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Sinochem Taicheng: Expected net profit for the first half of the year to be between $55 million and $82 million; net loss in the same period last year was $194 million.

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Sinochem Resources and Chemical (CTG) announced that it expects net profit in the first half of 2026 to be between 55 million yuan and 82 million yuan, compared with a loss of 194 million yuan in the same period last year. During the reporting period, the company focused on its core businesses, continued to advance quality improvement and efficiency enhancement, and optimized its product mix. It increased efforts in innovative R&D. The profitability level of its chlor-alkali chemical business remained stable. The company’s coal-chemical methanol products, leveraging cost advantages, saw stable releases of production and sales scale, becoming an important incremental driver for the company’s stable profitability. The profitability of its textile business improved steadily. Losses at key affiliated companies narrowed significantly, and the company’s corresponding investment losses decreased year over year. The non-recurring gains and losses for this period mainly stem from the company’s gains from recovering creditor claims and government subsidies, which made a positive contribution to the company’s operating performance in the current period.
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