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    Home > Chemicals Industry > China Chemical > "Chemical Mao" Wanhua Chemical's first-quarter net profit was 5.37 billion

    "Chemical Mao" Wanhua Chemical's first-quarter net profit was 5.37 billion

    • Last Update: 2022-05-20
    • Source: Internet
    • Author: User
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    [ Star Enterprise of Chemical Machinery and Equipment Network ] Recently, Wanhua Chemical disclosed the first quarter report of 2022
    .
    In the first quarter, the company's net profit fell by nearly 20% when its operating income increased by more than 30%
    .
    Chemical Machinery Equipment Net Star Enterprise Chemical Machinery Equipment
     
    Specifically, the operating income in the first quarter was 41.
    784 billion yuan, a year-on-year increase of 33.
    44%; the net profit was 5.
    374 billion yuan, a year-on-year decrease of 18.
    84%
    .

     

    Regarding the decrease in operating profit and profit in the first quarter, Wanhua Chemical said that the increase in operating income was mainly due to the increase in product prices and sales in the current period; the decline in net profit was mainly due to the increase in operating costs due to the increase in raw material prices in the current period
    .

     

    Wanhua Chemical disclosed that due to the sharp rise in global crude oil, natural gas and other basic energy prices, the company's main chemical raw materials and energy costs of European companies rose sharply year-on-year.
    The operating cost in the first quarter was 33.
    197 billion yuan, an increase of 51.
    30% year-on-year
    .

     

      On the same day, Wanhua Chemical also disclosed the main operating data announcement for the first quarter of 2022
    .
    Among them, the price fluctuations of main raw materials in the first quarter showed that the average price of pure benzene increased by 42.
    83% year-on-year, the average price of 5,000 kcal coal increased by about 70% year-on-year, the average price of propane CP increased by 35% year-on-year, and the average price of butane CP increased by 41% year-on-year
    .

     

      Spending 100 million yuan, a number of new material projects started
     

      Although Wanhua Chemical's net profit in the first quarter dropped by nearly 20%, after its first revenue exceeded 100 billion yuan in 2021 and its net profit exceeded 24.
    6 billion yuan, Wanhua Chemical invested 100 million yuan to build a number of new material projects this year
    .

     

      According to incomplete statistics, Wanhua Chemical invested and built 3 projects in April alone
    .

     

      In early April, Wanhua Chemical said that the company plans to build a high-performance new material integration and supporting project in Wanhua Chemical Penglai Industrial Park through its holding subsidiary Wanhua Chemical (Penglai) Co.
    ,
    Ltd.

     

      Penglai Industrial Park has completed a planned investment of 23.
    1 billion yuan
    .
    Mainly construct 900,000 tons/year propane dehydrogenation, 500,000 tons/year polyether, 400,000 tons/year POCHP, 300,000 tons/year polypropylene, 300,000 tons/year EO, ​​300,000 tons/year EOD, acrylic acid and Esters (160,000 tons/year acrylic acid, 160,000 tons/year butyl acrylate, 20,000 tons/year octyl acrylate), 200,000 tons/year carbonate ester, 30,000 tons/year emollient, air separation and other devices and Supporting public works and auxiliary facilities,
    etc.

     

      During the same period, Wanhua Chemical's special copolycarbonate (PC) project was successfully put into production, and the first high silicon content (20%) siloxane PC product was officially launched
    .

     

      This is Wanhua Chemical's first industrialized product in the field of special engineering plastics.
    The successful production of the special copolymer PC project promotes the development of Wanhua Chemical's PC industry chain.
    The siloxane copolymer PC product is one of the special copolymer PC series products.
    A flexible siloxane segment is obtained, which has performance characteristics such as low temperature toughness, fluidity, UV aging resistance, flame retardancy, and electrical insulation
    .
    It has been widely used in many emerging fields
    .

     

      In addition, siloxane PC with low temperature toughness, flame retardancy and aging resistance is also suitable for charging gun shells of new energy vehicles; it has mature applications in the field of photovoltaic connectors; its wave transmittance and weather resistance also make It becomes the choice of 5G base station housing material
    .

     

      Also in April, Wanhua Chemical (Fujian) Co.
    , Ltd.
    invested a total of 2.
    73 billion yuan in an aniline project with an annual output of 1.
    08 million tons.
    The project is located in the Lingang Industrial Zone (the existing factory area) in the west of the Jiangyin Gangcheng Economic Zone in Fuzhou
    .

     

      On February 7 earlier, as the third largest production base after Yantai and Ningbo, Wanhua Chemical (Fujian) Co.
    , Ltd.
    has an annual output of 800,000 tons of PVC (polyvinyl chloride) projects and an expansion of 250,000 tons/year of TDI.
    The project started at the same time
    .

     

      Promote low-carbon development and release the 2021 Sustainability Report
     

      In terms of promoting green and sustainable development, Wanhua Chemical also made a lot of efforts last year
    .

     

      A few days ago, it released a report on sustainable development, which introduced the company's upgrade and iteration of new chemical materials from the aspects of resource recycling, energy saving and consumption reduction, bio-based product application, and new energy material application, and continued to optimize the energy structure.
    Low-carbon development of the industry
    .

     

      Original title: The price of raw materials has risen, and it has dropped by nearly 20% in the first quarter! "Chemical Mao" Wanhua Chemical's first-quarter net profit was 5.
    37 billion
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