On August 21, DONGYUE GROUP rose 5.03% in regular trading, trading at HKD 13.08/share, with turnover of HKD 70.89 million. The rally follows the company's release of strong interim results after market close on August 20.
According to the earnings announcement, DONGYUE GROUP reported revenue of RMB 8.06 billion for the first half, up 7.99% year-over-year, while net profit attributable to shareholders reached RMB 1.027 billion, a 31.80% increase from the prior year period. Gross margin expanded significantly from 29.11% to 37.18%, and basic earnings per share rose to RMB 0.60 from RMB 0.47. The company attributed profit growth to higher product prices, particularly in refrigerants such as R32 and R134a, which hit near-decade highs. Additionally, the group completed several key capacity expansion projects during the period, including a new energy center and an R32 refrigerant expansion adding 49,000 tonnes per year of production capacity.
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