Huafeng Spandex Full Load Production Gross Margin Is Expected To Continue To Improve In The Second Half Of The Year

Huafeng spandex semi annual report shows that in the first half of the year, the company achieved operating income of 1 billion 138 million yuan, an increase of 48.97% over the same period last year, and realized a net profit of 80 million 210 thousand yuan. The company said that in the first half of the year, the market demand exceeded expected growth, and the company maintained full load production. The market expects that the company's performance will continue to improve in the second half of the year.

Full load increase in gross margin

In the first half of this year, the demand and supply situation of the spandex industry changed significantly due to the increase in market demand, no new production capacity and the increase of upstream raw material supply. In order to give full play to the advantages of production capacity, the company decided to drive production at full capacity, giving full play to the scale cost advantages brought by the new capacity, so as to reduce the overall production cost of the company. The demand for fine denier yarn in the spandex market at home and abroad has exceeded expected growth. The company has adjusted the production line in time to achieve full load production, greatly increased the proportion of production and sales of fine denier spandex, and raised the gross gross profit margin.

It is understood that since the company's 15 thousand tonnes of new capacity was put into operation in 2012, the total capacity of the company has reached 57 thousand tons. Because the new capacity has adopted multi head spinning, high-speed spinning technology, new energy saving new equipment and new technology, and specializes in producing fine denier spandex, compared with the original production line of the company, its production efficiency is higher and energy consumption level is lower. In the future, the company's capacity will increase further. According to the company's plan, 60 thousand tons of capacity will be added in the future, divided into two phases and 30 thousand tons, respectively, and put into operation in December 2014 and August 2016 respectively.

The company said that from 2001 to 2012, the market demand of spandex increased by an average annual growth of more than 10%. In the future, the demand for spandex is still increasing by 10%, which needs 4-5 tons of new spandex every year. The popularity of spandex fiber has created a condition for its popularity. If the addition of spandex in fabric is increased from 6% to 7%, then the usage of spandex will increase by 16.7%.

　 The second half is expected to continue to improve

Since the three quarter, spandex prices continue to rise, upstream raw material prices are more stable or even decline, judging from this, Huafeng spandex's performance is expected to continue to improve. According to the latest news, the spandex industry conference held in Shaoxing in July 30th decided that the price of spandex with 30D and 40D specifications should be raised by 2000 yuan / ton, which means spandex price will break through the mark of 40000 yuan / ton successfully.

"7 and August are the traditional off-season, but the price of products continues to rise and the off-season is not bad. The more significant benefit is the large enterprises, because the sales situation of large enterprises is better, orders are abundant, the operating rate is higher, and a small part of the factories are still in a state of shutdown." first Spin Wang Qian, editor in chief of the network.

The industry believes that the spandex industry is likely to usher in the turning point of prosperity. On the supply side, the spandex industry is at a low level, with fewer new products in the next two years. clothing The recovery of the industry is not yet obvious, but the recovery of the US economy is clear, which will stimulate the export of spandex.

It is understood that the original spandex is mainly used in traditional swimsuits, underwear and socks, and other fields, but since last year, the application area of spandex has been significantly expanded. For example, women's pantyhose, stockings, clothing (such as suits, trousers, jackets, shirts, etc.), down garments, paper diapers are also starting to use spandex. At the same time, the proportion of spandex used in the original field is also continuously improving, and the demand for adding spandex in the original downstream areas is also increasing.