Dow, Wanhua, BASF and other global 50 chemical giants results announced!

Recently, BASF, Dow, Wanhua and other large chemical companies released their 2022 fiscal year performance reports. The report shows that the sales performance of these companies is still generally achieved growth, but due to the global economic recession, high energy and raw material costs and other factors, some of the profits suffered.

Asia

In 2022, the operating revenue of Rongsheng Petrochemical reached 289.095 billion yuan, with a year-on-year growth of 57.91%; Net profit attributable to shareholders of listed companies was 3.340 billion yuan, down 74.76% year-on-year.

Hengli Petrochemical achieved a revenue of 222.324 billion yuan in 2022, up 12.3% year on year; Net profit attributable to mother was 2.318 billion yuan, down 85.07% year on year.

In 2022, the operating revenue of Wanhua Chemical reached 165.565 billion yuan, with a year-on-year growth of 13.76%; Net profit attributable to the parent was 16.234 billion yuan, down 34.14 percent year-on-year.

In 2022, the operating revenue of ChemChina reached 157.716 billion yuan, with a year-on-year growth of 14.88%; Net profit attributable to the owner of the parent company reached 5.415 billion yuan, up 16.88% year on year.

Hengyi Petrochemical achieved an operating revenue of 152.05 billion yuan in 2022, with a year-on-year growth of 17.26%; Net profit attributable to shareholders of listed companies was -1.08 billion yuan, a year-on-year profit to loss.

Sinochem International achieved a revenue of 87.449 billion yuan in 2022, up 8.25% year on year; Net profit returned to the mother was 1.311 billion yuan, down 39.15% year-on-year.

In 2022, the operating revenue of Yuntianhua reached 75.313 billion yuan, increasing by 19.07% year on year; Net profit returned to the mother was 6.021 billion yuan, an increase of 65.33% year-on-year.

In 2022, the operating revenue of Oriental Shenghong reached 63.822 billion yuan, with a year-on-year growth of 21.13%; Net profit attributable to shareholders of listed companies was 548 million yuan, down 88.02% year-on-year.

The operating revenue of Tongkun shares in 2022 was 61.993 billion yuan, with a year-on-year growth of 4.79%; Net profit attributable to shareholders of listed companies was 130 million yuan, down 98.26 percent year-on-year.

The business revenue of Zhongtai Chemical in 2022 was about 55.911 billion yuan, decreasing by 11.1% year-on-year; Net profit attributable to shareholders of listed companies was approximately 714 million yuan, a decrease of 74.02% year-on-year.

The business revenue of Xinfengming in 2022 was about 50.787 billion yuan, an increase of 13.44% year on year; Net profit loss attributable to shareholders of the listed company was approximately 205 million yuan, down 109.09% year on year.

In 2022, the operating revenue of Goldilocks reached 40.412 billion yuan, with a year-on-year growth of 0.53%; Net profit returned to the mother was 1.992 billion yuan, up 19.89% year on year.

Huayi Group achieved a revenue of 38.511 billion yuan in 2022, a decrease of 2.97% year-on-year; Net profit attributable to the mother was 1.281 billion yuan, down 56.83% year-on-year.

Saudi Basic Industries Corporation's (SABIC)2022 net profit fell 28% year-on-year to 16.53 billion Saudi riyals (30.4 billion yuan; Sales rose 13% from 2021 to 19.847 billion Saudi riyals.

South Korea's LG Chem posted 2.2 trillion won ($1.8 billion) in net profit in 2022, down 44.5 percent year on year. Sales rose 21.7 percent year-on-year to 51.87 trillion won.

Lotte Chemical recorded 22.28 trillion won in sales in 2022, up 22.9 percent year on year. Net profit fell 97.1 per cent to 41bn won.

hanwha solutions recorded 13.6 trillion won in sales and 966.2 billion won in operating profit in 2022, up 27.3 percent and 30.9 percent, respectively, from the same period last year. Net profit fell 38.7 percent year-on-year to 378 billion won due to losses at its naphtha cracking subsidiary.

Nippon Coatings Holdings Co., Ltd. achieved a revenue of 13,090 trillion yen (about 67.676 billion yuan) in 2022, up 31.1% year on year; Net profit attributable to the owner of the parent company was 79.4 billion yen, up 19.3 percent from a year earlier.

Thailand's Indolama had revenue of $18.7 billion in 2022, up 28% year on year; Core EBITDA was $2.3 billion, up 31% year-over-year.

Europe

Basf's 2022 sales rose 11.1% year-on-year to 87.3 billion euros. Earnings before interest and tax, excluding special items, fell 11.5 percent from a year earlier to 6.9 billion euros; Net income was negative €627 million, compared with €5.5 billion in 2021.

Bayer's sales rose 8.7 percent to 50.739 billion euros in the 2022 fiscal year. Net income reached €4.145 billion, compared with €1 billion in 2021. Earnings before interest, taxes, depreciation and amortization, excluding special items, rose 20.9 percent to 13.513 billion euros.

Linde's 2022 sales were $33.4 billion, up 8% from the previous year; Operating profit was $7.9 billion, up 10 percent from a year earlier.

Syngenta Group's revenue in 2022 was US $33.4 billion, an increase of US $5.2 billion over the previous year and a year-on-year growth of 19%; EBITDA for 2022 was $5.6 billion, up 20% from the previous year.

