HK Stock Market Move | DONGYUE GROUP (00189) rose more than 13% again. Institutions indicate that if the Strait opens up for refrigerants in the second half of the year, it will benefit directly.

DONGYUE GROUP (00189) has risen over 13% again, and as of the time of writing, is up 10.24%, priced at HKD 14.54, with a transaction volume of HKD 605 million. On the news front, on August 20, DONGYUE GROUP released its interim results for 2026, reporting revenue of RMB 8.06 billion for the period, an 8% year-on-year increase; the profit attributable to the shareholders was RMB 1.027 billion, a 31.84% year-on-year increase. During the review period, driven by the overall market in the fluorosilicone industry, the prices of several core products of the group saw varying degrees of increase. In the first half of the year, several key projects of the group were completed and have started production, including the New Energy Center project and the R32 refrigerant expansion project. Industrial published a research report stating that domestic sales of home appliances are under pressure due to the high comparison base, reduction in national subsidies, and channel inventory, while exports are also restrained by geopolitical disturbances. However, this year, upstream production companies and air conditioning manufacturers have exceeded expectations for long-term contract prices. If the cross-strait situation eases in the second half of the year, refrigerants will benefit directly, and according to past export trends, there is a clear seasonality with exports concentrated in Q3-Q4. This year marks the last year of the baseline for the second batch of quotas for A5 countries, and if the strait opens, there will be an incentive to capture the baseline, especially benefiting high-GWP varieties.