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Jinmei Technology: Expects to turn a profit in the first half of 2026, with net profit of 20.41M yuan (RMB 20.41M)

K-LinePoet
Jinmei Coal Technology announced that it expects to achieve net profit attributable to owners of the parent company for the first half of 2026 of 20.4138 million yuan, turning from a loss of 72.8074 million yuan in the same period last year into a profit; net profit after deducting non-recurring gains and losses is 19.9962 million yuan. The main reasons for the performance pre-profit are that the production units have been operating steadily, the 100k-ton annual production expansion project for oxalic acid has been put into operation, the product mix has been optimized and the sales volume of oxalic acid with stronger profitability has increased; at the same time, the scale of energy-intensive ethylene glycol has been reduced, together with an upturn in the oxalic acid market.
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