Huajin Co. disclosed an earnings forecast, projecting a net profit attributable to the parent company of 350 million to 400 million yuan for the first half of 2026, compared with a loss of 989 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring net profit is expected to be 325 million to 375 million yuan, versus a loss of 1.006 billion yuan a year earlier. Basic earnings per share are estimated between 0.2188 yuan and 0.2501 yuan. The company said that a phased adjustment in global crude oil supply and demand drove up chemical product prices, and the release of low-priced crude oil inventories supported improved profitability. At the same time, through measures such as strengthening production and operation controls and optimizing product mix adjustments, operating conditions improved compared with the same period last year.
North Huajin Chemical Industries Co LtdCompany forecasts swing to profit of 350-400 million yuan from year-ago loss, driven by improved crude oil supply-demand and cost controls.