王宏志介绍了中国能源转型成就，表示面对 复杂多变的国际局势，持续不断的地缘冲突，中国国家 能源局愿同 世界能源理事会 一道努力，携手应对全球性挑战，构建公平公正、开放包容的全球能 源治理体系新格局。 安吉拉 ·威尔金森 表示，中国的能源转型成就举世瞩目，为全球绿色低碳转型做出了积极贡献。 世 界能源理事会 愿同中方进一步加强交流合作，探索实现能源安全性、可及性和可持续性的更多途 径。 5 月 22 日，国家能源局 局长王宏志在京 会见 世界能源理事会（ WEC） 总干事安吉拉 ·威尔金 森。 双方围绕 推动全球能源转型、拓展双方合作等深入交换意见。 国家能源局规划司、国际 司负责 同志 一同参加会见 。 ...

Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 研究员： 卫立 从业资格：F3075802 交易咨询资格：Z0018108 联系方式：010-56711700 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 铜价保持震荡；LME 期铜涨 0.34%，收至 9519.5；沪铜主连跌 0.13%，收至 77820；COMEX 铜主连跌 0.1%，收至 4.6735。 【重要资讯】 1、美国 5 月标普全球服务业 PMI 初值为 52.3，预期 50.8；5 月标普全球制造业 PMI 初 值为 52.3，预期 50.1。美国 30 年期国债收益率升至 5.15%，续刷 2023 年 10 月以来最 高水平。据 CME"美联储观察"：美联储 6 月维持利率不变的概率为 94.6%，降息 25 | | --- | --- | --- | --- | | 有色与贵 | 铜 | 震 荡 偏 | 个基点的概率为 5.4%。美联储 7 月维持利率不变的概率为 73.1%，累计降息 25 个基点 的概率为 25.7%，累计降息 50 个基点的概率为 1.2%。(金十数 ...

证券代码：601865 股票简称：福莱特 公告编号：2025-036 转债代码：113059 转债简称：福莱转债 福莱特玻璃集团股份有限公司 问题 2：请问贵公司未来盈利增长的主要驱动因素有哪些？ 回复：尊敬的投资者，您好，我司坚信光伏行业将持续受益于全球能源转型， 因此将聚焦光伏玻璃产业的发展，感谢您对我司的关注！ 一、本次说明会召开情况 公司已于 2025 年 4 月 30 日通过指定信息披露媒体及上海证券交易所网站 （http://www.sse.com.cn）披露了《福莱特玻璃集团股份有限公司关于召开 2025 年第一季度业绩说明会的公告》（公告编号：2025-033）。2025 年 5 月 21 日，公 司董事长阮洪良先生、总裁阮泽云女士、财务负责人蒋纬界先生、独立董事徐攀 女士和董事会秘书成媛女士出席了本次说明会，针对公司 2025 年第一季度的经 营成果、财务状况的具体情况与投资者进行了交流和沟通，并就投资者普遍关注 的问题进行了回复。 二、本次说明会投资者提出的主要问题及公司回复情况 本次说明会上，公司就投资者提出的问题给予了回复，现将主要问题及回复 整理如下： 问题 1：请问贵公司本期财务报 ...

Core Viewpoint - CATL's H-shares debuted on the Hong Kong Stock Exchange with a significant premium over its A-shares, indicating a shift in market dynamics for Chinese companies listing in Hong Kong [2][3]. Group 1: Market Performance - On the first day of trading, CATL's H-shares opened over 12% higher and closed at 306.2 HKD per share, a 16.43% increase, with a trading volume exceeding 8.2 billion HKD [2]. - The closing price of CATL's A-shares was 263 RMB, resulting in a premium of approximately 7.4% for H-shares compared to A-shares, a rare occurrence in the Hong Kong market [2]. Group 2: Factors Influencing Premium - The premium of CATL's H-shares over A-shares is attributed to improved liquidity in the Hong Kong market, the scarcity of quality investment targets, and the structure of the share issuance [3][4]. - The average daily trading volume in the Hong Kong market surged to over 270 billion HKD in April, a 140% year-on-year increase, enhancing the financing efficiency for A-share companies listing in Hong Kong [3]. - CATL's IPO was oversubscribed by 15.17 times during the international placement phase, indicating strong demand and contributing to the liquidity premium on the listing day [4]. Group 3: Institutional Investment - A significant portion of CATL's shares is held by institutional investors, with only 7.5% of shares available for public offering, leading to a more stable investment environment [5]. - Institutional investors in the Hong Kong market focus on long-term value and fundamentals, reducing short-term speculative trading [5]. Group 4: Trends in A-H Share Pricing - Historically, A-shares have traded at a premium to H-shares, but this trend is changing, with the AH share premium index declining nearly 10% since 2025 [5][6]. - The narrowing of the price gap suggests a significant correction in H-share valuations relative to A-shares, particularly for large-cap companies [6]. - The positive performance of the Hong Kong market and increased liquidity are expected to attract more A-share companies to list in Hong Kong, especially in the renewable energy sector [6].

