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Wanhua Chemical's 1 million ton ethylene project is progressing smoothly and is expected to be officially put into operation in the fourth quarter.
Wanhua Chemical's 1 million ton ethylene project is progressing smoothly and is expected to be officially put into operation in the fourth quarter.
The project mainly constructs an ethylene plant with an annual output of 1 million tons and downstream derivative products, with outstanding cost advantages.
The historical backtest result of the profit center of the ethylene project is 2.
763 billion yuan: Using the historical backtest method, the profit center of Wanhua Chemical’s ethylene project is estimated to be about 2.
763 billion yuan, and the cash flow center is about 4.
023 billion yuan.
Based on net profit and a cash balance of about 4.
5 billion at the end of the period, the commissioning of the ethylene project will bring about a 30% increase in the company's performance (long-term annualized), and will also greatly supplement the company's cash flow (long-term annualized).
