12月10日，中国绿发举办首届品牌开放日活动，以"向新出发"为主题，通过实地探访、核心发布、深度 交流等形式，从品牌革新、科技创新、生态焕新等多个维度，全面展现中国绿发在不同领域的阶段性成 果与前瞻性布局。中国绿发董事、党委副书记、总经理蓝海，人民日报文化传媒有限公司副总经理郝立 鹏，国资报告总经理李煜萍致辞，中国绿发党委委员、工会主席孙文燕主持活动。 △人民日 报文化传媒有限公司副总经理郝立鹏致辞。 △中国绿 发董事、党委副书记、总经理蓝海致辞。 △国资报 告总经理李煜萍致辞。 △中国绿 发党委委员、工会主席孙文燕主持活动。 来自人民日报、新华社、中央广播电视总台、求是杂志、光明日报、经济日报、学习时报、科技日报等 50余家主流媒体走进中国绿发，深入一线了解企业推动高质量发展的实践路径，共同见证绿色发展理念 在新能源、房地产、文化旅游、新兴科技等多场景下的生动落地。 △中国绿 发品牌开放日活动现场。· "十四五"是中国绿发从零起步、全面深化改革的五年，也是蹄疾步稳、加快高质量发展的五年。聚焦主 责主业，中国绿发深入推进国有资本布局优化和结构调整，形成了以新能源、房地产、文化旅游、现代 商业、物业服务和战略性 ...

12月10日，中国绿发举办首届品牌开放日活动。活动以"向新出发"为主题，从品牌革新、科技创新、生态焕新等角度展示中国绿发在不同领域的阶段性成果 与前瞻性布局。 中国绿发品牌开放日活动现场 "十四五"期间，中国绿发深入推进国有资本布局优化和结构调整，形成了以新能源、房地产、文化旅游、现代商业、物业服务和战略性新兴产业为主的全国 性产业布局。新能源产业规模效益实现质的跨越，装机规模增长近10倍，跻身行业前列；房地产业保持健康稳定并持续探索转型升级；文旅商业物业产业经 营质效提升，打造了集旅游度假、美好生活、健康养老、商务生产于一体的文旅商业体系；成立7家科技公司，布局液态空气储能、自同步电压源友好并网 等一批新技术、新产业（300832）。 活动现场，中国绿发发布品牌战略规划，解读品牌体系及战略模型，明确下一阶段品牌建设方向、路径与重点举措。品牌体系方面，构建了以"中国绿发"主 品牌为统领，六大产业品牌为支撑，多元产品、服务品牌协同发展，层级清晰、协同联动的"1+6+N"品牌架构。同时，提出"绿立方"品牌战略模型。 中国绿发介绍了旗下华美胜地产品品牌，该品牌汇聚顶级绿水青山资源，深度融合优质自然资源与前瞻性规划理 ...

Core Insights - The world's largest liquid air energy storage demonstration project, developed and constructed independently by China, has completed its infrastructure and equipment installation, now entering the debugging phase [1] Project Overview - The project is located in Golmud City, Haixi Mongolian and Tibetan Autonomous Prefecture, Qinghai Province, with a capacity of 60,000 kW and 600,000 kWh, complemented by 250,000 kW of photovoltaic power [1] - It has been selected as a pilot demonstration project for new energy storage by the National Energy Administration of China [1] Technological Advantages - The core of the project is to transform air into an energy storage medium in extremely cold conditions [1] - Liquid air has a density 750 times that of gaseous air at room temperature, allowing for safe storage at normal pressure [1] - This technology addresses the low density and safety issues of traditional energy storage, while also being clean and low-carbon, as it uses air as the working medium with no CO2 or pollutant emissions [1] Operational Efficiency - The project can discharge energy continuously for 10 hours in a single storage cycle, delivering 600,000 kWh of clean electricity [1] - The annual transmission capacity is expected to reach approximately 180 million kWh, sufficient to meet the annual electricity needs of 30,000 households [1]

Core Viewpoint - The Qinghai Golmud 60MW/600MWh liquid air energy storage demonstration project is the largest of its kind globally, showcasing significant advancements in liquid air storage technology and contributing to China's clean energy transition [6][11]. Group 1: Project Overview - The project is a collaboration between China Green Development Investment Group and the Chinese Academy of Sciences, featuring 100% self-developed technology and filling a gap in China's liquid air storage technology [6][12]. - It is designed to store energy for 8 hours and release it for 5 to 10 hours, with a daily energy output capable of supplying approximately 30,000 households [11][15]. Group 2: Technology and Efficiency - Liquid air energy storage converts excess electrical energy into liquid air, which can be stored and later converted back to electricity, achieving over 95% cooling efficiency and more than 55% electrical-to-electrical conversion efficiency [10][11]. - The project utilizes a unique deep low-temperature cascade cooling technology, which significantly enhances energy density and operational efficiency [12][13]. Group 3: Advantages of Liquid Air Storage - Liquid air storage offers high energy density, low carbon emissions, long lifespan (approximately 30 years), high safety due to storage at normal pressure, and flexible deployment options [17][18][19]. - The project occupies a relatively small area of over 80,000 square meters, making it suitable for various geographical and climatic conditions [15]. Group 4: Future Applications - The liquid air energy storage system can address challenges in renewable energy integration, enhance the flexibility of thermal power plants, and optimize energy management in power grids [20]. - It is expected to play a crucial role in energy transition and achieving carbon neutrality goals, especially in remote and extreme environments where other storage technologies may not be effective [21].

