Zhejiang Juhua Co Ltd

Juhua Co., Ltd. released its 2026 interim report. Total operating revenue was 13.34 billion yuan, up 0.07% year on year, and net profit attributable to the parent company was 2.65 billion yuan, up 29.23% year on year. Net cash inflow from operating activities was 2.331 billion yuan. The asset-liability ratio was 38.67%, gross margin was 34.03%, return on equity was 12.01%, and diluted earnings per share was 0.98 yuan. The company had 211,600 shareholders, and the top ten shareholders held 59.89% of total share capital.

Juhua released its 2026 semi-annual report, achieving operating revenue of 13.34 billion yuan, up 0.07% year on year, and net profit attributable to shareholders of the listed company of 2.65 billion yuan, up 29.23% year on year. The company plans to distribute a cash dividend of 0.22 yuan per share, tax included, to all shareholders. Second-quarter net profit was 1.477 billion yuan, up 25% quarter on quarter.

Juhua Corporation disclosed its 2026 interim report. In the first half, revenue reached 13.34 billion yuan, a slight year-on-year increase of 0.07 percent, while net profit attributable to the parent company was 2.65 billion yuan, up 29.23 percent year-on-year. However, net cash flow from operating activities fell 12.57 percent year-on-year to 2.331 billion yuan, mainly because accounts receivable and notes receivable grew 58.96 percent from the end of last year to about 1.76 billion yuan. The company's net profit growth slowed quarter by quarter, from 94.29 percent in 2025 to 45.93 percent in the first quarter, and further to 29.23 percent in the first half. Refrigerants remained the core profit driver. In the first half, the average price rose 15.62 percent year-on-year to 45,521.40 yuan per ton, contributing an additional profit of 917 million yuan, accounting for 78 percent of the total profit increase.

On the evening of July 20, nearly 100 companies listed on the Shanghai Stock Exchange disclosed a flurry of positive news, covering buybacks, increased holdings, upbeat earnings, interim dividends, and long-term insurance capital investment. On that day, 16 companies announced new buyback plans with a combined upper limit of 4.5 billion yuan, and 9 companies announced new shareholding increase plans with a combined upper limit of 6.875 billion yuan, bringing the total to 11.375 billion yuan. Another 30 companies released progress updates on buybacks and increased holdings. On the semi-annual earnings front, 15 Shanghai-listed companies reported positive results. Shanghai International Port Group expects a net profit attributable to shareholders of approximately 8.47 billion yuan for the first half, up about 5.35 percent year-on-year. Shanghai Electric expects a net profit of 920 million to 1 billion yuan, up about 12 to 22 percent. Putailai expects a net profit of 1.4 billion to 1.5 billion yuan, up 32.66 to 42.14 percent. Jihua Group achieved a net profit of 474 million yuan, surging 1,272.52 percent. Bank of Chongqing posted a net profit of 3.518 billion yuan, up 10.28 percent. Ten companies disclosed interim dividend plans. The controlling shareholders or chairmen of six companies—Chint Electrics, Yiwu China Commodities City, Industrial Securities, Juhua Group, Hualu Hengsheng, and Hundsun Technologies—proposed interim dividends. The controlling shareholder of Shanghai Airport proposed raising the interim dividend payout ratio. Several companies' shareholders pledged not to reduce holdings or terminated reduction plans early. For example, the controlling shareholder and actual controller of Keli Sensing voluntarily committed not to reduce holdings, and Bethel Automotive announced that its shareholder did not reduce holdings and terminated the reduction plan early. In the insurance sector, China Pacific Insurance, Ping An Insurance, and New China Life Insurance expressed firm support for capital market development, vowing to leverage the advantages of insurance funds, adhere to long-term and prudent investment principles, support the cultivation of new quality productive forces, act as patient capital in the market, and firmly implement profit distribution policies by optimizing dividend frequency and carrying out interim dividends to enhance shareholder returns.

China Pacific Insurance, Ping An Insurance, and other insurers have stated they will increase equity allocations and act as patient capital. Zhongtai Securities and Hongta Securities announced share buyback plans, while Bosera Funds declared it will invest 50 million yuan in equity funds. Meanwhile, multiple listed companies including Flush, Chint Electrics, Hikvision, Juhua Group, and Shanghai Airport announced interim dividend plans. China Pacific Insurance said it will continue investing in stocks and ETFs in sectors such as technology growth, consumer, and new energy. Ping An Insurance stated it will boost investment in strategic emerging industries and advanced manufacturing. Zhongtai Securities plans to buy back shares worth 100 million to 200 million yuan, and Hongta Securities plans to buy back shares worth 50 million to 100 million yuan. Flush plans a cash dividend of 2 yuan per 10 shares, Chint Electrics plans 0.5 yuan per 10 shares, Hikvision plans 5.50 yuan per 10 shares, Juhua Group plans 2.20 yuan per 10 shares, and Shanghai Airport's controlling shareholder proposed raising the 2026 interim cash dividend payout ratio to around 55 percent.

Juhua Chairman Zhou Liyang has proposed a 2026 interim profit distribution plan, paying a cash dividend of 2.2 yuan per 10 shares, tax included. The proposal was announced in a company filing at midday on July 20.

Juhua Co. announced that total revenue for the first half of 2026 reached 12.535 billion yuan, up 7.03 percent year on year. The high-end fluorochemicals segment saw both volume and price increases, becoming the core driver of overall revenue growth. The refrigerant segment posted revenue of 7.101 billion yuan, a year-on-year increase of 16.67 percent. Fluoropolymer materials revenue reached 1.162 billion yuan, surging 32.31 percent. Fine fluorochemicals revenue was 284 million yuan, a sharp rise of 52.81 percent. Food packaging materials revenue came in at 420 million yuan, up 18.84 percent. Average product prices in these segments all rose year on year, and combined with capacity releases and improving market demand, revenue expanded in tandem. Revenue from traditional fluorochemical raw materials, petrochemical materials, and basic chemicals declined, mainly due to the company's proactive industrial restructuring, phasing out inefficient chemical facilities, as well as external export disruptions and industry supply-demand cycles. The company stated that the core fluorochemical business continues to see rising prosperity, with high-end products gradually scaling up, driving a steady improvement in overall operating quality.