770 lines
38 KiB
HTML
770 lines
38 KiB
HTML
|
||
<!DOCTYPE html>
|
||
<html lang="zh-CN">
|
||
<head>
|
||
<meta charset="utf-8" />
|
||
<meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no">
|
||
<title>生物柴油SAF概念分析</title>
|
||
<link href="https://fonts.googleapis.com/css?family=Inter:300,400,500,600,700,800" rel="stylesheet" />
|
||
<link href="https://cdn.jsdelivr.net/npm/tailwindcss@2.2.19/dist/tailwind.min.css" rel="stylesheet">
|
||
<link href="https://cdn.jsdelivr.net/npm/daisyui@5" rel="stylesheet" type="text/css" />
|
||
<link href="https://cdn.jsdelivr.net/npm/daisyui@5/themes.css" rel="stylesheet" type="text/css" />
|
||
<script src="https://cdn.jsdelivr.net/npm/@tailwindcss/browser@4"></script>
|
||
<script src="https://kit.fontawesome.com/1d2b6c4f81.js" crossorigin="anonymous"></script>
|
||
<script src="https://cdn.jsdelivr.net/npm/tsparticles@3/tsparticles.bundle.min.js"></script>
|
||
<style>
|
||
@import url('https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
|
||
body {
|
||
font-family: 'Noto Sans SC', 'Inter', sans-serif;
|
||
}
|
||
.timeline-dot {
|
||
position: relative;
|
||
}
|
||
.timeline-dot::before {
|
||
content: '';
|
||
position: absolute;
|
||
width: 12px;
|
||
height: 12px;
|
||
border-radius: 50%;
|
||
background-color: #10b981;
|
||
left: -6px;
|
||
top: 6px;
|
||
}
|
||
.timeline-line {
|
||
position: absolute;
|
||
width: 2px;
|
||
background-color: #e5e7eb;
|
||
left: 0;
|
||
top: 0;
|
||
bottom: 0;
|
||
}
|
||
.gradient-bg {
|
||
background: linear-gradient(135deg, #f0fdf4 0%, #dcfce7 100%);
|
||
}
|
||
.card-hover {
|
||
transition: all 0.3s ease;
|
||
}
|
||
.card-hover:hover {
|
||
transform: translateY(-5px);
|
||
box-shadow: 0 10px 25px -5px rgba(0, 0, 0, 0.1), 0 10px 10px -5px rgba(0, 0, 0, 0.04);
|
||
}
|
||
#tsparticles {
|
||
position: fixed;
|
||
width: 100%;
|
||
height: 100%;
|
||
top: 0;
|
||
left: 0;
|
||
z-index: -1;
|
||
opacity: 0.4;
|
||
}
|
||
</style>
|
||
</head>
|
||
<body class="gradient-bg min-h-screen">
|
||
<div id="tsparticles"></div>
|
||
|
||
<div class="container mx-auto px-4 py-8 max-w-6xl">
|
||
<!-- 标题部分 -->
|
||
<div class="text-center mb-12">
|
||
<h1 class="text-4xl md:text-5xl font-bold text-gray-800 mb-4">生物柴油SAF概念分析</h1>
|
||
<p class="text-lg text-gray-600 max-w-3xl mx-auto">可持续航空燃料（SAF）是航空业减碳的核心技术路径，通过废弃油脂（UCO）等原料经HEFA工艺生产，可替代传统航空煤油</p>
|
||
<div class="mt-6 flex justify-center">
|
||
<span class="inline-flex items-center px-4 py-2 bg-green-100 text-green-800 rounded-full text-sm font-medium">
|
||
<i class="fas fa-leaf mr-2"></i> 绿色能源 · 政策驱动 · 产业爆发前夜
|
||
</span>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 概念事件和时间轴 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-calendar-alt text-green-600 mr-3"></i> 概念事件与时间轴
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-3">催化事件</h3>
|
||
<ul class="space-y-3">
|
||
<li class="flex items-start">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-green-100 text-green-800 text-xs font-bold mr-2 flex-shrink-0">1</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">2025年1月1日</p>
|
||
<p class="text-gray-600 text-sm">欧盟强制要求机场航空燃料掺混2% SAF，2030年提升至6%，2050年达70%</p>
|
||
</div>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-green-100 text-green-800 text-xs font-bold mr-2 flex-shrink-0">2</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">2024年12月</p>
|
||
<p class="text-gray-600 text-sm">中国取消UCO出口退税（原退税率13%），推动原料留在国内加工SAF</p>
|
||
</div>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-green-100 text-green-800 text-xs font-bold mr-2 flex-shrink-0">3</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">2025年3月</p>
|
||
<p class="text-gray-600 text-sm">中国民航局启动第二阶段SAF试点，北京大兴等机场航班常态化加注1% SAF</p>
|
||
</div>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-green-100 text-green-800 text-xs font-bold mr-2 flex-shrink-0">4</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">2025年6月</p>
