casinoonlineliveroulette| Hualu Hengsheng: In the first quarter of 2024, revenue increased by 31.8% and net profit increased by 36.3%

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Hualu Hengsheng's operating income fell by 9% in 2023.Casinoonlineliveroulette.87%, net profit decreased by 43%Casinoonlineliveroulette.14%CasinoonlineliverouletteRevenue increased by 31.8% and net profit increased by 36.3% in the first quarter of 2024. The Jingzhou base project has been put into production and its gross profit margin has increased. Investment advice to maintain the "buy", including raw material price fluctuations and other risks.

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Hualu Hengsheng's revenue declined in 2023 compared with the same period last year, and picked up in the first quarter of 2024.

Hua Lu Hengsheng achieved an operating income of 27.26 billion yuan in 2023, a decrease of 9.87% compared with the same period last year, and its net profit was 3.576 billion yuan, down 43.14% from the same period last year. However, in the first quarter of 2024, the company's operating income increased by 31.8% year-on-year to 7.978 billion yuan, and its net profit increased by 36.3% to 1.065 billion yuan.

With the help of the first phase of Jingzhou base project, the company achieved sales growth of new energy and new materials in the fourth quarter of 2023, with a significant increase in revenue. Especially octanol, oxalic acid, caprolactam and other products.CasinoonlineliverouletteImprove the performance of the company. In addition, the decline in the prices of some raw materials in the first quarter of 2024, especially the purchase prices of raw coal and propylene, further boosted the company's gross profit margin, up 1.71 percentage points from a year earlier and 4.12 percentage points from a month earlier to 21.89%.

The smooth commissioning of the first batch of projects in Jingzhou base has injected new impetus into the long-term growth of the company. The gas power platform project and the syngas comprehensive utilization project have been successfully put into production, with an estimated annual output of 1 million tons of urea, 1 million tons of acetic acid, 150000 tons of dimethylformamide (DMF) and 150000 tons of mixed methylamine. The completion of these two projects marks the integrity of the company's industrial chain of coal-syngas-ammonia alcohol-organic amine / urea / acetic acid, and is expected to produce considerable economic benefits.

The market is optimistic about the outlook of China Lu Hengsheng, which expects the company's EPS to be 2.1,2.60 and 2.80 yuan respectively from 2024 to 2026, and gives a "buy" rating. However, sharp fluctuations in raw material prices, project schedule and earnings falling short of expectations, weakening economic demand in Europe and the United States, insufficient domestic macroeconomic recovery, intensified industry competition and force majeure events may pose risks to the company's performance.

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