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中粮科技(000930.SZ):公司燃料乙醇销量继续保持了行业领先的地位

COFCO (000930.SZ): The company continues to maintain an industry-leading position in fuel ethanol sales

Gelonghui Finance ·  Jul 18, 2023 14:41

Gelonghui July 18th 丨In response to a recent investor survey, COFCO Technology (000930.SZ) said that the current overall demand in the industry where the company is located is weak, and the impact on several of our main products is also quite large. With the further increase in social activities, fuel ethanol consumption showed a recoverable year-on-year increase in the first half of the year, and the company's fuel ethanol sales continued to maintain its leading position in the industry. The operating rate of the starch industry has been low in recent years, and the operating rate of the starch industry continued to decline in the first half of the year. The company's starch products reduced production load in a timely manner based on marginal contribution considerations. Judging from the volume of production and sales of starch sugar products in the first half of the year, it was relatively normal and there was a slight increase. Affected by the price increase of sucrose, the company actively expanded sales of starch sugar products and also actively expanded sales of differentiated and customized specialty syrups. Starch sugar continued to maintain the leading level in the industry. Citric acid was greatly affected by the export situation in the first half of the year. Citric acid products were mainly sold in the international market. Affected by the decline in downstream demand, the company reduced the production load of citric acid in the first half of the year. Overall production and sales of monosodium glutamate products were at a normal level in the first half of the year, maintaining a relatively high operating rate and a balance between production and marketing. Overall, in the first half of the year, when the operating rate of the industry declined markedly, the company's individual product production load was also affected, but the overall operating rate remained at a high level in the industry. The production and marketing situation remained balanced, and all production and sales were basically achieved.

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