Sinochem International deducted non-net profit of 868 million yuan in the first half of 2022, a year-on-year increase of 44.46%

Latest News: Recently, Sinochem International released its 2022 semi-annual report. During the reporting period, the listed company achieved an operating income of 44.413 billion yuan, a year-on-year increase of 13.96%; a net profit of 974 million yuan, a year-on-year decrease 54.55%; net profit after deducting non-deductible items was 868 million yuan, a year-on-year increase of 44.46%.

Sinochem International pointed out that the main financial indicators of the 2022 interim report have increased significantly compared with the same period of the previous year, excluding the income from the sale of shares of Yangnong shares and the operating data of Yangnong shares. Among them, revenue increased by about 38%, net profit increased by about 113%, and non-net profit increased by about 77%.

Talking about the main business during the reporting period, Sinochem International introduced that the listed company vigorously promoted the incremental business with promising market prospects such as nylon 66, aramid, ABS, and lithium battery materials.

In the semi-annual report, Sinochem International disclosed the progress of a number of key projects: In terms of new chemical materials business, its Lianyungang carbon 31 phase hydrogen peroxide process 150,000 tons/year ECH will be put into production in the first quarter of 2022 and run stably, and the production line load will continue to be Improve, realize the coordinated development of dual process routes, and maintain the leading position of ECH in China; the carbon 31 phase phenol, acetone, bisphenol A, PDH and PO projects will advance equipment installation and civil construction in an orderly manner. After the project is fully completed, it will further enrich the company. The product portfolio of intermediates, expand the advantages of integration, and support the development of the material industry.

In addition, the 180,000-ton/year epoxy resin project of Sinochem International Lianyungang Industrial Park will be put into trial production in the second quarter of 2022, forming a total epoxy resin production capacity of 350,000 tons/year, making it a leading domestic epoxy resin enterprise. Seizing the window period for breakthroughs in key core technologies, Sinochem International will deploy high-end nylon material industry based on the energy and resource endowments in the west. The 40,000-ton/year nylon 66 and 25,000-ton/year intermediate J projects in Zhongwei Base will be successfully launched in the second quarter of 2022. , an important step in the material industry; Sennics Thailand’s 25,000-ton/year rubber antioxidant plant was officially put into operation in the second quarter of 2022.

In terms of strategic emerging industries, in the field of new energy, Sinochem International is actively expanding the lithium battery material industry based on the core business of material science. At present, Sinochem International has formed a production capacity of 10,000 tons/year of ternary cathode materials, and the production line is operating stably.

Regarding the main business plan for the second half of the year, Sinochem International introduced that the listed company will insist on technological innovation to drive industrial development, relying on the innovation platform of the Central Research Institute to promote further progress in key technologies, enhance innovation capabilities, and continue to provide impetus for building a leading industrial chain.