JUNZHENG(SH:601216) Ge Long Hui A P P·2025-09-10 08:09Core Viewpoint - Junzheng Group achieved a net profit attributable to shareholders of 1.92 billion yuan in the first half of the year, representing a year-on-year increase of 26.82% [1] Financial Performance - In Q2, the net profit attributable to shareholders was 913 million yuan, showing a year-on-year growth of 13.86% but a quarter-on-quarter decline of 9.40% [1] - For the first half of 2025, the chemical raw materials and chemical products segment generated revenue of 8.938 billion yuan, up 13.32% year-on-year, with a gross profit of 2.189 billion yuan and a gross margin of 24.49%, an increase of 4.68 percentage points year-on-year [1] - The logistics comprehensive service segment reported revenue of 3.391 billion yuan, down 5.63% year-on-year, with a gross profit of 665 million yuan and a gross margin of 19.59%, a decrease of 2.33 percentage points year-on-year [1] Business Operations - The company is a competitive global chemical logistics service and facility provider, offering safe, stable, and efficient logistics support to well-known domestic and international chemical enterprises [1] - As of the end of 2024, the company controlled a fleet size of 1.1183 million tons and a tank fleet size of 43,008 units, along with joint operations of 166,500 cubic meters of storage tanks and two 50,000-ton chemical product terminals [1] - The company has established a complete "coal-electricity-chlor-alkali chemical" and "coal-electricity-special metallurgy" vertically integrated circular economy industrial chain, as well as a new "limestone-electrolytic stone-coal coking-methanol-BDO-PTMEG" integrated circular economy chain [1] Investment Outlook - The company is viewed positively for its growth potential, maintaining a "buy" rating [1]