Zhejiang Jihua Group Co Ltd603980
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Net profit surged 1235.47% YoY due to higher product prices, driving strong earnings.
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Zhejiang Jihua Group Co LtdJihua Group disclosed its 2026 half-year report on the evening of August 27. In the first half, it achieved operating revenue of 796 million yuan, up 12.27% year on year. Net profit attributable to shareholders of the listed company was 46.1628 million yuan, a sharp year-on-year increase of 1235.47%. The company said the rise in operating revenue was mainly due to a substantial increase in product prices compared with the same period last year. Jihua Group focuses on dyes, dye intermediates and other chemical products. It has total dye production capacity of nearly 100,000 tonnes, including 75,000 tonnes of disperse dyes, 20,000 tonnes of reactive dyes and 5,000 tonnes of other dyes. It also has 20,000 tonnes of H acid capacity, 330,000 tonnes of sulfuric acid capacity, 6,000 tonnes of coatings capacity and 6,000 tonnes of polyurethane sponge capacity. Since the beginning of this year, the company's share price has risen by more than 30% cumulatively, outperforming the broader market over the same period.
Zhejiang Jihua Group Co LtdNet profit surged 1235.47% YoY due to higher product prices, driving strong earnings.