中国氟化物材料月报

From Sept. 2013 to Sept. 2014, the overall fluorochemical industry in China stayed languishing, mainly influenced by serious overcapacity and weak downstream demand. However, the domestic fluorochemical industry begins to bottom out in 2014, with R22 as a representative.

In addition, some of the domestic emerging industries, such as alternative energy automobile industry have started to substantially develop in 2014. This to some extent impels the development of related products in the fluorochemical industry, including fluoropolymers and fluorine-enriched fine chemicals. In the future, how will the domestic fluorochemical industry continue the upward trend and further its sustainable and sound development?

Meantime, in order to more clearly identify the development situation of China’s fluorochemical industry in H1 2014, CCM specifically selected four leading listed companies in the fluorochemical industry as examples. CCM then systematically analyzed the data from their semi-annual financial reports of the last three years (from H1 2012 to H1 2014) from five perspectives, namely, overall performance, profit, assets, debt risk, and key projects under construction. How did these listed companies perform in H1 2014? What about compared with previous years?

What’s more, in Sept. 2014, only two months after Tianhe Chemicals went public, an overseas shorting selling institute, Anonymous Analytics, launched an attack on it. Afterwards, its stock price went down by 5%. Tianhe Chemicals then called a suspension of trading. Even till now, it has not yet restarted the trading. This captures wide concern in the industry. As the largest special fluorochemical manufacturer in China, Tianhe Chemicals shows large production scale, advanced technology and strong capability. Will the enterprise go through the unexpected attack? What can Chinese private enterprises do to deal with such frequent shortings? 

These hot topics in China's fluorochemical market will be explored and reported by CCM in detail in this e-journal, China Fluoride Materials Monthly Report 1409. Please pay close attention.

The RMB/USD exchange rate in this issue is USD1.00=RMB6.1680 on 1 Sept., 2014, sourced from the People's Bank of China. If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20- 3761 6606, or econtact@cnchemicals.com.