In the second quarter, the company achieved revenue of 65.769 billion yuan, a year-on-year increase of 28.1%; net profit was 3.803 billion yuan, a year-on-year decrease of 16.06%.

In terms of products, in the first half of the year, Hengli Petrochemical produced 11.5553 million tons of refining and chemical products, with a sales volume of 11.8606 million tons, and a revenue of 68.636 billion yuan; PTA production was 6.0474 million tons, with a sales volume of 5.3891 million tons, and a revenue of 29.257 billion yuan; new materials The product output was 1.7158 million tons, the sales volume was 1.498 million tons, and the revenue was 13.974 billion yuan.

Hengli Petrochemical is the first listed company in the industry to realize the integration of the whole industry chain of “crude oil-aromatic hydrocarbons, olefins-PTA, ethylene glycol-polyester new materials”. Its main businesses include refining, petrochemical and polyester new materials. The entire industry chain of materials, with 20 million tons of petroleum refining and chemical projects, is the world’s largest PTA manufacturer with the largest single unit and the largest production capacity, and is also a leading enterprise in my country’s polyester chemical fiber industry.

The announcement shows that, relying on the advantages of upstream raw materials, Hengli Petrochemical actively deployed lithium battery separators, electrolytes, PET copper foils and solar photovoltaic backsheet films in the first half of the year. At present, its subsidiary Jiangsu Kanghui New Material Technology Co., Ltd. has an annual output of 800,000 tons of functional films and functional plastics, and the new lithium battery diaphragm project in Nantong is progressing in an orderly manner.

In addition, Hengli Petrochemical invested in the construction of a 1.6 million ton/year high-performance resin and new material project, which is expected to be put into operation in the second quarter of next year. At the same time, the BDO project and the spandex project of the second phase of the Fine Chemical Park are in steady progress and are expected to be put into operation gradually in the second half of next year.

Hengli Petrochemical stated that during the reporting period, in order to safeguard the interests of the company and shareholders, the company implemented and completed the third and fourth phase of the share repurchase plan, with a total repurchase fund of 2 billion yuan.

Since its listing in 2011, Hengli Petrochemical has been paying dividends generously, with a cumulative cash dividend of about 18.5 billion yuan. As of the end of the reporting period, the company’s net assets were 59.077 billion yuan, a year-on-year increase of 3.09%, and the asset-liability ratio was 74.96%.

It is understood that from 2019 to 2021, Hengli Petrochemical achieved revenue of 100.78 billion yuan, 152.37 billion yuan, and 198 billion yuan respectively; net profit was 10.03 billion yuan, 13.46 billion yuan, and 15.53 billion yuan. In the 2022 Fortune China Top 500 Industrial Sub-List, Hengli Petrochemical ranks first among private enterprises.

The production capacity of Hengli Kanghui has been upgraded, and 450,000 tons of PBAT/PBS are advancing at full speed

Hengli Kanghui New Material Technology Co., Ltd. (then named “Yingkou Kanghui Petrochemical Co., Ltd.”) invested in the construction of a PBS biodegradable project with an annual output of 33,000 tons at the beginning of 2020, and successfully started the one-time operation on December 25 of that year, and the production went smoothly. Qualified products.

In August 2021, Hengli Kanghui’s annual production of 150,000 tons of PBS biodegradable plastics project environmental impact report (before approval) was announced. The project plans to build Hengli’s first 100,000-ton degradable plastic plant, which is of great significance to the layout of Hengli’s biodegradable materials. On September 22, 2021, the project of Hengli Kanghui with an annual output of 450,000 tons of biodegradable new materials was grandly started. The project has a total investment of 1.8 billion yuan, and adopts self-developed technology and formula. It mainly builds the above-mentioned two major projects of 150,000 tons/year PBS biodegradable plastics and 300,000 tons/year PBAT biodegradable plastics. The project is located in the existing plant of Hengli Petrochemical (Dalian) Co., Ltd. in the Petrochemical Park of Changxing Island Economic Zone, Dalian. The construction period is 12 months. It is planned to be completed and put into operation in October 2022. Among them, the PBS project with an annual output of 150,000 tons is a new project, which adopts the direct esterification method and continuous polycondensation process for production. The main construction is 150,000 tons/year PBAT, and the by-product is 0.8763 million tons/year THF; 30
tons
The PBAT project is an expansion project, which mainly builds 300,000 tons/year of PBAT and produces 17,526 tons/year of THF as a by-product. In addition to the internal supply of PTA, Hengli also has a layout for the remaining raw materials of PBAT, BDO and AA. In March 2021, the 1.8 million tons/year BDO project of Hengli Energy (Yulin) New Materials Co., Ltd. was approved for filing. The project is located in Qingshui Industrial Park, Yushen Industrial Zone, Yulin City, Shaanxi Province, with a total investment of 20.8 billion yuan and a planned construction of 1.8 million yuan. ton/year BDO, 180,000 tons/year PBAT, etc. In addition, Hengli Petrochemical plans to build 2.311 billion yuan to build PBAT material supporting chemical projects, including 300,000 tons of AA and so on.

Hengli Kanghui’s PBAT modification project was successfully started and has received multiple downstream orders

In November 2021, the development project of PBT/PBAT modified products independently developed by Hengli Kanghui New Material with an annual output of 30,000 tons was successfully started and produced qualified products. At present, the modified plastic products produced by Kanghui New Material have won many downstream products. Order.

The project adopts the plastic blending modification production and processing technology independently developed by Hengli, and selects world-class advanced equipment, which greatly improves the production efficiency and product quality. The total investment of the project is 100 million yuan. It is located in Xianrendao Energy and Chemical Industry Zone, Yingkou City.
Set of 7500
ton/year PBT resin modification unit and 2 sets of 7500 tons/year PBS resin modification unit. The PBS resin modification project consumes 11,510 tons of internally supplied PBS chips and 1,587 tons of purchased polylactic acid per year.