Juhua’s Net Profit Soars Up to 155% with H1 Earnings Hitting 2.13 Billion Yuan as Refrigerants Surge 61.88%

On July 8, Juhua Co., Ltd. (600160) announced a dramatic profit surge, forecasting net profit for H1 2025 at 1.97 to 2.13 billion yuan, a year-on-year increase of 136% to 155%. After excluding non-recurring items, net profit is expected at 1.95 to 2.11 billion yuan, jumping 146% to 166%.

The earnings boom is mainly driven by rebounding prices of core fluorochemical refrigerants and a steady rise in output and sales volumes. Juhua’s total production reached 2.96 million tons, up 5.12%, and total revenue climbed 27.29% to 11.712 billion yuan.

Among key segments, fluorochemical raw materials revenue grew 23.16%, while refrigerant sales shot up 55.09%. Prices followed suit: fluorochemical raw materials rose 10.24%, and refrigerants soared 61.88% year-on-year. While feedstock prices were mixed—sulfur jumped 75.44%, but other inputs declined—the company achieved higher overall margins. However, food packaging materials revenue dropped 18.94%.

Juhua’s robust performance in the first half highlights surging demand and strategic product pricing, positioning the company for continued growth amid a dynamic market landscape.