Nantong Acetic Acid Chemical Co Ltd

Suhua Shares released its 2026 interim report. Total operating revenue was 1.414 billion yuan, and net profit attributable to the parent company was negative 6.0697 million yuan, swinging from profit to loss. This was a decrease of 8.6784 million yuan compared with the same period last year, down 332.68 percent year on year. Net cash flow from operating activities was negative 235 million yuan, a decrease of 179 million yuan from the same period last year. The company's asset-liability ratio was 43.69 percent, gross margin was 13.72 percent, return on equity was negative 0.34 percent, and diluted earnings per share was negative 0.03 yuan. The number of shareholders was 15,100, and the top ten shareholders held 48.35 percent of total share capital.

Suhua Chemical disclosed its 2026 semi-annual report on August 27. In the first half of the year, total operating revenue reached 1.414 billion yuan, up 1.10% year on year, but net profit attributable to the parent company showed a loss of 6.07 million yuan, compared with a profit of 2.61 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 14.48 million yuan, compared with a loss of 6.58 million yuan a year earlier. Net cash flow from operating activities was negative 235 million yuan, versus negative 56.45 million yuan in the prior-year period. During the reporting period, basic earnings per share were negative 0.0297 yuan, and the weighted average return on equity was negative 0.34%. The company is mainly engaged in the research, development, production and sale of high-end specialty fine chemicals based on acetic acid derivatives and pyridine derivatives.

Suhe Chemical disclosed its earnings forecast, expecting a net loss attributable to the parent of 5.6 million yuan to 6.6 million yuan in the first half of 2026, compared with a profit of 2.6087 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 14 million yuan to 15 million yuan, compared with a loss of 6.5835 million yuan in the same period last year. The company stated that rising prices of key raw materials put pressure on production costs, but by adjusting sales prices, the overall gross margin in the first half improved slightly year-on-year, and the main business operations stabilized and recovered. However, due to a high proportion of export sales, significant exchange rate fluctuations caused large exchange losses, and financial expenses increased substantially year-on-year, which had a notable impact on half-year profitability. The company said it will continue to implement the strategy of stabilizing foundations and improving quality and efficiency to drive sustained profit recovery.