产业升级伴随观念碰撞。几年前，湾龙背村一组组长姜德雪辞去城里的工作返乡种葡萄，他坚持高价购 买有机肥，父辈却心疼成本。结果证明，科学种植提升了葡萄品质，这才渐渐打消了大家的疑虑。 如今，姜德雪更看重产业的可持续发展。"我想扩大规模，但面对产业升级的风险，深感自身知识储备 不足。"因此，他期盼更多有见识的年轻人返乡创业，用新思维打造叫响又叫座的桓仁品牌，这也是黑 土地对新农人的渴望。 冰酒酿造，对温度、湿度等要求极为苛刻。在张裕冰酒酒庄，酿酒师刘勇强紧盯设备数据。这里拥有先 进设施，但核心工艺仍"靠天吃饭"。"我们调研了新疆、宁夏很多地方，最终选定桓仁，就是因为这里 得天独厚的'微气候'。"刘勇强解释道，桓龙湖冬季形成的独特局地自然湿度条件，既能防止葡萄风 干，又能保证其在零下8摄氏度自然结出完美冰晶。 辽宁三合酒业筛选冰葡萄的标准更加极致。"亩产要控制在600公斤以内，坚持自然冰冻48小时以上，手 工穗选……"董事长蔡龙麟说，他们的产品连续6年获得Decanter世界葡萄酒大赛(DWWA)金奖，还曾获 得"世界最佳甜型葡萄酒"大奖。 还有大型酒庄在桓仁搭建直播间，通过线上带货拓宽当地冰葡萄酒销路。酒庄坚持"公 ...

值得一提的是，报喜鸟正式加入了科学碳目标倡议（SBTi），启动中长期减排路径制定工作，确保减排目标精准锚定《巴 黎协定》1.5℃温控要求；同时在董事会下设可持续发展委员会，将ESG战略、气候风险管理全面融入决策与管理全流程，为战 略落地提供坚实制度保障。 据悉，CDP对企业在气候治理、减排战略、排放核算及气候风险管理等方面提出高度系统化、量化的披露要求，整体填报 难度和专业门槛较高。近年来，报喜鸟坚定不移推进"双碳"战略落地，聚焦能源优化、碳管理精细化、供应链协同减排等核心 领域，主动对标国际气候治理框架，持续提升可持续发展硬实力，成功斩获国家级绿色工厂等重磅荣誉。 本报讯 （记者吴奕萱）1月15日，报喜鸟控股股份有限公司（以下简称"报喜鸟"）通过微信公众号发布消息，近日，全球 环境信息披露权威机构CDP（Carbon Disclosure Project）正式发布2025年气候变化问卷评级结果，报喜鸟凭借在气候治理、碳 排放管理及信息披露等方面的系统性实践，首次参与CDP气候变化评级并获评B级。 （编辑 张伟） ...

"坚持高质量发展"是"十五五"时期经济社会发展必须遵循的原则之一。 2026年是"十五五"开局之年，当前，外部环境变化影响加深，国内供强需弱矛盾突出，重点领域风 险隐患较多。 习近平总书记在中央经济工作会议上强调："推动高质量、可持续的发展。"这为中国经济航船破浪 前行提供了科学指引，我们要深刻理解把握。 （一） 推动高质量、可持续的发展，就是要完整准确全面贯彻新发展理念，推动经济实现质的有效提升和 量的合理增长。 习近平总书记强调："始终以创新、协调、绿色、开放、共享的内在统一来把握发展、衡量发展、 推动发展"。 现阶段，我国经济发展的要素条件、配置效率等发生改变，面临的约束增多。坚持新发展理念，推 动质量变革、效率变革、动力变革，是统筹好提升质量和做大总量这对重要关系的必然选择。 比如，增强创新第一动力。 车间内，人形机器人化身质检员，对车标及车灯实施毫米级无损伤检测；生活中，智能仿生手让断 臂小伙"无碍"生活；矿山里，无人矿卡可在零下40摄氏度的极寒天气连续作业……突破一项关键技术， 往往能够盘活多个细分行业，最终对经济高质量发展形成积极带动。 如今，人工智能技术正从实验室走向生产生活，催生出人形机器人 ...

