Zhejiang Petrochemical Industry's Profit Level Is New High

The reporter learned from the provincial petrochemical industry work conference organized by the Zhejiang Provincial Economic and Trade Commission recently that the economy of the province’s petroleum and chemical industries showed a continuous upward trend last year; benefits have grown in a contrarian direction, and the petrochemical industry’s total Achieved a profit of 23.5 billion yuan, a year-on-year increase of 205%. According to the Provincial Economic and Information Commission's Pharmaceutical and Petrochemical Industry Management Office, the industry's annual profit is expected to exceed 25 billion yuan, a record high.
According to the preliminary statistics of economic data of 2,988 large-scale petrochemical enterprises in the province, according to the provincial Economic and Information Commission, from January to November last year, total sales revenue reached 363.9 billion yuan, a year-on-year decrease of 4.8%, accounting for 10.7% of the province's above-scale industrial enterprises. Among them, the petroleum processing industry was 87.7 billion yuan, down 15.4%; the chemical industry was 276.1 billion yuan, down 0.9%. The total sales revenue index has declined, but the profit has been surprisingly converse. In the first 11 months, the industry realized a total profit of 23.5 billion yuan, a year-on-year increase of 205%, accounting for 13.5% of the province's above-scale industrial enterprises. Among them, the petroleum processing industry was 6.1 billion yuan, which was -57 billion yuan in the same period of 2008; the chemical industry was 17.4 billion yuan, an increase of 29.9%. If we remove the huge losses caused by the crude oil surge in the petroleum processing industry in 2008 and the higher profits from the crude oil price reduction in 2009, the overall profitability of the petrochemical industry has still improved significantly compared to 2008. The Office of Management predicts that the profits of Zhejiang's petrochemical industry will hit a record high of more than 25 billion yuan in 2009. Among them, the chemical industry realized profits of nearly 20 billion yuan, an increase of more than 30%; sales profit rate of more than 6%, a record high of nearly 10 years.
Statistics also show that from January to November last year, Zhejiang tire manufacturing sales revenue increased by 8.4%, the total amount of the country's third, profit growth of 282%; synthetic plastics sales growth of 3.8%, the total third in the country, profits Turned 47 times; sales revenue of organic chemical raw material manufacturing industry increased by 2.8%, profit increased by 110%; profit of basic chemical raw material manufacturing industry increased by 39.4%; scale was ranked first in China's single synthetic fiber manufacturing industry, and profit increased by 103%. In the dyes, paints, and pesticides industries that performed relatively weakly, sales revenue fell by 4%, 4.6%, and 31.8%, respectively; profit from dyes and pesticides decreased by 1.8% and 67.8%, respectively, and the coatings industry increased by 16.8%.

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