Shenyang Chemical (SZ:000698) Xin Lang Cai Jing·2025-08-22 10:54Core Viewpoint - Shenyang Chemical reported a significant increase in both revenue and net profit for the first half of 2025, indicating strong financial performance and operational efficiency [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 2.569 billion yuan, representing an 8.09% year-on-year increase [1]. - The net profit attributable to shareholders was 62.42 million yuan, showing a remarkable growth of 121.93% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 54.63 million yuan, with a year-on-year increase of 172.57% [1]. - Basic earnings per share stood at 0.08 yuan [1]. Profitability Metrics - The gross profit margin for the first half of 2025 was 8.04%, up by 0.85 percentage points year-on-year [2]. - The net profit margin was 2.43%, which increased by 14.39 percentage points compared to the same period last year [2]. - In Q2 2025, the gross profit margin was 7.66%, down by 0.49 percentage points year-on-year and 0.87 percentage points quarter-on-quarter [2]. - The net profit margin for Q2 2025 was 2.11%, up by 24.69% year-on-year but down by 0.72% from the previous quarter [2]. Expense Management - Total operating expenses for the first half of 2025 were 134 million yuan, a decrease of 104 million yuan compared to the same period last year [2]. - The expense ratio was 5.23%, down by 4.80 percentage points year-on-year [2]. - Sales expenses decreased by 21.02%, management expenses decreased by 60.34%, R&D expenses decreased by 18.28%, and financial expenses decreased by 2.87% [2]. Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 47,500, a decrease of 3,386 shareholders or 6.65% from the previous quarter [2]. - The average market value of shares held per shareholder increased from 54,200 yuan to 65,700 yuan, reflecting a growth of 21.11% [2]. Company Overview - Shenyang Chemical, established on May 20, 1996, and listed on February 20, 1997, is located in Shenyang Economic and Technological Development Zone [3]. - The company's main business includes the production and sale of chemical products such as chlor-alkali, petroleum, and polyether polyols [3]. - The revenue composition is as follows: polyether 63.14%, resin 24.22%, caustic soda 10.88%, and other products 1.75% [3]. - The company belongs to the petrochemical industry, specifically in refining and chemical trade [3].