Although the sudden rise in crude oil prices and the appreciation of the renminbi have had a major impact on equipment exports, coupled with the large-scale snowstorms at the beginning of the year and the Wenchuan earthquake in May in May, some companies suffered large losses, but the overall demand for petrochemical equipment in the domestic market has remained unabated. From January to May of this year, the total industrial output value of China's oil and petrochemical equipment industry maintained a 47.12% growth rate compared with the same period of last year and is expected to increase by more than 30% for the whole year.
Increased loss caused by increased competition
According to statistics, from January to May, China's oil and petrochemical equipment industry realized industrial output value of 56.724 billion yuan, an increase of 47.12% over the same period of last year; realized industrial sales output value of 51.243 billion yuan, an increase of 43.7% over the same period of last year; new product output value of 6.195 billion Yuan, an increase of 39.04% over the same period of last year. The rate of new products was 12.09%; the export delivery value was 6.448 billion yuan, an increase of 23.72% over the same period of last year.
From January to May, the total assets of companies above designated size in China's petroleum and petrochemical equipment industries totaled 111.16 billion yuan, a year-on-year increase of 39.88%; the sales revenue of products was 48.566 billion yuan, an increase of 46.46% year-on-year; the cost of product sales was 40.39 billion yuan, year-on-year An increase of 45.79%; total profit of 3.285 billion yuan, an increase of 40.15%. Sales costs are basically synchronized with sales revenue.
From the perspective of the number of enterprises, from January to May this year, the number of enterprises above designated size in the three sub-sectors of China's petroleum and petrochemical equipment industry (oil drilling equipment, refinery equipment, and pressure vessels) rose to 1,367, an increase of 16 more than in April. , an increase of 25.76% over the same period of last year. There were 570 oil drilling equipment industries, 14 more than the previous month, 309 oil refining and chemical equipment industries, the same as the previous month, and 407 pressure vessel manufacturing industries, two more than the previous month.
From the perspective of loss-making enterprises, from January to May, the number of loss-making enterprises engaged in the production of petroleum and petrochemical equipment was 294, accounting for 21.56% of the total number of enterprises, a decrease of 7 over the same period of last year, and the cumulative loss was 389 million yuan, an increase from the same period last year. 36.97%. Among them, there were 143 loss-making enterprises in the oil drilling equipment manufacturing industry, an increase of 19, a cumulative loss of 253 million yuan, an increase of 4.8% year-on-year, and 78 loss-making enterprises in the oil refining and chemical equipment industry, a year-on-year decrease of 9; cumulative losses 804 million yuan, an increase of 12% year-on-year; 73 loss-making enterprises in the pressure vessel manufacturing industry, a year-on-year decrease of 17; cumulative losses amounted to 52 million yuan, a year-on-year decrease of 37.3%.
Experts pointed out that these data show that the domestic oil drilling equipment production capacity has exceeded the actual domestic demand, the domestic market is increasingly fierce competition, corporate benefits are also significantly different.
The role of the market is clear that the industry continues to grow
From the point of view of the oil drilling equipment manufacturing industry, from January to May, the total assets of the industry enterprises totaled 59.567 billion yuan, an increase of 49.98% year-on-year; the sales income of products was 24.85 billion yuan, an increase of 46.1% year-on-year; and the total profit was 2.046 billion yuan. The year-on-year increase was 33.2%; the cost of product sales was 20.213 billion yuan, an increase of 44.47% year-on-year. Among them, the provinces and cities that achieved the top three total profits were Jiangsu Province (597 million yuan), Shandong Province (487 million yuan), and Sichuan Province (197 million yuan). The export delivery value of oil drilling equipment in May increased by 83.23% compared with the same period of last year. It can be seen that the price increase of crude oil has a strong stimulative effect on the demand for drilling and production equipment.
