Click to view now! Latest financial reports of the world’s top 50 chemical industry giants have been released.

Rongsheng Petrochemical reported Q3 revenue of RMB 77.491 billion, up 72.43% year-on-year; net profit attributable to shareholders was RMB 83.999 million, down 97.64% year-on-year. For the first three quarters, revenue totaled RMB 225.118 billion, up 74.03% year-on-year; net profit attributable to shareholders amounted to RMB 5.451 billion, down 46.15% year-on-year. Hengli Petrochemical reported Q3 revenue of RMB 51.202 billion, up 9.14% year-on-year; cumulative revenue for the first three quarters reached RMB 170.357 billion, up 12.46% year-on-year. Net profit attributable to shareholders for the first three quarters was RMB 6.087 billion, down 52.12% year-on-year, including a Q3 net loss of RMB 1.939 billion. China National Chemical Corporation (CNCEC) reported Q3 revenue of RMB 45.255 billion, up 32.8% year-on-year; net profit attributable to shareholders was RMB 1.071 billion, up 10.9% year-on-year. For the first three quarters, revenue totaled RMB 120.053 billion, up 33.4% year-on-year; net profit attributable to shareholders amounted to RMB 3.720 billion, up 28.4% year-on-year. Hengyi Petrochemical reported Q3 revenue of RMB 43.512 billion, up 20.77% year-on-year; net profit attributable to shareholders was -RMB 496 million, down 159.91% year-on-year. Revenue for the first three quarters totaled RMB 123.316 billion, up 26.93% year-on-year; net profit attributable to shareholders amounted to RMB 1.317 billion, down 56.7% year-on-year. Wanhua Chemical reported Q3 revenue of RMB 41.302 billion, up 4.14% year-on-year; net profit was RMB 3.225 billion, down 46.35% year-on-year. Revenue for the first three quarters totaled RMB 130.420 billion, up 21.53% year-on-year; net profit amounted to RMB 13.608 billion, down 30.36% year-on-year. Sinochem International reported Q3 revenue of RMB 21.5 billion, up 10.56% year-on-year; net profit was RMB 315 million, up 21% year-on-year. Revenue for the first three quarters totaled RMB 65.939 billion, up 12.83% year-on-year; net profit amounted to RMB 1.29 billion, down 46.36% year-on-year. Yunnan Yuntianhua reported Q3 operating revenue of RMB 19.836 billion, up 18.77% year-on-year; net profit attributable to shareholders was RMB 1.665 billion, up 31.24% year-on-year. Operating revenue for the first three quarters totaled RMB 56.459 billion, up 18.53% year-on-year; net profit attributable to shareholders amounted to RMB 5.130 billion, up 80.63% year-on-year. Oriental Shenghong reported Q3 revenue of RMB 16.466 billion, up 17.14% year-on-year; net profit attributable to shareholders was a loss of RMB 58.7978 million. Revenue for the first three quarters totaled RMB 46.708 billion, up 16.17% year-on-year; net profit attributable to shareholders amounted to RMB 1.577 billion, down 59.99% year-on-year. Tongkun Group reported Q3 revenue of RMB 17.337 billion, down 14.01% year-on-year; net profit attributable to shareholders was -RMB 366 million. Revenue for the first three quarters totaled RMB 47.189 billion, down 6.27% year-on-year; net profit attributable to shareholders amounted to RMB 1.935 billion, down 68.59% year-on-year.

Net profit doubled, surged dramatically, and approached RMB 10 billion! Chemical industry giants collectively rebounded—here’s a roundup of second-quarter financial results from global plastics and petrochemical companies.

From late July to early August, the global chemical industry entered a period of intensive disclosure of Q2 2026 financial results. From North America to Europe, and from the Middle East to Asia, multiple plastics and chemical industry giants posted strong results: Dow’s net sales rose 20% year-on-year; BASF ended 14 consecutive quarters of declining revenue; Wanhua Chemical’s first-half net profit is projected to increase by over 60%. Yet, beneath these headline figures, the drivers behind this recovery are not uniform. Some companies benefited from price hikes, others from one-time gains from asset disposals, and still others from new capacity ramp-ups and increased sales of advanced materials. Below is a regional review of the latest performance. North America: Dow rebounds strongly; Eastman sees both volume and price growth 1. Dow Inc. Q2 net sales: USD 12.1 billion, up 20% year-on-year. According to its earnings release on July 27, all of Dow’s operating segments and regions posted growth in Q2, with local prices rising 20% year-on-year—driven primarily by its Packaging & Specialty Plastics segment—and polyethylene prices increasing across all regions. Profit recovery was even more pronounced: GAAP net income stood at USD 802 million; operating EPS was USD 1.44, compared to an EPS loss of USD 0.42 in the prior-year quarter. Operating EBIT totaled USD 1.6 billion, up USD 1.7 billion year-on-year. Dow attributed this improvement to higher pricing and internally driven operational enhancements. Notably, operating EPS excluded a USD 0.45-per-share charge related to major items—including costs associated with the ‘Transform to Outperform’ initiative. This transformation program remains underway, and its progress will directly influence performance in the second half of the year. 2. Eastman Chemical Company Q2 sales revenue: USD 2.513 billion, up 10% year-on-year. Eastman released its Q2 results on August 3, delivering a solid performance marked by growth in both volume/product mix and pricing—each contributing 5% and 4%, respectively, to overall revenue growth. On the profitability front, EBIT was USD 311 million; adjusted EBIT was USD 320 million; adjusted diluted EPS was USD 1.97. Net cash provided by operating activities amounted to USD 224 million. In 2025, Eastman had cut nearly 1,000 jobs amid mounting profitability pressure. Its back-to-back quarterly revenue increases signal improving market conditions for its specialty materials businesses—including advanced intermediates, specialty plastics, and fiber products. 3. LyondellBasell LyondellBasell—one of the world’s largest polyolefin producers—released its Q2 results on July 31. Q2 net income reached USD 559 million, versus only USD 115 million in the same period last year. The company had faced a difficult 2025: it posted an adjusted net loss of USD 79 million in Q4, and announced dividend cuts in Q1 2026. Among the identified items affecting Q2 GAAP net income was a pre-tax disposal loss of USD 734 million arising from the sale of certain European assets—the primary one-time factor impacting GAAP net income. The company stated that the divestiture aims to structurally improve cost efficiency and align its European footprint with long-term strategic objectives. Additionally, the company continues to advance its first-half free cash flow and cash improvement initiatives, with capital expenditures running below the prior-year level.

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