Intercontinental Shares Were 6 Billion 421 Million In 2018 And 1 Billion 300 Million By Disperse Dye Prices.

Zhejiang leap earth Limited by Share Ltd (hereinafter referred to as "run soil shares") issued a 2018 performance bulletin recently, during the reporting period, the company achieved operating income of 6 billion 421 million yuan, an increase of 6.01% over the same period last year; net profit attributable to shareholders of listed companies was 1 billion 337 million yuan, an increase of 42.98% over the same period last year; the basic earnings per share were 1.16 yuan, 0.81 yuan a year earlier.

At the end of the reporting period, the total assets of intercontinental shares were 9 billion 844 million yuan, an increase of 9.63% over the current reporting period.

Intercontinental shares explained that during the reporting period, the state's environmental protection policy continued to tighten, and some dye and intermediate production enterprises stopped production due to environmental protection and safety problems, and the supply of dyes was contracted. Although the sales of major products decreased during the reporting period, the average sales price rose year on year, resulting in a slight increase in the company's operating income over the same period last year, with a substantial increase in net profit year-on-year.

In the fourth quarter of 2018, the operating income of intercontinental shares was 1 billion 370 million yuan, up 9% from the same quarter.

Analysts believe that the overall net profit of intercontinental shares is slightly higher than expected, mainly because the price of disperse dyes is strong and profitability is strong.

Analysts believe that the first half of 2018, disperse dyes rose all the way, the three quarter fluctuated, and the fourth quarter rebounded. At the end of 2018, the average price of disperse dyes was about 39 thousand yuan / ton, compared with the average price of 25 thousand and 500 yuan / ton at the beginning of the year, the increase was as high as 52.9%. The price of reactive dyes in the first quarter of 18 was stable, the two quarter rose sharply, the three quarter plummeted, and the price of the fourth quarter dropped.

The production capacity of disperse dyes and reactive dyes of the intercontinental shares was 110 thousand tons and 60 thousand tons respectively. Due to the continued tightening of the state's environmental protection policy, some dye and intermediate production enterprises stopped production due to environmental protection and safety problems. The supply and shrinkage of dyes resulted in a decline in the sales of major products, but the average selling price increased year by year, resulting in a slight increase in the operating income of the shares.

According to the analysis of Zhejiang Merchants Securities normal fly, from the current dispersion and active supply situation, the pressure of environmental protection is still not substantially relaxed, and the price of dye in 2019 is a bit high. The Jiangsu expedition and Jiangsu Ming Sheng have received the notice of the government's resumption of production, which has been resumed production, is now under trial production, will gradually resume production capacity; the Ming Sheng chemical industry and the expedition stop production for a long time in 2018, which is a drag on the company's profits; its net profit in 2017 is 14 million yuan and 77 million yuan respectively; with the progress of the resumption of production, the company's net profit is expected to increase significantly.

According to public information, the company is one of the leading domestic dyestuff enterprises. It has 110 thousand tons of disperse dyes, 60 thousand tons of reactive dyes, 10 thousand tons of other dyestuffs, and 20 thousand tons of the key intermediate of reactive dyes, 10 thousand tons of technical acid, and 20 thousand tons of fat.

Financial reports show that since 2014, except for the three or four quarter of 2015 and the first quarter of 2016, the remainder shares have averaged an average profit of 268 million in each quarter. In the first and second quarters of 2018, the price of the industry rose due to environmental protection and other factors, and the net profit was much higher than the average value.