Reading financial report and looking for the next outlet for the development of chemical enterprises

wallpapers Industry 2020-12-09
The first half of 2015 was an extraordinary year for chemical enterprises. It can be seen from the financial reports of various enterprises that the overall operation of the chemical industry showed a trend of low opening, stable and pressure. With the international oil price bottoming up, the pressure of raw material cost has reversed, the total demand of chemical industry has rebounded, the price has rebounded, the investment has gradually stabilized, especially the enterprise efficiency. According to the statistics of the national development and Reform Commission,

from January to June, the main business income of Industrial Enterprises above Designated Size reached 51820.23 billion yuan, a year-on-year increase of 1.4%; the cost of main business was 44565.3 billion yuan, an increase of 1.5%; The total profit of collective enterprises was 23.53 billion yuan, down 0.1%; that of joint-stock enterprises was 185.26 billion yuan, down 1.7%; that of foreign-funded enterprises, Hong Kong, Macao and Taiwan businessmen was 721.67 billion yuan, an increase of 4.2%; and that of private enterprises was 977.13 billion yuan, an increase of 6.3%. However, as the downward pressure caused by structural overcapacity is still obvious, the industry still needs to take multiple measures to resolve the imbalance between supply and demand in the market.

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reporters have sorted out the financial reports of representative enterprises in the chemical industry in the first half of the year, hoping to provide some reference and help for the development of your enterprise.

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sales in the first half of 2015 increased by 3% to 39.1 billion euro compared with the same period in 2014, although the sales volume of chemicals business decreased slightly. Earnings before interest and tax (EBIT), excluding special items, was EUR 4.1 billion, unchanged from the same period last year. The decline in crude oil prices has hindered earnings in the oil and gas business; the functional materials and solutions and chemicals business areas have made significant performance contributions; the agricultural solutions business has achieved a level with the first half of last year; the performance of the specialty products business and other business areas is lower than the same period in 2014.

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take Sinopec's financial report as an example. In the second quarter (from April 1 to June 30), the net profit attributable to shareholders of listed companies increased by more than 1000% compared with the first quarter of 2015. Such a large increase in performance is not uncommon in the eyes of industry insiders. Sinopec has been in a state of buying high and selling low because of the sharp drop in international oil price, the digestion of inventory in refining and refined oil sales business and the continuous price decline in the domestic oil product market. As a result, Sinopec's performance in last year and the first quarter of this year was extremely poor. From the second quarter of this year, Sinopec turned to buy low Sell high, and this state is normal.

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Bailian released the 2015 half year performance express. The company realized a net profit of 46.5779 million yuan in the first half of this year, with a year-on-year increase of 301.3%, and the earnings per share was 0.24 yuan. According to the data of

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, the operating revenue of Bailian was about 1.334 billion yuan in the first half of the year, with a year-on-year increase of 27%.

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Bailian said that the main reason for the performance growth was the decrease of the prices of main raw materials during the reporting period; on the other hand, the production and sales volume of titanium dioxide, the leading product of the company, were balanced, and the production and sales volume increased compared with the same period last year. At the same time, the company strengthened the production cost control, so that the production cost of the company decreased, resulting in the increase of the gross profit rate of the company's main business.

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chlor alkali chemical industry disclosed the half year performance express report of 2015. The company lost 48.64 million yuan in the first half of the year, and 49.32 million yuan in the same period of last year. From January to June, the operating revenue of chlor alkali chemical industry was 3.171 billion yuan, with a year-on-year increase of 5.71%.

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chlor alkali chemical said that the operating profit loss was mainly due to the fact that the price of ethylene, the raw material of the company, almost reached a historical high in the first half of the year, while the prices of PVC and dichloroethane, the main products of the company, were still at a low historical point.

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Jinpu titanium industry announced that the performance of the first half of the year rose in the same direction, with a net profit of about 64-66 million yuan, a growth rate of 199.74% - 209.1%, and the basic earnings per share of about 0.16-0.17 yuan.

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Jinpu titanium industry explained that the main reason for the performance increase was that the titanium dioxide market demand recovered in the first half of 2015, and the gross profit rate of products increased. During the reporting period, the company's operating income and operating profit maintained a sustained growth. In addition, the company uses idle funds for financial management and obtains a lot of investment income.

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Lubei Chemical Co., Ltd. announced that the company expected to achieve a net profit of about 19.5 million yuan attributable to shareholders of Listed Companies in the first half of 2015, with a year-on-year increase of about 200%. In the same period of last year, the net profit attributable to the shareholders of the listed company was 6.4618 million yuan.

Lubei chemical said that through the technical transformation of various process systems, energy saving and consumption reduction were further realized, and the production costs of main products were greatly reduced. In addition, the market sales prices of chemical fertilizer and bromine products were higher than those in the previous period, and the sales volume increased, so the company's profitability increased rapidly. In addition, the increase in investment income also promoted the company's performance growth.

comments on

in terms of the economic environment, the global economy continued to be weak in the first half of 2015, and the sales growth of various chemical enterprises was weak, which proved this point. But this is also an opportunity, some new products, innovative technology will be developed space. The author thinks that the key for enterprises to achieve rapid development is whether they can improve efficiency, reduce consumption, reduce production costs, and constantly explore and innovate, research and develop new and better products. Looking ahead, although the oil market is expected to improve in the next few quarters due to the growth of global demand, the second half of 2015 is still full of geopolitical and economic uncertainty. Especially since June, the rising trend of price has slowed down, the rising trend of cost has been strengthened, and the market demand has not obviously improved. In this environment, enterprises should formulate a long-term development strategy to promote the steady growth of sales. (source: China Chlor Alkali network)


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