Shaanxi Chemical Company has instantly become one of the top profit-generating entities in the chemical sector of Shaanxi Coal Group
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As a large-scale chemical enterprise under Shaanxi Coal Group that integrates coal chemicals, phosphate chemicals, and fine chemicals, Shaanxi Chemical has managed to achieve operational results that rank it among the top enterprises in the first group, despite having an asset scale that places it in the third group of companies under Shaanxi Coal Group; as a result, it has become one of the most profitable companies in the group’s chemical sector. In the first two months of this year, Shaanxi Chemical Industry’s total chemical production increased by 14.6% ； Operating revenue amounted to 1.408 billion yuan, representing 113% of the planned target, with a year-on-year increase of 539 million yuan ； The total profit amounted to 414 million yuan, representing 166% of the planned target, with an increase of 350 million yuan compared to the previous year.
Shaanxi Shanhua Chemical Group Co., Ltd. was originally established in August 1997 as Shaanxi Huashan Chemical Group Co., Ltd., through the merger of the former Shaanxi Fertilizer Factory and Shaanxi Compound Fertilizer Factory; it joined Shaanxi Coal and Chemical Industry Group Co., Ltd. in June 2006. The company is located in the Fine Chemical Industry Park in Huaxian County, Shaanxi Province. It is bordered by the Qinling Mountains to the south, and is adjacent to National Highway 310, the Longhai Railway, and the Xitong Expressway to the north. The company covers an area of over 2.23 million square meters, has more than 3,200 employees, and its total assets amount to 1.6 billion yuan. The company has subsidiaries such as the Fertilizer Plant, Compound Fertilizer Plant of Shaanxi Shihua Fertilizer Co., Ltd., Bidiu Chemical Co., Ltd., Shaanxi Shihua Coal Chemical Co., Ltd., the Supply Company, the Marketing and Distribution Company, the Industrial Development Company, and the Plastics Industry Company.
Fertilizer companies have had relatively good times over the past two years