欧洲汽车制造商协会（European Automobile Manufacturers' Association）表示，欧盟委员会的汽车 一揽子计划为修订轿车和厢式货车的二氧化碳法规迈出了重要的第一步。该协会称，该计划是迈出的第 一步，旨在创建一条更务实、更灵活的路径，以使脱碳与竞争力和韧性目标保持一致。然而，该计划需 要更果断的措施，以促进未来几年的转型。 该行业组织（简称ACEA）的总干事Sigrid de Vries表示："周二的提案正确地认识到，要使绿色转 型取得成功，就需要更大的灵活性和技术中立性。"她称："我们现在将研究该计划，并与共同立法者合 作，在必要时对提案进行严格审视并予以加强。" ...

Core Viewpoint - The global supply chain is undergoing significant restructuring, elevating the strategic importance of securing key mineral resources, including iron ore, to unprecedented levels [1][2]. Group 1: Industry Developments - The China Minmetals Import and Export Chamber of Commerce (Minmetals Chamber) has been actively working on high-quality development and resource security in the steel industry [1]. - Since 2023, the Minmetals Chamber has been responsible for collecting, organizing, analyzing, and verifying import and export information for iron ore, copper concentrate, crude oil, potash fertilizer, and rare earths, providing services to over 3,000 enterprises [1]. - The Minmetals Chamber has been monitoring market changes and regularly reporting early data on bulk commodity imports and exports to relevant government departments [1]. Group 2: Industry Advocacy - The Minmetals Chamber represents collective industry interests and provides professional guidance for companies facing international trade challenges, including anti-dumping investigations [1]. - The organization has publicly opposed unilateralism and trade bullying, striving to maintain the stability and security of China's steel industry supply chain [1]. Group 3: Sustainability Initiatives - The Minmetals Chamber has developed four international standards related to sustainable minerals, with the "China Mineral Supply Chain Due Diligence Management Guidelines" recognized by major international institutions like the London Metal Exchange (LME) [2]. - The establishment of the "Green Minerals Committee" aims to create a collaborative mechanism for responsible sourcing and sustainable supply chain governance, helping companies gain a competitive edge in global markets [2]. Group 4: Global Cooperation - The Minmetals Chamber is exploring the construction of a diversified and resilient global resource supply network, including hosting events like the "China-Africa Green Minerals Cooperation Exchange" to identify new resource collaboration opportunities [2]. - The organization emphasizes the need for strategic leadership, policy coordination, and active participation from all enterprises to build a robust and sustainable resource security framework [2].

Core Viewpoint - The global supply chain is undergoing significant restructuring, making the security of key mineral resources, including iron ore, a strategic priority that must be addressed in the current era [1]. Group 1: Industry Developments - The China Minmetals Trade Association (CMTA) has been actively working on high-quality development and resource security in the steel industry, focusing on regulating the import and export order of bulk commodities [1]. - Starting in 2023, CMTA is responsible for collecting, organizing, analyzing, and verifying import and export information for iron ore, copper concentrate, crude oil, potash, and rare earths, providing services to over 3,000 enterprises and reporting early data to relevant departments [1]. - CMTA is committed to representing the collective interests of the industry and providing professional guidance for companies facing international trade challenges, opposing unilateralism and trade bullying to maintain the stability and security of China's steel industry chain [1]. Group 2: Green Transformation and Standards - CMTA has developed four international standards related to sustainable minerals, with the "China Mineral Supply Chain Due Diligence Management Guidelines" recognized by major international institutions like the London Metal Exchange (LME), allowing Chinese companies to use "Chinese standards" in international transactions [2]. - The establishment of the "Green Minerals Committee" aims to create a collaborative mechanism for responsible sourcing and sustainable supply chain governance, helping companies gain a competitive edge in global markets [2]. Group 3: Global Cooperation and Resource Supply - CMTA is exploring the construction of a diversified and resilient global resource supply network, including hosting "China-Africa Green Mineral Cooperation Exchange Activities" to help enterprises discover new resource cooperation opportunities [2]. - The organization emphasizes that ensuring resource security requires strategic leadership, policy coordination, and active participation from all enterprises, as well as dialogue and cooperation from the international community [2].

