好的，尊敬各位投资者，大家下午好，我是长江属王浩涛团队的于宏。那今天的这个 1 点 的开门红电话会议，我们也是很荣幸的邀请到咱云铝股份的证代，王继四总跟我们做个最 新的沟通。是的。咱那个开门大吉，骏马这个腾飞。咱也可以开始了，可以先简单的这个 回顾一下我们整个 25 年的这个经营情况，一会对 26 年做个大致展望，谢谢。 云铝股份证代王继四总: 25 年的话，应该是感谢这个开工第一天，然后在线上参加咱们本次交流的各位投资者，祝 大家，也是祝大家马上，马年大吉，马上发财，呵呵。然后，就是整个 25 年的话，应该 是整个了，就是从农历年来说，整个 25 年的话，我们盈利的话应该说是这整个情况还是 延续的以前稳健的一个经营策略，也抓住了这个，就是整个市场的一个，整个这个市场价 格上升呐。包括整个云南省，那个就是整个电力的供应的这个环节的一个。整体的一个形 式，然后整个生产经营也是稳健的进行。 分析师 1: 这个就是 25 年的一个基本情况。针对 26 年和 25 年的情况，因为也没达到这个业绩预告 的一个条件。第二个，近期，可能下个月我们，下个月下旬应该我们年报就披露了。也不 是特别方便在这里说一些非常细的一些数据 ...

Core Insights - The article highlights the rapid development of the clean energy industry in Zhaotong, driven by wind, water, and solar energy, aiming for a multi-energy complementary system and integrated development of "source, grid, load, and storage" [1][5][11] Group 1: Hydropower Development - The Baihetan Hydropower Station, the second-largest in the world, is a key component of China's "West-to-East Power Transmission" project, contributing to the world's largest clean energy corridor [4] - The Baihetan Hydropower Station has a total installed capacity of 16 million kilowatts, with each unit capable of generating 150 kilowatt-hours of electricity, sufficient for a typical household's monthly consumption [4][5] - Zhaotong's three major hydropower stations have a combined installed capacity of 13.86 million kilowatts, with the Xiluodu Hydropower Station alone generating over 700 billion kilowatt-hours since its commissioning [4][5] Group 2: Wind and Solar Energy Integration - Zhaotong is expanding its wind and solar energy capacity, with the Qiaojia County Laishishan Wind Farm having an installed capacity of 223,500 kilowatts and generating over 5.499 billion kilowatt-hours to date [6][9] - The Baigoulin Photovoltaic Power Station has a total installed capacity of 200 megawatts, expected to generate over 250 million kilowatt-hours by 2025, benefiting from Zhaotong's high solar irradiation [9][11] Group 3: Industrial Integration and Economic Impact - The integration of clean energy has significantly benefited local industries, with Yunnan Yun Aluminum Haixin Aluminum Co., Ltd. projected to consume approximately 9.5 billion kilowatt-hours of electricity by 2025, achieving a high operating rate of up to 90% [11][14] - The company has produced 3.3545 million tons of green aluminum, generating an industrial output value of 59.712 billion yuan and paying 2.171 billion yuan in taxes [14][16] - The presence of abundant green electricity and a complete upstream supply chain has enabled local manufacturers to meet stringent supply chain requirements from global high-end clients [16]

Group 1 - The core point of the articles highlights Yunnan's commitment to renewable energy, showcasing its low carbon emissions per kilowatt-hour and significant green power capacity [1][2] - Yunnan's carbon dioxide emissions per kilowatt-hour stand at 0.13 kg, the lowest in the country, with green electricity installed capacity exceeding 155 million kilowatts by the end of 2025 [1] - The province is focusing on optimizing its energy structure by leveraging its water, wind, and solar resources, which is reflected in the growing share of renewable energy in its power generation [1] Group 2 - Yunnan is advancing carbon footprint accounting and certification for key industrial products to enhance market competitiveness, particularly for "new three samples" products [2] - The collaboration between relevant departments and the Yunnan Provincial Academy of Ecological Environment Science aims to establish carbon footprint accounting methods and certification mechanisms for typical industries [2] - Yunnan is set to accelerate its green transformation during the 14th Five-Year Plan period, aiming to become a significant clean energy base in China while implementing dual control of carbon emissions [2]

在"十四五"即将圆满收官、"十五五"征程就要开启的重要历史节点上，省委十一届九次全会在昆明举 行。会议审议通过了《中共云南省委关于制定云南省国民经济和社会发展第十五个五年规划的建议》， 紧紧围绕"一个跨越""三个定位""开创发展新局面"这一总纲，系统谋划云南未来五年发展，是全省经济 社会高质量发展的指导性文件。全会的召开，明确了"十五五"时期云南经济社会发展重点任务，对扎实 推进中国式现代化云南实践具有重大而深远的意义。 必须在强化科技赋能引领上下功夫，推动云南产业向"新"升级。立足云南发展不平衡不充分问题突出实 际，面对困扰高质量跨越式发展诸多堵点卡点，如产业基础比较薄弱、新旧动能接续转换不畅、科技创 新支撑不足，等等，要想加快推进云南产业转型升级，就必须实施好科教兴滇、人才强滇、创新驱动发 展战略，坚持以科技赋能行动为牵引，因地制宜发展新质生产力，以高质量科技供给支撑云南高质量跨 越式发展；就必须加快推动科技创新与产业创新深度融合，将最新科技创新成果运用到具体产业和产业 链上，推动云南产业向"新"升级、向"新"而行。《建议》立足云南科研实际与特色优势，就强化科技赋 能引领、加快创新云南建设作了全面部署，一 ...

