Ge Long Hui A P P·2025-09-04 07:54Core Viewpoint - New Fengming achieved a net profit attributable to shareholders of 709 million yuan in the first half of the year, representing a year-on-year increase of 17.28%, primarily benefiting from the overall improvement in the price difference of polyester filament [1] Company Performance - The price difference between POY and PX/MEG reached 1436 yuan/ton in H1 2025, an increase of 8.88% year-on-year [1] - The company has been continuously advancing new capacity construction and technological upgrades, with two new filament production lines added and the Xuzhou base's texturing machine reaching full production [1] - The performance and quality stability of various short fiber products have improved, with significant enhancements in the spinnability of water-jet products after modifications [1] - The market share of short fibers is steadily increasing, supported by the launch of the new 1.33 series and rising sales [1] PTA Production - The third phase of the PTA facility has shown continuous improvement in consumption metrics, with enhanced production stability and operational efficiency [1] Market Outlook - With the arrival of the peak season in September and October, downstream operations are expected to gradually recover, indicating a potential further increase in the price difference of polyester filament [1] - New Fengming is recognized as a leading company in the domestic polyester filament industry, with significant cost advantages and an optimistic industry outlook [1]