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Tongkun Shares expects its net profit for the first half of the year to be between 4.1 billion and 4.25 billion yuan. On July 15, Tongkun Shares released a forecast for its performance for the first half of 2021, stating that it anticipates a net profit attributable to the shareholders of the listed company in the range of 4.1 billion to 4.25 billion yuan, which represents an increase of 305% to 320% compared with the same period last year. Regarding the reasons for the changes in performance, Tongkun Shares stated that during the reporting period, the concentration level in the polyester filament industry continued to rise, the industry’s prosperity gradually improved, and demand from downstream textile end-users continued to recover. As a result, the company increased its production capacity for fiber products with higher added value, such as those with differentiated or functional properties ； Following the commissioning of the “40-million-ton integrated oil refining and petrochemical project” at Zhejiang Petrochemical Co., Ltd., a company in which our firm holds shares, all production units have been operating smoothly. The operating load has been gradually increased, resulting in notable economic benefits. Consequently, the company’s overall profitability has seen a significant rise compared to the same period last year. Shanghai Petrochemical expects its net profit for the first half of the year to be between 1.11 billion and 1.36 billion yuan. On July 15, Shanghai Petrochemical released a forecast for its performance in the first half of 2021, stating that the net profit attributable to the shareholders of the parent company is expected to be between 1.11 billion and 1.36 billion yuan. This represents a turnaround from losses in the same period of 2020, with an increase of around 2.83 billion to 3.07 billion yuan ； The net profit attributable to the shareholders of the parent company, after deducting non-recurring gains and losses, ranged from 1.04 billion to 1.27 billion yuan; this represented a turnaround from a loss in the same period of 2020, with an increase of around 2.83 billion to 3.06 billion yuan. The main reason for the change in performance was that, in the first half of 2020, due to the combined impact of the COVID-19 pandemic and a sharp drop in oil prices, the gross profit on Shanghai Petrochemical’s products declined significantly, resulting in losses for that period. Since 2021, the market demand for petroleum and petrochemical products has improved significantly, with prices of key products rising. Shanghai Petrochemical took advantage of this favorable situation to further optimize its operations, strive for efficiency improvements, and focus on reducing costs, resulting in a notable improvement in its financial performance. Rongsheng Petrochemical expects a net profit of 6.566 billion yuan for the first half of the year. On July 14, Rongsheng Petrochemical released its semi-annual financial results for 2021, stating that it expects the net profit attributable to the shareholders of the listed company to be 6.566 billion yuan for the first half of 2021, representing a growth of 104.69% compared to the same period last year ； Basic earnings per share is 0.65 yuan. Regarding the improvement in half-yearly performance, Rongsheng Petrochemical stated that during the reporting period, once the \"40 million tons per year integrated refining and chemical processing project\" operated by its holding subsidiary Zhejiang Petrochemical Co., Ltd. came online, the production of various units proceeded smoothly, the operating load increased steadily, and significant improvements in efficiency were observed. On the other hand, driven by economic recovery, industry conditions are improving steadily; the profitability of some of the company’s products has improved, and the price gap between raw materials and finished products has widened. Tongde Chemical expects its net profit for the first half of the year to be between 68 million and 81 million yuan. On July 14, Tongde Chemical released a forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company during this period would be between 68 million and 81 million yuan, representing a growth of 50% to 80% compared with the same period last year ； Basic earnings per share is 0.17 to 0.21 yuan. Regarding the main reasons for the changes in performance, Tongde Chemical stated that during the reporting period, the domestic economy showed significant recovery; rising prices of mineral products led to an increase in demand from the downstream civil explosives industry, resulting in higher production and sales volumes as well as increased revenue from engineering blasting services. Jilin Chemical Fibers expects its net profit for the first half of the year to be between 39 million and 43 million yuan. On July 14, Jilin Chemical Fibers released a forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company is expected to be between 39 million