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In the performance forecast of 50 companies in the fields of daily chemicals, pesticides, chemical fertilizers, chemical raw materials, and chemical manufacturing, there are 34 companies that claim a substantial increase in profits and improved profitability, accounting for 66% of the total. There are 17 companies, accounting for 34%. Among them, Chitianhua and Liaotong Chemical expect that net profit will increase by 100% in the first half of this year compared with the same period of last year; Sanyou Chemicals, Cangzhou Dahua, Hualu Hengsheng and San Aifu expect the net profit to increase by more than 50% year-on-year; Sichuan Meifeng It is expected that net profit will increase by 50% to 100% over the same period of last year; Lutianhua expects its net profit to increase by 50% to 60% year-on-year. The best performance currently seen is China's largest potash fertilizer producer, Salt Lake Potash. Their announcement said that their net profit in the first half of the year is expected to increase by 300% to 350%. HTC’s shares in non-ferrous metals and fertilizers mainly contributed to a net profit of 1374.1101 million yuan in the first half of the year, an increase of 340.19% year-on-year.
Although most chemical companies that issued performance forecasts did not explain the reasons for the increase in performance, it can still be seen that the continuous increase in market demand is an important driving force. The transmission of specialty chemicals for the main business of the transmission shares will be attributed to more than 50% of the first half of the net profit growth attributed to four aspects, the most critical of which is the continued growth of product sales and product prices successfully achieved.
It is worth mentioning that the listed companies in the fertilizer industry under the influence of the sharp increase in raw materials and severe national price limit policies still performed well. Almost all such companies are in a profitable state. Some experts pointed out that their performance has benefited from the strong market demand caused by the continuous price rise of agrochemical products under the national "supporting agriculture" policy.
However, while the overall performance of chemical companies listed on the market is promising, some companies have seen a significant decline in their profits. Jinzhou Petrochemical announced on the 13th the revised report of the loss forecast report said that its first half of the expected loss of 600 million yuan. The old listed chemical company Jilin Petrochemical's profit fell by 50% year-on-year. The reason given by them is only one: the rising international crude oil prices and the lagging adjustment of refined oil prices.
Chemical company listed company's performance in six months, the largest increase in profits reached 350%
By the end of the 21st, among the more than 50 chemical companies listed in the company that had released the first-half results preview and the mid-year report, more than 60% of the companies' profits had increased substantially, with the largest increase reaching 350%.