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知行集团控股(01539)完成碳信用资格PIN编号注册
智通财经网· 2025-08-27 13:15
根据多个司法权区的法定要求,企业须购买碳信用以抵销其二氧化碳或其他温室气体排放。若未履行该 义务,则须依据适用法律法规缴纳相应款项(通常称为碳税)。根据集团获得的可用资料(尚待进一步研 究),新加坡政府将于2026年起按每吨45新元征收碳税,而目前每单位碳信用在欧洲的交易价格约为73 欧元。因此,集团将获得的碳信用属于EMC业务产生的附加资产,且无需承担任何额外生产成本。集 团目前预计自相关EMC业务部署之日起的初始十年期间可获得EMC业务产生的相关碳信用,期满后可 再续期十年。根据集团基于已确认部署的EMC业务而作出的最佳估算,目前预计集团每年可获得约 42400吨碳信用。未来EMC业务的进一步部署预计将为集团带来更多碳信用认证。 此外,知行纳闽已委任Tek Securities作为其财务顾问,负责就知行纳闽拟于纳闽岛发行面值人民币2亿 元并经纳闽金融服务管理局赞同的私募气候伊斯兰债券提供建议。该发行所得款项将用于资助EMC业 务的发展。 智通财经APP讯,知行集团控股(01539)发布公告,集团已完成气候顾问对(其中包括)EMC业务的审核, 知行绿建随后成功获得PIN编号。待项目审查完成获Verra信纳后 ...
福建金森股价回调3.14% 成交额突破2.2亿元
Jin Rong Jie· 2025-08-26 20:03
福建金森8月26日股价收报10.18元,较前一交易日下跌0.33元,跌幅3.14%。盘中最高触及10.90元,最 低下探至10.13元,振幅达7.33%。当日成交量为214193手,成交金额2.22亿元,换手率为9.09%。 8月26日早盘时段,福建金森出现快速回调,在9点35分时5分钟内跌幅超过2%,当时报价10.32元,成 交金额达7022万元。从资金流向来看,当日主力资金净流出2359.71万元,占流通市值的0.98%。而近五 个交易日主力资金整体呈现净流入状态,累计净流入606.82万元。 风险提示:以上信息仅供参考,不构成投资建议。 福建金森主营业务为林业种植、木材加工及销售等。公司所属行业为农牧饲渔板块,同时涉及碳交易、 央国企改革等概念领域。公司总市值24亿元,流通市值24亿元。 ...
永安林业股价下跌3.84% 上半年净亏损0.18亿元
Jin Rong Jie· 2025-08-26 18:39
截至2025年8月26日15时0分,永安林业股价报7.01元,较前一交易日下跌0.28元,跌幅3.84%。当日开 盘价为7.44元,最高触及7.55元,最低下探至6.97元,成交量为42.46万手,成交额达3.01亿元。 永安林业属于装修建材、福建板块、微盘股、碳交易及央国企改革等概念板块。公司主营业务涵盖林业 资源培育、木材加工及人造板制造等领域。 资金流向方面,8月26日主力资金净流出3577.31万元,占流通市值的1.67%;近五日主力资金累计净流 出1818.21万元,占流通市值的0.85%。 风险提示:投资有风险,入市需谨慎。 消息面上,永安林业发布2025年半年度报告,报告期内实现营业收入1.32亿元,同比下降3.10%;归属 上市公司股东的净利润为-0.18亿元,同比增长14.18%;扣非净利润为-0.24亿元,同比增长18.47%。 ...
