2 1 Shi Ji Jing Ji Bao Dao·2025-12-20 23:36Core Viewpoint - The domestic antioxidant industry is experiencing a wave of price increases, with major companies raising prices by approximately 10% across the board, indicating a collective response to market conditions and demand [1][4]. Group 1: Price Adjustments - Dingjide (603255.SH) announced a price increase of about 10% for all its antioxidant products effective immediately [1]. - Other leading companies, including Lianlong (300596.SZ), Suqian Liansheng (603065.SH), and Fengguang Co. (301100.SZ), have also implemented similar price hikes within a short timeframe [4]. - The price adjustments are attributed to strong demand and a need to improve profit margins, as stated by Fengguang's representative [4]. Group 2: Industry Context - The antioxidant industry has faced intense competition in 2023, leading to irrational price competition due to slowing downstream demand and fluctuations in raw material prices [5]. - For instance, Fengguang's single antioxidant product saw its gross margin drop from 16.58% in 2023 to 3.02% in 2024, reflecting the industry's challenges [6]. - Despite revenue growth, companies like Fengguang and Dingjide reported net losses, highlighting the phenomenon of increasing revenue without corresponding profit [6]. Group 3: Market Reaction - The market response to the price increases has been muted, with slight gains for some companies and a decline for Fengguang as of December 19 [7]. - Analysts are optimistic that the price hikes could positively impact the industry by helping to stabilize and improve market conditions [6].