If it is 'applause', then 'my heart more understand'; but if 'up' sound, then some companies are happy, some companies will 'heart plug'.
December 2, Titanium dioxide The giant dragon Python (002601, SZ) once again announced price increases, this is the Dragon python bill the 9th price adjustment since this year.An increase in the price of titanium dioxide, the dragon python performance and shares soar.
However, several happy few worry, titanium dioxide downstream paint business is due Raw materials Continued price increases lead to a drop in profits.
Titanium dioxide enterprises 'pours'
According to the announcement of the Dragon Python release December 2, the price hike, on the one hand, is due to reduced production of the Company's products due to limited environmental protection and rapid decline in inventories. On the other hand, major raw materials such as sulfur and natural gas, energy prices Rapid rise, resulting in a substantial increase in product costs.
Prior to this, the dragon python Burley Jiaozuo, Deyang two production bases were encountered limited production and discontinued maintenance.Among them, Jiaozuo sulfuric acid production line of titanium dioxide production limit of 30%, the time for the November 15, 2017 to March 15, 2018 ; Deyang base will suspend production for 10 days in mid to late 2017. The above limit and stop production will reduce the company's output of titanium dioxide by 35,000 tons to 39,000 tons.
The reduction of 35,000 tons to 39,000 tons of production, relative to the current production capacity of 600,000 tons of Long Python Burberry, not too much, but also distributed in mid-November 2017 to mid-March 2018 4 Month. 'The limit, cut-off, the impact of production in 2017 is about 20,000 tons, accounting for one-thirtieth.' Previously, the relevant parties Long Bo Li, also the "Daily Economic News" correspondent so Said.
This year, the Dragon python has released nine times the total price adjustment announcement.Among them, the price of sulfuric acid method of titanium dioxide cumulative increase of 4900 yuan / ton for domestic customers, chlorination of titanium dioxide cumulative increase of domestic customers 4,200 yuan / ton.Currently , Long Python Gabriel sulfuric acid method of titanium dioxide quoted at 18,500 yuan / ton, chloride titanium dioxide price at 20,000 yuan a ton.
With the soaring price of titanium dioxide, Dragon python, nuclear titanium dioxide, such as the performance of listed companies soar.According to the three quarterly Long python show, the company revenue in the first three quarters increased 271.71%, net profit increased 1507.54% Its net profit attributable to the company in 2017 is expected to reach 2.43 billion yuan to 2.65 billion yuan, an increase of 450% to 500% over the same period of last year. Revenue of CNNC Titanium Dioxide in the first three quarters increased by 71.67% and net profit soared 558.44% over the same period last year.
Downstream paint business profits dropped
Titanium dioxide prices, 'fat' titanium dioxide production enterprises, leaving some of the days of titanium dioxide downstream enterprises sad.
Titanium dioxide is considered as one of the best white pigments in the world and is widely used in coatings, plastic , Papermaking, printing inks, etc. Among them, the paint is the largest application of titanium dioxide industry, all kinds of paint titanium dioxide content of 10% to 35%.
December 5, Kinlitai (300225, SZ) stakeholders told the "Daily Economic News" reporter, 'As one of the company's important raw materials for production, the rising titanium dioxide has a significant impact on the company in the first three quarters of this year, the company gross margin A decline from the same period of last year. "Jinli Thai's gross profit margin in the first three quarters of this year was 25.92%, compared with 31.06% in the same period of previous year, down 5.14 percentage points from the same period of last year.
'It is precisely because of the decline in gross margins, resulting in revenue growth in the first three quarters of this year, but net profit fell by 26.55%.' Kim Tae-Thai added.
On Dec. 5, in response to an interview with the Daily Economic News reporter, the gross profit margin declined not only by Jinli Tai, but also by three trees (603737, SH). According to an interview with a reporter from the Daily Economic News, the gross profit margin was up by the price of major raw materials such as titanium dioxide The operating costs of Sok Trees increased to a certain extent, resulting in a decrease of 5.43 percentage points in the gross profit margin of the Company in the first three quarters.
According to the statistics provided by Sanku, the average purchase price of Sankeshu for the raw material titanium dioxide was RMB14.30 / kg in the first three quarters of this year, up by 33.29% over the same period of last year.
The pressure on rising costs, Sanku also said that according to the upstream raw material prices do not rule out changes in the range, by appropriately increasing the pressure on product sales price transfer costs.At the same time, said it would be reasonable to increase prices trend of raw materials inventory The amount of the introduction of competition from suppliers to reduce the company's procurement costs of raw materials; lean management, cost reduction, control fees and other ways to resolve the pressure of rising costs.
It is noteworthy that the three trees reported three quarters, the company revenue growth of 40.68% in the first three quarters, after deducting non-net profit rose 141.83%. In the case of rising costs, the company's performance so strong, what is the reason? Tree said that on the one hand the company in the first quarter of product price increases, dealers ahead of stock orders led to advance; the other hand, strictly control costs and strengthen management, so that during the expense ratio decreased.