Huachang Chemical’s latest announcement: Annual maintenance completed, production resumed on both systems

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Latest announcement from Huachang Chemical: Annual maintenance completed, production resumed on both systems. Author/Source: Securities Star. Date: 10-14-2021. Clicks: 86. According to Huachang Chemical’s announcement, as stated in previous communications, the company carried out its regular annual maintenance; during this time, it operated with one system at reduced capacity, thereby implementing the requirements regarding power and production restrictions set by relevant authorities. Recently, the company completed its annual maintenance ； On the morning of October 8, production operations under the dual-system setup were resumed. Huachang Chemical’s interim report for 2021 shows that the company’s main revenue amounted to 4.798 billion yuan, representing a year-on-year increase of 74.18% ； The net profit attributable to the parent company was 876 million yuan, a year-on-year increase of 6266.47% ； Net profit after deducting non-recurring items was 856 million yuan, representing a year-on-year increase of 75,712.0% ； The debt ratio is 54.33%, investment income amounts to 31.4544 million yuan, financial expenses total 40.2126 million yuan, and the gross margin is 28.69%.