Core Insights - The upcoming retirement of new energy equipment, including waste power batteries, solar panels, and wind turbine blades, is projected to create significant waste management challenges in China by 2030, with estimates of 1.5 to 2 million tons of waste solar panels, 500,000 tons of waste wind turbine blades, and 1 million tons of waste power batteries [1][2][3] Waste Management and Recycling Capacity - China's recycling capacity for waste solar panels and wind turbine blades is approximately 2 million tons and 1 million tons, respectively, which exceeds the projected retirement volumes, leading to a situation where recycling companies often face underutilization [2][3] - The Ministry of Ecology and Environment (MEE) has reported that there are 148 qualified companies for comprehensive utilization of waste power batteries, with a total recycling capacity of 2.5 million tons [2] Regulatory Framework and Support - Since the suspension of the "Four Machines and One Brain" fund on January 1, 2022, the Ministry of Finance has continued to allocate special funds to support compliant dismantling enterprises through a reward and subsidy mechanism [2][3] - The MEE is enhancing regulatory oversight of dismantling enterprises to prevent environmental pollution and promote resource recovery [5][8] New Pollutant Management Initiatives - The MEE is actively implementing the New Pollutant Governance Action Plan, which includes the establishment of a coordination mechanism among 15 national departments and the formation of an expert committee to address new pollutants [6][7] - As of 2022, the MEE has approved the registration of 802 new chemical substances and has proposed 1,365 environmental risk control measures to mitigate the generation of new pollutants [7][9] Future Directions - The MEE plans to strengthen environmental supervision and enhance the regulatory framework for new pollutants, including the establishment of a national monitoring network and a collaborative governance structure [8][9] - The ministry aims to improve the capacity for managing new pollutants and ensure the effective implementation of environmental risk assessments and control measures [9]

中国经济网北京11月28日讯(记者 杨秀峰)今年是国务院办公厅印发《新污染物治理行动方案》(以 下简称《方案》)实施收官之年。11月28日，生态环境部召开11月例行新闻发布会，固体废物与化学品 司司长郭伊均在会上表示，新污染物是一类化学物质的统称，通过环境风险筛查评估，发现存在风险， 但尚未纳入常规管理，或者管理措施不足。自《方案》印发以来，生态环境部会同有 新污染物防治工作积极开展。严格新化学物质环境管理登记制度，2022年以来，共批准登记802种 新化学物质，提出1365项环境风险管控措施，从源头防控新污染物产生。对14种类重点管控新污染物实 施禁止、限制、限排等环境风险管控措施；聚焦长江、黄河等重点流域，针对全氟化合物、抗生素等重 点类别，瞄准印染、涂料等重点行业，先后启动三批27个新污染物治理试点项目，探索创新新污染物治 理监管模式。 加强新污染物治理环境监管。生态环境部连续两年在全国组织开展新污染物监测试点，先后印发关 于加强重点行业涉新污染物建设项目环境影响评价工作的意见和关于做好新污染物领域执法工作的通 知，强化环境监管。 法规制度建设稳步推进。化学物质环境风险管理条例制定已列入国务院年度立法工 ...

21世纪经济报道记者李德尚玉 北京报道 11月28日，生态环境部固体废物与化学品司司长郭伊均在生态环境部例行新闻发布会答21世纪经济报道提问时透 露，生态环境部化学物质环境风险筛查评估工作进展顺利，正在开展新污染物防治工作，加强新污染物治理环境监管。 "新污染物是一类化学物质的统称，通过环境风险筛查评估，发现存在风险，但尚未纳入常规管理，或者管理措施不足。"郭伊均表示，2022年以来，共批准 登记802种新化学物质。 全氟化合物、抗生素等重点类别，瞄准印染、涂料等重点行业，先后启动三批27个新污染物治理试点项目，探索创新新污染物治理监管模式。 生态环境部还在加强新污染物治理环境监管。生态环境部连续两年在全国组织开展新污染物监测试点，先后印发关于加强重点行业涉新污染物建设项目环境 影响评价工作的意见和关于做好新污染物领域执法工作的通知，强化环境监管。此外，化学物质环境风险管理条例制定已列入国务院年度立法工作计划预备 类，同步推动相关制度规定纳入正在编纂的生态环境法典，印发化学物质环境风险评估与管控技术标准体系框架，不断完善相关制度体系。 "我国新污染物治理起步较晚，工作基础薄弱，法规制度不完善，资金政策支撑保障 ...

