ab 15 September 2025 Global Research China Sustainability Pulse: China targets 180GW storage by 2027 Key Highlights What Happened On 12 September 2025, the NDRC and NEA jointly released the BESS Development Special Action Plan (2025–2027). The plan sets a target of 180 GW BESS capacity by 2027, backed by RMB250bn investment. According to the policy, technology deployment will continue to be dominated by lithium-ion batteries, while other chemistries and formats (sodium-ion, vanadium redox flow, compressed a ...

ab Global Research 15 September 2025 China Internet Sector Quick commerce monthly: Signs of stabilization Our monthly tracker on China's quick commerce sector (including food delivery and InstaShopping) leverages the app traffic statistics from QuestMobile and attempts to identify sector growth trends, competitive dynamics, and the activities of riders and merchants (activeness and overlap). Please see the full report for details. Sector volume: YoY gowth momentum steady into Sep We present the below key tr ...

September 15, 2025 04:01 AM GMT China Property | Asia Pacific Wider Sales Decline in August; 4Q Outlook Remains Weak Home sales posted a deeper y-y decline in August amid softened construction. We stay cautious on the physical market and expect the weak sales trend to continue in 4Q, given worsened resident sentiment, higher inventory, and muted policy. August property sales dropped deeper: Rebased national sales were -14.0% y-y in value and -10.6% y-y in volume, widening the 8M25 decline to -7.3% in value ...

15 September 2025 | 8:57PM HKT China Industrial Indicators Manufacturing FAI decelerated further in Aug; coverage companies' orders broadly steady with selective strength Key readings of the month Jacqueline Du +852-2978-1783 | jacqueline.du@gs.com Goldman Sachs (Asia) L.L.C. Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investor ...

财务与补贴情况 - 2025年7月财政部下达可再生能源电价附加补助资金461.83亿元，其中生物质能发电39.42亿元 [2] - 公司已陆续收到多笔国补收入，可冲回前期计提坏账准备，对2025年三季度利润有积极贡献 [2] 供汽供热业务 - 供汽售价普遍在每吨200元以上，相比发电供电经济效益更好 [3] - 2025年新签署梁山圣元供汽业务采用梯度价格，起底价格为205元/吨 [3] - 2025年上半年度7个垃圾发电厂对外供蒸汽5.62万吨，对外供热50.86万吉焦 [3] - 正在开发漳州圣元、曹县圣元、安徽圣元等供汽项目 [3] 垃圾发电盈利潜力 - 通过发电技改升级、供汽供热拓展、应收账款回收改善、炉渣开发、国补收入确认、绿电交易和CCER等多方面因素，垃圾焚烧发电项目未来盈利仍有较大提升空间 [4] 牛磺酸项目 - 年产40000吨牛磺酸原料项目于2024年6月开工建设，目前进行主体工程施工，达产后产能规模将居国内前三 [4] - 项目按照中国GMP、美国cGMP要求进行注册认证 [4] - 主要原料环氧乙烷和液硫来自所在园区，与联合石化签署合作协议保障充足稳定供应 [4] 牛磺酸衍生品业务 - 已开发生产多款"牛磺酸+"产品，涵盖普通食品、特膳食品及保健食品 [5] - 线上通过媒体电商+社交媒体矩阵+传统媒体营销，线下推出品牌MIS系统及招商手册 [5] - 已签约北京、上海、四川、重庆、福建、浙江、山东、江苏等省市代理，年内各地品牌体验店将陆续开业 [5] 酒店项目建设 - 厦门瑞吉酒店项目已完成主体结构封顶，正在进行样板房施工、机电安装、幕墙施工及室内装修 [6] - 计划2026年底完成竣工验收并进入试营业 [6] - 项目位于厦门湖里区两岸金融中心核心区，将引入万豪国际集团专业管理公司进行品牌经营管理 [6]

September 18, 2025 Shown: Svanehøj NCM, a new compact and versatile marine engine room pump. 1 Safe Harbor and Non-GAAP Disclosures D.A. Davidson Diversified Industrials & Services Conference Safe Harbor This presentation contains "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make an ...

Thursday, September 18, 2025 FactSet Earnings Call Fourth Quarter and Fiscal 2025 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. Copyright © 2025 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make in connection with this presentation, contains forward-looking statements based on management's current expectations, assumptio ...

业绩总结 - DuPont预计2025年净销售额约为69亿美元，运营EBITDA约为16亿美元，运营EBITDA利润率约为23.6%[30] - 2025年预计的年复合增长率（CAGR）为11.4%，EBITDA利润率为16.7%[34] - 预计2025年自由现金流转化率超过90%[35] - 2025年目标为每股收益增长8%至10%[66] - 预计2025年整体有约2%的有机年复合增长率，建筑技术部门预计增长与GDP持平[143][196] 用户数据 - 医疗、供水和多元工业领域的可寻址市场分别为130亿美元、70亿美元和210亿美元[44] - 超过90%的美国前25大医疗设备公司依赖DuPont技术提供其最先进的产品[42] 新产品和新技术研发 - DuPont在全球拥有19个研发和创新中心，研发投资占净销售额的约2.5%[45] - DuPont的创新组合中约80%具有可持续优势，推动高价值解决方案的开发[45] 市场扩张和并购 - DuPont计划于2025年11月1日完成其电子业务的分拆，创建新的独立上市公司Qnity Electronics, Inc.[7] - DuPont与Arclin达成协议，以12亿美元现金出售其aramids业务，预计在2026年第一季度完成交易[8] 未来展望 - 预计2025年医疗技术净销售额为17亿美元，涵盖22个制造基地和9个技术中心[83] - 预计2025年水技术净销售额为15亿美元，拥有11个制造基地和12个技术中心[106] - 预计2025年至2028年期间，医疗技术的有机年均增长率为5%[92] - 预计2025年至2028年期间，水技术的有机年均增长率为5%[116] - 预计2025年在电动汽车领域的销售将占总销售的40%[155] 负面信息 - 预计2025年资本支出目标为净销售额的3%[59] - 2025年股息支付比率目标为35%至45%[59]

CFO Commentary September 18, 2025 Arthur J. Gallagher & Co. Forward-Looking Statements and Non-GAAP Measures Information Concerning Forward-Looking Statements This CFO Commentary contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this CFO Commentary, the words "anticipates," "believes," "contemplates," "see," "should," "could," "will," "estimates," "expects," "intends," "plans" and variations thereof and similar expressions, are int ...

Super Group (NYSE:SGHC) 2025 Investor Day September 18, 2025 08:00 AM ET Company ParticipantsCraig Hovey - Managing DirectorNone - Video NarratorNeal Menashe - CEOEric Grubman - ChairmanClark Lampen - Managing DirectorKevin Kovarsky - COOSpencer McNally - Co-founder and Chief Analytics and Modelling OfficerPeter Kenyon - Board AdvisorWilliam Zolezzi - Managing MemberAlinda Van Wyk - CFOJed Kelly - Managing Director of Equity ResearchNkem Ojougboh - Head of Investor RelationsLaurence Michel - CEOConference C ...