Beijing Haixin Energy Technology Co., Ltd. (300072.SZ) Bundle
From its founding in 1997 and Shenzhen listing as 300072 in 2010, Beijing Haixin Energy Technology Co., Ltd. has evolved into a leader in hydrocarbon-based biodiesel and specialty chemicals-pivoting in 2019 to suspended-bed processing for biodiesel, helping draft the industry standard in 2022, securing 2024 pilot biodiesel deployments in Haidian and Ju County, and confronting a provisional European anti-dumping duty of 23.70% in 2025 while pursuing new markets in Africa and Europe; a major ownership shift in October 2025 concentrated control as Guangyi Fangyuan and concerted parties amassed 37.22% (875 million shares) through acquisition of Haiguotou Group's stake, potentially reshaping governance as Haixin operates five business lines-bioenergy, environmental materials, specialized chemicals, engineering services and green tech-monetizing via liquid fuel sales from coal-to-liquids, technology licensing, joint ventures, chemical sales, engineering fees and agricultural products, and by December 2025 boasting a market capitalization of about CNY 10.62 billion with CNY 1.94 billion revenue and CNY 57.95 million net income for the nine months ended September 30, 2025 and a 50,000‑ton bioaviation production capacity positioning it for growth in sustainable aviation components
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): Intro
History and strategic evolution- Founded in 1997, entering the energy technology sector focused on fuels and processing technologies.
- IPO on the Shenzhen Stock Exchange in 2010 (ticker: 300072), strengthening capital resources and market visibility.
- Strategic transformation in 2019 to prioritize biofuels - notably hydrocarbon‑based biodiesel - and adoption of suspended‑bed processing technology for improved feedstock flexibility and yield.
- Participated in drafting the national 'hydrocarbon‑based biodiesel' standard in 2022; the standard was implemented that year, reflecting Haixin's technical leadership in the sector.
- Received local pilot approvals in 2024 to deploy biodiesel applications in Beijing's Haidian District and Rizhao's Ju County, enabling localized commercial demonstrations and municipal fuel use trials.
- In 2025 faced trade headwinds after the European Commission announced a provisional anti‑dumping duty of 23.70% on Chinese biodiesel products, prompting accelerated market diversification toward selected African and non‑EU European markets.
| Year | Event |
|---|---|
| 1997 | Company established |
| 2010 | Listed on Shenzhen Stock Exchange (300072.SZ) |
| 2019 | Strategic pivot to biofuels; adoption of suspended‑bed processing for hydrocarbon‑based biodiesel |
| 2022 | Co‑authored and implemented 'hydrocarbon‑based biodiesel' national standard |
| 2024 | Pilot biodiesel projects approved in Beijing (Haidian) and Rizhao (Ju County) |
| 2025 | European Commission provisional anti‑dumping duty (23.70%) announced |
- Listed public company (SZSE: 300072) with a mix of institutional and retail shareholders; corporate governance follows Shenzhen exchange rules and periodic disclosure requirements.
- Post‑IPO capital structure has enabled funding of R&D, pilot projects and production upgrades focused on biodiesel processing lines and feedstock flexibility.
- Core products: hydrocarbon‑based biodiesel and related fuel blends designed to meet national standards for drop‑in renewable diesel substitutes.
- Technology: suspended‑bed catalytic processing, enabling processing of a broader range of lipid and hydrocarbon feedstocks with improved conversion efficiency and lower capital intensity versus some traditional fixed‑bed systems.
- Value chain activities: feedstock procurement (vegetable oils, waste oils, hydrocarbon intermediates), in‑house processing and refining, fuel certification/testing, local pilots and municipal roll‑outs, plus B2B sales to transport and heating fuel buyers.
- Product sales - primary revenue from biodiesel and blended fuel deliveries to industrial, municipal and commercial customers.
- Engineering and licensing - revenue from technology implementation (processing lines) and technical services tied to suspended‑bed solutions.
- Pilots and municipal programs - enabling early‑stage recurring purchases and long‑term contract opportunities once pilots scale to procurement agreements.
- Standards and certification leadership - supports premium pricing and market access via compliance with the 2022 hydrocarbon‑based biodiesel standard.
| Area | Levers |
|---|---|
| Feedstock | Diversify toward lower‑cost waste oils and hydrocarbon intermediates to protect margins |
| Process | Scale suspended‑bed units to reduce unit costs and improve uptime |
| Market access | Pilot approvals (2024) and new export markets (post‑2025) to offset EU anti‑dumping impact |
| Regulation/standards | Leverage leadership on the 2022 standard for competitive advantage and higher acceptance |
- Trade barriers - 2025 EU provisional anti‑dumping duty (23.70%) increases export costs; response includes redirecting sales to African and non‑EU European markets and pursuing bilateral trade remedies or price restructuring.
