Surprise! Collective losses of 50 chemical engineering universities worldwide

Asia

Rongsheng Petrochemical achieved a revenue of 84.522 billion yuan in the third quarter, a year-on-year increase of 9.07%; The net profit attributable to the parent company was 1.234 billion yuan, a year-on-year increase of 1367%. The operating revenue in the first three quarters was 239.047 billion yuan, a year-on-year increase of 6.19%; The net profit attributable to the parent company was 108 million yuan, a year-on-year decrease of 98.03%.

Hengli Petrochemical achieved a revenue of 63.683 billion yuan in the third quarter, a year-on-year increase of 24.38%; The net profit attributable to the shareholders of the listed company was 2.652 billion yuan, and the net loss for the same period last year was 1.939 billion yuan. The operating revenue in the first three quarters was 173.112 billion yuan, a year-on-year increase of 1.62%; The net profit attributable to shareholders of the listed company was 5.701 billion yuan, a year-on-year decrease of 6.34%.

Wanhua Chemical's revenue in the third quarter was 44.928 billion yuan, a year-on-year increase of 8.78%; The net profit was 4.135 billion yuan, an increase of 28.21% compared to the same period last year. In the first three quarters, the operating revenue was 132.554 billion yuan, a year-on-year increase of 1.64%, and the net profit attributable to shareholders of the listed company was 12.703 billion yuan, a year-on-year decrease of 6.65%.

China Chemical achieved a revenue of 40.106 billion yuan in the third quarter, a year-on-year decrease of 11.38%; The net profit attributable to shareholders of the listed company was 777 million yuan, a year-on-year decrease of 27.49%.

Hengyi Petrochemical achieved a revenue of 37.213 billion yuan in the third quarter, a year-on-year decrease of 14.48%; The net profit attributable to shareholders of the listed company was 130 million yuan, a year-on-year increase of 126.25%. The revenue in the first three quarters was approximately 101.529 billion yuan, a year-on-year decrease of 17.67%; The net profit attributable to shareholders of the listed company was approximately 206 million yuan, a year-on-year decrease of 84.34%.

Dongfang Shenghong achieved a revenue of 37.743 billion yuan in the third quarter, a year-on-year increase of 129.22%; The net profit attributable to the parent company was 798 million yuan, a significant increase of 1457.58% year-on-year. The revenue in the first three quarters was approximately 103.642 billion yuan, an increase of 121.89% year-on-year; The net profit attributable to shareholders of the listed company was approximately 2.479 billion yuan, an increase of 57.15% year-on-year.

Tongkun Group's operating revenue in the third quarter was 24.845 billion yuan, a year-on-year increase of 43.30%; The net profit attributable to the shareholders of the listed company was 798 million yuan, turning losses into profits. The revenue in the first three quarters was approximately 61.742 billion yuan, a year-on-year increase of 30.84%; The net profit attributable to shareholders of the listed company was approximately 904 million yuan, a year-on-year decrease of 53.23%.

Yuntianhua's operating revenue in the third quarter was 18.084 billion yuan, a year-on-year decrease of 8.83% compared to the previous period; The net profit was 1.027 billion yuan, a year-on-year decrease of 27.80%. The operating revenue in the first three quarters was 53.303 billion yuan, a year-on-year decrease of 5.59%; The net profit attributable to shareholders of the listed company was 3.704 billion yuan, a year-on-year decrease of 27.80%.

New Fengming achieved revenue of 16.017 billion yuan in the third quarter, a year-on-year increase of 12.57%; Realized a net profit attributable to the parent company of 407 million yuan, turning losses into profits year-on-year. The cumulative revenue achieved in the first three quarters was 44.20 billion yuan, a year-on-year increase of 16.49%; Realized a net profit attributable to the parent company of 887 million yuan, a year-on-year increase of 212.19%.

In the third quarter, Sinochem International achieved a revenue of 13.993 billion yuan and a net profit attributable to the parent company of -376 million yuan; In the first three quarters of 2023, the cumulative operating revenue was RMB 43.014 billion, and the net profit attributable to the parent company was RMB -54 billion.

Jinfa Technology achieved a revenue of 13.942 billion yuan in the third quarter, a year-on-year increase of 41.56%; The net profit attributable to shareholders of the listed company was 15.266 million yuan, a year-on-year decrease of 96.19%. In the first three quarters, the operating revenue was 34.291 billion yuan, a year-on-year increase of 16.97%; The net profit attributable to shareholders of the listed company was 484 million yuan, a year-on-year decrease of 59.75%.

