Shanghai Daoqin Plastics Co., Ltd.

        · core business amount growth 5.3%

        · group sales 额总计约32 100 million 欧元(-14.6%)

        ·EBITDA is 4.25 100 million 欧元(-50.5%), to forecast target/goal

        ·净 profit drop 至1.47 100 million 欧元(-70.4%)

        ·自由经营 cash flow is 2.43 100 million 欧元(-58.0%)

        ·进一步明确2019 year forecast scope/range

        尽 tube/pipe ring 境挑战依旧, Covestro in 2019 year Q3 degree still achieve core business amount year-on-year growth 5.3%. meanwhile, relatively low sales price effect/influence, group sales decline 14.6%至32 100 million 欧元, combined 预期. sales price negative effect/influence, 息税折旧摊销 front profit (EBITDA) year-on-year decline 50.5%至4.25 100 million 欧元, combined forecast. profit decline 70.4%至1.47 100 million 欧元. 因经营 active generate cash flow decrease/reduce and plan investment 安排, 自由经营 cash flow is 2.43 100 million 欧元, reduce 58.0%.

        “我们 in Q2 degree achieve business amount growth rear, market demand in Q3 degree again growth. ” 首席执行官施乐文博士(Dr. Markus Steilemann) table/sheet 示, “ currently 经济形势 still 充满挑战, especially in automotive industry. however, 取 销 amount growth table/sheet 明我们 business distribution more industry, non 局限于 mono industry. ”该季 degree business amount growth main/primary 归功于 construction, furniture and electronics electrical industry.

        确认 full year 展望, 进一步明确 scope/range

        基于 Q3 degree report, 首席财务官陶鹏飞博士(Dr. Thomas Toepfer)确认 full year 展望. “我们 still has achieve year degree 既定财务 target/goal. ”他 strong/high 调, “ due to year profit rate high, therefore sales and profit year-on-year decline combined 我们 预期. ”

         Q3 degree rear, group shrink small front 公布 2019财 year forecast scope/range: Covestro expected 2019财 year core business amount will achieve low percentage growth. meanwhile, expected group 自由经营 cash flow will in 3 100 million 至5 100 million between, already use 资本回报 rate will 处于8%至10% between. company also expected year EBITDA will 介于15.7 100 million 至16.5 100 million between.

        启动 new type circular economy plan

         is through sustainable and innovation solutions maintain long formed 功, Covestro positive add strong/high for circular economy degree, is 此启动 new strategy plan. especially in product production process in, group force most large degree utilizing sustainable Raw Materials, material, waste material and oxidation carbon. this will can can decrease/reduce for and other 化石资源 use. remove outer, must can can for waste plastics system recycling again utilizing.

         sustainable development and innovation is in Germany 杜塞尔 more 夫举办 2019 year plastics and 橡胶展(K展) upper key/critical 词. Covestro in upper show/display more product and technology, is for full 球挑战 provide solutions, 例如: 基于二 oxidation carbon environmental protection type textile product, and improves machine property can and accelerated 5G technology application various material.

         Q3 degree polyurethane ester and polycarbonate (PC) sheet/plate block amount growth

         polyurethane ester business sheet/plate block core business amount growth 5.1%. furniture and electronics electrical industry, especially is use electrical appliances, and construction industry demand increase, 足以抵消 automotive industry demand decline. however, due to competition pressure add 剧导致 sales price reduce, sheet/plate block sales decline 20.1%至14.78 100 million 欧元. EBITDA也 therefore decline 54.6%至1.96 100 million 欧元.

         polycarbonate (PC) business sheet/plate block core business amount year-on-year growth 9.3%, main/primary electronics electrical and construction industry. 2019 year Q3 degree, sheet/plate block sales decline 13.2%至9.01 100 million 欧元. sales price negative effect/influence, EBITDA decline 58.1%至1.32 100 million 欧元.

         due to has main/primary industry (especially is automotive industry) for coating material Raw Materials demand decrease low, coating material, bonding agent and chemical product business sheet/plate block core business amount decline 4.0%. therefore, sales decline 3.0%至5.88 100 million 欧元. amount and profit drop rate reduce effect/influence, sheet/plate block 2019 year Q3 degree EBITDA decline 11.9%至1.11 100 million 欧元.

         front month features: competition add 剧, price 变化

         positive 如预期, year front month market competition add 剧, 定价也出现 adjustment. group core business amount still growth 1.5%. due to sales price reduce, group sales decline 15.8%至95.48 100 million 欧元. EBITDA decline 54.4%至13.26 100 million 欧元. profit is 5.15 100 million 欧元, year-on-year decline 70.5%, 自由经营 cash flow decrease/reduce 89.1%至1.43 100 million 欧元.