10月30日，全球领先的绿色科技企业远景科技集团（下称"远景"）携手同济大学建筑与城市规划学院、同济大学建筑与城市空间研究 所，于2025年上海城市空间艺术季（Shanghai Urban Space Art Season, SUSAS）联合举办主题展览《用风叶构筑的建筑远景》。展览以"发 电巨人·社区伙伴"为主题，呈现新能源先锋与建筑名校的跨界碰撞。 作为对可持续构想的有力回应，远景在短短十天内，完成了一次从图纸到实践的"叶片再生实验"：将自有的废弃叶片，转化为展场中 兼具功能与象征意义的中心岛台与休闲座椅。原本遥不可及的工业巨构，真正走进城市客厅，展现了远景在推动循环经济方面的技术实力 与坚定承诺。 产学联手，推动构建绿色能源体系 远景叶片事业部研发工程师Giancarlo Girolomini先生指出，循环设计本质上是一种"为人而设计"。在叶片设计初期，研发团队便系统考 量其全生命周期，致力于研发可回收复合材料与新型结构，积极探索叶片的未来应用场景。他表示，此次与建筑、艺术领域的跨界交流， 为叶片在城乡环境中的再利用提供了丰富灵感。未来，远景将逐步开放叶片设计与材料信息，助力建筑师及创作者将退役叶片转化 ...

Core Insights - The article highlights the successful IPO of Suzhou Fengbei Biotechnology Co., Ltd. on November 5, marking a significant milestone in the company's journey and reflecting the broader trend of green transformation in China [1][7] - The company focuses on the comprehensive utilization of waste oil resources, contributing to China's dual carbon goals and promoting sustainable development [1][6] Group 1: Company Overview - Fengbei Biotechnology has developed a complete industrial chain from waste oil to biofuels and biobased materials, redefining the value of waste oils through advanced technologies [2][3] - The company has established a competitive industrial ecosystem based on "technology + policy" and "green + circular" principles, positioning itself as a key player in promoting the national circular economy [1][2] Group 2: Technological Innovation - Continuous technological innovation is central to Fengbei's leadership, with a focus on R&D investment and a robust innovation system covering basic research, material development, and application development [3][4] - As of June 30, 2025, the company has obtained 135 patents, including 33 domestic invention patents and 3 international invention patents, which support its technological advancements in waste oil processing and biobased material development [3][4] Group 3: Market Applications - The company has successfully expanded the application of its biobased materials across various industries, including agriculture, chemicals, and pharmaceuticals, establishing a differentiated competitive advantage [2][5] - Fengbei's biofuel products, particularly low-cloud-point biodiesel, have gained market recognition and are being adopted by global enterprises, addressing both carbon emissions and traditional energy crises [4][5] Group 4: Policy Support - National policies, such as the Renewable Energy Law and the "14th Five-Year" Modern Energy System Planning, provide strong support for the development of the waste oil resource utilization industry, creating a favorable environment for Fengbei's growth [6] - The company has strategically aligned its business expansion with government policies, including a partnership with China Shipbuilding Fuel Co., Ltd. to explore the application of biodiesel in maritime sectors [6] Group 5: Future Outlook - Following its IPO, Fengbei plans to utilize raised funds to expand production capacity, enhance technological research, and explore new applications for waste oil resource utilization [7] - The company aims to strengthen its innovation capabilities and industry layout, contributing significantly to China's circular economy and dual carbon goals, positioning itself as a benchmark in the global waste resource utilization sector [7]

Core Viewpoint - The article discusses the establishment of an international framework for measuring the contribution to the circular economy through the use of recycled materials in manufacturing, which will be announced at COP30 [2][5]. Group 1: Framework Development - The framework will measure the proportion of recycled plastic and metal materials used in manufacturing as indicators of resource recycling effectiveness [2][4]. - Major companies, including Toyota and Panasonic, are involved in creating this framework, which aims to enhance the disclosure of resource recycling information [2][5]. - The framework is being led by Japan's Ministry of the Environment and the University of Tokyo, with discussions ongoing to refine the framework based on corporate feedback [5][6]. Group 2: Disclosure and Compliance - Companies like Cisco Systems and Philips are among those that will lead the initial disclosure efforts under this framework [5]. - The framework encourages participation from both domestic and international companies that are not yet part of the World Business Council for Sustainable Development [5]. - In the EU, regulations require companies to disclose not only greenhouse gas emissions but also resource recycling information, indicating a trend towards mandatory disclosure in this area [5][6]. Group 3: Importance of Resource Recycling - The framework aims to improve resource recycling levels among companies, which could help secure critical minerals like rare metals and rare earths, currently heavily reliant on Chinese supply [6]. - By recovering important minerals from electronic device components, companies can reduce imports from China, which is beneficial for supply chain risk management [6]. - The framework is expected to enhance the recognition of circular economy benefits by both companies and financial institutions [7].

