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On the evening of March 15, Wanhua Chemical released its 2020 annual report
.
Contributed nearly 50% of the profit in the fourth quarter of last year
Contributed nearly 50% of the profit in the fourth quarter of last yearWanhua Chemical focuses on the chemical field and has developed into a highly competitive supplier of polyurethane, petrochemicals, fine chemicals and new materials
.
Polyurethane business includes isocyanate and polyether polyol, among which bulk isocyanate is divided into two categories: MDI and TDI
.
The data shows that the company's polyurethane series products achieved operating income of 34.
4 billion yuan last year, with a gross profit margin of 43.
51%, an increase of 2.
17 percentage points over the previous year.
The reason for the increase is that the sales volume of polyurethane series products increased during the reporting period, and the unit cost decreased year-on-year.
.
In terms of splits, in the fourth quarter of last year, Wanhua Chemical's revenue and net profit reached 24.
2 billion yuan and 4.
7 billion yuan, contributing 32% and 47% of the total annual revenue and net profit respectively
.
It is reported that Wanhua MDI is the industry leader in production capacity and product quality.
Its advantages lie in the large scale of a single unit, low construction cost, high degree of integration, and global core competitiveness
.
In February this year, Wanhua Chemical completed the technical transformation and expansion of Yantai MDI plant capacity from 600,000 tons/year to 1.
1 million tons/year through technological transformation
.
Recently, Wanhua Chemical announced the listing price of MDI in China in March 2021.
The listing price of the aggregated MDI distribution market in China is 28,000 yuan/ton (up 7,500 yuan/ton from the previous month), and the listing price in the direct sales market is 28,000 yuan/ton (up 7,500 yuan from the previous month).
/ ton); pure MDI listing price 28,000 yuan / ton (up 4,000 yuan / ton from the previous month)
.
The carbon neutral trend brings new opportunities
The carbon neutral trend brings new opportunitiesCurrently, Wanhua Chemical's production bases in Ningbo, Yantai and Zhuhai are still expanding and optimizing, and the construction of the Fujian base and Meishan base has also started.
Overseas, the integrated supporting capabilities of European BC companies are gradually improving.
With the improvement of BC's upstream raw material supply capacity and the continuous extension of downstream industry chain capabilities, BC has become the base camp for the company to implement its internationalization strategy in the European region
.
Wanhua Chemical said that in order to cope with the increasingly frequent global trade frictions and the increasingly fierce competition environment, Wanhua will further improve the global supply chain management system, build an integrated management platform for global resources, and improve warehousing and logistics control in major global markets.
system
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Regarding carbon neutrality and carbon peaking, which are currently the most concerned by the market, the company's annual report also mentions: China will achieve the goal of "strive to peak carbon dioxide emissions by 2030, and strive to achieve carbon neutrality by 2060", and the energy consumption structure adjustment is the key to reducing carbon emissions in the future
.
The green and high-end development direction will create emerging opportunities for chemical companies in sub-sectors, and also provide opportunities for Wanhua to develop in new energy and green industries
.
Wanhua Chemical pointed out that the company will closely combine its own strategy and arrange necessary resources in the utilization of wind energy and light energy; certain achievements have been made in conquering the core technology of degradable plastics; In terms of products and other aspects, the company is also organizing scientific research forces to tackle key problems
.
In addition, Wanhua Chemical also pointed out that in the future, the company will take advantage of the existing industrial park ethylene industry chain to continue to increase investment in olefins and downstream industry chains, vigorously develop Wanhua polyolefin high-performance material platform, and promote the transformation and upgrading of China's polyolefin industry chain.
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Relying on the olefin industry chain platform, we will further strengthen and expand the modified plastics business, expand the high-end application downstream of the material business, and continue to develop and advance in the field of new materials
.
