Core Viewpoint - The Shaanxi Provincial Development and Reform Commission and the Provincial Department of Industry and Information Technology have announced the first batch of provincial zero-carbon parks, with eight parks selected for this initiative [1]. Group 1: Selected Zero-Carbon Parks - Eight provincial zero-carbon parks include: - Sanyuan High-tech Industrial Development Zone - Xianyang High-tech Industrial Development Zone - Shaanxi Chengcheng Economic and Technological Development Zone - Yan'an High-tech Industrial Development Zone - Yulin Economic Development Zone (Qingshui Industrial Park in Yushen Industrial Zone) North District Fine Chemical Industry Park - Shenmu High-tech Industrial Development Zone - Xunyang High-tech Industrial Development Zone - Shaanxi Shangluo Economic and Technological Development Zone [1] - Sanyuan High-tech Zone was listed as one of the first national zero-carbon parks in December of the previous year [1]. Group 2: Yulin Economic Development Zone - Yulin Economic Development Zone is recognized as a national new industrialization demonstration base and a national-level green park, being one of the first approved chemical parks in the province [1]. - The North District Fine Chemical Industry Park covers a planned area of 6.76 square kilometers and aims to achieve green, low-carbon, and high-quality development [1]. - The park focuses on developing industries such as biodegradable material modification, hydrogen equipment manufacturing, carbon fiber, polyester fiber, and pharmaceutical and pesticide intermediates, along with supporting infrastructure projects for wastewater treatment and solid waste disposal [1]. Group 3: Carbon Reduction Initiatives - The industrial park has been promoting source reduction, process reduction, and end carbon capture, facilitating the coupling development of modern coal chemical industry with green electricity, green hydrogen, and green oxygen [2]. - It actively engages in carbon capture and utilization demonstrations and implements actions to extend the coal chemical industry chain, promoting the downstream development of coal-based chemicals into fine chemicals and new chemical materials [2]. - The park encourages integrated development of source, network, load, and storage, as well as multi-energy complementary development tailored to local conditions [2].

Core Viewpoint - The company is actively advancing multiple projects related to zero-carbon parks, aligning with national policies that support the development of such initiatives [1] Group 1: Project Development - The company is implementing projects like the Guangzhou Industrial Control Zero Carbon Park and the first phase of the Guizhou Power Grid Science and Technology Park, which are focused on near-zero carbon emissions [1] - Recent national policies, including the "Notice on the Development of Zero Carbon Park Construction," emphasize a step-by-step approach to low-carbon and zero-carbon transformation, prioritizing the use of green electricity, energy-saving technologies, and carbon emission monitoring systems [1] Group 2: Strategic Transformation - The company's strategic transformation aims to shift its business structure from primarily "investment holding" to a balanced approach of "lean investment + high-end services," expanding from "comprehensive energy" to "multi-energy collaboration + energy saving and carbon reduction" [1] - This transformation is expected to directly drive the energy-saving and carbon reduction business to become a core growth driver for the company [1] Group 3: Market Opportunities - As policies are gradually implemented, the demand for zero-carbon park construction is anticipated to experience explosive growth [1] - The company plans to seize market opportunities by developing a business model and product system for zero-carbon parks, establishing a comprehensive promotion strategy to assist parks in achieving carbon neutrality while creating new business growth points and enhancing market competitiveness [1]

