（来源：千龙网） 据了解，准东宜化总承包项目配套建设了废水回收利用系统，通过多级过滤、A2O生物处理等多重工艺 技术，实现废水高效净化与循环利用，年处理废水数十万立方米，回用于矿区绿化与道路降尘，年节约 水资源超50万立方米。"我们不只是简单关注设备替换，更注重全链条的绿色协同。"新疆公司党委书 记、董事长彭送斌介绍，"从能源选择到作业流程，每一个环节都围绕'减排、提效、降耗'展开。" 如果说新能源设备重塑了矿山的"肌肉"与"血脉"，那么覆盖全作业流程的数字孪生管控平台，则为矿山 装上了会思考、能决策的"数字大脑"。 在准东宜化总承包项目的综管平台，这个"大脑"正全天候运行。平台深度融合物联网、大数据、人工智 能、5G等信息技术，将矿山的"设计—钻孔—爆破—挖装—运输—排土"六大核心环节，与"人员、设 备、物资、调度、进度、安全"六大管理要素全面贯通，实现了从规划设计到穿爆采剥全流程的智能执 行、精准控制与实时监控。 "平台已经成为矿山建设实现全流程绿色智能化的核心引擎。"新疆公司党委副书记、总经理，准东分公 司党支部书记刘侃表示，"现在，通过智能监管平台，我们不仅能自动识别人员违规操作、设备异常运 行等风险 ...

Core Viewpoint - Ningbo Ocean has achieved significant growth in its fleet size and carrying capacity over the past decade, marking a transition from a small fleet to a modern shipping force, with a threefold increase in key metrics [1]. Group 1: Fleet Expansion - Ningbo Ocean's fleet has grown to over 109 vessels with a total deadweight tonnage exceeding 1.7 million tons, representing over a threefold increase in both metrics over ten years [1]. - The company began its fleet expansion in 2015, capitalizing on the integrated port strategy in Zhejiang, which led to a surge in water transport demand [2]. - Between 2015 and 2017, Ningbo Ocean added 11 new container ships with capacities ranging from 13,000 to 40,000 tons, increasing its fleet to 54 vessels and total deadweight tonnage to over 640,000 tons by the end of 2017 [2]. Group 2: Capitalization and Technological Advancement - In 2020, Ningbo Ocean initiated a capitalization process to integrate shipping resources and support the group's "double first-class" construction, leading to its listing on the Shanghai Stock Exchange in December 2022 [3]. - Since 2021, the company has added 21 new vessels, increasing its deadweight tonnage by nearly 600,000 tons and container capacity by over 30,000 TEUs [5]. - The fleet is transitioning towards "green" and "intelligent" technologies, with applications such as smart collision avoidance systems and energy management systems, achieving energy savings of up to 69.6% [5]. Group 3: Global Shipping Network Development - The fleet upgrade has supported the expansion of shipping routes, with new direct routes to Southeast Asia and the opening of trans-Pacific routes starting in 2022 [6]. - By 2024, the company plans to launch container transport routes to the Middle East, further enhancing its international presence [6]. - Currently, Ningbo Ocean operates over 40 shipping routes and more than 100 cargo vessels, connecting domestic coastal areas and major international ports, significantly improving logistics efficiency and industry influence [6].

Investment Rating - The investment rating for the company is "Buy" and it is maintained [6]. Core Views - The company is expected to achieve operating revenue of 137.68 billion yuan in 2024, a year-on-year decrease of 1.97%. The net profit attributable to the parent company is projected to be -2.30 billion yuan, a year-on-year decline of 420.33%. The non-recurring net profit attributable to the parent company is expected to be -2.65 billion yuan, a year-on-year decrease of 1322.44% [4][10]. - In Q4 2024, the operating revenue is anticipated to be 29.37 billion yuan, a year-on-year decrease of 20.10% and a quarter-on-quarter decrease of 17.18%. The net profit attributable to the parent company is expected to be -878 million yuan, showing a reduction in losses year-on-year [4][10]. - For Q1 2025, the operating revenue is projected to be 30.31 billion yuan, a year-on-year decrease of 17.50% and a quarter-on-quarter decrease of 3.19%. The net profit attributable to the parent company is expected to be 341 million yuan, a year-on-year increase of 38.19% [4][10]. Financial Performance - The company has a significant share of its refining products, with 70% of its output coming from refined oil and aromatics, benefiting from the improvement in the market conditions for these products [10]. - The company has temporarily suspended the implementation of its biodegradable materials project, which is expected to reduce capital expenditures [10]. - The polyester chain is under pressure, but the company maintains a leading position in differentiated fiber production and has a strong capacity for recycled polyester fibers [10]. Future Outlook - The company is expected to see improvements in profitability, with projected net profits attributable to the parent company of 1.42 billion yuan, 2.55 billion yuan, and 3.38 billion yuan for 2025, 2026, and 2027 respectively [10]. - The price-to-earnings ratio (PE) for 2025, 2026, and 2027 is expected to be 41.0X, 22.8X, and 17.2X respectively, indicating a potential for growth [10].