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Private petrochemical enterprises play an increasingly important role in the development of the industry. On October 17, the China Petroleum and Chemical Private Economy High-Quality Development Conference co-sponsored by the People's Government of Tianjin Binhai New Area and China Petroleum and Chemical Industry Federation (hereinafter referred to as "Petrochemical Federation") was held in Tianjin Binhai New Area.

On the day before the conference, Li Shousheng, president of the Petrochemical Federation, made the latest judgment on the industry at the first high-level cooperation forum of China's petrochemical central enterprises, state-owned enterprises and private enterprises-at present, China's petroleum and chemical industry has shown four new development trends: first, the leap from a big country to a powerful country has entered a critical period; second, the development of China's petroleum and chemical industry has formed a new industrial structure of state-owned enterprises, private enterprises and foreign enterprises; third, China's petroleum and chemical industry has stepped out of the "shortage economy era" and rapidly entered the "big competition" era; fourth, the development of petroleum and chemical industry is in the period of overcapacity adjustment.

To this end, Li Shousheng suggested that enterprises should do a solid job in strategic innovation and technological innovation to meet the era of "big competition", creatively do a good job in first-class market services in the era of "big competition", and speed up the cultivation of world-class enterprises in the whole industry.

Our reporter learned from the China Petroleum and Chemical Private Economy High-quality Development Conference that as of the end of 2022, there were 28760 enterprises above designated size in the petroleum and chemical industry, of which private enterprises accounted for more than 90%. Among the 377 listed petroleum and chemical companies, there are 267 private enterprises and private relatively holding companies, accounting for 70.8. The income of the top 100 private enterprises in petroleum and chemical industry is 4.65 trillion yuan, accounting for 28.08 of the operating income of the whole industry, of which the income of petrochemical industry is 4.11 trillion yuan, and the total assets of the top 100 enterprises in the industry are 2.95 trillion yuan, accounting for 17.7 of the total assets of the whole industry. The total profit of the top 100 enterprises is 338.6 billion yuan, accounting for 29.96 of the total profit of the whole industry.

In the face of new industry trends, what do enterprises, as the main body of market competition, need to do to promote high-quality development in the era of "stock economy"? What are the development implications of the vigorous development of the private economy in the industry for industry enterprises?

The reporter noted that in the field of China's industrial industry, petroleum and chemical enterprises have made outstanding achievements in building "single champion enterprises" and "specialized and new 'little giant' enterprises. Among them, private enterprises are particularly prominent in the industry.

The data disclosed at the meeting showed that among the seven batches of 1186 individual champions recognized by the Ministry of Industry and Information Technology, there were 165 petroleum and chemical companies, accounting for 13.9 percent, ranking third among all industrial sectors; among the five batches of more than 12000 "little giants" recognized, there were 1523 petroleum and chemical companies, accounting for 11.9 percent, ranking third among all industrial sectors. Among them, private enterprises account for 82% of the 165 single manufacturing champion enterprises in the industry, and private enterprises account for 90% of the 1523 specialized and new "little giant" enterprises in the industry. According to the analysis of statistical data, petrochemical single champion and "little giant" enterprises generally have the characteristics of strong product competitiveness, high market share, high R & D investment intensity, strong innovation ability, good economic benefits and stable enterprise development.

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