Multiple leading fluorochemical companies achieved record high performance in the first half of the year, and the high prosperity of refrigerants is expected to continue

Driven by the simultaneous rise in the quantity and price of core product refrigerants, several leading fluorochemical companies have seen significant profit growth in the first half of this year. According to the semi-annual report released by ZJJH, the company achieved a net profit attributable to shareholders of 2.051 billion yuan in the first half of the year, a year-on-year increase of 146.97%, surpassing the total for the entire last year. It is noteworthy that not only ZJJH, but also Sanmei, Yonghe, Dongyangguang, and other fluorochemical listed companies whose main business is refrigerants have all achieved year-on-year performance doubling in the first half of the year. In a research report, Founder Securities stated that under the quota system, the supply of refrigerants is limited, leading to a significant improvement in the industry ecology and competitive order. At the same time, the home appliance replacement policy drives domestic demand growth, while urbanization and consumption upgrades in global southern countries continue to drive international market demand growth, resulting in a sustained improvement in the supply and demand situation for refrigerants, with an upward trend in refrigerant prosperity remaining unchanged