and 43 million yuan, representing a year-on-year increase of 147.90% to 152.81%. The basic earnings per share are expected to be between 0.018 and 0.0198 yuan. The main reasons for the change in performance are as follows: compared with the same period, the epidemic situation in the domestic market was effectively brought under control, customer demand gradually recovered, and the market for the company’s core products showed some signs of recovery. However, Jilin Chemical Fiber focuses on product exports, and as a result of the severe outbreaks of the pandemic in key export markets such as India, its performance growth has been relatively slow on a quarter-on-quarter basis. Xin Fengming expects its net profit for the first half of the year to be between 1.3 billion and 1.35 billion yuan. On July 13, Xin Fengming released a profit forecast, stating that it anticipates a net profit attributable to the shareholders of the listed company in the first half of 2021 of 1.3 billion to 1.35 billion yuan, which represents an increase of around 1.1 billion to 1.15 billion yuan compared to the same period last year, corresponding to a growth rate of 549% to 574%. The main reasons for the change in performance are as follows: during the reporting period, the concentration level in the polyester filament industry continued to increase, while demand from the downstream textile sector grew steadily; as a result, the company’s overall profitability increased significantly compared to the same period in the previous year. Hubei Yihua expects its net profit for the first half of the year to be between 700 million and 750 million yuan. On July 13, Hubei Yihua released a forecast for its performance in 2021, stating that it expects the net profit attributable to the shareholders of the listed company for the first half of the year to be between 700 million and 750 million yuan, marking a turnaround from losses to profits ； Basic earnings per share are expected to be 0.780–0.835 yuan. The main reason for the change in performance was that in the first half of 2021, the company improved the scheduling management of its production systems; safety and environmental protection were kept under control, production equipment operated efficiently, and the load level on the facilities increased steadily ； Seizing market opportunities and adjusting its business strategies in a timely manner, the company saw increases in the prices of its key products such as polyvinyl chloride, diammonium phosphate, and urea. As a result, the company turned from a loss to a profit on a year-on-year basis, achieving its best quarterly profits ever. Dawn Co., Ltd. expects its net profit for the first half of the year to be between 101 million and 123 million yuan. On July 13, Dawn Co., Ltd. released a forecast for its interim results in 2021, stating that it anticipates a year-on-year decline in performance. During the reporting period, the net profit attributable to the shareholders of the listed company ranged from 101 million to 123 million yuan, representing a decrease of 79.00% to 82.81% compared with the same period of the previous year; the basic earnings per share was 0.25 to 0.30 yuan per share. The main reasons for the performance change are as follows: Due to the outbreak of the COVID-19 pandemic at the beginning of 2020, both the volume and price of melt-blown materials for epidemic prevention supplies produced by Dawn Inc. saw a significant increase, leading to a substantial rise in its performance during the first half of 2020. Since 2021, the epidemic situation in China has been effectively brought under control, and the supply and prices of melt-blown materials used for epidemic prevention have returned to normal, resulting in a 79%–82.81% decline in Dunhe Shares’ net profit attributable to the parent company. Excluding the melt-blown material products, Daon Co., Ltd.’s other products are experiencing healthy and sustainable development. Jinpu Titanium expects its net profit for the first half of the year to be between 110 million and 115 million yuan. On July 13, Jinpu Titanium issued a revised forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company is expected to be between 110 million and 115 million yuan, representing a year-on-year increase of 1380.00% to 1430.00%, thereby turning from a loss into a profit ； Earnings per share range from 0.1118 to 0.1161 yuan. Jinpu Titanium stated that there were two main reasons for this revision in financial results: first, in the first half of 2021, the titanium dioxide market continued to recover, and the selling prices of titanium dioxide increased significantly compared to the same period the previous year ； Seizing the opportunities presented by the upward economic cycle, the company focuses on expanding its market presence outside while improving internal management, which has enabled effective utilization of its existing production capacity and led to continuous increases in output. During the reporting period, both the volume