Wanhua Chemical¡¯s Annual Operating Revenue Exceeds 200 Billion Yuan for the First Time
2026-3-18
On the evening of March 16, Wanhua Chemical released its 2025 annual earnings report. The announcement showed that the company¡¯s annual operating revenue reached 203.235 billlion yuan, exceeding 200 billion yuan for the first time, representing a year-on-year increase of 11.62%. Net profit attributable to shareholders of the listed company was 12.527 billion yuan, down 3.88% year-on-year.
Financial data indicated that by the end of 2025, Wanhua Chemical¡¯s total assets stood at 323.011 billion yuan, up 10.12% from the beginning of the year. Equity attributable to shareholders of the listed company was 108.305 billion yuan, an increase of 14.46% compared with the start of the year.
In early 2026, Liao Zengtai, President of Wanhua Chemical, stated at the Economic Work Conference of the Huangbohai New Area in Yantai that Wanhua Chemical would transform and upgrade from ¡°chemical industry¡± to ¡°chemical industry + new energy¡± to contribute to high-quality development.
In 2025, Wanhua Chemical Group continued to expand its path of high-quality development. In April 2025, Phase II of the 1.2 million-tonne-per-year ethylene project at the Yantai Industrial Park was put into operation as scheduled. The raw material diversification upgrade of Phase I ethylene was completed in seven months, with qualified products produced on January 6 2026, greatly enhancing the competitiveness of Wanhua¡¯s ethylene business. A Sino-foreign joint venture in the C3 industrial chain was successfully launched. Several self-developed high-end fine chemical plants, including LPE and MS, were completed and put into production, and substantial breakthroughs were achieved in the battery materials sector. Meanwhile, Wanhua was awarded the China Quality Award, becoming the third enterprise in Shandong Province to receive this honor after Haier and Weichai, and the only winner in the chemical industry to date.
Liao Zengtai noted that 2026 marks the start of the 15th Five-Year Plan period and a critical year for Wanhua¡¯s transformation from a ¡°chemical enterprise¡± to a ¡°chemical + new energy company¡±. The company will further consolidate its chemical industry foundation, enhance comprehensive competitiveness, and expand its leading advantages. It will continue to promote the upgrading of polyurethane technologies and actively develop downstream applications such as polyurethane roads, aldehyde-free boards, and building energy efficiency. Wanhua will also push for renewed cooperation with foreign oil companies in its ethylene business, accelerate the construction of 18 new high-value-added projects (including vanillin and guaiacol) and more than 50 technical renovation projects (such as nylon 12, POE, and PC) at the Yantai Industrial Park to form new productive capacity as soon as possible.
Wanhua Chemical will focus on achieving new leaps in battery materials. Leveraging its strong technological innovation, project management, and advanced manufacturing capabilities, as well as its talent, brand, and capital advantages, and supported by wind, solar, and mineral resources, the company will build an unassailable competitive advantage featuring high-end, integrated, large-scale, green, global, and low-cost operations. Wanhua aims to become the ¡°Chief Innovation Officer¡± and global industry leader in battery materials and realize the grand goal of building ¡°a new Wanhua¡± at an early date.
Financial data indicated that by the end of 2025, Wanhua Chemical¡¯s total assets stood at 323.011 billion yuan, up 10.12% from the beginning of the year. Equity attributable to shareholders of the listed company was 108.305 billion yuan, an increase of 14.46% compared with the start of the year.
In early 2026, Liao Zengtai, President of Wanhua Chemical, stated at the Economic Work Conference of the Huangbohai New Area in Yantai that Wanhua Chemical would transform and upgrade from ¡°chemical industry¡± to ¡°chemical industry + new energy¡± to contribute to high-quality development.
In 2025, Wanhua Chemical Group continued to expand its path of high-quality development. In April 2025, Phase II of the 1.2 million-tonne-per-year ethylene project at the Yantai Industrial Park was put into operation as scheduled. The raw material diversification upgrade of Phase I ethylene was completed in seven months, with qualified products produced on January 6 2026, greatly enhancing the competitiveness of Wanhua¡¯s ethylene business. A Sino-foreign joint venture in the C3 industrial chain was successfully launched. Several self-developed high-end fine chemical plants, including LPE and MS, were completed and put into production, and substantial breakthroughs were achieved in the battery materials sector. Meanwhile, Wanhua was awarded the China Quality Award, becoming the third enterprise in Shandong Province to receive this honor after Haier and Weichai, and the only winner in the chemical industry to date.
Liao Zengtai noted that 2026 marks the start of the 15th Five-Year Plan period and a critical year for Wanhua¡¯s transformation from a ¡°chemical enterprise¡± to a ¡°chemical + new energy company¡±. The company will further consolidate its chemical industry foundation, enhance comprehensive competitiveness, and expand its leading advantages. It will continue to promote the upgrading of polyurethane technologies and actively develop downstream applications such as polyurethane roads, aldehyde-free boards, and building energy efficiency. Wanhua will also push for renewed cooperation with foreign oil companies in its ethylene business, accelerate the construction of 18 new high-value-added projects (including vanillin and guaiacol) and more than 50 technical renovation projects (such as nylon 12, POE, and PC) at the Yantai Industrial Park to form new productive capacity as soon as possible.
Wanhua Chemical will focus on achieving new leaps in battery materials. Leveraging its strong technological innovation, project management, and advanced manufacturing capabilities, as well as its talent, brand, and capital advantages, and supported by wind, solar, and mineral resources, the company will build an unassailable competitive advantage featuring high-end, integrated, large-scale, green, global, and low-cost operations. Wanhua aims to become the ¡°Chief Innovation Officer¡± and global industry leader in battery materials and realize the grand goal of building ¡°a new Wanhua¡± at an early date.