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600309 Wanhua Chemical Group
- 69.18
- -0.02-0.03%
Not Open Mar 11 15:00 CST
217.21BMarket Cap14.28P/E (TTM)
69.18High68.20Low158.26KlotVolume68.52Open69.20Pre Close1.09BTurnover0.50%Turnover Ratio12.92P/E (Static)3.14BShares100.4052wk High2.33P/B217.21BFloat Cap65.4552wk Low76.12Limit Up3.14BShs Float142.64Historical High62.28Limit Down1.42%Amplitude-14.83Historical Low2.15Dividend TTM68.84Avg Price63.84KlotAsk3.10%Div YieldTTM100Lot Size79.25KlotBid
Wanhua Chemical Group News
Express News | Wanhua Chemical Group: Signed a strategic cooperation agreement with Sanmen Nuclear Power to deepen the zero-carbon strategy layout.
Fitch: The USA's anti-dumping investigation has a relatively limited impact on the credit status of Wanhua Chemical Group (600309.SH).
Fitch Ratings indicates that the investigation by the US International Trade Commission (USITC) regarding allegations of dumping methylene diphenyl diisocyanate (MDI) from China will have a relatively limited impact on the credit status of Wanhua Chemical Group (600309.SH). Fitch expects that the imposition of potential anti-dumping tariffs will not materially affect Wanhua's financial condition. Wanhua's MDI exports to the USA account for a very small portion of its total production, and the company can meet the demand of the US market through its overseas plant in Hungary. MDI is a widely used chemical intermediate, and the supply-demand dynamics in the chemical industry are relatively balanced. If tariffs are imposed, other countries...
Wanhua Chemical Group (600309): Pay attention to the price increase opportunities for polyurethane. Wanhua Ningbo's 1.8 million tons MDI technical renovation project has completed acceptance.
Investment highlights: The future competitive advantage of the chemical Industry lies in the "engineer dividend". Wanhua Chemical Group is one of the few companies in the country that is driven by technological innovation for its development. The company builds high technology and excellence in Operation based on a strong culture through technological innovation.
Research Reports Gold Digging | Guosen: Maintain Wanhua Chemical Group's "Outperform the Market" rating, Global MDI manufacturers are raising prices.
On February 8, Gelonghui reported that Guosen's Research Report pointed out that recently, major global polyurethane companies have successively raised the prices of MDI and TDI products, covering multiple regional markets. As a leading company in the polyurethane Industry, there is a solid profit guarantee, and new projects are steadily progressing. Maintaining an "Outperform Market" rating. Currently, the total production capacity of major global MDI manufacturers is approximately 10.76 million tons, with an additional planned capacity of about 1.73 million tons. Among them, Wanhua Chemical Group plans to add 1.3 million tons, becoming the Block Orders for capacity growth. On January 5, 2025, the National Development and Reform Commission and the Ministry of Finance released the announcement regarding the implementation of large-scale equipment expansion by 2025.
Wanhua Chemical Group (600309): Global MDI manufacturers are raising prices, supporting the industry's upward trend in demand.
Item: Event: Recently, major Global polyurethane companies have consecutively raised the prices of MDI and TDI products, covering multiple regional markets. BASF will adjust the prices of Lupranate for the ASEAN and South Asia regions on January 7, 2025.
The Securities Regulatory Commission has approved Kent Catalysts' IPO registration on the Main Board of the Shanghai Stock Exchange.
On January 24, the China Securities Regulatory Commission released the "Reply on Approving the Initial Public Offering Stock Registration of Kent Catalytic Materials Co., Ltd." It is reported that Kent Catalytic plans to list on the Main Board of the Shanghai Stock Exchange, with Sinolink as the sponsor for the IPO, aiming to raise 0.499 billion yuan.
Express News | On the 24th, the Dalian Commodity Exchange announced the addition of Wanhua Chemical Group (Yantai) Olefins Co., Ltd. as a designated delivery warehouse for styrene, and agreed to Wanhua Chemical (Yantai) Petrochemical Co., Ltd. giving up the designated d
Wanhua Chemical Group (600309): Wanhua Chemical Group Monthly Report Tracking
Company Overview The company's main businesses are divided into polyurethane, petrochemicals, and New Materials. The polyurethane business is expected to maintain steady growth in the future: we anticipate that the company's current MDI capacity of 3.5 million tons will increase to 4.9 million tons in the next 3-4 years.
Express News | Last year in the fourth quarter, Ruiyuan Fund's Zhao Feng first heavily invested in Shanxi Xinghuacun Fen Wine Factory, while Meituan and Ping An Insurance exited from the top ten Hold Positions.
