维尔利公告称，公司第六届董事会第六次会议审议通过多项议案。公司及部分控股子公司拟向中国银 行、工商银行、邮储银行、农业银行、浙商银行申请合计10.88亿元综合授信，授信期限均为一年。同 时，公司拟为全资子公司常州维尔利餐厨废弃物处理有限公司等4家子公司提供担保，担保额度最高为 3800万元，担保期限不等。会议授权董事长办理授信申请及担保相关事宜。 ...

Core Viewpoint - The company, Weili (300190), is transitioning from a traditional urban waste management operator to a green energy supplier, focusing on biogas and biofuel oil, with a strategic upgrade to enhance its business model and explore new growth opportunities [1][4]. Group 1: Biogas Projects - Weili's biogas projects utilize organic waste from agriculture, livestock, and food industries to produce renewable natural gas through anaerobic digestion and purification [2]. - The company has established a cooperative model where raw gas is provided by owners, and Weili manages the investment, construction, and operation of the biogas resource utilization system, ensuring stable income for raw gas suppliers [2]. - Each biogas project is expected to yield stable returns over a period of more than 10 years, with a guaranteed internal rate of return due to long-term agreements on gas pricing [2][5]. Group 2: Biofuel Oil Initiatives - Weili is also expanding into the biofuel oil sector, leveraging over a decade of experience in food waste management to create a dedicated team for biofuel oil and establish a waste oil collection system [3]. - The company aims to develop a sustainable aviation fuel (SAF) supply chain by collaborating with suppliers and international customers in the SAF production sector [3]. Group 3: Business Model Transformation - The transition to bioenergy is seen as a natural extension of Weili's existing organic waste processing business, driven by favorable policies promoting renewable energy [4]. - The company has accumulated significant resources, with 2 million cubic meters per day of biogas waiting to be developed, providing a solid foundation for its transition [5]. - Weili plans to shift its customer focus from municipal projects to industrial clients, aiming to validate its technological advantages in more market-driven sectors [5]. Group 4: Growth Strategy - The company is building a specialized energy business platform and has initiated several biogas development projects across various regions, targeting a production capacity of 1 million cubic meters per day within two years [6]. - Weili is also establishing waste oil processing plants in strategic locations to create an integrated supply chain for biofuel oil, enhancing its market position [6].

Core Viewpoint - The company is transitioning from a traditional waste management operator to a green energy supplier, focusing on biogas and biofuel oil, with significant growth potential in the renewable energy sector. Group 1: Transition to Bioenergy - The company has successfully launched the Linjiang demonstration project and achieved rapid gas production at the Zhejiang Shanying project, with a target biogas production capacity of 1 million cubic meters per day within two years [1] - Biogas is produced from various organic waste materials through anaerobic fermentation and purification, with the company responsible for the investment, construction, and operation of biogas resource utilization systems [1] - The company aims to leverage its existing expertise in organic waste management to establish a stable revenue model through long-term agreements for gas sales and raw material purchases [2] Group 2: Business Model Restructuring - The company has over 20 years of experience in the environmental sector, focusing on organic waste resource utilization, and is now seeking to reshape its business model to find a second growth curve [3] - The transition to bioenergy is seen as a natural extension of its existing organic waste processing business, supported by favorable policies promoting renewable energy [3] - The company plans to shift its customer base from municipal to industrial clients, enhancing its market presence in higher market-oriented sectors [4] Group 3: Rapid Scaling and Market Penetration - The company has established a dedicated energy business platform and professional team to facilitate the full chain from raw materials to products in the biogas sector [5] - Current projects have a combined daily biogas production exceeding 200,000 cubic meters, with a goal to reach 1 million cubic meters per day in the next two years [5] - In the biofuel oil sector, the company is developing pre-treatment facilities to convert waste oils into sustainable aviation fuel (SAF) compliant materials, aiming to create an integrated supply chain for international clients [6]

Core Viewpoint - The collaboration between Weili Group and China National Petroleum Corporation (CNPC) marks a significant step in the development of biogas resources in China, focusing on the production and application of biogas for green energy solutions [1][2] Group 1: Partnership and Project Details - Weili Group signed a green rights trading agreement with CNPC for the production of approximately 11 million cubic meters of biogas [1] - This agreement is the first of its kind in China, facilitating cross-regional consumption of biogas from production to application [1] - Weili Group currently has nine biogas projects in execution, with a total production capacity nearing 10 million cubic meters per year [1] Group 2: Strategic Goals and Future Plans - Weili Group aims to achieve a daily production target of 100,000 cubic meters of biogas within 2-3 years, aspiring to become the largest supplier of biofuel raw materials in China [1] - Future collaborations will leverage both parties' strengths in technology, resources, and market channels to promote large-scale applications of biogas for energy structure optimization and carbon reduction [2]