|
||
<p class="text-gray-600 text-sm">欧洲SAF价格突破2230美元/吨（年初仅1888美元），供需缺口显现</p>
|
||
</div>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-3">时间轴</h3>
|
||
<div class="relative pl-6">
|
||
<div class="timeline-line"></div>
|
||
<div class="space-y-6">
|
||
<div class="timeline-dot">
|
||
<p class="font-medium text-gray-800">2024Q4</p>
|
||
<p class="text-gray-600 text-sm">Neste鹿特丹工厂火灾导致欧洲SAF供应短缺，价格跳涨</p>
|
||
</div>
|
||
<div class="timeline-dot">
|
||
<p class="font-medium text-gray-800">2025H1</p>
|
||
<p class="text-gray-600 text-sm">中国嘉澳环保50万吨SAF项目投产并出口，海新能科、鹏鹞环保等跟进</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 核心观点摘要 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-lightbulb text-yellow-500 mr-3"></i> 核心观点摘要
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
|
||
<div class="bg-green-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-green-800 mb-3">阶段判断</h3>
|
||
<p class="text-gray-700">SAF处于<strong class="text-green-700">政策驱动爆发前夜</strong>，2025年欧盟强制掺混将触发全球需求拐点，中国凭借UCO资源优势有望成为全球核心供应方。</p>
|
||
</div>
|
||
|
||
<div class="bg-yellow-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-yellow-800 mb-3">核心矛盾</h3>
|
||
<p class="text-gray-700">短期<strong class="text-yellow-700">供需缺口</strong>（欧洲2025年需求160万吨 vs 全球产能不足）与长期<strong class="text-yellow-700">技术-成本瓶颈</strong>（HEFA收率仅60-70%，PtL尚未商业化）。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 核心逻辑与市场认知分析 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-chart-line text-blue-600 mr-3"></i> 核心逻辑与市场认知分析
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">核心驱动力</h3>
|
||
<div class="space-y-4">
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-blue-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">政策刚性</h4>
|
||
<p class="text-gray-600 text-sm mt-1">欧盟ReFuelEU、英国Jet Zero、中国"十四五"规划均设定明确掺混比例，2025年欧盟2%掺混对应140万吨需求（当前全球产量仅100万吨）。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-blue-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">原料壁垒</h4>
|
||
<p class="text-gray-600 text-sm mt-1">中国UCO年产量约1000万吨（占全球30%），但出口占比70%（2024年278万吨），退税取消后转向国内深加工，成本优势显著（UCO制SAF成本比菜籽油低30%）。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-blue-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">技术成熟度</h4>
|
||
<p class="text-gray-600 text-sm mt-1">HEFA工艺已商业化（嘉澳环保收率75%），但收率天花板（海外90% vs 国内60-70%）和催化剂寿命（国内6-12个月 vs 海外2年）仍是瓶颈。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">市场热度与预期差</h3>
|
||
<div class="bg-gray-50 rounded-lg p-4 mb-4">
|
||
<h4 class="font-medium text-gray-800 mb-2">市场热度与情绪</h4>
|
||
<ul class="text-gray-600 text-sm space-y-1">
|
||
<li>• <strong>研报密集度</strong>：2024年12月-2025年6月，中信证券、开源证券等发布12篇深度报告，一致看好2025年需求爆发</li>
|
||
<li>• <strong>股价反应</strong>：2024年11月28日板块集体涨停（嘉澳环保+10%、鹏鹞环保+20%），反映市场对政策落地的乐观预期</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-red-50 rounded-lg p-4">
|
||
<h4 class="font-medium text-red-800 mb-2">预期差分析</h4>
|
||
<ul class="text-gray-600 text-sm space-y-1">
|
||
<li>• <strong>市场共识</strong>：2025年欧盟需求160万吨，中国产能快速释放</li>
|
||
<li>• <strong>忽略点</strong>：原料争夺（UCO价格已从2024年低点5700元/吨涨至7300元/吨，涨幅28%）</li>
|
||
<li>• <strong>认证门槛</strong>：仅嘉澳环保、海新能科、鹏鹞环保3家通过民航局适航认证</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关键催化剂与未来发展路径 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-rocket text-purple-600 mr-3"></i> 关键催化剂与未来发展路径
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">近期催化剂（3-6个月）</h3>
|
||
<div class="space-y-3">
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-purple-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">2025Q3中国SAF第三阶段试点</h4>
|
||
<p class="text-gray-600 text-sm mt-1">全国省会机场强制掺混1-2%，释放10-20万吨需求</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-purple-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">欧盟补贴细则落地</h4>
|
||
<p class="text-gray-600 text-sm mt-1">6月提出的13亿欧元补贴（0.5欧元/升）将刺激航空公司采购，推动价格维持2000美元/吨以上</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="flex items-start">
