Shandong Hualu Hengsheng Chemical Co Ltd

Hualu Hengsheng released its 2026 interim report, with net profit attributable to the parent company of 2.353 billion yuan, up 49.98% from the same period last year. Total operating revenue was 17.162 billion yuan, up 8.87% year-on-year. Net cash inflow from operating activities was 2.692 billion yuan, up 15.46% year-on-year. The latest gross margin was 24.10%, rising for five consecutive quarters and up 6.09 percentage points from a year earlier. The latest return on equity was 6.74%, up 1.83 percentage points year-on-year. Diluted earnings per share were 1.11 yuan, up 49.93% year-on-year.

On the evening of August 19, multiple A-share listed companies disclosed their half-year reports and planned substantial dividends. Dingtai High-Tech plans to distribute a cash dividend of 10 yuan per 10 shares, including tax, totaling 424 million yuan in cash dividends, including tax. Allist plans to distribute a cash dividend of 10 yuan per 10 shares, including tax, totaling 424 million yuan in cash dividends, including tax. Accelink Technologies plans to distribute a cash dividend of 3.7 yuan per 10 shares, including tax, totaling 306 million yuan in cash dividends, including tax. XTC New Energy Materials plans to distribute a cash dividend of 3 yuan per 10 shares, including tax, totaling 151 million yuan in cash dividends, including tax. HSC New Energy Materials plans to distribute a cash dividend of 3 yuan per 10 shares, including tax, totaling 46.4157 million yuan in cash dividends, including tax. Shanghai Airport plans to distribute a cash dividend of 2.7 yuan per 10 shares, including tax, totaling 672 million yuan in cash dividends, including tax. Hualu Hengsheng plans to distribute a cash dividend of 2.6 yuan per 10 shares, including tax, totaling 715 million yuan in cash dividends, including tax.

On the evening of July 20, nearly 100 companies listed on the Shanghai Stock Exchange disclosed a flurry of positive news, covering buybacks, increased holdings, upbeat earnings, interim dividends, and long-term insurance capital investment. On that day, 16 companies announced new buyback plans with a combined upper limit of 4.5 billion yuan, and 9 companies announced new shareholding increase plans with a combined upper limit of 6.875 billion yuan, bringing the total to 11.375 billion yuan. Another 30 companies released progress updates on buybacks and increased holdings. On the semi-annual earnings front, 15 Shanghai-listed companies reported positive results. Shanghai International Port Group expects a net profit attributable to shareholders of approximately 8.47 billion yuan for the first half, up about 5.35 percent year-on-year. Shanghai Electric expects a net profit of 920 million to 1 billion yuan, up about 12 to 22 percent. Putailai expects a net profit of 1.4 billion to 1.5 billion yuan, up 32.66 to 42.14 percent. Jihua Group achieved a net profit of 474 million yuan, surging 1,272.52 percent. Bank of Chongqing posted a net profit of 3.518 billion yuan, up 10.28 percent. Ten companies disclosed interim dividend plans. The controlling shareholders or chairmen of six companies—Chint Electrics, Yiwu China Commodities City, Industrial Securities, Juhua Group, Hualu Hengsheng, and Hundsun Technologies—proposed interim dividends. The controlling shareholder of Shanghai Airport proposed raising the interim dividend payout ratio. Several companies' shareholders pledged not to reduce holdings or terminated reduction plans early. For example, the controlling shareholder and actual controller of Keli Sensing voluntarily committed not to reduce holdings, and Bethel Automotive announced that its shareholder did not reduce holdings and terminated the reduction plan early. In the insurance sector, China Pacific Insurance, Ping An Insurance, and New China Life Insurance expressed firm support for capital market development, vowing to leverage the advantages of insurance funds, adhere to long-term and prudent investment principles, support the cultivation of new quality productive forces, act as patient capital in the market, and firmly implement profit distribution policies by optimizing dividend frequency and carrying out interim dividends to enhance shareholder returns.

Hualu Hengsheng announced that it has received a proposal from its controlling shareholder, Hengsheng Group, to implement an interim dividend for 2026, subject to profit distribution conditions. The proposed dividend amount would be no less than 30% of the first-half net profit and no more than the net profit for the corresponding period. The proposal requires approval by the board of directors before implementation and remains subject to uncertainty.

The fluorochemical industry is embracing dual opportunities from an improving supply-demand landscape and a resonance with technology attributes. As of 11:06 AM on July 6, 2026, the CSI Subdivision Chemical Industry Thematic Index rose 0.34 percent, with constituent stocks Huafon Chemical up 6.99 percent, Eastern Shenghong up 6.22 percent, Hengli Petrochemical up 6.18 percent, Hualu Hengsheng up 5.27 percent, and Rongsheng Petrochemical up 5.14 percent. Guosheng Securities noted that, constrained by the Montreal Protocol and the Kigali Amendment, China implements total volume controls on refrigerants. In 2026, quotas for third-generation refrigerants are locked in and the phase-out of second-generation refrigerants accelerates, leading to a continued tightening of effective supply and driving year-to-date price increases of over 30 percent for mainstream varieties such as R32 and R134a. Meanwhile, the penetration of fluorine-containing materials in the AI industry chain is accelerating. Demand for tungsten hexafluoride has doubled due to increased stacking layers in HBM and 3D NAND, PTFE benefits from high-frequency transmission demand in Nvidia's next-generation server platforms, and fluorine-containing liquid cooling materials are opening up growth opportunities as GPU power consumption exceeds the limits of air cooling. The Chemical ETF Harvest closely tracks the CSI Subdivision Chemical Industry Thematic Index, focusing on the industry's new cycle of prosperity.