Jiangsu Eastern Shenghong (000301) Q2 2026 earnings summary

Executive summary

• Achieved significant growth in both revenue and net profit for the first half of 2026, driven by improved market conditions, product upgrades, and operational optimization.

• Maintained industry leadership in petrochemicals, new materials, and polyester fibers, with strong innovation and green development initiatives.

• Expanded high-end product portfolio and deepened application of AI and digital management across operations.

Financial highlights

• Operating revenue reached RMB 69.92 billion, up 14.79% year-over-year.

• Net profit attributable to shareholders was RMB 4.50 billion, a 1,065.10% increase year-over-year.

• Net profit after deducting non-recurring items was RMB 4.32 billion, up 1,488.19% year-over-year.

• Basic EPS was RMB 0.68; diluted EPS was RMB 0.66.

• Net cash flows from operating activities surged 545.11% to RMB 18.14 billion.

• Gross margin for petrochemical and new chemical materials segment improved by 3.31% year-over-year.

Outlook and guidance

• Plans to continue expanding downstream high-end product value chains and invest in new materials and green technologies.

• Will further leverage AI and digitalization to enhance operational efficiency and cost competitiveness.

• Expects continued growth in renewable energy and differentiated polyester fiber markets.