|
||
<div class="flex-shrink-0 mt-1">
|
||
<div class="w-3 h-3 rounded-full bg-purple-500"></div>
|
||
</div>
|
||
<div class="ml-3">
|
||
<h4 class="font-medium text-gray-800">美国IRA法案延期</h4>
|
||
<p class="text-gray-600 text-sm mt-1">若2025年补贴延续，中国UCO转口美国（2024年出口100万吨）可能分流欧洲供应</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">长期路径</h3>
|
||
<div class="space-y-4">
|
||
<div class="bg-gradient-to-r from-purple-50 to-indigo-50 rounded-lg p-4">
|
||
<h4 class="font-medium text-purple-800">2025-2027年</h4>
|
||
<p class="text-gray-600 text-sm mt-1">HEFA产能扩张期（中国新增200万吨），技术差距缩小（收率提升至75%）</p>
|
||
</div>
|
||
|
||
<div class="bg-gradient-to-r from-indigo-50 to-blue-50 rounded-lg p-4">
|
||
<h4 class="font-medium text-indigo-800">2028-2030年</h4>
|
||
<p class="text-gray-600 text-sm mt-1">PtL技术突破（成本降至3美元/升），欧盟2030年6%掺混需求达600万吨</p>
|
||
</div>
|
||
|
||
<div class="bg-gradient-to-r from-blue-50 to-cyan-50 rounded-lg p-4">
|
||
<h4 class="font-medium text-blue-800">2030年后</h4>
|
||
<p class="text-gray-600 text-sm mt-1">全球SAF需求1800万吨，中国凭借UCO资源占据30%市场份额（约500万吨）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 产业链与核心公司分析 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-sitemap text-indigo-600 mr-3"></i> 产业链与核心公司分析
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">产业链图谱</h3>
|
||
<div class="bg-indigo-50 rounded-lg p-5">
|
||
<div class="flex items-center justify-between mb-4">
|
||
<div class="text-center">
|
||
<div class="w-16 h-16 rounded-full bg-indigo-100 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-recycle text-indigo-600 text-xl"></i>
|
||
</div>
|
||
<p class="text-sm font-medium text-gray-800">上游</p>
|
||
<p class="text-xs text-gray-600">UCO收集与预处理</p>
|
||
</div>
|
||
|
||
<div class="flex-1 flex justify-center">
|
||
<i class="fas fa-arrow-right text-indigo-400"></i>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<div class="w-16 h-16 rounded-full bg-indigo-100 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-industry text-indigo-600 text-xl"></i>
|
||
</div>
|
||
<p class="text-sm font-medium text-gray-800">中游</p>
|
||
<p class="text-xs text-gray-600">SAF生产</p>
|
||
</div>
|
||
|
||
<div class="flex-1 flex justify-center">
|
||
<i class="fas fa-arrow-right text-indigo-400"></i>
|
||
</div>
|
||
|
||
<div class="text-center">
|
||
<div class="w-16 h-16 rounded-full bg-indigo-100 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-plane text-indigo-600 text-xl"></i>
|
||
</div>
|
||
<p class="text-sm font-medium text-gray-800">下游</p>
|
||
<p class="text-xs text-gray-600">航空燃料加注</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-4 space-y-2">
|
||
<div class="flex items-center">
|
||
<span class="inline-block w-3 h-3 rounded-full bg-indigo-500 mr-2"></span>
|
||
<span class="text-sm text-gray-700">上游：UCO收集（山高环能、朗坤环境）→ 预处理（嘉澳环保自建装置）</span>
|
||
</div>
|
||
<div class="flex items-center">
|
||
<span class="inline-block w-3 h-3 rounded-full bg-indigo-500 mr-2"></span>
|
||
<span class="text-sm text-gray-700">中游：SAF生产（嘉澳环保50万吨、海新能科19万吨、鹏鹞环保10万吨）</span>
|
||
</div>
|
||
<div class="flex items-center">
|
||
<span class="inline-block w-3 h-3 rounded-full bg-indigo-500 mr-2"></span>
|
||
<span class="text-sm text-gray-700">下游：中航油采购 → 国航/东航/南航加注</span>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">核心玩家对比</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-2 px-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">公司</th>
|
||
<th class="py-2 px-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">产能规划</th>
|
||
