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Henan Jinyuan Hydrogenated Chemicals Posts Lower H1 Profit
JINYUAN HCHEM: 2024 Interim Report
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
Jinyuan Hydrogen (02502.HK): achieved a net profit of 30.233 million yuan in the first half of the year.
On August 28, Glucose announced that for the six months ended June 30, 2024, it achieved revenue of RMB 1.602 billion, an increase of 49% year-on-year; gross profit was RMB 71.777 million, a decrease of 32.6% year-on-year; the company's attributable net profit was RMB 30.233 million, a decrease of 40.6% year-on-year; basic earnings per share was RMB 0.03.
JINYUAN HCHEM: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Sealand Securities: The cyclical upturn of PX and pure benzene is expected.
The pure benzene industry has limited new production capacity, and the supply-demand imbalance is expected to continue. Stimulated by demand, it is expected that the global pure benzene industry operating rate will rebound strongly from 2024 to 2026.
