12月30日晚间，嘉泽新能（601619）源股份有限公司（以下简称"嘉泽新能"）发布的公告显示，公司 2025年第五次临时股东大会审议并高票通过了《关于下属公司投资建设黑龙江省鸡西市鸡东县30万吨绿 氢醇航油化工联产项目的议案》。 嘉泽新能相关负责人向记者表示，项目旨在把握全球能源绿色转型机遇，以绿色甲醇和绿色乙醇为核心 产品，定位于绿色能源与绿色化工原料市场，满足航运、航空、化工等行业对清洁能源和低碳原料日益 增长的需求。 陕西巨丰投资资讯有限责任公司高级投资顾问于晓明在接受《证券日报》记者采访时表示，绿色甲醇、 绿色乙醇、绿色航空煤油均是政策与需求双驱动的高增长新能源赛道，其中绿色甲醇以航运需求为核 心，短期放量最快、需求弹性最强，后续还将拓展化工与储能场景，成长空间广阔；绿色乙醇以燃料应 用为主体，伴随E10乙醇汽油推广与非粮技术突破，在燃料、化工等多元场景实现稳步扩容，需求增长 稳健；绿色航空煤油（SAF）长期市场空间最大，是航空业脱碳的核心选择。 "当前受成本高、供给不足等瓶颈制约，放量节奏相对滞后，三者未来将在不同领域分别承接航运、陆 地燃料、航空的低碳替代需求，形成差异化高增长格局。"于晓明表示 ...

Core Viewpoint - The company is actively exploring and positioning itself in the fields of green methanol, green ethanol, and green aviation kerosene through a capital increase in its subsidiary Shanghai Jiayi Rongyuan Energy Chemical Co., Ltd. [1] Group 1: Capital Increase Details - The company’s board approved a capital increase for Shanghai Jiayi Rongyuan at a price of 1.00 yuan per registered capital, totaling an increase of 200 million yuan [1] - The total contribution for this capital increase amounts to 200 million yuan, with the company and its wholly-owned subsidiary Jiaye Boyang Technology Co., Ltd. contributing 172.75 million yuan and 17.25 million yuan respectively, while another shareholder, Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd., contributed 10 million yuan [1] - After the capital increase, the registered capital of Shanghai Jiayi Rongyuan will be 255 million yuan, with the company's direct ownership percentage decreasing from 95% to 88.24%, while Jiaye Boyang's ownership will increase from 0% to 6.76% [1]

格隆汇12月14日丨嘉泽新能(601619.SH)发布公告，为积极探索及布局绿色甲醇、绿色乙醇、绿色航空 煤油等业务领域，公司董事会同意控股子公司上海嘉益荣源能源化工有限公司(以下简称"上海嘉益荣 源")以1.00元/注册资本的价格进行增资，合计增加注册资本20,000万元。 本次增资各方合计出资20,000万元认缴上述新增注册资本。公司及全资子公司上海嘉泽博阳科技有限公 司(以下简称"嘉泽博阳")分别以自有资金出资17,275万元、1,725万元人民币出资，上海嘉益荣源另一股 东金元荣泰投资管理(宁夏)有限公司(以下简称"金元荣泰")以自有资金1,000万元人民币出资。 本次增资完成后，上海嘉益荣源注册资本为25,500万元，公司直接持有上海嘉益荣源股份比例由95%下 降至88.24%，公司全资子公司嘉泽博阳持有上海嘉益荣源股份比例由0%上升至6.76%，公司控股比例仍 为95%；金元荣泰持有上海嘉益荣源股份比例仍为5%。 ...

