Core Viewpoint - Wanhua Chemical is undergoing a transformative year, aiming to navigate through industry cycles despite facing declining revenue and net profit in the first three quarters of 2024 [1][2]. Financial Performance - In 2024, Wanhua Chemical reported revenue of 182.07 billion yuan, a year-on-year increase of 3.83%, while net profit was 13.03 billion yuan, down 22.49% [2]. - For the first three quarters of 2025, the company achieved revenue of 144.23 billion yuan, a decrease of 2.29%, and net profit of 9.16 billion yuan, down 17.45% [2]. Quarterly Analysis - The third quarter of 2025 showed signs of recovery with revenue reaching 53.32 billion yuan, up 5.52% year-on-year, and net profit of 3.03 billion yuan, up 3.96% [3]. - In the first two quarters of 2025, revenue was 43.07 billion yuan and 47.83 billion yuan, with net profits of 3.38 billion yuan and 3.04 billion yuan respectively [3]. Business Segment Performance - The polyurethane segment saw sales volume of 4.58 million tons in the first three quarters, an increase of 11.7%, but revenue was 55.14 billion yuan, only a slight increase of 1.66% due to price fluctuations [3]. - The petrochemical segment experienced a sales volume decline of 13%, with revenue of 59.32 billion yuan, down 4.35% [3]. - Fine chemicals and new materials showed growth, with sales volume of 1.84 million tons, up 29.6%, and revenue of 23.81 billion yuan, up 19% [3]. Strategic Initiatives - Wanhua Chemical is focusing on lithium battery materials as a strategic growth area, with a new battery materials industrial park project in Yantai, Shandong, starting construction with a total investment of 16.8 billion yuan [6]. - The company aims to enhance its technological innovation in battery materials to become a leader in the industry, with plans for a full industrial chain layout in battery materials [6][7]. Shareholder Actions - The company announced a reduction in shareholding by Prime Partner International Limited to 4.98% and initiated a share buyback program, repurchasing 9.275 million shares at an average price of 53.90 yuan per share [4].

2025年三季度主要经营数据公告 证券代码：600309 证券简称：万华化学 公告编号：临 2025-60 号 万华化学集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》之《第 十三号——化工》的相关规定，现将万华化学集团股份有限公司 2025 年前三季度主 要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 2025 年前三季度，公司聚氨酯系列产品实现销售收入 5,514,261 万元，石化系 列产品和贸易实现销售收入 5,931,928 万元，精细化学品及新材料系列产品实现销 售收入 2,381,145 万元。 | 主要产品 | 产量（万吨） | 销量（万吨） | | --- | --- | --- | | 聚氨酯系列 | 454 | 458 | | 石化系列 | 478 | 460 | | 精细化学品及新材料系列 | 189 | 184 | 注：以上销量为各系列产品产量对应的销售量，包含产品系列之间的内部使用量。 （一）主 ...

Core 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].

证券代码：600309 证券简称：万华化学 公告编号：临 2025-48 号 万华化学集团股份有限公司 2025年半年度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》之《第 十三号——化工》的相关规定，现将万华化学集团股份有限公司 2025 年半年度主要 经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 2025 年上半年公司聚氨酯系列产品实现销售收入 3,688,779 万元，石化系列产 品和贸易实现销售收入 3,493,356 万元，精细化学品及新材料系列产品实现销售收 入 1,562,807 万元。 | 主要产品 | 产量（万吨） | 销量（万吨） | | --- | --- | --- | | 聚氨酯系列 | 298 | 303 | | 石化系列 | 295 | 285 | | 精细化学品及新材料系列 | 124 | 119 | 注：以上销量为各系列产品产量对应的销售量，包含产品系列之间的内部使用量。 二、主要产品和 ...

一、主要产品的产量、销量及收入实现情况 2024 年度公司聚氨酯系列产品实现销售收入 7,584,415 万元，石化系列产 品和贸易实现销售收入 7,251,827 万元，精细化学品及新材料系列产品实现销 售收入 2,827,308 万元。 证券代码：600309 证券简称：万华化学 公告编号：临 2025-11 号 万华化学集团股份有限公司 2024年主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》 之《第十三号——化工》的相关规定，现将万华化学集团股份有限公司 2024 年 度主要经营数据披露如下： 2. 石化系列产品 2024 年全年来看，石化产品价格与去年同期相比有涨有跌。华东 LLDPE 膜 级均价 8,395 元/吨，与去年同期相比上涨 2.70%；华东苯乙烯均价 9,211 元/ 吨，与去年同期相比上涨 9.52%；山东丙烯均价 6,899 元/吨，与去年同期相比 下跌 0.86%；山东正丁醇均价 7,804 元/吨，与去 ...