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Recently, major chemical manufacturers around the world have successively released their financial reports for the second quarter of 2023 and their semi-annual reports. Amid the ongoing weak market demand, the sales and profitability of various manufacturers show mixed results. However, there are signs that the decline in demand caused by the inventory reduction cycle may have reached its bottom. Asia: Rongsheng Petrochemical achieved revenue of 154.525 billion yuan in the first half of 2023, a year-on-year increase of 4.67% ； The net profit attributable to the shareholders of the listed company was -1.127 billion yuan, compared with 5.367 billion yuan in the same period of the previous year. Among them, in the second quarter of 2023, revenue reached 84.805 billion yuan, representing a year-on-year increase of 7.31% and a quarter-on-quarter increase of 21.64% ； The net profit attributable to the parent company reached 341 million yuan, a year-on-year decrease of 84.84% and a month-on-month increase of 123.24%. In the first half of 2023, Hengli Petrochemical achieved operating revenue of 109.429 billion yuan, a decrease of 8.16% compared to the previous year ； The net profit attributable to the parent company was 3.049 billion yuan, a year-on-year decrease of 62.01%. Among them, the main business revenue in the second quarter was 53.303 billion yuan, a year-on-year decrease of 18.95% ； The net profit attributable to the parent company for a single quarter was 2.029 billion yuan, a decrease of 46.65% on a year-on-year basis, but an increase of 98.92% compared to the first quarter of the previous year. China Chemical’s operating revenue in the first half of 2023 was approximately 90.929 billion yuan, representing a 21.57% increase compared to the previous year ； The net profit attributable to the shareholders of the listed company was approximately 2.946 billion yuan, an increase of 11.23% on a year-on-year basis. In the first half of 2023, Wanhua Chemical’s revenue was 87.6 billion yuan, a 1.67% decrease on a year-on-year basis, while its net profit was 8.568 billion yuan, a 17.48% decline compared to the previous year. Revenue in the second quarter dropped by 3.48% year-on-year to 45.687 billion yuan, while net profit fell by 9.86% year-on-year to 4.515 billion yuan. In the first half of 2023, Dongfang Shenghong’s main revenue amounted to 65.9 billion yuan, representing a year-on-year increase of 117.91% ； The net profit attributable to the parent company was 1.68 billion yuan, an increase of 3.21% on a year-on-year basis. In the second quarter, main business revenue reached 36.365 billion yuan, a year-on-year increase of 120.81% ； The net profit attributable to the parent company was 963 million yuan, an increase of 2.09% on a year-on-year basis. In the first half of 2023, Hengyi Petrochemical achieved main business revenue of 64.316 billion yuan, a decrease of 19.41% compared to the previous year ； The net profit attributable to the parent company was 76.0824 million yuan, a decrease of 95.8% year-on-year ； Net profit after deducting non-recurring items was 73.0106 million yuan, a year-on-year decrease of 96.06%. In the second quarter of 2023, the main business revenue was 35.935 billion yuan, a year-on-year decrease of 22.81% ； The net profit attributable to the parent company was 41.2361 million yuan, a decrease of 96.19% year-on-year. In the first half of 2023, Tongkun Shares achieved operating revenue of 36.897 billion yuan, a year-on-year increase of 23.60% ； The net profit was 105 million yuan, a decrease of 95.42% on a year-on-year basis. In the second quarter, main business revenue amounted to 20.984 billion yuan, an increase of 24.48% on a year-on-year basis ； The net profit attributable to shareholders for the quarter was 595 million yuan, a year-on-year decrease of 25.2%. In the first half of 2023, Yuntianhua achieved operating revenue of 35.219 billion yuan, a decrease of 3.83% on a year-on-year basis ； The net profit was 2.678 billion yuan, a decrease of 22.74% on a year-on-year basis. In the second quarter, main business revenue amounted to 19.333 billion yuan, a decrease of 10.74% on a year-on-year basis ； The net profit attributable to the parent company for a single quarter was 1.105 billion yuan, a decrease of 39.28% on a year-on-year basis. Sinochem International’s operating revenue in the first half of 2023 was approximately 29.021 billion yuan, a decrease of 34.66% on a year-on-year basis ； The net profit attributable to the shareholders of the listed company was in the red by approximately 164 million yuan. Main business revenue in the second quarter was 14.255 billion yuan, a year-on-year decline of 44.25% ； The net profit attributable to the parent company for a single quarter was -277 million yuan, a decrease of 147.72% on a year-on-year basis. In the first half of 2023, Xinfengming’s operating revenue was approximately 28.183 billion yuan, representing a 18.84% increase compared to the previous year ； The net profit attributable to the parent company was approximately 479 million