According to an analysis report released by the China Petroleum and Chemical Industry Association, in August, the petroleum and chemical markets further thrived, and the downstream demand was strong, pushing the industry-wide product sales rate to exceed 100% to 100.2%. Especially in the chemical industry, the production and sales rate reached 100%, the highest in recent years. The total profit realized was 26.76 billion yuan, an increase of 76.5% over the same period of last year. Driven by the demand, the prices of major domestic petroleum and chemical products continued to rise. In particular, prices of some organic chemical raw materials, synthetic resins, synthetic rubber, and chemical fertilizers reached the highest level in history; at the same time, domestic crude oil was affected by the continued rise in international crude oil prices. The price rose sharply. Statistics show that in August, 17,119 enterprises above designated size in the petroleum and chemical industry achieved a total of 209.17 billion yuan in industrial output value at current prices, an increase of 34.6% year-on-year; realized sales revenue of 210.76 billion yuan, a year-on-year increase of 37%; and a total profit of 26.76 billion yuan. Yuan, a year-on-year increase of 76.5%; total tax revenue of 11.2 billion yuan, an increase of 14.6% year-on-year. Except corporate tax, other indicators and their increase are significantly higher than in July. In addition, the loss of loss-making enterprises across the industry decreased by 17.2% year-on-year. From January to August, the petroleum and chemical industries realized a total current industrial output value of 1,524.06 billion yuan, a year-on-year increase of 27.4%; realized sales revenue of 1,492.26 billion yuan, a year-on-year increase of 28.4%; and realized a total profit of 172.39 billion yuan, a year-on-year increase of 44.8%; The total tax revenue was 92.6 billion yuan, a year-on-year increase of 24.5%. The profits and tax growth of the oil and chemical industry continue to lead the country’s industries, making a significant contribution to the growth of the national economy. In August, the economic performance of the petroleum and chemical industry was specifically expressed in the acceleration of output value growth. Due to the demand, the output value of the oil and chemical industry stopped falling in August; the second was the high sales revenue of products, and in an extremely good sales situation, the Industry product sales revenue hit new highs; third, profit growth was very strong. After experiencing a brief decline in July, the industry’s profits continued to grow in August with a stronger trend, refreshing the history of single month in June. Level; fourth is that tax growth has fallen sharply
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