Hengxing(603276.SH)

Reversal of the Chemical Industry's Predicament: Supply and Demand Reversal, Industrial Restructuring, Expectation Reshaping

The chemical industry is experiencing a reversal of supply and demand and industrial restructuring, and it is expected to face a turnaround by 2026. Internal regulatory policies are guiding high-quality development, while an increase in external trade relief investigations has led to a widespread conscious action within the industry, emphasizing profit quality rather than merely production growth. As capital expenditures peak and policy interventions take place, the mismatch between supply and demand is gradually improving, and the industry is expected to enter a long cycle of valuation repair and profit recovery

Over a hundred companies have doubled their net profits, institutions are seeking high-performing stocks and emerging sectors

As of January 27, a total of 1,201 listed companies in the A-share market have disclosed their performance forecasts for 2025, among which 475 companies are optimistic, and 107 companies expect their net profits to double year-on-year. Industries such as non-ferrous metals, automobiles, chemicals, and semiconductors have performed exceptionally well. Following the performance forecasts, institutions have conducted intensive research on listed companies, focusing on new orders, the progress of new production line construction, and positive changes in the industry

Commodity futures opened, with the Shanghai silver main contract rising over 11%, Shanghai tin rising over 9%, fuel oil rising over 4%, and BR rubber, Shanghai gold, methanol, liquefied gas, Shanghai copper, international copper, Shanghai nickel, and crude oil all rising over 2%

The night session of futures opened, with Shanghai tin and Shanghai silver rising over 4%, Shanghai nickel rising over 3%, international copper, fuel oil, and Shanghai copper rising over 2%, and low-sulfur fuel oil, methanol, crude oil, and Shanghai aluminum rising over 1%; cotton and caustic soda, among others, fell

Hengxing: Net profit of 29.1151 million yuan in the first half of 2025, a year-on-year decrease of 8.53%

Hengxing announced that in the first half of 2025, operating revenue was 392 million yuan, a year-on-year increase of 9.99%. Net profit was 29.1151 million yuan, a year-on-year decrease of 8.53%