Despite of weakened demand of tire industry, fierce competition of rubber chemicals industry, severe safety and environmental protection situation and drastic fluctuation of product price, in 2015, Sunsine Chemical Holdings Ltd. still achieved a net profit of 209 Million Yuan, the second highest in history. This mainly benefited from powerful strength and stable development base formed by continuous new highs in product sales and continuous strict environmental protection measures of this company.
In 2015, the sales of Sunsine Chemical reached 114,600 tons to set a new record. However, the fall in average sale price of the products due to decline in price of raw materials offset the increase in sales, thus making the realized operating income of 1.859 Billion Yuan decrease by 11% compared with 2.077 Billion Yuan in 2014. According to calculations, the average sale price of all products of Sunsine Chemical reduced by 15% from 19,062 Yuan/ton in 2014 to 16,190 Yuan/ton in 2015. The date published by Sunsine Chemical showed that the gross profit rate of this Group narrowed by 0.8% from 27.3% in 2014 to 26.5%; the gross profit dropped by 13% to 492 Million Yuan, which resulted in that the net profit of the Group had a slight decline of 5% from 220.2 Million Yuan in 2014 to 209.2 Million Yuan.
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