中央发文加强全国碳市场建设,相关概念股今年以来最高涨幅超160%
Mei Ri Jing Ji Xin Wen· 2025-08-26 12:23
8月25日晚间,《中共中央办公厅 国务院办公厅关于推进绿色低碳转型加强全国碳市场建设的意见》 (以下简称《意见》)正式对外公布,旨在推动建设更加有效、更有活力、更具国际影响力的全国碳排 放权交易市场(以下简称全国碳市场)。 《意见》提出,到2027年,实现全国碳市场基本覆盖工业领域主要排放行业,全国温室气体自愿减排交 易市场实现重点领域全覆盖两项主要目标。 为实现上述目标,文件在信息披露、配额分配、金融产品创新等关键领域提出了具体改革措施,共计17 条细则。 复旦发展研究院助理研究员、复旦平安宏观经济研究中心主任助理石烁向《每日经济新闻》记者表示, 针对不同行业要制定差异化的有偿分配标准。对于国际竞争激烈、特别是面临欧盟碳边境调节机制等压 力的行业,初期应设定较低的有偿分配比例或获得较多的免费配额;对于数据基础较好、承受能力相对 较强的行业,如发电行业,可以成为有偿分配比例提高的先行领域。 稳妥推行免费和有偿相结合的碳配额分配方式 记者注意到,此次《意见》明确提到完善碳排放配额管理制度。文件明确表示:"稳妥推行免费和有偿 相结合的碳排放配额分配方式,有序提高有偿分配比例。建立配额储备和市场调节机制,平衡市场供 ...
能环宝从行业演进中捕捉机遇,以技术深耕与生态协同开拓未来
Jin Tou Wang· 2025-08-25 07:14
在全球能源结构加速转型、中国"双碳"目标深入推进的背景下,中国光伏产业历经多年跨越式发展,已 成为全球能源变革的核心引擎。作为光伏领域的深度参与者,能环宝持续追踪中国国际清洁能源博览会 (CEEC)等行业风向标,从技术迭代、市场变革与政策调整中提炼战略洞察,为自身在"十五五"期间的 战略布局提供关键指引。 一、技术迭代:见证主流路线更替,锚定前沿领域布局 光伏产业的技术竞争始终是行业发展的核心主线。从"十二五"期间多晶硅BSF电池以15%-18%转换效率 主导市场,到"十三五"单晶硅PERC电池效率突破20%、成本十年降七成,再到"十四五"TOPCon电池量 产效率达25.4%、钙钛矿叠层电池实验室效率逼近34.6%,技术路线的快速迭代既展现了行业创新活 力,也对企业战略定力提出更高要求。 能环宝启示:技术领先需兼顾商业化可行性与产业链协同性。公司通过持续跟踪CEEC展出的新型电池 技术、智能逆变器及储能系统,认识到TOPCon电池凭借成熟的产业链基础与成本优势,短期内仍将占 据主流市场;而钙钛矿叠层电池虽面临稳定性挑战,但其"光伏终极形态"的潜力不可忽视。 二、市场变革:洞察应用场景升级,构建综合服务能力 ...
东珠生态股价小幅回落 盘中一度快速反弹
Jin Rong Jie· 2025-08-22 18:08
Group 1 - The stock price of Dongzhu Ecology closed at 7.81 yuan on August 22, down 0.76% from the previous trading day [1] - The company operates in the environmental protection sector, focusing on ecological restoration and landscape greening [1] - Dongzhu Ecology is headquartered in Jiangsu and is involved in multiple concepts including new urbanization, carbon trading, and rural revitalization [1] Group 2 - On August 22, Dongzhu Ecology experienced a rapid rebound in the morning session, with a rise of over 2% within the first five minutes before 9:35 AM, achieving a transaction amount of 71.065 million yuan [1] - The net inflow of main funds on that day was 22.8121 million yuan, accounting for 0.65% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds was 6.8094 million yuan [1]
欧盟碳市场行情简报(2025年第149期)-20250822
Guo Tai Jun An Qi Huo· 2025-08-22 05:48
Report Title - EU Carbon Market Market Briefing (Issue No. 149, 2025) [1] Report Date - August 21, 2025 [2] Industry Investment Rating - Not provided Core Viewpoint - TTF price surge drives EUA futures prices to turn positive; strategy is to buy low and sell high within the range of €63 - 76 [2] Market Summary Primary Market - EUA auction price is 70.47 euros/ton (-1.26%), and the bid coverage ratio is 1.66 [2] Secondary Market - EUA futures settlement price is 71.29 euros/ton (0.18%), with a trading volume of 17,700 lots (-0.40) [2] Strategy - Adopt a high - sell and low - buy strategy within the price range of €63 - 76 [2] Core Logic Bullish Factors - No new bullish factors [2] Bearish Factors - The latest CoT report shows that investment funds' net long positions decreased by 8.65 million tons last week due to significant long - position liquidation; under the newly passed regulations, European gas storage facilities must reach 90% of their capacity between October and December, and the current capacity utilization is 73.91%, indicating a loose EU natural gas supply [2] Other Information - Russia stated on Wednesday that it must participate in any discussions regarding Ukraine's security guarantees, weakening hopes for a quick peace agreement [2][3] Data Tables EUA Auction Information - On August 20, 2025, the EUA auction price was 70.47 euros/ton, the CBAM certificate price was 71.17 euros/ton, the auction volume was 2.069 billion tons, the bid coverage ratio was 1.66, and the auction revenue was 145.8 million euros [4] - On August 19, 2025, the EUA auction price was 71.37 euros/ton, the CBAM certificate price was 71.17 euros/ton, the auction volume was 3.2455 billion tons, the bid coverage ratio was 1.59, and the auction revenue was 231.63 million euros [4] EUA Futures and Spot Information - On August 20, 2025, the futures settlement price was 71.29 euros/ton (0.18% increase), the trading volume was 17,700 lots (-0.40), and the open interest was 335,200 lots (no change); the spot settlement price was 70.73 euros/ton (0.20% increase), and the trading volume was 1,233 lots (-5,020) [5]
