Xinxiang Chemical Fiber Co Ltd

Xinxiang Chemical Fiber has disclosed its performance forecast for the first half of 2026, estimating net profit attributable to shareholders of the listed company at 300 million to 400 million yuan, a year-on-year increase of 378.09 percent to 537.45 percent. Deducted non-recurring net profit is expected to be 280 million to 380 million yuan, up 670 percent to 945 percent year-on-year. The company said the profit improvement was mainly due to increased sales volumes of biomass cellulose filament yarn and spandex fiber, along with higher gross margins for spandex fiber, leading to a substantial year-on-year increase in gross profit from main products. The spandex industry has seen a recovery, with mainstream 40D spandex quotes fluctuating upward from 23,000 yuan per tonne at the start of the year to nearly 30,000 yuan per tonne by early July. Xinxiang Chemical Fiber currently has an annual production capacity of 110,000 tonnes of biomass cellulose filament yarn and 200,000 tonnes of spandex fiber, with spandex fiber capacity utilization reaching 100.76 percent as of the end of 2025. The company also plans to raise no more than 1.3 billion yuan through a private placement to fund projects including high-quality biomass cellulose filament yarn and supporting facilities.

On the evening of July 8, a number of A-share listed companies disclosed their 2026 first-half earnings forecasts, with many reporting explosive growth. Among them, SDG Information expects net profit to rise by more than 11 times. The chemical sector is firing on all cylinders: Huachang Chemical forecasts a more than 10-fold increase; Cangzhou Dahua expects net profit of about 100 million yuan, up roughly 330.75 percent year-on-year; Dynamic Chemicals projects net profit between 95 million and 100 million yuan, an increase of 98.26 to 108.7 percent; and Xinxiang Chemical Fiber anticipates a profit of 300 million to 400 million yuan, up 378.09 to 537.45 percent. The electronics sector also continues its high-growth trend: Yachuang Electronics expects net profit of 220 million to 270 million yuan, a jump of 439 to 561.49 percent; Tianjin Printronics forecasts net profit of 36 million to 52 million yuan, surging 435.64 to 673.71 percent; Ben Chuan Intelligent projects net profit of 32 million to 48 million yuan, up 49.12 to 123.68 percent; and Baoding Technology expects net profit of 120 million to 145 million yuan, an increase of 468.71 to 559.71 percent. In addition, Maxvision Technology forecasts net profit of 105 million to 135 million yuan, up 336.02 to 460.59 percent; Jingxing Paper expects net profit of 130 million to 160 million yuan, rising 136.22 to 190.73 percent; and Teway Food Group projects net profit of 373 million to 389 million yuan, an increase of 96.43 to 104.45 percent.