According to Oriental Fortune Choice data statistics, the list of the top 500 Chinese listed companies by market value in 2021 was announced. Data shows that at the end of 2021, the total market value of the top 500 companies was approximately 80 trillion yuan, a slight decline from 86 trillion yuan in 2020. However, the threshold for inclusion on the list of top 500 companies has increased compared with the previous year, setting a new record high again. The market value threshold is 41.6 billion yuan, a slight increase of 3 billion yuan from 2020, setting a new record high again. Except for slight fluctuations from 2015 to 2018, the overall trend of the market capitalization threshold of the top 500 companies has been rising.
7 chemical fiber companies are listed
List of China’s Top 500 Listed Companies by Market Value in 2021
In this list, Zhejiang Rongsheng Holding Group Co., Ltd. (Rongsheng Petrochemical), Hengli Group Co., Ltd. (Hengli Petrochemical), Shenghong Holding Group Co., Ltd. (Oriental Shenghong), Shanghai Cathay Biotechnology Co., Ltd. Seven chemical fiber companies including Cathay Biotech, Tongkun Group Co., Ltd. (Tongkun Group), Huafeng Chemical Co., Ltd. (Huafeng Chemical), and Weihai Guangwei Composite Materials Co., Ltd. (Guangwei Composite Materials) have entered the market. List.
(Data source: Oriental Fortune Choice data. The statistical objects are all A-share companies as of December 31, 2021, as well as companies whose main business is in the mainland but listed in Hong Kong, China and the United States. For A-share companies, the A-share data shall prevail, excluding For A shares, the data is based on the first place of listing, for A shares, it is based on the place of registration, and for non-A shares, it is based on the actual headquarters or office location)
After the market value soared by 100 billion
Hengli Petrochemical and Rongsheng Petrochemical, who is the “King of Chemical Fibers” in A-shares?
Chemical fiber is an important sub-industry of the chemical industry. It is connected to important chemical raw materials such as PTA and PX at the top and clothing and textiles at the bottom. At present, my country is the world’s largest chemical fiber producer. Major domestic manufacturers include Hengli Petrochemical, Rongsheng Petrochemical, Hengyi Petrochemical, Dongfang Shenghong, Tongkun Co., Ltd. and Xinfengming. Among them, Hengli Petrochemical and The scale of Rongsheng Petrochemical far exceeds that of other companies. As of the end of 2020, the total polyester production capacity of the six major factories, Hengyi, Tongkun, Xinfengming, Hengli, Shenghong and Rongsheng, was 25.88 million tons/year, accounting for more than 40% of the total domestic polyester production capacity.
It is worth mentioning that in recent years, the four major private petrochemical companies, Hengli Petrochemical, Rongsheng Petrochemical, Hengyi Petrochemical and Dongfang Shenghong, have focused on polyester, expanded upstream and downstream, and invested in the construction of large-scale integrated refining and chemical plants. To build a whole industry chain structure and improve profitability. Hengli Petrochemical and Rongsheng Petrochemical, which were the first to be completed and put into operation, enjoyed the first wave of dividends. After the refining and chemical operations were put into operation, their market values soared to 100 billion within half a year.
After the market value of the two companies soared to 100 billion, the total market value was indistinguishable, and the “top spot” in chemical fiber has been taking turns. Taking 2020 as an example, Hengli Petrochemical ranked first with a market value of 196.9 billion yuan.
Top 500 Chinese companies by market value in 2020 (chemical fiber companies)
Hengli Petrochemical’s business covers the entire industrial chain of petroleum refining, petroleum and polyester chemical fiber. Its main products include PX, acetic acid, PTA, polyester chips, civilian polyester filament, industrial polyester filament, polyester film, engineering plastics, etc. , the first company in China to realize the integration of the entire “crude oil-PX-PTA-polyester” industry chain.
Currently, Hengli Petrochemical has an upstream PX production capacity of 4.5 million tons per year. It has the largest equity interest in PX production capacity in China, accounting for 20%. Some of its midstream PTA products are for self-use and some are exported. The scale of PTA equity is the largest in the world, accounting for 20% of global production capacity. . In 2020, Hengli Petrochemical’s integrated refining and chemical project with an annual output of 20 million tons will be fully put into operation. The company’s production capacity scale will reach a new level. With the cost reduction brought by the advantages of scale and the synergy brought by the integrated industry, the product tons It is fully ahead in major financial indicators such as cost, gross profit per ton, and gross sales profit margin, and is favored by the market. In just four years from its backdoor listing in 2016 to 2020, it has achieved a huge breakthrough from a market value of less than 40 billion to a market value of more than 200 billion.
The main business of Rongsheng Petrochemical is similar to Hengli Petrochemical, which mainly includes the production and sales of petrochemical and chemical fiber products. Its main products include more than 30 varieties of gasoline, diesel, kerosene, PTA, polyester, etc. It is also a company with “crude oil-PX-PTA” -Polyester” full industry chain company, its holding subsidiary Zhejiang Petrochemical has an integrated refining and chemical project with an annual output of 40 million tons. Currently, the first and second phases of the project have been successfully put into operation. In the long term, the second phase of the Zhejiang Petrochemical Project has been put into operation, and there are still three phases planned. The world’s leading refining and chemical base is gradually taking shape, which will push the company’s profit scale to a new level.
For chemical fiber people, we are very proud that chemical fiber companies such as Rongsheng Petrochemical and Hengli Group have achieved such remarkable results. We would like to give these companies a big thumbs up! Who will come out on top in this fierce competition in the future? We’ll see!
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