<th class="py-2 px-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">风险点</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="py-3 px-3 text-sm font-medium text-gray-900">嘉澳环保</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">50万吨（已投产）</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">原料依赖马来西亚UCO进口</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-3 text-sm font-medium text-gray-900">海新能科</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">19万吨（2025年）</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">收率仅60%，成本偏高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-3 text-sm font-medium text-gray-900">鹏鹞环保</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">10万吨（试生产）</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">装置稳定性待验证</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-3 text-sm font-medium text-gray-900">山高环能</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">UCO产能10万吨</td>
|
||
<td class="py-3 px-3 text-sm text-gray-700">政策补贴退坡风险</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-red-600 mr-3"></i> 潜在风险与挑战
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
|
||
<div class="bg-red-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-red-800 mb-3">技术风险</h3>
|
||
<ul class="space-y-2 text-gray-700">
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-red-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>收率瓶颈</strong>：国内HEFA收率60-70% vs 海外90%，每提升1%收率可降本100元/吨</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-red-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>催化剂寿命</strong>：国内催化剂需6-12个月更换（成本占加工费20%），海外可达2年</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-orange-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-orange-800 mb-3">商业化风险</h3>
|
||
<ul class="space-y-2 text-gray-700">
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-orange-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>成本倒挂</strong>：当前SAF售价1800美元/吨（中国FOB），但完全成本2000-2200美元/吨</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-orange-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>需求延迟</strong>：欧盟2025年2%掺混可能因航司抵制或补贴不足而执行打折</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-yellow-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-yellow-800 mb-3">政策风险</h3>
|
||
<ul class="space-y-2 text-gray-700">
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-yellow-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>反倾销升级</strong>：欧盟2024年已对中国生物柴油征税12.8%-36.4%，若延伸至SAF将封杀出口</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-yellow-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>UCO出口限制</strong>：印尼2025年B40政策可能减少UCO出口，推高原料价20%</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-purple-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-purple-800 mb-3">信息矛盾</h3>
|
||
<ul class="space-y-2 text-gray-700">
|
||
<li class="flex items-start">
|
||
<span class="inline-block w-2 h-2 rounded-full bg-purple-500 mt-2 mr-2 flex-shrink-0"></span>
|
||
<span><strong>需求数据冲突</strong>：IATA预测2025年全球SAF需求630万吨，但路演专家仅给出140万吨（欧盟+英国），差距4倍</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-trophy text-yellow-500 mr-3"></i> 综合结论与投资启示
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">阶段判断</h3>
|
||
<div class="bg-gradient-to-r from-green-50 to-emerald-50 rounded-lg p-5">
|
||
<p class="text-gray-700 mb-3">SAF处于<strong class="text-green-700">政策红利兑现期</strong>，2025年欧盟强制掺混将验证需求真实性，<strong class="text-green-700">非主题炒作</strong>。</p>
|
||
<div class="flex items-center mt-4">
|
||
<div class="flex-shrink-0">
|
||
<div class="w-12 h-12 rounded-full bg-green-100 flex items-center justify-center">
|
||
<i class="fas fa-check text-green-600"></i>
|
||
</div>
|
||
</div>
|
||
<div class="ml-4">
|
||
<p class="text-sm font-medium text-gray-800">投资机会确认</p>
|
||
<p class="text-xs text-gray-600">政策驱动下的确定性增长</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-4">投资方向</h3>
|
||
<div class="space-y-3">
|
||
<div class="bg-gradient-to-r from-blue-50 to-indigo-50 rounded-lg p-4">
|
||
<div class="flex items-center">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-blue-500 text-white text-xs font-bold mr-3">首</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">首选标的</p>
|
||
