中化新网讯 9月21日，2025零碳学术研讨会暨第三届洪堡零碳论坛在山东威海临港区举行。与会专家共 探零碳园区建设和传统园区绿色升级路径。 洪堡零碳论坛主席、中国国际碳中和经济研究院院长蒋庆哲表示，2025年堪称零碳园区建设元年，国家 层面已走过"早期探索—孕育发展—重点推进"三大阶段，先后推出生态工业示范园区、循环化改造示范 园、低碳园区、绿色工业园区及绿色产业示范基地等多类试点，从"小切口"协同降碳减污，到系统治理 全面铺开。 李毅中表示，建设低碳零碳园区，要用碳监测摸清"家底"，锁定重点单元和环节，建立专业碳核算 和"碳账目"，把直接、间接和关联排放全部纳入碳足迹管理，并为主要产品贴上碳标识。随后主动进入 全国碳市场，利用自愿减排碳交易机制实现碳平衡并变现收益；电力行业已先行，钢铁、有色、建材、 石化、化工等行业也将陆续纳入，园区须提前布局、抢占先机。 在蒋庆哲看来，零碳园区建设需通过系统路径、多模式发展与多主体协同治理，实现能源结构转型与市 场化机制创新，推动园区全面零碳化。为此，他建议零碳园区必须让政府、管委会、企业、服务商等多 主体各就其位。政府负责基础制度与公共服务，用碳市场、激励约束机制清除共 ...

Core Viewpoint - The Ministry of Industry and Information Technology, in collaboration with the National Development and Reform Commission, has released the "Guidelines for High-Quality Development of Industrial Parks," which aims to guide the development of industrial parks towards specialization, intensification, digitalization, greening, and standardization [1][6]. Group 1: Development Directions - The guidelines propose 19 development directions across 7 areas to enhance the quality of industrial parks, focusing on improving industrial innovation capabilities and promoting the deep integration of digital technology with the real economy [1][10]. - Emphasis is placed on avoiding low-level, homogeneous competition by clearly defining the industrial positioning of parks and limiting the number of dominant industries to no more than three [2][10]. Group 2: Digital and Technological Integration - The guidelines stress the importance of strengthening new information infrastructure, including the deployment of 5G, gigabit optical networks, and industrial internet within parks [2][11]. - Encouragement is given for parks to develop facilities for artificial intelligence and cloud computing to enhance digital and intelligent development [2][11]. Group 3: Green Development Initiatives - Green development is highlighted as essential, with a focus on utilizing renewable energy infrastructure such as rooftop solar and decentralized wind power, and establishing zero-carbon energy supply systems [3][4]. - The guidelines support the construction of zero-carbon parks, with specific plans in regions like Yunnan and Shandong to develop multiple zero-carbon parks by 2027 and 2030, respectively [3][4]. Group 4: Overall Objectives - The guidelines aim to align with national strategies for new industrialization and the development of new productive forces, emphasizing the need for a comprehensive approach to enhance the quality and efficiency of industrial parks [8][10]. - The overall goal is to create a robust framework that supports the sustainable and high-quality development of industrial parks, contributing to the broader objectives of industrial modernization [8][10].

为推动政企学研多方合作，论坛期间还将成立零碳产业相关基金，并举行技术对接与商业合作签约，涵 盖绿色金融、智慧能源管理等领域的相关项目。 本届论坛由对外经济贸易大学主办，中国国际碳中和经济研究院、中国石油安全环保技术研究院、中国 石油企业协会碳中和专业委员会、名古屋大学—中创碳投碳中和创新联合实验室等十余家权威机构联合 承办与协办，同时得到中华环保联合会、中国乡村发展协会、中国国际贸易学会、中国石油企业协会等 指导单位的战略支持。 论坛广聚国内外政要、诺贝尔奖获得者、国内外院士、国内外顶尖专家、央企高管及行业领军人物，涵 盖中国工程院院士、中国科学院院士、德国国家科学与工程研究院院士等。届时，他们将通过主旨演 讲、成果发布、战略签约等形式，分享全球零碳技术前沿动态及产业实践案例。 在主旨演讲环节，国内外政要、院士、诺贝尔奖获得者等将解读中国政策走向、国际发展趋势、前沿技 术应用、产业生态构建、商业模式创新、碳市场实践等，剖析零碳园区建设的挑战与机遇。 会上还将同步发布2025年中国低碳领跑者油气企业案例遴选结果、《零碳园区——通向零碳未来的油气 实践》、《光伏产业蓝皮书》、低碳蓝皮书和油气蓝皮书、中国洪堡国际零 ...

