STL(SZ:002648)2015-02-10 16:00Financial Performance - In 2014, the company's net profit was revised to a range of RMB 25.01 million to RMB 175.05 million, significantly lower than the previous estimate of RMB 325.09 million to RMB 500.14 million[5]. - The overall sales revenue for acrylic acid and ester products increased by nearly RMB 800 million compared to 2013, despite the price decline in the fourth quarter[6]. Market Conditions - The decline in crude oil prices since September 2014 exceeded 50%, leading to a substantial drop in the prices of acrylic acid and ester products, further impacting net profit[2]. - Acrylic acid prices fell from RMB 10,000 per ton in September to approximately RMB 7,000 per ton by December, resulting in an estimated gross margin decline of around 12%[6]. - The domestic propylene market price dropped from RMB 10,000 per ton in September to RMB 6,000 per ton by December, affecting sales revenue of RMB 236 million for propylene[6]. - The company faced adverse impacts from a slowing economy and increased market volatility, affecting downstream demand and procurement activities[1]. Future Outlook - The company noted that the construction of new acrylic acid production capacity will significantly slow down, which may stabilize supply and demand relationships in the future[1].