水泥行业反内卷:过去,现在和未来
Tianfeng Securities· 2025-08-19 07:46
Investment Rating - The industry rating is "Outperform the Market" (maintained rating) [5] Core Insights - The necessity for "anti-involution" in the cement industry remains, with a competitive landscape characterized by high concentration and state-owned enterprise dominance [1][12] - The cement industry is experiencing a significant oversupply, with a projected capacity utilization rate of only 53% in 2024, indicating a need for supply-side reforms to reduce actual capacity [3][22] - Short-term measures such as peak-shifting production will continue to support the industry, while medium-term strategies will focus on administrative measures to limit overproduction [4][30] Summary by Sections Supply Structure - The cement industry is primarily led by state-owned enterprises, with a concentration ratio (CR10) of 57% and an expected state-owned enterprise capacity share of around 45% in 2024 [1][12] - The top ten cement companies include four state-owned enterprises, which collectively hold about 71% of the capacity, facilitating coordinated efforts to stabilize prices and enhance efficiency [12][1] Industry Profitability - The industry is projected to achieve a total profit of 260 billion yuan in 2024, with a profit margin of approximately 4.1%, although this represents an 86% decline from the peak levels seen in previous years [16][20] - The worst period in early 2024 saw over 55% of companies reporting losses, but a recovery is anticipated in the fourth quarter, with profits expected to reach 150-160 billion yuan in the first half of 2025 [20][16] Supply and Demand Dynamics - The total cement supply has peaked at around 1.81 billion tons, but demand continues to decline, leading to a significant oversupply issue [22][3] - The expected demand bottom is estimated to be between 1.2 to 1.5 billion tons, indicating a potential decline of 18% to 34% from 2024 levels [22][3] Review of Previous Supply-Side Reforms - Previous reforms included a ban on new capacity and the promotion of peak-shifting production, which successfully reduced new clinker capacity additions from a billion-ton level to a few million tons [2][26] - The industry's profit recovery from 518 billion yuan in 2016 to a historical high of 1867 billion yuan in 2019 was largely due to these reforms [2][29] Future Anti-Involution Strategies - The future governance of "anti-involution" will involve a combination of market, administrative, and legal measures, with a strong emphasis on reducing excess capacity through administrative controls [4][30] - The carbon trading policy expected to be implemented by 2027 will further pressure high-emission capacities to exit the market, promoting a shift towards more efficient production methods [33][35]
LEAPMOTOR(09863) - 2025 Q2 - Earnings Call Transcript
2025-08-18 12:00
Financial Data and Key Metrics Changes - In the first half of 2025, the company achieved a net profit of 30 million RMB, marking its first interim profitability and becoming the second EV startup to do so [6][9] - The gross profit margin reached a historical high of 14.1% in the first half of 2025, attributed to economies of scale, cost management, and product mix optimization [6][8] - Total income for the first half was 24.25 billion RMB, with operating net cash increasing to 2.86 billion RMB compared to 270 million RMB in the same period of 2024 [9][10] - Free cash flow improved to 860 million RMB from a negative 480 million RMB year-on-year [9] Business Line Data and Key Metrics Changes - Total sales in the first half of 2025 were 221,664 units, a 155.7% increase compared to the same period in 2024, making the company the top