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Sinochem International Corporation (600500.SH): The company has not produced Carbon Fiber.
On February 14, Gelonghui reported that Sinochem International Corporation (600500.SH) stated on the investor interaction platform that the company does not produce Carbon Fiber. In the field of high-performance fibers, the company has actively laid out the development of the aramid Industry Chain in recent years. After years of independent innovation and research and development, it has successfully broken the foreign monopoly and addressed the "supply shortfall" issue in China's aramid industry. Particularly, in regard to high-strength and high-modulus aramid products, the company achieved a key technological breakthrough in 2022 and successfully realized domestic substitution. Currently, the company's 5,500 tons/year aramid production unit is operating at full capacity, and the recent expansion project of 2,500 tons/year has successfully commenced operation, now established.
Private Companies in Sinochem International Corporation (SHSE:600500) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 3.5% Last Week
Sinochem International 2024 Annual Results Forecast
Sinochem International Corporation (600500.SH): It is expected to have a net loss of 2.285 billion yuan to 2.856 billion yuan in 2024.
On January 17, Gelonghui reported that Sinochem International Corporation (600500.SH) announced that, based on preliminary estimates, the company expects a Net income attributable to shareholders of the parent company for the fiscal year 2024 to be between -2,284.7 million yuan to -2,855.87 million yuan; the Net income attributable to shareholders of the parent company, excluding non-recurring gains and losses, is expected to be between -3,085.68 million yuan to -3,857.1 million yuan. The overall recovery of the Global economy in 2024 is expected to be sluggish, with weakened recovery in overseas manufacturing and Consumer sectors. Geopolitical conflicts, uncertainties in trade policies of various countries, and inflationary pressures remain destabilizing factors in the recovery of the Global economy and trade.
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