From the point of view of the special equipment manufacturing industry for refining and chemical production, from January to May, the total assets of the industry enterprises totaled 28.717 billion yuan, an increase of 31.74% year-on-year; the sales income of products was 11.839 billion yuan, an increase of 47.8% year-on-year; and the total profit was 717 million yuan. , an increase of 41.14% year-on-year; product sales cost 9.864 billion yuan, an increase of 47.9%. The provinces and cities that achieved the top three total profit were Shandong Province (133 million yuan), Jiangsu Province (116 million yuan), and Heilongjiang Province (107 million yuan).
Analysis by industry experts, the rapid growth of the refining equipment industry is mainly due to the fact that refineries and petrochemical companies have stepped up large-scale transformation to increase production capacity, and new large-scale oil refineries and chemical engineering projects have been built one after another. Domestically-developed petroleum hydrogenation equipment has been successfully developed. The ethylene cracking and the pulling of key processing equipment will all bring new economic growth points to the refinery equipment manufacturers. However, experts also pointed out that the export delivery value of refining equipment from January to May decreased by 4.76% compared with the same period of last year, indicating that the appreciation of the renminbi has had a negative impact on equipment exports.
From the point of view of the metal pressure vessel equipment manufacturing industry, from January to May, the manufacturing enterprises in the industry had total assets of 22.876 billion yuan, a year-on-year increase of 27.43%; realized product sales revenue of 118.76 billion yuan, an increase of 45.77%; and a total profit of 523 million yuan. , an increase of 74.33%; product sales cost 10.313 billion yuan, an increase of 46.33%. The provinces and cities that achieved the top three total profit were Shandong Province (100 million yuan), Jiangsu Province (74 million yuan), and Shanghai City (62 million yuan). It is worth mentioning that Shanghai has become the third largest gathering place for pressure vessel manufacturers.
China is a big country for the production of pressure vessels. The number of manufacturers and corresponding equipment capabilities are world leading. From heavy vessels such as hydrogenation reactors to special vessels such as high-pressure gas transportation vessels, China has strong production. Capability and the price and quality of the product are all competitive. In addition, many years of engineering construction practices and the country’s enhanced management have enabled China’s pressure vessel industry to form a production pattern that is fully equipped, staffed, and rigorously managed, and has laid the foundation for China’s pressure vessel products to go international.
Increased loss caused by increased competition
According to statistics, from January to May, China's oil and petrochemical equipment industry realized industrial output value of 56.724 billion yuan, an increase of 47.12% over the same period of last year; realized industrial sales output value of 51.243 billion yuan, an increase of 43.7% over the same period of last year; new product output value of 6.195 billion Yuan, an increase of 39.04% over the same period of last year. The rate of new products was 12.09%; the export delivery value was 6.448 billion yuan, an increase of 23.72% over the same period of last year.
From January to May, the total assets of companies above designated size in China's petroleum and petrochemical equipment industries totaled 111.16 billion yuan, a year-on-year increase of 39.88%; the sales revenue of products was 48.566 billion yuan, an increase of 46.46% year-on-year; the cost of product sales was 40.39 billion yuan, year-on-year An increase of 45.79%; total profit of 3.285 billion yuan, an increase of 40.15%. Sales costs are basically synchronized with sales revenue.
From the perspective of the number of enterprises, from January to May this year, the number of enterprises above designated size in the three sub-sectors of China's petroleum and petrochemical equipment industry (oil drilling equipment, refinery equipment, and pressure vessels) rose to 1,367, an increase of 16 more than in April. , an increase of 25.76% over the same period of last year. There were 570 oil drilling equipment industries, 14 more than the previous month, 309 oil refining and chemical equipment industries, the same as the previous month, and 407 pressure vessel manufacturing industries, two more than the previous month.
