Hengli Petrochemical (600346) disclosed its 2021 interim report on the evening of August 16. The company achieved operating income of 104.574 billion yuan in the first half of 2021, a year-on-year increase of 55.25%, and a net profit attributable to shareholders of the listed company of 8.642 billion yuan. , a year-on-year increase of 56.65%.
In recent years, Hengli Petrochemical has continuously improved its upstream “big chemical industry” development platform through a series of key projects with high starting point planning and high-standard construction. Currently, it has built a 20 million tons of crude oil and 5 million tons of raw coal processing capacity as the starting point. The main output includes 4.5 million tons of PX, 1.2 million tons of pure benzene, 16.6 million tons of PTA (5 million tons of capacity under construction), 1.8 million tons of fiber-grade ethylene glycol, 85 10,000 tons of polypropylene, 720,000 tons of styrene, 400,000 tons of polyethylene, 140,000 tons of butadiene, 750,000 tons of methanol, 400,000 tons of acetic acid and 300,000 tons of pure hydrogen, transporting and It reserves various upstream raw material products with high added value that are in short supply domestically, and has the scarce capacity to develop a world-class petrochemical platform.
As for the reasons for the growth in half-year performance, Hengli Petrochemical said that it benefited from the rise in crude oil prices and the recovery of terminal consumption, superimposed on overseas Orders have returned, and the prices and spreads of various major chemicals produced by refining, coalification, and ethylene units in the upstream of the industry have maintained and fluctuated within a strong range, supporting the stability and growth of corporate profits. At the same time, new chemical materials products in the downstream industry have also benefited from the push of raw material costs and terminal recovery, and their profitability has accelerated.
Recently, Hengli Petrochemical has continued to make efforts in the field of new materials. The company has a total planned investment of more than 24.2 billion yuan to build a project with an annual output of 800,000 tons of functional polyester film and functional plastics, a project with an annual output of 450,000 tons of PBS biodegradable plastics, a 1.5 million tons/year green multi-functional new textile material project and Supporting projects of new chemical materials to further expand the downstream new material industry. At the same time, the company is rapidly deploying new energy material business areas such as lithium battery diaphragms. At present, it has substantially started various preparations for the construction of new lithium battery diaphragm product production capacity, including diaphragm equipment procurement negotiations and core talent market recruitment, etc., with “constant speed” “Promote the progress of this business quickly and efficiently. </p
