ST Jiaao has issued a performance forecast, estimating net profit attributable to owners of the parent company for the first half of 2026 at 60 million to 90 million yuan, swinging from a loss to a profit compared with the same period last year. The company said overall production and operations are stable and improving, with a sufficient backlog of orders and continuously strengthening business fundamentals. Benefiting from a significant increase in profit from the bio-aviation kerosene segment, performance has markedly improved year-on-year. The bio-aviation kerosene market is trending favourably, and combined with the visible results of refined cost control, product profit margins continue to widen, 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 were deferred for delivery and will be shipped in an orderly manner in the next reporting period. The company's first-quarter net profit was a loss of 44 million yuan. Based on this calculation, second-quarter net profit is estimated at 104 million to 134 million yuan, swinging from a loss to a profit quarter-on-quarter.
Zhejiang Jiaao EnprotechBio-aviation kerosene segment profit surge and sufficient order backlog drive performance turnaround.