Hengli Petrochemical: Received 1.439 Billion Yuan Of "Tax Refund" In Three Days, Saudi Aramco Suffered A Super Loss: Profits Fell By More Than 70%! China Polyester Giant Is Releasing Strong Momentum!

There is no doubt that the list of Fortune Global 500 is the focus of the topic recently. The global enterprises have been working hard for a year, and they can be seen clearly today.

Hengli Group: received 1.439 billion yuan of "tax rebate" in three days, and jumped to the 107th place of Fortune Global 500

Hengli Group ranked 107th, up 74 places compared with last year! It is understood that Hengli's performance has maintained a high growth trend for many years, and has developed rapidly at the speed of one hundred billion yuan every two years. From the first declaration of the world's top 500 in 2017 to 107th this year, Hengli quickly achieved the ranking of "four consecutive jumps".

In 2019, Hengli Group will usher in a new round of performance explosion. It will achieve 556.7 billion yuan of operating revenue across two hundred billion yuan, showing a leap forward growth. From 100 billion to 500 billion yuan in revenue, Hengli continues to break through and stride forward to the top 100 camp on the list.

This year, in the face of the impact and challenge brought by the epidemic, Hengli Group is looking for opportunities in the crisis and opening up a new situation in the changing situation: invest 20 billion yuan in Southwest China, build the sixth largest production base in Luzhou, Sichuan, and plan to build intelligent and high-end polyester, spinning, new materials and textile industrial park. The monomer production capacity is the largest in China, and the annual output value is expected to reach 2 It is planned to invest 135 billion yuan to build the seventh largest production base in Yulin, Shaanxi Province. For the first time in the industry, it will integrate coal to olefins and aromatics, fine chemical industry, PTA, polyester, chemical fiber and textile new material processing, so as to accelerate the realization of "Three Transformations" of high-end energy and chemical industry base in Northern Shaanxi and boost the formation of Hengli Group“ From a piece of coal to a piece of cloth "whole industry chain development new pattern.

Recently, it was learned that Hengli Petrochemical (Dalian) Co., Ltd. and Hengli Petrochemical (Dalian) Chemical Co., Ltd. are key projects invested by Hengli Group, with large investment scale and easy to generate huge tax allowance. The promulgation and implementation of the tax rebate policy can timely turn the huge amount of tax retained into cash flow, feed back the enterprises, and further stimulate the momentum of the stable development of enterprises. "I thought that affected by the epidemic situation, the handling time would be extended, but I didn't expect it would be finished so soon." A week ago, the financial director of Hengli Petrochemical Co., Ltd. said "too soon" when he received a telephone call from the tax bureau of Changxing Island Economic Zone informing him that the tax rebate of RMB 1.439 billion would arrive. It is reported that the 1.439 billion yuan tax rebate includes 1.305 billion yuan of Hengli Petrochemical (Dalian) chemical industry and 134 million yuan of Hengli Petrochemical (Dalian) Co., Ltd., of which the 1.305 billion yuan of Hengli Petrochemical (Dalian) chemical is the largest single tax refund in Dalian since the implementation of the VAT rebate policy.

At present, all business sectors of the group have achieved the world leading level in coordinated development: in the oil refining sector, Hengli 20 million tons / year refining and chemical integration project was built, and the company took the lead in putting into full production in the seven national petrochemical industrial bases. It has set an industry record of the world's petrochemical industry in terms of engineering construction speed, whole process start-up and production speed, and has become the industry's high-quality development In the petrochemical sector, we have built one of the largest PTA plants in the world with an annual capacity of 12 million tons; in the fine chemical industry sector, we have built the largest 1.5 million tons of ethylene and 1.8 million tons of ethylene glycol units in the world; in the polyester new materials sector, we have the world's leading technology and equipment, and we are one of the largest production bases of functional fibers in the world; in the textile sector, we have built a series of new technologies and equipment One of the largest textile enterprises in the world.

Integrated industrial chain layout, six polyester giants take the lead in the international arms race

On July 27, fortune china.com released the Fortune 500 list in 2020. The list mainly considers the performance and achievements of Chinese Listed Companies in the world in the past year, among which 6 leading polyester and petrochemical enterprises are listed.

　　 In recent years, when the macro-economy is not ideal, the enterprises with complete industrial chain have stronger competitiveness and anti risk ability. Rongsheng petrochemical, Tongkun group, Hengli shares, Hengyi petrochemical and Dongfang Shenghong are all building an integrated industrial chain of "fuel oil / naphtha-p-xylene-pta-pet-spinning-texturing". They have been developing with the idea of "diversified coordination and global integration", which has laid the foundation for the international development of China's polyester industry. At the same time, these enterprises focus on the product differentiation in their respective fields. In the case of more interference factors in the environment this year, they have taken a unique road of development, and have made certain achievements in operating business with the concept of "focus and heart".

　　 In the future, leading enterprises will have more standardized management, introduce more advanced equipment, invest more in R & D, and have huge capital support... Which will give them an opportunity in this international arms race.

China's petrochemical giants have a unique scenery here. The decline in demand caused by the epidemic continues to hit foreign petrochemical enterprises!

