Core Viewpoint - Shandong Energy New Materials Company aims for high-quality development by 2025 through a strategy focused on "five integrations" and enhancing efficiency while maintaining stability and quality [1] Group 1: Industry Foundation and Development - The company emphasizes its core business in new materials, focusing on industrial cultivation and upgrading as the foundation for its growth, resulting in a distinctive and synergistic industrial layout [2] - Key products include acetone and butanone, with production and sales ranking first globally, while nylon elastomers rank third in global capacity [2] - The company has successfully developed high-modulus wind power yarn, contributing to the localization of large wind turbine blades, with a total sales of 30,000 tons of high-modulus and ultra-high-modulus wind power yarn this year [2][3] Group 2: Green and Low-Carbon Initiatives - The company is constructing a complete industrial chain from ore mining to high-end nano-calcium carbonate, establishing a green low-carbon demonstration park in Shandong, generating over 50 million yuan annually [3] - The research team has achieved significant advancements in perovskite solar cell efficiency, reaching industry-leading levels within eight months of development [3] Group 3: Management and Efficiency Improvement - The company implements a "six precision and six enhancement" strategy across its operations, focusing on cost reduction, efficiency improvement, and value addition [4] - Cost control measures have led to significant reductions in variable costs and expenses, with over 50 million yuan saved in labor costs [4] - The company has successfully revitalized idle assets, achieving 220 million yuan in asset activation and clearing 2.96 million yuan in inventory [4] Group 4: Cultural and Organizational Development - The company promotes a "Party building + integration" model to enhance organizational effectiveness and employee engagement [5] - Various educational activities have been conducted to foster a culture of unity and development, reaching nearly 9,800 participants [6] - The company has established a support fund and conducted outreach to assist 69 families in need, enhancing employee satisfaction and sense of belonging [6]

Core Viewpoint - The article emphasizes the importance of green trade as a key driver for economic growth and highlights China's transition from being a "receiver" of global rules to a "shaper" of them, particularly in the context of green trade and climate governance [1][10][11]. Group 1: Green Trade Development - The recent Central Economic Work Conference in China underscored the need to "actively develop green trade," aligning with the Ministry of Commerce's implementation opinions on expanding green trade [1][10]. - Experts view the implementation opinions as a significant step for China to engage more proactively in global green trade rules and governance, enhancing the design, production, and market expansion of green products [1][11]. Group 2: Global Challenges and Responses - The global green trade landscape is currently undergoing a "rule reshaping" and "pattern reconstruction" phase, facing challenges such as "rule fragmentation" and "green protectionism" [4][15]. - The EU's Carbon Border Adjustment Mechanism (CBAM) is set to expand its coverage to 180 products, including various steel and aluminum-intensive downstream products, starting from January 1, 2026 [4][15]. Group 3: China's Position in Green Trade - By 2024, China is projected to become the world's largest green trade economy, with its import and export scale accounting for 16.1% of the global total [5][17]. - The implementation opinions propose a dual strategy of internal enhancement and external rule-breaking to address challenges, including the establishment of a carbon footprint database to improve data credibility [5][17]. Group 4: Future Outlook - By 2030, China is expected to evolve into a "solution provider" rather than just a "product exporter," and become a key co-creator of global green trade rules [8][21]. - China's green trade policies are anticipated to have a profound impact globally, aiding in the low-carbon transition and influencing the establishment of green standards and rules [8][21]. Group 5: Market Trends and Corporate Strategies - The global business environment is shifting towards sustainability, with 86% of global manufacturing buyers considering green capabilities as a core competitive advantage [6][18]. - Chinese companies are integrating sustainability into their strategies, with brands like "Moli Naibai" emphasizing the importance of aligning with local environmental standards and sustainable practices [6][18][19]. Group 6: Common Misconceptions and Recommendations - Common misconceptions among Chinese enterprises include treating ESG as a marketing topic rather than a core operational capability [7][19]. - Recommendations for Chinese companies include establishing verifiable data systems, focusing on practical scenarios rather than visions, and building long-term content assets [7][19][20].

