In 2021, the economic operation data of the industry far exceeded the expected operating income and total profit reached a record high

On February 17, the China Petroleum and Chemical Industry Federation released the 2021 China Petroleum and Chemical Industry Economic Operation Report in Beijing
.
The report shows that in 2021, the industry's operating income and profits will reach record highs, reaching 14.
45 trillion yuan and 1.
16 trillion yuan respectively
.
It is expected that the overall economic operation of the industry will be stable in 2022, but the growth rate of major indicators will slow down, and the whole year will show a trend of "low before and then high"
.

In 2021, the economic operation of the petrochemical industry will show three bright spots
.
First, the growth rate of the added value of the industry has picked up
.
In 2021, the industrial added value of enterprises above designated size in the industry will increase by 5.
3% over the previous year, and the growth rate will rebound by 3.
1 percentage points over the previous year
.
The added value of the three major sectors of oil and gas exploration, oil refining and chemical industry all increased to varying degrees
.

Second, the benefits hit a record high
.
In 2021, the industry-wide regulated enterprises will achieve a cumulative operating income of 14.
45 trillion yuan and a total profit of 1.
16 trillion yuan, an increase of 30% and 126.
8% respectively over the previous year, both hitting record highs
.
Among them, the total profit exceeded one trillion yuan for the first time
.

Once again, foreign trade imports and exports maintained strong growth
.
In 2021, the total import and export volume of the whole industry will be 860.
08 billion US dollars, a record high, an increase of 38.
7% over the previous year
.
Among them, the export value was 295.
55 billion US dollars, an increase of 41.
8%; the import value was 564.
54 billion US dollars, an increase of 37.
1%
.

"These data far exceeded expectations
.
On the whole, the characteristics of the economic operation of the industry can be summarized as '4 record highs', '4 increases in quantity', '3 first declines' and 'increase in foreign exchange use'
.
" Vice President of Petrochemical Federation Chang Fu Xiangsheng talked about it in the special report
.

The "four record highs" are operating income, total profit, total profit of the chemical sector, and the profit margin of the chemical sector's revenue reaching record highs
.
Among them, the total profit of the above-standard enterprises in the chemical sector for the year was 793.
22 billion yuan, 31% higher than the best year of the "13th Five-Year Plan"; the profit margin of the chemical sector reached 9.
16% for the first time
.

The "four increase in quantity" refers to the increase of crude oil and natural gas production, crude oil processing volume and its main petrochemical product production, main petrochemical product import and consumption, and the number of enterprises above the designated size
.
The annual crude oil output was 199 million tons, an increase of 2.
4% over the previous year; the natural gas output was 205.
3 billion cubic meters, an increase of 8.
2%
.
The crude oil processing volume exceeded 700 million tons, an increase of 4.
3%; the total output of major chemicals increased by 5.
7%
.
The apparent consumption of refined oil increased by 10.
3%; the import and consumption of ethylene increased by 4.
5% and 16.
9% respectively
.
By the end of 2021, the number of listed enterprises will increase by 908 compared with the end of 2020
.

The "three first declines" are crude oil imports, foreign dependence on crude oil, and imports of major synthetic materials
.
The annual crude oil import was 513 million tons, down 5.
3% from the previous year, which was the first decline after 20 years of continuous increase
.
The foreign dependence on crude oil dropped from 73.
6% in 2020 to 72%
.
The import volume of synthetic resin decreased by 16.
5% compared with the previous year
.

Regarding the trend of the industry's economic operation in 2022, Fu Xiangsheng analyzed that the industry will still face new opportunities in the new year.
If the world economy achieves positive growth, the Chinese economy will continue to be the "locomotive" of the world's economic growth, and the petrochemical industry market space is still huge.

.
However, it also faces many challenges.
The impact of the epidemic will be the biggest factor of uncertainty, and challenges such as increasing downward pressure on the economy, uncertainty in product prices, and supply chain security are also among them
.

In this regard, Fu Xiangsheng pointed out that in the new year, the entire industry should accurately grasp the general keynote of "steady words at the forefront, seeking progress while maintaining stability", highlight the theme of high-quality development, and make every effort to ensure stable supply and stable prices, upgrade and transform traditional industries, and strategic emerging industries.
Cultivation, key core technology research, green and low-carbon development, and the cultivation of modern petrochemical industry clusters are the "six key battles for stable growth"
.