核心要点 2025 年 8 月 8 日，德国 巴登 - 符腾堡州罗特韦尔市，一处加油站内，加油枪正在为一辆燃油车加油。 在德国、意大利以及部分汽车行业协会的游说之下，欧盟预计于本周二放宽 2035 年起禁售新燃油车的 相关规定。 近日已有多家媒体报道了这项拟议中的政策松绑方案。欧洲议会资深议员曼弗雷德・韦伯上周晚些时候 向德国《图片报》透露，这项禁售令的力度将会被削弱。 欧盟 2035 年起禁售新柴油车和汽油车（包括厢式货车）的政策，于 2023 年获批时，被视为欧盟核心绿 色新政中的标志性举措。该政策的目标是在 2035 年前实现乘用车和厢式货车的二氧化碳零排放。 放宽这项政策，将为欧洲本土整车制造商提供更大的灵活度。这些厂商目前正同时面临美国关税压力、 供应链中断、来自中国车企的激烈竞争，以及向电动汽车转型过程中的重重阻碍。 分析师对此举能否增强欧洲地区的长期竞争力提出质疑，环保人士则批评这是欧盟在气候目标上的又一 次潜在倒退。 欧盟执行机构欧盟委员会的发言人在接受美国消费者新闻与商业频道（CNBC）采访时拒绝置评，相关 新闻发布会定于本周二下午举行。 外界普遍预计，欧盟将于本周二放宽 2035 年起禁售 ...

Group 1 - The core viewpoint of the news is the signing of an EPC contract for a 100 MW wind power project in Guangxi, with a total contract price of RMB 675 million, which may be adjusted based on national tax policy changes [1][2] - The project involves the construction of a wind farm, including engineering surveying and design, switch stations, collection lines, transmission lines, and procurement, transportation, and storage of all equipment and materials [1] - The collaboration between Shankou Holdings and Shankou New Energy reflects their commitment to integrating into national strategic planning and supporting China's clean energy initiatives [2] Group 2 - Shankou Holdings remains optimistic about China's economic development and is actively engaging in the clean energy sector, aligning with the government's goals for carbon peak by 2030 and carbon neutrality by 2060 [2] - The investment and operation of this project will enhance the strategic layout and business footprint of Shankou New Energy and Shankou Holdings in Guangxi, contributing to the diversification of their business portfolio in the renewable energy sector [2] - This initiative is expected to broaden the revenue base of Shankou New Energy and Shankou Holdings, strengthening their long-term competitiveness and improving profitability [2]

智通财经APP讯，山高控股(00412)与山高新能源(01250)联合公布，于2025年12月16日，昭平山高(为山 高新能源的直接非全资附属公司及山高控股的间接非全资附属公司，作为发包人)与联合承包人(即中交 第一航务工程局、一航局西南工程及中电建河南)订立EPC合同，据此，昭平山高同意委聘联合承包人 就项目提供相关EPC服务，合同总价为人民币6.75亿元(暂定，含税)(可在国家税务政策更改时调整)。 山高新能源集团始终积极且深度地融入国家战略规划布局以及山东高速集团所构建的多元发展生态体 系。山高控股集团持续看好中国经济向好发展，积极融入清洁能源领域的新发展格局，并积极推进中国 政府根据2030年实现二氧化碳排放峰值、2060年实现碳中和的"十四五"规划大力支持的此领域项目。通 过在全国各地不断拓展清洁能源市场，本项目的投资、建设与运营将进一步提升山高新能源集团及山高 控股集团于广西壮族自治区市场的战略布局、业务领域及足迹。此举不仅有助于山高新能源集团及山高 控股集团实现新能源领域多元化业务组合的持续发展，亦将于未来拓宽山高新能源集团及山高控股集团 的收益基础，强化山高新能源集团及山高控股集团的长期竞争力 ...

来源：新浪证券-红岸工作室 12月16日，龙源电力跌0.98%，成交额8053.84万元，换手率0.11%，总市值1260.66亿元。 异动分析 绿色电力+抽水蓄能+新疆振兴+风电 1、龙源电力集团股份有限公司的主营业务是风力、光伏发电。公司的主要产品是电力、热力。 风力、 光伏发电。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-884.15万，占比0.11%，行业排名59/102，连续2日被主力资金减仓；所属行业主力净流 入-15.41亿，连续2日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-884.15万-400.15万-491.59万-880.15万-2442.57万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额2917.33万，占总成交额的7.51%。 技术面：筹码平均交易成本为16.69元 该股筹码平均交易成本为16.69元，近期该股有吸筹现象，但吸筹力度不强；目前股价靠近支撑位 14.97，注意支撑位处反弹，若跌破支撑位则可能会开启一波下跌行情。 2、龙源电力与黑龙江省铁力市人民政府签订353万千瓦新能源发 ...

