Huafeng Chemical: Net profit in the first half of the year is expected to drop by 37.67%-42.87% year-on-year

Latest News: Huafon Chemical released a performance forecast on the evening of July 11. It is expected that the net profit attributable to the parent in the first half of 2022 will be 2.2 billion yuan to 2.4 billion yuan, a year-on-year decrease of 37.67%-42.87%. In the first half of 2022, compared with the same period of the previous year, the prices of the company’s main raw materials have risen, production costs have risen sharply year-on-year, and the company’s profitability has fallen sharply compared with the same period of the previous year. As a result, the company’s operating performance in the first half of 2022 is expected to decline year-on-year.