文 | 人民日报 丁怡婷 具备毫秒级响应速度的飞轮储能系统，功能灵活的液冷一体式移动储能车，可提前超15分钟预报燃爆等事故的新型储能安全监测平台……在日前 举办的第十三届储能国际峰会暨展览会上，新型储能技术"多点开花"，不少企业亮出"看家"产品。 会上发布的《储能产业研究白皮书2025》显示，2024年，我国新型储能新增装机连续3年保持全球第一，达到43.7吉瓦/109.8吉瓦时，占全球新 增装机的约六成。新型储能累计装机规模首次超过抽水蓄能，占比超56%。截至今年2月底，全国新型储能累计装机已超过7500万千瓦。 国家能源局能源节约和科技装备司相关负责人介绍，高可靠、高能效、长寿命的新型储能产品和技术供给能力不断提升，锂离子电池占据装机主 导的同时，压缩空气、液流电池、钠离子电池、重力储能、飞轮等非锂储能技术实现应用突破，技术多元化应用趋势凸显。 在展览会上，远景储能展出了8兆瓦时储能系统新品，内部由3300多颗电芯组成。"由于单颗电芯容量提升，相比市场主流的5兆瓦时储能系统， 电芯数量减少超过30%，容量提升约60%，全生命周期度电成本可降低约40%。"远景储能总裁田庆军介绍。 2024年，南网储能公司研 ...

Core Viewpoint - The company reported a strong performance in Q1 2025, with significant year-on-year growth in revenue and net profit, despite a quarter-on-quarter decline in revenue [1][2]. Financial Performance - In Q1 2025, the company achieved operating revenue of 55.784 billion yuan, a year-on-year increase of 13.95%, but a quarter-on-quarter decrease of 11.86% [1]. - The net profit attributable to shareholders was 3.538 billion yuan, reflecting a year-on-year growth of 58.78% and a quarter-on-quarter increase of 4.56% [1]. - The non-recurring net profit was 3.444 billion yuan, up 57.78% year-on-year and 5.53% quarter-on-quarter [1]. Production and Sales - The company produced 1.94 million tons of electrolytic aluminum in Q1 2025, a year-on-year increase of 9.0%, and 4.48 million tons of alumina, up 5.4% year-on-year [1]. - The external sales volume of alumina reached 1.68 million tons, marking a year-on-year increase of 12.0% and a quarter-on-quarter increase of 6.3% [1]. - The average price of electrolytic aluminum was 20,400 yuan/ton, up 7.3% year-on-year but down 0.5% quarter-on-quarter; the average price of alumina was 3,863 yuan/ton, up 15.4% year-on-year but down 27.4% quarter-on-quarter [1]. Profitability and Cost Management - The company's gross profit margin was 15.86%, an increase of 0.52 percentage points year-on-year but a decrease of 1.33 percentage points quarter-on-quarter [1]. - Operating cash flow reached 6.260 billion yuan, a year-on-year increase of 75.06%, driven by increased operating profit and improved cash flow management [2]. - The company’s expense ratio was 3.86%, down 0.98 percentage points year-on-year, with reductions in sales, management, R&D, and financial expense ratios [2]. Project Development and Resource Management - Key projects, including the Guangxi Huasheng Phase II alumina project and Inner Mongolia Huayun Phase III electrolytic aluminum project, have been put into operation, enhancing resource security [2]. - The company has increased its supply of bauxite resources, with production and shipment from its Guinea mine rising by 8.18% and 27.89% year-on-year, respectively [2]. Profit Forecast and Valuation - The company forecasts net profits of 10.913 billion yuan, 12.690 billion yuan, and 13.896 billion yuan for 2025-2027, with year-on-year changes of -11.99%, +16.28%, and +9.50% respectively [3]. - Earnings per share (EPS) are projected to be 0.64 yuan, 0.74 yuan, and 0.81 yuan for the same period, with corresponding price-to-earnings (PE) ratios of 10.4, 8.9, and 8.2 times [3].

