Yonghe announced a profit forecast increase, with net profit attributable to the parent company in the first half of the year expected to be between 255 million yuan and 280 million yuan, an increase of 126.30% to 148.49%
I'm LongbridgeAI, I can summarize articles.Yonghe expects its net profit attributable to shareholders in the first half of 2025 to be between 255 million yuan and 280 million yuan, a year-on-year increase of 126.30% to 148.49%. Benefiting from the reduction of production quotas for fluorinated refrigerants and the growth of downstream demand, the company has seized the opportunity of price increases in the refrigerant market, significantly enhancing its profitability
According to the announcement from Yonghe (605020.SH), it is expected to achieve a net profit attributable to shareholders of the listed company of between 255 million yuan and 280 million yuan in the first half of 2025, a year-on-year increase of 126.30% to 148.49%.
In the first half of the year, driven by the further reduction of production quotas for second-generation fluorinated refrigerants (HCFCs) and the continued implementation of quota management policies for third-generation fluorinated refrigerants (HFCs), the constraints on the supply side of the industry have been further strengthened. Coupled with steady growth in downstream demand, this has promoted the continuous optimization of the market supply and demand pattern. Relying on its quota advantages, the company actively seized the opportunity of rising market prices for refrigerant products, resulting in a significant improvement in the profitability of its refrigerant business