Xinjiang Zhongtai Chemical Co Ltd

Zhongtai Chemical released its 2026 interim report, with net profit attributable to the parent company of 74.84 million yuan, achieving a turnaround from loss to profit. The company's total operating revenue was 15.37 billion yuan, up 10.11% year on year. Net cash inflow from operating activities was 273 million yuan, down 77.88% year on year. The company's latest asset-liability ratio was 66.13%, gross margin was 17.67%, and ROE was 0.35%.

Zhongtai Chemical disclosed its earnings forecast, estimating a net profit attributable to the parent company of 55 million to 82 million yuan for the first half of 2026, swinging to a profit from a loss of 194 million yuan in the same period last year. During the reporting period, the company's chlor-alkali chemical business maintained stable profitability, its coal chemical methanol products steadily expanded production and sales volumes leveraging cost advantages, the textile business steadily improved profitability, and losses at a key joint venture narrowed significantly. Non-recurring gains and losses in the current period mainly consisted of debt recovery income and government subsidies, which made a positive contribution to operating results.

Zhongtai Chemical disclosed its earnings forecast, expecting net profit attributable to the parent of 55 million to 82 million yuan in the first half of 2026, compared with a loss of 194 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring profit or loss is expected to be a loss of 28 million to 55 million yuan, significantly narrowing from a loss of 217 million yuan a year earlier. The company said the improvement was mainly due to stable profitability in chlor-alkali chemicals, the release of production and sales scale for coal chemical methanol products, and enhanced profitability in the textile business. At the same time, narrowed losses at key associates reduced investment losses year on year. In addition, non-recurring gains such as debt recovery proceeds and government subsidies also made a positive contribution to performance.