A Number Of Spandex Listed Companies Achieved Eye-Catching Performance In The First Half Of The Year

Benefited from a period of time since the price of domestic spandex products continued to rise and hot market, recently, the main business of several listed companies including spandex announced semi annual performance forecasts are very eye-catching.

Huafeng Chemical recently released the first half performance forecast, during the period, the company's net profit attributable to shareholders of listed companies is expected to be 3.6 billion to 3.9 billion yuan, with a year-on-year increase of 441.31% to 486.42%.

Huafeng Chemical is a holding subsidiary of Huafeng Group, specializing in the R & D, production and sales of spandex, adipic acid and polyurethane stock solution. It is the leading "leader" in China's spandex industry. Its "Millennium" brand spandex products have strong competitiveness in the market, covering different specifications of 10d ~ 2500d, and the product innovation ability is strong. At present, its new production expansion plan is being implemented, and its scale and comprehensive competitiveness are constantly improving.

According to the financial report, in the first quarter of this year, Huafeng Chemical realized a revenue of 5.79 billion yuan, a year-on-year increase of 120.8%; The net profit attributable to the parent company was 1.64 billion yuan, up 501.7% year on year.

Spandex is a major business of Taihe new materials. The company has two production bases in Yantai and Ningxia. According to the performance forecast for the first half of the year, the company's net profit attributable to shareholders of listed companies is expected to be 400 million to 450 million yuan, with a year-on-year increase of 222.45% - 262.76%.

Xinxiang Chemical fiber's main business also includes spandex. According to the company's recent performance forecast for the first half of the year, the company's net profit attributable to shareholders of listed companies is expected to be 710 million yuan to 760 million yuan, with a year-on-year increase of 2394.14% to 2569.79%.

Talking about the reasons for the sharp increase of net profit in the first half of the year, Huafeng Chemical said that the downstream demand of the textile industry accelerated the recovery in the first half of the year, and the prosperity of the industry continued to rise. The production and sales volume and sales price of the company's Spandex products increased significantly compared with the same period of last year, driving the business revenue to increase significantly year-on-year. At the same time, the company strengthened cost control, effectively resolved the price fluctuation of raw materials, and made the overall gross profit rate rise significantly. According to Taihe new materials, the demand for spandex products was strong in the first half of the year, the sales price continued to rise, the sales volume increased, and the profit level increased significantly year on year; At the same time, the production and sales of aramid products increased significantly, and the profit increased significantly year on year. Xinxiang Chemical fiber also said that in the first half of the year, affected by the continuous growth of the basic demand of the spandex industry, the sales price of the company's main products, spandex sales, and the gross profit rate of spandex increased significantly.

In terms of price, the price of spandex has reached a new high in recent 10 years. According to relevant statistics, in early July, the reference quotation of 40d spandex in Zhejiang was 72000 yuan / ton ~ 75000 yuan / ton, and the unit operating rate of domestic large spandex factories exceeded 90%. On July 12, the price of 40d spandex continued to rise to 77000 yuan / ton, 9400 yuan / ton higher than the price three months ago and 156.34% higher than that of the same period last year. On July 19, the mainstream transaction price of 40d spandex for warp knitting was 740 million yuan / ton ~ 85000 yuan / ton, and the price index was 78500 yuan / ton. From July 26 to 30, the mainstream shipping price of 40d spandex was 76000 yuan / ton ~ 80000 yuan / ton, and the price of some high-end circular knitting machines and warp knitting spandex was 82000 yuan / ton ~ 83000 yuan / ton.

For the domestic market why the spandex market continues to be hot, an industry personage said to reporters, the reasons are various. First, since 2020, the demand for masks in the global market has increased sharply, and spandex filament is an important raw material for the production of mask ear belt. Driven by this demand, China's Spandex market has been in short supply. Second, the epidemic situation also makes indoor sports more concerned. The market demand for yoga clothes, sports clothes and other products is increasing rapidly, and the demand for spandex as an important raw material also increases. Third, since this year, the global epidemic is still spreading. Textile orders from many Southeast Asian countries have been transferred to China, which has also increased the market demand for spandex to a certain extent. In addition, in fabric products, the content of spandex is relatively small, and it is not convenient to store spandex for a long time, which also restricts downstream enterprises to purchase spandex in large quantities to a certain extent, which makes the inventory level of Spandex Products in the market at a historical low level.

Talking about the next overall development trend of the spandex industry, the above industry insiders said that as the elastic fiber widely used in the market, spandex products have strong vitality, and the future development prospects are still expected. With the continuous development of the industry, China's spandex industry has shown two major characteristics: first, the production capacity has accelerated to the "head" enterprises, and their comprehensive competitive advantages such as capacity scale, technology, research and development, capital, talent and so on continue to strengthen. Small and medium-sized enterprises are facing greater competitive pressure, and the next industry reshuffle is inevitable; Second, the trend of production capacity transfer to the central and western regions is obvious. No matter when the rising price of spandex will fall, but these two characteristics will be more and more obvious.