-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
In the early days of the new crown pneumonia epidemic, the demand for masks soared, and the polypropylene meltblown special material (referred to as "meltblown material"), the core raw material of masks, was also in short supply, and the price soared
.
A few days ago, Zhejiang Zhonggu Plastic Industry Co.
, Ltd.
(referred to as "Zhonggu Plastic Industry") reported to a reporter from China Securities Journal that the company purchased 600 tons of Dawn's meltblown material for the production of meltblown cloth for masks, five times since July.
Different batches of samples of meltblown materials produced by Dawn were extracted and sent to professional testing institutions for inspection.
The "di-tert-butyl peroxide (DTBP)" in the samples exceeded the upper limit of the national standard (GB/T 30923-2014) by more than 100 times.
.
DTBP, which is accused of significantly exceeding the limit, is a "dangerous" chemical and is suspected of causing genetic defects
.
On the night of the China Securities Journal's report that "Melt-blown materials for masks are accused of more than 100 times the national standard for residues of a dangerous chemical, Dawn is sued by downstream customers", Dawn quickly responded to the report
.
Dawn Co.
, Ltd.
said that the real reason why Zhonggu Plastics asked for a return for a refund is not the quality of Dawn's raw materials, but the fact that the meltblown cloth market tends to be saturated and oversupply
.
Dawn also stated that there are no national laws and regulations prohibiting the use of DTBP, and there is currently no scientific basis for harming human health
.
Tianyancha shows that under the announcement of the opening of Zhonggu Plastic Industry, there is a contract dispute case between it and Dawn, and the opening date is November 2
.
Dawn Co.
, Ltd.
also pointed out in the announcement that when Zhonggu Plastics raised a quality objection to the company, it had exceeded the time limit stipulated in the contract.
The company and Zhonggu Plastics were in a commercial dispute, and it was unfair for the media to report unilaterally during the lawsuit
.
Dawn Co.
, Ltd.
is the main supplier of meltblown cloth, the main raw material of masks in China
.
In the first half of this year, benefiting from the booming demand in the mask market, Dawn shares pulled up 18 daily limit prices.
By March 10, the stock price had risen to a maximum of 61.
71 yuan, a cumulative increase of 500% since the low point at the beginning of the year
.
After that, the share price of Dawn shares continued to adjust, falling to a minimum of 26.
4 yuan per share on June 11, but it rebounded after that
.
As of the close on July 13, Dawn shares reported 39.
11 yuan per share, an increase of 2.
7 times during the year, and the latest total market value was 15.
9 billion yuan
.
After mid-July, the stock price of Dawn shares began to fluctuate and fell, and as of November 26, it reported 23.
49 yuan per share after the limit fell
.
Dawn's third quarterly report for 2020 shows that the company's operating income in the first three quarters was 3.
307 billion yuan, an increase of 65.
88% over the same period last year; the net profit attributable to shareholders of listed companies was 780 million yuan, an increase of 514.
52% over the same period last year
.
Among them, the operating income in the third quarter was 1.
032 billion yuan, a year-on-year increase of 48.
53%, and the attributable net profit was 195 million yuan, a year-on-year increase of 306.
05%
.
In the first three quarters, the company's weighted average return on net assets was 53.
94%, an increase of 41.
21 percentage points over the same period of the previous year; the basic earnings per share was 1.
93 yuan, an increase of 522.
58% over the same period of the previous year
.
After the China Securities Journal published the report on November 26, Dawn’s share price fell by the limit
.
It also fell sharply at the opening today.
As of 3 pm, it fell 2.
98% to 22.
79 yuan
.
