On September 12-13, 2024, the 2024 Petroleum and Chemical Enterprise Top 500 Sales Revenue Conference was centered around the theme “Achieving the Leap from Large to Strong.” During the conference, the 2024 rankings of China’s Top 500 Petroleum and Chemical Enterprises were unveiled, with Baijin Chemical securing the 241st position among independently operated enterprises. This accomplishment highlights Baijin’s solid business performance.

The annual Top 500 Petroleum and Chemical Enterprises Conference has become a highly influential event in the petrochemical industry. It serves as a comprehensive review of the yearly achievements of China's major chemical companies while acting as an essential platform for disseminating key industry policies and management insights. In addition to unveiling the 2024 Top 500 rankings, the conference also presented the sectoral Top 100 and Competitiveness Top 100 lists. Two significant reports were introduced for the first time: the Guidelines for Accelerating the Construction of World-Class Enterprises in the Petroleum and Chemical Industry and the Petroleum and Chemical Enterprise Competitiveness Index Research Report, offering a clear direction for future industry development.

According to statistics, China’s petrochemical industry achieved a total revenue of 15.95 trillion RMB in 2023, with a total profit of 873.36 billion RMB, and an import-export volume of 952.27 billion USD. Despite operating in a downturn phase of the industry cycle, the sector showed promising signs of recovery, steady improvement, and enhanced quality, contributing significantly to national energy security and economic growth.

For nearly 20 years, Baijin Group has adhered to its core philosophy of "green development, intelligent manufacturing, efficient production, and happy chemistry." The company has effectively implemented its strategic development and management principles, achieving remarkable results. Specializing in the production of carbon disulfide, Baijin has continuously expanded its sulfide product chain and invested in technological innovation, maintaining its leadership position in the sulfur industry.

With a market share of around 50% in China, Baijin Chemical Group has established itself as a dominant player in this specialized field. Through steady production, sound financial management, strong market presence, and consistent trade growth, Baijin maintains a robust and stable business model. The company has earned a high level of influence and brand recognition within its industry niche.

Source: China Chemical Enterprise Management Association