近年来，吉林省长春市抢抓"双碳"机遇，用智慧和科技制造"绿色"，用理念和行动保护"生态"，如今， 这座工业城市正以崭新的姿态绘就美丽新画卷。 传统产业升级，焕发新活力 面对全球汽车产业电动化、智能化、网联化的趋势，近年来，长春积极推动传统汽车产业向新能源和智 能网联汽车转型。 走进奥迪一汽新能源汽车有限公司长春生产基地（以下简称奥迪一汽新能源），建筑楼顶和停车遮阳棚 上铺满太阳能光伏板，路灯杆上悬挂风能收集器。 作为奥迪在我国首家投产即实现碳中和的生产基地，奥迪一汽新能源在厂区内铺设了超过32万平方米的 光伏设施，预计年发电量超过3500万度。 "为保证奥迪一汽新能源项目顺利建设投产，我们在项目前、中、后期都采用驻厂式服务，会同绿色低 碳领域专家团队，开展'零碳工厂'调研帮扶，为企业输送政策、答疑解惑。"长春市生态环境局汽车经 济技术开发区分局局长张孝生说，目前全区有4家单位正在创建零碳或近零碳园区工厂。 近年来，长春大力发展生物医药、新材料、人工智能等战略性新兴产业，推动产业链向高端化、智能 化、绿色化方向发展。 建设永春生物医药城是长春市立足城市产业特色、支撑全省高质量发展的需要，作为东北生物医药产业 新 ...

每经记者｜赵雯琪 每经实习编辑｜余婷婷 图片来源：企业供图 在全球气候变化与消费者环保意识觉醒的双重背景下，企业如何平衡商业增长与可持续发展？对此，欧莱雅中国及北亚首席可持续发展官朴智鲜接受了《每 日经济新闻》记者文字专访。在朴智鲜看来，企业探索绿色转型过程中，消费者的热情、持续的引导和参与至关重要。此外，可持续发展不是短跑，而是一 场马拉松。在这个过程中，不仅是欧莱雅，更需要化妆品行业乃至跨行业的生态系统合作伙伴共同努力。 打破"知行鸿沟" 携手共进是关键 在全球气候变化与消费者环保意识觉醒的双重背景下，企业如何平衡商业增长与可持续发展？作为全球美妆行业龙头，欧莱雅从一瓶可替换装面霜到整个产 业链的碳中和实践，都在试图证明：环保与商业并非对立，而是可以共生的进化方向。 朴智鲜告诉记者，许多中国消费者对可持续发展和减碳重要性的认识仍在发展中，超过75%的消费者表达了做出可持续购买决定的意愿，但只有不到三分之 一的消费者在可持续性方面采取了行动。传统的消费习惯，例如优先考虑便利性和价格而不是环保性，可能会阻碍可持续实践的采用。 这也几乎是所有企业在绿色转型过程中不可避免会遇到消费者习惯和意识的知行差距问题。经过 ...

Core Viewpoint - Inner Mongolia Power Investment Energy Co., Ltd. (referred to as "Power Investment Energy") is undergoing a significant asset restructuring process, planning to acquire 100% equity of Baiyinhua Coal Power Co., Ltd. from its controlling shareholder, State Power Investment Corporation [1][11]. Group 1: Company Overview - Power Investment Energy was established in 2001 and listed on the Shenzhen Stock Exchange in April 2007. Its business includes coal, aluminum, thermal power, and new energy, creating a "coal-new energy-electricity-aluminum" circular economy model [4]. - As of April 30, Power Investment Energy's stock price was 17.85 yuan, with a market capitalization of approximately 40 billion yuan [5]. Group 2: Financial Performance - Power Investment Energy has achieved continuous revenue and net profit growth for four consecutive years from 2021 to 2024. In 2024, the company reported a net profit of 5.341 billion yuan, a year-on-year increase of 17.15% [7][8]. - The main drivers for profit growth include increased sales prices and volumes of coal and aluminum products, as well as significant growth in photovoltaic and wind power sales, with increases of 94.70% and 94.96% respectively [7]. Group 3: Asset Restructuring Details - The planned acquisition of Baiyinhua Coal Power, which has a registered capital of 3.86 billion yuan, aligns closely with Power Investment Energy's existing business operations [12][13]. - Baiyinhua Coal Power has unique resource advantages, including a coal supply that can reduce transportation costs by approximately 30%, and a 300MW photovoltaic project that generates an average of 450 million kWh annually, supporting Power Investment Energy's transition to "green electricity aluminum" [13]. - The restructuring is expected to enhance Power Investment Energy's competitiveness by integrating the entire supply chain from coal mining to thermal power and green electricity production, thereby improving cost efficiency and market position [14]. Group 4: Industry Context - The energy sector is undergoing significant transformation, with increasing demand for clean energy and pressure on traditional thermal power companies to transition to greener practices. This context makes the asset restructuring of Power Investment Energy particularly significant [11].