Group 1: Company Performance and Projects - The company held a half-year performance briefing on August 29, 2025, where executives addressed investor inquiries regarding new projects and performance metrics [1][2]. - The Yueda Huafeng 378MW fish-solar complementary project is expected to be operational by the end of 2024, generating revenue of 63.06 million yuan and a net profit of 17.23 million yuan in the first half of 2025, with an annualized capital return rate exceeding 10% [1]. - The logistics subsidiary, Yueda Changjiu, achieved revenue of 12.8 million yuan in the first half of 2025, with a 20% increase in market share for its Kia port business [2]. Group 2: Business Segments and Growth - The smart manufacturing segment, including Yueda Intelligent Agricultural Equipment and Yueda Textile, reported a 7.8% sales growth in emerging markets, with a 46.7% increase in orders for products over 100 horsepower [3]. - Yueda Specialized Vehicles achieved revenue of 16.7 million yuan, a 45.22% year-on-year increase, and turned a profit with a net profit of 254,400 yuan, marking a significant turnaround [3]. - The textile division also showed profitability with a net profit of 1.2125 million yuan, reflecting a growth of 3.75 million yuan compared to the previous year [3]. Group 3: Industry Trends and Strategic Positioning - The implementation of the photovoltaic grid parity policy is expected to benefit the industry by promoting healthy development across the supply chain, presenting opportunities for leading companies with resource advantages [4]. - The company is strategically positioned in Yancheng, Jiangsu, with over 90% completeness in the local photovoltaic industry chain, allowing for self-sufficient development [4]. - The company is actively involved in green electricity trading, with over 2 million kilowatt-hours traded in 2024 and 160,000 green certificates issued, laying a solid foundation for future business expansion [5]. Group 4: Renewable Energy Initiatives - The company is engaged in microgrid construction, successfully integrating distributed photovoltaic projects, and has launched several commercial microgrid projects [5]. - Collaboration with the Yancheng Economic Development Zone to establish a zero-carbon park is underway, exploring a synergistic development model of "energy + industry" [5]. - The company is also focusing on carbon asset management, building a comprehensive industry matrix involving photovoltaic, wind power, storage, and carbon trading [5]. Group 5: Energy Services - Yueda Energy Services focuses on electricity sales and energy management, having signed contracts with 32 new clients in the first half of 2025, with a total agency electricity scale of 255 million kilowatt-hours [6]. - The company is involved in the development of a zero-carbon park and has integrated resources from four renewable energy companies to create a comprehensive solution for electricity consumption [6].

Group 1 - The core idea emphasizes the interconnection between green transformation, technological innovation, and ESG construction, likening them to three interlocking gears that drive each other forward [2] - Financial mechanisms are described as the lubricant and accelerator that facilitate the operation of these three components, guiding funds towards green industries and supporting rapid technological implementation [2] - The capital market has been continuously optimizing various measures and policies since the "14th Five-Year Plan" to assist companies in financing for technological innovation [2] Group 2 - The concept of "anti-involution" is believed to lay a solid foundation for the development of green transformation over the next 3 to 5 years, with policy focus shifting from energy supply to user demand [3] - The green low-carbon transformation on the user side is expected to create more market opportunities, as highlighted by the recent joint notice from the National Energy Administration, Ministry of Industry and Information Technology, and National Development and Reform Commission regarding zero-carbon park construction [3] - The urgency for carbon reduction on the user side is increasing, leading to more opportunities as green transformation goals are raised [3]

Core Viewpoint - 京能国际 has reported significant growth in its financial performance and is adapting its business model to align with national policies promoting clean energy and asset management transformation [1][2]. Financial Performance - Total assets reached 105.627 billion yuan, an increase of 3.1% from the beginning of the year [1]. - Total installed capacity was 13.692 million kilowatts, up 8.3% year-to-date [1]. - Revenue amounted to 4.086 billion yuan, reflecting a year-on-year increase of 24.9% [1]. - Total profit was 448 million yuan, showing a growth of 3.2% compared to the previous year [1]. Strategic Initiatives - 京能国际 is pursuing three strategic tasks: - Innovating operational models to revitalize existing assets and promote project securitization [2]. - Seizing opportunities in the "green electricity" sector, particularly in high-yield projects in key regions [2]. - Optimizing business layout by increasing the proportion of wind, gas, and hydropower alongside existing solar projects, while expanding into overseas markets [2]. Operational Improvements - The company is focusing on enhancing operational quality through four main areas: - Strengthening safety management and cross-department collaboration to improve power generation and cost efficiency [3]. - Forming specialized teams to enhance power forecasting accuracy and maximize environmental rights value [3]. - Accelerating the REITs process and optimizing financial management to reduce overall financial costs [3]. - Implementing strict controls on development costs and exploring diverse income streams through innovative financial strategies [3]. Future Outlook - 京能国际 aims to maintain a long-term perspective, focusing on value creation and collaborative success through technological innovation and business model optimization for sustainable development [3].

