Jiahua Energy (600273): First Half Net Profit Of 555 Million, Down 14.8%

On August 6, Jiahua energy (600273) recently released the semi annual report for 2020. In the first half of 2020, the company realized operating income of 251245226.67 yuan, a year-on-year decrease of 8.40%; the net profit attributable to shareholders of listed companies was 554723684.31 yuan, a year-on-year decrease of 14.80%.

At the end of the reporting period, the company's total assets were 8742475168.27 yuan, down 1.67% compared with the end of the previous year; the net assets attributable to shareholders of the listed company were 7288801972.95 yuan, an increase of 4.65% compared with the end of last year.

It is understood that in the first half of 2020, the company actively responded to the impact of Xinguan epidemic, reduced the impact of logistics obstruction, did a good job in resuming production, and kept the production load stable; the prices of some downstream industries of some products fell due to the obstruction of export business, which affected the operating income and net profit. The company continued to implement the concept of innovation and development, the management of the company firmly implemented the decisions of the board of directors, actively adjusted the product structure, strengthened management and reduced the adverse impact of the epidemic through the joint efforts of all employees.

According to the data, Jiahua energy mainly manufactures and sells fatty alcohol (acid), steam, sulfonated medicine, chlor alkali, sulfuric acid and other series of products, and its subsidiary operates port and wharf loading and unloading, storage business, new energy power generation business, and technical development and technical services of hydrogen energy and hydrogenation equipment.