] Group 4: Future Development and Strategic Initiatives - Huangling Mining is focusing on industrial chain integration and digital services, aiming to enhance energy efficiency and create a robust industrial ecosystem [4] - The company is advancing its coal-electricity integration strategy, with significant projects underway that will increase its total installed power capacity to 6,320 MW, generating over 30 billion kWh annually [4] - The establishment of a digital service platform is set to enhance operational efficiency and decision-making processes, marking a significant step towards a smart mining future [5][6]

Group 1: Core Framework of the Proposal - The proposal establishes a national standard system framework for climate change response, focusing on three dimensions: foundational capability support, mitigation of climate change, and adaptation to climate change [1] - Key areas outlined include greenhouse gas accounting, market mechanism design, and adaptation action specifications, providing a clear roadmap for climate governance [1] Group 2: Importance of Greenhouse Gas Accounting - Greenhouse gas accounting, verification, and monitoring are identified as core pillars of foundational capability support, establishing a solid data foundation for the entire standard system [2] - China has developed a relatively complete standard system for greenhouse gas accounting, incorporating international standards to ensure alignment with global practices [2][3] Group 3: Challenges in Standard Implementation - The implementation of the proposal faces challenges such as data quality, institutional collaboration, and execution details, which need to be addressed for effective rollout [1][5] - The current market mechanism for carbon trading is hindered by insufficient liquidity and limited participation from financial institutions, which affects the overall effectiveness of emission reduction efforts [7] Group 4: Role of Carbon Management Platforms - Carbon management platforms are increasingly adopted by large energy-consuming enterprises to monitor energy consumption and assist in internal decision-making regarding carbon emissions [5][6] - These platforms primarily track direct emissions and energy usage, while supply chain emissions monitoring remains complex and less utilized among small and medium enterprises [6] Group 5: Need for Cross-Departmental Collaboration - Effective construction and implementation of the standard system require cross-sector resource integration and policy collaboration, particularly among high-energy-consuming industries [7][8] - Establishing a joint working mechanism across departments is essential for developing a comprehensive carbon trading market and ensuring effective regulatory frameworks [8] Group 6: Financial Support for Climate Adaptation - The proposal emphasizes the importance of financial support for climate adaptation, with a need for a robust standard system to guide pilot projects in climate-resilient urban development [9][10] - A well-defined standard system can help financial institutions identify climate-related risks and design targeted financial products to support adaptation efforts [10] Group 7: Data Quality and Risk Management - High-quality data is crucial for effective climate risk assessment and financial product development, with a focus on establishing a comprehensive data infrastructure and verification mechanisms [11] - The development of standardized climate stress testing and scenario analysis tools is necessary for financial institutions to accurately price risks associated with carbon emissions [11]

Group 1 - The project, led by Shandong Electric Power Construction Third Engineering Company, has successfully assembled over 100,000 heliostats, marking a significant milestone for the highest tower molten salt solar project in Xinjiang [1] - The total planned area for the project is 650,000 square meters, with an installation of 300,000 heliostats, which will efficiently reflect sunlight to the heat-absorbing tower, forming the core of the solar thermal power generation system [1] - The project adopts an integrated construction model of "solar thermal + photovoltaic," combining a 100,000 kW tower molten salt solar power system with a 900,000 kW photovoltaic power station, significantly enhancing power generation efficiency and economic viability [1] Group 2 - The project is expected to generate an average annual power output of approximately 1.96 billion kWh, reducing standard coal consumption by about 690,000 tons annually, and cutting carbon dioxide emissions by 1.88 million tons and wastewater by 122,200 tons [2] - The project team is committed to ensuring safety and quality while accelerating construction, aiming for full capacity grid-connected power generation to contribute to local economic development and energy transition [2]

