Jiahua Energy (600273): Net Profit Rose 11.98% To 651 Million Yuan In The First Half Year.

Jiaxing energy (600273.SH) released its semi annual report in 2019, operating income of 2 billion 743 million yuan, a year-on-year decrease of 2.81%; net profit attributable to shareholders of listed companies was 651 million yuan, up 11.98% over the same period last year; net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 625 million yuan, an increase of 10.29% over the previous year; and the basic earnings per share were 0.46 yuan.

During the reporting period, the steam sales volume of enterprises in the park remained stable, and fatty alcohol (acid) series products were enriched by the new 160 thousand tons of multifunctional fatty acid (acid) projects, and the production efficiency was further improved. The profits increased significantly compared with the same period last year. The company's chlor alkali products have stable customer service in the park, with many years of good and stable cooperation partners, strong market competitiveness, and a high level of chlor alkali plant operation. With the company's scale and technology upgrading of sulfonated pharmaceutical products, the BA production and sales volume and the 38 thousand ton TA plant have been gradually put into operation. The proportion of high value-added products in the sulfonated pharmaceutical products has increased significantly, and profits have increased rapidly over the same period.