Petrochemical listed companies seek high-quality development paths

On August 4, the 2022 Seminar on High Quality Development of Petroleum and Chemical Listed Companies was held in Chongqing
.
It is understood that the current hard constraints on the development of petrochemical listed companies such as cost, resources, and environment are constantly increasing.
It is urgent to comply with the development trend of the industry, grasp the foundation, strengthen the main business, cultivate long-term development, strengthen resilience, and improve governance, competitiveness, innovation, and innovation.
Ability to resist risk and return
.

In recent years, the number of listed companies in China has grown steadily, their vitality has been continuously improved, their research and development investment has continued to increase, their governance systems have been basically complete, and their dividend levels have steadily improved
.
According to statistics, as of the end of July this year, there were 4,967 listed companies in Shanghai and Shenzhen, an increase of more than 30% from the end of 2018
.
Among them, there are 544 listed petrochemical companies, accounting for more than 10%
.

In addition, the level of ESG management and information disclosure of listed companies has been continuously improved
.
According to statistics from the China Association of Listed Companies, as of April 30, 2022, the number of A-share listed companies that disclosed ESG-related reports was 1,408, a year-on-year increase of more than 20%
.
Among them, the disclosure ratio of the petroleum and petrochemical industry is higher than 50%, which is much higher than the average report disclosure ratio of A shares of 30.
18%
.

"In the promotion of high-quality development, some petrochemical listed companies still have problems such as non-standard governance, ESG and other information disclosure, and low operational quality
.
Especially in the context of the current new crown pneumonia epidemic and the conflict between Russia and Ukraine, the global industrial chain supply chain is affected by The impact, unstable and uncertain factors have increased significantly, and the development of China's chemical industry has been seriously affected
.
This will hinder the healthy and stable development of the capital market
.
" Wang Yong, deputy general manager of China Chemical Industry News Co.
, Ltd.
, said in his speech
.

In this regard, Zheng Baoshan, deputy dean of the Petroleum and Chemical Industry Planning Institute, suggested that in the face of the current new situation and new tasks, listed petrochemical companies should build development space with green and low carbon, seek new life in the industry through technological innovation, and open up and share plastic double chains.
Safety, enjoy the industrial ecology with safety coordination
.

Pan Chunsheng, member of the party committee and vice president of the China Association of Listed Companies, said that in order to promote the improvement of the quality of listed companies, the association will do a good job of communicating between listed companies and regulatory authorities, strengthen the main position of self-discipline management of listed companies, and build mutual learning among listed companies.
It is an important communication platform and an important window to display the results of high-quality development
.

In the context of the "double carbon" goal, how can listed petrochemical companies ensure high-quality development to the greatest extent possible? In this regard, Li Yongliang, deputy director of the Industrial Development Department of the China Petroleum and Chemical Industry Federation, proposed four paths in the video link: first, put energy conservation in the first place and vigorously improve energy efficiency; second, promote a clean and low-carbon energy structure; third It is to improve the supply level of high-end petrochemical chemical products; the fourth is to accelerate the development of carbon dioxide capture, utilization and storage projects, and carbon dioxide used as raw materials to produce chemical products
.

Experts in the industry actively offer advice and suggestions on issues such as legal disclosure and management of environmental information and overseas mergers and acquisitions that are concerned by listed companies
.

Jia Zhen, an associate researcher at the Environmental Planning Institute of the Ministry of Ecology and Environment, believes that, combined with the environmental information disclosure system, companies should adopt online and intelligent tools to collect and monitor environmental data, and improve environmental management through historical data and peer benchmarking.
level
.

Ma Yiyuan, deputy general manager of CICC’s Investment Banking Department, said that listed companies should conduct due diligence, determine valuation methods, domestic ODI approvals, investment and financing plans, and follow-up integration for overseas mergers and acquisitions, and pay special attention to whether overseas mergers and acquisitions constitute major assets.
Restructuring, key concerns of securities regulators, disclosure and confidentiality requirements,
etc.

At the meeting, Meng Jing, deputy editor-in-chief of China Chemical Industry News Co.
, Ltd.
, summarized the phased results of the research on high-quality development of listed petroleum and chemical companies, introduced the current investment hotspots and ESG disclosure of listed petrochemical companies, and pointed out that talent shortages, Issues such as the mismatch between share price and market capitalization have yet to be further resolved
.

Zhang Jian (top left), manager of the Shanghai Stock Exchange, and Chai Qinhu (bottom left), chief analyst of the chemical industry of Guolian Securities, gave reports on "Supervision Concepts and Practices of Compliance Disclosure of Listed Companies" and "Several Cases of Transformation and Upgrading of Chemical Enterprises"
.
Jiang Lijun (top right), deputy technical director of Chongqing General Industry (Group) Co.
, Ltd.
, and Qiu Xiaofeng (middle right), chief engineer of Hangzhou Dongri Energy Conservation Technology Co.
, Ltd.
, shared the cases of enterprises helping the industry to save energy and reduce emissions
.
Ma Chao (bottom right), sales director of the chemical industry of Zhenkunhang Industrial Supermarket (Shanghai) Co.
, Ltd.
, introduced the construction of the digital procurement system
.

Liu Weidong, General Manager of Nantong Jiangshan Pesticide Chemical Co.
, Ltd.
, Chen Yanggui, Chairman of Zhejiang Dayang Biotechnology Group Co.
, Ltd.
, Liu Yang, Secretary of the Board of Directors of Anhui Jinhe Industrial Co.
, Ltd.
, Zhang Qi, Secretary of the Board of Directors of Hangzhou Grinda Electronic Materials Co.
, Ltd.
, and Suzhou Shiming Wang Yan, Vice President of Science and Technology Co.
, Ltd.
, held a round-table dialogue on "Aiming for high quality and shaping new advantages"
.

The conference was hosted by China Chemical Industry News Co.
, Ltd.
, co-organized by Chongqing General Industry (Group) Co.
, Ltd.
, and supported by Zhenkunxing Industrial Supermarket (Shanghai) Co.
, Ltd.
and Hangzhou Dongri Energy Saving Technology Co.
,
Ltd.