Wanhua Chemical stock gains focus after sharp third-quarter profit rise

Wanhua Chemical reported a sharp rise in third-quarter profit on October 29, 2026, according to Everchem Specialty Chemicals. Net profit attributable to shareholders increased 84.38 percent year over year to RMB 5.60 billion, while revenue rose 24.80 percent to RMB 66.55 billion.

Profit growth outpaces sales

The earnings increase was faster than revenue growth, extending the improvement reported in the first half. For the first nine months, revenue reached RMB 185.87 billion and attributable net profit climbed 70.99 percent to RMB 15.66 billion.

Polyurethane products remained central to the result. The business generated RMB 70.37 billion in sales during the first nine months, with production of 5.2 million tonnes and sales of 5.1 million tonnes. The figures include material used internally between product lines.

Polyurethane demand remains mixed

Wanhua said polyurethane prices moved higher during the third quarter. Demand recovered in some end markets and exports provided support, while domestic demand for flexible polyether polyols remained weak. The uneven market backdrop leaves product mix, pricing and raw-material costs important factors for the next results.

Business model and market position

Wanhua Chemical is a China-based chemicals producer focused on polyurethane products, including MDI, polymeric MDI and TDI, alongside flexible polyether polyols and other materials. Its products serve industrial and consumer end markets, with exports contributing to demand. The company is listed on the Shanghai Stock Exchange and combines domestic production with international sales, giving it a broad regional operating footprint.

Company information and investor materials are available on Wanhua Chemical's investor relations page.

China equity market coverage is available through the Shanghai Composite.