Longyan Zhuoyue New Energy (688196)2024-12-02 10:16Project Updates - Hydrocarbon-based biodiesel production line construction started in Q3 2024, expected to be operational by Q3 2025 [2][5] - SAF (Sustainable Aviation Fuel) production line construction started in Q3 2024 [2][5] - 50,000 tons/year natural fatty alcohol production line expected to be operational by 2025 [5] Financial Performance - Net profit attributable to shareholders decreased in the first three quarters of 2024 due to falling European market prices and increased sales expenses [7] - Revenue growth in the first three quarters of 2024 driven by independent sales of biodiesel in Europe at local terminal prices [7] Policy Impact - Export tax rebate for chemically modified animal, vegetable, or microbial oils and fats canceled from December 1, 2024, promoting sustainable development of the biodiesel industry [5] Production Capacity - Current annual biodiesel production capacity: 500,000 tons [5] - Current annual bio-based materials production capacity: 90,000 tons [5] Shareholder Information - Number of shareholders as of September 30, 2024: 6,026 [5]