Group 1: Green Development Initiatives - The first "grass-light complementary" pilot project in China's desert grassland is taking shape in Inner Mongolia, focusing on ecological priority and green development [1] - Agricultural Development Bank of China approved a credit limit of 800 million yuan for the project, with 88 million yuan already disbursed, expecting an annual power generation of 85 million kWh, saving approximately 30,000 tons of standard coal and reducing CO2 emissions by about 90,000 tons [1] - By the end of Q3 this year, the balance of green loans in Baotou reached 42.901 billion yuan, a year-on-year increase of 15.71% [1] Group 2: Steel Industry Transformation - The steel industry is a pillar of Baotou's economy, and promoting its green transformation is crucial for high-quality economic development [2] - The People's Bank of China in Baotou is guiding financial resources to support the construction of a 2 million-ton CCUS carbon-neutral circular economy demonstration project, providing long-term and stable funding [2] - The project has received an initial credit of 180 million yuan, which was later increased to 394 million yuan, with 348 million yuan already utilized [2] Group 3: Innovative Financial Solutions - Due to year-end electricity payment pressures, the People's Bank of China in Baotou is promoting a "carbon evaluation + finance" business model to alleviate financial pressure on manufacturing enterprises [3] - This model allows financial institutions to assess electricity usage and operational data, integrating carbon capability evaluation into credit standards, facilitating a new financing channel [3] - A loan of 10 million yuan was issued to a manufacturing enterprise within two working days, with a 25 basis point reduction in interest rates, providing effective support for year-end electricity payments [3] Group 4: Silicon Photovoltaic Industry Support - The silicon photovoltaic industry is facing cyclical adjustments, and the People's Bank of China in Baotou is encouraging financial innovation to support low-carbon transitions [4] - A local silicon enterprise obtained the first domestic carbon verification certificate linked to green electricity, effectively offsetting 320,000 tons of carbon emissions and reducing carbon tariffs by nearly 10 million yuan [4] - A carbon footprint-linked loan of 260 million yuan was successfully issued, incentivizing the enterprise to enhance its green transformation efforts [4] Group 5: Grassland Ecological Financing - Baotou's Damao Banner has been approved as the first national pilot for the "grass ticket" system, aimed at establishing an ecological product value realization mechanism [5] - The People's Bank of China in Baotou, in collaboration with the local forestry and grassland bureau, issued a plan to support the "grass ticket" pilot, facilitating financial resources for ecological construction [5] - The Industrial and Commercial Bank of China issued 1.2 million yuan in production loans using "grass tickets" as collateral, marking the successful launch of the first batch of "grass ticket loans" [5]

Group 1: Policy Developments - The Central Economic Work Conference emphasized the "dual carbon" goals as a leading task, highlighting the importance of top-level design in energy transition [2] - The conference proposed the formulation of an Energy Powerhouse Construction Plan, aiming to enhance energy self-sufficiency and establish a new energy system that supports green development [2] - The Ministry of Industry and Information Technology and the People's Bank of China issued a notice to support the construction of green factories, focusing on low-carbon technology investments [3] Group 2: Industry Initiatives - The National Energy Administration released a management method for data security in the energy sector, establishing a classification system for energy data and requiring annual risk assessments for important data [4] - Sichuan Province is promoting green electricity direct connection projects, mandating that self-generated renewable energy must account for at least 60% of total available power generation [5] - China Green Development showcased lithium-ion capacitors that provide high reliability for power system frequency modulation, addressing key challenges in renewable energy integration [6] Group 3: Corporate Actions - Panasonic has established 14 "zero carbon factories" across China, focusing on reducing carbon emissions in manufacturing processes, which enhances its competitiveness in the global market [7]

Core Viewpoint - The company focuses on energy and power, developing a dual-wing strategy with intelligent cable networks, smart batteries, and smart airports, showing positive trends in all business segments and potential for new growth drivers from new layouts [1][2]. Group 1: Financial Performance - In the first three quarters of 2025, the company's net profit attributable to shareholders reached 168 million yuan, marking a turnaround from losses year-on-year [2]. - From January to October 2025, the company secured contracts worth over 2.14 billion yuan, a year-on-year increase of 4.5%, setting a historical record [2]. - The company's revenue from artificial intelligence, computing power, and robotics in emerging markets reached 713 million yuan, reflecting a year-on-year growth of 139.52% [2]. Group 2: Business Segments - Intelligent Cable Networks: The company is a leader in the global cable industry, benefiting from the stable growth driven by green low-carbon and industrial intelligence developments, with the cable market expected to grow at a compound annual growth rate of 4.7% to reach 1.7859 trillion yuan by 2030 [3]. - Smart Batteries: The domestic energy storage market is experiencing rapid growth, with new installations reaching 35.8 GW in the first ten months of 2025, a year-on-year increase of 36% [4]. - Smart Airports: The company holds a rare first-class qualification in airport engineering, benefiting from the development of the low-altitude economy, with a net profit increase of 48% year-on-year in the first three quarters of 2025 [4]. Group 3: Future Outlook - The company is expected to achieve revenues of 29.2 billion yuan, 33.8 billion yuan, and 37.6 billion yuan from 2025 to 2027, with year-on-year growth rates of 12%, 16%, and 11% respectively [5]. - The net profit attributable to shareholders is projected to be 295 million yuan, 725 million yuan, and 1.158 billion yuan for the same period, with significant growth rates in 2026 and 2027 [5].

