Chemical firm expects significant profit surge in first half

Haohua Chemical Science & Technology Corp (SSE:600378) anticipates a significant increase in its net profit attributable to shareholders for the first half of 2025. The company estimates net profits to range between CNY 590 million and CNY 650 million, marking a year-over-year increase of 59.30% to 75.50% compared to restated figures from the previous year. Excluding non-recurring gains and losses, the estimated net profit is expected to be between CNY 575 million and CNY 635 million, representing a 55.84% to 72.11% increase compared to restated 2024 figures. The company attributes this growth to the consolidation of companies, particularly the merger with China National BlueStar Group and Guilin Blue Yu Aviation Tyre Development, which has expanded its asset base and revenue. Improved operational efficiencies, the integrated management of its fluorochemical business, and high prices for refrigerant products also contributed to the boosted earnings.