In the third quarter, the price of resin products fell, and the subsidiary company withdrew from Soundwater and was awarded 100 million yuan.
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Last Update: 2020-10-27
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Source: Internet
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Author: User
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On the evening of the 22nd, Yan Chengxin material released its first three quarters 2020 earnings report: From January to September, the company achieved operating income of 1.5 billion yuan, a decrease of 8.44% YoY, and a net profit of 329 million yuan, a slight increase of 0.29% YoY.
The main business segments of new materials for the research and development of new materials, production, sales and related trade business, the first three quarters of 2020 operating income decline, the main reason is that the company produced resin and other products prices fell significantly.
Subsidiary's exit from Jiangsu Zhongshui Chemical Park received nearly 100 million yuan
On July 14, 2020, the company held a meeting of directors to consider and approve the motion on the holding subsidiary's proposed signing of the and the follow-up disposal plan," the company's holding subsidiary, Cheng Fine Chemical (Jiangsu) Co., Ltd., according to Jiangsu Province's Soundwater Eco-Chemical Park Enterprise Exit compensation policy and other relevant documents require that, after evaluating the actual situation of the plant, it is proposed to do the disposal of the exit park, and to sign the "Ringshui Eco-Chemical Park Enterprise Exit Compensation Agreement" with the Management Committee of the Soundwater Eco-Chemical Park, under the conditions of meeting the relevant provisions of the agreement, cheng refining is expected to receive compensation of 93,118,662 yuanAccording to the preliminary estimate of the company's finance department, the exit disposal is expected to have no more than -78 million yuan in net profit for the current year.
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