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% year-on-year; net profit attributable to shareholders amounted to RMB 108 million, down 98.03% year-on-year. Hengli Petrochemical reported Q3 revenue of RMB 63.683 billion, up 24.38% year-on-year; net profit attributable to shareholders was 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 totaled RMB 173.112 billion, up 1.62% year-on-year; net profit attributable to shareholders was RMB 5.701 billion, down 6.34% year-on-year. Wanhua Chemical reported Q3 revenue of RMB 44.928 billion, up 8.78% year-on-year; net profit was RMB 4.135 billion, up 28.21% year-on-year. Revenue for the first three quarters totaled RMB 132.554 billion, up 1.64% year-on-year; net profit attributable to shareholders was RMB 12.703 billion, down 6.65% year-on-year. China National Chemical Corporation (CNCEC) reported Q3 revenue of RMB 40.106 billion, down 11.38% year-on-year; net profit attributable to shareholders was RMB 777 million, down 27.49% year-on-year. Hengyi Petrochemical reported Q3 revenue of RMB 37.213 billion, down 14.48% year-on-year; net profit attributable to shareholders was RMB 130 million, up 126.25% year-on-year. Revenue for the first three quarters totaled approximately RMB 101.529 billion, down 17.67% year-on-year; net profit attributable to shareholders was approximately RMB 206 million, down 84.34% year-on-year. Dongfang Shenghong reported Q3 revenue of RMB 37.743 billion, up 129.22% year-on-year; net profit attributable to parent company was RMB 798 million, soaring 1,457.58% year-on-year. Revenue for the first three quarters totaled approximately RMB 103.642 billion, up 121.89% year-on-year; net profit attributable to shareholders was approximately RMB 2.479 billion, up 57.15% year-on-year. Tongkun Group reported Q3 revenue of RMB 24.845 billion, up 43.30% year-on-year; 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% year-on-year; net profit attributable to shareholders was approximately RMB 904 million, down 53.23% year-on-year. Yuntianhua reported Q3 revenue of RMB 18.084 billion, down 8.83% year-on-year; net profit was RMB 1.027 billion, down 27.80% year-on-year. Revenue for the first three quarters totaled RMB 53.303 billion, down 5.59% year-on-year; net profit attributable to shareholders was RMB 3.704 billion, down 27.80% year-on-year. Xinfengming reported Q3 revenue of RMB 16.017 billion, up 12.57% year-on-year; net profit attributable to shareholders was RMB 407 million, turning from loss to profit.

PPG, Sherwin-Williams, Axalta, and RPM Named to the “2025 Most Responsible Companies in America” List

• 45% of process waste is reused, recycled, or repurposed; • Water intensity reduced by 13% in key water-scarce regions; • Scope 1 and Scope 2 greenhouse gas (GHG) emissions reduced by 10%; • Scope 3 GHG emissions reduced by 12%, including Categories 1, 10, and 12**; • 97% of key suppliers underwent assessment against sustainability and social responsibility standards. Notes: ** Category 1: Purchased goods and services—including raw materials and packaging produced by PPG; Category 10: Customer processing of sold products; Category 12: End-of-life treatment of sold products. According to the ranking, Sherwin-Williams ranked 125th overall and 10th within the Materials & Chemicals industry category. As a globally leading paint manufacturer, Sherwin-Williams’ notable progress in sustainability cannot be overlooked. Since its founding, the company has consistently prioritized technological innovation as its driving force and green environmental protection as its core philosophy, dedicated to delivering high-quality coating products and professional finishing solutions to customers. Through differentiated solutions, Sherwin-Williams helps customers enhance productivity and profitability. Heidi G. Petz, President and CEO of Sherwin-Williams, stated that, even amid continued macroeconomic headwinds, the company will keep outperforming the market through strategic investments in growth and efficiency. In recent years, Sherwin-Williams has achieved steady growth through continuous technological innovation, a robust sustainability strategy, and global market expansion. Its performance has been especially strong amid rising demand for green building and eco-friendly coatings. Financial results show that Sherwin-Williams achieved net sales of USD 17.8013 billion in the first three quarters of 2024—essentially flat year-on-year—while net income reached USD 2.2013 billion, up 8.3% year-on-year. Sherwin-Williams recently projected full-year 2024 sales to be flat to low-single-digit percent higher than 2023, with diluted net earnings per share guidance of USD 10.30–10.60. The company also affirmed its ongoing commitment to delivering high-quality products and services while managing internal factors to ensure sustainable growth. Axalta ranked 404th overall and 31st within the Materials & Chemicals industry category. With the continuous development of the new-energy vehicle (NEV) industry—and under the guidance of its sustainability strategy—market demand for insulation materials used in NEV motors has grown increasingly stringent. As one of the earliest industry players to enter the NEV sector, Axalta closely aligns itself with key sustainability trends such as electric vehicles and renewable energy, and its energy solutions have evolved alongside the industry. To meet the booming NEV market, Axalta has developed tailored sustainable product lines—including the Voltatex® electrical insulation solution—which not only extend the service life and improve the efficiency of variable-frequency motors but also meet heightened environmental requirements, striving to minimize environmental impact. At Axalta, sustainability permeates every aspect of the business and is evaluated across environmental, social, and governance (ESG) dimensions: reducing the environmental footprint of operations; leveraging product advantages to help customers lower energy consumption and emissions during operation; maintaining safe operations; providing employees with career development opportunities; supporting local communities; acting ethically where the company operates; and complying fully with all applicable laws and regulations.

The Sherwin-Williams Company Reports 2026 Third Quarter Financial Results

21 hours ago

Sherwin-Williams reported 2026 Q3 consolidated net sales of $6.86 billion, up 7.9%. The company revised its full-year diluted net income per share guidance to $10.92–$11.22.

TradingView

2026-07-06

Sherwin-Williams Partners with Square for PRO+ Payment Solutions

2026-07-23

Sherwin-Williams Q2 Earnings Preview: Wall Street Insights on Key Metrics

2026-07-26

ETF Holdings in Sherwin-Williams Company Stock

2026-07-27

Sherwin-Williams faces earnings test as paint demand wavers

2026-07-30

Sherwin-Williams Automotive Refinish Sales Rise as Company Posts Higher Q2 Earnings