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hubei xingfa chemicals group (600141.SH): The company has now built a 100-kilogram grade black phosphorus amplification test device.
Hubei Xingfa Chemicals Group (600141.SH) stated at the performance briefing on November 4 that the company has completed the construction of a 100-kilogram black phosphorus amplification test unit and has the capacity to produce 100 kilograms in a single batch. The black phosphorus series products have been supplied to enterprises and research institutes in the fields of lithium battery anode materials, catalysts, etc. Sales revenue exceeded 200,000 yuan in 2023 and is expected to reach 0.4 million yuan in 2024. In the future, the company will continue to focus on reducing the production cost of black phosphorus, improving product quality, strengthening cooperation with relevant parties, and jointly accelerating the commercialization process of black phosphorus.
hubei xingfa chemicals group (600141.SH): Currently, the company has no plans for significant capital expenditures in the field of lithium battery materials.
Hubei Xingfa Chemicals Group (600141.SH) stated at the performance briefing on November 4th that since 2024, benefiting from stable product quality and positive progress in market development, the company's phosphorus iron operating rate has continued to increase, market prices are leading in the industry, and the reduction of losses and increase in efficiency of products are quite significant. In the short term, the phosphorus iron industry faces fierce market competition, and the situation of temporary oversupply is unlikely to undergo fundamental changes. In the future, the company will continue to enhance the quality of phosphorus iron products and expand its customer base, continuously strengthening the market competitiveness of its products. Currently, the company has no plans for significant capital expenditures in the lithium battery materials sector.
A-share fluorochemical concept stocks are rising, with Hubei Xingfa Chemicals Group up more than 6%.
Gelonghui November 1st | Hubei Xingfa Chemicals Group rose by over 6%, Chengdu Road & Bridge Engineering, Zhejiang Juhua both rose by over 5%, Shanghai Chlor-Alkali Chemical, Zhejiang Sanmei Chemical Industry, Kangpeng Technology followed the upward trend.
Hubei Xingfa Chemicals' Q3 Profit Jumps 53%
Hubei Xingfa Chemicals Group (600141) Third Quarter Report Review 2024: Demand recovery drives revenue growth, profit center steadily improving.
Event: The company released the third quarter report of 2024, achieving revenue of 22.05 billion yuan in 2024 Q1-3, a year-on-year increase of +0.04%; achieving a net income attributable to the parent of 1.314 billion yuan, a year-on-year increase of +37.85%; achieving deductions
Hubei Xingfa Chemicals Group (600141): The third-quarter performance slightly exceeds expectations, bullish on the prosperity of silicon phosphorus.
Summary of this report: Looking ahead to the fourth quarter, the outlook for phosphorus chemicals is expected to be maintained, while the silicon chemicals industry is expected to rebound. Investment highlights: Maintaining a "shareholding" rating. The company's performance in the third quarter has improved compared to the previous quarter, mainly due to the stable outlook of phosphorus ore and a slight rebound in the glyphosate market.
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