Group 1 - The article discusses the importance of fresh lychee in Guangdong, highlighting the local obsession with its quality and availability across the country [3][4][5] - There is a growing trend of sending lychee trees to distant locations, such as Heilongjiang, to ensure access to fresh fruit [5] - The article reflects on the cultural significance of lychee as a summer delicacy and its historical value in Chinese cuisine [3][4] Group 2 - The "Yangxi No. 1" deep-sea comprehensive aquaculture platform project has commenced with an investment of nearly 200 million yuan, aiming to enhance the marine economy in Yangjiang [10][11] - The project is part of a broader initiative to promote intelligent and large-scale development in deep-sea aquaculture, aligning with national strategies for marine economic growth [12][14] - Local government and corporate leaders participated in the project launch, emphasizing the importance of collaboration in advancing marine industry standards [15][16] Group 3 - The article highlights the efforts of Wuchuan Traditional Chinese Medicine Hospital to become a leading institution in county-level TCM, focusing on building a reputation for excellence in medical services [18][21] - The hospital aims to leverage its unique TCM advantages to develop key specialty departments, enhancing patient care and operational efficiency [22][23] - The narrative underscores the historical context and community trust in TCM practices, reflecting a growing recognition of its value in modern healthcare [19][20] Group 4 - The article outlines the evolution of the Dong medicine from a traditional practice to a more integrated healthcare service, facilitated by cooperation between regions [26][29] - The collaboration between Wuchuan and Sanjiang aims to expand the reach of Dong medicine, making it accessible to a broader population with health needs [30] - This development signifies a shift in how traditional medicine is perceived and utilized in contemporary health systems [27][28]

Core Viewpoint - Hainan aims to accelerate the construction of a modern industrial system by leveraging its resource endowments, policy frameworks, and geographical advantages [1] Group 1: Industry Development - Hainan will vigorously promote the enhancement and optimization of four leading industries [1] - The focus will be on building an international tourism consumption center while maintaining a dual-driven approach of productive and life service industries [1] - The province plans to cultivate and expand high-tech industry clusters in offshore wind power, biomedicine, petrochemical new materials, and integrated circuits [1] Group 2: Agricultural and Technological Innovation - Hainan seeks to enhance the stable production and supply capacity of natural rubber [1] - The establishment of a national tropical agricultural science center and the dual high ground of agricultural technology innovation and open cooperation is a priority [1] - There will be a deep integration of technological innovation and industrial innovation, focusing on new fields such as seed industry, deep sea, commercial aerospace, green low-carbon, and biomanufacturing [1]

十五五国内海风开发稳步推进，欧洲和日韩海风蓄势待发 20250613 摘要 回顾过去三年全球海上风电的发展情况，有哪些关键因素影响了其进程？ 过去三年，无论是国内还是海外，海上风电的发展进程均低于资本市场预期。 主要原因包括政策协调需求、环境可持续性和技术进步方面的摩擦。在国内， 由于缺乏政策协调框架体系，导致开发节奏向后平移两到三年。海外市场在 2017-2019 年经历了一轮项目招标井喷，但由于疫情、俄乌战争供应链影响 以及加息周期导致财务成本激增，许多项目被放弃或推迟。 当前全球海上风电建设情况如何？ 2024 年的新增拍卖量创纪录地达到了 56 吉瓦，目前处于开工阶段的建设量达 48 吉瓦，使得全球累计海上风电总规模达到 83 吉瓦。这表明行业发展重新回 到高速增长轨道。与 2024 年的新建规模 8 吉瓦相比，新项目和在建项目量远 超每年的实际完成量，接近 5 倍状态，这指向未来几年每年的实际建设量会有 飞跃式增长。 全球海上风电建设提速，2024 年新增拍卖量达 56 吉瓦，在建量 48 吉 瓦，总规模达 83 吉瓦，远超当年新建规模 8 吉瓦的 5 倍，预示未来几 年建设量将飞跃式增长。各国政府 ...

