朗坤科技（301305.SZ）12月22日在投资者互动平台表示，公司珠海朗健HMOS项目处于试生产阶段， 部分核心产品已获国内外相关认证，目前正推进多家乳企验厂及商务谈判。新项目产业化过程中存在一 定不确定性，公司正加快工艺优化与客户认证进度，力争早日实现订单落地。未来公司将继续聚焦主业 提升盈利质量，依规推进市值管理相关工作。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司HMOs产品一直说试生产阶段，至今为止没有任何 订单产生？ ...

Investment Rating - The industry investment rating is "Overweight," indicating that the industry is expected to outperform the overall market [10]. Core Insights - The recent approval of Germany's RED III legislation is anticipated to boost the demand for HVO (Hydrotreated Vegetable Oil) and UCO (Used Cooking Oil) [4]. - The legislation raises greenhouse gas (GHG) reduction targets for gasoline and diesel to 19% by 2030, significantly higher than the EU's unified target of 14.5% [4]. - The cancellation of double counting for advanced biofuels is expected to convert "accounting quotas" into "physical volumes," providing a substantial increase in demand for HVO and UCO [4]. - The removal of POME (Palm Oil Mill Effluent) from compliance eligibility is set to take effect in 2027, although its impact is considered limited due to the declining share of palm oil in EU biodiesel feedstocks [4]. - The report suggests a positive outlook for biodiesel across road transport, shipping, and aviation, with specific companies recommended for investment: Shandong Hi-Speed, Hainan Xinneng, Longkun Technology, and Weili [4]. Summary by Sections RED III Legislation Impact - The RED III directive requires EU member states to implement national laws by May 21, 2025, with Germany's legislation already in place [4]. - The overall renewable energy target for the EU is set to reach at least 42.5% by 2030, with a focus on increasing the share of renewable energy in the transport sector to 29% [5]. Company Valuation - Key companies in the sector have varying market capitalizations and profit forecasts, with Shandong Hi-Speed projected to have a net profit of 1.05 billion in 2025, while Hainan Xinneng is currently not forecasted to generate profit [6].

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector [4]. Core Insights - The German government has officially passed legislation to implement the EU's Renewable Energy Directive (RED III), which is expected to boost the demand for HVO (Hydrotreated Vegetable Oil) and UCO (Used Cooking Oil) [4]. - The RED III directive, effective from 2023, mandates EU member states to transpose it into national law by May 21, 2025, with Germany setting a higher greenhouse gas (GHG) reduction target of 19% for gasoline and diesel by 2030, compared to the EU's unified target of 14.5% [4][5]. - The cancellation of double counting for advanced biofuels is expected to convert "accounting quotas" into "physical volumes," significantly increasing the demand for HVO and UCO [4]. - The removal of POME (Palm Oil Mill Effluent) from compliance eligibility is set to take effect in 2027, although its impact is considered limited due to the declining share of palm oil in EU biodiesel feedstocks [4]. - The report suggests a positive outlook for biodiesel development across road transport, shipping, and aviation, with specific companies recommended for investment: Shandong Hi-Speed Energy, Hainan New Energy Technology, Longkun Technology, and Weili [4]. Summary by Sections Legislative Developments - The German cabinet's approval of the RED III legislation is a significant step towards enhancing HVO and UCO demand [4]. - The legislation aims to increase the GHG reduction target for the transportation sector, with a gradual rise to 59% by 2040 [4]. Market Implications - The cancellation of double counting is anticipated to enhance HVO profitability, indirectly raising SAF (Sustainable Aviation Fuel) prices due to reduced supply [4]. - The report highlights the importance of monitoring the legislative progress in other EU member states as they implement RED III [4]. Company Valuations - Key companies in the sector are evaluated with projected net profits and market capitalizations, indicating potential investment opportunities [6]. - For instance, Shandong Hi-Speed Energy is projected to have a net profit of 1.05 billion in 2025, with a PE ratio of 33 [6].

