In the past few days, an internal speech by Huawei founder Ren Zhengfei has once again made waves in WeChat Moments.
The title of the article is: “The entire company’s operating policy must shift from the pursuit of scale to the pursuit of profits and cash flow.” The article itself is mainly about Huawei’s strategic adjustments to itself, but its judgment on the development trend of the entire global economy has attracted the attention of the entire network.
Ren Zhengfei said: “The global economy will face a recession. Huawei should change its thinking, regard survival as its main agenda, and pass on the cold to everyone.”
Huawei is shouting to survive. Is it a “duck prophet” or an entrepreneur consciously prepared for danger in times of peace? Some people say that Ren Zhengfei has been talking about the crisis almost from the first day he started his business. Every internal speech he makes makes people feel that Huawei is about to go bankrupt. Some people say that the global economic recession has basically reached a consensus, and there is a high probability that all walks of life will encounter a “cold winter” in the next three years.
No one knows what the cold will be like in the future.
However, this year, the textile and chemical fiber industry has already felt a deep chill.
At the end of August, the semi-annual reports of the six private polyester giants were released one after another. Their profits dropped significantly year-on-year, and the cold data revealed a chill to the bone.
Hengli Petrochemical released its 2022 semi-annual performance report on August 15. Data show that the company achieved operating income of 119.175 billion yuan, a year-on-year increase of 13.96%, and net profit of 8.026 billion yuan, a year-on-year decrease of 7.13%.
Rongsheng Petrochemical released its 2022 semi-annual performance report on August 17. Data show that the company achieved operating income of 147.628 billion yuan, a year-on-year increase of 74.88%, and net profit of 5.367 billion yuan, a year-on-year decrease of 18.27%.
Hengyi Petrochemical released its 2022 semi-annual performance report on August 23. Data show that the company achieved total operating income of 79.805 billion yuan, a year-on-year increase of 30.6%; net profit was 1.813 billion yuan, a year-on-year decrease of 18%.
Oriental Shenghong released its 2022 semi-annual performance report on August 19. Data show that the company achieved operating income of 30.242 billion yuan, a year-on-year increase of 15.66%, and net profit of 1.636 billion yuan, a year-on-year decrease of 44.06%.
Tongkun Shares released its 2022 semi-annual performance report on August 23. Data show that the company achieved operating income of 29.852 billion yuan, a year-on-year decrease of 1.11%, and net profit of 2.302 billion yuan, a year-on-year decrease of 44.32%.
Xinfengming released its 2022 semi-annual performance report on August 30. Data show that the company achieved total operating income of 23.715 billion yuan, a year-on-year increase of 0.1%; net profit was 394 million yuan, a year-on-year decrease of 70.3%.
The leading companies in the above industries all have the advantage of integrating the entire petrochemical and chemical fiber industry chain, and their risk resistance and market competitiveness are stronger than other small and medium-sized chemical fiber and polyester companies. If the performance of large enterprises is like this, the operating pressure on small and medium-sized enterprises can be imagined.
However, despite the huge pressure and the cold weather, the pace of investment and expansion of large-scale polyester leading enterprises has not stopped. Instead, they have chosen to buck the trend and continue their strategic layout. Although the focus of enterprises is different, some are upstream petrochemical projects and some continue to focus on polyester filament, the pace of steady expansion has not slowed down.
Hengli Petrochemical:
Total investment is 50 billion! Hengli builds polyester technology industrial park
On February 8, the groundbreaking ceremony of Hengli (Dalian Changxing Island) Polyester Technology Industrial Park was held.
Hengli (Dalian Changxing Island) Polyester Technology Industrial Park is constructed in three phases. Relying on the advantages of raw materials and industrial chain, it focuses on building five major industries: degradable materials, functional polyester materials, high-performance resin materials, high-end fiber materials, and new energy materials. chain. The first phase of the project, with a total investment of 26 billion yuan, focuses on the construction of 2.6 million tons/year functional polyester, 1.6 million tons/year high-performance resin and supporting terminals, storage and transportation projects. It is planned to be completed and put into operation in 2023. It is expected to achieve an annual output value of 42 billion yuan and profits and taxes of 10 billion yuan.
In mid-June, Hengli Petrochemical (Dalian) New Materials Technology Co., Ltd.’s 1.6 million tons/year fine chemical project was accepted for environmental impact assessment.
As a subsidiary of Hengli Petrochemical, Hengli Petrochemical (Dalian) New Materials Technology Co., Ltd. plans to invest nearly 15.6 billion to build up to 12 sets of devices for PO, acrylic acid and esters, acrylonitrile, ABS, etc., thereby extending the Hengli Petrochemical industry. chain, complement the chain, and further achieve integration. On July 30, more than 10 key devices of the project started construction across the board.
It is reported that Hengli Petrochemical (Dalian) New Materials Technology Co., Ltd. can complete all on-site civil construction work from the end of October to November this year. The installation will be completed in the first half of next year, and the step-by-step commissioning and production will be completed. The company estimates that it will take one year. Complete construction of new projects. In addition, Hengli Polyester Technology Park’s second phase project with an investment of 20 billion yuan is also carrying out preliminary work such as environmental impact assessment and is expected to start construction in the second half of this year.
Rongsheng Petrochemical:
Relay investment in three major projects under the strategy of “reducing oil and increasing energy”, totaling 117.8 billion yuan
On August 17, Rongsheng Petrochemical successively issued announcements that it would invest in the construction of 1.4 million tons/year ethylene and downstream chemical equipment projects, high-performance resin projects and high-end new material projects, with a total investment of 117.8 billion yuan.
Among them, Zhejiang Petrochemical’s high-end new materials project is expected to have a total investment of 64.1 billion yuan. After the project is completed, it can achieve an average annual operating income of 64.5 billion yuan. This project is mainly to tap the potential and increase efficiency of the relevant devices of the 40 million tons/year refining and chemical integration project. 1.4 million tons/year ethylene and downstream chemical equipment (Phase II)p>
Xin Fengming:
For the first time outside of Zhejiang, 300,000 tons of green functional staple fibers in Xuzhou were successfully put into production
On August 27, Li Guoping, vice president of Xinfengming Group, personally pressed the feeding instructions, and the first phase of the XCPD01/02 unit of Xinfengming Xuzhou base with an annual output of 300,000 tons of green functional short fiber project was successfully put into operation. The ester production capacity reaches 7.2 million tons, of which short fiber production capacity reaches 900,000 tons.
The project adopts advanced low-temperature, refined and flexible “one-end and two-tails” melt direct spinning process technology. The spinning part adopts a number of special technology, advanced technology, well-equipped, equipped with the most advanced spinning, winding, drafting equipment, fully automatic baling machine, intelligent warehousing system, etc. High-end high-strength cotton, spunlace, vortex spinning, three-dimensional hollow, color fiber and other series of products can be customized according to customer needs. The group’s independently developed full-process intelligent digital management system integrates production, warehousing and logistics. It is the leading intelligent manufacturing factory in the domestic chemical fiber industry.
This project is Xinfengming’s first time to go out of Zhejiang to develop projects outside the province. Its smooth operation has enhanced the group’s industry competitiveness in the short fiber field, enriched its product structure, and formed a new pattern of product differentiation and diversification. It has also provided enterprises with R&D innovation injects new vitality and improves the company’s core competitiveness and industry influence.
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