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On March 27, Hubei Xingfa Chemical Group Co.
, Ltd.
released a performance forecast.
It is expected that the net profit attributable to shareholders of listed companies in the first quarter of this year will be about 1.
7 billion yuan, an increase of about 1.
345 billion yuan year-on-year.
379.
35%
.
Since the beginning of this year, the chemical industry has generally continued the boom cycle since 2021.
The sales prices of Xingfa Group's main products such as glyphosate, yellow phosphorus, and phosphate fertilizers continue to maintain a high level
.
The company actively seizes favorable market conditions, scientifically organizes production and operation, and gives full play to the advantages of the industrial chain of "integration of mining, electricity and chemical industry", "phosphosilicate salt synergy" and "combination of mineral fertilizer and chemical industry"
At the same time, the 400,000-ton/year synthetic ammonia project of Yichang Xingxing Lantian Technology Co.
In addition, benefiting from the rapid development of the downstream carbon fiber and integrated circuit industries, the demand for new chemical materials such as dimethyl sulfoxide and wet electronic chemicals produced by Xingfa Group is strong, the profitability has been significantly improved compared with the previous year, and the product benefits have increased significantly
