Wanhua Chemical's semi-annual revenue was 97.1 billion yuan, a year-on-year increase of 10.77%

On August 13, Wanhua Chemical released its 2024 interim report. The company achieved a total operating revenue of 97.067 billion yuan, a year-on-year increase of 10.77%; net profit attributable to the parent was 8.174 billion yuan, a year-on-year decrease of 4.60%; net profit attributable to the parent after deducting non-recurring items was 8.099 billion yuan, a year-on-year decrease of 2.54%; net cash flow generated by operating activities was 10.291 billion yuan, a year-on-year decrease of 8.29%.

Specifically, the operating cost on the cost side was 81.135 billion yuan, a year-on-year increase of 10.78%, and the cost of expenses was 5.862 billion yuan, a year-on-year increase of 23.41%. After deducting operating costs and various expenses from the total operating income, the net profit attributable to the parent was 8.174 billion yuan, a year-on-year decrease of 4.60%.

Based on the company's operating conditions in the first half of the year, Wanhua Chemical announced that it will implement a semi-annual profit distribution plan, with a cash dividend of RMB 0.52 per share (including tax). The company plans to pay a cash dividend of RMB 5.20 per 10 shares to all shareholders based on the total share capital of 3.14 billion shares as of June 30, 2024, with a total profit distribution of RMB 1.633 billion.