Core Points - The company, Beijing Hai New Energy Technology Co., Ltd., has approved a financing application to the Bank of China for a credit limit of up to RMB 200 million [2][3] - The financing includes a working capital loan of up to RMB 100 million and trade finance of up to RMB 100 million, with a term not exceeding one year [2] - The credit will be guaranteed by the company's indirect controlling shareholder, Beijing Haidian State-owned Assets Investment Group Co., Ltd., with a guarantee fee not exceeding RMB 1 million [2][3] Summary by Sections Company Meeting - The board meeting was held on July 18, 2025, with all 9 directors present, including 3 independent directors [2] - The meeting was chaired by Chairman Yu Zhiwei and complied with the Company Law and Articles of Association [2] Financing Approval - The board approved the proposal for the company to apply for a financing business limit, which constitutes a related party transaction [3] - The proposal was passed with 5 votes in favor, 0 against, and 0 abstentions [3] Related Party Transaction - The guarantee fee for the financing will be paid to the controlling shareholder at a rate of 0.5% of the actual guarantee amount [2][3] - The related party transaction does not require shareholder meeting approval as it falls within the board's authority [3]

北京海新能源科技股份有限公司 根据《深圳证券交易所创业板股票上市规则》、《上市公司股东会规则》等 相关法律法规及《公司章程》的相关规定，上述支付担保费事项构成关联交易， 本次关联交易事项在董事会审批权限范围内，无需提交公司股东大会审议。 证券代码：300072 证券简称：海新能科 公告编号：2025-027 北京海新能源科技股份有限公司 第六届董事会第二十四次会议决议公告 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"）董事会于2025年07月 15日以传真和电子邮件方式向全体董事发出第六届董事会第二十四次会议通知， 会议于2025年07月18日上午10:00在北京市海淀区西四环北路63号馨雅大厦2层 公司会议室以现场表决的方式召开。此次会议应到董事9人，实到9人，其中独立 董事3人；公司部分监事及高级管理人员列席了本次会议；本次会议的召开符合 《中华人民共和国公司法》和《公司章程》的规定。 本次会议由董事长于志伟先生主持。经与会董事认真审议，以记名投票方式 通过如下议案： 一、审议通过《关于公司向银行申请融资业 ...

为促进北京海新能源科技股份有限公司（以下简称"海新能科"或"公司"） 业务发展，满足公司经营发展的资金需求，公司拟向中国进出口银行北京分行（以 下简称"进出口银行"）申请不超过人民币20,000万元授信业务额度，其中流动 资金贷款额度不超过人民币10,000万元，贸易金融业务额度不超过人民币10,000 万元，授信期限不超过1年，具体授信要素以银行最终审批为准。上述授信业务 额度使用由公司间接控股股东北京市海淀区国有资产投资集团有限公司（以下简 称"海国投集团"）提供全额连带责任保证担保，公司按照实际担保金额的0.5% 向担保方海国投集团支付担保费，支付担保费总额预计不超过100万元（最终业 务额度以银行实际批复为准）。 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：2025-028 北京海新能源科技股份有限公司 关于公司向银行申请融资业务额度暨关联交易的公告 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"）于2025年07月18日召开 了第六届董事会第二十四次会议，以5票同 ...

Group 1: Company Overview and Current Operations - Beijing Hai New Energy Technology Co., Ltd. is focused on the production of hydrocarbon-based biodiesel and biojet fuel, with a current operational project in Shandong producing 200,000 tons/year of biodiesel [2][3]. - The company has submitted an application for the export whitelist of biojet fuel (SAF) and has established connections with overseas customers [2][3]. Group 2: Market Trends and Pricing - SAF prices have been on a continuous upward trend, with the FOB ARA price reaching $2,111 per ton as of July 2, 2025 [3]. - The European Union has introduced subsidy plans to encourage airlines to meet SAF procurement targets, which is expected to synchronize the mandatory blending policies across EU countries and gradually release SAF demand [3]. Group 3: Future Development Plans - Over the next three years, the company aims to become a world-class green energy supplier and a leader in technological innovation within the bioenergy sector [4][6]. - The company plans to enhance its core bioenergy segment while also focusing on the catalytic purification sector to support new product development and improve competitiveness [4][6]. Group 4: Technological Innovation and R&D - The company is committed to increasing R&D investment in bioenergy and catalytic purification, aiming to maintain its technological leadership in the industry [6]. - Future R&D efforts will focus on improving production processes, enhancing production efficiency, and collaborating with external research institutions for joint development [6].