China International Capital Corporation: Bullish on the continued price increase of TDI, leading companies have certain price influence.
Benefiting from the policy of replacing old with new in areas such as home decoration and Autos, it is expected that domestic TDI demand will continue to increase by 2025, and TDI prices are expected to continue to rise.
Wanhua Chemical Group (600309): A major turning point may be approaching.
Core views on Wanhua's expectations are divergent. In recent years, Wanhua's capital expenditures have mainly invested in petrochemical projects, including the Penglai Propylene Integration Project and the Yantai Ethylene Integrated Phase II Project. However, due to the sluggish performance of the petrochemical Industry, the market has concerns regarding these two projects for 2025.
Express News | Sealand: Maintains Wanhua Chemical Group's "Buy" rating, with the ethylene phase II project expected to start production in Q1 2025.
Kent Catalysts submitted a registration for an IPO to the Shanghai Stock Exchange, focusing on the field of phase transfer catalysts.
On January 13, Kent Catalytic Materials Co., Ltd. (abbreviated as Kent Catalytic) applied to change its IPO review status on the Shanghai Stock Exchange Main Board to "submitted for registration." Sinolink is its sponsoring institution, aiming to raise 0.499 billion yuan.
Wanhua Chemical Group (600309) company dynamic research: improvement in polyurethane price gap month-on-month; the ethylene phase II project is expected to be operational in Q1 2025.
Investment highlights: The future competitive advantage of the chemical industry lies in the "engineer dividend", wanhua chemical group is one of the few domestic companies driven by technological innovation. The company, based on a excellent cultural foundation, has created high-tech and innovative through technological innovation and excellent operation.
Wanhua Chemical Group (600309): Overseas MDI/TDI prices are increasing, bullish on seasonal trends.
Event: On January 7 and January 10, 2025, BASF announced an increase of $300 per ton in the prices of its Lupranate? MDIMS series and Lupranate TDI respectively.
Express News | SKSHU Paint and Wanhua Chemical Group signed a strategic cooperation agreement.
Research Reports: HTSC maintains a "Buy" rating for Wanhua Chemical Group, expecting continued growth space for the company in 2025-2026.
Gelonghui, January 6 | HTSC Research Reports pointed out that due to the impact of the second phase project shutdown maintenance at the Ningbo factory and the low-load running of the Hungarian factory, combined with the sector facing supply and demand pressures, the performance expectations for Wanhua Chemical Group (600309.SH) in 2024 have been lowered. Following the end of maintenance and the launch of new projects, it is expected that the company will still have growth space in 2025-2026. The rating is maintained as "Buy." The company still has many planned or under-construction projects waiting for implementation or landing. On October 25, the company announced the Fujian MDI technical reform and expansion project, adding 0.7 million tons of MDI capacity; Fujian's second phase of 0.36 million tons of TDI, and 0.6 million tons in Ningbo.
Wanhua Chemical Group (600309): Maintenance on polyurethane still exists, petrochemical sector under temporary pressure.
Due to the impact of the parking maintenance of the second phase project at the Ningbo factory and the low load running of the Hungarian factory, combined with the petrochemical Sector still facing supply and demand pressure in the short term, we have lowered the performance expectations for 2024. With the end of the maintenance and the launch of new projects, it is expected for 2025-2026.
Research Reports Mining | GTJA: Maintain "Shareholding" rating for Wanhua Chemical Group, Ethane tax reduction is Bullish for petrochemicals.
On December 30, Gelonghui reported that GTJA's Research Reports pointed out that the reduction of ethane import tariffs in 2025 is expected to benefit Wanhua Chemical Group's (600309.SH) petrochemical Business, maintaining a "Shareholding" rating. According to the Ministry of Finance's official website, in 2025, a temporary import tariff lower than the most favored nation rate will be implemented on 935 commodities, including the reduction of import tariffs on ethane and some recycled copper and aluminum raw materials to promote green and low-carbon development. In terms of petrochemical Business, the company is promoting the construction of key projects such as the second phase of ethylene and the first phase of Penglai, where the second phase of ethylene will use ethane and naphtha as raw materials.
Wanhua Chemical Group (600309): The reduction of tax on ethane is bullish for the petrochemical industry, and the expansion of TDI will not disrupt the main growth line.
Report introduction: In 2025, the reduction of the ethane import tariff is expected to benefit the company's petrochemical Business, maintaining a "Shareholding" rating. Investment highlights: Maintain the "Shareholding" rating. The company's EPS for 2024-2026 is expected to be 4.62/6 respectively.
