Multiple listed subsidiaries of Sinochem Holdings and Syngenta Group recently announced their 2022 Q2 and H1 performance reports. In the first half of this year, Syngenta Group and their listed companies made great efforts to overcome the challenges and difficulties caused by multiple complex factors. This resulted in better performance and sound growth in revenue, net profit and other indicators.

In life science, Syngenta Group reported Q2 revenue of USD 9.2 billion, a 24% increase year-on-year (YoY); EBITDA reached USD 1.7 billion, up 39% YoY. The H1 revenue this year registered USD 18.1 billion, rising USD 3.7 billion over the same period last year, up 25% YoY; EBITDA reported USD 3.5 billion, seeing 32% rise YoY. ADAMA A (000553.SZ), a listed subsidiary of Syngenta Group, achieved RMB 18.796 billion in H1 revenue this year, an increase of 24.77% YoY; net profit reached RMB 732 million, a rise of 99.46% YoY. Yangnong Chemical (600486.SH) reported revenues of RMB 9.565 billion in H1, up 43.14% YoY, and achieved a net profit of RMB 1.515 billion, rising 91.36% YoY. Win-All Hi-Tech (300087.SZ) reported a revenue of RMB 965 million in H1, seeing an increase of 42.46% YoY; the net profit attributable to shareholders of listed companies reached RMB 30.4786 million, rising 421.95% YoY. Sinofert’s (00297.HK) revenue in H1 achieved a total of RMB 15.306 billion, up 12.57% YoY; the net profit reported was RMB 1.009 billion, which indicated a significant increase of 49.54% YoY.

Adisseo (600299.SH) reported revenues of RMB 7.2 billion in H1, seeing a 20% increase YoY. Adisseo’s gross profit rose 8% YoY to RMB 2.27 billion, and net profit attributable to the parent company reached RMB 869 million. Net profit attributable to shareholders increased by 6.5% YoY.

In materials science, Sinochem International (600500.SH) has been flexible in adjusting its marketing strategy, resulting in a substantial rise in profitability. In H1 this year, its revenue reached RMB 44.413 billion, an increase of 38% YoY; net profit attributable to the parent company was RMB 974 million, up 113% YoY; net profit after deducting non-recurring expenses that belong to the parent company was a reported RMB 868 million, seeing a rise of 77% YoY.

Luxi Chemical (000830.SZ) adheres to high-quality and stable operation criteria to increase production, reduce consumption, and seize market opportunities, delivering better performance. In H1 this year, reported revenue was RMB 16.643 billion, up 15.01% YoY; the net profit attributable to the parent increased by 3.94% YoY to RMB 2.736 billion; net profit excluding extraordinary items reported 3.58% in growth YoY to RMB 2.696 billion.

Haohua Technology (600378.SH) reported revenues of RMB 4.041 billion in H1, up 24.38% YoY; operating profits saw a 25.21% rise YoY to RMB 532 million; net profit attributable to the parent company reached RMB 493 million, an increase of 20.02% YoY; the net profit after deducting non-recurring expenses that belong to the parent company registered RMB 487 million, rising 20.95% YoY.

Cangzhou Dahua (600230.SH) achieved 85.3% in revenue growth YoY in H1 to a total of RMB 2.23 billion and reported a net profit of RMB 159 million attributable to the shareholders of listed companies; net profit excluding extraordinary items reached RMB 158 million.

Elkem’s (ELK.OL) Q2 revenue reported NOK 12.326 billion, seeing a 68% increase YoY; EBITDA reached NOK 3.924 billion, up 186% YoY, achieving increases seven quarters in a row, with earnings per share of NOK 8.87.

In the rubber & tire sector, the sales volume of Halcyon Agri (5VJ.SGX) remained stable, and overall profitability continued to strengthen. The average selling price of products increased from USD 1,752/metric ton in H1 2021 to USD 1,922/metric ton; reported revenue was USD 1.3 billion, a rise of 12.1% YoY; operating profit was USD 26.6 million, up 202% YoY.

Pirelli (PIRC.MI) maintained positive growth despite the extremely unstable market environment. In H1 this year, it reported revenue of EUR 3.197 billion, seeing a 24.65% rise YoY; EBITDA reached EUR 676 million, up 34.62% YoY; net profit was EUR 233 million, increasing by 77.05% YoY.

Facing severe external challenges, Aeolus Tire (600469.SH) implemented its market and product structure adjustments in a timely manner, reducing costs and increasing efficiency. Production and operations have continued to improve. In H1 this year, its revenue reported RMB 2.391 billion, net profit attributable to the parent company reached RMB 10.8795 million, representing a positive change in its profitability index.

In urban operations, China Jinmao (00817.HK) recorded RMB 69.9 billion in contracted sales, ranking 11th, up 4 places compared with the same period last year; it reported accumulative collections of RMB 73.3 billion, reaching a record high 105% collection rate. The average financing cost dropped to 3.76%, achieving a record low; the total in land reserves was 77.43 million square meters, providing a solid foundation for the company’s future development.

Jinmao Services (00816.HK) achieved revenues of RMB 1.097 billion in H1 this year, up 59.9% YoY; net profit reached RMB 171 million, increasing 94% YoY; reported net profit attributable to the parent company was RMB 169 million, rising 93.8% YoY; it registered 58.5% increase of gross profit growth YoY to RMB 356 million, and a gross profit margin of 32.5%. As of June 30, 2022, Jinmao’s service contracts and floorage under management reported totals of 69.63 million square meters and 45.48 million square meters, up 57.8% and 128.6% respectively over the same period last year.