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价格下行与火灾事故夹击 东岳硅材前三季度净利润最低或仅230万元
Mei Ri Jing Ji Xin Wen· 2025-10-14 01:45
Core Viewpoint - The domestic organic silicon industry, particularly for Dongyue Silicones, is facing significant challenges due to a combination of declining product prices and an unexpected fire incident, leading to a drastic drop in expected profits for the first three quarters of 2025 [1][4]. Financial Performance - Dongyue Silicones anticipates a staggering decline in net profit attributable to shareholders, projecting a decrease of 96.27% to 97.40%, with profits expected to fall from 88.59 million yuan in the same period last year to between 2.3 million and 3.3 million yuan [1][3]. - The company's non-recurring profit and loss is expected to impact net profit by approximately 9 million yuan, primarily from non-current asset disposal gains and government subsidies [3]. Industry Context - The organic silicon industry is experiencing a severe market downturn, characterized by a complex supply-demand relationship and a continuous decline in product prices, which has pressured profitability across the sector [2][4]. - The average price of Dongyue Silicones' core product, organic silicon DMC, decreased by about 12% in the first half of 2025 compared to the same period last year [2]. Operational Challenges - A fire incident on July 20, 2025, at the company's core production unit has led to a suspension of production, significantly affecting operational performance [5]. - The affected production unit is crucial, accounting for 30% of the company's total organic silicon monomer capacity, and its shutdown has resulted in substantial operational losses [5]. Future Outlook - Dongyue Silicones plans to complete safety and process improvement projects for the affected production unit by the end of 2025, aiming to restore production capacity [5].