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Founder Securities: The reversal of the chemical industry is likely near, Bullish on the opportunities for layout on the left side of the cycle.
The Global economy in the Industry has been in a downturn and has dragged on until now, with high prices of oil and coal causing profits in the industry to shift upstream, and the profitability level of bulk chemicals has reached a historical low.
Yaxiang Co. (301220): The company's profit in the first three quarters is under short-term pressure, but bullish on the contribution of the Thai project to performance growth.
Event: On October 28, 2024, Yaxiang Co., Ltd. released the third quarter report of 2024. The company's revenue for the first three quarters of 2024 was 0.576 billion yuan, a year-on-year increase of 21.37%; net income attributable to the parent company was 0.45 billion yuan.
Express News | Yaxiang Co., Ltd.: Establishing a subsidiary in the usa and providing guarantees for the holding subsidiary.
Asia Flavors & Fragrances (301220): Leading player in the global flavors and fragrances segment, with performance boosted by Thai factory entering a new stage.
Asia Essence: a global leader in the segmentation of natural flavoring. Asia Essence mainly engages in natural flavorings, synthetic flavorings, cooling agents, etc., mainly used as raw materials for blending essence or directly as food additives, with end products primarily applied in the csi sws food & beverage index, daily chemicals, and other industries
Express News | Midday announcement: Xiaoming shares October chicken product sales revenue increased by 62.4% year-on-year.
Yaxiang Shares (301220.SZ): The first phase of the "Yaxiang Biotechnology (Thailand) Co., Ltd. production base project" has officially started production.
On November 11, Geelong Hui announced that the first phase of the "Yaxiang Biological Technology (Thailand) Co., Ltd. Production Base Project" has conducted trial production in August 2024. As of the date of this announcement, the first phase of the fundraising project for the "Yaxiang Biological Technology (Thailand) Co., Ltd. Production Base Project" has completed the installation and commissioning of production processes and machinery and equipment after the preliminary trial production, and the relevant production lines were officially put into operation recently. After the commencement of this fundraising project, the company will add 1000 tons of vanillin, 200 tons of benzoin, 100 tons of benzaldehyde, 50 tons of methanol, and 100 tons of methyl cinnamate.
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