Xinxiang Chemical Fiber (000949.SZ) issued an expected loss. The net loss for 2023 is expected to be 30 million yuan to 44 million yuan

According to the Zhitong Finance App, Xinxiang Chemical Fiber (000949.SZ) released its 2023 annual performance forecast. The net loss attributable to shareholders of listed companies is expected to be between 30 million yuan and 44 million yuan for the whole year.

Reasons for changes in performance: 1. Prices of main raw materials for biomass cellulose filament products decreased, shipping costs decreased, gross profit margin increased dramatically; prices of spandex fiber products and prices of main raw materials decreased year-on-year, and losses during the reporting period were drastically reduced. 2. There were many R&D and technical improvement projects in the same period last year. During the reporting period, with the completion of some R&D projects and successive completion of technical improvement projects, R&D expenses and technical reform investment were drastically reduced. 3. Exchange income decreased and financial expenses increased during the reporting period.