<p class="text-sm text-gray-600">嘉澳环保（产能落地+BP订单+技术领先）、山高环能（UCO资源垄断，受益原料涨价）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="bg-gradient-to-r from-purple-50 to-pink-50 rounded-lg p-4">
|
||
<div class="flex items-center">
|
||
<span class="inline-flex items-center justify-center h-6 w-6 rounded-full bg-purple-500 text-white text-xs font-bold mr-3">次</span>
|
||
<div>
|
||
<p class="font-medium text-gray-800">次选标的</p>
|
||
<p class="text-sm text-gray-600">海新能科（产能弹性大，但需跟踪收率提升）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-6 bg-gray-50 rounded-lg p-5">
|
||
<h3 class="text-lg font-semibold text-gray-700 mb-3">关键跟踪指标</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-white rounded-lg p-4 shadow-sm">
|
||
<p class="text-sm font-medium text-gray-800 mb-1">2025Q2欧盟SAF实际掺混率</p>
|
||
<p class="text-xs text-gray-600">验证需求刚性</p>
|
||
</div>
|
||
<div class="bg-white rounded-lg p-4 shadow-sm">
|
||
<p class="text-sm font-medium text-gray-800 mb-1">中国UCO月均出口量</p>
|
||
<p class="text-xs text-gray-600">若低于20万吨，预示原料转向国内</p>
|
||
</div>
|
||
<div class="bg-white rounded-lg p-4 shadow-sm">
|
||
<p class="text-sm font-medium text-gray-800 mb-1">嘉澳环保Q3单吨净利</p>
|
||
<p class="text-xs text-gray-600">能否突破1000元/吨盈亏线</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-4 p-3 bg-red-50 rounded-lg">
|
||
<p class="text-sm text-red-800"><strong>风险提示</strong>：若欧盟2025年掺混执行率低于50%，或UCO价格突破8000元/吨，板块逻辑将阶段性证伪。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票表格 -->
|
||
<div class="bg-white rounded-xl shadow-lg p-6 mb-8 card-hover">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-table text-blue-600 mr-3"></i> 关联股票
|
||
</h2>
|
||
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full divide-y divide-gray-200">
|
||
<thead class="bg-gray-50">
|
||
<tr>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">股票名称</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">分类</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">产业链/项目</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">技术/合作</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">投资逻辑</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="bg-white divide-y divide-gray-200">
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-green-100 rounded-full flex items-center justify-center">
|
||
<span class="text-green-800 font-medium">山</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">山高环能</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-green-100 text-green-800">
|
||
5天3板
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">UCO（生物柴油原料及SAF原料)</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">-</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">公司外销产品UCO是生物柴油和可持续航空燃料（SAF）的重要原料</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-blue-100 rounded-full flex items-center justify-center">
|
||
<span class="text-blue-800 font-medium">嘉</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">嘉澳环保</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-blue-100 text-blue-800">
|
||
4天2板
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">地沟油制生物质能源</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">-</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">子公司专注利用地沟油生产生物质能源</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-purple-100 rounded-full flex items-center justify-center">
|
||
<span class="text-purple-800 font-medium">朗</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">朗坤环境</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-gray-100 text-gray-800">
|
||
-
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">二代生物柴油（HVO）及生物航煤（SAF）</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">生物柴油技术储备充足</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">正在布局二代生物柴油及SAF方向</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-yellow-100 rounded-full flex items-center justify-center">
|
||
<span class="text-yellow-800 font-medium">鹏</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">鹏鹞环保</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-yellow-100 text-yellow-800">
