Hubei Yihua expects half-year net profit of 1.65 billion yuan to 1.75 billion yuan

On the evening of July 13, 2022, Hubei Yihua released the 2022 semi-annual performance forecast, saying that the net profit attributable to shareholders of listed companies in the semi-annual 2022 is expected to be 1.
65 billion to 1.
75 billion yuan, a year-on-year increase of 127.
43%-141.
21%; The net profit after non-recurring gains and losses was 1.
304 billion yuan to 1.
404 billion yuan, a year-on-year increase of 108.
48%-124.
47%
.

Regarding the main reasons for the change in performance, Hubei Yihua said that in the first half of 2022, the market prices of the company's leading products such as urea, polyvinyl chloride, and diammonium phosphate increased significantly year-on-year.
The company actively seized favorable market conditions to ensure the efficient and stable operation of the device.
2.
In the first half of 2022, it is estimated that the impact of non-recurring profit and loss items on the net profit attributable to shareholders of listed companies is about 346 million yuan, mainly due to the company's disposal of subsidiary equity during the reporting period
.

According to the data, Hubei Yihua Chemical Co.
, Ltd.
was founded in 1977.
It has grown from a local small factory with an annual output of 10,000 tons of synthetic ammonia to a large-scale enterprise with diversified development of fertilizer and chemical industries.
Its products are exported to Europe, America, Southeast Asia and other overseas markets
.
The stock code is 000422, which is known as the first nitrogen fertilizer company in China
.