Core Viewpoint - The increase in biodiesel prices is closely related to industry development trends, driven by rising global demand for green energy and international policies promoting low-carbon ship fuel transitions [1] Group 1: Industry Outlook - The demand for biodiesel is expected to rise due to macroeconomic factors, enhancing market expectations and potentially leading to price increases [1] - Price increases, in the context of stable costs, could positively impact product gross margins and company profits [1] Group 2: Price Influences - Biodiesel prices are influenced by multiple factors, including crude oil prices, commodity cycles, policies, and trade environments, which introduce uncertainties [1]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending various companies within these industries for investment [5][14]. Core Insights - The report highlights the competitive results of the electricity pricing mechanism in Shandong, indicating that wind power is favored over solar power, with wind power pricing at 0.319 CNY/kWh and solar at 0.225 CNY/kWh [9][10]. - A new pricing mechanism for nearby consumption of renewable energy has been established, clarifying economic responsibilities and allowing renewable projects to pay for supply reliability [12][13]. - Global gas prices are showing mixed trends, with European and Asian prices rising while U.S. prices are declining, reflecting varying supply and demand dynamics [15][20]. Summary by Sections 1. Electricity: Shandong Pricing Mechanism and New Renewable Energy Policies - Shandong's first competitive pricing results show wind power projects with a total capacity of 3.5911 GW and a mechanism electricity price of 0.319 CNY/kWh, while solar projects have a capacity of 1.265 GW and a price of 0.225 CNY/kWh [9][11]. - The new pricing mechanism for nearby consumption aims to enhance the utilization of renewable energy and reduce the pressure on the power system [12][13]. 2. Gas: Global Price Variations - As of September 12, U.S. Henry Hub spot prices are at $2.94/mmBtu, down 3.61% week-on-week, while European TTF prices are at €32.00/MWh, up 1.27% [15][16]. - The report notes that U.S. gas production remains high despite a slight decline, while European prices are influenced by supply constraints and increased heating demand due to cooler temperatures [15][20]. 3. Weekly Market Review - The gas sector outperformed the Shanghai and Shenzhen 300 index, while the public utilities, power, and environmental sectors underperformed [36]. 4. Company and Industry Dynamics - Recent announcements include the implementation of market-oriented pricing reforms for renewable energy in Jiangxi province, effective from October 2025 [40]. - The report also discusses various company announcements, including operational updates and financial instruments [43]. 5. Key Company Valuation Tables - The report provides valuation metrics for key companies in the public utility sector, highlighting buy and hold recommendations for several firms based on their earnings and price-to-earnings ratios [45][46].

北京德恒（深圳）律师事务所 关于深圳市朗坤科技股份有限公司 2025 年第一次临时股东会 的法律意见 深圳市福田区金田路 4018 号安联大厦 B 座 11 楼 电话:0755-88286488 传真:0755-88286499 邮编:518026 北京德恒（深圳）律师事务所 关于深圳市朗坤科技股份有限公司 2025 年第一次临时股东会的法律意见 北京德恒（深圳）律师事务所 关于深圳市朗坤科技股份有限公司 2025 年第一次临时股东会 的法律意见 德恒 06G20230259-00021 号 致：深圳市朗坤科技股份有限公司 深圳市朗坤科技股份有限公司（以下简称"公司"）2025 年第一次临时股 东会（以下简称"本次会议"）于 2024 年 9 月 11 日（星期四）召开。北京德 恒（深圳）律师事务所（以下简称"德恒"）受公司委托，指派叶兰昌律师、 罗晋航律师（以下简称"德恒律师"）出席了本次会议。根据《中华人民共和 国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以下 简称"《公司法》"）、中国证券监督管理委员会《上市公司股东会规则》 （以下简称"《股东会规则》"）、《深圳市朗坤科技股份有限公 ...

证券代码：301305 证券简称：朗坤科技 公告编号：2025-069 深圳市朗坤科技股份有限公司 2025年第一次临时股东会决议公告 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、误导性陈述或者重大遗漏。 特别提示: 2、网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 11 日 的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025 年 9 月 11 日 9:15-15:00 期间的任意时间。 3、会议召开地点：深圳市龙岗区坪地街道高桥社区坪桥路 2 号朗坤科技园公 司会议室 4、会议的召开方式：现场表决与网络投票相结合的方式 5、会议召集人：深圳市朗坤科技股份有限公司（以下简称"公司"）董事会 6、会议主持人：公司董事长陈建湘先生 1、本次股东会无变更、否决提案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、现场会议召开时间：2025年9月11日（星期四）下午15:00 7、本次股东会的召集和召开符合《中 ...

2025 年半年度跟踪报告 | 保荐人名称：招商证券股份有限公司 | 被保荐公司简称：朗坤科技 | | --- | --- | | 保荐代表人姓名：王玉亭 | 联系电话：0755-82943234 | | 保荐代表人姓名：刘畅 | 联系电话：0755-82960330 | 招商证券股份有限公司 关于深圳市朗坤科技股份有限公司 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0次 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于防止关 联方占用公司资源的制度、募集资金管理制度、内控制度、内 | 是 | | 部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 6次 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4.公司治理督导情况 | | | （1）列 ...

