证券代码：688196 证券简称：卓越新能 公告编号：2025-039 龙岩卓越新能源股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 10 月 27 日 14 点 0 分 召开地点：福建省龙岩市新罗区东宝路 830 号龙岩卓越新能源股份有限公 司东宝生物能源分公司会议室 （五） 网络投票的系统、起止日期和投票时间。 上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 10 月 27 日 至2025 年 10 月 27 日 1 2 1、 说明各议案已披露的时间和披露媒体 上述议案已经公司第五届董事会第十二次会议和第五届监事会第十次会议 审议通过，详见公司于 2025 年 10 ...

证券代码：688196 证券简称：卓越新能 公告编号：2025-037 龙岩卓越新能源股份有限公司 第五届监事会第十次会议决议公告 经审议，监事会认为，公司根据《中华人民共和国公司法》《上市公司章 程指引》等法律法规和规范性文件的相关规定，结合公司实际情况，公司拟不 再设置监事会，由董事会审计委员会承担监事会职责，《公司监事会议事规则》 相应废止，公司各项治理制度中涉及监事会及监事的规定不再适用，并同步修 订《公司章程》有关内容，符合相关法律、法规、规范性文件的规定，审议程 序合法合规。 1 龙岩卓越新能源股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日 在公司东宝生物能源分厂会议室以现场方式举行第五届监事会第十次会议（下 称"本次会议"）。本次会议通知已于 10 月 7 日通过专人送达方式发送给全体 监事。本次会议由监事会主席林春根先生主持，会议应到监事 3 名，实到监事 3 名，本次会议的召集、召开符合《公司法》等法律、法规、规范性文件和 《龙岩卓越新能源股份有限公司章程》的有关规定。 二、监事会会议审议情况 监事会成员经认真审议，以投票表决的方式通过如下决议： （一）审议通过《关于续 ...

龙岩卓越新能源股份有限公司 内幕信息知情人登记管理制度 第一章 总则 第一条 为完善龙岩卓越新能源股份有限公司（以下简称"公司"）内幕信 息管理制度，做好内幕信息保密工作，维护公司信息披露的公开、公平、公正原 则，保护广大投资者的合法权益，根据《中华人民共和国公司法》、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司信息披露管理办法》、 《上市公司监管指引第 5 号-上市公司内幕信息知情人登记管理制度》和《上海 证券交易所科创板股票上市规则》等法律、法规、规范性文件以及《龙岩卓越新 能源股份有限公司章程》（以下简称"公司章程"）等相关制度规定，结合公司 实际情况，制定本制度。 第二条 本制度的适用范围包括公司、分公司、控股子公司及公司能够对其 实施重大影响的参股公司。 第二章 内幕信息及内幕信息知情人的范围 第三条 本制度所称内幕信息，是指根据《证券法》第五十二条规定，证券 交易活动中，涉及公司的经营、财务或者对公司证券的市场价格有重大影响的尚 未公开的信息。 第四条 内幕信息的范围包括但不限于： （一）公司的经营方针和经营范围的重大变化； （二）公司的重大投资行为，公司在一年内购买、出售重大 ...

Core Insights - The introduction of the "Stabilizing Growth Work Plan for the Petrochemical Industry (2025-2026)" aims to guide this pillar industry of the national economy to maintain reasonable growth while achieving high-quality development, focusing on "stabilizing growth, adjusting structure, and promoting innovation" [1][17][18] - The plan sets a target for an average annual growth of over 5% in industry value added from 2025 to 2026, while also pursuing improvements in economic efficiency and innovation capabilities [1][17] Industry Analysis Petrochemical Industry - The plan is expected to promote the elimination of outdated production capacity and lead to healthier industry development, optimizing the supply side of the chemical industry [2][18] - The plan emphasizes the need to strengthen the planning and layout of major petrochemical and modern coal chemical projects, strictly control new refining capacity, and reasonably determine the scale and pace of new ethylene and paraxylene capacity [2][18] Fertilizer Industry - The plan aims to strengthen raw material supply security and stabilize production foundations for the fertilizer industry, requiring long-term agreements with suppliers of coal, phosphate rock, and natural gas [19] - The plan also encourages the optimization of product structure and the development of new fertilizers [19] Chemical Products Pricing - As of September 28, 2025, the China Chemical Product Price Index (CCPI) was reported at 3969 points, down 8.4% from January 2, 2025 [20] - The manufacturing PMI slightly rose to 49.4%, indicating limited improvement in the economic environment, with the production index at 50.8% [20] Investment Recommendations Potash Fertilizer - The global potash fertilizer industry is characterized by oligopoly, with a tight supply-demand balance, and prices are expected to remain high [21] - The company "Yaqi International" is highlighted for its significant potash resources and ongoing capacity expansion, with a projected production capacity of 5 million tons by 2025 [21] Pesticides - The pesticide industry is expected to see a recovery in prices due to increased demand from South America and limited export growth from India and the US [22] - "Lier Chemical" is recommended as a leading company in the chlorinated pyridine herbicide and glyphosate sectors [22] Fluorochemicals - The fluorochemical sector is anticipated to benefit from the implementation of quota systems for refrigerants starting in 2024, with a focus on the long-term price increase of refrigerants [23] - Companies such as "Juhua Co., Ltd." and "Dongyue Group" are recommended for their strong market positions in refrigerants and fluorinated liquids [23] Sustainable Aviation Fuel (SAF) - The European Union's mandatory addition of 2% SAF in 2025 is expected to drive up prices for bio-jet fuel products, with "Zhuoyue New Energy" recommended for its competitive advantages in production capacity [24][9]

