Yip’s chemical inflection point performance or in this year

Yip’s chemical inflection point performance or in this year

Under the flag of Guangdong’s chemical industry Jiangmen Kenshin chemical industry is the world’s largest producer of acetic ester solvent, is also one of the top five hundred enterprises of chemical Chinese. In August 19, 2016, Yip chemical group released half year results announcement, the first half of 2016, the group turnover of approximately HK $3 billion 812 million, down 11%; gross margin increased by about 1.9 percentage points to 18.5%; the company profit attributable to shareholders of HK $56 million 389 thousand, down 32%, if the deduction of foreign exchange losses and profits of domestic companies pay dividend tax compared to the same period, profit roughly comparable. During the period, earnings per share of 10 cents; the proposed interim dividend of 5 HK cents per share.

Notice that the group total product sales rose 14% to about 539 thousand tons, but the price is still with the raw material prices fall, resulting in the amount of sales fell 11% to HK $3 billion 812 million.