近年来，全球可持续发展进程面临愈发复杂和多变的外部环境，政治、经济等领域的不确定性和挑战日 益显现。受此影响，2025年对于企业净零行动的生态圈来说，可谓是开局不利。 2024年12月至2025年初，包括高盛（Goldman Sachs）、富国银行（Wells Fargo）、花旗集团 （Citigroup）在内的6家美国大型银行相继退出由联合国支持的净零银行业联盟（NZBA）。受此影 响，后续又有其他地区的银行选择退出这一联盟，最终导致该联盟在2025年10月宣布停止运作并转型为 非会员制框架。这一事件被视为可持续发展领域遭遇挫折的标志性体现。 2025年，一些大型企业也出现了气候目标调整的动向。例如，英国大型连锁超市Morrisons在2025年将 其原定于2035年实现净零碳排放的目标推迟到2050年；挪威能源公司Equinor也削弱了其原有的气候雄 心，放弃了对2030年可再生能源和低碳技术投资占比超过50%的承诺，下调了中期减排目标......这些案 例均显示出，在全球地缘政治局势紧张、经济发展前景不确定性增加的环境下，企业净零承诺的坚定性 仍面临现实考验。 登录新浪财经APP 搜索【信披】查看更多考 ...

Financial Data and Key Metrics Changes - The company's pre-tax profit grew from $5.4 billion in fiscal 2020 to over $10.8 billion in fiscal 2025, indicating a significant increase in profitability [12]. Business Line Data and Key Metrics Changes - The company has installed over 20 EV charging locations globally this year, reflecting its commitment to adapting to member needs [16]. - The company continues to rotate products based on member demand, as seen with the discontinuation of MyPillow due to declining sales [18]. Market Data and Key Metrics Changes - The company is actively pursuing new locations, with plans to open 30 new locations in the next year, indicating ongoing market expansion [25]. Company Strategy and Development Direction - The company is focused on balancing emissions reductions with business growth, emphasizing a practical approach to its climate action plan adopted in 2020 [12]. - The company is committed to enhancing its product offerings with a focus on clean ingredients, which is a top priority for its buyers [22]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain profitability while pursuing growth and sustainability initiatives [12]. - The company is not currently planning to expand into South America or India, indicating a focused approach to market entry [31]. Other Important Information - The shareholder proposal regarding financial risks and costs of climate commitments was overwhelmingly rejected, with over 98% voting against it [14]. - The company has reformulated Roundup products to remove concerning chemicals while still meeting member demand [22]. Q&A Session All Questions and Answers Question: Has the company considered installing additional EV charging stations? - Yes, over 20 locations have been added this year, and the company will continue to monitor member needs for future installations [16]. Question: What happened to the My Pillow product? - MyPillow was discontinued due to declining sales, which is a common practice based on member demand [18]. Question: Are the company's Scope 3 reduction targets for suppliers voluntary or business imperatives? - Currently, there are no business imperatives related to Scope 3; all imperatives are related to Scope 1 and 2 [19]. Question: Is there any consideration for a stock split or special dividend this year? - Both stock splits and special dividends are regularly discussed with the board, but there is nothing to report at this time [20]. Question: Will Costco commit to removing Roundup products from its warehouses? - The company plans to continue selling Roundup as it meets member demand, but has reformulated it to remove glyphosate [21][22]. Question: What are the company's plans for entering new markets? - The company plans to open 30 new locations, with a third of those in new markets, indicating ongoing expansion efforts [25]. Question: Can you update on the progress of the company opening freestanding gas stations? - There are currently four freestanding gas stations in process, aimed at enhancing service near existing warehouses [27]. Question: How does the company plan to maintain its corporate culture with new executives? - The company is focused on teaching its culture to new hires, particularly in IT, to ensure alignment with corporate values [29].

南非林业、渔业和环境部不久前在全国范围内组织发起"植树百万"活动，民众一天内就在南非全国9个 省种下100万棵树。为保护森林生态系统、应对气候变化，南非政府将植树活动纳入国家战略，设定了 明确的量化目标与时间表。2021年，"植树千万"计划正式启动，拟在5年内每年种植200万棵树，到2026 年年底实现种植1000万棵树的目标，目前已完成栽种700万棵。 南非森林资源丰富，天然森林面积达1900万公顷，约占国土面积16%，主要集中在东部沿海地区。近年 来，在气候变化加剧、外来树种入侵及人类活动破坏等多重因素影响下，南非森林资源面临退化风险。 南非豪登省环境厅厅长博塔表示，"植树千万"计划实施效果显著，树立了在植树、维护生物多样性、防 控外来物种等方面实现可持续发展的典范。 南非政府还通过设立奖励机制、加强环保教育等，积极引导社会各界参与环保活动。在此前的"全国植 树月"中，南非政府开展"植树城市"表彰活动，旨在鼓励为"植树千万"计划作出突出贡献并在城市规划 中引入绿色环保倡议的城市。此外，南非积极组织各学校、社区在植树月期间举办环保宣传讲座等活 动，扩大环保教育覆盖面，在日常生活中增强民众环保意识。 数字赋能 ...