Core Viewpoint - The environmental governance sector experienced a slight increase of 0.14% on December 22, with Tongyuan Environment leading the gains, while the overall market indices also showed positive movements [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3917.36, up by 0.69% [1]. - The Shenzhen Component Index closed at 13332.73, up by 1.47% [1]. - The environmental governance sector stocks showed varied performance, with Tongyuan Environment rising by 18.56% to a closing price of 26.89 [1]. Group 2: Stock Performance - Key gainers included: - Tongyuan Environment (688679): 26.89, +18.56%, volume 120,400, turnover 321 million [1]. - Beijiete (300774): 19.41, +10.35%, volume 308,200, turnover 587.1 million [1]. - ST Xindongli (300152): 2.33, +4.95%, volume 399,700, turnover 91.91 million [1]. - Key losers included: - Huicheng Environmental (300779): 135.87, -12.43%, volume 136,100, turnover 1.963 billion [2]. - Zhongzhi Co. (603903): 14.71, -6.25%, volume 151,600, turnover 227 million [2]. Group 3: Capital Flow - The environmental governance sector saw a net outflow of 575 million from institutional investors, while retail investors contributed a net inflow of 321 million [2]. - The capital flow data indicates that retail investors were more active in the sector compared to institutional investors [2]. Group 4: Individual Stock Capital Flow - High-energy Environment (603588) had a net inflow of 21.75 million from institutional investors, while it faced a net outflow of 37.56 million from speculative funds [3]. - Tongyuan Environment (688679) experienced a net inflow of 12.82 million from institutional investors, with a slight outflow from speculative funds [3]. - The overall trend shows that while some stocks attracted institutional interest, others faced significant outflows from speculative and retail investors [3].

证券日报网讯12月18日，维尔利（300190）在互动平台回答投资者提问时表示，公司正在结合各项目实 际情况及应用场景积极推进ISCC等相关认证工作，挖掘生物天然气的绿色价值，实现生物天然气业务 的高质量增长。 ...

Core Viewpoint - The company, Weili (300190), has obtained two patents in 2024 related to the production of aviation biofuels and biodiesel, focusing on the biofuel oil business and leveraging its experience in kitchen waste treatment [1] Group 1: Patent Acquisition - The company has acquired patents for "catalytic dual-stage radial fixed bed reactor for aviation biofuel production" and "a new catalytic hydrogenation suspended bed reactor for biodiesel production" [1] Group 2: Business Focus - The company is primarily focusing on waste cooking oil (UCO) business and is deepening its upstream raw material layout for sustainable aviation fuel (SAF) [1] Group 3: Industry Engagement - The company will continue to monitor policy developments in the commercial aerospace fuel sector and enhance cooperation with downstream enterprises to seize industry development opportunities [1]

证券日报网讯12月18日，维尔利（300190）在互动平台回答投资者提问时表示，截至2025年12月10日公 司股东人数约为18600户。 ...

Group 1 - The company, Weili, is focusing on the waste cooking oil (UCO) business and is deepening its layout in the upstream raw material sector for bio-jet fuel (SAF) [2] - The company leverages its years of experience in kitchen waste treatment to accumulate project resources [2]

Group 1 - The world's largest integrated green hydrogen, ammonia, and methanol project, the Zhongnengjian Songyuan Hydrogen Energy Industrial Park, has officially commenced production, with a capacity to generate 450,000 tons of green hydrogen, 200,000 tons of green ammonia, and green methanol annually, significantly reducing crude oil consumption by 460,000 tons and cutting carbon emissions by 300,000 tons per year [1] - The integrated green hydrogen, ammonia, and methanol project model combines multiple processes, including wind and solar power generation, water electrolysis for hydrogen production, and the synthesis of green ammonia and methanol, driven by policy support, technological advancements, and market demand for renewable energy [1] - By the end of 2024, China's planned capacity for green ammonia projects is expected to reach approximately 1,780,000 tons per year, with around 1,900,000 tons per year currently under construction [1] Group 2 - According to Guangfa Securities, the industrial application prospects for green ammonia and green methanol are broad, with green ammonia expected to account for over 70% of domestic production by 2050, driven by dual carbon policies and decreasing green electricity costs [2] - Longjiang Securities emphasizes that the high-quality development of renewable energy during the 14th Five-Year Plan period requires breakthroughs in non-electric utilization, with significant application potential for green hydrogen, ammonia, and methanol in chemical, transportation, and metallurgy sectors [2] - As of December 17, 2023, 17 A-share stocks related to green hydrogen and methanol have been identified, with six stocks experiencing over 50% growth this year, including Fuzhijie Technology, Huaguang Huaneng, and Jinfeng Technology [2] Group 3 - In terms of trading activity, Jinfeng Technology recorded the highest average daily trading volume in December at 2.508 billion yuan, followed by China International Marine Containers and others with varying trading volumes [3] - Six green hydrogen and methanol concept stocks have been subject to over ten institutional surveys this year, with Xizi Clean Energy receiving the most attention, having been surveyed 30 times [3] - Xizi Clean Energy has indicated its involvement in the supply of equipment for the integrated wind-solar hydrogen, ammonia, and methanol model, continuously expanding its applications in the green ammonia and methanol industries [3]