and price of the company’s core product, titanium dioxide, increased, contributing to a substantial year-on-year rise in the company’s net profit. Secondly, during the reporting period, while maintaining stable operations, the company strengthened its analysis of international and domestic prices for bulk raw materials and auxiliary materials. By making full use of the purchasing advantages associated with its two facilities in two different locations, it was able to reduce the costs of purchasing key raw materials, thereby increasing the company’s gross profit. Longxing Chemical expects its net profit for the first half of the year to be between 100 million and 130 million yuan. On July 13, Longxing Chemical released a forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company for that period is expected to be between 100 million and 130 million yuan, representing a year-on-year increase of 3700.98% to 4841.27%. The basic earnings per share is expected to be between 0.2076 and 0.2699 yuan per share. Regarding the reasons for the significant increase in performance, Longxing Chemical stated that in the first half of 2021, the price of carbon black was on an upward trend and reached high levels compared to previous years; as a result, the carbon black industry maintained a high level of operational capacity and profitability. In the first half of the year, the company saw strong sales and production volumes of carbon black, with both volume and price on the rise; prices increased significantly compared to the previous year. On one hand, rising prices of crude oil contributed to the increase in carbon black prices, while on the other hand, the downstream market maintained the high demand seen at the end of the previous year. Changes in supply and demand conditions were responsible for the rise in carbon black prices ； The company’s profitability increased on a year-on-year basis, with both revenue and profits growing significantly. Huafeng Chemical expects its net profit for the first half of the year to be between 3.6 billion and 3.9 billion yuan. On July 9, Huafeng Chemical released a forecast for its performance for the first half of 2021, stating that it expects the net profit attributable to the shareholders of the listed company to be between 3.6 billion and 3.9 billion yuan, representing a growth of 441.31% to 486.42% compared with the same period last year. Basic earnings per share range from 0.78 yuan/share to 0.84 yuan/share. Regarding the reasons for the changes in performance, Huafeng Chemical stated that during the reporting period, demand from downstream sectors in the industry recovered, and the overall economic climate continued to improve. The production volume, sales volume, and selling prices of the company’s key products increased significantly in the first half of 2021 compared to the same period the previous year, resulting in a substantial rise in operating revenue. Xinjiang Tianye expects its net profit for the first half of the year to be between 950 million and 980 million yuan. On July 8, Xinjiang Tianye released a forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company for that period is expected to be between 950 million and 980 million yuan, representing a year-on-year increase of 610% to 640%. The main reason for the change in performance was that in the first half of 2021, the prices of products such as polyvinyl chloride resin rose significantly compared to the same period the previous year. The company seized market opportunities promptly, taking advantage of its integrated, green, and circular economic industrial chain that encompasses \"self-generated electricity → calcium carbide → polyvinyl chloride resin and by-products → cement production from calcium carbide slag and other waste materials.\" This enabled the company to maintain its production capacity for key chlor-alkali chemical products, resulting in a substantial increase in its operating profit margin and net profit on a year-on-year basis. On December 25, 2020, as a result of a business combination under common control, Tianwei Cement Co., Ltd. was included in the scope of the company’s consolidated financial statements, and the company made retrospective adjustments to the financial statements for the corresponding period of the previous year. Gaomeng New Materials expects its net profit for the first half of the year to be between 108 million and 116 million yuan. On July 8, Gaomeng New Materials released a forecast for its performance for the first half of 2021, stating that the net profit attributable to the shareholders of the listed company would be between 108 million and 116 million yuan, compared to 111 million yuan in the same period last year ； Basic earnings per share will be between 0.25 yuan/share and 0.27 yuan/share. In the first half of the year, the company saw a significant increase in sales revenue. Meanwhile, due to skyrocketing prices of bulk materials, its raw material procurement costs rose substantially, leading to a