Group 1 - The core viewpoint emphasizes the importance of industrial parks as key drivers of economic development in the province, highlighting three keywords: "Gather," "New," and "Governance" [1][2][3] Group 2 - "Gather": The province has 21 development zones with a concentration of leading industries exceeding 60%. National-level development zones account for 40% of the total revenue from development zones. Key industrial chains like green aluminum and silicon photovoltaic contribute nearly one-third of the total industrial output value from development zones [1] - "New": The vitality of the parks stems from continuous innovation, including technological upgrades and new operational models. The shift from "park economy" to "park within a park" model promotes cross-regional cooperation and diverse development [1] - "Governance": The focus is on improving governance efficiency by enhancing infrastructure and service management while reducing administrative burdens. This includes delegating 74 administrative approval powers and implementing a "management committee + company" model to separate management from operations [2] - The strategic development goal of "3815" aims to enhance the integration of production, urban development, and human resources, focusing on five billion-yuan industrial clusters in clean energy, silicon, phosphorus, and modern services [2] - Future plans include leveraging resource advantages and improving the industrial concentration and economic contribution of parks, with a target of exceeding 600 billion yuan in comprehensive output value from five major industrial clusters [2]

2025年，全省上下深入学习贯彻习近平总书记考察云南重要讲话精神，坚持稳中求进工作总基调，完整准确全面贯彻新发展理念，积极服务和 融入新发展格局，顶住多重挑战、奋力攻坚克难，交出了一份稳中有进、质效兼优的高质量答卷。1月30日晚，省政府新闻办举行2026年云南 省两会新闻发布会·经济社会发展主题专场。省发展改革委、省工业和信息化厅、省财政厅、省统计局、国家统计局云南调查总队负责同志介 绍工作情况，并回答记者提问。 聚焦2026云南省两会 总量平值增长 全省实现地区生产总值32765.78亿元 技不变价格计算,比上年增长4.1% 产业增长3.1% ◆第二产业增长2.9% ◆第三产业增长5.1% 食产量再上新色彩 全省粮食总产量2001.89 万吨 首次突破2000万吨,同比增长0.4% 粮食综合单产 315.98 公斤/亩 每亩产量比上年增加3.05公斤,增长1.0% 规模以上工业增加值同比增长4.5% ◆非烟非能工业增加值增长8.1%,对全省规上工业增长贡献率达72.9% 非烟非談丁业支撑作用明显 ◆有色行业增长14.2%,对全省规上工业增长贡献率达31.5% 41 術園出学体的技术 规模以上工业发电量459 ...

Group 1 - The core viewpoint highlights the significant industrial growth in Yunnan province, with industrial added value surpassing 760 billion yuan and an average annual growth rate of 5.9% since the 14th Five-Year Plan [1] - Yunnan is focusing on green transformation and exploring the integration of ecological value with economic benefits, aiming to enhance traditional industries and develop strategic emerging industries [1] - The industrial added value in Yunnan is projected to increase from 563 billion yuan in 2020 to 762.9 billion yuan by 2025, with an average annual growth rate of 4.8% [1] Group 2 - The new industrial momentum in Yunnan is significantly strengthening, with the total output value of strategic emerging industries increasing by 3 percentage points compared to 2020 [2] - The annual growth rates for high-tech manufacturing and equipment manufacturing added value are 25.8% and 28.3%, respectively [2] - By 2025, the added value of the electronics industry, high-tech manufacturing, and equipment manufacturing is expected to grow by 22.7%, 17.6%, and 17.7% respectively, indicating robust growth [2] Group 3 - Yunnan's clean energy advantages are being rapidly transformed into industrial strengths, with the province's green electricity installed capacity and proportion ranking among the top in the country [3] - The carbon dioxide emissions per kilowatt-hour of electricity generated in Yunnan are the lowest in the country at only 0.13 kilograms [3] - By 2025, hydropower and solar power generation are expected to increase by 5.6% and 33.7%, respectively, with clean electricity accounting for 87.6% of the total [3] - The "new three" industries, represented by green aluminum, silicon photovoltaic, and new energy batteries, are rapidly emerging, with expected increases in added value of 75.9%, 12.1%, and 3.2% respectively by 2025 [3] - The green aluminum industry chain is projected to exceed 100 billion yuan in 2023 and reach 180 billion yuan by 2025 [3] - During the 15th Five-Year Plan, Yunnan aims to establish itself as a major clean energy base, strategic non-ferrous metal industry base, and a world-class tourism destination while enhancing its green aluminum, silicon photovoltaic, and phosphate chemical industries [3]

