Jiangsu Yida Chemical Co Ltd Class A

Yida Chemical announced on September 29 that it plans to issue shares to specific investors, raising total proceeds of no more than 636 million yuan. The funds will be directed to two projects: first, an annual production capacity of 200,000 tonnes of propylene oxide and ethylene oxide derivatives; second, a technical upgrade project at Zhuhai Yida Chemical for the purification, blending, and filling of 25,000 tonnes per year of PM, PMA, and thinner liquids.

Yida Chemical released its 2026 interim report, swinging to a profit. During the reporting period, the company achieved operating revenue of 1.135 billion yuan, up 64.43% year on year. Net profit attributable to the parent was 30.7898 million yuan, compared with a loss of 62.9838 million yuan in the same period last year. Net profit after deducting non-recurring items was 29.8521 million yuan, also turning positive. Net cash flow from operating activities was 56.405 million yuan, a sharp increase of 721.38% from negative 9.0774 million yuan a year earlier. Overall gross margin turned positive to 10.68%. Propylene oxide product revenue reached 271 million yuan, surging 135 times year on year, but its gross margin remained at negative 0.33%, with the loss narrowing significantly. Net profit of subsidiaries Jilin Yida and Zhuhai Yida rose 140.35% and 929.37% year on year respectively.