Petroleum and petrochemical equipment industry grows rapidly

The reporter learned from the China Petroleum and Petrochemical Equipment Industry Association that thanks to the high level of world crude oil prices, China’s petroleum and petrochemical equipment manufacturing industry showed rapid development in 2005. In 2005, there were 909 enterprises above designated size in the industry, with total assets of 51.87 billion yuan, an increase of 23.3% over the previous year; sales revenue of 47.86 billion yuan, an increase of 35.9%; and a profit of 3.04 billion yuan, an increase of 65. .6%; completed export delivery value of 5.18 billion yuan, an increase of 82.8%.

Affected by the high price of crude oil, China's oil drilling and production equipment manufacturing industry benefited significantly. The industry's overall efficiency was improved. The sales revenue was 19.94 billion yuan, an increase of 44% over the previous year; the total profit was 1.82 billion yuan, an increase of 70. .6%; the number of loss-making enterprises fell from 57 to 37, and the loss decreased by 25%. The oil refining and chemical industries are affected by oil price upside down. At the same time, as domestic demand for energy continues to increase, petrochemical companies have to accelerate equipment upgrades and energy-saving reforms in order to reduce costs. As a result, demand for petrochemical equipment is still growing rapidly and sales are achieved throughout the year. The income was 12.84 billion yuan, an increase of 39.7% over the previous year; the total profit was 589 million yuan, an increase of 68.5%; the number of loss-making enterprises was reduced from 55 to 45, but the loss amount increased, indicating that the industry unbalanced development.

There are two points worth paying attention to. First, the industry's new product export delivery value has been growing at the same time. Through active adjustment of product structure, the company continuously enhances its core competitiveness and new products are constantly emerging. The annual oil drilling and refining and chemical equipment manufacturing industry completed a new product output value of 4.97 billion yuan, an increase of 58.9% over the previous year, but the new product rate growth was not significant, only an increase of 1.5 percentage points, indicating that the company's new products The development efforts need to be further strengthened. Second, the export of oil drilling and refining and chemical equipment maintained a high growth rate, which was an increase of 241.3% and 42.3% respectively over the previous year. The high growth rate of drilling equipment reflects the rapid growth of the world's petroleum machinery demand. It also shows that China's oil drilling equipment has occupied a certain status in the global market; while the growth rate of oil refining and chemical equipment, despite the rapid growth of exports, has declined compared to the previous year. And most of the key equipment in large-scale petrochemical plants are still dependent on imports, and most of the export products are ordinary products with small added-value of small enterprises.

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