Core Insights - The latest price of styrene on February 10 is 7678.00 CNY per ton, with a 12.09% increase over the last 30 days and a 13.41% increase over the last 60 days [2][4] Company and Industry Summary - Relevant producers of styrene include Huajin Co., Ltd. (000059), Dongfang Shenghong (000301), Rongsheng Petrochemical (002493), Haineng Technology (300072), Sinopec (600028), Wanhua Chemical (600309), Hengli Petrochemical (600346), and Shuangliang Energy Saving (600481) [2][4] - Cyclical stocks refer to publicly listed companies that produce raw materials, where their profits are significantly affected by fluctuations in raw material prices [2][4] - Utilizing the price fluctuation data from the business community to identify buying signals for cyclical stocks before quarterly and annual reports is an important method for investing in cyclical stocks [2][4]

Core Viewpoint - The biodiesel sector experienced a decline of 1.1% on February 10, with Fengbei Bio leading the drop. The Shanghai Composite Index rose by 0.13%, while the Shenzhen Component Index increased by 0.02% [1]. Group 1: Market Performance - The closing price of Fengbei Bio was 56.75, reflecting a decrease of 3.21% [1]. - The biodiesel sector saw a net outflow of 56.84 million yuan from main funds, while retail investors contributed a net inflow of 46.01 million yuan [1]. - The trading volume for the biodiesel sector was significant, with stocks like Zhongliang Technology and Haixin Energy showing notable trading activity [1]. Group 2: Individual Stock Analysis - Zhongliang Technology closed at 6.43, down by 0.77%, with a trading volume of 217,100 shares [1]. - Fengbei Bio had a net outflow of 8.37 million yuan from main funds, while retail investors contributed a net inflow of 5.62 million yuan [2]. - The stock of Zhuoyue New Energy closed at 76.28, down by 1.56%, with a significant net outflow of 19.20 million yuan from main funds [2].

内容概况：可持续航空燃料（SAF）是一种旨在减少航空业对环境影响的新型航空燃料，中国将SAF定 义为符合可持续性标准的非化石燃料。通过使用更清洁、可再生的原料，如餐饮废弃油、动植物废油脂 等，替代传统的石油基航空燃料，以实现减少二氧化碳排放和促进航空业可持续发展的目标。2023年我 国可持续航空燃料（SAF）市场规模仅为0.09亿元，2024年国内可持续航空燃料（SAF）规模在1.64亿 元左右，预计到2031年国内可持续航空燃料（SAF）市场规模有望达到278.02亿元。 上市企业：海新能科（300072）、嘉澳环保（603822）、中石化（600028/00386）、朗坤环境 （301305） 相关企业：海新能科、君恒生物、嘉澳环保、四川天舟、海科化工、金尚环保、中石化、朗坤环境 关键词：可持续航空燃料（SAF）产量 可持续航空燃料（SAF）市场规模 可持续航空燃料（SAF）需 求 可持续航空燃料（SAF）需求量 可持续航空燃料（SAF）产业链 一、可持续航空燃料（SAF）产业概述 可持续航空燃料（SAF）是一种旨在减少航空业对环境影响的新型航空燃料，中国将SAF定义为符合可 持续性标准的非化石燃料。中国 ...

北京海新能源科技股份有限公司 北京海新能源科技股份有限公司 违规经营投资责任追究实施办法 第一章 总则 第一条 为健全完善北京海新能源科技股份有限公司（以下简称公司）违 规经营投资责任追究制度，规范国有企业经营投资行为，防止国有资产流失， 实现国有资本保值增值，根据《中华人民共和国公司法》、《中华人民共和国 企业国有资产法》、《企业国有资产监督管理暂行条例》、《国务院办公厅关 于建立国有企业违规投资责任追究制度的意见》、《中央企业违规经营投资责 任追究实施办法（试行）》、《北京市国有企业违规经营投资责任追究实施办 法（试行）》（京政字〔2022〕25 号）、《海淀区区属国有企业违规经营投资 责任追究实施办法》以及上级单位《违规经营投资责任追究实施办法》等法律 法规、监管文件，制定本办法。 第二条 本办法适用于公司及下属企业（包括全资、控股、实际控制及参 照以上企业进行管理的企业）的违规经营投资责任追究工作。 第三条 本办法所称违规经营投资责任追究（以下简称责任追究）是指公 司及下属企业相关人员违反国家法律法规、国有资产监管规章制度和公司及下 属企业内部管理规定，未履行或未正确履行职责，或者企业内部控制存在重大 ...

北京海新能源科技股份有限公司 证券代码：300072 证券简称：海新能科 公告编号：2026-004 北京海新能源科技股份有限公司 关于向北京市海淀区国有资产投资集团有限公司申请财务 资助延期暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 北京海新能源科技股份有限公司（以下简称"公司"）于2026年02月06日召开 了第六届董事会第三十二次会议，以6票同意、0票反对、0票弃权的表决结果审 议通过了《关于向北京市海淀区国有资产投资集团有限公司申请财务资助延期暨 关联交易的议案》，关联董事祝贺先生、司徒智博先生、闫菲女士对该议案回避 表决。该项议案提交董事会审议前，已经公司2026年第一次独立董事专门会议以 3票同意、0票反对、0票弃权的表决结果审议通过。现就本次关联交易的具体情 况公告如下： 一、关联交易概述 1、公司于2021年02月10日召开了第五届董事会第十一次会议，审议通过《关 于公司接受北京市海淀区国有资产投资集团有限公司财务资助暨关联交易的议 案》，同意公司接受北京市海淀区国有资产投资集团有限公司（以下简称"海国 投集团"）不超过人 ...

