Xingfa Group: Phosphorus chemical industry is expected to rise at the bottom, and the company is flexible against the trend

In 2017, the company achieved a net profit of 320 million, which is in line with market expectations. The company released its annual report, with a revenue of 15.76 billion in 2017 and a net profit of 320 million. The domestic effective production capacity of glyphosate is about 680,000 tons, the annual output is 500,000 to 550,000 tons, and the operating rate is nearly 80%. It has already come out from the bottom of the cycle. With the integration of the industry in the future, it is expected that the bargaining power of downstream merchants will be significant. As the industry improves, the industry is expected to continue to make profits. The company's 180,000 tons capacity is expected to contribute significant profits. Since the supply and demand reversed in 2016, the organic silicon industry has reached a limit of nearly 90% in 2018. There is no new capacity before the end of 2019. Demand continues to grow by more than 6% per year. The industry continues to be booming and the company has a capacity of 200,000 tons. At the forefront of the industry, it continues to significantly benefit from the high economy. The phosphate ore industry has been in the bottom of the cycle for more than four years. This round of environmental protection high pressure is expected to continue to have a greater impact on the industry suppl . The price of 28% phosphate ore in Hubei has increased by 100 yuan/ton since the beginning of the year. In 2018, we expect the industry to be booming. Gradually rising from the bottom  , the company's annual output of more than 6 million tons, the performance of price increases is flexible.