（来源：数局） CONTENT 目录 油气行业外部环境五大特点 1 Five Features of External Environment of the Oil and Gas Industry 油气行业发展取得十大成就 N9 Ten Great Achievements of the Oil and Gas Industry 未来五年油气行业五大展望 6 Five Prospects of the Oil and Gas Industry in the Next Five Years 变与稳 弱与强 世界百年变局加速演进 全球经济弱势增长 中国油气行业稳健前行 中国经济韧性增强 退与进 逆与顺 能源转型有退有进 油气需求增速放缓 中国引领绿色发展 贸易流向"逆顺"转换 新与融 科技革命突飞猛进, 融合创新赋能油气行业 3 特点1:世界百年变局加速演进,中国油气行业稳健前行 特点2:全球经济弱势增长,中国经济韧性增强 中国经济增速 全球经济增速 フラ and 10:2 10:2 10:2 10:2 数据来源:国家统计局,中石油经济技术研究院 数据来源:IMF《世界经济展望》 □ 大国博弈波及能源,供应链安 ...

"十五五"规划建议提出，以碳达峰碳中和为牵引，协同推进降碳、减污、扩绿、增长，筑牢生态安全屏 障，增强绿色发展动能。 即日起，本版推出"美丽中国·身边的绿色故事"系列报道，近距离观察发生在我们身边的绿色实践，看 绿色发展理念如何深入普通人的生产生活方式之中。 ——编 者 一把晶莹剔透的大米捧在手心，一排盒装的"冉义贡米"码得整整齐齐。随着这批大米陆续发货，四川邛 崃市鑫磊耘耕家庭农场负责人黄鑫成就感满满。 回想起今年9月，"冉义贡米"收获时，黄鑫将稻谷烘干、加工，在田边组织了一场试吃会。10多个冒着 热气的电饭煲，装着不同品种大米。"评审团"有当地村民，也有专家学者，大家要经过试吃，盲选出口 味最佳的一款。低碳种植的"冉义贡米"入口绵柔，拿下冠军。 "冠军"大米可不普通。今年，"冉义贡米"成功通过碳足迹核算和碳标签认证，获得四川联合环境交易所 颁发的碳中和证书，成为一款"碳中和"大米。 大米为啥要"碳中和"？ 这要从黄鑫这个邛崃本地的"农二代"说起——他大学毕业返乡当上新农人，总想给田间带来点新事物。 绿色低碳理念越来越普及，黄鑫有了想法："低碳种水稻，不仅能产更多好大米，我们农民也能为'双 碳'作贡献。" ...

由保利置业与历下城发联袂打造的九宸赋社区，以创新科技与生态融合为核心，重新定义高端人居标 准。项目通过山东首个社区级人工降雨系统实现微气候调节，以立体植被体系构建身心疗愈场域，更将 社区规划融入茂岭山生态系统，打造出山东首座CBD生态居住保护区。凭借高品质住宅设计与人性化 细节，九宸赋首开劲销，成为济南改善型购房者的首选标杆。 小区"人工降雨" 微气候系统重塑社区环境 如何实现建筑与自然的共融？为了最大化保护济南原生地貌，九宸赋在建设初期便遵循"最小干预"原 则，在茂岭山麓延伸处，社区做了场地整体抬高，在减少山体破坏的同时，实现了小区西侧与全福河景 观河道相接，视野更加开阔；小区东侧俯瞰茂岭山公园，视野更加通透。同时该项目在小区中心位置打 造了3栋第四代住宅产品，满足了业主空中庭院的需求。"以四代宅楼座为中轴线，我们让小区左右两侧 楼栋对称分布、错栋排布，并将侧向、北向的窗户尽可能最大化，这样设计，不仅充分考虑到风向与气 候，也能保障东西侧的景观视野。"项目负责人介绍道。 "作为这片土地的翻译官，九宸赋项目将茂岭山生态系统的语言，翻译成大众可感知的宜居价值。"项目 相关负责人表示，九宸赋提供的是一种可呼吸可感 ...

