Shanghai Stock Exchange chemical companies accelerate high-end, green transformation

Economic Reference News Reporter Zhang Wen

Under the policy guidance of “cultivating new quality productivity” and “promoting the upgrading of traditional industries,” the chemical industry is accelerating its transformation from scale expansion to quality improvement. Sources reveal that a group of leading companies on the Shanghai Stock Exchange Main Board are achieving structural upgrades and profit recovery through supply-side optimization and technological breakthroughs, demonstrating strong resilience across development cycles.

After the comprehensive implementation of quota management in the fluorinated refrigerant industry, rigid supply constraints have become evident, disorderly competition has improved, and resources are rapidly consolidating toward leading enterprises. As an industry benchmark, Guohua Co., Ltd. relies on its full range of refrigerant products and its leading quota scale, with an expected net profit attributable to shareholders of 3.54 billion to 3.94 billion yuan in 2025, an increase of 80% to 101% year-on-year. The company’s third-generation refrigerant production quota accounts for nearly 40% of the industry total, maintaining its top position.

While the quota system promotes the optimization of supply and demand structure in the industry, Guohua Co. is accelerating the research, development, and industrialization of the fourth-generation green refrigerants, achieving breakthroughs in high-end fluorinated new materials, and gradually moving toward the high-end of the global high-performance fluorochemical industry chain, using technological upgrades to hedge against industry cycle fluctuations.

It is worth noting that, around the goal of “key core technology breakthroughs,” high-end chemical material companies listed on the Shanghai Stock Exchange are frequently reporting good news in fields such as electronic chemicals and aerospace materials. Haohua Technology focuses on its “3+1” core main businesses, with an expected net profit attributable to shareholders of 1.38 billion to 1.48 billion yuan in 2025, a year-on-year increase of 31% to 40%, with net profit excluding non-recurring gains and losses increasing by over 100%. The company has achieved domestically produced large aircraft supporting applications for multiple products, and completed domestic substitution in key areas such as aerospace tires and fireproof sealing profiles. Additionally, the company possesses globally leading engineering capabilities in hydrogen purification and carbon dioxide capture, highlighting the critical role of high-end chemical materials in ensuring industrial safety.

In the chemical fiber industry, under policy guidance, the sector is accelerating its “anti-involution” efforts, shifting from scale expansion to quality and efficiency enhancement, and from low-price competition to value creation. Global polyester filament leader Tongkun Group expects to achieve a net profit attributable to shareholders of 1.95 billion to 2.15 billion yuan in 2025, an increase of 62.24% to 78.88%, with further profit acceleration in the fourth quarter. Relying on integrated industry chain layout and refining synergy effects, Tongkun continues to strengthen cost advantages and bargaining power. Meanwhile, the company is actively developing differentiated, high-end fiber products, steadily improving per-ton profit, and serving as a model for the industry’s transition from “volume growth” to “quality upgrade.”

Industry insiders believe that as outdated capacity is further phased out and new capacity growth rationally slows, the profit center of the chemical and chemical fiber industries is expected to steadily rise. The comprehensive advantages of leading companies in scale, cost, technology, and governance will further translate into stable profitability and market pricing power. With policy guidance and support from capital markets, the chemical sector on the Shanghai Stock Exchange is accelerating toward high-end, green, and international development, playing an increasingly important role in serving national strategies, ensuring industrial safety, and promoting the formation of new quality productivity. Leading chemical companies on the Shanghai Stock Exchange are also speeding up their move toward high-end, green, and intelligent development.