HK Stock Market Move | DONGYUE GROUP(00189) is now up more than 4%, as refrigerant prices and demand both rise. Leading refrigerant companies collectively expected to have good performance.

DONGYUE GROUP(00189) is now up by over 4%, at the time of publication, it has risen by 3.57% to HK$12.47, with a turnover of HK$89.7243 million. On the news front, driven by the increase in the quantity and price of refrigerants, leading refrigerant companies collectively expect better results. Recently, Zhejiang Juhua, Zhejiang Sanmei Chemical Industry, and Zhejiang Yonghe Refrigerant all expect a maximum increase in net profit of over 100% by 2025. The companies attribute the growth in performance to the continued recovery in the price of fluorinated refrigerants and stable production and sales volume. Shenwan Hongyuan Group believes that by 2026, the HFCs quota for each company has been issued, and with strict global supply constraints, the industry structure optimization combined with downstream demand growth will lead to a long-term upward trend in refrigerant prices and spreads. As a functional product, refrigerants are gradually forming the "genes" of a "basic need consumer product" attribute and a "franchise business" commercial model.