Berun Chemical(SZ:000683)2024-07-30 10:26Financial Performance - In the first half of 2024, the company achieved a total revenue of 7.07 billion yuan, representing a 32% increase compared to the same period last year [5] - The net profit attributable to shareholders was 1.209 billion yuan, up 14.90% year-on-year [5] - The weighted average return on equity was 8.63%, with earnings per share at 0.32 yuan [5] - As of June 30, 2024, total assets amounted to 33.053 billion yuan, with equity attributable to shareholders at 13.790 billion yuan [5] Production Output - The company produced a total of 4.316 million tons of various products in the first half of 2024, including: - Soda ash: 2.7194 million tons - Sodium bicarbonate: 668,200 tons - Urea: 840,200 tons - Other chemical products: 88,100 tons [4] Project Updates - The first phase of the Alashan natural soda project has all four production lines operational, with the first three lines reaching full production [5] - Approximately 1 billion yuan worth of construction projects remain uncompleted as of June 30, 2024 [5] - The second phase of the Alashan natural soda project is progressing as planned, with funding sourced from internal funds and project loans [5] Market Conditions - The average selling price of products from Mengda Mining was significantly lower than the market average due to a decline in coal prices and a high proportion of long-term contracts [6] - The coal supply for the Alashan natural soda project primarily comes from imports from Mongolia, supplemented by sources from Xinjiang and Gansu [6] Investor Relations - The company is currently awaiting a decision on the arbitration matter with China Coal Energy and will disclose updates as they arise [5] - There are no current plans for a high dividend payout similar to last year [6]