Xinxiang Chemical Fiber has disclosed its performance forecast for the first half of 2026, estimating net profit attributable to shareholders of the listed company at 300 million to 400 million yuan, a year-on-year increase of 378.09 percent to 537.45 percent. Deducted non-recurring net profit is expected to be 280 million to 380 million yuan, up 670 percent to 945 percent year-on-year. The company said the profit improvement was mainly due to increased sales volumes of biomass cellulose filament yarn and spandex fiber, along with higher gross margins for spandex fiber, leading to a substantial year-on-year increase in gross profit from main products. The spandex industry has seen a recovery, with mainstream 40D spandex quotes fluctuating upward from 23,000 yuan per tonne at the start of the year to nearly 30,000 yuan per tonne by early July. Xinxiang Chemical Fiber currently has an annual production capacity of 110,000 tonnes of biomass cellulose filament yarn and 200,000 tonnes of spandex fiber, with spandex fiber capacity utilization reaching 100.76 percent as of the end of 2025. The company also plans to raise no more than 1.3 billion yuan through a private placement to fund projects including high-quality biomass cellulose filament yarn and supporting facilities.
Xinxiang Chemical Fiber Co LtdExpects first-half net profit to surge over threefold due to higher sales volumes and gross margins
Zhejiang Huafon Spandex Co LtdSpandex industry recovery and price increases benefit peer Huafon Spandex as well