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On October 25, Shengquan Group announced its third quarter 2021 performance announcement: July-September achieved revenue of 2.
28 billion yuan, a year-on-year decrease of 6.
1%, and realized a net profit of 150 million yuan, a year-on-year decrease of 38.
9%
.
From January to September, revenue was 6.
36 billion yuan, the same year-on-year, and net profit was 530 million yuan, a year-on-year decrease of 20%
Although slightly down, but overall, the Group's performance remains strong Quan paint online coatingol.
com
.
The decline in operating income was mainly due to the gradual improvement of the domestic and foreign epidemic situation and the sharp shrinkage of the sanitary protection product market: From January to September 2020, Shengquan Group’s sanitary protection product business achieved sales revenue of more than 2 billion yuan, which was only 230 million yuan in the same period this year, a decrease of 89 %
.
For example, deducting the health protection products business segment, from January to September 2021, Shengquan Group's other main businesses achieved sales revenue of 6.
03 billion yuan, an increase of 43.
In the high-performance resin business segment: From January to September, Shengquan Group's phenolic resin production and sales volume exceeded 320,000 tons, furan resin was approximately 80,000 tons, and epoxy resin was approximately 14,000 tons
.
Figure 1.
2 The production and sales volume of Shengquan Group's main products from January to September in 021
Since the beginning of this year, the chemical industry has generally risen.
The prices of Shengquan Group’s main raw materials, such as phenol, methanol, formaldehyde, sugar aldehyde, and polymeric MDI, have risen sharply, ranging from 30% to 58%.
Figure 2.
