First quarter results of 16 companies including BASF, Dow, DuPont, Evonik and Wanhua

Wanhua Chemical: Net profit of 1.022 billion US dollars, a year-on-year increase of 380.82%
On the evening of April 9, Wanhua Chemical disclosed its financial report for the first quarter, achieving revenue of 31.312 billion yuan, a year-on-year increase of 104.08%; net profit of 6.621 billion yuan, a year-on-year increase of 380.82%.
Among them, the total revenue of the three major series of Wanhua Polyurethane, Petrochemical, Fine Chemicals and New Materials reached 28.834 billion yuan, accounting for 92.09% of the total revenue. The operating income of the polyurethane segment was 13.758 billion yuan, the petrochemical segment was 12.060 billion yuan, and the fine chemicals and new materials segment was 3.017 billion yuan.

Huafeng Chemical: Net profit of US$253 million, an increase of 501.76% year-on-year
Huafeng Chemical released its first-quarter results announcement on the evening of April 21, stating that the first quarter of 2021 revenue was approximately 5.794 billion yuan, an increase of 120.77% year-on-year; net profit was approximately 1.64 billion yuan, an increase of 501.67% year-on-year; basic earnings per share were 0.35 yuan , An increase of 483.33% year-on-year.
Zhejiang Juhua: operating income of 556 million US dollars, an increase of 3.20% year-on-year
On April 30, Juhua shares disclosed a quarterly report. In the first quarter of 2021, it achieved total operating income of 3.6 billion, a year-on-year increase of 3.2%; realized net profit of 11.838 million attributable to the parent, a year-on-year increase of 11.6%.
In addition, the operating cost of Juhua in the first quarter of 2021 was 3.2 billion, down 2.5% year-on-year, while operating income rose 3.2% year-on-year, driving a 5.2% increase in gross profit margin.

Luxi Chemical Industry: net profit of 154 million US dollars, a year-on-year increase of 5835%
On April 27, Luxi Chemical released its first quarter 2021 performance report. During the reporting period, Luxi Chemicals achieved operating income of 6.216 billion yuan, a year-on-year increase of 85.34%; net profit attributable to shareholders of listed companies was 999 million yuan, a record high in a single quarter, a year-on-year increase of 5834.61%; deductions attributable to shareholders of listed companies The net profit of recurring gains and losses was 980 million yuan, a year-on-year increase of 38343.22%;
Luxi Chemical said that during the reporting period, both operating income and net profit increased significantly compared with the same period of the previous year, mainly due to the impact of market supply and demand, and the large year-on-year increase in the production, sales and sales prices of major chemical products.

Hengli Petrochemical: net profit of 4.111 billion yuan, a year-on-year increase of 91.81%
On April 22, Hengli Petrochemical disclosed its report for the first quarter of 2021. During the reporting period, the company achieved operating income of 53.231 billion yuan, a year-on-year increase of 78.80%; net profit attributable to shareholders of listed companies was 4.111 billion yuan, a year-on-year increase of 91.81%.

Dow: Net profit of 1.6 billion US dollars, a year-on-year increase of 111%

On April 24, Dow released its first quarter 2021 performance report

Net sales were US$11.9 billion, an increase of 22% from the same period last year, mainly due to the increase in local prices in all operating segments, business units and regions. Net sales increased by 11% month-on-month, and all sectors and regions achieved growth.

Operating profit before interest and taxes (EBIT) was US$1.6 billion, an increase of US$843 million year-on-year, thanks to increased profit margins in the packaging and specialty plastics segment, industrial intermediates and infrastructure segments.
DuPont: Net profit in the first quarter was US$3.976 billion, an increase of 8% year-on-year

May 4
DuPont releases first quarter earnings report
DuPont's net sales in the first quarter of 2021 were US$4 billion, a year-on-year increase of 8%. In the first quarter of 2021, strong demand in the three major markets of electronics and industry, mobile and materials, and water and protection led to an increase in sales.

In accordance with generally accepted accounting principles, DuPont's operating profit before interest and tax in the first quarter of 2021 was US$1.05 billion, a year-on-year increase of 15%. The main reason is the strong demand in the electronics, industrial and mobile and materials sectors, as well as the benefits of the previous year's cost measures, which have contributed to the expansion of operating profit before interest and taxes.

