Xinghua Group Co., Ltd.: After nearly two years of technical transformation, Yushen Energy and Chemical has maintained production capacity utilization above 85%. The planned ethanol production for 2026 is 420,000 tons.

NightAirdropper · 2026-03-24T02:53:36+00:00

Xinghua Group responded to investor inquiries, indicating that each major business segment is operating at full capacity, with ethanol products maintained above 85%. The Yushen Energy Coal-based Ethanol Project is expected to achieve stable operations in 2025, with plans to produce 420,000 tons in 2026. Coal procurement prices increased slightly due to rising crude oil prices, but the impact on profitability is limited, with overall operations proceeding normally.

NightAirdropper

2026-03-24 02:53:36

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Everyday Economic News AI Express: An investor asked on the investor interaction platform: 1. Please introduce the current production load, sales prices, and costs of the company’s main business segments (methanol, coal-based ethanol, DMF, synthetic ammonia, ammonium nitrate, etc.); 2. What is the current actual output, operational stability, and production schedule of the Yushen Energy 500,000-ton coal-based ethanol project? 3. How does the company’s coal procurement price compare to market prices, and what is the impact of coal costs on current profitability?

Xinghua Co., Ltd. (002109.SZ) stated on March 23 on the investor interaction platform: 1. The ammonium nitrate business was spun off during the company’s major asset restructuring in 2016 and is operated by the company’s second-largest shareholder, Xinghua Group. The company’s existing products such as methanol, synthetic ammonia, mixed amines, and DMF are currently operating at full capacity with full sales; ethanol production load remains above 85%. Among the main products, except for synthetic ammonia, recent price increases are significant, and product gross profit has turned positive; 2. After nearly two years of technical transformation, Yushen Energy has preliminarily achieved stable long-cycle operation since August 2025. Currently, production load is maintained above 85%, with an ethanol planned output of 420,000 tons in 2026, striving to reach full production and meet standards; 3. Due to rising crude oil prices, the company’s recent coal procurement prices have slightly increased compared to February 2026, but the overall increase is less than the rise in main product prices, limiting the impact on profitability. Currently, the company’s operations are normal, and there have been no major policy changes in the industry recently. Please be aware of investment risks.

(Reporter Wang Xiaobo)

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