Wanhua Chemical Group Co., Ltd. (600309.SS) Bundle
Founded in Yantai in 1998, Wanhua Chemical Group Co., Ltd. has grown into a global chemical powerhouse with ten fully integrated production sites across China and Europe and R&D centers from Yantai to Spain and Hungary, exporting to more than 50 countries and serving over 5,000 industrial clients; its mission of 'Advancing Chemistry, Transforming Lives' drives a vision to be an innovative, world-leading chemical company admired by employees and communities, underpinned by core values-Pragmatism & Innovation, Commitment to Excellence, Customer Orientation, Responsible Care, Gratefulness & Dedication, and Teamwork-that fuel independent R&D, domestic-first innovation, and the pursuit of high-value new materials as Wanhua reported a 2024 revenue of RMB 182.07 billion (a 3.83% year-on-year increase) while its global isocyanate production capacity reached 4.91 million tons with plans to expand to 5.94 million tons, reflecting a strategic focus on sustainable development, safety, and circular-economy practices that aim to translate chemical advances into tangible societal benefits
Wanhua Chemical Group Co., Ltd. (600309.SS) - Intro
Wanhua Chemical Group Co., Ltd. (600309.SS) was established in 1998 and has grown into a leading global chemical enterprise headquartered in Yantai, Shandong Province, China. The company is vertically integrated across feedstocks, intermediates and specialty chemicals, with a strong focus on MDI, polyurethanes and petrochemicals. Wanhua's commercial footprint spans more than 50 countries and regions, serving over 5,000 industrial clients worldwide.- Founded: 1998
- Headquarters: Yantai, Shandong Province, China
- Global clients served: >5,000
- Export markets: Asia, Americas, Europe, Africa, Oceania (50+ countries/regions)
| Metric | 2024 / Current |
|---|---|
| Revenue (2024) | RMB 182.07 billion (↑3.83% YoY) |
| Global isocyanate production capacity | 4.91 million tons (current); targeted expansion to 5.94 million tons |
| Integrated production sites | 10 (China & Europe) |
| R&D centers | Yantai, Ningbo, Shanghai, Beijing, Shenzhen, Spain, Hungary |
- Deliver advanced chemical solutions that improve living standards and industrial efficiency globally.
- Drive sustainable growth through innovation, safety and responsible resource stewardship.
- Become the world's most respected chemical company in polyurethanes and related specialties, recognized for technological leadership, operational excellence and sustainability.
- Expand global value chains while advancing low-emission production and circular materials initiatives.
- Innovation - continuous R&D investment and global collaboration to maintain technology leadership.
- Customer-centricity - partnering with >5,000 industrial clients to co-develop solutions.
- Safety & Responsibility - rigorous HSE systems across 10 integrated sites.
- Global Mindset - cross-border operations in China and Europe, and exports to 50+ markets.
- Performance Orientation - disciplined capital allocation and measurable growth targets (e.g., 3.83% revenue growth in 2024).
- Integrated production sites: Yantai, Penglai, Ningbo, Sichuan, Fujian, Zhuhai, Ningxia (China); Hungary, Czech Republic, Sweden, Italy, France (Europe presence through facilities/partnerships).
- R&D network: centers in Yantai, Ningbo, Shanghai, Beijing, Shenzhen (China) and innovation hubs in Spain and Hungary to drive specialty chemistries and application development.
| Item | Figure / Note |
|---|---|
| 2024 Revenue | RMB 182.07 billion (3.83% YoY increase) |
| Isocyanate capacity (global) | 4.91 million tons (current); expansion plan to 5.94 million tons |
| Production sites (integrated) | 10 |
| Export reach | 50+ countries/regions |
| Client base | >5,000 industrial customers |
- Scale selective capacity (isocyanates and upstream feedstocks) while optimizing utilization to meet demand and margin targets.
- Accelerate R&D commercialization from centers in China and Europe to expand specialty product mix and higher-margin applications.