Group 1 - The core point of the article is that Zhuoyue New Energy (688196) has had its application for a private placement of shares approved and registered as effective [2] - The company plans to raise funds amounting to 300 million yuan through a simplified procedure aimed at specific investors [2] - The raised funds will be utilized for a project to produce 100,000 tons of hydrocarbon biodiesel annually [2] Group 2 - The underwriting institution for this issuance is Huafu Securities Co., Ltd [2]

Core Viewpoint - The company,卓越新能, has received approval from the China Securities Regulatory Commission for its stock issuance to specific investors, indicating a significant step in its capital-raising efforts [1] Group 1 - The company announced that on September 29, 2025, it received the approval document from the China Securities Regulatory Commission regarding its stock issuance [1] - The approval is specifically for the registration of stock issuance to certain targeted investors, which may enhance the company's financial position and growth potential [1]

Core Viewpoint - The company,卓越新能, has received approval from the China Securities Regulatory Commission for its stock issuance to specific investors, indicating a significant step in its capital-raising efforts [1] Group 1 - The company announced that on September 29, 2025, it received the approval document from the China Securities Regulatory Commission regarding its stock issuance [1] - The approval is specifically for the registration of stock issuance to certain targeted investors, which may enhance the company's financial position and growth potential [1]

证券代码：688196 证券简称：卓越新能 公告编号：2025-036 龙岩卓越新能源股份有限公司 关于以简易程序向特定对象发行股票申请 获得中国证监会注册批复的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 公司董事会将根据上述批复文件、相关法律法规的要求及公司股东大会的 授权，在规定期限内办理本次向特定对象发行股票相关事宜。公司将根据该事 项的进展情况及时履行信息披露义务，敬请广大投资者注意投资风险。 公司（发行人）、保荐人（主承销商）的联系方式如下： 1、发行人：龙岩卓越新能源股份有限公司 联系部门：公司证券投资部 龙岩卓越新能源股份有限公司（以下简称"公司"或"卓越新能"）于 2025 年 9 月 29 日收到中国证券监督管理委员会出具的《关于龙岩卓越新能源 股份有限公司向特定对象发行股票注册的批复》（证监许可[2025]2159 号）， 主要内容如下： "一、同意你公司向特定对象发行股票的注册申请。 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方 案实施。 三、你公司应当在本批复作出十个工 ...

Investment Rating - Investment rating: Positive (maintained) [1] Core Insights - The SAF (Sustainable Aviation Fuel) industry is experiencing a price increase due to reduced overseas supply and strong global demand, with EU and China SAF FOB prices rising by 46% and 33% respectively since the beginning of 2025 [5] - The domestic SAF market is expected to grow rapidly, driven by favorable demand and limited overseas supply, with the potential for Chinese SAF products to gain market share due to their low-carbon attributes [6] Summary by Sections SAF Price Trends - As of September 24, 2025, EU and China SAF FOB prices are $2,705 and $2,400 per ton respectively, marking increases of 46% and 33% since the start of 2025 [5] - The price of waste cooking oil (UCO) is 7,400 RMB per ton, reflecting a 15% increase since the beginning of 2025 [5] Supply and Demand Dynamics - Recent supply constraints include Shell's decision to halt the construction of a large biofuel plant and NESTE's scheduled maintenance for its facilities, which will reduce SAF supply [5] - Demand is bolstered by EU's financial support for SAF procurement and Singapore's plans to implement SAF tax incentives [5] Competitive Landscape - The EU's imposition of anti-dumping duties on US SAF products enhances the competitiveness of Chinese SAF products, as China has not yet established clear subsidy policies for its SAF industry [6] - The potential for more Chinese SAF companies to enter the export whitelist is anticipated, further strengthening the market position of domestic SAF products [6] Beneficiary Companies - Beneficiary companies identified include Jiaao Environmental Protection, Shanggou Environmental Energy, Zhuoyue New Energy, Haineng Science and Technology, and Pengyao Environmental Protection [7]

Core Viewpoint -卓越新能 has shown a significant stock price increase of 49.50% year-to-date, indicating strong market performance despite recent fluctuations in the short term [1][2]. Company Overview -卓越新能, established on November 1, 2001, and listed on November 21, 2019, is located in Longyan City, Fujian Province. The company specializes in producing biodiesel and its deep-processed products using waste oil as raw material [1]. - The main revenue composition includes biodiesel (81.33%), mixed fatty acids (8.86%), natural fatty alcohols (6.27%), eco-friendly alkyd resins (1.53%), industrial glycerol (1.37%), bioester plasticizers (0.32%), and other supplementary products (0.31%) [1]. Financial Performance - For the first half of 2025,卓越新能 reported a revenue of 1.312 billion yuan, a year-on-year decrease of 32.12%, while the net profit attributable to shareholders increased by 16.01% to 117 million yuan [2]. - Since its A-share listing, the company has distributed a total of 601 million yuan in dividends, with 278 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for卓越新能 was 4,740, a decrease of 8.07% from the previous period, while the average circulating shares per person increased by 8.78% to 25,316 shares [2]. - Notable institutional holdings include: - 盈新兴产业混合A (001128) as the third-largest shareholder with 1.2642 million shares, an increase of 673,200 shares from the previous period - 富国周期精选三年持有期混合A (017630) as the sixth-largest shareholder, newly holding 636,200 shares - 宝盈发展新动能股票A (010128) as the seventh-largest shareholder, also a new entry with 411,700 shares - 富国天合稳健优选混合 (100026) as the ninth-largest shareholder, newly holding 310,200 shares [3].