Core Viewpoint - Longi Green Energy has reported a decline in photovoltaic product prices since May 2025, attributing this to the end of the domestic photovoltaic rush and changes in terminal demand, with prices stabilizing at previous low levels [1] Group 1: Photovoltaic Market Dynamics - The company acknowledges that the photovoltaic market demand was in a relatively off-season from January to February 2025, leading to prices falling below production costs, which significantly impacted the gross margin in Q1 2025 [1] - Longi Green Energy has implemented a strict production model based on sales, adjusting component production schedules according to market demand and order situations, maintaining controllable overall inventory [1] Group 2: HPBC2.0 Product Development - The HPBC2.0 product has seen increased customer recognition globally, with cumulative orders significantly rising since the beginning of the year, over 50% of which are from overseas clients [2] - The production cost of HPBC2.0 components is currently slightly higher than that of TOPCon products, but it is expected to be comparable by the end of 2025 [2] - The yield rate for the currently operational HPBC2.0 battery production lines is around 97% [2] - Longi Green Energy aims to achieve a production capacity of 50GW for HPBC2.0 batteries and components by the end of 2025, with about 50% of the new capacity coming from the transformation of existing production lines [2] Group 3: Market Distribution and Strategy - In 2024, Longi Green Energy's component shipment distribution aligns with global market demand, with China accounting for approximately 55% of the company's external sales, while overseas markets are primarily in Asia (21%) and Europe (16%) [3] - The company’s 5GW component joint venture factory in the U.S. has reached full production, and the lower anti-dumping tariffs in Malaysia compared to other Southeast Asian markets allow continued exports to the U.S. without adjusting shipment targets [3] - Longi Green Energy maintains a cautious approach to capacity expansion amid ongoing industry transformations and currently has no plans to expand overseas production capacity [3] Group 4: Hydrogen Energy Business - The hydrogen energy sector is still in its early stages, with large-scale terminal demand expected to take time to develop, but the long-term growth logic remains unchanged under the carbon neutrality context [4] - The company is focusing on research and innovation in hydrogen technology, aiming to enhance the performance of hydrogen equipment products and expand its global market presence [4] - Since 2025, Longi Green Energy has secured electrolyzer orders from domestic and international clients, gradually building its brand influence in the global market [4]

Core Viewpoint - The Beijing Urban Sub-center Green Heart Park has received a carbon neutrality certification from TÜV Rheinland, marking it as the first net-zero emissions certification in China's power industry since the release of the international standard ISO 14068, showcasing the company's commitment to climate responsibility [1][5]. Group 1: Project Overview - The Green Heart Park project is a collaboration between State Grid Beijing Electric Power Company and Beijing Urban Sub-center Investment Construction Group, focusing on achieving 100% green electricity supply and utilizing geothermal heat pumps for cooling and heating [1][3]. - The park covers an area of approximately 11.2 square kilometers and serves as a significant part of Beijing's green space, becoming a leading demonstration area for low-carbon transformation [3]. Group 2: Energy Supply and Consumption - The project aims to create an energy consumption structure primarily based on electricity, implementing a strategy of "introducing green energy + digital empowerment + efficiency improvement + carbon aggregation" to support green energy use and zero-carbon operation [3]. - The energy supply side utilizes local geothermal heat pumps and distributed photovoltaics, along with long-term agreements for green electricity from Shanxi and Inner Mongolia, achieving 100% clean energy supply [3][4]. Group 3: Carbon Reduction Goals - By 2025, the park is expected to reduce carbon emissions by 11,556 tons through electric energy substitution, with local distributed photovoltaics and external green electricity contributing to a reduction of 30,382 tons in the power sector [4]. - The combination of tree carbon sinks is projected to achieve a net negative carbon emission of 957 tons annually [4]. Group 4: Technological Innovations - The park has established a Green Heart Energy Management System for real-time monitoring and remote control of energy facilities, maximizing the use of renewable energy [4]. - State Grid Beijing Electric Power Company has developed a City Intelligent Energy Management System (CIEMS) to integrate and analyze energy and carbon emission data across the park, buildings, and equipment, aiding users in energy conservation and carbon reduction [4].

Core Viewpoint - The "Beautiful China, I am an Action Taker" initiative aims to promote low-carbon behavior among the public, leveraging digital platforms to encourage sustainable living and contribute to carbon peak and carbon neutrality goals [1][3]. Group 1: Initiative Overview - The initiative is launched by the Ministry of Ecology and Environment and focuses on integrating low-carbon habits into daily life across various scenarios such as clothing, food, housing, transportation, and usage [1]. - The program utilizes digital platforms and carbon behavior quantification to guide the public in adopting green low-carbon lifestyles [1][3]. Group 2: Participation Mechanism - Users can access the initiative through the Gaode Map app, which features a personal points account, check-in calendar, leaderboards, and daily task reminders to enhance low-carbon travel awareness [2]. - The initiative includes not only conventional low-carbon travel methods like cycling and public transport but also low-carbon driving routes and electric vehicle options [2]. Group 3: Collaborative Efforts - Gaode Map, along with other platforms like Ele.me and Alipay, has launched dedicated entry points for the initiative, promoting a collective call for public participation in low-carbon behavior [3]. - The initiative signifies a new phase in building a green low-carbon lifestyle across society, with digital tracking and incentives quantifying individual low-carbon actions within the social emission reduction framework [3].

