Core Viewpoint - Company Shandong Sanju Bioenergy Co., Ltd., a subsidiary of Haineng Energy Technology Co., Ltd. (holding 84.62% stake), has received approval from four government agencies to conduct a pilot program for the export of bio-jet fuel in Rizhao City, Shandong Province [1] Group 1 - Shandong Sanju is authorized to produce up to 158,000 tons of bio-jet fuel annually under maximum production conditions [1] - The company is allowed to apply for the 2025 bio-jet fuel export license based on its actual production within the approved capacity [1]

Core Viewpoint - Haineng Technology (300072.SZ) announced that its subsidiary, Shandong Sanju Bioenergy Co., Ltd., has received approval from four Chinese government agencies to conduct a pilot program for the export of bio-jet fuel under a "white list" in Rizhao City, Shandong Province [1] Group 1 - Shandong Sanju holds an 84.62% stake in the subsidiary [1] - The company is authorized to produce up to 158,000 tons of bio-jet fuel annually under maximum production conditions [1] - The approval allows Shandong Sanju to apply for export licenses for bio-jet fuel based on its actual production in 2025 within the approved capacity [1]

北京海新能源科技股份有限公司 证券代码：300072 证券简称：海新能科 公告编号：2025-044 北京海新能源科技股份有限公司 特此公告。 北京海新能源科技股份有限公司 董事会 2025年10月14日 1 获批生物航油出口先行先试的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 北京海新能源科技股份有限公司（以下简称"公司"）控股子公司山东三聚 生物能源有限公司（公司持有其84.62%的股权，以下简称"山东三聚"）于近日取 得中华人民共和国商务部、中华人民共和国海关总署、国家能源局、国家外汇管 理局四部委关于同意山东省日照市开展生物航油"白名单"出口先行先试的批复 （商贸函〔2025〕619号），主要相关内容如下： 经核定，山东三聚在最大生产生物航油工况下，可年产生物航油15.8万吨， 允许山东三聚依据2025年实际生物航油产量在其核定产能范围内申领2025年生 物航油（27101911）出口许可证。 公司获得生物航油出口许可证后，有利于进一步提升公司产品的国际竞争力， 拓展海外市场，对公司业务发展形成积极影响。公司目前尚无法预测上述产品对 公司未来 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - In August, the electricity consumption growth rate in the secondary industry increased, contributing the largest increment to total electricity consumption, accounting for 59% of the total increase [3][7] - The total electricity consumption in August reached 10,154 billion kWh, a year-on-year increase of 5.0% [3][6] - The manufacturing sector saw a record monthly growth rate for the year, with high-tech and equipment manufacturing electricity consumption growing by 9.1%, surpassing the average manufacturing growth rate by approximately 4.6 percentage points [3][7] Summary by Sections 1. Electricity: August Secondary Industry Consumption Growth - The total electricity consumption in August was 10,154 billion kWh, with a year-on-year growth of 5.0% [3][6] - The first industry consumed 164 billion kWh (9.7% growth), the second industry consumed 5,981 billion kWh (5.0% growth), the third industry consumed 2,046 billion kWh (7.2% growth), and residential consumption was 1,963 billion kWh (2.4% growth) [3][8] - The secondary industry contributed the most to the total electricity consumption increase, with a significant growth in manufacturing, particularly in high-tech and equipment manufacturing [6][7] 2. Gas: Supply and Demand Stability - Global gas prices have shown narrow fluctuations, with the Henry Hub spot price at $2.90/mmBtu, a weekly increase of 0.17% [16][19] - The LNG national ex-factory price was 4,016 yuan/ton, with a slight weekly decrease of 0.07% [16][36] - The report suggests a positive outlook for city gas companies due to cost reductions and improved profitability [38] 3. Weekly Market Review - The public utility and environmental protection sectors underperformed compared to the CSI 300 index, while the electric equipment sector outperformed [40][42] 4. Company and Industry Dynamics - The report highlights recent government initiatives aimed at promoting high-quality development in energy equipment, focusing on enhancing the efficiency of energy conversion equipment and advancing renewable energy technologies [49] - Key announcements from companies include significant contract wins and strategic investments aimed at enhancing operational capabilities and market positioning [50]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending specific companies for investment based on their performance and market conditions [3][16][18]. Core Insights - The report highlights that in August, the total electricity consumption reached 10,154 billion kWh, marking a year-on-year growth of 5.0%. The second industry contributed the largest increase, accounting for 59% of the total electricity increment [3][8][9]. - The report notes that global gas prices are experiencing slight fluctuations, with the Henry Hub spot price at $2.90/mmBtu and the TTF spot price at €32.15/MWh as of September 26 [18][19]. - The report emphasizes the stable growth in electricity consumption driven by high temperatures and government policies aimed at boosting consumption [8][9]. Summary by Sections 1. Electricity Sector - In August, the second industry saw a significant increase in electricity consumption, with a year-on-year growth of 5.0% and contributing 59% to the total electricity increment [3][9]. - The manufacturing sector achieved a record monthly growth rate, particularly in high-tech and equipment manufacturing, which grew by 9.1% year-on-year [9][10]. - The report recommends investments in hydropower, green energy, nuclear power, and thermal power companies, citing favorable conditions for growth and profitability [16][17]. 2. Gas Sector - The report indicates that the supply-demand dynamics for gas remain stable, with slight fluctuations in global gas prices. The LNG price in Northeast Asia decreased by 2.61% to $11.20/mmBtu [18][19]. - It highlights the steady increase in U.S. natural gas inventories and the impact of mild weather on heating and cooling demands, leading to low price volatility [21][27]. - The report suggests focusing on integrated gas companies and city gas firms that are expected to benefit from cost reductions and improved profitability [41][42]. 3. Market Performance Review - The report notes that the public utility and environmental sectors underperformed compared to the Shanghai and Shenzhen 300 indices, while the power equipment sector outperformed [43][44]. 4. Company and Industry Dynamics - Recent government initiatives aim to enhance the quality of energy equipment and promote the development of renewable energy sources [52]. - The report includes updates on major companies' announcements, including contract wins and strategic investments, which are expected to positively impact their future performance [52][53]. 5. Key Company Valuation Table - The report provides a valuation table for key companies in the public utility and environmental sectors, indicating their market positions and potential for growth [54].

