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9933 — GHW International News Story

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China's GHW International interim revenue rises on segment growth

China's GHW International interim revenue rises on segment growth


Overview

  • China chemical and pharmaceutical maker's interim revenue grew 20% yr/yr

  • Net profit for the period rose over 300%, driven by higher gross profit


Outlook

  • Company did not provide specific financial guidance for future quarters or the full year


Result Drivers

  • SEGMENT GROWTH - Revenue increased in Methylamine Industry Series, Goldenhighway New Materials, and Advanced Materials Intermediates Series, driven by higher sales volumes, expanded market share, and new trading products

  • PRICE AND VOLUME EFFECTS - Higher average selling prices and increased sales volumes of choline chloride and betaine, as well as polymeric MDI, supported gross profit growth

  • FULL PRODUCTION RESUMPTION - Advanced Materials Intermediates Series benefited from the resumption of full production capacity and new trading products such as isooctanol


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 2.23 bln

H1 Net Income Attributable

RMB 29.40 mln


Reuters Recommended Reads

  • Aug 25 - China's Sinofert H1 revenue rises 10.6% on policy support

  • Aug 24 - China's Asymchem H1 revenue rises on strength in emerging businesses

  • Aug 24 - Sinopharm interim revenue edges down on softness in pharmaceutical distribution business


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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