Core Viewpoint - The recent sighting of false killer whales near the coastal wind farm in Rudong, Jiangsu, is attributed to the improvement of the local marine environment, driven by the development of offshore wind energy and ecological protection efforts [1][2]. Group 1: Offshore Wind Energy Development - The development of offshore wind energy is crucial for ensuring national energy security and achieving a comprehensive green transformation of economic and social development [1]. - The integration of "wind farms + artificial reefs" has attracted fish populations, indirectly providing abundant food sources for false killer whales [1]. Group 2: Policy and Planning - There is a need for a cohesive policy framework that integrates energy development with ecological protection, moving away from a "develop first, manage later" approach [2]. - The establishment of a unified planning system that includes marine functional zoning, ecological protection red lines, and land spatial planning is essential for optimizing energy project development [2]. Group 3: Technological Innovation - Technological innovation is key to resolving the conflicts between ecological protection and energy development, with a focus on embedding ecological protection concepts into the entire process of technological research and development [2]. - The implementation of over 70 provincial-level basic research projects in marine fields has led to breakthroughs in transformative technologies, such as intelligent control of deep-sea manned equipment [2]. Group 4: Ecological Monitoring - The establishment of a marine ecological monitoring network is necessary for real-time perception and dynamic adjustment of green energy development and marine ecological protection [2]. - The integration of multi-source data and new technologies, such as artificial intelligence and satellite remote sensing, will create a shared marine ecological big data platform, forming a comprehensive ecological perception network [2].

Investment Rating - Industry Rating: Outperforming the market (maintained rating) [6] Core Viewpoints - The overseas computing power industry chain remains highly prosperous and has not been impacted by DeepSeek and trade frictions, with stronger fundamental resonance in the related industry chain. The AI industry is viewed as a key investment theme for the year, with expectations for continued high prosperity in the AI sector and the AIDC industry chain [2][19] - The report suggests that 2025 may become a pivotal year for domestic AI infrastructure competition and application development, with ongoing advancements in AI in both China and the US [2][19] - The government work report has included "deep-sea technology" for the first time, indicating a positive trend for the offshore wind and submarine cable industry starting in 2025 [2] Summary by Sections Artificial Intelligence and Digital Economy - Key recommendations for optical modules and optical devices include: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology. Suggested stocks include: Guangxun Technology, Suosi, Dingtong Technology, and others [4][22] - For switch server PCBs, key recommendations are: Hudian Co., ZTE, and Unisplendour. Suggested stocks include: Shengke Communication, Ruijie Networks, and others [4][22] - Low valuation and high dividend stocks in cloud and computing IDC resources include: China Mobile, China Telecom, and China Unicom [4][22] - For AIDC and cooling solutions, key recommendations are: Yingweike, Runze Technology, and others. Suggested stocks include: Shenling Environment and others [4][22] - For AIGC applications and edge computing power, key recommendations are: Guanghe Communication, Meige Intelligent, and Yiyuan Communication. Suggested stocks include: Cai Xun Co., Mengwang Technology, and others [4][23] Offshore Wind and Submarine Cable - Key recommendations for offshore wind and submarine cable include: Hengtong Optic-Electric, Zhongtian Technology, and Dongfang Cable [5][24] - The report emphasizes the recovery of overseas markets and recommends focusing on leading companies in the submarine cable industry [3][20] Satellite Internet and Low-altitude Economy - The acceleration of national defense informatization and low-orbit satellite development is highlighted, with key recommendations including: Huace Navigation and Haige Communication. Suggested stocks include: Chengchang Technology, Zhenlei Technology, and others [6][25] Market Performance Review - The communication sector rose by 2.19% during the week of July 7-11, outperforming the CSI 300 index by 1.37 percentage points [26] - Notable individual stock performances include: Hengbao Co. and Changxin Bochuang, which saw significant increases [27][29]