Group 1 - The company has an existing SAF production capacity of 50,000 tons [1] - The subsidiary Shandong Sanju has launched a 200,000-ton bio-jet fuel (SAF) isomerization project, adding approximately 160,000 tons/year of bio-jet fuel capacity, with a bio-jet fuel yield of about 80% [1] - The company has already supplied bio-jet fuel to domestic customers, including China National Aviation Fuel Group, and has reserved foreign bio-jet fuel orders, indicating a full production schedule [1] Group 2 - The company plans to utilize its existing biodiesel sales system for international sales and will quickly organize exports once the export whitelist is approved [1] - Currently, the main customers for the company's bio-jet fuel are primarily from overseas markets [1]

Core Viewpoint - The company, Haineng Technology (300072), possesses unique technologies in reactor design, catalysts, and raw material pretreatment, enabling it to produce various products such as hydrocarbon-based biodiesel and bio-jet fuel [1] Group 1: Technology and Innovation - The company has developed a comprehensive technological innovation system, focusing on optimizing energy structure and developing a circular economy [1] - Multiple core technologies have passed scientific achievement identification and have received awards such as the Scientific and Technological Progress Award and the Petrochemical Federation Patent Award, indicating a competitive advantage [1] Group 2: Production Capabilities - The company utilizes various processes, including suspended bed, fixed bed, and expanded bed technologies, to achieve graded utilization of different waste oil feedstocks, positioning its processing capabilities among the top in the domestic market [1]

Core Viewpoint - The company focuses on bioenergy and catalytic purification environmental materials, with a core development direction in bioenergy, primarily producing biodiesel and sustainable aviation fuel (SAF) [1] Company Overview - The main products of the company include biodiesel and biojet fuel, with a significant emphasis on the production of high-quality hydrocarbon-based biodiesel [1] - The hydrocarbon-based biodiesel can reduce carbon dioxide net emissions by 80% compared to fossil-based diesel, highlighting its low-carbon, clean, and environmentally friendly advantages [1] Production Capacity - The company has launched a 200,000-ton SAF isomerization project through its subsidiary, Shandong Sanju, adding approximately 160,000 tons/year of biojet fuel production capacity, with a biojet fuel yield of about 80% [1] - The biojet fuel products have received airworthiness certification from the Civil Aviation Administration of China and international certifications under ISCCCORSIA and ISCC-EU for HEFA [1] Business Focus - The company does not currently engage in liquid cooling, data center, or optical module business areas [1]

Group 1 - The company, Haineng Technology (300072), responded to investor inquiries on September 26 regarding the sales performance of its various products [1]

Group 1 - The company, Haixin Energy Technology (300072), responded to investor inquiries on September 26, indicating that the operational performance of its subsidiary for the first half of the year will be disclosed in the 2025 semi-annual report, which will be published on August 29, 2025, on the designated information disclosure website of the China Securities Regulatory Commission for the Growth Enterprise Market [1]