In the first half of this year, the international macroeconomic situation is not optimistic for the rubber additives industry. The rapid rise in international crude oil prices has risen from US$90/barrel to US$110/barrel, an increase of more than 20%, resulting in a rise in raw material prices. At the same time, domestic and foreign competitors have gradually expanded their production capacity and put them into production. The entire industry is facing a situation of overcapacity, and market competition has become increasingly fierce.

At the same time, the price of natural rubber, an important raw material for downstream rubber tire enterprises, has risen from more than 28,000 yuan / ton to a sky-high price of more than 40,000 yuan / ton, resulting in a downturn in the domestic rubber tire industry. Many enterprises have shut down and passively respond to cost pressures. . The depression of the downstream industry has brought great difficulties to the sales of Jiangsu Sennics rubber additives. Under the unfavorable situation, under the leadership of CEO and CFO Cai Zhengqi, Jiangsu Sennics worked closely with the entire production, supply and marketing links. challenges.

In the development of overseas markets, Jiangsu Sennics has achieved new breakthroughs, with overseas sales increasing by nearly 40%. Its overseas business has made new progress, successively obtained orders from the world's top ten rubber tire manufacturers, and has successfully established business relationships with the world's top ten rubber tire manufacturers.