卓越新能：2024年利润高速增长 新产能逐步投放

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].