Group 1: Global Automotive Production Overview - In 2024, global automotive production is projected to reach 92.5 million units, with Africa contributing only 1.18 million units, accounting for 1.27% of the total production [1] - South Africa and Morocco dominate African automotive production, with South Africa producing 632,285 vehicles (50.9% market share) and Morocco producing 559,645 vehicles (45.5% market share) [1] - South Africa's automotive market is characterized by a mature ecosystem with 430 suppliers and component manufacturers, while Morocco has a growing presence with two major manufacturers [1][3] Group 2: South Africa's Automotive Industry - Approximately 62% of South Africa's automotive production is exported, primarily to Europe, with a goal to increase annual production to 1.4 million units by 2035 [2] - South Africa faces challenges such as ongoing electricity supply shortages affecting manufacturing and new U.S. tariffs impacting exports to the U.S. by about 30,000 vehicles annually [2] - The local production includes popular models like BMW X3, Mercedes-Benz C-Class, and Toyota Corolla, with Volkswagen leading local production at 167,084 units [1] Group 3: Morocco's Automotive Industry - Morocco has solidified its position as Africa's leading passenger car producer, with Renault Morocco achieving a record production of 413,614 vehicles in 2024, a significant increase from previous years [3][4] - The local automotive industry in Morocco boasts a high localization rate of 65.5%, with plans to increase it to 80% by 2030, supported by a network of 90 local partners [4] - Stellantis Morocco produced 111,000 vehicles in 2024, with a localization rate of 70%, and aims to enhance its local supply chain further [4]

万劲松在致辞中说，我国能源生产和消费持续增长，基础设施日益完善，"全国一张网"基本建成，天然气调配和应急能力显著增强。深地、深水、非常规资 源开发不断取得突破，有力带动天然气产量增长。当前，绿色低碳转型已成大势，他提出四点倡议：以国际民生为基础，提升保障能力；以生态优先推动绿 色发展；以数字化赋能能源体系；以多边合作完善治理机制。他说，要坚持开放合作、互利共赢，携手构建安全高效、清洁低碳的全球能源体系。 潘彦磊在致辞时表示，道达尔能源在保持传统油气市场优势的同时，积极参与全球能源转型，致力于2050年实现碳中和的目标。作为全球领先的综合能源企 业，道达尔将继续深化国际协作，推动构建多元清洁、安全可持续的能源未来。 FACTLII NUME III AN/ V 0 @ 7 C 49 qb e e ... 0 e WGC2025 BEIJING 19-23 MAY CNPC 中国石油 电脑思想 lilar IGU VENTURE GLOBAL PARTNER 9 北京燃气 d Allau Jack QatarEnergy T T 29th World Gas C support both the lGU and ...

