Five Major Dye Listed Companies Disclosed The First Half Data: Longsheng Dyestuff "Breathtaking Momentum"!

Over half of 2019, half year reports of dye related listed companies have been released. This year, the dye market has seen a more obvious shrinkage trend.

Statistics of semi annual financial indicators of listed dye companies in 12019 years

According to the 2019 semi annual financial report disclosed by the listed companies concerned in Table 1, the overall revenue situation of the dyestuff industry is not ideal in the first half of this year. In this case, the revenues and profits of the group have dropped sharply. The main reason is that the shares and subsidiaries of the group have been shut down for a long time. Their operating rate is limited and sales conditions are limited. The financial costs have been increased and the profits have been significantly affected by the shutdown. In the first half of 2019, the profits of the group were 57.20% lower than the same period last year. In addition, due to the impact of Subei accident in the first half of the year, some parts of Ru Tu share and anoit also stopped, and Jihua Group subsidiary Jiangsu Ji Hua stopped temporarily for environmental protection.

At the same time, Zhejiang Longsheng has seen a slight increase in its revenue. Meanwhile, the price of the dye market has increased substantially in the first half of the year, and its production and sales have been stable. Its net profit has increased significantly. In the first half of 2019, Zhejiang's Longsheng profit increased by 36.23% over the same period.

In the first half of the year, in the first half of the year, the market share of Zhejiang Longsheng market increased significantly. Meanwhile, in the first half of the year, the Xiangshui accident involved one of the main producers of dye intermediates, two benzene and amine, while Longsheng, Zhejiang, was the largest manufacturer of benzoic amine two. In the subsequent price rise, it ensured the stability of its production cost, thereby cutting off the higher profits in the first half of the year.

What can be fully demonstrated here is that Zhejiang Longsheng, as the NO.1 of the dyestuff industry, has the huge advantage of extending the industrial chain upward: from a single dye product to other special chemicals, and extending to the intermediate intermediates such as hydroquinone and benzo two amine through the formation of industrial chain integration, which not only guarantees the stability and discourse power of raw materials supply, but also expands the capacity of enterprises and opens up new markets. Source Shandong Changyi Zhuo salt chemical import & Export Co., Ltd.