On August 27, DONGYUE GROUP rose 5.16% in regular trading, trading at HKD 13.77/share, with turnover of HKD 178 million. The rally marks the third consecutive session of recovery following a sharp profit-taking selloff on August 24.
On the news front, Huatai Securities recently maintained a Buy rating on the company, highlighting that third-generation refrigerant quotas remain tight, with large installed bases of household and automotive air conditioners supporting HFC maintenance demand. Combined with gradually rising export prices, mainstream HFC product prices are expected to sustain elevated levels.
The company reported interim results on August 20, posting net profit attributable to shareholders of RMB 1.027 billion, up 31.80% year-over-year, while gross margin expanded significantly from 29.11% to 37.18%. Additionally, the R32 refrigerant expansion project adding 49,000 tonnes per annum of capacity was completed and commenced production during the first half. Following an over-8% pullback on August 24 driven by profit-taking after the results release, funds have continued flowing back in recent sessions, reflecting ongoing technical recovery.
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