The overall weakness of the fluorine chemical industry is not concealed by the soaring refrigerant prices. Zhejiang Juhua's net profit in Q2 is lower than the peak in the same period of 2022. interpretations
① In Q2, the net profit attributable to shareholders of Zhejiang Juhua was 0.524 billion yuan, lower than the same period of 2022; ② H1 net profit attributable to shareholders increased by 70.31% YoY, facing greater profit growth pressure in H2; ③ Refrigerants performed well while other fluorine chemical products dragged down performance; ④ The company's diversification strategy does not currently have an advantage in the industry.
The racetrack is cooling down! The gross margin of sinoma science & technology's three major businesses has all declined | interpretations.
1. Sinoma Science & Technology's net income dropped by more than 60%, with the revenue and gross margin of the blade, fiberglass, and lithium battery separator businesses all declining year-on-year; 2. Wind turbine prices are expected to remain low in the short term, and the profitability of companies in the industry has decreased; 3. Fiberglass inventory has decreased, but prices have not yet recovered to the same level as the previous year; 4. The lithium battery separator is currently oversupplied, leading to intense cost and price competition.
One makes a profit and the other loses money. The two projects that Red Avenue New Materials invested in four years ago have now become completely different creatures. | Interpretation of financial reports
① Red Avenue New Materials Group released its semi-annual report, with net profit increasing by over 40% in the first half of the year; ② The photoresist business was the main driver of the company's growth in the first half of the year, while the PBAT business saw a devaluation of over 94 million yuan in the first half of the year, dragging down the company's performance; ③ Both the photoresist and PBAT projects were invested in four years ago, and now the PBAT project is completely different from the photoresist business.
The Hong Kong stock market is strong, with a stock soaring over 123% during intraday trading! What happened?
With the rise in market activity, the Hong Kong stock market has also seen frequent appearances of "monster stocks".
Collaborating with Saudi Aramco for insider trading, many members of the Rongsheng system management are involved in the "nest case".
Rongsheng Petro Chemical and affiliated enterprise management engaged in insider trading by borrowing from Saudi Aramco. Four people including the company's secretary and the vice general manager of affiliated companies were directly involved. By advance positioning, these insiders collectively gained profits over 3.5 million yuan. Their illegal gains were confiscated, and they were fined over 11.2 million yuan.
Instead of looking at whether or not fines were received, the focus is on how many fines were received, with leading brokerages receiving a high number of fines, mostly from investment banks.
① In the year when Andak Technology, sponsored by Citic Securities, went public, the non-deductible loss was 0.634 billion yuan, and Hengyi Petrochemical's convertible bonds had an operating profit decrease of more than 50% in the year of issuance; ② In Bonam Precision, which terminated its IPO withdrawal, the sponsor did not execute the verification procedure properly and did not carefully check abnormal situations.