Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥89.12 billion, representing a 31.72% increase compared to ¥67.66 billion in the same period last year[12]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥10.38 billion, a decrease of 23.26% from ¥13.53 billion in the previous year[12]. - The basic earnings per share for the first half of 2022 were ¥3.31, down 23.20% from ¥4.31 in the same period last year[13]. - The company reported a decrease of 22.53% in net profit after deducting non-recurring gains and losses, amounting to approximately ¥10.22 billion compared to ¥13.20 billion last year[12]. - The company's operating profit for the first half of 2022 was RMB 12.663 billion, a decrease of 21.55% year-on-year[20]. - The company reported a total comprehensive income of approximately ¥20.26 billion for the first half of 2022, compared to ¥12.69 billion in the same period of 2021, showing an increase of 59.5%[74]. Cash Flow and Investments - The net cash flow from operating activities increased by 28.85% to approximately ¥14.28 billion, compared to ¥11.09 billion in the same period last year[12]. - The net cash flow from operating activities increased to ¥14,283,353,016.03, up from ¥11,085,244,968.33, representing a growth of approximately 28.5% year-over-year[77]. - The net cash flow from investing activities was negative at -¥14,513,178,497.71, worsening from -¥11,809,223,672.65, indicating a decline of approximately 22.8%[78]. - The company reported a significant increase in investment income to approximately ¥15.60 billion in the first half of 2022, compared to ¥8.63 billion in the same period of 2021, reflecting an increase of 80.5%[73]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥207.30 billion, an increase of 8.93% from ¥190.31 billion at the end of the previous year[12]. - The company's total assets reached CNY 207,296,274,820.49, up from CNY 190,309,582,268.84, reflecting an increase of approximately 8.9%[64]. - Total liabilities rose to CNY 132,846,368,787.13 from CNY 118,613,915,236.74, which is an increase of approximately 11.9%[65]. - The total owner's equity at the end of the first half of 2022 was CNY 71,695,667,032.10, with a decrease of CNY 2,754,239,001.26 during the period[81]. Research and Development - Research and development expenses rose by 25.21% to ¥1.53 billion, reflecting the company's commitment to innovation and product development[22]. - The company applied for 375 domestic and international invention patents, with 319 patents granted during the first half of 2022[21]. - The company emphasizes technological innovation as its core competitive advantage, focusing on independent innovation and high-quality development[19]. Environmental and Safety Measures - The company has implemented measures to enhance process safety and risk management in its operations[31]. - The company actively promotes the construction of online monitoring systems for environmental monitoring, achieving dynamic and real-time monitoring of emissions[42]. - The company has established a comprehensive emergency response plan for environmental incidents, including safety management and environmental hazard inspections[41]. Market and Strategic Development - The company plans to expand its product supply to meet the growing demand in strategic emerging industries such as renewable energy and communication technology[18]. - The company is focused on expanding its market presence, particularly in the Americas, and enhancing its supply chain efficiency amid the ongoing pandemic[21]. - The company is actively pursuing new customer and product development, particularly in the lithium battery and biodegradable plastics sectors[21]. Financial Management and Risks - The company has not disclosed any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[2]. - The company has not proposed any profit distribution or capital reserve transfer for the reporting period[34]. - The company has no significant litigation or arbitration matters during the reporting period[49]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 159,077[54]. - The largest shareholder, Yantai Guofeng Investment Holding Group Co., Ltd., holds 677,764,654 shares, accounting for 21.59% of the total shares[54]. - The company has issued short-term financing bonds with a total balance of 1 billion RMB at an interest rate of 2.50%[58]. Taxation and Compliance - The corporate income tax rate for Wanhua Chemical is 15% for high-tech enterprises and 25% for others[196]. - Wanhua Chemical's subsidiary in Ningbo is recognized as a high-tech enterprise, with a tax rate of 15% applicable until the end of 2022[197]. - The company is eligible for up to €92,534,739 (approximately ¥648,520,465) in tax credits related to new job creation and project investments as of June 30, 2022, with €35,162,961 (approximately ¥246,436,096) remaining unused[200].

