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On August 29th, the Top 20 Chinese Private Enterprises Top 500 Summit hosted by the National Federation of Industry and Commerce and other units was held in Shenyang. The list of 2018 Chinese private enterprises was released.
Among them, there are 15 enterprises in the chemical fiber manufacturing industry with a total revenue of 507,630.83 million yuan. The top two companies accounted for 41.7% of the total revenue of the industry. The chemical fiber manufacturing enterprises are only distributed in three provinces, namely, 8 in Zhejiang Province, 5 in Jiangsu Province, and 2 in Fujian Province. The total revenue of enterprises in the industry in the period is 65.7%.
It is understood that there are a total of 122 chemical related enterprises in the five categories, with a total operating income of 343,729,563 yuan. Among them, there are three on the scale of hundreds of billions, namely Hengli Group Co., Ltd., Zhejiang Rongsheng Holding Group Co., Ltd. and Zhejiang Hengyi Group Co., Ltd. There are 14 companies with revenues ranging from 50 to 100 billion, 86 with 100-500 billion, and 19 with less than 10 billion. Compared with last year, the top 500 private enterprises have undergone major changes, and 104 enterprises have entered the list. As a result, the top 500 private enterprises have continued to grow, reaching 15.684 billion yuan. In 2017, the total operating income of the top 500 private enterprises was 24,479.382 billion yuan, with an average household income of 48.759 billion yuan. In addition, 17 of the top 500 private enterprises participating in the survey in 2017 were among the top 500 in the world, an increase from last year.
While the private chemical giants are expanding, the small and medium-sized enterprises in the chemical fiber industry seem to be alive and unsatisfactory!
According to the information disclosed by the Suzhou Assets Management Website, from January 1, 2018 to the present, 205 companies involved in the textile and chemical fiber industries have been bankrupt due to non-performing assets!
These bankrupt companies involve a total of 7 billion yuan in principal and interest, of which 90% are from Wujiang and Changshu.
According to the public notice released by Suzhou Asset Management, the reason for the bankruptcy of most companies is caused by the bank's non-performing loans.
Judicial auction online about textiles as many as 782 items
The reason for its collapse is nothing more than the excessive cost and the withdrawal of production capacity under the influence of environmental protection. It seems that the living environment of SMEs has become more and more bleak, and the leading enterprises of chemical fiber have become more and more lively!
The oligarchic situation in the industrial chain is prominent, and its influence and control over the industry are significantly enhanced.
In 2018, the intensity of national environmental remediation and policy support obviously changed from the previous GSP system to support and strengthen the market, and the market competition of the whole industry will be upgraded again. The market is increasingly leading to a small number of technologies, and the production capacity is obvious. The giant enterprise is concentrated.
Throughout the textile industry chain, the oligarchic situation of the industrial chain has been highlighted. In the field of PTA, giants including Hengli Petrochemical, Fuhua Group, Hengyi Group, Rongsheng Petrochemical and Tongkun Group have been gradually formed. In the upstream refining and chemical industry, Hengli Group, Rongsheng Group, Hengyi Group and Tong The Kunming Group and Shenghong Group projects are about to be put into production; in the field of filaments, these same giants account for 43% of the production capacity.
On the other hand, the influence and control of the oligopolistic enterprises on the industry has been significantly enhanced. Taking PTA as an example, after the market supply and demand became tightly balanced in the past two years, PTA leading enterprises took the lead in changing the cooperation mode with downstream polyester plants. One is adjusted from the spot purchase to the annual contract, and the second product is transferred to the downstream. The settlement price is determined by the cost plus and the spot market price according to a certain percentage, and different discounts are given according to the quantity of the delivery. The market influence and control of leading enterprises are fully demonstrated.
It has been learned from recent years that major domestic factories have higher requirements for product quality. As a result, those companies with the same level of technology and manufacturing will face more severe tests, and the PTA enterprises with outstanding quality and production capacity will become more prominent in the next competition. Many of the built-up time is earlier, and the smaller scale of the old production capacity has declined, and it is basically in a long-term parking state. As of the end of 2017, domestic long-term parking capacity totaled approximately 6.25 million tons. Due to the relatively backward technological processes and high energy consumption levels, such devices are expected to be difficult to restart in the future.
Objectively speaking, it will lead to the following two trends:
First, a major manifestation of integration and differentiation in the industry is that the growth of leading enterprises' shipments will be higher than the growth rate of the industry, and these giants will enjoy the bargaining power at the same time, or will continue to maintain high profitability and achieve rapid growth in product sales. This will lead to more capital intrusion into the manufacturers, thus further accelerating the concentration of the enterprise.
Second, the capacity utilization rate of leading enterprises is still at a relatively high level. Due to the long expansion period, in order to further consolidate the market share advantage and meet the turning point of the industry, leading enterprises will not slow down the pace of expansion, but will continue to maintain a certain speed. Expansion of production, those companies that follow the leading enterprises will drive their own development with the rapid growth of leading enterprises.
It is foreseeable that the advantages of these leading enterprises will become more prominent, and downstream enterprises in order to avoid risks, it is impossible to use only one raw material, not only the competition between the strong and the weak, but also the competition between the strong and the strong. fierce.
The Wall Street Journal mentioned earlier that China’s ambitions in the globalized industry and the overcapacity of China’s economy have brought about dramatic changes in the global industry, prompting large companies to warm up or integrate.
This is an era of mergers and acquisitions. This year, more "small fish and shrimp" will be annexed, and the stronger the stronger, who will be the next one to be acquired?
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