Core Viewpoint - The recent announcement by Inner Mongolia Power Investment Energy Co., Ltd. regarding a significant asset restructuring process with its controlling shareholder, State Power Investment Corporation, highlights the company's strategic move to enhance its operational efficiency and market competitiveness through the acquisition of Baiyin Hwa Coal Power Co., Ltd. [1][3][10] Company Overview - Inner Mongolia Power Investment Energy Co., Ltd. was established in 2001 and listed on the Shenzhen Stock Exchange in April 2007. The company operates in coal, aluminum, thermal power, and new energy sectors, creating a "coal-new energy-electricity-aluminum" circular economy model [5]. - As of April 30, the company's stock price was 17.85 yuan, with a market capitalization of approximately 40 billion yuan [6]. Financial Performance - The company has experienced continuous growth in revenue and net profit for four consecutive years from 2021 to 2024. In 2024, the company achieved a net profit attributable to shareholders of 5.34 billion yuan, a 17.15% increase year-on-year, driven by higher sales prices and volumes of coal and aluminum products, as well as significant growth in solar and wind energy sales [8][9]. - Key financial metrics for 2024 include: - Revenue: 29.86 billion yuan, up 11.23% from 2023 - Net profit: 5.34 billion yuan, up 17.15% from 2023 - Basic earnings per share: 2.38 yuan, up 12.80% from 2023 [9]. Strategic Asset Restructuring - The proposed acquisition of 100% equity in Baiyin Hwa Coal Power is currently in the planning stage, with discussions ongoing and no formal agreements signed yet. The transaction is expected to enhance the company's operational capabilities and align with its strategic goals [3][10]. - Baiyin Hwa Coal Power, established in 2003, has a registered capital of 3.86 billion yuan and operates in coal production, coal chemical processing, and comprehensive utilization of coal ash, which complements the existing business of Inner Mongolia Power Investment Energy [10]. Industry Context - The energy sector is undergoing significant transformation, with increasing demand for clean energy and pressure on traditional thermal power companies to transition to greener, low-carbon operations. The asset restructuring is seen as a critical step for Inner Mongolia Power Investment Energy to adapt to these industry changes [10]. - The integration of Baiyin Hwa Coal Power is expected to create a full supply chain from coal mining to thermal power and green aluminum production, enhancing the company's cost competitiveness and operational efficiency [10]. Future Outlook - The completion of the restructuring is anticipated to optimize the company's industrial structure, improve profitability, and strengthen market competitiveness. The company aims to leverage this opportunity to achieve sustainable growth amid industry changes [11].

Core Viewpoint - Chinese automotive and battery companies are actively expanding into overseas battery recycling markets, forming strategic partnerships to establish a global recycling and after-sales service network [2][3][8]. Group 1: Strategic Partnerships - Guoxuan High-Tech and JinJing New Energy have formed a strategic partnership to build a battery recycling and after-sales service system, aiming to establish 100 service points globally [2][3]. - Huayou Recycling has signed a memorandum of understanding with France's Suez to explore battery recycling cooperation in Europe, indicating a trend of international collaboration in this sector [4][8]. Group 2: Market Expansion - Companies like BYD and Guoxuan High-Tech are entering the overseas battery recycling market, with BYD signing a three-year exclusive recycling agreement in Australia [6][8]. - The global market for battery recycling is expected to grow significantly, with projections indicating that by 2030, the European battery market could reach hundreds of billions of euros [11]. Group 3: Technological and Regulatory Challenges - The EU's new battery regulations impose strict requirements on battery manufacturers, including extended producer responsibility and high recovery rates for key metals [16][17]. - Chinese companies face challenges in logistics efficiency and high transportation costs when operating overseas, which can impact recovery efficiency and overall costs [12][16]. Group 4: Future Outlook - The increasing demand for battery recycling is driven by the growing number of electric vehicles, with predictions of significant volumes of retired batteries in the coming years [11][12]. - The establishment of a robust recycling network and compliance with international regulations will be crucial for Chinese companies to succeed in the global battery recycling market [20][21].

