The Price Of Disperse Dyes Rose Slightly, And Anor Made A Net Profit Of At Least 47 Million 500 Thousand In The First Quarter.

Local dye leader, Shanghai anoits group Limited by Share Ltd (hereinafter referred to as "anuoqi") announced in April 8th that net profit in the first quarter of 2019 was 45 million 700 thousand yuan to 49 million 850 thousand yuan, up 10%-20% over the same period last year.

During the reporting period, the sales volume and sales volume of differentiated dyestuff products increased compared with the same period last year. The price of disperse dyes increased slightly compared with the same period last year.

At the same time, anoit disclosed at noon this afternoon that the company was concerned about the website of the Yancheng City people's Government in April 5, 2019, which issued a report entitled "resolutely carrying out the new concept of development, pushing greater efforts to promote green pformation, and resolutely promoting the construction of" no chemical areas "in various regions. The relevant meeting pointed out that the Xiangshui Chemical Industrial Park would be completely closed.

Anoits's wholly owned subsidiary, Jiangsu anoits Chemical Co., Ltd. (hereinafter referred to as "Jiangsu anoqi") is located in Xiangshui Chemical Industrial Park, Yancheng City.

Anso said that as of now, the company and its subsidiary, Jiangsu annos, have not yet received the written notification from the local government about closing the Xiangshui Chemical Industrial Park.

Since the explosion of Jiangsu Tian Jia Yi Chemical Industry Co., Ltd. in March 21st this year, anoits of Jiangsu has been in a state of shutdown.

According to the announcement, Jiangsu Anor is mainly engaged in reactive dyestuff production, and its net profit accounts for a relatively small proportion of its net profit. It was 12.58% and 13.15% in 2017 and 2018 respectively.

Public information shows that it was founded in October 1999 and listed on the Shenzhen stock exchange gem in April 2010.

The company started in the fine chemical industry, focusing on the development and research of dyestuff products and their matching dyeing and finishing technology of new textile fabrics and personalized dyeing needs. The company's business scope involves fine chemicals, digital technology and environmental protection new material plate. It is a high-tech enterprise and listed company specializing in textile dyeing and auxiliaries new technology, new product development, production, sale and service.

According to the financial report, in terms of income structure, the sales of disperse dyes is the first business of anoits. In 2017, the sales income of disperse dyestuff was 599 million yuan, accounting for 45%, and showed a steady growth trend.

In 2017, sales of reactive dyestuffs contributed 278 million yuan, environmental protection and other businesses contributed 378 million yuan, and acid dye sales contributed 78 million yuan.

Since 2015, when the company has entered the field of environmental protection new materials, the contribution rate of environmental related business contribution has been 12.6% and 28.4% in the past 2016-2017 years, which has brought new growth points for the company's revenue.

In terms of gross margin, in 2017, the gross profit ratio of the main business of dye was 77.5%, which was the main source of gross profit for anoits. The sales of disperse dyes and reactive dyes contributed 57.2% and 20.3% of the gross profit respectively.

Since 2015, the company has implemented the diversification strategy, the layout of the big digital industry chain and the field of environmental protection and new materials, which has contributed to gross profit for the company. In 2017, the environmental protection and other contribution gross profit was 38 million yuan, accounting for 12.3%.

In terms of sales revenue, the sales revenue in 2018 was 1 billion 160 million yuan, and the decrease in operating income was mainly due to the pfer of 25% of the ownership of the seven color cloud to Ningbo Cai Hui company, which was deducted from the above factors. In 2018, the operating income increased by 12.14% in real terms.

In 2016, its profitability increased sharply, up 32.1% compared with the same period last year, mainly due to the completion of 25 thousand tons of disperse dyes in Dongying, the capacity expansion to 36 thousand tons, and the support of production capacity. The 30 thousand ton intermediate project in Yantai was partially put into operation, which ensured the supply of some raw materials and reduced the cost of dyes.

In 2017, the net profit to the mother was 85 million yuan, and the profit growth rate decreased year by year. Although the sales volume of products continued to grow and the price of products was increased by the environmental pressure and the supply side reform, but because of the low profit margins of the seven color clouds, the company's profits had a phased impact.

In 2018, the annual profitability increased significantly, and the net profit to the parent company amounted to 138 million yuan, an increase of 62.8% over the same period last year.

Deng Sheng, an analyst with CITIC Securities, believes that anso has formed 7 thousand tons of dye filter cake, 30 thousand tons of disperse dyes, 15 thousand and 300 tons of reactive dyes, 10 thousand tons of auxiliaries and 13 thousand tons of intermediate capacity.

The main products are disperse dyes, high washing disperse dyes and environment-friendly disperse dyes, which have strong market competitiveness.

Yantai 30 thousand tons of intermediates, one phase, 13 thousand tons of disperse dyes intermediates have been put into operation. Due to the tight supply of disperse dyes intermediates in the past two years, the first phase intermediates are mainly used for their own use, and a small amount of external sales will help stabilize the supply of raw materials, greatly reduce the production cost of dyes, and enhance the company's business performance.

At the same time, Shandong Anor its fine chemical industry not less than 50 thousand tons of dyestuff and related intermediates project is also actively promoting.

The scale of Future Ltd's dyes and intermediates will be further expanded.