Revenue Surges to 203.2 Billion! Wanhua Chemical Expands Against the Tide

(Source: Xingyuan Chemical Industry Park Research Institute)

On the evening of March 16, Wanhua Chemical released its 2025 performance forecast announcement, showing that Wanhua Chemical’s annual revenue for the first time exceeded 200 billion yuan, reaching 203.235 billion yuan, an 11.62% increase compared to the same period last year; net profit attributable to shareholders of the listed company was 12.527 billion yuan, a 3.88% decrease from the same period last year.

Financial data shows that at the end of 2025, Wanhua Chemical’s total assets were 323.011 billion yuan, a 10.12% increase from the beginning of the year; owners’ equity attributable to shareholders of the listed company was 108.305 billion yuan, a 14.46% increase from the beginning of the year.

Earlier this year, Liao Zengtai, Chairman of Wanhua Chemical, proposed at the Yantai Huangbohai New Area Economic Work Conference that Wanhua Chemical should transform and upgrade from “chemical industry” to “chemical new energy,” contributing to high-quality development.

In 2025, Wanhua Chemical Group’s path of high-quality development continues to expand. In April of that year, the second phase of the Yantai Industrial Park’s 1.2 million-ton-per-year ethylene project was put into operation as scheduled. The first phase of the ethylene raw material diversification transformation project, which took seven months, produced qualified products on January 6 this year, significantly enhancing Wanhua’s ethylene competitiveness. The successful joint venture in the C3 industry was established; multiple high-end fine chemical production units independently developed, such as LPE and MS, were completed and put into operation, and breakthroughs were made in the battery materials industry.

At the same time, Wanhua was awarded the China Quality Award, becoming the third company in Shandong Province after Haier and Weichai to receive this honor, and the only chemical industry enterprise to have done so to date.

Liao Zengtai stated that 2026 is the first year of the “14th Five-Year Plan” and a critical year for Wanhua’s transformation from a “chemical” company to a “chemical + new energy” enterprise. The company will further solidify the foundation of the chemical industry, enhance comprehensive competitiveness, expand its leading edge, continuously upgrade polyurethane technology, actively develop downstream applications such as polyurethane pathways, formaldehyde-free panels, and building energy-saving solutions; promote further cooperation between the company’s ethylene industry and foreign oil companies; accelerate the construction of 18 high value-added new projects in Yantai Industrial Park, including vanillin and guaiacol, as well as over 50 technical transformation projects such as nylon 12, POE, and PC, to quickly form new productivity.

Wanhua Chemical will focus on achieving new breakthroughs in battery materials. Leveraging Wanhua’s strong capabilities in technological innovation, project management, and manufacturing, as well as its talent, brand, and capital advantages, and utilizing wind, solar, and mineral resources, the company aims to build high-end, integrated, large-scale, green, global, and low-cost competitive advantages that are difficult to surpass. It aspires to become a “Chief Innovation Officer” and “Industry Leader” in global battery materials, quickly realizing the grand goal of creating a new Wanhua.