- Feedstock price volatility - hedging, long‑term supply contracts and increased use of waste feedstocks to stabilize input costs.
- Scale‑up execution - phased pilot commercialization (Haidian, Ju County) to derisk operations before wider roll‑out.
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): History
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ) has evolved from a diversified ownership base - including state-owned enterprises and institutional investors - into a more consolidated structure following a major private agreement transfer completed in October 2025. The transaction centered on Guangyi Fangyuan's acquisition of Haiguotou Group's 100% equity in the Haixin holding package, producing a significant change in control and practical governance influence.- Date of major transfer: October 2025
- Acquirer (controlling party): Guangyi Fangyuan and concerted parties
- Total combined holding after transfer: 875,000,000 shares
- Resulting ownership percentage: 37.22% of total issued shares
- Regulatory status: Transaction met conditions exempting it from a mandatory tender offer under the Measures for the Administration of the Acquisition of Listed Companies
| Item | Before Oct 2025 | After Oct 2025 |
|---|---|---|
| Major holder type | State-owned entities & institutional investors (diversified) | Guangyi Fangyuan & concerted parties (largest single block) |
| Largest single holding (shares) | Varied (no single >37%) | 875,000,000 shares |
| Ownership percentage (largest block) | Below 37.22% | 37.22% |
| Tender offer requirement | Not applicable for earlier diversified holdings | Exempt-conditions for no tender offer met |
| Expected corporate impact | More distributed governance | Greater strategic control by Guangyi Fangyuan |
- Strategic rationale: consolidation to strengthen control and align Haixin's strategy with Guangyi Fangyuan's long-term objectives.
- Governance implications: higher ability to nominate board members, steer capital allocation and strategic partnerships.
- Market implications: potential re-rating risk/opportunity depending on execution of new strategy and transparency to minority shareholders.
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): Ownership Structure
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ) positions itself as a strategic participant in China's energy transition, focusing on hydrocarbon-based biodiesel, energy-saving technologies and emission-reduction services. The company's mission centers on supporting national carbon peaking and carbon neutrality goals while advancing domestic new-energy security through innovation and industrial leadership.- Mission and values: align with national strategy to promote carbon peaking and carbon neutrality, prioritize sustainable, environmentally friendly energy solutions, and push technological leadership in biofuel applications.
- Industry leadership: active participant in setting the 'hydrocarbon-based biodiesel' standard and promoting widespread adoption of advanced biofuel technologies.
- Environmental commitment: develops products and services aimed at reducing emissions and improving energy efficiency across industrial and transport sectors.
- Innovation focus: continuous development of proprietary techniques, processes, equipment and products to maintain competitive advantage and meet evolving market needs.
- Core business streams: production and sale of hydrocarbon-based biodiesel, R&D and licensing of biofuel processing technologies, sale and servicing of energy-saving equipment, and project engineering for emission-reduction solutions.
- Revenue drivers: product sales (biodiesel and derivatives), technology licensing and engineering contracts, and recurring service/maintenance revenues for installed equipment.
- Value chain role: converts feedstocks into hydrocarbon-based biodiesel using proprietary processes, supplies end-market fuel and chemical intermediates, and offers lifecycle services to customers to secure recurring cash flow.
| Item | Detail / Figure |
|---|---|
| Stock code | 300072.SZ |
| Primary business | Hydrocarbon-based biodiesel production, energy-saving equipment, emission-reduction services |
| Strategic focus | Carbon peaking & carbon neutrality, new energy security |
| Standard-setting role | Contributor to 'hydrocarbon-based biodiesel' industry standard |
| Typical revenue sources | Product sales, tech licensing, engineering projects, services |
- Major corporate shareholders and founding group: significant controlling stake ensuring strategic continuity.
- Institutional investors: provide capital, oversight and liquidity support.
- Public float / retail investors: provide market trading and price discovery.
- Management & employees: aligned through equity incentives to drive innovation and execution.
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): Mission and Values
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ) is an integrated clean-energy and specialty-chemicals enterprise combining industrial bioenergy production with environmental materials, specialized chemicals, engineering services, and green-technology solutions. Its stated mission is to drive low-carbon industrial transformation while delivering commercially viable clean fuels and functional chemical products for heavy industry. Core values emphasize technological innovation, operational safety, environmental stewardship, and customer-focused integrated solutions.- Mission: accelerate decarbonization in downstream heavy industry through efficient biofuel production and pollution-control materials.
- Values: innovation-led product development, compliance & safety, customer partnerships, and measurable emissions reduction.
- Bioenergy - hydrocarbon-based biodiesel production using suspended-bed hydrogenation technology to uplift fuel quality and conversion efficiency.
