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Huafon Chemical Starts Production at Adipic Acid Plant
Express News | Huafon Chemical: The 1.15 million tons per year adipic acid expansion project (Phase VI) has recently been officially put into operation.
Huafon Chemical (002064.SZ): The downturn in the market for adipic acid has put pressure on performance.
The declining demand for adipic acid has put pressure on the company's performance. In the first three quarters, the company achieved revenue of 20.373 billion yuan, a year-on-year increase of 3.51%; achieved net income attributable to the parent company of 2.015 billion yuan, a year-on-year increase of 4.46%. Q3 achieved in a single quarter.
How will Huang Hai, Feng Mingyuan, and Hu Xinwei adjust their portfolios in the fourth quarter? Huang Hai still loves the coal sector, frequently noticing foreign capital adjusting their holdings in chemical materials stocks.
Since the fourth quarter, well-known fund managers such as Huang Hai, Feng Mingyuan, Zhao Bei, Gao Nan, and Zhu Hongyu have been among the top ten shareholders of new stocks in their managed products; Additionally, Hu Xinwei and Tang Xiaobin have exited the top ten shareholders of certain stocks in their managed products; Frequent signs of foreign capital adjusting positions can be seen in several chemical material stocks.
Huafon Chemical (002064): Intends to acquire group synthetic resin and TPU assets, extending the polyurethane integrated platform again. The elastic spandex can be expected.
Investment Highlights: The company disclosed the reorganization plan, intending to acquire the group's assets of synthetic resin and TPU. On November 1, 2024, the company issued the "Proposal for Issuing Shares and Paying Cash to Purchase Assets and Related Party Transactions," intending to acquire from Huafeng Group.
Express News | Nearly 20 A-share listed companies disclosed the latest announcements of mergers and acquisitions this week. cccg real estate corporation plans to acquire 100% equity of cccg service for 0.7 billion yuan.