Changes in Hong Kong stocks | Binhua shares (06745) rose more than 10% to hit a new listing high. Prices of some products increased significantly, and net profit for the first half of the year is expected to double year-on-year

The Zhitong Finance App learned that Binhua shares (06745) rose more than 10% in early trading to a high of HK$3.4, a record high. As of press release, it rose 6.91% to HK$3.25, with a turnover of HK$32.7896 million.

According to the news, Binhua Co., Ltd. previously announced Yingxi. The net profit for the first half of the year is expected to be 344 million yuan, an increase of 208.25% over the previous year; net profit after deducting non-return to mother is 286 million yuan, reversing losses from the previous year. Mainly due to international political factors and the impact of geographical conflicts, global chemical raw materials market prices have risen, and the prosperity of some of the company's products has rebounded. Prices of the main products, propylene oxide, and propylene, have increased significantly compared to the same period last year, and gross profit has increased.

Cathay Pacific Haitong Securities previously released a research report stating that Binhua Co., Ltd. will complete 240,000 tons of co-oxidation PO and 742,000 tons of MTBE production capacity in 2025. With the withdrawal of high-cost overseas production capacity and stricter domestic policy controls to eliminate backward production capacity, it is expected that the future industry pattern will be optimized, the company's production capacity scale is leading in the industry, and the co-production process improves the efficiency of raw material utilization, and the profit flexibility of the new carbon three carbon four business will be fully unleashed.