Baihong Industrial (02299) is pleased. It is expected that profit attributable to shareholders will rise sharply by no less than 160% in the first half of the year

According to the Zhitong Finance App, Baihong Industrial (02299) announced that compared with the six months ended June 30, 2025, the company may obtain a sharp increase of no less than 160% in profit attributable to the company's owners in the six months ending June 30, 2026. The increase is mainly due to the increase in oil prices driving up product gross profit, which led to a sharp increase in total sales, thereby driving a sharp increase in total revenue.