Q2 performance of 60 global chemical industry enterprises released
2023/9/5
Asia
Rongsheng Petrochemical achieved a revenue of 154.525 billion yuan in the first half of 2023, a year-on-year increase of 4.67%; The net profit attributable to shareholders of the listed company was -1127 billion yuan, compared to 5.367 billion yuan in the same period last year. Among them, in the second quarter of 2023, it achieved a revenue of 84.805 billion yuan, a year-on-year increase of 7.31%, and a month on month increase of 21.64%; The net profit attributable to the parent company was 341 million yuan, a year-on-year decrease of 84.84% and a month on month increase of 123.24%.
Hengli Petrochemical achieved a revenue of 109.429 billion yuan in the first half of 2023, a year-on-year decrease of 8.16%; The net profit attributable to the parent company was 3.049 billion yuan, a year-on-year decrease of 62.01%. Among them, the main revenue in the second quarter was 53.303 billion yuan, a year-on-year decrease of 18.95%; The net profit attributable to the parent company in a single quarter was 2.029 billion yuan, a year-on-year decrease of 46.65%, and a month on month increase of 98.92% compared to the first quarter.
China Chemical's operating revenue in the first half of 2023 was approximately 90.929 billion yuan, a year-on-year increase of 21.57%; The net profit attributable to shareholders of the listed company was approximately 2.946 billion yuan, an increase of 11.23% year-on-year.
Wanhua Chemical achieved a revenue of 87.6 billion yuan in the first half of 2023, a year-on-year decrease of 1.67%, and a net profit of 8.568 billion yuan, a year-on-year decrease of 17.48%. In the second quarter, revenue decreased by 3.48% year-on-year to 45.687 billion yuan, and net profit decreased by 9.86% year-on-year to 4.515 billion yuan.
Dongfang Shenghong's main revenue in the first half of 2023 was 65.90 billion yuan, a year-on-year increase of 117.91%; The net profit attributable to the parent company was 1.68 billion yuan, a year-on-year increase of 3.21%. The main revenue in the second quarter was 36.365 billion yuan, a year-on-year increase of 120.81%; The net profit attributable to the parent company was 963 million yuan, a year-on-year increase of 2.09%.
Hengyi Petrochemical achieved a main revenue of 64.316 billion yuan in the first half of 2023, a year-on-year decrease of 19.41%; The net profit attributable to the parent company was 76082400 yuan, a year-on-year decrease of 95.8%; The deduction of non net profit was 73010600 yuan, a year-on-year decrease of 96.06%. In the second quarter of 2023, the main revenue was 35.935 billion yuan, a year-on-year decrease of 22.81%; The net profit attributable to the parent company was 41.2361 million yuan, a year-on-year decrease of 96.19%.
Tongkun Group achieved a revenue of 36.897 billion yuan in the first half of 2023, a year-on-year increase of 23.60%; The net profit was 105 million yuan, a year-on-year decrease of 95.42%. The main revenue in the second quarter was 20.984 billion yuan, a year-on-year increase of 24.48%; The net profit attributable to the parent company in a single quarter was 595 million yuan, a year-on-year decrease of 25.2%.
In the first half of 2023, Yuntianhua achieved a revenue of 35.219 billion yuan, a year-on-year decrease of 3.83%; The net profit was 2.678 billion yuan, a year-on-year decrease of 22.74%. The main revenue in the second quarter was 19.333 billion yuan, a year-on-year decrease of 10.74%; The net profit attributable to the parent company in a single quarter was 1.105 billion yuan, a year-on-year decrease of 39.28%.
The operating revenue of Sinochem International in the first half of 2023 was approximately 29.021 billion yuan, a year-on-year decrease of 34.66%; The net profit loss attributable to the shareholders of the listed company is approximately 164 million yuan. The main revenue in the second quarter was 14.255 billion yuan, a year-on-year decrease of 44.25%; The net profit attributable to the parent company in a single quarter was -277 million yuan, a year-on-year decrease of 147.72%.
New Fengming's operating revenue in the first half of 2023 was approximately 28.183 billion yuan, an increase of 18.84% year-on-year; The net profit attributable to the parent company was approximately 479 million yuan, an increase of 21.77% year-on-year. The operating revenue in the second quarter was 15.673 billion yuan, a year-on-year increase of 19.53%. The company's net profit attributable to the parent company was 290 million yuan, a year-on-year increase of 166.35%.
Zhongtai Chemical's operating revenue in the first half of 2023 was approximately 20.442 billion yuan, a year-on-year decrease of 30.35%; The net profit loss attributable to shareholders of the listed company was approximately 951 million yuan, a year-on-year decrease of 183.04%. In the second quarter, the company achieved a revenue of 9.735 billion yuan, a year-on-year decrease of 32.13%; The net profit was RMB 629 million, a year-on-year decrease of 189.49%.
