Industry Downturn, Huafeng Spandex Net Profit Decline In The Three Quarter

Huafeng spandex closed at 4.77 yuan in October 16th, down 0.01%

The evening of October 15, 2012, Huafeng spandex released the three quarterly report of 2012.

In 2012 1-9, the net profit of Huafeng spandex was 20 million 86 thousand and 100 yuan, down 74.95% from the same period last year.

Only in the third quarter, at home

With the continuation of policy and the backwarding of downstream demand, the chemical fiber industry seems to have rebounded.

Huafeng spandex gained 50 million 808 thousand and 500 yuan in the third quarter, up 407.99% from the same period last year.

Industry downturn, Huafeng spandex net profit decline in the three quarter

Since the fourth quarter of 2011, the economy has been affected by the macro economy.

The shrinkage of demand has reduced the ex factory price of chemical fiber products one by one, and the rising price of raw materials on the upper reaches has further led to further squeezing of profit margins. The output of the chemical fiber industry has just jumped to the world's first, and it has quickly welcomed the adjustment of the whole industry.

The downturn in the industry has made the listed companies miserable.

The three quarterly report of Huafeng spandex shows that in 2012, 1-9 months, Huafeng spandex realized operating income of 1 billion 225 million yuan, an increase of 16.34% over the same period last year, and realized a net profit of 20 million 86 thousand and 100 yuan, down 74.95% compared to the same period last year.

This is the seventh consecutive decline in the performance of Huafeng spandex since the first quarter of 2011.

Along with the continuous decline of performance, Huafeng spandex stock price has staged roller coaster market.

By the end of October 16th, the price of Huafeng spandex was 4.77 yuan, down 34.30% compared with the highest price in the year (7.26 yuan).

Policy support needs to pick up the third quarter of the industry bottomed out?

The website of the Ministry of Commerce announced on Friday that since October 13, 2012, importers are importing originating from

When importing spandex in Singapore, Korea, China, Taiwan and the United States, the corresponding anti-dumping duty should be paid to the Customs for a period of 5 years.

In addition, the downstream textile and garment industry is gradually warming up, and the price of primary products such as nylon and spandex is rising. The chemical fiber industry seems to be watching the "spring" in the long "cold winter".

The three quarterly report of Huafeng spandex shows that the third quarter profit of Huafeng spandex is 50 million 808 thousand and 500 yuan, an increase of 407.99% compared with the same period last year.

Will the three quarter become the touches of the chemical fiber industry?

Analysts believe that although the third quarter performance of Huafeng spandex has shown a good momentum, but the three quarter of the bottom line of the industry is still open to question.

Data show that in September, the 11 diffusion index of chemical fiber PMI had no bright spot, and the replenishment stock market of downstream products and raw materials shortage was at the end.

Overall, the recovery of the chemical fiber industry may be weak.