Under the epidemic situation, chemical enterprises have two days of ice and fire

Global Coatings Network News: "The completion and commissioning of the expansion project will help to further expand the company's product market share at home and abroad, and maintain a leading edge in the industry

At present, the four major coal chemical projects in Xinjiang are advancing with a total investment of 100 billion yuan, including the 800,000-ton/year coal-to-olefin project of Xinjiang Shanneng Chemical Co.
, Ltd.
, with a total investment of 19.
8 billion yuan; Xinjiang Dongming Plastic Co.
, Ltd.
800,000 tons/year The annual coal-to-olefin project, with a total investment of 19 billion yuan; the 700,000-ton/year coal-to-olefin project of Yiwu Jiangna New Energy Co.
, Ltd.
, with a total investment of 42.
95 billion yuan; Xinjiang Zhongtai New Materials Co.
, Ltd.
700,000 tons/year coal-to-olefin project Olefin production project with a total investment of 22.
7 billion yuan
.

The performance of listed companies is affected

Before the May 1st holiday, a number of petrochemical and chemical listed companies announced their first-quarter results.
The first-quarter report showed that the performance had increased, but it was affected by the epidemic and the conflict between Russia and Ukraine
.

On April 28, Rongsheng Petrochemical (002493.
SZ) released the first quarter results announcement of 2022.
During the reporting period, the revenue was about 68.
601 billion yuan, a year-on-year increase of 98.
38%; the net profit attributable to shareholders of the listed company was about 3.
116 billion yuan, a year-on-year increase.
An increase of 18.
85%
.
Rongsheng Petrochemical holds 51% of the shares of Zhejiang Petrochemical.
The 40 million tons/year integrated refining and chemical project of Zhejiang Petrochemical is the largest single-scale refining and chemical integration project in the world, and has obvious scale advantages
.
The performance announcement shows that Zhejiang Petrochemical has brought an equity profit of 11.
371 billion yuan to Rongsheng Petrochemical
.

On April 27, Huayi Group (600623.
SH) released the report for the first quarter of 2022.
During the reporting period, it achieved operating income of 9.
568 billion yuan, a year-on-year increase of 10.
58%
.
The net profit attributable to shareholders of listed companies was 671 million yuan, a year-on-year increase of 10.
17%
.

Donghua Energy (002221.
SZ) released the first quarter report of 2022 on April 27.
During the reporting period, the operating income was 6.
986 billion yuan, a year-on-year decrease of 4.
17%, of which propylene and polypropylene operating income was 3.
802 billion yuan, a year-on-year increase of 47.
07%
.
The net profit attributable to shareholders of listed companies was 107 million yuan, a year-on-year decrease of 71.
35%
.
Donghua Energy said that the decline in net profit was mainly due to the insufficient operating rate of downstream factories affected by the epidemic and the decline in terminal demand; on the other hand, the increase in raw material prices affected by the conflict between Russia and Ukraine
.

On April 25, Wanhua Chemical (600309.
SH) released its first quarterly report for 2022
.
During the reporting period, the operating income 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%; the basic earnings per share was 1.
71 yuan
.

Wanhua Chemical said that the increase in operating income was mainly due to the year-on-year growth in sales and prices of the company's main business segments in the first quarter
.
However, due to the sharp rise in global crude oil, natural gas and other basic energy prices, major chemical raw materials and energy costs of European companies rose sharply year-on-year, resulting in a sharp drop in net profit
.

Weiyuan shares (600955.
SH) released the first quarter report of 2022 on April 27.
During the reporting period, the operating income was 1.
977 billion yuan, a year-on-year decrease of 12.
18%; the net profit attributable to the parent was 304 million yuan, a year-on-year decrease of 48.
59%
.
The decline in performance was mainly due to the overhaul of equipment and the increase in the prices of some raw materials
.
In the first quarter, the company's operating cost was 1.
56 billion yuan, a year-on-year increase of 9.
5%
.

It is difficult for small and medium chemical enterprises to survive

Industry insiders told reporters that the production and operation of small and medium-sized chemical enterprises have been affected to a certain extent due to the repeated epidemics and the impact of factors such as poor logistics for a period of time
.

On the afternoon of the 5th, a person in charge of a chemical company in Shandong told a reporter from China Business News on the phone that under the epidemic, many normal production and operation of the company could not be carried out
.
"As far as I know, compared with before the epidemic, the sales of small and medium-sized chemical companies in the surrounding area have declined
.
The main reason is that upstream and downstream are not smooth, freight rates have risen, and transportation costs have risen
.
"

The person in charge said: "After the outbreak, enterprises have taken many epidemic prevention measures and increased a lot of investment
.
These are all done by enterprises themselves
.
"

The CEO of a chemical company in Jiangsu also told Yicai.
com, "Compared with large chemical companies, small and medium-sized chemical companies face a series of problems that are more difficult to solve, such as difficulty in staffing, industrial chain support, and logistics and transportation
.
, we were the first to shut down
.
"

According to industry insiders, a large number of small and medium-sized chemical companies cannot maintain cash flow for more than 3 months
.
If the closure and control cannot be lifted within 3 months, a large number of enterprises will face the risk of bankruptcy
.

In early April this year, the "Guiding Opinions on Promoting the High-Quality Development of the Petrochemical and Chemical Industry during the 14th Five-Year Plan" issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment made it clear that the transformation and upgrading of traditional industries should be accelerated, and new chemical materials and fine chemicals should be vigorously developed.
Chemicals; Accelerate the quality change, efficiency change and power change of the petrochemical and chemical industry
.

Since the outbreak of the epidemic, government departments and financial institutions in many places have issued a number of favorable policies to support industrial enterprises in coping with the impact of the epidemic
.
Kaiyuan Securities' "Chemical Industry Weekly" on May 3 stated that the impact of the epidemic is easing, and the chemical industry is a key part of the manufacturing industry, and the sub-industries damaged by the epidemic may usher in a positive trend
.