随着近日"反内卷"进一步明确，包括光伏在内的多个产业出现"绝地反击"。 7月11日，多晶硅期货 突破4.1万元大关，主力合约盘中最高报42265元/吨，触及近三个月新高。与此同时，上周硅料企 业报价已提升至成本价以上，有望迅速带动硅片电池片价格上涨。 扩展阅读： 通威股份终止后，又有两家企业拟收购润阳股份 通威股份，终止收购润阳！ 继通威收购，润阳 13GW 产能复产！ 由 长三角船舶与海工装备技术创新中心、长三角海上风电智能运维创新联盟、江苏科技大学海洋资源 开发技术创新研究院 联合主办的2025（第五届）海洋清洁能源技术与装备高峰论坛（简称： MCES2025）将于 7月23-25日 在 南通 召开， 将针对" 融合发展需要哪些创新技术驱动？"、"如 何将示范工程的成功经验快速规模化？"、"深远海施工成本困局如何破解？ "等热点话题展开探讨。 论坛同期举办青年科学家10²论坛、产业发展与创新技术全体大会、四大专题论坛，以及产业需求对接、 创新产品与技术展览、项目地图发布等特色活动。 在此背景下， 【DT新材料】 获悉， 7月8日， 润阳新能源 通过官方公众号宣布云南基地复产， 从 停机状态到满负荷生产，仅 ...

2025年7月13日 证券研究报告 | ESG热点周聚焦（7月第2期） 创业板综指引入ESG负向剔除机制 策略研究 · 策略专题 证券分析师：王开 证券分析师：陈凯畅 021-60933132 021-60375429 wangkai8@guosen.com.cn chenkaichang@guosen.com.cn S0980521030001 S0980523090002 请务必阅读正文之后的免责声明及其项下所有内容 核心观点 请务必阅读正文之后的免责声明及其项下所有内容 ◼ 海外ESG热点事件：在绿色金融、碳中和、企业治理与环境保护四条主线上，政策、市场、技术协同发力，助力全球能源结构转型与气候应对。绿色 金融方面，沃旭能源完成中国台湾大彰化海上风电27.5亿美元项目融资，获25家银行及5家出口信贷机构支持；加州社区选择融资局即将发行10亿美 元30年期绿色债券，用于圣地亚哥社区电力清洁能源供应；英国与日本住友商事达成75亿英镑（约100亿美元）清洁能源投资协议，重点投向海上风 电与氢能；欧盟委员会发布非正式指南，为港口电动集装箱设备联合采购提供竞争法合规路径，加速柴油设备替换。碳中和与减排方面，Mic ...

Group 1 - The central government emphasizes the importance of innovation, efficient collaboration, industrial upgrading, harmony with the ocean, and win-win cooperation in promoting high-quality development of the marine economy [1][2] - China has maintained its position as the global leader in offshore wind power installation for seven consecutive years, with cumulative installed capacity accounting for about half of the world's total [1][2] - The offshore wind power industry is entering a phase of high-quality development, supported by strong policy backing and social capital participation [2][3] Group 2 - The development of offshore wind power is crucial for achieving carbon neutrality goals and plays an irreplaceable role in regional energy transformation [2][3] - By the end of 2024, China's offshore wind power installed capacity is expected to reach 41.27 GW, representing 7.9% of the country's total wind power capacity [2] - The technology development in offshore wind power is rapidly evolving, with the proportion of wind turbines with a capacity of 10 MW and above increasing from 46.4% in 2023 to 55.8% in 2024 [3][4] Group 3 - The industry is witnessing significant advancements in technology and innovation, with the establishment of floating offshore wind power demonstration projects contributing to the development of deep-sea wind power [4][5] - The offshore wind power sector is seen as a key area for technological advancement and high added value, with a focus on enhancing domestic innovation capabilities [3][4] - Predictions indicate that by 2030, the overall offshore wind power installed capacity in eastern coastal provinces will exceed 70 GW, and by 2060, it will surpass 136 GW [5][6] Group 4 - The integration of offshore wind power with green hydrogen and ammonia opens up vast opportunities for application scenarios and downstream industry chain extensions [5][6] - The future of the offshore wind power industry will require improved infrastructure, energy industry integration, and the development of specialized economic clusters [5][6] - The industry is transitioning from scale leadership to technological leadership, emphasizing the importance of domestic production and system solutions [5][6]

