Financial Performance - The company's operating revenue for Q1 2025 was ¥708,775,162.52, a decrease of 18.39% compared to ¥868,441,483.85 in the same period last year[4] - Net profit attributable to shareholders increased by 111.22% to ¥61,312,199.00 from ¥29,028,166.78 year-on-year[4] - The net profit after deducting non-recurring gains and losses rose by 135.16% to ¥56,633,403.25 compared to ¥24,082,524.06 in the previous year[4] - Basic earnings per share increased by 112.50% to ¥0.51 from ¥0.24 year-on-year[4] - Total operating revenue for Q1 2025 was ¥708,775,162.52, a decrease of 18.4% compared to ¥868,441,483.85 in Q1 2024[15] - Net profit for Q1 2025 reached ¥61,312,199.00, an increase of 111.4% compared to ¥29,028,166.78 in Q1 2024[16] - The basic earnings per share for Q1 2025 was ¥0.51, up from ¥0.24 in Q1 2024, representing a growth of 112.5%[16] Cash Flow - The net cash flow from operating activities was ¥54,013,735.88, a significant improvement from a negative cash flow of ¥13,075,055.56 in the same period last year[4] - Operating cash flow for Q1 2025 was ¥54,013,735.88, a significant improvement from a negative cash flow of ¥13,075,055.56 in Q1 2024[17] - Cash received from sales and services in Q1 2025 was ¥523,050,636.16, a decrease of 33.5% from ¥785,687,980.01 in Q1 2024[17] - The net cash flow from investment activities amounted to $300,626,970.32, showing a significant increase compared to the previous period[18] - Cash inflow from financing activities totaled $50,000,000.00, while cash outflow for debt repayment was $96,000,500.00[18] - The net increase in cash and cash equivalents for the period was $307,762,653.48, reflecting strong liquidity management[18] - The ending balance of cash and cash equivalents reached $557,283,879.09, up from $249,521,225.61 at the beginning of the period[18] - The company reported a total cash outflow from investment activities of $181,542,135.07, indicating ongoing investment in growth initiatives[18] - The net cash flow from financing activities was negative at -$51,621,646.95, suggesting higher debt repayments than new borrowings[18] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive $4,743,594.23, contributing to overall cash growth[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,636,876,971.36, reflecting a 1.98% increase from ¥3,566,311,420.24 at the end of the previous year[5] - The company's current assets reached RMB 2,198,432,228.38, up from RMB 1,877,700,197.73, indicating a significant increase of about 17.0%[12] - The accounts receivable increased to RMB 93,368,485.82 from RMB 46,690,083.14, marking a rise of about 99.9%[11] - The company's inventory was reported at RMB 950,138,949.31, slightly down from RMB 952,616,548.34, showing a decrease of approximately 0.3%[12] - The total liabilities decreased to RMB 2,198,432,228.38 from RMB 2,188,611,222.51, indicating a slight reduction of about 0.1%[12] - The company's short-term borrowings were reported at RMB 175,724,521.34, down from RMB 197,482,492.32, reflecting a decrease of approximately 11.0%[12] - The total non-current assets were RMB 1,438,444,742.98, down from RMB 1,688,611,222.51, indicating a decline of about 14.8%[12] - The company's total liabilities as of the end of the reporting period were ¥782,268,860.26, compared to ¥773,583,681.15 in the previous year, showing a slight increase of 1.8%[14] - Total equity attributable to shareholders increased to ¥2,854,608,111.10 from ¥2,792,727,739.09, marking a growth of 2.2%[14] Research and Development - R&D investment totaled ¥23,899,836.20, down 21.31% from ¥30,371,115.33 in the same period last year[4] - R&D investment as a percentage of operating revenue was 3.37%, a decrease of 0.13 percentage points from 3.50%[5] - Research and development expenses decreased to ¥23,899,836.20 in Q1 2025 from ¥30,371,115.33 in Q1 2024, reflecting a reduction of 21.3%[15] Other Information - The company reported non-recurring gains of ¥4,678,795.75, primarily from government subsidies and other non-operating income[7] - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[11] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[18]

卓越新能公告，2025年第一季度营收为7.09亿元，同比下降18.39%；净利润为6131.22万元，同比增长 111.22%。 ...

