Heavyweight: 2019 Basic Chemical Industry's 30 most profitable listed companies ranked! Wanhua topped the list.

Recently, the major listed companies have been released in 2019 performance. Up to now, 325 listed companies in the basic chemical industry in Shanghai and Shenzhen have published their 2019 earnings reports or earnings forecasts and performance reports. According to statistics, a number of listed companies in the basic chemical industry announced a total net profit of 51.364 billion yuan

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Wanhua Chemical had the highest profit in 2019, ranking first, with a net profit of 10.13 billion yuan last year, Hengli Petrochemical was second with a net profit of 10.025 billion yuan, and Zhejiang Longsheng ranked third with a net profit of 5,023 million yuan. In addition, Hengyi Petrochemical, Yankun shares, Long Yuli, Junzheng Group, Hualu Hengsheng, Rongsheng Petrochemical, China Stone net profit ranked 4-10th.
▶ The following are the top 30 rankings of net profit of listed companies in the basic chemical industry in 2019:
Yantai Wanhua
On March 31, the Company released its 2019 annual report, achieving revenue of RMB68,051 million, down 6.57% YoY; Net cash flow from operating activities was RMB25,933 million, up 13.36% YoY, ROE was 25.44%, down 11.38 percentage points YoY, and dividends per 10 shares were RMB13 (including tax), accounting for 40.30% of net profit attributable to the parent company. Among them, Q4 realized operating income of RMB19,511 million, net profit attributable to the parent company of RMB2,231 million, net cash flow from operating activities of RMB12,811 million, and ROE of 5.39%.
past three years, Wanhua Chemical's net profit has remained at 10 billion yuan. But with the end of the chemical industry boom cycle, the company's profitability has fallen sharply in 2019. Wanhua Chemical was able to maintain a 25.44 percent decline in profits.
chemical polyurethane plate includes MDI and TDI and other varieties. Wanhua Chemical is currently the world's largest manufacturer of MDI, this product is mainly used in the production of polyurethane materials, can be used in automotive, home appliances and other industries. In the domestic MDI market, Wanhua Chemical's market share exceeds 40%.
2019, low prices for chemical products such as MDI led to an 18% drop in wanhua's chemical polyurethane sector and a 9 percentage point reduction in gross margin, which was a major factor in the company's decline in earnings.
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