Guangzhou (JLC), August 13, 2025--Wanhua Chemical Group's net profit attributable to its shareholders slumped by 25.1% year on year in the first half (H1) of 2025, according to the company's semi-annual report released on August 12.
Wanhua Chemical's net profit came in at CNY6.12 billion in H1, down from CNY8.17 billion in the same period of time last year.
The decline was mainly attributed to lower prices of petrochemical products.
Meanwhile, the company's revenue settled at CNY90.90 billion, a drop of 6.35% year on year, data from the report shows.
Specifically, sales revenue from polyurethane products reached CNY36.89 billion in the period, that from petrochemical products amounted to CNY34.93 billion, and that from fine chemicals and new materials products totaled CNY15.63 billion.
In the first six months, the company produced and sold 2.98 million mt and 3.03 million mt of polyurethane products. At the same time, it produced and sold 2.95 million mt and 2.85 million mt of petrochemical products. As for fine chemicals and new materials products, the output and sales stood at 1.24 million mt and 1.19 million mt, respectively.
Wanhua Chemical started commissioning a 1.2 million mt/yr ethylene plant in early April and brought its 1.0 million mt/yr unit offline for technical renovation in late May.
