Group 1 - The core point of the news is that on September 25, 2025, Fuzhijie Environmental Protection conducted a block trade of 200,000 shares, amounting to 4.978 million yuan, which represented 1.98% of the total trading volume for that day [1] - The transaction price was 24.89 yuan, which is a discount of 1.5% compared to the market closing price of 25.27 yuan [1] Group 2 - The trading details include the stock name "Fuzhijie Environmental Protection," stock code "688335," transaction price of 24.89 yuan, and transaction amount of 4.978 million yuan [2] - The buying brokerage involved in the transaction was Guotai Junan Securities Co., Ltd., Shanghai Daogong [2]

Core Insights - The manufacturing industry is undergoing a profound genetic reconstruction amid a new wave of technological revolution and industrial transformation, highlighted by the 25th China International Industry Fair showcasing innovations from around 3,000 exhibitors across 28 countries and regions [1] Group 1: AI and Manufacturing Transformation - The AI-enabled insulin portable vacuum pump by Haizhi Online exemplifies how AI tools can assist small and medium enterprises in transformation, enhancing production capabilities significantly [3] - Haizhi Online's AI tools have helped over 280,000 clients in 107 countries produce millions of components, demonstrating AI's role in global industrial chain collaboration [3] - Sugon Network's industrial programming platform and other tools aim to make complex network operations more transparent and enhance performance in critical scenarios [3] Group 2: Green Manufacturing Initiatives - The fair highlighted green manufacturing, with Shanghai Fuzhi Technology showcasing projects on green fuel production, including green methanol and hydrogen [4] - Fuzhi Technology is leading a project to develop key technologies for converting biogas into green methanol, aiming for large-scale industrial application [4] Group 3: Digitalization Trends in Industry - The concept of "integration of computing, control, and security" is expected to provide a pathway for building a digital foundation for the manufacturing industry [5] - The establishment of the Shanghai Yangtze River Delta Advanced Manufacturing Development Research Institute aims to support the development of advanced manufacturing through research and technology transfer [5] - Future trends in industrial digitalization in China include the gradual improvement of independent technology systems, accelerated collaborative ecosystem building, and a focus on safety and performance [6]

Market Overview - On September 24, the environmental governance sector rose by 1.52% compared to the previous trading day, with Jia Rong Technology leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Top Gainers in Environmental Governance Sector - Jia Rong Technology (301148) closed at 30.06, with a significant increase of 20.00% and a trading volume of 74,000 shares, amounting to a transaction value of 208 million yuan [1] - Zhonglan Environmental Protection (300854) closed at 23.17, up 19.99%, with a trading volume of 124,300 shares and a transaction value of 270 million yuan [1] - Bei Jie Te (300774) closed at 11.06, increasing by 14.61%, with a trading volume of 488,200 shares and a transaction value of 541 million yuan [1] - Fu Jie Environmental Protection (688335) closed at 24.02, up 11.82%, with a trading volume of 101,000 shares and a transaction value of 232 million yuan [1] - Qi Di Environment (000826) closed at 2.49, increasing by 10.18%, with a trading volume of 811,200 shares and a transaction value of 202 million yuan [1] Top Losers in Environmental Governance Sector - Feima International (002210) closed at 4.01, down 6.53%, with a trading volume of 4,651,500 shares and a transaction value of 188.6 million yuan [2] - Shengyuan Environmental Protection (300867) closed at 18.45, down 3.35%, with a trading volume of 176,700 shares and a transaction value of 327 million yuan [2] - Fulongma (603686) closed at 27.10, down 3.11%, with a trading volume of 1,623,700 shares and a transaction value of 428.9 million yuan [2] Capital Flow Analysis - On the same day, the environmental governance sector experienced a net outflow of 296 million yuan from institutional investors, while retail investors saw a net inflow of 400 million yuan [2][3] - The capital flow for key stocks showed that Qi Di Environment had a net inflow of 127 million yuan from institutional investors, while it faced a net outflow of 63.09% from speculative funds [3] - Donghu Gaoxin (600133) had a net inflow of 112 million yuan from institutional investors, with a net outflow of 9.32% from speculative funds [3]

Core Viewpoint - The company, Fuzhijie Environmental Protection, announced its intention to sign a contract with the Shanghai Municipal Science and Technology Commission to lead a research project focused on the key technology and pilot verification of green methanol production from biogas [2] Group 1 - The project aims to develop and industrialize technology for converting biogas into green fuel [2] - The company will collaborate with multiple organizations to undertake this specialized research project [2]

Core Points - The company, Fuzhi Environmental Protection (688335.SH), plans to sign a "Strategic Frontier Special Project Task Contract" with the Shanghai Municipal Science and Technology Commission to lead a research project on the key technology and pilot verification for the conversion of biogas into green methanol [1][2] - The project aims to innovate technology, conduct pilot verification, and promote the industrial application of green fuels, particularly focusing on utilizing resources from urban sewage plants and landfills [1] - The total special funding expected from the task contract is up to 34.52 million yuan, with the company as the leading party [2] Funding and Implementation - The company, along with collaborating research units, will orderly conduct research and experiments under the special project, with funding disbursed in batches based on performance assessments by the Shanghai Municipal Science and Technology Commission [2] - There is uncertainty regarding the successful implementation and acceptance of the project, as well as the final amount of special funding the company and its partners will receive [2]

