On September 23, the Jiangsu Federation of Industry and Commerce released the “Top 200 Private Enterprises in Jiangsu in 2021” and the “Top 100 Private Enterprises in Jiangsu Manufacturing in 2021”.
Data show that the entry threshold for the top 200 private enterprises reaches 5.86 billion yuan; private enterprises in the manufacturing industry The entry threshold for the top 100 companies is 7.6 billion yuan.
At the same time, on September 23, the Zhejiang Provincial Market Supervision Bureau and the Provincial Federation of Industry and Commerce jointly announced the “Top 100 Private Enterprises in Zhejiang Province in 2021” list. This year, the entry threshold for the top 100 private enterprises in Zhejiang is 14.98 billion yuan, which is 25.5% higher than the previous year’s 11.94 billion yuan.
The Jiangsu and Zhejiang regions are China’s main polyester production areas. As can be seen from the figure below, the polyester production capacity of Zhejiang and Jiangsu provinces accounts for approximately 77% of the country’s total polyester production capacity.
At present, there are several major leaders in Jiangsu and Zhejiang who are “vertical and horizontal” in the domestic polyester market.
“Jianghu people” often joke that Rongsheng and Hengyi are the “Xiaoshan duo”, Hengli and Shenghong are the “Shengze duo”, and the polyester “masters” located in Tongxiang are It’s Tongkun Group and Xinfengming. Every move and move of the masters can arouse great concern in the domestic polyester industry.
The two lists were released at the same time. You will know a little bit about who is better after reading it!
Top 200 Private Enterprises in Jiangsu in 2021 (Chemical Fiber Related Enterprises)
Top 100 Private Enterprises in Zhejiang Province in 2021 (Chemical Fiber Related Enterprises)
It is expected that by 2023, the domestic production capacity of the top six domestic polyester companies will account for more than 50%!
Under the special environment of 2020 and the first half of 2021, facing unprecedented challenges, the six leading domestic polyester companies have still achieved outstanding results.
Profitability indicators of leading polyester companies in the first half of 2021
After analyzing the financial performance of leading polyester companies in 2020 and the first half of 2021, we can see that companies with more complete industrial chain support will have stronger risk resistance and corporate profits will be relatively more secure. Therefore, in recent years, leading companies in the polyester industry have tended to extend to upstream industries, such as Hengli Refining and Chemical’s 20 million tons/year refining and chemical integration project, Tongkun Co., Ltd. and Rongsheng Petrochemical’s investment in Zhejiang Petrochemical’s 40 million tons/year Refining and chemical integration project, Hengyi Petrochemical Brunei PMB petrochemical project, and industrial chain integration are the general trend for the future development of polyester companies. In the entire industrial chain of crude oil – naphtha – PX – PTA – polyester – weaving, fluctuations in crude oil prices, the degree of capacity expansion in each link, terminal textile and apparel consumer demand, monetary policy, exchange rate changes and other factors will affect the industrial chain. Internal profit distribution. The integrated upstream and downstream industry chain layout will effectively lock in the profits of the entire industry chain. At the same time, integrated production can ensure the supply of raw materials, enhance the company’s risk resistance and profitability, and enhance the company’s scale and comprehensive strength.
At present, Hengli, Rongsheng and Hengyi have relatively complete supporting facilities in the polyester industry chain. Tongkun and Xinfengming have larger new additions in the PTA and polyester end. , Shenghong’s refining and chemical integration project is also being gradually followed up. In the future, the supporting facilities of the entire industry chain of leading polyester enterprises will continue to improve, and the competitiveness of enterprises will continue to increase.
The supporting situation of the industrial chain of leading polyester enterprises (10,000 tons)
In addition, all aspects of the polyester industry have shown the characteristics of increasing concentration and obvious advantages of scale in recent years. In terms of the polyester segment, in recent years, leading companies have been responsible for the vast majority of polyester production capacity, continuously accelerating production capacity layout, market share continues to increase, and corporate voice continues to increase. The six major companies, Hengli, Hengyi, Rongsheng, Tongkun, Xinfengming and Shenghong, together account for nearly 50% of polyester production capacity. Judging from the later stage of production, there are still many layouts of leading major factories. For example, Hengli Jiangsu Xuanda 1.5 million tons (Hengke Phase III project) has been launched, the 1.2 million tons Deli Phase II project, the 1.4 million tons high-performance industrial The silk project is in the planning stage and will be gradually and quickly started construction according to the approval progress or project implementation conditions; the construction of Tongkun Jiangsu Nantong Rudong Yangkou Port polyester integration project with an annual output of 5 million tons of PTA and 2.4 million tons of polyester spinning projects has been completed The application for approval has been completed and is in the full construction stage. There are 500 texturing machines and 10,000 looms in Shuyang, Jiangsu, with an annual output of 2.4 million.tons of filament (short fiber) project has been successfully launched. On June 22, 2021, Tongkun Co., Ltd. and Fujian Fuhua Gulei Petrochemical Co., Ltd. jointly signed the “Annual Production of 2 Million Tons” with the Management Committee of Gulei Port Economic Development Zone, Zhangzhou, Fujian. “Polyester Fiber Project Investment Agreement”, the project plans to acquire about 1,800 acres of new planned land in the main factory area, forming an annual production capacity of 2 million tons of polyester fiber, and building 500 texturing machines and 2,000 loom projects; Xinfengming The Xinyi Industrial Base polyester project has officially started construction. The project has a total investment of 18 billion. It will build 9 sets of internationally leading melt direct spinning and straight film production lines, with a layout of 2.7 million tons of differentiated fibers. It is planned to start at the end of October 2022. It was gradually completed and put into production.
It is expected that by 2023, the domestic production capacity of the top six domestic polyester companies will account for more than 50%. Since the profitability of the polyester industry is greatly affected by the price of raw materials, especially oil prices, some small and medium-sized enterprises have weak technology, incomplete industrial supporting facilities, and weak ability to withstand risks. In the future, they will be gradually eliminated and merged and acquired during the industry development cycle. avoid. </p