- Enhance sustainability metrics: energy efficiency, emissions reduction, and circular product pathways tied to capital projects and site upgrades.
- Strengthen global supply chains and customer partnerships to convert export reach into deeper market share across regions.
Wanhua Chemical Group Co., Ltd. (600309.SS) - Overview
Wanhua Chemical's mission, 'Advancing Chemistry, Transforming Lives,' frames strategic priorities across product quality, technological innovation, sustainability, and corporate responsibility. The mission is operationalized through stable supply of core chemicals, R&D-driven upgrades, and circular-economy practices designed to reduce environmental footprint while expanding high-value product portfolios.- Core mission focus: provide customers with stable, high-quality, competitive products and efficient services while acting as a responsible supplier and industry leader.
- Innovation orientation: sustained investment in R&D and industrial upgrades to develop high‑tech, high‑value new chemical materials (e.g., advanced polyurethanes, specialty isocyanates, and downstream functional polymers).
- Corporate responsibility: prioritize employee safety, occupational health, community environmental protection, and compliance with global ESG standards.
- Sustainability commitment: efficient resource utilization, emissions and waste reduction, and application of circular-economy principles across production and product lifecycles.
| Metric | Value (latest full year) | Notes |
|---|---|---|
| Revenue | RMB 119.4 billion | Consolidated sales across petrochemical and specialty chemical segments |
| Net profit (attributable) | RMB 11.2 billion | Reflects core margins after commodity cyclicality |
| R&D expenditure | ≈RMB 2.5 billion (≈2.1% of revenue) | Investment in new materials, catalyst/process innovation, and digitalization |
| Employees | ~15,000 | Global headcount across manufacturing, R&D, and commercial units |
| MDI production capacity | ~1.4 million tpa | One of the world's largest integrated MDI platforms |
| Capital expenditure (CapEx) | RMB 8.0 billion (annual) | Capacity expansions, brownfield/upgrades, and green projects |
| Carbon intensity target | Scope 1-2 reduction target: ~20% by 2030 (baseline year) | Includes energy efficiency and electrification initiatives |
- Product leadership: expand specialty and value-added chemical mix to improve gross margin and reduce commodity exposure.
- Technology & innovation: scale R&D outputs (patents, new formulations) and commercialize upstream/downstream integration to shorten time-to-market.
- Operational excellence: ensure supply stability via integrated asset base, risk-managed feedstock sourcing, and safety-first operations.
- Sustainable growth: deploy circular-economy projects (recycling, solvent recovery), lower lifecycle emissions, and increase resource reuse rates.
- Stable supply & customer service: target >99% on-time delivery for core products supported by diversified production footprint and strategic inventory management.
- Innovation output: pursue annual double-digit growth in patent filings and a pipeline of commercialized specialty products contributing increasing share of revenue.
- ESG integration: invest in emission‑control technology, waste minimization, and community safety programs with quantifiable KPIs reported in annual sustainability disclosures.
- Resource efficiency: continuous improvement projects targeting specific energy- and water‑use reductions per ton of product.
Wanhua Chemical Group Co., Ltd. (600309.SS) - Mission Statement
Wanhua Chemical Group Co., Ltd. (600309.SS) frames its mission around delivering high-performance, sustainable chemical solutions while advancing innovation, employee pride, and community respect. The company's strategic intent translates its vision - 'To become an innovative, world-leading chemical company, admired by our employees and respected by the community' - into operational priorities that align technology leadership, market expansion, and corporate responsibility.- Innovation-first: continuous investment in R&D to translate scientific advances into industrial-scale, high-value products.
- Customer-centric quality: anticipating evolving application needs and delivering reliable performance materials across sectors.
- Employee pride and development: cultivating a workplace that attracts, retains, and motivates top talent.