上海复洁科技股份有限公司 关于拟承担上海市科学技术委员会专项科研项目 的自愿提示性公告 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。 上海复洁科技股份有限公司（以下简称"公司"）拟与上海市科学技术委员会 （以下简称"上海市科委"）签订《战略前沿专项项目任务合同书》（以下简称"任 务合同书"），由公司作为牵头承担单位，联合多家单位共同开展沼气全碳定向转 化制绿色甲醇关键技术与中试验证的专项科研项目，就沼气制绿色燃料技术发展与 产业化进程进行研究。 一、拟承担的专项科研项目的基本情况 1、项目名称：沼气全碳定向转化制绿色甲醇关键技术与中试验证 2、技术领域：绿色燃料 证券代码：688335 证券简称：复洁环保 公告编号：2025-050 二、对公司的影响 公司拟通过本次专项科研项目开展技术创新、中试验证、成果转化与产业化应 用，推动城镇污水厂、垃圾厂利用污水、污泥、垃圾等资源，高效制备绿色甲醇等 氢基绿色燃料，如该任务合同书顺利签署，对公司推进绿色燃料的产业化有着积极 的作用，有利于公司战略发展目标的实现。 根据拟签署的任务 ...

Core Viewpoint - Company plans to sign a strategic project contract with the Shanghai Municipal Science and Technology Commission to lead a research project on the key technology and pilot verification of green methanol production from biogas [1][2] Group 1: Project Overview - The project aims to innovate technology, conduct pilot verification, and promote the industrial application of green fuels, specifically green methanol derived from resources like sewage, sludge, and waste [1] - The total special funding expected from the project is up to 34.52 million yuan [2] Group 2: Implementation and Funding - The company will collaborate with several research units to carry out the project, with the Shanghai Municipal Science and Technology Commission managing the funding based on project milestones [2] - There is uncertainty regarding the successful implementation and acceptance of the project, as well as the final amount of special funding the company and its partners will receive [2]

Group 1 - The company plans to sign a strategic project contract with the Shanghai Municipal Science and Technology Commission to lead a research project on the key technology and pilot verification of green methanol production from biogas [1] - The project aims to innovate technology, conduct pilot verification, and promote the industrial application of green fuels, particularly focusing on the efficient production of green methanol from urban sewage plants and waste [1] - Successful signing of the contract is expected to positively impact the company's efforts in advancing the industrialization of green fuels, aligning with its strategic development goals [1] Group 2 - The total special funding expected from the contract is up to 34.52 million yuan [2] - The company will lead the research and experiments in collaboration with other research units, with funding disbursed in phases based on performance assessments by the Shanghai Municipal Science and Technology Commission [2] - There is uncertainty regarding the successful implementation and acceptance of the project, as well as the final amount of special funding the company and its partners will receive [2]

Investment Rating - The report maintains a strong buy recommendation for companies such as Goldwind Technology, Longi Green Energy, and Sungrow Power Supply [2] Core Insights - The global shipping industry is undergoing a green transition driven by the IMO's emission reduction targets and the European carbon tax, with green methanol expected to be a major alternative fuel by 2030, potentially increasing current methanol demand by 40% [1][6] - Major shipyards are actively preparing for methanol vessels, with a concentrated delivery period expected in 2026 [1] - The price of green methanol is currently high, necessitating significant cost reductions in the future [1][6] Industry Overview - The shipping fuel market consumes approximately 300 million tons annually, contributing over 2% of global CO₂ emissions [10] - The International Maritime Organization (IMO) has set ambitious targets for emission reductions, aiming for a 20%-30% reduction by 2030 and net-zero emissions by 2050 [10][11] - The European Union's inclusion of shipping in its carbon trading system (ETS) starting in 2024 will further incentivize the transition to green fuels [11] Green Methanol as a Key Choice - Green methanol is positioned as a long-term solution for shipping fuel due to its advantages such as flexible storage, lower cost per energy unit, and environmental friendliness [6][19] - The global demand for methanol is projected to increase significantly, with estimates suggesting that if methanol's share in shipping fuel reaches 10% by 2030, it could add over 50 million tons to global methanol demand [43][50] Production and Cost Considerations - The production of green methanol is currently limited by high costs and stringent EU definitions, with biomass gasification and fermentation being the main production routes [1][23] - The current price of green methanol exceeds 7000 RMB per ton, making it economically unfeasible for shipowners without further cost reductions [1][23] Key Companies - The report highlights several companies to watch, including Goldwind Technology, Longi Green Energy, Sungrow Power Supply, and others involved in the green methanol production and supply chain [6][51]

Core Viewpoint - The company is committed to a strategic transformation towards the green energy chemical sector, showcasing significant achievements in technology innovation and investor relations management [1][2]. Group 1: Strategic Transformation - The company has transitioned from a traditional advanced environmental equipment manufacturer to a provider of energy-saving, low-carbon high-end equipment and comprehensive solutions [1]. - Future focus will be on three main industrial lines: resource utilization and energy generation from sewage and sludge, comprehensive services for carbon neutrality, and green clean energy [1]. Group 2: Technological Innovation - The company has strengthened its collaboration in research and development, resulting in the acquisition of three intellectual property rights during the reporting period, including two authorized national invention patents [1]. - A significant achievement includes obtaining a patent for a high-entropy metal intermetallic compound catalyst, which supports the efficient low-carbon preparation process of green methanol [1]. Group 3: Investor Relations - The company utilizes various channels such as regular reports, performance briefings, and offline research activities to enhance investor understanding of its core value and development strategy [2]. - This approach aims to build trust and support from investors, laying a solid foundation for the company's strategic transformation towards green energy [2]. Group 4: Financial Management - The company manages its cash assets primarily by investing in safe and liquid financial products, ensuring that these activities do not disrupt the normal operation of its main business [2]. - This strategy aims to improve the efficiency of fund utilization and increase investment returns [2].