Dye prices have skyrocketed to an unprecedented level

       In the textile industry, few products have seen such a surge in price as dyes due to increasingly stringent environmental protection policies.

　　Recently, industry insiders said that disperse dyes have increased in price by 4,000 yuan/ton to 44,000 yuan/ton; on April 27, reactive dyes increased in price by 5,000 yuan/ton to 50,000 yuan/ton. It has been only 20 days since the last disperse dye price increase, and less than 30 days since the last reactive dye price increase, and the price increase is the largest in several years. In addition, acid dyes and reactive dyes have increased in price by 6,000 yuan/ton simultaneously.

　　"The customer is God," however, because of the skyrocketing prices of dyes, this God in the printing and dyeing enterprises is now "crying."

　　Dye enterprise

　　Share performance carnival

　　Zhejiang Longsheng released its first quarterly report on the evening of April 27. The company's operating income reached 4.129 billion yuan, an increase of 11.72% year-on-year. The net profit after deducting non-recurring gains and losses was as high as 687 million yuan, an increase of 230.47% year-on-year. The basic earnings per share was 0.4609 yuan. After this huge increase in performance, the current rolling price-earnings ratio corresponding to the stock price has quickly fallen from 19 times in the 2013 annual report to less than 10 times. Zhejiang Longsheng's current market value is 25.79 billion yuan.

　　Runtu Co., Ltd. announced its 2013 annual report on April 28. In 2013, the company achieved sales revenue of 4.801 billion yuan, a year-on-year increase of 35.36%, and realized a net profit attributable to the parent company's owners of 828 million yuan, a year-on-year increase of 172.30%. The latest diluted earnings per share were 1.08 yuan.

　　Anochi disclosed its first quarter report on the evening of April 22. The company achieved operating income of 185 million yuan from January to March 2014, a year-on-year increase of 118.47%; net profit attributable to shareholders of listed companies was 20.2854 million yuan, a year-on-year increase of 223.33%; basic earnings per share was 0.12 yuan.

　　As for the reason for the huge increase in performance, the relevant person in charge of Zhejiang Longsheng Company said that it was mainly because the price of dye products continued to rise, and the production and sales volume increased significantly year-on-year. At the same time, the production and sales volume and price of Zhejiang Longsheng's intermediate products increased, the H acid business gradually returned to normal, the output increased steadily, and the performance of intermediates increased significantly.

　　In addition, the performance of Zhejiang Longsheng's subsidiary DyStar also increased significantly. Zhejiang Longsheng expects its net profit from January to June 2014 to increase by 180% to 220% compared with the same period last year.

　　Anochi said that the substantial increase in operating income was mainly due to: the company actively integrated resources, expanded the market, and increased product market sales during the reporting period, based on the completion of the construction and production of the Dongying Yantai fundraising project and the acquisition of the Jiangsu Yongqing reactive dye project last year. At the same time, the company expects that the net profit attributable to the company's common shareholders in the first half of 2014 will increase significantly compared with the same period last year, mainly because the company will continue to promote the construction of sales channels, actively expand the market, and product sales will continue to grow; after the completion of the fundraising project, the production capacity will be gradually released, the product output will increase, and the product fixed cost dilution will decrease; the benefits of the Jiangsu Yongqing acquisition project will continue to be reflected.

　　The 14th China International Dye Industry, Organic Pigments and Textile Chemicals Exhibition was packed with professional visitors.