Hualu Hengsheng updates share buyback, reports H1 revenue decline

Shandong Hualu Hengsheng Chemical announced progress on its share repurchase program, which began April 30, 2025, and is scheduled to conclude by April 29, 2026. As of September 30, 2025, the company had cumulatively repurchased 5,589,181 shares, representing 0.26% of its total share capital. The total amount spent on repurchases was CNY 129,389,600, with prices ranging from CNY 20.75 to CNY 26.00 per share. The repurchased shares are intended to reduce the company's registered capital. The repurchase price limit was adjusted from CNY 32.38/share to CNY 32.08/share after the 2024 annual equity distribution.

The company held a semi-annual performance briefing on October 9, 2025, reporting total operating revenue of CNY 15.764 bn for the first half of 2025, a 7.14% decrease year-on-year. Q2 revenue was CNY 7.992 bn, up 2.84% quarter-on-quarter. This decline was attributed to industry overcapacity, raw material price fluctuations, and pressure on product prices, which offset sales volume growth.

Hualu Hengsheng also announced a dividend plan for 2025, proposing a cash dividend of CNY 2.50 (pre-tax) per 10 shares based on total share capital after deducting shares in the company's special repurchase account. The company emphasizes a diversified development strategy focused on extending its existing chemical industry chain, alongside efforts in innovation, cost reduction, and efficiency improvements.