Shares of Dongyue Group (HKEX: 00189) have surged by more than 8%, bringing its year-to-date gains close to 90%.
At the time of writing, the stock was up 8.09%, trading at HK$20.04 with a turnover of HK$778 million.
Catalyst for the Move
The recent rally is attributed to a sustained increase in domestic refrigerant prices, with the industry maintaining a high level of prosperity.
According to the latest data from Fluorine Online on June 15, prices for mainstream third-generation refrigerants have reached new highs.
The ex-factory price for R32, a core material for air conditioners, is 63,000 yuan per ton including tax, while R134a, commonly used in new energy vehicles, is quoted at 64,000 yuan per ton.
Company Developments
Furthermore, the company's 2025 annual report indicates it has completed the development of electronic fluorinated fluid FC-3283.
The product has passed verification and is now in stable production.
It is primarily used in semiconductor manufacturing, electronic device testing, and data center liquid cooling, serving as a domestic alternative to imported equivalents.
Concurrently, the group is steadily advancing research and development in areas such as polytetrafluoroethylene materials, new organic silicon materials, and silane coupling agents.
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