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China Sunsine has a great full year

Vincent Chia

China Sunsine Chemical Holdings Limited announced its full year results. FY revenue was up 22% year-on-year to RMB 2,077.3million while FY NPAT was up 187% year-on-year to RMB 220.2million. This was attributed to a 11% year-on-year growth in sales volume to 108,973 tons. Average selling price for all its products also increased thus enabling its gross profit margin to increase from 19.8% to 31.9% year-on-year. Since 2014, the China government has implemented stringent environmental protection policy. Thus a number of factories who failed to meet these requirements have had to shut production. This in turn contributed to increased pricing and market share for China Sunsine.

GET TO THE POINT : No one can ask for anymore. Higher market share together with higher average selling price. It is usually only one or the other.

(Picture from China Sunsine Chemical Holdings Limited)

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