第第第第第⼋⼋⼋⼋⼋届届届届届进进进进进博博博博博会会会会会 帝帝帝帝帝⼈⼈⼈⼈⼈集集集集集团团团团团展展展展展台台台台台 技技技技技术术术术术演演演演演讲讲讲讲讲会会会会会专专专专专题题题题题VVVVVooooolllll..... 帝⼈碳纤维事业部 部⻓ 朱剑林 先⽣ 请咨询我们 若您对我们的产品感兴趣，或者想要了解更多产品及服务相关的信息，欢迎咨询我们的微信客服， 具体⽅法如下。 关于帝人集团 帝⼈（Teijin）成⽴于1918年，总部设⽴在⽇本东京和⼤阪。经过107年的发展，公司主要经营领域包括复 合成形材料、芳纶纤维、碳纤维、树脂等材料业务，以及医药医疗业务。集团在全球拥有150家⼦公司以及 约20,000名员⼯。帝⼈集团将"Pioneering solutions together for a healthy planet"作为企业存在 的意义，致⼒于保护全球环境和满⾜⼈们和地区的需求，成为"推动未来社会发展的企业"。 帝⼈碳纤维事业部 致⼒于成为全球领先的可持续碳纤维解决⽅案供应商，产品线涵盖Tenax™系列⾼ 性能碳纤维（含⻓丝、短纤维）、热可塑性预浸料（TPUD单向⽚、TPCL加固层压板、T ...

Group 1 - In 2025, China's economy demonstrates strong resilience and vitality, continuously consolidating a "stable" pattern and enhancing "progress" momentum, injecting valuable confidence into the world economy [1][16] - Foreign enterprises are optimistic about China's development prospects and are increasing their investment, sharing the broad opportunities brought by China's high-level opening and high-quality development [1][16] - Foreign business leaders believe that China's policies to expand openness and optimize the business environment have created a more transparent, stable, and predictable investment environment [1][16] Group 2 - Michelin's joint venture in Shenyang, established in 1995, reflects the company's long-term commitment to the Chinese market, which has become the world's largest automotive consumer market [2][17] - The Shenyang factory has an annual production capacity of 17.1 million passenger car tires and has produced a cumulative total of 100 million tires [4][19] - Bayer has invested over 1 billion yuan in its crop science supply center in Hangzhou, which has recently launched a new manufacturing center with an annual output value of 2 billion yuan [4][19] Group 3 - Messer's new factory project in Hangzhou, with an initial investment of 50 million USD, aims to produce 300,000 tons of industrial and specialty gases annually [6][21] - BMW's Shenyang plant has implemented approximately 200 artificial intelligence applications, significantly enhancing production efficiency, with one in four BMW cars sold globally manufactured in China [8][24] - The establishment of the first German center in Shenyang by the German Federal Association of Small and Medium-sized Enterprises aims to promote industrial interaction and attract more German enterprises [10][26] Group 4 - The continuous improvement of the business environment in Shenyang has attracted foreign investment, with companies like HJ Biotech expressing confidence in the market's appeal [12][28] - The local government has implemented various measures to optimize the investment environment, including establishing a business service system for foreign-invested enterprises [15][31] - Shenyang has developed a strong industrial ecosystem, particularly in high-end equipment manufacturing and new energy vehicles, providing substantial support for foreign enterprises [15][31]

