Wanhua Chemical's operating income at 41.939 billion Yuan and net profit at 4.053 billion Yuan in Q1 2023

On April 14, Wanhua Chemical (600309) released the first quarter report of 2023, which showed that the operating income in the first quarter of 2023 was 41939325956.05 yuan, an increase of 0.37% over the same period of last year. The net profit belonging to shareholders of listed companies was 4053161512.31 yuan, down 24.58% on the year.

The net cash flow generated by operating activities during the reporting period was 4166884642.68 yuan and the total assets were 237793786466.24 yuan. During the reporting period, the company's operating income in the first quarter of 2023 was 41939325956.05 yuan, an increase of 0.37% over the same period of last year; the net profit belonging to shareholders of listed companies was 4053161512.31 yuan, down 24.58% year on year, mainly due to the decline in product prices and the reduction of gross profit. Wanhua Chemical is mainly engaged in polyurethane business, petrochemical business and fine chemicals and new materials business.