Dye Industry Listed Companies 2018 Annual Report: Who Has Achieved This Wave Of Bull Market?

After bottoming in 2016 and resumption in 2017, China's dyestuff industry returned to the bull market in 2018, and factories supported low inventory support to achieve the normal price increase in the off-season.

In April 2018, a large number of large dyestuff production enterprises in Northern Jiangsu entered into long-term parking rectification, and the market supply and demand pattern was abrupt. With the support of upstream raw materials, the dyestuff market showed a trend of "high season and light season".

One

Intercontinental stock

Average selling price increased significantly

Overall operation steadily and steadily

The annual report shows that

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.

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

The company said that the state's environmental protection policy continued to tighten. Some of the dye and intermediate manufacturers of the company stopped production and production due to environmental protection and safety problems. The supply of the dyes contracted, resulting in a decline in the sales of the main products during the reporting period. However, the average sales price increased significantly over the same period last year, resulting in a slight increase in the company's operating income and a substantial increase in net profit over the same period last year.

At present, the Jiangsu expedition Chemical Co., Ltd. and Jiangsu Ming Sheng Chemical Co., Ltd. have resumed production and gradually resumed production capacity.

Ming Sheng chemical and expedition, due to a long shutdown in 2018, is a drag on the company's profits. Its net profit in 2017 is 14 million yuan and 77 million yuan respectively. In the future, with the progress of the resumption of production, the company's net profit is expected to increase significantly.

Editor's comment:

From the current decentralized and active supply situation, the pressure of environmental protection is still not substantially relaxed, and the industry looks at the price of dyestuff in 2019.

I believe that intercontinental shares will receive more ideal pcripts in 2019.

Two

Zhejiang Longsheng

Enterprises have the advantage of first mover advantage.

There is still room for improvement in the future.

Although the Zhejiang Longsheng group Limited by Share Ltd has not officially released its 2018 annual report, it can be seen from its recently released performance announcement that last year, Zhejiang Longsheng can be followed by the wind.

Notice shows that

Zhejiang Longsheng said that the price of intermediate products in the main business of the company increased considerably compared with the same period in 2017, mainly due to the higher industry barriers and the further improvement of market concentration.

At the same time, the price of dyestuff products has increased considerably compared with the same period in 2017. The main reason is that some small and medium-sized enterprises stop production and limit production due to environmental protection and safety problems, which directly lead to the shortage of dye supply.

According to the announcement, Zhejiang Longsheng has focused on the global layout in recent years. The domestic sales provinces mainly focus on traditional chemical industry provinces such as Zhejiang, Jiangsu, Shandong, Fujian and so on. Foreign countries include Germany, the United States, Brazil, South Korea, Vietnam, Turkey, Pakistan and so on. Through the reorganization of Germany's Dassault, the company obtained the original patent, realized the profit after the bankruptcy of the storm, and subsequently acquired the Emerald chemical manufacturing company, which further enhanced the company's low cost advantages in obtaining overseas capital, technology, market sales and service channels in a short time.

Editor's comment:

Three

Haixiang pharmaceuticals

Brand influence enhancement

Achieve steady growth in performance

The Zhejiang Haixiang pharmaceutical Limited by Share Ltd, which joined the two main industries, achieved operating income of 2 billion 719 million yuan in 2018, an increase of 17.74% over the same period last year.

Net profit of 605 million yuan, an increase of 76.79% over the same period.

Among them,

At the same time, the company expects that the net profit attributable to shareholders of Listed Companies in 2019 1~3 will be between 160 million yuan and 182 million yuan, up 257.39% to 306.54% over the same period.

Due to the continuous fermentation of "environmental storm" in 2018, a number of policies on environmental rectification, upgrading and relocation involving chemical industrial parks have been launched, and a large number of dyes and related intermediates have been shut down.

In the face of unfavorable situation, the company became the first dye enterprise certified by "made in Zhejiang". It has passed the certification standard of global organic textile chemicals (GOTS 5), the blue label system of Bluesign blue label system, and reactive brilliant blue KN-R has won the title of national manufacturing champion and national hidden champion product, and its brand influence has been further enhanced.

In addition, Taizhou Qianxin new dyestuff project has started construction and is progressing smoothly, and the product sequence will be enriched after the project is released.

Editor's comment:

At present, the company's active brilliant blue KN-R is in the leading position in the field of dyes, and has an absolute voice for its price, and its downstream customers are stable. These will help enhance the company's ability to deal with market risks, and at the same time help expand the competitive advantage of the company in the field of high-end dyes and enhance market share.

Four

Asia bond

Serious shortage of work throughout the year

Net profit fell significantly

In 2018, it was difficult for Jiangsu's Limited by Share Ltd.

The company's 2018 performance forecast revealed that

In addition, net profit after deducting non recurring gains and losses attributable to shareholders of listed companies decreased by 287 million yuan compared with the same period last year, a decrease of about 59% compared with the same period last year. Net profit after deducting non recurring gains and losses attributable to shareholders of listed companies decreased by 287 million yuan compared with the same period last year (restated data), a decrease of 59% compared to the same period last year.

According to the state of Asian bond, the serious shortage of annual operating rate, the decline in sales revenue and the increase in production costs were a major factor leading to a year-on-year decline in the company's performance in 2018. Meanwhile, according to the results of the impairment test on assets related to goodwill at the end of the company, the company's estimated impairment loss of goodwill assets was about 97 million yuan.

Affected by the above two factors, the net profit of the company declined significantly throughout the year.

The company is expected to achieve the recovery standard in the first quarter of 2019. After the rectification is completed, the company will start the application process for resumption of production, but it is not yet certain the exact time to resume production.

Editor's comment:

Five

anoky

Continuous operation and management

Future capacity expansion

According to the 2018 earnings report, Anor realized its operating income of 1 billion 160 million yuan, down 12.98% from the same period last year, and operating profit of 179 million yuan, an increase of 59.06% over the same period last year.

Net profit attributable to shareholders of listed companies was 138 million yuan, an increase of 62.89% over the same period last year.

During the reporting period, its gross profit margin increased by 7.62 percentage points over the same period last year, increasing its gross profit margin by 88 million 380 thousand yuan.

Anso believes that the increase in gross profit margin during the reporting period was mainly due to the company's continuous efforts to promote R & D, marketing, production and operation management, and further improve the gross margin of product business.

Second, the intermediate project of the company has been gradually produced, stabilizing the supply of raw materials, reducing the cost of raw materials, and increasing the gross profit margin of products.

Once again, the dye industry is affected by the state's environmental protection and supply side reform, the company's product sales price rises, and the corresponding product gross profit margin is increased accordingly.

Up to now, anno has formed the existing capacity of 7000 tons of dye filter cake, 36 thousand tons of disperse dyes, 10 thousand tons of reactive dyes and 10 thousand tons of auxiliaries. In addition, the first stage project of "Yantai's annual production of 30 thousand tons of dyestuff intermediates" has been completed and 12000 tons of disperse dye intermediates have been put into operation.

Moreover, it is noteworthy that

Editor's comment:

In addition, anoits's market positioning for dyestuff products is a comprehensive dyeing and finishing solution provider for new textile fabrics and special needs. It not only provides customers with special dyestuff products that meet specific needs, but also provides customers with matching printing and dyeing process and technology solutions.

In the future, as multiple layout projects continue to come down, it will provide strong support for anuno's economic growth.