山海连城，绿意盎然。作为国家首批低碳试点、碳排放权交易试点、碳达峰试点城市，深圳一直 是全国绿色转型发展的"优等生"。 绿色发展离不开金融活水的滋养，绿色金融作为金融"五篇大 文章"之一，在助力深圳这座城市"时时皆绿"中积极有为。 据悉，截至今年11月末，中国银行深圳市分行绿色贷款余额突破2 0 0 0亿元，持续领跑深圳市 场。"十四五"期间，该行绿色债券累计承销量超3 3 0亿元，服务绿色企业超7 0 0家，绿色债券 承销市场份额稳居深圳市场首位，绿色金融向高质量发展迈进。 这家分行不仅是绿色金融业务创新的"先行者"，更是绿色金融规模增长的"领跑者"。 赋能发展，成为绿色金融服务首选银行 国 家 " 十 五 五 " 规 划 建 议 提 出 ， 加 快 经 济 社 会 发 展 全 面 绿 色 转 型 ， 建 设 美 丽 中 国 ； 广 东 " 十 五 五"规划建议也明确了稳步推进碳达峰碳中和、推动发展方式绿色转型等方向。推动发展方式 绿色转型，中国银行深圳市分行已形成一批可复制、可推广的案例，成为"绿色金融服务首选 银行"。 位于深圳大梅沙的碳中和实验园区"生物圈三号"，这个建筑面积1 2万平方米的园区正在进 ...

Group 1 - The core viewpoint is that China's capital market has emerged from a downturn and is on a path to high-quality development, driven by the recognition of "Chinese-style long-termism" by global investors [2][8] - The stability and continuity of Chinese policies are fundamental to creating a healthy and sustainable capital market ecosystem, contrasting with the short-term focus of Western political dynamics [2][4] - The "long-termism" is reflected in the continuity of goals across five-year plans, with each plan building on the previous one, leading to a coherent strategy towards the grand vision of a modern socialist country by 2049 [3][8] Group 2 - The governance capability of China is demonstrated through the adaptability and operability of policies that align with current stage characteristics, addressing core contradictions and enhancing national governance [4][5] - China's early recognition of potential global economic challenges, as indicated in previous five-year plans, has allowed for proactive policy responses, showcasing resilience in the face of external shocks [6][7] - "Long-termism" is identified as the fundamental reason behind the sustainability of the "China miracle," emphasizing the importance of policy continuity and consensus in achieving long-term goals [8]

Core Viewpoint - The lithium battery industry is entering a new cyclical growth phase in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological iterations, leading to a "spiral rise" in both volume and price [3]. Group 1: Market Forecast and Demand - By 2025, global lithium battery production is expected to reach 2250 GWh, with a growth rate of 30% in 2026. The energy storage sector is projected to grow even faster at 48.3%, driven by both domestic and international demand [5]. - There is a significant supply gap in battery cells and various materials, necessitating a focus on ensuring a stable and efficient supply chain to capitalize on this growth opportunity [5]. Group 2: Conference Overview - The 2026 Lithium Key Materials and Applications Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The conference will focus on three core topics: 1. In-depth discussions on cutting-edge technologies and market supply-demand dynamics [5]. 2. Announcement and award ceremony for the "Top Ten Lithium Material Brands of 2025," evaluated based on shipment volume, market share, and customer reputation [6]. 3. B to B targeted procurement matching, involving top global battery companies and material suppliers to enhance resource matching and reduce procurement costs [7]. Group 3: Conference Agenda - The agenda includes various topics such as the analysis of lithium carbonate fundamentals and supply-demand outlook, advancements in solid-state battery key electrolyte materials, and the development of high-performance in-situ polymerized electrolytes [9][10]. - Discussions will also cover the development of lithium iron phosphate materials for large-capacity energy storage batteries and the impact of different technological routes on downstream application markets [10].