According to the Capital Securities Research Report, the three major sectors of Wanhua Chemical have risen sharply in volume and price, which together drove a sharp increase in performance. Net profit to mother was achieved in the first half of the year of the year of 10.063 billion yuan, of which net profit to mother was 6.345 billion yuan in the second quarter, +108.68% year-on-year and +70.68% month-on-month. The polyurethane sector remains the main source of profit. In the first half of 2026, due to limited production capacity of some overseas installations due to factors such as geopolitics and raw material supply, global polyurethane supply was generally tight. Although demand in real estate, home furnishing and other industries was relatively weak, demand from industries such as new energy and cold chain was supported, and the profitability of the polyurethane sector increased steadily. The profitability of the petrochemical sector has improved markedly, and the fine chemicals and new materials sector has blossomed a bit. Consider the company's performance flexibility and certainty during the upward boom in the industry, and maintain a “buy” rating.

According to the Capital Securities Research Report, the three major sectors of Wanhua Chemical have risen sharply in volume and price, which together drove a sharp increase in performance. Net profit to mother was achieved in the first half of the year of the year of 10.063 billion yuan, of which net profit to mother was 6.345 billion yuan in the second quarter, +108.68% year-on-year and +70.68% month-on-month. The polyurethane sector remains the main source of profit. In the first half of 2026, due to limited production capacity of some overseas installations due to factors such as geopolitics and raw material supply, global polyurethane supply was generally tight. Although demand in real estate, home furnishing and other industries was relatively weak, demand from industries such as new energy and cold chain was supported, and the profitability of the polyurethane sector increased steadily. The profitability of the petrochemical sector has improved markedly, and the fine chemicals and new materials sector has blossomed a bit. Consider the company's performance flexibility and certainty during the upward boom in the industry, and maintain a “buy” rating.