Zhongzhi Weiye Information | Q3 Financial Results of the World’s Top 50 Chemical Companies Released!

Recently, major chemical enterprises—including BASF, Dow, SABIC, Hengli, and Wanhua—have successively released their third-quarter 2023 financial reports. Data show that, amid persistently weak global demand, large chemical companies continue to face severe operational challenges. Asia Rongsheng Petrochemical reported Q3 revenue of RMB 84.522 billion, up 9.07% year-on-year; net profit attributable to shareholders was RMB 1.234 billion, surging 1,367% year-on-year. For the first three quarters, revenue totaled RMB 239.047 billion (up 6.19% YoY), while net profit attributable to shareholders amounted to RMB 108 million—a sharp 98.03% decline YoY. Hengli Petrochemical posted Q3 revenue of RMB 63.683 billion, up 24.38% YoY; net profit attributable to shareholders reached RMB 2.652 billion, compared to a net loss of RMB 1.939 billion in the same period last year. Revenue for the first three quarters stood at RMB 173.112 billion (up 1.62% YoY); net profit attributable to shareholders was RMB 5.701 billion, down 6.34% YoY. Wanhua Chemical recorded Q3 revenue of RMB 44.928 billion, up 8.78% YoY; net profit reached RMB 4.135 billion, up 28.21% YoY. For the first three quarters, revenue totaled RMB 132.554 billion (up 1.64% YoY), while net profit attributable to shareholders was RMB 12.703 billion—a 6.65% decline YoY. China National Chemical Corporation (CNCC) reported Q3 revenue of RMB 40.106 billion, down 11.38% YoY; net profit attributable to shareholders was RMB 777 million, down 27.49% YoY. Hengyi Petrochemical posted Q3 revenue of RMB 37.213 billion, down 14.48% YoY; net profit attributable to shareholders was RMB 130 million, up 126.25% YoY. Revenue for the first three quarters totaled approximately RMB 101.529 billion (down 17.67% YoY); net profit attributable to shareholders was approximately RMB 206 million—a 84.34% decline YoY. Dongfang Shenghong reported Q3 revenue of RMB 37.743 billion, up 129.22% YoY; net profit attributable to parent company was RMB 798 million, soaring 1,457.58% YoY. Revenue for the first three quarters totaled approximately RMB 103.642 billion (up 121.89% YoY); net profit attributable to shareholders was approximately RMB 2.479 billion, up 57.15% YoY. Tongkun Group reported Q3 revenue of RMB 24.845 billion, up 43.30% YoY; net profit attributable to shareholders was RMB 798 million—turning from loss to profit. Revenue for the first three quarters totaled approximately RMB 61.742 billion (up 30.84% YoY); net profit attributable to shareholders was approximately RMB 904 million—a 53.23% decline YoY. Yuntianhua reported Q3 revenue of RMB 18.084 billion, down 8.83% YoY; net profit was RMB 1.027 billion, down 27.80% YoY. Revenue for the first three quarters totaled RMB 53.303 billion (down 5.59% YoY); net profit attributable to shareholders was RMB 3.704 billion—a 27.80% decline YoY. Xinfengming reported Q3 revenue of RMB 16.017 billion, up 12.57% YoY; net profit attributable to shareholders was RMB 407 million—turning from loss to profit.

Sherwin-Williams’ Strategy of Defense and Offense: Defending Its Position Among the World’s Top 10 Automotive Coatings Brands—and Breaking Into the New Global Top 10 OEM Automotive Coatings Brands

On the global stage of the coatings industry, the spotlight once again falls on Sherwin-Williams—the U.S.-based giant—as the year 2026 approaches. According to the latest '2026 Global Top 10 Automotive Coatings Brands Ranking' released by TuJie (Tujie), a professional financial media outlet specializing in China’s coatings industry (Note: Click here to view the full ranking), Sherwin-Williams secured seventh place with automotive coatings sales of USD 1.34 billion and a global market share of 5.23%. This marks Sherwin-Williams’ eighth consecutive year on this authoritative list—widely regarded within the industry as a ‘barometer’—with its ranking unchanged. Yet beneath this seemingly stable surface lies a profound transformation unfolding across the global automotive coatings landscape. Sherwin-Williams achieved this result amid an exceptionally volatile market environment. The ranking data reveal that although cumulative sales among the Top 10 brands rose by USD 1.087 billion year-on-year, their combined global market share dipped slightly by 0.61 percentage points—to 77.08%. This paradoxical combination of growth in absolute sales yet contraction in relative share sends a clear signal: the expansion pace of industry leaders is no longer keeping up with the overall market’s growth rate. Second-tier players and regional local brands are quietly gaining ground, capturing a growing share of new market增量—signaling the first visible crack in the long-standing oligopolistic structure of the global automotive coatings market. Sherwin-Williams’ ability to hold its position amid such dynamic competition itself testifies to the resilience of its corporate system. Sherwin-Williams’ strength rests on its 160-year legacy. Starting in Cleveland, Ohio, it has grown into a global coatings empire employing over 64,000 people across more than 120 countries—and has ranked #1 worldwide in coatings volume for seven consecutive years. Within the automotive coatings niche, Sherwin-Williams operates under its Performance Coatings Group, pursuing a ‘dual-engine’ strategy: one pillar is its dominant automotive refinish business, which generated approximately USD 1.02 billion in 2025—accounting for roughly 15% of the group’s total sales; the other is its rapidly emerging OEM automotive coatings business, covering original-equipment interior coatings, battery coatings for new-energy vehicles, and coatings for transportation vehicles. It is precisely this combination of deep-rooted strength in refinish and strategic investment in OEM that forms the foundation of Sherwin-Williams’ total automotive coatings revenue of USD 1.34 billion. Of particular note, Sherwin-Williams made its debut on TuJie’s concurrently released '2026 Global Top 10 OEM Automotive Coatings Brands Ranking', securing ninth place with OEM automotive coatings sales of USD 320 million. This ‘first-time’ appearance carries extraordinary significance. It signals that Sherwin-Williams is no longer content to rest on its traditional leadership in the refinish segment—but is instead proactively penetrating the core front-end manufacturing segment of the automotive value chain with forward-looking vision.

Sherwin-Williams Q3 2026 Revenue Beats Expectations

1 day ago

Sherwin-Williams reported Q3 2026 revenue of $6.86 billion, up 7.9% year-on-year, beating analyst estimates despite slightly missing profit targets. The company maintained an operating margin of 17.6% and reiterated full-year adjusted EPS guidance.

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Sherwin-Williams (SHW) Q1 2026 Earnings Transcript