wanhua(SH:600309)2017-02-14 16:00Financial Performance - In 2016, the total operating revenue reached RMB 3,009,986.15 million, an increase of 54.42% compared to the previous year[3] - Operating profit for 2016 was RMB 565,052.72 million, reflecting a growth of 100.73% year-on-year[3] - The total profit amounted to RMB 565,307.94 million, which is a 91.34% increase from the previous year[3] - Net profit attributable to shareholders was RMB 367,987.29 million, marking a significant increase of 128.60% compared to the prior year[3] - Basic earnings per share rose to RMB 1.70, a 129.73% increase from RMB 0.74 in the previous year[3] - The weighted average return on equity increased to 28.12%, up by 13.45 percentage points from 14.67%[3] Assets and Equity - Total assets at the end of the reporting period were RMB 5,078,389.40 million, a 6.23% increase from the beginning of the period[3] - Shareholders' equity attributable to the parent company increased to RMB 1,482,203.71 million, reflecting a growth of 28.10%[3] Drivers of Growth - The increase in revenue and profit was primarily driven by the production launch of the Yantai Industrial Park's petrochemical facilities and improved profitability of the main product MDI[6] - The company implemented effective cost control measures and optimized its management system, contributing to the significant improvement in operating performance[6]