Under The Heavy Pressure Of The Epidemic Situation, The Performance Of The Collective "Floating Green", The Dye Industry May Accelerate The Reshuffle

Recently, dye listed companies in the first three quarters of the performance reports have been released. From the published reports, affected by the epidemic situation, the operating income and net profit of most listed companies decreased significantly in the first three quarters.

Recently, the reporter of China Textile News interviewed many enterprises on the spot of the 20th China International dye industry, organic pigment and Textile Chemicals Exhibition, and learned about the business situation and future market forecast of the enterprises since this year.

Impact of epidemic situation

General decline in corporate performance

In recent years, the development of dyestuff enterprises is not smooth. This year, the spread of the epidemic has made the industry under heavy pressure even worse.

Judging from the data of the previous three quarters' financial reports, Zhejiang Longsheng still continues its leading position in 2019, ranking first with operating revenue of 11.295 billion yuan and net profit of 3.16 billion yuan. However, compared with the same period last year, the company's operating income and net profit decreased by 32.05% and 18.61% respectively. Runtu, the second largest company in the industry, achieved revenue of 3.654 billion yuan in the first three quarters, a year-on-year decrease of 28.46%, and a net profit of 556 million yuan, a year-on-year decrease of 48.33%. Among them, the net profit in the third quarter was 181 million yuan, down 27.44% from the same period last year. According to the financial report of Jihua Group, from January to September, its revenue was 1.306 billion yuan, a year-on-year decrease of 36.42%; net profit decreased by more than 60%, a year-on-year decrease of 64.89%, to 144 million yuan.

At the exhibition, the reporter also interviewed the booth leaders of several enterprises on the business situation. Several responsible persons told reporters that since this year, the impact of the epidemic has become the primary factor restricting the development of the industry, and the epidemic has a profound impact on the supply and demand of the dye industry. Although the domestic epidemic situation has been effectively curbed, it is still unknown when the global epidemic will peak. Enterprises have not yet seen the turning point of foreign epidemic control and economic recovery.

"Affected by the epidemic situation this year, the price of dyes has always been low, and the sales situation in foreign markets is not ideal. But the number of orders in the domestic market is more than in previous years. We hope that through the increase of domestic orders, we will strive to achieve the same sales volume as last year. " Tona chemical related person in charge said.

The person in charge of destar group said frankly that the company is facing the most difficult situation this year. "In the first quarter, the company's operation was not affected much, but the performance in the second quarter declined more obviously. Although the company's operation has improved since the third quarter, there is still a certain gap in sales compared with previous years. "

The booth manager of Zhejiang Longsheng Group Co., Ltd. did not evade the problem of performance decline. "Although the overall profit of the company has decreased this year, the market is recovering and the downstream demand is picking up. We are full of confidence in the future market," he said frankly

Differential development

Enhance the core competitiveness of enterprises

In an interview with the reporter, a number of enterprise leaders mentioned the company's core competitiveness when talking about the business situation. Enterprises generally believe that after the epidemic, the dyestuff industry will accelerate the reshuffle. Whether the dye industry has its own core products and technologies will not only determine the level of enterprise profits, but also the key to their further improvement.

Taking Zhejiang Longsheng as an example, the reporter learned that the company's competitiveness is mainly reflected in its industrial chain integration advantages and leading environmental protection technology and other factors. Zhejiang Longsheng takes the integration of industrial chain as the core to expand the production of related intermediates such as resorcinol and p-phenylenediamine to expand production capacity and market share. At the same time, the company also develops aromatic amine intermediates such as reducers, integrates and extends the upstream of dye supply chain, and strengthens the control position of strategic intermediate raw materials. In terms of environmental protection, Zhejiang Longsheng launched the project of saving water and reducing cost of disperse dyes last year, which effectively improved the market core competitiveness of disperse dyes business. The development of a series of key technologies for high salt and high COD wastewater treatment and the development of new green and clean technologies for dye supporting intermediate project not only relieves the worries of environmental protection of enterprises, but also greatly reduces the production cost.

There is no doubt that dyestuff enterprises are on the way of green and sustainable development. A few days ago, seven leading chemical companies including Tona chemical announced the joint launch of the textile industry sustainable Chemicals Industry Alliance (SCTI). This new alliance is committed to cooperation, innovation and change, aiming to lead the textile and leather industry to a more sustainable future. "The company will continue to follow the concept of energy conservation and environmental protection, and provide more diversified and differentiated products," said the company's relevant person in charge

"With the environmental protection of textiles and textile production being paid more attention to, non poisonous and pollution-free" green fabrics "have become the mainstream of production and consumption, which coincides with the company's positioning. We are optimistic about the future market prospects, and will continue to increase product research and development and investment in the Chinese market. " The relevant person in charge of destar group said.

In addition, to make the products characteristic and functional has become the main direction of dye enterprises. "Under the epidemic situation, China's dye industry is facing challenges and opportunities. Enterprises should adhere to the development theme of innovation and research and development." At the booth of German CHT group, the company's responsible person showed reporters a mask produced by heiQ viroblock technology. It is understood that the textiles treated by heiQ viroblock can effectively inhibit viruses and bacteria after contact, and the textiles treated with this technology do not contain live viruses and bacteria, which can minimize the possibility of pathogens spreading through textiles.

Prudent management

The future market is expected to recover gradually

For the next industry trend, some industry experts predict that the production of dye industry will remain at the current level without a significant increase in the total international demand, but the performance will be different in different countries and regions. The specific performance is as follows: the output of the areas with mature industry development will decline slightly and continue to develop to high-end products; the output of areas with high-speed industrial development will continue to maintain the growth trend.

It is worth noting that the export situation of eight categories of printing and dyeing products in China has improved in the near future, which may bring some support to the dye market. According to the statistics of China's customs, from January to July, the total import and export volume of eight categories of printing and dyeing products was 12.193 billion US dollars, a year-on-year decrease of 27.24%; the trade surplus was 10.864 billion US dollars, a year-on-year decrease of 26.32%. In terms of month on month comparison, during the period, the decline of export volume and export value of 8 categories of printing and dyeing products narrowed by 2.15 and 2.10 percentage points respectively, which has been two consecutive months of decline in export decline, indicating that China's foreign trade market demand for printing and dyeing fabrics is gradually warming up.

In addition, under the epidemic situation, China has issued policies to promote economic development, such as reducing restrictions on the industry, reducing enterprise taxes and fees, and encouraging the expansion of the export market, so as to promote the release of domestic demand; In foreign countries, especially in India, where the output is gradually increasing, the dye production capacity has been greatly affected by the epidemic situation, and the production capacity supply has been continuously tightened, which is a good short-term factor for Chinese dye enterprises.

"While actively seeking market opportunities, dyestuff enterprises should cautiously maintain low-speed operation and smoothly ride through this difficult period." Kang Baoxiang, Secretary General of China Dyestuff Industry Association, suggested that enterprises should pay more attention to the policies issued by the government and make full use of them. In terms of production, dyestuff enterprises should do a good job in technical transformation and training during the period of production suspension. Enterprises with conditions should properly reserve raw materials and products, pay attention to the operation status of customers, prevent risks and pay attention to the safety of funds.