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Wanhua Chemical released its 2020 interim report.
From January to June 2020, the company achieved operating income of 30.
907 billion yuan, a year-on-year decrease of 2.
00%, and net profit attributable to shareholders of the parent company was 2.
835 billion yuan, a year-on-year decrease of 49.
56%
.
The company commented that the decline in product prices has dragged down the gross profit margin.
MDI and TDI have recently recovered from the bottom.
In the first half of 2020, the company sold 1.
2423 million tons of polyurethane series products, a year-on-year decrease of 5.
87%, and achieved operating income of 13.
419 billion yuan, a year-on-year decrease of 18.
59%.
The gross profit rate was only 34.
94 %, a 16-year low
.
Technology first to build a collaborative innovation platform, and continue to deploy fine chemicals and new materials.
The company has always been in the leading position in the domestic large chemical industry in terms of technological innovation.
In the first half of 2020, the research and development expenses were 885 million yuan, a year-on-year increase of 6.
30%
.
