Jiangsu Chengxing Phosph-Chemical Co Ltd

Chengxing Co., Ltd. has released its 2026 interim report, with net profit attributable to the parent company of 118 million yuan, up 533.75% from the same period last year. Total operating revenue was 2.138 billion yuan, up 20.37% year on year, marking a third consecutive year of growth. Net cash inflow from operating activities was 226 million yuan, up 17.42% year on year. The company's latest gross margin was 19.09%, an increase of 10.00 percentage points from the same period last year, marking a second consecutive year of improvement. Latest return on equity was 6.54%, up 5.43 percentage points year on year. Diluted earnings per share were 0.17 yuan, up 521.43% year on year.

On the evening of the 17th, multiple A-share companies disclosed their 2026 half-year reports, with first-half net profits rising sharply year on year. Sunwave Communications achieved net profit attributable to owners of the parent company of 50.3935 million yuan, up 1,825.74 percent year on year; Youngy Company posted net profit of 1.002 billion yuan, up 1,076.14 percent; Do-Fluoride New Materials reported net profit of 512 million yuan, up 897.19 percent. In addition, companies including Grand Industrial Holding, Hebang Biotechnology, Chengxing Group, Shanghai Ailu Package, Zhaojin Gold, Fudan Microelectronics, Raytron Technology, and Decole saw year-on-year net profit growth of more than 100 percent, among which 10 stocks including Shenzhen Keda achieved net profit growth of over 100 percent year on year. CSPC Innovation Pharmaceutical, Tianhua New Energy, Minmetals New Energy, and Zhangjiajie Tourism turned losses into profits year on year.

On August 5, the phosphorus chemical sector saw unusual movement in late trading, with Chengxing shares surging straight up and hitting the daily limit in one minute, closing at 11.03 yuan per share and a total market value of 7.465 billion yuan. Xingfa Group, Chuan Jinnuo, and Chuanheng shares also rose in tandem. Chengxing expects its net profit attributable to the parent company for the first half of 2026 to be between 94.4 million and 140 million yuan, a year-on-year increase of 409% to 657%. The performance growth was mainly driven by the international geopolitical situation and demand from the new energy industry, with prices of yellow phosphorus and phosphoric acid products rising year-on-year and a significant increase in phosphoric acid sales. Public information shows that the company is mainly engaged in fine phosphorus chemical products such as yellow phosphorus, phosphoric acid, and phosphates, and has an integrated industrial chain from mining, power, and yellow phosphorus to fine phosphorus chemical products, with an annual production capacity of 160,000 tonnes of yellow phosphorus and 300,000 tonnes of phosphoric acid.

Chengxing Shares disclosed an earnings forecast, estimating that net profit attributable to owners of the parent company for the first half of 2026 will be between 94.4 million yuan and 140 million yuan, an increase of 409% to 657% year-on-year. The company stated that during the reporting period, influenced by international geopolitical situations and driven by demand from the new energy industry, prices of yellow phosphorus and phosphoric acid products rose year-on-year, and phosphoric acid sales volume increased significantly.