证券代码：600792 证券简称：云煤能源 公告编号：2025-030 关于 2024 年度暨 2025 年第一季度业绩说明会 召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 云南煤业能源股份有限公司（以下简称公司）于 2025 年 6 月 5 日（星期四） http://roadshow.sseinfo.com/）以网络互动方式召开了 2024 年度暨 2025 年第 一季度业绩说明会。 露了《云南煤业能源股份有限公司关于召开 2024 年度暨 2025 年第一季度业绩说 明会的公告》 （具体内容详见临时公告：2025-029），现将本次业绩说明会的召开 情况公告如下： 一、业绩说明会的基本情况 长、总经理张国庆先生，董事会秘书、财务总监戚昆琼女士，独立董事杨勇先生 出席了本次业绩说明会，公司就 2024 年度及 2025 年第一季度经营成果、财务状 况等投资者关心的问题与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 云南煤业能源股份有限公司 回复：尊敬的投资者，您好!公 ...

6月5日是世界环境日。全球气候变化已经成为一个不容忽视的问题，大力发展清洁能源，推动经济 社会绿色低碳转型，已经成为国际社会应对全球气候变化的普遍共识。在2020年气候雄心峰会上， 习近平主席宣布，到2030年中国风电、太阳能发电总装机容量将达到12亿千瓦以上。这一目标， 在去年已提前6年实现。中国大地上，风光无限好。 去年年底，我国西北地区海拔最高的风电场——乌恰风电场在新疆全容量并网发电。乌恰风电场坐 落于帕米尔高原，是我国最西端的风电场，也是我国在高海拔山地风能开发上取得的新突破。全年 可发电约5.4亿度，减排二氧化碳45万吨。截至今年一季度，全国风电装机5.35亿千瓦，太阳能发 电装机9.46亿千瓦，风电光伏发电合计装机达到14.82亿千瓦，历史性超过全口径的火电装机，今 后也将成为常态。不仅如此，在世界能源结构转型与应对全球气候变化进程中，近年来，我国为全 球提供了70%的光伏组件和60%的风电装备，仅2023年出口的风电光伏产品就助力其他国家减排 二氧化碳约8.1亿吨。 国务院发展研究中心资源与环境政策研究所副所长常纪文："党的十八大以来，我们把风力发电、 光伏发电装机和污染防治和绿色发展有机结合 ...

Group 1 - The Supreme Court's annual report indicates that in 2024, courts adjudicated 219,000 environmental resource cases, including 26,000 criminal cases related to environmental pollution and ecological damage [1][2] - The report emphasizes the enforcement of environmental protection laws, with over 4,900 cases related to pollution adjudicated, supporting the ongoing battle against pollution [2] - The establishment of specialized environmental resource courts has increased, with 2,424 such courts set up nationwide, employing over 16,000 judges and judicial assistants [3] Group 2 - The report highlights the judicial efforts to support the "dual carbon" goals, including the establishment of a climate change judicial response research center [2][3] - It details the judicial handling of ecological damage compensation, with 246 cases adjudicated and a total compensation amounting to 9.6 billion yuan, reflecting a year-on-year increase of 87.5% [1] - The Supreme Court is actively involved in legislative support for ecological environment laws and has published numerous typical cases to guide judicial practices [3]

2025年是"十四五"的收官之年，也是备战"十五五"的关键之年，诸多约束性指标的冲刺、考核与下一步工作的谋划、筹备在同步进行。作为"十四五"阶段出 台的重大战略决策、被视为广泛而深刻的经济社会系统性变革的"碳达峰碳中和"工作也将在今年迎来阶段性"大考"。其中，占全国碳排放总量约40%的最大 排放源——电力部门的降碳、减排情况备受关注。 6月5日，上海国际问题研究院"能源低碳发展"项目课题组与国际环保机构绿色和平发布《当"风光狂奔"遇上"煤电惯性"：电力部门碳达峰倒计时》报告， 对"十四五"以来中国电力部门低碳转型态势进行了回顾分析，并就"十五五"全国碳达峰攻坚战中电力部门的进一步转型提出了相关建议。 虽然新能源受限于波动性、电网接纳等问题，在发电方面的表现逊色于装机增速，但近期的步伐也同样在加快。2024年，我国可再生能源新增发电量约占全 社会新增用电量的86.44%，其中风电、太阳能合计新增发电量贡献了约56.8%的全社会新增用电需求。而且，根据国家能源局的统计，这一占比仍在进一步 提升，今年一季度，风电、太阳能的新增发电量已经超过了全社会的新增用电量。 电力部门碳排放有望在今年实现达峰 电力部门的低碳转型 ...