Core Viewpoint - Ningxia Yinglite Chemical Co., Ltd. has released its 2024 annual report and ESG report, highlighting its commitment to green energy and sustainable development as a state-owned enterprise under the National Energy Investment Group [1][2][3] Group 1: ESG Initiatives - The company has initiated a distributed photovoltaic project with a total installed capacity of 1.85948 MWp, expected to generate 35.22 million kWh of clean energy, saving approximately 11,482 tons of standard coal and reducing CO2 emissions by 2,782 tons [1] - Yinglite has received approval for a 10 MW wind power project, which will consist of two 5,000 kW wind turbines, with an estimated annual generation of 22.44 million kWh, saving about 680 tons of standard coal and reducing CO2 emissions by 1,860 tons [2] - The company is aligning its carbon peak and carbon neutrality goals with management performance assessments to ensure effective achievement of these targets [2] Group 2: Technological Advancements - The company has upgraded its production capacity by replacing four 20 MVA electric furnaces with four 40.5 MVA closed electric furnaces, significantly enhancing energy efficiency and reducing CO emissions [3] - The annual production capacity of the electric furnace project has been fully realized in the first quarter of 2024, contributing to lower energy consumption and improved product output [3] Group 3: Community Engagement and Development - Yinglite has actively participated in rural revitalization efforts, contributing 1.207 million yuan through the "Smart Procurement Mall" platform to support designated counties [3] - The company aims to integrate resource-saving concepts into its production processes while collaborating with local systems for raw material supply and product sales [4]

Core Viewpoint - The company, Shanghai JianKe Consulting Group Co., Ltd., reported a revenue of 4.152 billion yuan and a net profit of 343 million yuan for the year 2024, reflecting growth rates of 3.54% and 8.49% respectively, amidst a challenging economic environment [19][38]. Group 1: Economic Environment and Industry Trends - The national GDP exceeded 130 trillion yuan in 2024, with a year-on-year growth of 5.0%, while fixed asset investment grew by 3.2%, indicating a mixed outlook for the construction industry [2]. - The construction sector faced significant pressure with a 1.9% decline in construction investment and a 10.6% drop in real estate development investment [2]. - Government initiatives, including the issuance of 1 trillion yuan in long-term special bonds, are expected to support infrastructure projects and enhance local government credit levels, providing new momentum for industry development [2][4]. Group 2: Company Business Overview - The company focuses on technology innovation and professional technical services, with key business segments including engineering consulting, testing and technical services, and environmental low-carbon technology services [8]. - The engineering consulting segment remains a core business, with the company maintaining a leading position in the national construction engineering supervision rankings [9]. - The company has expanded its service offerings to include comprehensive solutions for urban renewal, safety resilience, and green ecological development [12][14]. Group 3: Financial Performance - In 2024, the company achieved a net profit of 343 million yuan, with a net profit excluding non-recurring items of 276 million yuan, marking a 16.46% increase [19]. - The company plans to distribute a cash dividend of 2.55 yuan per 10 shares to shareholders, without any capital reserve transfer or bonus shares [1]. Group 4: Future Outlook and Strategic Initiatives - The company is positioned to benefit from the government's focus on urban renewal and resilience, with significant investments planned in infrastructure and public services [4][5]. - The rise of low-altitude economy and digital transformation initiatives are expected to drive new growth opportunities within the industry [6]. - The company is actively pursuing digitalization in its testing and technical services, aiming to enhance operational efficiency and service quality [12].

证券代码：600019 证券简称：宝钢股份 公告编号：临 2025-028 宝山钢铁股份有限公司 2025 年第一季度主要经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信 息披露》"第七号——钢铁"要求，公司 2025 年第一季度主要经营数 据公告如下： 一、 公司经营亮点 一季度国内钢铁市场供需矛盾仍然突出，钢铁企业原燃料成本 有所改善，但受钢材市场需求低迷影响，钢铁行业利润空间仍然有 限，经营持续承压。报告期内，公司累计完成铁产量 1,155.0 万吨， 钢产量 1,284.8 万吨，商品坯材销量 1,223.0 万吨，实现合并利润总 额 32.9 亿元。 坚持科技创新，实现技术引领。一季度，公司布局 12 大标志 性技术，已部署 48 个科研项目予以推进；实现"高强度热冲压钢 HC950 /1300HS+AST"等 3 项全球首发；成功试制冷成形超高强钢 产品 1300MS-EG、1500MS-EG，填补国内相关产品空白。 二、 公司主要会计数据和 ...

