Understanding the Market | JINGCHENG MAC rose over 5% as Beijing Bawei supports the operation of the world's first tower-type solar thermal replacement project for ultra-heavy oil extraction
JINGCHENG MAC rose over 5%, peaking at HKD 6.27 during the session. As of the time of publication, it has increased by 8.28%, trading at HKD 5.23, with a transaction volume of HKD 446 million. In terms of news, according to the WeChat public platform "JINGCHENG MAC," on September 12, the world's first tower-type solar thermal replacement project for heavy oil extraction was put into operation at the Fengcheng Oilfield in Xinjiang, marking a significant breakthrough in China's solar thermal technology and green development of heavy oil. Beijing Bawei, a subsidiary of JINGCHENG MAC, served as the overall solution provider for the key equipment of the project, successfully developing and designing the core equipment installed at the top of the heat-absorbing tower—the hydraulic high-temperature heat absorber, which provides solid support for the project to achieve its design indicators with continuous and stable supply. Under the resonance of the "dual carbon" strategy and the wave of intelligent manufacturing, JINGCHENG MAC is transitioning from traditional manufacturing equipment to emerging industries such as hydrogen energy, digital hydraulics, and robotics. Guojin Securities believes that 2025 will be the settlement point for the medium- and long-term planning of hydrogen energy, and the hydrogen energy and fuel cell industry will enter a period of rapid growth, with the implementation of fuel cell vehicles and green hydrogen projects accelerating. Hydrogen energy and fuel cell manufacturing are currently the two main lines, and continuous attention is recommended
According to Zhitong Finance APP, JINGCHENG MAC (00187) rose over 5%, peaking at HKD 6.27 during intraday trading. As of the time of writing, it has increased by 8.28%, trading at HKD 5.23, with a transaction volume of HKD 446 million.
On the news front, according to the WeChat public platform "JINGCHENG MAC," on September 12, the world's first tower-type solar thermal replacement project for heavy oil extraction was put into operation at the Fengcheng Oilfield in Xinjiang, marking a significant breakthrough in China's solar thermal technology and green development of heavy oil. Beijing Baiwei, a subsidiary of JINGCHENG MAC, served as the overall solution provider for the key equipment of this project, successfully developing and designing the core equipment installed at the top of the heat-absorbing tower—the high-temperature heat absorber, providing solid support for the project to achieve its design indicators with continuous and stable supply.
In the resonance of the "dual carbon" strategy and the wave of intelligent manufacturing, JINGCHENG MAC is transitioning from traditional manufacturing equipment to emerging industries such as hydrogen energy, digital hydraulics, and robotics. Guojin Securities believes that 2025 will be the settlement point for the medium- and long-term planning of hydrogen energy, and the hydrogen energy and fuel cell industry will enter a period of rapid growth, with the implementation of fuel cell vehicles and green hydrogen projects accelerating. Hydrogen energy and fuel cell manufacturing are currently the two main lines, and continuous attention is recommended
