China Xuyang Group said net profit for the first half of 2026 is expected to jump by no less than 335% from a year earlier, helped by stronger margins in fine chemical products and the completed acquisition of Tianjin Binhai Energy Development Co., Ltd. The company said selling prices for fine chemicals rose while key input costs were broadly stable, widening spreads and supporting profitability. For caprolactam, a main product, the average selling price in the first half of 2026 rose 13.3% year on year to about RMB 9,701.3 per ton from about RMB 8,563.1, while the average purchase price of pure benzene remained largely flat. Spreads for other products, including methanol made from coke oven gas, also stayed high. The June 24, 2026 completion of the Binhai Energy deal further boosted the reported growth rate. Because the acquisition is treated as a business combination under common control under International Financial Reporting Standards, the group restated the comparable unaudited consolidated management accounts for the same period last year, reducing the base-period net profit by about RMB 36 million. Binhai Energy's own operations also improved, with first-half revenue rising 78.5% to about RMB 419.3 million. Market data cited in the report showed Binhai Energy still posted a net loss attributable to shareholders of RMB 28.247 million for the first half, but that was 27.8% narrower than a RMB 39.13 million loss a year earlier, with a loss per share of RMB 0.1272. The subsidiary is also advancing a Phase I 150MW source-grid-load-storage green power wind power project in Inner Mongolia Autonomous Region, which entered system commissioning and trial operation after full-line power transmission on August 1, 2026.