Group 1: Marine Economy Development - The core viewpoint emphasizes the importance of high-quality development in the marine economy as part of China's modernization strategy, driven by technological innovation [1] - The Chinese government is focusing on enhancing independent innovation capabilities in marine technology and fostering leading marine technology enterprises [1] - The article highlights the significance of marine resources and the need for strategic management to boost the marine economy [1] Group 2: Marine Aquaculture - The article discusses the advantages of large-scale aquaculture, specifically the use of oversized net cages that enhance the quality of fish, such as the large yellow croaker [2] - The unique geographical features of the region, including nutrient-rich waters from three rivers, contribute to the area's prominence in yellow croaker production [2] - Innovations in net cage design, such as using high-density polyethylene, improve resilience against harsh weather conditions [2][3] Group 3: Smart Aquaculture Technologies - The integration of smart technologies in aquaculture management allows for real-time monitoring of water quality parameters, significantly reducing disease rates among fish [3] - The establishment of a net-free sound wave marine ranch aims to simulate wild conditions for fish, aiding in the recovery of natural populations [3] Group 4: Wind Power Development - The article outlines the rapid development of offshore wind power in Fujian, with a total installed capacity of 383,000 kilowatts expected by May 2025 [6][7] - The use of domestic equipment in offshore wind projects marks a significant advancement in China's high-end manufacturing capabilities [7] - The article highlights the importance of energy storage solutions to enhance the utilization of offshore wind power [7] Group 5: Seaweed Industry Potential - Seaweed is identified as a valuable resource with significant potential for high-end applications, such as the production of ultra-pure sodium alginate for medical use [8][9] - The successful industrialization of ultra-pure sodium alginate represents a breakthrough in overcoming previous market monopolies [9] Group 6: LNG Dual-Fuel Shipbuilding - The construction of LNG dual-fuel ships is highlighted as a response to international emissions reduction targets, with significant reductions in CO2 emissions [10][12] - The article discusses the challenges faced in developing LNG fuel tanks and the innovative solutions implemented by domestic shipbuilders [11] Group 7: Desalination Projects - The establishment of a large-scale seawater desalination project in Tianjin aims to meet the freshwater needs of the chemical industry, replacing over 5 million tons of freshwater annually [14][15] - The project utilizes advanced dual-membrane desalination technology, achieving significant efficiency in freshwater production [15][16] - The integration of a circular economy model around desalination processes is being developed to enhance resource utilization [16]

完善产业链协同与供应链建设。推动上下游企业之间的深度合作，促进中小企业融入产业链，推动产业 链企业之间的资源共享和技术交流。如三峡能源等30家风电产业链上下游企业签署合作协议，推动海上 风电产业链的协同发展。优化供应链管理，支持企业开展供应链协同创新，提升供应链的稳定性和竞争 力。如盐城形成"3小时供应链"，95%的风机零部件在江苏省内实现集成供应，有效提升了供应链效 率。 提升海上风电安全管理水平。推动地方政府建立海上风电安全协调机制，加强能源、自然资源、生态环 境、港航、应急等部门之间的协同合作，形成工作合力。建设远程监控平台，建设小物标雷达、水文气 象信息采集系统、电子围栏等感知设施和甚高频通信设施，实现对海上风电场的全方位监控。例如，漳 州海事局在漳浦六鳌海上风电场二期项目中，通过布设电子围栏硬件设备、雷达设备，设置三级预警 线，实现了对海上风电场的有效监控。 2022年，国家发展改革委等9部门印发《"十四五"可再生能源发展规划》，提出"优化发展方式，大规模 开发可再生能源"，明确海上风电开发建设重点方向。今年，《自然资源部关于进一步加强海上风电项 目用海管理的通知》印发，从规划管控、节约集约、用海审 ...