In the third quarter, the revenue of the global smartphone market increased by 5% year-on-year, reaching 112 billion US dollars, setting a historical high for the third quarter; Global smartphone shipments also achieved a moderate 4% year-on-year growth, reaching 320 million units.
The recent stability of the silicone market is somewhat unusual.
Looking back at the "golden nine and silver ten" of the past decade, this peak season has never seen such a long period of sideways trend - most organic silicon product prices have remained almost unchanged for more than ten consecutive days, which was almost unimaginable in the past.
It is reported that some individual factories have started to develop strategies of "stopping production" and "stopping sales", with the intention of increasing their own usage rate and controlling the pace of shipments to increase profits, and striving to achieve the goal of turning losses around within the year. An insider from a silicon company bluntly stated, 'Now is the critical period to grab profits. Selling one more ton of DMC may result in an additional loss in the fourth quarter.'. ”
From the perspective of overall supply and demand, some individual enterprises have seen a slight increase in inventory this week. Although the appearance of a batch of mainstream DMC orders at the beginning of the month temporarily eased some inventory pressure, the overall silicone market remained in a state of oversupply in November, and continued to face pressure from accumulated inventory in the future.
It is worth noting that some individual enterprises have clearly stated that they will implement production reduction plans in November, and even the OEM orders for professional chemical plants have shrunk. The market is spontaneously regulating, and a silent supply-demand rebalancing is on its way. In the face of the severe challenge of intensified "internal competition" in the current industry, it is urgent to promote the industry out of the predicament through capacity regulation and industry self-discipline.
What kind of market changes does this market trend, which breaks the ten-year tradition, foreshadow? We will continue to monitor.
Rising 400%! Another company in Zhejiang has successfully gone public! On the morning of November 6th at 9:30 am, Daming Electronics kicked off trading on the main board of the Shanghai Stock Exchange. Daming Electronics focuses on the field of automotive electronic components and is a comprehensive solution provider specializing in the design, development, production, and sales of automotive body electronic and electrical control systems. It has gradually achieved independent design and diversified product varieties for the entire series of automotive body electronic and electrical control systems, formed core production process technologies, and achieved industrialization. On the first day of listing, Daming Electronics opened at 61.10 yuan/share, up 386.85% from the issue price of 12.55 yuan/share; The highest reached 75.80 yuan/share during the trading session, up 503.98%; The closing price was 64.45 yuan/share, up 413.55%. On its first day of listing, the total market value of the company once exceeded 30 billion yuan.
Daming Electronics Co., Ltd. has publicly issued 40 million shares at a price of 12.55 yuan per share. The total amount of funds raised from the new shares is 50201.255 million yuan, and the total share capital after issuance is 400 million shares. The main business of Daming Electronics Co., Ltd. is the design, research and development, production, and sales of automotive body electronic and electrical control systems. In 2024, the company achieved a revenue of 2726.990529 million yuan and a net profit of 279.282278 million yuan. The company is located in Wenzhou City, Zhejiang Province.
After going public, we will continue to strengthen research and development, optimize product layout, and continuously consolidate and enhance our core competitiveness. With the help of the capital market, Daming Electronics will accelerate its progress and strive to become a world-class enterprise in the field of automotive body electronic and electrical control