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The petrochemical industry, abbreviated as petrochemics, is an important part of the chemical industry. It encompasses various production sectors such as the pesticide industry, fertilizer industry, rubber additive industry, and synthetic materials industry. It plays a significant role in the development of China’s national economy and is one of the key industrial sectors in the country. In 2005, China’s petroleum and chemical industry achieved another successful year, with a profit of 370.79 billion yuan after accounting for all expenses, representing a 32.3% increase compared to 2004. Among them, the oil processing and petroleum products manufacturing industry incurred losses of 18,918,733 thousand yuan, a significant decline compared to the total profit of 20,781,306 thousand yuan in 2004; it has remained in a loss-making state since 2006. In 2005, the total profit of the pesticide manufacturing industry was 3,324,056 thousand yuan, an increase compared to 2004’s 2,264,016 thousand yuan, indicating that the pesticide industry developed better in 2005 than in 2004. Its growth momentum has continued since early 2006. In 2005, the total profit of China’s fertilizer manufacturing industry was 17,660,144 thousand yuan, which represented an increase compared to 10,815,556 thousand yuan in 2004. In 2005, the synthetic materials manufacturing industry did not incur losses; its total profits amounted to 17,817,592 thousand yuan. However, this figure was lower than 20,178,650 thousand yuan in 2004, indicating slower growth compared to that year. Overall, 2004 was a peak year for the development of the global petrochemical industry. After entering 2005, the gross profit margin of the petrochemical industry declined significantly compared to 2004. 2004 seems to have been the peak of this business cycle; it is expected that by 2007 and 2008, as new facilities come online and a large amount of production capacity for petrochemical products is released, the petrochemical industry will enter a period of stability. Although China’s petrochemical industry faces both challenges and opportunities, its huge current and potential market demand for petrochemical products, along with the fact that the industry has just entered a mature stage of development, ensures that it will continue to play a pivotal role in the national economy for a long time to come, with promising prospects ahead. Resource link: http://www.ocn.com.cn/reports/2006167shiyouhuagong.htm