Core Viewpoint - Anke Rui achieved a net profit attributable to shareholders of 126 million yuan in H1 2025, representing a 25% year-on-year increase, with revenue growth in line with expectations [1] Financial Performance - The company's revenue for Q1 and Q2 was 240 million yuan and 300 million yuan respectively, with year-on-year growth of 0.6% and 2.3% [1] - The net profit attributable to shareholders for Q1 and Q2 was 52 million yuan and 73 million yuan respectively, with year-on-year growth of 15.3% and 32.6%, indicating a significant acceleration in Q2 performance [1] Industry Position and Future Outlook - As a leading enterprise in energy management systems, the company provides products for zero-carbon park construction, including carbon measurement meters, distributed photovoltaics, distributed energy storage, orderly charging for electric vehicles, and smart energy management platforms [1] - The company offers integrated solutions through "cloud-edge-end" collaboration, which is expected to benefit from the increasing demand for zero-carbon park construction in the future [1]

Investment Rating - The report maintains a "Buy" rating for the company [4][6] Core Views - The company has shown significant acceleration in performance in Q2, with revenue reaching 540 million yuan, a year-on-year increase of 1.5%, and a net profit attributable to shareholders of 126 million yuan, up 25% year-on-year [1] - The company is expected to benefit from the increasing demand for zero-carbon park construction, as it is positioned as a leading enterprise in energy efficiency management [3] Financial Performance Summary - In H1 2025, the company achieved a gross margin of 47.8%, an increase of 0.8 percentage points year-on-year, primarily due to the accelerated sales of high-margin EMS2.0/3.0 products [2] - The company’s operating cash flow showed a net inflow of 90 million yuan, expanding by 20 million yuan year-on-year, indicating a strong cash collection situation [2] - The company’s net profit margin improved to 23.3%, reflecting a year-on-year increase of 4.4 percentage points, showcasing enhanced profitability [2] Business Segment Performance - In H1 2025, revenue from various business segments included: 226 million yuan from power monitoring and substation comprehensive monitoring systems, 175 million yuan from energy efficiency management products, and 32 million yuan from enterprise microgrid and other services [1] - Domestic revenue reached 512 million yuan, with a year-on-year growth of 1.2%, while overseas revenue was 27 million yuan, growing by 8.4% year-on-year [1] Future Profitability Forecast - The company is projected to achieve net profits of 240 million yuan, 286 million yuan, and 338 million yuan for the years 2025, 2026, and 2027, respectively, with growth rates of 41.5%, 19.0%, and 18.1% [4] - Earnings per share (EPS) are expected to be 0.96 yuan, 1.14 yuan, and 1.35 yuan for the same years, with corresponding price-to-earnings (P/E) ratios of 25, 21, and 18 [4]

Group 1 - The "South Grid Zero Carbon Cup" competition has been launched with the theme "Zero Carbon Empowering the Future" to promote innovative solutions for zero carbon parks and factories [1] - The competition is guided by the Southern Power Grid Company's Strategic Planning Department and the China Electricity Council's Planning and Development Department, and is hosted by South Grid Capital Holdings Company [1] - Since its launch in June, the competition has attracted numerous outstanding enterprises and teams from the energy, technology, and environmental sectors, achieving a record high in both quality and quantity of participants [1] Group 2 - The competition responds to the national call for zero carbon park construction and includes three categories: solution design, park operation, and technological innovation [1] - Awards include five Best Zero Carbon Park Design Awards, three Zero Carbon Technology Innovation Awards, and two Most Commercially Valuable Awards [1] - Winning projects will have priority access to incubation and transformation with South Grid Green Energy Technology Company and funding support from South Grid Private Equity Fund [1]

Group 1 - The 2025 National Ecological Day event and the Third Beijing-Tianjin-Hebei Green Development Conference opened in Baoding, Hebei, focusing on the theme "Collaborative 'Green' Movement for 'New' Energy Release" [1] - Experts shared development achievements and strategic plans on key topics such as carbon emission dual control systems, new power system construction, and zero-carbon park development [1] - The conference showcased ten typical cases of green development in the Beijing-Tianjin-Hebei region, highlighting significant achievements in economic development and ecological protection since the implementation of the major national strategy [1] Group 2 - Baoding has been cultivating a systematic green low-carbon industrial system featuring intelligent connected new energy vehicles, high-end electric and new energy equipment, green health buildings, and hydrogen energy [2] - The city is deepening cooperation in green technology research and development, promoting the transformation of traditional manufacturing towards high-end, intelligent, and green practices [2] - Baoding is enhancing collaboration in green talent cultivation, building a talent exchange platform, and optimizing talent resource allocation [2]