Recently, Shenma Industrial Co., Ltd. released its annual report for 2024 years.

According to the data, the company's operating income for the year was 08.0 billion yuan, a year-on-year increase of 0.0%.

However, its profit suffered a cliff-like decline, and the net profit attributable to the parent company fell by 57.0% year-on-year.

The net profit loss was 2013.0 million yuan, which was the first operating loss since 0.

The increase in raw material prices, combined with the decline in product prices, was the main factor causing the loss.

In terms of specific areas, the core business segment of SHEMAR is clearly differentiated.

Its nylon 66-related business revenue has increased, but the revenue of chemical fiber weaving business has shrunk significantly.

According to the report, the factory established by SHEMAR in Thailand is expected to be put into operation in the third quarter of 2025.

The plant mainly produces nylon 66 differentiated fibers with the aim of circumventing tariff barriers.

At present, SHEMAR is in the throes of strategic transformation and has invested a lot in R&D.

The company's future performance improvement depends on the release of overseas production capacity and breakthroughs in high value-added products.

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