echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Resin News > Interpretation of 2010 China Top 500 Chemical Industry

    Interpretation of 2010 China Top 500 Chemical Industry

    • Last Update: 2021-03-31
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    [China Epoxy Network (China Epoxy Industry Online)July 15, 2010 News: The China Chemical Industry Management Association organized the selection of 2010 China's top 500 chemical companies recently.
    According to experts from the China Epoxy Industry Association ( the top 500 companies are generated according to the 2009 operating income ranking.
    In the context of continuing to respond to the global financial crisis in 2009, these companies have become an important force leading the entire industry out of difficulties and steadily recovering, which is particularly eye-catching.
    According to Wang Yinhai, chairman of the China Chemical Industry Management Association, the overall strength and minimum threshold of the top 500 have been improved compared with the previous year.
    CCIN reporter's survey learned that, no matter from the change of ranking or the analysis of economic situation, the top 500 companies are undergoing many gratifying changes.
    As leading companies continue to grow bigger and stronger, their overall strength has increased, and their backbone role in the entire industry has become more and more obvious.
    In 2009, the top 500 chemical companies achieved 1.
    70 trillion yuan in revenue from their main businesses, an increase of 11.
    8% over the previous year's top 500, and 2.
    3 percentage points higher than the 9.
    5% increase in the entire chemical industry.
    The entry threshold for the top 500 companies is 673 million yuan, an increase of 12% over the previous year.
    The average main business income of these companies was 3.
    39 billion yuan, an increase of 11.
    8% over the previous year.
    At the same time, the scale of the company has grown, showing a concentration advantage: the number of companies with main business income of more than 10 billion yuan is 28, an increase of 1 over the previous year; the number of companies with 5 billion to 10 billion yuan has increased by 5 over the previous year; The number of companies with a value of 1 billion to 5 billion yuan increased by 42 from the previous year; the number of companies with a value of less than 1 billion yuan decreased by 48 from the previous year.

     

        According to experts from China Epoxy Epoxy Industry Association ( among the top ten companies among the top 500 companies, there are Hubei Yihua Group Co.
    , Ltd.
    , Yuntianhua Group Co.
    , Ltd.
    , and Shandong Haihua Group Co.
    , Ltd.
    , Shandong Lubei Enterprise Group Corporation, Jiangyin Chengxing Industrial Group Co.
    , Ltd.
    , Binhua Group Co.
    , Ltd.
    , Jiangsu Sanfangxiang Group Co.
    , Ltd.
    , Zongheng Holding Group Co.
    , Ltd.
    , Xuyang Coal Chemical Group Co.
    , Ltd.
    , Shantou Bo Holdings Development Co.
    , Ltd.
    These companies have performed well in the test of the financial crisis, and their leading positions in their respective industries have become more and more stable.
    The top-ranked Yihua Group's main business revenue in 2009 reached 30.
    55 billion yuan, an increase of nearly 60 million yuan over the Yuntianhua Group, which ranked first in the previous year.
    Yihua has become a "chemical giant ship" with total assets of 40 billion yuan, more than 40 corporate entities, 2 listed companies, 5 Sino-foreign joint ventures, and more than 50,000 employees.
    It earns 200 million US dollars in foreign exchange annually.
    In 2010, sales revenue is expected to exceed 40 billion yuan.
    The pillar industries that Yihua focuses on developing fertilizers, chemicals, and mine development are all in a leading position in the country.
    For example, the production capacity of soda ash is 2.
    5 million tons, which is China's largest combined soda chemical production enterprise; with an annual output of 1 million tons of polyvinyl chloride and 1 million tons of caustic soda.
    , 1.
    2 million tons of calcium carbide, is also China's largest chlor-alkali chemical production enterprise.

     

        Although Yuntianhua Group retreated to second place this time, it is still an important force leading the chemical fertilizer, fiberglass and other industries to turn losses and get out of trouble.
    Encouragingly, in the fourth quarter of 2009, Yuntianhua Group ended the passive situation of losing money for 13 consecutive months and realized profit for the current period; its subsidiary Chongqing Fiberglass Company achieved a full turnaround and took the lead in achieving profitability in the industry; affected by the financial crisis The most serious Yuntianhua International also achieved current profit in the fourth quarter of 2009, which indicates that the group has bottomed out and stabilized.
    Affected by the financial crisis, coke prices fell in 2009, and domestic coking companies generally suffered losses.
    In this context, Risun Coal Chemical Group, ranked ninth among the top 500 chemical companies, achieved an annual turnover of 14.
    2 billion yuan in 2009 on the basis of a turnover of 13.
    832 billion yuan in 2008.
    Now, Risun has put forward the goal of becoming the world's largest supplier of coal chemical products.
    Some of the top 500 companies have developed strongly, and a number of companies have risen sharply.
    Among them, 5 companies rose by more than 200 places.
    According to experts from China Epoxy Industry Association ( Jiangsu Yangnong Chemical Group Co.
    , Ltd.
    rose from the 424th place in the previous year to the 125th place; Shandong Bluestar Dongda Chemical Co.
    , Ltd.
    rose from the previous year’s 392 rose to 101; Shaanxi Weihe Coal Chemical Co.
    , Ltd.
    rose to 41 from 291 in the previous year; Jiangsu Debang Chemical Industry Group Co.
    , Ltd.
    rose to 57 from 267 in the previous year; Adisseo Life Sciences ( Shanghai) Co.
    , Ltd.
    rose from 273 in the previous year to 49.

     

        They are increasingly shining stars in the industry.
    According to experts from the China Epoxy Industry Association ( the relevant person in charge of Jiangsu Yangnong Chemical Group stated in an interview that in 2009, Jiangsu Yangnong Chemical Group Co.
    , Ltd.
    achieved "another new Yangnong "The goal.
    In 2009, Yangnong Group achieved sales revenue of 4.
    13 billion yuan and profit of 290 million yuan.
    At present, they have dozens of products to fill the domestic gap.
    At the same time, as market competition continues to intensify, the scale gap between the top 500 companies is also narrowing.
    The income from the main business of Yihua Group ranked first was 44 times that of the 500th place, compared with 49 times the previous year; the average income of the main business of the top 10 enterprises was 29 times the average income of the bottom 10 , Compared to 32 times last year.
    With the ever-increasing competition in the market, dominant companies have formed a trend of catching up.
    If companies want to maintain their leading position, they must improve their internal management level and efficiency to form fist competitiveness.
    Facts have proved that they either adopt a global strategy to expand their scale; or they rapidly expand through mergers and acquisitions to reduce costs; or they focus on their core areas and keenly seize growth opportunities.
    These are also the only way for the development and growth of enterprises.

     

    (Our reporter Wu Xi)

     

    Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
    English name: E- .


    cn , the Chinese domain name: China Net epoxy .



    .
    cn .
    CN .
    China .
    cn
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.