Multiple A-share companies report surging first-half net profits, with Shouhua Gas up over 2100%

Earnings

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Summary · why it matters

On the evening of August 23, multiple A-share companies disclosed their half-year reports, with earnings doubling or even growing severalfold. Shouhua Gas achieved first-half operating revenue of 1.747 billion yuan, up 30.52% year on year, and net profit attributable to shareholders of the listed company of 187 million yuan, up 2131.55% year on year. Dinggu Jichuang reported first-half net profit attributable to the parent of 106 million yuan, up 1678.13% year on year, mainly due to a fair value change gain of 141 million yuan recognized on its 6.22% stake in Hangju Technology. Wankai New Materials posted first-half net profit attributable to the parent of 562 million yuan, up 910.09% year on year, with gross margin for bottle-grade PET products rising to 9.64%. China Tungsten and Hightech Materials reported first-half net profit attributable to the parent of 2.076 billion yuan, up 280.53% year on year, with revenue growth driven mainly by higher prices for tungsten-related products. Yuegui Co., Ltd. posted first-half net profit attributable to the parent of 663 million yuan, up 182.76% year on year, while revenue from new energy materials surged 1252.68% year on year to 423 million yuan. Vanadium and Titanium Resources and Zhiguang Electric successfully turned losses into profits in the first half, reporting net profit attributable to the parent of 221 million yuan and 44 million yuan respectively. As of the evening of August 23, more than 1,700 A-share companies had completed their half-year report disclosures, with 60% of them posting year-on-year net profit growth and 18.8% doubling their net profit.