Wanhua Chemical Group (600309) Q1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 54.05 billion in Q1 2026, up 25.50% year-over-year, with net profit attributable to shareholders rising 20.62% to RMB 3.72 billion.

• Product price increases and improved gross margins drove profit growth, especially in March amid global supply-demand shifts and higher oil prices.

• Cash flow from operating activities surged 1,079.87% year-over-year to RMB 6.86 billion, reflecting stronger sales collections.

Financial highlights

• Operating income: RMB 54.05 billion, up 25.50% year-over-year.

• Net profit attributable to shareholders: RMB 3.72 billion, up 20.62% year-over-year.

• Operating cash flow: RMB 6.86 billion, up 1,079.87% year-over-year.

• Basic and diluted EPS: RMB 1.19, up 21.43% year-over-year.

• Total assets at quarter-end: RMB 347.67 billion, up 7.64% from year-end 2025.

Outlook and guidance

• Focus remains on quality and efficiency improvements, adapting to global economic changes, and enhancing operational and management quality.

• Continued emphasis on group-wide operations and industrial chain integration to boost efficiency and profitability.