The business climate is down, and the growth opportunities are certain.
Release time:
12 Oct,2019
Revenue and net profit of the chemical industry increased significantly year-on-year. In the first three quarters of 2021, the chemical (Shenwan) industry achieved operating income of 4184.94 billion yuan, up 36.4 percent year-on-year, and achieved a net profit of 280.71 billion yuan, up 147.9 percent year-on-year, a record high.
Revenue and net profit of the chemical industry increased significantly year-on-year. In the first three quarters of 2021, the chemical (Shenwan) industry achieved operating income of 4184.94 billion yuan, up 36.4 percent year-on-year, and achieved a net profit of 280.71 billion yuan, up 147.9 percent year-on-year, a record high. The industry gross margin was 20.9 per cent, up 2.05 percentage points year-on-year, and the net margin was 7.5 per cent, up 3.32 percentage points year-on-year. In the first three quarters of the chemical industry, operating income and industry profitability increased significantly, the net profit attributable to the parent company was the highest in the industry in the past ten years, and the overall gross profit margin and net profit margin of the industry increased significantly. In terms of expense ratio, according to wind consulting data, in the first three quarters of 2021, the four-fee ratio of the chemical industry totaled 7.35, down 1.56 percentage points from the same period last year, of which the management expense ratio rose 0.40 percentage points to 2.91, the sales expense ratio fell 0.35 percentage points to 2.30, the financial expense ratio fell 0.06 percentage points to 0.87, and the research and development expense ratio rose 0.41 percentage points to 1.28.
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Polyester Staple Fiber New Project Favored
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Recently, a number of polyester filament companies disclosed their 2021 performance forecasts. Among them, Tongkun shares (601233.SH) are expected to make a profit of 7.2 billion yuan to 8 billion yuan, an increase of up to about 5.153 billion yuan year-on-year. Xinfengming (603225.SH) expects net profit of about 2.15 billion yuan to 2.35 billion yuan, up 256.52 to 289.69 percent year-on-year.
Hebei Junye Fiber Co., Ltd.
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