Zhongtong Finance APP learned that dongyue group (00189) rose more than 5%, as of the press release, it rose by 5.45%, to 5.8 Hong Kong dollars, with a turnover of 22.1729 million Hong Kong dollars.

On the news side, on September 14th, the Ministry of Ecology and Environment issued a letter on the public solicitation of opinions on the total allocation and distribution plan of consumption of ozone-depleting substances and hydrofluorocarbons for 2025. The plan preliminarily set the total quota and distribution plan of second-generation refrigerants (HCFCs) and third-generation refrigerants (HFCs) for 2025, and explained the preparation of the plan. Among them, HCFCs implemented the annual performance elimination task, with production and usage reduced by 67.5% and 73.2% respectively from the baseline value; HFCs maintained the total control target for production and usage at the baseline value, maintaining the 2024 total production quota at 1.853 billion tons of CO2, the total internal production quota at 0.895 billion tons of CO2, and the total import quota at 0.01 billion tons of CO2.

Kaiyuan Securities pointed out that with the preliminary implementation of the 2025 quota plan, the market's expected uncertainty may be partially eliminated. We remain bullish on the upward trend of the refrigerant market, and the industry cycle may be far from over. Guosen Securities believes that with the release of the draft opinion solicitation for the 2025 refrigerant quota plan, the supply side of the second and third-generation refrigerants will have long-term constraints, and remains bullish on the continued prosperity of refrigerant products.