On August 14th, Gelunhui reported that Anhui Huilong Agricultural Means of Production (002556.SZ) released its semi-annual report, achieving revenue of 8.921 billion yuan during the reporting period, a year-on-year decrease of 2.21%. The net income attributable to shareholders of the listed company is 0.176 billion yuan, a year-on-year decrease of 28.33%.
As the market rebounds, Haihua Technology seizes the golden production period, highlighting its advantages in the industry chain. Operating profit has increased by 124.52% compared to the same period last year. During the first half of 2024, all production units operate well, with strong sales and profits. Menthol is produced stably and in short supply, leading to significantly increased profits. BHT linkage with internal and external sales achieved breakthroughs, stabilizing the leading domestic and international positions. The sales of racemic menthol and thymol have broken through, forming a stable income. 2,3,6-trimethylphenol (VE intermediate) has been produced successfully, forming cooperation with some VE manufacturers. At the same time, we firmly implement international layouts and significantly increase export volume and export revenue compared to the same period of the previous year. Based on the optimization and extension of the industry chain demand, we continue to carry out technological innovation and product upgrades, and optimize the performance of independently developed 2,3,6 catalysts. Joint research and development cooperation has been conducted with universities and research institutions and testing platforms, fully promoting the process route and industrialization plan of meta-cresol propane alkylation, downstream development of L-menthol products, hydrogenation catalysts, phenol methylation and o-cresol transformation.