政策动态 （一）财政部发布《企业可持续披露准则第1号——气候（试行）（征求意见稿）》 2025年4月27日，《准则第1号》发布，对企业气候相关的治理、战略、风险管理和绩效指标提出系统性要求。《准则第1号》提出，企业应当分类披露报 告期内范围一、范围二和范围三的温室气体排放量，如无法披露范围三数据，则应当披露对范围三排放的管理方式；企业业务涉及商业银行或保险业务 的，应当按资产类别披露其融资项目相关的范围一、范围二和范围三温室气体排放量。《准则第1号》通过规范企业建立透明、统一的气候信息披露机 制，引导金融资源向低碳产业高效流动，有助于全面提升我国企业和金融机构的气候风险管理水平。 （二）财政部发布《〈企业可持续披露准则——基本准则（试行）〉应用指南（征求意见稿）》 2025年6月17日，《应用指南》发布，围绕价值链、报告主体、信息关联、信息使用者、重要性评估、相称性原则、财务影响、战略韧性评估和可持续影 响信息披露九个关键问题，对《企业可持续披露准则——基本准则（试行）》中的重要概念进行解释和细化，明确重要性评估流程和可选方法、韧性评估 方法等重点难点问题，为企业提供可持续披露的具体操作指引。《应用指南》提出 ...

（记者 曾健辉） 截至发稿，恒大高新市值为19亿元。 每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 每经AI快讯，恒大高新（SZ 002591，收盘价：6.46元）8月26日晚间发布公告称，公司第六届第十二次 董事会会议于2025年8月26日以现场会议结合通讯表决的方式召开。会议审议了《关于公司〈2025年半 年度报告〉及摘要的议案》等文件。 2025年1至6月份，恒大高新的营业收入构成为：互联网营销占比51.41%，节能环保占比40.34%，其他 业务占比8.25%。 ...

每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 （记者 曾健辉） 每经AI快讯，恒大高新（SZ 002591，收盘价：6.46元）8月26日晚间发布公告称，江西恒大高新技术股 份有限公司于2025年8月26日召开了第六届董事会第十二次会议，审议通过了《关于拟转让出售控股孙 公司股权的议案》。公司根据实际经营发展需要，为了提升公司整体经营管理效率，优化公司产业布局 与资源配置，改善资产结构，促进公司集中资源发展核心业务，公司拟将持有控股孙公司江西恒大环境 资源开发有限公司55.0129%的股权以84.25万元的价格转让出售给江西省水文地质集团有限公司。本次 股权转让完成后，公司将不再持有环境资源的股权，环境资源也不再纳入公司的合并报表范围。 2025年1至6月份，恒大高新的营业收入构成为：互联网营销占比51.41%，节能环保占比40.34%，其他 业务占比8.25%。 截至发稿，恒大高新市值为19亿元。 ...

能源化工行业低迷致使公司业绩承压 2025 年开年以来，受到地缘冲突降温、欧佩克增产等多因素影响，国际油价整体呈现颓势，上半年布 油均价同比下滑2.55 美元每桶，降幅15.05%。在国际油价下滑和国内新能源车替代趋势的双重压力 下，我国成品油价格显著下滑。根据百川盈孚，上半年我国汽油市场均价为8339 元/吨，同比-8.03%。 与汽油价格高度相关的添加剂产品同样经历了明显降幅，上半年MTBE、工业异辛烷价格分别较去年同 期下滑18.56%和6.35%，部分装置亏损运行。在此不利环境下，公司作为两湖地区最大的MTBE 和工业 异辛烷生产商承受了巨大业绩压力。公司能源化工板块在上半年实现营收7.68 亿元，同比-43.79%，构 成影响公司整体业绩的主因。 通过借款平衡流动性压力 事件 岳阳兴长发布半年度业绩报告：2025 年上半年，公司实现营业总收入15.29 亿元，同比下滑19.17%；实 现归母净利润-0.29 亿元。Q2 单季度，公司实现营业总收入4.66 亿元，实现归母净利润-0.43 亿元。 投资要点 盈利预测 公司上半年业绩承压主要受到油价下行影响，公司布局的第二成长曲线高端聚烯烃项目具有广阔进 ...

每经AI快讯，超越科技（SZ 301049，收盘价：24.37元）8月25日晚间发布公告称，公司第二届第十二 次董事会会议于2025年8月22日在公司会议室召开。会议审议了《关于公司<2025年半年度报告>及其摘 要的议案》等文件。 每经头条（nbdtoutiao）——租下2.5万亩"试验田"，兽医学博士在非洲种粮：首季亩产250斤，打算扩至 10万亩，月薪1~2万元招人 （记者 张喜威） 2024年1至12月份，超越科技的营业收入构成为：节能环保占比100.0%。 ...

截至发稿，ST新动力市值为21亿元。 每经AI快讯，ST新动力（SZ 300152，收盘价：2.98元）8月25日晚间发布公告称，公司第五届第三十八 次董事会会议于2025年8月25日在公司会议室以现场结合通讯的方式召开。会议审议了《关于<2025年 半年度报告>全文及其摘要的议案》等文件。 每经头条（nbdtoutiao）——租下2.5万亩"试验田"，兽医学博士在非洲种粮：首季亩产250斤，打算扩至 10万亩，月薪1~2万元招人 2024年1至12月份，ST新动力的营业收入构成为：节能环保占比97.01%，其他业务占比2.99%。 （记者 胡玲） ...