yuan, an increase of 21.77% on a year-on-year basis. Operating revenue in the second quarter was 15.673 billion yuan, representing a year-on-year increase of 19.53%. The company’s net profit attributable to the parent company was 290 million yuan, a year-on-year increase of 166.35%. In the first half of 2023, Zhongtai Chemical’s operating revenue was approximately 20.442 billion yuan, a decrease of 30.35% on a year-on-year basis ； The net loss attributable to shareholders of the listed company was approximately 951 million yuan, a year-on-year decrease of 183.04%. In the second quarter, the company achieved operating revenue of 9.735 billion yuan, a decrease of 32.13% on a year-on-year basis ； Net profit was -629 million yuan, a decrease of 189.49% on a year-on-year basis. In the first half of 2023, Kingfa Technology achieved operating revenue of approximately 20.349 billion yuan, a year-on-year increase of 4.53% ； The net profit was approximately 469 million yuan, a decrease of 41.53% year-on-year. In the second quarter, the total operating revenue reached 10.666 billion yuan, a year-on-year increase of 6.56% ； The net profit attributable to the parent company was 170 million yuan, a decrease of 55.29% on a year-on-year basis. In the first half of 2023, Satellite Chemical achieved operating revenue of 20.014 billion yuan, a 6.38% increase on a year-on-year basis ； The net profit attributable to the parent company was 1.843 billion yuan, a decrease of 34.13% on a year-on-year basis. Operating revenue in the second quarter was 10.599 billion yuan, showing a slight decline of 0.72% on a year-on-year basis ； The net profit was 1.136 billion yuan, a decrease of 10.31% on a year-on-year basis. Huayi Group’s operating revenue in the first half of 2023 was approximately 19.576 billion yuan, representing a 0.37% increase compared to the previous year ； The net profit attributable to the shareholders of the listed company was approximately 111 million yuan, a decrease of 89.23% on a year-on-year basis. Mitsubishi Chemical’s sales revenue in the second quarter of 2023 was 1,061.2 billion yen, a 4.1% decrease compared to the previous year ； The net profit attributable to the parent company’s owners was 42.536 billion yen, a decrease of 5.2% on a year-on-year basis. Mitsui Chemical’s sales revenue in the second quarter of 2023 was 407.9 billion yen, a 14.3% decline year on year ； The net profit attributable to the parent company’s owners was 9.6 billion yen, a decrease of 65.7% on a year-on-year basis. Shin-Etsu Chemical’s sales revenue in the second quarter of 2023 was 599.2 billion yen, a 9% decline year on year ； The net profit attributable to the parent company’s owners was 153.6 billion yen, a 17% decline year on year. Asahi Kasei’s sales revenue in the second quarter of 2023 was 650.7 billion yen, a 2.9% decline year-on-year ； The net profit attributable to the owners of the parent company was 9.59 billion yen, a decrease of 67.8% on a year-on-year basis. Sumitomo Chemical’s sales revenue in the second quarter of 2023 was 563.1 billion yen (approximately $3.88 billion), compared to 774.1 billion yen in the same period of the previous year. The net loss attributable to shareholders of the parent company was 33.2 billion yen, compared with a net profit of 70 billion yen in the same period of the previous year. Toray’s net profit in the second quarter of 2023 decreased by 65% on a year-on-year basis, falling to 13.9 billion yen. The sales revenue component of operating income decreased by 5%, falling to 578 billion yen. South Korea’s LG Chem recorded sales of 14.5415 trillion won in the second quarter of 2023, representing a 18.8% increase year-on-year ； Operating profit was 615.6 billion won, a 29.9% decrease year-on-year. Among them, the sales volume for the petrochemical business was 4.5589 trillion won, with an operating loss of 12.7 billion won. Lotte Chemical’s sales in the second quarter of 2023 were 5,002 billion won (approximately $3.78 billion), compared to 5,318 billion won in the same period the previous year, representing a decline of 5.9%. The quarterly net loss was 140 billion won, compared to a net profit of 360 billion won in the same period last year. SABIC’s sales in the second quarter of 2023 were 37.17 billion Saudi riyals (equivalent to $9.91 billion) ； Net profit was 1.18 billion Saudi riyals (equivalent to $310 million), a 79% increase from the previous quarter. Europe: BASF’s sales in the second quarter of 2023 amounted to 17.3 billion euros, a decrease of 24.7% compared to the previous year ； Excluding interest, taxes, depreciation, and amortization for special items, earnings declined by 1.3 billion euros, reaching 1.9 billion euros ； EBITDA declined by 1.5 billion euros, reaching 1.9 billion euros ； The net profit was 499 million euros, compared to 2.1 billion euros in the same period last year. Bayer’s group sales for the second quarter of 2023 amounted to 11.044 billion euros, a 8.2% decrease compared to the previous year ； EBITDA, excluding special items, was 2.527 billion euros, a 24.5% decrease on a year-on-year basis. The net profit was -1.887 billion euros, compared to -298 million euros in the same period of the previous year. Syngenta Group’s revenue for the first half of the year was $17.5 billion, a 3% decrease from the previous year, while its EBITDA was $3.2 billion, representing a 7% decline. Operating revenue in the second quarter was $8.3 billion, with EBITDA at $1.4 billion. Linde’s sales in the second quarter of 2023 were $8.2 billion, a 3% decline year-on-year ； The net profit attributable to the parent company was $1.575 billion, compared to $372 million in the same period of the previous year. Air Liquide’s revenue in the first half of 2023 reached 13.9 billion euros, a 1.6% decline compared to the previous year ； Net profit (group shares) reached 1.72 billion euros, a 32% increase year-on-year. Henkel’s sales in the second quarter of 2023 were 5.316 billion euros, a 5.8% decrease compared to the previous year. Sales in the first half of 2023 reached 10.9 billion euros, an increase of 0.1% compared to the same period the previous year ； Operating profit (EBT) increased significantly to 1.254 billion euros, a 7.6% rise on a year-on-year basis. Yaren’s revenue in the second quarter of 2023 was $3.943 billion, compared to $6.453 billion in the same period the previous year. The quarterly net loss was $298 million, compared to a net profit of $667 million in the same period last year. BASF’s sales in the second quarter of 2023 declined by 19% compared to the same period last year, amounting to 3.89 billion euros. EBITDA was 450 million euros, a 38% decrease on a year-on-year basis, but it showed a slight improvement compared to the first quarter (409 million euros). Ineos Group’s revenue in the second quarter of 2023 was 3.722 billion euros (approximately 4.04 billion dollars), compared to 6.055 billion euros in the same period the previous year. The quarterly net loss was 18.5 million euros, compared with a net profit of 567 million euros in the same period last year. In the second quarter of 2023, Covestro achieved group sales of 3.7 billion euros, a decrease of 20.9% compared to the previous year ； Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 385 million euros, a decrease of 29.6% on a year-on-year basis ； The total net profit was 46 million euros, a decrease of 76.9% year on year. Solvay’s net sales for the second quarter of 2023 were 3.087 billion euros, a 11.2% decrease compared to the previous year ； Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 790 million euros, a 8.6% decrease on a year-on-year basis. Net sales in the first half of 2023 were 6.254 billion euros, a 4.3% decline year on year ； Earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.629 billion euros, up 3.4% on a year-on-year basis. DSM-Firmenich’s sales in the second quarter of 2023 were 3.03 billion euros (approximately 3.29 billion dollars), compared to 3.335 billion euros in the same period the previous year, representing a 9% decline. Quarterly adjusted EBITDA profit was 408 million euros, compared to 582 million euros in the same period of the previous year, representing a 30% decline. AkzoNobel’s sales in the second quarter of 2023 were 2.741 billion euros, a 4% decline compared to the previous year ； Operating revenue was 279 million euros, a 36% increase year-on-year ； In the first half of 2023, sales amounted to 5.398 billion euros, remaining roughly on par with the previous year. Arkema’s sales in the second quarter of 2023 amounted to €2.4 billion, a 23% decrease year-on-year ； Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 417 million euros, a decline compared to the very high figure of 705 million euros in the second quarter of 2022. In the second quarter of 2023, Wacker Group achieved sales of 1.75 billion euros, a 19% decrease compared to the previous year ； EBITDA was 256 million euros, a 59% decrease year on year ； The net profit was 119 million euros. Lanxess’s sales in the second quarter of 2023 dropped to 1.778 billion euros, down from 1.999 billion euros in the same period of the previous year, a decrease of 11.1%. Within the scope of regular operations, EBITDA declined from 253 million euros to 107 million euros, a drop of 57.7%. Clariant’s sales in the second quarter of 2023 were 1.084 billion Swiss francs, a 17% decline year on year ； The EBITDA margin was 16.1%, lower than 16.6% in the same period last year. Sales in the first half of 2023 were 2.284 billion Swiss francs, a 3% decline year-on-year ； The EBITDA margin was 15.0%, compared to 17.0% in the same period of 2022. North America: Dow’s net sales for the second quarter of 2023 were $11.4 billion, a 27% decline year on year ； Sales dropped by 8% year-on-year. The net profit was $501 million, compared to $1.661 billion in the same period of the previous year. LyondellBasell’s sales revenue in the second quarter of 2023 was $10.306 billion, compared to $14.838 billion in the same period the previous year. Net profit was $715 million, a year-on-year decrease of 68.7% ； EBITDA was $1.4 billion, a year-on-year decrease of 41.7%. Ecolab’s net sales for the second quarter were $3.852 billion, compared to $3.581 