The China Enterprise Federation and the China Entrepreneur Association have recently released the Report of 2023 Top 500 Chinese Enterprises and Analysis. Among the enterprises involved in the organic silicon industry, Wanhua Chemical Group Co., Ltd., Transfar Group, Yunnan Energy Investment Group Co.,Ltd (YEIG), Zhongtian Holdings Group, Xinjiang TBEA, Jinling Group, and Xingfa Group have all made the list!
1. Wanhua Chemical's organic silicon business relies on various technological platforms, including silicone oil, silicone resin, silane coupling agents, and terminal product development. These encompass a wide range of products for encapsulation, thermal management, bonding, and coating in industries such as microelectronics, consumer electronics, automotive electronics, home appliances, and industrial electronics. Wanhua Chemical's operating revenue in the first half of 2023 was RMB 87.626 billion, a slight decrease of 1.67% year on year; The net profit was RMB 8.568 billion, a year-on-year decrease of 17.48%.
2. Wynca Group, a subsidiary of Transfar Group, is primarily involved in three major industries: crop protection, silicon-based new materials, and new energy materials. The silicon-based new materials industry encompasses the entire supply chain from upstream silicon mining and smelting to organic silicon monomer synthesis and downstream product manufacturing. These products find wide applications in various fields including power communication, rail transportation and automotive sectors, medical and health industries, as well as consumer electronics. Additionally, it achieved a ranking of 369th on "2023 Top 500 Private Enterprises in China's Manufacturing Industry" list. In the first half of 2023, Wynca recorded an operating revenue of RMB 8.476 billion with a year-on-year decrease of 36.48%, while its net profit amounted to RMB 114 million with a year-on-year decrease of 95.13%.
3. Yunnan Energy Investment Silicon Material Technology Development Co., Ltd., subsidiary of Yunnan Energy Investment Group (YEIG), is an important organic silicon monomer production enterprise in Yunnan Province. YEIG Silicon Materials began the construction project of 400 kt silicone on December 25th, 2019, which is a provincial-level key project that the Group actively implements the green energy strategy of Yunnan Province, serves and supports the integrated development of hydro-power and silicon materials in Yunnan Province. The project has a total investment of RMB 4.29 billion and covers an area of 1600 acres. On April 23rd, 2023, the planning acceptance of the project (Phase I) was well done; On July 26th, the project (Phase I) passed the special acceptance of archives.
4. The subsidiary of Zhongtian Holdings, Zhejiang Transit Oriental Fluorine & Silicon Co., Ltd, primarily focuses on the research and development, production, and sales of various organic silicon products including monomers, cyclomers, methyltrimethoxysilane, fumed silica, as well as downstream related products like 110 rubber, 107 rubber, mixed rubber, silicone sealant and silicone oil. On April 25th, 2023 in Hangzhou City, a signing ceremony was held between Bayannur Municipal Government and Zhongtian Holdings Group for the establishment of a low-carbon industrial park project specializing in new silicon-based materials. The total investment amount for this project is RMB 5.6 billion which will significantly enhance the enterprise's competitiveness within the organic silicon industry.
5. TBEA's New Energy Co., Ltd. has successfully established an integrated "green circular economy industrial chain" silicon, encompassing the development of new materials, core equipment for new energy, and utilization of wind and solar resources. In the first half of 2023, the company achieved a revenue of RMB 17.587 billion, marking a year-on-year increase of 19.51%. The net profit amounted to RMB 4.759 billion, showing a year-on-year decrease of 15.28%.
6. Shandong Jinling Chemical Co., Ltd., a subsidiary of Jinling Group, is located in Guangrao Economic Development Zone, Guangrao County, Shandong Province. It is an important organic silicon monomer production enterprise in Shandong, with the production capacity of 200 kt/a of organic silicon and matching products.
7. Hubei Xingrui Silicon Materials Co., Ltd., a subsidiary of Xingfa Group, is a manufacturer of organic silicon family products, chlor alkali, and cogeneration business. Xingfa Group achieved a revenue of RMB 13.610 billion in the first half of 2023, a year-on-year decrease of 21.33%; The net profit was RMB 609 million, a year-on-year decrease of 83.32%.