Economic Growth and Policy Goals - The GDP annual growth target for the "15th Five-Year Plan" is set between 4.5% and 5.0%, with a minimum of 4.5% to ensure the 2035 vision is achieved[2]. - The focus on developing new productive forces will see a significant increase in innovation-driven targets compared to the "14th Five-Year Plan"[2]. - The plan aims to enhance living standards with new targets in housing, healthcare, and elderly care, emphasizing investment in human resources[2]. Reform and Green Transition - Over 300 reform measures from the 20th Central Committee will be prioritized in the "15th Five-Year Plan," focusing on comprehensive reforms[2]. - The green transition will shift from energy consumption control to carbon emission control, aiming for a 65% reduction in carbon intensity by 2030 compared to 2005 levels[19]. Industry Opportunities - Emerging industries such as electronic information manufacturing and humanoid robots are expected to see rapid market penetration and technological breakthroughs[3]. - The service sector, including retail, healthcare, and telecommunications, has significant growth potential, driven by rising consumer demand[3]. - The marine economy, particularly in tourism and transportation, is projected to grow rapidly, with a focus on policy support[3]. Risks and Challenges - There are risks related to misinterpretation of policies and unexpected changes in domestic and international macroeconomic conditions[39].

Core Viewpoint - The EPMI (Emerging Industry Purchasing Managers Index) for August shows a slight month-on-month increase of 1.0 points, indicating a stabilization in economic activity despite remaining at a historically low level of 47.8, the lowest for August since 2014 [1][6][8]. Summary by Sections EPMI Overview - The EPMI increased by 1.0 points in August, aligning closely with the seasonal average increase of 1.1 points [7]. - The absolute index value of 47.8 is 1.0 points lower than the same month last year, marking the lowest level recorded for August since data collection began in 2014 [8][9]. Demand and Production Indicators - Demand indicators showed slight improvement, with product orders and export orders rising by 2.5 and 2.8 points respectively, while production indicators fell by 0.3 points [10]. - The production-to-order ratio turned negative at -0.6, indicating a better alignment between supply and demand [10]. - Supply contraction led to price increases, with purchase prices rising by 5.3 points and sales prices by 1.5 points [12]. - The difficulty of obtaining loans in emerging industries increased by 2.6 points, reflecting a tightening financing environment [12]. Sector Performance - The sectors of new energy and energy conservation are leading in terms of absolute economic performance, with significant price increases in the new energy vehicle, new energy, and biological industries [14]. - In August, new energy and energy conservation were the only two sectors in the expansion zone, likely influenced by accelerated fiscal funding and seasonal factors [14]. - Price increases in the new energy vehicle sector were notable, with sales prices rising by 4.6 points, indicating effective price management in larger enterprises [14][17]. High-Frequency Data Insights - High-frequency data from early to mid-August showed resilience in exports, production constraints, and strong pricing [18]. - Traditional industries experienced a decline in operating rates due to "anti-involution" effects, with specific declines noted in the automotive tire sector [18]. - Overall, manufacturing PMI is expected to show little change compared to July [18].

Core Viewpoint - The stock price of Baitong Energy reached 12.24 yuan as of August 18, 2025, reflecting a 1.16% increase from the previous trading day, indicating positive market sentiment towards the company [1] Financial Performance - For the first half of 2025, Baitong Energy reported a revenue of 526 million yuan and a net profit attributable to shareholders of 98.83 million yuan, showcasing the company's financial stability and growth potential [1] - The company experienced a net inflow of main funds amounting to 3.56 million yuan on the same day, with a cumulative net inflow of 5.98 million yuan over the past five days, suggesting strong investor interest [1] Company Overview - Baitong Energy operates in the public utility sector, focusing on energy conservation and environmental protection services, and is registered in Jiangxi Province [1] - The company is also a target for the Shenzhen Stock Connect, which may enhance its visibility and attractiveness to investors [1]

Core Viewpoint - DXST's stock price increased by 9.65% on August 19, reaching $1.25 per share, with a total market capitalization of $20.31 million [1] Financial Performance - As of October 31, 2024, DXST reported total revenue of $11.54 million, representing a year-on-year growth of 22.18% [1] - The net profit attributable to the parent company was $2.10 million, showing a year-on-year increase of 13.11% [1] Company Overview - DXST is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Shandong DXST Environmental Co., Ltd., located in Yantai, Shandong [1] - The company specializes in energy conservation and emission reduction, focusing on the treatment and resource utilization of "four wastes" (wastewater, waste heat, waste gas, and waste residue) [1] - Its business scope includes protein wastewater treatment, river ecological governance, rural sewage treatment, river ecological restoration, black and odorous water body remediation, urban road dust suppression, resource utilization of protein wastewater, solid waste resource disposal, sponge city rainwater resource utilization, and new rural construction sewage treatment technology [1]