Core Viewpoint - Viyie Group has experienced a significant decline in revenue in the first half of the year, primarily due to reduced income from construction services, while maintaining a slight increase in net profit through cost control measures [3][4]. Company Overview - Viyie Group, established in 1994 and controlled by Zhuhai State-owned Huafa Group, is a publicly listed company in A-shares, recognized as one of China's top 100 construction decoration enterprises and a top 500 enterprise in Shenzhen [2]. Half-Year Performance and Revenue Decline - The company reported a revenue of 4.008 billion yuan in the first half of the year, a year-on-year decrease of 47.81%, while the net profit attributable to shareholders was 10.4334 million yuan, an increase of 5.38%, with basic earnings per share at 0.05 yuan [3]. Cost Control and Profitability Improvement - Viyie Group has enhanced its cost management through refined project management and efficiency improvements, resulting in a year-on-year increase in gross profit margin. The company plans to continue refining its cost control system to further enhance project management and profitability [4]. Participation in Low-altitude Economy - The company's wholly-owned subsidiary, Jiantai Construction, is involved in the construction of the Zhuhai Airshow Center, although its revenue from low-altitude economy-related construction services is currently minimal [5]. Accounts Receivable Collection Measures - Due to the nature of the construction industry, accounts receivable constitute a significant portion of the company's assets. Viyie Group manages risks through customer credit management and has established a dynamic monitoring and warning system to prevent performance risks, along with a special collection team for overdue accounts [6]. Development in Photovoltaic and New Business Areas - Jiantai Construction has won a bid for a distributed photovoltaic power generation project in Zhuhai, focusing on photovoltaic construction services, which currently contribute a small portion of revenue. The company has also made progress in high-end manufacturing and smart park construction, including a project for Jingwang Electronics and a bid for the land-based control center of the Yangjiang Fan Stone offshore wind farm, supporting energy conservation and emission reduction [7].

| 编号：2025-002 | | --- | 证券代码：300621 证券简称：维业股份 维业建设集团股份有限公司 投资者关系活动记录表 | | 特定对象调研 | 分析师会议 ☐ | | --- | --- | --- | | 投资者关系 | 媒体采访 ☐ | 业绩说明会 ☐ | | 活动类别 | | | | | 新闻发布会 ☐ | 路演活动 ☐ | | | 其他（请文字说明其他活动内容） ☐ | | | 参与单位名称 | 湘财证券：李军辉 | | | | 小忠资本：梁 幸 | | | 及人员姓名 | 恒江基金：周泽翊等 | | | 时间 | 2025年9月10日 | | | 地点 | 维业股份二楼 228 | 会议室 | | 上市公司接待 人员姓名 | 副总裁兼董事会秘书 詹峰 | 沈茜、证券事务代表 | | | 1.简要介绍维业股份情况 | | | | 维业建设集团股份有限公司（以下简称"公司""维业股份"）成立于1994 | | | | 年，是珠海国有企业华发集团控股的A股上市公司。公司是国家高新技术企业、 | | | | 深圳500强企业、深圳老字号、深圳知名品牌。已连续21年入选中国建筑装饰"百 ...

Core Viewpoint - The company, Zhejiang Shun'an Artificial Environment Co., Ltd. (Shun'an Environment), plans to invest approximately 5 billion yuan in the construction of the "Shun'an Environment Intelligent Manufacturing Headquarters Base" to enhance its production capacity and competitiveness in the refrigeration and new energy vehicle thermal management sectors [1]. Group 1: Investment and Project Details - The project aims to establish a research, manufacturing, and sales base for core components in refrigeration and new energy vehicle thermal management, with a total investment of about 5 billion yuan, to be invested in phases according to implementation progress [1]. - The company intends to leverage market opportunities and expand capacity to respond more quickly to customer demands, thereby enhancing product competitiveness [1]. Group 2: Market Outlook and Industry Position - The refrigeration and new energy vehicle thermal management markets are experiencing significant growth, driven by increasing domestic demand and stringent energy-saving and environmental protection policies [1]. - As a leading enterprise in the global refrigeration component industry, the company maintains a competitive edge and is optimizing its business structure while expanding its market share in overseas markets [1]. Group 3: Technological Advancements and Smart Manufacturing - The company has invested nearly 200 million yuan in the first half of 2025 in various high-end automation equipment and information systems to promote the integration of automation and information technology [2]. - The construction of the "Intelligent Manufacturing Headquarters Base" is a key initiative for the company to strengthen its smart manufacturing capabilities and achieve a more integrated production operation [2]. Group 4: Collaboration and Regional Development - The company has signed a cooperation agreement with the management committee of the Zhuji Economic Development Zone, which promises to provide a favorable investment environment and quality services [3]. - The project's implementation is expected to enhance the investment attractiveness and business environment of Zhuji City, facilitating the development of a complete refrigeration and new energy industry chain [3].