"十五五"期间，我国力争建成约100个国家级零碳园区，将深刻重塑生产方式、能源结构、治理模式与 商业模式，创造巨大社会、环境与经济价值。同时，相关工作也还面临巨大挑战。当前全国园区单位能 耗碳排放约为2.1吨/吨标煤，而国家发展改革委等部门明确要求未来3年-5年内降至0.2—0.3吨/吨标煤， 降幅高达90%。 在此背景下，专家指导委员会在国家发展改革委相关司局指导下成立，汇聚新能源、新材料、先进储 能、智能电网、数字能源及绿色矿山等领域顶尖院士专家，为零碳园区提供顶层设计、技术路径与政策 机制的全方位支撑。 以系统集成创新打造零碳"中国方案" 本报讯 1月30日，2026中关村论坛系列活动—AI+能源发展大会在北京举行。会上，中关村国联绿色产 业服务创新联盟（以下简称"联盟"）国家级零碳园区创建专家指导委员会正式成立，标志着我国零碳园 区建设迈入智库领航、生态协同的高质量发展新阶段。 先进储能材料国家工程研究中心主任兼首席科学家钟发平当选主任委员；中国工程院院士郭仁忠、武 强、黄伯云、余贻鑫、王成山，中国科学院院士唐智勇、李永舫受聘副主任委员，国家发展改革委、国 家能源局和联盟相关领导为首批专家代表颁发聘书 ...

Carbon Neutrality Policy - The National Energy Administration announced that the "14th Five-Year" energy plan is expected to be released in the first half of this year, aiming for a non-fossil energy consumption ratio of 25% and a new energy power generation capacity exceeding 50% by 2030 [3][4] - The "14th Five-Year" energy plan will focus on four key measures: supply diversification, industrial integration, expanding non-electric consumption, and collaborative consumption [3] - By 2025, China's wind and solar power installations are projected to exceed 430 million kilowatts, with a cumulative installed capacity surpassing 1.8 billion kilowatts [4] Green Certificate Trading - By 2025, the cumulative trading volume of green certificates in China is expected to reach 930 million, a year-on-year increase of 120%, with over 111,000 participants in the trading market [5] - The average trading price of green certificates is projected to rise to approximately 4.14 yuan per certificate in the second half of 2025, reflecting a 90% increase from the first half [5][6] - The demand for green certificates is shifting from policy requirements to strong market demand, with high-energy-consuming and export-oriented enterprises becoming the main consumers [6] Ecological Industrial Park Management - The Ministry of Ecology and Environment has revised the management measures for ecological industrial parks, emphasizing pollution reduction and carbon reduction [7][8] - The new management measures include a performance evaluation system and withdrawal mechanisms for parks that do not meet standards, along with incentives for green transformation [8] - The Ministry plans to launch a new batch of ecological industrial parks this year, promoting high-quality development through financial and technological support [8] Beautiful China Initiative - The framework for building a Beautiful China has been established, with 184 exemplary cases published, including 141 beautiful rivers and 43 beautiful bays [9][10] - The initiative aims to improve ecological environment quality and implement pollution prevention strategies, with a focus on solid waste management and new pollutant governance [10] Local Dynamics - Beijing aims to achieve a green electricity import scale of 65 billion kilowatt-hours by 2030, highlighting the need for regional collaboration in energy transition [11][12] - The city plans to enhance its energy structure and implement dual control of carbon emissions, aiming for international advanced levels in energy efficiency and carbon efficiency [11] Corporate Practices - The 21st Century Economic Report has been recognized for its environmental news reporting, reflecting the integration of carbon neutrality into mainstream economic narratives [13][15] - The report highlights the importance of environmental reporting in monitoring policy implementation and providing market references [15] - Envision Group's approach to building zero-carbon parks emphasizes collaboration among park management, enterprises, and service providers, focusing on new energy systems and digital management [16][17]