billion in the same period last year. The company’s quarterly net profit was $330 million, compared to $308 million in the same period of the previous year. Nutrien’s sales in the second quarter of 2023 were $11.654 billion, compared to $14.506 billion in the same period the previous year. Quarterly net profit was $448 million, compared to $3.601 billion in the same period last year. Xuanwei: In the second quarter of 2023, Xuanwei’s net sales amounted to $6.24 billion, representing a growth of 6.3% ； The net profit was $794 million. In the first half of 2023, sales amounted to $11.683 billion, representing a 7.5% increase year-on-year ； The net profit was $1.271 billion, a year-on-year increase of 33.93%. Meisheng’s revenue for the second quarter of 2023 was $3.394 billion, a decrease of approximately 37% on a year-on-year basis ； Net profit amounted to 369 million, a year-on-year decrease of 64.3% ； EBITDA increased by 31.4% year-on-year, reaching $1.28 billion. PPG’s net sales for the second quarter of 2023 were $4.872 billion, representing a 4% increase year-on-year ； Net profit was $490 million, a 11% increase year-on-year. Net sales in the first half of 2023 were $9.252 billion, representing a 2.8% increase year-on-year ； Net profit was $754 million, a 64% increase year-on-year. International Flavors & Fragrances (IFF) reported net sales of $2.929 billion in the second quarter of 2023, compared to $2.207 billion in the same period the previous year. The quarterly net profit attributable to the company’s shareholders was $27 million, compared to $107 million in the same period of the previous year. West Lake Chemical Group’s net sales in the second quarter of 2023 reached $3.3 billion ； Net income was $297 million, a 65.4% decrease year-on-year ； EBITDA was $690 million, a 52.6% decrease year-on-year. DuPont’s net sales for the second quarter of 2023 were $3.1 billion, a 7% decrease from the previous year ； The quarterly net loss attributable to the company’s shareholders was $131 million, compared with a net profit of $787 million in the same period last year. Air Products’ sales in the second quarter of 2023 were $3.2 billion, representing a 9% increase year-on-year ； GAAP net profit was $450 million, a 16% decline year-on-year ； Adjusted EBITDA was $1.151 billion, representing a 13% year-on-year increase. In the second quarter of 2023, Eastman’s sales revenue amounted to $2.324 billion, a year-on-year decrease of 16.5% ； EBIT was $323 million, a 24.2% decrease year-on-year ； Adjusted EBIT was $336 million, a 28.4% decrease year-on-year. CF2’s net sales for the second quarter of 2023 were $1.775 billion, a 48% decline year-on-year ； Net profit attributable to common shareholders was $527 million, a sharp drop of 55% year-on-year. Serenus’ net sales for the second quarter of 2023 were $2.795 billion, representing a 13.25% increase compared to the same period last year ； Net income was $221 million, a 49.3% decline year-on-year. Huntsman’s revenue in the second quarter of 2023 was $1.596 billion, a 26.45% decline from the previous year (it was $2.17 billion in 2022) ； Net income was $19 million, a 91.7% decrease year-on-year (compared to $228 million in 2022) ； Adjusted EBITDA was $156 million, a 62% decline year-on-year (compared to $410 million in 2022). Revenue in the first half of 2023 was $3.2 billion, a 26.6% decline year-on-year ； Net income was $172 million, a 71.8% decrease year-on-year ； Adjusted EBITDA was $292 million, a 63.4% decrease year-on-year. Yabao’s net sales in the second quarter of 2023 were $2.37 billion, representing a year-on-year increase of 60.2% ； Net income was $650 million, a year-on-year increase of 59.8% ； Adjusted EBITDA was $1.032 billion, representing a year-on-year increase of 69.2%. Cordia’s revenue for the second quarter of 2023 was $880 million, a 12% decline year-on-year ； EBITDAI was $1.75 billion, up 2% year-on-year. The revenue for the first half of 2023 was $1.49 billion, a 6% decrease compared to the same period last year ； EBITDA was $2.98 billion, up 8% year-on-year. Fumiishi’s revenue in the second quarter of 2023 was $1.01 billion, a 30% decline compared to the same period last year ； Net income was $32.4 million, a 75% decrease from the second quarter of 2022 ； Adjusted EBITDA was $187.6 million, a 48% decrease compared to the same period last year. Comau’s net sales in the second quarter of 2023 were $1.6 billion, a 14% decrease compared to the previous year ； The adjusted net income was $167 million ； Adjusted EBITDA was $324 million, a 32% decrease year on year. ArcelorMittal’s net sales for the second quarter of 2023 were $1.294 billion, representing a 4.78% increase on a year-on-year basis ； Total operating revenue was $137.6 million, a year-on-year increase of 32.82% ； Net income was $61 million, a year-on-year increase of 27.87% ； Adjusted EBITDA was $154.5 million, a year-on-year increase of 2.59%. .........................................................................Do not reproduce without permission. If reproducing, please indicate the source in the following format: China Chemical Industry News