Jiangtian Chemical released its 2026 interim report. In the first half, it achieved operating revenue of 962 million yuan, up 27.76 percent year on year. Net profit attributable to the parent company was 59.41 million yuan, up 22,955.37 percent. Non-GAAP net profit was 58.80 million yuan, up 2,867.45 percent. Gross margin reached 12.70 percent, up 9.98 percentage points year on year, and net margin rose to 6.18 percent from 0.03 percent a year earlier. Revenue from functional chemicals and polymer materials was 658 million yuan, accounting for 68.47 percent of total revenue. Gross margin in that segment rose 11.13 percentage points year on year, making it the core driver of the overall profit improvement. Net cash flow from operating activities was 51.81 million yuan, down 53.54 percent year on year, mainly because of corporate income tax paid on relocation compensation, a one-time tax payment. The company's project to relocate beyond one kilometer from the Yangtze River for safety and environmental improvement officially began production in July 2026, with cumulative investment of 656 million yuan and progress reaching 100 percent. It also received a fourth relocation compensation payment of 83.08 million yuan. The company will not distribute cash dividends, bonus shares, or convert capital reserves into share capital for the first half of 2026.
Nantong JiangTian Chemical Co. Ltd.Net profit surged 22,955% with improved margins, core driver of profit improvement.