Financial Performance - The company's operating revenue for 2021 reached ¥145.54 billion, a 98.19% increase compared to ¥73.43 billion in 2020[11]. - Net profit attributable to shareholders was ¥24.65 billion, reflecting a 145.47% increase from ¥10.04 billion in the previous year[11]. - The net cash flow from operating activities amounted to ¥27.92 billion, up 65.71% from ¥16.85 billion in 2020[11]. - Basic earnings per share increased to ¥7.85, a rise of 145.31% compared to ¥3.20 in 2020[12]. - The weighted average return on equity rose to 42.53%, an increase of 20.33 percentage points from 22.20% in 2020[12]. - The company's total assets at the end of 2021 were ¥190.31 billion, a 42.28% increase from ¥133.75 billion at the end of 2020[11]. - The net assets attributable to shareholders increased to ¥68.50 billion, a 40.42% rise from ¥48.78 billion in 2020[11]. - The gross profit margin for the chemical industry segment was 26.46%, an increase of 2.38 percentage points compared to the previous year[47]. - The company reported a net profit of ¥292.60 million from non-recurring gains in 2021, compared to ¥497.48 million in 2020[16]. Investments and Projects - The company launched 53 projects in 2021, with 23 of them already completed, focusing on high standards and efficiency in engineering construction[21]. - The company completed 44 major repairs and 10 key technical upgrades throughout the year, enhancing operational efficiency[21]. - The company applied for 805 domestic and international patents in 2021, with 416 granted, strengthening its intellectual property protection[26]. - The company has made significant investments in new projects, including ¥250,774.40 million for Wanhua Chemical (Fujian) Co., Ltd.[81]. - The company is expanding its production bases in Ningbo, Yantai, and Zhuhai, with ongoing projects in Fujian and Meishan, and plans to start construction in Yantai Penglai[86]. Corporate Governance and Compliance - Deloitte Huayong Certified Public Accountants issued a standard unqualified audit opinion for the financial report[2]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders and their related parties[2]. - The company has implemented measures to ensure the independence of its operations, with no significant differences from regulatory requirements[92]. - The governance structure has been continuously improved to comply with the Company Law and other regulatory standards[92]. - The company has not reported any significant changes in competition or business operations that would affect its independence[92]. Environmental and Social Responsibility - The company achieved a gold medal certification in the ECOVADIS global corporate social responsibility assessment, ranking in the top 5% of global companies[30]. - The company signed a carbon peak and carbon neutrality declaration in January 2021, committing to achieve carbon peak and carbon neutrality as part of its sustainable development strategy[127]. - The company donated over 10 million yuan to local Red Cross organizations to support medical equipment procurement during the COVID-19 pandemic[129]. - The company organized a tree planting event with over 200 participants, planting 600 trees to enhance ecological awareness among employees[126]. - The company has engaged in various social responsibility projects, including educational support in impoverished areas, contributing to the development of local communities[131]. Market and Competitive Position - The company is innovating in the new energy sector, aligning with national "dual carbon" strategies to support sustainable development[18]. - The company is expanding its C2, C3, and C4 olefin derivatives business, leveraging a 1 million tons/year ethylene and 750,000 tons/year propane dehydrogenation facility[34]. - The company has established itself as a core supplier in the downstream industries of home appliances, furniture, automotive, and coatings through its competitive advantages in the polyether business[66]. - The company ranked 29th in the 2021 global chemical companies list by C&EN, improving by 5 positions from the previous year[32]. - The company aims to create a high-quality development model in the chemical industry, driven by technological innovation and international expansion[32]. Financial Management and Shareholder Returns - The company has implemented a cash dividend policy, ensuring clear standards and ratios for shareholder returns, with a three-year shareholder return plan approved for 2021-2023[114][115]. - The board approved the shareholder return plan for 2021-2023, emphasizing a commitment to enhancing shareholder value[92]. - The company issued bonds worth 17.2 billion yuan to meet funding needs, maintaining stable ratings through proactive international rating management[30]. - The company has a total of 1,715,990,206 restricted shares, all subject to a 36-month lock-up period due to major asset restructuring transactions[147]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders[116]. Risk Management - The company has not identified any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[2]. - The company faces risks related to talent supply, operational efficiency, and organizational structure as it expands its global presence[89]. - The company has not reported any significant changes in competition or business operations that would affect its independence[92]. - The company has not reported any overdue interest-bearing debts as of the end of the reporting period[164]. - The company has not disclosed any risks related to the termination of bond trading[158].