On the evening of August 29, Binhua Co., Ltd. disclosed its 2023 semi-annual report. In the first half of the year, the company achieved operating income of 3.426 billion yuan and net profit attributable to the parent company of 150 million yuan. Among them, the net profit attributable to the parent company in the second quarter was 78 million yuan, a month-on-month increase of 8.3%.
The main products of Binhua Co., Ltd. are caustic soda and propylene oxide. The annual production capacity of caustic soda is 610,000 tons, ranking among the top in Shandong Province; the annual production capacity of propylene oxide is 270,000 tons, and the product volume ranks among the top in the country. The company's operating data for the first half of the year shows that during the reporting period, the company's propylene oxide production was 125,100 tons, and its caustic soda (100%) production was 356,900 tons.
During the reporting period, the chemical market continued to fluctuate, and the company's operating performance was under pressure. The price of caustic soda is generally weak in the first half of 2023. According to the business analysis system of the business community, the average market price of caustic soda at the beginning of the year was about 1,128 yuan/ton. On June 30, the price of caustic soda was about 788 yuan/ton. The price fell by 30.14% in the first half of the year. In the first half of the year, the domestic propylene oxide market fell within a narrow range. Zhuochuang Information data shows that from January to June 2023, the average price of domestic propylene oxide (Shandong, cash exchange, self-pickup) was 9,652 yuan/ton, a year-on-year decrease of 13.04%; On June 30, the domestic market price of propylene oxide was 9,225 yuan/ton, down 1.93% from the beginning of the year.
The company actively responded to the industry downturn cycle, accelerated project construction, and demonstrated development resilience. During the reporting period, the PDH unit and synthetic ammonia unit of the company's carbon three, carbon four comprehensive utilization project have been commissioned and are currently in the trial operation stage; the 100,000 tons/year methylamine unit of the new energy chemicals project was successfully handed over on June 30; The design work of the main device of the PO/MTBE project is progressing as planned, and the on-site underground engineering construction is in full swing.
In addition, the company’s scientific and technological innovation projects achieved breakthroughs. During the reporting period, the company's hydrogen peroxide method ECH pilot project and benzene pilot project have completed project registration; the pilot base project has completed the application report preparation work, and registered the project application body in Beihai Park to complete the project registration work; Semiconductor The Shandong Provincial Key Laboratory of ultra-high purity halogen-containing electronic chemicals for advanced manufacturing processes has been successfully established, and the preparatory plan has been completed. The establishment of Binhua Zhongkong Intelligent Research Institute has taken a key step in the construction of intelligent systems.