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Hubei Yihua: Net profit expected to increase by 127.43%~141.21% on a year-on-year basis in the first half of the year. Author/Source: Yihua Group. Date: July 14, 2022. Clicks: 13. On July 13, Hubei Yihua Chemical Co., Ltd. released a performance forecast, indicating that the net profit attributable to the shareholders of the listed company for the first half of 2022 is expected to be between 1.65 billion yuan and 1.75 billion yuan, representing a year-on-year increase of 127.43%~141.21%. During the reporting period, the prices of the company’s key products increased significantly on a year-on-year basis. The prices of fertilizer products such as urea and diammonium phosphate, as well as chemical products like PVC and caustic soda, remained at high levels. The company seizes favorable market conditions actively, optimizes its procurement and sales channels, strictly controls production costs, and continuously strengthens management and coordination to ensure the efficient operation of its facilities, thereby fully leveraging its industrial advantages and enhancing its profitability. “During the 14th Five-Year Plan period, the company will make significant efforts to promote the transformation and upgrading of its industries. Through deep cooperation within the industrial chain and coordinated development among upstream and downstream entities, it will continue to strengthen its advantages in basic industries such as coal, phosphorus, and salt. It will also steadily advance initiatives to extend, supplement, and enhance the industrial chain, with the goal of turning the Yihua Tianjiahe Industrial Park into a nationally renowned base for fine phosphorus chemicals, an important national hub for new chemical materials, and a world-class facility for photopolymer coatings.