Junzheng Group's 300kt/year BDO project and 120kt/year PTMEG project complete 62% of construction progress

On August 31, 2023, Junzheng Group released its semi-annual performance report, stating that the operating income for the first half of 2023 was approximately 9.8 billion RMB, a decrease of 6.34% compared to the same period of last year. The net profit attributable to shareholders of the listed company was approximately 1.525 billion RMB, down by 24.96% year on year. The basic earnings per share were 0.1807 RMB, down by 24.96% on annual basis.

Junzheng Group stated that during the reporting period, the progress of the first-phase project of the annual production of 2x600kt/year of BDO and 2x1000kt/year of PBAT/PBS/PBT/PTMEG green and environmentally friendly recycling industry, as well as the supporting projects, went smoothly.

As of now, the 300kt/year BDO project and the 120kt/year PTMEG project have completed 62% of the overall construction progress. The 3 million-ton/year coke project has completed 72% of the overall construction progress. The calcium carbide upgrade and renovation project has completed 95% of the overall construction progress. The 550kt/year methanol comprehensive utilization project, which is part of the industrial chain, has completed 75% of the overall construction progress. These projects will be put into operation successively by the end of 2023 and early 2024.