Jovo Energy(SH:605090) Xin Lang Cai Jing·2025-08-15 08:28Core Viewpoint - The company, Jiufeng Energy, is a major player in the clean energy sector, focusing on natural gas and related products, with a strategic emphasis on expanding its hydrogen energy initiatives and logistics capabilities [2][3]. Company Overview - Jiufeng Energy, established on February 27, 2008, and listed on May 25, 2021, is headquartered in Guangzhou, Guangdong Province. The company specializes in liquefied natural gas (LNG), liquefied petroleum gas (LPG), methanol, and dimethyl ether (DME) [8]. - The revenue composition of Jiufeng Energy includes: 51.19% from natural gas and operations, 39.99% from liquefied petroleum gas, 4.77% from other chemical products, 2.97% from energy logistics and technical services, and 1.07% from specialty gases [8]. Business Operations - The company operates as a large-scale clean energy service provider, focusing on the midstream and terminal sectors of the gas industry. Its main products include LNG, LPG, and chemical products like methanol and DME, which are used in power generation, industrial fuel, town gas, automotive fuel, and chemical raw materials [2][3]. - Jiufeng Energy's core business also includes energy service operations, particularly in gas recovery and processing services around "three types of gas wells," with ongoing projects in the southwestern region of China [2][3]. Logistics and Transportation - The company's logistics capabilities are crucial for securing supply for downstream customers. Jiufeng Energy owns three LNG transport vessels, leases two, and has one under construction, along with one leased LPG transport vessel and one under construction, totaling eight vessels [3]. - The ownership of transport vessels provides cost advantages, enhancing the company's competitive edge by reducing transportation costs and improving safety and reliability [3]. Hydrogen Energy Initiatives - Jiufeng Energy's subsidiary plans to collaborate with Ju Zhengyuan Co., Ltd. to develop hydrogen energy, leveraging by-products from polypropylene projects to advance hydrogen-related technology and market operations [3]. - The initial focus areas include hydrogen production and purification technology, low-carbon environmental technology research, and the development of safety measures for hydrogen transportation and storage [3].