wanhua(SH:600309) Shang Hai Zheng Quan Bao·2025-08-11 19:14Core Viewpoint - The company has released its 2025 semi-annual report, detailing its financial performance and operational data for the first half of the year, highlighting significant revenue from various product lines [12]. Group 1: Company Overview - The company is named Wanhua Chemical Group Co., Ltd., with the stock code 600309 [2]. - The board of directors and management confirm the authenticity and completeness of the report, taking legal responsibility for its content [1]. Group 2: Financial Data - In the first half of 2025, the company achieved sales revenue of CNY 36.89 billion from polyurethane products, CNY 34.93 billion from petrochemical products and trading, and CNY 15.63 billion from fine chemicals and new materials [12]. - The average market prices for key products showed fluctuations, with pure MDI averaging CNY 18,800 per ton, polymer MDI at CNY 16,700 per ton, and TDI at CNY 12,400 per ton [14]. Group 3: Price Changes - The price of pure benzene averaged CNY 6,789 per ton, down 21.53% year-on-year, while coal prices decreased by 22.78% to CNY 600 per ton [16][17]. - The price of propylene averaged USD 612 per ton, showing a slight increase of 0.49% year-on-year, while butane decreased by 3.10% to USD 594 per ton [17]. Group 4: Board Meeting - The board meeting held on August 9, 2025, was attended by all 11 directors, and the semi-annual report was unanimously approved [9][10]. - The meeting also approved changes to the strategic committee and the establishment of a management system for hedging business [10].