JINYUAN HCHEM (02502.HK): H1 Revenue RMB 1.54bn, Up 7.0%; Profit RMB 41.6mn Turns to Profit

NewTimeSpace News: On 23 September 2026, Henan Jinyuan Hydrogenated Chemicals Co., Ltd. (the "Company") published its interim report for the six months ended 30 June 2026. Revenue amounted to approximately RMB 1,543.5 million (RMB 15.44 billion), up about 7.0% from RMB 1,442.2 million (RMB 14.42 billion) a year earlier; gross profit was about RMB 112.8 million (RMB 1.13 billion), up about fourfold; and profit for the period was about RMB 41.6 million, against a loss of about RMB 9.3 million a year earlier, turning to profit.

The announcement disclosed that the Group is a Henan-based supplier of hydrogenated phenyl chemicals and energy products, mainly engaged in processing crude benzene into pure benzene, toluene and xylene, and processing coke-oven gas into gas, liquefied natural gas (LNG) and hydrogen. During the period, the average selling price of hydrogenated phenyl chemicals rose from RMB 5,266.23/tonne to RMB 5,876.33/tonne and that of LNG from RMB 3,890.58/tonne to RMB 4,529.06/tonne, driving the sharp gross-profit improvement; gross margin rose from 1.6% to 7.3%.

The Company stated that as of 30 June 2026, total assets were about RMB 1,521.0 million (RMB 15.21 billion), slightly up from RMB 1,516.2 million at end-2025; total equity was about RMB 1,092.7 million (RMB 10.93 billion), up about 3.9% from RMB 1,051.2 million at end-2025. Basic EPS for the period was about RMB 0.04 (against a loss per share of RMB 0.02 a year earlier), and the Group declared no interim dividend.

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