Core Viewpoint - The future cooperation path for the environmental protection industry is emphasized as "going out and bringing in," focusing on technology, equipment materials, and talent [1] Group 1: International Cooperation - The Chinese environmental protection industry has developed the capability to "go out" with advanced technologies and materials, particularly in the context of the "dual carbon" strategy [1] - The industry aims to strengthen international cooperation to share advanced technologies and materials for pollution reduction and carbon neutrality globally [1] Group 2: Technological Advancements - China leads in nuclear power technology globally and has advanced photovoltaic and wind power technologies that are both cost-effective and energy-saving [1] - The country possesses a strong reserve of technology and talent, providing a competitive advantage for international collaboration [1] Group 3: Global Consensus - The reduction of pollution and carbon emissions, as well as addressing climate change, is recognized as a global consensus rather than the responsibility of a single country or region [1] - There is a call for coordinated sharing of global technologies to accelerate innovation in energy-saving and emission reduction [1]

"我们有信心在大的能源转型过程当中做排头，争第一。"马永生说。 （中国石油化工集团有限公司原董事长、党组书记，第十四届全国政协委员马永生在第四届生态环保产 业服务"双碳"战略院士论坛发言） 登录新浪财经APP 搜索【信披】查看更多考评等级 9月11日消息，2025年中国国际服务贸易交易会正在进行中，在服贸会主论坛之一的第四届生态环保产 业服务"双碳"战略院士论坛上，中国石油化工集团有限公司原董事长、党组书记，第十四届全国政协委 员马永生在发言中表示，从气候变化应对来看形势不容乐观，按照当前发展趋势，能源燃烧相关碳排放 预计在2030年达到356亿吨二氧化碳，要实现《巴黎协定》设定的温控目标，特别是1.5度目标面临巨大 挑战。 马永生指出，我国能源消费预计在"十五五"增幅将较"十四五"减半，年均增速将从4%回落到2%。但值 得关注的是能源消费总量与碳排放总量开始出现分化趋势。能源活动相关的二氧化碳排放总量正在进入 平台期，预计将在"十五五"中期达峰，峰值规模在108亿~112亿吨，较2024年高出了2亿~6亿吨。造成了 能源消费与碳排放分化的原因主要是化石能源，特别是煤炭、石油与非化石能源的此消彼涨，还有石油 ...

Core Insights - The core viewpoint of the news is the launch of the "Bamboo Alcohol Integrated Project" by Ruihengmao Group, which aims to address the supply and certification challenges in the green methanol industry, positioning it as a highly valuable investment opportunity in the green fuel sector [1][2]. Industry Overview - The global demand for green methanol is expected to grow exponentially, driven by the dual carbon strategy and the need for deep decarbonization in shipping and land transportation sectors. IRENA predicts that by 2050, the global green methanol market will exceed 250 million tons [1]. - As of August 2025, there are approximately 173 green methanol projects under construction in China, with a total planned capacity of 53.46 million tons per year. Currently, the existing capacity meets only 10% of market demand [2]. Company Strategy - Ruihengmao Group's project focuses on the cultivation of polyploid bamboo, which offers significant advantages in terms of yield and carbon sequestration. The bamboo can be harvested for 20 years, yielding over 4 tons of dry matter per acre and sequestering 7-10 tons of carbon per acre [3]. - The project aims to create a closed-loop green zero-carbon economy by utilizing water resource recycling and organic waste to produce fertilizers, thereby ensuring low-cost raw material supply for bamboo cultivation [3][4]. Project Details - The integrated project plans to invest 1.1 billion yuan, with an annual sales target of 600 million yuan and a return on investment (ROI) of 30%. The project will not only generate revenue from green methanol but also from green dry ice and green steam, ensuring a more stable profit structure [5]. - The project has established a stable and compliant green raw material supply system through the cultivation of 60,000 acres of polyploid bamboo and ISCC certification [4]. Future Prospects - Ruihengmao Group plans to expand its operations by developing a biomass zero-carbon industrial park, which will include additional projects such as 100,000 tons/year of edible protein and 50,000 tons/year of taurine, alongside the cultivation of 500,000 acres of bamboo [6]. - The project is positioned to achieve "dynamic zero emissions" through carbon offsetting from bamboo cultivation, providing long-term benefits for investors by participating in a sustainable ecosystem [6].

Group 1 - The "Support for the Revitalization of Revolutionary Old Areas Project" was officially launched in Chongqing, focusing on deepening cooperation in infrastructure, industrial ecology, technological innovation, and revitalization of old areas, particularly in the southwest region [1] - Over 100 representatives from various enterprises participated in the launch event, resulting in the signing of 9 cooperation agreements with a total value of 2 billion RMB [1] - The project aims to inject new vitality into the development of revolutionary old areas in the southwest, aligning with the national "dual carbon" strategy [1] Group 2 - Beijing Jinyi Yuanfang Holding Group, established in 2008, is a diversified holding company with a focus on industrial investment, asset management, and renewable energy services, particularly in supporting the revitalization of revolutionary old areas [2] - Chongqing Ruidian Energy Technology Co., Ltd., a key player in the southwest's private charging and swapping industry, is fully owned by the group and has established a significant charging network across multiple provinces, including 202 stations in core revolutionary areas [2] - The "Yukuaichong" smart energy management platform has achieved 450,000 direct users and over 3 million indirect users, showcasing the company's strong market presence in the charging industry [2] Group 3 - The southwest revolutionary old areas are significant for their historical contributions during the land revolution and the Long March, serving as a vital support for the Communist Party and the Red Army [3] - The rich red history and cultural resources in these areas are seen as a core competitive advantage for revitalization efforts, providing a source of motivation for progress [3] Group 4 - The project aligns with the strategic deployment of the central government to accelerate the development of revolutionary old areas, focusing on clean energy, specialty agriculture, and cultural tourism integration [4] - The initiative represents a dual approach of "blood transfusion" and "blood production," aiming to bring advanced technology and quality resources to the southwest old areas, setting an example for social participation in supporting local development [4]

