CABIO(SH:688089) Zheng Quan Ri Bao Wang·2025-12-19 07:12Core Insights - The article highlights the transformation of Jia Bi You Biotechnology (Wuhan) Co., Ltd. from a single nutrient supplier to a synthetic biology platform enterprise over six years since its listing on the Sci-Tech Innovation Board, marking a significant milestone in China's food biotechnology sector [1] Financial Performance - Jia Bi You's revenue has grown from 312 million yuan in 2019 to 555 million yuan in 2024, achieving a compound annual growth rate (CAGR) of 12.2% [2] - In 2025, the company reported a revenue of 428 million yuan and a net profit of 129 million yuan in the first three quarters, reflecting a year-on-year increase of 54.18%, surpassing the total net profit for 2024 [2] - As of December 19, 2025, the company's market capitalization exceeded 3.9 billion yuan, demonstrating significant growth since its initial public offering [2] Product Development and Market Position - The company has expanded its product matrix, achieving over 40% global market share in ARA (Arachidonic Acid) and surpassing 100 million yuan in annual sales for DHA (Docosahexaenoic Acid) [2] - Jia Bi You has developed a diverse product system covering human nutrition, animal nutrition, and personal care, with 114 authorized products for SA (Sialic Acid) [2] - The successful mass production of 2'-fucosyllactose (2'-FL) in 2025 fills a significant gap in China's HMO (Human Milk Oligosaccharides) market [2] Supply Chain and Risk Management - The company has established a fully controllable supply chain, achieving domestic substitution across the entire production process from strain cultivation to fermentation and product application [3] - The second phase of the Wuhan production base has positioned the company among the global leaders in ARA and DHA production capacity [3] - Jia Bi You's products have received international certifications and are exported to over 30 countries, establishing stable partnerships with global giants like Nestlé [3] Research and Development - Jia Bi You maintains a research and development investment of over 8%, with 2024 R&D expenditure reaching 47.9 million yuan, a 24.12% increase year-on-year [4] - The company has developed a full-stack technology loop integrating AI and synthetic biology, breaking foreign monopolies in industrial strains [4] - The establishment of a national pilot platform for microbial fermentation supports the transition from laboratory to production line [4] Industry Standards and Future Strategy - Jia Bi You has actively participated in the formulation of national food safety standards and was selected for the national synthetic biology standardization project research group in 2025 [5] - The company aims to focus on high-end equipment development and advanced molecular layout, targeting the trillion-yuan market outlined in the 14th Five-Year Plan [5] - Future plans include upgrading the pilot platform to a public service hub for bio-manufacturing and deepening global cooperation to expand into European, American, and Southeast Asian markets [5]