证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------|------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关 | | □特定对象调研 □分析师会议 | | 系活动类 | | □媒体采访 □业绩说明会 | | 别 | □新闻发布会 | □√路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位 名称与人 | 中邮基金 新华资产 | 周戈惟 罗立炜 | | | 国金证券 | 陈屹 | ...

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------|-------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关 | | □特定对象调研 □分析师会议 | | 系活动类 | | □媒体采访 □业绩说明会 | | 别 | □新闻发布会 | □√路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位 | 华夏久盈 陈航 国寿资产 | 张祖贤 | | 名称与人 | 国寿资产 龚诚 | | | | ...

Key Points Company Overview 1. **Company Name and Industry**: Pong Pei Environmental Protection Co., Ltd., specializing in water supply and wastewater treatment, as well as biodeisel production. 2. **Establishment and History**: Founded in 1984, with a history of over 40 years in the environmental industry. 3. **Profitability**: Average annualized net profit of around 2.9 billion yuan over the past five years. 4. **Business Segments**: Water supply and wastewater treatment, engineering construction, equipment manufacturing and sales, investment, and new energy (biodeisel production). Biodeisel Production 5. **Market Attention**: High market attention since producing qualified SARP products on September 3. 6. **Production and Sales**: Started producing HVO in March 2020, with sales primarily targeting the European Union. 7. **Price and Profitability**: Current production cost is around 1900 USD per ton, with potential for further cost reduction through technology upgrades. 8. **Market Demand**: Estimated demand for HVO in the European Union is around 1.5 million tons, with domestic demand expected to grow due to policy guidance. Water Supply and Wastewater Treatment 9. **Revenue and Profit**: Revenue from water supply and wastewater treatment reached over 5 billion yuan in the first three quarters, with a net profit of 328 million yuan. 10. **Profitability**: High profitability due to the investment and operation model, with low costs and high efficiency. Technology and Innovation 11. **Biodeisel Production Technology**: Utilizes a domestic technology package with lower raw material requirements compared to international counterparts. 12. **Continuous Production**: Aim to achieve continuous production of HVO with a theoretical cycle of 8 months, with actual maintenance taking around 1-2 months. Future Outlook 13. **Expansion Plans**: Plans to expand production capacity based on market conditions and demand. 14. **Strategic Focus**: Focus on sustainable development and environmental protection, with a long-term commitment to the biodeisel industry. Risks and Challenges 15. **Market Fluctuations**: Potential risks from market fluctuations and policy changes. 16. **Competition**: Intense competition in the biodeisel industry, both domestically and internationally. 17. **Technological Innovation**: Continuous investment in research and development to improve production efficiency and reduce costs.

①多家公司生物航煤（SAF）合格产品的产出和适航认证的取得，或意味着国内生物航煤的试点推广及 应用基础不断夯实，行业整体加速发展态势得到确认； ②公司参股投资"G60星链"核心企业，抢占空天 地一体化安全网络构建，且已成为鸿蒙首批安全伙伴。 【研选·大事件——读懂大市】 1、《求是》杂志发表习近平总书记重要文章《必须坚持守正创新》。 2、11月人民银行以固定数量、利率招标、多重价位中标方式开展了8000亿元买断式逆回购操作；11 月公开市场国债净买入债券面值为2000亿元。 3、市场利率定价自律机制工作会议强调：存款利率不得违规手工补息，贷款利率要符合风险定价原 则。 4、金融监管总局：要积极支持经济社会高质量发展，加力落实稳增长一揽子增量政策。 5、我国首个商业航天发射场完成新火箭首飞。 【研选·行业】 生物航煤|多家公司生物航煤（SAF）合格产品的产出和适航认证的取得，或意味着国内生物航煤的试 点推广及应用基础不断夯实，行业整体加速发展态势得到确认 近期财政部、国家税务总局发布《关于调整出口退税政策的公告》，自2024年12月1日起，取消化学改 性的动、植物或微生物油、脂等产品的出口退税。作为生物航煤（S ...

①最新收购切入硅光晶圆级设备，这家公司拟布局前沿硅光技术进入光通信、光计算广阔市场，主业 FPC设备受益AI手机新景气周期；②近期欧洲生物柴油（SAF）价格持续上涨，分析师预计我国十五五 有望解锁百万吨级市场，今年以来相关企业纷纷释放重要阶段性成果。 《风口研报》今日导读 1、燕麦科技（688312）：①11月29日，公司公告拟收购Axis-TEC的67%股权，Axis-TEC为新加坡领 先的硅光晶圆级测试设备、光电耦合设备供应商，产品主要应用于激光、光学等行业；②中泰证券冯胜 看好Axis-TEC将助力燕麦打造新的业绩增长点，硅光技术作为新兴技术，开始被广泛应用于光通信、光 传感、光计算、智能驾驶、消费电子等多个领域，市场前景广阔；③2025年为苹果创新大年， iPhone17有望迎来更多AI端侧技术、Slim超薄款等创新点，FPC或为最大增量，其需求量线性增长将带 动测试设备需求量弹性增加，公司作为果链FPC检测设备龙头将充分受益；④冯胜预计2024-2026年公 司归母净利润分别为0.89/1.7/1.9亿元，同比增长30%/86%/12%，对应PE分别为57/31/27倍；⑤风险 提示：行业景气度不及 ...

