The development index of 2019 of China petroleum and chemical industry was officially released at the 2019 release conference of China petroleum and chemical industry top 500 enterprises held recently, which was 61.48, indicating that, compared with the previous year, the vast majority of enterprises in the industry are doing well.

Wang Shugang, the president of China Chemical Enterprise Management Association, said that the petroleum and chemical industry development index is the data standard of the petroleum and chemical industry development, and it is the quantitative calculation and evaluation of the whole industry development as well. At present, the research on the development index of chemical industry is still in the primary stage.The petroleum and chemical industry development index of 2019 showes the development level of the whole industry by taking 349 listed companies in the petroleum and chemical industry in 2018 as representative samples.It is helpful for other enterprises to match with advanced enterprises and promote the high quality development of the whole industry.

Wang Shugang said that it is of great significance to study and release the petroleum and chemical industry development index. First, it can be used as an important reference factor for making the national strategic plan of petroleum and chemical industry and strengthening macro management. Second, it can also be used as an important point for the formulation and management of petroleum and chemical industry planning. Third, it can be used as an important means to guide enterprises to carry out management innovation, improve quality and efficiency. Finally, it can be a reference for petroleum and chemical enterprises to improve their competitiveness and management level.

According to Xin Chunlin, vice dean of the School of Economics and Management of Beijing University of Chemical Technology, this year's industry development index comprehensively considers the characteristics and operational principles of the industry, starting from the aspects of cost, performance, innovation, safety and environmental protection, etc., and comes to the conclusion after conducting in-depth research on the whole industry. The 2019 industry development index was 61.48, indicating that the petroleum and chemical industries are doing well.

At the same time, the research shows that the prominent problem is that enterprises do not invest enough in scientific and technological innovation and safety and environmental protection. According to the corresponding data analysis, the industry, as a whole, has less investment in scientific and technological innovation research and development, and increasing scientific and technological innovation is the necessary way for enterprises to achieve good development in the future. In addition, the petrochemical industry investsted insufficiently in safety and environmental protection. The main reason is that the operating cost of enterprises is too high. In order to cut costs and increase profits, many enterprises often reduce their investment in environmental protection, which should be paid enough attention to by enterprises.