In 2021, Wanhua Chemical's three major businesses will develop together, and the net profit will break through 20 billion for the first time

[ Star Enterprise of Chemical Machinery and Equipment Network ] Recently, the annual performance forecast disclosure of major companies has gradually entered an intensive period
.
It is understood that among the A-share listed companies that have announced their annual reports, the net profit growth rate of the petrochemical industry ranks among the top
.
For example, companies such as PetroChina, Hesheng Silicon, Huachang Chemical, Yuntianhua, Xin'an Co.
, Ltd.
will double their net profits in 2021, and many companies in the petroleum and chemical sectors have achieved good results
.

 

On January 17, 2022, Wanhua Chemical Group Co.
, Ltd.
announced the 2021 performance pre-increase report.
It is expected that the net profit in 2021 will be 24 billion yuan to 25.
2 billion yuan, a year-on-year increase of 139% to 151%, and earnings per share will be 7.
64 yuan to 25.
2 billion yuan.
8.
03 yuan
.
Wanhua Chemical said that during the reporting period, the vaccination rate of major economies continued to increase, and the prices of chemical products increased
.
The company's MDI technical transformation, ethylene and other new production capacity, and new equipment were put into operation, and the volume and price of major products such as polyurethane, petrochemicals and fine chemicals increased
.

 

　　It is understood that Wanhua Chemical has maintained a net profit of more than 10 billion yuan for five consecutive years since 2017
.
In recent years, Wanhua Chemical has actively improved its industrial chain, deployed new materials, and achieved coordinated development of its three business segments
.
In 2021, the company's performance will grow steadily, and the net profit will exceed 20 billion yuan for the first time.
How does Wanhua Chemical achieve a simultaneous increase in volume and price?
 

　　Polyurethane section: technological transformation and expansion to promote the construction of main product projects
 

　　Wanhua Chemical's polyurethane business covers MDI, TDI, polyether polyol and other polyurethane industry clusters, among which MDI is the leading product in the polyurethane segment, with a production capacity of about 2.
6 million tons, accounting for nearly 30% of the global market share
.
In February 2021, Wanhua Chemical completed the 1.
1 million tons/year technical transformation and expansion of Yantai MDI plant, increasing the annual production capacity from 600,000 tons to 1.
1 million tons, effectively ensuring market supply
.
In addition, its 400,000-ton/year MDI project in Fujian has started construction in August 2021 and is expected to be put into operation in 2023
.
After the expansion of capacity is implemented, the proportion of the company's global MDI production capacity is expected to climb from 27% to 37%, and the industry pattern of "one superpower, many strong" will continue to strengthen
.

 

　　Petrochemical sector: capacity release brings new profit growth points
 

　　Since the million-ton ethylene project of Wanhua Chemical was put into operation in November 2020, the start-up load has gradually increased.
In 2021, it is basically in a high-load state, and the production and sales of petrochemical products have increased year-on-year
.
From a price point of view, according to wind statistics, the average market price of polypropylene in 2021 will be 8,685.
82 yuan/ton (+11.
94% year-on-year);
.
The main products of Wanhua's petrochemical sector are still in a relatively high boom cycle, and they have strong market competitiveness in the field of fine chemicals
.

 

　　New Materials: Batteries and Degradable Materials Business Drive Long-Term Growth
 

　　At present, Wanhua Chemical has deployed biodegradable materials business in advance, covering mainstream PBAT, PLA, PBS resins, and the terminals can be applied to biodegradable shopping bags, disposable tableware, household daily necessities and other fields
.
In recent years, Wanhua Chemical has made frequent moves, successively deploying propylene oxide projects with an annual output of 400,000 tons, and maleic anhydride projects with an annual output of 200,000 tons
.
On December 27, 2021, Wanhua Chemical (Yantai) Fine Chemicals Co.
, Ltd.
was established, 100% controlled by Wanhua Chemical.
Its business scope includes sales of new catalytic materials and additives, bio-based material manufacturing, and bio-based material sales
.

 

　　In addition, Wanhua Chemical is also actively deploying the lithium battery material industry
.
In April 2021, Wanhua Chemical officially incorporated 100% of the equity of Zhuoneng lithium battery into the bag, and disclosed the publicity of the environmental impact assessment of the lithium-ion battery research and development pilot project
.
A few days ago, its Sichuan Meishan base with an annual output of 50,000 tons of lithium iron phosphate lithium battery cathode material project also officially started
.
The total investment of the project is 1.
5 billion yuan, and the construction period is from 2022 to 2023.
After the project reaches production, it is expected to achieve an annual output value of more than 5 billion yuan
.

 

　　On the whole, the stable development of the polyurethane segment under the new production capacity, as well as the rise in volume and price of petrochemicals, fine chemicals and other products have become the main reasons for the substantial growth of Wanhua Chemical's annual performance in 2021
.
The coordinated development of new energy and degradable materials is an inexhaustible new driving force for the company's growth
.

 

　　Note: This article is organized and released by the Plastic Machinery Network ( and the data comes from: Wanhua Chemical, Huizheng Information, Sino-foreign Coatings Network
 

　　Original title: Wanhua Chemical's three major businesses in 2021 will make concerted efforts, and net profit will break 20 billion for the first time