新和成，上半年净利润增至70%

Core Viewpoint - The company Xinhecheng is expected to achieve a net profit attributable to shareholders of 3.3 billion to 3.75 billion yuan in the first half of 2025, representing a year-on-year growth of 50% to 70% [2][5]. Financial Performance - The net profit for the reporting period is projected to be between 3.3 billion and 3.75 billion yuan, compared to 2.20436 billion yuan in the same period last year, indicating a growth of 50% to 70% [5]. - The net profit after deducting non-recurring gains and losses is expected to be between 3.25 billion and 3.7 billion yuan, up from 2.15746 billion yuan last year, reflecting a growth of 51% to 71% [5]. - Basic earnings per share are forecasted to be between 1.07 yuan and 1.22 yuan, compared to 0.71 yuan in the previous year [5]. Business Segments - The main business areas of Xinhecheng include nutrition products, flavor and fragrance, high-performance polymers, and active pharmaceutical ingredients [6]. Nutrition Products - The nutrition segment includes vitamins, amino acids, and pigments, with key products such as Vitamin E, A, C, and methionine, primarily used in feed additives, food additives, and health supplements [7]. Flavor and Fragrance - The company produces various fragrances including linalool, citral, and menthol, which are widely used in personal care, household care, cosmetics, and food industries [9]. High-Performance Polymers - Focused on developing high-performance polymers and key intermediates, the main products include polyphenylene sulfide (PPS) and high-temperature nylon (PPA), with applications in automotive, electronics, and industrial sectors [11]. Active Pharmaceutical Ingredients - The pharmaceutical segment includes vitamins and antibiotics, with products like moxifloxacin and Vitamin D3, primarily used as active ingredients in drug formulations [13]. Project Developments - The company has achieved an annual production capacity of 300,000 tons and completed the construction of an 180,000-ton liquid methionine project in partnership with Sinopec [8]. - The PPS full industry chain has been established, and the Tianjin nylon new materials project has been initiated, targeting the gap in materials for new energy vehicles [12].