On April 18th, 2023, Zanyu Technology, a Chinese surfactant manufacturer, released its annual report for the year. During the reporting period, the company achieved an operating income of 9.612 billion yuan, a decrease of 14.45% compared to the same period last year. It realized a net profit attributable to the listed company of 88 million yuan, turning losses into profits compared to the same period last year. In 2023, the prices of the main raw materials for the company’s product production, such as palm oil and fatty alcohol, fluctuated normally and remained at low levels, contributing to the recovery of the company’s profitability to a certain extent. Demand for main products showed some signs of recovery, with sales volume increasing compared to last year, especially in export sales.
In 2023, Zanyu Technology achieved operating income from surfactants (including washing and care products) of 3.398 billion yuan, a decrease of 3.29% compared to the same period last year. The sales gross profit margin was 5.05%, an increase of 0.72 percentage points compared to the same period last year. The company sold 577,200 tons of surfactants (including processing of washing and care products) in 2023, an increase of 21.84% compared to the same period last year.
In addition, the company achieved operating income from oil and chemical products of 5.936 billion yuan in 2023, a decrease of 19.35% compared to the same period last year. The sales gross profit margin was 6.48%, an increase of 0.69 percentage points compared to the same period last year. The company sold 850,900 tons of oil and chemical products in 2023, an increase of 1.67% compared to the same period last year.
Zanyu Technology stated that it will focus on the development strategy of enlarging and strengthening its main business. It will extend the industry chain moderately, with a focus on increasing investment in palm oil and palm kernel oil producing areas such as Indonesia and Malaysia, to enhance the autonomy and control of raw material supply. It will also extend downstream to the OEM/ODM field of daily chemical consumer products, enhancing the stickiness of surfactant customers. Meanwhile, it will continue to accelerate the development of overseas business, targeting the global market, expanding foreign trade customers, making them a new growth point for the company’s performance, enhancing market share, consolidating its position in the industry, and greatly improving the company’s competitiveness and profitability.
