Home > News > Raw material price goes down, soda ash industry profits improve

Raw material price goes down, soda ash industry profits improve

wallpapers News 2020-07-14

In the first three quarters, the operating revenue continued to grow, the net profit increased year on year.

In the first three quarters of 2014, 208 listed companies in the basic chemical industry achieved operating revenue of 518.

404 billion yuan, a year-on-year increase of 6.

19%, operating profit of 21.

351 billion yuan, a year-on-year increase of 39.

46%, net profit attributable to the owners of the parent company reached 16.

689 billion yuan, with a year-on-year increase of 36.16%. Since 2014, the capacity expansion of some branches of the industry has come to an end, the dem structure is better The cost of coal other raw materials decreased, the bottom of the industry boom recovered.

In the first three quarters, except for the nitrogen fertilizer, civil explosive, chemical fiber, polyurethane, fluorine chemical industry plastic products, the net profit of other sub industries increased to varying degrees.

In the third quarter, the scale of revenue exped slightly, the bottom of net profit rose.

In the third quarter of 2014, the operating revenue of Listed Companies in basic chemical industry reached 182.

061 billion yuan, with a year-on-year growth of 8.20%. The net profit attributable to the owner of the parent company was 5.

935 billion yuan, with a year-on-year increase of 63.09%. In the third quarter of 2014, the income scale of the basic chemical industry maintained a growth trend, benefiting from the weakening prices of main raw materials, such as coal inorganic salts, as well as the supply dem pattern of some industries improved At the same time, some chemical enterprises' assets impairment loss decreased year on year, investment income increased year on year, which promoted the rapid growth of the overall net profit of the industry under the low base in the same period last year.

In terms of sub industries, the profits of chemical fiber, soda ash, dye, compound fertilizer, silicone other sub industries improved significantly year on year.

In the third quarter, the asset liability ratio tended to be stable, the rate of capacity expansion picked up.

In the third quarter of 2014, the asset liability ratio of the basic chemical industry (sample listed companies) continued to rise year-on-year, but decreased by 0.

30% month on month, showing a trend of stabilization.

The basic chemical industry is still in the period of capacity expansion.

After the downturn in recent years, the industry capacity expansion speed gradually slowed down from the second half of 2012 to the end of 2013.

After 2014, with the improvement of the bottom of the industry's profitability, the proportion of construction in progress construction in total assets began to rebound slightly, the capacity expansion rate rebounded.

In terms of sub industries, the proportion of construction in progress in some sub industries (such as chemical fiber) continued to decline month on month, while the construction in progress of individual sub industries (such as polyurethane) increased rapidly.

Inventory turnover days increased slightly in the third quarter, the operating cash flow was in good condition.

In the third quarter of 2014, the inventory scale of the basic chemical industry (sample listed companies) was 97.

498 billion yuan, with a year-on-year increase of 8.90%. The inventory turnover days were 66.

04 days, with a year-on-year increase of 1.

50 days.

The net operating cash flow of the basic chemical industry in the third quarter of 2014 was 15.

311 billion yuan, with a year-on-year increase of 208.

23%, which was at a high level.

The division of sub industries will continue, focusing on the four main investment lines.

Under the background of weak raw material prices, the sub industries with good supply dem structure are still expected to continue to strengthen.

In addition, under the policy expectations of l circulation state-owned enterprise reform, leading enterprises in related industries are expected to usher in new development opportunities.

Focus on the leading compound fertilizer pesticide formulations benefiting from the acceleration of l circulation in China.

fine chemical new material enterprises under the background of the decline of crude oil price.

the industry leading enterprises with clear business recovery trend the investment opportunities brought by the valuation switching of growth-oriented targets.


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