日前，东风商用车在乌鲁木齐举办1000辆新能源重卡首批车辆交付仪式。这标志着东风商用 车&新疆炫烨在共建智慧绿色物流体系、助力实现"双碳"目标上迈出关键一步，见证了东风商 用车在疆最大规模新能源重卡订单落地启航。 在这次合作中，东风商用车与新疆炫烨践行"技术共研、场景共创、价值共享"的新模式。 依托东风商用车车辆完好率大数据平台，以实际运营数据反哺产品迭代，东风商用车研发团队 驻场开发场景化解决方案；协同助推区域充电网络布局，加速建设绿色交通基础设施；打造可 复制的商业化运营模板，为东风商用车新能源重卡在西北区域的推广积累经验。 新疆炫烨汽车服务有限公司是西北区域物流标杆企业，也是东风商用车的绿色智慧物流价值伙 伴。 在推动本次战略合作的过程中，双方深入多个运输场景，高效完成严苛的"点对点"高频运输场 景测试，充分验证了东风商用车新能源重卡在极端工况下，超长续航、稳定可靠、高效节能的 性能优势。 本次交付的新能源重卡深度融合"五化"技术，针对新疆地区多元的地势地貌、复杂的工况进行 专项优化，在极端环境适应性、智慧管理生态等方面实现升级。同时，以强大服务经销网络赋 能，践行"一客户一方案"，量身定制驻点服务、驾 ...

Core Insights - The State Grid DC Technology Center has developed a high-performance impregnated paper insulation technology for ultra-high voltage converter transformer bushings, achieving international leadership and recognized as a world-first innovation [1][2] Group 1: Technology Development - The new technology replaces traditional oil-immersed paper insulation with impregnated paper, eliminating safety hazards such as abnormal gas generation and reducing the risk of porcelain bushing explosions [1][2] - The project team overcame key technical challenges related to large-size core materials, design, and processes, establishing a complete independent intellectual property technology system [2] Group 2: Performance and Application - The new impregnated paper bushings have surpassed existing insulation levels, partial discharge levels, and current-carrying capacity, with strict testing criteria [2] - As of now, 258 units of 550kV and 800kV bushings have been successfully applied in engineering, with 154 units in operation showing zero defects [2] Group 3: Industry Impact - This breakthrough addresses technical bottlenecks in DC safety operation, providing strong support for the construction of ultra-high voltage projects during the 14th Five-Year Plan [2] - The development is significant for promoting energy technology revolution and aiding in achieving carbon neutrality goals [2]

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 投资者关 系活动类 别 □√特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位 名称与人 员姓名 信达证券郭雪 信达证券吴柏莹 上海证券葛博威 时间 2025 年 06 月 11 日 10:00 -12:00 地点 宜兴市高塍镇鹏鹞科技创新园 上市公司 接待人员 姓名 夏淑芬女士 公司副总经理 董事会秘书 陈伟锋先生 公司投资关系总监 投资者关 系活动主 要内容介 绍 主要交流内容： 一、公司 SAF 目前现状 答：2024 年盘锦鹏鹞完成 SAF 的技术改造，并于 2024 年 9 月成 功产出生物航煤（简称 SAF），整体的产品收率为 82%，46 项指标均 达到国际标准。2024 年 12 月，盘锦鹏鹞与中国石油国际事业公司合 作签约，首次将生产的 4950 吨生物航煤出口至国际市场。目前公司 在 SAF 的工艺流程上继续做优化，未来有望提高 SAF 的收率。 二、国内 SAF 政策现状 答：2024 年 9 月，中国正式启动 SA ...

Group 1 - The core viewpoint emphasizes that multiple listed companies are actively engaging in the circular economy sector under the "dual carbon" goals, showcasing significant development potential and market value across various industries [1] Group 2 - The DaaS (Device as a Service) model is leading a new trend in equipment recycling, with Lingxiong Technology being a key player, providing comprehensive services that significantly enhance IT equipment utilization [3] - DaaS solutions can reduce initial investment by over 97% compared to traditional IT equipment procurement methods and save around 30% in operational costs over three years [3] - Lingxiong Technology's philosophy reflects the core idea of circular economy: "limited resources, infinite cycles" [3] Group 3 - Various listed companies are exploring diverse paths in the circular economy, with Guqi Down Materials focusing on the harmless and resourceful reuse of by-products from the upstream livestock and slaughtering industry [4] - Yingke Recycling specializes in the full industry chain of recycled plastics, holding key technologies in foam reduction and PET "bottle-to-bottle" recycling, with plans to expand into other plastic recycling areas [4] - Mingtai Aluminum is building a low-carbon circular green economy with a closed-loop industry chain from raw material recovery to deep processing, increasing the proportion of recycled aluminum products [4] - The use of recycled aluminum products aligns with global environmental and sustainable development strategies, effectively reducing carbon emissions and production costs while enhancing market competitiveness [4]

