Core Insights - The construction industry is a major contributor to energy consumption and carbon emissions, with carbon emissions from the sector in China reaching 5.13 billion tons in 2022, accounting for 48.3% of the country's energy-related carbon emissions [1][2] - The transition to a green and low-carbon construction sector is urgent, with new building energy systems supported by low-carbon technologies and intelligent methods being identified as a trillion-dollar market opportunity [3] Group 1: Market Opportunities - The Shanghai Midea Global Innovation Center, which recently opened, represents a significant investment of over 7 billion yuan and aims to accommodate 10,000 employees in a sustainable environment [3] - The center incorporates a variety of sustainable technologies, including a photovoltaic and energy storage system that can save 20% of the total annual electricity consumption through the installation of approximately 20,000 square meters of solar panels [3][4] Group 2: Technological Innovations - The center features advanced cooling technology with seven magnetic levitation centrifugal chillers that have a coefficient of performance (COP) exceeding 5.2, showcasing Midea's cutting-edge technology [4] - The iBUILDING digital platform serves as the "smart brain" of the center, enabling real-time monitoring and optimization of energy consumption across various systems, moving towards a "zero-carbon park" [4][5] Group 3: Sustainability Standards - The project adheres to national green park standards and LEED Platinum certification requirements, providing authoritative backing for its sustainable performance [6] - The center includes a 2,000-square-meter high-efficiency machine room, demonstrating the latest technology and serving as a model for industry upgrades [7]

Investment Rating - The industry rating is "Outperform the Market" indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [80]. Core Insights - Jianghuai Automobile and Huawei have deepened their strategic partnership, focusing on the integration of Huawei's intelligent automotive solutions into Jianghuai's vehicle platforms, enhancing AI applications across various operational scenarios [3][13]. - The first flagship luxury electric sedan, the Zun Jie S800, has commenced mass production, with significant pre-order success, indicating strong market demand [4][15]. - The automotive sector has experienced a decline of 2.6% from June 16 to June 20, 2025, underperforming the CSI 300 index by 2.1 percentage points, although it ranks 4th among 31 sectors year-to-date with a 5.1% increase [16][23]. Summary by Sections Strategic Cooperation - Jianghuai and Huawei signed a strategic cooperation agreement on June 17, 2025, to enhance the application of intelligent automotive solutions, including AI-driven features and clean energy initiatives [3][13]. - The Zun Jie S800 project, a result of this collaboration, has a dedicated team of over 5,000 and a newly built factory equipped with advanced automation technology [4][14]. Market Performance - The automotive sector's performance from June 16 to June 20, 2025, showed a decline of 2.6%, while the CSI 300 index fell by only 0.5%, highlighting the sector's underperformance [16]. - Year-to-date, the automotive sector has increased by 5.1%, ranking 4th among all sectors [16]. Sales Data - From June 1 to June 15, 2025, retail sales of passenger vehicles reached 706,000 units, a 20% increase year-on-year, while wholesale sales were 714,000 units, up 24% year-on-year [6][36]. - New energy vehicle retail sales during the same period were 402,000 units, reflecting a 38% year-on-year growth [6][36]. Production and Delivery Plans - The Zun Jie S800 is set for initial deliveries on June 26, 2025, with plans for mass production to reach 3,000 units per month by September and 4,000 units by year-end [4][15].