August 26, 2024 – Multiple listed companies in the chemical industry have recently released their semi-annual financial reports for 2024. Among them, Baoti Co., Ltd. experienced a slight increase in operating revenue during the reporting period, with its net profit attributable to shareholders rising by 5.85% year-on-year. However, its non-net profit after deducting non-recurring profits and losses declined. Meanwhile, the net cash flow generated from the company’s operating activities increased by 20.99% year-on-year, indicating an enhancement in operational efficiency.
Vanadium Titanium Co., Ltd., on the other hand, encountered a decline in performance in the first half of the year, achieving operating revenue of approximately 7.158 billion yuan, a year-on-year decrease of 6.16%. Its net profit attributable to shareholders plummeted by 77.23%. In comparison, Anning’s financial performance remained relatively stable, with both revenue and net profit attributable to shareholders nearly unchanged from the same period last year.
Zhonghe Titanium Dioxide Co., Ltd. achieved dual growth in both operating revenue and net profit in the first half of the year, increasing by 42.29% and 42.09% respectively. Although Jinpu Titanium Industry Co., Ltd.’s operating revenue slightly increased, its net profit attributable to shareholders suffered a loss. Lubei Chemical Industry Co., Ltd. experienced significant growth in performance in the first half, with operating revenue and net profit increasing by 31.28% and 1063.27% respectively.
Another chemical company, An纳达, exhibited poor performance in the first half of the year, with both total operating revenue and net profit attributable to shareholders declining.
In overseas markets, Kronos achieved a net income of 19.5millioninthesecondquarterof2024,reversingthenetlossinthesameperiodlastyear.AlthoughChemours′netsalesinthesecondquarterdecreasedby670 million, marking a significant improvement from the net loss of $376 million in the same period last year. Tronox also achieved sequential growth in both revenue and operating income in the second quarter.
According to information from the Color Masterbatch Industry Network, the performance of these chemical companies is influenced by various factors, including market demand, raw material prices, production costs, and the international trade environment. In the future, these companies need to closely monitor market dynamics and flexibly adjust their business strategies to cope with the ever-changing market environment.