Jinfa Technology achieved a revenue of approximately 20.349 billion yuan in the first half of 2023, a year-on-year increase of 4.53%; The net profit was approximately 469 million yuan, a year-on-year decrease of 41.53%. In the second quarter, the total operating revenue was 10.666 billion yuan, a year-on-year increase of 6.56%; The net profit attributable to the parent company was 170 million yuan, a year-on-year decrease of 55.29%.
Satellite Chemistry achieved a revenue of 20.014 billion yuan in the first half of 2023, a year-on-year increase of 6.38%; Realized a net profit attributable to the parent company of 1.843 billion yuan, a year-on-year decrease of 34.13%. The operating revenue in the second quarter was 10.599 billion yuan, a slight decrease of 0.72% year-on-year; The net profit was 1.136 billion yuan, a year-on-year decrease of 10.31%.
Huayi Group's operating revenue in the first half of 2023 was approximately 19.576 billion yuan, an increase of 0.37% year-on-year; The net profit attributable to shareholders of the listed company was approximately 111 million yuan, a year-on-year decrease of 89.23%.
Mitsubishi Chemical's sales revenue in the second quarter of 2023 was 1061.2 billion yen, a year-on-year decrease of 4.1%; The net profit attributable to the owners of the parent company was 42.536 billion yen, a year-on-year decrease of 5.2%.
Mitsui Chemical's sales revenue in the second quarter of 2023 was 407.9 billion yen, a year-on-year decrease of 14.3%; The net profit attributable to the owners of the parent company was 9.6 billion yen, a year-on-year decrease of 65.7%.
Xinyue Chemical's sales revenue in the second quarter of 2023 was 599.2 billion yen, a year-on-year decrease of 9%; The net profit attributable to the owners of the parent company was 153.6 billion yen, a year-on-year decrease of 17%.
Asahi Chemical's sales revenue in the second quarter of 2023 was 650.7 billion yen, a year-on-year decrease of 2.9%; The net profit attributable to the owners of the parent company was 9.59 billion yen, a year-on-year decrease of 67.8%.
Sumitomo Chemical's sales revenue in the second quarter of 2023 was 563.1 billion yen (approximately 3.88 billion US dollars), compared to 774.1 billion yen in the same period last year. The net loss attributable to the shareholders of the parent company was 33.2 billion yen, while the net profit for the same period last year was 70 billion yen.
Dongli's net profit in the second quarter of 2023 decreased by 65% year-on-year, to 13.9 billion yen. The sales revenue portion of operating revenue decreased by 5% to 578 billion yen.
South Korean LG Chemical's sales in the second quarter of 2023 reached 14.5415 trillion won, a year-on-year increase of 18.8%; The operating profit was 615.6 billion Korean won, a year-on-year decrease of 29.9%. Among them, the sales revenue of the petrochemical business is 4.5589 trillion won, and the operating loss is 12.7 billion won.
Lotte Chemical's sales in the second quarter of 2023 were 5002 billion won (approximately 3.78 billion US dollars), compared to 5318 billion won in the same period last year, a year-on-year decrease of 5.9%. The quarterly net loss was 140 billion won, and the net profit for the same period last year was 36 billion won.
SABIC's sales in the second quarter of 2023 were 37.17 billion Saudi Riyals (9.91 billion US dollars); Net profit was 1.18 billion Saudi Riyals ($310 million), an increase of 79% compared to the previous quarter.
Europe
BASF's sales in the second quarter of 2023 amounted to 17.3 billion euros, a year-on-year decrease of 24.7%; Excluding special items, earnings before interest, tax, depreciation, and amortization decreased by 1.3 billion euros to 1.9 billion euros; Earnings before interest, tax, depreciation, and amortization decreased by 1.5 billion euros to 1.9 billion euros; The net income was 499 million euros, compared to 2.1 billion euros in the same period last year.
Bayer Group's sales in the second quarter of 2023 were 11.044 billion euros, a year-on-year decrease of 8.2%; Excluding special items, EBITDA was 2.527 billion euros, a year-on-year decrease of 24.5%. The net profit was 1.887 billion euros, compared to -298 million euros in the same period last year.
Syngenta Group's operating revenue in the first half of the year was $17.5 billion, a year-on-year decrease of 3%, and EBITDA was $3.2 billion, a year-on-year decrease of 7%. The operating revenue for the second quarter was $8.3 billion, with an EBITDA of $1.4 billion.
