Huafon Chemical’s net profit in the first half of 2022 was 2.395 billion, a year-on-year decrease of 38%

Latest News: On August 4th, Huafeng Chemical released the 2022 semi-annual report. The announcement showed that the operating income from January to June in 2022 was 13,837,551,454.76 yuan, an increase of 7.31% over the same period of the previous year; The net profit of shareholders of the listed company was RMB 2,394,611,251.88, a decrease of 37.81% over the same period of the previous year. Basic earnings per share was 0.50 yuan per share, compared with 0.83 yuan per share in the same period last year.

The current international situation is complex and volatile. Affected by repeated epidemics, geopolitics, high inflation and many other factors, the downward pressure on the global economy has intensified. Under the above background, during the reporting period, the operating cost was 10,297,740,779.74 yuan, a year-on-year increase of 33.63%. The company’s main raw materials With the price increase, the production cost increased year-on-year, and the net profit attributable to shareholders of the listed company was 2.395 billion yuan, a year-on-year decrease of 37.81%. Facing the complex and changeable business environment, the company carries out various tasks around the established development strategy and annual business policy, actively responds to the market, adjusts business strategies in a timely manner, effectively prevents and controls market risks, and at the same time pays close attention to internal management and strengthens costs. Expense control, improve quality and efficiency, enhance the company’s ability to resist cyclical risks, and ensure stable business development.

According to the data, during the reporting period, the company was mainly engaged in the research and development, production and sales of polyurethane products such as spandex fiber, polyurethane stock solution, and adipic acid.