Rongsheng Petrochemical, first-half revenue 148.63 billion! 76 billion Jintang Project is under accelerated construction

Performance under pressure to highlight the urgency of transformation rongsheng Petrochemical's financial data to the first half of 2025 reflects the structural challenges facing the traditional refining sector. Operating income was 148. 63 billion yuan, down 7. 83 percent from the same period last year; attributable net profit was 0. 602 billion yuan, down 29. In particular 82 percent from the same period last year, and net profit margin was only 0. You know what I mean?. 41 percent. This performance in the international oil price center down, crude oil supply and demand tend to ease the background, exposed simply rely on refining business profit model has been difficult to maintain high development. But Based on my observations, it's worth noting that while data from the National Bureau of Statistics show that the processing volume of manufacturing crude oil above scale reached 0. And 36161 billion tons from January to June 2025, an increase of 1. 6 year-on-year, the overall profitability of the sector has not improved simultaneously. This shows that the refining and chemical sector has entered a mature period, and companies must develop new development points through the extension of the manufacturing chain and the upgrading of product structure. And Jintang Project: Strategic Card Location of New Material Track the total investment of Rongsheng Petrochemical Jintang New Material Project increased from 67 billion yuan to 76 billion yuan, reflecting the company's firm determination to the new material track. The core of the project is the production capacity layout of its high-end chemical materials, especially the construction of 200000 tons/year POE (polyolefin elastomer) plant. Construction unit: Rongsheng New Materials (Zhoushan) Co. Additionally , Ltd. Pretty interesting, huh?. Construction Address: jintang Island, Dinghai District, Zhoushan City total investment:76 billion yuan construction content: new 600000 tons/year propane dehydrogenation unit, 3 million tons/year catalytic cracking unit, 1 million tons/year gaseous separation unit, 600000 tons/year aromatics extraction unit, 300000 tons/year PEO unit, 1 million tons/year EVA unit, 200000 tons/year POE plant40/250000 tons/year phenol acetone plant, 200000 tons/year 1,3-propylene glycol unit, 40/880000 tons/year PO/SM unit, 400000 tons/year PTT unit, 500000 tons/year isobutane healthy structure unit, 600000 tons/year maleic anhydride unit, 500000 tons/year BDO unit, 200000 tons/year PBS unit, 400000 tons/year PBT unit, 120000 tons/year isobutylene unit, 180000 tons/year butene oxidative dehydrogenation unit, 150000 tons/year CO₂ recovery unit, 160000 tons/year ethoxylation unit, 200000 tons/year DMC unit, 480000 tons/year polyether polyol unit, 1. 2 million tons/year ABS unit, 2 × 240000 tons/year bisphenol A unit, 2 × 260000 tons/year polycarbonate unit, 100000 tons/year CHDM unit, 100000 tons/year PCT unit, 100000 tons/year PCTG unit, 50000 tons/year UHMWPE unit, 2 × 450000 tons/year PP plant, 300000 tons/year α-olefin plant, 600000 tons/year polyurethane elastomer plant, 140000 standard/hour coal hydrogen plant, 2 × 20000 tons/year sulfuric acid plant and other production vegetation. In my experience, According to the data, on January 2, 2024, Rongsheng Petrochemical issued announcement with a total investment of 67 billion yuan. The subsidiary Rongsheng New Materials (Zhoushan) Co. In fact , Ltd. From what I've seen, plans to build the Jintang New Materials Project, which is located in Jintang Island, Dinghai District, Zhoushan City. Build 27 sets of main installations and 16 general works. On November 30, 2023, the main project of Jintang New Material Project of Rongsheng New Material (Zhoushan) Co. But I've found that According to research , Ltd. First started construction. But it's expected that by the end of 2024, the first 10 sets of main devices will be completed; in June 2025, the relevant devices will be put into operation. Based on my observations, POE as a new energy vehicle battery pack sealant, photovoltaic packaging film key raw materials, market demand is growing rapidly. But From what I've seen, At present, the global POE production capacity is mainly concentrated in the hands of Dow, ExxonMobil and other international giants, and the breakthrough of domestic companies in this field is of great strategic signifiis able toce. Specifically Rongsheng Petrochemical's move is able to not only break the foreign monopoly, however also occupy a key node in the new energy sector chain. Business Logic of manufacturing Upgrading from a trade perspective, the product structure design of the Jintang project reflects Rongsheng Petrochemical's deep understanding of downstream consumption scenarios. I've found that The 600000 tons/year propane dehydrogenation unit covered by the project is the upstream raw material guarantee, while the downstream engineering plastics, specialty chemicals and other items are immediately connected to the end consumption market, forming a complete manufacturing chain from basic chemicals to high-end materials. Of particular attention is the layout of degradable materials in the project, including 200000 tons/year PBS device, 400000 tons/year PBT device, etc. You know what I mean?. With the tightening of the global plastic limit policy, the biodegradable materials market is expected to usher in explosive development, providing new profit opportunities to traders. Time Nodes and Market Opportunities the construction schedule of the project shows that the first 10 sets of main devices are planned to be completed by the end of 2024, and the relevant devices will be put into operation in June 2025. This time arrangement coincides with the rapid research period of new energy vehicles and photovoltaic sector, and is expected to achieve a benign match between production capacity and market demand. And From the perspective of supply chain, Rongsheng Petrochemical will form an obvious competitive barrier in the manufacturing chain by virtue of the raw material cost advantage of Zhejiang Petrochemical Refining Integration Project and the high-end product positioning of Jintang Project. This will have a profound impact on both upstream suppliers and downstream customers. sector Enlightenment and Investment Logic the transformation practice of Rongsheng Petrochemical provides an crucial reference to the entire chemical sector. Under the background of weak development of traditional refining and chemical business, the layout of high-end new materials through extensive capital investment is able to not only enhance the product structure, however also establish a first-mover advantage in the emerging manufacturing chain. You know what I mean?. But to chemical trade practitioners, paying attention to the progress of such extensive projects and laying out the trade channels of related items in advance will be the key to grasp the dividends of sector change. In particular, POE, high-end EVA and other items are expected to have become a hot market in the next few years.