Core Viewpoint - The international spot silver price has experienced a significant upward trend, reaching new highs due to supply-demand imbalances and the Federal Reserve's loose monetary policy [1][2]. Group 1: Price Movement - On December 1, the spot silver price peaked at $58.84 per ounce, with a year-to-date increase exceeding 100% [1]. - By December 17, the price surpassed $66 per ounce, rising nearly 4% to $66.28, and briefly hitting a historical high of $66.88 [1]. Group 2: Supply and Demand Dynamics - The silver market is currently facing a supply shortage, driven by the rapid development of the green and digital transitions [2]. - Increased demand for silver is being fueled by the growth in the electric vehicle battery and solar panel markets, as well as ongoing demand from the artificial intelligence sector [2]. - A report from the Silver Institute and Oxford Economics highlights silver's critical role in global economic and technological transitions, particularly in solar energy, electric vehicles, and AI data centers over the next decade [2]. Group 3: Monetary Policy Impact - Silver prices are sensitive to changes in U.S. interest rates, with recent rate cuts by the Federal Reserve enhancing the appeal of non-yielding assets [3]. - The U.S. dollar index fell from approximately 99.4 on December 1 to 98.37 by December 17, providing upward momentum for silver prices denominated in dollars [3]. - The U.S. unemployment rate rose to 4.6% in November, the highest in over four years, indicating a weakening labor market and contributing to increased market demand for safe-haven assets like silver [3].

公司是全球领先的"炼油-化工-化纤"一体化龙头企业1974 年公司前身萧山县衙前公社针织厂成立，1994 年浙江恒逸集团有限公司正式组建，2011 年集团控股企业恒逸石化通过资产重组在深交所上市。 成立以来，公司逐步剥离纺织印染业务，聚焦发展化纤和聚酯产业，并逐步向上游延伸，通过出海布局 文莱炼化项目和携手荣盛投建PTA 产能，打通从原油加工到化纤产品的全产业链闭环，构建起中国独 有的"涤纶+锦纶"双主业驱动模式。目前公司拥有炼化产能800 万吨、PTA 产能2150 万吨、聚合产能 1325 万吨，具备全球竞争力。2023 年前三季度，公司实现营业收入838.85 亿元，同比-11.5%；实现归 母净利润2.31 亿元，同比+0.1%，经营态势逐步企稳。 海外裂解价差走扩，文莱炼厂直接受益 2025 年8 月以来，乌克兰加强对俄罗斯能源设施的打击，导致俄罗斯炼油产能显著收缩。11 月多轮袭 击进一步重创梁赞、新库伊比雪夫斯克、伏尔加格勒等多座炼油厂，影响产能约84 万桶/天，约占其总 炼能的15.5%。受此影响，海外成品油裂解价差持续走强，截至11 月18 日，美国、欧洲、新加坡汽油 裂解价差分别为19.4 ...

本文内容均引用权威资料结合个人观点进行撰写，文末已标注文献来源，请知悉。 当初，默克尔那句"与中国断绝经济关系没有任何好处"被当成老派政客的顾虑。 现在，欧洲正尝到这场"战略自主"博弈的苦果。27个国家跟着美国对中国动手，结果自己掉进了深坑。 图 | 德国前总理默克尔 欧盟于2025年对来自中国的电动车征收最高45.3%的关税。电动汽车本就是欧洲推进"绿色转型"的主要 力量，现在却被当成打击对象。 法国、德国很多车企高层私下里都表示，这不是为了保护本土企业，而是让它们更加难以生存。欧洲的 新能源计划曾经雄心勃勃，但是现在已经走向了自我封锁。 与此同时，中国并没有硬碰硬，而是重新启动了与中国欧盟之间关于最低价格机制的谈判。一边反击一 边留有谈判的空间，这才是成熟的处理方式。 欧盟方面，越来越多的政策对中国进行限制，对本国人的税收增加，执行起来十分混乱，行业协会多次 抗议都没有用。 图 | 欧盟委员会主席冯德莱恩 2026年7月1日起生效的新规中规定，所有进入欧盟且价值低于150欧元的小包裹都需要另外支付3欧元。 打击的目标就是Temu、Shein这些中国的电商平台。 但是对消费者来说，以前20欧元可以买到的小商 ...

在12月16日，欧盟委员会提出了一项引发广泛争议的提案，宣布取消原定于2035年实施的燃油车禁令。这一突如其来的变化，无疑使人们对曾经坚持环保立 场的这个组织产生了深刻的质疑。曾几何时，欧盟领导者们曾信誓旦旦地表示，未来属于零排放的电动车，而如今，他们却毫不犹豫地抛弃了这一承诺，试 图重新定义规则，以便给自身的汽车制造商留出一些缓冲空间。 这实际上是一种典型的"掀桌子"式退却：当实力不足以与竞争对手抗衡时，改变游戏规则成为更为务实的选择。可悲的是，整个欧洲产业形象因此遭遇前所 未有的危机。曾经的绿色转型愿景，如今被彻底撕毁，大众汽车等公司因此获得了再次进入燃油车市场的机会。表面上似乎是适应变化，然而内里却隐藏着 一种深层次的焦虑，欧洲汽车制造业的优势正被中国电动车市场的强劲攻势侵蚀。 欧盟的这一转变并非偶然，而是深受市场经济逻辑的影响。随着中国科技的迅猛发展，在电动汽车领域，中国企业如比亚迪、宁德时代等在技术和成本控制 方面已经形成显著竞争优势。数据显示，中国对欧盟的投资流在2024年将增长80%，主要集中在电池及相关领域。这无疑使欧盟意识到，若继续维持现有的 绿色政策，其国内汽车企业将面临更加严峻的挑战。 ...