Group 1: Company Performance - In 2024, the company achieved operating revenue of 545 million yuan, a year-on-year increase of 0.38% [1] - The net profit attributable to shareholders was 45.18 million yuan, reflecting a year-on-year growth of 5.10% [1] - The company plans to distribute a cash dividend of 0.50 yuan per 10 shares, totaling 11.72 million yuan [1] Group 2: Business Operations - The company focuses on urban gas operations, including the sale of natural gas and compressed natural gas, LNG storage and sales, and gas facility installation services [1] - As of the end of 2024, the company operates 2 gas distribution stations, 1 park gasification station, and 1 self-owned CNG refueling station, serving over 160,000 gas users [1] Group 3: Industry Trends - The Chinese gas industry is experiencing rapid growth due to energy structure adjustments, environmental policies, and urbanization [2] - The industry is transitioning towards smart and digital solutions, leveraging technologies like IoT, big data, and AI for smart gas meters and digital operations [2] - The gas sector is exploring green low-carbon development paths, including biogas, hydrogen integration, and carbon capture [2] Group 4: Safety and Infrastructure - The company aims to enhance gas safety management and overall operational efficiency by developing a gas safety management model using AI [2] - To meet future gas demand, the company will increase the construction and renovation of gas transmission and distribution facilities [2] - The company plans to integrate green electricity and hydrogen with gas to reduce carbon emissions and lower operational costs [3]

Core Viewpoint - The lithium battery separator industry is facing increased competition and pressure on prices and margins, but companies like Enjie Co., Ltd. are focusing on innovation and diversified strategies to maintain competitiveness and navigate industry cycles [1][2][7]. Group 1: Industry Overview - The lithium battery separator market is experiencing intensified competition due to increased capital influx, leading to price and margin pressures [1]. - The global demand for lithium battery separators is projected to grow significantly, with a forecast of 300 to 325 billion square meters by 2025 and over 4500 GWh of global lithium battery production by 2030 [7]. - The Chinese lithium-ion battery separator shipment volume is expected to increase by 28.6% year-on-year in 2024, reaching 22.75 billion square meters [4]. Group 2: Company Strategy - Enjie Co., Ltd. has established a strong focus on R&D and innovation, developing a unique research system and attracting global talent to meet diverse customer needs [2][3]. - The company has diversified its product offerings and optimized its industrial structure, becoming a leading supplier with the most varied range of lithium battery separator products in the market [4]. - Enjie has formed strategic partnerships with major global battery manufacturers, ensuring its integration into the supply chains of leading companies [8]. Group 3: Technological Advancements - Enjie has made significant technological breakthroughs, including the successful development of all-solid-state sulfide electrolyte membrane products in collaboration with Central South University [5]. - The company is also investing in future technologies, such as solid-state battery materials, positioning itself for the anticipated growth in this area from 2027 to 2032 [4]. Group 4: Market Position and Recognition - Enjie has received multiple awards from major clients, reflecting its strong product quality and innovation capabilities, including recognition from companies like A123 Systems and Guoxuan High-Tech [8]. - The company is committed to sustainable development and green technology innovation, aligning with global carbon neutrality goals and China's dual carbon targets [9].

