You won’t know if you don’t look at it, but you will be shocked when you look at it. The third quarterly report of the dye industry has been disclosed. The performance of many dye companies has collectively plummeted. For example, Zhejiang Jihua Group, which ranks among the top three in the country in terms of production scale of dyes and related intermediates, saw its net profit attributable to its parent company drop by 84.75% year-on-year. This drop is a bit heart-pounding.
Dye companies’ performance collectively plummeted
The oldest dye company, Zhejiang Haixiang Pharmaceutical, also experienced a larger decline. The net profit attributable to the parent company dropped by 83.23% year-on-year. As a leading enterprise, Zhejiang Longsheng Group’s sales fell by 45.91% year-on-year, and Annoqi’s sales dropped by 27.95%. Like this, the collective plunge of the entire dye industry is still a bit unexpected.
Printing and dyeing factories above designated size grew year-on-year in the first three quarters
Why do you say that? According to data from the National Bureau of Statistics, from January to September, the printing and dyeing output value of enterprises above designated size in my country’s printing and dyeing industry increased year-on-year and was higher than the average growth rate of the previous two years, indicating that industry production has recovered and exceeded pre-epidemic levels.
But at present, the statistics of so many printing and dyeing enterprises are still somewhat different from reality. Entering the third quarter, the peak season for printing and dyeing factories has been significantly shortened, and business is not as good as expected. Including dual control policies, power rationing and production shutdowns, and rising prices of various raw materials, the production capacity of the entire printing and dyeing industry has been weakened.
Dispersed black prices dropped significantly, resulting in a significant drop in net profit
In this case, the original actively promoted dye prices, manufacturers’ quotations and the actual transaction prices deviate more and more. Especially dispersed black, from 42 per kilogram. By October, it had dropped to just over 20 yuan. Prices continue to fall and shipments continue to decrease. Dye companies had to face a significant reduction in net profits.
Looking to the future, industry insiders pointed out that in addition to keeping pace with the market, dye companies must also have a normal mind. In a complex and ever-changing market environment, dye companies must remain rational, adjust marketing strategies in a timely manner according to changes in market rhythm, transform business models, prevent market risks, and achieve profitability.
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Printing and dyeing factories above designated size grew year-on-year in the first three quarters
Why do you say that? According to data from the National Bureau of Statistics, from January to September, the printing and dyeing output value of enterprises above designated size in my country’s printing and dyeing industry increased year-on-year and was higher than the average growth rate of the previous two years, indicating that industry production has recovered and exceeded pre-epidemic levels.
But at present, the statistics of so many printing and dyeing enterprises are still somewhat different from reality. Entering the third quarter, the peak season for printing and dyeing factories has been significantly shortened, and business is not as good as expected. Including dual control policies, power rationing and production shutdowns, and rising prices of various raw materials, the production capacity of the entire printing and dyeing industry has been weakened.
Dispersed black prices dropped significantly, resulting in a significant drop in net profit
In this case, the original actively promoted dye prices, manufacturers’ quotations and the actual transaction prices deviate more and more. Especially dispersed black, from 42 per kilogram. By October, it had dropped to just over 20 yuan. Prices continue to fall and shipments continue to decrease. Dye companies had to face a significant reduction in net profits.
Looking to the future, industry insiders pointed out that in addition to keeping pace with the market, dye companies must also have a normal mind. In a complex and ever-changing market environment, dye companies must remain rational, adjust marketing strategies in a timely manner according to changes in market rhythm, transform business models, prevent market risks, and achieve profitability.
normal” >
Why do you say that? According to data from the National Bureau of Statistics, from January to September, the printing and dyeing output value of enterprises above designated size in my country’s printing and dyeing industry increased year-on-year and was higher than the average growth rate of the previous two years, indicating that industry production has recovered and exceeded pre-epidemic levels.
But at present, the statistics of so many printing and dyeing enterprises are still somewhat different from reality. Entering the third quarter, the peak season for printing and dyeing factories has been significantly shortened, and business is not as good as expected. Including dual control policies, power rationing and production shutdowns, and rising prices of various raw materials, the production capacity of the entire printing and dyeing industry has been weakened.
Dispersed black prices dropped significantly, resulting in a significant drop in net profit
In this case, the original actively promoted dye prices, manufacturers’ quotations and the actual transaction prices deviate more and more. Especially dispersed black, from 42 per kilogram. By October, it had dropped to just over 20 yuan. Prices continue to fall and shipments continue to decrease. Dye companies had to face a significant reduction in net profits.
Looking to the future, industry insiders pointed out that in addition to keeping pace with the market, dye companies must also have a normal mind. In a complex and ever-changing market environment, dye companies must remain rational, adjust marketing strategies in a timely manner according to changes in market rhythm, transform business models, prevent market risks, and achieve profitability.
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