Core Viewpoint -卓越新能 is a leading company in the biodiesel industry in China, focusing on the production of biodiesel and its deep-processing products from waste oils, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025,卓越新能 reported revenue of 2.343 billion yuan, ranking 17th among 79 companies in the industry, with the industry leader, Sinochem International, at 35.716 billion yuan [2] - The main business composition includes biodiesel at 1.067 billion yuan (81.33%), mixed fatty acids at 116 million yuan (8.86%), and natural fatty alcohols at 82.235 million yuan (6.27%) [2] - The net profit for the same period was 167 million yuan, ranking 15th in the industry, with the top company, Hangyang Co., reporting 850 million yuan [2] Group 2: Financial Ratios - As of Q3 2025,卓越新能's debt-to-asset ratio was 21.20%, lower than the industry average of 34.74%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 11.73%, which, while improved from 3.56% year-on-year, remains below the industry average of 19.93% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.84% to 4,416, while the average number of circulating A-shares held per household increased by 7.34% to 27,200 [5] - Notable changes among the top ten circulating shareholders include a decrease in holdings by Baoying New Industry Mixed A and new entries from 富国改革动力混合 and 富国研究精选灵活配置混合 A [5] Group 4: Future Outlook - Longjiang Securities projects net profits for 2025-2027 to be 247 million, 371 million, and 436 million yuan, with corresponding PE ratios of 24x, 16x, and 14x, maintaining a "buy" rating [6] - Xinda Securities forecasts net profits for the same period to be 332 million, 486 million, and 591 million yuan, with growth rates of 122.8%, 46.3%, and 21.7% respectively, also maintaining a "buy" rating [6]

Group 1 - The core viewpoint of the news is that Zhuoyue New Energy has seen a significant increase in its stock price, rising by 6.08% to reach 50.92 yuan per share, with a total market capitalization of 6.11 billion yuan [1] - Zhuoyue New Energy Co., Ltd. is located in Longyan City, Fujian Province, and was established on November 1, 2001. The company specializes in producing biodiesel and its deep-processed products using waste oil as raw material through modern production technologies [1] - The trading volume for Zhuoyue New Energy was 16.62 million yuan, with a turnover rate of 0.28% as of the report [1] Group 2 - According to data from the top ten heavy positions of funds, one fund under Jianxin Fund has a significant holding in Zhuoyue New Energy. Jianxin New Materials Select Stock Fund A (018194) increased its holdings by 3,057 shares in the second quarter, bringing its total to 41,100 shares, which accounts for 3.19% of the fund's net value [2] - Jianxin New Materials Select Stock Fund A was established on August 22, 2023, with a latest scale of 38.31 million yuan. The fund has achieved a return of 40.77% this year, ranking 606 out of 4,222 in its category [2] - The fund manager, Li Mengyuan, has been in charge for 1 year and 297 days, with the fund's total asset scale at 61.92 million yuan. During her tenure, the best fund return was 74.35%, while the worst was 72.9% [2]