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The price of polyethylene and polypropylene in 2021 will increase significantly compared to the market price in 2020
.
Prices of basic raw materials such as crude oil, coal, and propane rose year-on-year
.
Baofeng Energy
Baofeng EnergyBaofeng Energy (600989) recently released an announcement on the pre-increase of its semi-annual performance in 2021.
It is expected that in the first half of 2021, the net profit attributable to shareholders of listed companies will be 3.
600 billion yuan to 3.
800 billion yuan, an increase of 1.
508 billion yuan compared with the same period last year.
To 1.
708 billion yuan, a year-on-year increase of 72.
08% to 81.
64%
.
The announcement shows that the performance forecast period is from January 1, 2021 to June 30, 2021
.
Baofeng Energy has recently successfully trial-produced metallocene polyethylene, becoming the first private enterprise to enter the ranks of metallocene in China
.
Wanhua Chemical
Wanhua ChemicalIn the first half of 2021, Wanhua Chemical's market value exceeded 300 billion yuan, making it one of the most luxurious polyolefin companies
.
Wanhua Chemical disclosed that according to preliminary calculations by the financial department, it is expected that the net profit attributable to shareholders of listed companies in the first half of 2021 will be 13.
4 billion to 13.
6 billion yuan, an increase of 373% to 380% compared with the same period last year
.
Donghua Energy
Donghua EnergyDonghua Energy released the first-quarter results announcement on the evening of April 27, saying that the revenue in the first quarter of 2021 was about 7.
290 billion yuan, a year-on-year decrease of 21.
92%; the net profit was about 373 million yuan, a year-on-year increase of 39.
24%; the half-year net profit is expected to exceed 7 billion, an increase of about 40% year-on-year
.
Before and after Labor Day, Donghua Energy Ningbo 2 sets of polypropylene plants were put into operation, and the polypropylene scale increased to 1.
6 million tons per year
.
At the same time, the Maoming project is being accelerated, and Donghua Energy officials announced that Maoming will invest in the construction of the acrylonitrile project
.
Donghua Energy's intention to abandon the liquefied gas trade and turn to the new material industry is clear
.
At the same time, the serialization of Donghua Energy's polypropylene products has been launched, and the world's largest polypropylene production enterprise can be expected
.
Satellite Petrochemical
Satellite PetrochemicalSatellite Petrochemical recently released the 2021 semi-annual performance forecast, and it is expected that the performance will rise in the same direction
.
During the reporting period, the net profit attributable to shareholders of the listed company was 1.
86 billion yuan – 2.
26 billion yuan, an increase of 292.
11%-376.
43% over the same period of the previous year; Lianyungang Petrochemical Co.
, Ltd.
, a wholly-owned subsidiary of Satellite Petrochemical, has an annual output of 1.
35 million tons of PE and 2.
19 million tons of PE.
The first-stage project of the EOE and 260,000-ton ACN combined plant project successfully produced qualified products on May 20, 2021 after the materials were put into trial production.
Petrochemical has entered the lineup of polyethylene for the first time.
So far, there are less than 10 private polyethylene production enterprises in China
.
Hengli Petrochemical
Hengli PetrochemicalHengli Petrochemical released a performance forecast for the semi-annual report.
The company expects a sharp increase in performance from January to June 2021.
The net profit attributable to shareholders of the listed company is 8.
500 billion yuan, a year-on-year increase of 54.
07% in net profit
.
As a major private refining and chemical project that has attracted much attention, it has been highly valued by national leaders.
In 2021, Hengli Petrochemical will deeply deploy the degradable material market, which will further boost the company's development
.
Rongsheng Petrochemical
Rongsheng PetrochemicalRongsheng Petrochemical recently released the 2021 semi-annual performance forecast, and it is expected that the performance will rise in the same direction
.
During the reporting period, the net profit attributable to shareholders of the listed company was RMB 6,566,380,000, an increase of 104.
69% over the same period of the previous year
.
The second phase of Zhejiang Petrochemical project is under construction, and the products are planned to enter the market by the end of the year
.
The Chinese version of the "Gulf of Mexico" embraces both domestic and overseas markets, and the future can be expected
.
Kingfa Technology
Kingfa TechnologyKingfa Technology's revenue in the first quarter of 2021 was about 9.
057 billion yuan, a year-on-year increase of 63.
60%; net profit was about 765 million yuan, a year-on-year increase of 438.
79%
.
It is expected that the half-year revenue will exceed 20 billion yuan, and the net profit is expected to exceed 1.
5 billion yuan
.
Kingfa Technology is the largest modified plastic in China.
It has in-depth layouts in the fields of automotive plastics, medical plastics, and degradable materials, and is keen on the layout of new material projects
.
Kingfa Technology will not only acquire Ningbo Haiyue Chemical, but also hold a controlling stake in Bora New Materials, which may become a potential dark horse in the polyolefin field
.
