Hong Kong Stock Movement | DONGYUE GROUP (00189) Surges Over 6% as Refrigerant Prices Steadily Rise, Company Benefits from Industry Recovery

Stock News
08/18

DONGYUE GROUP (00189) surged over 6%. As of press time, the stock gained 6.43% to HK$12.92, with a trading volume of HK$229 million.

On the news front, according to industry tracking, the current refrigerant market maintains strong momentum under a tight supply-demand balance dominated by quota policies. Industry concentration is increasing, companies show strong pricing power, market sentiment remains bullish, and transaction prices are gradually moving higher. Looking ahead, with the traditional stocking season approaching and expectations of opening export shipping windows, price uptrends for most product categories are expected to continue. However, persistently high prices significantly increase downstream inventory risks, and future market trading is expected to shift toward demand-driven procurement.

DONGYUE GROUP previously issued a profit alert, expecting the group's net profit attributable to shareholders for the year ending June 30, 2025, to potentially increase significantly by approximately 150% year-over-year. Securities analysts noted that the company's 1H25 net profit attributable to shareholders basically aligns with institutional expectations of RMB 750 million. Benefiting from the refrigerant industry recovery, the company's performance is expected to enter an upward cycle.

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