Huayi Group's operating revenue in the third quarter was 11.46 billion yuan, a year-on-year increase of 16.34%; The net profit was 552 million yuan, a year-on-year increase of 413.38%. In the first three quarters, the company achieved a revenue of 31.037 billion yuan, a year-on-year increase of 5.73%; The net profit was 663 million yuan, a year-on-year decrease of 41.71%.

Satellite Chemistry achieved a revenue of 10.868 billion yuan in the third quarter, a year-on-year increase of 21.34%; Realized a net profit attributable to the parent company of 1.551 billion yuan, a year-on-year increase of 525.40%. The operating revenue in the first three quarters exceeded the 30 billion mark for the first time in history, reaching 30.881 billion yuan, a year-on-year increase of 11.21%; The net profit attributable to the parent company was 3.394 billion yuan, a year-on-year increase of 11.43%.

The operating revenue of Zhongtai Chemical in the third quarter was 9.846 billion yuan, a year-on-year decrease of 16.44%; The net profit attributable to the shareholders of the listed company is -221 million yuan.

Mitsubishi Chemical's operating revenue for the first half of the fiscal year ending September 30th (April September) was 2.15 trillion yen, a year-on-year decrease of 5.3%; The net profit was 67.2 billion yen, a year-on-year decrease of 9.1%.

Sumitomo Chemical's operating revenue for the first half of the fiscal year ending September 30th (April September) was 1.187 trillion yen, a year-on-year decrease of 22.4%; The net loss was 76.3 billion yen, compared to a profit of 81.1 billion yen in the same period last year.

Mitsui Chemical's operating revenue for the first half of the fiscal year ending September 30th (April September) was 823.7 billion yen, a year-on-year decrease of 127.4 billion yen; The net profit was 20.7 billion yen, a year-on-year decrease of 23.7 billion yen.

Asahi Chemical's operating revenue for the first half of the fiscal year ending September 30th (April September) was 1.346 trillion yen, a year-on-year decrease of 0.4%; The net profit belonging to the owner of the parent company was 30.841 billion yen, a year-on-year decrease of 41%.

As of the first half of the fiscal year ending September 30th (April September), Xinyue Chemical's operating revenue was 1.2 trillion yen, a year-on-year decrease of 15.1%; The net profit belonging to the owner of the parent company was 301.4 billion yen, a year-on-year decrease of 23.2%.

The sales of LG Chemical in South Korea in the third quarter were 13.49 trillion Korean won (approximately 10 billion US dollars), a year-on-year decrease of 3.5%; The operating profit was 860.42 billion Korean won, a year-on-year decrease of 5.6%; Net profit decreased by 18% year-on-year to 585.04 billion won ($433 million). The sales revenue in the first three quarters was 42.11 trillion Korean won, an increase of 13% year-on-year; The net profit was 1.92 trillion won, a year-on-year decrease of 13%.

Hanwha Solutions had a sales revenue of 2.926 trillion won in the third quarter, a year-on-year decrease of 9.7%; The net profit was 21 billion Korean won, a year-on-year decrease of 85.1%.

Europe

BASF's sales in the third quarter were 15.7 billion euros, a decrease of 6.2 billion euros compared to the same period last year; Excluding special projects, the pre interest and tax income was 600 million euros, compared to 1.3 billion euros in the same period last year; The net income was -249 million euros, compared to 909 million euros in the same period last year.

Bayer Group's sales revenue in the third quarter was 10.342 billion euros, a year-on-year decrease of 0.2%; The EBITDA before special projects was 1.685 billion euros, a year-on-year decrease of 31.3%; The net income was -4569 million euros.

Linde's sales in the third quarter were $8.2 billion, a year-on-year decrease of 7%; Operating profit of 2.1 billion US dollars, a year-on-year increase of 15%; Net profit of $1.565 billion.

Air Liquide Group's revenue in the third quarter reached 6.811 billion euros, a year-on-year increase of 1.5%. Among them, natural gas and service revenue reached 6.483 billion euros, a year-on-year increase of 1.7%.

The third quarter sales of Henkel Group were approximately 5.4 billion euros, achieving an organic growth of 2.8%. The sales revenue in the first three quarters of 2023 reached 16.366 billion euros.

The sales of Evonik in the third quarter were 3.77 billion euros, a year-on-year decrease of 23%; Adjusted EBITDA increased by 8% compared to the second quarter, to 485 million euros, a year-on-year decrease of 21%.

Kesichuang's sales in the third quarter were 3.6 billion euros, a year-on-year decrease of 22.7%; EBITDA of 277 million euros; The net profit was -31 million euros, compared to 12 million euros in the same period last year.

Solvay's net sales in the third quarter were 2.747 billion euros, an endogenous decrease of 20.3%; Basic EBITDA was 702 million euros, an endogenous decrease of 18.5% compared to the third quarter of 2022; The net sales for the first three quarters of 2023 were 9.001 billion euros, an endogenous decrease of 9.6%; EBITDA was 2.331 billion euros, an endogenous decrease of 1% year-on-year.

