Recently, the famous consulting organization IHS Markit announced the list of global chemical companies in 2019. Hengli Petrochemical (600346) ranked 27th, up 20 places from last year. It is reported that the list is ranked based on annual chemical product sales, and the top rankings are globally powerful chemical companies such as BASF, Sinopec, and Dow Chemical.
Hengli Petrochemical achieved double leaps in performance in 2019, achieving business throughout the year Revenue was 100.782 billion yuan, breaking through the 100 billion yuan mark for the first time, a significant year-on-year increase of 67.78%; net profit was 10.112 billion yuan, entering the 10 billion yuan range for the first time, a significant year-on-year increase of 197.21%, becoming the first domestic private company with profits exceeding 10 billion yuan Chemical companies.
Since the Hengli 20 million tons/year integrated refining and chemical project was put into full operation in May 2019, the refining and chemical equipment has maintained continuous and stable high efficiency, high load, production and sales. Smooth running condition. As the first domestic modern refinery with a capacity of more than 20 million tons built at one time, Hengli Refining and Chemical has internationally leading and domestic first-class process technology and equipment processing scale. It has excellent and complete industrial supporting capabilities that are difficult to replicate in China and is industry-leading. The comprehensive competitive advantage is outstanding and has become the main source of the company’s current profit structure and the main driving force for performance growth.
2020 is the second big year for Hengli Petrochemical to promote the production capacity of the entire industry chain and a critical period to achieve the improvement of the entire industry chain. Under the special macro environment in the first half of the year, the company’s performance reached a new high, achieving operating income of 67.358 billion yuan, a year-on-year increase of 59.11%; net profit attributable to shareholders of listed companies was 5.517 billion yuan, a year-on-year increase of 37.20%.
In July this year, the company’s wholly-owned 1.5 million tons/year ethylene project officially reached full production and will begin to contribute profits in the third quarter of this year. Hengli’s 1.5 million tons/year ethylene plant is the largest in the world. The ethylene raw materials used are basically all supplied by upstream refineries. The designed ethylene yield is 48% and the diene yield is 60%, ranking among the highest levels in the world. It can maximize its use The scale and integration advantages of refining and chemical integration enable us to “eat everything and make the best use of everything”, thereby increasing the added value of the company’s chemical business segment and the company’s mid- to long-term profit center.
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