Group 1: Pharmaceutical and Biotech Industry - The pharmaceutical and biotech sector showed an overall increase of 1.27% from May 12 to May 16, outperforming the CSI 300 index by 0.15 percentage points [6] - The sector's year-to-date increase is 2.48%, ranking 11th among 31 industries, with a valuation of 27.01 times PE, which is at a historically low level [6] - Notable sub-sectors include Traditional Chinese Medicine, Medical Services, and Chemical Pharmaceuticals, with respective increases of 1.73%, 1.45%, and 1.44% [6] - The report highlights the impact of a U.S. executive order aimed at reducing prescription drug prices, which may lead to a shift in pricing strategies among global pharmaceutical companies [7] - Investment opportunities are suggested in innovative drug chains, medical devices, Traditional Chinese Medicine, and healthcare services [7][8] Group 2: Mergers and Acquisitions - The China Securities Regulatory Commission (CSRC) revised the management measures for major asset restructuring, enhancing market vitality [10] - Since the introduction of the "Six Guidelines" for mergers and acquisitions, over 1,400 asset restructuring cases have been disclosed, with significant increases in both the number and value of major transactions [10][26] - The new rules include mechanisms for installment payments for shares, simplified review processes, and increased participation from private equity funds [11][12][26] Group 3: Economic Data and Observations - In April 2025, the total retail sales of consumer goods increased by 5.1% year-on-year, while fixed asset investment grew by 4.0% [15] - Industrial production showed resilience with a year-on-year increase of 6.1%, despite a slight decline from previous months [15][16] - The report indicates a stable investment environment in infrastructure and manufacturing, although real estate continues to be a drag on overall growth [15][18] Group 4: Food and Beverage Industry - The food and beverage sector saw a modest increase of 0.48%, underperforming the CSI 300 index by 0.64 percentage points [20] - The report emphasizes the ongoing adjustments in the liquor industry, with companies exploring new channels and product innovations to navigate the seasonal downturn [21] - Investment recommendations include high-end liquor brands and resilient food companies, particularly in the snack and dairy segments [24] Group 5: Energy Storage Industry - The global energy storage market is experiencing significant growth, with a cumulative installed capacity of 372 GW in 2024, representing a year-on-year increase of 28.6% [30] - The report highlights the increasing share of new energy storage technologies, which accounted for 44.5% of total installations [30] - Investment opportunities are identified in leading companies with strong risk management capabilities, particularly in emerging markets [34]

针对这些情况，印尼政府已经出台相关政策，包括加大对电池回收技术研发投入，致力于提高废旧电池 回收率和资源利用率等。同时，加强与其他国家和国际组织的合作，共同推动新能源电池材料产业的可 持续发展。 真正让印尼在新能源领域发展如虎添翼的是蓬勃发展的新能源汽车市场。根据产业规划，印尼希望到 2030年具备每年生产50万辆电动汽车的能力，使电动汽车在新车销售中的占比达到20%。为实现这一目 标，政府不仅为电动汽车制造商提供了税收减免和补贴等优惠政策，还积极鼓励国内企业投身电池及相 关零部件的生产。 印度尼西亚与新能源电池产业的缘分，是一场由自然资源、政策支持、市场需求、技术进步和国际合作 共同谱写的华丽乐章。从丰富的镍矿资源到政府的大力扶持，从蓬勃发展的新能源汽车市场到不断延伸 的产业链，印尼已经在新能源电池材料领域方面展现出强大的生命力，有望为全球能源转型和可持续发 展增添一抹新的色彩。 随着当地环保意识的提高和对可持续交通解决方案需求的增长，印尼新能源汽车产业正在以远超传统燃 油车的动能加速发展。数据显示，2024年1月份至8月份，印尼纯电动汽车销量超过2.3万辆，相当于上 年同期的2倍多，增长率相当惊人。不仅如 ...

Group 1: Industry Outlook - The lithium industry is expected to maintain growth due to global energy transformation and electrification trends, despite facing challenges such as technological iteration and resource competition [1] - The civil explosives industry will experience consolidation and technological advancements driven by policy integration, infrastructure investment, and mining demand [1] Group 2: Company Performance - The company reported a significant increase in lithium salt product sales for the fiscal year 2024, with stable orders from high-quality clients [2] - The net profit attributable to the parent company reached 257 million yuan, representing a year-on-year increase of 539.36% [2] Group 3: Future Growth Drivers - The company plans to leverage cost and efficiency advantages in the civil explosives sector and expand its operations in Africa and Australia to drive growth [2]

证券代码：300750 证券简称：宁德时代 宁德时代新能源科技股份有限公司 投 资者关 系活 动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ■其他（2025 年福建辖区上市公司投资者网上集体接待 日） 参 与单位 名称 及人员姓名 社会公众、投资者等 时间 2025 年 5 月 14 日 地点 全景网"投资者关系互动平台"（https://ir.p5w.net） 上 市公司 接待 人员姓名 董事会秘书兼副总经理 蒋理 投 资者关 系活 动 主要内 容介 绍 1、固态电池的进度是否有更新？下一代电池是固态电 池吗？ 公司在全固态电池上持续坚定投入，技术处于行业领 先水平，2027 年有望实现小批量生产。 2、宁德时代 2023 年与商飞成立合资公司经过近两年的 合作民用电动载人飞机进展如何？ 公司凝聚态电池能量密度最高可达 500Wh/kg，正在推 进民用电动载人飞机项目的合作开发，执行航空级的标准 与测试，满足航空级的安全与质量要求。 3、请问宁德时代港股上市成功，对公司 2025 年收益预 1 | | 计会产生什么影响？ | | --- | --- | ...