2021 年的时候，中科院的丁仲礼院士在一个采访里说了这样一段话。 四年后的今天，欧盟的一项新规定直接把当年丁院士的观点变成了堪称经典的神预言。 几天前，欧盟委员会发了个提案，说本来他们是计划要在 2035 年的时候，在欧洲全面禁止销售所有燃油车（ 包括混动 ）来减少碳排放的。 但这个计划目前看有点逆风，暂时先不搞了。取而代之的，是车企不仅可以卖混动车，还可以用很多其他方式来抵扣混动车造成的碳排放，让混动车大卖 特卖。 消息一出，舆论直接炸了。 一边是大众、宝马这一票做了几十年油车的车企们大松了一口气：祖上留下来的手艺可算保住了！但另一边，是极星、沃尔沃这样已经转型电动化的车企 直接原地破防了：哥们都已经转型完了，现在你跟我说白转了？ 极星的 CEO 迈克尔·洛舍勒甚至直接开喷：" 暂停 2035 年的目标是个糟糕透顶的主意，......我们现在退缩，不仅会损害气候，还会损害欧洲的竞争力 。" 哥们会这么激动自然也不是没有理由，毕竟在 2021 年欧盟刚决定要发布燃油车禁令的那会，欧洲车企们的主流技术还都是围绕着打造效率更高、更环保 的内燃机转的。 迈克尔·洛舍勒 只能说，听了不急的是这个 很有意思的是，在 ...

Core Viewpoint - The EU's recent proposal to delay the 2035 ban on the sale of all fuel vehicles, including hybrids, reflects a significant shift in its environmental policy, allowing car manufacturers to continue selling hybrid vehicles and use various methods to offset carbon emissions from hybrids [6][22]. Group 1: EU Regulations and Industry Response - In 2021, the EU announced a plan to ban fuel vehicles by 2035 as part of its environmental initiative, which initially boosted confidence among car manufacturers [6][8]. - The recent proposal allows car manufacturers to sell hybrid vehicles and introduces a carbon credit system, indicating a retreat from the original 100% emission reduction target [22][24]. - Major car manufacturers like Volkswagen and BMW expressed relief at the delay, while companies that had already transitioned to electric vehicles, such as Polestar and Volvo, criticized the decision as detrimental to climate goals and European competitiveness [7][22]. Group 2: Challenges in Electric Vehicle Transition - Despite initial enthusiasm, European car manufacturers faced challenges in the electric vehicle transition, including inadequate charging infrastructure and poor market performance [14][19]. - The bankruptcy of Northvolt, a key battery supplier, highlighted the difficulties in establishing a reliable local supply chain for electric vehicle components, with significant financial losses reported [16][17]. - The failure to develop a robust electric vehicle industry in Europe has led to increased reliance on foreign technology, particularly from China, raising concerns about competitiveness [19][27]. Group 3: Comparison with China's Electric Vehicle Industry - China has been proactive in developing its electric vehicle industry since 2009, positioning itself to compete directly with Western manufacturers [25][26]. - The contrast between Europe's struggles and China's advancements in electric vehicles suggests that European manufacturers may have underestimated the competitive landscape [27]. - The article implies that the EU's retreat from stringent regulations may be a response to the growing dominance of Chinese electric vehicles in the global market [24][30].

【文/观察者网 熊超然】竞争不过中国车企，让欧盟大伤脑筋，甚至不惜"违背祖训"——抛弃此前达成 的汽车禁令和多来年设定的环保减排目标。 当地时间12月16日，欧盟委员会公布一项提案计划，在欧洲汽车行业承受压力之下，放弃自2035年对新 燃油车实施的实际禁令。路透社当天报道指出，这标志着欧盟近年来在绿色政策方面所作出的"最大退 让"（biggest retreat）。 "在对排放进行补偿的同时，向燃油车开放市场是务实的做法，也符合市场实际情况。"欧洲销量最大的 汽车制造商德国大众汽车表示。 该公司还认为，新的二氧化碳减排目标草案，"总体上在经济上是合理的"，并对欧盟支持小型电动汽车 和为2030年设定更灵活目标表示赞赏。 非营利机构"气候组织"（Climate Group）的交通运输负责人多米尼克·芬恩（Dominic Phinn）则反驳 说，这一措施对传统汽车行业来说堪称"悲剧性的胜利"，将电动汽车置于不利地位。 目前，这项提案仍需得到欧盟各国政府和欧洲议会的批准，而一旦获批，将允许部分非电动汽车继续销 售。此前，欧洲地区工业强国德国和意大利的汽车制造商一直寻求放宽相关规定。 从目前的发展态势来看，欧盟委员会 ...

