A股申购 | 丰倍生物(603334.SH)开启申购 现有生物柴油产能10.5万吨

Core Viewpoint - Fengbei Bio (603334.SH) has initiated its subscription with an issue price of 24.49 CNY per share and a subscription limit of 11,000 shares, reflecting a price-to-earnings ratio of 30.47 times [1] Group 1: Company Overview - Fengbei Bio is a high-tech enterprise in the field of waste resource utilization, primarily producing resource products from waste oils, forming a recycling industry chain of "waste oils - biofuels (biodiesel) - bio-based materials" [1] - The main business of the company focuses on the comprehensive utilization of waste oil resources, with auxiliary operations in oil chemical products [1] - The primary products from waste oil resource utilization include bio-based materials and biofuels, with bio-based materials mainly consisting of pesticide and fertilizer additives, and biofuels primarily being biodiesel [1] Group 2: Market Position and Partnerships - Fengbei Bio has established long-term collaborations with leading companies in the agricultural chemical sector, including Fengle Seed Industry, Jiuyue Co., Lutianhua, Sichuan Meifeng, and Batian Co. [1] - As of the end of 2024, the company has a biodiesel production capacity of 105,000 tons, ranking sixth in China's biodiesel industry [2] Group 3: Financial Performance - The company reported revenues of approximately 1.709 billion CNY, 1.728 billion CNY, and 1.948 billion CNY for the years 2022, 2023, and 2024, respectively [2] - Net profits for the same years were approximately 133 million CNY, 130 million CNY, and 124 million CNY [2] - The company indicated that its operating cash flow was good from 2022 to 2023, but a decline in 2024 was noted due to an increase in operating receivables [2]