For the chemical fiber industry, 2017 is a year of harvest, in the face of fierce competition in 2018, how will the chemical fiber giant?

Annual performance of the chemical fiber giant
Recently, the chemical fiber giants have announced the performance of the year 2017.
Xinfengming
In 2017, the operating income reached 22 billion 963 million yuan, an increase of 31.39% over the same period last year. The net profit of the shareholders who belong to the listed company after deducting the non recurring gains and losses reached 1 billion 439 million yuan, an increase of 106.10% over the same period last year, and the business performance is good.
Constant
In 2017, listed companies included Hengli investment such as PTA and other Hengli refinery businesses. The total business revenue was 47 billion 481 million yuan, an increase of 146.78% over the same period. And the sales revenue of the listed companies based on polyester business was 22 billion 288 million yuan, up 15.84% from the same period.
In addition, in late January, Hengli xinfengming, Tongkun and Hengyi were also announced the 2017 annual report notice, the results are very brisk.
No matter how the market situation, the leading enterprises can advance steadily, which is due to the increasing innovation investment, continue to expand upstream and downstream industry chain. And this development model has formed a dark competition between the leading enterprises. Next to xinfengming and constant force as an example, look at these leading enterprises in 2018 will have what kind of strategic planning.

Xinfengming: new product is king
Xinfengming always focus on new product development, improve product differentiation rate.
The company's products through the provincial new product appraisal, has undertaken the national Spark Program project, the national torch project, has successfully developed EACOOL (Ieco) wicking fiber, Gaotesi fiber, environmental protection fiber, anti wrinkle K-warm warm hollow fiber, super soft fiber, fine denier fiber peachskin differentiated products.

In 2018, the two sets of 450 thousand tons of functional and co modified fiber projects in the two phase of the company's investment project will be completed and put into production in March and May, respectively.
At the same time, the company will continue to promote the Zhongxin chemical fiber with an annual output of 280 thousand tons of modified fiber to enhance the integration project, Zhongwei chemical boiler ultra low emission energy-saving projects, with an annual output of 40 thousand tons of differential fiber flexible intelligent production testing project, stone technology (300684) annual output of 260 thousand tons of different fiber processing technology projects and other construction projects, to further expand the company the scale of production, improve the company level of green manufacturing and intelligent manufacturing level.
Constant force: locking up the profits of the whole industry chain
In 2017, the company purchased the largest capacity PTA plant of the world's largest single unit and the 20 million ton / year refinery integration project assets and supporting funds through issuing shares.
The project is not only the first major refinery project of the national liberalization of private enterprises in the oil refining industry, the first major projects of private enterprises is also mentioned in the documents of the State Council, is the national seven petrochemical industry base in promoting the fastest, to achieve the earliest production project.

The project is scheduled for trial production in October 2018, when Hengli shares will achieve &ldquo, crude oil &mdash, aromatics &mdash, PTA&mdash, polyester new material, spinning &rdquo, and the complete industrial chain. The profits from the whole aromatics to the polyester filament channel will be locked. The scale of revenue will grow from 10 billion to 100 billion, and profits will be developed from 10 billion to 10 billion.
In addition, to maximize the high added value and deep processing capacity of refining and chemical integration, Hengli Chemical Company, a subsidiary of Hengli stock, will invest 20 billion 978 million yuan to build 1 million 500 thousand tons / year ethylene project.
After the project is put into operation, Hengli Chemical fiber business will achieve self-sufficiency of main raw materials PTA and ethylene glycol, and the upstream raw material support capability and comprehensive profitability is expected to achieve greater improvement.
The PTA boom is expected to continue
PTA prosperity is expected to continue, and industry profits will be further focused on leading enterprises.
The PTA industry has been in the downturn for nearly 5 years and finally came to a boom in the three quarter of 2017. According to professional agencies, the PTA boom is expected to continue by 2019, and industrial profits will continue to expand. So this year, China's polyester industry will usher in a new peak stage of production. The new production will mainly focus on polyester filament, polyester staple and PET bottle.
The PTA boom is expected to continue by 2019

According to the current prediction and planning, in 2018, 30 sets of new polyester plant are expected to be put into operation, involving about 6 million 470 thousand tons of capacity, including 3 million 190 thousand tons of filament, 1 million 700 thousand tons of flask and 1 million 40 thousand tons of staple fiber. Due to the large number of plans, the actual production situation is expected to be lower than expected. The new capacity of the 2018 polyester industry is expected to be around 5 million 250 thousand tons, and the growth rate is higher than 10%.
Overall, the performance of polyester and its downstream industries in 2018 is still optimistic. But with the large-scale production of polyester industry, the profit of polyester production will be smaller than that in 2017.
However, in any case, with the increase of environmental protection and the speed of industry shuffling, in 2018, the industry profit will be further focused on the leading enterprises. In the next year, when leading enterprises publish annual performance reports, their income is expected to increase substantially or even double.
Source: chemical fiber state