Wynca ranked 93rd in the 2022 Top 500 list of China’s petrochemical industry

On November 30, the 2022 Top 500 list of petroleum and chemical enterprises in terms of sales revenue (comprehensive), the 2022 Top 500 list of petroleum and chemical enterprises in terms of sales revenue (independent production and operation), and the 2022 Top 500 list of petroleum and chemical listed companies in terms of sales revenue were newly released. Wynca(follow as the group) ranked 93rd in the 2022 Top 500 Petroleum and Chemical Enterprises (Comprehensive) in terms of sales revenue, up 15 places year on year.

The 2022 Top 500 Ranking Conference on Sales Revenue of China’s Petroleum and Chemical Enterprises was jointly sponsored by the China Petroleum and Chemical Industry Federation and the China Chemical Enterprise Management Association. The ranking was based on the sales revenue of each enterprise in 2021. Wang Shugang, honorary president of China Chemical Enterprise Management Association, pointed out in the keynote report that in 2021, the development resilience of the top 500 enterprises will continue to show, and the benefits will be greatly improved. The main business income will increase by 45.26% compared with 2020, the profit will increase by 188.22%, the threshold for entry will be 1.674 billion yuan, a year-on-year increase of 33%, and the investment in research and development will be 113.4 billion yuan, a year-on-year increase of 25.44%. Ecological priority and green low carbon have become the main theme of the development of the top 500 enterprises.

In 2021, based on the original industrial basis of recycling of “chlorine, silicon and phosphorus” elements, the Group will continue to extend, supplement and strengthen the chain, follow the business philosophy of “industrial chain upgrading, value chain upgrading and supply chain coordination”, do a good job in the industrial inward cultivation and outward development, continue to improve the competitive strength of the whole industrial chain, actively open up the “third battlefield” with new energy application as the main scene, and cultivate new profit growth. At the same time, we fully grasped the initiative of operation and development, gained insight into the trend of the situation, grasped the market opportunities, and achieved “double harvest” in operation and development. In 2021, the Group will achieve a revenue of 19 billion yuan, a year-on-year increase of 51.45%, a net profit attributable to shareholders of listed companies of 2.654 billion yuan, a year-on-year increase of 354.56%, and a net operating cash flow of 2.878 billion yuan, a year-on-year increase of 163.49%; Return on equity was 34.36%, up 24.77 percentage points year on year.

2022 is a new starting point for the Group’s development strategy in the next five years. In the face of a more complex and severe external environment, Wynca will focus on the four major areas of “science and technology axis, capital engine, talent body, and management innovation” with the goal of improving sustainable development capability and enterprise value, focusing on digital transformation, and firmly grasp the keynote of “stable operation, new situation, ability improvement, risk control, and policy optimization”, Accelerate the transformation of the industry from “two wheel drive” to “three pillars”, comprehensively create a new situation of transformation and upgrading and high-quality development, and strive to become an outstanding enterprise of the era that makes employees proud, shareholders satisfied, partners trusted, and society harmonious.

Post time: Jan-04-2023