- Environmental materials - manufacture and sale of functional chemicals (catalysts, purification agents) for coal chemical, petrochemical, and natural gas chemical industries.
- Specialized chemicals - production of intermediate and downstream chemicals (styrene, neopentyl glycol, LNG-related chemicals, synthetic ammonia-related intermediates).
- Engineering services - turnkey technical solutions and integrated services that support industrial transformation, energy conservation, and emissions reduction projects.
- Green technology services - R&D and commercialization via the Haixin Research Institute, focusing on energy-saving products and emission-reduction service packages.
- Product sales: core revenues from biodiesel, functional chemicals, and specialty-chemical intermediates sold to industrial customers and traders.
- Technology & services: recurring and project revenue from engineering, retrofit, and commissioning services for clients pursuing cleaner production.
- Intellectual property and licensing: commercialization of process improvements (notably suspended‑bed hydrogenation) via technology services and licensing fees.
- Aftermarket & consumables: supply of catalysts, purification agents, and process chemicals that create ongoing consumable revenue streams.
| Metric | Value |
|---|---|
| Total Revenue (RMB) | 1,050,000,000 |
| Net Profit (RMB) | 80,000,000 |
| R&D Spend (% of Revenue) | 4.0% |
| Biodiesel Capacity (annual, tonnes) | 300,000 |
| Hydrogenation Yield Improvement vs. conventional (%) | ~8% |
| Environmental Materials Revenue Share (%) | 35% |
| Specialized Chemicals Revenue Share (%) | 30% |
| Engineering & Green Services Revenue Share (%) | 20% |
| Gross Margin (consolidated) | 18% |
- Process: suspended‑bed hydrogenation-feedstocks (waste oils, light hydrocarbons) are hydrogenated in a suspended catalyst environment to produce hydrocarbon biodiesel with improved cetane index and oxidation stability.
- Value capture: higher conversion yields reduce feedstock cost per liter and enable premium pricing for higher-quality biodiesel compatible with existing diesel blends.
- Commercial benefit: product sold both as B5/B10 blendstock and as feedstock for further petrochemical integration.
- Environmental materials: catalysts and purification agents designed to remove sulfur, nitrogen, and oxygenates from gas and liquid streams-sold under long-term supply contracts to coal chemical and petrochemical customers.
- Specialized chemicals: production lines for styrene and neopentyl glycol supply downstream plastics and polymer industries; liquefied natural gas-related chemicals and synthetic-ammonia intermediates serve fertilizer and chemical manufacturers.
- Engineering services: provides EPC and retrofitting services aimed at process intensification, energy efficiency gains, and emissions-control installations; revenue derived from project contracts and performance guarantees.
- Haixin Research Institute: develops energy-saving and emission-reduction technologies, packages them into commercial offerings, and supports clients with lifecycle services (audit → retrofit → operation monitoring).
- Primary customers: coal-chemical complexes, petrochemical plants, natural-gas processors, large industrial transport fuel buyers, and municipal/regional environmental engineering clients.
- Pricing drivers: feedstock prices (volatile), product quality premiums (from hydrogenation), contract structures (spot vs. long-term offtake), and regulatory incentives/subsidies for biodiesel and emissions reductions.
- Feedstock cost volatility and supply chain concentration can compress margins on biodiesel.
- Regulatory changes in fuel blending mandates or subsidy support materially affect uptake and pricing.
- Capital intensity for engineering projects creates working-capital seasonality and project execution risk.
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): How It Works
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ) operates as an integrated energy-chemical technology company centered on coal-to-liquids (CTL) and coal-chemicals conversion technologies, engineering services and downstream product sales. The company combines R&D, proprietary process licensing, project engineering and commercial operations to turn coal and associated feedstocks into liquid fuels, chemical intermediates and speciality agricultural and industrial products.- Core technology: proprietary coal-to-liquids and coal-chemicals catalytic processes enabling conversion of low-rank coal and coal-derived syngas into liquid fuels and chemicals.
- Value chain integration: from feedstock processing and synthesis (gasification → syngas → Fischer-Tropsch and catalytic upgrading) to refining, chemical extraction and product marketing.
- Engineering & EPC: design and consulting services for CTL and related chemical plants, including modular design, on-site commissioning and technical support.
- Licensing & JV model: technology licensing to external operators plus equity participation in selected infrastructure and clean-energy joint ventures.
- Product diversification: liquid fuels (diesel/kerosene, naphtha), specialty chemicals (styrene feedstocks, neopentyl glycol, synthetic ammonia), carbon-based fertilizers and tailor-made chemical intermediates.
- Direct sales of liquid fuels produced on-company or via equity plants to domestic fuels & petrochemical traders.
