Nanjing Julong's 2025 Interim Report Shows Net Profit of 57.36 Million Yuan, Up 40.73% Year-on-Year

According to Omdia's forecast, by 2032, the global shipment volume of foldable OLED screens will reach 124.6 million units, accounting for 8.6% of the overall OLED market, significantly higher than the 23.1 million units in 2024 and the projected 23.5 million units in 2025. Omdia believes that over the next eight years (from 2024 to 2032), the estimated shipment volume of foldable phones will surge fivefold.

Nanjing Julong (300644.SZ): Net profit for the mid-year report of 2025 is 57.3644 million yuan, an increase of 40.73% compared to the same period last year.

On August 20th local time, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting held from July 29th to 30th. The minutes indicated that the Federal Reserve agreed to maintain the target range for the federal funds rate at 4.25%-4.5%. During the monetary policy discussion at this meeting, members unanimously agreed that, despite fluctuations in net exports affecting the data, recent indicators suggested that economic activity growth in the first half of the year had slowed. The inflation rate remains slightly high, and uncertainty about the economic outlook remains elevated.

To support the Committee's objectives, almost all members agreed to maintain the target range for the federal funds rate at 4.25% to 4.5%. Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller, both overseen by the Federal Reserve, voted against the decision to keep the benchmark interest rate unchanged and instead supported lowering the rate by 25 basis points to prevent further weakening of the labor market.

At the 2025 China (Zhengzhou) International Futures Forum on August 19, a relevant official from the Zhengzhou Commodity Exchange stated that they are actively promoting the opening of the polyester sector, including PTA options and futures and options for paraxylene, short fiber, and bottle-grade PET, as specific products to the international market. Currently, nearly 800 overseas clients from 33 countries and regions, including Hong Kong, Singapore, the United Kingdom, and the United Arab Emirates, have opened accounts with the Zhengzhou Commodity Exchange.

Recently, global polyurethane giant Covestro issued a warning to its customers that the supply tightness of TDI (toluene diisocyanate) will continue to worsen.According to the latest notice, on top of the already significant supply reduction, Covestro will further cut its supply to the Chinese market by 15% in August.Covestro clearly stated in the notice that contract customers, especially those who are behind on their rebate agreements, should make reasonable arrangements in advance for the coming months. The notice specifically emphasizes that the company will no longer accept any unplanned additional orders, and there will not be sufficient resources in the fourth quarter for customers to rush to meet their rebate targets.