Recently, the 2023 annual report statistics released by 5,067 listed companies on the three stock exchanges in Shanghai, Shenzhen, and North China show that a total of 71.53 trillion yuan in operating income has been achieved, an increase of 7.2% over the previous year; net profit of 5.63 trillion yuan Yuan, an increase of 0.8% over the previous year. Specific to the petrochemical industry, the profitability of upstream and downstream enterprises is highly differentiated.
The 2023 annual "report card" shows that Sinopec, PetroChina, and CNOOC have all achieved positive growth in operating income, with an overall operating income of about 7 trillion yuan and a net profit of about 360 billion yuan. Oil operating performance hit record highs.
There is a strong correlation between international oil prices and the profitability of the petroleum and chemical industries. Affected by factors such as the rise in international oil prices and the high cost of energy raw materials, the profits of the domestic petrochemical sector were under pressure. Rongsheng Petrochemical, Hengli Petrochemical, Hengyi Petrochemical, Dongfang Shenghong, Tongkun Co., Ltd., Xinfengming and other six companies have achieved a total operating income of 840.121 billion yuan in annual reports, all of which have increased compared with the previous year; The profit was 5.051 billion yuan, a sharp drop from the previous year. Even Rongsheng Petrochemical, which has the least loss, has a loss rate of 74.7%.
In terms of the basic chemical industry, in 2023, listed companies in the industry will realize a cumulative operating income of 2,619.854 billion yuan, an increase of 18.95% over the previous year; realize a net profit of 244.987 billion yuan attributable to the parent company, an increase of 2.95% over the previous year. In terms of operating income, sectors such as potash fertilizers, lithium battery chemicals, food and feed additives, civil explosives, fluorine chemicals, and soda ash performed well, while spandex fell sharply compared to the previous year.
The most noteworthy thing in the annual report is that under the dual promotion of policies and markets, China's new energy automobile industry continues to grow explosively. Both the revenue and profit of the battery sector have maintained high growth. In 2023, the operating income will be 466.8 billion yuan, an increase of 126.3% over the previous year; (Luo Iowa)