Core Viewpoint - The company held a performance briefing for the third quarter of 2025, discussing its operational results and addressing investor inquiries regarding its coal trading business, financial performance, and future outlook [1][2][3]. Group 1: Performance Overview - In the first three quarters of 2025, the company's coal trading business generated revenue of 24.627 billion yuan, with a physical sales volume of 47.1728 million tons, representing a year-on-year increase of 7.20% [2][3]. - The overall revenue for the first three quarters of 2025 reached 26.979 billion yuan, with a net profit of 575 million yuan [2][3]. - The cash flow from operating activities increased by 2.134 billion yuan compared to the previous year, primarily due to changes in the cash flow structure related to sales and procurement [5]. Group 2: Business Segment Contributions - The coal trading segment contributed 24.627 billion yuan in revenue and 2.25 billion yuan in net profit [5]. - The heat and power generation segment achieved revenue of 2.14 billion yuan, with a net profit of 365 million yuan, despite an 8.27% decline in revenue compared to the previous year [5]. - The renewable energy segment generated revenue of 212 million yuan [5]. Group 3: Market Outlook and Pricing - The fourth quarter is traditionally a peak season for coal demand in China, with expectations for stable coal prices influenced by supply-demand dynamics and policy adjustments [4][5]. - Domestic coal production is expected to grow under policy support, while coal imports are projected to decline year-on-year due to earlier reductions [4][5]. Group 4: Technological Innovations - The company has focused on technological innovation, achieving significant advancements in energy efficiency and waste resource recycling, including multiple patents and participation in national standards [6][7]. - The molten salt energy storage technology is highlighted for its long lifespan and broad application potential in various energy sectors [7][8]. Group 5: Dividend Policy - The company has maintained a high cash dividend payout ratio, distributing 6 yuan per 10 shares for the 2024 fiscal year, with plans to continue distributing at least 40% of net profit in future years [8].

Core Viewpoint - The company held a performance briefing on November 6, 2025, to discuss its third-quarter results and address investor inquiries regarding its operations and future plans [1][2]. Group 1: Performance Overview - For the first nine months of 2025, the company achieved operating revenue of 34.855 billion, a year-on-year increase of 20.12% [5]. - The total profit for the same period was 786 million, reflecting a year-on-year growth of 13.10% [5]. - The net profit attributable to shareholders was 621 million, up 11.99% year-on-year [5]. Group 2: Project and Strategy Insights - The high-purity rare metal and semiconductor compound project is a significant transition from traditional smelting to high-end material manufacturing, enhancing the product value chain [3]. - The project utilizes waste materials from traditional smelting processes, although some raw materials need to be sourced externally, indicating that raw material costs are not negligible [3][4]. - The company aims to establish itself as a leading high-tech industry group in the non-ferrous metal new materials sector, focusing on high-end, intelligent, and green transformations [6]. Group 3: Pricing and Profitability Concerns - The company adheres to a pricing policy for related transactions based on public, fair, and just principles, ensuring alignment with independent third-party pricing [4]. - The decline in total profit in the third quarter was attributed to rising raw material costs and a decrease in processing fees due to market supply constraints [4]. - The expected profit margin for the high-purity rare metal and semiconductor compound project is still under evaluation as it is currently in the pilot testing phase [7].

Core Viewpoint - Suzhou Fengbei Biotechnology Co., Ltd. has officially listed on the stock market, marking a milestone in its journey to become a leader in the comprehensive utilization of waste oil resources, being recognized as the "first stock for waste oil resource utilization" [2] Group 1: Business Overview - Fengbei Biotechnology focuses on the comprehensive utilization of natural oil resources, successfully establishing a green industrial chain from "waste oil - biodiesel - bio-based materials" [2] - The company has shown steady revenue growth, with projected revenues for the first three quarters of 2025 expected to be between 2.1 billion and 2.3 billion yuan, representing a year-on-year increase of 51.4% to 65.82% [5][6] Group 2: Financial Performance - Revenue increased from 1.709 billion yuan in 2022 to 1.948 billion yuan in 2024, with a compound annual growth rate of 6.8% [5] - The revenue for the first half of 2025 is projected to be 1.478 billion yuan, a year-on-year increase of 15.3% [5] - The company has implemented two dividend distributions prior to the IPO, reflecting a solid financial foundation and confidence in future growth [7] Group 3: Technological Innovation - Fengbei Biotechnology has invested significantly in R&D, with expenses consistently high, and holds 135 patents, including 33 domestic invention patents [9][10] - The company has developed a unique technology system that reduces energy consumption to less than half of traditional processes, achieving product purity above 99.5% [5] - The company has been recognized as a national-level specialized and innovative small giant enterprise, indicating its strong technological capabilities [10] Group 4: Market Opportunities - The company is well-positioned to benefit from national policies promoting the development of circular economy and biofuels, with significant potential in the waste oil resource market [12][13] - China generates over 12 million tons of waste oil annually, providing ample raw material for the industry [13] - The global biodiesel consumption is projected to grow at a compound annual growth rate of 7.16% from 2023 to 2028, indicating a growing market demand [13] Group 5: Strategic Partnerships - Fengbei has established a diverse customer base, including partnerships with global giants like TRAFIGURA, GLENCORE, and SHELL in the biofuel sector [11] - The company has signed strategic cooperation agreements with several enterprises in the emerging market of marine biofuels, indicating its proactive market expansion strategy [13]