Linde's sales in the second quarter of 2023 were $8.2 billion, a year-on-year decrease of 3%; The net profit attributable to the parent company was $1.575 billion, compared to $372 million in the same period last year.
The revenue of Air Liquide Group in the first half of 2023 reached 13.9 billion euros, a year-on-year decrease of 1.6%; The net profit (group shares) reached 1.72 billion euros, a year-on-year increase of 32%.
The sales of Henkel Group in the second quarter of 2023 were 5.316 billion euros, a year-on-year decrease of 5.8%. In the first half of 2023, sales reached 10.9 billion euros, an increase of 0.1% compared to the same period last year; Operating profit (pre interest and tax profit) increased significantly to 1.254 billion euros, a year-on-year increase of 7.6%.
Yara's revenue in the second quarter of 2023 was 3.943 billion US dollars, compared to 6.453 billion US dollars in the same period last year. The quarterly net loss was $298 million, with a net profit of $667 million for the same period last year.
Evonik's sales in the second quarter of 2023 decreased by 19% compared to the same period last year, to 3.89 billion euros. EBITDA was € 450 million, a year-on-year decrease of 38%, but slightly improved from the first quarter (€ 409 million).
Ineos Group's revenue in the second quarter of 2023 was 3.722 billion euros (approximately 4.04 billion US dollars), compared to 6.055 billion euros in the same period last year. The quarterly net loss was 18.5 million euros, and the net profit for the same period last year was 567 million euros.
In the second quarter of 2023, Covestro achieved group sales of 3.7 billion euros, a year-on-year decrease of 20.9%; EBITDA reached 385 million euros, a year-on-year decrease of 29.6%; The total net profit was 46 million euros, a year-on-year decrease of 76.9%.
Solvay's net sales in the second quarter of 2023 were 3.087 billion euros, a year-on-year decrease of 11.2%; EBITDA was € 790 million, a year-on-year decrease of 8.6%. In the first half of 2023, the net sales revenue was 6.254 billion euros, a year-on-year decrease of 4.3%; EBITDA was 1.629 billion euros, an increase of 3.4% year-on-year.
DSM Firmenich achieved sales of 3.03 billion euros (approximately 3.29 billion US dollars) in the second quarter of 2023, compared to 3.335 billion euros in the same period last year, a decrease of 9% year-on-year. The quarterly adjusted EBITDA profit was 408 million euros, compared to 582 million euros in the same period last year, a decrease of 30% year-on-year.
Akzo Nobel's sales in the second quarter of 2023 were 2.741 billion euros, a year-on-year decrease of 4%; The operating revenue was 279 million euros, a year-on-year increase of 36%; In the first half of 2023, the sales revenue reached 5.398 billion euros, which is basically the same as last year.
Akoma's sales in the second quarter of 2023 reached 2.4 billion euros, a year-on-year decrease of 23%; EBITDA was 417 million euros, a decrease from the extremely high performance of 705 million euros in the second quarter of 2022.
Wacker Group achieved sales of 1.75 billion euros in the second quarter of 2023, a year-on-year decrease of 19%; EBITDA of 256 million euros, a year-on-year decrease of 59%; The net profit was 119 million euros.
In the second quarter of 2023, Langsheng's sales decreased by 11.1% from 1.999 billion euros in the same period last year to 1.778 billion euros. The profit before interest, tax, depreciation, and amortization (EBITDA) within the regular business scope decreased by 57.7% from 253 million euros to 107 million euros.
Klein's sales in the second quarter of 2023 were 1.084 billion Swiss francs, a year-on-year decrease of 17%; The EBITDA profit margin was 16.1%, lower than the 16.6% in the same period last year. The sales revenue in the first half of 2023 was 2.284 billion Swiss francs, a year-on-year decrease of 3%; The EBITDA profit margin is 15.0%, compared to 17.0% in the same period of 2022.
North America
Dow's net sales in the second quarter of 2023 were $11.4 billion, a year-on-year decrease of 27%; Sales decreased by 8% year-on-year. The net profit was $501 million, compared to $1.661 billion in the same period last year.
LyondellBasell's sales revenue in the second quarter of 2023 was $10.306 billion, compared to $14.838 billion in the same period last year. The net profit was 715 million US dollars, a year-on-year decrease of 68.7%; EBITDA was $1.4 billion, a year-on-year decrease of 41.7%.
Ecolab's net sales were $3.852 billion, compared to $3.581 billion in the same period last year. The quarterly net profit attributable to the company was $330 million, compared to $308 million in the same period last year.
Nutrien's sales in the second quarter of 2023 were $11.654 billion, compared to $14.506 billion in the same period last year. The quarterly net profit was $448 million, compared to $3.601 billion in the same period last year.
