The Zhitong Finance App learned that China's Sanjiang Chemical (02198) opened more than 7% higher after earnings. As of press release, it had risen 7.01% to HK$2.9, with a turnover of HK$284,200.

According to the news, on July 13, China Sanjiang Chemical announced that the Group expects to obtain net profit from equity holders of RMB 600 million to RMB 700 million in the six months ending June 30, 2026, while the Group will obtain net profit of about RMB 301 million from equity holders for the six months ending June 30, 2025, that is, an increase of about 100% to about 130% compared with the same period in 2025.

According to the announcement, the increase in expectations that the company's equity holders should account for net profit is mainly due to the Group's continuous dynamic adjustment of its procurement strategy, sources, raw material mix and production mix in response to current commodity market conditions.

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