Wanhua Chemical Group (600309) H1 2026 earnings summary

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.