Core Viewpoint - Chongqing International Composite Materials Co., Ltd. has successfully transformed complex fiberglass wastewater into drinkable water through advanced treatment processes, achieving a significant milestone in environmental sustainability and resource recycling [2][5]. Group 1: Challenges and Solutions - The company faced two major technical challenges: the complex composition of fiberglass wastewater and the difficulty in managing treatment by-products, which typically resulted in high energy consumption and hazardous waste [2][3]. - After extensive research, the company decided to invest several million yuan to develop a comprehensive wastewater treatment project, viewing it as a critical step towards green transformation [3][4]. Group 2: Innovative Treatment Process - The wastewater treatment project employs a seven-step process: chemical coagulation, hydrolysis acidification, biological treatment, membrane bioreactor (MBR), ultrafiltration, reverse osmosis (RO), and advanced oxidation with ozone, designed to treat 1,800 cubic meters of wastewater daily [5]. - The treatment system has achieved a wastewater reuse rate of over 70%, allowing high-quality soft water to be recycled back into the fiberglass production process [5]. Group 3: Environmental and Economic Benefits - The project is expected to reduce wastewater discharge by approximately 250,000 cubic meters annually and save around 310,000 cubic meters of tap water, significantly lowering the company's water consumption per product by over 32% [5]. - This initiative not only fulfills the company's social responsibility but also reduces operational costs, creating a win-win situation for environmental and economic benefits [5]. Group 4: Broader Green Initiatives - The wastewater treatment project is part of a larger green strategy, which includes achieving ultra-low emissions from kiln exhaust, enhancing waste recycling technologies, and utilizing solar energy to generate over 5.5 million kilowatt-hours of clean electricity annually [8]. - The company has also focused on product greening, obtaining carbon footprint certifications for various fiberglass products, and developing innovative logistics systems that significantly reduce carbon emissions [8].

Core Viewpoint - The nickel market is experiencing a significant rebound driven by Indonesia's policy adjustments and macroeconomic changes, leading to a complex interplay between supply constraints and high inventory levels [2][3]. Group 1: Market Performance - The London nickel futures market saw a rise of 1.85%, closing at $14,900 per ton, with a trading volume of 12,561 contracts [1]. - In the domestic market, the Shanghai nickel futures also experienced a notable increase, with the main contract closing at 117,240 yuan per ton, up 1.09% [1]. - The Shanghai nickel futures opened higher, with the main contract starting at 116,600 yuan per ton, and later rising to 118,980 yuan per ton, an increase of 3,000 yuan [2]. Group 2: Policy Impact - Indonesia plans to significantly reduce its nickel ore production target by 34% by 2026, which is expected to have a profound impact on the market dynamics and supply levels [2]. - The macroeconomic environment is showing signs of easing monetary policy, particularly with increased expectations for interest rate cuts from major central banks, which is supporting a weaker dollar and improving global liquidity [2]. Group 3: Supply and Demand Dynamics - Despite the positive price movements, the global visible inventory remains at historically high levels, which could suppress rapid price increases [2][3]. - There is a divergence in downstream demand, with the new energy sector, particularly high-nickel ternary batteries, showing resilient growth, while traditional consumption sectors like stainless steel are under pressure due to seasonal downturns and weak terminal demand [2][3]. Group 4: Industry Outlook - The recent policy changes in Indonesia are reshaping the global nickel supply chain, enhancing the bargaining power of upstream resources while forcing downstream sectors to undergo profit redistribution and restructuring [3]. - The nickel price outlook suggests a strong but volatile market, with short-term fluctuations expected due to the ongoing battle between supply expectations and high inventory realities [3].

