Zhejiang Juhua: Net profit jumped 160.2% on strong refrigerant prices and robust revenue growth

Revenue and net profit saw strong double- and triple-digit growth year-over-year, with net profit up nearly 147% and operating cash flow up over 340%. No major events or changes in capital structure occurred during the period.

Original document: Zhejiang Juhua Co., Ltd. Class A [600160] Interim report — Aug. 28 2025

Chinese shares are flat in negative territory as sentiment was dampened over an increase in inflation.

The Shanghai Composite Index marginally slid to close Wednesday's trade at 3,493.05, while the Shenzhen Component Index moderately fell to

10,581.80.

China's consumer price index rose 0.1% in June from a year earlier, reversing the 0.1% decline in May and higher than the Reuters poll prediction of an unchanged outcome.

Meanwhile, the country's producer prices fell 3.6% year over year in June, with the drop being the fastest in almost two years. The decline was steeper than the 3.3% decrease in May and the 3.2% drop forecasted in a Reuters poll.

In corporate news, Autel Intelligent Technology fell 3.4% after buying back shares for 100.2 million yuan.

Zhejiang Juhua dropped 4.3% despite its total operating income growing 27% year on year to 11.7 billion yuan in the first half.

Zhejiang Juhua's total operating income grew 27% year on year to 11.7 billion yuan in the first half, according to a Wednesday filing with the Shanghai bourse.

Total production volume at the chemical producer inched up 5.1% on year to about 3 million tons during the half, while export volume increased 6.8% to 1.6 million tons from a year ago, the filing said.

Shares fell 4% during afternoon trading on Wednesday.

Zhejiang Juhua expects its net profit attributable to shareholders in the first half to soar to 136% to 155% year on year, posting between 1.97 billion yuan and 2.13 billion yuan, according to a Shanghai bourse filing on Wednesday.

The Chinese power supply services provider's attributable profit a year earlier was 834.2 million yuan.

The company's shares dropped more than 4% during late morning trade.

Zhejiang Juhua's shares fell around 2% following plans to raise a subsidiary's capital for a wind power project.

The Chinese power supply services provider's subsidiary, Gansu Juhua New Materials, will increase the capital of its wholly-owned subsidiary, Juhua New Energy (Yumen), by 800 million yuan, according to a Shanghai bourse filing on Saturday.

The funds will be used for the 1-gigawatt wind power project in Yumen City, Jiuquan, Gansu Province, China, which is worth 3.74 billion yuan. The project is scheduled to begin construction in July and is expected to be commissioned in April 2026.

The project is expected to generate an estimated total operating profit of $3.42 billion during its 20-year lifecycle.

Juhua New Energy's capital will increase to 850 million yuan from 50 million yuan.

Q1 2025 saw revenue rise 6.05% and net profit surge 160.64% year-over-year, driven by higher sales and improved margins. Operating cash flow and asset base both increased, with non-recurring gains contributing modestly.

Original document: Zhejiang Juhua Co., Ltd. Class A [600160] Interim report — Apr. 29 2025