Investment Rating - The report maintains a "Cautious Recommendation" rating for the biodiesel industry, indicating a potential increase in stock prices relative to the benchmark index within the next 12 months [5][30]. Core Insights - The price center for HVO and SAF continues to rise, with domestic Ucome prices slightly narrowing. The international SAF landed price is reported at $2065.90 per ton, a slight decrease of 2.90% from the previous week, while the HVO offshore price is at 2146.65 yuan per ton, down 4.01% [1]. - Domestic waste oil and gutter oil prices have increased, with average prices for waste oil at 6940 yuan per ton (up 130 yuan) and gutter oil at 6500 yuan per ton (up 80 yuan) [2]. - The international crude oil market has shown volatility, impacting biodiesel prices. Despite cost-driven increases in Ucome, the price rise is insufficient to cover raw material costs, leading to reduced enthusiasm among producers [3]. - Recent export data for May indicates a subdued performance, with Ucome export volumes around 60,000 tons, and a notable trend of re-importing Ucome from Hong Kong [3]. - Germany has introduced a draft law to revise biofuel targets, aiming to curb fraud in the sector, which may lead to significant price increases for biofuels and compliance certificates [3]. Summary by Sections Price Trends - The report highlights the upward movement in HVO and SAF prices, with domestic Ucome prices influenced by raw material costs. The price dynamics in Europe show a slight decrease in FAME prices, while the demand in the HVO/SAF market remains supportive [1][3]. Export Performance - The report notes that the export performance of biodiesel products has been lackluster, with specific attention to the role of Hong Kong as a key transit point for Ucome [3]. Regulatory Developments - The introduction of new regulations in Germany is aimed at enhancing the integrity of the biofuel market, which could lead to increased prices and stricter compliance requirements [3]. Investment Recommendations - The report suggests focusing on companies with significant biodiesel or raw material production capacity, such as Zhuoyue New Energy, Jiaao Environmental Protection, and others, as they are expected to benefit from increased demand and improved raw material supply [4].

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The supply-demand relationship is expected to improve, with a recovery in the market for photoinitiators. China is the main producer of photoinitiators, and the industry is becoming increasingly concentrated among leading companies. The demand for photoinitiators is anticipated to rise due to the expansion of UV curing applications [5][29] - The price of sustainable aviation fuel (SAF) has been rising, indicating a potential phase of simultaneous volume and price increases. The recent increase in SAF prices is attributed to China's announcement of an export whitelist and quotas, leading to increased inquiries from European buyers [30][31] Summary by Sections 1. Core Viewpoints - The report highlights the expected improvement in the supply-demand dynamics for photoinitiators, with China being a key player in production and export [5][29] - The report suggests that the price of photoinitiators, which has been at historical lows, is likely to recover due to expanding applications in high-end sectors [5][29] - SAF prices have increased significantly, with European prices reaching 2230 USD/ton, reflecting a 9.85% weekly increase and a 25.14% monthly increase [30][31] 2. Overall Performance of the Chemical Sector - The basic chemical industry index increased by 3.1% during the week, outperforming the Shanghai Composite Index by 1.2% [16] - Year-to-date, the basic chemical industry index has risen by 6.4%, outperforming both the Shanghai Composite Index and the ChiNext Index [16] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 372 stocks rose, with the top performers including Dadongnan (+50%) and Taihe Technology (+48.1%) [25][27] - The report notes significant declines in stocks such as Ningxin New Materials (-18.6%) and Jinniu Chemical (-14.4%) [25][27] 4. Key News and Company Announcements - The report emphasizes the recovery potential for photoinitiators and the rising SAF prices as significant developments in the industry [29][30]

