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.
Wanhua Chemical Group: Raw material prices affect Q2 net income, expected to see profit improvement in the second half of the year | Interpretations.
Wanhua Chemical Group released its half-year report with a revenue of 97.067 billion yuan in the first half of the year, an increase of 10.77% year-on-year, and a net income of 8.174 billion yuan attributable to shareholders, a year-on-year decrease of 4.6%. The main reason for the increase in revenue but not profit is the cost of raw materials. In the first half of the year, the average price of main raw material pure benzene increased by 24% year-on-year. Industry insiders say that the peak season in the second half of the year and the launch of new projects are expected to improve the company's profitability.
Futu Morning Post | Crazy bargain hunting? Goldman Sachs: Hedge funds are heavily buying American stocks; U.S. stocks stabilize and rebound! Nearly 80% of stocks on S&P 500 rose.
Market liquidity is flashing red lights again! The scale of the overnight reverse repurchase agreement of the Federal Reserve has reached a three-year low for several days; Goldman Sachs CEO: The US economy is resilient and the Federal Reserve is unlikely to act prematurely.
Jiangnan Shipyard has won a shipbuilding contract worth 1.9 billion US dollars from a joint venture company under ADNOC.
ADNOC L&S and Wanhua Chemical Group's joint venture, AW Shipping, awarded a shipbuilding contract worth approximately $1.9 billion to China's Jiangnan Shipyard. The contract includes building nine VLECs, two VLACs, and the option to increase two VLACs. These ships will be delivered by 2028 at the latest.
Emirates energy giant partners with Wanhua Chemical Group to build a special polyolefin project.
Wanhua Chemical Group's holding subsidiary Wanrong New Materials signed a project cooperation agreement with UAE's ADNOC, Nordic Chemical and Borealis Chemical. Meanwhile, Sinopec and its partners will jointly build a special polyolefin integrated facility in Fujian, with a production capacity of 1.6 million tons/year for the special polyolefin project.
Polyester major manufacturers demand rising in the first half of the year, Tongkun Group's net profit increased more than eight times year-on-year. | Quick announcement
The company expects a net income of 1 billion to 1.15 billion yuan in the first half of 2024, an increase of 849.4% to 991.81%; the company stated that sales volume and price difference of polyester filament products increased in the first half of the year; major polyester filament enterprises have resumed price increases at the end of June.
Li hexafluorophosphate increased in quantity and price decreased, do-fluoride new materials expects a more than 60% YoY decrease in net profit in the first half of the year | Speed Read Announcement
①Do-fluoride new materials has been under sustained pressure in terms of performance, and the company expects a nearly 80% year-on-year decline in net profit in the first half of this year; ②Other lithium hexafluorophosphate companies, such as Guangzhou Tinci Materials Technology and Tonze New Energy Technology, are also under performance pressure.
China Jushi Co., Ltd. net profit in the first half of the year decreased by more than 50%, can the four-wheel price increase repair industry profits? | Speed reading announcement
1. The company expects its net income attributable to the parent in the first half of the year to be between 825.2 million and 1.032 billion yuan, a year-on-year decrease of 50%-60%. 2. In the first quarter, the average price of fiberglass continued to decline, and the company's sales gross margin decreased to 20.13%. 3. The company conducted four rounds of price adjustments for its products in the first half of the year, and stated that product prices have recovered since the second quarter, with sales increasing significantly year-on-year.
Northbound fund's large buy report: Wanhua Chemical Group received a net sell of 466 million yuan.
On June 27th, northbound funds had a significant net sell of 10.958 billion yuan throughout the day.
Hubei Yihua Chemical Industry has partnered with Do-Fluoride New Materials to build a Central China Fluorosilicon Industry Park, seizing the fluorine chemical market. | Speed reading announcement
1. Yihua Chemical Industry in Hubei announced that the company has signed a framework cooperation agreement with the Management Committee of Yichang High-tech Zone and Do-Fluoride New Materials. 2. In fact, Yihua Chemical Industry in Hubei has long aimed to use fluorine resources associated with phosphorus ore. Since this year, its wholly-owned subsidiary has conducted the first public announcement of the environmental impact assessment for a total of 1.4 billion yuan in fluorine chemical projects.
Using quantity to make up for price? The first phase of Weihai Guangwei Composites' Inner Mongolia 4,000-ton carbon fiber production has started. The stock-based incentive target has been adjusted this year.
The first phase of Inner Mongolia Guangwei project, with an annual output of 4,000 tons of carbon fiber production line, has officially started operation. The price trend of civilian fiber is expected to have some pressure this year, but there will not be much room for further price cuts.
Refining and chemical leader Rongsheng Petrochemical re-received a warning letter and an accounting error is no longer a “first offense”
① The company received a warning letter from the Zhejiang Securities Regulatory Bureau due to inaccurate disclosure of non-net profit deducted in 2023; ② the matter had no impact on net profit returned to the mother in 2023; ③ Rongsheng Petrochemical previously received a warning letter from the Zhejiang Securities Regulatory Bureau and a supervisory letter from the Shenzhen Stock Exchange in 2023 due to irregular accounting processing.
Is Huakai eBay taking over Tongtuo Technology a good business? |Reporter's Observation
① Huakai eBai bought established cross-border e-commerce Tongtuo Technology from Huading Co., Ltd. with 700 million dollars in cash. Whether they can collaborate or is the key to success or failure. ② The case where two A-share listed companies obtain what they need through mergers and acquisitions to optimize asset allocation and focus on the core business has recovery value. Will there be more similar transactions in the future?
Xinzhoubang plans to invest 2.5 billion yuan to build a factory in the US, and the local government will provide ten years of partial tax relief
① Xinzhoubang announced that it will invest in a battery chemical project with a total market value of more than 20 billion yuan in Louisiana, USA, and the local government will provide partial tax relief for up to 10 years; ② However, this project is subject to review or approval by the relevant environmental protection, safety, construction and operation authorities of the place where the project is being implemented, and there is still uncertainty.
The quarterly adjustment of the MSCI Index excludes 15 Hong Kong stocks. The effective date is scheduled for early June
① Which individual stocks will MSCI China adjust quarterly? ② How much impact does the MSCI Index have on the market?