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Profitability further weakened, but Changhai is already a top student in the fiberglass industry.

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From the published financial data, revenue and net profit are expected to decline. The net profit in the third quarter was only 77 million yuan, and the non-net profit was 71 million yuan, which was directly halved compared with the same period last year.

The main reason for this situation is related to the market situation. The specific reason is in the previous article: [Long Words] The net profit of the leader has been cut, and the stock market has plummeted! What does the Q3 financial report of the two giants of glass fiber show? It has been analyzed.

As the second echelon of Changhai, it is very difficult to keep such profits. Compared with some factory direct roving as the main product, Changhai has many secondary glass fiber products, the product structure is richer, and the profitability is stronger.

Although Changhai is in the second echelon in terms of volume, its development route is unique compared to its peers in the same echelon. Short-cut felt and surface felt category accounted for a large proportion, compared to the roving at the edge of the loss or has been lost, there is a certain profit margin.

In terms of new projects, Changhai is currently mainly under construction, including Tianma production line 30000 tons to 80000 tons, and 600000 tons of high-performance glass fiber intelligent manufacturing base project. [Long Words] 600000 Tons of High Performance Glass Fiber, What Will Changhai Increase Production?

With the further expansion of production capacity in the future, the development of Changhai is still very promising. The report card of 2023 is not good, mainly because the difficulty of the market is too high. Now it can still maintain considerable profitability and is already a top student.

In the industry's overall profitability has fallen sharply, money is particularly important. Those companies with low-end products and single categories, and no back-to-back bosses, have reached the most dangerous juncture at this time.

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600000 tons of high-performance glass fiber, Changhai what to increase production?

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600000 tons of high-performance glass fiber, Changhai what to increase production?