Investment Rating - The report maintains a "Buy" rating for the environmental protection industry, consistent with the previous rating [2]. Core Insights - The central economic meeting emphasized the "dual carbon" strategy, indicating a strong push towards green energy development and comprehensive green transformation in the industry [13][15]. - The report highlights significant investment opportunities in waste management, recycling, and renewable energy sectors, particularly in waste incineration and carbon monitoring equipment [15][18]. - The report notes a trend of increasing dividend payouts among solid waste companies, with the average dividend payout ratio rising from 34.3% in 2019 to 48.5% in 2024, indicating a shift towards a "dividend investment strategy" in a mature market [15][19]. Summary by Sections Section 1: Dual Carbon and Green Transformation - The central economic meeting outlined key initiatives for promoting energy efficiency and carbon reduction across major industries, including the establishment of a national carbon trading market and comprehensive solid waste management actions [13][15]. - The report anticipates growth in the green economy, particularly in sectors like waste incineration and recycling, driven by government policies [15][18]. Section 2: Biodiesel Market Insights - The report discusses the biodiesel market, noting a slight decrease in SAF prices while UCO prices remain strong, with UCO prices reaching $1,065 per ton, an 8.1% increase since the beginning of the year [19][22]. - The report suggests that companies involved in waste oil processing and biodiesel production will benefit from these market dynamics, particularly those with integrated operations [28]. Section 3: Policy Tracking - The report tracks domestic and international developments related to carbon neutrality, including the establishment of a carbon trading market and the EU's commitment to significant emission reductions by 2040 [31][32]. - It highlights the importance of policy frameworks in driving the green transition and the role of financial support for green projects [38]. Section 4: Company Announcements and Market Trends - The report provides updates on key companies in the environmental sector, including investment agreements and project developments that enhance market competitiveness [41][43]. - It notes that the environmental sector's valuation is currently at historical lows, suggesting potential for future growth [41].

证券日报网讯 12月12日，朗坤科技在互动平台回答投资者提问时表示，公司第四季度uco产能相关经营 数据请以公司正式公告或后续定期报告披露内容为准。 （文章来源：证券日报） ...

证券日报网讯12月12日，朗坤科技（301305）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股东户数为19068户。 ...

（文章来源：证券日报） 证券日报网讯 12月4日，朗坤科技在互动平台回答投资者提问时表示，公司股价受市场环境、行业周期 等因素影响，公司目前业绩稳步增长、经营稳健。公司股权激励授予价格严格遵循《上市公司股权激励 管理办法》等法律法规的相关要求。公司将持续深耕主业，以扎实业绩回馈投资者信任。 ...

Core Viewpoint - Longkun Technology (301305) will disclose its fourth-quarter operating conditions in the 2025 annual report [1] Group 1 - The company responded to investor inquiries on its interactive platform [1]

Group 1: Company Acquisitions - Company plans to acquire 51% stake in Shenzhen Betel Technology for 321 million yuan and 51% stake in Shanghai Tongtu for 357 million yuan [1] - Shanghai Tongtu specializes in IP technology licensing and chip design, with applications in various sectors including mobile, AR/VR, and automotive [1] Group 2: Investment Projects - Company announces an investment of 804 million yuan for the construction of a 200,000 kW/120,000 kWh grid-side independent energy storage demonstration project in Baotou [2] - The project aims to participate in the electricity spot market, buying electricity during low price periods and selling during peak times to generate profit [2] Group 3: International Expansion - Company intends to issue H-shares and list on the Hong Kong Stock Exchange to accelerate its international strategy and enhance global customer service capabilities [3] Group 4: Technological Collaboration - Company signs a technical agreement with Weijing Intelligent for the processing of humanoid robot components, focusing on material selection and design [4] - The company aims to leverage its expertise in high-end aluminum alloy materials to expand its application in emerging industries like humanoid robotics [4] Group 5: Share Buybacks - Company announces a share buyback of 1.6225 million shares from November 27 to November 28, with a total expenditure of 247 million yuan [5] Group 6: Performance Metrics - BAIC Blue Valley reports a 112.71% year-on-year increase in new energy vehicle sales for November [6] - SAIC Group experiences a 3.75% year-on-year decline in total vehicle sales for November [6]

Core Viewpoint - The company has not yet established a supply cooperation with China National Petroleum Corporation (CNPC) regarding its sustainable aviation fuel (SAF) project, which aims to expand production by 100,000 tons per year [1] Group 1 - The company's largest client is China National Petroleum Corporation [1] - CNPC plans to expand its sustainable aviation fuel (SAF) project by 100,000 tons per year [1] - The company has not reached a supply agreement for the SAF project with CNPC [1]