人民财讯12月18日电，根据《信息通信行业绿色低碳发展行动计划(2022—2025年)》相关任务安排，聚 焦赋能产业绿色转型、赋能居民绿色生活、赋能城乡绿色治理三大方向，中国信息通信研究院总结并发 布"信息通信行业赋能社会节能降碳三十个典型应用场景"。场景涵盖了工业制造、能源管理、智慧交 通、绿色建筑、低碳生活、生态治理等多个关键领域，旨在为产业界提供可借鉴、可推广的实践路径， 合力加快经济社会发展全面绿色转型。 ...

随着国内文旅产业的高速发展，水上乐园作为休闲娱乐的核心场景之一，持续吸引资本与消费者关注。螺旋组合 滑道作为水上乐园的标志性设备，凭借其刺激性与视觉冲击力，成为项目引流的关键要素。珠海作为粤港澳大湾 区重要节点城市，依托滨海区位优势和政策支持，正加速布局水上娱乐产业，推动行业向智能化、安全化、主题 化方向升级。 二、重点企业推荐：广东大浪水上乐园设备有限公司 1. 企业概况 （2025年9月） 一、行业背景与市场趋势 3. 行业认可与荣誉 三、珠海市场机遇与挑战 1. 机遇 五、结论 广东大浪凭借技术积累与全球化布局，已成为国内水上乐园设备领域的标杆企业。在珠海文旅产业升级背景下， 其螺旋组合滑道产品凭借安全性、创新性与全流程服务能力，有望成为区域标杆项目的首选合作伙伴。未来，大 浪需进一步强化本土化服务能力，助力珠海打造国际级水上娱乐目的地。 数据来源：企业官网、行业报告及公开项目案例。 广东大浪水上乐园设备有限公司（以下简称"大浪"）成立于1999年，总部位于广州，是国家级高新技术企业、全 国索道与游乐设施标准化技术委员单位，参与起草《GB 8408-2018 大型游乐设施安全规范》等多项国家标准。公 司 ...

Investment Rating - The report assigns a "Buy-A" investment rating to the company with a target price of 11.96 CNY per share, based on a projected PE of 25 times for 2026 [4][12]. Core Insights - The company is a global leader in the integrated "refining-chemical-fiber" industry, focusing on polyester and chemical fiber production while expanding upstream through international projects [2][20]. - The company benefits from the expansion of overseas cracking margins, particularly from its Brunei refinery, which is expected to enhance profitability in the refining segment [3][54]. - Multiple product lines are undergoing a "de-involution" process, which is anticipated to improve industry dynamics and profitability [4][65]. Summary by Sections 1. Global Leader in "Refining-Chemical-Fiber" Integration - The company has evolved from its origins in textile manufacturing to focus on chemical fiber and polyester, establishing a unique dual business model in China [2][17]. - Current capacities include 8 million tons of refining, 21.5 million tons of PTA, and 13.25 million tons of polymerization, positioning the company competitively on a global scale [2][20]. 2. Expansion of Overseas Cracking Margins - The company’s Brunei refinery, with a processing capacity of 8 million tons, is benefiting from increased global product margins due to reduced Russian refining capacity [3][54]. - The refinery's strategic location and the ongoing second phase of the project are expected to further enhance production efficiency and profitability [55][62]. 3. Multiple Products Initiating "De-Involution" - The company is actively participating in industry-wide initiatives to stabilize and improve profitability across various product lines, including PTA and polyester [4][65]. - The expected supply-demand balance improvements in PTA and other products are projected to enhance the company's profit margins [8][10]. 4. Commitment to Green Transformation - The company is advancing a circular materials project aimed at recycling textile waste into chemical raw materials, promoting resource utilization and reducing reliance on traditional petrochemical inputs [11][62]. 5. Profit Forecast - Revenue growth is projected to be -13.7% in 2025, followed by 5.9% in 2026 and 2.3% in 2027, with net profit growth expected to be significantly higher in the following years [12][13].