Market Performance - The environmental governance sector rose by 0.97% on September 11, with Fu Jie Environmental leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Top Gainers in Environmental Governance - Fu Jie Environmental (688335) closed at 17.47, with a significant increase of 19.99% and a trading volume of 133,100 shares, amounting to 222 million yuan [1] - China Tianrong (000035) saw a rise of 9.92%, closing at 5.21 with a trading volume of 1,044,400 shares, totaling 531 million yuan [1] - Zhenghe Ecology (605069) increased by 6.60%, closing at 11.46 with a trading volume of 285,400 shares, amounting to 331 million yuan [1] Decliners in Environmental Governance - Green Yin Ecology (002887) decreased by 2.49%, closing at 9.79 with a trading volume of 112,700 shares, totaling 110 million yuan [2] - Qiaoyin Co. (002973) fell by 2.40%, closing at 15.03 with a trading volume of 77,500 shares, amounting to 116 million yuan [2] - Feinan Resources (301500) dropped by 1.40%, closing at 17.65 with a trading volume of 162,300 shares, totaling 28.5 million yuan [2] Capital Flow Analysis - The environmental governance sector experienced a net outflow of 397 million yuan from institutional investors, while retail investors saw a net inflow of 533 million yuan [2][3] - Major stocks like China Tianrong and Yuanda Environmental had mixed capital flows, with China Tianrong seeing a net inflow of 106 million yuan from institutional investors [3]

Group 1 - The core point of the article highlights the trading activity of Langkun Technology, which experienced a decline of 0.54% on September 10, closing at 22.21 yuan [1] - The company had two block trades on the same day, with a total trading volume of 450,000 shares and a total transaction amount of 9.9135 million yuan [1] - The first trade was executed at a price of 22.03 yuan for 150,000 shares, amounting to 3.3045 million yuan, with a premium rate of -0.81% [1] - The second trade also occurred at 22.03 yuan for 300,000 shares, totaling 6.6090 million yuan, maintaining the same premium rate of -0.81% [1] Group 2 - Over the past three months, Langkun Technology has recorded a total of two block trades, with a cumulative transaction amount of 9.9135 million yuan [1] - In the last five trading days, the stock has increased by 10.33%, with a total net inflow of 28.2596 million yuan from main funds [1]

Core Insights - The company has confirmed that its HMO (Human Milk Oligosaccharides) product is in the trial production phase, with a capacity of 260 tons per year [2] - The company has received approval for various production strains from the National Health Commission, indicating progress in regulatory compliance [2] - The company is actively establishing connections with major dairy product clients and has entered the qualification process to become a supplier for leading companies in the industry [2] Production and Sales - The first phase of the production project has commenced trial production, with steady progress in all production stages [2] - The company is focusing on market expansion and has initiated contact with key target customers [2] Research and Development - Multiple production strains have been submitted for approval, which has been accepted by the relevant health authorities [2]

Core Viewpoint - The company reported a slight decline in revenue but a significant increase in net profit, driven by improvements in core business efficiency [2][3] Revenue and Profit Performance - In the first half of 2025, the company achieved operating revenue of 855 million yuan, a year-on-year decrease of 4%, while net profit attributable to shareholders reached 147 million yuan, a year-on-year increase of 22% [1][2] - The net profit after deducting non-recurring items was 145 million yuan, reflecting a year-on-year growth of 25.43% [2] Business Segment Analysis - The bioenergy (biodiesel) segment was a key driver of profit growth, generating revenue of 474 million yuan, up 6.38% year-on-year, with a significant reduction in operating costs by 7.22%, leading to a gross margin increase of 9.71 percentage points to 33.77% [2][3] - The traditional biomass waste operation service business also showed steady growth, achieving revenue of 314 million yuan, a year-on-year increase of 12.11% [3] Synthetic Biology Business Development - The synthetic biology manufacturing business made significant progress, with LNT and LNnT products receiving Self-GRAS certification in the U.S., paving the way for market expansion [4] - The company has completed fermentation production of 30 tons of LNnT and is advancing the development of various HMO products [4] Future Earnings Forecast - The company is projected to achieve operating revenues of 2.293 billion, 2.882 billion, and 3.625 billion yuan for 2025-2027, with year-on-year growth rates of 28.03%, 25.68%, and 25.81% respectively [5] - Net profit attributable to shareholders is expected to be 302 million, 405 million, and 519 million yuan for the same period, with growth rates of 40.07%, 34.12%, and 28.19% respectively [5]

Core Insights - The stock price of Langkun Technology closed at 20.63 yuan on August 26, 2025, down 0.24% from the previous trading day, with a trading volume of 1.91 billion yuan [1] - The company reported a net profit attributable to shareholders of 147 million yuan for the first half of 2025, representing a year-on-year increase of 22.36%, and plans to distribute a cash dividend of 2 yuan for every 10 shares [1] - Langkun Technology focuses on the development of its core business areas, including biomass resource regeneration and synthetic biological manufacturing, aiming to create sustainable returns for shareholders through business structure optimization and operational efficiency improvements [1] Financial Performance - The net cash flow from operating activities for the first half of 2025 was 201 million yuan, indicating a stable financial position [1] - The company's asset-liability structure remains robust, supporting its ongoing business operations and growth strategies [1] Market Activity - On August 26, there was a net outflow of 791,000 yuan from major funds, although over the past five days, there has been an overall net inflow of 27.42 million yuan [1]