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Zhejiang Juhua (SHSE:600160) May Have Issues Allocating Its Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an
Announcement of expected increase in performance for the first half of 2024 by Zhejiang Juhua Corporation.
Zhejiang Juhua (600160.SH): Net income in the first half of the year is expected to increase by 51% to 80%.
On July 9th, Gelonhui reported that Zhejiang Juhua (600160.SH) expects its net income attributable to shareholders of listed companies in the first half of 2024 to be between ¥0.74 billion and ¥0.88 billion, an increase of ¥0.25 billion to ¥0.39 billion compared to the same period last year, a year-on-year increase of 51% to 80%. The company is expected to have a net income attributable to shareholders of listed companies in the first half of 2024 of ¥0.7 billion to ¥0.84 billion after deducting non-recurring losses and gains, an increase of ¥0.244 billion to ¥0.384 billion compared to the same period last year, a YoY increase of 53% to 84%. During this period, the company's main product production and sales were affected.
Zhejiang Juhua (600160.SH): The company's total production quota and refrigerant variety quota are in an absolute leading position in China.
On July 8th, Gelonhui reported that Zhejiang Juhua Co., Ltd. (600160.SH) stated on the investor interaction platform that currently in China, the second-generation fluorine refrigerants (HCFCs) and third-generation fluorine refrigerants (HFCs) are subject to quota management, and the company's total production quota and refrigerant variety quota are in an absolute leading position in the domestic market.
Zhejiang Juhua (600160.SH): currently has an annual production capacity of 30,000 tons of R32.
Zhejiang Juhua (600160.SH) stated on the interactive platform on July 8th that it currently has an annual production capacity of 30,000 tons of R32.
Guosen Securities: Bullish on the continued prosperity of the third-generation refrigerant market, recommending a focus on fluorine chemical and upstream resource leaders.
Guosen Securities released a research report stating that with the implementation of quota management, the continuous deepening of supply-side structural reforms, and the trend of concentrated industry competition, and with downstream demand continuing to steadily grow, new areas and emerging markets demand developing rapidly, we are bullish on the continued prosperity of third-generation refrigerants. The supply-demand situation is trending positively and the development trend is highly certain.
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