Core Viewpoint - Fugu County is transforming from a resource-dependent economy to a green, sustainable model, exemplifying the concept that "lucid waters and lush mountains are invaluable assets" through ecological restoration and industrial restructuring [2][11]. Group 1: Ecological Restoration - Fugu County has initiated a comprehensive air quality improvement campaign, significantly reducing PM2.5 levels, with a 34.6% decrease compared to the previous year, achieving the best air quality in its history [6]. - The county has implemented a "full-area greening" project, planting 297,000 acres of trees and grass over three years, contributing to ecological protection and restoration [6]. - A multi-faceted pollution control system has been established, focusing on industrial, mobile, and dust sources, resulting in the environmental remediation of 76 enterprises and 9 coal transport routes [5][6]. Group 2: Urban Renewal - Urban renewal efforts have benefited 7,939 households through the renovation of old neighborhoods, with the addition of over 6,500 parking spaces and the implementation of a comprehensive green space strategy [7]. - The county has integrated green concepts into urban planning, achieving a significant increase in green coverage and improving the quality of life for residents [7][10]. - Initiatives promoting waste sorting and recycling have been introduced, fostering a culture of sustainability among residents [10]. Group 3: Industrial Transformation - Fugu County is focusing on enhancing the "green content" of its industries, particularly in the magnesium sector, by upgrading technology and implementing environmental standards [11][14]. - The establishment of a circular economy in the magnesium industry has been prioritized, creating a comprehensive industrial chain that promotes sustainable development [14]. - The county aims to demonstrate that resource-based cities can achieve economic growth while maintaining environmental protection through innovative practices [14][16].

Core Viewpoint - The State Power Investment Corporation (SPIC) is consolidating its coal power assets by acquiring 100% equity of Inner Mongolia Baiyinhu Coal Power Co., Ltd. through its listed subsidiary, Power Investment Energy [1][2]. Group 1: Company Overview - Power Investment Energy, formerly known as Open-pit Coal Industry, is the largest coal enterprise in Eastern Mongolia and Northeast China, with a market capitalization of 40 billion yuan as of April 30 [1]. - The company has a coal production capacity of 48 million tons and operates a 600MW power generation unit that is a key peak-shaving unit in the Northeast power grid [1][2]. Group 2: Acquisition Details - Baiyinhu Coal Power, established in 2003, has a registered capital of 3.862 billion yuan and is fully owned by SPIC [2]. - Baiyinhu Coal Power's core asset is the Baiyinhu No. 2 mine, with an annual coal production capacity of 15 million tons, primarily supplying coal to Northeast China [2]. Group 3: Strategic Implications - The acquisition is expected to expand Power Investment Energy's business scale and align with its strategy of balanced growth, focusing on clean energy transition and intelligent coal mining [3][4]. - The company aims to develop a circular economy model integrating coal, electricity, and aluminum production, similar to its existing operations at the Hohhot River site [4]. Group 4: Industry Context - SPIC's coal production capacity is concentrated in Eastern Mongolia, totaling 86.3 million tons as of the end of 2023, with significant assets in the Hohhot River and Baiyinhu coalfields [5]. - The restructuring efforts are part of SPIC's broader strategy to optimize resource allocation and enhance its position in the energy sector, potentially leading to a more integrated energy group with diverse power generation capabilities [7].

