Jin10 reported on July 3rd that Wankai New Materials announced that the company plans to orderly reduce its PET production schedule starting from recent days, and during the production cut, it will organize equipment maintenance to ensure that when production resumes, the equipment can fully and efficiently meet all production requirements. This production cut and maintenance involves a PET capacity of 600,000 tons, accounting for 20% of the company's total capacity, and it is expected to have a significant impact on the company's overall operating performance.

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Jin10 Data, May 12 - China Resources Materials recently stated at a performance briefing that it expects PET production capacity to remain periodically surplus in 2025. The company will further strengthen its efforts to reduce costs, improve quality, and enhance efficiency, vigorously promote transformation and innovation, focus on "dual core and one strength," and intensify research and development of high proportion rPET, high-performance PETG, and temperature-resistant PET products, making every effort to stabilize and improve performance and continuously enhance shareholder returns.

On November 25th, Jin10 Data reported that Nanjing Chemical Fiber issued an announcement on the abnormal fluctuation of stock prices. According to the latest rolling price-earnings ratio and price-to-book ratio (classified by China Securities Index Co., Ltd.), the company's industry has a latest rolling price-earnings ratio of 33.17 and a latest price-to-book ratio of 1.52. The company's latest rolling price-earnings ratio is -18.39, and the latest price-to-book ratio is 6.36. The company's rolling price-earnings ratio is negative, and the price-to-book ratio is significantly higher than the average level. The company's main business is still cellulose fiber and PET structural core material, with no significant changes.

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Nanjing Chemical Fiber is expected to have a net loss of RMB 65 million to RMB 75 million in the first half of 2024, compared with a net loss of RMB 51.9194 million in the same period last year. The sales price of viscose staple fiber increased slightly in the first half of the year, but the cost still exceeded the selling price, resulting in a reduced loss amount; the sales price of wind turbine blades decreased, business expansion was lower than expected, and the sales volume of PET structural core materials increased slightly but the capacity utilization rate was low.