The first phase of the project broke ground on1October 0974+65438+65438. In just over three years, the largest modern petrochemical fiber production base in China was built on a barren beach in the 1970s. In June, 1977, 18 sets of main production facilities such as crude oil processing, ethylene, chemicals, chemical fiber and plastics were put into trial production. After putting into production, it will provide 1 m chemical fiber fabric raw materials to the whole country every year, with an annual profit and tax of about 500 million yuan. The national first-phase project invested 2.2 billion yuan, and all the investment was recovered in four years.
The second phase of the project started piling on July 1980, and was fully completed and put into operation on July 1985. After putting into production, the utilization rate of crude oil resources has increased from less than 30% to 43%, and nearly 3 meters of chemical fiber fabric raw materials are provided to the whole country every year, with annual profits and taxes exceeding 65.438+0 billion yuan. The national investment and loan for the second phase of the project is 2.3 billion yuan, and the project loan will be paid off in three years.
The third phase of the project started construction in May 1987, and was fully completed and put into operation in April 1992. The project was built by enterprises with self-raised funds of 6 billion yuan. After the project was put into production, the utilization rate of crude oil resources increased from 43% to over 62%, and the ethylene production capacity reached 450,000 tons/year, ranking first in the country. The profit and tax in the year of production was 654.38+0.7 billion yuan. The construction of the second and third phases of the project has enabled Shanghai Petrochemical to complete the transformation from chemical fiber production to comprehensive development of oil, chemical fiber and plastics in a relatively short period of time, and become the largest petrochemical production base with integrated refining and chemical industry in China.
The fourth phase of the project started construction in June 2000 and was fully completed and put into operation in April 2002. The fourth phase of the project mainly focuses on tapping potential and transformation, with a total investment of about 5.2 billion yuan. The construction of the fourth phase project has enabled Shanghai Petrochemical to achieve a "four-level leap" in terms of production scale, technical level, total product volume, sales revenue and comprehensive strength.
According to statistics, during the 20 years from the establishment of 1972 to 1992, Shanghai Petrochemical Complex realized a total profit and tax of 147 billion yuan, equivalent to 1.4 times of the total investment in the first, second and third phases of the project. From 1993 to 2004, the total assets of Shanghai Petrochemical Company increased from11500 million yuan to 28.8 billion yuan, an increase of 1.5 times; Net assets increased from 4 billion yuan to 189 billion yuan, an increase of 3.73 times; The equity of state-owned shares increased from 4 billion yuan to 105 billion yuan, an increase of163%; Accumulated national taxes of1791500 million yuan were paid, and 6.856 billion yuan was distributed to all shareholders, including 4.020 billion yuan of state-owned shares and 2.836 billion yuan of public shares. The accumulated net profit is 654.38+00.606 billion yuan.