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Affected by the market in 2020, Wanhua Chemical's annual net profit may be basically the same as the previous year

 Last Update: 2021-11-28
 Source: Internet
 Author: User

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Chemical machinery and equipment network star enterprise chemical machinery and equipment

Wanhua Chemical Group Co.
, Ltd.
is mainly engaged in polyurethane (MDI, TDI, polyether polyol), propylene and its downstream acrylic acid, propylene oxide and other series of petrochemical products, SAP, TPU, PC, PMMA, organic amine, ADI, water-based coatings R&D, production and sales of fine chemicals and new materials.
Among them, MDI and TDI are one of the main raw materials for the preparation of polyurethane.
Polyurethane has the dual advantages of rubber and plastic and is widely used in chemical, light industry, textile, construction, home appliances, building materials, transportation, aerospace and other fields.

According to the forecast, during the period from January 1, 2020 to December 31, 2020, after preliminary calculations by the financial department, it is estimated that the net profit attributable to shareholders of listed companies will be between 9.
6 billion yuan and 10.
1 billion yuan in 2020.
Compared with the same period last year, it will be reduced by 530 million yuan to basically the same level, and 5% year-on-year to basically the same.
Among them, earnings per share are 3.
06 yuan to 3.
22 yuan.

It is understood that in 2019, Wanhua Chemical’s net profit attributable to shareholders of listed companies was 10.
130 billion yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 9.
156 billion yuan, and earnings per share were 3.
23 yuan.

The main reason for the changes in the performance of the current period is that the company achieved a net profit of 5.
349 billion yuan attributable to shareholders of listed companies in the first three quarters of 2020, a year-on-year decrease of 32.
28%.
In the first half of 2020, affected by factors such as the epidemic and the sharp drop in crude oil prices, the chemical industry is operating in a weak state.
The sales volume of the company's products has fallen, and the prices of its main products have fallen.
Although the company actively adopts corresponding strategies, actively adjusts domestic and overseas market strategies, maintains the share of core customers, and taps and covers potential industry customers, the profitability of products is still greatly affected.

However, at the end of the third quarter, with the rapid improvement of downstream demand in the chemical industry and rapid growth in demand in some areas, the company's main product sales increased and sales prices increased.
The net profit attributable to shareholders of listed companies in the fourth quarter is expected to increase by 91% to 113% year-on-year.

Original title: In 2020, affected by the market, Wanhua Chemical’s annual net profit may be basically the same as the previous year

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