Group 1 - The central government aims to accelerate the establishment of a unified national carbon market, targeting coverage of major industrial sectors by 2027 and a comprehensive voluntary emission reduction market by 2030 [1] - By July 2025, the national carbon emission trading market has seen a cumulative transaction volume of 681 million tons and a transaction value of 46.784 billion yuan, with nearly 100% compliance rate among 2,096 key emission units [2] - The introduction of carbon trading is intended to turn carbon emissions into valuable assets for enterprises, promoting sustainable development and profitability [2] Group 2 - The government plans to enhance market vitality by diversifying trading products and expanding trading participants while strengthening market regulation [3] - Currently, the carbon market includes key sectors such as electricity, steel, cement, and aluminum, with ongoing discussions about incorporating the automotive industry into the carbon trading framework [3] - A strategic cooperation agreement has been signed between Hubei Hongtai Group and relevant automotive organizations to develop a carbon emission management system and explore carbon asset development [4] Group 3 - The automotive industry is transitioning from a "dual credit" system to a carbon credit management approach, which may facilitate its inclusion in carbon trading [4] - The shift to carbon credit management requires adjustments in accounting mechanisms and standards, impacting both new energy and traditional fuel vehicles [4] - Successful integration of the automotive sector into the carbon trading market necessitates collaboration with local carbon markets and financial institutions to enhance market activity [4]

Core Viewpoint - Shougang Group launched the "SOGREECO" series of green low-carbon products and established the first industry standards for green low-carbon automotive steel plates, emphasizing the company's commitment to environmental sustainability and innovation in response to increasing demand for eco-friendly products [1][2][3]. Group 1: Product Launch and Standards - The "SOGREECO" trademark represents Shougang's green branding efforts, featuring attributes like "green," "low-carbon," and "ecological," with carbon reduction labels ranging from -30% to -70%, and up to near "zero" carbon [2]. - Shougang released the first industry standards for green low-carbon automotive steel plates, which include soft steel, bake-hardened steel, low-alloy high-strength steel, dual-phase steel, and hot-stamped steel [3]. - The standards define green low-carbon products as those achieving a carbon reduction ratio of 30% or more compared to equivalent products from 2020, incorporating lifecycle assessment methods aligned with international standards [3][6]. Group 2: Market Impact and Strategy - The introduction of the green low-carbon product pricing system is based on product standards, lifecycle data, and optimal cost pathways, addressing customer needs for carbon reduction ratios, carbon footprints, and scrap steel ratios [6]. - The formal release of Shougang's green product trademark, low-carbon automotive steel standards, and pricing system aims to support the national dual-carbon strategy and promote a sustainable green steel market [6].

Core Viewpoint - The collaboration between CITIC Bank Beijing Branch, Haibo Sichuang Technology Co., Ltd., and CITIC Financial Leasing Co., Ltd. aims to leverage the integration of industry and finance in the "energy storage + finance" sector, targeting the trillion-level energy storage asset market to support the construction of a new power system and the achievement of carbon neutrality goals [1][2]. Group 1: Industry Context - China's dual carbon goals are advancing, with the National Development and Reform Commission's Document No. 136 being implemented, leading to a shift in the energy storage industry from policy-driven to market-led growth [1]. - The construction costs of energy storage stations are decreasing, and the electricity spot market is gradually opening, enhancing the economic viability of energy storage assets [1]. Group 2: Company Profiles - Haibo Sichuang is a leading company in China's energy storage industry, focusing on the research, production, and application of new energy storage technologies, with a market capitalization exceeding 10 billion [2]. - CITIC Bank, one of the earliest commercial banks established during China's reform and opening-up, has been actively involved in domestic and international financing, providing differentiated financial services to enterprises [2]. - CITIC Financial Leasing is a strategic component of CITIC Group and CITIC Bank, focusing on financing leasing in various sectors, including green business, and has accumulated rich experience in financing projects related to wind, solar, water, storage, and hydrogen [3]. Group 3: Strategic Collaboration - The three parties will leverage their respective resources and strengths in industry, technology, financial innovation, and leasing to create a financing model that integrates "energy storage assets + specialized operations + comprehensive financial solutions" [3]. - This strategic partnership reflects CITIC Bank Beijing Branch's commitment to green finance and supporting national energy strategies, aiming to innovate financial products and services to enhance the vitality of the energy storage industry [3].