Organosilicon: Performance plummets, when will it regain its glory
Source:iotachem.com
PostTime:2024-07-12 16:30:03
With the increasing global demand for renewable energy, the new energy industry has exploded in recent years. Correspondingly, new energy has ignited many peripheral industries, and organic silicon, as the main material of photovoltaic silicone, is also one of the sectors that has been ignited. The most obvious manifestation is the impact of the photovoltaic concept on the stock price of organic silicon enterprises. However, behind the rise in stock prices, the company's performance is astonishing.
The new energy brings more conceptual hype and does not have a large-scale driving effect on the company's performance in the short term. However, the author believes that in the long run, the demand growth in the photovoltaic industry will definitely be very optimistic. Therefore, organic silicon relies on the driving force of photovoltaics, and future performance growth is expected.
Against the backdrop of the global economic downturn in 2023, the overall performance of the silicone industry can also be described as bleak: declining revenue, poor cash flow, and increased debt. All these performances make people feel that there is no hope for the industry. I believe readers have also learned from our previous articles.
Foreign companies are also facing a cold winter. From January to September 2023, the total operating revenue of the four overseas listed companies decreased by 17% year-on-year, and the total net profit decreased by 50% year-on-year. The overall trend and decline are even similar to those of domestic companies. The export data of Chinese enterprises is also not optimistic. According to data from Shanghai Nonferrous Metals Network, the cumulative export volume of polysiloxane in the primary form of organic silicon from January to November 2023 was 375500 tons, a year-on-year decrease of 11.58%. The consistency of global corporate performance trends also indicates that the industry's downturn is global, and relying on exports to improve performance may be hopeless.
From the perspective of downstream applications, construction is the main downstream application field of organic silicon. With the high saturation of domestic and foreign real estate, the demand for organic silicon naturally drops significantly. In 2023, as developed countries continue to raise interest rates and the global economy slows down, the demand for organic silicon in various fields is decreasing. However, the supply side of the industry not only did not reduce production as demand weakened, but also continued to expand. Therefore, the mismatch between supply and demand led to an increase in inventory, causing companies to start price wars and a decrease in industry profitability.
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