On August 7, Chlor-Alkali Chemical released its semi-annual report for 2023. The report shows that in the first half of the year, the company achieved operating income of 3.455 billion yuan, a year-on-year decrease of 5.76%; net profit was 297 million yuan, a year-on-year decrease of 66.49%.
Chlor-Alkali Chemicals stated that during the reporting period, affected by the market, the prices of the company's leading products continued to decline, resulting in the company's net profit, net profit after deducting non-recurring gains and losses, net cash flow from operating activities, and basic per share Revenues were down sharply from the same period last year.
According to the data, Chlor-Alkali Chemicals is mainly engaged in polyvinyl chloride, caustic soda, and chlorine products. In the first half of 2023, many of the company's financial indicators declined year-on-year. Data show that in the first half of this year, the company's revenue was 3.455 billion yuan, a year-on-year decrease of 5.76%; net profit was 297 million yuan, a year-on-year decrease of 66.49%; 78.97 million yuan.
Chlor-Alkali Chemical said that affected by market conditions in the first half of the year, the prices of the company's main products, caustic soda and polyvinyl chloride, have been falling all the way, resulting in a decline in performance. It is reported that the basic earnings per share of Chlor-Alkali Chemicals in the first half of the year was 0.26 yuan per share, a sharp drop of 66.49% compared with 0.77 yuan per share in the same period last year. In addition, the company's return on net assets has also declined, and the weighted average return on net assets has decreased by 8.39 percentage points from 12.13% in the same period last year to 3.74%.