noticeable decline in gross margin. Overall, however, the profit level remained largely stable. Wanhua Chemical expects its net profit for the first half of the year to be between 13.4 billion and 13.6 billion yuan. On July 8, Wanhua Chemical released a forecast for its performance in the first half of 2021, stating that it anticipates a net profit attributable to the shareholders of the listed company in that period to be between 13.4 billion and 13.6 billion yuan, representing a year-on-year increase of 373% to 380%. The main reasons for the change in performance are as follows: In the first half of 2021, the MDI plant in Yantai underwent a technical upgrade and capacity expansion, resulting in an increased MDI production capacity for the company; new plants such as those for producing million-ton quantities of ethylene were put into operation, leading to an increase in the output and sales volume of key products on a year-on-year basis. Additionally, as the global COVID-19 pandemic subsides, demand in downstream markets is improving ； Chemical plants in some overseas regions have been affected by factors such as extreme weather, leading to global supply shortages and rising prices for chemical raw materials. Compared with the same period last year, the company’s main products saw increases in both volume and price, resulting in a significant year-on-year improvement in its operational performance in the first half of the year. Abcam Chemical expects its net profit for the first half of the year to be between 100 million and 110 million yuan. On July 7, Abcam Chemical released a forecast regarding its interim results for 2021, stating that it anticipates net profit attributable to shareholders of the listed company to fall within the range of 100 million to 110 million yuan during the first half of the year. This represents a year-on-year increase of 10.38% to 21.41%. Meanwhile, the average net profit growth rate in the chemical products industry stands at 90.56%. Regarding the reasons for the performance changes, ABX Chemical stated that during the reporting period, the company continuously improved its operational management capabilities, reduced costs while increasing efficiency. As a result, its performance maintained steady growth, and its profitability was enhanced. The company has sufficient orders for its main products, with increased sales of pesticide intermediates and pharmaceutical intermediates. The performance contributions from collaborative factories are being gradually realized, with new customized innovative pesticide intermediates showing outstanding results. Sanyou Chemical expects its net profit for the first half of the year to be between 1.15 billion and 1.2 billion yuan. On July 7, Sanyou Chemical released a forecast for its performance in the first half of 2021, stating that it anticipates a net profit attributable to the shareholders of the listed company in the range of 1.15 billion to 1.2 billion yuan, thereby turning from a loss to a profit. The main reasons for the change in performance were as follows: The economic situation improved steadily in the first half of 2021, and the prices of the company’s key products, such as viscose staple fibers, soda ash, PVC, and dimethylosiloxane mixed rings, rose significantly on a year-on-year basis. Although the prices of key raw materials such as pulp, calcium carbide, silicon blocks, and raw coal also increased to varying degrees, the company strengthened its management and made informed decisions, taking advantage of favorable market conditions. As a result, the increase in the prices of its key products was much greater than the rise in production costs, leading to a substantial increase in the net profit attributable to the shareholders of the listed company during this reporting period. Rongsheng Petrochemical expects its net profit for the first half of the year to be between 1.1 billion and 1.2 billion yuan. On July 7, Rongsheng Petrochemical released a forecast regarding its performance in the first half of 2021, stating that it anticipates net profit attributable to shareholders of the listed company to range from 1.1 billion to 1.2 billion yuan during this period. This represents a year-on-year increase of 1645.02% to 1803.65%. The company also projects that basic earnings per share will be between 0.23 and 0.25 yuan per share. During the reporting period, downstream demand in the chemical fiber and petrochemical industry improved significantly; coupled with rising crude oil prices, the industry entered a recovery phase, with its prosperity levels increasing ； The company’s production and operations have further improved, maintaining strong profitability ； The project to produce 200,000 tons per year of differentiated functional chemical fibers by Ganghong Fiber, as well as the 60,000-ton-per-year recycled PET fiber project by Zhonglu Technology, were completed and put into operation in the second half of 2020, thereby increasing their contribution to profits on a