On July 27, BEFAR GROUP rose 5.44% in regular trading, trading at HK$3.54/share, with turnover of HK$81.02 million.
On the news front, the company's largest shareholder, Heyi Investment, has cumulatively acquired 26.38 million shares through centralized bidding on the Shanghai Stock Exchange, spending approximately RMB 141 million, reaching 84.32% of the upper limit of its share purchase plan. Concurrently, the company forecasts H1 net profit attributable to parent shareholders of RMB 344 million, representing a year-over-year increase of 208.25%, primarily driven by international geopolitical conflicts pushing up global chemical raw material prices, with core products propylene oxide and allyl chloride seeing significant price gains.
Additionally, the company's electronic-grade 6N high-purity hydrogen fluoride gas project commenced production in July, compatible with 28nm and below advanced process nodes. Previously, approximately 80% of global market share was controlled by foreign enterprises, making this commissioning a key breakthrough in domestic substitution. The company has noted, however, that hydrogen fluoride products account for a relatively small proportion of total revenue and are not expected to materially impact overall financial performance.
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