Chlor-alkali and other products net profit shrank too much in the third quarter profit levels fell sharply

According to the quarterly report of the third quarter of 2009 released by Taiyuan Chemical Industry Co., Ltd., the net profit attributable to the shareholders of the listed company in the third quarter of 2009 was -49,072,354.41 yuan, and the net profit in the first three quarters of 2009 was -98,893,534.44 yuan. A decrease of 288.66%.
According to the analysis of the announcement, the major change in profitability of the company's main business compared with the previous year was due to the impact of the international financial crisis and the industry in which it was located. The major changes in the market and prices of the company's main business products resulted in insufficient production start-ups. As sales revenue and sales volume decreased, the profitability space was greatly compressed, and the sales price of the products fell far more than the decrease in raw material prices. The gross profit per ton of PVC products decreased by 588.21 yuan and the profit of the main business was 35.699 million yuan. The gross profit per ton product of coke decreased by RMB138.87, and the profit from main business was RMB 67,705,500. The gross profit per ton of pure benzene was reduced by RMB 874.15, the profit from main business was RMB 22,337,100, and the profit of ammonium nitrate and phosphate fertilizer was reduced by RMB 19,272 per ton. , affecting the main business profit of 23,218,500 yuan.
It is expected that the company’s product prices are still operating at a low level despite the impact of the international financial crisis. Uncertainty in market and product demand led to the company's accumulated net profit at the end of the next reporting period may be a loss.

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