On November 30, a press conference of Top 500 petroleum and chemical enterprises by sales revenue and a Summit Forum on Accelerating the Building of World-class Enterprises was held in Beijing, hosted by China Petroleum and Chemical Industry Federation and China Chemical Enterprise Management Association and undertaken by Chemical Industry Management magazine. Zhongtai Chemical was ranked 15th and 17th in the list of "Top 500 Petroleum and chemical Enterprises by sales Revenue in 2022" and "Top 500 Petroleum and chemical Listed Companies by sales Revenue in 2022" respectively.
Zhongtai Chemical is the largest chlor-alkali manufacturer in China, mainly producing polyvinyl chloride resin (PVC), ionic membrane caustic soda, viscose fiber, viscose yarn four major products. In recent years, relying on the abundant natural resources of coal, raw salt, limestone and so on in Xinjiang, the company has continuously improved the management level, continuously optimized the upstream and downstream industrial chain, and constantly improved the product quality, forming a complete upstream and downstream integrated circular economy industrial chain of coal-thermoelectricity, chlor-alkali chemical industry, viscose fiber and viscose yarn.
In 2022, under the influence of the economic downward pressure and the COVID-19 epidemic, Zhongtai Chemical focused on its main business, ensured safe and stable production, kept close to the market to serve customers, steadily promoted project construction, and minimized the impact on production and operation. In the first three quarters, the revenue was 41.132 billion yuan, the operating performance was stable, and the net profit attributable to the shareholders of the listed company was 1.155 billion yuan. The company was successfully listed in the 2022 Fortune China 500, ranking 222nd.
Next, on the one hand, the company will actively engage in the modern coal chemical industry and invest in the construction of coal-based new material upgrading demonstration projects; On the other hand, the traditional coal chemical industry will be upgraded, focusing on the main industry, giving full play to the head effect of the industry. Through project construction, the chain will continue to supplement, extend, expand and strengthen the chain, further improve the safety, stability and efficiency of the industrial chain, and promote the upgrading of the traditional coal chemical industry. At the same time, it will enhance its R&D and innovation capability, increase the investment in production, university and research, and further enhance the brand value of "Sino-Thai Chemistry" by continuously strengthening the multi-dimensional management of market service, product upgrading and R&D investment.