zhenhua chemical(SH:603067) Zheng Quan Shi Bao Wang·2025-08-15 03:14Core Viewpoint - The company, Zhenhua Co., Ltd. (振华股份), reported a steady increase in revenue and net profit for the first half of 2025, driven by strong demand for chromium products and effective cost optimization strategies [1][2]. Financial Performance - The company achieved a revenue of 2.19 billion yuan, representing a year-on-year growth of 10.17% [1]. - The net profit attributable to shareholders was 298 million yuan, marking a year-on-year increase of 23.62% [1]. Product Sales and Market Position - Sales volumes for the three main product categories (heavy chromium salt, chromium oxides, and chromium salt co-products) were 17,700 tons, 56,100 tons, and 17,700 tons, respectively, with year-on-year increases of 23.80%, 5.17%, and 7.88% [2]. - The total sales volume of chromium-containing products was approximately 147,000 tons, reflecting a year-on-year increase of about 12% [2]. - The company became the fastest-growing metal chromium producer in terms of sales volume, with over 5,400 tons sold, a year-on-year increase of approximately 62% [2]. International Expansion - The company reported overseas sales revenue of 278 million yuan, which is a year-on-year increase of 4.11% [2]. - International sales accounted for 12.77% of the company's main business revenue during the reporting period [2]. Industry Context and Future Outlook - The domestic chromium salt industry has seen little new entry over the past decade, with supply growth primarily driven by the company's technological upgrades [1]. - The company is exploring new markets in animal nutrition and advanced flame retardant materials, indicating a diversification strategy [2]. - The demand for metal chromium is expected to grow rapidly in overseas aerospace and military sectors, positioning the company favorably due to its production capacity and technological advantages in heavy chromium salt [3].