技股份有限公司 北京海新能源科 证券代码：300072 证券简称：海新能科 公告编号：2026-005 北京海新能源科技股份有限公司 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第2号—创业板上市公司规范运作》 等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026年02月25日14:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2026年02月 25日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体 时间为2026年02月25日9:15至15:00的任意时间。 关于召开 2026 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 一、召开会议的基本情况 1、股东会届次：2026年第一次临时股东会 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2026年02月11日 ...

北京海新能源科技股份有限公司 证券代码：300072 证券简称：海新能科 公告编号：2026-003 北京海新能源科技股份有限公司 第六届董事会第三十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、审议通过《关于向北京市海淀区国有资产投资集团有限公司申请财务资 助延期暨关联交易的议案》 为促进公司业务发展，满足公司经营发展的资金需求，同意公司向北京市海 淀区国有资产投资集团有限公司（以下简称"海国投集团"）申请将8.8亿元财 务资助额度到期日由2026年03月01日延长至2027年03月01日；将15亿元财务资助 到期日由2026年05月14日延长至2027年05月14日。同意将上述财务资助额度下存 量借款及原到期日前预计发生的借款同步按上述日期延期，延期期间年利率为 5.0%（最终财务资助延期相关内容以签署协议为准。）。 海国投集团为公司持股5%以上股东的控股股东，其通过北京市海淀区国有 资产投资经营有限公司（海国投集团全资子公司，以下简称"海国投"）间接持 有公司股份134,908,721股，占公司总股本的5.74%。根据《深圳证券交 ...

Core Viewpoint - Company is focusing on the development of bioenergy and catalytic purification materials, with a core emphasis on high-value utilization of waste oils, particularly in the production of hydrocarbon-based biodiesel (HVO) and sustainable aviation fuel (SAF) [2][3] Group 1: Company Performance and Strategy - As of January 30, 2026, the company's stock closed at 4.75 yuan, down 6.86%, with a turnover rate of 4.7% and a trading volume of 1.0951 million shares, amounting to a transaction value of 528 million yuan [1] - The company has begun large-scale stable production and sales of SAF products since October 2025, indicating a strategic move towards expanding its bioenergy segment [2] - The company plans to accelerate the divestment of low-efficiency assets and focus on strengthening its core bioenergy business while maintaining a meticulous approach in the catalytic purification sector [3] Group 2: Production and Capacity - The company’s subsidiary, Shandong Sanju Biodiesel (HVO), is currently operating at a high production load, indicating strong operational performance [2][3] - A planned maintenance and catalyst replacement for the Shandong aviation fuel project in 2026 is part of the annual production schedule and is not expected to impact overall production capacity for the year [4] Group 3: Financial Outlook and Market Position - The company is actively working on the disposal of its subsidiary Sichuan Xinda, which is expected to incur losses in 2025, as part of its strategy to focus on the bioenergy main business [3] - Recent trading data shows a net outflow of 85.0646 million yuan from major funds, while retail and speculative funds experienced net inflows of 45.593 million yuan and 39.4716 million yuan, respectively, reflecting mixed market sentiment [5]

Investment Rating - The industry is rated as "Outperform the Market - A" [4] Core Insights - The price increase of dyes has been realized, and attention should be paid to changes in the SAF (Sustainable Aviation Fuel) industry chain [1][12] - The supply of key intermediate H acid is under pressure due to environmental and safety production constraints, leading to a significant cost increase for active dyes [2][3] - The industry is experiencing a dual transformation in cost and market structure, with a focus on the concentration of market share among leading companies due to stricter environmental regulations [10][9] Summary by Sections Key Intermediate Supply and Price Dynamics - H acid, essential for producing active dyes, faces supply constraints due to environmental pressures and production incidents, leading to a projected price increase that could raise active dye production costs significantly [2][3] - The effective capacity of H acid is currently below 60,000 tons, with a potential reduction of over 25% due to maintenance shutdowns, reinforcing cost support expectations for active dyes [2] Market Structure and Environmental Regulations - The dye industry is undergoing a consolidation phase, with many non-compliant small manufacturers exiting the market, leading to a more oligopolistic structure [3][10] - The active dye market's CR4 (concentration ratio) is 64.91%, while the dispersed dye market's CR4 is 70.69%, indicating a significant level of market concentration [10] Investment Opportunities - Companies to watch include Runtao Co., Zhejiang Longsheng, Jinji Co., Jihua Group, Yabang Co., Annuoqi, Fulei Ant, Wanfeng Co., and Haixiang Pharmaceutical, which are positioned to benefit from the evolving market dynamics [11] - The SAF sector is also highlighted for potential growth, with expected increases in demand driven by regulatory changes and market dynamics [12][14]

Group 1 - The company is advancing the disposal of low-efficiency assets, specifically focusing on the Sichuan Xinda project [1] - The company aims to concentrate on its core business in bioenergy [1]