Summary of Key Points from the Conference Call Company Overview - **Company**: 建龙微纳 (Jianlong Weina) - **Industry**: Molecular sieve adsorbents, petrochemical separation technology, energy storage solutions Financial Performance - **Q1 2025 Revenue**: 1.78 billion CNY, a year-on-year and quarter-on-quarter decline, but net profit reached 25 million CNY, a quarter-on-quarter increase of 78% [2][5] - **Export Ratio**: Increased to 36% in Q1 2025, with export revenue of 65 million CNY [5][8] - **2024 Revenue Projection**: Approximately 800 million CNY with a profit of about 75 million CNY [4] Business Segments - **Main Products**: Divided into four segments: gas separation, drying, life health, and by-products. Gas separation revenue was approximately 300 million CNY, down 15% year-on-year [4] - **Drying Segment**: Revenue of about 250 million CNY, up 11% year-on-year due to stable demand [4] - **Life Health Segment**: Revenue of 126 million CNY, down 57% due to reduced demand for oxygen machines post-pandemic [4] Market Developments - **International Expansion**: Significant growth in international business, particularly after the second phase of the Thailand facility commenced production, contributing 35 million CNY in revenue [2][8] - **Technological Advancements**: Products evaluated by the Chinese Academy of Sciences, achieving over 99.9% purity and over 99% yield for xylene [9][10] Strategic Partnerships - **Collaboration with CNOOC Tianjin Institute**: Joint development of PS process replacement technology using Fenta adsorbents [10] - **Focus on Sustainable Aviation Fuel (SAF)**: Development of isomerization catalysts for SAF production, with four patents filed and two granted [11] Energy Storage Initiatives - **Liquid Air Energy Storage**: Progress made with a 60 MW demonstration project in Qinghai, providing molecular sieve adsorbents [3][12] - **CO2 Storage Projects**: Successful bid for a 2 MW CO2 storage demonstration project, expected to drive significant demand for molecular sieves [12][13] Future Outlook - **Market Potential for PX Adsorbents**: Anticipated annual demand of approximately 110,000 tons by 2027, with a market space of around 2 billion CNY [2][7] - **Focus on New Applications**: Development of catalysts for nylon production and other niche markets to avoid competition in saturated markets [20] Challenges and Risks - **Domestic Market Stability**: The domestic market is stabilizing, but the life health segment remains under pressure due to reduced demand for oxygen machines [29] - **Impact of Tariffs**: Minimal impact from tariffs on exports to the U.S., with a small percentage of overall revenue derived from this market [18][22] Capital Expenditure Plans - **Future Investments**: Focused on expanding the second phase of projects, with no additional capital expenditure plans currently [30] Conclusion - **Strategic Direction**: Emphasis on innovation and core business strengthening, with plans to expand into new application areas and maintain a competitive edge in the molecular sieve market [7][32]

Core Viewpoint - The development of liquid air energy storage technology is crucial for addressing the challenges posed by the intermittent nature of renewable energy sources, contributing significantly to global energy transition efforts [1][3][6]. Group 1: Importance of Energy Storage Technology - The increasing share of renewable energy in China's energy mix, projected to exceed 60% by 2050, necessitates the development of large-scale energy storage technologies to stabilize the grid [3][4]. - The "14th Five-Year Plan" for new energy storage outlines a transition from initial commercialization to large-scale development by 2025, with full marketization expected by 2030 [3]. Group 2: Liquid Air Energy Storage Technology - Liquid air energy storage is characterized by high energy density, long lifespan, and flexibility in deployment, making it suitable for various applications, especially in renewable energy integration and grid stabilization [4][5]. - The "60MW/600MWh liquid air energy storage" project is the largest of its kind globally, with a total investment of 645 million yuan, expected to generate approximately 180 million kWh annually, sufficient for about 30,000 households [4][5]. Group 3: Technological Advancements and Challenges - The project has achieved significant technological breakthroughs, including the design of a complete process package, which facilitates the transition from laboratory to engineering applications [4][6]. - Collaboration with leading domestic manufacturers helped overcome technical challenges related to efficient heat exchange and large-scale low-temperature storage, ensuring the project's efficiency, safety, and economic viability [5][6]. Group 4: Global Leadership and Future Prospects - China leads globally in liquid air energy storage technology, with the largest project size of 60MW/600MWh, surpassing the largest international project of 50MW/250MWh [6]. - The successful implementation of this technology not only addresses energy stability issues in challenging environments but also positions China as a provider of replicable green energy solutions for the world [6].

Core Viewpoint - The launch of the 60 MW/600 MWh liquid air energy storage demonstration project is a significant step towards China's energy transition and high-quality development of the energy storage industry, contributing to the achievement of the "dual carbon" goals [1][2]. Group 1: Project Overview - The liquid air energy storage project is located in the photovoltaic park at the eastern exit of Golmud City, Haixi Prefecture, and is being constructed by Zhonggreen Zhongke Energy Storage Technology Co., Ltd., a joint venture between the Chinese Academy of Sciences and China Green Development Investment Group [1]. - The project is expected to be operational by the end of the year and will be the world's largest demonstration project in the liquid air energy storage sector in terms of power generation capacity and storage scale [1][2]. - It has been included in the fourth batch of major technical equipment by the National Energy Administration and has received approval as a new energy storage demonstration project for 2024 [1]. Group 2: Technological Innovations - The project boasts complete independent intellectual property rights and employs seven internationally innovative core technologies, achieving large-scale development of liquid air energy storage systems from hundreds of kilowatts to tens of thousands of kilowatts [2]. - The key technologies were developed by a research team led by researcher Wang Junjie from the Chinese Academy of Sciences, significantly improving air storage density and increasing cooling efficiency from 60% to 90% [2]. - The research team has over a decade of experience in liquid air energy storage technology, establishing a complete chain from theoretical innovation to key technology breakthroughs and engineering demonstration applications [2].