|
||
首板
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">生物航煤试产</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">-</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">已成功试产生物航煤（SAF），订单正在商谈中</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-indigo-100 rounded-full flex items-center justify-center">
|
||
<span class="text-indigo-800 font-medium">海</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">海新能科</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-gray-100 text-gray-800">
|
||
-
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">山东三聚20万吨/年生物柴油异构项目</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">可持续航空燃料产能提升</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">异构项目达产后将提升SAF组分产能</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-pink-100 rounded-full flex items-center justify-center">
|
||
<span class="text-pink-800 font-medium">卓</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">卓然股份</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-gray-100 text-gray-800">
|
||
-
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">宏坤60万吨生物航煤工程</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">与广西宏坤签订总承包合同</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">新签生物航煤项目工程合同进展良好</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-red-100 rounded-full flex items-center justify-center">
|
||
<span class="text-red-800 font-medium">维</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">维尔利</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-gray-100 text-gray-800">
|
||
-
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">废弃油脂转化生物燃料</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">餐厨垃圾处理资源化</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">整合餐厨油脂资源转化生物燃油/生物航煤</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-green-100 rounded-full flex items-center justify-center">
|
||
<span class="text-green-800 font-medium">卓</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">卓越新能</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-green-100 text-green-800">
|
||
首板
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">废油脂综合利用</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">生物液体燃料开发</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">优化提升烃基生物柴油、合成树脂系列产品工艺</td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<div class="flex items-center">
|
||
<div class="flex-shrink-0 h-10 w-10 bg-blue-100 rounded-full flex items-center justify-center">
|
||
<span class="text-blue-800 font-medium">圣</span>
|
||
</div>
|
||
<div class="ml-4">
|
||
<div class="text-sm font-medium text-gray-900">圣泉集团</div>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td class="px-6 py-4 whitespace-nowrap">
|
||
<span class="px-2 inline-flex text-xs leading-5 font-semibold rounded-full bg-gray-100 text-gray-800">
|
||
-
|
||
</span>
|
||
</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">木质素衍生产品</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">道路沥青乳化剂、生物航煤原料</td>
|
||
<td class="px-6 py-4 text-sm text-gray-700">公司木质素可生产生物航煤等产品</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<script>
|
||
// 初始化粒子背景
|
||
tsParticles.load("tsparticles", {
|
||
particles: {
|
||
number: {
|
||
value: 30,
|
||
density: {
|
||
enable: true,
|
||
value_area: 800
|
||
}
|
||
},
|
||
color: {
|
||
value: "#10b981"
|
||
},
|
||
shape: {
|
||
type: "circle"
|
||
},
|
||
opacity: {
|
||
value: 0.5,
|
||
random: true
|
||
},
|
||
size: {
|
||
value: 3,
|
||
random: true
|
||
},
|
||
move: {
|
||
enable: true,
|
||
speed: 2,
|
||
direction: "none",
|
||
random: true,
|
||
straight: false,
|
||
out_mode: "out"
|
||
}
|
||
},
|
||
interactivity: {
|
||
events: {
|
||
onhover: {
|
||
enable: true,
|
||
mode: "repulse"
|
||
}
|
||
}
|
||
},
|
||
retina_detect: true
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |