North Huajin Chemical Industries Co., Ltd.
华锦股份
000059
Shenzhen Stock Exchange
Company Profile
North Huajin Chemical Industries Co., Ltd. is one of the super-large integrated petrochemical enterprises in China, the company combines oil refining with chemical engineering and its scale and strength are both considerable. Moreover, the company is a critical production enterprise of petroleum products, intermediate petrochemical products, ABS synthetic resin and urea, and it possesses independent utilities, environmental protection systems, rail transport, road transport and other facilities.The company's primary competitive advantages are high quality, favorable geographical location and fore-and-aft integrated production. By making full use of its advantage of integrating oil refining and chemical engineering, the company actively adjusts and optimizes its product structure, continuously improves its product quality and variety, ameliorates its production technology, enhances the key performances of upstream equipment, and digs deeply in the utilization and comprehensive utilization efficiency of the company's resources, as a result, North Huajin Chemical Industries has acquired strong sustainability.China North Industries Group Corporation Limited, the actual controller of the company, is China's largest weaponry manufacturing enterprise and under the State Council's direct supervision. The group boasts great comprehensive strength and it is able to provide the company with strong support in aspects like crude oil supply, products distribution, capital and business development.
Full description
North Huajin Chemical Industries Co. Ltd., a subsidary company held by North Huajin Chemical Industries Group Corporation, is the largest civilian industrial enterprise of China North Industries Croup Corporation and the petrochemical and fine chemical industries platform of developing civil and military integration. After 20 years’ development, it has formed three production bases of Panjin and Huludao in Liaoning Province, which takes prochemicals, chemical fertilizers, road asphalt & lube base oil as the three main business sectors. The annual output and processing capacity are 1 million tons of urea, 8 million tons of crude oil processing, 700,000 tons of ethylene, 1 million tons of polymer resin, 1 million tons of road asphalt, 600,000 tons of lubricating base oil and 4 million tons of petrochemical products.As of December 2016, the total assets of the company reached RMB31.3 billion yuan, and ther are 11,000 serving employees; the operating income was RMB29.1 billion yuan and the profit was RMB2.17 billion yuan.