China's leading chemical company Wanhua posts 14% revenue increase
BEIJING - Wanhua Chemical Group Co Ltd, a leading chemical company in China, has posted 14.11 percent year-on-year revenue growth in 2018.
In its annual financial results filed to the Shanghai Stock Exchange, Wanhua said its revenue reached around 60.62 billion yuan ($9.02 billion) last year.
The company's net profit attributable to shareholders decreased by 4.71 percent year-on-year to about 10.61 billion yuan.
In 2018, China's domestic demand for MDI, an important chemical raw material, exceeded 2 million tons. The company said it maintained its position as the world's major MDI supplier in the statement.
Shares of Wanhua closed 2.05 percent lower at 46.82 yuan Wednesday in Shanghai, as the Shanghai Composite Index gained 0.09 percent to close at 3,201.61 points.
