News | Half year reports released by companies such as Juhua, Dongyue, and Zhongjuxin

Recently, several major listed companies in the fluorine chemical industry have released their annual reports for the first half of 2025.
Juhua Corporation
On the evening of August 27th, Juhua Corporation released its semi annual report for 2025, achieving a revenue of 13.331 billion yuan, a year-on-year increase of 10.36%; The net profit attributable to shareholders of the listed company was 2.051 billion yuan, a year-on-year increase of 146.97%.

Main performance drivers:
During the reporting period, the company's main performance drivers included production and sales volume, product prices, raw material prices, etc. The main reason for the significant increase in performance is the sustained recovery in the price of the company's core product fluorine refrigerant, as well as the stable growth in production and sales of the company's main products, which has led to an increase in gross profit and profitability of the main business.
1. Due to further reduction in production quotas for second-generation fluorine refrigerants (HCFCs) this year; The production quota system for third-generation fluorine refrigerants (HFCs) has been implemented since 2024. After one year of operation, the factory and channel inventories have been fully digested, and downstream demand is strong. Coupled with the continuous improvement of industry ecology and competitive order, HFCs, as functional agents, "essential consumer goods" attributes, and the "gene" of the global "franchise" business model, have gradually formed. Product prices continue to recover and gross profit has increased significantly.
2. To achieve stable production and increase sales volume of major production facilities, laying a solid foundation for the company to increase production, improve quality, and increase efficiency.
3. The overall supply of non refrigerant chemical products is strong and demand is weak, with fierce competition, declining prices, and a year-on-year decline in profits. However, due to the deep decline in product prices for many years, the release of market risks is relatively sufficient, and the profit of the refrigerant business has increased significantly, its proportion in the main business revenue structure and profit structure has increased significantly, making the impact of non fluorine refrigerant business profit on the overall performance of the company relatively small.
Dongyue Group
On the evening of August 26th, Dongyue Group announced that for the six months ended June 30th, 2025, it had achieved a revenue of RMB 7.463 billion, an increase of 2.8% year-on-year; The gross profit was RMB 2.172 billion, an increase of 50.8% year-on-year; The profit attributable to the company's owners during the period was RMB 779 million, an increase of 153.28% year-on-year; Basic earnings per share are RMB 0.47.

Performance Description: In the first half of the year, with changes in external factors such as international tariff policies, the overall economic environment fluctuated, and the fluorosilicon chemical industry was also affected to some extent. Some products had weak market demand, fierce supply competition, and low product prices. However, due to quota factors, the prices of multiple products in the group's refrigerant business sector have significantly increased, which is an important support point for performance and a rare development opportunity. With years of operation in the refrigerant industry, the group has obtained a large quota and firmly seized this opportunity, benefiting from it and bringing significant growth to the group's performance in the first half of the year. In the first half of the year, the group's attributable profit increased by 153.28% year-on-year.
Zhongjuxin
On the evening of August 26th, Zhongjuxin released its semi annual report for 2025. According to the financial report, Zhongjuxin achieved a revenue of 567 million yuan in the first half of 2025, a year-on-year increase of 20.40%; Net profit was 8.1377 million yuan, a year-on-year decrease of 64.57%; The net profit after deducting non recurring expenses was RMB 969200, a year-on-year decrease of 92.24%.

Regarding the decline in performance, Zhongjuxin stated that due to factors such as changes in the market environment and intensified industry competition, the sales prices of some products have continued to decline; The raw material prices of some products have seen a significant increase, resulting in an increase in the production costs of the corresponding products.
Weihua New Materials
On the evening of August 26th, Weihua New Materials disclosed its semi annual report for 2025, achieving a revenue of 437 million yuan in the first half of the year, a year-on-year decrease of 30.71%; The net profit attributable to the parent company was 83.1532 million yuan, a year-on-year decrease of 52.91%; Basic earnings per share of 0.24 yuan.

Regarding the decline in performance, Weihua New Materials stated:
Affected by downstream demand in the agrochemical industry, the company's main product sales and prices have declined.
2. In terms of competitors, the release of new supply for some products in the company's segmented industries and the intensification of market competition have significantly squeezed the company's revenue space.
3. The subsidiary Fanghua trifluoromethylpyridine project is currently in the trial production stage, with relatively high start-up expenses.