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Net profit doubled in the fourth quarter of last year, and the market value of Wanhua Chemical exceeded 300 billion

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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Wanhua Chemical's net profit increased significantly in the fourth quarter of last year, its stock price also hit a record high, and its market value stood at the 300 billion yuan mark

After the market closed on January 6, Wanhua Chemical disclosed a performance forecast saying that as downstream demand in the global chemical industry improved at the end of the third quarter, demand in some regions grew rapidly, and sales of its main products increased and sales prices rose

In the fourth quarter of last year, Wanhua Chemical's net profit attributable to shareholders of listed companies is expected to increase by 91%-113% year-on-year
.

Wanhua Chemical also disclosed that, according to preliminary calculations by the financial department, its net profit for the year 2020 is expected to be 9.

According to the financial data previously released by Wanhua Chemical, in the fourth quarter of 2019, its net profit was 2.

As of the close on January 6, Wanhua Chemical's share price reached a new high, closing at 98.

Since March last year, the share price of Wanhua Chemical has been fluctuating higher
.

Wanhua Chemical is currently the world's largest MDI producer with an annual production capacity of 2.

MDI includes two major categories of polymerized MDI and pure MDI.

Both polymerized MDI and pure MDI are the leading products of Wanhua Chemical's polyurethane segment
.

Since August 2020, Wanhua Chemical has raised the listing price of MDI for four consecutive months, and the current price has risen by nearly 80% from the low point of the year
.

As of December 2020, the listing price of Wanhua Chemical's polymeric MDI in the domestic distribution and direct sales markets has reached 25,000 yuan per ton, and the listing price of pure MDI is 28,000 yuan per ton
.

Benefiting from the continued rise in MDI prices, Wanhua Chemical's performance in the third quarter of last year has improved significantly
.
According to the financial report, the company's revenue in the third quarter was 18.
3 billion yuan, an increase of 17% from the second quarter; net profit was 2.
5 billion yuan, an increase of 72% from the second quarter
.

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