Akzo Nobel's sales in the third quarter were 2.741 billion euros, an increase of 5% at a constant exchange rate; The operating profit increased to 354 million euros, compared to 168 million euros in the same period of 2022.

Lansheng's sales in the third quarter were 1.601 billion euros, a year-on-year decrease of 26.7%; EBITDA was 119 million euros, a year-on-year decrease of 50.4%; Net income decreased from 80 million euros last year to -131 million euros.

Wacker Group's sales in the third quarter were 1.52 billion euros, a year-on-year decrease of 29%; EBITDA of 152 million euros, a year-on-year decrease of 67%; The net profit for the third quarter was 34 million euros.

Klein's organic sales in the third quarter were 1.031 billion Swiss francs, a year-on-year decrease of 8%; The EBITDA profit margin decreased to 15.4%, compared to 16.8% in the same period last year. In the first three quarters of 2023, the company's cumulative sales amounted to 3.315 billion Swiss francs, a year-on-year decrease of 7%.

North America

Dow's net sales in the third quarter were 10.7 billion US dollars, a decrease of 24% year-on-year; GAAP's net income was $327 million, compared to $760 million in the same period last year.

In the third quarter of the year, the sales revenue of LyondellBasell was 10.625 billion US dollars, compared to 12.25 billion US dollars in the same period last year, a year-on-year decrease of 13.3%; EBITDA was $1.356 billion, compared to $1.108 billion in the same period last year, a year-on-year increase of 21.8%.

Xuanwei's net sales in the third quarter were 6.117 billion US dollars, an increase of 1.1%; The net profit was 298 million US dollars, an increase of 10.7%; EBITDA was $1.27 billion, an increase of 12.6%.

Nutrien's sales in the third quarter were $5.631 billion, compared to $8.188 billion in the same period last year, a decrease of 31% year-on-year; The net profit was 82 million US dollars, compared to 1.853 billion US dollars in the same period last year, a decrease of 95% year-on-year.

PPG's net sales in the third quarter were $4.644 billion, a year-on-year increase of 4%; The net profit was $430 million, a year-on-year increase of 29%.

Ecolab's net sales in the third quarter were 3.958 billion US dollars, up from 36.69 in the previous year, an increase of 8% year-on-year; The net profit was $404 million, compared to $347 million in the same period last year, a year-on-year increase of 16%.

Meisheng's revenue in the third quarter was $3.5 billion, a year-on-year decrease of approximately 34%; Net loss of $4 million, with a net profit of $842 million for the same period last year; EBITDA was $594 million, a year-on-year decrease of 65%.

West Lake Chemical Group's net sales in the third quarter were 3.115 billion US dollars, a year-on-year decrease of 21.3%; Net profit of 285 million US dollars, a year-on-year decrease of 46.5%; EBITDA was $682 million, a year-on-year decrease of 15%.

DuPont's net sales in the third quarter were $3.1 billion, a year-on-year decrease of 8%; The operating EBITDA was $775 million.

The sales revenue of air products in the third quarter was 3.034 billion US dollars, a year-on-year decrease of 4.8%; GAAP's net profit was 2.01 billion US dollars, a year-on-year increase of 170%; The adjusted EBITDA was $3.9 billion, an increase of 8% year-on-year.

The net sales of International essence Flavor Company (IFF) in the third quarter was 2.82 billion US dollars, down 8% year on year; EBITDA was $506 million, a decrease of 10% year-on-year.

Celanese's net sales in the third quarter were 2.723 billion US dollars, an increase of 18.3% year-on-year; The net income was $949 million, a year-on-year increase of 392%.

Yabao's net sales in the third quarter were 2.31 billion US dollars, a year-on-year increase of 10.5%; The net profit was 302.5 million US dollars, a year-on-year decrease of 66.3%.

Eastman's sales in the third quarter were $2.267 billion, a year-on-year decrease of 16.3%; Profit before interest and tax was $256 million, a year-on-year decrease of 21%; Adjusted pre interest and tax profit was $256 million, a year-on-year decrease of 23%.

CF's sales in the third quarter were 1.273 billion US dollars, a year-on-year decrease of 45.15%; The net income attributable to ordinary shareholders was $164 million, a year-on-year decrease of $62.6 billion; The adjusted EBITDA was $445 million, a year-on-year decrease of 54.7%.

Huntsman's revenue in the third quarter was $1.506 billion, a year-on-year decrease of 25.07%; The adjusted net profit was $27 million, a year-on-year decrease of 81%; The adjusted EBITDA was $136 million, a 50% decrease year-on-year.