Significant increase in net profit! Juhua Corporation releases its 2024 annual report!

Recently, Juhua Corporation released its 2024 annual report. In 2024, Juhua Corporation achieved a revenue of 24.462 billion yuan, a year-on-year increase of 18.43%; The net profit attributable to shareholders of the listed company was 1.96 billion yuan, a year-on-year increase of 107.69%; The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses was 1.903 billion yuan, a year-on-year increase of 131.40%.
Juhua Corporation stated that the significant growth in performance in 2024 is mainly due to the optimization of the supply and demand pattern, competition pattern, and competition order of the second and third generation fluorine refrigerants under the production quota system, as well as the improvement of downstream demand. The rationality of product prices has returned to an upward trend, with a large increase and significant profit growth. The overall supply of non refrigerant chemical products is strong and demand is weak, with fierce competition, declining prices, and decreasing profits. However, due to the significant increase in profitability of the refrigerant business, its proportion in the main business revenue structure and profit structure has increased significantly, resulting in a significant increase in overall performance. In addition, factors such as raw material prices, variety structure adjustments, production and sales volume, and expenses also have a significant impact on performance.
In terms of products, in 2024, Juhua Group's fluorine chemical raw material production was about 1.114 million tons, a year-on-year increase of 6.22%, and its operating revenue was about 1.234 billion yuan, a year-on-year increase of 17.54%; The refrigerant production was about 591400 tons, a year-on-year increase of 21.12%, and the operating revenue was 9.447 billion yuan, a year-on-year increase of 62.69%; The production of fluoropolymers is about 45600 tons, a year-on-year decrease of 15.53%, and the operating revenue is about 1.773 billion yuan, a year-on-year decrease of 8.26%; The production of fluorine-containing fine chemicals is about 5345.82 tons, a year-on-year increase of 148.99%, and the operating income is 278 million yuan, a year-on-year increase of 99.48%.