Huafon Chemical witnesses falling net profit YOY in H1 2023

In the first half of 2023, the company's performance declined year-on-year due to factors such as intensified competition in the chemical industry and weak downstream demand. The sales prices and gross profit margins of the company's main products both decreased compared to the previous year. Specifically, the net profit attributable to the shareholders of the listed company ranged from 1.25 billion yuan to 1.38 billion yuan, representing a year-on-year decrease of 47.80% to 42.37%. In the same period of last year, the net profit attributable to the shareholders of the listed company was 2.395 billion yuan.