year-on-year basis. Tahe New Materials expects its net profit for the first half of the year to be between 400 million and 450 million yuan. On July 6, Tahe New Materials released a semi-annual performance forecast, stating that it anticipates net profit attributable to shareholders of the listed company to reach 400 million–450 million yuan in the first half of 2021. This represents a year-on-year increase of 222.45%–262.76%. The basic earnings per share is projected to be 0.58–0.66 yuan. Regarding the reasons for the performance changes, Taihe New Materials explained that since the beginning of this year, demand in the spandex industry has remained robust, the concentration of production capacity has significantly increased, and spandex selling prices have continued to rise. As a result, the company’s profitability has seen a substantial year-on-year increase ； In the field of meta-aramid, with the release of standards for personal protective equipment, demand in the protection sector continues to grow. The company has been continuously working to optimize and upgrade its production processes; as a result, sales of meta-aramid have reached record highs while costs have been significantly reduced ； In the para-aramid sector, with the full ramp-up of production capacity at the Ningxia industrial park, the localization process of protective substrates in the optical cable communications industry has accelerated. Sales of para-aramid reached a record high, the product structure has been gradually optimized, and economies of scale are becoming increasingly evident. Shenyang Chemical expects its net profit for the first half of the year to be between 350 million and 430 million yuan. On July 6, Shenyang Chemical announced a revision to its forecast for half-year results in 2021, stating that it expects a profit of 350 million to 430 million yuan for the first half of the year; previously, the forecast was a profit of 430 million to 600 million yuan. The same period last year saw a loss of 196 million yuan. After the revision, the estimated basic earnings per share is expected to be between 0.427 and 0.525 yuan. Prior to the revision, the forecasted basic earnings per share was between 0.525 and 0.732 yuan. In the same period last year, the basic earnings per share recorded a loss of 0.239 yuan. Regarding the reasons for this downward revision of its earnings forecast, Shenyang Chemical stated that during the reporting period, the price of its main product—paste-type polyvinyl chloride resin (hereinafter referred to as “paste resin”)—rose year-on-year, leading to significant increases in both revenue and profits. However, in the second quarter, demand for paste-resin gloves from downstream industries plummeted. As a result, market demand for and prices of the company’s paste resin declined sharply, causing its profitability to drop considerably compared to the first quarter, falling short of expectations. Hualu Hengsheng expects its net profit for the first half of the year to be between 3.75 billion and 3.85 billion yuan. On July 5, Hualu Hengsheng released a profit forecast, stating that the company expects its net profit attributable to the shareholders of the listed company for the period from January to June 2021 to be between 3.750 billion and 3.850 billion yuan, representing a year-on-year increase of 314.82% to 325.88%. Regarding the changes in performance, Hualu-Hengsheng stated that during the reporting period, driven by factors such as rising energy prices and market supply-demand dynamics, the domestic chemical industry enjoyed robust growth, with the prices of its main products recording a significant year-on-year increase. By accurately grasping market trends and enhancing system optimization as well as production management, the company ensured the stable and efficient operation of its production facilities, resulting in a significant increase in its business performance compared to the previous year. During the reporting period, the company’s non-recurring gains and losses were minimal, and did not have a significant impact on its net profit. Yuntianhua expects its net profit for the first half of the year to be between 1.5 billion and 1.6 billion yuan. On July 5, Yuntianhua released a profit forecast, stating that it anticipates a net profit attributable to the shareholders of the listed company in the range of 1.5 billion to 1.6 billion yuan for this period. This would represent a turnaround from losses in the same period last year, when the company incurred losses of 21.51 million yuan ； It is anticipated that the net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, will range from 1.438 billion to 1.538 billion yuan. Compared to the same period last year, this represents an expected increase of 1.597 billion to 1.697 billion yuan. Regarding the reasons for the changes in performance, Yuntianhua stated that as countries around the world pay more attention to food security, agricultural planting areas are expanding, demand for fertilizers