Core Viewpoint - Shandong Province has made significant strides in transitioning to green energy, with non-fossil energy power generation capacity reaching 139 million kilowatts by 2025, increasing its share from 31% to 54%, surpassing coal power for the first time [2][3]. Group 1: Energy Transition Achievements - During the "14th Five-Year Plan" period, Shandong's energy consumption intensity decreased by 22%, and carbon emission intensity fell by 20.5% [2][3]. - The proportion of days with good air quality reached 77.8%, and Shandong has consistently received high marks in central pollution prevention assessments [2][3]. - The province has closed 10.9427 million kilowatts of small coal-fired power units, with over 87% of operational coal power units being large-scale [6][5]. Group 2: Industrial Transformation - Shandong's industrial focus has shifted from heavy industries like steel and petrochemicals, which heavily relied on coal, to cleaner energy sources [5][6]. - The province has implemented measures to reduce carbon emissions in high-energy-consuming industries, including relocating steel production to coastal areas and closing high-energy-consuming production capacities [5][6]. - The integration of smaller refineries and the establishment of world-class refining and chemical projects have improved energy efficiency and product value [6] . Group 3: Green Energy Development - Shandong has actively expanded external green electricity supply channels and coordinated the construction of new energy stations within the province [10][11]. - The "External Electricity into Shandong" strategy has successfully delivered over 1 trillion kilowatt-hours of external power to the province over the past 20 years [10][11]. - By 2025, Shandong's distributed photovoltaic projects have become a major force in new energy station construction, with a total installed capacity of over 115 million kilowatts, accounting for 48.3% of total power generation capacity [11][12]. Group 4: Policy and Market Innovations - Shandong has pioneered several market reforms in the electricity sector, including the introduction of capacity compensation systems and retail price caps to stabilize electricity prices [14][15]. - The province is also a leader in the development of an electricity spot market, which enhances resource allocation and price signals [13][14]. - New energy mechanism price bidding results have indicated a shift towards wind power and energy storage development, with significant investments expected in these areas [15][16]. Group 5: Future Goals and Initiatives - The Shandong government aims to establish 20 provincial-level zero-carbon parks and explore integrated models for energy sources, networks, loads, and storage [18][19]. - The zero-carbon parks are designed to achieve net-zero carbon emissions through various technological and management measures, promoting sustainable development [19][20]. - The province plans to continue optimizing its energy structure by advancing nuclear power and large-scale clean coal projects [16][20].

Core Viewpoint - Geothermal energy is gaining traction as a clean, efficient, and stable renewable energy source in the context of China's "dual carbon" goals, with expanding application scenarios and significant opportunities for development in the energy sector [1][2]. Industry Development - China possesses approximately 1/6 of the global geothermal resources and leads in direct utilization, accounting for about 37.7% of the global total [2]. - The development of geothermal energy technology has advanced significantly, with innovations such as containerized geothermal power generation reducing construction time to 1/10 and costs to 1/2 compared to international standards [2]. - The shift towards geothermal energy is crucial for achieving carbon neutrality and enhancing energy security, especially given China's reliance on imported fossil fuels [2]. Zero Carbon Park Construction - The construction of zero carbon parks presents new opportunities for geothermal energy, with the EU's carbon border adjustment mechanism emphasizing the importance of sustainable energy supply systems [3]. - Notable projects include the Liaoning Shenyang Sino-German High-end Equipment Manufacturing Industrial Park and the Zhengzhou Airport Economic Zone, which utilize geothermal energy for clean heating solutions [3]. Economic Benefits - Implementing geothermal heating in buildings can save significant amounts of natural gas and reduce energy expenditures, with estimates suggesting a savings of approximately 3 billion yuan annually for every 100 million square meters of buildings [4]. - The transition to geothermal energy not only lowers carbon emissions but also significantly reduces operational costs, as demonstrated in projects like the one in Xinxiang, Henan [4]. Future Prospects - The geothermal industry is expected to develop into a distinctive industrial cluster worth over 100 billion yuan, driven by continuous technological advancements and supportive government policies [5]. - The growth of the geothermal sector is anticipated to encompass a wide range of applications, including residential heating, hospitals, schools, and industrial uses, contributing to new economic growth points and production capabilities [5].

