Luhua Technology disclosed its earnings forecast, expecting a net profit attributable to the parent company of 33 million to 55 million yuan in the first half of 2026, compared with a loss of 229 million yuan in the same period last year, turning from loss to profit year-on-year. Deducted non-recurring net loss is expected to be 67 million to 115 million yuan, compared with a loss of 239 million yuan in the same period last year. The company said the improvement in performance was mainly due to the recovery of the chemical market, with rising prices of products such as urea, hydrogen peroxide, and phosphorus trichloride, as well as the receipt of 155 million yuan in debt distribution from the bankruptcy reorganization case of Pingyuan Chemical.
Yangmei Chemical Co LtdChemical market recovery and rising product prices (urea, hydrogen peroxide, phosphorus trichloride) boost profitability.