Celanese: Net profit in the first quarter was US$323 million, an increase of 46.81% year-on-year
Celanese Corporation announced its first quarter results on April 26. Celanese’s net sales in the first quarter were US$1.8 billion, a 15% increase from the previous quarter due to price factors, which far offset the 3% decline in sales; operating profit was US$326 million, and adjusted profit before interest and tax was US$482 million, both Higher than the profit before the outbreak of the new crown pneumonia in the first quarter of 2020.

BASF: Net profit of US$1.72 billion, a year-on-year increase of 94%
On April 29, BASF released its first quarter 2021 performance report. BASF's sales in the first quarter were 19.4 billion euros, an increase of 16%. This is mainly due to the increase in prices and sales. Compared with the same period in 2020, the pre-interest and tax income excluding special items was 2.3 billion euros, an increase of 855 million euros, an increase of 42%, to 2.3 billion euros.
This is mainly due to the substantial increase in revenue in the materials business and chemicals business. With the recovery of production capacity in the automotive industry, the income of the surface treatment technology business has also increased significantly.

Huntsman: Net income of $147 million
On May 6, Huntsman released its first quarter 2021 performance report. During the reporting period, Huntsman achieved revenue of US$1.837 billion, net income of US$100 million, and adjusted net income of US$147 million. Adjusted EBITDA For 289 million U.S. dollars.

Evonik: Net sales of US$4.034 billion, a year-on-year increase of 4%
On May 6, Evonik released its first quarter 2021 performance report. In the first quarter, Evonik achieved net sales of US$4.034 billion, an increase of 4% year-on-year; profit before interest, tax, depreciation and amortization was US$706 million, an increase of 15% year-on-year. In the same period of 2019 before the epidemic, it increased by 9%.
Regarding the results of the first quarter, Evonik stated that the performance growth of specialty additives, nutrition and consumer chemicals, and smart materials benefited from the growth in market demand for their respective products, while the decline in performance of functional materials was mainly due to bad weather. The production capacity of super absorbents There was a decline in the first quarter, and business development was affected. Although the sales of carbon four products increased, it could not completely offset the decline in sales caused by super absorbents.

Wacker Chemie: net profit of 128 million US dollars, an increase of 54.7% year-on-year
On April 30, Wacker Chemie announced the first quarter of 2021 performance report. During the reporting period, Wacker achieved sales of 1.359.6 billion euros, an increase of 14% over the same period last year; EBITDA was 2.464 Billion euros, an increase of 42% over the same period last year and an increase of 26% over the previous quarter (196.0 million euros); net profit was 106.6 million euros, compared with 668.9 million euros in the same period last year, an increase of 54.7% year-on-year.

Solvay: net profit of 288 million US dollars, an increase of 1.8% year-on-year
On May 5, Solvay released its first-quarter performance report. During the reporting period, Solvay achieved sales of US$2.881 billion, an increase of 1.9% year-on-year; Earnings before interest, tax, depreciation and amortization (EBITDA) was US$700 million, an increase of year-on-year 10%; the basic net profit in the first quarter was 240 million euros, an increase of 1.8% from the first quarter of 2020.

Eastman: Operating income of US$2.41 billion, an increase of 7.5% year-on-year
On May 6, Eastman released its first quarter 2021 performance report. During the reporting period, Eastman achieved operating income of US$2.41 billion, a year-on-year increase of 7.5%; adjusted EBIT was US$400 million, a year-on-year increase 4.5%; cash generated from operating activities was US$216 million. Free cash flow (cash generated from operating activities minus net capital expenditures) reached US$125 million, an increase of approximately 75% over the first quarter of 2020.

LG Chem: Operating profit of US$1.27 billion, an increase of 584% year-on-year
On April 29, LG Chem released its first-quarter performance report. During the reporting period, LG Chem achieved sales of US$8.67 billion, an increase of 43.4% year-on-year; operating profit of US$1.27 billion, an increase of 584% year-on-year, and both sales and operating profits. New quarterly high.

SABIC: Net profit in the first quarter was US$1.3 billion, an increase of 116.66% from the previous quarter
On April 29, SABIC released its first quarter performance report. SABIC achieved sales of 37.53 billion rials in the first quarter, or 10.01 billion US dollars, an increase of 24% year-on-year; in the first quarter, its net profit was 4.86 billion rials, or 1.3 billion US dollars, which was higher than the previous quarter (600 million US dollars).

Conclusion: It can be seen that, although giant companies like Wanhua have emerged in my country in recent years, they have a large gap with world-class giants like BASF in terms of scale and profitability. There is a long way to go.