为纪念中国与沙特阿拉伯建交35周年以及中沙人文交流年，由国家广播电视总局、上海市广播电视局指 导，上海广播电视台真实传媒有限公司敖雪工作室承制的中沙合作纪录片《未来之路》（1集*31分钟） 即将于12月30日晚10：00在东方卫视《新纪实》时段首播。 纪录片《未来之路》是2023年第六届中国-阿拉伯国家广播电视合作论坛合作项目，并入选国家广电总 局"丝绸之路视听工程"。 该片以沙特"2030愿景"为指引，聚焦两国在绿色低碳、经贸投资、文旅时尚等领域的双边合作与交流， 全方位地展现了中国是如何成为沙特"2030愿景"最信赖的、最可靠的合作伙伴的。 聚焦两国重点发展战略，探寻区域合作发展新路径 中沙两国都肩负着民族复兴的历史使命。2016年沙特王储穆罕默德·本·萨勒曼提出了"2030愿景"，旨在 摆脱石油依赖、实现经济多元化、重塑社会结构并提高其全球经济地位。《未来之路》聚焦两国未来发 展规划，将沙特"2030愿景"与中国"十五五"规划战略深度对接，通过真实案例探寻区域合作发展新路 径。 在绿色转型发展方面，长期依赖石油资源的沙特正在向着双碳目标迈进，这与中国的绿色发展理念不谋 而合。沙特有着得天独厚的太阳能资源 ...

Investment Rating - The investment rating for Gree Electric Appliances is "Buy" with a 6-month outlook maintained [5]. Core Views - Gree Electric Appliances reported a revenue of 39.86 billion yuan in Q3 2025, a year-on-year decrease of 15.1%, and a net profit attributable to shareholders of 7.049 billion yuan, down 9.9% [1]. - The company is experiencing pressure in its air conditioning business, particularly in the central air conditioning segment, which saw a decline in sales due to decreased real estate activity [2]. - Gree is diversifying its product offerings to align with market trends towards health, comfort, energy efficiency, and smart appliances, including innovations in washing machines and refrigerators [3]. - Despite challenges, Gree's gross margin for Q3 2025 was 28.3%, with a net profit margin of 17.7%, indicating resilience in profitability [4]. Financial Summary - For the first three quarters of 2025, Gree achieved a total revenue of 137.18 billion yuan, down 6.5% year-on-year, and a net profit of 21.46 billion yuan, a decrease of 2.3% [1]. - The company has adjusted its net profit forecasts for 2025 to 30.37 billion yuan, reflecting a cautious outlook amid market conditions [4]. - Key financial metrics for 2023 to 2027 include projected revenues decreasing from 205.02 billion yuan in 2023 to 178.18 billion yuan in 2025, with a gradual recovery expected thereafter [10].