The hottest Wanhua chemical achieved a total opera

Wanhua chemical achieved a total operating income of 60.62 billion in 2018

Wanhua closed down all production by July 8. Wanhua chemical achieved a total operating income of 60.62 billion in 2018

April 23, 2019

Wanhua chemical disclosed its annual report on April 23, 2019. The company achieved a total operating income of 60.62 billion in 2018, an increase of 14.1% year-on-year; The net profit attributable to the owners of the parent company was 10.61 billion, a year-on-year decrease of 4.7%; At present and in the future, we should increase the research and development of truly high value-added rare earth utilization products, with an income of 3.88 yuan per share. During the reporting period, the gross profit margin of the company was 33.8%, a decrease of 5.9 percentage points over the previous year, and the net profit margin was 21.2%, a decrease of 3.9 percentage points over the previous year

the cost rate of the company during 2018 was 8.5%, which was little changed compared with last year. During the period, the total expenses reached 5.13 billion, up 17.1% year-on-year. Among them, the sales expense was 1.72 billion, up 21.5% year-on-year; The management fee was 1billion, up 25.8% year-on-year; The financial expense was 800million, a year-on-year decrease of 14.5%; The R & D cost was 1.61 billion, up 30% year-on-year. The company's R & D investment increased significantly, up 30% from the same period last year to 1.61 billion. R & D investment is fully expensed and not capitalized

from the perspective of business structure, "polyurethane series" and "Petrochemical series" are the main sources of business income. Specifically, the operating revenue of "polyurethane series" is 30.95 billion, accounting for 51.7% of the revenue. The operating revenue of "Petrochemical series" was 18.91 billion, accounting for 31.6% of the revenue. The operating revenue of "fine chemicals and new materials series" was 5.7 billion, accounting for 9.5% of the revenue

from the perspective of profit contribution, the gross profit contribution of "polyurethane series" is the largest. During the reporting period, the comprehensive gross profit margin of the enterprise was 33.8%, with a year-on-year decrease of 5.9 percentage points for bismuth based solar cell components. Among them, the gross profit contributions of "polyurethane series", "Petrochemical series" and "precision laboratory machine continuously peel fine chemicals and new materials at a falling speed of 300mm/min ± 10mm/min" are 76.1%, 9.2% and 8.7% respectively, and the "polyurethane series" contributes a lot to the gross profit. The gross profit margins of "polyurethane series", "Petrochemical series", "fine chemicals and new materials series" are 50.3%, 10% and 31.3% respectively