China's petrochemical giants have a unique scenery, while the global petrochemical giants continue to make crazy asset impairment to avoid falling into huge losses!

1. The world's largest oil company, with profits falling by more than 70%!

Saudi Aramco, the national oil company of Saudi Arabia, released its financial data for the second quarter of 2020 on the morning of the 9th local time. The profit in the second quarter was 6.6 billion US dollars (about 46 billion yuan), a sharp drop of 71.6% compared with the first quarter, while the total profit in the first half of the year was about 23.2 billion US dollars, down more than 6% from the same period last year. The announcement issued by Saudi Aramco said that despite the huge impact of the new crown pneumonia epidemic on the global economy, the company is still striving to achieve business development, especially the historical record of 12.1 million barrels of crude oil per day on April 2, which "fully demonstrates the company's flexibility and reliability".

Company president Emin Nasser also said in an interview with reporters that he would continue to implement the long-term growth and diversification strategy adopted by the company. With the global economy showing signs of recovery, the demand for energy market will recover slowly, but he also admitted that the company's performance in the second quarter was seriously affected by the drop in energy demand and oil prices.

Saudi Aramco is the world's largest oil company. It was listed on the Riyadh stock exchange in Saudi Arabia at the beginning of December 2019, and its share price rose rapidly in a short period of time, once becoming the largest enterprise in the world. However, affected by the low crude oil price, Saudi Aramco's share price has been falling all the way since March this year, and has fallen below the issue price of 32 Saudi Riyals (about RMB 60.16) In spite of the recent recovery, it is still hovering around the issue price.

2. Chemical giant Dow will lay off more than 2000 employees!

On July 23, Dow Chemical, an American chemical giant, said it would lay off 6% of its staff and withdraw its uncompetitive assets in response to the continuing impact of the new outbreak.

Dow reported that the second quarter revenue was 8.354 billion US dollars, a year-on-year decrease of 24.2%; the net loss was US $225 million, compared with the net profit of the same period last year of US $75 million; the operating profit before interest and tax in the second quarter was 57 million US dollars, a decrease of 94.18% compared with the previous year.

In response, Dow will further reduce costs by 6% of its global workforce. At present, Dow Chemical operates 109 manufacturing plants in 31 countries with 36500 employees. Based on this calculation, the scale of layoffs is about 2200. As a result, Dow's operating expenses will be further reduced by $500 million.

At present, shell, total, ConocoPhillips, ExxonMobil and other companies have lost 29.8 billion US dollars in the second quarter, about 200 billion yuan

1. Shell lost $18.1 billion in the second quarter

On July 30, oil and gas giant shell announced that the net profit attributable to common shareholders of the parent company in the second quarter of fiscal year 2020 was - 18.131 billion US dollars (about 126.5 billion yuan), a year-on-year decrease of 704.77%; the operating income was 32.491 billion US dollars, a year-on-year decrease of 64.62%. 　　

Shell pointed out that the main reason for the quarter's loss was the lower long-term forecast for crude oil and gas prices, resulting in $16.8 billion in after tax impairment charges (US $22.3 billion before tax). Excluding the project, the adjusted profit in the second quarter was $638 million, down 82% year-on-year.

Shell expects an adjusted net loss of $875 million in the third quarter and between $3.2 billion and $3.5 billion for the whole year.

2. Total lost $8.4 billion in the second quarter

On the 10th, oil and gas giant Total announced its second quarter results, with a net loss of $8.4 billion attributable to shareholders in the second quarter, compared with a net profit of $6.857 billion in the same period last year. The adjusted net income in this quarter was $130 million, down 96% year-on-year.

The day before yesterday, total announced that it had written down $8.1 billion of its oil and gas assets. Among them, Canadian oil sand assets were impaired by US $7 billion, accounting for 87.5%.

3. BP will lose $13 billion to $17.5 billion in the second quarter

Affected by the new crown epidemic, British energy giant BP's non cash impairment expenditure and write down in the second quarter will total 13 billion to 17.5 billion US dollars.

BP's first quarter revenue was $59.65 billion, down 10% from a year earlier. Shareholders accounted for a net loss of $4.365 billion, compared with a net profit of $29.34 in the same period last year. The record loss in the first quarter was due to a sharp fall in oil prices at the end of the quarter and a $3.7 billion inventory loss.

4. ConocoPhillips had a net loss of US $1 billion in the second quarter

ConocoPhillips announced the second quarter (Q2) performance report of fiscal year 2020 before us stock market on July 30. Data show that ConocoPhillips Q2 net profit was $300 million, compared with $1.6 billion in the same period of last year, with a net loss of $1 billion after adjustment, and a net profit of $1.1 billion in the same period of last year.

As of the second quarter of 2020, the total amount of cash, cash equivalents and restricted cash was $3.2 billion, and short-term investment activities were $4 billion.

5. ExxonMobil is expected to lose $2.3 billion in the second quarter

ExxonMobil faced a loss of $2.36 billion in the second quarter. This will be the second loss this year after a loss of US $610 million in the first quarter of 2010. The specific results will be announced on July 31. ExxonMobil is preparing to slash spending and layoffs.