Nanjing Chemical Fiber: Viscose Products Are Still In The "Winter" Glue Based Moderate Diversification.

< p > affected by European debt crisis and domestic macro regulation, market demand for viscose fiber products has shrunk and prices have continued to decline. On the other hand, the cost of production of products is still high.

Viscose fiber production enterprises are experiencing a long "severe winter".

As an old viscose fiber production enterprise, Nanjing chemical fiber is naturally difficult to escape. The timely development of the "moderate diversification" development plan is regarded as a life-saving straw to avoid risks.

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< p > < strong > industry downturn is the worst in history < /strong > < /p >

< p > the recent shareholder meeting of Nanjing chemical fiber has not been held in Hongshan Fine Chemical Park of Liuhe District, Nanjing office, but moved to a hotel in the downtown area of Nanjing city.

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< p > it is reported that since 2010, viscose staple fiber prices have been dropping all the way, from the high level of 30 thousand and 800 yuan / ton at the end of 2010 to the current 15 thousand yuan / ton.

Su Wenjie, a researcher at the Bank of China International chemical industry, said in his research report: "viscose staple fiber is in a state of loss. From the start of the industry, it is currently about 60%, which is the worst level in history."

In addition, the price of viscose filament also showed a downward trend, from 50 thousand yuan / ton in early 2010 to 42 thousand yuan / ton at the end of the year, and the total decline was more than 16%.

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Under the influence of P, Nanjing chemical fiber is facing a severe situation.

Viscose staple fiber sales reached 20070 tons in 2011, sales revenue of 340 million 620 thousand yuan, a year-on-year decrease of 18.28%, net profit of 15 million 343 thousand and 700 yuan, a year-on-year decrease of 85.24%, a loss of 24 million 436 thousand and 900 yuan in the first quarter of 2012, and a net profit of 15 million 216 thousand and 400 yuan in the same period in 2011.

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< p > < strong > glue is mainly multivariate /strong < /p >

< p > facing the industry predicament, Nanjing chemical fiber looks very optimistic.

In the report of the board of directors, it was pointed out that "in the future, the demand for" a target= "_blank" href= "//www.sjfzxm.com/" textile "/a" fiber will mainly depend on the growth of chemical fibers, which has replaced cotton as the first raw material in the textile industry.

Viscose fiber market has broad development prospects and good prospects.

At the same time, the company will strengthen mutually beneficial cooperation with Austria Lan Jing group, and introduce its advanced technology and management concept to reduce production costs, try out new production and trial spinning, and enhance competitiveness.

Statistics show that Nanjing chemical fiber and Lan Jing group, a joint venture of Lan Jing Fiber Co., Ltd. (shareholding ratio of 30%) in 2011 achieved operating income of 1 billion 660 million 800 thousand yuan, net profit of 102 million yuan.

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< p > for the 2012 development goal, Nanjing chemical fiber company will be based on the main industry of viscose fiber and build the company into the most competitive viscose fiber production enterprise in China. At the same time, it will open up the real estate market and operate in a diversified way.

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< p > Huang Jingwen, an investment analyst at Tianxiang, believes that the profitability of viscose staple fiber will have a great impact on its performance.

At the same time, he warned to pay attention to the fluctuations in the prices of raw materials and products and the risk of real estate business.

"At present, the chemical fiber of Nanjing is sticking to sticky gum, but only optimistic attitude can not change the market's weakness."

One investor is worried.

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