Zibo Qixiang Tengda Chemical Co Ltd

Qixiang Tengda released its 2026 interim report, with net profit attributable to the parent company of 116 million yuan, up 402.83% from the same period last year. Total operating revenue was 15.63 billion yuan, up 28.03% year on year. Net cash inflow from operating activities was 843 million yuan, up 0.30% year on year. The company's latest asset-liability ratio was 52.35%, gross margin was 5.71%, return on equity was 1.04%, and diluted earnings per share was 0.04 yuan.

Qixiang Tengda issued a performance forecast, estimating net profit attributable to shareholders of the listed company for the first half of 2026 at 110 million to 121 million yuan, representing a year-on-year increase of 374.64% to 423.88%. The sharp rise in performance is mainly due to the cyclical bottoming and recovery of the chemical industry, fluctuations in international energy prices driving up prices of major products, and significant results in overseas market expansion, with overseas trade business revenue growing by more than 50% year-on-year. In addition, the company's existing optimization projects have been put into production one after another, including an 8,000-ton-per-year high-performance catalytic new material project, further contributing to profitability. The company's net profit for the second quarter is estimated at 202 million to 213 million yuan, turning from a loss to a profit on a quarter-on-quarter basis.