Core Viewpoint - The EU's environmental legislation is expected to have a positive impact on the company's operations, aligning with its "one body, two wings" strategic layout [2]. Group 1: Environmental Legislation Impact - The EU's focus on carbon reduction, pollution control, and sustainable development aligns with the company's strategic goals [2]. - The company plans to leverage its technological advantages and market positioning to capitalize on policy benefits [2]. Group 2: Core Business Areas - In air pollution control, the company’s low-temperature SCR denitration catalyst technology is at an internationally leading level, applicable in over 20 industries including steel, coking, and building materials [2]. - In the CCUS field, the company has developed a long-life Tx-1 carbon capture absorbent, with antioxidant capabilities improved by 20-300 times compared to competitors [2]. - The company’s innovative TXio carbon capture process achieves over 90% carbon capture efficiency, with energy consumption reduced to 2.0-2.2 GJ/tCO2, successfully applied in large-scale marine installations [2]. Group 3: Sodium-Ion Battery Development - The company’s sodium-ion batteries maintain nearly 90% capacity at -40°C, suitable for European residential energy storage applications [2]. - The production of sodium-ion batteries requires no cobalt and minimal nickel, utilizing abundant and easily extractable sodium resources, offering significant low-carbon advantages over lithium-ion batteries [2]. - Sodium-ion batteries are considered ideal for large-scale energy storage systems due to their low cost and high safety, effectively storing intermittent energy sources like wind and solar, thus promoting decarbonization of the power system [2].

Core Insights - The wind power sector is poised for unprecedented growth driven by global efforts to combat climate change and accelerate the green transition, with China playing a crucial role in this development [1] Group 1: Global Wind Power Market Outlook - The latest report from Wood Mackenzie predicts that the global wind power market will experience significant growth over the next decade, with annual new installations expected to exceed 170 GW in the next five years and peak at 200 GW by 2034 [2] - The cumulative global wind power capacity is projected to surpass 2 TW by 2030, marking the second time the global capacity reaches a terawatt level, with the first terawatt achieved in 2023 after 23 years [2] - In 2023, global wind power installations are expected to reach a historic high of 170 GW, with Q4 alone projected to exceed 70 GW, reflecting a 13% quarter-on-quarter increase [2] Group 2: China's Role in Global Growth - The growth of the global wind power market is significantly attributed to the substantial increase in onshore wind capacity in China, driven by demand from data centers and electrification [3] - The profit margins for wind power are currently higher than those for solar energy, which is a key driver for growth in the Chinese market [3] - China is increasingly dominating the global wind power sector, especially as other mature markets face policy uncertainties and economic headwinds [3] Group 3: Challenges in the U.S. Market - Recent policy changes in the U.S., including the "Inflation Reduction Act," have introduced significant uncertainty for the wind power industry, particularly affecting projects not completed by 2028 [4] - As a result of these policy adjustments, the U.S. is expected to lag behind India and Germany in new wind power installations over the next decade [4] - U.S. wind developers are accelerating project timelines to meet policy deadlines, leading to a temporary surge in installations [4] Group 4: Offshore Wind Power Development - Despite the overall growth in the global wind market, the offshore wind sector faces significant challenges, including rising costs and setbacks in bidding processes [5] - Mature markets like Europe need to optimize contract structures to maintain momentum in offshore wind development, while emerging markets must overcome financing and technical barriers [5] - The industry is undergoing profound transformations, with historical milestones being achieved while adapting to new growth patterns and market dynamics [5]