Many leading fluorine chemical companies achieved record high performances in the first half of the year, and the strong demand for refrigerants is expected to continue.

Driven by the simultaneous increase in quantity and price of core refrigerants, several leading fluorine chemical companies have seen a significant increase in profits in the first half of this year. According to the semi-annual report recently released by JuHua Group, the company's net profit attributable to shareholders reached 2.051 billion yuan in the first half of the year, a 146.97% year-on-year increase, exceeding the full-year figure of the previous year. Worth noting is that not only JuHua Group, but also several other listed fluorine chemical companies such as Sanmei Group, Yuhua Group, and Dongyang Light, whose main business is refrigerants, have achieved double-digit growth in performance in the first half of the year. Fangzheng Securities stated in a research report that under the quota system, the supply of refrigerants is restricted, leading to a significant improvement in the industry ecology and competitive order. At the same time, the policy of replacing old appliances with new ones is driving domestic demand, while the continuous growth in demand in the international market is driven by urbanization and consumption upgrades in southern countries worldwide. The supply and demand situation of refrigerants continues to improve, and the prosperity of the refrigerant industry is on an upward trend.