Group 1 - The stock of Haineng Technology (300072) closed at 3.71 yuan on June 23, 2025, with a daily increase of 20.06%, reaching a new high for the stage, and a trading volume of 6.02 billion yuan, with a turnover rate of 7.23% [1] - A large block trade occurred on the same day, with a transaction volume of 403,700 shares at a price of 3.09 yuan, representing a discount of 16.71% compared to the closing price, totaling 1.2474 million yuan [1] - Institutional investors net bought 8.6666 million yuan worth of Haineng Technology shares, ranking fourth in buying positions, while the Shenzhen Stock Connect saw a net purchase of 10.3053 million yuan, becoming the largest buying force [1] Group 2 - Market analysis suggests that the stock price fluctuation may be related to the company's recent industrial breakthroughs, including the launch of a 200,000 tons/year biodiesel isomerization project SAF (Sustainable Aviation Fuel) on June 20, marking it as the first local state-owned enterprise to obtain airworthiness certification from the Civil Aviation Administration [2] - The SAF market is experiencing a widening supply gap due to long capacity construction cycles and rapidly growing demand, with recent price increases for HVO/SAF [2] - The current dynamic price-to-earnings ratio of Haineng Technology is -43.67 times, with a total market value of 8.717 billion yuan and a price-to-book ratio of 1.47 times, indicating market divergence regarding its profit turnaround expectations and asset quality [2]

Market Overview - The Shanghai Composite Index is at 3377.32 points, above the six-month moving average, with a gain of 0.52% [1] - The total trading volume of A-shares today is 887.15 billion yuan [1] Stocks Performance - A total of 335 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Haixin Energy Technology (15.52%) - Tengyuan Cobalt Industry (14.25%) - Aerospace Development (9.29%) [1] Detailed Stock Data - The following stocks have shown notable performance: - Haixin Energy Technology: Today's gain of 20.06%, turnover rate of 7.04%, latest price at 3.71 yuan [1] - Tengyuan Cobalt Industry: Today's gain of 14.50%, turnover rate of 15.34%, latest price at 54.57 yuan [1] - Aerospace Development: Today's gain of 9.94%, turnover rate of 6.84%, latest price at 7.96 yuan [1] - Other stocks with lower deviation rates include: - Jihigh Development - Guosheng Technology - Jiangfeng Electronics, which have just crossed the six-month moving average [1]

Core Points - The Shanghai Composite Index closed at 3365.07 points, below the five-day moving average, with a change of 0.15% [1] - The total trading volume of A-shares reached 683.87 billion yuan [1] - A total of 820 A-shares have prices that surpassed the five-day moving average [1] Individual Stock Performance - SanDe Technology (300515) had a price increase of 19.98% with a deviation rate of 13.78% from the five-day moving average [2] - HaiXin Energy Technology (300072) saw a price increase of 20.06% with a deviation rate of 12.77% [2] - QiLin Information Security (688152) experienced a price increase of 13.18% with a deviation rate of 9.66% [2] - Other notable stocks include TengYuan Cobalt (301219) with a 14.39% increase and a 9.34% deviation rate, and Jiangsu BoYun (301003) with a 14.60% increase and a 9.11% deviation rate [2]

Core Viewpoint - The sustainable aviation fuel (SAF) project by Haineng Energy Technology is positioned as a key driver for the green transformation of the aviation industry in China, leveraging technological innovation and industry collaboration to contribute to national decarbonization efforts [3][4]. Group 1: Project Overview - Haineng Energy Technology held a product launch for its 200,000 tons/year biodiesel isomerization project for sustainable aviation fuel in Beijing, attended by various industry leaders and partners [1][3]. - The project aims to convert waste oils into valuable SAF, marking a significant step towards the large-scale development and application of SAF in China [3][4]. - The project is expected to complete its mid-term delivery by the end of April 2025, with trial production commencing shortly thereafter, successfully producing qualified bio-jet fuel [3][4]. Group 2: Strategic Importance - The SAF initiative aligns with national policies, including the "14th Five-Year Plan" for green development in civil aviation, which targets a consumption of 50,000 tons of sustainable aviation fuel during this period [4]. - Haineng Energy Technology is supported by local government entities, emphasizing its commitment to green low-carbon development and the implementation of dual carbon strategies [4]. Group 3: Market Dynamics - The recent increase in HVO/SAF prices is attributed to a slowdown in SAF production growth, leading to potential supply risks [5]. - Current market analysis indicates that less than 30% of SAF projects have reached final investment decisions, highlighting a growing supply gap as production facilities typically require 3-5 years to achieve scale [5]. - The demand for HVO/SAF is expected to rise in Europe, Southeast Asia, and China, suggesting a long-term upward trend in the biodiesel industry [5].