Core Insights - The China International Coatings Exhibition has reached its largest scale ever, featuring 1,465 exhibitors from 30 countries and regions, facilitating extensive cooperation discussions [1] - Yuanli Technology showcased its innovative capabilities through multiple technical exchange activities, promoting international collaboration and advancing the industry's green and sustainable development [1] Company Highlights - Yuanli Technology presented a multifunctional exhibition booth displaying key products such as Dimethyl Succinate (MDBE), new hindered amine light stabilizers (YuaNovSTAB-HALS), and polycarbonate diols (PCDL) [1][3] - The company provided one-on-one consultations and in-depth technical explanations of the performance and applications of its light stabilizers and PCDL products during the exhibition [1] Environmental Focus - Yuanli Technology launched eco-friendly products aimed at achieving carbon neutrality, significantly reducing carbon emissions compared to traditional petrochemical products while enhancing the weather resistance and environmental friendliness of coatings [1] - The company aims to strengthen its research and development in the field of eco-friendly products, enhance brand influence, and expand both domestic and international markets [1]

立邦中国流程IT总部副总裁谢寳财（右七）获评"行业数智化领军人物" 立邦中国"AI 飞轮项目"荣获"AI+创新应用典范案例"奖 当前，以人工智能为代表的新一轮科技革命正深刻重塑产业格局。"中国数智化年会"作为目前国内数字 经济及数字化创新领域的全国盛会，迄今已成功举办八届，成为全球性的数智化转型高端交流平台。本 届年会以"AI+重构万象"为主题，汇聚全球 AI 创新者、传统企业转型先锋与远见投资者，共探产业智能 化转型之策。年会同期举行的"数智化转型与创新评选"，聚焦 AI 驱动的业务重构、智能决策与创新场 景落地，旨在发掘智能时代的转型先锋。在来自百余家企业的175个参评案例中，立邦凭借 AI 技术与 业务场景的深度融合实践脱颖而出，成功斩获案例及人物类别两项大奖。 来源：美通社 上海2025年11月27日 /美通社/ -- 11月27日，2025中国数智化年会暨第八届数智化转型与创新评选颁奖典 礼在北京举行。立邦中国"AI 飞轮项目"荣获"AI+创新应用典范案例"奖，同时，立邦中国流程IT总部副 总裁谢寳财获评"行业数智化领军人物"。 随着国家迈入"十五五"发展阶段，企业的竞争力提升离不开对新技术、新场景 ...

中化新网讯 11月25日，路博润公司与浙江福莱新材料股份有限公司正式签署合作备忘录，双方将围绕 生物基涂层、可降解涂层、特种印刷涂层、高阻隔柔性包装涂层等创新材料领域建立战略合作，共同开 发可持创新续涂层材料。 根据备忘录，双方将成立联合工作组，通过定期信息共享与联合研发机制，系统推进新一代可生物降解 的环保涂层树脂、功能性涂层树脂、高性能喷墨用树脂等技术的开发与应用。此次合作将结合路博润在 特种化学品领域的研发优势与福莱新材在涂布复合材料制造及市场应用方面的丰富经验，致力于开发可 再浆、可循环利用等环保材料解决方案，为客户提供更具竞争力的产品。 图为签约仪式现场。 合作将重点关注食品包装领域的纸杯、防油纸等环保纸张应用，以及标签材料等领域的特种功能性涂层 应用。通过路博润提供的生物基和可降解涂层等技术支持，福莱新材将能够生产一系列的差异化产品， 满足市场对环保和高性能材料日益增长的需求。 ...

Core Insights - The 2025 China International Coatings Exhibition showcases Milliken's BORCHERS® brand, emphasizing its technological innovations and sustainable development capabilities in the Asian market [1][3] Group 1: Technological Innovations - BORCHERS® presents several industry-leading additive solutions aimed at enhancing quality, efficiency, and sustainability in industrial coatings [3] - Key product lines include dispersants, rheology modifiers, drying agents, and catalytic systems, addressing technical challenges in the industry [3][5] Group 2: Application Cases - BORCHERS® demonstrates its additive systems' value through various application cases, such as cobalt-free drying agents and zero VOC dispersants for water-based industrial coatings [5] - The showcased solutions aim to support customers in achieving greener formulations and improving application performance in complex scenarios [5][8] Group 3: Commitment to China - Milliken's BORCHERS® brand is committed to deepening its technical, supply chain, and customer service presence in China, which is a key market for green technology innovation [6][7] - The company is expanding its Shanghai technical service center to enhance formulation development and local supply capabilities [7][8] Group 4: Sustainable Development Strategy - Sustainability is a core strategic direction for BORCHERS® and Milliken, integrating the 3R principles of Reduce, Recycle, and Reuse into product design and operations [8] - The exhibition highlights core products such as cobalt-free drying agents and zero VOC dispersants, reflecting the brand's commitment to the Chinese market and its technological strength [8]