Core Insights - Ruthenium, a rare platinum group metal, has a unique industrial value and is significantly rarer than gold and platinum, with an abundance of only 5×10⁻⁹ in the earth's crust, leading to a current international recovery price exceeding $800 per ounce, reflecting a growth of over 300% in the last decade [1][5] Physical and Chemical Properties - Ruthenium exhibits three notable advantages: a super high melting point of 2334℃, which is 566℃ higher than platinum and 2.2 times that of gold, making it ideal for extreme applications like aerospace components and nuclear reactor control rods [3] - It shows superior stability against strong corrosive media at room temperature compared to platinum, making it irreplaceable in organic synthesis catalysts [3] Market Vulnerability - The global annual production of ruthenium is only about 12 tons, which is 0.03% of gold production, and it heavily relies on a few countries like South Africa and Russia for mining [5] - The recovery rate of ruthenium is less than 30%, leading to a high price volatility with an annualized volatility of 28% over the past five years, highlighted by a 65% price surge within three months due to supply chain disruptions from the Russia-Ukraine conflict in 2022 [5] Circular Economy Perspective - From a circular economy viewpoint, recovering 1 kilogram of ruthenium can reduce 3.2 tons of electronic waste landfill and avoid emissions equivalent to 15 tons of CO2 [7] - The cost of recycled ruthenium is 40%-60% lower than that of primary mined products, and the application costs in emerging industries like G chips can decrease by 25%-35% [7] - Advanced separation technologies can enhance the recovery purity of ruthenium from electronic waste to 99.99%, providing critical material support for the semiconductor industry [7] Strategic Importance - Ruthenium's recovery and utilization have transcended mere commercial interests to become a matter of resource security, with the EU's Critical Raw Materials Act listing it as one of 20 strategic metals, aiming for 50% self-supply by 2030 [7] - China's 14th Five-Year Plan for Circular Economy Development also emphasizes establishing a recycling system for platinum group metals [7] - The demand for ruthenium-based catalysts in proton exchange membrane fuel cells is expected to grow at an annual rate of 15%, underscoring the urgency of developing a closed-loop recovery system [7]

Core Insights - The coal industry in China reported mixed results for Q1 2025, with over 70% of listed coal companies remaining profitable, yet most experienced significant declines in net profit year-on-year, with some companies even reporting losses [1][4][12] - Baofeng Energy, led by Ningxia's richest man, achieved a remarkable net profit growth of 71.49%, standing out in an otherwise declining industry [1][8] Financial Performance Summary - Major coal companies reported the following net profits and year-on-year changes: - China Shenhua: 11.949 billion, -17.96% - Shaanxi Coal and Chemical: 4.805 billion, -1.23% - Baofeng Energy: 2.437 billion, +71.49% [2] - A total of 32 out of 39 listed coal companies saw a decline in net profit, with 12 companies experiencing declines over 30% [4][12] Factors Behind Profit Decline - Market price fluctuations have directly impacted coal company profits, with average prices for major coal types, such as thermal coal, dropping approximately 25% year-on-year [5][6] - The supply-demand imbalance is exacerbated by a warm winter and increased renewable energy generation, which saw a 18.7% year-on-year increase in wind and solar power output [5][12] - Rising production costs due to deeper mining and increased safety and environmental expenditures have further squeezed profit margins [6][12] Baofeng Energy's Growth Strategy - Baofeng Energy's success is attributed to its integrated "coal-coke-chemical" business model, which allows it to convert raw material advantages into high-value products [8][9] - The company's olefin project has become a significant profit driver, with a production efficiency that exceeds industry averages [8][9] - Investment in technology and digital transformation has enhanced operational efficiency and reduced costs, contributing to its strong performance [9][11] Industry Challenges - The coal industry faces significant challenges from the dual carbon goals and the increasing competitiveness of renewable energy sources [12][13] - The average utilization hours for thermal power plants have decreased, indicating a decline in coal demand [13][14] - The industry is experiencing a supply surplus, with total coal production capacity exceeding 4.5 billion tons per year, while consumption is projected at around 4.2 billion tons [13][14] Conclusion - The Q1 2025 performance of the coal industry reflects the urgent need for transformation amid evolving energy dynamics, with a clear divide emerging between companies that adapt and those that do not [16]

Group 1 - The core viewpoint of the articles highlights a significant increase in the recycling orders and transactions of the company during the May Day holiday, driven by the effective implementation of the trade-in policy across various regions [1][2] - The total number of recycling orders during the May Day period grew by 40%, while offline store transaction orders surged by 50% [1] - The recycling orders for personal care small appliances, kitchen appliances, and photography equipment saw remarkable year-on-year increases of 700%, 550%, and 106% respectively [1] Group 2 - The company has opened over 800 stores nationwide, covering more than 300 cities, providing a wide range of services including the recycling and retail of 10 categories of digital 3C products [2] - Major cities such as Chengdu, Chongqing, Beijing, Guangzhou, and Shenzhen ranked among the top ten in terms of second-hand transaction orders, indicating that first-tier and new first-tier cities remain the most active in second-hand trading [2] - The total weight of gold recycled during the holiday period increased by over 367% year-on-year, reflecting a growing interest in gold recycling amid significant price fluctuations [2]