ST Jiaao announced that it expects net profit attributable to owners of the parent company for the first half of 2026 to be between 60 million and 90 million yuan, compared with a loss of 78.23 million yuan in the same period last year. The company said overall production and operations are steady and improving, with a sufficient order backlog, smooth order fulfillment, and continuously strengthening business fundamentals. Benefiting from a significant increase in profit from the bio-aviation fuel segment, operating performance in the current period has improved markedly compared with the same period last year. The bio-aviation fuel market is performing well, and refined cost control measures are showing results, widening product profit margins and becoming the core driver of overall earnings growth. At the end of the reporting period, due to shipping schedule factors, some finished products that had completed production and were originally planned for shipment by month-end were delayed, and these products will be shipped out in an orderly manner in the next reporting period.
Zhejiang Jiaao EnprotechSufficient order backlog and strong bio-aviation fuel segment driving profit swing to positive.