海新能科(300072.SZ)：预计2025年净亏损4.5亿元-6.4亿元

Core Viewpoint - The company, Haineng Energy Technology (300072.SZ), expects a net profit attributable to shareholders in 2025 to range from -640 million to -450 million yuan, representing a year-on-year growth of 32.94% to 52.85% [1] Group 1: Financial Performance - The net profit excluding non-recurring gains and losses is projected to be between -770 million and -540 million yuan [1] - The bioenergy segment's revenue is expected to increase by approximately 580 million yuan compared to 2024, reflecting a year-on-year growth of about 46% [1] - Gross profit in the bioenergy sector is anticipated to rise by around 270 million yuan, leading to a turnaround from losses to profitability [1] Group 2: Industry Environment - The global green energy policy environment continues to improve, with the EU and UK implementing regular biojet fuel (SAF) blending policies [1] - Major economies such as China, Japan, and South Korea are clarifying their green transition paths, significantly boosting global bioenergy market demand [1] Group 3: Company Developments - The company successfully obtained approval for SAF product exports in October 2025, marking a new breakthrough in its development strategy [1] - The company's subsidiary, Shandong Sanju Bioenergy Co., Ltd., maintains stable high-load operation of its isomerization unit [1]