证券研究报告 | 2025年04月15日 卓越新能（688196.SH） 5 万吨天然脂肪醇项目投产，生物柴油出海前景广阔 公司研究·公司快评 基础化工·化学制品 投资评级：优于大市（维持） 证券分析师： 杨林 010-88005379 yanglin6@guosen.com.cn 执证编码：S0980520120002 证券分析师： 薛聪 010-88005107 xuecong@guosen.com.cn 执证编码：S0980520120001 优于大市 事项： 公司公告：2025 年 4 月 14 日，公司公告"年产 5 万吨天然脂肪醇项目"投产。 国信化工观点： 1）公司"年产 5 万吨天然脂肪醇项目"投产，有望大幅增厚公司业绩。公司采用脂肪酸甲酯加氢工艺技 术制备天然脂肪醇，已完成装置联动调试和投料试产工作，产品的各项技术指标符合国家标准。天然脂肪 醇作为生物基表面活性剂主要原料之一，可广泛应用于洗涤剂、化妆品、医药等领域，该项目投产将进一 步拓展公司生物柴油在生物基化学品领域的应用，实现了国产替代。脂肪醇传统原料为棕榈仁油，目前价 格 2100 美元/吨，公司原料为废弃油脂，原料价格在 1000- ...

Core Viewpoint - The company, Zhuoyue New Energy, has launched a new project to produce 50,000 tons of natural fatty alcohol, aiming to capitalize on market growth and extend its biodiesel processing industry chain [2][3]. Group 1: Company Developments - The natural fatty alcohol project has recently commenced production, enhancing the company's ability to leverage the growth potential in the natural fatty alcohol market [2]. - Zhuoyue New Energy is a pioneer in China's biodiesel industrial production and the first to achieve industrial-scale production from waste oils [2]. - The company plans to expand production capacity based on operational performance and market demand [2]. Group 2: Financial Performance - The company expects to achieve a revenue of 3.611 billion yuan in 2024, representing a year-on-year growth of 28.42%, and a net profit of 158 million yuan, reflecting a growth of approximately 100.41% [3]. - The rapid growth in performance is attributed to the company's proactive expansion during a favorable industry cycle [3]. Group 3: Market Conditions - The domestic fatty alcohol market is experiencing a supply shortage, leading to a continuous increase in prices, with the mainstream price of medium-chain alcohol (C12-14) reaching 23,500 yuan per ton, up 13% month-on-month and 9.3% year-to-date [3]. - The company's production utilizes waste oils as the primary raw material, providing significant economic and environmental advantages [3]. Group 4: Future Outlook - The company is expected to maintain rapid profit growth in 2025, supported by the advantages of its overseas sales network and the ongoing development of the 50,000-ton fatty alcohol project [4].

Group 1 - The core viewpoint of the news is that Zhuoyue New Energy has shown a significant increase in stock price and has a relatively low PE ratio compared to the industry average, indicating potential investment interest [1][2] - As of April 14, Zhuoyue New Energy's stock closed at 44.2 yuan, up 5.51%, with a rolling PE ratio of 33.67 times and a total market capitalization of 5.304 billion yuan [1] - The average PE ratio for the chemical products industry is 50.85 times, with a median of 36.13 times, positioning Zhuoyue New Energy at 97th place in the industry ranking [1][2] Group 2 - Zhuoyue New Energy specializes in the research and production of biodiesel and bio-based new materials from waste oil resources, with main products including biodiesel, industrial glycerin, bioester plasticizers, and environmentally friendly alkyd resins [1] - The company is recognized as a national "high-tech enterprise" and has established several research centers, including a provincial enterprise technology center and a key laboratory for biomass energy [1] - For the latest financial results, the company reported a revenue of 2.974 billion yuan for the third quarter of 2024, representing a year-on-year increase of 17.19%, while net profit was 92.354 million yuan, showing a year-on-year decrease of 39.66% [1]

龙岩卓越新能源股份有限公司（以下简称"公司"或"卓越新能"）募集 资金投资项目之"年产 5 万吨天然脂肪醇项目"于近日投产。现将相关情况公 告如下： 公司"年产 5 万吨天然脂肪醇项目"（以下简称"项目"）已完成装置联 动调试和投料试产工作，于近日正式投产，产品的各项技术指标符合国家标准。 天然脂肪醇作为生物基表面活性剂主要原料之一，可广泛应用于洗涤剂、 化妆品、医药等领域。公司采用先进的脂肪酸甲酯加氢工艺技术制备天然脂肪 醇，拓展公司生物柴油在生物基化学品领域的应用，实现了国产替代。随着项 目的投产，将有效增强公司"生物质能化一体化"产业链的协同效应，预计将 对公司的经营业绩产生积极影响。公司计划根据产线运行情况和市场需求择机 扩大产能。 龙岩卓越新能源股份有限公司 关于年产 5 万吨天然脂肪醇项目投产的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688196 证券简称：卓越新能 公告编号：2025-004 1 项目在生产经营过程中有可能面临市场变化等各种因素的影响，敬请广大 投资者注意投资风险。 特 ...

