wanhua(SH:600309) Zheng Quan Zhi Xing·2025-08-11 10:14Core Viewpoint - Wanhua Chemical Group Co., Ltd. reported its key operating data for the first half of 2025, highlighting sales revenue and production figures across its main product lines [1]. Group 1: Main Products Performance - The total sales revenue from main products and trading reached 34.93 billion yuan, while the fine chemicals and new materials series generated sales revenue of 15.63 billion yuan [1]. - The production and sales figures for major products are as follows: - Polyurethane series: 2.98 million tons produced - Petrochemical series: 2.95 million tons produced, with 2.85 million tons sold - Fine chemicals and new materials series: 1.24 million tons produced, with 1.19 million tons sold [2]. Group 2: Price Fluctuations of Main Products - The average market price for pure MDI products was approximately 18,800 yuan/ton, reflecting weak downstream demand - The average market price for polymer MDI products was around 16,700 yuan/ton, impacted by weak demand in the construction industry and export order declines due to tariff policies - TDI products maintained an average market price of 12,400 yuan/ton, supported by growth in the automotive sector, while soft foam polyether products averaged 7,800 yuan/ton [2]. Group 3: Price Changes of Raw Materials - The average price of CP was 594 USD/ton, showing a decrease of 3.10% compared to the same period last year - Other raw material prices included: - Shandong acrylic acid at 7,113 yuan/ton, up 14.86% year-on-year - Shandong acrylic ester at 8,741 yuan/ton, down 5.85% year-on-year - Various other raw materials experienced price declines ranging from 6.75% to 20.17% [3]. Group 4: Significant Events - There were no other significant events during the reporting period that impacted the company's production and operations [3].