Huajin Group achieves a strong start in the first quarter

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Huajin Group Achieves Strong Start in the First Quarter Author/Source: China North Industries Group Corporation Huajin Date: 2022-04-19 Clicks: 25 In the first quarter, China North Industries Group Corporation Huajin Chemical Industry Group Co., Ltd. effectively coordinated efforts to manage pandemic prevention and control alongside normal production and business operations; its sales revenue and profits exceeded the planned targets by 4.2% and 31.7% respectively, enabling it to achieve a strong start to the year. Focus on key aspects and critical elements to enhance the core competitiveness of enterprise development. The three main sectors of the production system – fertilizers, petrochemicals, and asphalt – managed to overcome challenges such as low winter temperatures and pandemic control measures. By carefully operating the equipment and continuously optimizing manufacturing processes, they eliminated potential risks, reduced consumption, and ensured continuous operation. The older facilities were revitalized to meet higher standards for energy savings and carbon reduction, enabling green and environmentally friendly operations. The comprehensive energy consumption per 10,000 yuan of output value for these facilities was 1.3720 tons of standard coal per 10,000 yuan, a 19.04% decrease compared to the first quarter of last year ； The operating quality of the main production facilities continues to improve, with the overall effective operation rate rising further ； Through quality management improvement initiatives, various product parameters have continued to improve; 46 products were sampled, and all of them met the quality standards. Two companies in the fertilizer sector took advantage of the favorable conditions in the urea market; by conducting thorough inspections, they were able to identify and address the potential problems that often arose toward the end of equipment maintenance. They made every effort to ensure a steady supply of products, worked hard to maintain the stable and efficient operation of the equipment, thus preventing delays in agricultural activities related to spring plowing and achieving substantial profits. In this way, they made significant contributions to the success of Huajin Group ； Faced with the adverse impact of sharp increases in international crude oil prices, the petrochemical sector employed precise control measures and strict production management, resulting in operation rates of 99.87% for refining units and 96.73% for ethylene production units – figures that showed a significant improvement compared to the previous quarter ； Beili Company has established a comprehensive safety framework, further strengthened safety management and safety culture construction, strictly implemented the principle of \"dual responsibilities for each position\" in terms of safety production, and vigorously promoted a safety responsibility system for individual equipment. This has ensured the safe operation of the facilities and an increase in production capacity, thereby helping to boost profitability **above the planned levels. Ensure supply, reduce costs, expand markets, and build a powerful marketing \"circle of friends\". Crude oil procurement involves measures such as controlling the pace of purchases, managing volume differences, selecting appropriate shipping locations, and coordinating the order of berthing, in order to reduce procurement costs. During periods when international crude oil prices are high, strategies such as maintaining low inventory levels and avoiding the purchase of oil varieties with high purchase premiums are employed to minimize the negative impacts of high oil prices on operations and production. In terms of material procurement, make full use of the group company’s e-procurement platform to increase online and centralized procurement of various materials. Actively carry out the consolidation of agency agencies, eliminate intermediate steps, expand the number of potential suppliers, and enhance price competition among them ； Develop high-quality suppliers, establish strategic partnerships, and achieve scale advantages ； By replacing imported materials and spare parts with domestic alternatives, procurement costs are reduced, while simultaneously minimizing the various uncertainties associated with international sourcing. Sales work strengthens the close connections among production, technology, and marketing; it makes full use of e-commerce platforms for sales, emphasizes performance orientation and value creation, and continuously improves the professionalism of the marketing team ； Focus on large enterprises and key clients, and strengthen close communication with strategic partners. Building on collaborations with major clients such as Shanghai Prilt and Midea, pursue more in-depth cooperation to continuously expand the network of new clients” ； Efforts have been intensified to boost sales of high-value-added products; 156,600 tons of No. -35 diesel were sold in the oil category, while high-value-added polyolefin products accounted for over 64% of total sales. Sales of large-grained fertilizer products as well as large-grained slow-release urea continued to increase ； The export of refined oil products has been highly successful: a total of 143,900 tons of diesel was shipped aboard 4 vessels, thus exceeding the export quota for the first half of the year ahead of schedule. Driven by innovation, enterprises’ ability to generate value continues to improve. By continuously optimizing the system for technological innovation and the incentive mechanisms for new product development, and by making full use of the R&D platform at Huajin Chemical Research Institute, while focusing on the urgent needs of the enterprise and market demands, it has strengthened cooperation among research, production, and sales activities, accelerated the technical upgrading of traditional products, and sped up the development and application of new products. The Huajin-Changchun University of Technology Joint Laboratory was established, the Beili Special Oils R&D Center was set up, high-end technical teams and talents were brought in, thereby continuously improving the technological innovation system ； Significant progress has been made in the development of new products such as HJ9160B, a material specifically designed for milk tea cups, medical-grade ABS products, and materials tailored for high-end lithium battery separators ； The trial production of the new product is progressing smoothly, with 6,754 tons actually produced, exceeding the planned schedule ； Technological improvement projects such as the research, development, and industrialization of radiation-resistant medical-grade transparent polypropylene, the research, development, and industrialization of antibacterial polypropylene, and the research, development, and industrialization of high-performance bulk ABS resins have contributed to the continuous enhancement of enterprises’ efficiency in generating profits.