截至2024年三季报，共有44家机构持仓卓越新能，其中基金44家，合计持股数187.97万股，持股市值 0.63亿元。 4月10日，卓越新能今日收盘40.77元，上涨4.22%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到31.05倍，总市值48.92亿元。 从行业市盈率排名来看，公司所处的化学制品行业市盈率平均47.84倍，行业中值35.68倍，卓越新能排 名第93位。 序号股票简称PE(TTM)PE(静)市净率总市值(元)93卓越新能31.0531.051.7948.92亿行业平均 47.8453.402.7974.59亿行业中值35.6835.682.1237.28亿1宏柏新材-5220.6252.291.7533.97亿2北化股 份-1950.8895.041.8852.76亿3锦鸡股份-682.41199.671.8631.65亿4渝三峡A-573.82-60.281.6820.99亿5富淼 科技-336.96-336.961.1715.68亿6石大胜华-169.66364.211.7568.20亿7凯美特气-159.91-272.323.4769.74亿8 信德新材-126.267 ...

截至2025年4月7日收盘，卓越新能(688196)报收于35.94元，下跌18.04%，换手率2.11%，成交量2.53万 手，成交额9543.98万元。 当日关注点 交易信息汇总：4月7日卓越新能（688196）收盘报35.94元，跌18.04%，当日成交252.71万元，已 连续2日下跌。 交易信息汇总 4月7日卓越新能（688196）收盘报35.94元，跌18.04%，当日成交252.71万元。根据收盘数据统计，该 股已连续2日下跌。前10个交易日资金流向情况显示，主力资金累计净流出4178.58万元，股价累计下跌 13.38%；融资余额累计增加1042.86万元，融券余量累计增加0股。该股最近90天内共有8家机构给出评 级，其中买入评级7家，增持评级1家。 资金流向 当日主力资金净流出1871.83万元，占总成交额19.61%；游资资金净流入306.01万元，占总成交额 3.21%；散户资金净流入1565.82万元，占总成交额16.41%。 董秘最新回复 投资者： 请问美国关税对公司业务利弊两方面有什么影响？公司怎么应对其他国家或地区潜在的关税 或者反倾销税？ 以上内容为证券之星据公开信息整理，由智 ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Zhuoyue New Energy, which closed at 46.11 yuan with a PE ratio of 35.12 times and a total market value of 5.533 billion yuan [1][2] - Zhuoyue New Energy operates in the chemical products industry, with an industry average PE ratio of 45.97 times and a median of 35.68 times, ranking 102nd in the industry [1][2] - As of the Q3 2024 report, 44 institutions hold shares in Zhuoyue New Energy, with a total of 1.8797 million shares valued at 0.63 billion yuan [1] Group 2 - The main business of Zhuoyue New Energy involves the research and production of biodiesel and bio-based new materials from waste oil resources, with key products including biodiesel, industrial glycerin, bioester plasticizers, and environmentally friendly alkyd resins [1] - The company is recognized as a national "high-tech enterprise" and has established several research centers, including a provincial enterprise technology center and a key laboratory for biomass energy [1] - The latest financial results for Q3 2024 show that the company achieved an operating income of 2.974 billion yuan, a year-on-year increase of 17.19%, while net profit was 92.354 million yuan, reflecting a year-on-year decrease of 39.66%, with a sales gross margin of 3.56% [1]

3月28日，卓越新能今日收盘45.66元，下跌1.42%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到34.78倍，总市值54.79亿元。 从行业市盈率排名来看，公司所处的化学制品行业市盈率平均46.67倍，行业中值35.25倍，卓越新能排 名第100位。 最新一期业绩显示，2024年三季报，公司实现营业收入29.74亿元，同比17.19%；净利润9235.40万元， 同比-39.66%，销售毛利率3.56%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)100卓越新能34.7834.782.0154.79亿行业平均 46.6752.642.9179.18亿行业中值35.2537.562.2240.54亿1宏柏新材-5649.9656.591.9036.77亿2北化股 份-2123.44103.452.0557.43亿3锦鸡股份-799.68233.992.1837.08亿4渝三峡A-629.54-66.141.8423.02亿5富 淼科技-335.93-335.931.2116.53亿6石大胜华-181.51389.641.8772.96亿7信德新材-140.3286.251.32 ...