is increasing, and market conditions are improving ； At the same time, in recent years, domestic regulations regarding safety and environmental protection have become stricter, leading to the withdrawal of inefficient production capacity. There is limited new production capacity internationally, resulting in orderly development on the supply side; as a result, the supply and demand dynamics in the fertilizer market have changed significantly. During the reporting period, the fertilizer market emerged from its downturn, with prices showing a recovery-driven increase, while overall market inventory remained at low levels. Driven by factors such as increasing downstream demand, the expansion of application areas, and the **policy banning the import of waste plastics**, polyoxymethylene products have seen a rise in prices. China National Petroleum Corporation expects its net profit for the first half of the year to be between 45 billion and 60 billion yuan. On July 1, the company issued a statement stating that it anticipates its net profit for this period to increase by 75 billion to 90 billion yuan compared to the previous year. In the same period last year, China National Petroleum Corporation incurred a net loss of 29.986 billion yuan. Based on this calculation, China National Petroleum’s net profit for the first half of this year was between 45 billion and 60 billion yuan. Compared to the same period in 2019, a growth of 58.45% to 111% is expected. CNPC stated that it has seized the favorable opportunity brought about by the rise in crude oil prices, continuously improving its production and operations while striving to enhance efficiency, and has made significant efforts to control costs across the entire value chain. The company’s sales volume and prices for most of its oil and gas products increased on a year-on-year basis, resulting in significant improvements in its operational performance compared to the previous year as well as compared to the same period in 2019. Additionally, Kunlun Energy Co., Ltd. (hereinafter referred to as Kunlun Energy), a subsidiary of China National Petroleum Corporation, successfully completed the transfer of pipeline equity, which also contributed to its earnings growth. On April 1 this year, CNPC announced that the sale of 60% of the shares in Beijing Pipeline Company and 75% of the shares in Dalian LNG Company by Kunlun Energy had been completed. All rights, obligations, responsibilities, and risks associated with the target equity shall be transferred from Kunlun Energy to **Pipeline Group effective at 24:00 on March 31. This generated 40.886 billion yuan in cash flow for Kunlun Energy. Sinopec expects its net profit for the first half of the year to be between 36.5 billion and 38.5 billion yuan. On July 1, Sinopec issued a statement stating that its net profit for the first half of the year is expected to be in the range of 36.5 billion to 38.5 billion yuan, representing an increase of around 59.4 billion to 61.4 billion yuan compared to the same period last year. In the first half of last year, Sinopec incurred a net loss of 22.9 billion yuan. Sinopec stated that since the beginning of this year, it has taken advantage of the overall improvement in the global pandemic situation, the upward fluctuations in international crude oil prices, and the rapid recovery in demand for petroleum and petrochemical products. By reducing procurement costs, optimizing production and operations, and making efforts to expand market share, the company has managed to improve the efficiency of its entire supply chain, resulting in significant improvements in the performance of all its business units. Satellite Petrochemical expects its net profit for the first half of the year to be between 1.86 billion and 2.26 billion yuan. On June 30, Satellite Petrochemical released a forecast for its performance in the first half of 2021, stating that the net profit attributable to the shareholders of the listed company is expected to range from 1.86 billion to 2.26 billion yuan, representing a growth of 292.11% to 376.43% compared with the same period last year ； Basic earnings per share increased from 1.52 yuan per share to 1.84 yuan per share. Regarding the main reasons for the changes in performance, Satellite Petrochemicals stated that during the reporting period, the supply and demand dynamics in the global chemicals market changed, leading to overall price increases for chemicals. Meanwhile, demand from downstream industries improved significantly, and the company was able to take advantage of these market opportunities effectively. At the same time, through technological innovation, the company further optimizes its manufacturing processes to ensure the safe, stable, long-lasting, efficient, and optimal operation of its equipment. It also increases investment in product development and quality improvement, which leads to a simultaneous increase in both product prices and sales volume. Hengli Petrochemical expects its net profit for