Jinmei Technology

English summary

### Jinmei Technology Time: 2026-07-30 08:51:32 Content: Foreign capital enters long-term position, abnormal movement: Jinmei Technology. The company focuses on coal-to-ethylene glycol, and achieved a turnaround from loss to profit in the first half of the year. In early April, the 100,000-ton annual oxalic acid expansion project was successfully completed and put into production. The company thereby increased the production and sales of highly profitable oxalic acid, while actively reducing the production and sales scale of ethylene glycol with poor gross margins. Combined with the upward market for oxalic acid, the overall profit structure improved significantly. In addition, the company continued to promote cost-reduction measures such as high-calorie coal co-firing, further reducing unit consumption, jointly driving the turnaround to profitability in the reporting period. According to Jinmei Technology's 2026 semi-annual report data, the company's 100,000-ton annual oxalic acid expansion project was put into production in early April 2026, and capacity utilization performed well after production. In the first half of 2026, the company's oxalic acid production reached 75,100 tons, a year-on-year increase of 40%, corresponding to a capacity utilization rate of approximately 79.79%quote. ...