Nanyang Energy Chemical Company of Henan Oilfield produced 46,200 tons of special waxes

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In the first three quarters, Nanyang Energy Chemical Company of Henan Oilfield produced 46,200 tons of specialty waxes and sold 45,500 tons of them. Both production and sales volumes of specialty waxes continued to increase, and the targets set for revenue and profitability were all exceeded. Since the beginning of this year, faced with the \"triple pressure\" of weak market demand, fluctuating export tariffs, and narrowing profit margins, Energy & Chemical Companies have acted in line with their own realities by focusing on a development path characterized by specialization, excellence, and innovation. They have improved the integrated mechanism for research, procurement, production, storage, and sales, and made every effort to optimize the production of high-value-added products as well as to expand their market presence. By fully tapping into the potential of wax resources, they have increased efforts in the research and development and promotion of high-end specialty waxes, thereby continuing to strengthen their competitive advantages in the specialty wax market. Leveraging the Nanyang Special Waxes R&D Center as a technological incubator, the company accelerates efforts to develop key core technologies and continues to increase investment in the research and development of new products. By adhering to independent technological innovation and the optimization of production processes, and by intensifying efforts in the research, development, and sales of its high-quality phase change wax products, the company has successfully overcome the production challenges associated with phase change wax products with concentrations of over 99%. It has managed to transition from laboratory-scale production to industrial-scale manufacturing, thereby expanding its range of phase change wax products from a single type to a full range. This has opened up broader application prospects for these products in areas such as cold chain logistics, new energy, and electronics, resulting in a significant increase in their market share. Aiming at its annual production and sales targets as well as cost-efficiency indicators, the company conducts dynamic optimization and adjustments to its sales, production, and procurement targets and strategies every two weeks. By optimizing production across the entire supply chain, it strives to establish a competitive advantage in terms of low-cost production and sales. At the same time, a rapid response mechanism has been established to closely monitor market changes. With a flexible production model featuring “small batches, multiple batches, and diverse product varieties”, we can precisely meet market demands. In the first three quarters, the company exported over 1,100 tons of special wax products such as specialty waxes and rubber waxes; compared to the previous year, the output of these special waxes increased by 793 tons, while sales of such waxes rose by 1,794 tons.