the first half of the year to be around 8.5 billion yuan. On June 30, Hengli Petrochemical released a forecast for its performance for that period, stating that the net profit attributable to the shareholders of the listed company would be approximately 8.5 billion yuan. This figure represents an increase of around 2.983 billion yuan compared to the same period last year, resulting in a year-on-year growth rate of around 54.07%. After deducting non-recurring gains and losses, the net profit attributable to the shareholders of the listed company for the first half of 2021 is expected to be around 8.066 billion yuan. Compared with the same period last year, this figure is set to increase by around 2.571 billion yuan, representing a year-on-year growth of around 46.79%. Regarding the main reasons for the changes in performance, Hengli Petrochemical stated that driven by favorable factors such as rising oil price costs, an improvement in domestic and international demand, and tightening supply capacity, the prices of domestic chemical products increased, leading to a significant improvement in price margins. The company’s 20 million tons per year refining and chemical processing facility, its 1.5 million tons per year ethylene production facility, as well as the associated coal chemical facilities all operated at full capacity. The synergistic effects between refining and coal chemical operations were evident, resulting in a substantial increase in the company’s profitability during the first half of 2021. In addition, consumption by various end-users in the downstream sector continues to recover, and the overall health of the industry is steadily improving. The profitability of consumer-grade silk and industrial silk is gradually recovering. In particular, products such as polyester film and biodegradable plastics, which have strong demand and limited supply, maintain high price margins. Luxi Chemical expects its net profit for the first half of the year to be between 2.55 billion and 2.65 billion yuan. On June 29, Luxi Chemical released its interim financial results for 2021, stating that it anticipates a net profit attributable to the shareholders of the listed company in the first half of the year to be between 2.55 billion and 2.65 billion yuan, representing a growth rate of 1027.88% to 1072.11% compared to the same period last year ； Basic earnings per share will be between 1.339 yuan and 1.392 yuan. Regarding the changes in performance, Luxi Chemical stated that, thanks to factors such as the implementation of the strategy of dual circulation at both the domestic and international levels sowie the supply and demand dynamics in the chemical products market, the company focused on strict safety, environmental protection, and energy-saving measures during the reporting period, thereby ensuring the safe, stable, continuous, full-capacity, and efficient operation of its production facilities. The company seized market opportunities, leveraged the advantages of integrated park operations, maintained production capacity for its key chemical products; the prices of these products saw a significant increase on a year-on-year basis, resulting in a substantial rise in the company’s performance. Qixiang Tengda expects its net profit for the first half of the year to be between 1.426 billion and 1.64 billion yuan. On June 14, Qixiang Tengda released a profit forecast, stating that it anticipates the net profit attributable to the shareholders of the listed company for the first half of 2021 to be between 1.426 billion and 1.64 billion yuan, representing a year-on-year increase of 200% to 245%. The main reasons for the change in performance are as follows: First, the 200,000 tons per year nitrile rubber latex project and the 200,000 tons per year MMA project that the company invested in and built have been fully completed and put into operation, which has increased the company’s product output, sales volume, and profits – and this constitutes an important factor behind the growth in performance ； Secondly, driven by the economic recovery, the prices of the main products of companies such as Jia Yi Tong, maleic anhydride, and nitrile rubber latex have remained high. These companies took advantage of the upward trend in product prices to increase sales volume, and adjusted the ratio between product exports and domestic sales based on the prices of similar products both domestically and internationally, thereby maximizing their profits ； Third, raw material prices were volatile throughout the first half of the year. The company addressed the adverse effects of rising raw material costs by optimizing its procurement strategies and sourcing cost-effective materials from both domestic and international sources. At the same time, taking advantage of the comprehensive layout of the C4 industrial chain, production is optimized in various ways, and the load on the facilities is adjusted according to the profitability of the products, thereby ensuring maximum efficiency.