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Huafon Chemical Progresses Planned Acquisition of Huafeng Synthetic Resin, Huafeng Thermoplastic; Shares Up 3%
Should You Think About Buying Huafon Chemical Co.,Ltd (SZSE:002064) Now?
We Think Huafon ChemicalLtd (SZSE:002064) Can Stay On Top Of Its Debt
Research Reports Digging Gold | Northeast Securities: Initiates a "Shareholding" rating for Huafon Chemical, with product competitiveness and production and sales scale leading in the Industry.
Northeast Securities Research Reports pointed out that Huafon Chemical (002064.SZ) has deeply engaged in the polyurethane Industry Chain, with product competitiveness and production-sales scale being industry-leading. This is the first coverage, giving a 'Shareholding' rating. From the perspective of industry competition pattern, the industry shows a high concentration, with CR5 reaching 82%, and new capacity mainly concentrated in leading enterprises. Currently, the price difference of spandex has fallen to historical lows. With the current round of industry expansion nearing its end and the continuous improvement in the application fields and penetration ratio of spandex, the price and profitability of spandex products are expected to recover. The company's spandex profitability is outstanding, with a gross margin of 1% for the spandex business in the first half of 2024.
Huafon Chemical Co.,Ltd (SZSE:002064) Stock Most Popular Amongst Private Companies Who Own 45%, While Individual Investors Hold 26%
Huafon Chemical Starts Production at Adipic Acid Plant