Core Viewpoint - Nanjing Steel has been recognized for its strong competitiveness and ESG performance, achieving the highest ratings in both categories for the 2025 assessment, showcasing its ability to balance economic and social value in the steel industry [1][2]. Group 1: Competitiveness and ESG Ratings - Nanjing Steel has received an A+ rating for competitiveness (development quality) for nine consecutive years and an AAA rating for ESG for three years [1][2]. - The 2025 competitiveness rating evaluated 109 companies, with 16 achieving A+ and 10 receiving AAA ratings, positioning Nanjing Steel in the "first tier" of domestic steel enterprises [2]. Group 2: Technological Advancements and Product Development - Nanjing Steel has completed 215 products and technologies that meet international advanced standards, demonstrating its capability in high-end materials and green manufacturing [3]. - The company focuses on advanced steel materials, providing essential high-performance materials for major national projects and advanced manufacturing needs [3]. Group 3: Environmental and Social Responsibility - Nanjing Steel has achieved ultra-low emissions across all processes, becoming the first long-process steel enterprise in Jiangsu Province to receive an A-level environmental performance rating [4]. - The company has established a three-tier ESG governance structure and has been recognized as a national industrial tourism demonstration base, reflecting its commitment to sustainable development [4]. Group 4: Future Development Strategy - Nanjing Steel aims to enhance its competitiveness through smart manufacturing and deep collaboration across the supply chain, positioning itself for high-quality development [5]. - The company is expanding globally, establishing a global procurement and marketing network, and integrating overseas resources to enhance its value chain [5][6]. Group 5: Business Ecosystem Development - Nanjing Steel is building three business ecosystems: industrial chain, smart manufacturing services, and green low-carbon initiatives, focusing on resource security and cost advantages [6]. - The company is enhancing its digital transformation and modern industrial service platform to support manufacturing enterprises in their digital upgrades [6].

Group 1 - The chemical sector continues its upward trend, with the chemical ETF (516020) showing a gain of 0.61% as of the latest report [1] - Key stocks in the sector include Rongsheng Petrochemical and Hengyi Petrochemical, both rising over 4%, and Enjie shares increasing by over 3% [1] - The overall market sentiment is positive, reflecting strong performance in sub-sectors such as petrochemicals, fluorochemicals, and lithium batteries [1] Group 2 - Wanhua Chemical has signed an investment agreement for the "Wanhua Laizhou Green Power Industrial Park," which is a strategic move in the new materials sector, planning to produce 650,000 tons of lithium iron phosphate annually [1][3] - Wanhua Chemical's planned lithium iron phosphate capacity exceeds 1 million tons, with ongoing projects to expand existing production capabilities [3] - The chemical sector is currently viewed as having a favorable valuation, with the chemical ETF's underlying index price-to-book ratio at 2.44, indicating a relative low point historically [3] Group 3 - Analysts predict a recovery in the chemical industry, with expectations of improved supply-demand dynamics in sub-sectors like titanium dioxide, pesticides, and chemical fibers [3] - The chemical ETF (516020) provides a diversified investment opportunity, covering various sub-sectors and focusing on large-cap leading stocks [4] - The ETF's strategy allows investors to efficiently capture investment opportunities in the chemical sector [4]

Core Viewpoint - Hainan Province is initiating a step-by-step approach to develop zero-carbon parks, focusing on six key tasks to promote low-carbon and zero-carbon transformations in various parks [2][3]. Group 1: Key Tasks for Zero-Carbon Park Development - The first task is to construct a new type of zero-carbon energy system, which includes integrating parks with surrounding renewable energy sources such as wind, solar, biomass, and nuclear energy, and promoting the development of zero-carbon energy projects [3]. - The second task involves creating new models for industrial carbon reduction, supporting research and demonstration projects in areas like CCUS and new materials, and encouraging traditional industries to transition to green low-carbon practices [3]. - The third task focuses on implementing new carbon reduction demonstrations in building construction, ensuring new buildings meet ultra-low energy consumption standards and promoting energy-saving renovations for existing structures [3]. Group 2: Transportation and Carbon Management - The fourth task aims to improve the transportation decarbonization system by upgrading green transportation infrastructure and supporting the use of new energy vehicles and vessels within the parks [4]. - The fifth task is to establish a smart carbon management system, while the sixth task explores long-term carbon management pathways [5]. - The notification emphasizes the need for coordinated efforts from local governments and financial support through various funding sources to facilitate the construction of zero-carbon parks [5].