Xuanwei's net sales in the second quarter of 2023 reached 6.24 billion US dollars, an increase of 6.3%; The net profit was 794 million US dollars. In the first half of 2023, the sales revenue reached 11.683 billion US dollars, a year-on-year increase of 7.5%; The net profit was $1.271 billion, a year-on-year increase of 33.93%.
Meisheng's revenue in the second quarter of 2023 was $3.394 billion, a year-on-year decrease of approximately 37%; The net profit was 369 million, a year-on-year decrease of 64.3%; EBITDA increased by 31.4% year-on-year to $1.28 billion.
PPG's net sales in the second quarter of 2023 were 4.872 billion US dollars, a year-on-year increase of 4%; The net profit was $490 million, an increase of 11% year-on-year. In the first half of 2023, the net sales revenue was 9.252 billion US dollars, a year-on-year increase of 2.8%; The net profit was 754 million US dollars, a year-on-year increase of 64%.
International essence and Fragrance Company (IFF) announced its performance in the second quarter of 2023. Quarterly net sales were $2.929 billion, compared to $2.207 billion in the same period last year. The quarterly net profit attributable to the company's shareholders was $27 million, compared to $107 million in the same period last year.
West Lake Chemical Group's net sales in the second quarter of 2023 were 3.3 billion US dollars; Net income of 297 million US dollars, a year-on-year decrease of 65.4%; EBITDA was $690 million, a year-on-year decrease of 52.6%.
DuPont's net sales in the second quarter of 2023 were $3.1 billion, a year-on-year decrease of 7%; The quarterly net loss attributable to the company's shareholders was $131 million, and the net profit for the same period last year was $787 million.
The sales revenue of air products in the second quarter of 2023 was 3.2 billion US dollars, a year-on-year increase of 9%; GAAP's net profit was $450 million, a year-on-year decrease of 16%; The adjusted EBITDA was $1.151 billion, a year-on-year increase of 13%.
Eastman's sales revenue in the second quarter of 2023 was $2.324 billion, a year-on-year decrease of 16.5%; Profit before interest and tax was $323 million, a year-on-year decrease of 24.2%; Adjusted pre interest and tax profit was $336 million, a year-on-year decrease of 28.4%.
CF's net sales in the second quarter of 2023 were $1.775 billion, a year-on-year decrease of 48%; The net profit attributable to ordinary shareholders was $527 million, a sharp decrease of 55% year-on-year.
Celanese's net sales in the second quarter of 2023 were $2.795 billion, a year-on-year increase of 13.25%; The net income was $221 million, a year-on-year decrease of 49.3%.
Huntsman's revenue in the second quarter of 2023 was $1.596 billion, a year-on-year decrease of 26.45% (2022: $2.17 billion); Net income was $19 million, a year-on-year decrease of 91.7% (2022: $228 million); The adjusted EBITDA was $156 million, a year-on-year decrease of 62% (2022: $410 million). In the first half of 2023, the revenue was 3.2 billion US dollars, a year-on-year decrease of 26.6%; Net income was 172 million US dollars, a year-on-year decrease of 71.8%; The adjusted EBITDA was $292 million, a year-on-year decrease of 63.4%.
Yabao's net sales in the second quarter of 2023 were 2.37 billion US dollars, a year-on-year increase of 60.2%; Net income of 650 million US dollars, a year-on-year increase of 59.8%; The adjusted EBITDA was $1.032 billion, a year-on-year increase of 69.2%.
Kedihua's operating revenue in the second quarter of 2023 was $880 million, a year-on-year decrease of 12%; EBITDAI was $1.75 billion, a year-on-year increase of 2%. In the first half of 2023, the operating revenue was 1.49 billion US dollars, a decrease of 6% compared to the same period last year; EBITDA was $2.98 billion, an increase of 8% year-on-year.
Fumeishi's revenue in the second quarter of 2023 was $1.01 billion, a decrease of 30% compared to the same period last year; Net income was $32.4 million, a decrease of 75% compared to the second quarter of 2022; The adjusted EBITDA was $187.6 million, a decrease of 48% compared to the same period last year.
Kemu's net sales in the second quarter of 2023 were 1.6 billion US dollars, a year-on-year increase of 14%; Adjusted net income of $167 million; The adjusted EBITDA was $324 million, a year-on-year decrease of 32%.
ASD's net sales in the second quarter of 2023 were $1.294 billion, a year-on-year increase of 4.78%; The total operating revenue was 137.6 million US dollars, a year-on-year increase of 32.82%; The net income was 61 million US dollars, a year-on-year increase of 27.87%; Adjusted pre interest and tax profit was $154.5 million, a year-on-year increase of 2.59%.
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