Summary of Financial Results for the World’s Top 50 Chemical Companies in FY2022

Sinochem International achieved operating revenue of RMB 87.449 billion in 2022, an increase of 8.25% year-on-year; net profit attributable to shareholders amounted to RMB 1.311 billion, down 39.15% year-on-year. Yuntianhua achieved operating revenue of RMB 75.313 billion in 2022, up 19.07% year-on-year; net profit attributable to shareholders totaled RMB 6.021 billion, up 65.33% year-on-year. Dongfang Shenghong achieved operating revenue of RMB 63.822 billion in 2022, up 21.13% year-on-year; net profit attributable to shareholders stood at RMB 548 million, down 88.02% year-on-year. Tongkun Group achieved operating revenue of RMB 61.993 billion in 2022, up 4.79% year-on-year; net profit attributable to shareholders was RMB 130 million, down 98.26% year-on-year. Zhongtai Chemical achieved operating revenue of approximately RMB 55.911 billion in 2022, down 11.1% year-on-year; net profit attributable to shareholders was approximately RMB 714 million, down 74.02% year-on-year. Xinfengming achieved operating revenue of approximately RMB 50.787 billion in 2022, up 13.44% year-on-year; net profit attributable to shareholders was a loss of approximately RMB 205 million, down 109.09% year-on-year. Kingfa Science & Technology achieved operating revenue of RMB 40.412 billion in 2022, up 0.53% year-on-year; net profit attributable to shareholders was RMB 1.992 billion, up 19.89% year-on-year. Huayi Group achieved operating revenue of RMB 38.511 billion in 2022, down 2.97% year-on-year; net profit attributable to shareholders was RMB 1.281 billion, down 56.83% year-on-year. Saudi Basic Industries Corporation (SABIC) reported a 28% year-on-year decline in net profit to SAR 16.53 billion (approximately RMB 30.4 billion); sales revenue rose 13% year-on-year to SAR 198.47 billion (approximately RMB 36.49 billion). LG Chem reported net profit of KRW 2.2 trillion (approximately USD 1.8 billion) in 2022, down 44.5% year-on-year; sales reached KRW 51.87 trillion, up 21.7% year-on-year. Lotte Chemical reported sales of KRW 22.28 trillion in 2022, up 22.9% year-on-year; net profit was KRW 41 billion, down 97.1% year-on-year. Hanwha Solutions reported sales of KRW 13.6 trillion and operating profit of KRW 966.2 billion in 2022, up 27.3% and 30.9%, respectively, year-on-year. Net profit declined 38.7% year-on-year to KRW 378 billion, due to losses incurred by its naphtha cracker subsidiary. Nippon Paint Holdings Co., Ltd. achieved revenue of JPY 1.309 trillion (approximately RMB 6.7676 billion) in 2022, up 31.1% year-on-year; net profit attributable to owners of parent was JPY 79.4 billion (approximately RMB 410.4 million), up 19.3% year-on-year. Indorama Ventures reported revenue of USD 18.7 billion in 2022, up 28% year-on-year; core EBITDA was USD 2.3 billion, up 31% year-on-year. II. Europe BASF reported sales growth of 11.1% year-on-year to EUR 87.3 billion; earnings before tax and special items declined 11.5% year-on-year to EUR 6.9 billion; net income was negative EUR 627 million, compared with EUR 5.5 billion in 2021.

First-Quarter Financial Results Released by the World’s Top 50 Chemical Companies

Recently, domestic and international chemical enterprises have released their first-quarter financial results for this year. The performance of major chemical companies remains largely positive, with only a few reporting declines in net profit. Asia Rongsheng Petrochemical achieved operating revenue of RMB 68.601 billion in Q1 2022, up 98.38% year-on-year; net profit attributable to shareholders was RMB 3.116 billion, up 18.85% year-on-year. Hengli Petrochemical achieved operating revenue of RMB 53.397 billion in Q1 2022, up 0.31% year-on-year; net profit attributable to shareholders was RMB 4.223 billion, up 2.71% year-on-year. Wanhua Chemical achieved operating revenue of RMB 41.784 billion in Q1 2022, up 33.44% year-on-year; net profit was RMB 5.374 billion, down 18.84% year-on-year. Hengyi Petrochemical reported Q1 2022 revenue of RMB 33.253 billion, up 7.63% year-on-year; net profit was RMB 732 million, down 39.36% year-on-year. Sinochem International reported Q1 2022 operating revenue of RMB 18.844 billion, up 8.17% year-on-year; net profit attributable to shareholders was RMB 394 million, up 30.33% year-on-year. Zhongtai Chemical reported Q1 2022 operating revenue of RMB 15.005 billion, down 32.51% year-on-year; net profit attributable to shareholders was RMB 442 million, down 39.73% year-on-year. Dongfang Shenghong reported Q1 2022 operating revenue of RMB 13.773 billion, up 23.58% year-on-year; net profit attributable to shareholders was RMB 688 million, down 53.72% year-on-year. Yuntianhua reported Q1 2022 operating revenue of approximately RMB 14.962 billion, up 13.28% year-on-year; net profit attributable to shareholders was approximately RMB 1.646 billion. Tongkun Group reported Q1 2022 operating revenue of RMB 12.994 billion, up 16.72% year-on-year; net profit attributable to shareholders was RMB 1.503 billion, down 12.45% year-on-year. Saudi Basic Industries Corporation (SABIC) reported Q1 2022 revenue of SAR 52.64 billion (approximately USD 14.04 billion), up 40% year-on-year; quarterly net profit was SAR 6.47 billion, compared with SAR 4.86 billion in the same period last year. LG Chem reported Q1 2022 sales of KRW 11.6081 trillion (approximately USD 9.29 billion), up 20.4% year-on-year and 6.0% quarter-on-quarter; operating profit was KRW 1.0243 trillion, down 27.3% year-on-year but up 36.9% quarter-on-quarter. Lotte Chemical reported Q1 2022 sales of KRW 5586 billion (approximately USD 4.47 billion), versus KRW 4168 billion in the same period last year; quarterly operating profit was KRW 83 billion, versus KRW 624 billion in the same period last year; quarterly net profit was KRW 117 billion, versus KRW 538 billion in the same period last year. Nippon Paint Holdings (Nippon Paint) reported Q1 2022 revenue of JPY 284.096 billion (approximately USD 2.22 billion), versus JPY 222.678 billion in the same period last year, up 27.6% year-on-year. Net profit attributable to owners of parent was JPY 18.072 billion, versus JPY 16.342 billion in the same period last year.

Lotte Fine Chemical posts higher revenue but lower profit

10 hours ago

Lotte Fine Chemical reported an 18.5% Q3 revenue rise to 525.3 billion won, but profits dropped 14% due to lower global prices for caustic soda and epichlorohydrin. Cellulose ether sales for food and pharma applications also declined.

chemweek

2026-10-30

Lotte Fine Chemical posts higher revenue but lower profit

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