Yuanli Chemical Group Co Ltd

Yuanli Technology disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 1.317 billion yuan, up 18.02% year on year. Net profit attributable to the parent company was 147 million yuan, up 36.66% year on year. Net profit after deducting non-recurring items was 148 million yuan, up 40.24% year on year. Net cash flow from operating activities was negative 107 million yuan, compared with 7.0071 million yuan in the same period last year. Basic earnings per share were 0.71 yuan, and the weighted average return on equity was 4.22%, up 0.94 percentage points year on year. As of the end of the first half, the company's inventory book value was 416 million yuan, accounting for 11.89% of net assets.

Yuanli Technology released its 2026 interim report on August 26. Benefiting from higher product prices that boosted gross margin, results improved significantly during the reporting period, but operating cash flow came under heavy pressure due to increased prepayments for materials. The company posted operating revenue of 1.317 billion yuan, up 18.02% year on year; net profit attributable to shareholders of 147 million yuan, up 36.66%; and non-GAAP net profit of 148 million yuan, up 40.24%. Net cash flow from operating activities was negative 107 million yuan, turning negative from 7.01 million yuan in the same period last year. The company mainly develops and produces fine chemicals such as dimethyl dicarboxylate, fatty alcohols, plasticizers, and light stabilizers. Revenue from dimethyl dicarboxylate series products was 490 million yuan, and revenue from fatty alcohol series products was 499 million yuan, together contributing the vast majority of revenue. The company continued to optimize its product mix, with strategic products such as light stabilizers gradually ramping up. Projects under construction, including a 30,000-ton-per-year diol project and a 25,000-ton-per-year hindered amine light stabilizer project, are progressing in an orderly manner. The balance of construction in progress at the end of the period reached 649 million yuan, up 23.09% from the end of last year. Administrative expenses rose sharply by 42.97% year on year, mainly due to higher equity incentive expenses; research and development expenses increased 22.25% year on year to 55.16 million yuan. Looking ahead, the company is expected to benefit from growing demand for high-performance and environmentally friendly chemicals, but it needs to watch risks such as raw material price fluctuations, slower-than-expected ramp-up of new projects, and tight operating cash flow.