On the evening of August 11, 2025, Yonghe Co., Ltd. disclosed its semi – annual report for 2025. During the reporting period, the company’s operating performance showed a significant growth trend, and the specific core data are as follows:
（1）Operating revenue: 2,445,479,200 yuan, a year – on – year increase of 12.39%;
（2）Average gross profit margin: 25.29%, an increase of 7.36 percentage points compared with the same period of the previous year;
（3）Net profit attributable to shareholders of listed companies: 271,364,000 yuan, a significant year – on – year increase of 140.82%;
（4）Net profit attributable to shareholders of listed companies after deducting non – recurring gains and losses: 267,711,800 yuan, a year – on – year increase of 152.25%.
Refrigerants are used in equipment such as commercial refrigerators and small freezers. With high global demand, they have contributed to the rise of the refrigeration sector.
Performance – driving factors and business analysis of each sector
In the first half of 2025, under the dual influence of policy regulation and market demand, the fluorine chemical industry was characterized by a deep adjustment of the supply – demand pattern and an acceleration of technological iteration. The company’s rapid growth in operating revenue and significant increase in profit were mainly due to the following factors: On the one hand, driven by the quota policy, the supply – demand structure of the refrigerant sector continued to be optimized, and product prices increased year – on – year. On the other hand, the company continuously optimized its product structure, and the production efficiency and product quality of the fluorine – containing polymer material production lines were steadily improved. In particular, Shaowu Yonghe has achieved profitability for three consecutive quarters, further enhancing its profitability.
The specific business conditions of each major product sector are as follows:
Fluorocarbon chemicals (refrigerants)
Affected by the continuous reduction of HCFCs production quotas and the continuation of the HFCs quota management policy, the supply – side constraints in the industry were significantly strengthened. At the same time, the continuous improvement of the industry ecosystem and competition order jointly promoted the continuous upward trend of refrigerant prices, which became an important support for the company’s performance growth.
Fluorine – containing polymer materials
Although the fluorine – containing polymer material market faced an unfavorable environment of supply – demand imbalance and fierce price competition in the first half of 2025, the company still achieved an upward trend in the profitability of this business sector. The main reasons include:
（1）Actively promoting the large – scale release of production capacity, and effectively hedging the downward pressure on product prices through refined cost control;
（2）The continuous optimization of the operation of the Shaowu Yonghe production line, with a steady increase in production capacity, and a significant increase in the rate of top – grade products as the production process matures;
（3）Fully seizing the favorable opportunity of the decline in the cost of major raw materials to further enhance market competitiveness.
Chemical raw materials
During the reporting period, the gross profit margin of this sector decreased mainly due to weak downstream demand, resulting in different degrees of decline in the prices of products such as calcium chloride mother liquor, calcium chloride, and chloroform compared with the same period last year, which dragged down the overall profit level.
Fluorine – containing fine chemicals
In the first half of 2025, fluorine – containing fine chemicals such as HFPO, perfluorohexanone, and HFP dimer/trimer were still in the production – capacity running – in period, with low production – capacity utilization rates, high pressure on fixed – cost amortization, and relatively high unit costs.
Production volume during the reporting period: 1,659.56 tons;
Sales volume after deducting internal usage: 1,133.27 tons;
Realized operating revenue: 49,417,800 yuan, with an average gross profit margin of – 12.34%.
In the first half of 2025, Yonghe Co., Ltd. achieved double growth in revenue and profit by virtue of the policy dividends of the refrigerant sector and the efficiency improvement of fluorine – containing polymer materials. Although the chemical raw materials and fluorine – containing fine chemicals sectors faced certain challenges, the company’s overall business trend was positive, with remarkable results in product – structure optimization and cost control, laying a solid foundation for subsequent development.
Post time: Aug-12-2025 Views: