China BlueChem Reports 20.78% Drop in Half-Year Profit to 507 Million Yuan

Stock News
08/19

CHINA BLUECHEM (03983) has announced its interim results for the six months ended June 30, 2026, revealing a challenging financial performance amid ongoing operational enhancements.

The company recorded sales revenue of 5.619 billion yuan, reflecting a 3.95% decrease compared to the same period last year. Profit attributable to shareholders of the company stood at 507 million yuan, marking a significant reduction of 20.78% year-on-year. Earnings per share were reported at 0.11 yuan.

During the reporting period, the company intensified its efforts in safety production and hazard control, focusing on enhancing safety awareness and strengthening safety culture construction to improve refined production operation management. In the first half of the year, the planned maintenance of the Fudao Phase I fertilizer unit was successfully completed, with the replacement and installation of the primary and secondary reformers proceeding smoothly, solving the technical challenge of updating equipment that had not been disassembled for an extended period. Notably, four out of the company's five main units operated continuously for over 100 days.

As a result of these initiatives, the company produced 955,000 tons of urea, 720,000 tons of methanol, 287,000 tons of phosphate and compound fertilizers, and 110,000 tons of acrylonitrile series products during the first half of the year.

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