RTGF(SZ:002440)2022-12-03 10:20Financial Performance - In 2018, the company achieved a revenue of 6.464 billion CNY, a year-on-year increase of 6.72% [3] - The net profit attributable to shareholders in 2018 was 1.313 billion CNY, up 40.45% year-on-year [3] - In Q1 2019, the company reported a revenue of 1.802 billion CNY, a 12.96% increase year-on-year, but a net profit of 260 million CNY, down 15.03% year-on-year [3] Production and Sales - In 2018, the total dye production was 170,200 tons, a decrease of 9.03% year-on-year, while sales were 161,700 tons, down 14.06% year-on-year [3] - The average selling price of dyes increased significantly despite the decline in production and sales volume [3] 2019 Business Goals - The company aims for a total revenue of no less than 7 billion CNY and an operating profit of no less than 2 billion CNY in 2019 [3] Pricing and Inventory - Current prices for disperse dyes are around 70,000 CNY/ton, with transaction prices between 52,000-55,000 CNY/ton; reactive dyes are priced at approximately 32,000 CNY/ton [3] - Prices for key intermediates have risen significantly post the Jiangsu incident, with prices for certain products reaching 55,000 CNY/ton for reducing agents and 150,000 CNY/ton for aniline [3] - The company maintains a reasonable inventory level, with downstream dyeing enterprises and distributors having low stock [3] Market Trends - Dye prices are influenced by safety and environmental regulations, downstream inventory levels, and raw material prices [4] - There is an expectation for price increases in some products following a recent surge in raw material costs [4] Future Developments - The company plans to increase investment in environmental technology upgrades and improve production processes for dye intermediates [5]