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Market Might Still Lack Some Conviction On Longyan Zhuoyue New Energy Co., Ltd. (SHSE:688196) Even After 41% Share Price Boost
Longyan Zhuoyue New Energy (688196.SH): With this policy adjustment, domestic biodiesel production enterprises will purchase raw materials at market prices on an equal basis with their foreign counterparts.
On November 20th, Gelonghui reported that longyan zhuoyue new energy (688196.SH) stated on the investor interaction platform that according to the Ministry of Finance and the State Administration of Taxation's 2024 No. 15 announcement "Announcement on Adjusting Export Tax Rebate Policies," the export tax rebate for chemically modified animal, plant, or microbial oils and fats will be canceled starting from December 1, 2024. This policy adjustment will allow domestic biodiesel producers to procure raw materials at market prices on an equal basis with their foreign counterparts, which is beneficial for the sustainable development of the biodiesel industry.
The Past Three-year Earnings Decline for Longyan Zhuoyue New Energy (SHSE:688196) Likely Explains Shareholders Long-term Losses
Debon Securities: The development of biomass fuel welcomes bullish policies again, and the demand for bio-aviation coal is expected to accelerate.
According to China Energy News, compared with traditional petroleum aviation kerosene, the carbon dioxide emissions of the entire life cycle can be reduced by more than 50%, with a maximum reduction of 85%.
Excellent New Energy: Excellent New Energy Report for the Third Quarter of 2024
Excellent New Energy 2024 Third Quarter Report
Market Cool On Longyan Zhuoyue New Energy Co., Ltd.'s (SHSE:688196) Earnings Pushing Shares 26% LowerNo Data
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