Core Insights - Ordos City is transitioning from a resource-dependent economy focused on coal to a more sustainable model emphasizing new materials and clean energy [1][4] Group 1: Industrial Development - Ordos City has a coal reserve of 2,535 billion tons and is developing the Yulin-Ordos-Ningdong modern coal chemical cluster, which is set to enter the national advanced manufacturing cluster list in 2024 [1] - The Inner Mongolia Baofeng 3 million tons of olefins project utilizes advanced technology to produce olefins, which are then transported to eastern and southern China for further processing into various products [3] - Companies like Inner Mongolia Jiutai XinYuan are shifting from selling coal by weight to selling materials by weight, indicating a move towards higher value-added products [3] Group 2: Technological Innovation - The modern coal chemical industry in Ordos is driven by innovation, with breakthroughs in key technologies and the extension of industrial chains [4][5] - A modern coal chemical innovation technology pilot base is being established in Uxin Banner with an investment of 450 million yuan, integrating top research institutions and leading enterprises [5] - Ordos City is recognized as a national model for sustainable development, showcasing the potential for traditional industries to upgrade through innovative practices [5]

Core Insights - The launch of the Zhangjiakou Green Alcohol Project marks a significant step in the development of the renewable energy industry in the Beijing-Tianjin-Hebei region under China's "dual carbon" strategy [1][3] - The project aims to establish a full industrial chain for green alcohol production, starting with hydrogen production and expanding into green ammonia and green aviation fuel [3] Group 1 - The project is a collaboration between leading domestic and international organizations, including Yihuatong, Zhongji New Energy, and the Korean Green Energy Alliance, highlighting the importance of international cooperation in green fuel development [1][3] - Zhangjiakou is positioned as a national-level renewable energy demonstration zone, leveraging its abundant wind and solar resources along with policy support to lead in zero-carbon fuel initiatives [1][3] - The project is expected to drive the transformation of Zhangjiakou from a traditional energy base to a green energy innovation hub, injecting green momentum into the coordinated development of the Beijing-Tianjin-Hebei region [3] Group 2 - The signing of cooperation agreements between Haiper and Zhongji New Energy, as well as between Zhongji New Energy and the Korean Green Energy Alliance, aims to promote joint technology research and project development in the green alcohol and green industry sectors [1][3] - The project aligns with the "14th Five-Year Plan" for renewable energy development, contributing to the establishment of a zero-carbon industrial ecosystem [1][3] - The implementation of this project is anticipated to enhance the upgrade of upstream and downstream industries such as hydrogen equipment manufacturing and green chemicals, providing solid support for achieving the "dual carbon" goals [3]

Core Viewpoint - The company is increasing its investment in its subsidiary Shanghai Jiayi Rongyuan Green Chemical Co., Ltd. to explore and develop businesses in green methanol, green ethanol, and green aviation kerosene, with a total capital increase of 49.45 million RMB [1][2]. Transaction Overview - The company will invest 49.45 million RMB in Shanghai Jiayi Rongyuan, raising its ownership from 70% to 95%, while another shareholder, Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd., will invest 1.55 million RMB, maintaining its 5% stake [1][2]. - The board of directors approved the transaction on July 14, 2025, with the related party, Mr. Chen Bo, abstaining from the vote due to his interest in the transaction [2][7]. Related Party Information - Jinyuan Rongtai is the second-largest shareholder of the company, holding 15.38% of shares and is considered a related party due to its connection with the actual controller, Mr. Chen Bo [5]. - Jinyuan Rongtai has a registered capital of approximately 1.018 billion RMB and is involved in investment management and consulting [5]. Financial Information of the Target Company - Shanghai Jiayi Rongyuan was established on May 19, 2025, with a registered capital of 4 million RMB. As of June 30, 2025, it reported total assets, liabilities, and net assets of 0, with no revenue or profit [5][6]. Pricing and Agreement Details - The capital increase is priced at 1 RMB per registered capital, and Jinyuan Rongtai has waived part of its preferential subscription rights. The transaction is deemed fair and does not harm the interests of the company or minority shareholders [6][7]. Impact on the Company - The capital increase aligns with the company's overall interests and development plans, and it will not significantly affect the company's financial status or operational capabilities [6][7]. Historical Related Transactions - Prior to this transaction, there was one related transaction with Jinyuan Rongtai in the past 12 months, amounting to 2.8 million RMB [2][3].