Juhua's first-half net profit rises nearly 30 percent, cash flow declines and receivables surge

Earnings
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Juhua Corporation disclosed its 2026 interim report. In the first half, revenue reached 13.34 billion yuan, a slight year-on-year increase of 0.07 percent, while net profit attributable to the parent company was 2.65 billion yuan, up 29.23 percent year-on-year. However, net cash flow from operating activities fell 12.57 percent year-on-year to 2.331 billion yuan, mainly because accounts receivable and notes receivable grew 58.96 percent from the end of last year to about 1.76 billion yuan. The company's net profit growth slowed quarter by quarter, from 94.29 percent in 2025 to 45.93 percent in the first quarter, and further to 29.23 percent in the first half. Refrigerants remained the core profit driver. In the first half, the average price rose 15.62 percent year-on-year to 45,521.40 yuan per ton, contributing an additional profit of 917 million yuan, accounting for 78 percent of the total profit increase.

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Zhejiang Juhua Co Ltd
600160
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Refrigerant prices rose 15.62% year-on-year, driving profit growth despite revenue stagnation.