Core Viewpoint - The project for ultra-low emissions renovation of Boiler No. 3 at Jilin Petrochemical Fertilizer Plant has been completed and is operational, significantly reducing nitrogen oxides and sulfur dioxide emissions annually [1][2] Group 1: Project Details - The renovation project was officially started on December 13, 2024, and completed in 190 days, overcoming challenges such as winter construction difficulties and limited working space [2] - The project achieved performance acceptance after 72 hours, with sulfur dioxide emissions at 20 mg/m³, nitrogen oxides at 32 mg/m³, and dust at 7 mg/m³, all exceeding design values by reductions of 34%, 36%, and 30% respectively [2] Group 2: Future Plans - The company plans to apply the successful experience from the renovation of Boiler No. 3 to the upcoming renovations of Boilers No. 1 and No. 2, aiming for all boiler units to achieve ultra-low emissions [2]

Core Viewpoint - 中远海运 reported strong financial performance for Q1 2025, with significant increases in revenue and net profit, indicating robust growth in the container shipping sector [1][2]. Financial Performance - The company achieved operating revenue of 57.96 billion yuan, a year-on-year increase of 20.05% [1]. - Net profit attributable to shareholders was 11.695 billion yuan, reflecting a 73.12% year-on-year growth [1]. - Earnings per share rose to 0.74 yuan, up 76.19% compared to the previous year [1]. - The asset-liability ratio decreased to 41.97% as of March 31, 2025 [1]. - Net cash flow from operating activities was 15.062 billion yuan, an increase of 69.49% year-on-year [1]. - Cash and cash equivalents reached 186.699 billion yuan [1]. Shipping and Terminal Operations - Container shipping business completed a total of 6.4815 million TEUs, a year-on-year increase of 7.53% [1]. - Revenue from shipping operations was 55.883 billion yuan, up 20.07% year-on-year [1]. - Terminal operations achieved a total throughput of 35.7489 million TEUs, reflecting a 7.48% increase [1]. - Revenue from terminal operations was 2.767 billion yuan, a year-on-year growth of 16.06% [1]. Share Buyback - In April 2025, 中远海控 announced a new round of share repurchase, having repurchased 43.2444 million A-shares at a cost of approximately 600 million yuan [1]. - From October 2024 to April 2025, the company repurchased A and H shares totaling about 3.894 billion yuan, with all repurchased shares being canceled [1]. Industry Outlook - The container shipping industry is expected to face a complex and changing market environment due to geopolitical factors, the situation in the Red Sea, and uncertainties in U.S. trade policies [2]. - New environmental regulations will also impact the shipping industry [2]. - The company aims to focus on global digital supply chain operations and investment platforms, optimizing resource allocation and enhancing service quality to create greater value for shareholders [2].

Core Insights - The company reported a revenue of 51.697 billion yuan for 2024, a year-on-year increase of 14.62%, and a net profit of 1.391 billion yuan, up 78.43% year-on-year [1] - In Q1 2025, the company achieved a revenue of 12.311 billion yuan, a year-on-year increase of 7.98%, with a net profit of 396 million yuan, up 348.96% year-on-year [1] Segment Analysis - **Marine Industry**: The marine segment maintained high prosperity, with low-speed engine completion exceeding 10 million horsepower for two consecutive years. The company established a global service network, generating nearly 1.5 billion yuan in after-sales service revenue, a year-on-year increase of nearly 25% [2] - **Application Industry**: The application segment faced increased competition in the domestic market, but the company focused on technological innovation and differentiated marketing strategies, achieving new contracts worth 21.755 billion yuan, nearly completing the annual plan [3] - **Defense Industry**: The company enhanced its contract fulfillment capabilities, achieving over 120% completion rate for new contracts in 2024 [3] Financial Performance - The company reported a gross margin of 14.81%, up 1.52 percentage points year-on-year, and a net margin of 4.94%, up 2.59 percentage points year-on-year. The expense ratio decreased to 9.88% [4] - In Q1 2025, the company’s gross margin was 16.18%, an increase of 5.52 percentage points year-on-year, and the net margin was 6.26%, up 4.66 percentage points year-on-year [5] Market Outlook - The shipbuilding industry is currently in an upward cycle, with demand driven by fleet aging, environmental policies, and geopolitical factors. Supply constraints are expected to persist, maintaining a favorable market environment for the company [6] - The company is positioned to benefit from the ongoing demand for marine power systems, with projected revenues of 64.32 billion yuan, 78.25 billion yuan, and 91.96 billion yuan for 2025-2027, reflecting year-on-year growth rates of 24.4%, 21.7%, and 17.5% respectively [7]