Huajin Shares announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 350 million and 400 million yuan, swinging from a loss to a profit year-on-year. The change in performance is mainly due to adjustments in global crude oil supply and demand driving up chemical product prices, coupled with the release of the company's low-cost crude oil inventories, strengthened operational management and control, optimized product mix, and cost reduction and efficiency improvement measures, leading to an improvement in operating conditions compared to the same period last year. The company's first-quarter net profit was 44 million yuan, implying an estimated quarter-on-quarter increase of 589% to 701% in second-quarter net profit.
North Huajin Chemical Industries Co LtdCompany expects first-half 2026 net profit of 350-400 million yuan, swinging from loss to profit.