东岳集团二零二五年中期报告

CONTENTS 2Corporate Information5Management Discussion and Analysis18Other Information29Report on Review of Condensed Consolidated Financial Statements31Condensed Consolidated Statement of Profit Or Loss and Other Comprehensive Income32Condensed Consolidated Statement of Financial Position34Condensed Consolidated Statement of Changes In Equity36Condensed Consolidated Statement of Cash Flows37Notes to the Condensed Consolidated Financial Statements CORPORATE INFORMATION Registered Office Vistra (Cayman) LimitedP.O. Box 31119Grand Pavillion, Hibiscus Way802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands Vistra (Cayman) LimitedP.O. Box 31119Grand Pavillion, Hibiscus Way802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands Head Office and Principal Place of Business inThe PRC Dongyue International FluoroSilicone Material Industry ParkZibo CityShandong Provincethe PRC Principal Place of Business in Hong Kong 181262621 Unit 262126/F, Tower 1, Admiralty Centre18 Harcourt RoadAdmiraltyHong Kong www.dongyuechem.com Website Address www.dongyuechem.com Directors Executive Directors Mr. ZHANG Jianhong(Chairman and Chief Executive Officer)Mr. WANG Weidong(President)Mr. ZHANG Zhefeng(Vice President and Chief Financial Officer)Ms. CHUNG Tak Lai Independent Non-Executive Directors Mr. TING Leung Huel, StephenMr. YANG XiaoyongMr. MA Zhizhong CORPORATE INFORMATION Company SecretaryMs. CHUNG Tak Lai Authorized Representatives Mr. ZHANG ZhefengMs. CHUNG Tak Lai Audit Committee Mr. TING Leung Huel, Stephen(Chairman)Mr. YANG XiaoyongMr. MA Zhizhong Remuneration Committee Mr. YANG Xiaoyong(Chairman)Mr. TING Leung Huel, StephenMr. ZHANG Jianhong Nomination Committee Mr. ZHANG Jianhong(Chairman)Mr. TING Leung Huel, StephenMr. YANG Xiaoyong Corporate Governance Committee Mr. ZHANG Jianhong(Chairman)Mr. WANG WeidongMr. ZHANG Zhefeng Risk Management Committee Mr. TING Leung Huel, Stephen(Chairman)Mr. YANG XiaoyongMr. MA Zhizhong Principal Share Registrar and Transfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman KY1-1100Cayman Islands CORPORATE INFORMATION Hong Kong Branch Share Registrar and TransferOffice 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Principal Bankers 134 China Construction Bank CorporationHuantai Branch134 Jianshe RoadZibo City HuantaiShandong Province PRC 7 Industrial and Commercial Bank of China LimitedHuantai Branch7 Zhangbei RoadZibo City HuantaiShandong Province PRC 101 Agricultural Bank of China LimitedHuantai Branch101 Zhongxin RoadSuo ZhenZibo City HuantaiShandong Province PRC 48 Bank of China LimitedHuantai Branch48 Heng Huan RoadZibo City, HuantaiShandong Province, PRC Investor Relations Consultant Investor Connect Advisory Ltd Auditor Zhonghui Anda CPA Limited External Legal Advisor Norton Rose Fulbright Hong Kong Stock Code 189 189 4 MANAGEMENT DISCUSSION AND ANALYSIS Results Review 2025 In the first half of 2025, the domestic and international economiclandscape remained complex, with international trade policies changingrapidly and the market environment fraught with uncertainties. Thefluorosilicone chemical industry has consequently been affectedaccordingly. Despite the rapidly changing external conditions, theGroup seized opportunities, responded proactively, and delivered strongoperating results through leveraging its established industry expertise. I.A Significant Growth in Operating Results 153.28% In the first half of the year, amid shifting international tariffpolicies and other external factors, the overall economicenvironment remained volatile, impacting the fluorosiliconechemical industry. Market demand of some products was weak,supply competition intensified, and product prices remainedlow. However, due to quota restrictions, the prices of multipleproducts in the Group’s refrigerant business segment havesurged significantly, serving as a critical performance driverand presenting a rare growth opportunity. Thanks to its long-standing operations in the refrigerant industry, the Group hassecured substantial quotas, enabling it to capitalize on thisopportunity and achieve significant performance growth in thefirst half of the year, where profit attributable to owners of theGroup surged by 153.28% year-on-year. II.Full Assurance of Production Stability 100% The Group fully recognizes that, under the current operatingenvironment, production stability serves as a critical foundationfor seizing rare growth opportunities. Therefore, the Group hasrigorously implemented its established safety and environmentalprotocols to ensure uninterrupted production stability. In thefirst half of the year, the Group maintained an impeccablesafety record with no major incidents disrupting operation