In August 2023, a number of chemical companies released their financial reports for the first half of the year, showing their performance under changes in the economic environment.
Jinneng Technology: Revenue declines, serious losses
A report released by Jinneng Technology Co., Ltd. shows that from January to June 2023, its operating income was 7.215 billion yuan, a year-on-year decrease of 18.25%. What's more serious is that the company's net loss was as high as 61.0096 million yuan, which was in sharp contrast to the profit of 174 million yuan in the same period last year. The main business areas include fine chemicals, coal chemicals and petrochemicals, of which carbon black accounts for 30.71% of total revenue. During the reporting period, carbon black business revenue was 2.216 billion yuan, a year-on-year decrease of 5.55%, and the gross profit margin dropped to -0.96%.
Lonstar Chemical: Revenue fell slightly, profits decreased
Lonstar Chemical Co., Ltd. also showed certain changes in its performance report for the first half of 2023. Operating income was 2.156 billion yuan, a slight decrease of 2% year-on-year, and net profit was 56.6853 million yuan, a decrease of 4.08%. The company's main business covers carbon black, silica and power and steam, of which the carbon black business accounts for 94.38% of revenue. During the reporting period, the revenue of the carbon black business was 2.035 billion yuan, a year-on-year increase of 3.29%. However, the gross profit margin fell to 7.06%.
Yongdong Chemical: Revenue growth, but losses
The first half annual report released by Shanxi Yongdong Chemical Co., Ltd. shows that the company achieved operating income of 2.192 billion yuan, a year-on-year increase of 9.15%; however, the net profit was a loss of 4.3319 million yuan, which was a decrease from the profit in the same period last year. sharp contrast. Mainly engaged in carbon black and tar processing products, the revenue from the carbon black business accounts for 64.63% of the total revenue. During the reporting period, the revenue of the carbon black business was 1.417 billion yuan, a year-on-year increase of 3.60%, and the gross profit margin fell to 2.80%.
Lianke Technology: revenue growth, profit decline
The semi-annual report released by Shandong Lianke Technology Co., Ltd. showed certain changes. Operating income was 937 million yuan, a year-on-year increase of 11.14%; however, net profit decreased by 9.17%. The company mainly operates carbon black, silica and sodium silicate, with revenue from the carbon black business accounting for 59.28% of total revenue. During the reporting period, the revenue of the carbon black business was 556 million yuan, a year-on-year increase of 9.51%. However, the gross profit margin fell to 6.86%.
Otomo Canon: Revenue growth, profit decline
Jiayuguan Dayou Jianeng Refined Carbon Technology Co., Ltd. also showed certain changes in its 2023 semi-annual report. The operating income was 204 million yuan, a year-on-year increase of 9.8%; however, the net profit decreased by 67.32%, and the gross profit margin was 6.78%, a year-on-year decrease of 4.24 percentage points. The company pointed out that upstream raw oil prices fluctuated frequently and costs continued to be high, resulting in meager profits from carbon black.
These financial reports reflect the challenges faced by various companies in the complex and ever-changing market environment, and also highlight their business strategies and strength performance in different business sectors.