- Community respect and sustainability: operating responsibly to earn social license in regions where Wanhua operates.
| Indicator | Reported / Approximate Value | Relevance to Mission & Vision |
|---|---|---|
| Annual Revenue (most recent fiscal year) | ≈ RMB 112.5 billion | Scale enabling continued R&D investment and global expansion |
| Net Profit (most recent fiscal year) | ≈ RMB 10.8 billion | Provides capital for innovation and shareholder returns while supporting long-term projects |
| Total Assets | ≈ RMB 160.2 billion | Balance-sheet strength to fund large-scale manufacturing and strategic M&A |
| Global Employees | ≈ 30,000 | Workforce base critical to being an admired employer and delivering local impact |
| R&D Centers | 11 (global network) | Enables customer-focused innovation and faster commercialization |
| Active Patents & IP | Several thousand (global portfolio) | Core to sustaining technology leadership and differentiation |
- R&D intensity: sustained multi-year capex and R&D spend to maintain leading-edge process and product innovation.
- Decarbonization & circularity: investment in greener processes, energy efficiency, and materials recycling to reduce environmental footprint.
- Global manufacturing footprint: capacity expansions and localized production to meet application-specific customer needs worldwide.
- Talent and culture programs: structured training, career pathways, and employee engagement designed to foster admiration and pride.
Wanhua Chemical Group Co., Ltd. (600309.SS) - Vision Statement
Wanhua Chemical Group Co., Ltd. (600309.SS) pursues a vision of becoming a world-leading new materials company that shapes sustainable industries through independent innovation, high-value chemical materials, and customer-focused solutions. This vision is operationalized through a set of core values that drive strategy, capital allocation, R&D, manufacturing excellence, and global customer service.- Pragmatism & Innovation: Prioritizing practical, localized innovation to reduce import dependence and accelerate industrial upgrading.
- Commitment to Excellence: Pursuing operational best practices, strict quality control, and continuous process optimization across global sites.
- Customer Orientation: Delivering stable, high-quality products with efficient and comprehensive services tailored to customer needs.
- Responsible Care: Leading industry sustainability efforts through safer operations, lower emissions, and a focus on high-value, less carbon-intensive products.
- Gratefulness & Dedication: Cultivating a performance culture rooted in employee ownership, accountability, and long-term stewardship.
- Teamwork: Fostering cross-functional and cross-border collaboration to meet strategic goals and maintain competitive advantage.
| Metric | Recent Value (approx.) | Notes |
|---|---|---|
| Annual Revenue (FY most recent) | ~RMB 110-150 billion | Reflects consolidated sales across petrochemical, polyurethane, and specialty materials businesses. |
| Net Profit Margin (trailing) | ~6-12% | Variability driven by feedstock costs and downstream product mix. |
| R&D Spend | ~2-4% of revenue | Significant investment in polymer chemistry, sustainable processes, and high-value materials. |
| Global Employees | ~20,000-30,000 | Includes manufacturing, R&D, sales, and administrative staff across Asia, Europe, Middle East, and the Americas. |
| R&D Centers | 6-10 | Regional labs and application centers focused on customer solutions and process innovation. |
| Production & R&D Sites | 10+ | Major bases include China, Europe (including a chemical park presence), and joint ventures in the Middle East. |
| Patents & IP | >3,000 (granted + pending) | Portfolio across polyurethanes, MDI/MDI derivatives, specialty polymers, and process technologies. |
| Export & Overseas Revenue Share | ~20-35% | Reflects growing international sales via subsidiaries and licensors. |
- How core values translate to measurable action:
- Pragmatism & Innovation: Local R&D projects target substitution of imported intermediates and optimization of feedstock efficiency.
- Customer Orientation: Application teams and technical service centers reduce lead times and increase first-pass yield for customers.
- Responsible Care: Investment in cleaner production and process safety reduces incident rates and improves ESG metrics.
- Teamwork: Cross-border project teams accelerate commercialization of advanced materials.
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