The price of benefited products soared. The performance of the semi-annual report of the two alkali listed companies was brilliant. Shandong Haihua disclosed the mid-year report today. It achieved total operating revenue of 3.952 billion yuan and net profit of 203 million yuan, which was an increase of 21% and 915% compared with the same period of last year. According to the report, the gross profit margin of Shandong Haihua Soda Ash increased by 8.33 percentage points to 18.08%, and the gross margin of polyvinyl chloride and caustic soda increased by 6.56 percentage points to 9.49%. To obtain perfect joins, inside of the solder ring copper fitting and the outside of the copper pipe are cleaned using coarse steel wool, flux paste is applied, the pipe is then inserted into the fitting and heat applied from a portable propane torch until a ring of solder shows at the edges of the fitting. Sizes we have available are from 8mm to 54mm For EN1254-1 and 1/2" to 2" for ASME B16.22 ,solder ring Copper Fittings,presolder copper fittings,yorkshire copper fittings,pegler copper fittings,connex copper fittings solder ring copper fittings,presolder copper fittings,yorkshire copper fittings,pegler copper fittings,connex copper fittings Taizhou Runde Company , https://www.smartfittings.com
In the first half of this year, the caustic soda market was always on the rise, and the soda ash market entered a fast upward path after experiencing a decline in the first quarter. Since the second quarter of the year, with the advent of peak periods in electricity consumption, most domestic soda ash manufacturers have stopped production and overhauled their products. Soda ash prices have risen strongly and the market supply has been further tightened. Prices have soared from 1600 yuan/ton to around 2,000 yuan/ton.
Thanks to rising product prices, many listed companies in the industry performed well. Sanyou Chemical's net profit in the first half of the year increased by 252%, of which the operating profit rate of caustic soda reached 43%, an increase of 29% compared to the same period last year, and the operating profit margin of soda ash reached 27%, an increase of 12% over the same period of last year. In addition, Shuanghuan Technology’s net profit for the first half of the year increased by 578% year-on-year. Qingdao Alkali Industry expects to turn a profit, and Chlor-Alkali Chemical expects its net profit for the first half of the year to increase by 180%.
The reporter noted that although the two alkali industries performed well in the first half of the year, they also faced operating pressures such as overcapacity. Most of the two alkali listed companies are obsessed with predicting their third quarter earnings. Shandong Haihua said in its mid-year report that in the first half of the year, the company’s production and management have all improved significantly, and its operating performance has grown substantially. Although the economic environment as a whole has improved, the country has successively introduced a series of macros. Regulatory policies have led to a weak demand for downstream products in some of the company's products. In addition, the overcapacity in the same industry has intensified competition, resulting in a reduction in the company’s production load and a relatively large fluctuation in the market price of products.