在众多海水提铀方法中，电化学法因其快速的动力学和材料再生特性成为非常有前景的方法。然而，传 统电化学法面临着诸多挑战，如阳极氧析出半反应所需的电位高且不具备提铀的功能，以及高盐海水环 境中铀的选择性差、提取效率低等。 核能铀原料可持续获取有了新技术方案。近日，记者从湖南大学获悉，该校化学化工学院教授王双印团 队开发了一种新型电化学双极提铀技术。 该技术突破了传统单极提铀体系理论效率受限、能耗过大的难题。相关研究日前在线发表于国际期刊 《自然·可持续性》。 在全球能源转型与"双碳"目标推动下，核能作为清洁能源的重要性日益凸显。陆地铀矿资源的有限性， 制约了核电的快速发展。海水铀资源储量丰富，大约有45亿吨，相当于陆地总储量的几千倍。从海水中 提取铀资源对保障核能可持续发展具有重要意义，海水提铀技术也被《自然》杂志评为"能改变世界的 七种化学分离技术之一"。 团队成员、副教授王燕勇介绍，针对以上问题，团队设计了一种新型阳极间接提铀半反应，并开发出了 新型双极提铀电化学体系，突破了传统单极回收体系理论效率受限的瓶颈，大幅提升了铀的提取效率。 在0.6伏槽电压的宽铀浓度区间模拟海水中，该体系的铀离子提取率可达近100 ...

Core Viewpoint - The event "Green Certificate: Smoothly Connecting China to the World - Green Certificate Entering the Yangtze River Delta" aims to promote the widespread application of renewable energy green power certificates (referred to as "green certificates") in the Yangtze River Delta region, supporting the construction of a green power consumption system and contributing to regional green, low-carbon, and high-quality development [1][2]. Group 1: Event Overview - The event was held on June 5 at the third Carbon Expo in Shanghai, with over 200 attendees including representatives from government, enterprises, and power trading institutions [1]. - The event was organized by the Beijing Electric Power Trading Center, with support from various organizations including State Grid Shanghai Electric Power and the National Energy Administration [1]. Group 2: Market Development - The green certificate market in China is entering a rapid development phase, with an improved policy framework and a significant increase in trading scale and market participation [2]. - In the first five months of this year, a total of 1.093 billion green certificates were issued, with trading volume reaching 289 million certificates, a year-on-year increase of 490% [2]. Group 3: Platform Launch - The Beijing Electric Power Trading Center's Green Certificate Trading Platform 2.0 was officially launched at the 2025 Shanghai International Carbon Neutrality Expo, featuring optimized operational processes and enhanced system performance [3]. - The new platform aims to improve transaction efficiency and transparency, providing a more convenient and efficient trading service for users [3].

Group 1 - The core viewpoint emphasizes the significant growth of green finance in Zhanjiang, with green credit exceeding 60 billion yuan and maintaining over 25% growth for six consecutive years, supporting the green and low-carbon development of the real economy [1] - The local financial sector is not only supporting green enterprises but also guiding high-carbon enterprises towards decarbonization through transformation finance, marking a new path to achieve carbon neutrality goals [1][2] - The People's Bank of China (PBOC) in Zhanjiang has initiated transformation finance loans for the construction materials industry, with a notable loan of 7 million yuan issued to a cement company, representing a significant step in the green transition of the industry [1][4] Group 2 - The PBOC in Zhanjiang has established a green finance reform leadership group and launched various initiatives to explore the integration of marine blue finance and green finance, supporting the development of a modern industrial system focused on green steel, green petrochemicals, green energy, green food, and marine economy [2] - The focus on transformation finance development includes building mechanisms, collaborating with multiple parties, conducting policy advocacy, and managing enterprise lists to promote the effective connection between green finance and transformation finance [2][3] - The local bank has actively engaged with enterprises to understand their financing needs and has tailored transformation finance solutions to reduce financing costs and promote upgrades [4][5] Group 3 - A cement company in Zhanjiang plans to invest approximately 50 million yuan over the next three years to upgrade equipment and develop low-carbon technologies, aiming to reduce carbon emissions intensity by over 20% [4][5] - The successful issuance of transformation finance loans not only provides new momentum for the sustainable development of the construction materials industry but also serves as a model for transformation finance practices in Zhanjiang [6] - The ongoing transformation of traditional industries is deemed essential for the high-quality economic development of Zhanjiang, with plans to expand the coverage and scale of transformation finance to support green low-carbon transitions [6]