echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Resin News > Wanhua Chemical achieved a total operating income of 60.62 billion yuan in 2018

    Wanhua Chemical achieved a total operating income of 60.62 billion yuan in 2018

    • Last Update: 2020-11-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    On April 23, 2019, Wanhua Chemical disclosed its annual report that it achieved total operating income of 60.62 billion yuan in 2018, up 14.1% YoY, and net income attributable to the owners of the parent company of 10.61 billion yuan, down 4.7% YoY, and earnings per share of 3.88 yuan. During the reporting period, the company's gross margin was 33.8%, down 5.9 percentage points from the previous year, and its net profit margin was 21.2%, down 3.9 percentage points from the previous year.
    company's expense rate for 2018 was 8.5%, little changed from last year
    china
    . Total expenses for the period amounted to $5.13 billion, an increase of 17.1% YoY. Sales expenses were 1.72 billion, up 21.5% YoY, management expenses were 1 billion, up 25.8% YoY, financial expenses were 800 million, down 14.5% YoY, and research and development expenses were 1.61 billion, up 30% YoY. The company's research and development investment increased significantly, up 30% from the same period last year to 1.61 billion yuan. The total cost of research and development investment is not capitalized.
    business structure, "polyurethane series", "petrochemical series" is the main source of business revenue. Specifically, the "Polyurethane Series" generated revenue of $30.95 billion and revenue of 51.7%. "Petrochemical Series" operating income of 18.91 billion, revenue accounted for 31.6%. "Fine Chemicals and New Materials Series" revenue of 5.7 billion, revenue accounted for 9.5%.
    profit contribution, the "polyurethane series" gross margin contribution is the largest. During the reporting period, the overall gross margin of enterprises was 33.8%, down 5.9 percentage points year-on-year. Among them, "polyurethane series", "petrochemical series", "fine chemicals and new materials series" gross margin contribution ratio of 76.1%, 9.2%, 8.7%, "polyurethane series" contributed a larger margin. The gross margins of polyurethane series, petrochemical series, fine chemicals and new materials series are 50.3%, 10% and 31.3%, respectively.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.