The petrochemical industry accelerates the recovery of the major petrochemical companies in the third quarterly report

my country’s major petrochemical companies have recently announced their third quarter performance forecasts.

Xinjiang Tianye stated that due to the impact of the epidemic, from January to September 2020, the company realized operating income of 6,79,903,100 yuan, an increase of 84.
40% from the same period of the previous year, an increase of 84.
40% from the same period of last year, and a decrease of 1.
00% from the adjusted period of 6,141,142,900 yuan in the same period of the previous year; Realized a total profit of RMB 571,387,400, an increase of 431.
54% from RMB 107,497,700 in the same period of the previous year, and a decrease of 3.
73% from the adjusted period of RMB 59,353,520 in the same period of the previous year; Realized a net profit of RMB 466,134,700 attributable to the owners of the parent company, compared with the same period of the previous year 55,474,100 yuan increased by 74027%, an increase of 0.
90% compared with the adjusted 461,998,700 yuan in the same period of the previous year.
The foreign trade exported 111,700 tons of polyvinyl chloride resin and 162,600 tons of caustic soda, achieving a total foreign trade import and export value of 159,659,800 US dollars, a decrease of 10.
08% compared with the same period last year of 177,551,000 US dollars.

Yaben Chemical (300261): Net profit is expected to double

Yaben Chemical released its first three-quarter performance forecast, stating that the company expects that the net profit attributable to shareholders of listed companies in the first three quarters will increase by 137.
54%~157.
33% over the same period of the previous year, and it is expected to achieve a profit of 120 million to 130 million yuan.
Among them, the net profit attributable to shareholders of listed companies in the third quarter is expected to fall by 9.
8% to 32.
69% over the same period of the previous year, and it is expected to achieve a profit of 29.
4 million to 39.
4 million yuan.

　　During the reporting period, the company's pesticide intermediate product sales revenue continued to maintain rapid growth; the sales volume of pharmaceutical intermediate products increased steadily, and the order increase was good; the performance of some products in the cooperative production base was gradually released.

　　Affected by the fluctuation of the exchange rate between USD and RMB, the company incurred exchange losses of 15 million to 17 million during the reporting period.
In this regard, the company will actively use foreign exchange derivative financial instruments to reduce exchange rate risks, strengthen the management of accounts receivable from overseas customers, and reduce the adverse impact of exchange gains and losses.

Transfer from: China Industry News Network