Compared to 2020, the operating conditions of most cellulose fiber enterprises in China improved significantly, according to the annual reports disclosed by Chinese listed companies.
Operating in the chemical fiber sector, FuningAoyang Technology Co registered a revenue of 1.048 billion yuan and a net profit of -1.068 billion yuan (-420 million in 2020). The huge losses are mainly caused by asset impairment losses, asset disposal losses and disposal costs of related employees. As per a CCF Group report, the company’s annual production declined by 36.26 per cent to 85,386 tons. The sales volume of the company declined by 36.84 per cent to 89,965 tons. The inventory declined by 90.67 per cent to 500 tons. On Apr 9, 2021, the company announced that it planned to sell viscose business, and the counterparty is Sateri China Investment Co., Ltd.
Jilin Chemical Fiber, a manufacturer of viscose filament yarn and viscose staple fiber reported a 29.7 per cent year-on-year increase in revenue of viscose filament yarn to 2.206 billion yuan, and the revenue of viscose staple fiber is 1.197 billion yuan, an increase of 72.52 per cent year-on-year. The production and sales of viscose filament yarn is 67,259 tons and 70,723 tons respectively, and the production and sales of viscose staple fiber is 106,052 tons and 103,797 tons respectively.
Nanjing Chemical Fiber improved its sales volume of viscose filament yarn to 897.37 tons during the eporting period. The inventory of viscose filament yarn has been sold, with revenues of 18.11 million yuan, a year-on-year increase of 92.84 per cent. The output and sales volume of viscose staple fiber is respectively 33.6kt and 30.8kt, with a revenue of 328 million yuan, a year-on-year increase of 24.56 per cent
Sanyou Chemical’s output and sales of viscose staple fiber declined to 681.7kt and 668.4kt respectively, compared with 749.6kt and 761kt in 2020. The revenue of viscose staple fiber increased by 21,03 per cent Y-o-Y to 8.284 billion yuanwhile the net profit declined by 124 million yuan to 270 million yuan
Xinxiang Chemical Fiber currently focuses on the production and sales of viscose filament yarn and spandex, and has suspended the production of viscose staple fiber. During the reporting period, the company produced 64,374 tons of viscose filament yarn, a year-on-year increase of 3,587 tons. The revenue totaled 2.045 billion yuan, a year-on-year decrease of 6.49 per cent. Zhongtai Chemical: the output and sales of viscose fiber is 569.9kt and 267.4kt respectively, and the output and sales of rayon yarn is 297.5kt and 300.3kt respectively. The revenue of the two is 2.881 billion yuan and 4.199 billion yuan respectively, a year-on-year increase of 80.7 per cent and 34.34 per cent respectively.
