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Hengli Petrochemical's revenue exceeded 152.3 billion last year, and made another 4.1 billion in the first quarter of this year

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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Hengli Petrochemical Co.
, Ltd.
disclosed its 2020 performance report.
During the reporting period, Hengli Petrochemical achieved operating income of 152.
397 billion yuan, a year-on-year increase of 51.
21%; net profit attributable to shareholders of listed companies was 13.
462 billion yuan, a year-on-year increase of 34.
29%

Regarding the main reason for the pre-increase in performance, Hengli Petrochemical explained that during the reporting period, due to the increase in crude oil prices and the impact of extreme overseas weather, the prices of domestic chemical products continued to rise, and the profitability of the 20 million tons/year integrated refining and chemical project was greatly improved.
; The ethylene project with an annual output of 1.
5 million tons was commercialized in the third quarter of 2020 and began to contribute profits to the listed company; downstream terminal consumption continued to recover, the industry boom continued to pick up, and the company's downstream polyester segment demand improved significantly

Industry insiders believe that the refining-chemical integration project gives private large refining and chemical companies the ability to deeply adjust their product structure in order to obtain higher profits

Hengli Petrochemical has a production capacity of 1.
5 million tons/year of ethylene, 400,000 tons/year of HDPE, 850,000 tons/year of PP, 11.
5 million tons/year of PTA, and over 3 million tons of polyester production capacity, of which about 1.
75 million tons of civilian filaments Production capacity, there are still 1.
45 million tons of filament production capacity under construction, and it is expected to be put into operation in batches in 2021 and later.
Hengli Petrochemical's existing polyester production capacity exceeds 2.
1 billion yuan.
After the planned production capacity is put into production, the excess profit is expected to reach 28.
6 billion

According to public information, Hengli Petrochemical was established in 1999.
Its main business covers petroleum refining, petrochemicals, aromatics, olefins, PTA, ethylene glycol, civil silk, industrial silk, engineering plastics and other fields.
Large-scale industrial bases have been established in five places including Nantong, Nantong and Yingkou

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