JAHB(SH:603822) synbio新材料·2025-10-20 08:04Core Viewpoint - The article highlights the significant growth in revenue for Jiaao Environmental Protection, driven by its successful expansion in the bio-aviation fuel sector, despite still facing net losses in the first three quarters of 2025 [1][2]. Group 1: Financial Performance - In Q3 2025, Jiaao Environmental Protection reported a revenue of 1.707 billion yuan, representing a year-on-year increase of 511.45% [1]. - For the first three quarters of 2025, the total revenue reached 3.005 billion yuan, with a year-on-year growth of 189.39% [1]. - The net profit attributable to shareholders for the first three quarters was a loss of 25.366 million yuan, indicating a reduction in the loss compared to the previous year [1]. Group 2: Business Expansion and Achievements - The substantial revenue growth is primarily attributed to the increase in sales of bio-aviation fuel from Lianyungang Jiaao, showcasing the company's successful positioning in this market [2]. - The Lianyungang Jiaao Bio-aviation Fuel Project, constructed by its subsidiary, began construction in April 2023 and is expected to start trial production in November 2024, featuring two new 500,000-ton/year bio-aviation fuel units [2]. - Jiaao Environmental Protection became the first company in China to be included in the "white list" for bio-aviation fuel exports, successfully exporting 13,400 tons of bio-aviation fuel [2]. Group 3: Product Performance - In the first three quarters of 2025, the production capacity for biomass energy products was 261,000 tons, with sales volume reaching 203,500 tons, generating revenue of 246.1 million yuan [3]. - The main products and their performance include: - Environmental plasticizers: Production of 54,244.47 tons, sales of 58,690.595 tons, and revenue of 498.59 million yuan [4]. - Environmental stabilizers: Production of 3,626.218 tons, sales of 3,474.100 tons, and revenue of 38.51 million yuan [4]. - Biomass energy: Production of 260,960.140 tons, sales of 203,512.742 tons, and revenue of 246.14 million yuan [4].