Core Viewpoint - Yunnan Province is leveraging its resources, industrial parks, and ports to accelerate economic development and enhance its industrial strength, creating a robust support system for economic transformation and high-quality growth [1]. Resource Empowerment and Industrial Quality Improvement - Yunnan has become a significant flower production area in China, with an annual output of over 20 billion fresh-cut flowers, accounting for 70% of the national market [2]. - The export value of Yunnan's fresh-cut flowers is projected to reach 1.22 billion yuan by 2025, marking a 60.5% year-on-year increase, maintaining the top position in national exports for seven consecutive years [2]. - Yunnan's unique geographical advantages have also led to the dominance of its tea, flower, nut, coffee, traditional Chinese medicine, and natural rubber industries, with coffee cultivation area accounting for 99% of the national total [4]. - The green aluminum production line in Yunnan's Heqing Industrial Park is expected to produce 432,600 tons of electrolytic aluminum with a value exceeding 8 billion yuan by 2025, with carbon emissions 15% lower than the industry average [4][5]. Industrial Park Aggregation Driving Strength - Yunnan is promoting the "three major economies" through industrial parks, enhancing the development of key industries and achieving industrial chain integration [6]. - The newly established Hushang Linport Kunming Science and Technology City has attracted 144 enterprises, focusing on advanced manufacturing, biomedicine, industrial internet, and new materials [8]. - The Anning High-tech Industrial Development Zone has seen significant growth in its economy, focusing on petrochemicals, metallurgy, and new energy, with its industrial output ranking among the top in the province [9]. Port Hub Reshaping Industrial Landscape - Yunnan's geographical location allows it to develop a port economy, transitioning from traditional "channel economy" to a comprehensive "port hub economy" that integrates logistics, trade, processing, and services [10]. - The Hekou Port is projected to handle 6.42 million inbound and outbound passengers and 4.3152 million tons of import and export goods by 2025, with respective year-on-year growth of 12% and 4.5% [12]. - The Menghan Port has become a crucial hub for goods and personnel, with a projected 19.51 million passengers and 24.48 million tons of goods transported by 2025, reflecting a 2.1% and 24.6% increase respectively [13].

转自：云南日报 文山州绿色铝产值突破千亿元大关 成为全国绿色铝产能最大州市 记者从文山壮族苗族自治州发展改革委获悉，2025年文山州绿色铝产值突破1000亿元大关。铝产业成为 文山州首个千亿级产业集群，为云南加快打造绿色铝谷提供了有力支撑。 "十四五"以来，文山州抢抓国家铝产业布局优化重大机遇，着力打造绿色铝谷核心区，先后引进魏桥、 中铝、神火等世界500强、中国500强铝产业企业，电解铝产能达343万吨、占全省的一半，铝加工产能 407.4万吨，建成及在建再生铝产能210万吨，形成了"铝土矿—氧化铝—绿色铝—铝材精深加工—再生 铝—综合利用"的铝产业集群，成为全国绿色铝产能最大的州（市）、"北铝南移"的标志区。 文山州"十五五"规划建议明确提出，加快产业链供应链创新链协同发展，持续答好"云南打造绿色铝 谷，文山怎么办"这一命题，聚焦高端化、智能化、绿色化，加快构建完善"1+1+3+N"铝产业体系， 即"电解铝+再生铝+3个铝产业园区+N个企业、项目"。同时，加快再生铝资源回收体系建设，打造滇东 南绿色铝产业先进制造业集群，推动铝合金转化率达100%，铝材占比提升到70%以上，持之以恒打 造"绿色铝谷"核心区 ...

云南是全国水能源最丰富的地区之一，其丰富的水电资源和得天独厚的绿色能源优势，为"绿色铝"的诞生提供了天然的沃土。云南铝业股份有限公司（以 下简称"云铝股份"）充分发挥云南绿色清洁水电能源独特优势，从铝土矿源头开始，将绿色、可持续理念贯穿于矿产资源开发、能源结构优化和供应链管 理的全流程，通过建设绿色矿山、构建负责任的供应链体系，以"绿水青山就是金山银山"为指引，为每一块"绿色铝"注入了低碳基因，奠定了绿色铝产业 的坚实根基。 绿电驱动：从能源源头重塑产业"动力心脏"，奠定绿色铝纯洁血统 工业发展的血液是能源，其"颜色"决定了产业的碳足迹底色。对于电解铝这一高载能产业而言，源头的能源结构直接定义了铝产品的环境属性。云铝股份 充分依托云南省清洁水电的独特优势，构建了以水电为核心、光伏为补充的"双绿电"能源矩阵。 云铝股份创新构建"绿色生态、固碳储能"的可持续发展模式，坚持"谁开发、谁保护"原则，形成"由外及内、由易到难、由高到低"的科学复垦体系，创新 应用生态固土技术实现边坡裸露修复，充分利用矿区自然条件、地形地貌，建设花园、绿地、宣传栏、观景台等景观设施。在典型喀斯特地貌的西畴矿业 卖酒坪矿山，云铝文山创新土壤 ...