Hua Feng Chemical: Net profit for the first three quarters expected to be between 2.9 billion and 3.2 billion yuan, up 98.42%-118.95% year-on-year

36Kr reports that Hua Feng Chemical announced its net profit attributable to the parent company for the first three quarters is expected to be between 2.9 billion and 3.2 billion yuan, representing a year-on-year increase of 98.42%-118.95%. The change in performance is mainly due to higher product prices compared to the same period last year, driven by factors such as market supply and demand and fluctuations in raw material prices, which led to improved gross margins for related products; the company leveraged its industrial chain advantages to seize market opportunities and drive growth in profitability.