Zhejiang Yonghe Refrigerant Co Ltd

Yonghe Shares has released its 2026 interim report, with net profit attributable to the parent company of 513 million yuan. The company's total operating revenue was 3.134 billion yuan, and net cash inflow from operating activities was 424 million yuan. The latest asset-liability ratio was 32.90 percent, up 1.38 percentage points from the previous quarter. Gross margin was 30.43 percent, return on equity was 8.49 percent, and diluted earnings per share was 1.00 yuan. The company had 59,300 shareholders, and the top ten shareholders held 263 million shares, accounting for 51.48 percent of total share capital.

Yonghe Shares disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 3.134 billion yuan, up 28.16% year on year, and net profit attributable to the parent of 513 million yuan, up 89.01% year on year. It also plans to pay its first interim dividend since listing. The company's average gross margin was 30.43%, up 5.14 percentage points from the same period last year. Basic earnings per share were 1.00 yuan, and net cash flow from operating activities was 424 million yuan. The profit growth was mainly driven by strong performance in the fluorocarbon chemicals business and increased profit contribution from the fluoropolymer materials business. Revenue from the fluorocarbon chemicals segment was 1.501 billion yuan, and revenue from the fluoropolymer materials segment was 1.226 billion yuan. The company plans to distribute a cash dividend of 0.25 yuan per share to all shareholders, totaling about 127 million yuan, accounting for 24.74% of first-half net profit attributable to the parent. Controlling shareholder Tong Jianguo would receive cash dividends of more than 46 million yuan from his direct shareholding alone.

Yonghe Shares' public offering of convertible bonds application has been accepted by the Shanghai Stock Exchange. The expected funds to be raised this time are 2.2 billion yuan, with CITIC Securities as the sponsor.

Yonghe Shares announced that on August 3, 2026, the company completed its first share buyback through centralized competitive trading, repurchasing 260,000 shares, accounting for 0.05 percent of total share capital. The transaction price ranged from 31.29 yuan to 31.55 yuan per share, with a total payment of 8.1774 million yuan. This buyback is part of a plan approved at the company's third extraordinary general meeting of 2026. The total buyback amount under the plan is no less than 150 million yuan and no more than 300 million yuan, of which 120 million to 240 million yuan will be used for cancellation to reduce registered capital, and 30 million to 60 million yuan will be used for employee stock ownership plans or equity incentives. The buyback price cap is 38 yuan per share, and the implementation period is within nine months after approval by the general meeting.

A number of A-share companies have collectively disclosed their share buyback progress for July, with leading firms making sizable repurchases that stood out in the market. Baijiu leader Wuliangye bought back approximately 802 million yuan in July alone, bringing its cumulative buyback amount to about 1.002 billion yuan as of July 31. The company had earlier approved a plan to repurchase shares worth between 8 billion and 10 billion yuan within 12 months. Luxshare Precision had spent a total of about 1 billion yuan on its A-share buybacks by the end of July. Yonghe Shares completed its first buyback of roughly 8.1774 million yuan on the very first trading day after its shareholders' meeting approved a 150 million to 300 million yuan repurchase plan. In addition, Daqin Railway plans to buy back shares worth 400 million to 500 million yuan and cancel all of them to reduce registered capital. Sungrow Power intends to use 500 million to 1 billion yuan for share buybacks to fund employee stock ownership plans or equity incentives. Unilumin Group, PoCo Holding, Hongjing Technology, and Shenglan Technology also disclosed buyback plans ranging from tens of millions of yuan to 200 million yuan.

Recently, multiple listed companies have announced they have obtained special loans for share buybacks, aimed at repurchasing shares to boost investor confidence, with many exceeding 100 million yuan. Chenghe Technology received a loan commitment letter from the Guangzhou Baiyun Sub-branch of Bank of China for up to 126 million yuan, with a term of no more than three years. Yonghe Shares obtained a loan facility of up to 270 million yuan from the Quzhou Branch of Industrial and Commercial Bank of China, with a three-year term. Shiyun Circuit received a loan commitment letter from the Jiangmen City Branch of China Construction Bank for 270 million yuan, with an interest rate as low as 1.8 percent and a term of one to three years. The cooperating banks are mainly large state-owned banks, but also include some joint-stock banks. For example, Tonghe Technology obtained credit support of up to 63 million yuan from the Shijiazhuang Branch of Industrial Bank. Banking sources say that special loans for share buybacks help stabilize stock prices. The People's Bank of China provides re-lending support at 100 percent of the loan principal, but attention must be paid to risks such as fund misappropriation, share price fluctuations, and customer credit.

Yonghe Shares has obtained a commitment letter for a special stock buyback loan from the Quzhou branch of Industrial and Commercial Bank of China. The loan amount is up to 270 million yuan, with a term of three years, specifically for repurchasing company shares. Previously, the company planned to buy back shares with an amount ranging from 150 million to 300 million yuan, for cancellation, capital reduction, and employee stock ownership plans.

Yonghe Shares released its first-half 2026 performance flash report, achieving operating revenue of 3.134 billion yuan, up 28.16% year-on-year. Net profit attributable to shareholders of the listed company reached 513 million yuan, a year-on-year increase of 89.01%. The performance growth was mainly due to fluorocarbon chemicals benefiting from industry quota policy constraints, tightening supply coupled with recovering downstream demand, and major refrigerant product prices remaining at high levels. The company leveraged its integrated industrial chain advantages to achieve simultaneous improvement in revenue and gross profit. Among this, second-quarter net profit was 333 million yuan, up 84% quarter-on-quarter.

Yonghe Co. announced that it plans to repurchase shares for 30 million to 60 million yuan, to be used for employee stock ownership plans or equity incentives, with a buyback price not exceeding 38 yuan per share.