Binhua Group's semi-annual report announced: epoxy chloropropane production of 21,000 tons of sales revenue of only 195 million!

Recently, Binhua Shares released its 2020 half-yearly report, achieving total operating income of 2.72 billion yuan, down 11.9% YoY, and net profit attributable to shareholders of listed companies of 17.42 million yuan, down 93.03% YoY.
decrease of 91.27% from January to June 2020 compared with the same period last year, mainly due to the large decrease in the prices of the company's main products, such as soda, epoxy propane and epoxy chloropropane, as a result of the outbreak.
Reasons for the change in operating income explained:
in the first half of 2020, affected by the outbreak of new crown pneumonia, the domestic and foreign economic situation continued to be depressed, the company's upstream and downstream enterprises are greatly affected, some enterprises are under-employed, the company's main product production and sales fell compared to the same period last year, while the price of major products compared to last year There has also been a significant decline, with epoxy propane prices down 9.59% YoY and alkali-burning prices down 21.50% YoY, while some of the main raw material prices have fallen by a relatively small margin, cost pressure has increased, and product gross margin has been greatly affected .
, epoxy chloropropane plant began production and sales in July 2019, and in the first half of 2020, epoxy chloropropane production was 21,000 tons, with a sales value of 195 million yuan.
A major product production, sales volume and revenue realization
accounting down, Binhua Group in the first half of 2020 epoxy chloropropane sales price is only 9034.26 yuan / ton, and according to ACMI statistics, last year, China's average sales price of epoxy chloropropane market reached 13295 yuan / ton, as of August 20, this year, the average price of ethylene chloropropane fell by about 32.04% compared to last year.
2019-2020, the price trend chart of epoxy propane in East China
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