Huafon Chemical Co. (002064) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥14.17 billion, up 16.73% year-over-year, with net profit attributable to shareholders at ¥1.98 billion, a 101.64% increase year-over-year.

• All major business segments (spandex, polyurethane, adipic acid) maintained global leadership in production capacity and market share.

• The company continued to strengthen its integrated industrial chain, cost control, and R&D, enhancing resilience against market cycles.

Financial highlights

• Operating income: ¥14.17 billion, up 16.73% year-over-year.

• Net profit attributable to shareholders: ¥1.98 billion, up 101.64% year-over-year.

• Operating cash flow: ¥1.37 billion, up 1.57% year-over-year.

• Gross margin improved across major segments, with chemical fiber up 3.37 percentage points, new materials up 3.63, and basic chemicals up 16.85.

• Total assets at period end: ¥38.24 billion, up 3.68% from year-end 2025.

Outlook and guidance

• The company expects continued growth in differentiated spandex and polyurethane applications, with new capacity coming online and further expansion planned.

• Market volatility, raw material price fluctuations, and global economic uncertainties remain key challenges.