Tianjin Bohai Petrochemical’s PDH plant overhaul, and the length of the shutdown period announced

On the evening of June 7th, Bohai Chemical issued an announcement stating that according to the requirements of the production process and production equipment of chemical enterprises, in order to ensure the safe and effective operation of production equipment and improve the safety and environmental protection production standards, the company’s wholly-owned subsidiary Tianjin Bohai Petrochemical Co., Ltd. PDH equipment (600,000 tons/year) will be shut down for maintenance on June 7, 2021, and the maintenance is expected to be about 7 days.

Bohai Chemical said that the suspension of production overhaul will help the production equipment to continue normal production, improve safety and environmental protection production standards, and enhance the company's overall efficiency, and will not have a significant impact on the company's production and operation.

According to the data, the main products of Bohai Chemical include propylene products, data card products, printing products, smart card application systems and supporting equipment products. According to the financial report, the financial report for the first quarter of 2021 showed that the company’s operating income was 917 million yuan, a year-on-year increase of 7044.71%; the net profit attributable to shareholders of listed companies was 65,814,800 yuan, which turned losses into profits year-on-year; non-recurring gains and losses attributable to shareholders of listed companies were deducted The net profit of 65,561,800 yuan, turned losses into profits year-on-year; basic earnings per share was 0.06 yuan.