Carbon fiber products face supply shortages, Zhongfu Shenying turns losses into profits, petrochemical ETF Huaxia (159731) surges for three consecutive days

As of 10:30, the Petrochemical ETF Huaxia (159731) rose 0.5%, led by holdings in Huafeng Chemical, Satellite Chemical, Salt Lake Shares, and Hualu Hengsheng. The Petrochemical ETF Huaxia traded actively during the session, hitting three consecutive gains.

On the evening of March 25, Zhongfu Shenying released its 2025 annual report. In 2025, the company achieved revenue of 2.194 billion yuan, a year-on-year increase of 40.87%; net profit attributable to shareholders was 96.184 million yuan, turning profitable. The company’s production and sales rate exceeded 110% in 2025. The output and sales of carbon fiber products increased by 23.49% and 54.52% year-on-year, respectively, while inventory levels dropped significantly by 48.9%, leaving about 2,680 tons in stock at the end of 2025 (annual sales exceeded 25,000 tons). Overall, products are in a state of supply shortage. Meanwhile, Zhongfu Shenying’s unit production cost decreased by 12%.

The Petrochemical ETF Huaxia (159731) and its over-the-counter links (017855/017856) closely track the CSI Petrochemical Industry Index. As of March 25, 2026, the top ten weights in the CSI Petrochemical Industry Index are Wanhua Chemical, China National Petroleum, Salt Lake Shares, China National Offshore Oil, Sinopec, Baofeng Energy, Zangge Mining, Hualu Hengsheng, Juhua Corporation, and Hengli Petrochemical, collectively accounting for 57.84% of the index.