Core Insights - Xianyu has launched "Magical Fish Pond" in collaboration with Ant Forest, integrating idle goods circulation, environmental protection, and interactive fun, creating a new scenario for recycling [1][3]. Group 1: User Engagement and Benefits - Users can accumulate "green energy" from Ant Forest through various actions on the Xianyu platform, such as posting idle items or making purchases [1][3]. - The accumulated energy can be used to plant real trees or redeem various rewards within the "Magical Fish Pond," including practical items like shipping vouchers and unique digital assets [3][5]. - The initiative encourages users to engage in environmental practices while participating in idle goods transactions, enhancing the perceived value of recycling [5][6]. Group 2: Target Audience and Market Positioning - The "Magical Fish Pond" is particularly appealing to younger demographics, with nearly half of Xianyu's users being born after 1995 and 22% after 2000, aligning with their growing interest in green consumption [5][6]. - Xianyu's platform facilitates over 4 million idle items listed daily, making it a significant player in promoting carbon reduction and circular economy practices [5][6]. Group 3: Environmental Impact and Future Prospects - Previous collaborations, such as with the Beijing Green Exchange, have established methodologies for measuring carbon reduction through idle goods transactions, with an estimated reduction of 11.8 million tons of carbon emissions from April 2024 to March 2025 [6]. - The partnership with Ant Forest revitalizes its user base, which has grown to over 750 million since its inception in 2016, contributing to the planting of over 619 million trees across 13 provinces in China [6].

Core Viewpoint - Fengbei Bio, a leading enterprise in the comprehensive utilization of waste oil resources, has successfully listed on the Shanghai Stock Exchange, highlighting its significant role in the innovation and development of the waste oil recycling industry [1] Company Overview - Fengbei Bio is recognized as a top-tier company in the domestic waste oil resource utilization sector, focusing on "basic research, material development, and application development" to expand various bio-based materials and their downstream applications [1][2] - The company has achieved a prominent position in the biodiesel industry, particularly in the agricultural chemical segment, with a leading market share [1] Innovation and Competitive Advantage - The company has obtained 135 patents as of June 30, 2025, including 33 domestic invention patents and 3 international invention patents, showcasing its strong technical foundation [2] - Fengbei Bio actively participates in industry standard formulation and maintains a leading position in technological research and development through patenting [3] - The company has developed unique process advantages in raw material pretreatment, production component distillation, energy utilization, catalyst recycling, and automated continuous production, which enhance its production efficiency and cost control [3] Market Position and Client Base - The company has established a comprehensive industrial chain from waste oil to biofuels (biodiesel) and bio-based materials, continuously expanding its depth and breadth in waste oil resource utilization [4][6] - Fengbei Bio's downstream clients include leading enterprises in the agricultural chemical sector, global commodity traders, and fuel energy end-users, indicating a broad customer base [4][5] Product Development and Sustainability - The bio-based materials produced by the company align with safety, environmental protection, and the trend of reducing pesticide usage, leading to long-term collaborations with major agricultural chemical companies [4] - The company's biodiesel products, particularly those with low pour points, are designed to address the challenges of biodiesel in cold temperatures, enhancing their market competitiveness [4] - The company’s products are recognized for their green, renewable, biodegradable, and non-toxic characteristics, contributing to the sustainable development goals and circular economy [6] Financial Performance and Future Outlook - From 2022 to the first half of 2025, the company has experienced continuous revenue growth, reflecting its stable operational scale and market position [6] - The company plans to accelerate its development by enhancing market expansion, increasing R&D efforts, expanding production capacity, and diversifying product offerings [6]

