Nafine Chemical Group Q3 net profit surges 26% amid governance overhaul

Nafine Chemical Industry Group announced strong financial performance for the third quarter of 2025, with net profit attributable to shareholders reaching 689,186,742.30 yuan, a 26.07% increase year-on-year. Operating income rose 9.56% to 19,972,926,977.85 yuan. The company also reported a 23.05% increase in net profit excluding non-recurring gains and losses, totaling 679,568,317.51 yuan.

These positive financial results coincide with substantial corporate governance reforms. The company will hold a provisional shareholders' meeting on November 12, 2025, to approve amendments to its articles of association and rules of procedure for shareholder and board meetings. Key changes include the abolition of the supervisory board, with its functions transferred to the audit committee, and a revised framework for related-party transactions and guarantees.

Shareholders will vote on adjustments to the company's organizational structure, including the establishment of new specialized committees for strategy, nomination, and compensation. These changes aim to enhance corporate governance and align with the latest legal and regulatory requirements.