RTGF(SZ:002440)2022-12-03 09:24Group 1: Company Performance - In the first half of 2018, the company achieved operating revenue of 3.41 billion CNY, a year-on-year increase of 16.33% [2] - The net profit attributable to shareholders was 706 million CNY, representing a significant year-on-year growth of 75.73%, primarily due to the increase in dye product prices [3] - The company expects net profit attributable to shareholders for the first nine months of 2018 to be approximately 1.0 to 1.1 billion CNY [3] Group 2: Market Situation - China accounts for approximately 60%-70% of global dye production, with three major companies (Zhejiang Longsheng, Runtu Co., and Jihua Group) holding about 70%-75% of the domestic market share [3] - The dye industry exhibits an oligopolistic competition structure, with high market concentration and stable demand [3] Group 3: Price Trends - Currently, disperse dye prices are stable, while reactive dye prices have decreased due to falling prices of related intermediates [3] - The demand for dyes is expected to increase as the downstream printing and dyeing industry enters its traditional peak season [3] Group 4: Production and Environmental Compliance - Three subsidiaries in Jiangsu remain suspended due to local government environmental rectification actions since late April [3] - The subsidiaries have submitted reports for resumption of production after addressing issues in compliance with national environmental laws and regulations [3] Group 5: Industry Environmental Trends - The environmental situation in the dye industry is expected to continue tightening, with pollution prevention being a key focus of China's economic policy [3] - Major enterprises in the industry are beginning to benefit from environmental compliance due to their significant investments in environmental protection [3]