Changes in Hong Kong stocks | China Xuyang Group (01907) rose nearly 4%. Net profit for the first half of the year is expected to increase by no less than 335% year-on-year, and fine chemical product price spreads widen

The Zhitong Finance App learned that China Xuyang Group (01907) rose nearly 4%. As of press release, it had risen 3.78% to HK$1.92, with a turnover of HK$18.4582 million.

According to the news, China's Xuyang Group recently announced that its net profit for the first half of 2026 is expected to increase by no less than 335% year-on-year. According to the announcement, the increase in net profit is mainly due to the combined impact of the following factors: the price spread of fine chemical products widened due to rising sales prices, and the successful completion of the acquisition of Binhai Energy.

Among them, during the current period, the price spread of the Group's fine chemical products widened, mainly due to the increase in the price spread of aromatic hydrocarbon production lines. The average selling price of caprolactam products increased by 13.3% during the period to about RMB 9,701.3 per ton (same period last year: about RMB 8,563.1 per ton), while the average purchase price of pure benzene, which is one of the main raw materials of caprolactam, remained basically the same, so the price difference of caprolactam widened as a result. In addition, the price difference of other fine chemical products (such as coke oven gas to methanol) remains high. The widening price spread for fine chemical products is one of the reasons for the increase in net profit for the current period compared to the same period last year.