20 Sichuan listed companies forecast the concentration area of chemical industry
On June 26, ST Integration (18.140, -0.07, -0.38%) disclosed the company's mid-2009 earnings forecast, which is expected to turn losses into profits because of restructuring earnings. This is another Sichuan listed company that issued mid-year "report card" forecast since Furong Technology (26.230, -0.45, -1.69%) issued its first half earnings forecast in May. From the 20 Sichuan companies that have predicted their mid-term performance, the * ST integration, which is expected to turn losses into profits in the first half of the year, deserves our attention. From January to June of this year, * ST Integration is expected to achieve net profit of 450 million yuan to 650 million yuan attributable to shareholders of listed companies, a loss of 53.422 million yuan compared with the same period last year, an increase of 942.31% to 1316.68%. The company said that its assets restructuring was approved by the board of directors and the provisional shareholders'meeting in the second quarter of this year. According to the restructuring plan, the company will get the profit of restructuring after the LiDian Luoyang and LiDian technology are no longer included in the consolidated statements. The restructuring earnings were realized in June 2019, turning the net profits attributable to shareholders of listed companies into profits in the first half of the year.
Berry Gene (35.400,-0.30,-0.84%) said that with the introduction of the policy of gene testing industry and the increase of the overall market demand, the company's performance growth was driven by its first-mover advantage, scale advantage and brand competitiveness in the gene testing industry. At the same time, the impact of non-recurrent gains and losses on net profit was the sum of money. 95.858 million yuan (not audited). The company expects to achieve net profit attributable to its shareholders in the first half of the year from 235 million yuan to 270 million yuan, an increase of 61.1% to 85.1% over the same period last year. The Furong Science and Technology Disclosure Information, which was launched on May 23 this year, shows that its business income and net profit will continue to increase in the first half of the year due to the increasing number of orders for aluminum structural parts materials for consumer electronics products and the increasing proportion of its round ingot production. From January to June, the company expects to achieve 582 million yuan in business income, an increase of 26.66% over the previous year, and a net profit of 117 million yuan, an increase of 59.98% over the previous year. In addition, Chengdu Road and Bridge (5.240, 0.02, 0.38%), Fulin Transport Industry (6.940, 0.03, 0.43%), Yuntu Holdings (4.760, 0.00, 0.00%), Shangwei Shares (9.630, -0.15, -1.53%) and Borui Communications (3.930, 0.00, 0.00%) are also expected to achieve varying degrees of performance growth in the first half of the year.
Specifically, Lier Chemistry (13.250, -0.04, -0.30%) is expected to achieve net returned profits of 130 million yuan to 209 million yuan in the first half of the year, a 20% to 50% reduction compared with the same period of last year; Sichuan Meifeng (51 Lutianhua (5.610, 0.04, 0.72%) fell into a long suspension period of nearly a year earlier due to bankruptcy reorganization. After reopening at the end of 2018, it turned into a profit in that year. However, its performance turned downward again in the first half of 2019. According to the company's forecast, the net profit in the first half of the year was profit. Between 40 million yuan and 60 million yuan, a decrease of 31.32% to 54.21% over the same period of last year.
For the reasons of the decline of Zhongdao's performance, the above-mentioned companies mentioned in their performance forecast that the price of related chemical products The Guangfa Securities Research Institute (13.840, 0.22, 1.62%) pointed out that in the first half of 2019, the downward pressure of the global economy increased, the prosperity of the chemical industry entered a downturn period, and the profitability of the sector contracted. According to the price estimation of various chemical products provided by Baichuan Information, most of the current prices of various sub-industries have fallen below the historical average price range of nearly 8 years, only the price of vitamin industry is higher than the historical average. Except for the two alkali and fluorine chemical industry, the price difference of all kinds of chemical industry has dropped below the historical average price difference level.
"We believe that with the marginal slowdown of supply-side restructuring and environmental safety supervision, as well as the slowdown of macroeconomic growth and the intensification of trade frictions, the demand and price of chemical products are not optimistic." Xinda Securities analyst Zhang Yansheng said. At the same time, some analysts believe that the price of some chemical products has continued to fall due to weak demand. If demand warms up in the future, there will be huge room for price upward.
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