Xiangjiang, Sankeshu, Yashi Chuangneng ranked among the top 500 petroleum

The 2019 Top 500 List of Petrochemical and Chemical Enterprises in China shows that the concentration of Top 500 Chemical Enterprises in 2018 has increased significantly and the total sales revenue has continued to grow, but the entry threshold has decreased. The total sales revenue of the top 500 chemical enterprises in 2018 was 11.15 trillion yuan, 10.6% higher than that of the top 10.07 trillion yuan in 2017, and the growth rate was accelerated. The total sales accounted for 89.9% of the total business income of chemical industry owners in China. Entry door decreased, enterprise pattern changed profoundly. Entry threshold of top 500 chemical enterprises in 2003 was 403 million yuan, which continued to increase, reaching 1.836 billion yuan online coating ol.com by 2015. In 2019, the threshold for China's top 500 petroleum and chemical enterprises was 1.430 billion yuan. As early as 2016, the threshold for China's top 500 companies was 100 million yuan lower than that in 2015, and in 2017, it was 250 million yuan lower than that in 2016.

This is basically consistent with the trend of decreasing the number of Enterprises above the scale. It shows that the competition between petroleum and chemical enterprises is becoming increasingly fierce. Through deepening reform, acquisition, merger, reorganization or closure and transformation due to environmental protection and safety, the number of enterprises is continuously decreasing, and the enterprise pattern is undergoing profound changes. Enterprise resources are being centralized to superior enterprises, leading to serious polarization of enterprises, the stronger, the weaker. The new pattern of co-development of large and medium-sized enterprises 2018, the profit margin of the whole industry is 6.77%, the profit margin of the top 500 enterprises is 5.42%, and the profit margin of the top 500 enterprises is lower than the profit margin of the enterprises above the scale, which shows that in terms of economic benefits, large enterprises and small and medium-sized enterprises are not available.

PetroChina, Sinopec and CNOOC have sales revenue of more than 200 billion yuan, with profits of only 60 billion yuan, which in fact drags the whole industry behind. On the contrary, many small and medium-sized enterprises have good economic performance, which is worthy of affirmation, indicating that small and medium-sized enterprises play an irreplaceable role in the development of the industry.

Therefore, at this stage, we should insist on the co-operation of large and medium-sized enterprises, flourishing in a hundred flowers, competing for development, giving full play to their respective advantages and jointly contributing to the high-quality development of the petroleum and chemical industries. Among 349 listed companies in the petroleum and chemical industry, 94% of the listed companies are in a profitable State.

China Petroleum and Natural Gas Co., Ltd. ranks first in terms of total assets of 243,255.8 million yuan, which exceeds the total assets of the top five enterprises. The total assets of 72 enterprises exceed 10 billion yuan. Compared with last year, the number of enterprises with assets exceeding 10 billion yuan has increased, and the assets of 300 enterprises exceed 1 billion yuan. Compared with the top ten enterprises in total assets last year, it is not difficult to find that the list of the top ten enterprises in total assets has changed. Hengli Petrochemical Co., Ltd. and Hengyi Petrochemical Co., Ltd. are the top ten companies in total assets ranking in 2018.

From the total profit analysis, 330 petroleum and chemical listed companies have positive total profit and 19 have negative total profit, which indicates that about 94% of the enterprises are in the profit state, indicating that the industry is in good condition. China Petrochemical Co., Ltd., which ranks first among them, has a total profit of 11,520 million yuan, up 33% compared with last year.

It can be seen that under the condition of the slowdown of national economic growth, leading enterprises still maintain medium and high-speed growth, and at the same time promote the stable development of the whole petroleum and chemical industry. Compared with last year, the list of the top 10 enterprises with total profits has changed a lot. Hengli Petrochemical Co., Ltd., Luxi Chemical Group Co., Ltd., Shandong Hualu Hengsheng Chemical Co., Ltd., Hesheng Silicon Industry Co., Ltd. and Andomai Co., Ltd. are among the top 10 companies in total profits in 2018.