Core Points - The 69th General Conference of the International Atomic Energy Agency (IAEA) is being held in Vienna, Austria, showcasing China's achievements in nuclear energy development [1] - The exhibition titled "Nuclear Beautiful Home: Achievements of China's Nuclear Energy Development" highlights China's advanced nuclear power technology, industrial chain construction, integration of artificial intelligence, and multi-purpose applications [1] - Key themes of the exhibition include "Supporting a Low-Carbon Future," "Building Resilient Supply Chains," "AI Empowering Development," and "Leading Diversified Application Innovations" [1] Summary by Categories Nuclear Energy Development - The exhibition systematically showcases China's comprehensive technological strength in nuclear energy, emphasizing the scale of nuclear power development and the advantages of third-generation passive nuclear power technology in safety, economy, and low carbon [1] Industrial Chain and Technology - The exhibition displays key equipment in China's nuclear power industry chain and achievements in independent research and development [1] Artificial Intelligence Integration - The integration of artificial intelligence technology in nuclear energy design, operation, and maintenance is highlighted through in-depth case studies [1] Multi-Purpose Applications - The exhibition also introduces the diverse applications of nuclear energy in heating, medical, and industrial sectors [1] International Collaboration - The Director of the National Nuclear Safety Administration of China, Shan Zhongde, and IAEA Director General Grossi visited the exhibition, with Grossi noting that the exhibition provides insight into how China contributes to a low-carbon future through peaceful nuclear technology, including AI applications [1]

Core Viewpoint - The Shandong Clean Energy Industry Expo will be held from September 15 to 17, 2025, in Yantai, focusing on the theme of "Developing Clean Energy and Sharing a Low-Carbon Future" [1] Group 1: Event Details - The expo has completed all preparatory work and has released a visitor guide for efficient navigation [1] - The event will feature five major exhibition areas: hydrogen energy industry, lithium batteries and wind-solar storage and charging, new power system technologies and equipment, new power system technologies and equipment, and zero-carbon parks/factories and smart energy technologies [1] Group 2: Exhibition Highlights - The expo aims to systematically showcase innovations across the entire industry chain, from energy production, storage, transmission, to application [1] - Attendees can quickly locate target exhibition areas using a guide map or the official app [1]

Group 1 - The 2025 Shandong Clean Energy Industry Expo will be held from September 15 to 17 in Yantai, focusing on the theme "Developing Clean Energy, Sharing a Low-Carbon Future" [1] - The expo is co-hosted by the Shandong Provincial Council for the Promotion of International Trade and the Yantai Municipal People's Government, with support from several national industry associations [1] - The total exhibition area will be 30,000 square meters, featuring over 300 participating companies and 11 specialized conferences [1] Group 2 - The event aims to invite representatives from research institutions, industry associations, leading companies, and innovative enterprises to promote international exchanges in the clean energy sector [1] - The expo will serve as a platform for showcasing new ideas, technologies, models, and equipment in the clean energy field [1]

Group 1 - The 2025 Shandong Clean Energy Industry Expo will be held from September 15 to 17 in Yantai, focusing on the theme "Developing Clean Energy, Sharing a Low-Carbon Future" [1] - The expo is co-hosted by the Shandong Provincial Council for the Promotion of International Trade and the Yantai Municipal People's Government, with support from several industry associations [1] - The total exhibition area will be 30,000 square meters, featuring over 300 participating companies and 11 specialized conferences [1] Group 2 - The event aims to invite representatives from research institutions, industry associations, leading companies, and innovative enterprises to promote international exchange in the clean energy sector [1] - The expo will serve as a platform for showcasing new ideas, technologies, models, and equipment in the clean energy field [1]

Financial Performance & Strategy - Mercury's FY25 EBITDAF was $786 million[23] - The ordinary full-year dividend for FY25 was 24 cents per share[23] - FY26 guidance includes an EBITDAF of $1 billion and a dividend of 25 cents per share, with Stay-In-Business (SIB) Capex at $150 million[23] - Mercury aims to deliver 35 TWh of new generation by 2030, increasing total generation by approximately 40% per annum[19] - The company is targeting operating costs of $370 million per annum over FY26-28 through core optimization[28] - Mercury is targeting an EBITDAF between $115 billion and $125 billion by FY30[28] Generation & Development - Total renewable generation in FY25 was 79 TWh, a 10% decrease compared to the previous corresponding period (PCP), primarily due to dry conditions[17] - Mercury has three major builds under construction simultaneously, totaling 11 TWh and $1 billion[17] - The company plans to grow its generation pipeline to over 8 TWh by 2030[28] Customer & Market - Total customer connections increased by 5% to 906k, driven by growth in the multi-product offer[17] - Mercury has signed long-term supply agreements with NZAS, Visy, and Fonterra, representing approximately 1 TWh of electricity per year[104]

Financial Performance - MMG achieved record financial results in the first half of 2025, with Net Profit After Tax (NPAT) of US$566 million, a 612% increase year-on-year[18] - EBITDA increased by 98% year-on-year to US$1,540 million[18] - Revenue increased by 47% to US$2,817 million in 1H 2025 compared to US$1,918 million in 1H 2024[47] - The gearing ratio decreased to 33%, down from 41% at the end of 2024[18] Production and Operations - Copper production increased significantly, with contained metal produced rising to 259kt in 1H 2025, a 64% increase compared to 158kt in 1H 2024[21] - Zinc production saw a slight decrease of 1%, with 108kt produced in 1H 2025 compared to 110kt in 1H 2024[21] - Revenue from copper sales increased to 78% of total revenue in 1H 2025, up from 72% in 1H 2024[22, 23] - Las Bambas copper production reached 211kt in 1H 2025, driven by higher ore milled grades[25, 27] - Khoemacau copper production increased to 22kt in 1H 2025, a 121% increase compared to 1H 2024[60] Strategy and Outlook - MMG is committed to debt reduction, with a focus on enhanced financial strength[73, 75] - The company is investing in growth and capacity expansion projects, including Las Bambas, Kinsevere, and Khoemacau[80, 81] - MMG is pursuing a nickel acquisition with an upfront cash consideration of US$350 million[82]

Core Viewpoint - ASEAN countries possess abundant natural resources, a growing market, a youthful demographic structure, and a shared development destiny, which necessitates enhanced cooperation to accelerate regional green transformation and collectively address the climate crisis while building a low-carbon future [1] Group 1 - ASEAN countries are encouraged to strengthen collaboration to tackle climate challenges [1] - The region's rich natural resources and young population present opportunities for sustainable development [1] - The emphasis is on a collective approach to achieve a low-carbon future [1]