Core Viewpoint - The establishment of the first fixed hydrogen refueling station in Fujian Province marks a significant step towards the large-scale application and commercialization of green hydrogen in the region [1] Group 1: Project Development - The Fujian green hydrogen pilot base is set to include two 10-megawatt wind turbines, photovoltaic systems, energy storage, hydrogen equipment testing workshops, and refueling stations [1] - The fixed hydrogen refueling station has the capacity to supply 1,000 kilograms of high-purity green hydrogen daily [1] Group 2: Environmental Impact - The pilot base is expected to reduce carbon dioxide emissions by approximately 47,000 tons annually, supporting the construction of a "zero-carbon park" at the Gulei petrochemical base [1]

Core Viewpoint - The construction of zero-carbon parks is strategically significant for cultivating green productivity and transforming development methods, with a focus on creating sustainable internal driving mechanisms through integrated education, technology, and talent development [1] Group 1: Zero-Carbon Park Development - The first batch of 52 national-level zero-carbon parks has been announced, and the institutional environment for their construction is maturing with the improvement of policy tools such as carbon trading and green finance [1] - The spatial layout of zero-carbon parks should shift from cost-oriented to innovation resource aggregation, prioritizing locations near universities and research institutions [2] Group 2: Technological Integration - Zero-carbon parks involve multiple technology systems, including clean energy and digital management, and their success depends on the collaborative optimization of these technologies [3] - Establishing a technology collaboration mechanism is essential, with universities and research institutions focusing on practical issues in low-carbon construction [3] Group 3: Talent Development - A practical-oriented talent cultivation system is needed to meet the operational and optimization demands of zero-carbon parks, integrating real-world tasks into educational programs [4] - Collaboration between universities and enterprises is encouraged to enhance students' capabilities through hands-on experience in park operations and energy management [4] Group 4: Collaborative Ecosystem - Zero-carbon parks should evolve into comprehensive platforms that integrate education, technology, talent, and industrial upgrading, fostering a collaborative governance structure involving multiple stakeholders [5] - A unified digital platform for the parks is proposed to enhance the efficiency of innovation resource allocation and facilitate collaboration among educational and research institutions [5]

南方电网综合能源股份有限公司投资者关系活动记录表 编号：2026-001 | 投资者关系活动 ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | 其他 | | 活动参与人员 | 国盛证券 高紫明 张津铭 张卓然；嘉实基金 孙逸晨；鹏华基 | | 金 | 司马朝阳；新华资产 杨习之；浔峰投资 李健龙；太和致 | | 远 | 张鑫；睿濮投资 陈志涛；太保资产 魏巍；新华基金 刘龙 | | 龙 | | | 时间 | 2026 年 1 月 30 日 | | 地点 | 广州 | | 形式 | 现场会议 | | 上市公司接待人 | 董事会工作部：程国辉、任嫣然、陈星星 | | 员姓名 | | | | 1.公司 2025 年推动"服务倍增"、"节能倍增"等重点 | | | 专项行动的实施效果如何？ | | | 答：一是开展"服务倍增"，拓展市场新空间。公司组建 | | 交流内容及具体 | 数字服务公司，做强智业公司、鼎云公司，打造覆盖咨询、设 | | 回答记录 | 计、建设、运营、电力交易服务 ...

海口市人民政府、市发展改革委、海口国家高新区，海南电网有限责任公司、中国城市规划设计研究 院、海南省节能降碳中心等单位参加了启动会。会上，海口国家高新区详细汇报了国家级零碳园区建设 进展情况及整体建设思路。与会各单位围绕零碳园区建设方案、重点任务、项目推进、要素保障等核心 内容建言献策，各方凝聚发展共识，进一步明确了后续工作推进方向和各年度重点工作计划，为海口国 家高新区国家级零碳园区建设各项工作落地见效、稳步推进奠定坚实基础。记者 钟起的 本报讯 近日，省发展改革委组织召开海口国家高新区国家级零碳园区建设启动会，我省首个国家级零 碳园区——海口国家高新区将以五年为建设周期，正式迈入全面实施阶段。 ...