From the perspective of loss-making enterprises, from January to May, the number of loss-making enterprises engaged in the production of petroleum and petrochemical equipment was 294, accounting for 21.56% of the total number of enterprises, a decrease of 7 over the same period of last year, and the cumulative loss was 389 million yuan, an increase from the same period last year. 36.97%. Among them, there were 143 loss-making enterprises in the oil drilling equipment manufacturing industry, an increase of 19, a cumulative loss of 253 million yuan, an increase of 4.8% year-on-year, and 78 loss-making enterprises in the oil refining and chemical equipment industry, a year-on-year decrease of 9; cumulative losses 804 million yuan, an increase of 12% year-on-year; 73 loss-making enterprises in the pressure vessel manufacturing industry, a year-on-year decrease of 17; cumulative losses amounted to 52 million yuan, a year-on-year decrease of 37.3%.
Experts pointed out that these data show that the domestic oil drilling equipment production capacity has exceeded the actual domestic demand, the domestic market is increasingly fierce competition, corporate benefits are also significantly different.
The role of the market is clear that the industry continues to grow
From the point of view of the oil drilling equipment manufacturing industry, from January to May, the total assets of the industry enterprises totaled 59.567 billion yuan, an increase of 49.98% year-on-year; the sales income of products was 24.85 billion yuan, an increase of 46.1% year-on-year; and the total profit was 2.046 billion yuan. The year-on-year increase was 33.2%; the cost of product sales was 20.213 billion yuan, an increase of 44.47% year-on-year. Among them, the provinces and cities that achieved the top three total profits were Jiangsu Province (597 million yuan), Shandong Province (487 million yuan), and Sichuan Province (197 million yuan). The export delivery value of oil drilling equipment in May increased by 83.23% compared with the same period of last year. It can be seen that the price increase of crude oil has a strong stimulative effect on the demand for drilling and production equipment.
From the point of view of the special equipment manufacturing industry for refining and chemical production, from January to May, the total assets of the industry enterprises totaled 28.717 billion yuan, an increase of 31.74% year-on-year; the sales income of products was 11.839 billion yuan, an increase of 47.8% year-on-year; and the total profit was 717 million yuan. , an increase of 41.14% year-on-year; product sales cost 9.864 billion yuan, an increase of 47.9%. The provinces and cities that achieved the top three total profit were Shandong Province (133 million yuan), Jiangsu Province (116 million yuan), and Heilongjiang Province (107 million yuan).
Analysis by industry experts, the rapid growth of the refining equipment industry is mainly due to the fact that refineries and petrochemical companies have stepped up large-scale transformation to increase production capacity, and new large-scale oil refineries and chemical engineering projects have been built one after another. Domestically-developed petroleum hydrogenation equipment has been successfully developed. The ethylene cracking and the pulling of key processing equipment will all bring new economic growth points to the refinery equipment manufacturers. However, experts also pointed out that the export delivery value of refining equipment from January to May decreased by 4.76% compared with the same period of last year, indicating that the appreciation of the renminbi has had a negative impact on equipment exports.
From the point of view of the metal pressure vessel equipment manufacturing industry, from January to May, the manufacturing enterprises in the industry had total assets of 22.876 billion yuan, a year-on-year increase of 27.43%; realized product sales revenue of 118.76 billion yuan, an increase of 45.77%; and a total profit of 523 million yuan. , an increase of 74.33%; product sales cost 10.313 billion yuan, an increase of 46.33%. The provinces and cities that achieved the top three total profit were Shandong Province (100 million yuan), Jiangsu Province (74 million yuan), and Shanghai City (62 million yuan). It is worth mentioning that Shanghai has become the third largest gathering place for pressure vessel manufacturers.
China is a big country for the production of pressure vessels. The number of manufacturers and corresponding equipment capabilities are world leading. From heavy vessels such as hydrogenation reactors to special vessels such as high-pressure gas transportation vessels, China has strong production. Capability and the price and quality of the product are all competitive. In addition, many years of engineering construction practices and the country’s enhanced management have enabled China’s pressure vessel industry to form a production pattern that is fully equipped, staffed, and rigorously managed, and has laid the foundation for China’s pressure vessel products to go international.
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