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - In 2025, the issuance scale of panda bonds exceeded 160 billion yuan, ranking second in history. Benefiting from factors such as the cost - advantage of domestic financing, continuous introduction of policy optimization, and the improvement of RMB internationalization, it is expected that panda bonds will remain popular in 2026, and the issuance volume may stay at a historically high level [1][34] 3. Summary According to the Directory 3.1 2025 Panda Bond Issuance Overview - **Issuance Scale and Quantity**: In 2025, 44 entities issued 114 panda bonds with a total scale of 163.66 billion yuan. The number of issuers remained the same as last year, the number of issuance periods increased by 4.5% year - on - year, and the scale decreased by 16.0% year - on - year but was still at a high historical level [3] - **Reasons for High - level Issuance**: Firstly, the domestic financing cost has an advantage, and the panda bond market is still attractive to overseas issuers. Although the interest rate spread has narrowed due to the continuous interest rate cuts by European and American central banks, the domestic financing cost is still low. Secondly, policies for optimizing panda bond systems were continuously introduced, providing institutional convenience. Thirdly, the internationalization of the RMB continued to improve, and the exchange rate strengthened, increasing the attractiveness of RMB assets [5][8][11] 3.2 Characteristics and New Trends of the 2025 Panda Bond Market - **Low - interest Environment and Cost Reduction**: The domestic market maintained a low - interest environment. The issuance of panda bonds was concentrated in the medium - and long - term, and the average issuance cost hit a new low. The issuance volume of panda bonds reached a peak from June to July, and there was a significant correlation between the monthly issuance scale and the domestic interest rate trend [13][14] - **Optimized Issuer Structure**: The issuer structure of panda bonds was more optimized. The proportion of panda bond issuers with foreign backgrounds reached a new high since 2019, and the sources of issuers were more diversified. The registration locations of issuers showed a decentralized trend [15] - **Diversified Industry Distribution**: The industry distribution of panda bond issuers was relatively diversified. Financial institutions ranked first in the issuance scale, and the scale of panda bonds issued by the daily consumption industry decreased significantly. There were new issuances of sovereign panda bonds [19][20] - **Reduction in Rated Bond Quantity**: The number of panda bonds issued with ratings decreased. The credit ratings of bonds were mainly concentrated in the AAA level, and the proportion of unrated panda bonds increased [21] - **Change in Sustainable Development - themed Bonds**: The issuance scale of sustainable development - themed panda bonds continued to decline. Green panda bonds accounted for the highest proportion, and product innovation was more active, with new science - and technology innovation panda bonds issued [24][25] 3.3 Outlook for the 2026 Panda Bond Market - **Low Financing Cost**: It is expected that the financing cost of panda bonds will remain low in 2026. The PBOC will continue to implement a moderately loose monetary policy, and the Fed's monetary policy may continue to be loose, but there are significant differences in the interest rate cut rhythm. The relative financing cost advantage of the RMB still exists, but the inversion of the Sino - US interest rate spread may continue to narrow [27][29] - **Continuous Improvement of External Conditions**: RMB internationalization is expected to continue to advance, and relevant panda bond regulations are expected to be continuously improved. The PBOC welcomes more overseas entities to issue panda bonds, which will provide a good external environment for the panda bond market [30][31] - **High Refinancing Demand**: In 2026, the panda bond market will face a peak of maturity and repayment. The high refinancing demand will support the issuance of panda bonds [32] - **Diversified Expansion of Issuers**: Driven by the Belt and Road Initiative and multilateral mechanisms, the panda bond market will see opportunities for the expansion of diversified issuers in 2026 [33] - **Overall Forecast**: In 2026, panda bonds are expected to remain popular, and the issuance volume may stay at a historically high level [34]

新华财经雅加达1月15日电 印度尼西亚国防部长沙夫里·沙姆苏丁13日在南加里曼丹省塞唐加经济特区， 出席PT ABEB电池前驱体材料工厂落成仪式。该项目被视为印尼推进矿产资源下游化和新能源产业发 展的重要举措。 PT ABEB为中伟股份与印尼约翰林集团（Jhonlin Group）合作设立的企业，主要从事以镍为基础的三元 前驱体材料生产，产品用于锂电池正极材料制造，服务于电动汽车和储能系统等领域。 沙夫里在致辞中表示，印尼近年来加快发展国内加工产业，通过下游化方式开发和利用自然资源，不仅 有助于提升资源附加值，也有利于增强本土产业能力，并为包括国防工业在内的战略领域提供支撑。他 指出，随着项目逐步投产，预计到2026年，印尼将在电池原材料领域和相关关键技术方面取得积极进 展。 中伟股份董事长邓伟明表示，项目全面投产后预计将创造约1000个就业岗位。公司将严格遵守印尼法律 法规，推进清洁生产技术应用，坚持环境保护和可持续发展原则，并持续深化与各方合作，积极参与印 尼新能源产业发展。 据介绍，PT ABEB工厂规划年产能为2万吨三元前驱体材料，该产品是锂电池产业链中的重要中间材 料。项目投产后，有望进一步完善印尼 ...