Core Viewpoint - The oil casing industry in China is experiencing growth driven by national policies and increasing demand for oil and gas exploration and production equipment, with the market size projected to reach 20.5 billion yuan by 2024, up from 19.63 billion yuan in 2017 [1][11]. Industry Overview - Oil casing is a critical component used to support oil and gas wells, ensuring the efficiency and safety of drilling operations. It is a one-time consumable material, with consumption accounting for over 70% of total oil well pipe usage [3][9]. - The classification of oil casings includes various steel grades such as J55, K55, N80, L80, C90, T95, P110, Q125, and V150, as well as different end processing forms [3][5]. Industry Chain - The upstream of the oil casing industry includes steel, anti-corrosion coatings, and sealants, with steel being the primary raw material. The midstream involves the production and processing of oil casings, while the downstream focuses on applications in the oil and gas sector [5][7]. Market Demand - The demand for oil casings, particularly high-end products, is increasing due to the growing complexity of drilling environments and deeper drilling depths. High-end oil casings currently dominate the market, accounting for over 70% of the total [13][20]. Industry Competition - The oil casing industry is capital-intensive, primarily dominated by a few large companies that leverage their technological expertise and brand influence. Notable companies include Jiangsu Changbao Steel Tube Co., Shandong Molong Petroleum Machinery Co., and Baosteel [15][16]. Key Companies - Jiangsu Changbao Steel Tube Co. specializes in high-end special pipes, with oil casings being a key product, achieving a revenue of 2.223 billion yuan in 2024, a decrease of 37.14% year-on-year [16]. - Shandong Molong Petroleum Machinery Co. focuses on energy equipment manufacturing, reporting a revenue of 1.231 billion yuan for its pipe products in 2024, an increase of 7.81% year-on-year [18]. Future Trends - The industry is expected to see sustained demand for high-quality, high-performance oil casings, particularly for deep-sea and unconventional oil and gas fields. The integration of digital and intelligent technologies will enhance operational efficiency and competitiveness [20][22].

Core Viewpoint - The article emphasizes the importance of multilateralism and international cooperation in addressing climate change and promoting sustainable development, as articulated by President Xi Jinping during the climate and just transition leaders' video summit [1][2]. Group 1: Multilateralism and International Order - The article highlights the need to uphold multilateralism and maintain an international order based on international law, emphasizing the importance of fairness and justice in global governance [1]. - It calls for a collective response to the climate crisis through multilateral governance, reinforcing the commitment to green and low-carbon development [1]. Group 2: International Cooperation - The article stresses the importance of deepening international cooperation to overcome conflicts and promote technological innovation and industrial transformation, ensuring that high-quality green technologies are accessible to all countries, especially developing ones [2]. - China is committed to enhancing South-South cooperation and providing assistance to other developing countries within its capacity [2]. Group 3: Just Transition - The article advocates for a people-centered approach that balances improving livelihoods with climate governance, addressing multiple goals such as environmental protection, economic development, job creation, and poverty alleviation [2]. - It emphasizes the obligation of developed countries to support developing nations in achieving a global green and low-carbon transition [2]. Group 4: Practical Actions - The article calls for all parties to make maximum efforts in formulating and implementing national action plans based on economic development and energy transition [2]. - China plans to announce its 2035 national contribution target, covering all economic sectors and greenhouse gases, ahead of the UN Climate Change Conference [2]. Group 5: China's Commitment to Green Development - The article outlines China's significant contributions to global green development, including the establishment of the largest and fastest-growing renewable energy system and the most complete new energy industrial chain [2]. - It notes that China has contributed to one-fourth of the world's new green area and reaffirms its commitment to actively addressing climate change and promoting international cooperation [2].

Group 1 - The global consensus is growing on the need to strengthen ecological environment governance and protect the green earth, especially in light of climate change, biodiversity loss, and resource constraints [4] - The 56th Earth Day theme event in Henan focuses on youth engagement with the slogan "Cherish the Earth, Harmonious Coexistence between Humans and Nature" [4] - The province has implemented significant ecological restoration projects, completing 1.7237 million acres of ecological restoration, leading the nine provinces along the Yellow River in ecological corridor connectivity [4] Group 2 - The company Zhengzhou University High-tech Materials Technology Co., Ltd. produces inorganic plastic micro-porous insulation boards from solid waste like fly ash, achieving zero pollution and emissions during production [5] - The company claims to consume 150,000 tons of fly ash annually, which equates to a reduction of 3,000 tons of CO2 emissions each year, showcasing its commitment to green and low-carbon development [5] - The province has established a "1+N" system for resource conservation and efficient land use, activating 376,900 acres of land and disposing of 149,600 acres of idle land last year [6]