Core Viewpoint - Lingwei Technology showcases its commitment to green coatings and innovative applications at the 2025 China International Coatings Exhibition, emphasizing low-carbon and environmentally friendly solutions [1] Group 1: Sustainable Development - Lingwei Technology focuses on sustainable development with its core material, nano-silica, which offers both environmental and functional advantages [2] - Featured products include HOMSIL silica for matting, HOMAC anti-rust pigment, and HOMSOL silica sol, applicable in traditional coatings and emerging fields like 3D printing and photovoltaic self-cleaning coatings [2] - The POLYCOAT water-based epoxy emulsion and curing agent are highlighted for their unique emulsifier design that reduces VOCs without increasing emulsion particle size, providing an ideal choice for low-carbon and long-lasting anti-corrosion [2] - POLYCOAT serves as an excellent substrate for radiation cooling coatings, widely used in building exteriors, photovoltaic components, and energy storage cabinets, contributing to industrial and building energy savings [2] - All products have passed three major ISO certifications and comply with EU RoHS directives, supporting the "dual carbon" goals of the industry [2] Group 2: Industry Chain Collaboration - Lingwei Technology emphasizes the value of industry chain collaboration, achieving full-chain innovation through upstream and downstream strategic partnerships [3] - The company has established joint R&D and technical cooperation with renowned paint companies like Sherwin-Williams, Nippon Paint, AkzoNobel, and Meiga Xincai, ensuring products meet downstream customer and market demands [3] - Currently, Lingwei Technology serves over 3,000 enterprises globally, with products exported to over 50 countries and regions, supported by a network of over 80 distributors [3] Group 3: Digital Transformation - Lingwei Technology is transforming the raw materials industry through digitalization and intelligence, enhancing smart manufacturing capabilities [4] - The company has established digital smart factory benchmarks in its Ma'anshan and Hunan bases, implementing systems for visual and standardized control across R&D, production, quality inspection, and supply [4] - Industrial internet technology enables real-time monitoring and intelligent scheduling of production data, significantly improving efficiency and reducing energy consumption [4] - The Ma'anshan base's photovoltaic system can reduce carbon emissions by approximately 920 tons annually, supporting a low-carbon production and intelligent control operational system [4] Group 4: Future Outlook - Lingwei Technology plans to continue increasing investments in green materials, industry chain collaboration, and digital construction, with R&D expenditures exceeding 5% of revenue and showing a year-on-year increase [5] - Through green innovation and intelligent transformation, Lingwei Technology is driving the industry towards more environmentally friendly and efficient practices, injecting new momentum into the transition from "Made in China" to "Created in China" [5]

光伏领域：纳米级硅溶胶实现增效与耐候 针对光伏产业对效能提升的核心需求，凌玮科技推出了专项涂层材料解决方案。公司自主研发的HOMSOL硅溶胶，可用于光伏玻璃自清洁涂层，助力实现 减反射、增透与表面自洁功能，有效提升组件发电效率。同时，HOMSIL光伏背板涂层专用二氧化硅，则凭借出色的密封耐候与防沉性能，成功牵手中国多 家头部光伏材料企业，为光伏组件长期稳定运行筑牢屏障。 风电领域：功能性二氧化硅提供消光与防护 储能领域：水性环氧乳液与固化剂解决防腐难题 11月25日至27日，中国国际涂料展(CHINACOAT2025)在上海新国际博览中心举办。凌玮科技（301373）(股票代码：301373)紧扣国家"十五五"规划"加快建 设新型能源体系"的核心目标，聚焦风电、光伏、储能三大新能源领域，展示了针对"风光储"设备涂层的材料解决方案，以纳米功能性材料助力新能源产业 发展。 此次展示积极响应了国家能源局在10月31日新闻发布会上提出的"加快推动新能源'立起来''靠得住'"，并"推进分布式新能源多场景多元化开发"的产业导 向。 应用于风电叶片涂层的HOMSIL消光二氧化硅，能够降低涂层表面光泽，通过形成均匀的哑光质感 ...

Core Viewpoint - The stock of Sankeshu has shown a significant increase in price and trading activity, reflecting positive market sentiment and financial performance in recent periods [1][2]. Financial Performance - For the period from January to September 2025, Sankeshu reported a revenue of 9.392 billion yuan, representing a year-on-year growth of 2.69% [2]. - The net profit attributable to shareholders for the same period was 744 million yuan, marking a substantial year-on-year increase of 81.22% [2]. Stock Performance - As of November 27, the stock price of Sankeshu rose by 2.03%, reaching 45.30 yuan per share, with a total market capitalization of 33.423 billion yuan [1]. - Year-to-date, the stock has appreciated by 52.53%, with a 3.12% increase over the last five trading days and a 5.50% increase over the last 20 days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 14,200, with an average of 51,849 shares held per shareholder, a decrease of 0.50% [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the third-largest shareholder, holding 19.3144 million shares, an increase of 5.9453 million shares from the previous period [3]. Dividend Distribution - Since its A-share listing, Sankeshu has distributed a total of 1.102 billion yuan in dividends, with 622 million yuan distributed over the last three years [3]. Business Overview - Sankeshu specializes in the research, production, and sales of construction coatings, wood coatings, waterproof materials, flooring materials, insulation materials, integrated boards, and base materials [1]. - The company's revenue composition includes engineering wall paint (30.87%), base and auxiliary materials (29.79%), home decoration wall paint (27.07%), waterproof membranes (7.91%), and other segments [1].