在第二十六届中国（寿光）国际蔬菜科技博览会上，人们在观看植物组织培养设备（2025年4月20日摄）。新华社记者徐速绘 摄 时任荷兰旅游局形象大使、羊角村村长盖比在羊角村一条运河河边（2023年12月3日摄）。新华社发（荷兰羊角村官方供图） 新华社海牙11月4日电（记者王湘江 邵海军）荷兰羊角村首席代表盖比近日在接受新华社记者专访时表示，中国在绿色转型方面展现出的创新 实践令她印象深刻，期待荷中两国进一步加强在相关领域的交流与合作。 盖比说，她在中国走访时看到，科技创新与自然保护正在深度融合：智慧农场精准种植、保护土壤，循环温室实现能源、水和养分的循环利 用，太阳能村落使用清洁能源，生态民宿收集雨水、利用热能和堆肥处理厨余，真正做到回报自然。 谈到中荷合作，盖比表示，两国都认识到水、能源和食物属于同一个生命系统，双方的合作将会促进彼此真正的发展。她认为，荷兰与中国可 以加强绿色技术与基层创新合作，共同推动打造人与自然和谐共生的未来。 责编：卢思宇、李萌 这是荷兰羊角村运河风光（资料照片）。新华社发（荷兰羊角村官方供图） "中国人把环保意识融入日常生活，"盖比说，"比如采茶时大家共用一个热水瓶，不用一次性塑料杯； ...

Core Insights - Wuhan's retail market is experiencing a significant boost due to the "first store economy" policy, with 189 new quality first stores opened in Q3 2025, surpassing the total of 184 first stores opened in the first half of the year [1][2][11] Group 1: First Store Statistics - In Q3 2025, Wuhan opened approximately 189 first stores, bringing the total for the year to 373, setting a new record [2] - The first stores include 4 national first stores, 61 Central China first stores, 26 Hubei first stores, and 98 Wuhan first stores, indicating a balance of quantity and quality [2] - The ratio of standard stores to non-standard stores is 3:1, highlighting the trend towards themed and co-branded stores as new market entry strategies [2] Group 2: District Performance - Jianghan District and Wuchang District tied for the highest number of first stores, each introducing 44 brands, while Jiang'an District followed with 41 [4] - New projects in Wuhan New District also performed well, with 20 first stores in the Economic Development Zone and 19 in the East Lake High-tech Zone [4] Group 3: Project Insights - Only 7 new projects introduced more than 10 first stores, with notable examples including Longfor Wuhan Binjiang Tianjie and Wuhan Shanshan Outlets [7] - Established commercial projects like Wuhan Wushang Mall and Wuhan Mixc continue to attract a high number of first stores [7] Group 4: Business Type Distribution - Retail stores outnumbered dining establishments, with 88 first stores in retail making it the leading business type for Q3 [10] - The dining sector saw strong performances in beverage, baking, and Yunnan-Guizhou cuisine, while entertainment and lifestyle services also gained traction due to their experiential nature [10] Group 5: Experience and Consumption Trends - The first store economy is rapidly expanding in Wuhan, reflecting a shift towards enhanced consumer experiences and diversified business types [11] - Non-standard first stores reached 47, embracing a "cross-border + co-branding + composite" model to create unique consumer experiences [12] - Traditional brands are also innovating, with examples like Belle Cinema introducing advanced sound technology and Aeon Supermarket launching a curated selection store [13] Group 6: Emerging Consumption Segments - Retail and dining remain dominant sectors, with retail focusing on quality and trends, particularly in sports and home goods [14] - The second-hand luxury market is emerging, with brands like "Zhen Shihui" entering the market to promote sustainable consumption [14] - The dining sector is diversifying, with a notable rise in beverage and Yunnan-Guizhou cuisine establishments [16] Group 7: New Commercial Projects - New commercial projects launched in Q3 included Wuhan Shanshan Outlets, Wuhan Binjiang Tianjie, and KIC PARK, collectively contributing 58 first stores [17][19] - Wuhan Shanshan Outlets features over 20 first stores and aims to provide a comprehensive shopping experience [19] - KIC PARK targets young consumers with 12 first stores across various sectors, including dining and entertainment [19] Group 8: Established Projects' Contributions - Wuhan Wushang Mall and Wuhan Mixc have shown strong performance in attracting first stores, with Wushang Mall introducing 29 new first stores in Q3 [20] - Wuhan Mixc completed a major renovation, adding 18 first stores, enhancing its brand portfolio [20] - Wuhan New World and Wushang Dream Times also contributed significantly to the first store economy, with multiple new entries [20]