The Synthetic Resin Auxiliary Equipment Application Technology Exchange Conference was held recently in Chengdu. Zhao Jungui, vice president of the China Petroleum and Chemical Industry Federation, said at the meeting that from January to August, China's petrochemical industry realized a total output value of 7.85 trillion yuan, a year-on-year increase of 10.4%, showing growth, import and export, and a drop in profits, costs and losses. The increase in the amount of investment and investment growth. "Overall, China's petrochemical industry has gradually begun to shift from high-speed to medium-speed growth, from the extension to the connotative growth, and from the extensive to the fine-grained growth," Zhao Jungui pointed out.
Analyze the reasons for the industry's growth rate, import and export, and the “three declines†in profits. Zhao Jungui said that this is due to the sharp decline in profits of the three major sub-sectors of basic chemical raw materials, synthetic materials, and specialty chemicals. “The output value scale of these three sub-sectors The total profit and profits accounted for nearly 70% of the industry's total size, and in particular, the profits of the composite materials manufacturing industry from January to July decreased by 52.8% year-on-year, the first drop in the chemical industry.
At the same time as the "three reductions," the industry also presented the trend of "three-liters" in terms of cost, loss, and investment growth. Zhao Jungui said that from January to July, the cost of sales in the petrochemical industry increased by 12% year-on-year; the number of loss-making enterprises in the industry was 4,246, an increase of 28.2% year-on-year, and the loss was 15.9%; the loss of loss-making enterprises was 106.09 billion yuan, a year-on-year increase of 75.1%. In terms of investment, from January to August, the industry's investment in fixed assets was 1.06 trillion yuan, a year-on-year increase of 28.9%, and the rate of increase was 10 percentage points higher than that of the same period of last year. In particular, investment in the synthetic material sector was growing rapidly.
Zhao Jungui pointed out that with the current international economy entering the period of innovation, China's economy has entered a period of adjustment, and the petrochemical industry has also entered a transitional adjustment period, presenting a trend of large-capacity surplus and a transition from low-end to high-end. "Enterprises must learn how to strive for the development of enterprises in the midst of low-speed growth." He said that in the new situation of relatively surplus products, shorter and shorter product life cycles, and increasingly competitive pressure, the production efficiency and cost The improvement of control and management capabilities is increasingly important to the petrochemical industry.
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