Chongqing Chemical and Pharmaceutical Group’s 2021 Annual Work Summary Meeting Was Held

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Chongqing Chemical Medicine Group’s 2021 Annual Work Summary Meeting Held Author/Source: Chongqing Chemical Medicine Date: 2022-03-18 Clicks: 5 On the morning of February 23, Chongqing Chemical Medicine Group’s 2021 Annual Work Summary Meeting was held. It is reported that Chongqing Chemical Medicine Group achieved total operating revenue of 80.2 billion yuan and a total profit of 3 billion yuan for the whole year. It has remained among the top 500 Chinese enterprises for 15 consecutive years, and in 2021 it ranked 7th among the top 100 enterprises in Chongqing. In recent years, Chongqing Chemical & Pharmaceutical Group has persisted in deepening reforms, utilizing technology to inject vitality into the enterprise. It has established a modern corporate management system and continuously sought new partners to broaden its horizons. In the chemical industry sector, Chongqing Chemical Medicine Group, together with Qianxin Group and Changshou Economic Development Investment, established YuHua New Materials Company. It carried out the integration and restructuring of 11 high-quality chemical enterprises, actively promoted the securitization of high-quality assets, and provided consulting services for the IPO listings of outstanding companies in the fields of chemicals and new materials. The preliminary capital operation plans for Chiyuan Chemicals as well as the feasibility studies for the listing of Jushi New Materials have been largely completed ； In the pharmaceutical sector, investment and acquisition projects were completed in Inner Mongolia Tianhe, Changsheng, Hangzhou, etc.; efforts were made to strengthen the presence in the regions of Sichuan, Chongqing, Yunnan, and Guizhou. The “Thousand Hospitals, Ten Thousand Stores” initiative was launched, and the market share of flagship products such as Jingqiancao Granules and Xiaoxuan Zhiyun Tablets continued to increase in the domestic market. In 2021, Chongqing Chemical Industry Group invested 410 million yuan in research and development. Special funds were allocated to reward 33 outstanding scientific and technological achievements, 5 leading scientists and technologists, as well as 22 senior engineers and skilled technicians. The project related to breaking through technical bottlenecks in chemical production facilities, as well as the development and application of new product processes, received the special prize. Various innovative talents lead their teams in the continuous development of new products. Throughout the year, 47 key projects for new product development were carried out on a rolling basis; 16 new chemical products, such as solubilized nutrient fertilizers and high-end neoprene, were brought to market. Seven other new products, including highly methoxylated amino resins, 1,4-butanediol, and amoxicillin capsules, were recognized as major new products at the municipal level ； Fifty development projects involving new technologies and processes have been carried out; 12 of them, including the research on enhancing methanol distillation capabilities at Chiyuan Chemical and the application research on intelligent management of energy systems at Ying Tianhui, have now been put into industrial operation ； 124 new patents have been authorized. Digital transformation and intelligent upgrading are advancing at a rapid pace. Seven digital workshops, including Jianfeng New Materials’ steam DCS system and Changfeng Chemical’s diphenylmethane production facility, have been recognized at the municipal level. Two smart factories, namely Jianfeng High-Efficiency Chemicals’ organic solvent manufacturing plant and the green ecological fertilizer production facility, have also received municipal recognition. Chongyao Kecorui’s ceftazidime-tazobactam sodium for injection won the third prize for scientific and technological progress at the municipal level. Among them, the Cabrel methanol plant achieved a record of 228 days of continuous Class A operation throughout the year, while its comprehensive energy consumption per ton of methanol ranked first in the industry nationwide for two consecutive years. The phosgene derivative production facility at Changfeng Chemical was brought online successfully on its first attempt after completion, and the plant became profitable in the same year it was relocated. “\"On the basis of laying a solid foundation, we encourage everyone to bring in high-quality projects, and at the same time go out to learn from others’ strengths,\" said the person in charge of Chongqing Chemical Medicine Group. It is understood that Chongqing Chemical Industry Group invested 7.076 billion yuan throughout the year, launching the \"Chemical Industry Doubling Plan.\" The group carried out efforts to strengthen and expand the chemical industry chain, planned a number of strategic and forward-looking new projects, and invested in projects with good market prospects, significant potential for improvement, and the ability to be produced flexibly. Projects such as Sichuan Yu Sanxia’s 30,000 tons per year production facility for high-solid-content oil-based coatings and water-based industrial coatings, Changfeng Chemical’s complete relocation (Phase 1), and Ningxia’s technical upgrade of the 171 methionine production process (Phase 1) have been completed and put into operation ； A number of projects are being accelerated, including Ningxia Yufeng’s circular economy initiative to produce 90,000 tons per year of LNG from coke oven gas, Jianfeng Chemical’s recycling of ammonia synthesis off-gases, and Kabele’s use of chemical waste gases to produce 200,000 tons per year of ammonia through circular economy methods ； Projects such as Chongyao Holding’s Ningxia Modern Pharmaceutical Logistics Center have been completed and put into use, while the logistics projects in Sichuan, Wuhan, and Gansu, as well as the Modern Logistics Comprehensive Base (Phase II), are progressing smoothly. Taking advantage of the development of the Chengdu-Chongqing Twin-City Economic Circle and the strategies for achieving carbon peak and carbon neutrality, Chongqing Chemical Industry Group is accelerating the relocation and construction of equipment such as acetylene and air separation units necessary for MDI production ； Complete the feasibility study report for the conductive carbon black cooperation project ； Promote coordination in the hydrogen energy industry related to Cabrel, improve the technical solutions for producing hydrogen from methanol off-gases, and the Zhongke liquid hydrogen project is set to begin construction soon ； Initiated the implementation of the Northwest Strategy and Xinjiang Strategy, and signed investment cooperation framework agreements with Qianxin Group and the Aksu Region.