势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 重要会议： 2025势银（银川）长时储能产业大会（7月2日-3日，宁夏·银川） 点此报名 添加文末微信，加 绿氢 群 中国可持续航空燃料（SAF）行业正通过推进试点政策、完善标准体系以及产业生态协同，实现快速发展。中航油自去年启动SAF加注计划：第一阶 段（2024年9月-12月），国航、东航、南航从北京大兴、成都双流、郑州新郑、宁波栎社机场起飞的12个航班常态化加注SAF，加注量约0.4万吨。第 二阶段（2025年3月19日-6月30日），上述四个机场所有国内航班均加注掺混1%的SAF混合燃料，预计加注量达0.8万吨。第三阶段（7月起）扩展至 全国8个机场，预计加注量约3万吨。 从"示范航班"到"常态化加注"的跨越显著拉动中国SAF产业发展。据势银（TrendBank）统计，截止2025年3月31日，中国SAF项目已累计达64项（含 签约、规划、在建和建成项目），潜在产能合计达994万吨/年。 SAF潜在产能主要集中在广东、江苏、河南、四川 ...

Core Insights - The rapid growth of the electric vehicle (EV) industry has led to an explosive increase in charging stations, with charging modules being a critical component of this infrastructure [1] - Shenzhen Youyou Green Energy Co., Ltd. (Youyou Green Energy) has officially listed on the Shenzhen Stock Exchange's ChiNext, potentially leading to a revaluation of its market value as a leading supplier of charging modules in China [1] Group 1: Technology and Market Position - Youyou Green Energy focuses on the research and production of core components for DC charging equipment, offering charging modules with power levels ranging from 15kW to 40kW, which are used in DC charging stations [2] - The company adheres to a "high power, high efficiency, high reliability" technology strategy, achieving a conversion efficiency of 96% for its 40kW charging module and a power density of 60W/in³, positioning itself as a leader in the industry [2] - As of December 31, 2023, Youyou Green Energy holds a 10.58% market share in the domestic charging module market, collaborating with major clients such as Wanbang Digital and NIO, creating a dual-driven cycle of "technology-market" [2] Group 2: Financial Performance and Growth - Financial data indicates that Youyou Green Energy's revenue is projected to grow from 988 million yuan in 2022 to 1.497 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 23.12% [3] - Although net profit is expected to slightly decline to 256 million yuan in 2024 due to fluctuations in overseas markets, the company has accumulated over 700 million yuan in net profit over three years, demonstrating stable profitability [3] - The company has seen a significant increase in domestic sales, which has become the main driver of revenue growth, while adjusting its strategy to maintain resilience against external sales challenges [3] Group 3: Market Outlook and Strategic Initiatives - The global push for carbon neutrality is driving increased demand for electric vehicles and charging stations, indicating a promising outlook for the charging module market [3] - Youyou Green Energy is exploring emerging fields, with its Vehicle-to-Grid (V2G) products already in small-scale application [3] - The company plans to raise funds to establish an automated production base and research center to consolidate its competitive advantages, while also implementing various strategies to mitigate risks [3]

清晨的兰州水生态科普公园，绿草茵茵、鸟语花香，不少市民在这里晨练、散步。这座公园与黄河仅一 条路之隔，而在其地下，还"藏着"一座全地埋式污水处理厂——兰州七里河安宁污水处理厂。 "我们着眼于服务黄河流域环境基础设施建设，融资支持七里河安宁污水处理厂改扩建项目。"国家开发 银行甘肃分行客户三处客户经理常振文向《金融时报》记者介绍说，这座污水处理厂采用"活性污泥法 +膜生物反应器"处理工艺，经过处理后排入黄河的尾水水质可达到《城镇污水处理厂污染物排放标 准》的一级A标准。 目前，七里河安宁污水处理厂已完成改扩建并投入运营，下一步，还可向黄河兰州段南北两岸的皋兰山 和白塔山绿化工程提供再生水，替换原来从黄河干流以及支流调蓄水库中调取的水，做到变废为宝、节 水增绿，有力服务黄河流域生态保护和高质量发展。 国开行以"沙戈荒"新能源基地为重点，大力支持新型绿色低碳能源基地建设。同时，为清洁能源发展、 新型储能技术创新、充电基础设施建设等提供中长期融资支持，助力优化能源结构，保障国家能源安 全。 在新疆，国开行新疆分行以"前期贷款+中长期贷款"产品组合，支持华电木垒二氧化碳压缩空气储能综 合能源示范项目稳步推进。该项目新建 ...