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Wanhua Chemical Group (600309) investor relations material
Wanhua Chemical Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue rose 31.26% year-over-year to ¥119.32 billion, with net profit attributable to shareholders up 64.35% to ¥10.06 billion.
All major business segments—polyurethane, petrochemicals, and specialty chemicals—achieved growth despite global supply chain disruptions and raw material price increases.
The company maintained robust supply chain resilience and global competitiveness, leveraging technological innovation and operational efficiency.
A cash dividend of ¥8.10 per 10 shares (pre-tax) is proposed, totaling ¥2.54 billion.
Financial highlights
Operating income: ¥119.32 billion, up 31.26% year-over-year.
Net profit attributable to shareholders: ¥10.06 billion, up 64.35% year-over-year.
Operating cash flow: ¥11.78 billion, up 11.93% year-over-year.
Basic and diluted EPS: ¥3.21, up 64.62% year-over-year.
Gross margin improved due to higher product prices and sales volumes.
Outlook and guidance
The company expects continued growth in new energy and storage materials, with ongoing expansion in battery materials and high-end polyolefins.
Risks from geopolitical tensions, raw material price volatility, and organizational complexity are being actively managed.
- Q1 2026 saw double-digit revenue and profit growth, with strong cash flow and higher margins.600309
Q1 2026 - Revenue up 11.62% to ¥203.23B, net profit down 3.88% to ¥12.53B, strong cash flow.600309
H2 2025 - Net profit dropped 17.45% year-over-year as lower prices squeezed margins despite global expansion.600309
Q3 2025 - Revenue and profit fell, but cash flow and innovation remained strong amid industry headwinds.600309
H1 2025 - Revenue up 11.35% but net profit down 12.67% amid cost pressures and price declines.600309
Q3 2024 - Revenue up 10.77% but net profit down 4.60% year-over-year; dividend declared.600309
H1 2024 - Net profit fell 25.9% on lower prices, despite higher sales and new capacity.600309
Q1 2025
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