Zhejiang Taihua New Material

Taihua New Materials released its 2026 interim report on August 26. Operating revenue for the reporting period was 3.387 billion yuan, up 8.37% year on year. Net profit attributable to the parent company was 384 million yuan, up 17.96% year on year. Deducted non-net profit attributable to the parent company was 356 million yuan, a sharp year-on-year increase of 73.29%. Net cash flow from operating activities was 966 million yuan, surging 267.76% year on year. Leveraging its integrated advantage across the full nylon industry chain, the company improved profitability through product mix optimization and higher volumes of high-value-added products. Operating costs rose only 2.38%, and gross margin improved. Research and development expenses were 175 million yuan, up 29.97% year on year. New production capacity at subsidiaries such as Jiangsu Special and Jiangsu Recycling is being gradually released, supporting performance. The company faces challenges including macroeconomic fluctuations, raw material price volatility, and exchange rate risks.