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On the evening of July 14, Rongsheng Petrochemical released its semi-annual performance forecast.
The company expects to achieve a net profit of 6.
566 billion yuan attributable to shareholders of listed companies in the first half of the year, a year-on-year increase of 104.
69% compared with 3.
208 billion yuan last year
.
Entering 2021, the company's Zhejiang Petrochemical Phase II project, Yisheng New Material PTA project, Yongsheng Technology polyester film expansion project, and Shengyuan Phase II project are also gradually advancing
.
The Zhejiang Petrochemical Phase II high-pressure polyethylene project is accelerating the construction progress, making every effort to ensure that the project achieves the high-standard delivery target on schedule
.
As of July 10, the steel structure installation of the high-pressure polyethylene unit of the Zhejiang Petrochemical Phase II project has been successfully completed, 716 sets of equipment have been installed, and construction tasks such as welding of 504,000-inch diameter process pipelines have been completed.
The safety, quality and progress of the project construction are all in the controlled state
.
The main industrial layout of Rongsheng Petrochemical can be divided into three sectors
.
The first part is the polyester (PET) manufacturing sector in the middle and downstream of the industry.
PET products can also be divided into three categories: chemical fiber, bottle flakes and film.
Production of polyester filament, Hainan Yisheng and Yisheng Dahua produce polyester chips and bottle chips, and Yongsheng Technology produces polyester film
.
The second part is the mid-to-upstream PX-PTA manufacturing sector of the industry, which is mainly produced and sold by China Gold Petrochemical and Yisheng subsidiaries
.
The third part is the refining and chemical integration project, which is invested and constructed by the company's holding subsidiary Zhejiang Petrochemical Co.
, Ltd.
(hereinafter referred to as "Zhejiang Petrochemical").
The second-phase unit has also been put into operation in November 2020
.
