251.651 billion! Wanhua Chemical's market value hits a new high

On October 14, Wanhua Chemical’s closing price was 80.15 yuan, an increase of 1.33%, and its market value broke through the 250 billion yuan mark for the first time, reaching 251.651 billion yuan.

According to the "September 2020 Shandong A-Share Listed Companies Market Value TOP100" list released by the Wabei Research Institute, there are 7 companies with a market value of more than 100 billion yuan, and Wanhua Chemical ranks first with a market value of 216.7 billion yuan, which is the only company in Shandong A listed company with a market value exceeding 200 billion yuan.

Wanhua Chemical’s 2020 semi-annual report shows that in the first half of 2020, Wanhua Chemical achieved operating income of 30.907 billion yuan, a year-on-year decrease of 2.00%; net profit attributable to shareholders of listed companies was 2.835 billion yuan, a year-on-year decrease of 49.56%; attributable to listing The net profit of the company's shareholders after deducting non-recurring gains and losses was 2.49 billion yuan, a year-on-year decrease of 50.62%.

It is reported that the predecessor of Wanhua Chemical was Yantai Wanhua Polyurethane Co., Ltd., which was established in December 1998. It was the first joint-stock company in Shandong Province to be listed after restructuring. It was successfully renamed Wanhua Chemical Group Co., Ltd. on June 6, 2013. Limited company. At present, it is mainly engaged in polyurethane (MDI, TDI, polyether polyol), propylene and its downstream acrylic acid, propylene oxide and other series of petrochemical products, SAP, TPU, PC, PMMA, organic amine, ADI, water-based coatings and other fine chemicals and new Material development, production and sales. Among them, MDI and TDI are one of the most important raw materials for the preparation of polyurethane. Polyurethane has the dual advantages of rubber and plastics, and is widely used in chemical, light industry, textile, construction, household appliances, building materials, transportation, aerospace and other fields.

Although the performance growth rate has slowed down, Wanhua Chemical has not stopped its expansion and many projects are under construction. The ethylene production base in Yantai Industrial Park is planned to be put into operation within the year, with an annual production capacity of 1 million tons. The ethylene project started in 2018 and will become an important part of Wanhua Chemical's petrochemical sector in the future. In addition, Wanhua Chemical is also building two industrial parks in Fujian and Sichuan. In March of this year, Wanhua Chemical and Fujian Petrochemical Group formed a joint venture company Wanhua Fujian, with the intention of establishing a new chemical production base in the southeast of China. According to the semi-annual report, Wanhua Chemical invested 100 million yuan in the acquisition of Yantai Zhuoneng Lithium Battery Co., Ltd. in April this year.