Core Viewpoint - The article discusses the IPO of Suzhou Fengbei Biological Technology Co., Ltd., which aims to raise 750 million yuan for various projects related to the recycling of waste oils and the production of biofuels and bio-based materials [1][3]. Group 1: IPO and Financials - The IPO plans to raise 750 million yuan for projects including the annual production of 300,000 tons of oleic acid methyl ester, 10,000 tons of industrial-grade mixed oil, 50,000 tons of agricultural microbial agents, and 10,000 tons of compound microbial fertilizers, along with by-products such as 50,000 tons of biodiesel and 8,200 tons of glycerol [1][2]. - Fengbei Biological's revenue for 2022, 2023, and 2024 is projected to be 1.71 billion yuan, 1.73 billion yuan, and 1.948 billion yuan respectively, with net profits of 133 million yuan, 130 million yuan, and 124 million yuan [6]. - In the first half of 2025, Fengbei Biological reported revenue of 1.478 billion yuan, a 49.62% increase from 988 million yuan in the same period last year, with a net profit of 85.06 million yuan, up 23.51% from 68.87 million yuan [8]. Group 2: Compliance and Market Position - Fengbei Biological meets the listing standards, having positive net profits for the last three years, with a cumulative net profit of 372 million yuan, and total operating revenue exceeding 5.384 billion yuan over the same period [9][10]. - The company is not the first in the waste oil recycling sector to go public, as two other companies have already listed in the A-share market, focusing on sustainable aviation fuel (SAF) as a key product [10][11]. Group 3: Industry Context - The waste oil recycling industry includes major players like Zhuoyue New Energy, which produces biodiesel primarily for export to the EU, and Jiaao Environmental Protection, which also focuses on biodiesel and SAF production [11]. - The industry is expanding with companies like Haineng Energy forming production networks for biodiesel and SAF, indicating a growing market for sustainable energy solutions [11].

Core Viewpoint - The company, Suzhou Fengbei Biotechnology Co., Ltd., is set to undergo an IPO review by the Shanghai Stock Exchange, highlighting its leadership in the waste oil resource utilization sector amid a global push for green transformation [1] Group 1: Green Industry Chain - The company has established a complete and efficient green industry chain that transforms waste oil into biodiesel and bio-based materials, addressing environmental concerns while creating high-value products [2] - The biodiesel segment has seen significant success, with the company overcoming technical challenges to develop low pour point biodiesel, enhancing market applicability in colder regions [2] Group 2: Bio-based Materials - The company has made substantial advancements in bio-based materials, applying them across various sectors such as agriculture, mining, inks, textiles, and biomedicine, achieving commercial success [3] - In the agricultural sector, the company holds a leading market share in bio-diesel formulations and collaborates closely with major industry players [3] Group 3: Innovation and R&D - The company emphasizes innovation as a core driver of growth, with significant investments in R&D leading to 144 patents, including domestic and international inventions [4] - The establishment of research centers has attracted top talent, focusing on new methods for waste oil utilization and the development of superior bio-based materials [4] Group 4: Industry Recognition - The company's R&D achievements have garnered industry accolades, including recognition as an excellent pesticide additive supplier and various innovation awards, underscoring its leadership in green technology [5] Group 5: Policy Support and Market Opportunities - National policies support the company's green development, encouraging the production of biodiesel from waste oil, which aligns with the company's strategic adjustments and increased R&D investments [6][7] - The company has formed strategic partnerships to explore new market applications for biodiesel, responding to government initiatives and enhancing its competitive edge [7] Group 6: Future Outlook - With a growing global emphasis on sustainability, the demand for biofuels and bio-based materials is expected to rise, prompting the company to continue its commitment to green development and innovation [7]