Tongkun Group is a Chinese company primarily engaged in the production of chemical fibers and related products. Specializing in the manufacturing of polyester and its derivatives. Tongkun Group has established itself as a significant player in the global textile industry. The company’s operations include the production of raw materials, such as purified terephthalic acid (PTA), and the manufacturing of various polyester products, including fibers and yarns.
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Tongkun Group Key financial highlights:
- Revenue: Tongkun Group’s revenue is influenced by factors such as the demand for polyester and related products in the global textile industry, raw material prices, and overall economic conditions. In previous years, it has reported 9.71 billion U.S. dollars in revenue.
- Profit: One of the significant challenges for Tongkun Group to stay profitable is the volatility in raw material prices, particularly those of purified terephthalic acid (PTA), a key component in the production of polyester. Tongkun Group has historically maintained a considerable net income of 1.11 billion U.S. dollars.
- Tongkun Group has reported 10.05 billion U.S. dollars in assets.
- Tongkun Group’s market value in the investment market is determined by the collective valuation of its outstanding shares, reflecting investor sentiment, financial performance, growth prospects, and broader market conditions. Tongkun Group’s current market value is 5.69 billion U.S. dollars.
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