Phosphorus chemical sector sees late-session surge; Chengxing shares hit limit up in one minute

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On August 5, the phosphorus chemical sector saw unusual movement in late trading, with Chengxing shares surging straight up and hitting the daily limit in one minute, closing at 11.03 yuan per share and a total market value of 7.465 billion yuan. Xingfa Group, Chuan Jinnuo, and Chuanheng shares also rose in tandem. Chengxing expects its net profit attributable to the parent company for the first half of 2026 to be between 94.4 million and 140 million yuan, a year-on-year increase of 409% to 657%. The performance growth was mainly driven by the international geopolitical situation and demand from the new energy industry, with prices of yellow phosphorus and phosphoric acid products rising year-on-year and a significant increase in phosphoric acid sales. Public information shows that the company is mainly engaged in fine phosphorus chemical products such as yellow phosphorus, phosphoric acid, and phosphates, and has an integrated industrial chain from mining, power, and yellow phosphorus to fine phosphorus chemical products, with an annual production capacity of 160,000 tonnes of yellow phosphorus and 300,000 tonnes of phosphoric acid.

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