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |----------|---------------------------|--------|----------------------------|--------| | | | | | | | 投资者关 | □特定对象调研 □分析师会议 | | | | | 系活动类 | □媒体采访 □业绩说明会 | | | | | 别 | □新闻发布会 | | □√路演活动 | | | | □现场参观 | | | | | | □其他 | | （请文字说明其他活动内容） | | | 参与单位 | | | | | | 名称与人 | 公司 | 姓名 | 公司 | 姓名 | | 员姓名 | 长江证券 | 李博文 | 融通基金 | 赵逸翔 | | | 华安基金 | 饶晓鹏 | 长信基金 | 齐菲 | | | 新华基金 | 姚海明 | 中航基金 | 曾文传 | | | 兴银基金 | 陈宇翔 | 博时基金 | 谢泽林 | | | 博时基金 | 顾恒轩 | 天弘基金 | 涂申昊 | ...

Project Overview - The company signed a strategic cooperation agreement with Panjin Shuangtaizi District Government in March 2023, establishing a subsidiary, Panjin Pengyao Bioenergy Co., Ltd [3] - The project involves a 1.2 billion yuan investment to transform a 200,000 tons/year hydrogenation unit into a 100,000 tons/year biomass liquid fuel project [3] - The project uses advanced boiling bed hydrogenation technology to produce second-generation biodiesel and bio-jet fuel that meet EU standards [3] Production and Efficiency - The upgraded production facility was completed in early September 2024, with trial operations starting on August 21, 2024 [3] - The overall product yield is 82%, with SAF yield at 55%, HVO yield at 14%, and bio-light oil yield at 13% [3] - The production cost per ton of raw material (excluding raw material costs) ranges between 1,500 yuan to 3,000 yuan [3] Market and Sales - The primary sales channel is the EU market, with orders dependent on market prices and sales directed towards European traders [3] - The company is seeking to establish contact with China Aviation Oil for domestic bio-jet fuel sales [3] - The company has not yet started the airworthiness certification process but plans to initiate it soon [3] Cost Advantages - The company operates in a light-asset model, reducing capital investment and annual fixed asset depreciation costs [4] - The production process package is self-developed, eliminating the need for expensive external process packages [4] - The production base in Panjin, Liaoning, benefits from relatively lower labor costs [4] Raw Materials - The main raw material is UCO (Used Cooking Oil), primarily sourced from collection points in surrounding provinces [3] - The UCO procurement volume of 100,000 tons is fully met by suppliers in Northeast China, Inner Mongolia, Hebei, and Tianjin [4] - The cancellation of UCO export tax rebates has led to a price decrease from around $900 per ton to over $800 per ton, with further declines expected [4] Future Plans - The company's future development in the biodiesel sector will depend on market prices for second-generation biodiesel and SAF [3] - The company plans to make capacity planning decisions based on the stable growth of market prices and the carbon neutrality goals [3]

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------|-----------------------------------------|-------------------------------------------------------------------------------------------------------------| | | | | | 投资者关 | □特定对象调研 | □分析师会议 | | 系活动类 | | □媒体采访 □业绩说明会 | | 别 | | □新闻发布会 □√路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | 德邦证券 | 王华炳 | | 参与单位 | 德邦证券 | 王友舜 | | 名称与人 | 财通资管 | 郭齐坤 | | | 鹏华基金 | 苏东 | | 员姓名 | 鹏华基金 | 蔡春根 | | | 国联安基金 | 王栋 | | | 申万菱信基金 | 苗琦 | | | 申万菱信基金 | 路辛之 | ...

鹏鹞环保股份有限公司 2024 年第三季度报告 证券代码：300664 证券简称：鹏鹞环保 公告编号：2024-058 鹏鹞环保股份有限公司 2024 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 鹏鹞环保股份有限公司 2024 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------- ...

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------|-------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关 | □√特定对象调研 | □分析师会议 | | 系活动类 | | □媒体采访 □业绩说明会 | | 别 | | □新闻发布会 □路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位 | 德邦证券 | 王华炳 | | 名称与人 | 汇丰晋信基金 国泰基金 | 王家怡 张小皮 | | | ...