Air Liquide's 2022 sales reached 29.9 billion euros, up 7% from the previous year; Net profit was 2.759 billion euros, up 7.3% from a year earlier.

Henkel Group achieved sales of 22.4 billion euros in 2022, an organic growth of 8.8%; Adjusted operating profit reached 2.319 billion euros, down 13.7 percent from a year earlier. Sales in the adhesives Technology division rose 16.6 percent to 11.242 billion euros in nominal terms.

Evonik's 2022 sales rose 24% to 18.5 billion euros; Adjusted earnings before interest, tax, depreciation and amortisation rose 4 per cent to €2.49bn; Adjusted net income rose 7 percent to 1.05 billion euros.

Coxtron's 2022 sales were 18 billion euros, up 13% from the previous year; EBITDA was EUR1.6 billion, down 47.6% year-over-year; The full-year loss was €272m, compared with a net profit of €1.6bn in 2021.

Solvay's 2022 net sales were 13.4 billion euros, up 32.9% from the previous year; Underlying net profit reached 1.743 billion euros, up 67.6 percent from 2021.

Arkema recorded sales of 11.5 billion euros in 2022, up 21.3% year on year; Adjusted net income was 1.167 billion euros, up 30.2 percent.

Akzonobel's 2022 sales were €10.846 billion, up 13% from the previous year. Adjusted operating profit was EUR789 million, compared with EUR1.092 billion in the same period in 2021.

Wacker's fiscal 2022 sales were 8.21 billion euros, up by one-third from the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) of €2.09 billion (2021: €1.54 billion), up 35% from the previous year; Full-year profit was 1.29 billion euros, up 55 percent from a year earlier.

Lanxess 2022 sales increased 32.6% year on year to 8.088 billion euros; Earnings before interest, tax, depreciation and amortization from its regular operations rose 14.1 percent to 930 million euros.

Norion's 2022 sales were approximately $5.8 billion, up 17% from the previous year; Adjusted EBITDA rose 15 percent from a year earlier to $1.24 billion.

North America

Dow achieved net sales of $56.9 billion in 2022, down 3.45% from the previous year, while net income fell more than 27% to $4.64 billion. In the fourth quarter, net sales were $11.859 billion, down 17.6% from the same period last year. Net profit was $647 million, down 64.05% year on year.

Lyander Basil had sales of $50.45 billion in 2022; Net income was $3.9 billion, compared with $5.6 billion a year earlier; EBITDA was $6.3 billion, compared with $8.7 billion a year earlier.

Nutrien 2022 sales reached $37.884 billion, up 37% from the previous year. EBITDA was $12.2 billion, up 71% year-over-year; Net income was $7.7 billion, up 142 percent from a year earlier.

For the full year 2022, Shandwick reported net sales of $22.149 billion, up 11.1 percent from the previous year. Net profit was 2.020.1 billion dollars, up 8.35 percent year-on-year.

Legg Mason's 2022 revenue was $19.1 billion, up 55% from the previous year; Adjusted EBITDA of $6.2 billion, up 73% from 2021; Net income was $3.6 billion, up 120 percent from 2021.

PPG Industries' 2022 net sales were $17.7 billion, up about 5% from 2021; Net income was $1.028 billion, down 28% from 2021.

For the full year 2022, net sales increased 11% to $17.46 billion. GAAP net income was $1.22 billion, down 33%; Adjusted EBITDA was $3.22 billion, up 25%.

Westlake Chemical Group had net sales of $13.4 billion and net profit of $3.35 billion in 2022.

Dupont's 2022 net sales grew 8% from a year earlier to $13 billion; EBITDA was $3.26 billion, up 3%; GAAP net income was $1.06 billion, down 12%.

Air Products sales of $12.7 billion in fiscal 2022, compared with $10.3 billion in the previous year; Net income attributable to the company was about $2.3 billion, compared with $2.1 billion a year earlier.

Eastman's full-year sales in 2022 were $10.58 billion, basically unchanged from 2021; Ebitda of $1.159 billion, down slightly from $1.281 billion a year ago; Adjusted EBITDA was $1.339 billion, down 18% from 2021.

CF Industries reported net sales of $11.19 billion in 2022, compared with $6.54 billion in 2021. Net income was $3.35 billion and adjusted EBITDA was $5.88 billion.

Celanese recorded record net sales of $9.7 billion in 2022, up 13% from 2021; Consolidated operating profit of $1.4 billion and adjusted EBITDA of $2.2 billion.

Huntsman 2022 revenue was $8.023 billion, net income attributable to the parent was $460 million, adjusted net income was $636 million, and adjusted EBITDA was $1.155 billion.

Yabo's full-year 2022 net sales exceeded $7 billion, more than double its 2021 performance; Adjusted EBITDA was about $3.5 billion, nearly four times the previous year.

The company achieved sales of $5.802 billion in fiscal year 2022, up 15.01% year on year; Earnings attributable to the parent totaled $736.5 million, down 0.42 percent year on year.

Comus 2022 net sales were $6.8 billion, up 7% from the prior year; Adjusted EbitDA of $1.361 billion, up 4% year-over-year; Net income was $578 million.