Wanhua Chemical is mainly engaged in polyurethane business

Wanhua Chemical is mainly engaged in polyurethane business, petrochemical business, fine chemicals and new materials business. In view of the fact that its income increased but profits failed to rise, Wanhua Chemical explained in its annual report that with the increase in sales of polyether polyols and the commissioning of PO/SM and several fine chemical units, the sales of the company's main products have increased, and product revenue and costs have increased accordingly. However, affected by the rise in global raw materials and energy prices, product costs rose more than revenue growth, and gross profit margin fell compared with the same period of last year.