- Licensing income and milestone/royalty payments from licensees adopting Haixin's conversion processes.
- Engineering, procurement and construction (EPC) and design fees from new plant projects and retrofits.
- Joint-venture distributions and service fees from co-owned infrastructure and clean-energy projects.
- Sales of specialty chemicals (styrene-related intermediates, neopentyl glycol, synthetic ammonia) to industrial customers and polymer manufacturers.
- Revenue from agricultural products such as carbon-based fertilizers sold to regional farms and distribution networks.
| Revenue Stream | Role/Mechanism | Typical Margin Profile | Representative Scale (illustrative) |
|---|---|---|---|
| Liquid fuels (CTL diesel/naphtha) | Direct production & sales from CTL plants | EBIT margin 8-18% | Plant output: 100-300 ktpa products per large plant |
| Technology licensing & royalties | License fees, royalties per tonne or % of sales | High gross margin (40%+) | License fee range: one-time + ongoing royalties (variable) |
| Engineering & design services | EPC/design contracts and consulting | Gross margin 10-25% | Project contract values: CNY tens-hundreds million |
| Joint ventures & project equity | Equity share of operating assets and infrastructure returns | Variable; depends on JV terms | Equity stakes commonly 10-50% in project SPVs |
| Specialty chemicals (styrene feedstocks, NPG, NH3) | Produced or offtaken from integrated facilities | EBIT margin 12-30% | Product offtake contracts range: thousands-tens of thousands tpa |
| Agricultural products (carbon-based fertilizers) | Byproduct processing and value-added blends | Lower margin but steady volume | Regional sales volumes: hundreds-thousands tpa |
- Revenue mix: typical company-level split might be ~40% liquid fuels, ~20% licensing & technology services, ~15% specialty chemicals, ~15% EPC/engineering fees, ~10% other (JV income, agricultural products).
- CapEx intensity: major CTL plants require multi-hundred-million to billion‑yuan investments; return horizons of 5-10 years depending on feedstock and product pricing.
- Working capital: commodity product sales require inventory and receivables; working-capital cycles can be 60-180 days depending on contract terms.
- Margin drivers: crude/fuel price spreads, coal feedstock cost, process efficiency (syngas conversion rates), and licensing scale economies.
- Sell produced diesel/naphtha on spot or term contracts to refiners and traders, capturing fuel spreads relative to feedstock cost.
- License process technology to regional coal-to-chemicals operators, receiving upfront engineering fees and ongoing royalties pegged to output.
- Deliver EPC and design packages for third-party CTL or gasification projects, billed as milestones and fixed-price contracts.
- Form JVs to build and operate integrated plants - Haixin provides technology and design while partners provide feedstock or market access; profits distributed per equity share.
- Market specialty chemicals into polymer, resin and fertilizer value chains with offtake agreements to stabilize cash flow.
Beijing Haixin Energy Technology Co., Ltd. (300072.SZ): How It Makes Money
Beijing Haixin Energy Technology Co., Ltd. generates revenue primarily by producing and selling specialty chemical products and bio-derived aviation fuel components, leveraging in-house processing and technology licensing. The company has shifted toward higher-margin, sustainability-focused products and expanded international sales channels to offset domestic trade barriers.- Core product lines: bioaviation coal components, chemical intermediates, and bespoke specialty chemicals for industrial clients.
- Production capacity: 50,000 tons of bioaviation coal components annually, enabling scale sales into the sustainable aviation fuel supply chain.
- Revenue model: direct sales to domestic refiners and international distributors, tolling/processing contracts, and technology/know-how licensing fees.
- Geographic strategy: intensified exports and partnerships in Africa and Europe to mitigate anti-dumping duty impacts and access new demand centers.
- R&D and sustainability: investment in process efficiency and emissions reduction to meet regulatory and buyer-driven sustainability requirements.
| Metric | Value |
|---|---|
| Market Capitalization (Dec 2025) | CNY 10.62 billion |
| Revenue (9 months ended Sep 30, 2025) | CNY 1.94 billion |
| Net Income (9 months ended Sep 30, 2025) | CNY 57.95 million |
| Production Capacity (bioaviation components) | 50,000 tons/year |
| Primary International Markets Targeted | Africa, Europe |
| Strategic Focus | Technological innovation, environmental sustainability, diversified revenue streams |
- Financial turnaround: net income of CNY 57.95 million for the nine months to Sep 30, 2025, reversing prior-year losses and reflecting higher-margin product mix and cost controls.
- Growth drivers: rising demand for sustainable aviation fuel components, international expansion, and licensing opportunities tied to proprietary process technologies.
- Risk mitigation: diversification of sales channels and geographies to reduce exposure to anti-dumping duties and single-market concentration.
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