Shanghai Daoqin Plastics Co., Ltd.

        今 day, Dow company (DOW) published 2019 year Q3 degree 财报, its key/critical data lower:

        GAAP净收益 is 3.47 100 million USD;经营 property front profit (EBIT) is 11 100 million USD, year 同期估算业绩 is 16 100 million USD.

        净 sales is 108 100 million USD, versus ratio year 同期估算业绩 decrease/reduce 15%, causes is full can price fall market sales price decline.

        销 amount versus ratio year 同期估算业绩 decrease/reduce 2%. packaging, polyurethane ester and has machine silicon application demand growth 不足以弥补 carbon hydrogen combined material product sales decrease/reduce (causes is Europe light raw materials ratio expand large, and USA Mexico 湾沿岸 new assets make ethylene combined increase). carbon hydrogen combined material and can business, amount increase 1%.

        当 price versus ratio year 同期估算 value decline 12%, main/primary polyethylene (PE), carbon hydrogen combined material product, silicon oxygen and acid ester price decline 导致. rate make sales decrease/reduce 1%.

        股权 loss is 4400 10,000 USD, year 同期估算股权收益 is 1.35 100 million USD. 该项业绩 decline main/primary causes is, mono ethylene glycol and polyethylene (PE) business profit rate narrow make 科威特 combined enterprise decline.

        经营 property EBIT is 11 100 million USD, low year 同期估算业绩16 100 million USD, profit rate narrow and 阿根廷 decrease effect/influence. cost optimization and remove cost generate cost 节约, and USA Mexico 湾沿岸 new production capacity separation this factors. industrial solutions business plan 维护支出 decrease/reduce, and packaging and specialty plastics business profit rate expand large 推动经营 property EBIT month-on-month growth 5800 10,000 USD, property EBIT profit rate month-on-month rise 80 基点.

        本季 degree formed material business 部13.65 100 million USD cost optimization project, remove cost 4000 10,000 USD.

        持续 property active 动创造 现金 is 18 100 million USD, versus ratio year growth 16 100 million USD. degree 资本支出 is 4.72 100 million USD, cash flow is 13 100 million USD.

        本季 degree is shareholder provide 6 100 million USD 回报, 包括5 100 million USD separation and 1 100 million USD corporation 回购.

         will 持续改进 cost structure

         for/regarding degree 业绩, Dow company 首席执行官Jim Fitterling table/sheet 示: “本季 degree table/sheet 明, Dow 团队专注于 tube/pipe 理运营杠杆以应 for business ring 境. packaging, polyurethane ester and has machine silicon business amount increase, again utilizing USA and Europe 业界领先 raw materials active advantages. 我们 团队 also measures improve/increase price —— packaging and specialty plastics business in degree significantly improvement. ”

        他 strong/high Dow will 继续改进 cost structure, formed 13.65 100 million USD cost optimization project decrease/reduce 4000 10,000 USD cost.

        展望

        Jim Fitterling table/sheet 示: “ future, will 继续运 use raw materials active property, low 风险, high growth type investment, achieve cost reduce target/goal. also will 继续坚定 推进自由 cash flow improvement ——我们近期宣布 will use 判决Nova company 赔偿 现金款项赎回债券就 is 例证. this measures make can currently ring 境, in industrial 经济反 elastic in competition in has 利位置. ”