On February 6, China Petroleum and Chemical Industry Federation released the "Economic Operation of China's Oil and Chemical Industry - 2017 Review and Outlook 2018." The report shows that in 2017, the industry achieved excellent results in economic operation with revenue from principal operations of 13.78 A trillion yuan, an increase of 15.7% over the previous year; total profits of 846.2 billion yuan, an increase of 51.9%; total import and export trade 583.37 billion US dollars, an increase of 22.1%.
The report points out that in 2017, the total profits of the oil and chemical industry will show a growth momentum after dropping for three consecutive years, up by 51.9%, much higher than the average increase of 21% of the nation's large-scale industry and the fastest growth in seven years. And the increase almost tied the highest level in history.Among them, oil and gas mining industry turnaround, petroleum processing industry increased 14.4%, chemical industry profit up 40.2% .At the same time, main business revenue increased 15.7%, but also nearly 6 The biggest increase in years.
Fu Xiangsheng, vice chairman of the Federation of Petrochemical Industry, pointed out that in 2017, the oil and chemical industry made another breakthrough in their steady progress. The whole industry took the lead in embarking on a new channel of rebound at the bottom. After nearly three years of adjustment and turmoil, the entire industry has come out Trough, into a new stage of high-speed development.
Fu Xiang Sheng, vice president of the Federation of Petrochemicals (first from right), was interviewed after the conference
Fu Xiangsheng analysis, industry profits behind the substantial growth of the industry is the endogenous motivation to enhance economic growth.First, the structure of economic growth in the optimization.From the various sectors of the contribution to economic growth, the chemical industry, synthetic materials, basic chemical raw materials And specialty chemicals manufacturing increased rapidly, with a high contribution rate. The three main business revenue growth respectively reached 23.5%, 16.1% and 12.4%, contributing more than 80% to the total revenue growth of the industry. Second was the increase in profitability Last year, the industry's main revenue profit margin reached 6.14%, a record high in 4 years, of which oil and gas mining industry turned positive from the previous year, the petroleum processing industry remained at a historical high of 5.59%, chemical industry was 6.65%, is Surpassing 6% for the first time since 2012. In addition, the improvement of energy efficiency and steady growth of production and sales are also the highlights of the economic operation of the industry.
Petrochemical Federation of Information and Market Director Zhu 昉 also described the whole industry in 2017 as the turning point in the economic operation of the year in the price, environmental protection, production, marketing, import and export and many other internal and external factors under the influence of the economic operation of the oil and chemical industry 'outperform Broader market 'to further enhance confidence in the development of China's real economy.
However, Zhu also pointed out that while seeing the rosy economic indicators, we must also see some areas of decline in efficiency and there are still many problems in the economic operation of the industry. For example, although the total benefit of the oil and natural gas mining industry in 2017 However, the loss is still large, reaching 30%. In particular, the oil mining industry has a loss of 58%. Nearly 60% of the enterprises have suffered losses and their benefits have deteriorated continuously. The situation is still grim.
Petrochemical Federation tentatively estimated that the main business revenue of the oil and chemical industry will exceed 15 trillion yuan in 2018, an increase of about 10%; among them, the main revenue of the chemical industry will be 10 trillion yuan, up about 10%, and the total profit of the industry will be nearly 900 billion yuan , An increase of about 5%; total import and export volume of more than 630 billion US dollars, an increase of about 10%.