Core Viewpoint - Beiyuan Group (601568.SH) has established an integrated circular economy industrial chain that includes coal, salt, power generation, calcium carbide, chlor-alkali chemicals (ion membrane caustic soda, PVC), and comprehensive utilization of industrial waste to produce cement, which aligns with the policy of "coal and new energy integration development" [1] Group 1 - The company has built a 300MW photovoltaic power generation project, demonstrating a solid foundation for the collaborative utilization of energy resources [1] - The company's strategic direction focuses on energy conservation and emission reduction, optimizing energy structure, and lowering overall energy consumption, which is positively influenced by the current policy environment [1] - The integration of coal and new energy development is expected to significantly promote the company's green transformation and development [1]