startup EV brand in China [10] - In July 2025, deliveries reached a new high of 50,129 units, maintaining the number one position for five consecutive months [10][11] Market Data and Key Metrics Changes - The company expanded its sales network to cover 286 cities, an increase of 88 cities from the previous year, with 806 sales outlets established [19][20] - In June 2025, the company's market share in Germany exceeded 1%, with over 4,000 orders placed by European users in July [25][26] Company Strategy and Development Direction - The company plans to continue investing in R&D, with a focus on smart driving technologies and expanding its product lineup [15][16] - The company aims to achieve localized production in Europe and Malaysia by 2026, enhancing its global market presence [27][71] - The strategy includes deepening market penetration in tier three to tier five cities in China, capitalizing on the growing demand for new energy vehicles [66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a revised full-year sales guidance of 580,000 to 650,000 units, based on strong performance in the first half and positive outlook for the second half [33][34] - The company anticipates a slight increase in gross profit margin in the second half, aiming for around 15% as it scales operations [49][50] - Management noted that the impact of the removal of the new energy vehicle purchase tax would be minimal, similar to the previous year's experience with subsidy removal [90][92] Other Important Information - The company has received an MSCI ESG double A rating for its commitment to environmental protection and corporate governance [28] - The company is exploring capital collaboration opportunities to enhance industrial resource synergies [24] Q&A Session Summary Question: What is the sales outlook for August and September? - Management expects significant growth in sales for August and September, with Q3 sales projected to be between 170,000 to 180,000 units [33] Question: What is the outlook for gross profit margin in subsequent quarters? - Management believes the gross profit margin will improve in the second half compared to the first half, maintaining above 14% [34] Question: How does the company plan to handle pricing strategy amid regulatory changes? - The company supports government efforts to curb industry chaos and will not engage in excessive competition, maintaining a strong gross profit margin through cost control [40][41] Question: What is the guidance on expenses as sales grow? - Management indicated that while absolute expenses are rising, the expense ratio is dropping rapidly due to increased sales revenue [43] Question: What are the expectations for overseas sales and carbon credit purchases? - Management expects overseas sales to double next year, with Stellantis likely to continue purchasing carbon credits [44][47] Question: How will the removal of the purchase tax impact sales and profitability? - Management anticipates minimal impact on sales due to the removal of the purchase tax, similar to the previous year's experience with subsidy removal [90][92]
永安林业股价持平 董事会审议设立全资子公司议案
Jin Rong Jie· 2025-08-15 21:17
Group 1 - The stock price of Yong'an Forestry closed at 6.87 yuan on August 15, 2025, remaining unchanged from the previous trading day, with a trading volume of 62,308 hands and a transaction amount of 0.43 billion yuan, showing a fluctuation of 1.46% [1] - Yong'an Forestry's main business includes artificial board manufacturing, forestry, and other operations, with artificial board manufacturing accounting for 88.97% of its business [1] - On the evening of August 15, Yong'an Forestry announced that its 10th Board of Directors held a meeting to review the proposal for establishing a wholly-owned subsidiary [1] Group 2 - On August 15, the net inflow of main funds into Yong'an Forestry was 7.81 million yuan, with a cumulative net inflow of 45.09 million yuan over the past five days [1]