On August 19, Zhejiang Longsheng released its 2022 semi-annual report:
Operating income in the first half of 2022 was 9.075 billion yuan, a year-on-year increase of 7.87%; net profit attributable to shareholders of listed companies was 1.425 billion yuan, a year-on-year decrease of 43.56%.
1. Summary of semi-annual report:
According to Zhejiang Longsheng’s semi-annual report:
Zhejiang Longsheng Global has an annual production capacity of 300,000 tons of dyes and an annual production capacity of approximately 100,000 tons of auxiliaries. It ranks first in the global market and has an annual production capacity of 114,500 tons of intermediates.
In the first half of the year, Zhejiang Longsheng achieved operating income of 9.0746958 million yuan, a year-on-year increase of 7.87%, operating profit of 1.9228301 million yuan, a year-on-year decrease of 38.60%; net profit attributable to shareholders of listed companies was 1.4247468 million yuan, a year-on-year decrease of 43.56%; The net profit after deducting non-recurring gains and losses was 1,158.9101 million yuan, a year-on-year decrease of 16.23%.
In terms of manufacturing, dyes and intermediates business remains the main source of profits. In the first half of 2022, Longsheng’s global dye sales volume was 124,300 tons, and its intermediate sales volume was 42,500 tons.
2. Main operating data:
The chart shows: In the first half of 2022, the prices of DyStar reactive, disperse, and indigo dyes have increased to varying degrees; while the prices of conventional disperse and reactive dyes have been on a downward trend.
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