December 23, 2024

Upstream and downstream of China's petrochemical equipment show great differences

Drying equipment

China drying wire 1 to Reuters statistics released last week from May, China's petroleum and petrochemical equipment manufacturing industry total industrial output value and sales value growth rate year on year compared to last year are more substantial decline. Among them, the industry's total industrial output value has accumulated 124.448 billion yuan, an increase of 20.46%, an increase of 11.54 percentage points from the same period last year; the industry's total industrial output value completed 11.819985 trillion yuan, an increase of 21.50%, an increase of 8.64 over the same period last year percentage point. At present, the economic operation data of the entire industry for the first five months has been statistically completed, and the data for June is still being counted. However, overall, the trend of stable growth in the industry will continue.

From the perspective of economic efficiency, in the first five months of this year, the main business income of enterprises above designated size in the industry was 116.197 billion yuan, an increase of 22.62% year-on-year, and 10.65 percentage points lower than that of the same period of last year. In terms of total profits, the total profits of enterprises above designated size in the industry reached 6.386 billion yuan, a year-on-year increase of 29.84%, and an increase of 4.2% over the same period of last year. However, the increase was mainly due to the rapid increase in profits of oil drilling equipment manufacturing companies, which achieved a total profit of 3.659 billion yuan, an increase of 44.16% over the same period of last year, an increase of 22.32 percentage points over the same period of last year; and refinery equipment manufacturing and metal pressure vessels. The profit growth rate of the manufacturing industry declined significantly, with profit of 1.482 billion yuan and 1.245 billion yuan respectively, up 11.49% and 18.46% year-on-year, respectively, 8.88 percentage points and 24.61 percentage points lower than the same period of last year.

Correspondingly, in the first five months of this year, the cumulative loss of enterprises above designated size in the industry was 861 million yuan, a year-on-year decrease of 0.22%. Among them, oil drilling equipment manufacturers lost 514 million yuan, a year-on-year decrease of 11.30%; refinery and chemical equipment manufacturing and metal pressure vessel manufacturing lost 162 million yuan and 185 million yuan, respectively, 16.62% and 28.55% year-on-year increase respectively, metal pressure The year-on-year increase in loss from container manufacturing industry was 9.65 percentage points higher than last year.

In this regard, Zhao Zhiming told reporters that the upstream and downstream petrochemical equipment showed a big difference, mainly due to the overall market conditions. Due to the high oil price operation and the strong investment growth of emerging economies such as China and India, the oil exploration and development market has become better, driving the strong growth of drilling and production equipment. In contrast, the global refining and chemical industry still has excess capacity. Indirect is not conducive to the boost of related equipment manufacturing. At the same time, most of the losses are distributed to small and medium-sized enterprises, and companies still face great pressures to turn losses and increase profits.

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