Jiangsu Eastern Shenghong (000301) Q2 2025 earnings summary

Executive summary

• Operating revenue for H1 2025 was RMB 60.92 billion, down 16.36% year-over-year due to volatile crude oil prices and weakened downstream demand.

• Net profit attributable to shareholders rose 21.24% year-over-year to RMB 386 million, with net cash flows from operating activities up 39.14%.

• The company maintained industry leadership in acrylonitrile, EVA, and recycled polyester fiber, and expanded new energy and new material capacities.

Financial highlights

• Operating revenue: RMB 60.92 billion (down 16.36% YoY); net profit: RMB 386 million (up 21.24% YoY).

• Net cash flows from operating activities: RMB 2.81 billion (up 39.14% YoY).

• Gross margin for petrochemical and new chemical materials: 10.66%; chemical fiber: 6.87%.

• Total assets as of June 30, 2025: RMB 213.33 billion (up 4.42% from Dec 2024).

• Basic and diluted EPS: RMB 0.06; weighted average ROE: 1.13%.

Outlook and guidance

• The company will continue to focus on high-end, digital-intelligent, and green development, expanding downstream value chains in new energy and advanced materials.

• Plans to further increase R&D investment and maintain high-end product positioning, leveraging integrated industrial advantages.